2024-08-21T16:13:17-05:00 2022-12-31 621804252 WATKINS UIBERALL PLLC 1661 AARON BRENNER DR STE 300 MEMPHIS TN 38120 990PF 2022-01-01 626040797 TRUST UNDER WILL OF B J WADE C/O FIRST HORIZON BANK WADE 9016812363 4385 POPLAR AVENUE RTC2 MEMPHIS TN 38117 PORTIA ZERILLA VICE PRESIDENT, FIRST HORIZON BANK 9016812363 2024-08-16 1 1 BRYAN D GRISSOM JR P01750233 9017612720 2024-08-16 2022 2024-08-08 14:25:15Z X X X 8765363 X X 14065 14065 253000 253000 240139 2269 2269 2269 269334 269334 26457 13228 13229 1285 1285 0 9607 9544 0 3518 3518 0 40867 27575 13229 0 0 40867 27575 13229 228467 241759 294608 294608 0 228006 393966 0 118842 101789 90685 0 90685 7975000 0 732141 8765363 0 0 X 0 0 0 0 0 732141 0 732141 0 732141 0 228467 503674 732141 0 732141 CAPITAL GAINS DIVIDENDS P 2269 2269 2269 2269 3360 0 3360 0 3360 0 0 0 0 0 156 3516 0 0 0 0 0 0 0 0 0 0 1 1 TN 1 0 0 0 0 1 N/A FIRST HORIZON BANK 9016812346 4385 POPLAR AVE MEMPHIS TN 38117 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FIRST HORIZON BANK 4385 POPLAR AVE MEMPHIS TN 38117 TRUSTEE 2.00 26457 0 0 NONE 0 NONE 0 0 692669 0 7170000 7862669 0 0 7862669 117940 7744729 387236 387236 3360 3360 383876 0 383876 0 383876 13229 0 13229 383876 0 0 0 13229 0 0 0 13229 0 0 0 0 0 0 0 0 370647 0 0 0 X 0 BAPTIST MEMORIAL HOSPITAL - UNION CITY 1201 BISHOP ST UNION CITY TN 38261 NONE 501(C)(3) HEALTHCARE 114365 DUNLAP ORPHANAGE THE ARP CENTER 918 S PLEASANTBURG DR STE 127 GREENVILLE SC 29607 NONE 501(C)(3) CARE FOR VULNERABLE YOUTH 106749 RIVES UNION CHURCH 888 FENNEL RD UNION CITY TN 38261 NONE 501(C)(3) RELIGION 7617 228731 14 14065 16 240139 14 2269 0 256473 0 256473 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 1285 1285 0 FIXED INCOME 118842 101789 EQUITIES 228006 393966 INSURANCE 686 686 0 OTHER EXPENSES 2832 2832 0 TRANSFER IN OF NET ASSETS 503674 THE ORGANIZATION FORMERLY FILED FORM 1041 FOR THE PERIOD IN WHICH IT HAD BOTH CHARITABLE AND NON-CHARITABLE BENEFICIARIES. ONCE IT WAS DETERMINED THAT THE ORGANIZATION SHOULD NO LONGER FILE FORM 1041, THERE WAS A DISAGREEMENT BETWEEN THE TAX ADVISERS OF THE TRUSTEE AND THE TRUST PROTECTOR AS TO WHAT THE CORRECT FILING STATUS SHOULD BE. THREE POSSIBILITIES WERE PROPOSED: -A TITLE HOLDING COMPANY EXEMPT UNDER SECTION 501(C)(2); -A PUBLIC CHARITY EXEMPT UNDER SECTION 501(C)(3) AND CLASSIFIED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3); AND -A PRIVATE FOUNDATION EXEMPT UNDER SECTION 501(C)(3).THE ORGANIZATION HAD REASON TO BELIEVE THAT IT MIGHT QUALIFY AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) BECAUSE ITS PURPOSES ARE RESTRICTED TO MAKING DISTRIBUTIONS IN SUPPORT OF THREE NAMED PUBLIC CHARITIES. THE TESTS FOR QUALIFYING AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3)(B)(III) ARE INHERENTLY SUBJECTIVE. DUE TO THE UNCERTAINTY AS TO WHETHER THE ORGANIZATION COULD SATISFY ALL OF THESE TESTS, IT WAS ULTIMATELY DETERMINED THAT THE ORGANIZATION SHOULD FILE RETURNS AS A PRIVATE FOUNDATION EFFECTIVE JANUARY 1, 2022.THIS DISAGREEMENT AS TO THE PROPER FILING STATUS WAS NOT RESOLVED UNTIL 3/31/2024. ACCORDINGLY, A FORM 1023 WAS SUBMITTED, AND PREPARATION OF THE FORM 990PF WAS STARTED IN 2024 FOR BOTH 2022 AND 2023.THE ORGANIZATION THEREFORE DID NOT ACT WILLFULLY AND HAD REASONABLE CAUSE FOR NOT FILING TIMELY. FOREIGN TAXES 201 201 0 FEDERAL INCOME TAX 63 0 0 PROPERTY TAXES 9343 9343 0