LEONARD G HERRING FAMILY FOUNDATION INC: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- LEONARD G HERRING FAMILY FOUNDATION INC (EIN 56-1881015)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202543219349105159
- Schema version
- 2024v5.2
- 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
- All Oth Prog Rltd Investments Sch
- Contractor Compensation Expln
- Depreciation Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T13:30:26-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BGTMS LLC | 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 | 2024-01-01 | 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 | 2025-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CRAIG DELUCIA | PreparerPersonNm |
| PTIN | P00738885 | PTIN |
| Phone | 7049548813 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $28,616,700 | 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 | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $84,101 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $84,101 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $572,895 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $572,895 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $423,232 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,880,928 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $423,232 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,011 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,011 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,081,239 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,081,239 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $7,231 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $3,616 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,615 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $137,082 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $105,519 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $31,563 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $45,634 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $9,438 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $36,196 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $25,275 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $4,409 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,272 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $2,137 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $219,631 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $120,845 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $73,511 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,289,824 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,289,824 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,509,455 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $120,845 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,363,335 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$428,216 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $960,394 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $734,929 | CashBOYAmt |
| Cash EOY | $3,787,577 | CashEOYAmt |
| Cash EOYFMV | $3,787,577 | CashEOYFMVAmt |
| Other Nts And Loans Rcvbl | $0 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $2,062,455 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $0 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $0 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Other Assets BOY | $21,144,597 | OtherAssetsBOYAmt |
| Other Assets EOY | $19,360,733 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $24,829,123 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $23,941,981 | TotalAssetsBOYAmt |
| Total Assets EOY | $23,148,310 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $28,616,700 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $23,941,981 | RetainedEarningBOYAmt |
| Retained Earning EOY | $23,148,310 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $23,941,981 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $23,148,310 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $23,941,981 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $23,148,310 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $23,941,981 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$428,216 | ExcessRevenueOverExpensesAmt |
