WEP FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WEP FOUNDATION (EIN 47-0986248)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-16
IRS object ID
202201369349103115
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)
Return2022-05-16T11:21:37-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813146074PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROWN HIERS KINDER LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1701 E BAY ST STE 509AddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29403ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN470986248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WEP FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWEPFBusinessNameControlTxt
Phone8435772551PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID P BROWNPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8438011502PhoneNum
Signature2022-05-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVID PPersonFirstNm
Person LastBROWNPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL R HIERSPreparerPersonNm
PTINP00793615PTIN
Phone8438047069PhoneNum
Preparation2022-05-16PreparationDt
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$777,777FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$93,592ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$5InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$10,435DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,435DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$46,802NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$154,181GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$46,802CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$226OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$226OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$151,060TotalRevAndExpnssAmt
Total Net Invst Incm$57,468TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$30,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$15,000CompOfcrDirTrstNetInvstIncmAmt
Pension Empl Bnft Rev And Expnss$2,295PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$1,147PensionEmplBnftNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,550AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$775AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$4,928OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,914OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$183TaxesRevAndExpnssAmt
Taxes Net Invst Incm$67TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$38,956TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$20,903TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,350ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,350ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$53,306TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$20,903TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$14,350TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$97,754ExcessRevenueOverExpensesAmt
Net Investment Income$36,565NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$17,786CashBOYAmt
Cash EOY$29,962CashEOYAmt
Cash EOYFMV$29,962CashEOYFMVAmt
Corporate Stock BOY$498,487CorporateStockBOYAmt
Corporate Stock EOY$581,995CorporateStockEOYAmt
Corporate Stock EOYFMV$747,815CorporateStockEOYFMVAmt
Total Assets BOY$516,273TotalAssetsBOYAmt
Total Assets EOY$611,957TotalAssetsEOYAmt
Total Assets EOYFMV$777,777TotalAssetsEOYFMVAmt
Accounts Payable BOY$2,070AccountsPayableBOYAmt
Total Liabilities BOY$2,070TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$514,203NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$611,957NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$514,203TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$611,957TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$516,273TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$611,957TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$514,203TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$97,754ExcessRevenueOverExpensesAmt
Subtotal$611,957SubtotalAmt
Tot Net Ast Or Fund Balances EOY$611,957TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
79.057 AQR MGD FUT STR IP2020-12-232021-07-29$612$607$5$5
1457.288 AQR MGD FUT STR IP2021-07-29$11,275$15,378-$4,103-$4,103
240.848 BLKRCK EQ DIV IP2021-01-26$5,000$5,454-$454-$454
310.835 BLKRCK M/A INC IP2015-01-292021-01-26$3,500$3,499$1$1
2699.373 BLKRCK M/A INC IP2021-07-29$31,205$29,668$1,537$1,537
90.509 FID ADVS NEW INSIGHTS IP2015-01-292021-01-26$3,500$2,426$1,074$1,074
94.697 DEL IVY MDCP GRW IP2015-01-292021-01-26$4,000$2,239$1,761$1,761
712.589 LORD ABB S/DUR INC IP2015-01-292021-01-26$2,974$3,178-$204-$204
5409.124 LORD ABB S/DUR INC IP2021-07-29$22,692$23,714-$1,022-$1,022
23.621 T ROWE BLUE CHP GRW INVSP2015-01-292021-01-26$4,000$1,596$2,404$2,404
57.140 T ROWE BLUE CHP GRW INVSP2015-01-292021-05-24$10,000$3,860$6,140$6,140
1333.050 TEMPLE INTL BD ADVSP2021-07-29$11,424$13,538-$2,114-$2,114
244.073 VIRTUS VNTBL E/MKT IP2021-01-26$3,500$2,222$1,278$1,278
FieldValueIRS element (for citing)
Capital Gain Net Income$46,802CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$5NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$508InvestmentIncomeExciseTaxAmt
Subtotal$508SubtotalAmt
Tax Based On Investment Income$508TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$2EsPenaltyAmt
Tax Due$510TaxDueAmt

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 BooksWALKER BUXTONIndividualWithBooksNm
Phone8435772551PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WALKER BUXTON
2 COCHRAN COURTCHARLESTONSC29407DIRECTOR000.00$30,000$0$0
EDWARD BUXTON
2 COCHRAN COURTCHARLESTONSC29407SECRETARY000.00$0$0$0
DAVID P BROWN
701 EAST BAY STREET STE 410CHARLESTONSC29403TREASURER000.00$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$690,286AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$49,659AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$739,945TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$739,945AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,099CashDeemedCharitableAmt
Net Vl Noncharitable Assets$728,846NetVlNoncharitableAssetsAmt
Minimum Investment Return$36,442MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$36,442MinimumInvestmentReturnAmt
Tax Based On Investment Income$508TaxBasedOnInvestmentIncomeAmt
Total Tax$508TotalTaxAmt
Distributable Before Adj$35,934DistributableBeforeAdjAmt
Distributable Before Ded$35,934DistributableBeforeDedAmt
Distributable As Adjusted$35,934DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$14,350ExpensesAndContributionsAmt
Qualifying Distributions$14,350QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$35,934DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$5,320ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$14,497ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$2,650ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$22,467TotalExcessDistributionCyovAmt
Qualifying Distributions$14,350QualifyingDistributionsAmt
Applied To Current Year$14,350AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$21,584ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$21,584ExcessDistributionCyovAppCYAmt
Total Corpus$883TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$883ExcessDistriCyovToNextYrAmt
Excess From Year1$883ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWALKER BUXTONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8434780346RecipientPhoneNum
Recipient Email AddressWALKERPMBUXTON@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsLETTER DETAILING NEEDS AND PROPOSED USE OF FUNDSFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHARLESTON PROMISE NEIGHBORHOOD
1834 SUMMERVILLE AVE 200NORTH CHARLESTONSC29405N/AEXEMPT NPGENERAL SUPPORT$250
LOW COUNTRY RED CROSS
2424-A CITY HALL LNNORTH CHARLESTONSC29406N/AEXEMPT NPGENERAL SUPPORT$10,000
GRACE EPISCOPAL
98 WENTWORTH STCHARLESTONSC29401N/AEXEMPT NPGENERAL SUPPORT$2,500
ROPER HOSPITAL FOUNDATION
125 DOUGHTY ST STE 790CHARLESTONSC29403N/AEXEMPT NPGENERAL SUPPORT$1,500
CHARLESTON WATERKEEPER
PO BOX 29CHARLESTONSC29402N/AEXEMPT NPGENERAL SUPPORT$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,350TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,435ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$226ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$46,802ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$57,468ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$57,468TotalIncomeProducingActyAmt

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$1,550Amt
Net Investment Income$775NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockHARBOR FINANCIAL GROUP MUTUAL FUNDSStockNm
EOY Book Value$581,995EOYBookValueAmt
EOYFMV$747,815EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescLPL FINANCIALDesc
Revenue And Expenses Per Books$226RevenueAndExpensesPerBooksAmt
Net Investment Income$226NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
ADVISORY FEES$2,971$2,971
OTHER FEES$387$128
BANK FEES$60$60
PROFESSIONAL FEES$1,510$755

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
LPL FINANCIAL FOREIGN TAXES$67$67
FEDERAL TAXES$116

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