OVATION FOUNDATION INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- OVATION FOUNDATION INC (EIN 03-0384292)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-14
- IRS object ID
- 201231359349100868
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- General Explanation Attachment
- Legal Fees Schedule
- Loans From Officers Schedule
- Mortgages And Notes Payable Sch
- Other Expenses Schedule
- Other Income Schedule2
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T08:18:17-07:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ronald Blue & Co LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030384292 | EIN |
Name Name
| 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) |
|---|---|---|
| Name Control | OVAT | NameControl |
| Phone | 7706440500 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Bruce Wilkinson | Name |
| Title | Director/Pres | Title |
| Date Signed | 2012-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Carl R Peabody | Name |
| Phone | 7706440500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 19407 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 7 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 7 | InterestOnSavingsNetInvstIncm |
| Other Income Rev And Expnss | 38969 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 38969 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 38976 | TotalRevenueAndExpenses |
| Total Net Investment Income | 38976 | TotalNetInvestmentIncome |
| Legal Fees Rev And Expnss | 10000 | LegalFeesRevAndExpnss |
| Legal Fees Net Invst Incm | 2600 | LegalFeesNetInvstIncm |
| Legal Fees Dsbrs Chrtbl Prps | 7400 | LegalFeesDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 3573 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 929 | AccountingFeesNetInvstIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 2644 | AccountingFeesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 50871 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 50782 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 89 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 64444 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 54311 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 10133 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 30000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 30000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 94444 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 54311 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 40133 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -55468 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 8875 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 19407 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 19407 | SavingsAndTempCashInvstEOYFMV |
| Total Assets BOY | 8875 | TotalAssetsBOY |
| Total Assets EOY | 19407 | TotalAssetsEOY |
| Total Assets EOYFMV | 19407 | TotalAssetsEOYFMV |
| Loans From Officers EOY | 66000 | LoansFromOfficersEOY |
| Mortgages And Notes Payable BOY | 20000 | MortgagesAndNotesPayableBOY |
| Mortgages And Notes Payable EOY | 20000 | MortgagesAndNotesPayableEOY |
| Total Liabilities BOY | 20000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 86000 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | -11125 | RetainedEarningsBOY |
| Retained Earnings EOY | -66593 | RetainedEarningsEOY |
| Total Net Assets BOY | -11125 | TotalNetAssetsBOY |
| Total Net Assets EOY | -66593 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 8875 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 19407 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | -11125 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -55468 | ExcessOfRevenueOverExpenses |
| Subtotal | -66593 | Subtotal |
| Total Net Assets Fund Balances EOY | -66593 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 21317 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 8344 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 2.55477 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 194989 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 7965 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 24.48073 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 63583 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 21637 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 2.93862 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 15805 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 11980 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 1.31928 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 87663 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 4989 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 17.57126 | DistributionRatioYear5 |
| Total Distribution Ratio | 48.86466 | TotalDistributionRatio |
| Average Distribution Ratio | 9.77293 | AverageDistributionRatio |
| Net Noncharitable Assets | 13165 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 128661 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 128661 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 40133 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Est Tax Payments And Overpayment | 178 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 178 | TotalCreditsAndPayments |
| Overpayment | 178 | Overpayment |
| Amount Credited To Next Year | 178 | AmountCreditedToNextYear |
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 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | GA | StatesFiledWith |
| 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 |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ellen Lucciola - Ron Blue & Co | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 7706440500 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| 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 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 | true | 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 |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| 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 |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Jennifer Osuch | ||||||
