Maurice A Neinken Scholarship Grant 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
| Maurice A Neinken Scholarship Grant | |
| Employer Identification Number (EIN) | 237760341 |
| Name of Organization | Maurice A Neinken Scholarship Grant |
| In Care of Name | Moira Kelly |
| Address | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 |
| Activities | Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 03/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $2,724,814 |
| Amount of Income | $347,871 |
| Form 990 Revenue Amount | $62,635 |
Non-representatives - add comments:
Expenses 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 | $62,635 | $62,635 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $13 | |||
| Dividends and interest from securities | $118 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $62,504 | |||
| Total expenses and disbursements | $2,786,438 | $0 | $0 | $2,786,164 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $274 | $0 | $0 | |
| Contributions, gifts, grants paid | $2,786,164 | |||
| Excess of revenue over expenses and disbursements | $-2,723,803 | |||
| Net investment income | $62,635 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $15,278 | $15,278 |
| 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 | $0 | |
| Other | $15,278 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $15,278 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $62,504 |
| 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 | $626 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $626 |
| 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? | Yes |
| 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? | 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 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 | $405,609 |
| Net value of noncharitable-use assets | $399,520 |
| Minimum investment return | $19,976 |
| Distributable Amount (for 2011) | |
| Distributable amount | $19,350 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $19,350 |
| 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 | Maud Powell Society For Music And Education | 68 Grandview Ave, Brevard, NC 28712 | NC | 1987-03 | $0 |
| 2 | Maude B King Irrv Tr Uw | PO BOX 29522, Raleigh, NC 27626-0522 | NC | 1993-03 | $155,828 |
| 3 | Maude Bates Tr Uw Fbo Aux To Lanc Symphony Orchestra 1513100554 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2007-05 | $166,045 |
| 4 | Maude Bates Trust Uw Fbo Lanc Symphony Orchestra 1513100545 | 1 W 4th St 4th Floor, Winston Salem, NC 27101-3818 | NC | 2009-04 | $217,106 |
| 5 | Maude Cox Trust Uw 1013000182 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $38,249 | |
| 6 | Maude Myers Trust Uw Nect | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1995-09 | $58,509 |
| 7 | Maude Wyman Tw Berea College 200322 01 | 1525 W Wt Harris Blvd, Charlotte, NC 28262-8522 | NC | 1973-01 | $97,682 |
| 8 | Maude Wyman Tw Fbo Calvary Presbyterian Church 200323 01 | 1525 W Wt Harris Blvd, Charlotte, NC 28262-8522 | NC | 1973-01 | $107,161 |
| 9 | Maude Wyman Tw Fbo Wilson College 200325 01 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1973-01 | $72,486 |
| 10 | Maureen Joy Charter School | 5029 Falls Of Neuse Rd Ste 218, Raleigh, NC 27609-5498 | NC | 1997-06 | $3,404,323 |
| 11 | Maurice A Neinken Scholarship Grant | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 1994-03 | $347,871 |
| 12 | Maurice Harling Charitable Trust 4019005092 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2001-09 | $105,255 |
| 13 | Maurice J Daniels Trust Fbo Kesher Zion Synagogue 1513077223 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2003-01 | $2 |
| 14 | Maurice J Koury Foundation Inc | PO BOX 850, Burlington, NC 27216-0850 | NC | 1992-08 | $283,906 |
| 15 | Maury Volunteer Fire And Rescue Association Inc | PO BOX 217, Maury, NC 28554-0217 | NC | 1989-09 | $157,647 |
| 16 | Maverick Farms Inc | 410 Justus Rd, Banner Elk, NC 28604-8581 | NC | 2007-07 | $89,435 |
| 17 | Maxine P & Martin Epstein Family Foundation | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1987-06 | $149,084 |
| 18 | Maxton Day Care Council Inc | 407 Mundy St Apt 1, Maxton, NC 28364-2587 | NC | 1984-08 | $80,514 |
| 19 | Maxton Southeastern Fire Department Inc | 11388 Us Highway 501, Maxton, NC 28364-7678 | NC | 2001-02 | $92,949 |
| 20 | Maxwell Chambers Trust Fund Of First Presbyterian Church Elders | 308 W Fisher St, Salisbury, NC 28144-4830 | NC | 1960-08 | $28,756 |
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