WAHOOS FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
WAHOOS FAMILY FOUNDATION (EIN 45-0472265)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-08
IRS object ID
202511289349100641
Schema version
2024v5.1
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)
Return2025-05-08T10:37:57-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-05-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRichard WhitePreparerPersonNm
PTINP00116481PTIN
Phone9494747012PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,739,080FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$25,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$412InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$412InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$35,261DividendsRevAndExpnssAmt
Dividends Net Invst Incm$35,261DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$71,258NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$125,133GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$71,258CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$131,931TotalRevAndExpnssAmt
Total Net Invst Incm$106,931TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$880AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$880AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$11,935OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$11,935OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$257OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$257OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$13,072TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,072TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$86,979ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$86,979ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$100,051TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,072TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$86,979TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$31,880ExcessRevenueOverExpensesAmt
Net Investment Income$93,859NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,797CashBOYAmt
Cash EOY$21,139CashEOYAmt
Cash EOYFMV$21,139CashEOYFMVAmt
Corporate Stock BOY$795,697CorporateStockBOYAmt
Corporate Stock EOY$826,690CorporateStockEOYAmt
Corporate Stock EOYFMV$1,711,233CorporateStockEOYFMVAmt
Corporate Bonds BOY$4,988CorporateBondsBOYAmt
Corporate Bonds EOY$4,987CorporateBondsEOYAmt
Corporate Bonds EOYFMV$5,000CorporateBondsEOYFMVAmt
Other Investments BOY$307OtherInvestmentsBOYAmt
Other Investments EOY$1,708OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,708OtherInvestmentsEOYFMVAmt
Total Assets BOY$802,789TotalAssetsBOYAmt
Total Assets EOY$854,524TotalAssetsEOYAmt
Total Assets EOYFMV$1,739,080TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$802,789NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$854,524NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$802,789TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$854,524TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$802,789TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$854,524TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$802,789TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$31,880ExcessRevenueOverExpensesAmt
Other Increases$19,855OtherIncreasesAmt
Subtotal$854,524SubtotalAmt
Tot Net Ast Or Fund Balances EOY$854,524TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
CHARLES SCHWABP2024-01-012024-12-31$7,099$8,518-$1,419-$1,419
CHARLES SCHWABP2001-01-012024-12-31$116,011$43,537$72,474$72,474
CHARLES SCHWABP2001-01-012024-12-31$2,023$1,820$203$203
FieldValueIRS element (for citing)
Capital Gain Net Income$71,258CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$1,419NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,305InvestmentIncomeExciseTaxAmt
Subtotal$1,305SubtotalAmt
Tax Based On Investment Income$1,305TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$51EsPenaltyAmt
Tax Due$1,356TaxDueAmt
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$21,000AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,717,941FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,738,941TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,738,941AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$26,084CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,712,857NetVlNoncharitableAssetsAmt
Minimum Investment Return$85,643MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$85,643MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,305TaxBasedOnInvestmentIncomeAmt
Total Tax$1,305TotalTaxAmt
Distributable Before Adj$84,338DistributableBeforeAdjAmt
Distributable Before Ded$84,338DistributableBeforeDedAmt
Distributable As Adjusted$84,338DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$86,979ExpensesAndContributionsAmt
Qualifying Distributions$86,979QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$84,338DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$930ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$51,100ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$65,500ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$67,400ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$81,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$265,930TotalExcessDistributionCyovAmt
Qualifying Distributions$86,979QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$84,338AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,641RemainingDistriFromCorpusAmt
Total Corpus$268,571TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$930ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$267,641ExcessDistriCyovToNextYrAmt
Excess From Year4$51,100ExcessFromYear4Amt
Excess From Year3$65,500ExcessFromYear3Amt
Excess From Year2$67,400ExcessFromYear2Amt
Excess From Year1$81,000ExcessFromYear1Amt
Excess From Current Year$2,641ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 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$10,000
THOMAS HOUSE FAMILY SHELTER
12601 Morningside Ave 6GARDEN GROVECA92842PCFUND ONGOING SERVICES FOR NEEDS$25,000
WAHOO'S SCHOLARSHIP
2855 PULLMAN STREETSANTA ANACA92705VARIOUSSCHOOL FUND ONGOING SERVICES FOR NEEDS$41,479
Best Friends Animal Shelter
15321 S Brand BlvdMission HillsCA91345PCFUND ONGOING SERVICES FOR NEEDS$1,500
Pedro Perez
12601 Morningside Ave 6Garden GroveCA92843FUND ONGOING SERVICES FOR NEEDS$500
Hope and Care Outreach
9811 W Charleston Blvd Suite 2-209Las VegasNV89117PCFUND ONGOING SERVICES FOR NEEDS$2,500
Somecares Soup Kitchen
720 W 19th StCosta MesaCA92627PCFUND ONGOING SERVICES FOR NEEDS$1,000
Guide Dogs for the Blind
PO Box 151200San RafaelCA94915PCFUND ONGOING SERVICES FOR NEEDS$1,500
Nature Conservancy
4245 North Fairfax Drive Suite 100ArlingtonVA22203PCFUND ONGOING SERVICES FOR NEEDS$2,000
Priceless Pets
1536 Newport BlvdCosta MesaCA92627PCFUND ONGOING SERVICES FOR NEEDS$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$86,979TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$412ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$35,261ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$71,258ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$106,931ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$106,931TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
RENATO LEE
1335 WALNUT STREETCOSTA MESACA92627$15,000Yes (X)
CHEONG LEE
2211 AMETHYST AVENUEBALBOACA92662$10,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTax PreparationCategoryTxt
Amt$880Amt
Net Investment Income$880NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Revenue And Expenses Per Books$257RevenueAndExpensesPerBooksAmt
Net Investment Income$257NetInvestmentIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescReinvested dividendsDesc
Amt$19,855Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADR Fees$36$36$0$0
Investment Advisory Fees$11,899$11,899$0$0

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