| Subtotal | $23,513,765 | SubtotalAmt |
| Other Decreases | $365,455 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $23,148,310 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SCHWAB #3005 GAINS/LOSSES | P | $1,623,500 | $1,571,404 | $52,096 | $52,096 |
| SCHWAB #1215 GAINS/LOSSES | P | $4,909,192 | $4,866,769 | $42,423 | $42,423 |
| BRANFORD FILTRATION BLOCKER HOLDINGS | P | $249,096 | $0 | $249,096 | $249,096 |
| ENERGY INNOVATION CAPITAL I LP | P | $0 | $5,877 | -$5,877 | -$5,877 |
| FULCRUM GROWTH FUND III | P | $0 | $13,646 | -$13,646 | -$13,646 |
| FULCRUM GROWTH FUND IV | P | $58,980 | $0 | $58,980 | $58,980 |
| KAYNE ANDERSON REAL ESTATE DEBT IV | P | $66 | $0 | $66 | $66 |
| BLUE OWL REAL ESTATE FUND IV | P | $341 | $0 | $341 | $341 |
| SUMMIT PARTNERS | P | $4,333 | $0 | $4,333 | $4,333 |
| VENBIO SELECT FUND, LTD | P | $35,332 | $35,332 | $35,332 | |
| GOLUB CAPITAL PARTNERS INTL 14 | P | $20 | $0 | $20 | $20 |
| GSO SPECIAL SITUATIONS OVERSEAS FUND | P | $68 | $0 | $68 | $68 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $423,232 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $13,349 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $13,349 | SubtotalAmt |
| Tax Based On Investment Income | $13,349 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $59,164 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $59,164 | TotalPaymentsAndCreditsAmt |
| Overpayment | $45,815 | OverpaymentAmt |
| Applied To ES Tax | $15,815 | AppliedToESTaxAmt |
| Refund | $30,000 | RefundAmt |
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 (3 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 | $63,126 |
| BROWARD GROVE | |||||
| 5970 FAIRVIEW ROAD SUITE 705 | CHARLOTTE | NC | 28210 | MANAGEMENT FEES | $29,158 |
| PATHSTONE | |||||
| 3344 PEACHTREE ROAD SUITE 1550 | ATLANTA | GA | 30326 | MANAGEMENT FEES | $73,957 |
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 | $16,759,717 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,039,687 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $8,919,040 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $26,718,444 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $26,718,444 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $400,777 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $26,317,667 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,315,883 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,315,883 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $13,349 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $13,349 | TotalTaxAmt |
| Distributable Before Adj | $1,302,534 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,302,534 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,302,534 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,363,335 | 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 | $1,363,335 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,302,534 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $362,716 | UndistributedIncomePYAmt |
| Prior Year1 | 2022 | PriorYear1Yr |
| Prior Year2 | 2021 | PriorYear2Yr |
| Prior Year3 | 2020 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,363,335 | QualifyingDistributionsAmt |
| Applied To Year1 | $362,716 | AppliedToYear1Amt |
| Applied To Current Year | $1,000,619 | 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 | $301,915 | 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 (40 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| WILKES COMMUNITY COLLEGE | ||||||||
| PO BOX 120 | WILKESBORO | NC | 28697 | N/A | PC | GENERAL SUPPORT | $245,750 | |
| WILKES COUNTY SCHOOLS | ||||||||
| 1248 SCHOOL STREET | WILKESBORO | NC | 28697 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| BLUE RIDGE OPPORTUNITY COMMISSION INC | ||||||||
| 710 VETERANS DRIVE | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $26,000 | |
| FIRST UNITED METHODIST CHURCH | ||||||||
| PO BOX 1145 | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $20,000 | |
| UNITED WAY OF WILKES COUNTY INC | ||||||||
