RICHARD F WEAVER AND JANICE FWEAVER EDUCATIONAL TRUST INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
RICHARD F WEAVER AND JANICE FWEAVER EDUCATIONAL TRUST INC (EIN 20-8486438)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-06-03
IRS object ID
202401559349101015
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)
Return2024-06-03T16:15:48-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352033176PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FRY TROWBRIDGE & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 SOUTH DETROIT STREETAddressLine1Txt
CityLAGRANGECityNm
State AbbreviationINStateAbbreviationCd
ZIP46761ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208486438EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICHARD F WEAVER & JANICE F WEAVERBusinessNameLine1Txt
Business Name Line2EDUCATIONAL TRUST INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRICHBusinessNameControlTxt
Phone2604034671PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14875 E 640 SAddressLine1Txt
CityWOLCOTTVILLECityNm
State AbbreviationINStateAbbreviationCd
ZIP46795ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLYNN WEAVERPersonNm
Person TitlePRESIDENT/TREASURERPersonTitleTxt
Phone2604034671PhoneNum
Signature2024-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLYNNPersonFirstNm
Person LastWEAVERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMBER L TAYLOR CPA CFPPreparerPersonNm
PTINP00233905PTIN
Phone2604632390PhoneNum
Preparation2024-05-09PreparationDt
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$3,090,030FMVAssetsEOYAmt
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$551InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$551InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$551InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$68,059DividendsRevAndExpnssAmt
Dividends Net Invst Incm$68,059DividendsNetInvstIncmAmt
Dividends Adj Net Incm$68,059DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$66,059NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$380,322GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$48,860CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$134,669TotalRevAndExpnssAmt
Total Net Invst Incm$117,470TotalNetInvstIncmAmt
Total Adj Net Incm$68,610TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,750AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,750AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$22,317OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$22,317OtherProfFeesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$2,789TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$26,871TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$24,067TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$153,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$153,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$179,871TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$24,067TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$153,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$45,202ExcessRevenueOverExpensesAmt
Net Investment Income$93,403NetInvestmentIncomeAmt
Adjusted Net Income$68,610AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$68,359CashBOYAmt
Cash EOY$122,418CashEOYAmt
Cash EOYFMV$122,418CashEOYFMVAmt
Corporate Stock BOY$2,732,903CorporateStockBOYAmt
Corporate Stock EOY$2,967,612CorporateStockEOYAmt
Corporate Stock EOYFMV$2,967,612CorporateStockEOYFMVAmt
Total Assets BOY$2,801,262TotalAssetsBOYAmt
Total Assets EOY$3,090,030TotalAssetsEOYAmt
Total Assets EOYFMV$3,090,030TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,801,262NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$3,090,030NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,801,262TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,090,030TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,801,262TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,090,030TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,801,262TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$45,202ExcessRevenueOverExpensesAmt
Other Increases$333,970OtherIncreasesAmt
Subtotal$3,090,030SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,090,030TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$48,860CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,298InvestmentIncomeExciseTaxAmt
Subtotal$1,298SubtotalAmt
Tax Based On Investment Income$1,298TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,554EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,554TotalPaymentsAndCreditsAmt
Overpayment$256OverpaymentAmt
Applied To ES Tax$256AppliedToESTaxAmt

