PEP FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- PEP FOUNDATION (EIN 22-3376822)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2022-04-06
- IRS object ID
- 202210969349102011
- Schema version
- 2020v4.0
- 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
- Schedule B
- Investments Land Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-04-06T11:28:38-07:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 223238410 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Harold V Goovaerts CPA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 504 Valley Road First Floor | AddressLine1Txt |
| City | Wayne | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07470 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223376822 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PEP FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PEPF | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 43 FRANKLIN PLACE | AddressLine1Txt |
| City | SUMMIT | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07901 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PATRICK J WELSH | PersonNm |
| Person Title | Trustee | PersonTitleTxt |
| Signature | 2021-06-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | PATRICK J | PersonFirstNm |
| Person Last | WELSH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HAROLD V GOOVAERTS CPA | PreparerPersonNm |
| PTIN | P01204124 | PTIN |
| Phone | 9736961633 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,776,915 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $862,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $494 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $494 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $494 | InterestOnSavingsAdjNetIncmAmt |
| Total Rev And Expnss | $862,494 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $494 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $494 | TotalAdjNetIncmAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $368,922 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $368,922 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $368,922 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $368,922 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Taxes Rev And Expnss | $30,438 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $30,438 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $17,172 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $17,172 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $17,172 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $306,171 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $306,171 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $722,703 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $386,094 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $386,094 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $705,531 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $722,703 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $386,094 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $386,094 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $705,531 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $139,791 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,009,810 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,172,640 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,172,640 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $7,112 | PrepaidExpensesBOYAmt |
| Invst Land Cost Or Other Basis | $604,326 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $252,107 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $369,393 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $352,219 | LandBldgInvestmentsEOYAmt |
| Land EOYFMV | $604,275 | LandEOYFMVAmt |
| Other Assets EOY | $5 | OtherAssetsEOYAmt |
| Total Assets BOY | $1,386,315 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,524,864 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,776,915 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $1,440 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $198 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,440 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $198 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $1,384,875 | CapitalStockBOYAmt |
| Capital Stock EOY | $1,524,666 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,384,875 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,524,666 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,386,315 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,524,864 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,384,875 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $139,791 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,524,666 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,524,666 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
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 | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| 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 |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUSTEES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9082771106 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 43 FRANKLIN PLACE | AddressLine1Txt |
| City | SUMMIT | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07901 | 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 |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| 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 (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| PATRICK J WELSH | ||||||
