2024-04-19T15:01:15-05:00 2023-12-31 920460586 PWC US TAX LLP 4300 E CAMELBACK ROAD STE 475 PHOENIX AZ 85018 990 2023-01-01 636019648 CHILDREN'S FRESH AIR FARM FUND CHIL 2058203141 P O BOX 11647 BIRMINGHAM AL 35202 REGIONS BANK TRUSTEE TRUST OFFICER 2058203141 2024-04-17 true true JEFFREY E KUHLIN P00353001 4123556000 2024-04-17 X 2023 2023-04-26 12:10:37Z REGIONS BANK 250 RIVERCHASE PARKWAY EAST BIRMINGHAM AL 35244 752622 false X N/A X 1945 AL CHILDREN'S FRESH AIR FARM IS A SUPPORT ORGANIZATION TO THE INDEPENDENT PRESBYTERIAN CHURCH FOUNDATION WORKING COLLABORATIVELY WITH THE IPC FOUNDATION TO FURTHER ITS MISSION AND GOAL WHICH IS TO SERVE THE CHURCH, THE COMMUNITY AND THE WORLD. 1 0 0 0 0 0 0 321788 74128 0 321788 74128 95340 98890 0 17184 16236 0 0 2570 2555 115094 117681 206694 -43553 2087753 2042968 0 0 2087753 2042968 X CHILDREN'S FRESH AIR FARM IS A SUPPORT ORGANIZATION TO THE INDEPENDENT PRESBYTERIAN CHURCH FOUNDATION WORKING COLLABORATIVELY WITH THE IPC FOUNDATION TO FURTHER ITS MISSION AND GOAL WHICH IS TO SERVE THE CHURCH, THE COMMUNITY AND THE WORLD. false false 98890 98890 MONIES DISBURSED TO CHILDREN'S FRESH AIR FARM FOR MAINTENANCE, OPERATION AND SUPPORT. 98890 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false X 1 0 false false false false false false false true false false false true false false false true false false AL X REGIONS BANK TRUSTEE 2058203141 250 RIVERCHASE PARKWAY EAST BIRMINGHAM AL 35244 X REGIONS BANK TRUSTEE 1.0 X 16236 0 0 16236 0 0 false false false 50534 50534 702088 678494 23594 23594 23594 74128 74128 98890 98890 16236 16236 1300 1300 1255 1255 INVESTMENT EXPENSES FOREIGN TAXES 117681 98890 18791 0 16566 21235 2071187 2021733 2087753 2042968 0 0 X 2087753 2042968 2087753 2042968 2087753 2042968 X -43553 -1232 X false false false X X 1 IPC FOUNDATION 237396600 1 true 98890 0 1 98890 0 true false false false false false false false false false false true false false false false true false true X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCH A, PART I, LINE g (A) THE CHILDREN'S FRESH AIR FARM TRUST WAS ESTABLISHED BY THE ROBERT R. M EYER FOUNDATION AND THE INDEPENDENT PRESYTERIAN CHURCH IN 1945. $50,00 0 CAME FROM THE ROBERT R. MEYER FOUNDATION, AND $25,000 CAME FROM INDE PENDENT PRESBYTERIAN CHURCH (IPC). INVESTMENT DECISIONS ARE APPROVED B Y IPC'S BOARD OF TRUSTEES, WHO ALSO DETERMINE AMOUNT AND TIMING OF DIS TRIBUTIONS NEEDED IN ORDER TO ACCOMPLISH THE TRUST'S SCHEDULE A, PART I, LINE g (A) PRIMARY PURPOSE OF PROVIDING FOR THE MAINTENANCE, OPERATION, AND SUPPO RT OF THE CHILDREN'S FRESH AIR FARM. REGIONS BANK, TRUSTEE, HAS AN ON GOING RELATIONSHIP WITH IPC AND THE CHILDREN'S FRESH AIR FARM SINCE TH E FUND'S ESTABLISHMENT. SCH A, PART IV, SECTION D, LINE 2 SINCE THIS TRUST BEGAN IN 1945, THE SUPPORTED ORGANIZATION PARTICIPATE S IN MEETINGS AND NOTIFIES THE TRUSTEE OF THEIR FINANCIAL STATUS, NEED S, AND ALSO DIRECTS THE TIMING OF DISTRIBUTIONS ALONG WITH WHEN AND HO W THEY ARE REMITTED. MEETING MINUTES ARE KEPT IN THE TRUSTEES ACCT FI LE. SCH A, PART IV, SECTION D, LINE 3 UNDER THE GOVERNING DOCUMENT, THE SUPPORTED ORGANIZATION HAS AUTHORITY TO APPROVE INVESTMENTS AND REINVESTMENTS OF THE ASSETS OF THE TRUST. THE BOARD PARTICIPATES IN INVESTMENT MEETINGS AND DECISIONS. THEY MA KE NEEDS KNOWN THROUGH COMMUNICATION WITH OFFICERS OF REGIONS BANK, TH E TRUSTEE. SCH A, PART V, LINE 1 THIS TRUST WAS CREATED ON APRIL 12, 1945, FOR