| 2100 RiverEdge Pkwy Ste 1100 | Atlanta | GA | 30328 | Director | 0.00 | 0 |
| Darlene Wilkinson | ||||||
| 2100 RiverEdge Pkwy Ste 1100 | Atlanta | GA | 30328 | Director | 0.00 | 0 |
| Bruce Wilkinson | ||||||
| 2100 RiverEdge Pkwy Ste 1100 | Atlanta | GA | 30328 | Director/Pres | 40.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 13365 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 13365 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 13365 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 200 | CashDeemedCharitable |
| Net Noncharitable Assets | 13165 | NetNoncharitableAssets |
| Minimum Investment Return | 658 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 658 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 658 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 658 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 658 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 40133 | ExpensesAndContributions |
| Qualifying Distributions | 40133 | QualifyingDistributions |
| Adj Qualifying Distributions | 40133 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 658 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 87414 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 15789 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 62963 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 195127 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 21317 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 382610 | TotalExcessDistriCarryover |
| Qualifying Distributions | 40133 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 658 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 39475 | RemainingDistriFromCorpus |
| Total Corpus | 422085 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 87414 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 334671 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 15789 | ExcessFromYear4 |
| Excess From Year3 | 62963 | ExcessFromYear3 |
| Excess From Year2 | 195127 | ExcessFromYear2 |
| Excess From Year1 | 21317 | ExcessFromYear1 |
| Excess From Current Year | 39475 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Bruce Wilkinson | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| PIEDMONT WOMENS CLINIC | |||||||
| 100 Collins Drive | Greer | SC | 29651 | UNRELATED | 501C3 | GENERAL SUPPORT | $1,000 |
| FIRST BAPTIST CHURCH AR | |||||||
| 1709 JOHNSON ROAD | SPRINGDALE | AR | 72762 | UNRELATED | 501C3 | GENERAL SUPPORT | $5,000 |
| HAVEN OF REST MINISTRIES | |||||||
| 175 E MARKET ST | AKRON | OH | 44309 | UNRELATED | 501C3 | GENERAL SUPPORT | $2,000 |
| FREE CHAPEL | |||||||
| 3001 McEVER ROAD | GAINESVILLE | GA | 30504 | UNRELATED | 501C3 | GENERAL SUPPORT | $10,000 |
| CATHEDRAL OF FAITH | |||||||
| 2315 CANOAS GARDEN AVE | SAN JOSE | CA | 95125 | UNRELATED | 501C3 | GENERAL SUPPORT | $10,000 |
| UNIVERSITY OF NATIONS-KONA FOUNDATI | |||||||
| 75-5851 KUAKINI HWY 256 | KAILUAKONA | HI | 96740 | UNRELATED | 501C3 | General Support | $2,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 30000 | 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 | $7 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ROYALTIES | Description |
| Exclusion Code | 15 | ExclusionCode |
| Exclusion | $38,969 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $38,976 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 38976 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | Category |
| Amount | $3,573 | Amount |
| Net Investment Income | 929 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 2644 | DisbursementsCharitablePrps |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | PART VII-B, LINE 1(a)(2) and LINE 1(b)======================================At year end, the foundation had on its books a $20,000 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. | Explanation |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | Category |
| Amount | $10,000 | Amount |
| Net Investment Income | 2600 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 7400 | DisbursementsCharitablePrps |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lenders Name | Bruce Wilkinson | LendersName |
| Lenders Title | Director | LendersTitle |
| Original Amount Of Loan | 66000 | OriginalAmountOfLoan |
| Balance Due | 66000 | BalanceDue |
| Repayment Terms | Demand Loan | RepaymentTerms |
| Security Provided By Borrower | None | SecurityProvidedByBorrower |
| Purpose Of Loan | Operating Expenses | PurposeOfLoan |
| Desc Of Lender Consideration | None | DescOfLenderConsideration |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Mortgage | $20,000 | TotalMortgageAmount |
Note Payable NotePayable
Lenders Name LendersName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Individual | Exponential Inc | Individual |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship To Insider | S Corp; shareholder is Officer | RelationshipToInsider |
| Original Amount Of Loan | 50000 | OriginalAmountOfLoan |
| Balance Due | 20000 | BalanceDue |
| Repayment Terms | Demand Loan | RepaymentTerms |
| Security Provided By Borrower | None | SecurityProvidedByBorrower |
| Purpose Of Loan | Operating Expenses | PurposeOfLoan |
| Desc Of Lender Consideration | None | DescOfLenderConsideration |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| POSTAGE & SHIPPING | 33 | 9 | 24 |
| Filing Fees | 50 | 13 | 37 |
| Contract Labor | 50750 | 50750 | |
| BANK FEES | 38 | 10 | 28 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ROYALTIES | Description |
| Revenue And Expenses Per Books | 38969 | RevenueAndExpensesPerBooks |
| Net Investment Income | 38969 | NetInvestmentIncome |