LEONARD G HERRING FAMILY FOUNDATION INC: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- LEONARD G HERRING FAMILY FOUNDATION INC (EIN 56-1881015)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2025-09-25
- IRS object ID
- 202542689349100719
- Schema version
- 2022v5.0
- 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
- All Oth Prog Rltd Investments Sch
- Contractor Compensation Expln
- Depreciation Schedule
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-09-25T13:52:27-04:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Craig DeLucia | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5970 FAIRVIEW ROAD SUITE 705 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561881015 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE LEONARD G HERRING FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % A LEE HERRING II | InCareOfNm |
| Business Name Control | LEON | BusinessNameControlTxt |
| Phone | 3368387181 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 118 | AddressLine1Txt |
| City | WILKESBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | A LEE HERRING II | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3368387181 | PhoneNum |
| Signature | 2025-09-22 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Craig DeLucia | PreparerPersonNm |
| PTIN | P00738885 | PTIN |
| Phone | 7049548813 | PhoneNum |
| Preparation | 2025-09-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $26,449,635 | 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 | $2,687,122 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $14,119 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $883 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $418,506 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $418,506 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$204,135 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $4,447,208 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $15,231 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $12,682 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $2,930,843 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $432,071 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $29,092 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $14,546 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $14,546 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $212,888 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $96,197 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $116,691 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $391 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $391 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $33,519 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $8,519 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $3,366 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,366 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $279,256 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $123,019 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $131,237 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,738,450 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,738,450 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,017,706 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $123,019 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,869,687 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $913,137 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $309,052 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,191,963 | CashBOYAmt |
| Cash EOY | $689,639 | CashEOYAmt |
| Cash EOYFMV | $689,639 | CashEOYFMVAmt |
| Other Nts And Loans Rcvbl | $1,500,000 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $1,500,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $1,500,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Corporate Stock BOY | $546,219 | CorporateStockBOYAmt |
| Corporate Stock EOY | $722,060 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $644,788 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $20,924,675 | OtherAssetsBOYAmt |
| Other Assets EOY | $21,947,911 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $23,615,208 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $23,662,857 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,859,610 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $26,449,635 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $23,662,857 | RetainedEarningBOYAmt |
