WEGE FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
WEGE FOUNDATION (EIN 38-6124363)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-13
IRS object ID
202323179349100122
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)
Return2023-11-13T07:41:08-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN382492570PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DOEREN MAYHEWBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line156 CESAR E CHAVEZ AVE SW STE 100AddressLine1Txt
CityGRAND RAPIDSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49503ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN386124363EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE WEGE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWEGEBusinessNameControlTxt
Phone6169570480PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line199 MONROE AVE NW STE 902AddressLine1Txt
CityGRAND RAPIDSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP495036210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES LOGANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6169570480PhoneNum
Signature2023-11-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastLOGANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDERIK V RYNEARSON CPAPreparerPersonNm
PTINP01210742PTIN
Phone6162355200PhoneNum
Preparation2023-11-06PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
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$331,403,098FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$628,874ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$5,398,406DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,398,406DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$2,451,814NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$54,853,633GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,451,814CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$50,005OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$50,005OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$8,529,099TotalRevAndExpnssAmt
Total Net Invst Incm$7,900,225TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$631,517CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$157,879CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$473,638CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$329,395OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$19,062OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$310,333OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$329,268PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$32,812PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$296,456PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$94,451LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$94,451LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$0LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$92,073AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$92,073AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$0AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$2,334,293OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,334,293OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$0OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$23,639InterestRevAndExpnssAmt
Interest Net Invst Incm$23,639InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl$0InterestDsbrsChrtblAmt
Taxes Rev And Expnss$1,210,215TaxesRevAndExpnssAmt
Taxes Net Invst Incm$301,612TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$52,243DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$12,135DeprecAndDpltnNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$64,688TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$64,688TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,891,981OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,469,490OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$393,834OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,053,763TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,537,446TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,538,949TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$18,752,454ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$18,302,454ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,806,217TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,537,446TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$19,841,403TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$17,277,118ExcessRevenueOverExpensesAmt
Net Investment Income$3,362,779NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,779,549CashBOYAmt
Cash EOY$2,142,860CashEOYAmt
Cash EOYFMV$2,142,860CashEOYFMVAmt
Sav And Temp Cash Invst BOY$19,363,432SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,112,855SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,112,855SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$68,051OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$79,769OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$68,051OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$68,051OtherNtsAndLoansRcvblEOYFMVAmt
US Government Obligations BOY$43,524,517USGovernmentObligationsBOYAmt
US Government Obligations EOY$55,203,287USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$51,258,046USGovtObligationsEOYFMVAmt
Corporate Stock BOY$51,961,459CorporateStockBOYAmt
Corporate Stock EOY$55,383,208CorporateStockEOYAmt
Corporate Stock EOYFMV$80,580,459CorporateStockEOYFMVAmt
Other Investments BOY$29,070,395OtherInvestmentsBOYAmt
Other Investments EOY$29,218,960OtherInvestmentsEOYAmt
Other Investments EOYFMV$37,053,525OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$1,217,433LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$812,186LandBldgEquipAccumDeprecAmt
Land BOY$446,354LandBOYAmt
Land EOY$405,247LandEOYAmt
Land EOYFMV$405,247LandEOYFMVAmt
Other Assets BOY$154,297,183OtherAssetsBOYAmt
Other Assets EOY$143,352,153OtherAssetsEOYAmt
Other Assets EOYFMV$154,782,055OtherAssetsEOYFMVAmt
Total Assets BOY$301,522,658TotalAssetsBOYAmt
Total Assets EOY$290,886,621TotalAssetsEOYAmt
Total Assets EOYFMV$331,403,098TotalAssetsEOYFMVAmt
Accounts Payable BOY$568AccountsPayableBOYAmt
Accounts Payable EOY$2,494AccountsPayableEOYAmt
Grants Payable BOY$14,547,048GrantsPayableBOYAmt
Grants Payable EOY$22,683,923GrantsPayableEOYAmt
Total Liabilities BOY$14,547,616TotalLiabilitiesBOYAmt
Total Liabilities EOY$22,686,417TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$2,090,645AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$2,090,645AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$284,884,397RetainedEarningBOYAmt
Retained Earning EOY$266,109,559RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$286,975,042TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$268,200,204TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$301,522,658TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$290,886,621TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$286,975,042TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$17,277,118ExcessRevenueOverExpensesAmt
Other Increases$8,136,876OtherIncreasesAmt
Subtotal$277,834,800SubtotalAmt
Other Decreases$9,634,596OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$268,200,204TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtHow AcquiredHowAcquiredCd
PUBLICLY TRADED SECURITIES$27,047,216$28,283,861-$1,236,645-$1,236,645
PUBLICLY TRADED SECURITIES$27,464,424$23,258,533$4,205,891$4,205,891
PARTNERSHIP K-1S$742,630$742,630
PETER M. WEGE TRUST K-1-$1,401,618-$1,401,618D
PETER M. WEGE TRUST K-1-$248,967-$248,967D
SALE OF HARDING ENERGY$230,000$112,798$117,202$117,202P
