Progress Energy Foundation Inc 324725700 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
- Other organizations in North Carolina
| Progress Energy Foundation Inc 324725700 | |
| Employer Identification Number (EIN) | 561720636 |
| Name of Organization | Progress Energy Foundation Inc 324725700 |
| In Care of Name | Wachovia Bank Na |
| Address | 1525 W Wt Harris Blvd, Charlotte, NC 28288-0001 |
| Activities | School, college, trade school, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 05/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $25,000 to $99,999 |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $65,062 |
| Amount of Income | $8,811,068 |
| Form 990 Revenue Amount | $64,157 |
Non-representatives - add comments:
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 | $6,638,993 | $7,860 | $0 | |
| Contributions, gifts, grants, etc., received | $6,634,708 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $7,860 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $8,227,037 | $3,572 | $0 | $8,223,465 |
| Compensation of officers, directors, trustees, etc. | $4,763 | |||
| Total operating and administrative expenses | $6,763 | $3,572 | $3,191 | |
| Contributions, gifts, grants paid | $8,220,274 | |||
| Excess of revenue over expenses and disbursements | $-1,588,044 | |||
| Net investment income | $4,288 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $65,062 | $65,281 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $62,193 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $2,869 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $65,062 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $-3,575 |
| 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 | $43 |
| Total credits and payments | $43 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $0 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $43 |
| Backup withholding erroneously withheld | $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? | Yes |
| 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 | $671,300 |
| Net value of noncharitable-use assets | $661,240 |
| Minimum investment return | $33,062 |
| Distributable Amount (for 2012) | |
| Distributable amount | $33,019 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $33,019 |
| 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 | Professional Construction Estimators Assoc Of America Inc | Po Box 18701, Raleigh, NC 27619 | NC | 2010-03 | $0 |
| 2 | Professional Construction Estimators Assoc Of America Inc, Catawba Valley Chapter | PO BOX 547, Hickory, NC 28603-0547 | NC | 2010-03 | $41,610 |
| 3 | Triad Chapter Of The Pcea | Po Box 8037, Greensboro, NC 27419 | NC | 2010-03 | $0 |
| 4 | Professional Educators Of North Carolina Inc | Dba Penc, Raleigh, NC 27619 | NC | 1982-06 | $777,284 |
| 5 | Professional Engineers Of North Carolina | 1015 Wade Ave Suite A, Raleigh, NC 27605-1158 | NC | 1952-09 | $340,993 |
| 6 | Professional Engineers Of North Carolina-Educational Foundation | 1015 Wade Avenue Suite A, Raleigh, NC 27605-1158 | NC | 1985-06 | $313,542 |
| 7 | Professional Insurance Agents Of North Carolina Inc | PO BOX 1387, Davidson, NC 28036-1387 | NC | 2001-12 | $190,209 |
| 8 | Professional Photographers Of North Carolina Inc | 459 Greenleaf Rd, Angier, NC 27501-8748 | NC | 1954-09 | $212,455 |
| 9 | Professionals In Transition Support Group Inc | Po Box 11252, Winston Salem, NC 27116-1252 | NC | 1994-05 | $5,107 |
| 10 | Pri Counseling Services Inc | PO BOX 747, Lillington, NC 27546-0747 | NC | 1991-04 | $300,597 |
| 11 | Progress Energy Foundation Inc 324725700 | 1525 W Wt Harris Blvd, Charlotte, NC 28288-0001 | NC | 1992-05 | $8,811,068 |
| 12 | Progressive Action And Restoration Center Inc | PO BOX 562, Greenville, NC 27835-0562 | NC | 2001-12 | $105,480 |
| 13 | Progressive Child Care Center | 1503 Hooker Rd, Greenville, NC 27834-6322 | NC | 2001-11 | $72,726 |
| 14 | Project 127 | PO BOX 2060, Concord, NC 28026-2060 | NC | 2005-02 | $75,406 |
| 15 | Project Access Of Durham County | PO BOX 15339, Durham, NC 27704-0339 | NC | 2008-08 | $997,316 |
| 16 | Project Challenge North Carolina Inc | 7548 B Highway 19e, Spruce Pine, NC 28777 | NC | 1998-02 | $1,824,498 |
| 17 | Project Compassion | PO BOX 2367, Chapel Hill, NC 27515-2367 | NC | 2001-01 | $233,373 |
| 18 | Project Enlightenment Foundationinc | PO BOX 30574, Raleigh, NC 27622-0574 | NC | 2006-11 | $23,881 |
| 19 | Project Graduation Chapel Hill- Carrboro Inc | PO BOX 17043, Chapel Hill, NC 27516-7043 | NC | 1995-07 | $80,233 |
| 20 | Project Graduation Of Durham Inc | PO BOX 52083, Durham, NC 27717-2083 | NC | 2000-01 | $31,082 |
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