| Retained Earning EOY | $24,859,610 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $23,662,857 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $24,859,610 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $23,662,857 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $24,859,610 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $23,662,857 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $913,137 | ExcessRevenueOverExpensesAmt |
| Other Increases | $439,128 | OtherIncreasesAmt |
| Subtotal | $25,015,122 | SubtotalAmt |
| Other Decreases | $155,512 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $24,859,610 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (14 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SCHWAB #1215 GAINS/LOSSES | P | $3,798,812 | $4,161,598 | -$362,786 | -$362,786 |
| CAPITAL GAIN DISTRIBUTIONS | P | $4,453 | $4,453 | $4,453 | |
| SCHWAB #3005 GAINS/LOSSES | P | $432,330 | $473,766 | -$41,436 | -$41,436 |
| PASS-THRU: AG CS HOLDINGS FUND | P | $7,159 | $7,159 | $7,159 | |
| PASS-THRU: CHAMBERS ENERGY CAPITAL II | P | $20 | $20 | $20 | |
| PASS-THRU: COWEN HEALTHCARE INVESTMENTS III | P | $36,815 | $36,815 | $36,815 | |
| PASS-THRU: ENERGY INNOVATION CAPITAL | P | $4,664 | $4,664 | $4,664 | |
| PASS-THRU: FULCRUM GROWTH FUND III | P | $100,294 | $100,294 | $100,294 | |
| PASS-THRU: OAK STREET REAL ESTATE CAPITAL FUND IV | P | $31,701 | $31,701 | $31,701 | |
| GSO CDCG III FEEDER TRUST LIQUIDATION | P | $275 | $275 | $275 | |
| KCL CAPITAL OFFSHORE FUND LIQUIDATION | P | $15,979 | -$15,979 | -$15,979 | |
| MORROCROFT SPECIAL OPP OFFSHORE FUND II LIQUIDATION | P | $2,684 | $2,684 | $2,684 | |
| PB STRATEGIC PARTNERS OFFSHORE FEEDER VI LIQUIDATION | P | $20,699 | $20,699 | $20,699 | |
| PASS-THRU: GSO SPECIAL SITUATIONS OVERSEAS FUND LTD | P | $7,302 | $7,302 | $7,302 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$204,135 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,296 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,296 | SubtotalAmt |
| Tax Based On Investment Income | $4,296 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $38,956 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $10,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $48,956 | TotalPaymentsAndCreditsAmt |
| Overpayment | $44,660 | OverpaymentAmt |
| Applied To ES Tax | $44,660 | 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 |
| 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 | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | A LEE HERRING II | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3368387181 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 118 | AddressLine1Txt |
| City | WILKESBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| 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 |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|
| SANDRA G HERRING | ||||||||
| PO BOX 118 | WILKESBORO | NC | 28697 | CHAIR/SECRETARY | 0.5 | $0 | $0 | $0 |
| A LEE HERRING II | ||||||||
| PO BOX 118 | WILKESBORO | NC | 28697 | PRESIDENT/TREASURER | 5.0 | $0 | $0 | $0 |
| CARSON G LUTCHANSKY | ||||||||
| PO BOX 118 | WILKESBORO | NC | 28697 | BOARD MEMBER/VICE CHAIR | 0.5 | $0 | $0 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BROWARD GROVE | |||||
| 5970 FAIRVIEW ROAD SUITE 705 | CHARLOTTE | NC | 28210 | MANAGEMENT FEES | $122,202 |
| PATHSTONE | |||||
| 1900 AVENUE OF THE STARS 970 | LOS ANGELES | CA | 90067 | ACCOUNTING FEES | $80,000 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $18,135,711 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,481,401 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $7,136,251 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $26,753,363 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $26,753,363 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $401,300 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,352,063 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,317,603 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,317,603 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,296 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,296 | TotalTaxAmt |
| Distributable Before Adj | $1,313,307 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,313,307 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,313,307 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,869,687 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,869,687 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,313,307 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,287,814 | UndistributedIncomePYAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,869,687 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,287,814 | AppliedToYear1Amt |