| 7 SEA COURT | VERO BEACH | FL | 32963 | Trustee | 0.00 | $0 |
| CAROL A WELSH | ||||||
| 7 SEA COURT | VERO BEACH | FL | 32963 | Trustee | 0.00 | $0 |
| TERI SUZUKI | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
| MICHELLE MOON | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
| LAUREN NAKACHI | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
| MICHELLE DEMUTH | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
| DONNA FISK | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
| SAMANTHA KANTER | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
| MICHAEL MA | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
| CHRISTOPHER MOON | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
| MARTHA SAYRE | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
| ROBY WEINREICH | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | Trustee | 0.00 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| MICHAEL McCOOK | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | EXECUTIVE DIRECTOR | 40.00 | $96,000 |
| MELISSA HORN | ||||||
| 43 FRANKLIN PLACE | SUMMIT | NJ | 07901 | DIRECTOR OF POST | 40.00 | $80,770 |
| ELIZABETH DEAN | ||||||
| 43 FRANKLIN PLACE | SUMMIT NJ | NJ | 07901 | DIRECTOR OF ACADEM | 40.00 | $73,660 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PEP INCREASES OPPORTUNITY FOR A SELECT GROUP OF MOTIVATED SUMMIT PUBLIC SCHOOL STUDENTS WITH DEMONSTRATED FINANCIAL NEEED. PEP PROVIDES TUITION ASSISTANCE FOR COLLEGE, TUTORING AND ACADEMIC ENRICHMENT, SUMMER CAMP EXPERIENCES AND OTHER SUPPORT, ENSURING THAT PARTICIPANTS ACCOMPLISH A POST SECONDARY EDUCATION AND BECOME PRODUCTIVE ADULTS. THERE ARE APPROXIMATLY 70 CHILDREN IN THE PROGRAM | Description1Txt |
| Expenses1 | $0 | Expenses1Amt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $0 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $0 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $0 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $0 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $705,531 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $705,531 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $705,531 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Qualifying Distributions | $705,531 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Remaining Distri From Corpus | $705,531 | RemainingDistriFromCorpusAmt |
| Total Corpus | $705,531 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $705,531 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $705,531 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | PEP FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 43 FRANKLIN PLACE | AddressLine1Txt |
| City | SUMMIT | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Email Address | www.pepprogramnj.org | RecipientEmailAddressTxt |
| Form And Info And Materials | WRITE OR E-MAIL TO RECEIVE INFORMATION AS TO WHAT FORMAT REQUEST MUST BE SUBMITTED | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $494 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $494 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $494 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | WELSH FAMILY FOUNDATION | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7 SEA COURT | AddressLine1Txt |
| City | VERO BEACH | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32963 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $862,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| Buildings | $509,826 | $252,107 | $257,719 |
| Land | $94,500 | $94,500 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rounding | Desc |
| EOY Book Value | $5 | EOYBookValueAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (30 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| BUILDING AND GROUNDS MAINTENANCE | $14,929 | $14,929 |
| CLEANING | $12,567 | $12,567 |
| COLLEGE SUPPORT | $1,206 | $1,206 |
| COPIER RENTAL | $3,619 | $3,619 |
| DUES AND MEMBERSHIPS | $463 | $463 |
| EMPLOYEE FRINGE BENEFITS | $4,139 | $4,139 |
| EMPLOYER SIMPLE IRA CONTRIBUTION | $9,109 | $9,109 |
| EVALUATIONS | $700 | $700 |
| EVENTS FOR KIDS | $5,743 | $5,743 |
| GOVERNANCE | $143 | $143 |
| HEALTH INSURANCE | $37,601 | $37,601 |
| INSURANCE | $17,801 | $17,801 |
| MISCELLANEOUS | $25 | $25 |
| MISCELLANEOUS YEAR ROUND COSTS | $336 | $336 |
| OFFICE AND COMPUTER SUPPLIES AND EXPENSE | $7,633 | $7,633 |
| OUTSIDE BOOKKEEPING SERVICE | $8,434 | $8,434 |
| PAYROLL SERVICE BUREAU AND BANK CHARGES | $7,918 | $7,918 |
| PROGRAMS FOR KIDS | $7,257 | $7,257 |
| SNACKS AND MEALS FOR KIDS | $5,257 | $5,257 |
| SPOT RECOGNITION | $1,184 | $1,184 |
| STAFF PROFESSIONAL DEVELOPMENT | $537 | $537 |
| STUDENT FIELD TRIPS | $5,044 | $5,044 |
| SUMMER CAMP FOR KIDS | $2,236 | $2,236 |
| SUMMER ENRICHMENT TUTORS | $16,850 | $16,850 |
| TECHNOLOGY | $10,316 | $10,316 |
| TELEPHONE AND INTERNET | $6,120 | $6,120 |
| TRANSPORTATION COSTS | $2,315 | $2,315 |
| TUITION ASSISTANCE | $113,360 | $113,360 |
| UTILITIES | $3,205 | $3,205 |
| VAN EXPENSES | $124 | $124 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| SIMPLE SEP PAYABLE | $770 | $198 |
| PAYROLL TAXES PAYABLE | $670 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PAYROLL TAXES | CategoryTxt |
| Amt | $30,438 | Amt |
| Disbursements Charitable Prps | $30,438 | DisbursementsCharitablePrpsAmt |
Comments