2024-04-19T10:14:00-05:00 2021-12-31 620713250 KRAFTCPAS PLLC 555 GREAT CIRCLE ROAD NASHVILLE TN 37228 990PF 2021-01-01 823273690 L & K LEGACY FOUNDATION L&KL 6104706998 2047 PARKER HOLLOW LANE NOLENSVILLE TN 37135 DERRICK MORGAN TRUSTEE 6104706998 2024-03-10 1 DERRICK MORGAN 999009999 EVA J PULLEY P00300802 6152427351 2024-03-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X X X 2517562 X 13100 12576 12576 24784 735535 24784 50460 37360 0 0 0 0 0 4411 4411 0 0 72 72 0 0 152 76 0 76 4635 4559 0 76 2500 2500 7135 4559 0 2576 43325 32801 0 754 419 419 375799 4410 4410 3578 7223 7223 0 103650 102950 223992 368307 398522 0 155992 154038 964279 957139 964279 1100000 750000 750000 750000 0 307 0 2311262 2354587 2517562 0 0 X 0 0 0 0 2311262 2354587 2311262 2354587 2311262 2354587 2311262 43325 0 2354587 0 2354587 PUBLIC SECURITIES P 2021-12-31 727791 710751 17040 17040 CAPITAL GAINS DIVIDENDS P 7744 7744 7744 24784 17040 456 0 456 0 456 0 0 0 0 0 0 456 0 0 0 0 0 0 0 0 0 0 1 1 TN 1 0 0 0 0 1 N/A DERRICK MORGAN 6104706998 2047 PARKER HOLLOW ROAD NOLENSVILLE TN 37135 0 0 0 0 0 0 0 0 1 2020 1 0 0 0 0 0 0 0 0 0 0 0 0 DERRICK MORGAN 2047 PARKER HOLLOW LANE NOLENSVILLE TN 37135 TRUSTEE 1.00 0 0 0 CHARITY MORGAN 2047 PARKER HOLLOW LANE NOLENSVILLE TN 37135 TRUSTEE 1.00 0 0 0 NONE 0 NONE 0 0 548634 87879 1688767 2325280 0 0 2325280 34879 2290401 114520 114520 456 456 114064 0 114064 0 114064 2576 0 2576 114064 30490 0 0 2576 2576 0 0 0 0 0 0 0 0 0 0 27914 114064 0 0 0 DERRICK MORGAN X LEGER DOUZABLE FOUNDATION 619 SW 17TH ST FORT LAUDERDALE FL 33315 NONE PUBLIC TO FURTHER THE EXEMPT PURPOSE OF THE FOUNDATION 500 WEST NASHVILLE DREAM CENTER 520 39TH AVE N NASHVILLE TN 37209 NONE PUBLIC TO FURTHER THE EXEMPT PURPOSE OF THE FOUNDATION 1000 BETHEL WORLD OUTREACH 5670 GRANNY WHITE PIKE BRENTWOOD TN 37027 NONE PUBLIC TO FURTHER THE EXEMPT PURPOSE OF THE FOUNDATION 1000 2500 0 14 12576 18 24784 0 37360 0 37360 0 0 0 0 0 0 0 0 0 0 X X 1 DERRICK MORGAN 2047 PARKER HOLLOW LANE NOLENSVILLE TN 37135 13100 X LINE 1 L & K LEGACY FOUNDATIONTHE FOUNDATION'S PRIOR ACCOUNTANT PREPARED THE ORIGINAL RETURN AND IT CONSISTED OF ERRORS RELATING TO OVERSTATEMENTS, UNDERSTATEMENTS AND OMISSIONS OF THE FOUNDATION'S ACTIVITY ALONG WITH SEVERAL SCHEDULES THAT WERE EITHER NOT COMPLETED OR COMPLETED INCORRECTLY. BELOW ARE ADJUSTMENTS MADE ON THIS AMENDED RETURN. PAYMENT FOR THE EXCISE TAX AND INTEREST HAVE BEEN PAID.PART I ANALYSIS OF REVENUE AND EXPENSESCOLUMN (C) AND COLUMN (D) WAS NOT COMPLETED CORRECTLY ON THE ORIGINAL RETURN.LINE 1. CONTRIBUTIONS WERE UNDERSTATED IN THE AMOUNT OF $13,100.LINE 4. DIVIDENDS AND INTEREST FROM SECURITIES WERE UNDERSTATED IN THE AMOUNT OF $4,342.LINE 16C. OTHER PROFESSIONAL FEES IN THE AMOUNT OF $4,411 WERE REPORTED ON LINE 23 IN ERROR.LINE 18. TAXES WERE UNDERSTATED IN THE AMOUNT OF $72.LINE 23. OTHER EXPENSES WERE OVERSTATED BY $12,655. LINE 25. CONTRIBUTIONS WERE UNDERSTATED IN THE AMOUNT OF $2,500.PART II BALANCE SHEETSCOLUMN (B) BOOK VALUE DID NOT INCLUDE ALL ASSETS HELD BY THE FOUNDATION AT YEAR END.COLUMN (C) FAIR MARKET VALUE DID NOT INCLUDE ALL ASSETS HELD BY THE FOUNDATION AT YEAR END.PART IV CAPITAL GAINS AND LOSSES FOR TAX ON INVESTMENT INCOMECAPITAL GAINS WERE OVERSTATED IN THE AMOUNT OF $3,403PART V EXCISE TAXTAX WAS UNDERSTATED IN THE AMOUNT OF $28.PART VI-A STATEMENTS REGARDING ACTIVITIESQUESTION 6 ANSWER SHOULD BE YES.QUESTIONS 8 REPORTS TO STATE OF TENNESSEE.PART IX MINIMUM INVESTMENT RETURNTHE ORIGINAL RETURN DID NOT INCLUDE THE AVERAGE MONTHLY VALUE OF ALL ASSETS OWNED BY THE FOUNDATION. THIS VALUE WAS UNDERSTATED IN THE AMOUNT OF $823,400.PART X DISTRIBUTABLE AMOUNTDISTRIBUTABLE AMOUNT WAS UNDERSTATED IN THE AMOUNT $40,524.PART XI QUALIFYING DISTRIBUTIONSDISTRIBUTIONS WERE UNDERSTATED IN THE AMOUNT OF $2,576.PART XII UNDISTRIBUTED INCOMEEXCESS DISTRIBUTIONS CARRYOVER FROM 2019 WAS OVERSTATED IN THE AMOUNT OF $97,288.UNDISTRIBUTED INCOME FROM 2020 WAS OMITTED FROM THE RETURN IN THE AMOUNT OF $30,490.PART XIV GRANTS AND CONTRIBUTIONS PAID DURING THE YEARCHANGES DUE TO AMOUNTS DISCLOSED ABOVE. BERNSTEIN 155992 154038 BERNSTEIN 368307 398522 103650 102950 0 0 OTHER NONCORPORATE INVESTMENTS AT COST 750000 750000 DIVIDEND CLEARING 307 BANK FEES 152 76 0 76 INVESTMENT ADVISORY FEES 4411 4411 0 0 FOREIGN TAXES 72 72 0 0