WHEAT FAMILY FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: WHEAT FAMILY FOUNDATION INC (EIN 87-2369633)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-04-24
IRS object ID: 202331149349100703
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
Form 990-PF
Schedule B
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-04-24T15:34:47-07:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	202620101	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	POTENZA CPA PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	10645 N TATUM BLVD STE 200-653	AddressLine1Txt
City	PHOENIX	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	85028	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	872369633	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Wheat Family Foundation Inc	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	WHEA	BusinessNameControlTxt
Phone	6023703706	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1768 Ramsgate Drive	AddressLine1Txt
City	Prescott	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	86305	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Ronald Wheat	PersonNm
Person Title	President	PersonTitleTxt
Signature	2023-04-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	Ronald	PersonFirstNm
Person Last	Wheat	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jana K Potenza CPA	PreparerPersonNm
PTIN	P01435020	PTIN
Phone	4809077753	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$164,690	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$20,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$620	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$620	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$620	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$2,017	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,017	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$2,017	DividendsAdjNetIncmAmt
Total Rev And Expnss	$22,637	TotalRevAndExpnssAmt
Total Net Invst Incm	$2,637	TotalNetInvstIncmAmt
Total Adj Net Incm	$2,637	TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss	$2,093	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$2,093	OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$2,093	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$2,093	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$40,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$40,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$42,093	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$2,093	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$40,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$19,456	ExcessRevenueOverExpensesAmt
Net Investment Income	$544	NetInvestmentIncomeAmt
Adjusted Net Income	$2,637	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$176,307	CashBOYAmt
Cash EOY	$34,591	CashEOYAmt
Cash EOYFMV	$34,591	CashEOYFMVAmt
Corporate Stock EOY	$122,260	CorporateStockEOYAmt
Corporate Stock EOYFMV	$130,099	CorporateStockEOYFMVAmt
Total Assets BOY	$176,307	TotalAssetsBOYAmt
Total Assets EOY	$156,851	TotalAssetsEOYAmt
Total Assets EOYFMV	$164,690	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$176,307	CapitalStockBOYAmt
Capital Stock EOY	$156,851	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$176,307	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$156,851	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$176,307	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$156,851	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$176,307	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$19,456	ExcessRevenueOverExpensesAmt
Subtotal	$156,851	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$156,851	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$8	InvestmentIncomeExciseTaxAmt
Subtotal	$8	SubtotalAmt
Tax Based On Investment Income	$8	TaxBasedOnInvestmentIncomeAmt
Tax Due	$8	TaxDueAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	AZ	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Ronald Wheat	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6023703706	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1768 Ramsgate Drive	AddressLine1Txt
City	Prescott	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	86305	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
Ronald Wheat
1768 Ramsgate Dr	Prescott	AZ	86305	President	0.50	$0
Marcia Wheat
1768 Ramsgate Dr	Prescott	AZ	86305	Secretary	0.50	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	Cash donation to The Ranch Ministries	Description1Txt
Expenses1	$35,000	Expenses1Amt
Description2	Cash donation to Warrior Mountain River Adventures	Description2Txt
Expenses2	$5,000	Expenses2Amt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$69,108	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$113,209	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$182,317	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$182,317	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,735	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$179,582	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$8,979	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$8,979	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$8	TaxBasedOnInvestmentIncomeAmt
Total Tax	$8	TotalTaxAmt
Distributable Before Adj	$8,971	DistributableBeforeAdjAmt
Distributable Before Ded	$8,971	DistributableBeforeDedAmt
Distributable As Adjusted	$8,971	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$40,000	ExpensesAndContributionsAmt
Qualifying Distributions	$40,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$8,971	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$11,599	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$11,599	TotalExcessDistributionCyovAmt
Qualifying Distributions	$40,000	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$8,971	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$31,029	RemainingDistriFromCorpusAmt
Total Corpus	$42,628	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$42,628	ExcessDistriCyovToNextYrAmt
Excess From Year1	$11,599	ExcessFromYear1Amt
Excess From Current Year	$31,029	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
The Ranch Ministries
1905 S 113th Avenue	Omaha	NE	68144	Not Related	Public	Charitable	$35,000
Warrior Mountain River Adventures
72 Lakeview Village	Montgomery	TX	77356	Not Related	Public	Charitable	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$40,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$620	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,017	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$2,637	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,637	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Marcia Wheat	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	1768 Ramsgate Drive	AddressLine1Txt
City	Prescott	CityNm
State Abbreviation	AZ	StateAbbreviationCd
ZIP	86305	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$20,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Accounting Fees	$1,590	$1,590	$0	$0
Management Fees	$503	$503	$0	$0

WHEAT FAMILY FOUNDATION INC: Form 990PF, tax year 2022

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

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