THE PURPOSE OF PAYING IN COME TO THE CHILDREN'S FRESH AIR FARM. ALL UNEXPIRED INTEREST IN THE TRUST ARE DEVOTED TO PURPOSES DESCRIBED IN SECTION 170(c)(1) OR (c)(2) (B) OF THE CODE, AND A DEDUCTION WAS ALLOWED WITH RESPECT TO SUCH INTE REST UNDER SECTION 170. SCH A, PART V, LINE 1 (CONTINUED) THE TRUST HAS NOT RECEIVED ANY GRANT, CONTRIBUTION OR BEQUEST SINCE NO VEMBER 20, 1970. ACCORDING TO THE GOVERNING INSTRUMENT, REGIONS BANK, THE TRUSTEE OF THE TRUST, MUST DISTRIBUTE ALL OFTHE TRUST'S NET INCOM E TO THE CHILDREN'S FRESH AIR FARM. REGIONS BANK, AS TRUSTEE, HAD NO DISCRETION TO CHANGE THE SCH A, PART V, LINE 1 (CONTINUED) CHARITABLE BENEFICIARY OR THE AMOUNTS PAYABLE TO SUCH CHARITABLE BENEF ICIARY. REGIONS BANK IS NOT A DISQUALIFIED PERSON WITHIN THE MEANING OF SECTION 4946(a) WITH RESPECT TO THE TRUST. ACCORDINGLY, THIS TRUST IS NOT REQUIRED TO COMPLETE PART V, SECTIONS A THROUGH E. true IPC FOUNDATION 3100 HIGHLAND AVENUE BIRMINGHAM AL 35205 237396600 501(c)(3) 98890 TO EXTEND IPC'S MINISTRIES THROUGH THE USE OF ENDOWMENTS EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 THE ORGANIZATION DISTRIBUTES THE MONIES TO THE CHILDREN'S FRESH AIR FARM IN BIRMINGHAM, AL, FOR THE MAINTENANCE, OPERATION AND SUPPORT OF ITS MINISTRIES. THE ACTUAL TIMING AND AMOUNTS OF DISTRIBUTIONS ARE APPROVED BY IPC'S BOARD OF TRUSTEES. FORM 990, PAGE 6, PART VI, SECTION B, LINES 12, 13, AND 14 WHILE THIS TRUST DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY, A WRITTEN WHISTLEBLOWER POLICY, OR A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, REGIONS BANK AS CORPORATE TRUSTEE DOES HAVE ALL OF THE ABOVE POLICIES. ALL BANK POLICIES ARE MONITORED BY THE BANK'S MANAGEMENT. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a THE AMOUNTS PAID TO CHILDREN'S FRESH AIR FARM AND TO THE INDEPENDENT PRESBYTERIAN CHURCH FOUNDATION ARE DOCUMENTED IN THE BOOKS AND RECORDS OF THE TRUST. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b THE ENTITY IS A TRUST, AND NO COMMITTEES HAVE BEEN GIVEN AUTHORITY TO ACT ON BEHALF OF THE TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW THE CORPORATE TRUSTEE PREPARES THE FORM 990. SENIOR TAX DEPARTMENT STAFF REVIEW THE RETURN FOR ACCURACY AS TO CONTENT AND CALCULATIONS, AND CONSULTS WITH THE ACCOUNT ADMINISTRATIVE OFFICER, WHO IS PROVIDED WITH A COPY OF THE 990 RETURN PRIOR TO ITS BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 15a CORPORATE TRUSTEE FEES ARE BASED UPON PUBLISHED FEE SCHEDULES. FORM 990, PAGE 6, PART VI, LINE 18 THE CORPORATE TRUSTEE MAKES THE TAX RETURNS AND EXEMPTION APPLICATIONS AVAILABLE UPON WRITTEN REQUEST. PAPER COPIES WILL BE PROVIDED. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATE TRUSTEE MAKES THE TAX RETURNS, GOVERNING DOCUMENTS, AND FINANCIAL STMTS AVAILABLE UPON WRITTEN REQUEST. PAPER COPIES WILL BE PROVIDED. FORM 990, PAGE 7, PART VII, SECTION A NOT APPLICABLE EXPLANATION FOR FORM 990, PART XI, LINE 9 MUTUAL FUND TIMING ADJ ($829), CY PURCHASE OF ACCRUED INT ($86), PY PURCHASE OF ACCRUED INT $22, CY PENDING SALES ($4), PY PENDING SALES ($14), TAX LOT BASIS ADJ ($2), COST BASIS ADJ ($319) INDEPENDENT PRESBYTERIAN CHURCH FOUNDATION C/O INDEPENDENT PRESBYTERIAN CHURCH 3100 HIGHLAND AVENUE BIRMINGHAM AL 352051408 237396600 TO EXTEND IPC'S MINISTRIES THROUGH THE USE OF AL 501(C)(3) 1 N/A false false true false false false false false false false false false false false false false false false false false