BEANE WRIGHT FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
BEANE WRIGHT FOUNDATION (EIN 56-2224889)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-12
IRS object ID
202341329349102604
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)
Return2023-05-12T12:41:14-04:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN561185604PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HARMS RODE & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15917 OLEANDER DR STE 204AddressLine1Txt
CityWILMINGTONCityNm
State AbbreviationNCStateAbbreviationCd
ZIP284034709ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562224889EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BEANE WRIGHT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBEANBusinessNameControlTxt
Phone9106206711PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 1039AddressLine1Txt
CityWRIGHTSVILLE BEACHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28480ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAGNES BEANEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9106206711PhoneNum
Signature2023-05-11SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAGNESPersonFirstNm
Person LastBEANEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS J RODE CPAPreparerPersonNm
PTINP00084984PTIN
Phone9107849015PhoneNum
Preparation2023-05-12PreparationDt
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$33,166FMVAssetsEOYAmt
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$113InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$113InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$34,700DividendsRevAndExpnssAmt
Dividends Net Invst Incm$34,700DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$21,879NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$119,949GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$15,448CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$56,692TotalRevAndExpnssAmt
Total Net Invst Incm$50,261TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,100AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$6,840OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$772TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$8,712TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$69,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$69,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$78,212TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$69,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$21,520ExcessRevenueOverExpensesAmt
Net Investment Income$50,261NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4CashBOYAmt
Cash EOY-$1CashEOYAmt
Sav And Temp Cash Invst BOY$20,544SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$33,166SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$33,166SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$902,528CorporateStockBOYAmt
Corporate Stock EOY$866,003CorporateStockEOYAmt
Other Assets BOY$10,780OtherAssetsBOYAmt
Other Assets EOY$10,780OtherAssetsEOYAmt
Total Assets BOY$933,856TotalAssetsBOYAmt
Total Assets EOY$909,948TotalAssetsEOYAmt
Total Assets EOYFMV$33,166TotalAssetsEOYFMVAmt
Other Liabilities BOY$12,869OtherLiabilitiesBOYAmt
Other Liabilities EOY$12,869OtherLiabilitiesEOYAmt
Total Liabilities BOY$12,869TotalLiabilitiesBOYAmt
Total Liabilities EOY$12,869TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$484,117CapitalStockBOYAmt
Capital Stock EOY$484,117CapitalStockEOYAmt
Retained Earning BOY$436,870RetainedEarningBOYAmt
Retained Earning EOY$412,962RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$920,987TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$897,079TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$933,856TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$909,948TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$920,987TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$21,520ExcessRevenueOverExpensesAmt
Other Increases$879OtherIncreasesAmt
Subtotal$900,346SubtotalAmt
Other Decreases$3,267OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$897,079TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$15,448CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$699InvestmentIncomeExciseTaxAmt
Subtotal$699SubtotalAmt
Tax Based On Investment Income$699TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$34EsPenaltyAmt
Tax Due$733TaxDueAmt

