WINGATE FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- WINGATE FOUNDATION (EIN 94-3301040)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-08-22
- IRS object ID
- 202312349349100431
- 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
- Accounting Fees Schedule
- Investments Other Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-22T19:56:49-04:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 330252865 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROORDA PIQUET & BESSEE INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3550 VINE ST SUITE 110 | AddressLine1Txt |
| City | RIVERSIDE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 925074175 | 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 | 943301040 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WINGATE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WING | BusinessNameControlTxt |
| Phone | 9518277936 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2451 KNOB HILL DR | AddressLine1Txt |
| City | RIVERSIDE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 925063436 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TODD B WINGATE | PersonNm |
| Person Title | SECRETARY | PersonTitleTxt |
| Phone | 9518277936 | PhoneNum |
| Signature | 2023-08-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TODD B | PersonFirstNm |
| Person Last | WINGATE | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FERNANDO G AYALA JR | PreparerPersonNm |
| PTIN | P01259082 | PTIN |
| Phone | 9516847781 | PhoneNum |
| Preparation | 2023-08-14 | PreparationDt |
| 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) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $5,146,030 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $496 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $496 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $182,746 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $182,746 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $3,564 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,564 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $3,564 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $187,852 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $374,658 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $186,806 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $1,849 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,849 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $1,849 | AccountingFeesAdjNetIncmAmt |
| Taxes Rev And Expnss | $48,336 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $48,336 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $48,336 | TaxesAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $28,778 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $28,778 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $28,778 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $78,963 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $78,963 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $78,963 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $102,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $102,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $180,963 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $78,963 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $78,963 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $102,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $193,695 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $107,843 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $396,430 | CashBOYAmt |
| Cash EOY | $561,749 | CashEOYAmt |
| Cash EOYFMV | $561,749 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $184,136 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $27,763 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $27,763 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $1,626,221 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $1,812,641 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,129,518 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $1,664,121 | OtherAssetsBOYAmt |
| Other Assets EOY | $1,664,948 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $2,427,000 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $3,870,908 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,067,101 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,146,030 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $19,250 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $21,748 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $19,250 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $21,748 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $3,851,658 | RetainedEarningBOYAmt |
| Retained Earning EOY | $4,045,353 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,851,658 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,045,353 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $3,870,908 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,067,101 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,851,658 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $193,695 | ExcessRevenueOverExpensesAmt |
| Subtotal | $4,045,353 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $4,045,353 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $3,564 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,499 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,499 | SubtotalAmt |
| Tax Based On Investment Income | $1,499 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,800 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,800 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $7 | EsPenaltyAmt |
| Overpayment | $294 | OverpaymentAmt |
| Applied To ES Tax | $294 | 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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | 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 |
| Individual With Books | TODD WINGATE | IndividualWithBooksNm |
| Phone | 9518277936 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2451 KNOB HILL DR | AddressLine1Txt |
| City | RIVERSIDE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 925063436 | 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 |
| 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 (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MICHAEL K BEAM | ||||||||
| 10155 VIA INDIGO | MORENO VALLEY | CA | 92557 | CEO | 000.00 | $0 | $0 | $0 |
| TODD B WINGATE | ||||||||
| 2451 KNOB HILL | RIVERSIDE | CA | 92506 | SECRETARY | 000.00 | $0 | $0 | $0 |
| JIMMY C MANNING | ||||||||
| 1310 E COLTON AVE | REDLANDS | CA | 92374 | CFO | 000.00 | $0 | $0 | $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 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,302,553 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $550,591 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,527,000 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,380,144 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $5,380,144 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $80,702 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,299,442 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $264,972 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $264,972 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,499 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,499 | TotalTaxAmt |
| Distributable Before Adj | $263,473 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $263,473 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $263,473 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $102,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $102,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $263,473 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr1 | $235,010 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $235,010 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $102,000 | QualifyingDistributionsAmt |
| Applied To Current Year | $102,000 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $161,473 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $161,473 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $73,537 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $73,537 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $73,537 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BIG BROTHERSBIG SISTERS | |||||||
| 8880 BENSON AVE | MONCLAIR | CA | 91763 | NONE | 501(C)(3) | SUPPORT | $50,000 |
| MALOOF FOUNDATION | |||||||
| 5131 CARNELIAN ST | ALTA LOMA | CA | 91701 | NONE | 501(C)(3) | SUPPORT | $10,000 |
| PLAN-IT LIFE INC | |||||||
| 6235 RIVER CREST DR STE O | RIVERSIDE | CA | 92507 | NONE | 501(C)(3) | SUPPORT | $15,000 |
| RIVERSIDE SUNRISE NOTARY | |||||||
| PO BOX 21155 | RIVERSIDE | CA | 92516 | NONE | 501(C)(3) | SUPPORT | $5,000 |
| RIVERSIDE SUNRISE ROTARY | |||||||
| PO BOX 21155 | RIVERSIDE | CA | 92516 | NONE | 501(C)(3) | SUPPORT | $1,000 |
| SMITHSONIANRENWICK | |||||||
| 1661 PENNSYLVANIA NW 1 | WASHINGTON | DC | 20006 | NONE | 501(C)(3) | SUPPORT | $10,000 |
| THE SEA RANCH THESPIANS | |||||||
| PO BOX 149 | RIVERSIDE | CA | 95497 | NONE | 501(C)(3) | SUPPORT | $11,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $102,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $496 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $182,746 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $3,564 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GWG LLC | Desc |
| Business | 531120 | BusinessCd |
| Unrelated Business Taxbl Incm | $187,852 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $187,852 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $183,242 | ExclusionAmt |
| Related Or Exempt Function Incm | $3,564 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $374,658 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL EXPENSES | CategoryTxt |
| Amt | $1,849 | Amt |
| Net Investment Income | $1,849 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,849 | AdjustedNetIncomeAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | SCHWAB INVESTMENT | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $1,812,641 | BookValueAmt |
| EOYFMV | $2,129,518 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| GWG, LLC | $1,589,741 | $1,589,124 | $1,827,000 |
| WINGATE INDUSTRIES | $19,380 | $20,824 | $545,000 |
| ART/FURNITURE | $55,000 | $55,000 | $55,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| EXPENSES | |||
| BANK CHARGES | $150 | $150 | $150 |
| DOJ | $100 | $100 | $100 |
| MANAGEMENT FEES | $25,965 | $25,965 | $25,965 |
| WINGATE INDUSTRIES K-1 | $2,563 | $2,563 | $2,563 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | GWG LLC | Desc |
| Revenue And Expenses Per Books | $187,852 | RevenueAndExpensesPerBooksAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| CALIF FORM 109 TAX | $11,861 | $11,861 | $11,861 |
| FEDERAL 990-T | $34,417 | $34,417 | $34,417 |
| FEDERAL EXCISE TAX | $771 | $771 | $771 |
| FOREIGN TAXES PAID | $1,287 | $1,287 | $1,287 |
Comments