KERMIT G PHILLIPS II CHARITABLE TR: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- KERMIT G PHILLIPS II CHARITABLE TR (EIN 04-6977585)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-13
- IRS object ID
- 202033189349102858
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
- Transfers Frm Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-13T13:39:08-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 571157523 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | APRIO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 212 W MATTHEWS ST STE 102 | AddressLine1Txt |
| City | MATTHEWS | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046977585 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KERMIT G PHILLIPS II CHARITABLE TRUST | BusinessNameLine1Txt |
| Business Name Line2 | AKA PHILLIPS FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KERM | BusinessNameControlTxt |
| Phone | 3364580806 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 4034 | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27404 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH PHILLIPS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3364580806 | PhoneNum |
| Signature | 2020-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID D FRASER | PreparerPersonNm |
| PTIN | P00283556 | PTIN |
| Phone | 7048411120 | PhoneNum |
| Preparation | 2020-11-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 208.87.234.180 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-13 | IPDt |
| IP Tm | 13:38:29 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 469872BED709E916EA2F376FC4208F0CC1C15BBD | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 8FEBF6136871D7BAB0B6062DB9A0988FB08D0915 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $68,023,952 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $1,110,356 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,110,356 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $643,620 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,975,140 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $643,620 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $990,746 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $2,150 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,744,722 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,756,126 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $107,395 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $107,395 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $119,949 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $0 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $23,495 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $7,448 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $21,485 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $23,105 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $210,533 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $207,271 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $321,039 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $8,382 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $5,479 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $47,890 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $0 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $598,437 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,142 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $515,053 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,478,807 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $209,413 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $638,278 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,295,367 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,295,367 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,774,174 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $209,413 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,933,645 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$29,452 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,546,713 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $830,255 | CashBOYAmt |
| Cash EOY | $349,093 | CashEOYAmt |
| Cash EOYFMV | $349,093 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $365,654 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $726,418 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $726,418 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $150,000 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $150,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $150,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $150,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| US Government Obligations BOY | $1,801,397 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $1,528,272 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $1,577,939 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $41,330,594 | CorporateStockBOYAmt |
| Corporate Stock EOY | $41,261,388 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $47,492,561 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,181,197 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,184,719 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,231,545 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $8,964,720 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $17,235,115 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $15,400,623 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $527,795 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $32,022 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $501,253 | LandBOYAmt |
