Reginald A Young Charitable Foundation in Denver, 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
| Reginald A Young Charitable Foundation | |
| Employer Identification Number (EIN) | 042752657 |
| Name of Organization | Reginald A Young Charitable Foundation |
| In Care of Name | Wireway Co |
| Address | PO BOX 6, Denver, NC 28037-0006 |
| Subsection | Charitable Organization |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Association |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $55,788 |
| Amount of Income | $50,004 |
| Form 990 Revenue Amount | $26 |
Non-representatives - add comments:
Revenue 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 | $40 | $5 | $0 | |
| Contributions, gifts, grants, etc., received | $35 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $5 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $35 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $35 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $5 | |||
| Net investment income | $5 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $20,780 | $20,780 |
| 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 | $0 | |
| Other | $20,780 | |
| Total liabilities | $50 | |
| Mortgages and other notes payable | $0 | |
| Other | $50 | |
| Total liabilities and net assets/fund balances | $20,730 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| 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? | 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 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 | $20,778 |
| Net value of noncharitable-use assets | $20,460 |
| Minimum investment return | $1,023 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,023 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,023 |
| 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 | Robert J Keown Private Foundation 343-3307230-000 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1984-12 | $608,799 |
| 2 | Robert S & Helen P Odell Fund | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1967-03 | $8,466,417 |
| 3 | Rosalie C Rohr Tr Uw 36-104266 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1980-06 | $426,710 |
| 4 | Rose S Baruch Trust 309-018196 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $684,169 | |
| 5 | Rosemary Hancock Smurr Tr 1-33-8383-00 Nect, First Interstate Bank Ttee | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1999-08 | $1,043,683 |
| 6 | Puppies Under Protection Inc, Dba The Puppy Patch | 200 Peaachtree Mtn Est Rd, Murphy, NC 28906 | NC | 1999-06 | $0 |
| 7 | Richard Eckerd Foundation Inc | 317 Charlotte St, Asheville, NC 28801-1416 | NC | 1989-11 | $656,746 |
| 8 | Right Hand Charitable Foundation | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 2009-04 | $302,137 |
| 9 | Rocky Branch Evangelistic Ministries Inc | 9015 Ferguson Rd, Charlotte, NC 28227-6481 | NC | 2006-10 | $23,902 |
| 10 | Revolutionary War Veterans Association | PO BOX 756, Ramseur, NC 27316-0756 | NC | 2006-07 | $534,576 |
| 11 | Reginald A Young Charitable Foundation | PO BOX 6, Denver, NC 28037-0006 | NC | $50,004 | |
| 12 | Robert Joel Suvalle Scholarship Fund Inc | 105 Planters Ridge Dr, Sunset Beach, NC 28468-6166 | NC | 1998-04 | $311 |
| 13 | Rachel Maxwell Moore Art Foundation | 811 Bremerton Dr, Greenville, NC 27858-6510 | NC | 1969-08 | $29,705 |
| 14 | Reaching The World Inc | PO BOX 804, Havelock, NC 28532-0804 | NC | 1996-02 | $86,221 |
| 15 | Rev E Walz And Edna H Walz Memorial Scholarship Trust Fund | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1995-04 | $76,634 |
| 16 | Robert B Henton Trust B For The University Of Minnesota, C-O Norwest Bank Minnesota | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1991-09 | $4,309,817 |
| 17 | Pug Rescue Of North Carolina Inc | 6789 Mounce Farm Ln, Summerfield, NC 27358-9155 | NC | 2000-08 | $51,624 |
| 18 | Pumpkin Center Elementary School Parent Teacher Organization | 3980 King Wilkinson Road, Lincolnton, NC 28092 | NC | 2008-07 | $0 |
| 19 | Pumpkin Center Volunteer Fire Department Inc | 3285 New Bern Hwy, Jacksonville, NC 28546-8145 | NC | 1991-03 | $224,241 |
| 20 | Pungo Christian Academy Inc | 983 W Main St, Belhaven, NC 27810-1158 | NC | 1984-02 | $979,371 |
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