| 910 C STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| WILKES PLAYMAKERS INC | ||||||||
| 300 D STREET | NORTH WILKESBORO | NC | 25000 | N/A | PC | GENERAL SUPPORT | $20,000 | PO BOX 397 |
| WILKES ART GALLERY | ||||||||
| 913 C STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $30,000 | |
| HIGHER ED WORKS | ||||||||
| PO BOX 10463 | RALEIGH | NC | 27605 | N/A | PC | GENERAL SUPPORT | $20,000 | |
| OLD HICKORY COUNCIL | ||||||||
| 6600 SILAS CREEK PARKWAY | WINSTON SALEM | NC | 27106 | N/A | PC | GENERAL SUPPORT | $115,000 | |
| 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 | |
| WILKES CIRCLES OF CARE INC | ||||||||
| PO BOX 1621 | NORTH WILKESBORO | NC | 28659 | 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 |
| NORTH WILKESBORO ROTARY CLUB SCHOLARSHIP FOUNDATIO | ||||||||
| 192 EAST MAGNOLIA ROAD | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $2,000 | |
| WILKES ADAP | ||||||||
| 902 BOSTON AVENUE | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| WILKES ECONOMIC DEVELOPMENT CORPORATION | ||||||||
| 213 NINTH STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $225,000 | |
| WILKES YOUTH LIFE DEVELOPMENT | ||||||||
| 1865 LITHIA SPRINGS RD | MORAVIAN FALLS | NC | 28654 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| YMCA OF NORTHWEST NORTH CAROLINA | ||||||||
| 301 N MAIN STREET | WINSTON SALEM | NC | 27101 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| CARENET COUNSELING OF WILKES INC | ||||||||
| 204 JEFFERSON STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $10,000 | |
| CARRIAGE HOUSE CHILDREN'S CENTER INC | ||||||||
| 5604 SOLWAY STREET | PITTSBURGH | PA | 15217 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| CHILD ABUSE PREVENTION TEAMOUR HOUSE | ||||||||
| 203 EAST MAIN STREET | WILKESBORO | NC | 28697 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| CHILDREN'S HOPE ALLIANCE | ||||||||
| 194 BARIUM SPRINGS DRIVE | STATESVILLE | NC | 28677 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| DRAGON'S DEN | ||||||||
| 1008 AMITY STREET | HOMESTEAD | PA | 15120 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| DREAMS OF HOPE | ||||||||
| PO BOX 4912 | PITTSBURGH | PA | 15206 | N/A | PC | GENERAL SUPPORT | $12,500 | |
| GREATER PITTSBURGH COMMUNITY FOOD BANK | ||||||||
| 1 N LINDEN STREET | DUQUESNE | PA | 15110 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| POOR YORICK'S PLAYERS | ||||||||
| 1243 CATALINA DRIVE | MONROEVILLE | PA | 15146 | N/A | PC | GENERAL SUPPORT | $500 | |
| PROJECT LAZARUS BY COASTLANDS MINISTRIES | ||||||||
| 503 C STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| SAMARITAN CHRISTIAN MINISTRY OF WILKES | ||||||||
| PO BOX 1072 | WILKESBORO | NC | 28697 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| SWEET BRIAR COLLEGE | ||||||||
| PO BOX 1057 | SWEET BRIAR | VA | 24595 | N/A | NC | GENERAL SUPPORT | $50,074 | |
| THE HEALTH FOUNDATION INC | ||||||||
| 1503 W D STREET | NORTH WILKESBORO | NC | 28697 | N/A | PC | GENERAL SUPPORT | $7,000 | |
| UNION PROJECT | ||||||||
| 801 N NEGLEY AVENUE | PITTSBURGH | PA | 15206 | N/A | PC | GENERAL SUPPORT | $1,000 | |
| WILKES COUNTY LIBRARY | ||||||||
| 215 10TH STREET | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $60,000 | |
| WILKES PARTNERSHIP FOR CHILDREN | ||||||||
| 1915 WEST PARK DRIVE | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $230,000 | SUITE 107 |
| WILKES PRISON MINISTRY | ||||||||
| PO BOX 253 | NORTH WILKESBORO | NC | 28659 | N/A | PC | GENERAL SUPPORT | $5,000 | |
| WINCHESTER THURSTON SCHOOL | ||||||||
| 555 MOREWOOD AVENUE | PITTSBURGH | PA | 15213 | N/A | PC | GENERAL SUPPORT | $1,000 | |
| YMCA OF GREATER CHARLOTTE | ||||||||
| 400 EAST MOREHEAD AVE | CHARLOTTE | NC | 28202 | N/A | PC | GENERAL SUPPORT | $15,000 | |
| YMCA OF GREATER PITTSBURGH | ||||||||
| 680 ANDERSEN DRIVE | PITTSBURGH | PA | 15220 | N/A | PC | GENERAL SUPPORT | $1,000 | SUITE 400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,289,824 | 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 | $656,996 | 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 |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $423,232 | 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 | OTHER INVESTMENT INCOME | Desc |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,011 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,081,239 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,081,239 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $137,082 | Amt |