SB PARTNERS GAIN ON DISPOSITION$5,717$5,717D
ADAMAS OPPORTUNITIES GAIN ON DSPOSITION$155,611$155,611D
CAPITAL GAINS DIVIDENDS$111,993$111,993$111,993P
FieldValueIRS element (for citing)
Capital Gain Net Income$2,451,814CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$46,743InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$46,743SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$46,743TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$616,000EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$616,000TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$569,257OverpaymentAmt
Applied To ES Tax$569,257AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateMIOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled EntityYes (1)OwnControlledEntityInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressWWW.WEGEFOUNDATION.COMWebsiteAddressTxt
Individual With BooksJAMES LOGANIndividualWithBooksNm
Phone6169570480PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line199 MONROE AVE NW STE 902AddressLine1Txt
CityGRAND RAPIDSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP495036210ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business HoldingsYes (1)BusinessHoldingsInd
Excess Business Holdings0ExcessBusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Transactions Fail To Qlfy As ExcYes (1)TransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsYes (1)MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (14 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JONATHAN M WEGE
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210CHAIR, TRUSTEE1.00$0$0$0
MARK VAN PUTTEN
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210FORMER PRESIDENT, CEO40.00$393,387$25,925$26,337
DALE RIETBERG
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210SECRETARY1.00$0$0$0
KATHLEEN FURTADO
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210TREASURER40.00$156,976$13,222$27,163
JOHANNA OSMAN
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210TRUSTEE1.00$0$0$0
CHRISTOPHER CARTER
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210TRUSTEE1.00$0$0$0
CAITLIN WEGE
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210FORMER TRUSTEE1.00$0$0$0
LAURA WEGE
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210TRUSTEE1.00$0$0$0
JUAN OLIVAREZ
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210TRUSTEE1.00$0$0$0
MARY GOODWILLIE NELSON
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210VICE CHAIR, TRUSTEE1.00$0$0$0
CHRISTOPHER WEGE
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210VICE CHAIR, TRUSTEE1.00$0$0$0
DIANA WEGE
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210VICE CHAIR, TRUSTEE1.00$0$0$0
JAMES LOGAN
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210PRESIDENT, CEO40.00$81,154$3,152$2,996
JESSICA MCLEAR
99 MONROE AVE NW STE 902GRAND RAPIDSMI495036210TRUSTEE0.00$0$0$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee BenefitsEmployeeBenefitsAmtExpense AccountExpenseAccountAmt
LESLIE YOUNG
99 MONROE AVE NW STE 902GRAND RAPIDSMI485036210PROGRAM OFFICER40.00$104,919$3,111$149,001
EMILY ALEMAN-MCALPINE
99 MONROE AVE NW STE 902GRAND RAPIDSMI485036210PROGRAM DIRECTOR40.00$148,227$12,475$33,434
EMILY MATHEIN
99 MONROE AVE NW STE 902GRAND RAPIDSMI485036210GRANTS & OPERATIONS40.00$76,249$5,995$26,458
FieldValueIRS element (for citing)
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
PRIME BUCHHOLZ & ASSOCIATES
273 CORPORATE DRIVE SUITE 250PORTSMOUTHNH03801INVESTMENT SERVICES$242,881
VARNUM LLP
333 BRIDGE ST NWGRAND RAPIDSMI49501LEGAL SERVICES$87,152
FieldValueIRS element (for citing)
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$173,848,334AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$11,428,578AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$164,627,171FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$349,904,083TotalFMVOfUnusedAssetsAmt
Reduction Claimed$169,162ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$349,904,083AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,248,561CashDeemedCharitableAmt
Net Vl Noncharitable Assets$344,655,522NetVlNoncharitableAssetsAmt
Minimum Investment Return$17,232,776MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$17,232,776MinimumInvestmentReturnAmt
Tax Based On Investment Income$46,743TaxBasedOnInvestmentIncomeAmt
Income Tax$957IncomeTaxAmt
Total Tax$47,700TotalTaxAmt
Distributable Before Adj$17,185,076DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$17,185,076DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$17,185,076DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,841,403ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$19,841,403QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$17,185,076DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$2,874,913ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$6,590,787ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$3,126,090ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$3,183,727ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$10,959,712ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$26,735,229TotalExcessDistributionCyovAmt
Qualifying Distributions$19,841,403QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$17,185,076AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,656,327RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$29,391,556TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$2,874,913ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$26,516,643ExcessDistriCyovToNextYrAmt
Excess From Year4$6,590,787ExcessFromYear4Amt
Excess From Year3$3,126,090ExcessFromYear3Amt
Excess From Year2$3,183,727ExcessFromYear2Amt
Excess From Year1$10,959,712ExcessFromYear1Amt
Excess From Current Year$2,656,327ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJAMES A LOGANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line199 MONROE AVE NW STE 902AddressLine1Txt
CityGRAND RAPIDSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP495036210ZIPCd
FieldValueIRS element (for citing)
Recipient Phone6169570480RecipientPhoneNum
Form And Info And MaterialsDETAILED WRITTEN REQUEST THROUGH WEB SITE.FormAndInfoAndMaterialsTxt
Submission DeadlinesALL REQUESTS FOR GRANTS SHALL BE MADE BY SEPTEMBER 15 AND FEBRUARY 15 TO ALLOW TIME FOR PROPER RESEASubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHED DETAILBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHED DETAILAddressLine1Txt
CityGRAND RAPIDSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49503ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusSEE ATTACHEDRecipientFoundationStatusTxt
Grant Or Contribution PurposeSEE ATTACHEDGrantOrContributionPurposeTxt
Amt$18,302,454Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$18,302,454TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHED DETAILBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHED DETAILAddressLine1Txt
CityGRAND RAPIDSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49503ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusSEE ATTACHEDRecipientFoundationStatusTxt
Grant Or Contribution PurposeSEE ATTACHEDGrantOrContributionPurposeTxt
Amt$22,683,924Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$22,683,924TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,398,406ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion01ExclusionCd
Exclusion$50,005ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$2,451,814ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$7,900,225ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$7,900,225TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

