OVATION FOUNDATION INC: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- OVATION FOUNDATION INC (EIN 03-0384292)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-13
- IRS object ID
- 201413179349100926
- Schema version
- 2013v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- General Explanation Attachment
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-13T10:44:31-08:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RONALD BLUE & CO CPAS & CONSULTANTS LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 RiverEdge Pkwy Ste 1100 | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 30328 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | 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 | BusinessNameLine1 |
| Business Name Line2 | co Ronald Blue & Co LLC - TABS | BusinessNameLine2 |
| 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 | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 30328 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Bruce Wilkinson | PersonNm |
| Person Title | Director/Pres | PersonTitleTxt |
| Signature | 2014-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | M Ellen Lucciola CPA | PreparerPersonNm |
| PTIN | P01420851 | PTIN |
| Phone | 7706440500 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $71,122 | 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 |
| Interest On Sav Rev And Expnss | $7 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $7 | InterestOnSavNetInvstIncmAmt |
| Other Income Rev And Expnss | $26,683 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $26,683 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $26,690 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $26,690 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $29,167 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $2,900 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $20,125 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,938 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Chrtbl Prps | $2,027 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $12,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $8,280 | OtherProfFeesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $25,715 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $17,743 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $164,989 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $8,413 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $234,809 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,900 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $56,588 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $29,500 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $29,500 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $264,309 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,900 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $86,088 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$237,619 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $23,790 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $306,095 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $4,299 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $4,299 | SavAndTempCashInvstEOYFMVAmt |
| Other Assets EOY | $66,823 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $66,823 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $306,095 | TotalAssetsBOYAmt |
| Total Assets EOY | $71,122 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $71,122 | TotalAssetsEOYFMVAmt |
| Loans From Officers BOY | $25,491 | LoansFromOfficersBOYAmt |
| Loans From Officers EOY | $42,047 | LoansFromOfficersEOYAmt |
| Mortgages And Notes Payable BOY | $18,781 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $6,281 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $1,410 | OtherLiabilitiesBOYAmt |
| Total Liabilities BOY | $45,682 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $48,328 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $260,413 | RetainedEarningBOYAmt |
| Retained Earning EOY | $22,794 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $260,413 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $22,794 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $306,095 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $71,122 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $260,413 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$237,619 | ExcessRevenueOverExpensesAmt |
| Subtotal | $22,794 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $22,794 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $102,220 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $187,036 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.54653 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $40,133 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $13,165 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 3.04846 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $21,317 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $8,344 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 2.55477 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $194,989 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $7,965 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 24.48073 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $63,583 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $21,637 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 2.93862 | DistributionYr5Rt |
| Total Distribution | 33.56911 | TotalDistributionRt |
| Average Distribution | 6.71382 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $68,892 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $462,529 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $238 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $462,767 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $86,088 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $476 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $476 | SubtotalAmt |
| Tax Based On Investment Income | $476 | TaxBasedOnInvestmentIncomeAmt |
| Tax Due | $476 | TaxDueAmt |
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 | BusinessNameLine1 |
| 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 | AddressLine1 |
| City | Atlanta | City |
| State | GA | State |
| ZIP Code | 30328 | ZIPCode |
| 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | Yes (true) | 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/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Bruce Wilkinson | ||||||
| 2100 RiverEdge Pkwy Ste 1100 | Atlanta | GA | 30328 | Director/Pres | 40.00 | $29,167 |
| 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 | $69,941 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $69,941 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $69,941 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,049 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $68,892 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,445 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,445 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $476 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $476 | TotalTaxAmt |
| Distributable Before Adj | $2,969 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,969 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,969 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $86,088 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $86,088 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $86,088 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,969 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $62,963 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $195,127 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $21,317 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $39,475 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $93,529 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $412,411 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $86,088 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,969 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $83,119 | RemainingDistriFromCorpusAmt |
| Total Corpus | $495,530 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $62,963 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $432,567 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $195,127 | ExcessFromYear4Amt |
| Excess From Year3 | $21,317 | ExcessFromYear3Amt |
| Excess From Year2 | $39,475 | ExcessFromYear2Amt |
| Excess From Year1 | $93,529 | ExcessFromYear1Amt |
| Excess From Current Year | $83,119 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Bruce Wilkinson | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Pregnancy Crisis Center | |||||||
| 718 Shoshone St E | Twin Falls | ID | 83303 | UNRELATED | 501C 3 | general support | $2,500 |
| Whispering Hope | |||||||
| 133 Samaritan Drive | Cumming | GA | 30040 | UNRELATED | 501C 3 | general support | $2,500 |
| Alpha Pregnancy Center | |||||||
| 4751 East Moody Blvd Ste 5 | bunnell | FL | 32110 | UNRELATED | 501C 3 | General Support | $2,500 |
| Dahlonega Care Center | |||||||
| 353 North Grove Street | Dahlonega | GA | 30533 | UNRELATED | 501C 3 | general support | $2,500 |
| Pregnancy Care of Charlotte | |||||||
| 1505 E 4th St | Charlotte | NC | 28204 | UNRELATED | 501C 3 | general support | $12,000 |
| AWC Pregnancy Resource Center | |||||||
| 103 broadway | revere | MA | 02151 | UNRELATED | 501C 3 | general support | $2,500 |
| first choice women's center | |||||||
| 51 n 5th ave | arcadia | CA | 91006 | UNRELATED | 501C 3 | general support | $2,500 |
| heartline pregnancy center | |||||||
| 1515 provident dr | warsaw | IN | 46580 | UNRELATED | 501C 3 | general support | $2,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $29,500 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROYALTIES | Desc |
| Exclusion | 15 | ExclusionCd |
| Exclusion | $26,683 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $26,690 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $26,690 | 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 | $2,938 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,027 | 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 |
| 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 |
| EOY Book Value | $66,823 | EOYBookValueAmt |
| EOYFMV | $66,823 | EOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| BANK CHARGES | $125 | $86 |
| Contract Labor | $1,500 | $1,035 |
| EVENT/MEETINGS | $10,234 | $7,061 |
| LICENSE & PERMITS | $30 | $21 |
| MEALS | $224 | $155 |
| POSTAGE & DELIVERY | $79 | $55 |
| SERVICE AGREEMENT - BENEFITS | $3,908 | |
| SERVICE AGREEMENT - COMMUNICATIONS | $1,000 | |
| SERVICE AGREEMENT - CONTRACT LABOR | $28,334 | |
| SERVICE AGREEMENT - CURRICULUM | $68,195 | |
| SERVICE AGREEMENT - PAYROLL TAXES | $2,980 | |
| Service Agreement - Rent | $3,300 | |
| SERVICE AGREEMENT - SALARY | $30,417 | |
| SERVICE AGREEMENT - TRAVEL | $14,663 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROYALTIES | Desc |
| Revenue And Expenses Per Books | $26,683 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $26,683 | 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 | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $8,280 | DisbursementsCharitablePrpsAmt |