| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,750 | 1,750 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990-PF, PART X, LINE 4: | IN ACCORDANCE WITH REG. 53-4942(A)-2(C)(3)(IV), THE FOUNDATION IS EXCLUDING FROM ITS MINIMUM INVESTMENT RETURN (MIR) CALCULATION A TOTAL OF $100,000 IN CASH THAT IT DEEMS HELD FOR CHARITABLE ACTIVITIES. THIS AMOUNT IS IN EXCESS OF 1.5% OF THE FAIR MARKET VALUE OF THE FOUNDATION'S NON-CHARITABLE ASSETS. THE FOLLOWING INFORMATION IS SUBMITTED IN SUPPORT OF THE EXCLUSION FROM MIR OF THIS AMOUNT. 1. FAIR MARKET VALUE OF FOUNDATION'S NONCHARITABLE ASSETS $2,421,704 2. 1.5% OF LINE 1 $36,326 3. FACTS AND CIRCUMSTANCES JUSTIFYING THE EXCLUSION OF AN AMOUNT IN EXCESS OF THE AMOUNT ON LINE 2: THE ANNUAL OPERATING CASH NEEDS OF THE FOUNDATION INCLUDING CHARITABLE CONTRIBUTIONS, GIFTS, AND GRANTS HAS EXCEEDED $98,000 FOR THE PAST FOUR YEARS. THE UNDISTRIBUTED INCOME FOR 2012 IS IN EXCESS OF $109,000 AND IT WILL BE DISTRIBUTED IN THE COMING FISCAL YEAR. THIS DISTRIBUTION OF 2012 INCOME PLUS NORMAL OPERATING EXPENSES OF THE FOUNDATION ARE EXPECTED TO EXCEED $100,000. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS | 576,188 | 564,659 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE STOCKS | 1,257,601 | 2,018,123 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| CENT PA CONF UNITED METH CHURCH | 12,996 | 12,996 | 12,996 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TELEPHONE | 703 | 0 | 0 | |
| POSTAGE | 20 | 0 | 20 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK TRUSTEE FEES | 16,199 | 16,199 | 0 |
| Name | Address |
|---|---|
| RUSSELL E HORN |
1270 BROCKIE DRIVE YORK,PA17403 |
|
PACE RESOURCES INC |
40 SOUTH RICHLAND AVENUE YORK,PA17404 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 99 | 99 | 0 | |
| TAXES PAID | 5,126 | 0 | 0 |