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 StateNCOrgReportOrRegisterStateCd
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 BooksAGNES R BEANEIndividualWithBooksNm
Phone9102562363PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11005 AIRLIE ROADAddressLine1Txt
CityWILMINGTONCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28403ZIPCd
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 PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12021UndistributedIncomePY1Yr
Undistributed Income PY22020UndistributedIncomePY2Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
AGNES BEANE
PO BOX 1039WRIGHTSVILLE BEACHNC28480TRUSTEE000.00$0$0$0
ELEANOR COOPER
PO BOX 1039WRIGHTSVILLE BEACHNC28480TRUSTEE000.00$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$1,317,001AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$19,664AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,336,665TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,336,665AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$20,050CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,316,615NetVlNoncharitableAssetsAmt
Minimum Investment Return$65,831MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$65,831MinimumInvestmentReturnAmt
Tax Based On Investment Income$699TaxBasedOnInvestmentIncomeAmt
Total Tax$699TotalTaxAmt
Distributable Before Adj$65,132DistributableBeforeAdjAmt
Distributable Before Ded$65,132DistributableBeforeDedAmt
Distributable As Adjusted$65,132DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$69,500ExpensesAndContributionsAmt
Qualifying Distributions$69,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$65,132DistributableAsAdjustedAmt
Undistributed Income PY$70,347UndistributedIncomePYAmt
Prior Year12015PriorYear1Yr
Total For Prior Years$7,485TotalForPriorYearsAmt
Qualifying Distributions$69,500QualifyingDistributionsAmt
Applied To Year1$69,500AppliedToYear1Amt
Prior Year Undistributed Incm$7,485PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$7,485PriorYearDeficiencyOrTaxAmt
Taxable2$847Taxable2Amt
Undistributed Income CY$65,132UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Restrictions On AwardsCONTRIBUTIONS TO CHURCHES AND TO TAX EXEMPT PUBLIC CHARITIES AND PRIVATE FOUNDATIONS SELECTED SOLEY BY TRUSTEE OF FOUNDATION.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COASTAL LAND TRUST
131 RACINE DRSUITE 202WILMINGTONNC28403CHARITABLE DONATION$5,000
UNCW
601 S COLLEGE RDWILMINGTONNC28403CHARITABLE DONATION$12,500
AIRLIE GARDENS
300 AIRLIE RDWILMINGTONNC28403CHARITABLE DONATION$7,500
NC SYMPHONY
3700 GLENWOOD AVENUESUITE 130RALEIGHNC27612CHARITABLE DONATION$2,500
ST JAMES CHURCH
25 SOUTH 3RD STWILMINGTONNC28401CHARITABLE DONATION$10,000
FRENCH HERITAGE SOCIETY
14 E 60TH STREETSUITE 605NEW YORKNY100227131CHAIRITABLE DONATION$10,500
RONALD SACHS INTL MUSIC
601 S COLLEGE RDWILMINGTONNC28403CHAIRITABLE DONATION$5,000
EISENHOWER FELLLOWSHIP
250 S 16 STPHILADELPHIAPA19102CHARITABLE DONATION$5,500
OPERA HOUSE
119 MILITARY CUTOFF RDSUITE CC348WILMINGTONNC28405CHARITABLE DONATION$5,000
COLONIAL DAMES OF NC
224 MARKET STWILMINGTONNC28401CHARITABLE DONATION$5,000
PBS NC
10 UNC TV DRIVERTPNC27709CHARITABLE DONATION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$69,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$113RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$34,700RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$21,879RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$56,692RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$56,692TotalIncomeProducingActyAmt

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$1,100Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (11 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
ORION OFFICE REIT2021-11PURCHASE2022-02$589$722-$133
AMERICAN FUNDS2022-06PURCHASE2022-10$29,950$29,637$313
AMERICAN FUNDS2014-07PURCHASE2022-10$11,100$14,117-$3,017
CHEVRON2012-02PURCHASE2022-11$1,780$1,048$732
AMERICAN FUNDS EUROPAC2021-06PURCHASE2022-10$3,600$5,890-$2,290
MCDONALDS2012-02PURCHASE2022-11$2,707$984$1,723
PEPSICO2012-02PURCHASE2022-11$3,554$1,262$2,292
WARNER BROS2012-02PURCHASE2022-06$3,171$5,550-$2,379
AMERICAN FUNDS WASH MUT2018-06PURCHASE2022-12$31,025$26,179$4,846
GOLDMAN SACHS TREAS OBLIGS2019-09PURCHASE2022-11$5,000$5,000
AMERICAN FUNDS2008-01PURCHASE2022-11$12,025$7,681$4,344

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCKS AND MUTUAL FUNDSStockNm
EOY Book Value$866,003EOYBookValueAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescORGANIZATIONAL COST-BEANE WRIGHT CRTDesc
BOY Book Value$10,780BOYBookValueAmt
EOY Book Value$10,780EOYBookValueAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescNON DEDUCTIBLE FEDERAL TAXDesc
Amt$3,267Amt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (4 entries)

DescDescAmtAmt
NON DIVIDEND DISTRIBUTIONS$524
897 CAPITAL GAINS$63
897 DIVIDENDS$28
TIE 1099 ADJUSTMENT$264

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescADVANCE FROM BEANE CAPITAL, LLCDesc
BOY Book Value$12,869BOYBookValueAmt
EOY Book Value$12,869EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEESCategoryTxt
Amt$6,840Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX W/HCategoryTxt
Amt$772Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.