Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
ASBURY FOUNDATION OF HATTIESBURG INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 17797
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HATTIESBURG, MS394047797
A Employer identification number

64-0692161
B Telephone number (see instructions)

(601) 296-3555
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$43,978J Accounting method:
Liquidation Basis
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 4,502 4,502  
4 Dividends and interest from securities... 706,585 706,585  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,537,392
b Gross sales price for all assets on line 6a 28,183,827
7 Capital gain net income (from Part IV, line 2)... 1,537,392
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,269 0  
12 Total. Add lines 1 through 11........ 2,259,748 2,248,479  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 426,731 42,673   384,058
14 Other employee salaries and wages...... 101,281 10,128   91,153
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
4,729 0   4,729
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
48,500 14,550   33,950
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
64,249 14,784   20,543
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,882 576  
20 Occupancy.............. 28,693 5,739   22,954
21 Travel, conferences, and meetings....... 707 100   607
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
102,631 86,632   15,999
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 780,403 175,182   573,993
25 Contributions, gifts, grants paid....... 29,189,513 29,189,513
26 Total expenses and disbursements. Add lines 24 and 25 29,969,916 175,182   29,763,506
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -27,710,168
b Net investment income (if negative, enter -0-) 2,073,297
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 561,850 10,218 10,218
2 Savings and temporary cash investments......... 1,277,585    
3 Accounts receivable right arrow33,760
Less: allowance for doubtful accounts right arrow     33,760 33,760
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 12,579    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 14,112,381 0 0
c Investments—corporate bonds (attach schedule)....... 8,438,429 0 0
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,339,051 0 0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow   12,271 0 0
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,754,146 43,978 43,978
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 1,262,889 43,978
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
30,862 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 1,293,751 43,978
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 26,460,395 0
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 26,460,395 0
30 Total liabilities and net assets/fund balances (see instructions). 27,754,146 43,978
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
26,460,395
2
Enter amount from Part I, line 27a .....................
2
-27,710,168
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,249,773
4
Add lines 1, 2, and 3 ..........................
4
0
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
0
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 28,183,827   26,646,435 1,537,392
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,537,392
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,537,392
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 28,819
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 28,819
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 28,819
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 62,579
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 62,579
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 33,760
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 33,760
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
List of Attached Documents:
// Content
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMS
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
 
No
Website addressright arrowWWW.ASBURYFOUNDATIONOFHATTIESBURG.COM
14
The books are in care ofright arrowWILLIAM K RAY Telephone no.right arrow (601) 296-3555