| Land EOY | $495,773 | LandEOYAmt |
| Land EOYFMV | $495,773 | LandEOYFMVAmt |
| Other Assets BOY | $100,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $600,000 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $600,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $55,225,070 | TotalAssetsBOYAmt |
| Total Assets EOY | $63,530,778 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $68,023,952 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $12,309 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $18,118 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $12,309 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $18,118 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $55,212,761 | RetainedEarningBOYAmt |
| Retained Earning EOY | $63,512,660 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $55,212,761 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $63,512,660 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $55,225,070 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $63,530,778 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $55,212,761 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$29,452 | ExcessRevenueOverExpensesAmt |
| Other Increases | $8,329,351 | OtherIncreasesAmt |
| Subtotal | $63,512,660 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $63,512,660 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|
| LONG TERM CAPITAL GAIN DISTRIBUTIONS | 2018-01-01 | 2019-12-31 | $100,244 | $100,244 | $100,244 | |
| CRA QUALIFIED INVESTMENT | 2016-06-09 | 2019-06-24 | $125,000 | -$3,302 | -$3,302 | $128,302 |
| ISHARES MSCI KLD 400 SCL ETF | 2016-11-02 | 2019-11-21 | $958,934 | $290,714 | $290,714 | $668,220 |
| MS 072735 SHORT TERM | 2019-01-01 | 2019-12-31 | $72,005 | $1,354 | $1,354 | $70,651 |
| MS 072735 LONG TERM | 2014-01-01 | 2019-12-31 | $201,652 | $11,722 | $11,722 | $189,930 |
| MS 072743 SHORT TERM | 2019-01-01 | 2019-12-31 | $110,921 | $1,343 | $1,343 | $109,578 |
| MS 072743 LONG TERM | 2016-01-01 | 2019-12-31 | $691,028 | $10,861 | $10,861 | $680,167 |
| MS 072750 SHORT TERM | 2016-11-02 | 2019-12-31 | $20,797 | -$46,068 | -$46,068 | $66,865 |
| MS 083370 SHORT TERM | 2019-01-01 | 2019-12-31 | $590,525 | $45,859 | $45,859 | $544,666 |
| MS 083370 LONG TERM | 2018-04-26 | 2019-12-31 | $547,238 | $40,561 | $40,561 | $506,677 |
| MS 091204 SHORT TERM | 2019-01-01 | 2019-12-31 | $448,189 | $1,674 | $1,674 | $446,515 |
| MS 091204 LONG TERM | 2016-01-01 | 2019-12-31 | $1,108,607 | $188,658 | $188,658 | $919,949 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $643,620 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,159,529 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $58,477,153 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.036929 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,934,723 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $56,742,424 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.034097 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $5,053,822 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $51,985,623 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.097216 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,114,099 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $58,199,075 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.053508 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,727,587 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $57,230,106 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.047660 | DistributionYr5Rt |
| Total Distribution | 0.269410 | TotalDistributionRt |
| Average Distribution | 0.053882 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $59,891,542 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,227,076 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $15,467 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,242,543 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,933,645 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $30,934 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $30,934 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $30,934 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $75,771 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $75,771 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $44,837 | OverpaymentAmt |
| Applied To ES Tax | $44,837 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.PHILLIPSFOUNDATIONNC.ORG | WebsiteAddressTxt |
| Individual With Books | APRIO LLP | IndividualWithBooksNm |
| Phone | 7048411120 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 212 W MATTHEWS ST STE 102 | AddressLine1Txt |
| City | MATTHEWS | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| KATHERINE PHILLIPS | ||||||||
| PO BOX 4034 | GREENSBORO | NC | 27404 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| KEITH PHILLIPS | ||||||||
| PO BOX 4034 | GREENSBORO | NC | 27404 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| KERT PHILLIPS | ||||||||
| PO BOX 4034 | GREENSBORO | NC | 27404 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| KEVIN PHILLIPS | ||||||||
| PO BOX 4034 | GREENSBORO | NC | 27404 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| PETER GILCHRIST | ||||||||
