R T Vanderbilt Trust 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
| R T Vanderbilt Trust | |
| Employer Identification Number (EIN) | 066040981 |
| Name of Organization | R T Vanderbilt Trust |
| In Care of Name | H B Vanderbilt |
| Address | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 |
| Activities | Other school related activities, Gifts, grants, or loans to other organizations, Other religious activities |
| Subsection | Charitable Organization, Educational Organization, Religious Organization |
| Ruling Date | 05/1953 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $6,615,409 |
| Amount of Income | $2,303,370 |
| Form 990 Revenue Amount | $439,533 |
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 | $703,299 | $701,885 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $260,347 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $442,952 | |||
| Total expenses and disbursements | $516,357 | $68,208 | $0 | $437,433 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $91,924 | $68,208 | $13,000 | |
| Contributions, gifts, grants paid | $424,433 | |||
| Excess of revenue over expenses and disbursements | $186,942 | |||
| Net investment income | $633,677 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $6,645,995 | $8,680,658 |
| Cash - non-interest-bearing | $13,350 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $3,378,673 | |
| Investments-corporate bonds | $171,140 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $2,725,744 | |
| Other | $357,088 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $6,645,995 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $442,952 |
| 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 | $12,674 |
| Total credits and payments | $7,348 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $7,348 |
| 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 | $5,326 |
| 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)? | Yes |
| 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 | $8,845,208 |
| Net value of noncharitable-use assets | $8,712,540 |
| Minimum investment return | $435,627 |
| Distributable Amount (for 2012) | |
| Distributable amount | $422,953 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $422,953 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $406,521 |
| 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 | R Harwood Bagby Walkerton Community Fire Association Inc Tr Ua | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 1996-01 | $112,111 |
| 2 | R J Kunik Foundation | PO BOX 240416, Charlotte, NC 28224-0416 | NC | 1973-12 | $1 |
| 3 | R J Reynolds High School Booster Club Inc | 301 N Hawthorne Rd, Winston Salem, NC 27104 | NC | 2009-02 | $42,619 |
| 4 | R J Reynolds Touchdown Club | 2880 Galsworthy Dr, Winston Salem, NC 27106-5107 | NC | 2003-06 | $21,022 |
| 5 | R L Davis Charitable Trust Fund Incorporated | PO BOX 806, Farmville, NC 27828-0806 | NC | 1944-02 | $71,300 |
| 6 | R L Vann School Reunion Inc | PO BOX 328, Ahoskie, NC 27910-0328 | NC | 2000-10 | $75,357 |
| 7 | R M & Hattie L Waldroup Educational Fund | 1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28262 | NC | 1963-08 | $96,158 |
| 8 | R O C H Foundation Inc | 1612 Carnation Dr, Durham, NC 27703-9238 | NC | 2000-03 | $1 |
| 9 | R O S E Center | 3606 Wyatt St, Fayetteville, NC 28304-1541 | NC | 1999-08 | $1 |
| 10 | R R & C M Machmer Charitable Trust 1519159089 | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 2000-03 | $115,989 |
| 11 | R T Vanderbilt Trust | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 1953-05 | $2,303,370 |
| 12 | R Y And Eileen L Sharpe Foundation | 1525 W W T Harris Blvd, Charlotte, NC 28262-8522 | NC | 1988-05 | $740,229 |
| 13 | Racers Reward Inc | 630 Union St S, Concord, NC 28025-5626 | NC | 1995-11 | $1 |
| 14 | Rachel Fitler Charitable Trust Fbo Fitler Sq Assoc Tuw 1513098326 | 1 W 4th St 4th Fl, Winston Salem, NC 27101-3818 | NC | 2007-02 | $46,904 |
| 15 | Rachels House | 1212 Charles St, Windsor, NC 27983-1910 | NC | 2006-06 | $765,848 |
| 16 | Racine School Of The Arts Inc | 203 Racine Drive Suite 203, Wilmington, NC 28403 | NC | 2003-07 | $53,710 |
| 17 | Rack Manufacturers Institute | 8720 Red Oak Blvd Ste 201, Charlotte, NC 28217-3996 | NC | 1960-09 | $133,158 |
| 18 | Radiant Sonrise Ministry | PO BOX 410281, Charlotte, NC 28241-0281 | NC | 2000-03 | $7,358 |
| 19 | Radio Club Incorporated-Shelby | PO BOX 2206, Shelby, NC 28151-2206 | NC | 1968-03 | $33,038 |
| 20 | Radio Encounter International Inc | 222 Bradford Rd, Wilmington, NC 28409-2300 | NC | 2002-07 | $15,650 |
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