Edward L Ballard Memorial Scholarship Fund in Winston Salem, 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
| Edward L Ballard Memorial Scholarship Fund | |
| Employer Identification Number (EIN) | 066042949 |
| Name of Organization | Edward L Ballard Memorial Scholarship Fund |
| In Care of Name | Union Tr Co Tr |
| Address | 1 W 4th St 4th Floor, Winston Salem, NC 27101-3818 |
| Activities | Other school related activities |
| Subsection | Educational Organization |
| Ruling Date | 01/1954 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $412,077 |
| Amount of Income | $71,010 |
| Form 990 Revenue Amount | $11,284 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
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 | $11,284 | $11,284 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $1 | |||
| Dividends and interest from securities | $11,022 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $261 | |||
| Total expenses and disbursements | $17,442 | $5,923 | $0 | $10,175 |
| Compensation of officers, directors, trustees, etc. | $7,700 | |||
| Total operating and administrative expenses | $9,942 | $5,923 | $2,675 | |
| Contributions, gifts, grants paid | $7,500 | |||
| Excess of revenue over expenses and disbursements | $-6,158 | |||
| Net investment income | $5,361 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $380,384 | $506,505 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $200,045 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $172,166 | |
| Other | $8,173 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $380,384 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $261 |
| 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 | $107 |
| Total credits and payments | $712 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $712 |
| 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 | $605 |
| Amount to be credited to 2013 estimated tax | $108 |
| 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? | 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 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? | Yes |
| 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 | $493,211 |
| Net value of noncharitable-use assets | $485,820 |
| Minimum investment return | $24,291 |
| Distributable Amount (for 2012) | |
| Distributable amount | $24,184 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $24,184 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $23,831 |
| 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 | Educational Solutions Unlimited Inc | 23102 Andrew Jackson Hwy E, Bolton, NC 28423-8523 | NC | 2001-08 | $1 |
| 2 | Edward A Arditti Charitable Foundation | 3647 Rock Bridge Dr Ne, Conover, NC 28613-9499 | NC | 1992-10 | $9,376 |
| 3 | Edward A Dobbins Fund Temple University Hospital Episcopal Hosp | 100 N Main St 13th Fl, Winston Salem, NC 27101-4047 | NC | 2006-05 | $0 |
| 4 | Edward B Dyer Charitable Trust | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2011-08 | $203,007 |
| 5 | Edward C Davis Charitable Trust | 1 W 4th St D4000-041, Winston Salem, NC 27101-3818 | NC | 2011-08 | $2,834,374 |
| 6 | Edward C Smith Civic Center Of Lexington Inc | PO BOX 307, Lexington, NC 27293-0307 | NC | 1998-12 | $193,415 |
| 7 | Edward C Smiths Foundation | 400 National Blvd, Lexington, NC 27292-2631 | NC | 1967-05 | $2 |
| 8 | Edward H Dutcher Trust 27809 For Fellowship Fd | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1970-12 | $26,319 |
| 9 | Edward J Mcnelis Trust, Wyoming Natl Bk Of Wilkes-Barre Tr | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2002-06 | $350,400 |
| 10 | Edward J Nailen Fbo Cath Dioc 1513090146, First Bank Of Troy Ex | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2006-07 | $62,469 |
| 11 | Edward L Ballard Memorial Scholarship Fund | 1 W 4th St 4th Floor, Winston Salem, NC 27101-3818 | NC | 1954-01 | $71,010 |
| 12 | Edward M Armfield Sr Civic And Recreation Inc | 873 West Hwy 52 By-Pass, Pilot Mountain, NC 27041 | NC | 2004-03 | $663,842 |
| 13 | Edward Nixon Mckay Memorial Scholarship Fund | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1982-04 | $142,386 |
| 14 | Edward O Steely Charities 1513846651 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2010-02 | $24,490 |
| 15 | Edward P Brady Trust 1513076377 | 1 W 4th St 4th Floor, Winston Salem, NC 27101-3818 | NC | 2005-09 | $179,583 |
| 16 | Edward P Lauther Charitable Trust, Fbo St Lukes Ch Tuw 3222-1513104569 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2006-05 | $201,289 |
| 17 | Edward P Lauther Tr Uw 1513099469 | 100 N Main St 13th Flr, Winston-Salem, NC 27150-0001 | NC | $4,928 | |
| 18 | Edward R P Wunch Trust Meridian Trust Company | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1990-01 | $171,064 |
| 19 | Edward Seeley Trust Fbo Ct Chil Med Center 9513011000 | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | $224,666 | |
| 20 | Edwards Elementary Pto, J Glenn Edwards Elementary Pto | 3115 Cemetery Road, Sanford, NC 27332 | NC | 1999-04 | $0 |
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