H CLAY AND WAVIE M PRESNELL FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- H CLAY AND WAVIE M PRESNELL FOUNDATION (EIN 20-2007162)
- Tax period
- 2019-08-01 to 2020-07-31
- Filed
- 2020-09-30
- IRS object ID
- 202042749349100669
- 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
- Schedule B
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-09-30T12:56:13-07:00 | ReturnTs |
| Tax Period End | 2020-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | William R Huneycutt CPA PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 379 S Cox St | AddressLine1Txt |
| City | Asheboro | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202007162 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE H CLAY AND WAVIE M PRESNELL FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HCLA | BusinessNameControlTxt |
| Phone | 3364957865 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 234 | AddressLine1Txt |
| City | RANDLEMAN | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27317 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TAMMY WEBSTER | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3364957865 | PhoneNum |
| Signature | 2020-09-29 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | William R Huneycutt CPA | PreparerPersonNm |
| PTIN | P01563932 | PTIN |
| Phone | 3366269970 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 65.191.228.86 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-09-30 | IPDt |
| IP Tm | 12:55:52 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | A8563F66E6F6DE308B73054391FDD11C6EA6A3B0 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | A8563F66E6F6DE308B73054391FDD11C6EA6A3B0 | 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 | $2,425,830 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $129,681 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $39,922 | DividendsRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $35,658 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Gross Profit Rev And Expnss | $0 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $0 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $169,603 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $35,658 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $26,683 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $26,683 | CompOfcrDirTrstNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $0 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $2,450 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,450 | AccountingFeesNetInvstIncmAmt |
| Other Prof Fees Rev And Expnss | $0 | OtherProfFeesRevAndExpnssAmt |
| Taxes Rev And Expnss | $2,568 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,544 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $0 | DeprecAndDpltnRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $374 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $374 | TravConfMeetingNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $22,308 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $22,308 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $54,383 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $54,359 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $96,221 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $96,221 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $150,604 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $54,359 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $96,221 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $18,999 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $106,975 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $114,965 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $114,965 | SavAndTempCashInvstEOYFMVAmt |
| Rcvbl From Officers EOY | $0 | RcvblFromOfficersEOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Corporate Stock BOY | $1,692,909 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,739,576 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $2,310,865 | CorporateStockEOYFMVAmt |
| Land Bldg Investments EOY | $0 | LandBldgInvestmentsEOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Land EOY | $0 | LandEOYAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $1,799,884 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,854,541 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $2,425,830 | TotalAssetsEOYFMVAmt |
| Loans From Officers EOY | $0 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $1,799,884 | CapitalStockBOYAmt |
| Capital Stock EOY | $1,854,541 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,799,884 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,854,541 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,799,884 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,854,541 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,799,884 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $18,999 | ExcessRevenueOverExpensesAmt |
| Other Increases | $75,953 | OtherIncreasesAmt |
| Subtotal | $1,894,836 | SubtotalAmt |
| Other Decreases | $40,295 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,854,541 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | DepreciationDepreciationAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | FMV As Of123169FMVAsOf123169Amt | Adjusted Basis As Of123169AdjustedBasisAsOf123169Amt | Excess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MORGAN STANLEY INVESTMENT ACCOUNT - SHORT TERM | P | 2020-08-01 | 2020-07-31 | $751,572 | $0 | $791,867 | -$40,295 | $0 | $0 | $0 | -$40,295 |
| MORGAN STANLEY INVESTMENT ACCOUNT - LONG TERM | P | 2019-07-01 | 2020-07-31 | $548,849 | $0 | $484,665 | $64,184 | $0 | $0 | $0 | $64,184 |
| MORGAN STANLEY - RETURN OF CAPITAL | P | 2019-07-01 | 2020-07-31 | $11,769 | $0 | $0 | $11,769 | $0 | $0 | $0 | $11,769 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $35,658 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$40,295 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $100,500 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,966,421 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.051108 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $97,418 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,956,131 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.049801 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $99,040 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,811,971 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.054659 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $111,400 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,765,502 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.063098 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $92,810 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,938,848 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.047869 | DistributionYr5Rt |
| Total Distribution | 0.266535 | TotalDistributionRt |
