Luke 12 48 Trust in Bryson City, 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
| Luke 12 48 Trust | |
| Employer Identification Number (EIN) | 270074016 |
| Name of Organization | Luke 12 48 Trust |
| In Care of Name | Pat Kuhl |
| Address | 309 Nelson Rd, Bryson City, NC 28713-8711 |
| Subsection | Charitable Organization |
| Ruling Date | 02/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $80,098 |
| Amount of Income | $52,094 |
| Form 990 Revenue Amount | $18,217 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Named Trusts/Foundations (Not Elsewhere Classified) |
Non-representatives - add comments:
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 | $21,243 | $21,243 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $21,243 | |||
| Total expenses and disbursements | $57,973 | $55,973 | $0 | $2,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $55,973 | $55,973 | $0 | |
| Contributions, gifts, grants paid | $2,000 | |||
| Excess of revenue over expenses and disbursements | $-36,730 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $80,098 | $180,523 |
| Cash - non-interest-bearing | $3,552 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $74,420 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,126 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $80,098 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $21,243 |
| 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 | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| 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? | Yes |
| 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 | $172,740 |
| Net value of noncharitable-use assets | $170,140 |
| Minimum investment return | $8,507 |
| Distributable Amount (for 2012) | |
| Distributable amount | $8,507 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $8,507 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| 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 | Mary Welch Tr Uw 082492 313-130294 | 1 W 4th St 4th Flr, Winston Salem, NC 27101-3818 | NC | 1995-08 | $288,315 |
| 2 | Mary Zita Turtle Trust 309-100877 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1977-01 | $254,900 |
| 3 | Maurice J Masserini Charitable Trust | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1985-03 | $833,969 |
| 4 | May D Judd Tr Ua 030488 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1989-03 | $225,067 |
| 5 | May T Morrison Memrl Foundation Fbo San Frnsco Symphony Asso Assoc | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1971-08 | $201,490 |
| 6 | Mazie Georgiana Krebs Endowment Fund | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1997-08 | $239,140 |
| 7 | Mckeever Family Trust | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2006-07 | $1,533,303 |
| 8 | Low-Level Radioactive Waste Forum | 1230 Se Maynard Rd Ste 103, Cary, NC 27511-6945 | NC | 2001-11 | $466,848 |
| 9 | Martindale Foundation Inc | 68 Crescent Trl Ste 21, Highlands, NC 28741-8615 | NC | 1998-07 | $10 |
| 10 | Marvin & Lillie Mae Johns Scholarship Fund | PO BOX 2907, Wilson, NC 27894-2907 | NC | 1989-10 | $15,085 |
| 11 | Luke 12 48 Trust | 309 Nelson Rd, Bryson City, NC 28713-8711 | NC | 2004-02 | $52,094 |
| 12 | Management Education Alliance | 6000 Fairview Rd Ste 540, Charlotte, NC 28210-2204 | NC | 1995-01 | $64,805 |
| 13 | Maryland-District Of Columbia- Delaware Broadcasters Association | PO BOX 342, Raleigh, NC 27602-0342 | NC | 1965-02 | $496,074 |
| 14 | Marcel K Lynum Trust | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1992-11 | $1,787,004 |
| 15 | Margaret Ames Memorial Fund | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1999-12 | $250,274 |
| 16 | Marguerite L Gilmore Charitable Foundation | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2008-08 | $656,399 |
| 17 | Lovelady Rescue Squad Inc | PO BOX 484, Granite Falls, NC 28630-0484 | NC | 1966-12 | $143,205 |
| 18 | Lovelady Volunteer Fire Department Incorporated | PO BOX 126, Rutherfrd Clg, NC 28671-0126 | NC | 1992-05 | $380,178 |
| 19 | Lovett Foundation | 10 Stump Tree Ln, Winston Salem, NC 27106-5749 | NC | 1993-05 | $338,781 |
| 20 | Loving Arms Outreach | PO BOX 46321, Raleigh, NC 27620 | NC | 2007-06 | $5,000 |
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