efile Public Visual Render
ObjectId: 202102009349100400 - Submission: 2021-07-19
TIN: 51-0227549
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
20
Open to Public Inspection
For calendar year 2020, or tax year beginning
06-01-2020
, and ending
05-31-2021
Name of foundation
C E RICHARDSON BENEVOLENT FOUNDATION
% Ruth S Looney
Number and street (or P.O. box number if mail is not delivered to street address)
PO BOX 1120
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PULASKI
,
VA
243011120
A Employer identification number
51-0227549
B
Telephone number (see instructions)
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
7,439,292
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
0
2
Check
.............
3
Interest on savings and temporary cash investments
0
0
0
4
Dividends and interest from securities
...
146,957
146,957
0
5a
Gross rents
............
0
0
0
b
Net rental income or (loss)
0
6a
Net gain or (loss) from sale of assets not on line 10
0
b
Gross sales price for all assets on line 6a
0
7
Capital gain net income (from Part IV, line 2)
...
99,526
8
Net short-term capital gain
.........
7
9
Income modifications
...........
0
10a
Gross sales less returns and allowances
0
b
Less: Cost of goods sold
....
0
c
Gross profit or (loss) (attach schedule)
.....
0
0
11
Other income (attach schedule)
.......
0
0
0
12
Total.
Add lines 1 through 11
........
146,957
246,483
7
13
Compensation of officers, directors, trustees, etc.
20,000
5,000
0
15,000
14
Other employee salaries and wages
......
6,150
2,050
0
4,100
15
Pension plans, employee benefits
.......
0
0
0
0
16a
Legal fees (attach schedule)
.........
0
0
0
0
b
Accounting fees (attach schedule)
.......
0
0
0
0
c
Other professional fees (attach schedule)
....
0
0
0
0
17
Interest
...............
0
0
0
0
18
Taxes (attach schedule) (see instructions)
...
4,159
284
0
569
19
Depreciation (attach schedule) and depletion
...
190
63
0
20
Occupancy
..............
1,200
400
0
800
21
Travel, conferences, and meetings
.......
0
0
0
0
22
Printing and publications
..........
145
0
0
145
23
Other expenses (attach schedule)
.......
2,613
871
0
1,742
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
34,457
8,668
0
22,356
25
Contributions, gifts, grants paid
.......
245,164
245,164
26
Total expenses and disbursements.
Add lines 24 and 25
279,621
8,668
0
267,520
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-132,664
b
Net investment income
(if negative, enter -0-)
237,815
c
Adjusted net income
(if negative, enter -0-)
...
7
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2020)
Page 2
Form 990-PF (2020)
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
1
Cash—non-interest-bearing
.............
6,017
13,051
13,051
2
Savings and temporary cash investments
.........
124,438
28,933
28,933
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
0
0
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
0
0
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
3,315
9
9
10a
Investments—U.S. and state government obligations (attach schedule)
0
b
Investments—corporate stock (attach schedule)
.......
1,564,169
1,622,822
7,396,700
c
Investments—corporate bonds (attach schedule)
.......
0
11
Investments—land, buildings, and equipment: basis
0
Less: accumulated depreciation (attach schedule)
0
0
0
0
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
0
14
Land, buildings, and equipment: basis
4,247
Less: accumulated depreciation (attach schedule)
3,648
631
599
599
15
Other assets (describe
)
0
0
0
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
1,698,570
1,665,414
7,439,292
17
Accounts payable and accrued expenses
..........
1,583
1,558
18
Grants payable
.................
0
0
19
Deferred revenue
.................
0
0
20
Loans from officers, directors, trustees, and other disqualified persons
0
0
21
Mortgages and other notes payable (attach schedule)
......
0
22
Other liabilities (describe
)
0
0
23
Total liabilities
(add lines 17 through 22)
.........
1,583
1,558
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
2,852,532
2,852,532
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
-1,155,545
-1,188,676
29
Total net assets or fund balances
(see instructions)
.....
1,696,987
1,663,856
30
Total liabilities and net assets/fund balances
(see instructions)
.
1,698,570
1,665,414
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
1,696,987
2
Enter amount from Part I, line 27a
.....................
2
-132,664
3
Other increases not included in line 2 (itemize)
3
102,934
4
Add lines 1, 2, and 3
..........................