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 Line1PETER M WEGE TRUSTBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11500 WARNER BLDG 150 OTTAWA AVE NWAddressLine1Txt
CityGRAND RAPIDSCityNm
State AbbreviationMIStateAbbreviationCd
ZIP49503ZIPCd
FieldValueIRS element (for citing)
Total Contributions$628,874TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$92,073Amt
Net Investment Income$92,073NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Amortization Schedule AmortizationSchedule

Amortization Schedule Detail AmortizationScheduleDetail (4 entries)

Amortized ExpensesAmortizedExpensesDescAcquired Completed Or ExpendedAcquiredCompletedOrExpendedDtAmortizedAmortizedAmtDeduction For Prior YearsDeductionForPriorYearsAmtAmortization PeriodAmortizationPeriodRtNet Investment IncomeNetInvestmentIncomeAmtTotal AmortizationTotalAmortizationAmtCurrent Year AmortizationCurrentYearAmortizationAmt
COMPUTER SOFTWARE, QB AND ADOBE2016-03-08$613$61336.000000000000$0$613
BLACKBAUD SOFTWARE RENEWAL2020-06-19$32,851$16,42536.000000000000$0$27,375$10,950
BLACKBAUD SOFTWARE RENEWAL2021-06-19$34,494$5,74936.000000000000$0$17,247$11,498
BLACKBAUD SOFTWARE RENEWAL2022-06-20$37,25436.000000000000$0$6,209$6,209

