JACK AND CAROLYN FERGUSON CHARITABLE FOUNDATION: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- JACK AND CAROLYN FERGUSON CHARITABLE FOUNDATION (EIN 20-0450986)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-08-17
- IRS object ID
- 201502299349101255
- 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
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-08-17T16:04:16-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561169449 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOHNSON PRICE & SPRINKLE PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8385 | AddressLine1Txt |
| City | ASHEVILLE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 288148385 | 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 | 200450986 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACK AND CAROLYN FERGUSON CHARITABLE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JACK | BusinessNameControlTxt |
| Phone | 8286671418 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 71 BEAVERDAM ROAD | AddressLine1Txt |
| City | CANDLER | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28715 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JACK FERGUSON | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 8286671418 | PhoneNum |
| Signature | 2015-08-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HAROLD H HUGHES JR | PreparerPersonNm |
| PTIN | P00146041 | PTIN |
| Phone | 8282542374 | PhoneNum |
| Preparation | 2015-08-13 | PreparationDt |
| 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 | $3,965,933 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $1,681 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,681 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $122,889 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $122,889 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$112,662 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $987,210 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $23,006 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $23,006 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $34,914 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $147,576 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $60,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $30,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $30,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $11,180 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $10,621 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $559 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $69 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $66 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $3 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $140 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $133 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $7 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $71,389 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $40,820 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $30,569 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $329,850 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $329,850 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $401,239 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $40,820 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $360,419 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$366,325 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $106,756 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $35,500 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $98,286 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $98,286 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $8,560 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $929 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $929 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $522,241 | CorporateStockBOYAmt |
| Corporate Stock EOY | $322,423 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $605,226 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $4,548,307 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,324,823 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,260,122 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,370 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $1,370 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $5,114,608 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,747,831 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $3,965,933 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $508 | AccountsPayableEOYAmt |
| Deferred Revenue BOY | $44,093 | DeferredRevenueBOYAmt |
| Deferred Revenue EOY | $44,093 | DeferredRevenueEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $133 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $44,093 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $44,734 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $5,070,515 | RetainedEarningBOYAmt |
| Retained Earning EOY | $4,703,097 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $5,070,515 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,703,097 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,114,608 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,747,831 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $5,070,515 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$366,325 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $4,704,190 | SubtotalAmt |