| Average Distribution | 0.053307 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $2,048,317 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $109,190 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $0 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $109,190 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $96,221 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,640 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,640 | TotalPaymentsAndCreditsAmt |
| Original Return Overpayment | -$1,640 | OriginalReturnOverpaymentAmt |
| Overpayment | $1,640 | OverpaymentAmt |
| Applied To ES Tax | $1,640 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.presnellfoundation.org | WebsiteAddressTxt |
| Individual With Books | TAMMY L WEBSTER | IndividualWithBooksNm |
| Phone | 3364957865 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 234 | AddressLine1Txt |
| City | RANDLEMAN | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27317 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Undistr Incm Sect4942a2 Not App | Yes (true) | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
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 |
|---|---|---|---|---|---|---|---|---|
| KEVIN KESLER | ||||||||
| 4375 HAPPY HOLLOW ROAD | ASHEBORO | NC | 27205 | PRESIDENT | 1.00 | $0 | $0 | $0 |
| LINDA MCNEILL | ||||||||
| PO BOX 246 | SEAGROVE | NC | 27341 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| ROXANNE KESLER | ||||||||
| 4375 HAPPY HOLLOW ROAD | ASHEBORO | NC | 27205 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| TAMMY WEBSTER | ||||||||
| PO BOX 234 | RANDLEMAN | NC | 27317 | SECRETARY-TREASURER | 10.00 | $26,683 | $0 | $0 |
| BOB MASON | ||||||||
| 842 S COX STREET | ASHEBORO | NC | 27203 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,970,171 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $109,339 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,079,510 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $2,079,510 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $31,193 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,048,317 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $102,416 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $102,416 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $0 | TotalTaxAmt |
| Distributable Before Adj | $102,416 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $102,416 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $102,416 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $96,221 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $96,221 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $96,221 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $102,416 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $0 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $0 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $0 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $0 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $96,221 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $96,221 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $6,195 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $0 | ExcessFromYear4Amt |
| Excess From Year3 | $0 | ExcessFromYear3Amt |
| Excess From Year2 | $0 | ExcessFromYear2Amt |
| Excess From Year1 | $0 | ExcessFromYear1Amt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | TAMMY WEBSTER | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 234 | AddressLine1Txt |
| City | RANDLEMAN | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27317 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3364957865 | RecipientPhoneNum |
| Form And Info And Materials | SEE ATTACHMENT | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | SEE ATTACHMENT | SubmissionDeadlinesTxt |
| Restrictions On Awards | FOCUS ON RECREATIONAL, EDUCATIONAL, HEALTHCARE AND GOVERNMENTAL SERVICES IN RANDOLPH COUNTY. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| COMMUNITIES IN SCHOOLS | ||||||
| 1011 SUNSET AVENUE | ASHEBORO | NC | 27203 | NON-PROFIT | PROJECT | $2,000 |
| ASHEBORO SHELTER OF HOPE | ||||||
| PO BOX1851 | ASHEBORO | NC | 27204 | NON-PROFIT | PROJECT | $8,800 |
| GRAY CHAPEL ELEMENTARY SCHOOL | ||||||
| 5322 NC HWY 22N | FRANKLINVILLE | NC | 27248 | NON-PROFIT | PROJECT | $1,500 |
| HEROES HELPING HEROES | ||||||
| PO BOX 152 | PINNACLE | NC | 27043 | NONPROFIT | PROJECT | $5,000 |
| HOSPICE OF RANDOLPH | ||||||
| 416 VISION DRIVE | ASHEBORO | NC | 27203 | NONPROFIT | PROJECT | $14,336 |
| MIDWAY WESLEYAN CHURCH | ||||||
| 331 WORTHVILLE ROAD | RANDLEMAN | NC | 27317 | NONPROFIT | PROJECT | $1,000 |
| RANDOLPH COUNTY SHERIFF'S OFFICE | ||||||
| 727 MCDOWELL ROAD | ASHEBORO | NC | 27203 | NONPROFIT | PROJECT | $24,285 |
| SEAGROVE ELEMENTARY SCHOOL PTO | ||||||
| 528 OLD PLANK ROAD | SEAGROVE | NC | 27341 | NONPROFIT | PROJECT | $29,300 |
| (no name) | ||||||
| $0 | ||||||
| (no name) | ||||||
| $0 | ||||||
| (no name) | ||||||
| $0 | ||||||
| (no name) | ||||||
| $0 | ||||||
| (no name) | ||||||
| $0 | ||||||
| BOYS AND GIRLS CLUB OF HP (ASHEBORO) | ||||||
| PO BOX 2834 | HIGH POINT | NC | 27261 | NONPROFIT | GENERAL OPERATING SUPPORT | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $96,221 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 611110 | BusinessCd |
| Unrelated Business Taxbl Incm | $39,922 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $39,922 | UnrelatedBusinessTaxblIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $39,922 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | WAVIE M PRESNELL REVOCABLE TRUST | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POST OFFICE BOX 250 | AddressLine1Txt |
| City | SEAGROVE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27341 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $129,681 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | WILLIAM HUNEYCUTT, CPA TAX PREPARATION | CategoryTxt |
| Amt | $2,450 | Amt |
| Net Investment Income | $2,450 | NetInvestmentIncomeAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PAGE 4 - PART VII-A - LINE 10 | FormAndLineReferenceDesc |
| Medium Explanation | WAVIE M PRESNELL REVOCABLE TRUSTWAVIE M PRESNELL REVOCABLE TRUSTWAVIE M PRESNELL REVOCABLE TRUST | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MORGAN STANLEY INVESTMENT ACCOUNT | $1,032,447 | $1,456,801 |
| MORGAN STANLEY INVESTMENT ACCOUNT | $496,493 | $552,210 |
| MORGAN STANLEY INVESTMENT ACCOUNT | $210,636 | $301,854 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL LOSS | Desc |
| Amt | $40,295 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INVESTMENT FEES | $21,654 | $21,654 |
| OFFICE | $108 | $108 |
| DUES | $256 | $256 |
| FEES | $103 | $103 |
| WEBSITE | $58 | $58 |
| MISCELLANEOUS | $129 | $129 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL GAINS AND RETURN OF PRINCIPLE/CAPITAL | Desc |
| Amt | $75,953 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAXES | $524 | $524 |
| PAYROLL TAXES | $2,044 | $2,020 |