| PO BOX 4034 | GREENSBORO | NC | 27404 | PROTECTOR | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| CATHERINE BURNETT | ||||||||
| PO BOX 4034 | GREENSBORO | NC | 27404 | CHIEF OPERATING OFFI | 40.00 | $107,395 | $7,447 | $0 |
| LORI UNDERHILL | ||||||||
| PO BOX 4034 | GREENSBORO | NC | 27404 | ADMINISTRATIVE | 40.00 | $61,221 | $3,917 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MORGAN STANLEY | |||||
| 333 W SAN CARLOS ST STE 1100 | SAN JOSE | CA | 95110 | INVESTMENT MANAGEMENT | $182,271 |
| CICERO RESEARCH | |||||
| 35 N RIO GRANDE | SALT LAKE CITY | UT | 84101 | WEBSITE DEVELOPMENT | $60,205 |
| NEXUS IMPACT ADVISORS | |||||
| 4413 18TH STREET N | ARLINGTON | VA | 22207 | WEBSITE CONTENT CURATION | $52,864 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | FAMILY WELLNESS: THE PHILLIPS FOUNDATION SEEKS TO LEVERAGE THE FOUNDATION'S EXISTING GRANT PARTNERSHIPS TO EVOLVE TOWARD UPSTREAM PREVENTION OF SOCIAL ISSUES BY ADDRESSING ROOT PROBLEMS OF FAMILY BREAKDOWN AND DYSFUNCTION THROUGH RESEARCH-BASED TOOLS FOR HEALTHY RELATIONSHIPS AND FAMILY WELLNESS. THIS DIRECT CHARITABLE ACTIVITY CARRIES OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE FOUNDATION. | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Description2 | HOMELESSNESS: THE PHILLIPS FOUNDATION SEEKS TO: IMPROVE ITS APPROACH TO PREVENTING AND ENDING HOMELESSNESS THROUGH LEVERAGING SUCCESSFUL GRANTEE MODELS (SUCH AS HOUSING FIRST AND YV LIFESET); CONVENE WITH PARTNERS TO DEVELOP LARGE SCALE SOLUTIONS; AND FOSTER COLLABORATION AMONG PARTNERS AND PHILLIPS FOUNDATION TO SCALE OUT INITIATIVES MORE BROADLY. THE PHILLIPS FOUNDATION ALSO AIMS TO LEARN FROM ITS GRANTEES HOW THE FOUNDATION'S INVESTMENTS IN THEM CAN BE LEVERAGED MORE FULLY. THIS DIRECT CHARITABLE ACTIVITY CARRIES OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE FOUNDATION. | Description2Txt |
| Expenses2 | $0 | Expenses2Amt |
| Description3 | IMPACT INVESTING: THE PHILLIPS FOUNDATION SEEKS TO CREATE A PLATFORM TO AMPLIFY SOCIAL AND ENVIRONMENTAL VALUE THROUGH FINANCIAL INVESTMENTS, A PRACTICE KNOW AS IMPACT INVESTING. THROUGH A SERIES OF EVENTS, GATHERINGS, AND COLLABORATIONS THAT BRING TOGETHER A VARIETY OF STAKEHOLDERS, THE FOUNDATION WILL MEET THIS MISSION-RELATED GOAL THROUGH ACTIVITIES INCLUDING BUT NOT LIMITED TO: PROVIDING EDUCATIONAL PROGRAMS, CONVENING PARTNERS, FOSTERING COLLABORATION, CREATING DEAL-FLOW, AND EXPLORING OPPORTUNITIES. THIS DIRECT CHARITABLE ACTIVITY CARRIES OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE FOUNDATION. | Description3Txt |
| Expenses3 | $300,146 | Expenses3Amt |
| Description4 | EDUCATION DCA: THE PHILLIPS FOUNDATION SEEKS TO ENHANCE THE RESULTS OF ITS GRANTMAKING IN EDUCATION, TO GROW EDUCATION-RELATED INITIATIVES. LEVERAGING ITS BODY OF WORK, THE FOUNDATION WILL DEVELOP PROGRAMS, COLLABORATIONS, AND TECHNOLOGY DESIGNED TO INSPIRE LEARNING AND ADDRESS IMPEDIMENTS TO CHILDREN AND YOUTH REACHING THEIR FULL POTENTIAL AS GENEROUS AND IMPACT-DRIVEN ADULTS. THROUGH EXPLORATION OF PARTNERSHIPS WITH OTHERS IN THE FIELD, COUPLED WITH ORIGINAL PROGRAMS DESIGNED TO EDUCATE CHILDREN AND YOUTH ABOUT GENEROSITY, STEWARDSHIP, AND SOCIAL RESPONSIBILITY, THE FOUNDATION WILL INNOVATE, CONVENE, AND COLLABORATE TO EFFECT POSITIVE CHANGE. THIS DCA CARRIES OUT THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE FOUNDATION. | Description4Txt |
| Expenses4 | $161,489 | Expenses4Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $59,898,305 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $905,291 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $60,803,596 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $60,803,596 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $912,054 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $59,891,542 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,994,577 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,994,577 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $30,934 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $97,815 | IncomeTaxAmt |
| Total Tax | $128,749 | TotalTaxAmt |
| Distributable Before Adj | $2,865,828 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,865,828 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,865,828 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,933,645 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,933,645 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,933,645 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,865,828 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $418,431 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $418,431 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,933,645 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,933,645 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $418,431 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $418,431 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $513,752 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Shareholder Manager | KEITH PHILLIPS | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| ACTION GREENSBORO | |||||||
| 203 S CHURCH ST | GREENSBORO | NC | 27401 | PC | DOWNTOWN GREENWAY; OPERATIONS AND PROGRAMS SUPPORT | $300,000 | |
| GREENSBORO CHILDREN'S MUSEUM INC | |||||||
| 220 NORTH CHURCH STREET | GREENSBORO | NC | 27401 | PC | ESTABLISH ENDOWMENT TO SUPPORT MAINTENANCE AND ENHANCED PROGRAMMING | $100,000 | |