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 StateKYOrgReportOrRegisterStateCd
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 BooksLYNN WEAVERIndividualWithBooksNm
Phone2604034671PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14875 E 640 SAddressLine1Txt
CityWOLCOTTVILLECityNm
State AbbreviationINStateAbbreviationCd
ZIP46795ZIPCd
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 (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LYNN WEAVER
4875 E 640 SWOLCOTTVILLEIN46795PRESIDENT/TR2.00$0$0$0
VIRGINIA WATERS
C/O 4875 E 640 SWOLCOTTVILLEIN46795VICE PRESIDE1.00$0$0$0
LAURA JOYNER
4875 E 640 SWOLCOTTVILLEIN46795SECRETARY1.00$0$0$0
LAURA WEAVER
C/O 4875 E 640 SWOLCOTTVILLEIN46795DIRECTOR1.00$0$0$0
TRICIA HARRIS
1470 MELANIE WAYLIVERMORECA94550DIRECTOR1.00$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$2,870,156AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$71,116AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,941,272TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,941,272AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$44,119CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,897,153NetVlNoncharitableAssetsAmt
Minimum Investment Return$144,858MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$144,858MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,298TaxBasedOnInvestmentIncomeAmt
Total Tax$1,298TotalTaxAmt
Distributable Before Adj$143,560DistributableBeforeAdjAmt
Distributable Before Ded$143,560DistributableBeforeDedAmt
Distributable As Adjusted$143,560DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$153,000ExpensesAndContributionsAmt
Qualifying Distributions$153,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$143,560DistributableAsAdjustedAmt
Undistributed Income PY$137,780UndistributedIncomePYAmt
Qualifying Distributions$153,000QualifyingDistributionsAmt
Applied To Year1$137,780AppliedToYear1Amt
Applied To Current Year$15,220AppliedToCurrentYearAmt
Undistributed Income CY$128,340UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
MURRAY STATE UNIVERSITY
102 CURRIS CENTERMURRAYKY42071WEAVER ACADEMIC CENTER$34,250
AMERICAN LEGION POST 73
310 BEE CREEK DRIVEMURRAYKY42017LEGION CHARITABLE$1,000
FRIENDSHIP COMMMUNITY CEMETERY
SUNNYDALE ROADOWENSBOROKY42303CEMETERY MAINTENANCE$2,500C/O 811 EAST BYERS AVE
MURRAY CALLOWAY COMMUNITY FOUNDATIO
704 S 4TH STMURRAYKY42071VOCATIONAL SCHOLARSHIP$30,000
KENTUCKY WESLEYAN COLLEGE
3000 FREDERICA STREETOWENSBOROKY42301SCHOLARSHIP FUND$5,000
MURRAY CALLOWAY COMMUNITY FOUNDATIO
704 S 4TH STMURRAYKY42071WEAVER CHARITY CHALLENGE$60,000
MURRAY CALLOWAY COMMUNITY FOUNDATIO
704 S 4TH STMURRAYKY42071VOCATIONAL SCHOLARSHIP$20,000
ANTHONY WAYNE BOY SCOUT COUNCIL
8315 W JEFFERSON BLVDFORT WAYNEIN46804SUPPORT FOR BOY SCOUTS$250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$153,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$551RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$68,059RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$66,059RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$134,669RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$134,669TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,750Amt
Net Investment Income$1,750NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (20 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmtAcquiredAcquiredDt
DFA US COR EQ DFQTX 57.416PURCHASE2023-11$1,760$1,675$85
INVT CO OF AMER F2 28.303PURCHASE2023-11$1,401$1,337$64
MFS RESEARCH 451.230PURCHASE2023-03$22,521$24,551-$2,0302022-03
MFS VAL 1 153.48PURCHASE2023-11$7,369$7,305$64
MFS HI INC 643.652PURCHASE2023-03$1,892$1,892
MFS GRW 1PURCHASE2023-10$907$907
NEW WRLD FS 11.830PURCHASE2023-05$837$786$512022-12
WASH MUT INVS F2PURCHASE2023-11$13,886$13,162$724
INVT CO OF AMER 572.156PURCHASE2023-11$28,322$25,021$3,301
MFS T/R BD 457.11PURCHASE2023-05$4,379$5,146-$767
MFS RESEARCH 92.713PURCHASE2023-11$5,217$5,045$1722022-03
MFS VAL I 140.175PURCHASE2023-11$6,742$5,791$9512018-10
MFS HI INC 12356.595PURCHASE2023-03$36,328$41,212-$4,884
MFS GRW 1 169.81PURCHASE2023-11$25,798$18,961$6,837
NEW WORLD F2 983.821PURCHASE2023-05$69,635$61,602$8,033
WASH MUT INVS F2 258.257PURCHASE2023-11$14,390$12,105$2,2852018-10
DFA INTL CORPURCHASE2023-05$11,783$11,420$363
DFA US COR EQ 355.917PURCHASE2023-11$10,909$8,044$2,8652018-07
DFA US COR EQ 478.59PURCHASE2023-11$16,306$16,657-$3512021-12
GRW OF AMERICA F2 842.45PURCHASE2023-12$51,080$51,644-$564

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockLPL MUTUAL FUNDSStockNm
EOY Book Value$2,967,612EOYBookValueAmt
EOYFMV$2,967,612EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
REGISTRATION FEES$15

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescINCREASE IN MARKET VALUEDesc
Amt$333,970Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryASSET MANAGEMENT FEES - LPLCategoryTxt
Amt$22,317Amt
Net Investment Income$22,317NetInvestmentIncomeAmt

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