SANDERS TECH-ED FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: SANDERS TECH-ED FOUNDATION (EIN 27-3420005)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-08-05
IRS object ID: 201322179349100222
Schema version: 2012v2.2
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
Schedule B
Gain Loss Sale Other Assets Sch
General Explanation Attachment
Liquidation Explanation Stmt
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-08-05T11:19:21-00:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	One Hollow Lane Suite 212	AddressLine1
City	Lake Success	City
State	NY	State
ZIP Code	11042	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	273420005	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Sanders Tech-Ed Foundation	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SAND	NameControl
Phone	8008391754	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	John D Sanders	Name
Title	President	Title
Date Signed	2013-08-05	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Jeffrey D Haskell	Name
Phone	8008391754	Phone
Date Prepared	2013-08-05	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	72517	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	86318	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	255	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	255	InterestOnSavingsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	-138	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	36180	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	15480	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	86435	TotalRevenueAndExpenses
Total Net Investment Income	15735	TotalNetInvestmentIncome
Taxes Rev And Expnss	104	TaxesRevAndExpnss
Other Expenses Rev And Expnss	4447	OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps	4447	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	4551	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	4447	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	45200	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	45200	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	49751	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	49647	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	36684	ExcessOfRevenueOverExpenses
Net Investment Income	15735	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	35833	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	72517	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	72517	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	35833	TotalAssetsBOY
Total Assets EOY	72517	TotalAssetsEOY
Total Assets EOYFMV	72517	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	35833	RetainedEarningsBOY
Retained Earnings EOY	72517	RetainedEarningsEOY
Total Net Assets BOY	35833	TotalNetAssetsBOY
Total Net Assets EOY	72517	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	35833	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	72517	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	35833	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	36684	ExcessOfRevenueOverExpenses
Subtotal	72517	Subtotal
Total Net Assets Fund Balances EOY	72517	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

Field	Value	IRS element (for citing)
Description Of Asset	Publicly-traded Securities	DescriptionOfAsset
Gross Sales Price	36180	GrossSalesPrice
Cost Or Other Basis	36318	CostOrOtherBasis
Gain Or Loss	15480	GainOrLoss
Gains Minus Excess Or Losses	15480	GainsMinusExcessOrLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	15480	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	39702	QualifyingDistributionsYear1
Noncharitable Assets Year1	42955	NoncharitableAssetsYear1
Distribution Ratio Year1	000.924270	DistributionRatioYear1
Qualifying Distributions Year2	4900	QualifyingDistributionsYear2
Noncharitable Assets Year2	7801	NoncharitableAssetsYear2
Distribution Ratio Year2	000.628125	DistributionRatioYear2
Total Distribution Ratio	001.552395	TotalDistributionRatio
Average Distribution Ratio	000.776198	AverageDistributionRatio
Net Noncharitable Assets	33715	NetNoncharitableAssets
Adjusted Noncharitable Assets	26170	AdjustedNoncharitableAssets
One Percent Net Investment Income	157	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	26327	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	49647	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	157	InvestmentIncomeExciseTax
Subtotal	157	Subtotal
Tax Based On Investment Income	157	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	100	EstTaxPaymentsAndOverpayment
Tax Paid With Extension	57	TaxPaidWithExtension
Total Credits And Payments	157	TotalCreditsAndPayments
Tax Paid Original Return	157	TaxPaidOriginalReturn

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	true	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	co Foundation Source	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8008391754	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	198091377	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

Field	Value	IRS element (for citing)
Person Name	John D Sanders	PersonName

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1
City	Wilmington	City
State	DE	State
ZIP Code	19809	ZIPCode

Field	Value	IRS element (for citing)
Title	Pres / Dir / Sec	Title
Avg Hours Per Wk Devoted To Position	001.00	AvgHoursPerWkDevotedToPosition
Compensation	0	Compensation

