2024-11-14T11:34:18-06:00 2023-12-31 420714325 RSM US LLP 920 5TH AVENUE SUITE 2800 SEATTLE WA 98104 990PF 2023-01-01 237245123 H SMITH RICHARDSON CHARITABLE TRUST HSMI 3363798600 701 GREEN VALLEY RD 306 GREENSBORO NC 274087096 ROSS HEMPHILL CFO 3363798600 2024-11-13 1 0 SUE ROBISON P00560072 2062814444 2024-11-12 2023 2024-10-15 13:58:12Z X 66823674 X X 910026 901909 2033856 2032034 3759860 294031 6703742 3227974 0 0 0 3363 0 3363 13000 0 13000 604484 846369 604484 29038 0 0 2611 0 2611 36761 0 51672 689257 846369 675130 1987000 1987000 2676257 846369 2662130 4027485 2381605 26395 20266 20266 374 374 374 62628880 66787617 66787617 30220 15417 15417 62685495 66823674 66823674 22 14716 191000 287000 191022 301716 X 62494473 66521958 62494473 66521958 62685495 66823674 62494473 4027485 0 66521958 0 66521958 FLOW THROUGH FROM MOORINGS CAPITAL, LLC P 338462 338462 FLOW THROUGH FROM MOORINGS CAPITAL, LLC P 1695394 1695394 UBI (GAIN)/LOSS FLOW THROUGH FROM MOORINGS CAPITAL LLC P -1822 -1822 2032034 33104 0 33104 0 33104 20145 0 16000 0 36145 X 0 3041 3041 0 0 0 0 0 0 0 0 0 1 1 0 1 1 CT NC 1 0 0 1 0 1 N/A ROSS HEMPHILL 3363798600 701 GREEN VALLEY ROAD SUITE 306 GREENSBORO NC 274087096 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 C GERHARD ANDERSON III 701 GREEN VALLEY ROAD NO306 GREENSBORO NC 27408 TRUSTEE 1.00 0 0 0 JOHN P RICHARDSON JR 701 GREEN VALLEY ROAD NO306 GREENSBORO NC 27408 TRUSTEE 1.00 0 0 0 TYLER B RICHARDSON 701 GREEN VALLEY ROAD NO306 GREENSBORO NC 27408 TRUSTEE 1.00 0 0 0 NICOLAS L RICHARDSON 701 GREEN VALLEY ROAD NO306 GREENSBORO NC 27408 TRUSTEE 1.00 0 0 0 NONE 0 SMITH RICHARDSON FOUNDATION 701 GREEN VALLEY ROAD GREENSBORO NC 27408 GRANT ADMINISTRATION SERVICES 590834 0 0 63980263 22084 0 64002347 0 0 64002347 960035 63042312 3152116 3152116 33104 33104 3119012 0 3119012 0 3119012 2662130 0 2662130 3119012 0 0 356452 356452 2662130 0 0 0 2662130 0 356452 356452 0 0 0 0 0 100430 0 0 0 X SMITH RICHARDSON FOUNDATION INC 701 GREEN VALLEY ROAD GREENSBORO NC 27408 PF FLOW THROUGH GRANT - FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR RELIGIOUS NEEDS. 1967000 LAFAYETTE COLLEGE 730 HIGH ST EASTON PA 18042 PC GENERAL SUPPORT 10000 GREENS FARMS ACADEMY 35 BEACHSIDE AVE WESTON CT 06880 PC GENERAL SUPPORT 5000 SAILING FOUNDATION OF THE YACHT CLUB OF SEA ISLE CITY INC 4487 VENICEAN RD SEA ISLE CITY NJ 08243 PC GENERAL SUPPORT 3000 WESTON VOLUNTEER FIRE DEPARTMENT 56 NORTHFIELD RD WESTON CT 06883 PC GENERAL SUPPORT 2000 1987000 0 523000 14 910026 523000 14 359855 523000 18 2033856 DEFERRED TAX BENEFIT 900099 -81000 GAAP ADJUSTMENTS FROM FLOW THROUGH ENTITY 523000 4452376 PORTFOLIO DEDUCTIONS FROM FLOW THROUGH ENTITY 523000 -971371 0 6703742 0 6703742 0 0 0 0 0 0 0 0 0 0 AUDIT FEE 13000 0 13000 SMITH RICHARDSON FOUNDATION 701 GREEN VALLEY ROAD SUITE 306 GREENSBORO NC 27408 2023-04-12 1967000 TO BE USED FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL PURPOSES OR RELIGIOUS NEEDS AS DEFINED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). 