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GUS S WETZEL FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GUS S WETZEL FAMILY FOUNDATION (EIN 43-1801574)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-03-17
IRS object ID
202200769349100210
Schema version
2021v4.0
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)
Return2022-03-17T13:45:56-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN431530865PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HIGDON & HALE CPA'S PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16310 LAMAR AVE STE 110AddressLine1Txt
CityOVERLAND PARKCityNm
State AbbreviationKSStateAbbreviationCd
ZIP662024284ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN431801574EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE GUS WETZEL FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWETZBusinessNameControlTxt
Phone6608855124PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11700 S EIGHTH STAddressLine1Txt
CityCLINTONCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64735ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGUS S WETZEL IIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2022-02-14SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGUSPersonFirstNm
Person LastWETZELPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWILLIAM F WESEMANNPreparerPersonNm
PTINP00035124PTIN
Phone9138317000PhoneNum
Preparation2022-02-23PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$153,083FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$155,039ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,284DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,284DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$12,914NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$232,024GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$496CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$172,239TotalRevAndExpnssAmt
Total Net Invst Incm$4,782TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$935AccountingFeesRevAndExpnssAmt
Interest Rev And Expnss$2InterestRevAndExpnssAmt
Taxes Rev And Expnss$39TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$945OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,921TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$78,051ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$78,051ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$79,972TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$78,051TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$92,267ExcessRevenueOverExpensesAmt
Net Investment Income$4,782NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$10,867SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$12,356SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$12,356SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$12,669CorporateStockBOYAmt
Corporate Stock EOY$103,447CorporateStockEOYAmt
Corporate Stock EOYFMV$140,727CorporateStockEOYFMVAmt
Total Assets BOY$23,536TotalAssetsBOYAmt
Total Assets EOY$115,803TotalAssetsEOYAmt
Total Assets EOYFMV$153,083TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$23,536RetainedEarningBOYAmt
Retained Earning EOY$115,803RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$23,536TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$115,803TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$23,536TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$115,803TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$23,536TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$92,267ExcessRevenueOverExpensesAmt
Subtotal$115,803SubtotalAmt
Tot Net Ast Or Fund Balances EOY$115,803TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$496CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$66InvestmentIncomeExciseTaxAmt
Subtotal$66SubtotalAmt
Tax Based On Investment Income$66TaxBasedOnInvestmentIncomeAmt
Tax Due$66TaxDueAmt