Located atright arrow201 METHODIST BLVDHATTIESBURGMS ZIP+4right arrow39402
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MR GLENN GALEY BOARD MEMBER
0.25 		5,500 0 0
PO BOX 17797
HATTIESBURG,MS394047797
MR HARRY MCARTHUR BOARD MEMBER
0.25 		0 0 0
PO BOX 17797
HATTIESBURG,MS394047797
MR WILLIAM RAY CEO & BOARD MEM
30.00 		391,231 0 0
PO BOX 17797
HATTIESBURG,MS394047797
MS JAN LACY BOARD MEMBER
0.25 		1,500 0 0
PO BOX 17797
HATTIESBURG,MS394047797
MR JOSEPH HURSTON BOARD MEMBER
0.25 		5,500 0 0
PO BOX 17797
HATTIESBURG,MS394047797
MR RAY HUMPHREYS BOARD MEMBER
0.25 		6,000 0 0
PO BOX 17797
HATTIESBURG,MS394047797
MR RON CAIN BOARD MEMBER
0.25 		6,000 0 0
PO BOX 17797
HATTIESBURG,MS394047797
MR JEROME BROWN BOARD MEMBER
0.25 		5,500 0 0
PO BOX 17797
HATTIESBURG,MS394047797
MR JOE STEVENS BOARD MEMBER
0.25 		5,500 0 0
PO BOX 17797
HATTIESBURG,MS394047797
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
STACIE WALLACE ASSOCIATE DIRECTOR
24.00 		101,281 0 0
201 METHODIST BLVD
HATTIESBURG,MS39402
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
26,638,957
b
Average of monthly cash balances.......................
1b
11,649,285
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
38,288,242
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
38,288,242
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
574,324
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
37,713,918
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,885,696
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,885,696
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
28,819
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
28,819
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,856,877
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,856,877
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,856,877
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
29,763,506
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
29,763,506
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,856,877
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 676,759
b From 2019...... 749,719
c From 2020...... 826,965
d From 2021...... 1,739,311
e From 2022...... 547,461
f Total of lines 3a through e ........ 4,540,215
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 29,763,506
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 1,856,877
e Remaining amount distributed out of corpus 27,906,629
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 32,446,844
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		676,759
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		31,770,085
10 Analysis of line 9:
a Excess from 2019.... 749,719
b Excess from 2020.... 826,965
c Excess from 2021.... 1,739,311
d Excess from 2022.... 547,461
e Excess from 2023.... 27,906,629
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
WILLIAM K RAY
PO BOX 17797
HATTIESBURG,MS394047797
(601) 296-3555
bThe form in which applications should be submitted and information and materials they should include:
A BOUND APPLICATION MUST BE PRESENTED TO INCLUDE A COPY OF THE ORGANIZATION'S 501(C)3, BUDGETS, COMPLETED FINANCIAL INFORMATION, AND A COMPLETED GRANT APPLICATION.
cAny submission deadlines:
MAY 31, AUGUST 31, OCTOBER 31, OR MARCH 31.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
APPLICANTS MUST BE RECOGNIZED BY THE IRS AS 501(C)3 ORGANIZATIONS OR MUST BE UNITS OF GOVERNMENT SERVING IN THE FOLLOWING COUNTIES: LAMAR, FORREST, MARION, PERRY, JONES, COVINGTON, PEARL RIVER, AND JEFFERSON DAVIS.
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AREA DEVELOPMENT PARTNERSHIP

