H Lorens Clements Scholarship Fund in Winston Salem, North Carolina (NC)

Table of contents:

Organization representatives - add corrected or new information about H Lorens Clements Scholarship Fund »

Non-representatives - add comments about H Lorens Clements Scholarship Fund»

H Lorens Clements Scholarship Fund
Employer Identification Number (EIN)236523865
Name of OrganizationH Lorens Clements Scholarship Fund
In Care of NameCorestates Bank Na
Address1 W 4th St D4000-041, Winston Salem, NC 27101-3818
Subsection4947(a)(1) - Private Foundation (Form 990PF Filer)
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusTrust described in section 4947(a)(2) of the IR Code
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$313,531
Amount of Income$139,236
Form 990 Revenue Amount$14,160


Non-representatives - add comments:


CAPTCHA

Your IP address 54.167.182.201 will be logged.

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$14,160$14,015$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$9,603
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$4,557
Total expenses and disbursements$19,710$3,927$0$15,490
Compensation of officers, directors, trustees, etc.$5,100
Total operating and administrative expenses$6,710$3,927$2,490
Contributions, gifts, grants paid$13,000
Excess of revenue over expenses and disbursements$-5,550
Net investment income$10,088
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$321,724$316,514
Cash - non-interest-bearing$328
Investments-U.S. and state government obligations$0
Investments-corporate stock$194,869
Investments-corporate bonds$111,064
Investments-mortgage loans$0
Investments-other$0
Other$15,463
Total liabilities$0
Total liabilities and net assets/fund balances$321,724
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$4,557
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$202
Total credits and payments$148
2011 estimated tax payments and 2010 overpayment credited to 2011$148
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$54
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
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 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
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 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?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 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$337,282
Net value of noncharitable-use assets$332,220
Minimum investment return$16,611
Distributable Amount (for 2011)
Distributable amount$16,409
Undistributed Income (for 2011)
Distributable amount for 2011$16,409
Undistributed income for 2011. This amount must be distributed in 2012$7,222
Private Operating Foundations (for 2011)
2011201020092008Total
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
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend H Lorens Clements Scholarship Fund to others? (optional)
  
Add photo of H Lorens Clements Scholarship Fund (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»

Sweepstakes

Special limited-time promotion! Submit your review for a chance to win $500 in our sweepstakes!



Your email address (you will not be contacted unless you win, we do not sell your email address or send any spam):


Recently Added Reviews
American Livestock Breeds Conservancy in Pittsboro, NC
*****
Victory Deliverance Center in Albemarle, NC
*
Flora Macdonald Legacy Foundation in Cary, NC
*****
Blessed Trinity Ministries in Henderson, NC
Independent Order Of Odd Fellows, Sir Walter Lodge No 411 Ioof in Raleigh, NC
***•
Freedom By The Sea Convention Of Narcotics Anonymous in Wilmington, NC
*
Unity Center For Spiritual Living in Charlotte, NC
*****
Foundation For Feeding Hungry Children Inc in Wade, NC
*****
Randolph County Senior Adults Association Inc in Asheboro, NC
**
Hope For Tomorrow Als Foundation in Greensboro, NC
*****
Other organizations in North Carolina
IdNameAddressStateEstablishedTotal Income
1H E L P S One One Inc950 Wendover Height Dr, Shelby, NC 28150-3564NC2003-10$13,205
2H English And Ermine Carter Robinson Foumdation1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28288-0001NC1992-10$1,026,921
3H Ezerman Foundation 4947 Ir Tua 15191770501525 W Wt Harris Blvd, Charlotte, NC 28288-0001NC$68,953
4H G Barsumian Md Memorial Fund1 West 4th Street D4000-041, Winston Salem, NC 27101-3818NC1999-11$326,391
5H I P Ministries Inc809 E Ryder Ave, Landis, NC 28088NC1995-12$0
6H J Brody Foundation530 Grnvlle Blvd Se Ste 200, Greenville, NC 27858-6759NC1988-01$412,634
7H Johnson Fbo Donegal Presbyterian Church Tuw 1513104266, Wachivia Bank Fiduciary Tax Dept100 N Main St 13thfl, Winston Salem, NC 27150-0001NC$4,099
8H Lee Atwater Foundation Inc425 Colville Rd, Charlotte, NC 28207-2347NC1993-06$31,907
9H Leslie Perry Library Foundation Inc205 Breckenridge Street, Henderson, NC 27536NC1999-07$0
10H Leslie Perry Memorial Library Inc205 Breckenridge St, Henderson, NC 27536-4211NC1951-06$993,863
11H Lorens Clements Scholarship Fund1 W 4th St D4000-041, Winston Salem, NC 27101-3818NC$139,236
12H O P E Ministries International2872 Knob Mountain Dr, Connelly Springs, NC 28612-7386NC2001-02$20,324
13Hope7720 Hazelwood Avenue, Fayetteville, NC 28314NC2012-09$0
14H Smith Richardson Charitable Trust701 Green Valley Rd Ste 300, Greensboro, NC 27408-7096NC1972-12$-3,684,976
15H Williams Fbo Bethesda 4947 Tuw 1513091074100 N Main St 13th Flr, Winston Salem, NC 27150-0001NC$36,137
16Habitat For Humanity International Inc, Alamance County NcPO BOX 5036, Burlington, NC 27216-5036NC1987-01$1,164,292
17Habitat For Humanity International Inc, Alexander CountyP0 Box 565, Taylorsville, NC 28681NC1987-01$385,332
18Habitat For Humanity International Inc, Avery County HfhPO BOX 1016, Newland, NC 28657-1016NC1987-01$855,696
19Habitat For Humanity International Inc, Hfh Of Beaufort CountyPO BOX 549, Washington, NC 27889-0549NC1987-01$113,172
20Habitat For Humanity International Inc, Bladen Habitat For Humanity IncPO BOX 356, Elizabethtown, NC 28337-0356NC1987-01$31,871

faqs.org is not associated with, endorsed by, or sponsored by H Lorens Clements Scholarship Fund and has no official or unofficial affiliation with H Lorens Clements Scholarship Fund