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VOTUM FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
VOTUM FOUNDATION INC (EIN 59-3580800)
Tax period
2022-01-01 to 2022-12-31
Filed
2024-02-15
IRS object ID
202440469349101029
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-02-15T17:41:31-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JIM D LEE CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 S FLORIDA AVE STE 530AddressLine1Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP338015268ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN593580800EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VOTUM FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVOTUBusinessNameControlTxt
Phone8636471581PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 330AddressLine1Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33802ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAWRENCE W MAXWELLPersonNm
Person TitlePRES/TREASPersonTitleTxt
Phone8636471581PhoneNum
Signature2024-02-13SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLAWRENCEPersonFirstNm
Person LastMAXWELLPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJIM LEE CPAPreparerPersonNm
PTINP01233071PTIN
Phone8636867330PhoneNum
Preparation2024-02-15PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$14,107,613FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,700,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$4,359InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4,359InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$4,359InterestOnSavingsAdjNetIncmAmt
Other Income Rev And Expnss$2,067,911OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$2,067,911OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$4,772,270TotalRevAndExpnssAmt
Total Net Invst Incm$4,359TotalNetInvstIncmAmt
Total Adj Net Incm$2,072,270TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$3,353OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$3,353OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$70TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$70TaxesDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$7,452TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$7,452TravConfMeetingDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$10,875TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$10,875TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,000,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,000,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,010,875TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,010,875TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$3,761,395ExcessRevenueOverExpensesAmt
Net Investment Income$4,359NetInvestmentIncomeAmt
Adjusted Net Income$2,072,270AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,748,533SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,957,642SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,957,642SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$4,816,071OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$6,072,851OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$4,816,071OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$4,816,071OtherNtsAndLoansRcvblEOYFMVAmt
Other Investments BOY$3,373,900OtherInvestmentsBOYAmt
Other Investments EOY$3,333,900OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,333,900OtherInvestmentsEOYFMVAmt
Other Assets BOY$40,252OtherAssetsBOYAmt
Total Assets BOY$12,235,536TotalAssetsBOYAmt
Total Assets EOY$14,107,613TotalAssetsEOYAmt
Total Assets EOYFMV$14,107,613TotalAssetsEOYFMVAmt
Other Liabilities BOY$5,101,780OtherLiabilitiesBOYAmt
Other Liabilities EOY$3,212,462OtherLiabilitiesEOYAmt
Total Liabilities BOY$5,101,780TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,212,462TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$7,133,756NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$10,895,151NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$7,133,756TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$10,895,151TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$12,235,536TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$14,107,613TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$7,133,756TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$3,761,395ExcessRevenueOverExpensesAmt
Subtotal$10,895,151SubtotalAmt
Tot Net Ast Or Fund Balances EOY$10,895,151TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$61InvestmentIncomeExciseTaxAmt
Subtotal$61SubtotalAmt
Tax Based On Investment Income$61TaxBasedOnInvestmentIncomeAmt
Tax Due$61TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksLAWRENCE W MAXWELLIndividualWithBooksNm
Phone8636471581PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1500 S FLORIDA AVE SUITE 700AddressLine1Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33801ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LAWRENCE W MAXWELL
500 S FLORIDA AVE SUITE 700LAKELANDFL33801PRES/TREAS5.00$0$0$0