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (27 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtLifeLifeRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
99 MONROE IMPROVEMENTS2015-04-21$8,936$3,873SL15.000000000000$596$0
3 LENOVO THINKPAD COMPUTERS2016-01-14$6,591$6,591200DB5.000000000000$0$0
LENOVO THINKPAD COMPUTER FOR JODY2016-01-14$1,949$1,949200DB5.000000000000$0$0
8 28' LED MONITORS2016-01-14$1,760$1,760200DB5.000000000000$0$0
NETWORK MERAKI ACCESS POINT WITH 3 YEAR LICENSE2016-01-14$1,699$1,699200DB3.000000000000$0$0
MERAKI ADVANCED SECURITY LICENSE 3 YEARS2016-01-14$1,200$1,200200DB3.000000000000$0$0
WARDROBE AND LEFT DESK FOR MARK AND DRAWERS FOR KATY'S STATION2016-02-10$3,812$3,812200DB5.000000000000$0$0
NEW CELL PHONES2016-05-03$1,300$1,300200DB5.000000000000$0$0
ARMS FOR MONITORS2016-05-31$795$795200DB5.000000000000$0$0
COMPUTER FOR EMILY2016-12-01$1,627$1,627200DB5.000000000000$0$0
99 MONROE IMPROVEMENTS DOWNPAYMENT2017-01-01$16,000$4,801SL15.000000000000$1,067$0
COMPUTER SOFTWARE2010-03-18$12,996$12,996SL5.000000000000$0$0
CLICK SHARE TECHNOLOGY, WIRELESS SYSTEM LABOR AND DELIVERY2017-03-21$7,435$7,006200DB5.000000000000$429$0
VIDEO CONFERENCING2017-06-28$1,580$1,489200DB5.000000000000$91$0
2 INTERN STATIONS, CEO OFFICE, NEW PROGRAM SPACE, NEW CONFERENCE ROOM2017-05-10$22,557$21,258200DB5.000000000000$1,299$0
FILM ON CONFERENCE WINDOWS2017-10-12$3,052$915SL15.000000000000$203$0
LENOVO THINKPAD CARBON2019-09-30$2,649$1,886200DB5.000000000000$305$0
99 MONROE IMPROVEMENTS2014-12-01$664,804$315,781SL15.000000000000$44,320$0
BATHROOM RUG2014-10-17$1,060$1,060SL7.000000000000$0$0
AUDIO/VIDEO2014-11-24$3,564$3,564SL5.000000000000$0$0
SCREENS2020-08-26$2,745$1,064200DB7.000000000000$480$0
FRAMING FOR ARTWORK2014-11-25$16,005$16,005SL7.000000000000$0$0
FURNITURE & FIXTURES - 99 MONROE2014-12-01$284,245$284,245SL7.000000000000$0$0
FRAMING FOR ARTWORK2015-01-26$1,915$1,779SL7.000000000000$136$0
FURNITURE & FIXTURES - 99 MONROE2015-04-21$9,106$8,456SL7.000000000000$650$0
3 LENOVO THINKPAD COMPUTERS2021-02-13$7,936$1,587200DB5.000000000000$2,540$0
LENOVO THINKPAD2022-11-01$2,540200DB5.000000000000$127$0

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NC IDEA FOUNDATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1320 BLACKWELL STREET STE 400AddressLine1Txt
CityDURHAMCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27701ZIPCd
FieldValueIRS element (for citing)
Grant2020-12-16GrantDt
Grant$100,000GrantAmt
Purpose Of GrantNORTH CAROLINA BLACK ENTREPRENEURSHIP COUNCIL - NC BECPurposeOfGrantTxt
Expended By Grantee$100,000ExpendedByGranteeAmt
Any Diversion By GranteeNONEAnyDiversionByGranteeTxt
Dates Of Reports By Grantee7/30/2022DatesOfReportsByGranteeTxt
Verification2022-07-30VerificationDt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCORPORATE STOCKStockNm
EOY Book Value$55,383,208EOYBookValueAmt
EOYFMV$80,580,459EOYFMVAmt

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$55,203,287USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$51,258,046USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY$0StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$0StateLocalSecEOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
ASSET BACKED SECURITIESAT COST$617,194$568,008
HEDGE FUNDSAT COST$28,601,766$36,485,517

