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ObjectId: 202000559349300430 - Submission: 2020-02-24
TIN: 59-0791038
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
18
Open to Public Inspection
Name of the organization
PARC INC
Employer identification number
59-0791038
Part I
Identification of Disregarded Entities
Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Total income
(e)
End-of-year assets
(f)
Direct controlling
entity
Part II
Identification of Related Tax-Exempt Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))
(f)
Direct controlling
entity
(g)
Section 512(b)(13) controlled entity?
Yes
No
(1)
PARC HOUSING INC
3190 TYRONE BLVD N
ST PETERSBURG
,
FL
33710
59-1700361
RESIDENTIAL SERVICE FOR ADULTS WITH DISABILITIES
FL
501(C)(3)
LINE 7
PARC INC
Yes
(2)
PARC HOUSING II INC
3190 TYRONE BLVD N
ST PETERSBURG
,
FL
33710
59-2766054
RESIDENTIAL SERVICE FOR ADULTS WITH DISABILITIES
FL
501(C)(3)
LINE 7
PARC INC
Yes
(3)
PARC ENDOWMENT FUND
3190 TYRONE BLVD N
ST PETERSBURG
,
FL
33710
59-1850843
SUPPORT THE PINELLAS ASSOCIATION FOR RETARDED CHILDREN
FL
501(C)(3)
LINE 12A, I
PARC INC
Yes
(4)
PARC ENDOWMENT FUND 2
3190 TYRONE BLVD N
ST PETERSBURG
,
FL
33710
26-4019887
SUPPORT THE PINELLAS ASSOCIATION FOR RETARDED CHILDREN
FL
501(C)(3)
LINE 12A, I
PARC INC
Yes
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2018
Page 2
Schedule R (Form 990) 2018
Page
2
Part III
Identification of Related Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes
No
(1)
TYRONE GENERAL INC
3190 TYRONE BLVD N
ST PETERSBURG
,
FL
33710
59-3227368
HOLDING COMPANY
FL
PARC INC
C
133,748
82,263
100.000 %
Yes
(2)
50 PERCENT CHARITABLE REMAINDER UNITRUST
C/O WELLS FARGO ONE W 4TH ST 2ND FL
WINSTON SALEM
,
NC
27101
CHARITABLE TRUST
FL
N/A
T
No
(3)
100 PERCENT CHARITABLE REMAINDER UNITRUST
C/O WELLS FARGO ONE W 4TH ST 2ND FL
WINSTON SALEM
,
NC
27101
CHARITABLE TRUST
FL
N/A
T
No
(4)
100 PERCENT CHARITABLE REMAINDER UNITRUST #3
C/O WELLS FARGO ONE W 4TH ST 2ND FL
WINSTON SALEM
,
NC
27101
CHARITABLE TRUST
FL
N/A
T
No
(5)
50 PERCENT PERPETUAL TRUST
C/O BANK OF AMERICA PO BOX 4899-GA2
ATLANTA
,
GA
303029957
CHARITABLE TRUST
FL
N/A
T
No
(6)
50 PERCENT PERPETUAL TRUST
C/O BANK OF AMERICA PO BOX 4899-GA2
ATLANTA
,
GA
303029957
CHARITABLE TRUST
FL
N/A
T
No
Schedule R (Form 990) 2018
Page 3
Schedule R (Form 990) 2018
Page
3
Part V
Transactions With Related Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note.
Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1
During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a
Receipt of
(i)
interest,
(ii)
annuities,
(iii)
royalties, or
(iv)
rent from a controlled entity
.....................
1a
No
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
No
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
Yes
d
Loans or loan guarantees to or for related organization(s)
............................
1d
Yes
e
Loans or loan guarantees by related organization(s)
............................
1e
Yes
f
Dividends from related organization(s)
............................
1f
Yes
g
Sale of assets to related organization(s)
............................
1g
No
h
Purchase of assets from related organization(s)
............................
1h
No
i
Exchange of assets with related organization(s)
............................
1i
No
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
No
k
Lease of facilities, equipment, or other assets from related organization(s)
......................
1k
Yes
l
Performance of services or membership or fundraising solicitations for related organization(s)
.....................
1l
Yes
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
No
n
Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)
...................
1n
Yes
o
Sharing of paid employees with related organization(s)
............................
1o
Yes
p
Reimbursement paid to related organization(s) for expenses
............................
1p
No
q
Reimbursement paid by related organization(s) for expenses
............................
1q
Yes
r
Other transfer of cash or property to related organization(s)
............................
1r
No
s
Other transfer of cash or property from related organization(s)
............................
1s
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1)
PARC ENDOWMENT FUND
C
164,306
CASH TRANSFER
(2)
PARC ENDOWMENT FUND NUMBER 2
C
110,343
CASH TRANSFER
(3)
TYRONE GENERAL INC
F
72,373
DIVIDENDS PAID
(4)
PARC HOUSING INC
K
129,528
FAIR MARKET VALUE
(5)
PARC HOUSING INC
D
77,190
INCREASE IN INTERCOMPANY LOAN
(6)
PARC ENDOWMENT FUND
E
390,878
INCREASE IN INTERCOMPANY LOAN
Schedule R (Form 990) 2018
Page 4
Schedule R (Form 990) 2018
Page
4
Part VI
Unrelated Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)
(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income
(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Yes
No
Schedule R (Form 990) 2018
Page 5
Schedule R (Form 990) 2018
Page
5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference
Explanation
Schedule R (Form 990) 2018
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