4
1,667,257
5
Decreases not included in line 2 (itemize)
5
3,401
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
1,663,856
Form
990-PF
(2020)
Page 3
Form 990-PF (2020)
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
Norfolk Southern Corporation
P
2000-05-05
2020-11-11
b
Hartford Mutual FDS, Inc., MidCap FD CL A
D
2020-12-11
c
Frontier Communications Corporation (Bankruptcy)
P
1983-07-27
2021-05-04
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
40,873
3,225
37,648
b
65,279
0
65,279
c
0
3,401
-3,401
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
37,648
b
65,279
c
-3,401
d
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
99,526
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
...................
3
7
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1
Reserved
(a)
Reserved
(b)
Reserved
(c)
Reserved
(d)
Reserved
2
Reserved
...........................
2
3
Reserved
...........................
3
4
Reserved
...........................
4
5
Reserved
...........................
5
6
Reserved
...........................
6
7
Reserved
...........................
7
8
Reserved
,..........................
8
Form
990-PF
(2020)
Page 4
Form 990-PF (2020)
Page
4
Part VI
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
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Reserved
................................
1
3,306
c
All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% 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
3
Add lines 1 and 2
...........................
3
3,306
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
3,306
6
Credits/Payments:
a
2020 estimated tax payments and 2019 overpayment credited to 2020
6a
3,215
b
Exempt foreign organizations—tax withheld at source
......
6b
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
3,215
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
91
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2021 estimated tax
0
Refunded
11
Part VII-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 Instructions
for 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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
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
Yes
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 XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
VA
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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
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
Form
990-PF
(2020)
Page 5
Form 990-PF (2020)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
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
Yes
Website address
None
14
The books are in care of
Ruth S Looney
Telephone no.
(540) 980-6628
Located at
P O BOX 1120
202 N Washington Avenue Suite 303
PULASKI
VA
ZIP+4
243011120
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over
Yes
No
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
Part VII-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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
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)?
...............
Yes
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.)
.......
Yes
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
Organizations relying on a current notice regarding disaster assistance check here
........
c
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 2020?
.............
1c
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 2020, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2020?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2020 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 2020.)
..................
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 2020?
4b
No
Form
990-PF
(2020)
Page 6
Form 990-PF (2020)
Page
6
Part VII-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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
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?
.....
Yes
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
Organizations relying on a current notice regarding disaster assistance check here
.........
c
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?
..........
Yes
No
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?
.....................
Yes
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?
Yes
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?
.................
Yes
No
Part VIII
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
Phillip M Baker
Trustee
2.00
5,000
0
0
5673 Howell Drive
Dublin
,
VA
24084
Mark S Buckland
Trustee
2.00
5,000
0
0
5424 Ridgeview Way
Dublin
,
VA
24084
James D Miller
Trustee Emeritus
2.00
5,000
0
0
13304 Cambridge Village Loop
Apex
,
NC
27502
Ruth S Looney
Manager & Trustee
6.00
11,150
0
0
5948 Lyons Road
Dublin
,
VA
24084
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
NONE
Total
number of other employees paid over $50,000
...................
Form
990-PF
(2020)
Page 7
Form 990-PF (2020)
Page
7
Part VIII
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
.............
Part IX-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
Grants were awarded to 48 non-profit charitable applicants in Virginia
245,164
2
3
4
Part IX-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
.........................
Form
990-PF
(2020)
Page 8
Form 990-PF (2020)
Page
8
Part X
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
5,877,980
b
Average of monthly cash balances
.......................
1b
92,840
c
Fair market value of all other assets (see instructions)
................
1c
500
d
Total
(add lines 1a, b, and c)
.........................
1d
5,971,320
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
5,971,320
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
89,570
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
5,881,750
6
Minimum investment return.
Enter 5% of line 5
..................
6
294,088
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
294,088
2a
Tax on investment income for 2020 from Part VI, line 5
......
2a
3,306
b
Income tax for 2020. (This does not include the tax from Part VI.)
...
2b
0
c
Add lines 2a and 2b
............................
2c
3,306
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
290,782
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
290,782
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 XIII, line 1
...
7
290,782
Part XII
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
267,520
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
0
b
Cash distribution test (attach the required schedule)
.................
3b
0
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
267,520
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
267,520
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2020)
Page 9
Form 990-PF (2020)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2019
(c)
2019
(d)
2020
1
Distributable amount for 2020 from Part XI, line 7
290,782
2
Undistributed income, if any, as of the end of 2020:
a
Enter amount for 2019 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2020:
a
From 2015
......
0
b
From 2016
......
2,833
c
From 2017
......
0
d
From 2018
......
9,322
e
From 2019
......
14,335
f
Total
of lines 3a through e
........
26,490
4
Qualifying distributions for 2020 from Part
XII, line 4:
$
267,520
a
Applied to 2019, 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 2020 distributable amount
.....