| DRK FOUNDATION | |||||||
| 1600 EL CAMINO REAL SUITE 155 | MENLO PARK | CA | 94025 | PC | OPERATIONS AND PROGRAM SUPPORT | $50,000 | |
| THE COMMUNITY FOUNDATION OF GREATER GREENSBORO INC | |||||||
| 330 SOUTH GREENE STREET SUITE 100 | GREENSBORO | NC | 27401 | PC | TANGER PERFORMING ARTS CENTER | $500,000 | |
| SESAME WORKSHOP BENEFIT | |||||||
| 162 WEST 56TH STREET STE 405 | NEW YORK | NY | 10019 | PC | 50TH ANNIV BENEFIT DINNER | $5,000 | |
| UNC-G EXCELLENCE FOUNDATION | |||||||
| OFFICE OF THE CHANCELLOR UNCG 303 | GREENSBORO | NC | 27402 | PC | HEALTHY RELATIONSHIPS INITIATIVE | $140,367 | MOSSMAN BLDG |
| UNION SQUARE CAMPUS INC | |||||||
| 2901 E LEE ST STE 2500 | GREENSBORO | NC | 27401 | PC | UNION SQUARE CAMPUS | $200,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,295,367 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,110,356 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $988,596 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,150 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $643,620 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $988,596 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,756,126 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,744,722 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $23,105 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (4 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| 2014 EQUIPMENT | 2014-12-31 | $11,707 | $10,533 | SL | 5.000000000000 | $1,174 | $0 |
| 2014 FURN & FIXT | 2014-12-31 | $22,330 | $14,348 | SL | 7.000000000000 | $3,190 | $0 |
| 2014 IMPROVE | 2014-12-31 | $2,200 | $990 | SL | 10.000000000000 | $220 | $0 |
| COMPUTERS | 2018-04-11 | $4,475 | $671 | SL | 5.000000000000 | $895 | $0 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | CORPORATE BONDS - SEE STMT | BondNm |
| EOY Book Value | $1,184,719 | EOYBookValueAmt |
| EOYFMV | $1,231,545 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK AND MUTUAL FUNDS - SEE STMT | StockNm |
| EOY Book Value | $41,261,388 | EOYBookValueAmt |
| EOYFMV | $47,492,561 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $960,128 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $987,759 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $568,144 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $590,180 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | OTHER INVESTMENTS - SEE STMT | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $17,235,115 | BookValueAmt |
| EOYFMV | $15,400,623 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| 2014 EQUIPMENT | $11,707 | $11,707 | $0 |
| 2014 FURN & FIXT | $22,330 | $17,538 | $4,792 |
| 2014 IMPROVE | $2,200 | $1,210 | $990 |
| COMPUTERS | $4,475 | $1,566 | $2,909 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | CategoryTxt |
| Legal Fees | $21,485 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| NYC INCLUSIVE CREATIVE ECONOMY FUND PRI | $100,000 | $100,000 | $100,000 |
| JAIL EDUCATION MRI | $0 | $500,000 | $500,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $2,142 | $2,142 | $0 |
| DUES SUBSCRIPTIONS & MEMBERSHIPS | $1,995 | $0 | $0 |
| INSURANCE | $750 | $0 | $0 |
| OFFICE EXPENSES | $14,186 | $0 | $0 |
| TEMPORARY SERVICES | $117,730 | $0 | $53,419 |
| DCA - EDUCATION FIELD BUILDING | $2,815 | $0 | $2,815 |
| DCA - EDUCATION GAWG | $158,674 | $0 | $158,674 |
| DCA - IMPACT INV FIELD BLDG | $44,984 | $0 | $44,984 |
| DCA - IMPACT INV ACTION GREENSBORO | $50,000 | $0 | $50,000 |
| DCA - IMPACT INV IITT | $205,161 | $0 | $205,161 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CREDIT CARD REWARDS | $2,150 | $2,150 | $2,150 |
| SCHEDULE K-1 ACTIVITY | $988,596 | $0 | $988,596 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED APPRECIATION | Desc |
| Amt | $8,329,351 | Amt |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (2 entries)
| Insider RelationshipInsiderRelationshipTxt | Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | Repayment TermsRepaymentTermsTxt | InterestInterestRt | Security Provided BorrowerSecurityProvidedBorrowerTxt | Loan PurposeLoanPurposeTxt | Consideration FMVConsiderationFMVAmt |
|---|---|---|---|---|---|---|---|---|---|
| MCE SOCIAL CAPITAL | |||||||||
| UNRELATED | $100,000 | $100,000 | 2017-07 | 2020-06 | ANNUAL INTEREST ONLY WITH BALLOON PAYMENT | 2.500000000000 | NONE | INVESTMENT | $0 |
| RSF SOCIAL FINANCE | |||||||||
| NONE | $50,000 | $50,000 | 2018-06 | 2020-12 | 0.750000000000 | NONE | SOCIAL IMPACT INVESTMENT | $0 | |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTING & OUTSIDE SERVICES | $1,463 | $0 | $0 |
| INVESTMENT ADVISORY FEES | $207,271 | $207,271 | $0 |
| PAYROLL SERVICE FEES | $855 | $0 | $0 |
| IT SUPPORT | $944 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL TAXES | $17,512 | $0 | $8,382 |
| STATE TAXES | $11,467 | $0 | $0 |
| FEDERAL TAXES | $292,060 | $0 | $0 |
Transfers Frm Controlled Entities TransfersFrmControlledEntities
Transfers From Controlled Ent TransfersFromControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GENERAL GREENE INVESTMENT CO INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1400 BATTLEGROUND AVE STE 201 | AddressLine1Txt |
| City | GREENSBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27408 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 566029430 | EIN |
| Desc | OWNER DISTRIBUTION | Desc |
| Amt | $0 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $885,000 | TotalAmt |