2024-05-14T16:11:44-04:00 2023-06-30 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2022-07-01 561949971 TAMMY LYNN ENDOWMENT INC TAMM 9198323909 739 CHAPPELL DRIVE RALEIGH NC 27606 SARAH CRAWFORD CEO 9198323909 2024-05-13 true SARAH CRAWFORD 999009999 true SUSAN DEAN P01281194 9196621001 2024-05-13 2022 2023-04-26 12:10:37Z SARAH CRAWFORD 739 CHAPPELL DRIVE RALEIGH NC 27606 765056 false X WWW.NCTLC.ORG X 1995 NC TO EMPOWER INDIVIDUALS OF ALL ABILITIES TO LIVE THEIR FULLEST LIFE. 6 6 0 0 5922 6633 0 182631 70349 29500 188553 106482 105804 52766 0 0 0 0 32492 24920 138296 77686 50257 28796 2522697 2786000 0 2522697 2786000 TO EMPOWER INDIVIDUALS OF ALL ABILITIES TO LIVE THEIR FULLEST LIFE. false false 52766 52766 TAMMY LYNN ENDOWMENT, INC. DEVELOPS AND OPERATES THE ENDOWMENT FUND FOR TAMMY LYNN MEMORIAL FOUNDATION, INC. 52766 true false false false false false false false false true false false false false false true false true false false false false false false false false false true false false false false false false false false true true 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 X 6 6 false false false false false false false true true false false true true true true true true true true false X X SARAH CRAWFORD 9198323909 739 CHAPPELL DRIVE RALEIGH NC 27606 X DARREN DASBURG INTERIM TREA 1.00 X 0 0 0 SAM DIFRANCO DIRECTOR 1.00 X 0 0 0 NICHOLAS ELLIS DIRECTOR 1.00 X 0 0 0 TERRY MOORE-PAINTER SECRETARY 1.00 X 0 0 0 TOM MORRISON CHAIR 1.00 X 0 0 0 DAVID WHITE DIRECTOR 1.00 X 0 0 0 false false false 6633 6633 69275 69275 659648 658574 1074 1074 1074 RECOVERED BAD DEBT 29500 29500 29500 106482 30574 69275 52766 52766 24718 24718 VEHICLE EXPENSE 202 202 77686 52766 24920 0 85403 337813 56081 17286 2381213 2430901 2522697 2786000 0 0 X 85403 337813 2437294 2448187 2522697 2786000 2522697 2786000 X 28796 235032 -525 X false true X true false X X 1 TAMMY LYNN MEMORIAL FOUNDATION INC TAMMY LYNN MEMORIAL FOUNDATION INC 560999619 7 true 0 0 1 0 true false false false false false false false false false false false false false false false true false 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 0.000000000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2522703 10200 305380 -52283 2786000 3021064 5922 -350587 -153696 2522703 2478663 18021 698512 -174132 3021064 2317673 169158 51886 -60054 2478663 2146524 280462 97788 -207101 2317673 0.12130 0.87870 true false X 287296 235032 235032 52264 24718 29500 54218 106482 23468 -29500 -29500 52968 24718 24718 77686 SCHEDULE D, PAGE 2, PART V, LINE 4 TLC'S ENDOWMENT CONSISTS OF FIVE FUNDS, ONE DONOR-RESTRICTED ENDOWMENT THAT SUPPORTS OPERATIONS WITHOUT RESTRICTIONS AND FOUR DONOR-RESTRICTED ENDOWMENTS THAT SUPPORT PARTICULAR PROGRAMS OR TYPES OF EXPENDITURE. AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. TLC HAS A POLICY THAT 4% OF THE AVERAGE MARKET VALUE OF EACH ENDOWMENT WITHIN FUNDS OVER THE PREVIOUS TWELVE QUARTERS WILL BE AVAILABLE FOR DISTRIBUTION AT THE DISCRETION OF THE BOARD OF TLE. NO DISTRIBUTIONS FROM THE ENDOWMENTS ARE PERMITTED IF THE FAIR MARKET VALUE OF THE ENDOWMENTS IS LESS THAN THE AMOUNT THAT IS RESTRICTED IN PERPETUITY. SCHEDULE D, PAGE 3, PART X TLC EVALUATES ANY UNCERTAIN TAX POSITIONS. ACCORDINGLY, TLC'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO TLC, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION OF MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2023 OR 2022. SCHEDULE D, PAGE 4, PART XI, LINE 4B RECOVERED BAD DEBT 29,500 SCHEDULE D, PAGE 4, PART XII, LINE 2D RECOVERED BAD DEBT -29,500 true TLC OPERATIONS INC 739 CHAPPELL DRIVE RALEIGH NC 27606 561949972 501C3 52766 FMV SUPPORT MISSION 1 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION'S ACTIVITIES ARE CONTROLLED