The John And Margaret Mccarty Foundation Inc in Highlands, North Carolina (NC)

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The John And Margaret Mccarty Foundation Inc
Employer Identification Number (EIN)581867301
Name of OrganizationThe John And Margaret Mccarty Foundation Inc
In Care of NameHarold E Abrams
Address358 Hill Rd, Highlands, NC 28741-6568
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date04/1990
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$5,000,000 to $9,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$8,353,646
Amount of Income$2,225,483
Form 990 Revenue Amount$798,956


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Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$798,956$408,263$391,249
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$285,271
Dividends and interest from securities$105,978
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$407,707
Total expenses and disbursements$708,630$48,505$0$660,125
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$48,505$48,505$0
Contributions, gifts, grants paid$660,125
Excess of revenue over expenses and disbursements$90,326
Net investment income$359,758
Adjusted net income$391,249
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$8,508,206$8,530,927
Cash - non-interest-bearing$3,947
Investments-U.S. and state government obligations$402,154
Investments-corporate stock$7,201,709
Investments-corporate bonds$550,254
Investments-mortgage loans$0
Investments-other$0
Other$350,142
Total liabilities$45,269
Mortgages and other notes payable$0
Other$45,269
Total liabilities and net assets/fund balances$8,462,937
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$407,707
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$3,598
Total credits and payments$4,216
2011 estimated tax payments and 2010 overpayment credited to 2011$4,216
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$618
Amount to be credited to 2012 estimated tax$618
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$8,986,127
Net value of noncharitable-use assets$8,851,340
Minimum investment return$442,567
Distributable Amount (for 2011)
Distributable amount$438,969
Undistributed Income (for 2011)
Distributable amount for 2011$438,969
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
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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2Sparta Revitalization Committee, Sandra RostPO BOX 1020, Sparta, NC 28675-1020NC2000-09$28,823
3Sparta-Alleghany Volunteer Fire Department IncPO BOX 365, Sparta, NC 28675-0365NC1989-03$135,749
4Spaulding Family Resource Center Inc600 S Pine St, Spring Hope, NC 27882-9430NC2009-10$56,421
5Spay Today Inc4550b County Home Rd, Greenville, NC 27858-8039NC2007-08$305,629
6Spay-Neuter Assistance Program Of North Carolina IncPO BOX 278, New Hill, NC 27562-0278NC2000-03$855,178
7Spca Of Northeastern North Carolina IncPO BOX 1772, Elizabeth Cty, NC 27906-1772NC1989-07$724,766
8Special Operations Response Team Inc121 Polo Rd, Winston Salem, NC 27105-3438NC1989-05$103,382
9Specialized Way CorpPO BOX 6222, Rocky Mount, NC 27802-6222NC2008-04$86,615
10Specialty Tobacco Council Inc102 W 3rd St Ste 200b Ll, Winston Salem, NC 27101-3940NC1986-06$32,529
11Society For Excellence In Education939 Crestwood Ln, Chapel Hill, NC 27517-9154NC2007-06$28,748
12Society For Insulin-Like Growth Factor Research Inc5030 Burnett Womack Cb7170, Chapel Hill, NC 27599-7170NC1995-05$20,276
13Shofar Letters MinistriesPO BOX 43, Kings Mtn, NC 28086-0043NC1998-02$1
14South Carolina Chapter Of The American College Of Cardiology1500 Sunday Dr Ste 102, Raleigh, NC 27607-5151NC1995-04$161,642
15The Ironside FoundationPO BOX 1139, Wallace, NC 28466-1139NC2008-09$67,736
16The John And Margaret Mccarty Foundation Inc358 Hill Rd, Highlands, NC 28741-6568NC1990-04$2,225,483
17The International Society For Eye Research2450 Alumni Dr, Raleigh, NC 27606-3116NC1980-09$594,587
18Spencer Lodge No 2019 Loyal Order Of Moose, 2019PO BOX 391, Spencer, NC 28159-0391NC1935-08$374,265
19Spindale Merchants Association230 Spindale St, Spindale, NC 28160-1604NC2010-08$325
20Spirit And Truth Ministries International3647 Waterview Ln, Terrell, NC 28682-9803NC2006-01$76,913
21Spirit Training Center IncPO BOX 906, Thomasville, NC 27361-0906NC1988-10$34,205
22Spivey Scholarship TrustPO BOX 29522, Raleigh, NC 27626-0522NC1985-10$34,356
23Spoken Word Ministries Incorporated205 W John St, Mount Olive, NC 28365-1634NC1988-12$52,496
24Spoleto Study Abroad10600 Brownsburg Pl, Raleigh, NC 27613-6356NC1998-03$391,944
25Sports OutreachPO BOX 7043, Asheville, NC 28802-7043NC2005-11$172,511
26Sportsmans Club Of CharlottePO BOX 31431, Charlotte, NC 28231-1431NC1993-01$117,901
27Sportworks Ministry Inc1806 Rosewood Dr, Greenville, NC 27858-4448NC1995-10$225,241
28Spout Springs Emergency Services Inc, Cafeteria Plan4400 Buffalo Lake Rd, Cameron, NC 28326-7694NC1986-07$1,183,304
29Spring Creek Community Center13075 Nc 209 Hwy, Hot Springs, NC 28743-7154NC1999-11$25,124
30Spring Creek Volunteer Fire Department Inc13131 Nc Hwy 209, Hot Springs, NC 28743NC2000-08$70,273

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