Lomax And Mary Young Smith Educational Trust in Raleigh, North Carolina (NC)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Other organizations in North Carolina
| Lomax And Mary Young Smith Educational Trust | |
| Employer Identification Number (EIN) | 954081965 |
| Name of Organization | Lomax And Mary Young Smith Educational Trust |
| Address | 3324 Harden Rd, Raleigh, NC 27607-3304 |
| Activities | Scholarships (other), Other student aid |
| Subsection | Charitable Organization |
| Ruling Date | 02/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $0 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $44,205 |
| Amount of Income | $1,850 |
| Form 990 Revenue Amount | $1,850 |
Non-representatives - add comments:
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $0 | $0 | $0 | |
| Total expenses and disbursements | $0 | $0 | $0 | $0 |
| Excess of revenue over expenses and disbursements | $0 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $44,205 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $44,024 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $181 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $44,205 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| 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? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| 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)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| 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 |
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| Other organizations in North Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lottie E Olberg Testamentary Trust | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1975-03 | $221,092 |
| 2 | Louis J Christopher Memorial Charity Fund | 1525 W W T Harris Blvd D1114-044, Charlotte, NC 28262-8522 | NC | 2003-09 | $6,343,529 |
| 3 | Louis J Kanitz & Golda I Kanitz Memorial Fund Tr 012694 | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1995-10 | $2,121,230 |
| 4 | Link Center Foundation | 358 Gaston Street, Franklin, NC 28734 | NC | 2007-08 | $0 |
| 5 | Leever Foundation Inc | 900 S Park Pl, Hendersonvlle, NC 28791-3701 | NC | 1991-09 | $4,195,855 |
| 6 | Large Public Power Council | 1427 Meadow Wood Blvd, Raleigh, NC 27604-1532 | NC | 2010-03 | $2,596,137 |
| 7 | Latham Charitable Foundation Inc | 8009 Windsor Way, Elon, NC 27244-9411 | NC | 1985-11 | $182,057 |
| 8 | Love Of Vietnam Expressed | 4595 Braxton Rd, Grifton, NC 28530-8622 | NC | 2002-06 | $59,640 |
| 9 | Linda Mattson Wings Of Hope Cancer Foundation | 126 Town Center Drice, Mooresville, NC 28117 | NC | 2001-09 | $91 |
| 10 | Lawrence S Donaldson Ii Trust Norwest Bank Mpls Na Ttee | 1 W 4th St 4th Fl Trust Tax Dept, Winston Salem, NC 27101-3818 | NC | $1,164,526 | |
| 11 | Lomax And Mary Young Smith Educational Trust | 3324 Harden Rd, Raleigh, NC 27607-3304 | NC | 1987-02 | $1,850 |
| 12 | Lottie M Koon Et Al Trust For Hillsdale College, Wells Fargo Bank Mn Na 06130400 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1996-07 | $104,900 |
| 13 | Lanier And Rebecca Williams Charitable Foundation | 6495 Shallowford Rd, Lewisville, NC 27023-7610 | NC | 2008-09 | $525 |
| 14 | Lanier Library Assn Inc | 72 Chestnut St, Tryon, NC 28782-3483 | NC | 1951-12 | $288,822 |
| 15 | Lansdowne Elementary School Pto | 6400 Prett Ct, Charlotte, NC 28270-5966 | NC | 2003-07 | $117,340 |
| 16 | Lansing Volunteer Fire & Rescue | 644 Don Adams Rd, Lansing, NC 28643-9244 | NC | 2007-02 | $99,406 |
| 17 | Laothian Culture Center Of Nc, Laotian Culture Center Of North Carolina | Po Box 667363, Charlotte, NC 28266-7363 | NC | 1990-05 | $61,063 |
| 18 | Larew-Vawter Family Cemeteryassociation | 1100 Gretna Green Ln, Charlotte, NC 28217-3478 | NC | 2007-05 | $753 |
| 19 | Larry Hunter Ministries International | PO BOX 37893, Raleigh, NC 27627-7893 | NC | 2013-10 | $0 |
| 20 | Larson Ministry Scholarship Fund Irrev, 1013896553 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2007-02 | $30,060 |
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