AND MONITORED BY ITS AFFILIATE ORGANIZATION, TLC OPERATIONS, INC. WHO IN TURN FOLLOWS STRICT CONTROLS AND POLICIES THAT ENSURE COMPLIANCE WITH ALL RELEVANT TAX EXEMPT RULES AND REGULATIONS AS WELL AS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. TINE KREBS OWNER BUSINESS false SCHEDULE L, PART V TINA KREBS, A CURRENT BOARD MEMBER OF TAMMY LYNN MEMORIAL FOUNDATION, INC., IS AN OFFICER AT RELIAS, A COMPANY THAT PROVIDED SERVICES FOR TAMMY LYNN OPERATIONS, INC. FOR THE YEAR ENDING 6/30/23. FOR TRANSPARENCY PURPOSES, THESE RELATIONSHIPS ARE BEING DISCLOSED ON EACH FORM 990 OF THE ORGANIZATION'S CONTROLLED GROUP. UNDER THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, THE RELATIONSHIPS ARE DISCLOSED TO THE BOARD. THE BOARD OBSERVES UNDER ITS STANDARD PRACTICES THE NECESSARY SAFEGUARDS TO ENSURE NO CONFLICT OR PRIVATE BENEFIT RESULTS. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. BY CONSENT, AND DOCUMENTED IN THE ORGANIZATION'S RECORDS, THE BOARD HAS NAMED SARAH CRAWFORD AS THE AUTHORIZED SIGNER FOR THE FORM 990. FORM 990, PAGE 6, PART VI, LINE 12C IT IS EXPECTED THAT DIRECTORS, TRUSTEES, OR KEY EMPLOYEES WILL DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS AT ANY TIME THAT A REAL OR PERCEIVED CONFLICT IS RECOGNIZED. EACH INDIVIDUAL IS MANDATED TO DISCLOSE ANY CONFLICTS OF INTEREST THAT HAVE ARISEN DURING THE PERIODIC BOARD MEETINGS THAT ARE HELD AT LEAST TWO TIMES A YEAR. IF ANY POTENTIAL CONFLICT ANYWHERE IN THE CORPORATE STRUCTURE WOULD BE KNOWN TO THE COLLECTIVE OFFICERS AND DIRECTORS OF THE ENTIRE CONSOLIDATED TAMMY LYNN CENTER GROUP OF ENTITIES, SPECIFIC INQUIRY, ACTION, AND DOCUMENTATION WOULD OCCUR. FORM 990, PAGE 6, PART VI, LINE 15A NO OFFICERS ARE ACTIVELY INVOLVED WITH THE ORGANIZATION. ALL DECISION- MAKING IS CONTROLLED BY THE BOARD OF DIRECTORS, WHO ARE UNCOMPENSATED. FORM 990, PAGE 6, PART VI, LINE 15B NO OFFICERS ARE ACTIVELY INVOLVED WITH THE ORGANIZATION. ALL DECISION- MAKING IS CONTROLLED BY THE BOARD OF DIRECTORS, WHO ARE UNCOMPENSATED. FORM 990, PAGE 6, PART VI, LINE 19 INTERESTED PERSONS MAY VISIT THE ORGANIZATION WEBSITE OR CONTACT THE OFFICE TO REQUEST PUBLIC DISCLOSURE DOCUMENTS. FORM 990, PART XI, LINE 9 RECOVERED BAD DEBT -29,500 RECOVERED BAD DEBT 29,500 TLC OPERATIONS INC 739 CHAPPELL DRIVE RALEIGH NC 27606 561949972 CHARITY NC 501 10 TLMF INC true TAMMY LYNN MEMORIAL FOUNDATION INC 739 CHAPPELL DRIVE RALEIGH NC 27606 560999619 HOLDING CO NC 501 7 N/A false false true false false true false false false false false false false false false false false false false false TLC OPERATIONS INC B 52766 ACTUAL AMOUNT TAMMY LYNN MEMORIAL FOUNDATION INC E SEE SCHEDULE R, PART VII SCHEDULE R THE ORGANIZATION IS PART OF A CONTROL GROUP INCLUDING TAMMY LYNN MEMORIAL FOUNDATION, INC. EIN: 56-0999619, TLC OPERATIONS, INC. EIN: 56-1949972 AND TAMMY LYNN ENDOWMENT, INC. EIN: 56-1949971(AS INDICATED ON SCH. R., PART II). THE AMOUNTS REPORTED ON PART VIII, PART IX, AND PART X OF THE ORGANIZATION'S FORM 990 ARE COMPONENTS OF THE AGGREGATE AMOUNTS REPORTED PER THE CURRENT CONSOLIDATED AUDITED FINANCIAL STATEMENTS. THE FINANCIAL STATEMENTS PREPARED ON A CONSOLIDATED BASIS REFLECT STANDARD ELIMINATION ENTRIES FOR INTERCOMPANY ACTIVITIES, INCLUDING A CUMULATIVE INTERCOMPANY RECEIVABLE FOR AMOUNTS TRANSFERRED OVER TIME FROM TAMMY LYNN MEMORIAL FOUNDATION, INC. TO TLC OPERATIONS, INC. AND TAMMY LYNN ENDOWMENT, INC. TO FUND ITS EXEMPT PROGRAM SERVICE OPERATIONS. FOR PURPOSES OF TRANSPARENCY, THE INTERCOMPANY ACTIVITIES ARE REFLECTED ON SCH. R, PART V AND INCLUDE INTERCOMPANY LEASE CHARGES, THIRD PARTY LOAN GUARANTEES AND AN APPROPRIATE ALLOCATION OF COSTS FOR SHARED FACILITIES AND OTHER RESOURCES IN ACCORDANCE WITH THE EXISTING RELATED PARTY MANAGEMENT AGREEMENT.