ANITA K MAXWELL
500 S FLORIDA AVE SUITE 700LAKELANDFL33801VP/SECTRY1.00$0$0$0
AMANDA R DROST
500 S FLORIDA AVE SUITE 700LAKELANDFL33801DIRECTOR1.00$0$0$0
BENJAMIN DE FALK
500 S FLORIDA AVE SUITE 700LAKELANDFL33801DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,853,297AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,853,297TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,853,297AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$42,799CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,810,498NetVlNoncharitableAssetsAmt
Minimum Investment Return$140,525MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$140,525MinimumInvestmentReturnAmt
Tax Based On Investment Income$61TaxBasedOnInvestmentIncomeAmt
Total Tax$61TotalTaxAmt
Distributable Before Adj$140,464DistributableBeforeAdjAmt
Distributable Before Ded$140,464DistributableBeforeDedAmt
Distributable As Adjusted$140,464DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,010,875ExpensesAndContributionsAmt
Qualifying Distributions$1,010,875QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$140,464DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$613,847ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,820,212ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,267,437ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,042,251ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$2,755,799ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$8,499,546TotalExcessDistributionCyovAmt
Qualifying Distributions$1,010,875QualifyingDistributionsAmt
Applied To Current Year$140,464AppliedToCurrentYearAmt
Remaining Distri From Corpus$870,411RemainingDistriFromCorpusAmt
Total Corpus$9,369,957TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$613,847ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$8,756,110ExcessDistriCyovToNextYrAmt
Excess From Year4$1,820,212ExcessFromYear4Amt
Excess From Year3$1,267,437ExcessFromYear3Amt
Excess From Year2$2,042,251ExcessFromYear2Amt
Excess From Year1$2,755,799ExcessFromYear1Amt
Excess From Current Year$870,411ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonLAWRENCE MAXWELLRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1500 SOUTH FLORIDA AVEAddressLine1Txt
Address Line2SUITE 700AddressLine2Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33801ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8636471581RecipientPhoneNum
Recipient Email AddressLMAXWELL@CENTURYCOMPANIES.NETRecipientEmailAddressTxt
Form And Info And MaterialsNAME, ADDRESS, TELEPHONE NUMBER, CONTACT PERSON, PURPOSE FOR REQUESTFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsSUPPORT MAY BE MADE FOR A WIDE VARIETY OF CHARITABLE ACTIVITIES INCLUDING EDUCATION, HEALTH, ARTS AND CULTURAL, HUMAN SERVICE, AND CIVIC AND ENVIRONMENTAL PROGRAMS.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
INDIANA WESLEYAN UNIVERSITY
4201 S WASHINGTON STMARIONIN46953EDUCATION$100,000
KIDS ARK
PO BOX 7361LAKELANDFL33807MINISTRY$100,000
TAMPA MUSLIM OUTREACH
218 E BEARSS AVE 346TAMPAFL33613MINISTRY$50,000
WARNER UNIVERSITY
13895 HIGHWAY 27LAKE WALESFL33859EDUCATION$100,000
WORLD HOPE INTERNATIONAL
PO BOX 743794ATLANTAGA30374MINISTRY$550,000
HARVEST PARTNERS
15055 W 116TH STOLATHEKS66062MINISTRY$100,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,000,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,359ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
OTHER REVENUE$522,037
PARTNERSHIPS$1,545,874

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$4,359ExclusionAmt
Related Or Exempt Function Incm$2,067,911RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,072,270TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonANITA MAXWELLContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1500 S FLORIDA AVE SUITE 700AddressLine1Txt
CityLAKELANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33801ZIPCd
FieldValueIRS element (for citing)
Total Contributions$2,700,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemOTHER NOTESCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$3,333,900BookValueAmt
EOYFMV$3,333,900EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescPARTNERSHIPSDesc
BOY Book Value$40,252BOYBookValueAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtAdjusted Net IncomeAdjustedNetIncomeAmt
OTHER REVENUE$522,037$522,037
PARTNERSHIPS$1,545,874$1,545,874

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
LOANS PAYABLE$5,101,780$2,500,000
PARTNERSHIP DEFICIT$712,462

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1MISCELLANEOUS LOAN ACCTSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$4,816,071BalanceDueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT OTHER PROFESSIONAL FEESCategoryTxt
Amt$3,353Amt
Disbursements Charitable Prps$3,353DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryLICENSE & TAXESCategoryTxt
Amt$70Amt
Disbursements Charitable Prps$70DisbursementsCharitablePrpsAmt

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