| Applied To Current Year | $581,873 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $731,434 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | A LEE HERRING II | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | A LEE HERRING II | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 118 | AddressLine1Txt |
| City | WILKESBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3368387181 | RecipientPhoneNum |
| Form And Info And Materials | WRITTEN COMMUNICATION | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | N/A | SubmissionDeadlinesTxt |
| Restrictions On Awards | N/A | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (33 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| FOCUSING PHILANTHROPY INC (PER SCHOLAS) | ||||||||
| 1637 16TH STREET | SANTA MONICA | CA | 90404 | N/A | PC | GENERAL SUPPORT | $200,000 | |
| WILKES COMMUNITY COLLEGE | ||||||||
| PO BOX 120 | WILKESBORO | NC | 28697 | N/A | PC | GENERAL SUPPORT | $104,000 | |
| WILKES COUNTY SCHOOLS | ||||||||
| 1248 SCHOOL STREET | WILKESBORO | NC | 28697 | N/A | PC | GENERAL SUPPORT | $45,000 | |
| BLUE RIDGE OPPORTUNITY COMMISSION INC | ||||||||
| 710 VETERANS DRIVE | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $40,000 | |
| FIRST UNITED METHODIST CHURCH | ||||||||
| PO BOX 1145 | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $40,000 | |
| WILKES RECOVERY REVOLUTION INC | ||||||||
| PO BOX 893 | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $30,000 | |
| UNITED WAY OF WILKES COUNTY INC | ||||||||
| 910 C STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $20,000 | |
| THE EDUCATIONAL FOUNDATION INC | ||||||||
| PO BOX 2446 | CHAPEL HILL | NC | 27515 | N/A | PC | GENERAL SUPPORT | $25,000 | |
| WILKES PLAYMAKERS INC | ||||||||
| 300 D STREET | NORTH WILKESBORO | NC | 25000 | N/A | PC | GENERAL SUPPORT | $11,000 | PO BOX 397 |
| WILKES ART GALLERY | ||||||||
| 913 C STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $25,000 | |
| HIGHER ED WORKS | ||||||||
| PO BOX 10463 | RALEIGH | NC | 27605 | N/A | PC | GENERAL SUPPORT | $20,000 | |
| DUKE UNIVERSITY | ||||||||
| BOX 90966 | DURHAM | NC | 27708 | N/A | PC | GENERAL SUPPORT | $10,000 | |
| OLD HICKORY COUNCIL | ||||||||
| 6600 SILAS CREEK PARKWAY | WINSTON SALEM | NC | 27106 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| SHRINERS HOSPITAL FOR CHILDREN | ||||||||
| 604 DOUG MAYES PLACE | CHARLOTTE | NC | 28262 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| CRAIG CHURCH MINISTRIES INC | ||||||||
| PO BOX 129 | PURLEAR | NC | 28665 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| WILKES MINISTRY OF HOPE | ||||||||
| 514 ELKIN HWY | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| YMCA OF GREATER CHARLOTTE | ||||||||
| 400 E MOREHEAD STREET | CHARLOTTE | NC | 28202 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| WILKES CIRCLES OF CARE INC | ||||||||
| PO BOX 1621 | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| THE ARK-ECHO MINISTRY | ||||||||
| PO BOX 102 | ELKIN | NC | 28621 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| WILKES COUNTY HALL OF FAME | ||||||||
| 613 CHERRY STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| WILKES COUNTY HEALTH DEPARTMENT | ||||||||
| 306 COLLEGE STREET | WILKESBORO | NC | 28697 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| WILKES LITERACY | ||||||||
| 910 C STREET BOX 3 | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $3,000 | SUITE 204 |
| AMERICAN CANCER SOCIETY | ||||||||
| 1901 BRUNSWICK AVE 100 | CHARLOTTE | NC | 28207 | N/A | PC | GENERAL SUPPORT | $3,000 | |
| NORTH WILKESBORO ROTARY CLUB SCHOLARSHIP FOUNDATIO | ||||||||
| 192 EAST MAGNOLIA ROAD | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $2,000 | |
| ALPHA SIGMA FOUNDATION | ||||||||
| PO BOX 876 | ITHACA | NY | 14851 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| CATHERINE H BARBER MEMORIAL SHELTER INC | ||||||||
| PO BOX 52 | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $100,000 | |
| MORAVIAN FALLS ELEMENTARY SCHOOL | ||||||||
| 2001 MORAVIAN FALLS ROAD | MORAVIAN FALLS | NC | 28654 | N/A | PC | GENERAL SUPPORT | $200 | |
| PIZZA TO THE POLLS | ||||||||
| 225 NE WYGANT ST | PORTLAND | OR | 97211 | N/A | PC | GENERAL SUPPORT | $250 | |
| WILKES ADAP | ||||||||
| 902 BOSTON AVENUE | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| WILKES COMMUNITY PARTNERSHIP FOR CHILDREN | ||||||||
| 1915 W PARK DRIVE | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $25,000 | |
| WILKES ECONOMIC DEVELOPMENT CORPORATION | ||||||||
| 213 NINTH STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| WILKES YOUTH LIFE DEVELOPMENT | ||||||||
| 1865 LITHIA SPRINGS RD | MORAVIAN FALLS | NC | 28654 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| NC TECH PATHS | ||||||||