1967000 NO 11/07/2024 GRANT WAS FULLY EXPENDED IN ACCORDANCE WITH AGREED UPON TERMS OF EXPENDITURE RESPONSIBILITY. CONTROLLED ENTITIES FORM 990-PF, PART VI-A, LINE 11 THE H. SMITH RICHARDSON CHARITABLE TRUST (EIN 23-7245123) OWNS AN APPROXIMATELY 8.16% INTEREST IN MOORINGS CAPITAL LLC (EIN 56-2280118). MOORINGS CAPITAL LLC'S ADDRESS IS 701 GREEN VALLEY ROAD, SUITE 306, GREENSBORO, NC 27408. SOME OF THE OTHER LLC MEMBERS SHARE COMMON TRUSTEES WITH THE H. SMITH RICHARDSON CHARITABLE TRUST. WHEN THE TRUST'S OWNERSHIP INTEREST IN MOORINGS CAPITAL LLC IS COMBINED WITH THE OTHER LLC MEMBERS, THE TRUST COULD BE CONSIDERED TO OWN A CONTROLLED ENTITY. DURING THE 2023 TAX YEAR, THE H. SMITH RICHARDSON CHARITABLE TRUST DID NOT RECEIVE ANY SPECIFIED PAYMENTS FROM MOORINGS CAPITAL LLC WITHIN THE MEANING OF INTERNAL REVENUE CODE SECTION 512(B)(13)(A).ALSO, THE H. SMITH RICHARDSON CHARITABLE TRUST'S OWNERSHIP INTEREST IN MOORINGS CAPITAL LLC IS NOT AN EXCESS BUSINESS HOLDING UNDER INTERNAL REVENUE CODE SECTION 4943.MOORINGS CAPITAL LLC IS A PARTNERSHIP FOR FEDERAL INCOME TAX PURPOSES, AND IT HAS FOUR PARTNERS/LLC MEMBERS. ALL OF THE MEMBERS ARE TAX EXEMPT ENTITIES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).THIS LLC WAS FORMED FOR THE PURPOSE OF POOLING EACH INDIVIDUAL TAX EXEMPT ENTITY'S SEPARATE INVESTMENTS INTO ONE LARGER INVESTMENT POOL. THIS POOLING OF INVESTMENTS PROVIDES MANY BENEFITS TO THE PARTNERS/MEMBERS WHICH INCLUDE LOWER INVESTMENT MANAGEMENT FEES AND ACCESS TO INVESTMENTS NOT OTHERWISE AVAILABLE. MOORINGS CAPITAL LLC DOES NOT HAVE ANY EMPLOYEES AND ITS ONLY ASSETS ARE THE INVESTMENTS IN LOWER TIER INVESTMENT PARTNERSHIPS. MOORINGS CAPITAL DOES NOT HAVE A CONTROLLING INTEREST IN ANY OF THE LOWER TIER INVESTMENT PARTNERSHIPS THAT IT OWNS. ALSO, NEITHER H. SMITH RICHARDSON CHARITABLE TRUST NOR ANY OTHER PARTNER/LLC MEMBER HAS ANY CONTROLLING INTEREST IN ANY OF THE LOWER TIER INVESTMENTS THAT ARE OWNED BY MOORINGS CAPITAL LLC.DURING THE 2023 TAX YEAR THE H. SMITH RICHARDSON CHARITABLE TRUST RECEIVED $2,626,000 OF CAPITAL DISTRIBUTIONS FROM MOORINGS CAPITAL LLC. INVESTMENT IN MOORINGS CAPITAL LLC FMV 66787617 66787617 LEGAL FEE 3363 0 3363 PREPAID INSURANCE 15200 15417 15417 FEDERAL EXCISE TAX REFUNDABLE 15020 0 0 INSURANCE EXPENSE 26211 0 26429 MISCELLANEOUS EXPENSES 3600 0 18293 PROBATE COURT FEES 6950 0 6950 NET RENTAL REAL ESTATE INCOME FROM FLOW THROUGH ENTITY -14594 -7062 -14594 OTHER INVESTMENT GAIN/(LOSS) FROM FLOW THROUGH ENTITY 252786 252700 252786 ROYALTY INCOME FROM FLOW THROUGH ENTITY 9016 8487 9016 ORDINARY BUSINESS INCOME FROM FLOW THROUGH ENTITY 111830 36859 111830 SECTION 1231 GAIN/LOSS FROM FLOW THROUGH ENTITY 817 3047 817 DEFERRED TAX BENEFIT -81000 -81000 GAAP ADJUSTMENTS FROM FLOW THROUGH ENTITY 4452376 4452376 PORTFOLIO DEDUCTIONS FROM FLOW THROUGH ENTITY -971371 -971371 DEFERRED FEDERAL EXCISE TAX ACCURAL 191000 272000 FEDERAL EXCISE TAX PAYABLE 0 15000 OTHER PROFESSIONAL SERVICES 13650 0 13650 MANAGEMENT FEE 590834 0 590834 INVESTMENT EXPENSES FROM FLOW THROUGH ENTITY 0 846369 0 FEDERAL EXCISE TAX 29038 0 0 MOORINGS CAPITAL LLC 701 GREEN VALLEY ROAD SUITE 306 GREENSBORO NC 27408 562280118 DISTRIBUTION MADE FROM MOORINGS CAPITAL LLC SHOWN ON 2023 SCH K-1 RECEIVED FROM PARTNERSHIP. 0 2626000