| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 2,325 | 1,162 | 0 | 0 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| General Explanation Supplemental Information for Form 990-PF | Part VII-B Question 1a(4) - Office/administrative expenses The Foundation is managed by its two directors on a part-time basis. Both directors are employees of a corporation that is a disqualified person, and the corporation provides office space and all administrative support to the directors in their roles as directors, as well as providing administrative support to the foundation itself. The foundation reimburses the corporation for office and administrative expenses at amounts determined by the corporation. The amounts are fair and reasonable, as a fairly minor allocation of the corporation's general and administrative expenses. The foundation has no general and administrative expenses except as reimbursed to the corporation, and professional services incurred directly by the foundation. Form 4720 is not required based on the exception for reasonable compensation as provided in IRC 4941(d)(2)(E). | |
| General Explanation Supplemental Information for Form 990-PF | Nonoperating private foundation - This is a nonoperating private foundation and is not required to complete Column (c), Page 1, Part I, analysis of revenue and expenses, (c) Adjusted net income. | |
| Part II Line 10(b) | Schedule of Investment Assets |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| Marketable securities: Duke Energy | ||
| Marketable securities: Microsoft Inc. | ||
| Vanguard Total Stock Mkt ETF | ||
| Guggenheim S&P 500 ETF | ||
| Select Sector SPDR Tr Utilities Index | ||
| Powershares QQQ | ||
| TD Ameritrade Acct. Statement attached | 434,678 | 491,974 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Intercompany - OCC | 377 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Additional | 16 | |||
| Form 990-PF tax | 377 |