| PO BOX 118 | WILKESBORO | NC | 28697 | N/A | PC | GENERAL SUPPORT | $900,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,738,450 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $432,625 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $2,549 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,838 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$204,135 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INCOME FROM PASS-THROUGHS | Desc |
| Business | 523930 | BusinessCd |
| Exclusion | $9,844 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $2,549 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $241,172 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $243,721 | 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 | INHERITED IRA OF ROZELIA S HERRING | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 118 | AddressLine1Txt |
| City | WILKESBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,687,122 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $29,092 | Amt |
| Net Investment Income | $14,546 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $14,546 | DisbursementsCharitablePrpsAmt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | N/A | Desc |
Contractor Compensation Expln ContractorCompensationExpln
Contractor Comp Expln ContractorCompExplnGrp (2 entries)
| ExplanationExplanationTxt |
|---|
| BROWARD GROVE |
| ACCOUNTING FEES |
| PATHSTONE |
| ACCOUNTING FEES |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| SCHWAB 1215 | $3,676 | $47,520 |
| SCHWAB 3005 | $718,384 | $597,268 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (32 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| SCHWAB 1215 - ETFS, INDEX FUND | $16,284,788 | $16,095,468 | $15,851,380 |
| SCHWAB 3005 - ETFS, INDEX FUND | $133,973 | $0 | $0 |
| AG ASSET BASED CREDIT FUND | $0 | $199,202 | $199,979 |
| AG CS HOLDINGS FUND | $585,228 | $741,537 | $797,745 |
| BRANFORD CASTLE FUND II | -$41,713 | $47,213 | $183,464 |
| BRIGHTWOOD CAPITAL FUND III-IN | $153,234 | $153,412 | $138,461 |
| BROOKWOOD CP INV CO-INV OFFSHO | $0 | $0 | $0 |
| CHAMBERS ENERGY CAPITAL II | $716,391 | $697,331 | $425,050 |
| COWEN HEALTHCARE INVESTMENTS 3 | $385,046 | $383,293 | $358,665 |
| ENERGY INNOVATION CAPITAL I LP | $332,973 | $350,501 | $577,506 |
| FULCRUM GROWTH FUND III QP LLC | $214,070 | $193,039 | $306,103 |
| FULCRUM GROWTH FUND IV, LLC | $129,388 | $243,586 | $313,192 |
| GSO CDCG III FEEDER TRUST &SUB | $4,167 | $0 | $0 |
| GSO SPECIAL SITUATIONS OVERSEA | $141,546 | $115,881 | $100,107 |
| HARBERT SENIORS HOUSING FUND 2 | $272,343 | $328,317 | $363,262 |
| INFINITY Q VOLATILITY ALPHA | $347,213 | $105,441 | $254,282 |
| KAYNE ANDERSON REAL ESTATE DEB | $110,099 | $146,930 | $148,159 |
| KCL CAPITAL OFFSHORE FUND, LTD | $40,180 | $0 | $0 |
| MORROCROFT SPECIAL OPP OFFSHOR | $0 | $0 | $0 |
| OAK STREET REAL ESTATE CAP III | $8,192 | $2,281 | $1,352 |
| OAK STREET REAL ESTATE CAP IV | $284,122 | $129,802 | $224,774 |
| PB STRATEGIC OFFSHORE FEED VI | $0 | $0 | $102,521 |
| POLYGON EUROPEAN EQUITY OPP | $307,140 | $327,545 | $467,792 |
| PONTIFAX GLOBAL FOOD & AG TECH | $116,162 | $207,025 | $214,403 |
| RIVERSIDE MICRO CAP VI, LP | $0 | $10,419 | $18,564 |
| SANDS CAPITAL GLOBAL INNOVATIO | $102,444 | $101,120 | $86,616 |
| SUMMIT PARTNERS | $300,000 | $300,000 | $225,278 |
| VECTOR CAPITAL CREDIT OP OFFSH | $0 | $0 | $0 |
| VENBIO SELECT FUND LTD | $0 | $0 | $1,173,210 |
| GOLUB CAPITAL PARTNERS INTERNA | $0 | $229,432 | $244,207 |
| RMCF VI AIV I, LP | -$2,311 | $0 | $0 |
| BLOCK 46 | $0 | $839,136 | $839,136 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONTRIBUTION TIMING DIFFERENCE | Desc |
| Amt | $155,512 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| BANK FEES | $329 | $329 |
| DUES & SUBSCRIPTIONS | $1,000 | $1,000 |
| TRAVEL | $2,037 | $2,037 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| MADOFF VICTIM FUND | $9,844 | $9,844 |
| INCOME FROM PASS-THROUGH | $5,387 | $2,838 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| K-1 TIMING DIFFERENCES | $159,994 |
| PRIOR YEAR CONTRIBUTION TIMING DIFFERENC | $279,134 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp
Borrower Name BorrowerNameGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC TECH PATHS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | N/A | InsiderRelationshipTxt |
| Loan Original | $1,500,000 | LoanOriginalAmt |
| Balance Due | $1,500,000 | BalanceDueAmt |
| Interest | 0 | InterestRt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| ADMIN EXPENSES FOR NC TECH PAT | $116,691 | $116,691 | |
| MANAGEMENT FEES | $96,197 | $96,197 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FOREIGN TAXES PAID | $8,519 | $8,519 |
| US TAX PAYMENTS | $25,000 |