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CBIS FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
CBIS FOUNDATION INC (EIN 20-3362453)
Tax period
2021-07-01 to 2022-06-30
Filed
2022-09-19
IRS object ID
202242629349100659
Schema version
2021v4.2
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)
Return2022-09-19T06:27:51-00:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN460696895PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203362453EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CBIS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCBISBusinessNameControlTxt
Phone2127852610PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o L WOLLIN 124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLONNIE WOLLINPersonNm
Person TitleSECRETARYPersonTitleTxt
Phone2127852610PhoneNum
Signature2022-09-19SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLONNIEPersonFirstNm
Person LastWOLLINPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLONNIE WOLLINPreparerPersonNm
PTINP01282474PTIN
Phone2016936666PhoneNum
Preparation2022-09-19PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
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$3,184,493FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$2,099DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,099DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$73NetGainSaleAstRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss-$77,294OtherIncomeRevAndExpnssAmt
Total Rev And Expnss-$75,268TotalRevAndExpnssAmt
Total Net Invst Incm$2,099TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,505AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$390OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,920TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$300,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$300,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$303,920TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$300,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$379,188ExcessRevenueOverExpensesAmt
Net Investment Income$2,099NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$77,811CashBOYAmt
Cash EOY$73,891CashEOYAmt
Cash EOYFMV$73,891CashEOYFMVAmt
Corporate Stock BOY$3,310,685CorporateStockBOYAmt
Corporate Stock EOY$2,935,417CorporateStockEOYAmt
Corporate Stock EOYFMV$3,110,602CorporateStockEOYFMVAmt
Total Assets BOY$3,388,496TotalAssetsBOYAmt
Total Assets EOY$3,009,308TotalAssetsEOYAmt
Total Assets EOYFMV$3,184,493TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,388,496RetainedEarningBOYAmt
Retained Earning EOY$3,009,308RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,388,496TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,009,308TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,388,496TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,009,308TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,388,496TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$379,188ExcessRevenueOverExpensesAmt
Subtotal$3,009,308SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,009,308TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyMPLX LP K-1PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2020-02-15AcquiredDt
Sold2022-06-30SoldDt
Cost Or Other Basis$73CostOrOtherBasisAmt
Gain Or Loss-$73GainOrLossAmt
Gains Minus Excess Or Losses-$73GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$73CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$29InvestmentIncomeExciseTaxAmt
Subtotal$29SubtotalAmt
Tax Based On Investment Income$29TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,439EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,439TotalPaymentsAndCreditsAmt
Original Return Tax Paid$3,439OriginalReturnTaxPaidAmt
Overpayment$3,410OverpaymentAmt
Applied To ES Tax$3,410AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
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
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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 Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2018168404PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
BUDGE COLLINS
611 Fair StreetFranklinTN37064PRES/DIR001.00$0
CAROL COLLINS
611 Fair StreetFranklinTN37064VP/DIR003.00$0
LONNIE WOLLIN
124 PROSPECT STRIDGEWOODNJ07450SECY/TREAS001.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,860,407AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$74,717AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,935,124TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,935,124AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$44,027CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,891,097NetVlNoncharitableAssetsAmt
Minimum Investment Return$144,555MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$144,555MinimumInvestmentReturnAmt
Tax Based On Investment Income$29TaxBasedOnInvestmentIncomeAmt
Total Tax$29TotalTaxAmt
Distributable Before Adj$144,526DistributableBeforeAdjAmt
Distributable Before Ded$144,526DistributableBeforeDedAmt
Distributable As Adjusted$144,526DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$300,000ExpensesAndContributionsAmt
Qualifying Distributions$300,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$144,526DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$25,573ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$31,888ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$273,221ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$330,682TotalExcessDistributionCyovAmt
Qualifying Distributions$300,000QualifyingDistributionsAmt
Applied To Current Year$144,526AppliedToCurrentYearAmt
Remaining Distri From Corpus$155,474RemainingDistriFromCorpusAmt
Total Corpus$486,156TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$486,156ExcessDistriCyovToNextYrAmt
Excess From Year3$25,573ExcessFromYear3Amt
Excess From Year2$31,888ExcessFromYear2Amt
Excess From Year1$273,221ExcessFromYear1Amt
Excess From Current Year$155,474ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBUDGE COLLINSContributingManagerNm
Contributing ManagerCAROL COLLINSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Church of the CityBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1828 Murfreesboro RdAddressLine1Txt
CityFranklinCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37064ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation Statuspublic charityRecipientFoundationStatusTxt
Grant Or Contribution PurposeReligiousGrantOrContributionPurposeTxt
Amt$300,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$300,000TotalGrantOrContriPdDurYrAmt

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)
CategoryWOLLIN NEUSCHATZ, INCCategoryTxt
Amt$3,505Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MPLX LP$195,228$370,759
SANUWAVE HEALTH$1,603$1,257
SCHWAB- XXX-2945$2,738,586$2,738,586

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescDELAWARE REP FEEDesc
Revenue And Expenses Per Books$390RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescMPLX LP ORDINARY LOSSDesc
Revenue And Expenses Per Books-$77,294RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryDelaware Franchise TaxCategoryTxt
Amt$25Amt

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