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
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 BooksGUS S WETZEL IIIndividualWithBooksNm
Phone6608855124PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11700 SOUTH EIGHTH STREETAddressLine1Txt
CityCLINTONCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64735ZIPCd
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 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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GUS S WETZEL II
1700 SOUTH EIGHTH STREETCLINTONMO64735PRESIDENT000.00$0$0$0
SANDRA H WETZEL
1700 SOUTH EIGHTH STREETCLINTONMO64735SECRETARY000.00$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$129,524AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,627AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$151,151TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$151,151AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,267CashDeemedCharitableAmt
Net Vl Noncharitable Assets$148,884NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,444MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,444MinimumInvestmentReturnAmt
Tax Based On Investment Income$66TaxBasedOnInvestmentIncomeAmt
Total Tax$66TotalTaxAmt
Distributable Before Adj$7,378DistributableBeforeAdjAmt
Distributable Before Ded$7,378DistributableBeforeDedAmt
Distributable As Adjusted$7,378DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$78,051ExpensesAndContributionsAmt
Qualifying Distributions$78,051QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,378DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$67,386ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$61,134ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$59,368ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$61,388ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$50,708ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$299,984TotalExcessDistributionCyovAmt
Qualifying Distributions$78,051QualifyingDistributionsAmt
Applied To Current Year$7,378AppliedToCurrentYearAmt
Remaining Distri From Corpus$70,673RemainingDistriFromCorpusAmt
Total Corpus$370,657TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$67,386ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$303,271ExcessDistriCyovToNextYrAmt
Excess From Year4$61,134ExcessFromYear4Amt
Excess From Year3$59,368ExcessFromYear3Amt
Excess From Year2$61,388ExcessFromYear2Amt
Excess From Year1$50,708ExcessFromYear1Amt
Excess From Current Year$70,673ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (31 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
BOY SCOUTS OF AMERICA
1325 W WALNUT HILL LNIRVINGTX75035CIVIC$2,500
CLINTON ANIMAL SHELTER
1307 N WASHINGTON STCLINTONMO64735CIVIC$100
CLINTON ARTS COUNCIL
PO BOX 314CLINTONMO64735CIVIC$500
CLINTON CHAMBER OF COMMERCE
200 S MAIN STCLINTONMO64735CIVIC$500
CLINTON CHRISTIAN CHURCH
1201 E OHIO STCLINTONMO64735CHARITABLE$100
CLINTON HIGH SCHOOL
1106 S 2ND STCLINTONMO64735EDUCATION$2,250
CLINTON ROTARY CLUB
200 W FRANKLIN STCLINTONMO64735CIVIC$125
CLINTON SCOUT CENTER
808 E AUGUSTA STCLINTONMO64735CIVIC$3,000
CLINTON UNITED METHODIST CHURCH
601 S 4TH STREETCLINTONMO64735CHARITABLE$11,746
ENGLEWOOD CEMETERY
1804 E OHIO STCLINTONMO64735CIVIC$1,000
FIRST PRESBYTERIAN CHURCH
220 E FRANKLIN STCLINTONMO64735CHARITABLE$50
GOLDEN VALLEY MEMORIAL HOSPITAL FDN
1600 NORTH SECONDCLINTONMO64735CIVIC$3,000
GREATER KC COMMUNITY FOUNDATION
1055 BROADWAY BLVD 130KANSAS CITYMO64105CHARITABLE$1,000HIGGIN BROS SURGICENTER FOR HOPE
HENRY COUNTY MEMORY FUND
PO BOX 741CLINTONMO64735CIVIC$1,000
HOLY ROSARY SCHOOL
400 E WILSON STCLINTONMO64735EDUCATIONAL$1,000
KCPT
125 E 31ST STREETKANSAS CITYMO64108CIVIC$500
LIVING WATER FOUNDATION
PO BOX 1017PROSPERITYSC29127CIVIC$300
MAP INTERNATIONAL
4700 GLYNCO PARKWAYBRUNSWICKGA31525CHARITABLE$500
MISSOURI VETERANS HOME
1300 VETERANS RDWARRENSBURGMO64093CIVIC$500
SAGRADA SCHOLARSHIP BIBLE CAMP
33495 SAGRADA BEACH RDLINCOLNMO65338EDUCATIONAL$600
SHOW ME CHRISTIAN YOUTH HOME
24302 MAHIN RDLA MONTEMO65337EDUCATION$100
ST CHRISTOPHER'S SCHOOL FOUNDATION
711 ST CHRISTOPHERS ROADRICHMONDVA23226EDUCATIONAL$500
ST PAUL SCHOOL OF THEOLOGY
4370 W 109TH STREETOVERLAND PARKKS66211EDUCATIONAL$1,000
THE HERITAGE FOUNDATION
214 MASSACHUSETTS AVE NEWASHINGTONDC200024999EDUCATION$100
THE MARY JO & KENT CABLE CHARITABLE
1018 TRAVINO RDCLINTONMO647354308CIVIC$7,500FOUNDATION
TRINITY LUTHERAN CHURCH
1267 E HWY 7CLINTONMO64735CIVIC$50
TRUMAN LAKE CANCER RELIEF FUND
12455 LAKELAND SCHOOL DRCLINTONMO64735CIVIC$500
TULANE SCHOOL OF MEDICINE
1430 TULANE AVENEW ORLEANSLA70112EDUCATION$1,000
UNIVERSITY OF ALABAMA
720 7TH AVE SBIRMINGHAMAL35233EDUCATION$200
UNIVERSITY OF CENTRAL MISSOURI
PO BOX 800WARRENSBURGMO64093EDUCATIONAL$35,830
WESTMINSTER COLLEGE
501 WESTMINSTER AVEFULTONMO65251EDUCATIONAL$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$78,051TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,284ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion2ExclusionCd
Exclusion$905ExclusionAmt
Related Or Exempt Function Incm$12,009RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$5,191ExclusionAmt
Related Or Exempt Function Incm$12,009RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$17,200TotalIncomeProducingActyAmt

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)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$935Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (7 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
APPLE INC2021-02DONATION2021-02$49,175$48,218$957
DANAGER CORP2021-02DONATION2021-02$42,697$42,882-$185
MARVELL TECH GROUP2021-02DONATION2021-02$17,375$17,889-$514
MASTERCARD INC2021-02DONATION2021-02$37,346$36,610$736
POST HOLDINGS INC2021-02DONATION2021-02$9,849$9,440$409
SCHWAB US DIVIDEND EQUITY ETF2021-02PURCHASE2021-05$50,037$42,949$7,088
SCHWAB US DIVIDEND EQUITY ETF2021-02PURCHASE2021-11$25,049$21,122$3,927

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
SPWYX$520$592
DHMIX$5,629$7,917
DODFX$3,324$5,532
SCHD$89,902$109,595
VFIAX$4,072$17,091

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
SCHWAB MANAGEMENT FEES$940
MISSOURI FILING FEE
PENALTY$5

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAX PAIDCategoryTxt
Amt$39Amt

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