1 CONVENTION CENTER PLAZA
HATTIESBURG,MS39401 		NONE   FORWARD TOGETHER CAMPAIGN 80,000

ASSOCIATION FOR RETARDED CITIZENS

PO BOX 1800
HATTIESBURG,MS39404 		NONE   UNRESTRICTED 100,000

CHRISTIAN FOOD MISSIONS INC

506 CHANTILLY STREET
LAUREL,MS39440 		NONE   FOOD PANTRY PROGRAM 175,000

CHRISTIAN SERVICES OF AMERICA

301 E SECOND ST
HATTIESBURG,MS39401 		NONE   FOOD PANTRY PROGRAM 275,000

CITY OF HATTIESBURG

200 FORREST ST
HATTIESBURG,MS39401 		NONE   POLICE 13,000

EDWARDS STREET MISSION

PO BOX 17532
HATTIESBURG,MS39404 		NONE   FOOD PANTRY PROGRAM 275,000

EXTRA TABLE INC

3904 HARDY ST
HATTIESBURG,MS39402 		NONE   FOOD PANTRY AND SOUP KITCHENS 275,000

FELLOWSHIP OF CHRISTIAN ATHLETES

PO BOX 449
RIDGELAND,MS39158 		NONE   UNRESTRICTED 330,000

HATTIESBURG CONVENTION COMMISSION

ONE CONVENTION CENTER PLAZA
HATTIESBURG,MS39401 		NONE   UNRESTRICTED 100,000

HOMES OF HOPE FOR CHILDREN

344 HAROLD TUCKER ROAD
PURVIS,MS39475 		NONE   UNRESTRICTED 100,000

JONES COUNTY JUNIOR COLLEGE FOUNDATION

900 SOUTH COURT STREET
ELLISVILE,MS39437 		NONE   ASBURY ENDOWED SCHOLARSHIP 6,378,537

KIDS HUB

15 MILLBRANCH RD
HATTIESBURG,MS39401 		NONE   UNRESTRICTED 80,976

MAKE-A-WISH FOUNDATION

607 HIGHLAND COLONY PARKWAY SUITE
100
RIDGELAND,MS39157 		NONE   WISHES 75,000

MISSION AT THE CROSS

324 S MAGNOLIA STREET
LAUREL,MS39440 		NONE   IMPROVEMENTS TO FACILITY 51,300

MISSION MISSISSIPPI

PO BOX 22655
JACKSON,MS392252655 		NONE   UNRESTRICTED 25,000

MOUNT OLIVE MINISTRIES

PO BOX 875
MT OLIVE,MS39119 		NONE   MOM'S KID ZONE GRANT 240,700

PEARL RIVER COMMUNITY COLLEGE

PO BOX 5389
POPLARVILLE,MS39470 		NONE   ASBURY ENDOWED SCHOLARSHIP 6,000,000

THE SALVATION ARMY

PO BOX 1750
HATTIESBURG,MS39403 		NONE   FOOD PANTRY PROGRAM 175,000

THE UNITED WAY OF SOUTHEAST MISSISSIPPI

210 W FRONT ST SUITE 400
HATTIESBURG,MS39401 		NONE   MATCHING GRANT 200,000

UNIVERSITY OF SOUTHERN MISSISSIPPI WESLEY FOUNDATION

3200 MONTAGUE BLVD
HATTIESBURG,MS39401 		NONE   UNRESTRICTED 240,000

UNIVERSITY OF SOUTHERN MISSISSIPPI

118 COLLEGE DRIVE 5210
HATTIESBURG,MS394060001 		NONE   ASBURY ENDOWED SCHOLARSHIP 6,000,000

WILLIAM CAREY UNIVERSITY FOUNDATION

498 TUSCAN AVENUE
HATTIESBURG,MS39401 		NONE   ASBURY ENDOWED SCHOLARSHIP AND COLLEGE OF HEALTH 8,000,000
Total .................................right arrow 3a 29,189,513
bApproved for future payment

EDWARDS STREET MISSION
PO BOX 17532
HATTIESBURG,MS39404 		    FOOD PANTRY PROGRAM 43,978
Total ................................. right arrow 3b 43,978
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 4,502  
4 Dividends and interest from securities ....     14 706,585  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,537,392  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER RECEIPTS 		    01 11,269  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,259,748 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,259,748
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
8 THE VAST MAJORITY OF THE ENTITY'S ASSETS ARE IN INVESTMENTS WHICH FUND THE ORGANIZATIONS ACTIVITIES. WITHOUT THESE INVESTMENT ASSETS, THE ENTITY WOULD BE UNABLE TO FUND ITS MISSION.
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 48,500 14,550   33,950

