Grace Jones Richardson Tr, Richardson P L Ttee in Greensboro, 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
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in North Carolina
| Grace Jones Richardson Tr, Richardson P L Ttee | |
| Employer Identification Number (EIN) | 066023003 |
| Name of Organization | Grace Jones Richardson Tr |
| Secondary Name | Richardson P L Ttee |
| In Care of Name | Piedmont Trust Co |
| Address | PO BOX 20124, Greensboro, NC 27420-0124 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 02/1964 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $48,640,796 |
| Amount of Income | $4,973,645 |
| Form 990 Revenue Amount | $4,538,626 |
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 | $4,535,138 | $4,181,951 | $0 | |
| Contributions, gifts, grants, etc., received | $711,000 | |||
| Interest on savings and temporary cash investments | $265 | |||
| Dividends and interest from securities | $30 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $3,823,843 | |||
| Total expenses and disbursements | $1,964,811 | $1,045,523 | $0 | $1,846,785 |
| Compensation of officers, directors, trustees, etc. | $10,000 | |||
| Total operating and administrative expenses | $282,811 | $1,045,523 | $164,785 | |
| Contributions, gifts, grants paid | $1,682,000 | |||
| Excess of revenue over expenses and disbursements | $2,570,327 | |||
| Net investment income | $3,136,428 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $49,608,004 | $82,377,285 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $49,093,382 | |
| Other | $514,622 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $49,608,004 | |
| 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 | $62,729 |
| Total credits and payments | $202,372 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $66,372 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $136,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $139,643 |
| Amount to be credited to 2013 estimated tax | $100,000 |
| 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 | $79,150,061 |
| Net value of noncharitable-use assets | $77,962,820 |
| Minimum investment return | $3,898,141 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,177,143 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,177,143 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,177,143 |
| 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 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $-11,443 | $0 | $-11,443 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $0 | $0 | $0 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $0 | $0 | $0 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $-11,443 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $291 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $-11,734 |
| Unrelated business taxable income before net operating loss deduction | $-11,734 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-11,734 |
| Specific deduction | $0 |
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| Other organizations in North Carolina | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Forsyth Economic Ventures Inc | 500 W 4th St Ste 300, Winston Salem, NC 27101-2789 | NC | 1993-10 | $677,463 |
| 2 | Fox Family Foundation Inc | 2451 Croasdaile Farm Pkwy Ste 101, Durham, NC 27705-1466 | NC | 1992-01 | $2,688,392 |
| 3 | Frances V Holton Foundation | 12729 Waterman Dr, Raleigh, NC 27614-9416 | NC | 1998-07 | $246,824 |
| 4 | Friends Of The John A Wilkinson Building Inc | PO BOX 38, Belhaven, NC 27810-0038 | NC | 1999-04 | $87,747 |
| 5 | Fund Established By Will Of Nanaline H Duke For Duke Universit | 800 E Morehead St, Charlotte, NC 28202-2706 | NC | 1973-03 | $3,818,798 |
| 6 | Future Farmers Of America, North Carolina Association | 520 Brickhaven Dr, Raleigh, NC 27606-1463 | NC | 1945-01 | $1,283,294 |
| 7 | Gaston Memorial Hospital Foundation Inc | 2525 Court Dr, Gastonia, NC 28054-2140 | NC | 1936-11 | $6,752,537 |
| 8 | Gaston Memorial Hospital Home Health Care-Med Inc | PO BOX 1747, Gastonia, NC 28053-1747 | NC | 1999-07 | $963,480 |
| 9 | Girl Scouts Tarheel Triad Council Inc | 8818 W Market Street, Colfax, NC 27235 | NC | 1942-08 | $4,668,522 |
| 10 | Givens Housing Corporation | 2360 Sweeten Creek Rd, Asheville, NC 28803-2030 | NC | 1977-08 | $571,678 |
| 11 | Grace Jones Richardson Tr, Richardson P L Ttee | PO BOX 20124, Greensboro, NC 27420-0124 | NC | 1964-02 | $4,973,645 |
| 12 | Grace Richardson Fund | PO BOX 20124, Greensboro, NC 27420-0124 | NC | 1966-02 | $37,004 |
| 13 | Grand Square Incorporated | 2520 Sardis Road North, Charlotte, NC 28227-7827 | NC | 2001-04 | $114,675 |
| 14 | Greater Mount Airy Ministry Of Hospitality | PO BOX 1722, Mount Airy, NC 27030-1722 | NC | 2002-06 | $205,717 |
| 15 | Greensboro Independent School Corporation | 5401 Lawndale Dr, Greensboro, NC 27455-2127 | NC | 1975-08 | $22,973,726 |
| 16 | Guardian Angel Thrift | 742 N Main St, Fuquay Varina, NC 27526-2029 | NC | 2002-03 | $4,323,345 |
| 17 | Gunzenhauser-Chapin Fund | PO BOX 20124, Greensboro, NC 27420-0124 | NC | 1998-07 | $1,317,575 |
| 18 | Habitat For Humanity International Inc, Asheville Area Hfh | 33 Meadow Rd, Asheville, NC 28803-2651 | NC | 1987-01 | $7,092,007 |
| 19 | Habitat For Humanity International Inc, Charlotte Hfh | 3815 Latrobe Dr, Charlotte, NC 28211-1166 | NC | 1987-01 | $14,068,012 |
| 20 | Hagan Family Fund | 300 N Greene St Ste 200, Greensboro, NC 27401-2172 | NC | 1995-07 | $755,791 |
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