Byerly Foundation Inc in Hickory, 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
| Byerly Foundation Inc | |
| Employer Identification Number (EIN) | 561156811 |
| Name of Organization | Byerly Foundation Inc |
| Address | 1446 Sixth St Cir Ct Nw, Hickory, NC 28601-5257 |
| Activities | Gifts, grants, or loans to other organizations, Other religious activities, Other school related activities |
| Subsection | Charitable Organization |
| Ruling Date | 03/1979 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $59,322 |
| Amount of Income | $6,962 |
| Form 990 Revenue Amount | $6,962 |
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 | $6,962 | $3,069 | $0 | |
| Contributions, gifts, grants, etc., received | $3,725 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $3,124 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $113 | |||
| Total expenses and disbursements | $4,863 | $712 | $0 | $4,151 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,263 | $712 | $551 | |
| Contributions, gifts, grants paid | $3,600 | |||
| Excess of revenue over expenses and disbursements | $2,099 | |||
| Net investment income | $2,357 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $59,322 | $64,106 |
| Cash - non-interest-bearing | $2,868 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $54,950 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,504 | |
| Total liabilities | $995 | |
| Mortgages and other notes payable | $0 | |
| Other | $995 | |
| Total liabilities and net assets/fund balances | $58,327 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $113 |
| 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 | $24 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $24 |
| 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? | 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 | $57,905 |
| Net value of noncharitable-use assets | $57,040 |
| Minimum investment return | $2,852 |
| Distributable Amount (for 2011) | |
| Distributable amount | $2,828 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $2,828 |
| 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 | Burningtown-Iotla Volunteer Fire & Rescue Inc | 30 Daves Creek Road, Franklin, NC 28734 | NC | 1981-03 | $193,894 |
| 2 | Burnsville Fire And Rescue Ambuluance Service Inc | 13380 Highway 742 N, Polkton, NC 28135-7727 | NC | 1993-05 | $232,027 |
| 3 | Burnsville Land Community Inc | PO BOX 1059, Burnsville, NC 28714 | NC | 2008-08 | $33,985 |
| 4 | Burnsville Recreation & Learning Center Inc | 1961 Wightman Church Road, Polkton, NC 28135 | NC | 1999-04 | $0 |
| 5 | Burt Snyder Educational Foundation | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1973-05 | $82,942 |
| 6 | Bushkill Reformed Church T/D 2571 0 5 Nect | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1970-12 | $41,938 |
| 7 | Business Cents Of Nc Inc | PO BOX 941, Oxford, NC 27565-0941 | NC | 2005-02 | $242,974 |
| 8 | Butler Senior High Athletic Booster Club | 1810 Matthews Mint Hill Rd, Matthews, NC 28105-4649 | NC | 1999-01 | $152,380 |
| 9 | Butterfly Wings Restorative Ministry | 1615 Dunn Place, Hillsborough, NC 27278 | NC | 2005-04 | $0 |
| 10 | Buxton Fire Prevention Association Inc | PO BOX 424, Buxton, NC 27920-0424 | NC | 1998-09 | $217,100 |
| 11 | Byerly Foundation Inc | 1446 Sixth St Cir Ct Nw, Hickory, NC 28601-5257 | NC | 1979-03 | $6,962 |
| 12 | Bynum Chapel Ame Zion Church | PO BOX 1143, Kings Mtn, NC 28086-1143 | NC | 2001-12 | $35,851 |
| 13 | Byrne Educational Endeavor Foundation | 23 Autumn Ridge Ln, Asheville, NC 28803-9400 | NC | 2003-10 | $15 |
| 14 | Byron Lee Williford Trust 813492 | 1 W 4th St 4th Floor, Winston Salem, NC 27101-3818 | NC | 1975-12 | $2,459,705 |
| 15 | Byron S Swearingen Trust 8350 Tw 51288 Nect | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1970-12 | $1,355,080 |
| 16 | C & A Smith Fbo Boarding Home Ir- Tua 1519176006 | 100 N Main St 13th Flr, Winston Salem, NC 27150-0001 | NC | $77,582 | |
| 17 | C & J Creative Expressions Inc | 2022 Baronwood Ct, Gastonia, NC 28052-4623 | NC | 2008-02 | $1,494 |
| 18 | C & M Ministries Inc | 3790 Parks Rd, Lexington, NC 27292-8259 | NC | 2005-06 | $226,093 |
| 19 | C A Buck Education Fund | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1964-07 | $159,595 |
| 20 | C A R E, Child Abuse Resource And Education | PO BOX 1541, Littleton, NC 27850-1541 | NC | 1999-04 | $312,513 |
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