Neal Kay Foundation Charitable Tr in Lake Lure, 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
| Neal Kay Foundation Charitable Tr | |
| Employer Identification Number (EIN) | 752157368 |
| Name of Organization | Neal Kay Foundation Charitable Tr |
| Address | 384 Chapel Point Rd, Lake Lure, NC 28746-5516 |
| Activities | Gifts, grants, or loans to other organizations, Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 03/1987 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $123,663 |
| Amount of Income | $126 |
| Form 990 Revenue Amount | $612 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $1,070 | $2,613 | $2,613 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $9 | |||
| Dividends and interest from securities | $1,061 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $23,430 | $1,480 | $1,480 | $23,430 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,480 | $1,480 | $1,480 | |
| Contributions, gifts, grants paid | $21,950 | |||
| Excess of revenue over expenses and disbursements | $-22,360 | |||
| Net investment income | $0 | |||
| Adjusted net income | $1,133 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $140,164 | $140,164 |
| Cash - non-interest-bearing | $140,164 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $140,164 | |
| 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 | $0 |
| Total credits and payments | $200 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $200 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $200 |
| Amount to be credited to 2013 estimated tax | $200 |
| 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 | $151,315 |
| Net value of noncharitable-use assets | $149,040 |
| Minimum investment return | $7,452 |
| Distributable Amount (for 2012) | |
| Distributable amount | $7,452 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $7,452 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $7,452 |
| 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 | Ncasi Foundation | PO BOX 13318, Rtp, NC 27709-3318 | NC | 2001-05 | $62,717 |
| 2 | Ncccaea Inc | 135 Best Wood Dr, Clayton, NC 27520-5003 | NC | 2001-02 | $106,966 |
| 3 | Nccops Charitable Foundation | 1605 Clement Ct, Greensboro, NC 27410-3009 | NC | 2008-07 | $1,788 |
| 4 | Nclm Local Leadership Foundation | 308 W Jones St, Raleigh, NC 27603-1339 | NC | 2007-01 | $1,938 |
| 5 | Ncra Hospitality & Tourism Educational Foundation Inc | 6036 Six Forks Rd, Raleigh, NC 27609-3899 | NC | 2003-08 | $367,295 |
| 6 | University Of North Carolina School Of The Arts Housing Corporation | PO BOX 12189, Winston-Salem, NC 27117-2189 | NC | 2002-02 | $1,006,996 |
| 7 | Ncssm Student And Constituent Support Services Inc, Josn D Barber | PO BOX 2418, Durham, NC 27715-2418 | NC | 2007-03 | $479,863 |
| 8 | Ncta Education Foiundation Inc | 4020 Westchase Blvd Ste 350, Raleigh, NC 27607 | NC | 1999-09 | $14,961 |
| 9 | Neal Family Foundation | 11020 Dav Taylr Dr Ste 100, Charlotte, NC 28262-1102 | NC | 1994-01 | $2,180 |
| 10 | Neal Foundation Tr Agreement Ua 01062005, Neal Kent Et Al Ttee | 125 Savannah Ave, Morehead City, NC 28557-2846 | NC | 2005-03 | $235,716 |
| 11 | Neal Kay Foundation Charitable Tr | 384 Chapel Point Rd, Lake Lure, NC 28746-5516 | NC | 1987-03 | $126 |
| 12 | Nearly New Shoppe | 2424 Erwin Rd Ste G101, Durham, NC 27705-3841 | NC | 1972-05 | $382,558 |
| 13 | Nebo Volunteer Fire Department Inc | PO BOX 425, Nebo, NC 28761-0004 | NC | 2000-11 | $387,699 |
| 14 | Needham B Broughton Capital Foundation | 723 Saint Marys St, Raleigh, NC 27605-1424 | NC | 2005-03 | $28,815 |
| 15 | Needham B Broughton High School Alumni Association Inc | PO BOX 31464, Raleigh, NC 27622-1464 | NC | 1986-10 | $132,666 |
| 16 | Needham B Broughton High School Band Boosters Inc | 723 Saint Marys St, Raleigh, NC 27605-1424 | NC | 1986-10 | $207,583 |
| 17 | Needham Broughton High School Caps Club | 723 Saint Marys St, Raleigh, NC 27605-1424 | NC | 1977-04 | $247,387 |
| 18 | Neel Mccorkle Educational Foundation Nonprofit Inc | 35 Hidden Hut Rd, Salisbury, NC 28147-7868 | NC | 2008-09 | $60,000 |
| 19 | Nehemiah Community Empowerment Center Inc | 2300 S Elm-Eugene St, Greensboro, NC 27406 | NC | 2008-10 | $68,650 |
| 20 | Neighbor To Neighbor Ministries | 1200 S Blount St, Raleigh, NC 27601-2623 | NC | 1998-02 | $592,435 |
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