Herbert T & Agnes F Middleton Trust 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
| Herbert T & Agnes F Middleton Trust | |
| Employer Identification Number (EIN) | 066043013 |
| Name of Organization | Herbert T & Agnes F Middleton Trust |
| Address | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 03/1982 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $500,000 to $999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $927,993 |
| Amount of Income | $402,512 |
| Form 990 Revenue Amount | $45,767 |
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 | $83,671 | $83,209 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $23,760 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $59,911 | |||
| Total expenses and disbursements | $39,661 | $10,558 | $0 | $28,577 |
| Compensation of officers, directors, trustees, etc. | $13,577 | |||
| Total operating and administrative expenses | $15,355 | $10,558 | $4,271 | |
| Contributions, gifts, grants paid | $24,306 | |||
| Excess of revenue over expenses and disbursements | $44,010 | |||
| Net investment income | $72,651 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $929,435 | $961,546 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $890,516 | |
| Other | $38,919 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $929,435 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $59,911 |
| 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 | $1,453 |
| Total credits and payments | $723 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $723 |
| 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 | $730 |
| 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 | $935,587 |
| Net value of noncharitable-use assets | $921,560 |
| Minimum investment return | $46,078 |
| Distributable Amount (for 2012) | |
| Distributable amount | $44,625 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $44,625 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $29,195 |
| 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 | Henry P Beck Trust Uw Fbo Masonic Home Of Va 1013000850 1013000869 | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2006-10 | $378,636 |
| 2 | Henry P Erdman Tw 13493 0-7 | 1525 W W T Harris Blvd D1114 044, Charlotte, NC 28288-0001 | NC | 2009-02 | $19,395 |
| 3 | Henry P Fbo Churches 4947-Tuw 1513091172 | 100 N Main St, Winston Salem, NC 27150-0001 | NC | $1,647 | |
| 4 | Henry P Staats Irrv Tr Ua 730454100, Staats Henry P Ttee | 1525 W Wt Harris Blvd, Charlotte, NC 28288-0001 | NC | $7,237 | |
| 5 | Henry Richard Clinton Trust 4013001829 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1972-01 | $273,420 |
| 6 | Henry S Williamson Fbo Morisvle 1513106111 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $6,779 | |
| 7 | Henry S Zaytoun Sr And Martha Nassif Zaytoun Family Foundation | 5041 Six Forks Rd Ste 200, Raleigh, NC 27609-4494 | NC | 2000-06 | $9,948 |
| 8 | Henry Seeman Post 2740 Veterans Of Foreign Wars Of The United States, 2740 Henry Seeman Post | PO BOX 15145, Durham, NC 27704-0145 | NC | 1965-01 | $50,717 |
| 9 | Henry W Watson Decd Char Tw 1507006800 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $2,069,718 | |
| 10 | Herbert And Peggy Stockham Foundation | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 2001-04 | $471,259 |
| 11 | Herbert T & Agnes F Middleton Trust | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1982-03 | $402,512 |
| 12 | Herbert T Helb Tuw No 2001, Fiduciary Tax Dept Pa1308 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $2,401,447 | |
| 13 | Heres Life Of Winston-Salem Inc, Life Builders Of Wilmington | 4701 Wrightsville Avenue No A-4, Wilmington, NC 28403-6920 | NC | 1978-12 | $530 |
| 14 | Heritage Bible College | PO BOX 1628, Dunn, NC 28335-1628 | NC | 1980-03 | $866,953 |
| 15 | Heritage Christian Academy Inc | PO BOX 2138, Sylva, NC 28779-2138 | NC | 2008-09 | $283,087 |
| 16 | Heritage Christian School | 239 Mount Herman Rd, Hudson, NC 28638-2339 | NC | 2001-07 | $425,215 |
| 17 | Heritage Dance Foundation Inc | 2709 Medical Office Pl, Goldsboro, NC 27534-9458 | NC | 1992-07 | $167,352 |
| 18 | Heritage Hills Recreation Club Inc | PO BOX 895, Carrboro, NC 27510-0895 | NC | 1977-03 | $230,271 |
| 19 | Heritage Partners Of Cherokee County | 16 Boulevard Street, Murphy, NC 28906 | NC | 2003-01 | $0 |
| 20 | Herman Keisler Charitable Tr | PO BOX 2907, Wilson, NC 27894-2907 | NC | 2009-01 | $280,512 |
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