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 DepreciationSchedule
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
STACIE'S CHAIR 1999-07-26 385 385 SL 7.000000000000 0 0    
2-SEATER SOFA 1999-07-26 689 689 SL 7.000000000000 0 0    
CLUB CHAIR 1999-07-26 591 591 SL 7.000000000000 0 0    
CORNER TABLE 1999-07-26 490 490 SL 7.000000000000 0 0    
ARC TOP DESK 1999-07-26 2,289 2,289 SL 7.000000000000 0 0    
CORNER COMP DESK 1999-07-26 1,165 1,165 SL 7.000000000000 0 0    
MAGAZINE SOFA TABLE 1999-07-26 485 485 SL 7.000000000000 0 0    
LATERAL FILE 1999-07-26 895 895 SL 7.000000000000 0 0    
2-DWR LATERAL FILE 1999-07-26 895 895 SL 7.000000000000 0 0    
STORAGE CREDENZA 1999-07-26 1,763 1,763 SL 7.000000000000 0 0    
BOOKCASE W/GLASS DOORS 1999-07-26 2,106 2,106 SL 7.000000000000 0 0    
TV CABINET W/STORAGE 1999-07-26 595 595 SL 7.000000000000 0 0    
DESK CHAIR 1999-07-26 593 593 SL 7.000000000000 0 0    
2 GUEST CHAIRS 1999-07-26 967 967 SL 7.000000000000 0 0    
STACIE'S DESK 1999-08-16 590 590 SL 7.000000000000 0 0    
U SHAPED CREDENZA 2006-03-30 3,406 3,405 SL 7.000000000000 0 0    
COMPUTER--HOWARD COMPUTERS 1999-07-26 1,355 1,355 SL 5.000000000000 0 0    
TRANSCRIBE STATION 1999-08-27 2,731 2,731 SL 5.000000000000 0 0    
GRANT MANAGEMENT SOFTWARE 2000-02-14 7,800 7,800 200DB 3.000000000000 0 0    
CANON CFX-L4500 FAX MACHINE 2000-10-18 1,065 1,065 200DB 5.000000000000 0 0    
SCANNER 2001-10-03 262 262 SL 5.000000000000 0 0    
FLAT SCREEN MONITOR 2001-12-03 856 856 SL 5.000000000000 0 0    
COMPUTER SYSTEM 2001-12-17 2,554 2,554 SL 5.000000000000 0 0    
COMPUTER FOR MR. RAY'S OFFICE 2004-05-10 1,043 1,043 SL 5.000000000000 0 0    
MONITOR, PRINTER AND SOFTWARE 2006-02-28 615 615 SL 5.000000000000 0 0    
CANON COPIER 2006-03-20 10,529 10,529 SL 5.000000000000 0 0    
LASER COLOR PRINTER 2006-03-23 641 641 SL 5.000000000000 0 0    
COMPUTER 2007-02-21 1,861 1,861 200DB 5.000000000000 0 0    
LG 26" LCD HD TV 2010-01-04 481 481 200DB 5.000000000000 0 0    
CANNON UNIVERSAL SCANNER 2010-01-20 461 461 200DB 5.000000000000 0 0    
COMPETER SYSTEM: GATEWAY TOWER, MONITOR, & SOFTWAR 2010-01-21 1,113 1,113 200DB 5.000000000000 0 0    
SAMSUNG LCD MONITOR 2010-03-31 320 320 200DB 5.000000000000 0 0    
HEWLETT PACKARD WORKSTATION WHARDWARE & SOFTWARE 2010-04-22 4,093 4,093 200DB 5.000000000000 0 0    
COMPUTER SERVER, MONITOR, AND BACKUP SYSTEM 2012-11-20 6,415 6,412 SL 5.000000000000 0 0    
COMPUTER 2013-06-06 1,572 1,572 200DB 5.000000000000 0 0    
HP WORKSTATION, WRITER, & SOFTWARE 2013-12-10 1,848 1,848 200DB 5.000000000000 0 0    
XEROX 8570 PRINTER 2015-01-28 1,230 1,230 200DB 7.000000000000 0 0    
HP ELITEONE 800 ALL IN ONE 2016-08-19 2,134 2,134 200DB 5.000000000000 0 0    
HP PRONE 400 G2 AIO 2016-08-19 1,529 1,529 200DB 5.000000000000 0 0    
CANON COPIER 2017-01-17 11,214 11,214 SL 5.000000000000 0 0    
SAMSUNG TV 2020-11-10 1,462 622 SL 5.000000000000 280 0    
KYOCERA COLOR PRINTER 2020-11-18 791 338 SL 5.000000000000 152 0    
ML 350 GEN 10 SERVER 2022-04-13 12,786 1,812 SL 5.000000000000 2,450 0    

