RICHARD F WEAVER AND JANICE FWEAVER EDUCATIONAL TRUST INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
RICHARD F WEAVER AND JANICE FWEAVER EDUCATIONAL TRUST INC (EIN 20-8486438)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-09-12
IRS object ID
202242559349101114
Schema version
2021v4.0
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)
Return2022-09-12T15:56:10-04:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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

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
Signature2022-09-15SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMBER L TAYLOR CPA CFPPreparerPersonNm
PTINP00233905PTIN
Phone2604632390PhoneNum
Preparation2022-09-08PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,561,763FMVAssetsEOYAmt
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$41InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$41InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$41InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$51,614DividendsRevAndExpnssAmt
Dividends Net Invst Incm$51,614DividendsNetInvstIncmAmt
Dividends Adj Net Incm$51,614DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$195,052NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$640,396GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$103,359CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$246,707TotalRevAndExpnssAmt
Total Net Invst Incm$155,014TotalNetInvstIncmAmt
Total Adj Net Incm$51,655TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,600AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,600AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$25,944OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$25,944OtherProfFeesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$27,544TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$27,544TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$125,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$125,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$152,544TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$152,544TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$94,163ExcessRevenueOverExpensesAmt
Net Investment Income$155,014NetInvestmentIncomeAmt
Adjusted Net Income$51,655AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$130,305CashBOYAmt
Cash EOY$145,516CashEOYAmt
Cash EOYFMV$145,516CashEOYFMVAmt
Corporate Stock BOY$3,143,914CorporateStockBOYAmt
Corporate Stock EOY$3,416,247CorporateStockEOYAmt
Corporate Stock EOYFMV$3,416,247CorporateStockEOYFMVAmt
Total Assets BOY$3,274,219TotalAssetsBOYAmt
Total Assets EOY$3,561,763TotalAssetsEOYAmt
Total Assets EOYFMV$3,561,763TotalAssetsEOYFMVAmt
Grants Payable EOY$100,000GrantsPayableEOYAmt
Total Liabilities EOY$100,000TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$3,274,219NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$3,461,763NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$3,274,219TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,461,763TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,274,219TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,561,763TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,274,219TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$94,163ExcessRevenueOverExpensesAmt
Other Increases$193,381OtherIncreasesAmt
Subtotal$3,561,763SubtotalAmt
Other Decreases$100,000OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$3,461,763TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$103,359CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,155InvestmentIncomeExciseTaxAmt
Subtotal$2,155SubtotalAmt
Tax Based On Investment Income$2,155TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,554EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,554TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$1EsPenaltyAmt
Tax Due$602TaxDueAmt

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 (4 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/TR000.00$0$0$0
VIRGINIA WATERS
C/O 4875 E 640 SWOLCOTTVILLEIN46795VICE PRESIDE000.00$0$0$0
LAURA JOYNER
4875 E 640 SWOLCOTTVILLEIN46795SECRETARY000.00$0$0$0
LAURA WEAVER
C/O 4875 E 640 SWOLCOTTVILLEIN46795DIRECTOR000.00$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$3,332,472AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$139,606AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,472,078TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,472,078AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$52,081CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,419,997NetVlNoncharitableAssetsAmt
Minimum Investment Return$171,000MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$171,000MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,155TaxBasedOnInvestmentIncomeAmt
Total Tax$2,155TotalTaxAmt
Distributable Before Adj$168,845DistributableBeforeAdjAmt
Distributable Before Ded$168,845DistributableBeforeDedAmt
Distributable As Adjusted$168,845DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$152,544ExpensesAndContributionsAmt
Qualifying Distributions$152,544QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$168,845DistributableAsAdjustedAmt
Undistributed Income PY$143,315UndistributedIncomePYAmt
Qualifying Distributions$152,544QualifyingDistributionsAmt
Applied To Year1$143,315AppliedToYear1Amt
Applied To Current Year$9,229AppliedToCurrentYearAmt
Undistributed Income CY$159,616UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MURRAYCALLOWAY HOSPITAL
803 POPLAR STMURRAYKY42071CANCER HOSPITAL$50,000
MURRAYCALLOWAY HOSPITAL
803 POPLAR STMURRAYKY42071CANCER HOSPITAL$25,000
WESTERN KENTUCKY COMMUNITY FOUNDATI
333 BROADWAY STPADUCAHKY42001COMMUNITY FUND$50,000
SAINT LEOS CATHOLIC CHURCH
295 HUNTERTOWN ROADVERSAILLESKY40383STAINED GLASS WINDOWS$50,000
WESTERN KENTUCKY COMMUNITY FOUNDATI
333 BROADWAY STPADUCAHKY42001ACADEMIC ENDOWMENT$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$225,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$41RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$51,614RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$195,052RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$246,707RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$246,707TotalIncomeProducingActyAmt

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$1,600Amt
Disbursements Charitable Prps$1,600DisbursementsCharitablePrpsAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (22 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmtAcquiredAcquiredDt
DFA US COR EQ 2PURCHASE2021-12$17,379$17,560-$181
DFA 1 YR FIXED INC 1PURCHASE2021-12$2$22021-12
GS SMCP GRW INSIGHT INVSPURCHASE2021-02$1,762$1,577$185
INVT CO OF AMER F2PURCHASE2021-08$3,331$3,227$104
MFS RESEARCH 1PURCHASE2021-02$2,381$2,236$145
MFS VAL 1PURCHASE2021-05$516$476$402021-03
MFS GRW 1PURCHASE2021-12$3,254$3,163$91
MFS MDCP GRWPURCHASE2021-08$479$416$632020-12
NEW WRLD F2PURCHASE2021-09$26,991$26,246$745
SMALLCAP WRLD F2PURCHASE2021-05$2,576$2,389$1872020-12
WASH MUT INVS F2PURCHASE2021-12$20,690$19,646$1,044
DFA US COR EQ 2PURCHASE2021-12$126,461$92,880$33,5812018-09
DFA 1 YR FIXED INCOMEPURCHASE2021-12$45,681$45,548$133
GS SMCP GRW INSIGHT INVSPURCHASE2021-02$51,022$44,223$6,799
INVT CO OF AMER F2PURCHASE2021-08$13,892$11,509$2,3832018-10
MFS RESEARCHPURCHASE2021-02$44,632$37,659$6,973
MFS VAL 1PURCHASE2021-05$12,099$9,790$2,309
MFS GRW 1PURCHASE2021-12$13,370$8,750$4,620
MFS MDCP GRW 1PURCHASE2021-08$15,267$9,130$6,137
NEW WRLD F2PURCHASE2021-09$22,798$16,052$6,746
SMALLCAP WRLD F2PURCHASE2021-05$28,622$19,787$8,835
WASH MUT INVS F2PURCHASE2021-12$83,832$73,078$10,754

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockLPL MUTUAL FUNDSStockNm
EOY Book Value$3,416,247EOYBookValueAmt
EOYFMV$3,416,247EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescGRANTS PAYABLEDesc
Amt$100,000Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc
EXPENSES
FILING FEES KENTUCKY

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescINCREASE IN FMVDesc
Amt$193,381Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryASSET MANAGEMENT FEES - LPLCategoryTxt
Amt$25,944Amt
Disbursements Charitable Prps$25,944DisbursementsCharitablePrpsAmt

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