THE WAYNE AND JOAN WEBBER FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- THE WAYNE AND JOAN WEBBER FOUNDATION (EIN 38-3390733)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-04
- IRS object ID
- 202223089349101642
- 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
- Form 990-PF
- Schedule B
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-04T14:30:08-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 WEST BIG BEAVER SUITE 600 | AddressLine1Txt |
| City | TROY | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48084 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383390733 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wayne and Joan Webber Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % COLLEEN MAEDEL | InCareOfNm |
| Business Name Control | WAYN | BusinessNameControlTxt |
| Phone | 5864653800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44710 Morley Drive | AddressLine1Txt |
| City | Clinton Township | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48036 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CYNTHIA HELISEK | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5464653800 | PhoneNum |
| Signature | 2022-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | CYNTHIA | PersonFirstNm |
| Person Last | HELISEK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ASTRID BRAEUER | PreparerPersonNm |
| PTIN | P00328071 | PTIN |
| Phone | 2483622100 | PhoneNum |
| Preparation | 2022-10-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | 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 | $40,483,213 | 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 | $5,119,597 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $738,008 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $738,008 | DividendsNetInvstIncmAmt |
| Net Rental Income Or Loss | $568,244 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $2,801,146 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,108,861 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,801,146 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $616,997 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $616,997 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $9,275,748 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,156,151 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $195,918 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $50,228 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $145,690 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $21,947 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $21,947 | LegalFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $298,412 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $117,935 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $10,477 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $233,769 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $230,118 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,651 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $750,046 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $398,281 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $181,765 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $7,358,867 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,358,867 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,108,913 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $398,281 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $7,540,632 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,166,835 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,757,870 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $0 | CashBOYAmt |
| Cash EOY | $0 | CashEOYAmt |
| Cash EOYFMV | $0 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,501,359 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $831,114 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $831,114 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $12,549 | AcctRcvblAmt |
| Acct Rcvbl BOY | $13,087 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $12,549 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $12,549 | AcctRcvblEOYFMVAmt |
| Inventories BOY | $32,526 | InventoriesBOYAmt |
| Inventories EOY | $34,160 | InventoriesEOYAmt |
| Inventories EOYFMV | $34,160 | InventoriesEOYFMVAmt |
| US Government Obligations BOY | $2,711,091 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,990,927 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,992,042 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $10,236,695 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,805,899 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $18,268,586 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $10,266,064 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $9,918,852 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $10,015,695 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $4,282,792 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $4,616,948 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $5,329,067 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $4,748,259 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $4,748,259 | LandBOYAmt |