TY 2023 DissolutionStmt
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Dissolution Name Dissolution Address Explanation Dissolution Amount
EDWARDS STREET MISSION PO BOX 17532
HATTIESBURG,MS39404 		THE FOUNDATION DISTRIBUTED ALL OF ITS ASSETS IN 2023 WITH THE EXCEPTION OF THIS SINGLE GRANT, WHICH IS SCHEDULED TO BE PAID IN 2024 UPON RECEIPT OF THE 2023 TAX REFUND. 43,978


TY 2023 GeneralExplanationAttachment
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Identifier Return Reference Explanation
STATEMENT EXPLAINING LIQUIDATION FORM 990-PF, PART VI-A, LINE 5 ASBURY FOUNDATION OF MISSISSIPPI, INC. ELECTED TO LIQUIDATE AND TERMINATE ITS 501(C)(3) PRIVATE FOUNDATION STATUS AND HAS LIQUIDATED ITS ASSETS AS EXPLAINED IN THE PDF ATTACHMENTS. ALL ASSETS WERE GIVEN AS GRANTS TO 501(C)(3) ORGANIZATIONS IN 2023 WITH A FINAL GRANT ACCRUED AND PAID TO A 501(C)(3) ORGANIZATION WITH FUNDS RETAINED FOR ANY RESIDUAL COSTS OR TAX LIABILITIES, OF WHCH THERE WERE NONE.

TY 2023 LiquidationExplanationStmt
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Statement:
THE BOARD OF DIRECTORS OF ASBURY FOUNDATION OF HATTIESBURG, INC., AT THEIR REGULAR MONTHLY MEETING ON JUNE 20, 2023, DECIDED TO BEGIN THE PROCESS OF CLOSING THE FOUNDATION AND LIQUIDATING ALL ASSETS BY YEAR-END OR AS ADMINISTRATIVELY FEASIBLE THEREAFTER. IN THIS PROCESS AND CONSISTENT WITH THEIR MISSION TO PROVIDE GRANTS WITH AN EMPHASIS ON FUNDING NON-PROFIT ORGANIZATIONS PROVIDING NURSING AND HEALTHCARE EDUCATION AND SUPPORT DID DISBURSE THE MAJORITY OF THEIR ASSETS BY YEAR-END. A RESERVE AMOUNT OF $10,218 WAS RETAINED TO COVER ANY UNEXPECTED EXPENSES INCLUDING ANY FEDERAL EXCISE TAX LIABILITY FOR THE YEAR 2023. IN FACT, AFTER COMPLETION OF THE 2023 IRS FORM 990-PF, A RESULTING OVERPAYMENT OF $33,760 WAS CALCULATED. THE CASH RESERVE ALONG WITH THIS REFUNDED PREPAYMENT OF TAXES IS SCHEDULED TO BE PAID TO THE EDWARDS STREET MISSION BY ORDER OF THE BOARD.


TY 2023 LegalFeesSchedule
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 4,729 0   4,729


TY 2023 OtherExpensesSchedule
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE SUPPLIES & EXPENSES 19,376 3,875   15,501
INVESTMENT FEES 82,674 82,674   0
BANK CHARGES 164 0   164
POSTAGE AND SHIPPING 417 83   334


TY 2023 OtherIncomeSchedule2
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER RECEIPTS 11,269   11,269


TY 2023 OtherIncreasesSchedule
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Description Amount
DECREASE IN GRANTS PAYABLE 1,218,911
CHANGE IN DEFERRED EXCISE TAXES 30,862


TY 2023 OtherLiabilitiesSchedule
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAX LIABILITY 30,862 0


TY 2023 TaxesSchedule
Name:
ASBURY FOUNDATION OF HATTIESBURG INC
EIN:
64-0692161
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 22,826 2,283   20,543
FOREIGN TAXES ON INVESTMENT INCOME 12,501 12,501   0
OTHER TAXES 103 0   0
FEDERAL TAX EXPENSE 28,819 0   0