| Other Decreases | $1,093 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,703,097 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| 1231 LOSS | P | $40 | $40 | $40 | |
| SECURITIES | P | $986,295 | -$113,577 | -$113,577 | $1,099,872 |
| CAPITAL GAINS DIVIDENDS | P | $875 | $875 | $875 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$112,662 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $585,337 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $4,155,544 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.140857 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $176,975 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $5,539,829 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.031946 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $351,290 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $5,700,972 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.061619 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $405,760 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $6,946,135 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.058415 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $763,334 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $7,882,906 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.096834 | DistributionYr5Rt |
| Total Distribution | 0.389671 | TotalDistributionRt |
| Average Distribution | 0.077934 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $4,070,183 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $317,206 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $1,068 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $318,274 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $360,419 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $1,068 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $1,068 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $1,068 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $800 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $1,197 | AppliedToEsTaxAmt |
| Total Payments And Credits | $1,997 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $929 | OverpaymentAmt |
| Applied To ES Tax | $929 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NC | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACK FERGUSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8286671418 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 71 BEAVERDAM ROAD | AddressLine1Txt |
| City | CANDLER | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28715 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 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 |
|---|---|---|---|---|---|---|---|---|
| JACK R FERGUSON | ||||||||
| 71 BEAVERDAM ROAD | CANDLER | NC | 28715 | PRESIDENT | 7.00 | $0 | $0 | $0 |
| CAROLYN H FERGUSON | ||||||||
| 71 BEAVERDAM ROAD | CANDLER | NC | 28715 | SECRETARY | 7.00 | $0 | $0 | $0 |
| CAROLYN RENEA BENNETT | ||||||||
| 116 YOUNG DRIVE | CANDLER | NC | 28715 | DIRECTOR | 3.00 | $12,000 | $0 | $0 |
| ELIZABETH JONEL KINSER | ||||||||
| 1924 WATERFORD VILLAGE DRIVE | CLEMMONS | NC | 27012 | DIRECTOR | 3.00 | $12,000 | $0 | $0 |
| ROBIN JACK FERGUSON | ||||||||
| 75 FAIRMONT ROAD | CANDLER | NC | 28715 | DIRECTOR | 3.00 | $12,000 | $0 | $0 |
| STEVEN RAY FERGUSON | ||||||||
| 89 FAIRMONT ROAD | CANDLER | NC | 28715 | DIRECTOR | 3.00 | $12,000 | $0 | $0 |
| CHRIS WELLS | ||||||||
| 109 BLOCK HOUSE ROAD | GREENVILLE | SC | 29615 | DIRECTOR | 1.00 | $12,000 | $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 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $795,861 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $76,182 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,260,122 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,132,165 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $4,132,165 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $61,982 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,070,183 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $203,509 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $203,509 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,068 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $171 | IncomeTaxAmt |
| Total Tax | $1,239 | TotalTaxAmt |
| Distributable Before Adj | $202,270 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $202,270 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $202,270 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $360,419 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $360,419 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $1,068 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $359,351 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $202,270 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $370,215 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $65,538 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $76,500 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $379,122 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $891,375 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $360,419 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $202,270 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $158,149 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,049,524 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $370,215 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $679,309 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $65,538 | ExcessFromYear4Amt |
