OVATION FOUNDATION INC: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- OVATION FOUNDATION INC (EIN 03-0384292)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-03-26
- IRS object ID
- 201500859349100705
- Schema version
- 2014v5.0
- 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
- Accounting Fees Schedule
- General Explanation Attachment
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-03-26T13:03:58-07:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RONALD BLUE & CO CPAS & CONSULTANTS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 RiverEdge Pkwy Ste 1100 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30328 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030384292 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ovation Foundation Inc | BusinessNameLine1Txt |
| Business Name Line2 | co Ronald Blue & Co LLC - TABS | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OVAT | BusinessNameControlTxt |
| Phone | 7706440500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 RiverEdge Parkway Ste 1100 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30328 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Bruce Wilkinson | PersonNm |
| Person Title | Director/Pres | PersonTitleTxt |
| Signature | 2014-03-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | M Ellen Lucciola | PreparerPersonNm |
| PTIN | P01420851 | PTIN |
| Phone | 7706440500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $91,993 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Other Income Rev And Expnss | $28,460 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $28,460 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $28,460 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $28,460 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $6,963 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,089 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,874 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $12,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $3,600 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $8,400 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $29 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $9 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $20 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $1,469 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,469 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $1,446 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $434 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,012 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $184 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $55 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $129 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $22,091 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $7,656 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $14,435 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $22,091 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $7,656 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $14,435 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $6,369 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $20,804 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $4,299 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $6,155 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $6,155 | SavAndTempCashInvstEOYFMVAmt |
| Other Assets BOY | $66,823 | OtherAssetsBOYAmt |
| Other Assets EOY | $85,838 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $85,838 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $71,122 | TotalAssetsBOYAmt |
| Total Assets EOY | $91,993 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $91,993 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $42,047 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $56,549 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $6,281 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $6,281 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $48,328 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $62,830 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $22,794 | RetainedEarningBOYAmt |
| Retained Earning EOY | $29,163 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $22,794 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $29,163 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $71,122 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $91,993 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $22,794 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $6,369 | ExcessRevenueOverExpensesAmt |
| Subtotal | $29,163 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $29,163 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $86,088 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $68,892 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 1.24961 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $102,220 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $187,036 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.54653 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $40,133 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $13,165 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 3.04846 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $21,317 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,344 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 2.55477 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $194,989 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $7,965 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 24.48073 | DistributionYr5Rt |
| Total Distribution | 31.88009 | TotalDistributionRt |
| Average Distribution | 6.37602 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $3,513 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $22,399 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $208 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $22,607 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $14,435 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $416 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $416 | SubtotalAmt |
| Tax Based On Investment Income | $416 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $500 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $500 | TotalPaymentsAndCreditsAmt |
| Overpayment | $84 | OverpaymentAmt |
| Applied To ES Tax | $84 | 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 | GA | 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 | Ellen Lucciola - Ron Blue & Co | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7706440500 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 RiverEdge Pkwy Ste 1100 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30328 | 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 | Yes (true) | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | 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 | false | UndistrIncmSect4942a2NotAppInd |
| Business Holdings | false | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 |
| Maintained Expenditure Rspns | false | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Proceeds Or Net Income | false | ProceedsOrNetIncomeInd |
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 |
|---|---|---|---|---|---|---|
| Bruce Wilkinson | ||||||
| 2100 RiverEdge Pkwy Ste 1100 | Atlanta | GA | 30328 | Director/Pres | 40.00 | $0 |
| Darlene Wilkinson | ||||||
| 2100 RiverEdge Pkwy Ste 1100 | Atlanta | GA | 30328 | Director | 0.00 | $0 |
| Jennifer Osuch | ||||||
| 2100 RiverEdge Pkwy Ste 1100 | Atlanta | GA | 30328 | Director | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,566 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,566 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $3,566 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $53 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,513 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $176 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $176 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $416 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $416 | TotalTaxAmt |
| Distributable Before Adj | $240 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $240 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $14,435 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $14,435 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $14,435 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $195,127 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $21,317 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $39,475 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $93,529 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $83,119 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $432,567 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $14,435 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $14,435 | RemainingDistriFromCorpusAmt |
| Total Corpus | $447,002 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $195,127 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $251,875 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $21,317 | ExcessFromYear4Amt |
| Excess From Year3 | $39,475 | ExcessFromYear3Amt |
| Excess From Year2 | $93,529 | ExcessFromYear2Amt |
| Excess From Year1 | $83,119 | ExcessFromYear1Amt |
| Excess From Current Year | $14,435 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Bruce Wilkinson | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROYALTIES | Desc |
| Exclusion | 15 | ExclusionCd |
| Exclusion | $28,460 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $28,460 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $28,460 | 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 | $6,963 | Amt |
| Net Investment Income | $2,089 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,874 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | General Explanation Supplemental Information for Form 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | PART VII-B, LINE 1(a)(2) and LINE 1(b)======================================At year end, the foundation had on its books a $6,281 loan from an S-corporation owned by a disqualified person. This demand loan was made at no interest and the proceeds were used to pay grants and operating expenses.As a result, this loan meets the exceptions to self-dealing under IRC 4941(a), and Form 4720 is not applicable in this situation.At year end, the foundation had on its books a $42,047 loan from an officer. This demand loan was made at no interest and the proceeds were used to pay grants and operating expenses.As a result, this loan meets the exceptions to self-dealing under IRC 4941(a), and Form 4720 is not applicable in this situation. | MediumExplanationTxt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $6,281 | MortgageAmt |
Note Payable NotePayableGrp
Lender Name LenderNameGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Exponential Inc | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Insider Relationship | S Corp; shareholder is Officer | InsiderRelationshipTxt |
| Loan Original | $50,000 | LoanOriginalAmt |
| Balance Due | $6,281 | BalanceDueAmt |
| Repayment Terms | Demand Loan | RepaymentTermsTxt |
| Security Provided Borrower | None | SecurityProvidedBorrowerTxt |
| Loan Purpose | Operating Expenses | LoanPurposeTxt |
| Lender Consideration | None | LenderConsiderationDesc |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Bridge to Jabez Movie | Desc |
| BOY Book Value | $66,823 | BOYBookValueAmt |
| EOY Book Value | $85,838 | EOYBookValueAmt |
| EOYFMV | $85,838 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| BANK CHARGES | $154 | $46 | $108 |
| LICENSE & PERMITS | $30 | $9 | $21 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROYALTIES | Desc |
| Revenue And Expenses Per Books | $28,460 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $28,460 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Amt | $12,000 | Amt |
| Net Investment Income | $3,600 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,400 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAX | CategoryTxt |
| Amt | $1,469 | Amt |
| Net Investment Income | $1,469 | NetInvestmentIncomeAmt |