Tw Childrens Home Inc Jn, Childrens Home Inc Nect in Winston Salem, North Carolina (NC)

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Tw Childrens Home Inc Jn, Childrens Home Inc Nect
Employer Identification Number (EIN)566036028
Name of OrganizationTw Childrens Home Inc Jn
Secondary NameChildrens Home Inc Nect
In Care of NameWachovia Bank Of N Carolina Na
Address1 W 4th St 4th Fl, Winston Salem, NC 27101-3818
ActivitiesNon-exempt charitable trust described in section 4947(a)(1) of the Code
Subsection4947(a)(1) - Private Foundation (Form 990PF Filer)
Ruling Date12/1900
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusTrust described in section 4947(a)(2) of the IR Code
Tax Period08/2014
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$2,777,071
Amount of Income$1,151,238
Form 990 Revenue Amount$355,506
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Residential, Custodial Care


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Amount of income in 2014: $1,151,238 (it was $1,264,311 in 2013)
This organization: 

 $1,151,238
Other organizations performing similar types of work: 

 $731,625

Assets in 2014: $2,777,071 (it was $2,840,496 in 2013)
This organization: 

 $2,777,071
Other organizations performing similar types of work: 

 $1,195,450

Expenses in 2013: $194,723
This organization: 

 $194,723
Other organizations performing similar types of work: 

 $202,302

Income to expenses ratio in 2013: 5.9
Tw Childrens Home Inc Jn, Childrens Home Inc Nect: 

 5.9
Other organizations performing similar types of work: 

 0.8

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$132,491$131,838$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$81,238
Gross rents$0
Gross sales price for all assets$1,183,073
Gross profit from sales of goods$0
Other income$0
Other$51,253
Total expenses and disbursements$194,723$29,606$0$165,117
Compensation of officers, directors, trustees, etc.$38,410
Pension plans, employee benefits$0
Legal fees$573
Accounting fees$1,392
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$41,173$29,606$11,567
Contributions, gifts, grants paid$153,550
Excess of revenue over expenses and disbursements$-62,232
Net investment income$102,232
Adjusted net income$0
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$2,922,100$3,071,346$2,903,889$3,049,818$2,840,496$3,078,013
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$2,822,299$2,815,228$2,775,748
Other assets$0$0
Total liabilities$0$0$0
Total liabilities and net assets/fund balances$2,922,100$2,903,889$2,840,496
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$249,602$103,929$51,253
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$6,571$3,079$2,045
Total credits and payments$1,368$6,572$3,079
Current year estimated tax payments and previous year's overpayment credited to current year$1,368$6,572$3,079
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$3,493$1,034
Amount to be credited to next year's estimated tax$0$3,079$1,034
Statements Regarding Activities
201120122013
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?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
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)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$3,204,051$3,017,138$3,117,223
Net value of noncharitable-use assets$2,971,881$3,070,465
Minimum investment return$157,800$148,594$153,523
Distributable Amount
201120122013
Distributable amount$151,229$145,515$151,478
Undistributed Income
201120122013
Distributable amount for this year$151,229$145,515$151,478
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
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
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$81,238$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Holland Home Foundation2100 Raybrook St Se Ste 300, Grand Rapids, MI 49546-5783MI1986-07$12,997,746
2Hamaspik Of Kings County Inc295 Division Avenue, Brooklyn, NY 11211-7549NY1998-01$11,546,025
3Mars Home For Youth FoundationPO BOX 867, Mars, PA 16046-0867PA1996-09$5,444,614
4Childrens Home Of Wilkes-BarrePO BOX 1126, Wilkes Barre, PA 18703-1126PA1942-08$5,176,912
5Boys Village Foundation IncPO BOX 518, Smithville, OH 44677-0518OH1963-11$3,150,571
6Saturno Brothers Foundation For Italian OrphansPO BOX 63954, San Francisco, CA 94163-0001CA1966-10$2,847,608
7Upstate Home For Children105 Campus Dr, Oneonta, NY 13820-6175NY1988-09$1,460,635
8Vera House Foundation Inc6181 Thompson Rd Ste 100, Syracuse, NY 13206-1420NY1991-12$1,199,517
9Tw Childrens Home Inc Jn, Childrens Home Inc Nect1 W 4th St 4th Fl, Winston Salem, NC 27101-3818NC1900-12$1,151,238
10Youth Farm Foundation Inc7225 W Plank Rd, Peoria, IL 61604-5252IL1992-02$797,797
11Southwestern Childrens Home TrustPO BOX 99102, El Paso, TX 79999-9102TX1983-06$731,625
12Youth Home Endowment TrustPO BOX 831041, Dallas, TX 75283-1041TX1980-04$512,403
13Serenity House Foundation, C-O Henry Tews891 South Route 53, Addison, IL 60101-4220IL1992-05$295,187
14General Federation Of Womens Clubs Of South Carolina, The Junior Woman's Club Of ColumbiaP O Box 476, Columbia, SC 29202SC1962-03$53,643
15Sangralea Boys FundPO BOX 20, Onward, IN 46967-0020IN1961-11$21,487
16Ciudad De Las Nieblas19940 Palomino Circle, Walnut, CA 91789CA1997-07$0
17Gregg County Childrens Fund TrustP O Box 3167, Longview, TX 75606TX1995-04$0
18Lakeview Foundation Inc1300 N Canal St, Carlsbad, NM 88220NM1992-06$0
19One Society International4435 Driftwood Pl, Boulder, CO 80301CO1995-02$0
20The Mekong Foundation Inc1300 Lafayette St, Denver, CO 80218-2306CO1995-06$0
Number of organizations performing similar types of work
California4
Colorado2
Georgia1
Iowa3
Illinois2
Indiana2
Michigan1
North Carolina1
Nebraska1
New Mexico1
New York10
Ohio3
Pennsylvania2
South Carolina1
Texas3
Total37

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