267,520
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2020.
23,262
23,262
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
3,228
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 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2021. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
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 2015 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2021.
Subtract lines 7 and 8 from line 6a
......
3,228
10
Analysis of line 9:
a
Excess from 2016
....
0
b
Excess from 2017
....
0
c
Excess from 2018
....
0
d
Excess from 2019
....
0
e
Excess from 2020
....
3,228
Form
990-PF
(2020)
Page 10
Form 990-PF (2020)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-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 2020, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2020
(b)
2019
(c)
2018
(d)
2017
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
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 X, 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 XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Ruth S Looney
P O Box 1120
Pulaski
,
VA
243011120
(540) 230-1312
cerichardsonfoundation@gmail.com
b
The form in which applications should be submitted and information and materials they should include:
An application for an award grant is made by submitting a completed "Application for Grant Funds" form which can be obtained from the Foundation's office. Applications are accepted once a year after published public notice has been given. Applications will include Applicant's Name Address Type of legal entity Employer Identification Number copy of Determination Letter from IRS month accounting period ends date incorporated management and board members names and addresses IRS tax return amount requested (up to $10,000 limit) specific use of money including group of people to benefit Articles of Incorporation Annual Financial Report and Current Budget.
c
Any submission deadlines:
September 15 of current year
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Grants are limited to a $10,000 request. Non-Profit organizations must be located in a geographical area in a corridor thirty miles west and thirty miles east of Interstate 81 from Lexington Virginia to Abingdon Virginia. Private Colleges and Universities of Virginia are excluded from this geographical limitation and are eligible for grant consideration.
Form
990-PF
(2020)
Page 11
Form 990-PF (2020)
Page
11
Part XV
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)
a
Paid during the year
Adaire Theatre Kids
1097 Red Fox Lane
Pulaski
,
VA
24301
No Relationship
PC
help with the purchase of wireless microphones for theatre
4,000
American National Red Cross
352 Church Avenue
Roanoke
,
VA
24016
No Relationship
PC
To provide food shelter and clothing and other emergency needs to those who suffer losses from home fires of other disasters
10,000
Beans and Rice Inc
246 N Washington Avenue
Suite B
Pulaski
,
VA
24301
No Relationship
PC
help provide access to adult learning and family literacy
3,500
Calfee Community
P O Box 62
Pulaski
,
VA
24301
No Relationship
PC
Grants funds will be used in the remodel of the kitchen and other areas of the school
2,500
Childrens Assistive Tech
12801 Moneta Road
Unit A
Moneta
,
VA
24141
No Relationship
PC
Grant will be used to provide for the re-use of pediatric rehabilitation equipment in Virginia
6,500
Childrens Trust Foundation
541 Luck Avenue
Suite 308
Roanoke
,
VA
24016
No Relationship
PC
Grant funds will be used to coordinate a community response to child abuse.
5,000
City of Refuge Pulaski Inc
5308 Hatcher Road
Dublin
,
VA
24084
No Relationship
PC
Grant funds will provide 15 scholarships to underprivileged youth for a weekend trip to youth conference
2,500
Coast Guard Aux
4449 Sloan Branch Road
Draper
,
VA
24324
No Relationship
PC
Grant funds would be used to build a ramp to the upper floor of a building used by the coast guard auxiliary so all members could attend.
2,500
DePaul Community Resources
5650 Hollins Road
Roanoke
,
VA
24019
No Relationship
PC
Grant funds will help support children and families in the New River Valley who receive foster care adoption and community-based services.
2,500
Dublin United Methodist Ch
P O Box 577
Dublin
,
VA
24084
No Relationship
PC
Grant funds will be used to purchase food for the weekly backpacks of approximately 120 food insecure students at Dublin Elementary School
5,000
Easter Seals UCP NC VA Inc
201 E Main Street
Salem
,
VA
24153
No Relationship
PC
Grant funds will be used to provide financial aid to camp applicants according to need and as determined by household income.
3,000
Fairlawn Volunteer Fire Dept
7187 Warden Court
Fairlawn
,
VA
24141
No Relationship
PC
Grant funds will be used to purchase needed hoses for their new tanker.
9,575
Feeding America Southwest Virginia
1025 Electric Road
Salem
,
VA
24153
No Relationship
PC
Grant funds will be used to purchase food for those who are food insecure. Every $1 equal 5 meals.
5,000
Fine Arts Center
P O Box 309
Pulaski
,
VA
24301
No Relationship
PC
Funds will be used on educational outreach.
