Frank & Sallie Borden Foundation Trust 320481700 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
| Frank & Sallie Borden Foundation Trust 320481700 | |
| Employer Identification Number (EIN) | 566035962 |
| Name of Organization | Frank & Sallie Borden Foundation Trust 320481700 |
| In Care of Name | Wachovia Bank & Tr Co Ttee |
| Address | 1 West 4th Street D4000-041, Winston Salem, NC 27101-3818 |
| Activities | Scholarships (other), Other religious activities, Gifts, grants, or loans to other organizations |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 09/1949 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $27,500 |
| Amount of Income | $813,466 |
| Form 990 Revenue Amount | $58,622 |
Non-representatives - add comments:
Revenue for 2012
Expenses 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 | $25,526 | $25,336 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $8,640 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $16,886 | |||
| Total expenses and disbursements | $660,012 | $6,539 | $0 | $651,655 |
| Compensation of officers, directors, trustees, etc. | $8,374 | |||
| Total operating and administrative expenses | $11,200 | $6,539 | $2,843 | |
| Contributions, gifts, grants paid | $648,812 | |||
| Excess of revenue over expenses and disbursements | $-634,486 | |||
| Net investment income | $18,797 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $27,500 | $27,500 |
| 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 | $27,500 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $27,500 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $16,886 |
| 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 | $188 |
| Total credits and payments | $980 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $980 |
| 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 | $0 |
| Overpayment | $792 |
| Amount to be credited to 2013 estimated tax | $188 |
| 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? | Yes |
| 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 | $592,653 |
| Net value of noncharitable-use assets | $583,760 |
| Minimum investment return | $29,188 |
| Distributable Amount (for 2012) | |
| Distributable amount | $29,000 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $29,000 |
| 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 | Francis A Butner Memorial Fund 1019004960 | 1 W 4th St 4th Floor, Winston Salem, NC 27101-3818 | NC | 1900-12 | $102,764 |
| 2 | Francis C Sharp Charitable Foundation | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1995-02 | $1,824,343 |
| 3 | Francis E Henry Family Foundation | PO BOX 3333, Chapel Hill, NC 27515-3333 | NC | 1997-06 | $53,648 |
| 4 | Francis Elizabeth & Edward Welsh Scholarship Tr | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1998-10 | $672,285 |
| 5 | Francis F Rainey Education Foundation, Sandhills Comm Coll Foundation Inc | 3395 Airport Rd, Pinehurst, NC 28374-8778 | NC | 1973-12 | $102 |
| 6 | Francis Goreski Tr Uw Fbo Various Charities | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2002-01 | $632,685 |
| 7 | Francis M Barnes Charitable Tr, Joseph H Thigpen Ttee | PO BOX 847, Williamston, NC 27892-0847 | NC | 2005-10 | $1,946,538 |
| 8 | Francis M Barnes Memorial Tr | PO BOX 847, Williamston, NC 27892-0847 | NC | 2005-10 | $2,654,882 |
| 9 | Francis Smith Trust Uw Fbo Leroy Smith | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2003-06 | $57,961 |
| 10 | Frank & Lydia Bergman Foundation | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1983-08 | $3,492,788 |
| 11 | Frank & Sallie Borden Foundation Trust 320481700 | 1 West 4th Street D4000-041, Winston Salem, NC 27101-3818 | NC | 1949-09 | $813,466 |
| 12 | Frank A Fbo Charities 1513103613 | 100 N Main St 13th Flr, Winston Salem, NC 27150-0001 | NC | $162,510 | |
| 13 | Frank Adoption Center | 16 N Boylan Ave, Raleigh, NC 27603-1446 | NC | 1995-06 | $537,916 |
| 14 | Frank And Calla Bell Scholarship Foundation Inc | PO BOX 1192, Flat Rock, NC 28731-1192 | NC | 2003-01 | $37,810 |
| 15 | Frank And Renee Floyd Family Foundation Inc | 2205 Cranford Rd, Durham, NC 27705-1007 | NC | 2009-04 | $290,446 |
| 16 | Frank And Virginia I Demaria Foundation | 1 W 4th St D4000-041, Winston Salem, NC 27101-3818 | NC | 2003-07 | $51,338 |
| 17 | Frank C Trexler Charitable Trust Elwyn Institute Td 1519032812 | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2004-07 | $79,195 |
| 18 | Frank Crandall Tr Ua Fbo Mary & Louise Crandall Fund | 1 W 4th St Fl, Winston Salem, NC 27101-3818 | NC | 1900-12 | $70,165 |
| 19 | Frank Daughtery Rvoc Tr Fbo Various Charities, 1513892262 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2010-07 | $675,826 |
| 20 | Frank Deaton And Mcbride Alexander Deaton Christian Memorial Fndn | 3221 Monroe Rd, Charlotte, NC 28205-7539 | NC | 1987-07 | $1 |
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