| Excess From Year3 | $76,500 | ExcessFromYear3Amt |
| Excess From Year1 | $379,122 | ExcessFromYear1Amt |
| Excess From Current Year | $158,149 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JACK R FERGUSON | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ABCCM HOMINY VALLEY | |||||||
| 155 CANDLER SCHOOL RD | CANDLER | NC | 28715 | N/A | N/A | GENERAL DONATION | $55,000 |
| BLACK MOUNTAIN HOME FOR CHILDREN | |||||||
| 80 LAKE EDEN ROAD | BLACK MOUNTAIN | NC | 28711 | N/A | N/A | GENERAL DONATION | $5,000 |
| DAY STAY HBC INC | |||||||
| 135 CANDLER SCHOOL ROAD | CANDLER | NC | 28715 | N/A | N/A | DAYSTAY PROGRAM | $16,800 |
| EBLEN CHARITIES | |||||||
| 50 WESTGATE PARKWAY | ASHEVILLE | NC | 28806 | N/A | N/A | GENERAL DONATION | $25,000 |
| ENKA HIGH SCHOOL | |||||||
| 475 ENKA LAKE RD | ASHEVILLE | NC | 28715 | N/A | N/A | MATH/SCIENCE TEXTBOOK DONATION | $30,000 |
| MISSION FOUNDATION | |||||||
| PO BOX 5363 | ASHEVILLE | NC | 28813 | N/A | N/A | GENERAL DONATION | $130,000 |
| RIDE FOR KIDS | |||||||
| 775 BOYLSTON HWY | FLETCHER | NC | 28732 | N/A | N/A | GENERAL DONATION | $15,000 |
| SEARCH DOG FOUNDATION | |||||||
| 501 EAST OJAI AVENUE | OJAI | CA | 93023 | N/A | N/A | GENERAL DONATION | $20,000 |
| CARE PARTNERS HOSPICE FOUNDATION | |||||||
| PO BOX 25338 | ASHEVILLE | NC | 28813 | N/A | N/A | GENERAL DONATION | $10,000 |
| BAPTIST CHILDREN'S HOMES OF NORTH CAROLINA INC | |||||||
| PO BOX 338 | THOMASVILLE | NC | 27361 | N/A | N/A | GENERAL DONATION | $1,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL | |||||||
| 501 ST JUDE PLACE | MEMPHIS | TN | 381051942 | N/A | N/A | GENERAL DONATION | $10,000 |
| MEALS ON WHEELS | |||||||
| 146 VICTORIA ROAD | CANDLER | NC | 28715 | N/A | N/A | GENERAL DONATION | $1,800 |
| MARS HILL UNIVERSITY | |||||||
| 100 ATHLETIC ST | MARS HILL | NC | 28754 | N/A | N/A | GENERAL DONATION | $10,250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $329,850 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,681 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $122,889 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $9,693 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | -$112,662 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt |
|---|---|---|---|
| MACQUARIE EQUIPMENT K-1 | 14 | -$2,474 | |
| ICON FUND 15 | 14 | $3,318 | |
| TERRA SECURED INCOME FUND | 14 | $7,437 | |
| OTHER | 14 | $5,032 | $0 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $34,914 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $34,914 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING & TAX PREP | CategoryTxt |
| Amt | $11,180 | Amt |
| Net Investment Income | $10,621 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $559 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| LOWES STOCK | $180,928 | $481,600 |
| COMMUNITY BANCORP | $16,503 | $2,863 |
| SURREY BANCORP | $3,851 | $7,700 |
| REYNOLDS AMERICAN INC | $0 | $0 |
| ALTRIA GROUP INC | $0 | $0 |
| DUKE ENERGY CORP | $0 | $0 |
| AT&T INC | $95,105 | $87,334 |
| VERIZON COMMUNICATIONS | $26,036 | $25,729 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (16 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| FRANKLIN SQUARE DEBT INSTRUMENT | AT COST | $421,073 | $422,355 |
| COLUMBIA PROPERTY TRUST | AT COST | $0 | $0 |
| MACQUARIE EQUPMENT LEASING FUND | AT COST | $146,211 | $155,020 |
| HARTFORD INSURANCE 1955316 | AT COST | $2,478,041 | $1,449,373 |
| ICON CAPITAL CORP | AT COST | $36,835 | $36,835 |
| NEW YORK MTG | AT COST | $0 | $0 |
| PIMCO HIGH INCOME FUND | AT COST | $0 | $0 |
| ALLIANZGI CONV & INCOME FUND | AT COST | $31,305 | $30,144 |
| APOLLO INVESTMENT CORP | AT COST | $30,781 | $26,712 |
| NORTHSTAR REALTY | AT COST | $28,012 | $31,960 |
| GRIFFIN CAPITAL REIT | AT COST | $200,000 | $202,335 |
| CARTER VALIDUS REIT | AT COST | $250,000 | $250,000 |
| STEADFAST INCOME REIT | AT COST | $200,000 | $200,000 |
| MAINSTAY CUSHING ROYAL ENERGY | AT COST | $106,131 | $64,264 |
| CORPORATE CAPITAL TRUST | AT COST | $200,000 | $194,690 |
| TERRA SECURED INCOME FUND | AT COST | $196,434 | $196,434 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DIVIDENDS RECEIVABLE | Desc |
| EOY Book Value | $1,370 | EOYBookValueAmt |
| EOYFMV | $1,370 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL INCOME TAX | Desc |
| Amt | $1,093 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BANK FEES | Desc |
| Revenue And Expenses Per Books | $140 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $133 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $7 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| NON DIVIDEND DISTRIBUTIONS | $9,693 | $9,693 | $9,693 |
| MACQUARIE EQUIPMENT K-1 | -$2,474 | -$2,474 | -$2,474 |
| ICON FUND 15 | $3,318 | $3,318 | $3,318 |
| TERRA SECURED INCOME FUND | $7,437 | $7,437 | $7,437 |
| OTHER | $5,032 | $5,032 | $5,032 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER LIBAILITIES | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $133 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | STATE TAXES | CategoryTxt |
| Amt | $69 | Amt |
| Net Investment Income | $66 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3 | DisbursementsCharitablePrpsAmt |