Don & Frances Parks Charitable Trust in N Little Rock, Arkansas (AR)

Don & Frances Parks Charitable Trust
Employer Identification Number (EIN)	716132645
Name of Organization	Don & Frances Parks Charitable Trust
Address	42 Heritage Park Cir, N Little Rock, AR 72116-8568
Activities	Non-exempt charitable trust described in section 4947(a)(1) of the Code
Subsection	Charitable Organization
Ruling Date	06/1988
Foundation	Private operating foundation (other)
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$25,000 to $99,999
Income	$10,000 to $24,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$91,652
Amount of Income	$18,824
Form 990 Revenue Amount	$8,133

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2014)
Total revenue	$10,388	$5,388	$0
Contributions, gifts, grants, etc., received	$5,000
Interest on savings and temporary cash investments	$3
Dividends and interest from securities	$465
Gross rents	$0
Gross sales price for all assets	$13,356
Gross profit from sales of goods	$0
Other income	$0
Other	$4,920
Total expenses and disbursements	$17,465	$0	$0	$16,490
Compensation of officers, directors, trustees, etc.	$0
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$925
Interest	$0
Depreciation	$0
Occupancy	$0
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$975	$0		$0
Contributions, gifts, grants paid	$16,490
Excess of revenue over expenses and disbursements	$-7,077
Net investment income		$5,388
Adjusted net income			$0

	2011		2012		2013		2014
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$120,065	$70,851	$111,870	$62,366	$98,729	$58,115	$91,652	$53,003
Cash - non-interest-bearing	$2,330		$9,247		$0		$0
Investments-U.S. and state government obligations	$0		$0		$0		$0
Investments-corporate stock	$117,278		$102,173		$78,384		$72,455
Investments-corporate bonds	$0		$0		$0		$0
Investments-mortgage loans	$0		$0		$0		$0
Investments-other	$0		$0		$0		$0
Other assets					$0		$0
Total liabilities	$0		$1		$1		$1
Mortgages and other notes payable	$0		$0		$0		$0
Other liabilities					$0		$0
Total liabilities and net assets/fund balances	$120,065		$111,870		$98,729		$91,652

	2011	2012	2013	2014
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$5,261	$0	$4,487	$4,920
Net capital loss	$0	$-1,112	$0	$0

	2011	2012	2013	2014
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No	No
Tax based on investment income	$57	$5	$50	$54
Total credits and payments	$57	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0	$0
Tax due			$50	$54
Overpayment			$0	$0
Amount to be credited to next year's estimated tax	$0	$0	$0	$0

	2011	2012	2013	2014
Statements Regarding Activities
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	No	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?			No	No
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?			No	No
Has the foundation filed a tax return on Form 990-T for this year?			No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?			Yes	Yes
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?	No	No	No	No
Did any persons become substantial contributors during the tax year?			Yes	Yes
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?			No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?			Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041			No	No

	2011	2012	2013	2014
Statements Regarding Activities for Which Form 4720 May Be Required
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	No	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	No	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	No	No	No
Agree to pay money or property to a government official?	No	No	No	No
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?			No	No
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?			No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No	No
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?			No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No	No
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?	No	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No	No
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?			No	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	No	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	No	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	No	No	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	No	No	No
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?			No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?			No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?			No	No

	2011	2012	2013	2014
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$80,832	$61,212	$58,198	$56,201
Net value of noncharitable-use assets			$57,325	$55,358
Minimum investment return	$3,981	$3,015	$2,866	$2,768

	2011	2012	2013	2014
Distributable Amount
Distributable amount	$3,924	$3,010	$2,816	$2,714

	2011	2012	2013	2014
Undistributed Income
Distributable amount for this year	$3,924	$3,010	$2,816	$2,714
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$0	$0

	2014	2013	2012	2011	Total
Private Operating Foundations (for 2011 - 2014)
The lesser of the adjusted net income or the minimum investment return	$1	$0	$0	$0	$1
Qualifying distributions made directly for active conduct of exempt activities	$0	$0	$0	$0	$0
Value of all assets	$1	$0	$0	$0	$1
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 2014)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2014)
Program service revenue
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$3	$0
Dividends and interest from securities	$465	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
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:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review

Would you recommend Don & Frances Parks Charitable Trust to others? (optional)

Yes

Add photo of Don & Frances Parks Charitable Trust (optional)