| Net Investment Income | $105,519 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $31,563 | 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 (3 entries)
| ExplanationExplanationTxt |
|---|
| BROWARD GROVE |
| ACCOUNTING FEES |
| BROWARD GROVE |
| PHILANTHROPIC EXPENSES ON BEHALF OF NC TECH PATHS |
| PATHSTONE |
| ACCOUNTING FEES |
Depreciation Schedule DepreciationSchedule
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Section 266 Carrying Costs Election | IdentifierTxt |
| Form And Line Reference | Sec. 266-1(b)(1)(i) | FormAndLineReferenceDesc |
| Medium Explanation | THE LEONARD G. HERRING FAMILY FOUNDATION IS ELECTING SUBJECT TO IRC SECTION 266-1(B)(1)(I) TO CAPITALIZE CARRYING COSTS RELATED TO THE POSSESSION OF BLOCK 46, A PARCEL OF LAND IN THE TOWN OF NORTH WILKESBORO, WILKES COUNTY, NORTH CAROLINA. THESE CAPITALIZED COSTS INCLUDE PROPERTY TAXES, INSURANCE AND LANDSCAPING COSTS. TOTAL COSTS CAPITALIZED: $16,225 | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm |
|---|
| SCHWAB 1215 |
| SCHWAB 3005 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $7,231 | LegalFeesAmt |
| Net Investment Income | $3,616 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,615 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (28 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| SCHWAB 1215 - ETFS, INDEX FUND | $13,733,921 | $12,923,338 | $15,910,083 |
| SCHWAB 3005 - ETFS, INDEX FUND | $1,176,164 | $0 | $0 |
| AG ASSET BASED CREDIT FUND | $276,237 | $387,076 | $385,423 |
| AG CS HOLDINGS FUND | $366,726 | $197,371 | $323,612 |
| BRANFORD CASTLE FUND II | $198,500 | $372,141 | $462,675 |
| BRIGHTWOOD CAPITAL FUND III-IN | $150,007 | $125,199 | $82,411 |
| CABOT INDUSTRIAL VALUE FUND VI | $68,484 | $274,470 | $246,354 |
| CHAMBERS ENERGY CAPITAL II | $678,797 | $653,726 | $289,973 |
| COWEN HEALTHCARE INVESTMENTS 3 | $370,014 | $362,260 | $205,342 |
| ENERGY INNOVATION CAPITAL I LP | $310,888 | $289,352 | $563,113 |
| FULCRUM GROWTH FUND III QP LLC | $179,471 | $164,665 | $344,830 |
| FULCRUM GROWTH FUND IV, LLC | $285,996 | $350,513 | $460,223 |
| GSO SPECIAL SITUATIONS OVERSEA | $87,640 | $72,558 | $62,558 |
| HARBERT SENIORS HOUSING FUND 2 | $396,454 | $380,993 | $734,784 |
| INFINITY Q VOLATILITY ALPHA | $106,587 | $112,646 | $265,956 |
| KAYNE ANDERSON REAL ESTATE DEB | $211,763 | $183,767 | $185,683 |
| OAK STREET REAL ESTATE CAP III | $2,093 | $1,853 | $911 |
| OAK STREET REAL ESTATE CAP IV | $99,923 | $96,784 | $152,985 |
| PB STRATEGIC OFFSHORE FEED VI | $0 | $11,983 | $59,524 |
| POLYGON EUROPEAN EQUITY OPP | $336,161 | $108,885 | $233,217 |
| PONTIFAX GLOBAL FOOD & AG TECH | $181,223 | $311,290 | $350,596 |
| SANDS CAPITAL GLOBAL INNOVATIO | $131,641 | $116,315 | $254,615 |
| SUMMIT PARTNERS | $300,000 | $324,231 | $335,005 |
| VENBIO SELECT FUND LTD | $0 | $35,332 | $1,364,157 |
| RIVERSIDE MICRO CAP VI-A, LP | $85,705 | $77,358 | $191,231 |
| GOLUB CAPITAL PARTNERS INTERNA | $322,133 | $322,343 | $277,746 |
| SANDS CAPITAL GLOBAL SIDECAR | $18,178 | $18,168 | $0 |
| BLOCK 46 | $1,069,891 | $1,086,116 | $1,086,116 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 TIMING DIFFERENCES | Desc |
| Amt | $365,455 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK FEES | $135 | $135 | |
| OTHER DEDUCTIONS | $4,274 | $2,137 | $2,137 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| CLASS ACTION LAWSUIT PAYMENT | $1,532 | $1,532 |
| INCOME FROM PASS-THROUGH | -$8,000 | -$8,000 |
| PAYMENTS FROM MERGER TRANSACTIONS | $7,452 | $7,452 |
| PAYMENTS IN LIEU OF - SCHWAB 3005 | $27 | $27 |
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 | $0 | 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 | $29,158 | $29,158 | |
| MANAGEMENT FEES | $16,476 | $7,038 | $9,438 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | US TAX PAYMENTS | CategoryTxt |
| Amt | $25,275 | Amt |