N R Burroughs Educational Fund in Wilson, 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
| N R Burroughs Educational Fund | |
| Employer Identification Number (EIN) | 521303602 |
| Name of Organization | N R Burroughs Educational Fund |
| In Care of Name | Piedmont Trust Bank |
| Address | PO BOX 2907, Wilson, NC 27894-2907 |
| Activities | Student loans |
| Subsection | Charitable Organization |
| Ruling Date | 02/1984 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2011 |
| Assets | $0 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $0 |
| Amount of Income | $2,577,195 |
| Form 990 Revenue Amount | $451,908 |
Non-representatives - add comments:
Revenue for 2011
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 | $451,908 | $446,005 | $0 | |
| Contributions, gifts, grants, etc., received | $5,903 | |||
| Interest on savings and temporary cash investments | $16,181 | |||
| Dividends and interest from securities | $56,393 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $73 | |||
| Other | $373,358 | |||
| Total expenses and disbursements | $3,112,071 | $62,174 | $0 | $3,048,722 |
| Compensation of officers, directors, trustees, etc. | $16,476 | |||
| Total operating and administrative expenses | $63,358 | $62,174 | $9 | |
| Contributions, gifts, grants paid | $3,048,713 | |||
| Excess of revenue over expenses and disbursements | $-2,660,163 | |||
| Net investment income | $383,831 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $0 | $0 |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $373,358 |
| 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 | $3,838 |
| Total credits and payments | $584 |
| 2011 estimated tax payments and 2010 overpayment credited to 2011 | $584 |
| 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 | $3,254 |
| 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? | 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? | 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 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 | $2,314,712 |
| Net value of noncharitable-use assets | $2,280,000 |
| Minimum investment return | $114,000 |
| Distributable Amount (for 2011) | |
| Distributable amount | $224,492 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $224,492 |
| 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 | N C Dare Drug Abuse Resistance Education Foundation | 1401 Shamrock Dr, Burlington, NC 27215-7128 | NC | 1992-03 | $18,789 |
| 2 | N C Fallen Firefighters Foundation | 2501 Blue Ridge Rd Ste 250, Raleigh, NC 27607-6346 | NC | 2000-09 | $100,561 |
| 3 | N C Foodservice & Lodging Suppliers Association Inc | PO BOX 9207, Hickory, NC 28603-9207 | NC | 1979-06 | $339,754 |
| 4 | N C Forestry Association | 1600 Glenwood Ave, Raleigh, NC 27608-2356 | NC | 2002-07 | $821,878 |
| 5 | N C Laser Hair Reduction Safetyassociation | 135 W Lexington Ave, High Point, NC 27262-2531 | NC | 2008-02 | $200 |
| 6 | North Carolina Masonry Contractors Association | PO BOX 3463, Hickory, NC 28603-3463 | NC | 1979-12 | $252,638 |
| 7 | N C Minoritywomen Business Enterprise Coordinators Network | PO BOX 1856, Raleigh, NC 27602-1856 | NC | 2001-12 | $27,794 |
| 8 | N C State Optometric Society Inc | 150 Fayetteville St Ste 920, Raleigh, NC 27601-2958 | NC | 1964-11 | $316,110 |
| 9 | N C Vegetable Growers Assn | PO BOX 58220, Raleigh, NC 27658-8220 | NC | 1999-04 | $98,849 |
| 10 | N C Winegrowers Association Inc | 333 Merrifield Way, Winston Salem, NC 27127-9195 | NC | 1995-03 | $58,561 |
| 11 | N R Burroughs Educational Fund | PO BOX 2907, Wilson, NC 27894-2907 | NC | 1984-02 | $2,577,195 |
| 12 | Naaahr-Charlotte Chapter Inc, Naaahr-Charlotte | PO BOX 563043, Charlotte, NC 28256-3043 | NC | 2007-05 | $2,049 |
| 13 | Nags Head Surf Fishing Club Of North Carolina Inc | PO BOX 181, Nags Head, NC 27959-0181 | NC | 1978-07 | $52,546 |
| 14 | Nags Head Volunteer Fire Dept Inc | PO BOX 996, Nags Head, NC 27959-0996 | NC | 1987-03 | $83,537 |
| 15 | Nahikian Family Foundation 2019896078 | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 2006-06 | $409,741 |
| 16 | Nahunta Volunteer Fire Department Inc | PO BOX 5, Pikeville, NC 27863-0005 | NC | 1993-08 | $172,937 |
| 17 | Nahunta Volunteer Fire Departmentauxilary Inc | PO BOX 5, Pikeville, NC 27863-0005 | NC | 2008-01 | $24,031 |
| 18 | Naifa North Carolina | 875 Washington St Ste 1, Raleigh, NC 27605-3252 | NC | 1953-10 | $267,966 |
| 19 | Naiop Charlotte Chapter | 1300 Baxter St Ste 360, Charlotte, NC 28204-3800 | NC | 1996-12 | $114,780 |
| 20 | Nakina Fire & Rescue Squad Inc | 214 Ramsey Ford Rd, Nakina, NC 28455-8939 | NC | 2004-04 | $310,374 |
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