| Land EOY | $4,748,259 | LandEOYAmt |
| Land EOYFMV | $3,000,000 | LandEOYFMVAmt |
| Total Assets BOY | $33,791,873 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,958,708 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $40,483,213 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $33,791,873 | RetainedEarningBOYAmt |
| Retained Earning EOY | $34,958,708 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $33,791,873 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $34,958,708 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $33,791,873 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $34,958,708 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $33,791,873 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,166,835 | ExcessRevenueOverExpensesAmt |
| Subtotal | $34,958,708 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $34,958,708 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (12 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| SHORT TERM CAPITAL GAINS | 2021-01-01 | 2021-12-31 | $437,822 | $442,665 | -$4,843 | -$4,843 | |
| LONG TERM CAPITAL GAINS | 2020-01-01 | 2021-12-31 | $3,606,677 | $3,487,970 | $118,707 | $118,707 | |
| K-1 PASS-THROUGH SIGULER GUFF | 2020-01-01 | 2021-12-31 | $97,130 | $97,130 | $97,130 | ||
| US REAL PROPERTY | 2020-01-01 | 2021-12-31 | $43,448 | $43,448 | $43,448 | ||
| MORLEY RD RENTAL PROPERTY | 2005-03-01 | 2021-08-24 | $7,201,188 | $5,119,597 | $2,081,591 | $2,081,591 | |
| SIGULER GUFF SALE OF INVESTMENT | 2020-01-01 | 2021-12-31 | $348,234 | $257,483 | $90,751 | $90,751 | |
| CAPITAL GAIN DIVIDENDS | $374,362 | P | |||||
| CAPITAL GAIN DIVIDENDS | $374,362 | P | |||||
| CAPITAL GAIN DIVIDENDS | $374,362 | P | |||||
| CAPITAL GAIN DIVIDENDS | $374,362 | P | |||||
| CAPITAL GAIN DIVIDENDS | $374,362 | P | |||||
| CAPITAL GAIN DIVIDENDS | $374,362 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,801,146 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $52,234 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $52,234 | SubtotalAmt |
| Tax Based On Investment Income | $52,234 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $62,089 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $62,089 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $32 | EsPenaltyAmt |
| Overpayment | $9,823 | OverpaymentAmt |
| Applied To ES Tax | $9,823 | AppliedToESTaxAmt |
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 | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| 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 | COLLEEN MAEDEL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5864653800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44710 MORLEY DRIVE | AddressLine1Txt |
| City | CLINTON TOWNSHIP | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48036 | 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 | Yes (true) | 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 (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DAVID LARSEN | ||||||||
| 44710 Morley Drive | Clinton Township | MI | 48036 | SECRETARY/TREASURER | 5.0 | $60,918 | $0 | $0 |
| CYNTHIA HELISEK | ||||||||
| 44710 Morley Drive | Clinton Township | MI | 48036 | PRESIDENT/DIRECTOR | 40.0 | $135,000 | $0 | $0 |
| DEMETRIOS PAPAGEORGIOU | ||||||||
| 44710 Morley Drive | Clinton Township | MI | 48036 | DIRECTOR | 5.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $38,841,438 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,345,551 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $40,186,989 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $40,186,989 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $602,805 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $39,584,184 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,979,209 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,979,209 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $52,234 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $52,234 | TotalTaxAmt |
| Distributable Before Adj | $1,926,975 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,926,975 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,926,975 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $7,540,632 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $7,540,632 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,926,975 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,492,405 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,001,758 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,301,113 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,891,929 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $148,085 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $5,835,290 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $7,540,632 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $1,926,975 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,613,657 | RemainingDistriFromCorpusAmt |
| Total Corpus | $11,448,947 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,492,405 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $9,956,542 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,001,758 | ExcessFromYear4Amt |
