Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / Jan. 28, 1993, edition 1 / Page 11
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Beauticians Hold Banquet The Winston-Salem Beauti cians Association, Chapter #2. held its annual Christmas banquet and fashion show, Dec. 19. at 6 p.m., at the Holiday Inn - North on Univer sity Parkway. Deborah Alford was mistress of ceremony. Anna Leak was pro gram chairperson for the event. Mary Holmes was the commentator for the fashion show. Dianne Millet was chosen as ; Miss Beautician of the Year. Mary Holmes won the Miss Congeniality award and a certificate and love cup for outstanding ser vice. Lenora Washington and Anna Leak also were presented a certifi cate and love cup for outstanding service. Roxanna Pitts and Minnie Webb received recognition as the oldest members in the organization. Other members who received certificates for outstanding service were: Otho Darden, Earline White, Rachel Todd, Minnie Harris. Elsie Moore, Areatha Jones, and chapter president. Anna M. Jones. Dianne Miller was chosen as Miss Beautician of the Year Alumni Seeking Talented Teens The Winston-Salem Alumni Chapter of Delta Sigma Theta Sorority Inc. is seeking talented actors, singers, dancers and comedi ans to audition for a performance at "Open Mike at Club Jabberwock." where the winners will compete for cash prizes. The cattle call for talent will be held Saturday. Jan. 30. from 1 1 a.m. to 1 p.m. at St. Paul United Methodist Church. located- on the corner of Dellabrook at New Walk ertown roads. Ten auditioning acts \fill be selected to perform the evening of March 27 at the sorority's Jabber - wock presentation. . Auditions arc open to any type of act. For more information, contact Cheryl Harrisorrr 750-2125 or 765 V557 or Denise Hartsfield. 661 5008.723-6701. John Lewis Pays Tribute U.S. Congressman John Lewis (D-5th-Ga.), saddened by the pass ing of Supreme Court Justice Thur good Marshall, said "the nation has lost one of its greatest champions ot justice." "I feel deep sadness over the passing of Thurgood Marshall. Jus tice Marshall represented the very best of the Americar^ tradition. He was a pioneer in th^Civil "Rights Movement of this nation. He was a protector of civil rights, civil liber ties, our Constitution, our nation and the freedom and democracy for which our nation stands." "As a Supreme Court Justice, Thurgood Marshall served his coun try with distinction. He brought tremendous dignity and' compassion to the Supreme Court. His years on the bench will be remembered as years of great change in our country. Justice Marshall served as a guided light and a outstanding leader." "Long before he joined the Supreme Court. Marshall was one ol the most prominent civil rights attor Tpv* in the -country. As an attorney for the NAACP L-egal Defense Fund. Thurgood Marshall spear headed the drive to desegregate pub lic schools. He argued the landmark; Broun v. Board of Education school desegregation case before the Supreme Court in 1954 He traveled the length and. breadth of this coun try challenging racially discrimina tory laws." "Justice Marshall fulfilled a role in the legal phase of the Civil Rights Movement as important as the role Dr. Martin Luther King Jr. fulfilled in the mass movement phase of the Civil Rights Movement. I consider Justice Marshall to be one of the founding fathers of modern Amer ica." "We must recognize the great role he played in history . We must never lorgef his contributions to American society.' Lewis said. MONEY WATCH \ ? By THEODORE R. DANIELS ->^5? It's Tax Time (Part II) Which form should I use? This is the most frequent question asked by taxpayers. The basic tax return for individuals is Form 1040. This form may be used by any individual. In addition to Form 1040, there is the "short form" (Form 1040A) and a form for single taxpayers who do not claim any dependents (Form 1040EZ). The basic tax Form 1040 is two paces. There are several supporting schedules of Form 1040 which must be prepared based on the activities in which the taxpayer has been involved in during the 1992 tax year. For example, certain schedules have to be involved during the 1992 tax year. For example, certain schedules have to be prepared to: show income received from sources other than wages; deductions ciauncd; and credits and other benefits for which you may be eligible to receive. The most widely used schedules of Form 1040 are: ?Schedules A & B for itemized deductions and for