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CBIS FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
CBIS FOUNDATION INC (EIN 20-3362453)
Tax period
2022-07-01 to 2023-06-30
Filed
2023-10-23
IRS object ID
202302969349100920
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)
Return2023-10-23T07:45:11-00:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN460696895PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203362453EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CBIS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCBISBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o L WOLLIN 124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLONNIE WOLLINPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone2016936666PhoneNum
Signature2023-10-23SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLONNIEPersonFirstNm
Person LastWOLLINPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLONNIE WOLLINPreparerPersonNm
PTINP01282474PTIN
Phone2016936666PhoneNum
Preparation2023-10-23PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
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$3,288,422FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$19,273DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,273DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$86NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$59GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss-$5,139OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$14,048TotalRevAndExpnssAmt
Total Net Invst Incm$19,273TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,540AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$400OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,965TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$53,965TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$39,917ExcessRevenueOverExpensesAmt
Net Investment Income$19,273NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$73,891CashBOYAmt
Cash EOY$19,925CashEOYAmt
Cash EOYFMV$19,925CashEOYFMVAmt
Corporate Stock BOY$2,935,419CorporateStockBOYAmt
Corporate Stock EOY$2,949,468CorporateStockEOYAmt
Corporate Stock EOYFMV$3,268,497CorporateStockEOYFMVAmt
Total Assets BOY$3,009,310TotalAssetsBOYAmt
Total Assets EOY$2,969,393TotalAssetsEOYAmt
Total Assets EOYFMV$3,288,422TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,009,310RetainedEarningBOYAmt
Retained Earning EOY$2,969,393RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,009,310TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,969,393TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,009,310TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,969,393TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,009,310TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$39,917ExcessRevenueOverExpensesAmt
Subtotal$2,969,393SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,969,393TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtGross Sales PriceGrossSalesPriceAmt
MLX LP LT 1231 LOSSP2022-07-052023-06-30$145-$145-$145
MLX LP LT LT CAP GAINP2022-07-052023-06-30$59$59$59
FieldValueIRS element (for citing)
Capital Gain Net Income-$86CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$86NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$268InvestmentIncomeExciseTaxAmt
Subtotal$268SubtotalAmt
Tax Based On Investment Income$268TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,410EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,410TotalPaymentsAndCreditsAmt
Original Return Tax Paid$3,410OriginalReturnTaxPaidAmt
Overpayment$3,142OverpaymentAmt
Applied To ES Tax$3,142AppliedToESTaxAmt

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 StateDEOrgReportOrRegisterStateCd
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 Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2016936666PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
BUDGE COLLINS
611 Fair StreetFranklinTN37064PRES/DIR001.00$0
CAROL COLLINS
611 Fair StreetFranklinTN37064VP/DIR003.00$0
LONNIE WOLLIN
124 PROSPECT STRIDGEWOODNJ07450SECY/TREAS001.00$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)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$839,570AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,393,319AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,232,889TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,232,889AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$48,493CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,184,396NetVlNoncharitableAssetsAmt
Minimum Investment Return$159,220MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$159,220MinimumInvestmentReturnAmt
Tax Based On Investment Income$268TaxBasedOnInvestmentIncomeAmt
Total Tax$268TotalTaxAmt
Distributable Before Adj$158,952DistributableBeforeAdjAmt
Distributable Before Ded$158,952DistributableBeforeDedAmt
Distributable As Adjusted$158,952DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,000ExpensesAndContributionsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$158,952DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$25,573ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$31,888ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$273,221ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$155,474ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$486,156TotalExcessDistributionCyovAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Applied To Current Year$50,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$108,952ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$108,952ExcessDistributionCyovAppCYAmt
Total Corpus$377,204TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$377,204ExcessDistriCyovToNextYrAmt
Excess From Year2$221,730ExcessFromYear2Amt
Excess From Year1$155,474ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBUDGE COLLINSContributingManagerNm
Contributing ManagerCAROL COLLINSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1OCCA FOUNDATIONBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line14100 E WALNUT STAddressLine1Txt
CityORANGECityNm
State AbbreviationCAStateAbbreviationCd
ZIP92869ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipN/ARecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeEDUCATIONALGrantOrContributionPurposeTxt
Amt$50,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

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)
CategoryWOLLIN NEUSCHATZ, INCCategoryTxt
Amt$3,540Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MPLX LP$190,694$471,806
SANUWAVE HEALTH$1,605$331
SCHWAB- XXX-2945$1,582,169$1,621,360
SNVXX$1,175,000$1,175,000

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescDELAWARE REP FEEDesc
Revenue And Expenses Per Books$400RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescMPLX LP ORDINARY LOSSDesc
Revenue And Expenses Per Books-$5,139RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryDelaware Franchise TaxCategoryTxt
Amt$25Amt

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