Plateau Native American Foundation in Winston Salem, North Carolina (NC)

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Plateau Native American Foundation
Employer Identification Number (EIN)876240442
Name of OrganizationPlateau Native American Foundation
In Care of NameWfb
Address1 W 4th St 4th Fl, Winston Salem, NC 27101-3818
ActivitiesScholarships (other), Student loans
SubsectionEducational Organization
Ruling Date10/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$2,206,691
Amount of Income$586,620
Form 990 Revenue Amount$113,428
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2013: $586,620 (it was $455,863 in 2012)
Plateau Native American Foundation: 

 $586,620
Other organizations performing similar types of work: 

 $72,336

Assets in 2013: $2,206,691 (it was $2,206,965 in 2012)
Plateau Native American Foundation: 

 $2,206,691
Other organizations performing similar types of work: 

 $239,394

Expenses in 2013: $156,947
Plateau Native American Foundation: 

 $156,947
Other organizations performing similar types of work: 

 $40,888

Income to expenses ratio in 2013: 3.7
This organization: 

 3.7
Other organizations performing similar types of work: 

 1.4

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.1%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$150,768$145,441$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$75,931
Gross rents$0
Gross sales price for all assets$507,631
Gross profit from sales of goods$0
Other income$3,058
Other$71,779
Total expenses and disbursements$156,947$30,593$0$126,354
Compensation of officers, directors, trustees, etc.$38,377
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$2,760
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$42,947$30,593$12,354
Contributions, gifts, grants paid$114,000
Excess of revenue over expenses and disbursements$-6,179
Net investment income$114,848
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$2,281,961$2,547,649$2,206,965$2,681,047$2,206,691$2,954,748
Cash - non-interest-bearing$369$173$1,766
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$2,169,314$2,131,306$2,130,396
Other assets$0$0
Total liabilities$0$0$0
Total liabilities and net assets/fund balances$2,281,961$2,206,965$2,206,691
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$44,531$3,879$71,779
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$1,695$458$2,297
Total credits and payments$2,900$1,695$458
Current year estimated tax payments and previous year's overpayment credited to current year$500$1,695$458
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$2,400$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$1,839
Overpayment$1,237$0
Amount to be credited to next year's estimated tax$1,205$458$0
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$2,639,896$2,641,707$2,824,061
Net value of noncharitable-use assets$2,602,081$2,781,700
Minimum investment return$130,015$130,104$139,085
Distributable Amount
201120122013
Distributable amount$128,320$129,646$136,788
Undistributed Income
201120122013
Distributable amount for this year$128,320$129,646$136,788
Undistributed income for this year. This amount must be distributed in the next year$0$26,509$36,943
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$75,931$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Sylvester H Reed Memorial TrustPO BOX 1111, Pflugerville, TX 78691-1111TX1998-01$1,242,927
2William Harold Smith Charitable Tr, Smith J Matt Ttee1105 Airport Rd, Marion, NC 28752-5633NC1998-09$1,369,829
3Leighton Frederick Sandys Ford Jr Scholarship Memorial Fund4029 Doves Roost Ct, Charlotte, NC 28211-5047NC1982-04$405,553
4Ruth C Clark Tw Fbo Ruth C Clarkescholarship Fund1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262NC1981-01$353,693
5Virgil & Mildred Roy Scholarship Fund Tr 700609001 W 4th St 4th Floor, Winston Salem, NC 27101-3818NC1988-07$324,153
6Sponsors For Academic Talent IncPO BOX 233, Jacksonville, NC 28541-0233NC1992-08$129,351
7Warren County Training School-North Warren High School Alumni, Association And FriendsPO BOX 122, Wise, NC 27594-0122NC1995-06$107,536
8Voorhies Scholarship Tr Fund1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818NC1995-09$91,748
9The Waylin Area Foundation123 N Center St, Mount Olive, NC 28365NC1993-05$69,638
10The Qubein Foundation806 Westchester Dr, High Point, NC 27262-7347NC1993-10$54,576
11Scott Scholarship Trust 1816-169835001 W 4th St 4th Fl, Winston Salem, NC 27101-3818NC1998-08$31,100
12Thomas C Meredith Jr Scholarship Foundation1 W 4th St, Winston Salem, NC 27101-3818NC1995-02$21,006
13International Society For Adult Congenital Cardiac Disease1500 Sunday Drive Ste 102, Raleigh, NC 27607NC1994-09$19,323
14The Claude And Mickie@gable Scholarship TrustPO BOX 3170, Thomasville, NC 27361-3170NC1998-01$16,200
15Rufus Harrell Scholarship Foundation246 Ainsley Rd, Hertford, NC 27944-9478NC1996-04$6,194
16Holliday Educational Foundation103 Rockview Lane, Morganton, NC 28655NC1992-04$2,552
17Anthroposophical Society In North Carolina IncP O Box 16024, Chapel Hill, NC 27516-6024NC1997-09$0
18Carolina-Virginia Reading Service IncorporatedP O Box 717, Roanoke Rapids, NC 27870NC1997-04$0
19Charles E Harris Memorial Scholarship Fund3618 Mossdale Avenue, Durham, NC 27707NC1998-04$0
20Citizens For Media Literacy Inc, Citizens For Media Literacy34 Wall Street, Asheville, NC 28801-2725NC1994-09$0
Number of organizations performing similar types of work
Alaska15
Alabama29
Arkansas27
Arizona42
California252
Colorado46
Connecticut69
District of Columbia36
Delaware10
Florida151
Georgia78
Hawaii18
Iowa52
Idaho15
Illinois193
Indiana80
Kansas57
Kentucky48
Louisiana26
Massachusetts102
Maryland74
Maine15
Michigan138
Minnesota61
Missouri93
Mississippi12
Montana14
North Carolina100
North Dakota5
Nebraska30
New Hampshire12
New Jersey147
New Mexico15
Nevada16
New York202
Ohio188
Oklahoma33
Oregon38
Pennsylvania160
Rhode Island22
South Carolina36
South Dakota7
Tennessee42
Texas251
Utah11
Virginia136
Vermont9
Washington68
Wisconsin96
West Virginia21
Wyoming9
International5
Total3,412

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