WAHOOS FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
WAHOOS FAMILY FOUNDATION (EIN 45-0472265)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-04-28
IRS object ID
202241189349100219
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)
Return2022-04-28T09:10:27-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN330212086PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RM White & AssociatesBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line123 Corporate Plaza Dr Suite 150AddressLine1Txt
CityNewport BeachCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92660ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN450472265EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Wahoos Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWAHOBusinessNameControlTxt
Phone9492220670PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11185 Warner AvenueAddressLine1Txt
CityTustinCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92780ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRENATO LEEPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-04-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRENATOPersonFirstNm
Person LastLEEPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRichard WhitePreparerPersonNm
PTINP00116481PTIN
Phone9494747012PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$1,332,027FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$719InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$719InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$719InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$19,458DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,458DividendsNetInvstIncmAmt
Dividends Adj Net Incm$19,458DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$83,368NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$204,635GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$83,369CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$7,824NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$103,545TotalRevAndExpnssAmt
Total Net Invst Incm$103,546TotalNetInvstIncmAmt
Total Adj Net Incm$28,001TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$820AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$820AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$9,677OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$9,677OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$322TaxesRevAndExpnssAmt
Taxes Net Invst Incm$322TaxesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$244TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$244TravConfMeetingNetInvstIncmAmt
Other Expenses Rev And Expnss$1,828OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,828OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$12,891TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$12,891TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$65,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$65,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$78,391TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$12,891TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$65,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$25,154ExcessRevenueOverExpensesAmt
Net Investment Income$90,655NetInvestmentIncomeAmt
Adjusted Net Income$28,001AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$31,020CashBOYAmt
Cash EOY$1,634CashEOYAmt
Corporate Stock BOY$630,289CorporateStockBOYAmt
Corporate Stock EOY$703,714CorporateStockEOYAmt
Corporate Stock EOYFMV$1,325,551CorporateStockEOYFMVAmt
Corporate Bonds BOY$10,812CorporateBondsBOYAmt
Corporate Bonds EOY$4,989CorporateBondsEOYAmt
Corporate Bonds EOYFMV$5,694CorporateBondsEOYFMVAmt
Other Investments BOY$578OtherInvestmentsBOYAmt
Other Investments EOY$307OtherInvestmentsEOYAmt
Other Investments EOYFMV$782OtherInvestmentsEOYFMVAmt
Total Assets BOY$672,699TotalAssetsBOYAmt
Total Assets EOY$710,644TotalAssetsEOYAmt
Total Assets EOYFMV$1,332,027TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$672,699NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$710,644NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$672,699TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$710,644TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$672,699TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$710,644TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$672,699TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$25,154ExcessRevenueOverExpensesAmt
Other Increases$12,791OtherIncreasesAmt
Subtotal$710,644SubtotalAmt
Tot Net Ast Or Fund Balances EOY$710,644TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
CHARLES SCHWABP2021-01-012021-12-31$36,699$28,465$8,234$8,234
CHARLES SCHWABP2021-01-012021-12-31$16,231$16,642-$411-$411
CHARLES SCHWABP2001-01-012021-12-31$151,705$76,160$75,545$75,545
Wash Sale$1
FieldValueIRS element (for citing)
Capital Gain Net Income$83,369CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$7,824NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,260InvestmentIncomeExciseTaxAmt
Subtotal$1,260SubtotalAmt
Tax Based On Investment Income$1,260TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,000TotalPaymentsAndCreditsAmt
Overpayment$740OverpaymentAmt
Applied To ES Tax$740AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1RENATO LEEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9492220670PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11185 Warner AvenueAddressLine1Txt
CityTustinCityNm
State AbbreviationCAStateAbbreviationCd
ZIP927806458ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
EDUARDO LEE
2855 PULLMAN STREETSANTA ANACA92705Director1.00$0
RENATO LEE
2855 PULLMAN STREETSANTA ANACA92705Director2.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE ENTITY ONLY EXISTS TO FURTHER THE WORK OF OTHERQUALIFIED NON-PROFIT 501(C)(3) ORGANIZATIONS AND DOES NOT CONDUCT AY OF ITS OWN ACTIVITIES.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$1,260TaxBasedOnInvestmentIncomeAmt
Total Tax$1,260TotalTaxAmt
Distributable Before Adj$1,260DistributableBeforeAdjAmt
Distributable Before Ded$1,260DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$65,500ExpensesAndContributionsAmt
Qualifying Distributions$65,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$15,580ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$710ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$15,594ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$930ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$51,100ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$83,914TotalExcessDistributionCyovAmt
Qualifying Distributions$65,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$65,500RemainingDistriFromCorpusAmt
Total Corpus$149,414TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$15,580ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$133,834ExcessDistriCyovToNextYrAmt
Excess From Year4$710ExcessFromYear4Amt
Excess From Year3$15,594ExcessFromYear3Amt
Excess From Year2$930ExcessFromYear2Amt
Excess From Year1$51,100ExcessFromYear1Amt
Excess From Current Year$65,500ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THOMAS HOUSE FAMILY SHELTER
PO BOX 2737GARDEN GROVECA92842PCFUND ONGOING SERVICES FOR NEEDS$25,000
WAHOO'S SCHOLARSHIP
2855 PULLMAN STREETSANTA ANACA92705VARIOUSSCHOOL FUND ONGOING SERVICES FOR NEEDS$38,000
Thomas House Shelter
PO Box 2737Garden GroveCA92842FUND ONGOING SERVICES FOR NEEDS$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$65,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$719ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,458ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$83,368RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$20,177ExclusionAmt
Related Or Exempt Function Incm$83,368RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$103,545TotalIncomeProducingActyAmt

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)
Category2CategoryTxt
Amt$820Amt
Net Investment Income$820NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOFFICE SUPPLIESDesc
Revenue And Expenses Per Books$1,828RevenueAndExpensesPerBooksAmt
Net Investment Income$1,828NetInvestmentIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescOther increasesDesc
Amt$12,791Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADR Fees$25$25$0$0
Investment Advisory Fees$9,652$9,652$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTaxesCategoryTxt
Amt$322Amt
Net Investment Income$322NetInvestmentIncomeAmt

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