Trustees Of The Estate Of S Mckay Smith in Saint Pauls, 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
| Trustees Of The Estate Of S Mckay Smith | |
| Employer Identification Number (EIN) | 566061553 |
| Name of Organization | Trustees Of The Estate Of S Mckay Smith |
| In Care of Name | W Osborne Lee Atty |
| Address | PO BOX 7, Saint Pauls, NC 28384-0007 |
| Activities | Other school related activities |
| Subsection | Educational Organization, Literary Organization |
| Ruling Date | 06/1948 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $55,043 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $13 |
Non-representatives - add comments:
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 | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $660 | $0 | $0 | $660 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $660 | $0 | $660 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-660 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $55,043 | $55,043 |
| Cash - non-interest-bearing | $687 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $54,356 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $55,043 | |
| 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 | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| 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 | $55,152 |
| Net value of noncharitable-use assets | $54,320 |
| Minimum investment return | $2,716 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $13 | $282 | $56 | $351 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $2,386 | $6,231 | $5,869 | $14,486 |
| 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 | $1,841 | $2,006 | $2,303 | $6,150 |
| 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 | True Daughters Inc | PO BOX 19684, Raleigh, NC 27619-9684 | NC | 2008-02 | $82,053 |
| 2 | True Freedom Ministry | Po Oox 1368, Winterville, NC 28590 | NC | 2005-11 | $5,935 |
| 3 | True North Foundation | PO BOX 18, Currie, NC 28435-0018 | NC | 2006-11 | $757,776 |
| 4 | Truman And Judy Doggett Family Foundation | 2218 Scalesville Rd, Summerfield, NC 27358-9704 | NC | 2002-11 | $211,573 |
| 5 | Trust Education Foundation Inc | PO BOX 218, Buies Creek, NC 27506-0218 | NC | 1976-08 | $366,035 |
| 6 | Trust U/W G G Gilmore Sr For Dr Clyde M Gilmore Memorial Park Corp | PO BOX 173, Julian, NC 27283-0173 | NC | 1963-12 | $107,478 |
| 7 | Trust Under Will Of I Minis Hays | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1974-02 | $1,422,489 |
| 8 | Trust Uw Edwin Swift Balch | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1980-07 | $937,552 |
| 9 | Trust Uw Gladys Putscher Fbo, 2513025449 | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 2005-12 | $46,256 |
| 10 | Trustees Of The Employees Ila Afl Cio Containerization Vacation Plan | PO BOX 1116, Wilmington, NC 28402-1116 | NC | 1980-02 | $7,552,621 |
| 11 | Trustees Of The Estate Of S Mckay Smith | PO BOX 7, Saint Pauls, NC 28384-0007 | NC | 1948-06 | $1 |
| 12 | Trustees Of The Schiele Museum Inc | 1500 E Garrison Blvd, Gastonia, NC 28054-5133 | NC | 1961-07 | $1,314,036 |
| 13 | Tryon Arts And Crafts Inc | 373 Harmon Field Rd, Tryon, NC 28782-9631 | NC | 1967-10 | $692,637 |
| 14 | Tryon Concert Association Inc | PO BOX 32, Tryon, NC 28782-0032 | NC | 2006-05 | $78,258 |
| 15 | Tryon Country Club Inc | 393 Country Club Rd, Tryon, NC 28782-9619 | NC | 1980-07 | $436,877 |
| 16 | Tryon Downtown Development, Tdda | Po Box 182, Tryon, NC 28782 | NC | 2000-01 | $0 |
| 17 | Tryon Fine Arts Center Inc | 34 Melrose Ave, Tryon, NC 28782-3392 | NC | 1967-09 | $1,065,404 |
| 18 | Tryon Garden Club Inc | PO BOX 245, Tryon, NC 28782-0245 | NC | 2007-09 | $152,659 |
| 19 | Tryon Little Theatre Inc | PO BOX 654, Tryon, NC 28782-0654 | NC | 1975-02 | $101,291 |
| 20 | Tryon Road Improvement Corp | PO BOX 2185, Raleigh, NC 27602-2185 | NC | 1993-02 | $1 |
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