interest and divi dend; * Schedule D for capital gain and losses (created through the sale of property); * Schedule C is for non-farm income or loss fused by taxpayers who have a sole-proprietor business or profession); * Schedule E for income from rents or royalties, partnerships, estates and trusts, and small business corporations; * Schedule R for credit for the elderly and the permanently and totally disabled; ?Schedule SE for self-employment tax; ?Schedule EIC for the earned income tax credit; * Form 2106 for employee business expenses; The Form 1040A may be used by arwH^xpayer whose income is under $50,000 and all income earned was from wages, salaries, tips tax able scholarships and fellowships, unemployment compensation, dtvt -dends and interest This form, however, can not be used if you, the tax payer itemizes youf deductions. (Form 1040 must be used if vou itemize your deductions.! The Individual Retirement Account (IRA) contribution deductions and th<fe child care credit are allowed in conjunction with the preparation of Fprm 1040A. Keep in mind that Form 1040A is basically for taxpayers wno have no business deductions and who claim no credits against tax other than the specral earned income credit for certain low income individuals and the child care credit. The form 1040EZ can be used by a taxpayer who is unmarried w ith less than $50,000 of taxable income from wages and $400 or less from interest and do not claim any dependents. Fuqua to Sponsor MBA Workshop A workshop for minorities con ^rdertng nn advanced degree in management education will be held at Duke t'niversits 's Fuqua School of Busmen Jan. 28-30. The MBA Workshop for Minorits Applicants, sponsored bs Kraft General Foods Inc.. provides an overview of graduate manage ment education, from the applica tion process to career development. .This sear, about 65 participants from throughout the I'nited States will attend the three-das svorkshop that incorporates both formal and informal interaction svith faculty, students, alumni and administrators. Participants will attend abbrevi ated, classes and informational ses sions on placement and financial aid. as ssell as meet with corporate business leaders. They also svill hu\e an opportunity* to learn skills and technique^ Thai may help them in their professional and academic e:ideasors. -> "We hope the workshop gives Fuqua a recruitment advantage, but we feel like ^e've accomplished our mission if the participants apply at an\ institution of higher learn ing." said Melinda Bissett. assistant director of admissions of Fuqua. In its 12th year, the workshop attracts minorities who are lished in their fields and interested in returning to school for an advanced degree. Some of the par ticipants are undergraduates who may not seek an MBA. Several members of the faculty w ill lead class discussions on finance, mar keting. organizational behavior and statistics. Ann Marie f utile, executive vf?i -'president, of CieTTeral Foods USA and general manager of the dinners and enhancers division, will present the kexnote address Friday, Jan. 29. Fudge, who joined General Foods in 19K(i as an associate direc tor of strategic planning, received her MBA from Harvard Business School in 1977. She receised a Can dance Award from the National Coalition of UK) Black Women and the 1992 achievement award from the Corporate Women's Network/ She is listed in Who's Who of American Women and *rited by Ebony magazine as one oT the top 100 black business people in corpo- ? rate America in 1992. Spend Two Months Working In Europe Applications are tiow open for American journalists, between the ages of 21 and 31. to take part in the Arthur, F. Burns Fellowship pro gram. providing an opportunity to work, report from and travel in Europe during August and Septem ber 1993. Each journalist will receive a -S5.000 stipend to cover basic travel and living costs. Deadline for applications is' March 15. Those interested in apply ing should request from the Center for Foreign Journalists an applica tion package, including a set of guidelines which must be agreed to and signed before an application will be accepted. This program >ends 10 Ameri can journalists to Germany and 10 German journalists to the United States for an eight-week period, starting aljout Aug. I. The program begins in Washington. D.C., where the journalists selected from each country will gather tor orientation before embarking on foreign assign ments. Application is open to journal