5,000
Free Clinic of Franklin County
P O Box 764
Rocky Mount
,
VA
24151
No Relationship
PC
Grant funds will be used to purchase a Vaccine Refrigerator.
1,100
Free Clinic of Pulaski County Inc
P O Box 1088
Pulaski
,
VA
24301
No Relationship
PC
Grant funds will be used in support of the cost of medications diabetic supplies and in support of their part-time nurse practitioner.
5,500
Friends of Pulaski Theatre Ltd
185 Northwood Place
Pulaski
,
VA
24301
No Relationship
PC
Grant funds will be used to assist in the ongoing expenses incurred during the pandemic.
5,000
Heritage Church Heritage Cares Food
P O Box 1565
Dublin
,
VA
24084
No Relationship
PC
Grant funds will be used to purchase food for the food pantry which is distributed every Thursday to those who are food insecure.
3,200
Hollins University
P O Box 9625
Roanoke
,
VA
24020
No Relationship
PC
Grant funds will be used to support current use scholarships for undergraduate students with unmet demonstrated financial need.
5,000
Jordans Chapel United Methodist Chu
1031 Crescent Street
Feed My Lambs Backpack Program
Pulaski
,
VA
24301
No Relationship
PC
Grant Funds will be used to purchase food that will be included in the backpacks for students at Critzer and Pulaski Elementary and Pulaski Headstart.
6,500
Joy Ranch Inc
P O Box 727
Hillsville
,
VA
24343
No Relationship
PC
Grant funds will be used to add purification systems to the buildings housing homeless children to help reduce the likelihood of the children being exposed to various viruses.
3,900
Leisure Directions Inc
P O Box 42
Christiansburg
,
VA
24068
No Relationship
PC
Grant funds will be used for programming expenses and other basic expenses such as rent and phone.
3,500
Literacy Volunteers of the New Rive
195 West Main Street
Christiansburg
,
VA
24073
No Relationship
PC
Grant funds will be used for payroll expenses for those who will work with partner organizations students volunteers and funders to ensure literacy services are provided to those who seek and need them.
1,000
Lutheran Family Services of Virgini
2609 McVitty Road
Roanoke
,
VA
24018
No Relationship
PC
Grant funds will be used to retrofit their Wytheville Minnick School with hands free hygiene devices.
2,500
Mayflower Christian Academy
1616 Newbern Road
Pulaski
,
VA
24301
No Relationship
PC
Grant funds will be used for tuition assistance curriculum and facilities supplies.
2,500
New River Community Action Inc
1093 East Main Street
To Our House
Radford
,
VA
24141
No Relationship
PC
Grant funds will be used to provide shelter food and compassionate support to homeless men and women during the winter months.
2,500
New River Community College
5251 College Drive
Educational Foundation Inc
Dublin
,
VA
24084
No Relationship
PC
Grant funds will provide tuition assistance to graduating Pulaski County High School students attending New River Community College.
25,000
New River Family Shelter Inc
110 Roanoke Street
Christiansburg
,
VA
24073
No Relationship
PC
Grant funds will be used to provide information and referral (including hotel stays) to anyone in a housing crisis
3,000
New River Historical Society
P O Box 607
dba Wilderness Road Regional Museum
Newbern
,
VA
24126
No Relationship
PC
Grant funds will be used to purchase and install heating and cooling units in two outbuildings used for workshops and history classes.
6,000
New River Valley Child Advocacy
205 West Main Street Office 4
Resources Education and Services
Christiansburg
,
VA
24073
No Relationship
PC
Grant funds will be used to support Parent Education to help eliminate child abuse and neglect.
2,500
New River Valley Senior Services In
6226 University Park Drive
Suite 3100
Fairlawn
,
VA
24141
No Relationship
PC
Grant funds will be used to provide the residents of the New River Valley with non-emergency medical transportation.
8,000
Newbern Volunteer Fire Department
P O Box 328
Newbern
,
VA
24126
No Relationship
PC
Grant funds will be used to assist in the ongoing side development and construction efforts of the new fire station.
5,000
Pulaski Adult Day Service and Fall
211 Fifth Street
Dublin
,
VA
24084
No Relationship
PC
Grant funds will be used to assist their food and nutrition program for older adults.
10,000
Pulaski County Christmas Store Inc
7570 Ritter Farm Road
Radford
,
VA
24141
No Relationship
PC
Grant funds will be used to provide Christmas assistance to qualifying children in the county.
