Ambrose And Ida Frederickson Foundation in Charlotte, 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
| Ambrose And Ida Frederickson Foundation | |
| Employer Identification Number (EIN) | 226422114 |
| Name of Organization | Ambrose And Ida Frederickson Foundation |
| In Care of Name | First Fidelitybank N A |
| Address | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 08/1989 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $1,626,569 |
| Amount of Income | $329,001 |
| Form 990 Revenue Amount | $23,585 |
Non-representatives - add comments:
Revenue for 2011
Expenses for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $23,585 | $54,562 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $12 | |||
| Dividends and interest from securities | $54,550 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $117,170 | $16,509 | $0 | $99,496 |
| Compensation of officers, directors, trustees, etc. | $5,201 | |||
| Total operating and administrative expenses | $23,625 | $16,509 | $5,951 | |
| Contributions, gifts, grants paid | $93,545 | |||
| Excess of revenue over expenses and disbursements | $-93,585 | |||
| Net investment income | $38,053 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,532,858 | $1,937,950 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,127,205 | |
| Investments-corporate bonds | $364,745 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $40,908 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,532,858 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $-30,977 |
| 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 | $761 |
| Total credits and payments | $761 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $736 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $25 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2012 estimated tax | $0 |
| 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? | Yes |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| 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 | $1,965,162 |
| Net value of noncharitable-use assets | $1,935,680 |
| Minimum investment return | $96,784 |
| Distributable Amount (for 2011) | |
| Distributable amount | $96,023 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $96,023 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | 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 | Amateur Athletic Union Of The United States, Chapel Hill Jump Rope Association Skipsations Jump Rope Team | 104 Buckeye Lane, Chapel Hill, NC 27516 | NC | 1966-01 | $0 |
| 2 | Amateur Athletic Union Of The United States, Southport Sharks | PO BOX 11063, Southport, NC 28461-1063 | NC | 1966-01 | $9,550 |
| 3 | Amateur Athletic Union Of The United States, Uba United Ballers Association | 404 Mingocrest Dr, Knightdale, NC 27545-6700 | NC | 2005-09 | $870 |
| 4 | Amateur Athletic Union Of The United States, Wilkes Basketball Club | 203 N Moravian St, Wilkesboro, NC 28697-2303 | NC | 1966-01 | $22,480 |
| 5 | Amateur Athletic Union Of The United States, Wilkes Orange Crush | 261 Goddard Ln, Millers Creek, NC 28651-8743 | NC | $29,364 | |
| 6 | Amateur Athletic Union Of The United States, X-Treme Heat | 2638 Us Hwy 258 N, Kinston, NC 28504-9213 | NC | 1966-01 | $894 |
| 7 | Amazing Grace Adoptions | 9203 Baileywick Rd Ste 101, Raleigh, NC 27615-1978 | NC | 1999-10 | $567,306 |
| 8 | Ambassador Baptist College | PO BOX 158, Lattimore, NC 28089-0158 | NC | 1989-12 | $2,478,653 |
| 9 | Ambassador Camps Inc | 1595 Old Lumberton Rd, Whiteville, NC 28472-9082 | NC | 1962-08 | $184,507 |
| 10 | Ambrose A Featherstone Jr Memorial Fund | 70 Lovers Loop Rd, Asheville, NC 28803-9550 | NC | 1974-03 | $55,258 |
| 11 | Ambrose And Ida Frederickson Foundation | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 1989-08 | $329,001 |
| 12 | Ame Day Shelter Supporters | 412 Capital Blvd, Raleigh, NC 27603-1316 | NC | 1989-07 | $95,315 |
| 13 | Amelia & Ben Solomon Fund | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1944-02 | $26,174 |
| 14 | Amelia Tucker Capehart Fund, Capehart J L Sr Ttee | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2009-12 | $342,257 |
| 15 | Amelia Tucker Tr Ua Fbo Jt Capehart 1019005317 1019005308, Capehart J T Et Al Ttee | 1525 W Wt Harris Blvd, Charlotte, NC 28262-8522 | NC | 2004-03 | $897,485 |
| 16 | Amends Ministry Inc | 3626 Mosby Dr, Greensboro, NC 27407-4433 | NC | 1992-04 | $180,725 |
| 17 | Amercian Legion, 109 Banner | 505 W Parrish Dr, Benson, NC 27504-1653 | NC | 1946-03 | $133,033 |
| 18 | Amercian Legion, 1 Raleigh Inc | 2035 Us Highway 301 S, Wilson, NC 27893-6833 | NC | 1954-03 | $76,851 |
| 19 | Amercian Legion, 503 Nocha White Inc | 10277 Beach Dr Sw, Calabash, NC 28467-2703 | NC | 1946-03 | $229,950 |
| 20 | Amercian Legion, 523 Harrisburg | PO BOX 1432, Harrisburg, NC 28075-1432 | NC | 1946-03 | $3,362 |


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