George T Lewis Jr 2001 Foundation in Charlotte, 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
- Organizations performing similar types of work
| George T Lewis Jr 2001 Foundation | |
| Employer Identification Number (EIN) | 043763019 |
| Name of Organization | George T Lewis Jr 2001 Foundation |
| In Care of Name | Douglas M Marshall |
| Address | 3208 Twelve Oaks Pl, Charlotte, NC 28270-4439 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $33,967,992 |
| Amount of Income | $18,220,140 |
| Form 990 Revenue Amount | $5,441,023 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations |
Non-representatives - add comments:
Amount of income in 2013: $18,220,140 (it was $14,215,798 in 2012)
| George T Lewis Jr 2001 Foundation: | $18,220,140 |
| Other organizations performing similar types of work: | $103,138 |
Assets in 2013: $33,967,992 (it was $35,016,181 in 2012)
| This organization: | $33,967,992 |
| Other organizations performing similar types of work: | $338,623 |
Expenses in 2012: $1,879,369
| This organization: | $1,879,369 |
| Other organizations performing similar types of work: | $46,867 |
Income to expenses ratio in 2012: 9.7
| George T Lewis Jr 2001 Foundation: | 9.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2012: 9.5%
| George T Lewis Jr 2001 Foundation: | 9.5% |
| Other organizations performing similar types of work: | 79.6% |
Revenue for 2012
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 | $2,029,209 | $1,757,083 | $0 | |
| Contributions, gifts, grants, etc., received | $193,318 | |||
| Interest on savings and temporary cash investments | $26,481 | |||
| Dividends and interest from securities | $873,389 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $-37,590 | |||
| Other | $973,611 | |||
| Total expenses and disbursements | $1,879,369 | $241,369 | $0 | $1,638,000 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $259,369 | $241,369 | $18,000 | |
| Contributions, gifts, grants paid | $1,620,000 | |||
| Excess of revenue over expenses and disbursements | $149,840 | |||
| Net investment income | $1,515,714 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $35,016,181 | $35,917,909 |
| Cash - non-interest-bearing | $29,149 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $12,828,874 | |
| Investments-corporate bonds | $10,908,582 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $10,759,200 | |
| Other | $490,376 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $35,016,181 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $973,611 |
| 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 | $15,157 |
| Total credits and payments | $17,697 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,697 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $10,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $2,540 |
| Amount to be credited to 2013 estimated tax | $2,540 |
| 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 | $36,179,422 |
| Net value of noncharitable-use assets | $35,636,740 |
| Minimum investment return | $1,781,837 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,766,680 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,766,680 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $1,742,617 |
| 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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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | High Point Community Health Fund Inc | 406 Lindsay St, High Point, NC 27262-4830 | NC | 2014-07 | $30,014,634 |
| 2 | E & S Van Houten Memorial Fund 2513851322 | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 2009-09 | $8,453,597 |
| 3 | Samuel L Phillips Family Foundation | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 2002-03 | $7,901,122 |
| 4 | The@peggy Ann Triplett Foundation, William A Vestal Ttee | 2512 Independence Blvd Ste 100, Wilmington, NC 28412-2469 | NC | 2008-08 | $7,309,142 |
| 5 | Ulmer Edward M Decd | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2000-01 | $6,784,776 |
| 6 | Belk Foundation | 2801 W Tyvola Rd, Charlotte, NC 28217-4525 | NC | 2009-07 | $5,860,596 |
| 7 | Phil & Gerry Rominger Foundation | 4241 Beech Creek Trl, Efland, NC 27243-9271 | NC | 2001-06 | $5,700,942 |
| 8 | Pisgah Investments Foundation Inc | PO BOX 5663, Asheville, NC 28813-5663 | NC | 2014-08 | $5,409,643 |
| 9 | Cecile G Ebert Charitable Foundation | PO BOX 5596, Mooresville, NC 28117-0596 | NC | 2012-11 | $4,697,347 |
| 10 | K Josh Mize & Wynona Owen Mize Charitable Trust Dtd 2-23-10 | PO BOX 2907, Wilson, NC 27894-2907 | NC | 2011-04 | $4,682,812 |
| 11 | Szulik Family Foundation, Szulik Matthew J Ttee | 3717 William J Cowan Wynd, Raleigh, NC 27612-5399 | NC | 2011-12 | $4,660,848 |
| 12 | Gratis Foundation | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 2009-02 | $4,081,983 |
| 13 | Scappaticci-Steinberg Fndtn, 6526896880 | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 2005-11 | $3,859,293 |
| 14 | Bayville Foundation | 301 S Tryon Street Suite 1820, Charlotte, NC 28282-1915 | NC | 2013-02 | $3,852,289 |
| 15 | The@dee-Dee And Cam Harris Family Foundation | 3247 Seven Eagles Rd, Charlotte, NC 28210-5938 | NC | 2009-02 | $2,645,379 |
| 16 | Harry Kramer Memorial Fund, August Leslie J Ttee | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2011-10 | $2,318,232 |
| 17 | Seh Tabitha Foundation Inc | 128 S Tryon St Ste 1580, Charlotte, NC 28202-5007 | NC | 2007-03 | $2,265,482 |
| 18 | Harry E Canaday Fund, Catherine Canaday Mclamb Ttee | 2615 Churchill Rd, Raleigh, NC 27608-1947 | NC | 2010-07 | $2,263,693 |
| 19 | James And Mildred Wilkinson Charitable Tr | 928 Harvest Rd, Durham, NC 27704-5216 | NC | 2010-05 | $2,246,475 |
| 20 | Jwc Foundation | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 2013-07 | $2,221,689 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 20,448 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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