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CBIS FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CBIS FOUNDATION INC (EIN 20-3362453)
Tax period
2023-07-01 to 2024-06-30
Filed
2024-11-12
IRS object ID
202433179349102933
Schema version
2023v5.1
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)
Return2024-11-12T04:18:22-00:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN460696895PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203362453EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CBIS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCBISBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o L WOLLIN 124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBUDGE COLLINSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2024-11-12SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLONNIE WOLLINPreparerPersonNm
PTINP01282474PTIN
Phone2016936666PhoneNum
Preparation2024-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,066,656FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$81,627DividendsRevAndExpnssAmt
Dividends Net Invst Incm$81,627DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss-$27,087OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$54,541TotalRevAndExpnssAmt
Total Net Invst Incm$81,628TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,470AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$625OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,120TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$29,120TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$25,421ExcessRevenueOverExpensesAmt
Net Investment Income$81,628NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$19,925CashBOYAmt
Cash EOY$11,011CashEOYAmt
Cash EOYFMV$11,011CashEOYFMVAmt
Corporate Stock BOY$2,949,468CorporateStockBOYAmt
Corporate Stock EOY$2,983,802CorporateStockEOYAmt
Corporate Stock EOYFMV$4,055,645CorporateStockEOYFMVAmt
Total Assets BOY$2,969,393TotalAssetsBOYAmt
Total Assets EOY$2,994,813TotalAssetsEOYAmt
Total Assets EOYFMV$4,066,656TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,969,393RetainedEarningBOYAmt
Retained Earning EOY$2,994,813RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,969,393TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,994,813TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,969,393TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,994,813TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,969,393TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$25,421ExcessRevenueOverExpensesAmt
Subtotal$2,994,814SubtotalAmt
Other Decreases$1OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,994,813TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$1CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,135InvestmentIncomeExciseTaxAmt
Subtotal$1,135SubtotalAmt
Tax Based On Investment Income$1,135TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,142EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,142TotalPaymentsAndCreditsAmt
Original Return Tax Paid$3,142OriginalReturnTaxPaidAmt
Overpayment$2,007OverpaymentAmt
Applied To ES Tax$2,007AppliedToESTaxAmt

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 StateDEOrgReportOrRegisterStateCd
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 Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2016936666PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
BUDGE COLLINS
611 Fair StreetFranklinTN37064PRES/DIR001.00$0
CAROL COLLINS
611 Fair StreetFranklinTN37064VP/DIR003.00$0
LONNIE WOLLIN
124 PROSPECT STRIDGEWOODNJ07450SECY/TREAS001.00$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)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,614,882AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$33,873AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,648,755TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,648,755AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$54,731CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,594,024NetVlNoncharitableAssetsAmt
Minimum Investment Return$179,701MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$179,701MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,135TaxBasedOnInvestmentIncomeAmt
Total Tax$1,135TotalTaxAmt
Distributable Before Adj$178,566DistributableBeforeAdjAmt
Distributable Before Ded$178,566DistributableBeforeDedAmt
Distributable As Adjusted$178,566DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,000ExpensesAndContributionsAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$178,566DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$221,730ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$155,474ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$377,204TotalExcessDistributionCyovAmt
Qualifying Distributions$25,000QualifyingDistributionsAmt
Applied To Current Year$25,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$153,566ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$153,566ExcessDistributionCyovAppCYAmt
Total Corpus$223,638TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$223,638ExcessDistriCyovToNextYrAmt
Excess From Year3$68,164ExcessFromYear3Amt
Excess From Year2$155,474ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBUDGE COLLINSContributingManagerNm
Contributing ManagerCAROL COLLINSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Mercy Community HealthcareBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1143 Southeast Parkway CourtAddressLine1Txt
CityFranklinCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37064ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeCharitableGrantOrContributionPurposeTxt
Amt$25,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,000TotalGrantOrContriPdDurYrAmt

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)
CategoryWOLLIN NEUSCHATZ, INCCategoryTxt
Amt$3,470Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MPLX LP$831,763$1,514,946
SANUWAVE HEALTH$1,603$331
SCHWAB- XXX-2945$10,509$10,508
SNVXX$160,000$160,000
Berkshire Hathaway B$1,350,650$1,505,160
Constellation Software$629,277$864,700

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescROUNDINGDesc
Amt$1Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescDELAWARE REP FEEDesc
Revenue And Expenses Per Books$625RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
MPLX LP ORDINARY LOSS-$27,188
MPLX SECTION 1231 LOSS$101

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryDelaware Franchise TaxCategoryTxt
Amt$25Amt

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