WAHOOS FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
WAHOOS FAMILY FOUNDATION (EIN 45-0472265)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-21
IRS object ID
202421429349101107
Schema version
2023v5.0
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)
Return2024-05-21T11:32:10-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN330212086PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RM White & AssociatesBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line123 Corporate Plaza Dr Suite 150AddressLine1Txt
CityNewport BeachCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92660ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN450472265EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Wahoos Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWAHOBusinessNameControlTxt
Phone9492220670PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11185 Warner AvenueAddressLine1Txt
CityTustinCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92780ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRENATO LEEPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-05-21SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRENATOPersonFirstNm
Person LastLEEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRichard WhitePreparerPersonNm
PTINP00116481PTIN
Phone9494747012PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,442,463FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$426InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$426InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$426InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$28,805DividendsRevAndExpnssAmt
Dividends Net Invst Incm$28,805DividendsNetInvstIncmAmt
Dividends Adj Net Incm$28,805DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$49,268NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$92,548GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$49,268CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$9,101NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$78,499TotalRevAndExpnssAmt
Total Net Invst Incm$78,499TotalNetInvstIncmAmt
Total Adj Net Incm$38,332TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$850AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$850AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$9,995OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$9,995OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,182OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,182OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$13,027TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,027TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$81,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$81,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$94,027TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,027TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$81,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$15,528ExcessRevenueOverExpensesAmt
Net Investment Income$65,472NetInvestmentIncomeAmt
Adjusted Net Income$38,332AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$13,695CashBOYAmt
Cash EOY$1,797CashEOYAmt
Cash EOYFMV$1,797CashEOYFMVAmt
Corporate Stock BOY$761,694CorporateStockBOYAmt
Corporate Stock EOY$795,697CorporateStockEOYAmt
Corporate Stock EOYFMV$1,433,191CorporateStockEOYFMVAmt
Corporate Bonds BOY$4,990CorporateBondsBOYAmt
Corporate Bonds EOY$4,988CorporateBondsEOYAmt
Corporate Bonds EOYFMV$5,061CorporateBondsEOYFMVAmt
Other Investments BOY$307OtherInvestmentsBOYAmt
Other Investments EOY$307OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,414OtherInvestmentsEOYFMVAmt
Total Assets BOY$780,686TotalAssetsBOYAmt
Total Assets EOY$802,789TotalAssetsEOYAmt
Total Assets EOYFMV$1,442,463TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$780,686NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$802,789NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$780,686TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$802,789TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$780,686TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$802,789TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$780,686TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$15,528ExcessRevenueOverExpensesAmt
Other Increases$37,631OtherIncreasesAmt
Subtotal$802,789SubtotalAmt
Tot Net Ast Or Fund Balances EOY$802,789TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
CHARLES SCHWABP2023-01-012023-12-31$39,013$29,912$9,101$9,101
CHARLES SCHWABP2001-01-012023-12-31$53,535$13,368$40,167$40,167
FieldValueIRS element (for citing)
Capital Gain Net Income$49,268CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$9,101NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$910InvestmentIncomeExciseTaxAmt
Subtotal$910SubtotalAmt
Tax Based On Investment Income$910TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$53EsPenaltyAmt
Tax Due$963TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1RENATO LEEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9492220670PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11185 Warner AvenueAddressLine1Txt
CityTustinCityNm
State AbbreviationCAStateAbbreviationCd
ZIP927806458ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
EDUARDO LEE
2855 PULLMAN STREETSANTA ANACA92705Director1.00$0
RENATO LEE
2855 PULLMAN STREETSANTA ANACA92705Director2.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE ENTITY ONLY EXISTS TO FURTHER THE WORK OF OTHERQUALIFIED NON-PROFIT 501(C)(3) ORGANIZATIONS AND DOES NOT CONDUCT AY OF ITS OWN ACTIVITIES.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$910TaxBasedOnInvestmentIncomeAmt
Total Tax$910TotalTaxAmt
Distributable Before Adj$910DistributableBeforeAdjAmt
Distributable Before Ded$910DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$81,000ExpensesAndContributionsAmt
Qualifying Distributions$81,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$15,594ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$930ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$51,100ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$65,500ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$67,400ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$200,524TotalExcessDistributionCyovAmt
Qualifying Distributions$81,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$81,000RemainingDistriFromCorpusAmt
Total Corpus$281,524TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$15,594ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$265,930ExcessDistriCyovToNextYrAmt
Excess From Year4$930ExcessFromYear4Amt
Excess From Year3$51,100ExcessFromYear3Amt
Excess From Year2$65,500ExcessFromYear2Amt
Excess From Year1$67,400ExcessFromYear1Amt
Excess From Current Year$81,000ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DOCTORS WITHOUT BORDERS
333 7TH AVENUE 2ND FLNEW YORKNY10001PCFUND ONGOING SERVICES FOR NEEDS$3,000
THOMAS HOUSE FAMILY SHELTER
PO BOX 2737GARDEN GROVECA92842PCFUND ONGOING SERVICES FOR NEEDS$25,000
WAHOO'S SCHOLARSHIP
2855 PULLMAN STREETSANTA ANACA92705VARIOUSSCHOOL FUND ONGOING SERVICES FOR NEEDS$25,000
Tzu-chi
22911 Mill Creed DrLaguna HillsCA92653PCSCHOOL FUND ONGOING SERVICES FOR NEEDS$10,000
Hope and Care Outreach
9811 W Charleston Blvd Suite 2-209Las VegasNV89117PCSCHOOL FUND ONGOING SERVICES FOR NEEDS$5,000
Maui Strong Fund
444 Hana Hwy 201KahuluiHI96732PCSCHOOL FUND ONGOING SERVICES FOR NEEDS$10,000
Maui Humane Society
Mehameha LoopPuuneneHI96784PCSCHOOL FUND ONGOING SERVICES FOR NEEDS$1,000
Newport Beach Baseball
Newport BeachNewport BeachCA92660PCSCHOOL FUND ONGOING SERVICES FOR NEEDS$500
Association of Fundraiser Professio
4200 Wilson Blvd 480ArlingtonCA92203PCSCHOOL FUND ONGOING SERVICES FOR NEEDS$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$81,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$426RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$28,805RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$49,268RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$78,499RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$78,499TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax PreparationCategoryTxt
Amt$850Amt
Net Investment Income$850NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
meals$190$190
OFFICE SUPPLIES$1,992$1,992

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescReinvested dividendsDesc
Amt$37,631Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADR Fees$25$25$0$0
Investment Advisory Fees$9,970$9,970$0$0

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