William Inglis Morse Tr Ua 5 Para3 Nect in Winston Salem, 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
| William Inglis Morse Tr Ua 5 Para3 Nect | |
| Employer Identification Number (EIN) | 066020428 |
| Name of Organization | William Inglis Morse Tr Ua 5 Para3 Nect |
| In Care of Name | Union Trust Co Trust Tax Dept |
| Address | 1 W 4th St, Winston Salem, NC 27101-3818 |
| Activities | Non-exempt charitable trust described in section 4947(a)(1) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 12/1970 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,513,998 |
| Amount of Income | $197,003 |
| Form 990 Revenue Amount | $67,353 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
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 | $91,423 | $83,718 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $50,521 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $40,902 | |||
| Total expenses and disbursements | $109,542 | $16,820 | $0 | $92,434 |
| Compensation of officers, directors, trustees, etc. | $20,054 | |||
| Total operating and administrative expenses | $22,702 | $16,820 | $5,594 | |
| Contributions, gifts, grants paid | $86,840 | |||
| Excess of revenue over expenses and disbursements | $-18,119 | |||
| Net investment income | $66,898 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,515,231 | $1,961,660 |
| Cash - non-interest-bearing | $-4,989 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $693,470 | |
| Investments-corporate bonds | $31,000 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $495,533 | |
| Other | $300,217 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $1,515,231 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $40,902 |
| 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 | $669 |
| Total credits and payments | $420 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $420 |
| 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 | $249 |
| 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? | 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 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 | $1,965,168 |
| Net value of noncharitable-use assets | $1,935,700 |
| Minimum investment return | $96,785 |
| Distributable Amount (for 2012) | |
| Distributable amount | $96,116 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $96,116 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $90,388 |
| 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 | William Frank Hall Tr Uw Fbo Barium Springs Home For Children | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1978-09 | $251,637 |
| 2 | William G & Helen Hoffman Foundation 2513001811 | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 2000-01 | $716,513 |
| 3 | William G & Margaret B Frasier Charitable Foundation Trust | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1974-03 | $634,816 |
| 4 | William H Dunwoody Trust Uw 1513847197 & 1513847204 | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1976-01 | $545,843 |
| 5 | William H Luden Scholarship Fund | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2009-02 | $45,599 |
| 6 | William H Sayre Td 1519030761 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $106,654 | |
| 7 | William Harold Smith Charitable Tr, Smith J Matt Ttee | 1105 Airport Rd, Marion, NC 28752-5633 | NC | 1998-09 | $1,369,829 |
| 8 | William Hawkins Youth Ministries, Project Lift | 2937 Weldon Mill Rd 2937 Weldon Mill Rd, Henderson, NC 27537 | NC | 2000-06 | $12,449 |
| 9 | William Howard Treat Trust 7 Ua | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1973-05 | $78,803 |
| 10 | William I Barbour Tuw, Attn Doug Vass | PO BOX 41966, Raleigh, NC 27629-1966 | NC | 1968-12 | $115 |
| 11 | William Inglis Morse Tr Ua 5 Para3 Nect | 1 W 4th St, Winston Salem, NC 27101-3818 | NC | 1970-12 | $197,003 |
| 12 | William J & Tina Rosenberg Foundation | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1971-02 | $1,783,021 |
| 13 | William J Cohen Trust 1513844467 | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1970-12 | $182,110 |
| 14 | William J Cohen Trust 1519032199 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $41,586 | |
| 15 | William J Maurer 4947-Ir-Tua Fbo Cancer Ins 1519163207 | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | $420,629 | |
| 16 | William J Walters Tr Uw Fd B 9246 | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 2008-04 | $570,199 |
| 17 | William M Donaldson Tr 1519155305 | 1 W 4th St, Winston Salem, NC 27101-3818 | NC | $212,789 | |
| 18 | William M Hendricks Family Foundation | 201 Rock Garden Rd, Chapel Hill, NC 27516-8747 | NC | 2001-02 | $56,122 |
| 19 | William M Reilly Decd Tw 1513075993 | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | $162,751 | |
| 20 | Comserv Foundation Founded By Wayne Williams | PO BOX 1080, Lenoir, NC 28645-1080 | NC | 1991-06 | $192,984 |
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