Mary Lynn Richardson Fund, Mermey Janet 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
- Other organizations in North Carolina
| Mary Lynn Richardson Fund, Mermey Janet L Ttee | |
| Employer Identification Number (EIN) | 066025946 |
| Name of Organization | Mary Lynn Richardson Fund |
| Secondary Name | Mermey Janet L Ttee |
| In Care of Name | Piedmont Financial Co Inc |
| Address | PO BOX 20124, Greensboro, NC 27420-0124 |
| Activities | Gifts, grants, or loans to other organizations, Gifts or grants to individuals (other than scholarships) |
| Subsection | Charitable Organization |
| Ruling Date | 04/1954 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,687,424 |
| Amount of Income | $190,081 |
| Form 990 Revenue Amount | $201,113 |
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 | $179,557 | $319,216 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $28 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $179,529 | |||
| Total expenses and disbursements | $348,877 | $101,337 | $0 | $311,783 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $55,230 | $101,337 | $18,136 | |
| Contributions, gifts, grants paid | $293,647 | |||
| Excess of revenue over expenses and disbursements | $-169,320 | |||
| Net investment income | $217,879 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,583,812 | $6,366,753 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $1,534 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $5,582,278 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $5,583,812 | |
| 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 | $4,358 |
| Total credits and payments | $9,978 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $8,178 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $1,800 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $5,620 |
| Amount to be credited to 2013 estimated tax | $5,000 |
| 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 | $6,401,544 |
| Net value of noncharitable-use assets | $6,305,520 |
| Minimum investment return | $315,276 |
| Distributable Amount (for 2012) | |
| Distributable amount | $310,918 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $310,918 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $292,717 |
| 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 Grandy Fund | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1976-07 | $53,570 |
| 2 | Mary Grey Burney Estate Trust | PO BOX 2907, Wilson, NC 27894-2907 | NC | 1973-07 | $81,833 |
| 3 | Mary H Earl Fbo Meml Hospital 4947 Tuw 1513091715, First Pa Banking & Trust Co | 1525 W Wt Harris Blvd, Charlotte, NC 28288-0001 | NC | $85,960 | |
| 4 | Mary H Sandt Charitable Trust Uw 1513844369 | 401 S Tryon St 4th Flr, Charlotte, NC 28288-0001 | NC | $22,603 | |
| 5 | Mary H Stearns Tr Uw Fbo Nc Society Of The Colonial Dames Of America | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1978-02 | $23,802 |
| 6 | Mary Huffnagle Fbo Lanc Symp Orch Hamilton Bank Ttee | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2006-07 | $21,919 |
| 7 | Mary K N Frith Trust Fbo 1st Bptst Chrch Of Mrtnsvle 080995 | PO BOX 2907, Wilson, NC 27894-2907 | NC | 2000-03 | $178,091 |
| 8 | Mary Kanouse Tuw 2513841628 | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1970-12 | $888,415 |
| 9 | Mary Katherine Dixson Trust Uw Fbo Goodwill Rehabilitation Enter | 1 W 4th St 4th Fl Mac D4000-41, Winston Salem, NC 27101-3818 | NC | 1981-07 | $452,341 |
| 10 | Mary Katherine Dixson Trust Uw Fbo Triad United Methodust Home Inc | 1 W 4th St 4th Fl Mac D4000-41, Winston Salem, NC 27101-3818 | NC | 1981-07 | $440,185 |
| 11 | Mary Lynn Richardson Fund, Mermey Janet L Ttee | PO BOX 20124, Greensboro, NC 27420-0124 | NC | 1954-04 | $190,081 |
| 12 | Mary Mccormac Sheppard Scholarship Fund, Ashpole | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2006-07 | $115,716 |
| 13 | Mary Norris Preyer Fund | PO BOX 20124, Greensboro, NC 27420-0124 | NC | 1966-04 | $128,946 |
| 14 | Mary Norwood Pipkin Tr Fbo Methodist Home Inc, 1019880861 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2006-03 | $161,346 |
| 15 | Mary P Douglas School Mtpd Tw 1013002000 | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2006-11 | $22,173 |
| 16 | Mary R Koons Charitable Trust Uw Dtd 6-17-70 | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 2002-09 | $1,858,050 |
| 17 | Mary R Koons Trust Ua | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 2000-08 | $481,830 |
| 18 | Mary Reynolds Babcock Foundation Incorporated | 2920 Reynolda Rd, Winston Salem, NC 27106-3016 | NC | 1954-12 | $48,352,845 |
| 19 | Mary S Groff Scholarship Trust | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1974-09 | $80,548 |
| 20 | Mary S Nicklin Fbo St Michaels Episcopal Church Tuw 2513026484 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $35,647 | |
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