Mazanec Charitable Tr, First Union National Bank Ttee in Charlotte, North Carolina (NC)

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Mazanec Charitable Tr, First Union National Bank Ttee
Employer Identification Number (EIN)256758363
Name of OrganizationMazanec Charitable Tr
Secondary NameFirst Union National Bank Ttee
In Care of NameEvergreen Trust Company
Address1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262-8522
SubsectionCharitable Organization
Ruling Date11/2001
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$179,026
Amount of Income$75,747
Form 990 Revenue Amount$8,627
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2011: $75,747 (it was $190,033 in 2010)
Mazanec Charitable Tr, First Union National Bank Ttee: 

 $75,747
Other organizations performing similar types of work: 

 $103,138

Assets in 2011: $179,026 (it was $184,312 in 2010)
Mazanec Charitable Tr, First Union National Bank Ttee: 

 $179,026
Other organizations performing similar types of work: 

 $338,623

Expenses in 2011: $13,869
Mazanec Charitable Tr, First Union National Bank Ttee: 

 $13,869
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2011: 5.5
Mazanec Charitable Tr, First Union National Bank Ttee: 

 5.5
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2011: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 79.6%

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$8,627$8,515$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$4,169
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$4,458
Total expenses and disbursements$13,869$3,169$0$9,380
Compensation of officers, directors, trustees, etc.$4,121
Total operating and administrative expenses$9,855$3,169$5,366
Contributions, gifts, grants paid$4,014
Excess of revenue over expenses and disbursements$-5,242
Net investment income$5,346
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$179,026$185,264
Cash - non-interest-bearing$182
Investments-U.S. and state government obligations$0
Investments-corporate stock$126,893
Investments-corporate bonds$43,473
Investments-mortgage loans$0
Investments-other$0
Other$8,478
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$179,026
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$4,458
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$107
Total credits and payments$658
2011 estimated tax payments and 2010 overpayment credited to 2011$658
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$551
Amount to be credited to 2012 estimated tax$108
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?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 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$199,556
Net value of noncharitable-use assets$196,560
Minimum investment return$9,828
Distributable Amount (for 2011)
Distributable amount$9,721
Undistributed Income (for 2011)
Distributable amount for 2011$9,721
Undistributed income for 2011. This amount must be distributed in 2012$8,170
Private Operating Foundations (for 2011)
2011201020092008Total
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1High Point Community Health Fund Inc406 Lindsay St, High Point, NC 27262-4830NC2014-07$30,014,634
2E & S Van Houten Memorial Fund 25138513221525 W W T Harris Blvd, Charlotte, NC 28262-8522NC2009-09$8,453,597
3Samuel L Phillips Family Foundation1525 W W T Harris Blvd, Charlotte, NC 28262-8522NC2002-03$7,901,122
4The@peggy Ann Triplett Foundation, William A Vestal Ttee2512 Independence Blvd Ste 100, Wilmington, NC 28412-2469NC2008-08$7,309,142
5Ulmer Edward M Decd1 W 4th St 4th Fl, Winston Salem, NC 27101-3818NC2000-01$6,784,776
6Belk Foundation2801 W Tyvola Rd, Charlotte, NC 28217-4525NC2009-07$5,860,596
7Phil & Gerry Rominger Foundation4241 Beech Creek Trl, Efland, NC 27243-9271NC2001-06$5,700,942
8Pisgah Investments Foundation IncPO BOX 5663, Asheville, NC 28813-5663NC2014-08$5,409,643
9Cecile G Ebert Charitable FoundationPO BOX 5596, Mooresville, NC 28117-0596NC2012-11$4,697,347
10K Josh Mize & Wynona Owen Mize Charitable Trust Dtd 2-23-10PO BOX 2907, Wilson, NC 27894-2907NC2011-04$4,682,812
11Szulik Family Foundation, Szulik Matthew J Ttee3717 William J Cowan Wynd, Raleigh, NC 27612-5399NC2011-12$4,660,848
12Gratis Foundation1525 W W T Harris Blvd, Charlotte, NC 28262-8522NC2009-02$4,081,983
13Scappaticci-Steinberg Fndtn, 65268968801525 W W T Harris Blvd, Charlotte, NC 28262-8522NC2005-11$3,859,293
14Bayville Foundation301 S Tryon Street Suite 1820, Charlotte, NC 28282-1915NC2013-02$3,852,289
15The@dee-Dee And Cam Harris Family Foundation3247 Seven Eagles Rd, Charlotte, NC 28210-5938NC2009-02$2,645,379
16Harry Kramer Memorial Fund, August Leslie J Ttee1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818NC2011-10$2,318,232
17Seh Tabitha Foundation Inc128 S Tryon St Ste 1580, Charlotte, NC 28202-5007NC2007-03$2,265,482
18Harry E Canaday Fund, Catherine Canaday Mclamb Ttee2615 Churchill Rd, Raleigh, NC 27608-1947NC2010-07$2,263,693
19James And Mildred Wilkinson Charitable Tr928 Harvest Rd, Durham, NC 27704-5216NC2010-05$2,246,475
20Jwc Foundation1525 W W T Harris Blvd, Charlotte, NC 28262-8522NC2013-07$2,221,689
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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