Lemma M Apple And Ben R Apple Foundation in Cornelius, 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
| Lemma M Apple And Ben R Apple Foundation | |
| Employer Identification Number (EIN) | 581750755 |
| Name of Organization | Lemma M Apple And Ben R Apple Foundation |
| Address | 20220 Amy Lee Dr, Cornelius, NC 28031-7074 |
| Activities | Scholarships (other) |
| Subsection | Educational Organization |
| Ruling Date | 02/1988 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $74,543 |
| Amount of Income | $428,663 |
| Form 990 Revenue Amount | $46,517 |
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 | $26,444 | $26,444 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $2,597 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $23,847 | |||
| Total expenses and disbursements | $260,546 | $65,718 | $0 | $194,828 |
| Compensation of officers, directors, trustees, etc. | $29,000 | |||
| Total operating and administrative expenses | $67,123 | $65,718 | $1,405 | |
| Contributions, gifts, grants paid | $193,423 | |||
| Excess of revenue over expenses and disbursements | $-234,102 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $74,543 | $74,543 |
| 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 | $74,543 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $74,543 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $23,847 |
| 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? | 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 | $193,937 |
| Net value of noncharitable-use assets | $191,020 |
| Minimum investment return | $9,551 |
| Distributable Amount (for 2012) | |
| Distributable amount | $9,551 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $9,551 |
| 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 | Legal Aid Of North Carolina Inc | 224 S Dawson St, Raleigh, NC 27601-1306 | NC | 2001-07 | $22,887,528 |
| 2 | Legal Aid Society Of Northwest North Carolina Inc | 1 W 4th St, Wwinston Salem, NC 27101-3806 | NC | 1977-12 | $17,231 |
| 3 | Legal Services For The Elderly Inc | 212 N Mcdowell St Ste 208, Charlotte, NC 28204-2256 | NC | 1996-06 | $110,830 |
| 4 | Legal Services Of Nc Inc | PO BOX 26087, Raleigh, NC 27611-6087 | NC | 2000-12 | $38,400 |
| 5 | Legal Services Of Southern Piedmont Inc | 1431 Elizabeth Ave, Charlotte, NC 28204-2506 | NC | 1979-03 | $2,113,320 |
| 6 | Legatus Foundation | One W Fourth St, Winston Salem, NC 27101-3818 | NC | 2000-11 | $5,168,060 |
| 7 | Leicester Volunteer Fire Department Inc | PO BOX 100, Leicester, NC 28748-0100 | NC | 1978-01 | $1,365,412 |
| 8 | Leighton Ford Ministries | 4029 Doves Roost Ct, Charlotte, NC 28211-5047 | NC | 1998-11 | $722,844 |
| 9 | Leith Foundation Inc | PO BOX 40110, Raleigh, NC 27629-0110 | NC | 1991-04 | $1 |
| 10 | Leland Youth Baseball Inc | PO BOX 134, Leland, NC 28451-0134 | NC | 1995-07 | $82,091 |
| 11 | Lemma M Apple And Ben R Apple Foundation | 20220 Amy Lee Dr, Cornelius, NC 28031-7074 | NC | 1988-02 | $428,663 |
| 12 | Lemon Springs Volunteer Fire Department | PO BOX 15, Lemon Springs, NC 28355-0015 | NC | 1983-10 | $305,276 |
| 13 | Lemonade International Inc | PO BOX 26204, Raleigh, NC 27611-6204 | NC | 2008-09 | $640,692 |
| 14 | Len Mclendon Memorial Fund | PO BOX 160, Greensboro, NC 27402-0160 | NC | 1967-08 | $64 |
| 15 | Lena Egenolf Trust Uw 2513851279 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | $56,427 | |
| 16 | Lena Sue And C Grier Beam Family Foundation | PO BOX 205, Cherryville, NC 28021-0205 | NC | 2009-02 | $1 |
| 17 | Lenny Peters Foundation Inc | 507 N Lindsay St, High Point, NC 27262-4303 | NC | 2007-05 | $142,999 |
| 18 | Lenoir Aviation Club Inc | PO BOX 220, Lenoir, NC 28645-0220 | NC | 1991-07 | $44,355 |
| 19 | Lenoir Community College Foundation Inc | PO BOX 188, Kinston, NC 28502-0188 | NC | 1974-03 | $1,013,869 |
| 20 | Lenoir County Education Foundation Inc | 301 N Queen St, Kinston, NC 28501-4931 | NC | 1990-03 | $17,349 |
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