ists within the age guidelines and who currfcntlv work lor a daily newspaper, news magazine, televi sion station, radio station or news agency. Proficiencj^H^he German lan guage will be regardeuTnVorably by the Selection Committee, composed of leading American journalists. sums OFFICERS ?Jkfl Chairman of tha Board Vlca Chairman of tha Board Praaidant and Chtaf Enacvttva Offlcar Santor w ca Praaidant and Traaaurar vtca Praatdani and Assistant Traaaurar Vlca Praaidant Vfca Praatdant Vlca Praaidant and Corporal Sacratary N W Mitchell S 0 Hinkla Jr. Nick W Mitchell. Jr. J W Shaarln. Jr Edwin I Comba, Jr Don E Hill J Robert Sanders. Jr Jolana H McKenite Vice PreakJente Batty w Chlldrasa ? Loan Offlcar James R Friziar ? Managar. Northatda Branch Branda K Harper ? Managar. Clarnmona Branch Kate R Holbrook ? Managar. Sharwood Branch Dwain L Klmel ? Loan Omcar * R Nad Mat* ? Managar. Kamartvllla Branch Kay W Schieren ? Managar. Boona Branch Kay L. Settle ? Managar, North WHkaaboro Branch David R Smelcer ? Managar. Thruway Branch Everett H Thurston ? Managar. Main Offlca Branch Aasiatant vice PreakJente C Jonathan Barnaa ? Managar. Parkway Plata Branch Donna S Chamblln ? Intarnal Auditor Victoria S Hall ? Managar. Parkvtaw Branch Mtchaal L. Hauaar ? Data Procaaaino Stavan B Kaiger ? Managar. Raynoba Road Branch John 0 Lakemen ? Savlngt Omcar Batty H Sea las ? Cuatomar Service John F Sharmar ? Cradlt and Collacttcns Larry W Stephenson ? Markattng Diractor Assistant Vice President ? Treasurer Richard F Wagner. Jr Assistant Secretary-Treasurer Leota H Bamrtgar Aaaistant Secretariat Donald W Wumlay Dianna R Thrift Mtchaal F Thrift Susan M Winkler Lois N Allan Chan B Andrews J arm N Chambers Bonnie C Chapman Grady R Puiiiam. Ill DIRECTORS Archie 0 Allan. Jr . Invastmant Counaator Marshall B Baas. Praatdant MBB & Asaooataa inc ?Nasi A Bedingar. PaHrad. Davis Oapartmant Stom Michael D Brown. Praaidant. MOB Entarpnsas G W Douglas Jr Chairman Douglas Ban my Manufacturing Company S 0 Hlnkle. Jr . Vtca Chairman. H ink la J Inc N w Mitchell Chairman of tha Board Piadmont Padarai Savings and Loan Aaaooation Nick W Mitchell. Jr Praatdant and Chiaf Exacutlva Office Piadmont Fadarai Savings and Loan Association Directors Emerrti E l Davis Jr Ray B Johnson Larry T Nance Kettf A Weber Boona Adviaory Directors W Edward Brown Jr T, Max Coiey John E Cooper. Jr North Wilksstxy"or*dytsory Directors D? Fay Byrd Walter W Strood William H Ounn GENERAL COUNSEL Leslie E Brow oar Attorney Wombie Certyie Sandndge and R?ce Statement of Condition ASSETS First Mortgage Loans $434,411,068 Loans on savings Accounts and Other Loans 793,396 Cash on Hand and in Banks 36,137,584 Investments and Securities 119,226,503 Fixed Assets (Less Depreciation) 3,944,060 Real Estate Owned 64,543 Deferred Charges and Other Assets ^ , 2.310.367 TOTAL ASSETS $596,668,326 LIABILITIES AND NET WORTH Savings Accounts $517,946,562 Escrow Accounts 656,625 Other Liabilities 3.756,271 TOT)VL LIABILITIES , $522,359,478 General Reserves $25,325,086 Surplus 49,203,764 TOTAL NET WORTH $74,528,850 TOTAL LIABILITIES AND NET WORTH ; $596,886 I Nick W Mitchell Jr President of the nbovenamed Stvtngt Aeeoctatton. do Mutt 1 that th*s statement of condition has boon prepared m conformance wfth rtw men uc terra taoued by the 0?k? of Thrift Supervision and trua ?o tha boat of my knowledge end boflef Thia statement Nn been prepared m accordance wrth regulatory reporting requirements of the Of*ce of Thrift Suoerwfaton fOTS) Tangible Core, and Total Capital are tha aJements of ragiietory capital de?arm?nod under such 'eporti j rwqufrementa Regulatory capital is a basis by which OTS determines whether a savings aeaociatton is operating tn a safe and sound manner Regulations requ ire savings associations to maintain tangible capital equal to t 5% of aeeets. core cap*** equal to 3% of aaaeta, and total raguiatory capital equal to 8% of nsk based assets Piedmont s capital raltos of 12 5%. 12 5*fc and 52 7X iaspecima?y, tar e*ceed each capital requirement and rafted the financial strength of the Aaaodafton Annual audted financial statements are available to the public at the Association s main office upon wntten notice to the President Winston-Salem ? Kernersville ? Clemmons ? N. Wiikesboro ? Boone Deposits Federally Insured to $100,000
Winston-Salem Chronicle (Winston-Salem, N.C.)
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Jan. 28, 1993, edition 1
11
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