About You

Your nickname:
I have read, and agree to the Terms of Service

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

	Log in» \| Register - it's free and very quick!
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
	Show my IP address (3.148.115.xxx) to everybody
	Leave your signature» Clear Make my signature public

Recently Added Reviews
Divine Truth Ministries in N Little Rock, AR
Elite Programs Of Halos in N Little Rock, AR
Community Chapel Pentecostal Church Of God in N Little Rock, AR
Pilgrim Progress Baptist Church in N Little Rock, AR
Storks Nest Charity Fund in Little Rock, AR
Bibles For Belize in Vilonia, AR
Lost Cherokee Nation Tribal Association Inc in Dover, AR
Divine Destiny Ministries in Fort Smith, AR
Gods Feeding Hands in Mena, AR
Beckham Ridge Ministries in Mountain View, AR

Recently Added Reviews

Divine Truth Ministries in N Little Rock, AR

Elite Programs Of Halos in N Little Rock, AR

Community Chapel Pentecostal Church Of God in N Little Rock, AR

Pilgrim Progress Baptist Church in N Little Rock, AR

Storks Nest Charity Fund in Little Rock, AR

Bibles For Belize in Vilonia, AR

Lost Cherokee Nation Tribal Association Inc in Dover, AR

Divine Destiny Ministries in Fort Smith, AR

Gods Feeding Hands in Mena, AR

Beckham Ridge Ministries in Mountain View, AR

Id	Name	Address	State	Established	Total Income
Other organizations in Arkansas
1	Tannenbaum Property Owners Association Inc	PO BOX 92, Drasco, AR 72530-0092	AR	1972-04	$109,132
2	Divine Appointment Ministry	4215 Hilltop Way, Van Buren, AR 72956	AR	2008-04	$0
3	Divine Truth Ministries	800 Bertha Ave, N Little Rock, AR 72117-2348	AR	2007-01	$69,790
4	Dixieland Garden Senior Complex Inc	PO BOX 1795, Harrison, AR 72602-1795	AR	2005-07	$89,408
5	Thirst N Howl	14710 Cantrell Road Ste 1-A, Little Rock, AR 72223-4253	AR	2006-09	$0
6	Dlt Event Management Inc	111 Evonshire Dr, Arkadelphia, AR 71923-5449	AR	2002-08	$321,099
7	North Arkansas Senior Housing Of Bull Shoals And Gravette Inc, Northvale Shopping Center	PO BOX 1795, Harrison, AR 72602-1795	AR	1991-07	$384,610
8	Dogwood Community Water Association Inc	1500 Kari Ln, Blytheville, AR 72315-5160	AR	1972-07	$182,626
9	Dogwood Literacy Council Siloam Springs Arkansas	100 S Broadway St, Siloam Spgs, AR 72761-3128	AR	1991-03	$55,576
10	Dominion Community Development Corp	4511 Faucett Rd, Pine Bluff, AR 71603	AR	2002-01	$65,621
11	Don & Frances Parks Charitable Trust	42 Heritage Park Cir, N Little Rock, AR 72116-8568	AR	1988-06	$18,824
12	Donald Edward Harkey Foundation	PO BOX 3010, Russellville, AR 72811-3010	AR	1992-12	$143,618
13	Don Krow Ministries	10065 Sun Ridge Cir, Rogers, AR 72756-8138	AR	2006-07	$99,043
14	Dora Rural Water Users Association Inc	4637 Dora Rd, Van Buren, AR 72956-6842	AR	1973-01	$52,536
15	Dorcheat Community Water Association	71 Highway 160, Magnolia, AR 71753	AR	2002-08	$381,746
16	Dortha Sue Greene Foundation Inc	10583 Ervin Mcgarrah Rd, Lowell, AR 72745-8562	AR	2002-07	$1,398,220
17	Doss T Sutton Charitable Foun	723 Garrison Ave, Fort Smith, AR 72901-2403	AR	1964-07	$866,196
18	Dota Public Water Authority	PO BOX 128, Cord, AR 72524-0128	AR	1983-10	$427,751
19	Double Wells Assembly Of God	12924 Sulphur Springs Rd, Pine Bluff, AR 71603-8045	AR	1964-08	$0
20	Doug Compton Ministries Inc	7074 Highway 139, Paragould, AR 72450-7316	AR	2009-08	$185,227

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Don & Frances Parks Charitable Trust and has no official or unofficial affiliation with Don & Frances Parks Charitable Trust