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	34228	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	34228	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	34228	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	513	CashDeemedCharitable
Net Noncharitable Assets	33715	NetNoncharitableAssets
Minimum Investment Return	1686	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	1686	MinimumInvestmentReturn
Tax Based On Investment Income	157	TaxBasedOnInvestmentIncome
Total Tax	157	TotalTax
Distributable Amount Before Adj	1529	DistributableAmountBeforeAdj
Distributable Amount Before Ded	1529	DistributableAmountBeforeDed
Distributable Amount As Adjusted	1529	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	49647	ExpensesAndContributions
Qualifying Distributions	49647	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	157	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	49490	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	1529	DistributableAmountAsAdjusted
Qualifying Distributions	49647	QualifyingDistributions
Applied To Current Year	1529	AppliedToCurrentYear
Remaining Distri From Corpus	48118	RemainingDistriFromCorpus
Total Corpus	48118	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g3	17659	DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov To Next Year	30459	ExcessDistriCyovToNextYear
Excess From Current Year	30459	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	John D Sanders	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (16 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
ACHIEVE REWARDS FOR COLL SCIENTIST FDN
4057 HIGHWOOD CT NW	WASHINGTON	DC	20007	N/A	509a1	General Unrestricted	$1,000
CHANTICLEER ATHLETIC FOUNDATION
PO BOX 1954	CONWAY	SC	29526	N/A	509a2	General Unrestricted	$1,000
COASTAL EDUCATIONAL FOUNDATION INC
PO BOX 261954	CONWAY	SC	29528	N/A	509a1	Parking Sponsorship for Women in Philanthropy Conference/Gala	$1,000
COASTAL EDUCATIONAL FOUNDATION INC
PO BOX 261954	CONWAY	SC	29528	N/A	509a1	Womens Leadership Conference Celebration	$5,000
COASTAL EDUCATIONAL FOUNDATION INC
PO BOX 261954	CONWAY	SC	29528	N/A	509a1	Women in Philanthropy Scholarship Fund	$5,000
COLLINS KIDS THE DAVID BENNETT FDN
PO BOX 301	CONWAY	SC	29528	N/A	509a2	General Unrestricted	$1,000
FRANKLIN G BURROUGHS SIMEON ART MUSEUM
3100 S OCEAN BLVD	MYRTLE BEACH	SC	29577	N/A	509a1	Animation BC - A Century of Animation	$1,000
HORRY COUNTY K-12 FOUNDATION
PO BOX 2095	MYRTLE BEACH	SC	29578	N/A	509a1	Dancing With The Stars	$2,500
HORRY COUNTY SCHOOLS
PO BOX 26005	CONWAY	SC	29528	N/A	509a1	General Unrestricted	$1,500
HORRY COUNTY SCHOOLS
PO BOX 26005	CONWAY	SC	29528	N/A	509a1	Robotics Program	$2,500
HORRY COUNTY SCHOOLS
PO BOX 26005	CONWAY	SC	29528	N/A	509a1	Socastee High School Underwater Robotics Program	$500
JUNIOR ACHIEVEMENT OF COASTAL SOUTH CAROLINA INC
2430 MALL DR STE 120	N CHARLESTON	SC	29406	N/A	509a1	General Unrestricted	$3,700
MERCY CARE
8216 DEVON CT	MYRTLE BEACH	SC	29572	N/A	509a1	Stained Glass Window Sponsorship	$5,000
STREET REACH MINISTRIES OF MYRTLE BEACH INC
PO BOX 1075	MYRTLE BEACH	SC	29578	N/A	509a1	General Unrestricted	$8,000
TEACH MY PEOPLE
PO BOX 2848	PAWLEYS ISL	SC	29585	N/A	509a1	General Unrestricted	$3,000
THEATRE OF THE REPUBLIC INC
331 MAIN ST	CONWAY	SC	29526	N/A	509a2	General Unrestricted	$3,500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	45200	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$255	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	-$138	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$117	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	117	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	Sanders John D	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	9209 Marina Parkway	AddressLine1
City	Myrtle Beach	City
State	SC	State
ZIP Code	29572	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	86318	AggregateContributions
Person Contribution Type	X	PersonContributionType
Noncash Contribution Type	X	NoncashContributionType

Noncash Property NoncashProperty (3 entries)

Contributor Number From Part IContributorNumberFromPartI	Noncash Property DescriptionNoncashPropertyDescription	Fair Market ValueFairMarketValue	Date ReceivedDateReceived
1	VSE CORPORATION VSEC, 200 sh.	4623	2012-12-24
1	PFIZER INC. PFE, 500 sh.	11385	2012-05-01
1	VERIZON COMMUNICATIONS VZ, 500 sh.	20310	2012-05-01

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

Field	Value	IRS element (for citing)
Name	Publicly-traded Securities	Name
Gross Sales Price	36180	GrossSalesPrice
Basis	36318	Basis
Total Net	-138	TotalNet

General Explanation Attachment GeneralExplanationAttachment

Liquidation Explanation Stmt LiquidationExplanationStmt

Field	Value	IRS element (for citing)
Statement	This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2012, Sanders Tech-Ed Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 45,200. This amount represents over 25 of the Foundations net assets of 35,833 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2012. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.	Statement

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps
Administrative Fees	4422	4422
State or Local Filing Fees	25	25

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategory	AmountAmount
Estimated Tax for 2012	$100
Excise Tax for 2011	$4