2,500
Pulaski County Courthouse Exhibits
143 Third Street NW
Suite 1
Pulaski
,
VA
24301
No Relationship
PC
Grant funds will be used to assist with expenses relating to the new 3rd floor exhibit at the Old Courthouse entitled "Remembering the Sacrifices for Freedom"
6,500
Pulaski County District Court Servi
55 Commerce Street
Pulaski
,
VA
24301
No Relationship
PC
Grant funds will provide incentives to juveniles as they endeavor to make positive changes in their lives often under very difficult circumstances.
1,000
Pulaski County High School Choral D
5414 Cougar Trail Road
Dublin
,
VA
24084
No Relationship
PC
Grant funds will be used to purchase classroom materials in response to Covid-19. This new curriculum will be based on music appreciation music theory and music history.
2,000
Pulaski Daily Bread Inc
P O Box 824
Pulaski
,
VA
24301
No Relationship
PC
Grant funds will be used to purchase food and supplies needed to feed senior citizens children men and women who come to them daily for a free lunch.
5,000
Radford University Foundation Inc
P O Box 6915
Radford
,
VA
24141
No Relationship
PC
Grant funds will be used for scholarships for the 2021 Summer Bridge Program.
5,000
Special Olympics Virginia Inc
3212 Skipwith Road
Suite 100
Richmond
,
VA
23294
No Relationship
PC
Grant funds will be used to provide 27 scholarships for Special Olympics athletes to participate on the 2021 Special Olympics Virginia State games.
5,000
Virginia College Fund
1011 East Main Street
Suite 205
Richmond
,
VA
23219
No Relationship
PC
Grant funds will be allocated among Bluefield College Eastern Mennonite Averett University and Ferrum College via the VCF formula to provide scholarships for students.
5,000
Town of Dublin Vol Fire Dept
P O Box 699
Dublin
,
VA
24084
No Relationship
PC
Grant funds will be used to replace turnout gear for the firefighters.
10,000
Town of Pulaski Vol Fire Dept
117 N Jefferson Avenue
Pulaski
,
VA
24301
No Relationship
PC
Grant funds will be used to replace the headlights on all three fire engines.
4,889
Virginia Found for Indep Colleges
901 East Byrd Street
Suite 1625
Richmond
,
VA
23219
No Relationship
PC
Grant funds will be used to support library acquisitions for fifteen independent college and universities within the consortium.
5,000
Virginia Tech Foundation Inc
101 S Main Street
Pulaski County 4-H
Blacksburg
,
VA
24060
No Relationship
PC
Grant funds will be used to support the purchase of program equipment and materials for 4-H groups across Pulaski County.
10,000
Warm Hearth Foundation Inc
2603 Warm Hearth Drive
Blacksburg
,
VA
24060
No Relationship
PC
Grant funds will be used to support residents at Warm Hearth Village who cannot afford to pay the cost of their housing and health care.
5,000
YMCA of Pulaski County Inc
615 Oakhurst Avenue
Pulaski
,
VA
24301
No Relationship
PC
Grant funds will be used for general operations as they navigate through the Covid-19 pandemic.
5,000
Young Life
503 Sixth Street
Radford
,
VA
24141
No Relationship
PC
Grant funds will be used to help teens deal with the grief of loss the loneliness of addiction and poverty.
5,000
Total
.................................
3a
245,164
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2020)
Page 12
Form 990-PF (2020)
Page
12
Part XVI-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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
0
0
0
b
0
0
0
c
0
0
0
d
0
0
0
e
0
0
0
f
0
0
0
0
0
0
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
0
0
0
3
Interest on savings and temporary cash
investments
...........
0
0
0
4
Dividends and interest from securities
....
0
14
146,957
0
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
0
0
0
b
Not debt-financed property
.....
0
0
0
6
Net rental income or (loss) from personal property
0
0
0
7
Other investment income
.....
0
0
0
8
Gain or (loss) from sales of assets other than
inventory
............
0
0
0
9
Net income or (loss) from special events:
0
0
0
10
Gross profit or (loss) from sales of inventory
0
0
0
11
Other revenue:
a
0
0
0
b
0
0
0
c
0
0
0
d
0
0
0
e
0
0
0
12
Subtotal. Add columns (b), (d), and (e)
..
0
146,957
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
146,957
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2020)
Page 13
Form 990-PF (2020)
Page
13
Part XVII
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?
...........
Yes
No
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.
2021-07-19
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2020)
Additional Data
Software ID:
20012075
Software Version:
V1.0
Part VI Line 7 - Tax Paid with the Original Return:
91
Form 990PF - Special Condition Description:
Special Condition Description