Mary And Elliott Wood 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
| Mary And Elliott Wood Foundation | |
| Employer Identification Number (EIN) | 566055686 |
| Name of Organization | Mary And Elliott Wood Foundation |
| In Care of Name | Wachovia Bank & Trust Co N A |
| Address | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28288-0001 |
| Activities | Other school related activities, Gifts, grants, or loans to other organizations, Other religious activities |
| Subsection | Charitable Organization |
| Ruling Date | 11/1957 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $2,264,791 |
| Amount of Income | $203,704 |
| Form 990 Revenue Amount | $95,375 |
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 | $86,103 | $86,103 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $55,049 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $31,054 | |||
| Total expenses and disbursements | $165,252 | $15,931 | $0 | $147,069 |
| Compensation of officers, directors, trustees, etc. | $20,049 | |||
| Total operating and administrative expenses | $59,684 | $15,931 | $41,501 | |
| Contributions, gifts, grants paid | $105,568 | |||
| Excess of revenue over expenses and disbursements | $-79,149 | |||
| Net investment income | $70,172 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $2,264,791 | $2,536,285 |
| Cash - non-interest-bearing | $2,335 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,267,841 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $921,283 | |
| Other | $73,332 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $2,264,791 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $31,054 |
| 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 | $702 |
| Total credits and payments | $1,564 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,564 |
| 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 |
| Tax due | $0 |
| Overpayment | $862 |
| Amount to be credited to 2013 estimated tax | $704 |
| 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? | 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 | $2,511,641 |
| Net value of noncharitable-use assets | $2,473,960 |
| Minimum investment return | $123,698 |
| Distributable Amount (for 2012) | |
| Distributable amount | $122,996 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $122,996 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $79,610 |
| 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 | Mary A Dobbins Charitable Trust Fbo Childrens Aid Society Infants, 1513080576 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $170,433 | |
| 2 | Mary A Dobbins Charitable Trust Fbo Childrens Aid Society Of Phily, 1513080683 | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | $283 | |
| 3 | Mary A Dobbins Charitable Trust Fbo Childrens Seashore House 13358-007 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2005-09 | $288,339 |
| 4 | Mary A Dobbins Charitable Trust Fbo Grace Episcopal Church, 1513080629 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $70,753 | |
| 5 | Mary A Dobbins Charitable Trust Mercy Douglas Center Inc | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2006-05 | $59,099 |
| 6 | Mary A Dobbins Charitable Trust Ralston House 15130806492 | 100 N Main St 13th Fl, Winston Salem, NC 27150-0001 | NC | $94,634 | |
| 7 | Mary A Dobbins Charitable Trust Virtua Memorial Hospital Burlinton | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2006-06 | $67,759 |
| 8 | Mary A Dobbins Charitable Trust Wachovia Bank Nat Assoc Char Svs | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | $2,170 | |
| 9 | Mary A Dobbins Charitable Trust Youth Service Inc | 1 W 4th St 4th Floor, Winston Salem, NC 27101-3818 | NC | 2006-05 | $95,475 |
| 10 | Mary Amanda Hawke Rixstine Trust | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1948-04 | $58,299 |
| 11 | Mary And Elliott Wood Foundation | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28288-0001 | NC | 1957-11 | $203,704 |
| 12 | Mary Ann Fox Trust U/W | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1970-12 | $143,053 |
| 13 | Mary B Burrus Tr Uw 1013001225 | 100 N Main St 13th Flr, Winston Salem, NC 27150-0001 | NC | $74,793 | |
| 14 | Mary B Consolvo Tuw 5013667253 | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | $51,281 | |
| 15 | Mary B Eaton Tr W 19731 Fbo Mill Home | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1973-06 | $368,824 |
| 16 | Mary Beatty Trust 1513091314 | 100 N Main St 13th Flr, Winston Salem, NC 27150-0001 | NC | $54 | |
| 17 | Mary Burrus Foundation, Wachovia Bk & Tr Co Tr | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2006-08 | $81,479 |
| 18 | Mary C Kistler Tr Fbo Grace Hospital 1013002395, Wells Fargo Bank Na | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $6,014,414 | |
| 19 | Mary C Laubach Trust Meridian Trust Co 1513077697 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $202,009 | |
| 20 | Mary Cannon Morris Charitable Foundation | 6727 Brookbank Rd, Summerfield, NC 27358-9109 | NC | 2002-03 | $121,758 |
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