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (31 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
99 MONROE IMPROVEMENTS$8,936$4,469$4,467
3 LENOVO THINKPAD COMPUTERS$6,591$6,591$0
LENOVO THINKPAD COMPUTER FOR JODY$1,949$1,949$0
8 28' LED MONITORS$1,760$1,760$0
NETWORK MERAKI ACCESS POINT WITH 3 YEAR LICENSE$1,699$1,699$0
MERAKI ADVANCED SECURITY LICENSE 3 YEARS$1,200$1,200$0
WARDROBE AND LEFT DESK FOR MARK AND DRAWERS FOR KATY'S STATION$3,812$3,812$0
COMPUTER SOFTWARE, QB AND ADOBE$613$613$0
NEW CELL PHONES$1,300$1,300$0
ARMS FOR MONITORS$795$795$0
COMPUTER FOR EMILY$1,627$1,627$0
99 MONROE IMPROVEMENTS DOWNPAYMENT$16,000$5,868$10,132
COMPUTER SOFTWARE$12,996$12,996$0
CLICK SHARE TECHNOLOGY, WIRELESS SYSTEM LABOR AND DELIVERY$7,435$7,435$0
VIDEO CONFERENCING$1,580$1,580$0
2 INTERN STATIONS, CEO OFFICE, NEW PROGRAM SPACE, NEW CONFERENCE ROOM$22,557$22,557$0
FILM ON CONFERENCE WINDOWS$3,052$1,118$1,934
LENOVO THINKPAD CARBON$2,649$2,191$458
99 MONROE IMPROVEMENTS$664,804$360,101$304,703
BATHROOM RUG$1,060$1,060$0
AUDIO/VIDEO$3,564$3,564$0
SCREENS$2,745$1,544$1,201
BLACKBAUD SOFTWARE RENEWAL$32,851$27,375$5,476
FRAMING FOR ARTWORK$16,005$16,005$0
FURNITURE & FIXTURES - 99 MONROE$284,245$284,245$0
FRAMING FOR ARTWORK$1,915$1,915$0
FURNITURE & FIXTURES - 99 MONROE$9,106$9,106$0
3 LENOVO THINKPAD COMPUTERS$7,936$4,127$3,809
BLACKBAUD SOFTWARE RENEWAL$34,494$17,247$17,247
BLACKBAUD SOFTWARE RENEWAL$37,254$6,209$31,045
LENOVO THINKPAD$2,540$127$2,413

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$94,451LegalFeesAmt
Net Investment Income$94,451NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (10 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN GENERAL LIFE INS ANUITY$1$1$129,000
CONTRACT PHARMACEUTICALS$9,265,552$9,265,552$1,523,000
FINE ART$408,360$408,360$408,360
FORTUNATE INVESTORS$1,143,886$1,120,084$1,159,295
PARTNERSHIP INTERESTS$142,871,482$132,075,944$150,830,834
SILVER COINS$566$566$566
HARDING ENERGY$112,799$0$0
WEDGE GROUP - PARTNERSHIP INTERESTS$204,537$0$0
WF - PATHFINDER LLC$290,000$290,000$290,000
BRIDGE STREET CAPITAL$191,646$441,000

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK TO TAX DIFFERENCEDesc
Amt$9,634,596Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTING FEE$114,260$0$114,260
DUES AND MEMBERSHIPS$62,861$9,429$53,432
INSURANCE$23,344$3,502$19,842
MEALS & ENTERTAINMENT$4,385$0$4,385
MEETINGS$15,697$0$15,697
OFFICE EXPENSES$214,889$32,233$182,656
PAYROLL FEES$4,191$629$3,562
PARTNERSHIP K-1S$1,423,697$1,423,697$0
AMORTIZATION$28,657$0$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescMISCELLANEOUS INCOMEDesc
Revenue And Expenses Per Books$50,005RevenueAndExpensesPerBooksAmt
Net Investment Income$50,005NetInvestmentIncomeAmt
Adjusted Net Income$50,005AdjustedNetIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCHANGE IN GRANTS PAYABLEDesc
Amt$8,136,876Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
APPRAISAL$6,500$6,500$0
PORTFOLIO EXPENSES$1,217,200$1,217,200$0
INVESTMENT FEES$1,110,593$1,110,593$0

Reduction Explanation Statement ReductionExplanationStatement

FieldValueIRS element (for citing)
Short Explanation28,100 SHS. CONTRACT PHARMACEUTICALS LIMITED, WHICH REPRESENTS A 26.928% OF THE TOTAL 104,350 SHS. OUTSTANDING. THE FREELY TRADED VALUE PER SHARE = $60.22. 10% DISCOUNT FOR LACK OF MARKETABILITYFMV PER SHARE BASED ON LIMITATION OF IRC SEC. 4942(E)(2)(B)ShortExplanationTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXCISE TAXES$908,603$0$0
FOREIGN TAX WITHHELD ON DIVIDENDS$240,182$240,182$0
PAYROLL TAXES$58,686$58,686$0
PROPERTY TAXES$2,744$2,744$0

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