The Byerly Foundation in Hartsville, South Carolina (SC)

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The Byerly Foundation
Employer Identification Number (EIN)570324909
Name of OrganizationThe Byerly Foundation
AddressPO BOX 1925, Hartsville, SC 29551-1925
ActivitiesGifts, grants, or loans to other organizations, Supplying money, goods or services to the poor
SubsectionCharitable Organization
Ruling Date01/1939
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$20,958,791
Amount of Income$4,146,560
Form 990 Revenue Amount$2,025,740
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Public Foundations

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Amount of income in 2012: $4,146,560 (it was $2,025,740 in 2011)
The Byerly Foundation: 

Other organizations performing similar types of work: 


Assets in 2012: $20,958,791 (it was $19,964,526 in 2011)
The Byerly Foundation: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$2,025,740$2,025,740$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$452,810
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$449,523$85,535$0$792,939
Compensation of officers, directors, trustees, etc.$47,804
Total operating and administrative expenses$308,723$85,535$175,726
Contributions, gifts, grants paid$140,800
Excess of revenue over expenses and disbursements$1,576,217
Net investment income$1,940,205
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$19,964,526$19,257,756
Cash - non-interest-bearing$46,711
Investments-U.S. and state government obligations$1,243,533
Investments-corporate stock$2,791,428
Investments-corporate bonds$3,494,981
Investments-mortgage loans$0
Total liabilities$528,158
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$19,436,368
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$1,572,930
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$38,804
Total credits and payments$38,804
2011 estimated tax payments and 2010 overpayment credited to 2011$6,304
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$32,500
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?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)?Yes
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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$21,234,610
Net value of noncharitable-use assets$20,916,100
Minimum investment return$1,045,805
Distributable Amount (for 2011)
Distributable amount$1,007,001
Undistributed Income (for 2011)
Distributable amount for 2011$1,007,001
Undistributed income for 2011. This amount must be distributed in 2012$790,198
Private Operating Foundations (for 2011)
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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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Roswell Park Alliance FoundationElm And Carlton St, Buffalo, NY 14263-0001NY1996-08$37,878,787
2Science Foundation Arizona400 E Van Buren St Ste 200, Phoenix, AZ 85004-2288AZ2006-11$18,486,657
3St Andrews Charitable Foundation6633 Delmar Blvd, St Louis, MO 63130-4505MO2008-01$1,179,836
4Tma Support Corporation2427 M L K Jr Ave Se, Washington, DC 20020-5815DC2006-10$709,645
5Rotary Club Of Coralsprings-Parkland Foundation Inc2953 W Cypress Crk Rd Ste 200, Ft Lauderdale, FL 33309-1765FL2007-03$49,944
6The Byerly FoundationPO BOX 1925, Hartsville, SC 29551-1925SC1939-01$4,146,560
7Sertoma International Sponsorship, 10943 Olde CharlestownePO BOX 31459, Charleston, SC 29417-1459SC1964-01$1,145,244
8Sertoma Inc, 10522 North Augusta Sertoma ClubPO BOX 6184, North Augusta, SC 29861-6184SC1964-01$1,087,434
9School Foundation Inc320 W Cheves St, Florence, SC 29501-4437SC2000-03$896,730
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11Wateree Dreams Foundation273 Blue Heron Dr, Rock Hill, SC 29732-8832SC1999-03$353,932
12Lexington High Booster Club, George R Rish Sole MbrPO BOX 2048, Lexington, SC 29071-2048SC2010-09$258,524
13Ray Tanner Foundation709 Woodrow St Pmb 201, Columbia, SC 29205-1733SC2005-12$199,927
14Sertoma Inc, 10071 Charleston Sertoma Club100 Calhoun St Ste 300, Charleston, SC 29401-3542SC1964-01$162,264
15Sertoma Inc, 10478 Grand Strand Sertoma ClubPO BOX 1389, Myrtle Beach, SC 29578-1389SC1964-01$128,545
16Sertoma Foundation, Uptown Sertoma Club Of SpartanburgPo Box 6404, Spartanburg, SC 29304SC1964-01$87,000
17Sertoma Inc, 10370 Aiken Sertoma ClubPO BOX 2065, Aiken, SC 29802-2065SC1964-01$69,768
18Greenwood Genetic Center Foundation101 Gregor Mendel Cir, Greenwood, SC 29646-2316SC1999-01$67,864
19Push Up And Up IncPO BOX 550, Sullivans Is, SC 29482-0550SC2011-09$52,513
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Number of organizations performing similar types of work
District of Columbia90
North Carolina319
North Dakota33
New Hampshire73
New Jersey503
New Mexico55
New York1,060
Rhode Island53
South Carolina141
South Dakota35
West Virginia55
Total12,352 is not associated with, endorsed by, or sponsored by The Byerly Foundation and has no official or unofficial affiliation with The Byerly Foundation