WEP FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
WEP FOUNDATION (EIN 47-0986248)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-15
IRS object ID
202311359349104051
Schema version
2022v5.0
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)
Return2023-05-15T14:21:28-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813146074PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROWN HIERS KINDER LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1701 E BAY ST STE 509AddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29403ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN470986248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WEP FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWEPFBusinessNameControlTxt
Phone8435772551PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID P BROWNPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8438011502PhoneNum
Signature2023-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVID PPersonFirstNm
Person LastBROWNPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL R HIERSPreparerPersonNm
PTINP00793615PTIN
Phone8438047069PhoneNum
Preparation2023-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$599,935FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$91,823ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$18InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$18InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$5,105DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,105DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$23,487NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$23,487GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$23,487CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$120,433TotalRevAndExpnssAmt
Total Net Invst Incm$28,610TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$30,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$15,000CompOfcrDirTrstNetInvstIncmAmt
Pension Empl Bnft Rev And Expnss$2,295PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$1,147PensionEmplBnftNetInvstIncmAmt
Legal Fees Rev And Expnss$958LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$479LegalFeesNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,725AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$863AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$4,436OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,637OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$576TaxesRevAndExpnssAmt
Taxes Net Invst Incm$68TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$39,990TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$21,194TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$21,850ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$21,850ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$61,840TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$21,194TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$21,850TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$58,593ExcessRevenueOverExpensesAmt
Net Investment Income$7,416NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$29,962CashBOYAmt
Cash EOY$8,174CashEOYAmt
Cash EOYFMV$8,174CashEOYFMVAmt
Corporate Stock BOY$581,995CorporateStockBOYAmt
Corporate Stock EOY$662,376CorporateStockEOYAmt
Corporate Stock EOYFMV$591,761CorporateStockEOYFMVAmt
Total Assets BOY$611,957TotalAssetsBOYAmt
Total Assets EOY$670,550TotalAssetsEOYAmt
Total Assets EOYFMV$599,935TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$611,957NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$670,550NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$611,957TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$670,550TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$611,957TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$670,550TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$611,957TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$58,593ExcessRevenueOverExpensesAmt
Subtotal$670,550SubtotalAmt
Tot Net Ast Or Fund Balances EOY$670,550TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$23,487CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$103InvestmentIncomeExciseTaxAmt
Subtotal$103SubtotalAmt
Tax Based On Investment Income$103TaxBasedOnInvestmentIncomeAmt
Tax Due$103TaxDueAmt

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
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksWALKER BUXTONIndividualWithBooksNm
Phone8435772551PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WALKER BUXTON
2 COCHRAN COURTCHARLESTONSC29407DIRECTOR000.00$30,000$0$0
EDWARD BUXTON
2 COCHRAN COURTCHARLESTONSC29407SECRETARY000.00$0$0$0
DAVID P BROWN
701 EAST BAY STREET STE 410CHARLESTONSC29403TREASURER000.00$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$669,577AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$20,085AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$689,662TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$689,662AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,345CashDeemedCharitableAmt
Net Vl Noncharitable Assets$679,317NetVlNoncharitableAssetsAmt
Minimum Investment Return$33,966MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$33,966MinimumInvestmentReturnAmt
Tax Based On Investment Income$103TaxBasedOnInvestmentIncomeAmt
Total Tax$103TotalTaxAmt
Distributable Before Adj$33,863DistributableBeforeAdjAmt
Distributable Before Ded$33,863DistributableBeforeDedAmt
Distributable As Adjusted$33,863DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$21,850ExpensesAndContributionsAmt
Qualifying Distributions$21,850QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$33,863DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$883ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$883TotalExcessDistributionCyovAmt
Qualifying Distributions$21,850QualifyingDistributionsAmt
Applied To Current Year$21,850AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$883ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$883ExcessDistributionCyovAppCYAmt
Undistributed Income CY$11,130UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWALKER BUXTONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8434780346RecipientPhoneNum
Recipient Email AddressWALKERPMBUXTON@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsLETTER DETAILING NEEDS AND PROPOSED USE OF FUNDSFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
LOW COUNTRY RED CROSS
2424-A CITY HALL LNNORTH CHARLESTONSC29406N/AEXEMPT NPGENERAL SUPPORT$1,000
ROPER HOSPITAL FOUNDATION
125 DOUGHTY ST STE 790CHARLESTONSC29403N/AEXEMPT NPGENERAL SUPPORT$1,500
MUSC
18 BEE ST MSC 450CHARLESTONSC294254500N/AEXEMPT NPMURRAY CENTER FOR RESEARCH ON PARKIN$15,000
AMERICAN LUNG ASSOCIATION
55 WEST WACKER DRIVECHICAGOIL60601N/AEXEMPT NPGENERAL SUPPORT$1,000SUITE 1150
ZERO THE END OF PROSTATE CANCER
515 KING ST STE 420ALEXANDRIAVA22314N/AEXEMPT NPGENERAL SUPPORT$1,000
HOOKED ON MIRACLES
2888 RIVER VISTA WAYMOUNT PLEASANTSC29466N/AEXEMPT NPGENERAL SUPPORT$1,000
LEUKEMIA & LYMPHONA FOUNDATION
3 INTERNATIONAL DRIVERYE BROOKNY10573N/AEXEMPT NPGENERAL SUPPORT$100
FRIENDS OF THE ENVIRONMENT INC
301 W ATLANTIC AVEDELRAY BEACHFL33444N/AEXEMPT NPGENERAL SUPPORT$500STE 0-5
YOUNG LIFE
PO BOX 520COLORADO SPRINGSCO80901N/AEXEMPT NPGENERAL SUPPORT$500
LAING MIDDLE SCHOOL FUN RUN
2705 BULRUSH BASKET LNMOUNT PLEASANTSC29466N/AEXEMPT NPGENERAL SUPPORT$250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$21,850TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$18ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,105ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,487ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$28,610ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$28,610TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1MARGERY W PEARCE SOUTH CAROLINABusinessNameLine1Txt
Business Name Line2CHARITABLE LEAD ANNUITY TRUSTBusinessNameLine2Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1701 EAST BAY STREET STE 509AddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29403ZIPCd
FieldValueIRS element (for citing)
Total Contributions$91,823TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property500 SHARES APPLE, INC.NoncashPropertyDesc
Fair Market Value$87,303FairMarketValueAmt
Received2022-02-02ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,725Amt
Net Investment Income$863NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockHARBOR FINANCIAL GROUP MUTUAL FUNDSStockNm
EOY Book Value$662,376EOYBookValueAmt
EOYFMV$591,761EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$958LegalFeesAmt
Net Investment Income$479NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
ADVISORY FEES$2,826$2,826
OTHER FEES$2
BANK FEES$14$14
PROFESSIONAL FEES$1,594$797

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
LPL FINANCIAL FOREIGN TAXES$68$68
FEDERAL TAXES$508

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