| Excess From Year3 | $1,301,113 | ExcessFromYear3Amt |
| Excess From Year2 | $1,891,929 | ExcessFromYear2Amt |
| Excess From Year1 | $148,085 | ExcessFromYear1Amt |
| Excess From Current Year | $5,613,657 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | WAYNE AND JOAN WEBBER | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| WIGS 4 KIDS | ||||||||
| 30126 HARPER | ST CLAIR SHORES | MI | 48082 | NONE | PC | GENERAL | $26,500 | |
| BEYOND BASICS | ||||||||
| 18000 WEST NINE MILE ROAD | SOUTHFIELD | MI | 48075 | NONE | PC | TUTORING | $1,150,000 | SUITE 515 |
| SALVATION ARMY | ||||||||
| 16130 NORTHLAND DRIVE | SOUTHFIELD | MI | 48076 | NONE | SO I | GENERAL | $100,000 | |
| BENZIE AREA CHRISTIAN NEIGHBORS | ||||||||
| 2804 BENZIE HIGHWAY | BENZONIA | MI | 49616 | NONE | PC | FOOD PANTRY | $520,000 | PO BOX 93 |
| FIRST WORD SOCIETYWILLIAM BEAUMONT HOSPITAL | ||||||||
| 3501 W THIRTEEN MILE ROAD | ROYAL OAK | MI | 48073 | NONE | PC | SCHOLARSHIPS | $30,000 | |
| BENZIE COUNTY COAT DRIVE | ||||||||
| VARIOUS ELEMENTARY SCHOOLS | Honor | MI | 49640 | NONE | PC | COATS, BOOTS, HATS, GLOVES, AND SOCKS | $34,482 | 11434 Main Street |
| MISC GIFTS UNDER 1000 | ||||||||
| VARIOUS | VARIOUS | MI | 48036 | NONE | PC | GENERAL | $15,685 | |
| CAPUCHINS SOUP KITCHEN | ||||||||
| 1820 MT ELLIOTT | DETROIT | MI | 48207 | NONE | PC | GENERAL | $25,000 | |
| MACOMB CHARITABLE FOUNDATION | ||||||||
| 18215 24 MILE ROAD | MACOMB | MI | 48042 | NONE | PC | GENERAL | $10,000 | |
| ST MARY'S QUEEN OF CREATION | ||||||||
| 50931 MARIA STREET | NEW BALTIMORE | MI | 48047 | NONE | PC | FOOD PANTRY AND GENERAL | $15,200 | |
| LOYOLA HIGH SCHOOL | ||||||||
| 15325 PINEHURST | DETROIT | MI | 48023 | NONE | PC | FUNDS FOR TEACHER SALARIES AND BENEFITS | $25,000 | |
| DETROIT INSTITUTE OF ARTS | ||||||||
| 5200 WOODWARD AVE | DETROIT | MI | 48202 | NONE | PC | GENERAL | $5,050,000 | |
| WOUNDED WARRIOR PROJECT | ||||||||
| PO BOX 758517 | TOPEKA | KS | 66675 | NONE | PC | GENERAL | $2,000 | |
| Munson Hospital | ||||||||
| 210 Beaumont Place | Traverse City | MI | 49684 | NONE | PC | Electrophysiology Lab | $100,000 | |
| Dewayne R Hayes Foundation | ||||||||
| 1300 East Lafayette Unit 2810 | Detroit | MI | 48207 | NONE | PC | General | $5,000 | |
| St Jude's Children's Research Hospital | ||||||||
| 262 Danny Thomas Place | Memphis | TN | 38105 | Public | PC | General | $50,000 | |
| Shriner's Hospital for Children | ||||||||
| 2900 Rock Point Drive | Tampa | FL | 33607 | NONE | PC | General | $25,000 | |
| GESU CATHOLIC SCHOOL | ||||||||
| 17139 OAK DRIVE | DETROIT | MI | 48221 | NONE | PC | COVID RELIEF | $25,000 | |
| LIVING WATER | ||||||||
| 4001 GREENBRIAR DRIVE | STAFFORD | TX | 77477 | NONE | PC | HAITI RELIEF | $25,000 | |
| POPE FRANCIS CENTER | ||||||||
| 438 SAINT ANTOINE | DETROIT | MI | 48226 | NONE | PC | GENERAL | $5,000 | |
| VIETNAM VETERANS OF AMERICA | ||||||||
| 2951 WOODWARD AVE | DETROIT | MI | 48201 | NONE | PC | GENERAL | $5,000 | |
| NEW DAY FOUNDATION | ||||||||
| 49 Macomb Place Suite 28 | Mt Clemens | MI | 48043 | NONE | PC | GENERAL | $5,000 | |
| WERTZ WARRIORS | ||||||||
| 45808 Lookout Drive | Macomb Township | MI | 48044 | NONE | PC | GENERAL | $10,000 | |
| RACQUET UP DETROIT | ||||||||
| PO Box 11404 | Detroit | MI | 48211 | NONE | PC | GENERAL | $50,000 | |
| Immaculate Conception School | ||||||||
| 7043 CHURCH ROAD | FAIR HAVEN | MI | 48023 | NONE | PC | SCHOLARSHIPS | $25,000 | |
| MOUNT CLEMENS FOUNDATION | ||||||||
| 49 MACOMB PLACE | MT CLEMENS | MI | 48043 | PC | FIREWORKS | $20,000 | SUITE 28 | |
| YASH GANDHI FOUNDATION | ||||||||
| 150 SPUR LANE | WEST CHESTER | PA | 19382 | PC | GENERAL | $5,000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,358,867 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $738,008 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp |
Net Rental Income Personal Prop NetRentalIncomePersonalPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $568,244 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,801,146 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| ROYALTY INCOME | 15 | $19 |
| OTHER INCOME | 18 | $48,734 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4,156,151 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,156,151 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| WEBBER DEVELOPMENT LLC | ||||||
| 1 | 44710 MORLEY DR | CLINTON TOWNSHIP | MI | 48036 | $3,687,579 | Yes (X) |
| Webber Development LLC | ||||||
| 2 | 44710 MORLEY DR | clinton township | MI | 48036 | $1,431,968 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 44570-44682 MORLEY DRIVE | $4,500,000 | 2021-05-03 |
| 2 | 44875-44955 MORLEY DRIVE | $2,045,000 | 2021-05-03 |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GOLDMAN SACHS ADV | $3,093,607 | $3,089,005 |
| GOLDMAN SACHS GOVE/CORP FI | $5,642,872 | $5,681,163 |
| GS PREF SEC | $1,182,373 | $1,245,527 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GOLDMAN SACHS ADV | $10,503,979 | $16,188,532 |
| GOLDMAN SACHS BRKG II | ||
| FIERA | $1,301,920 | $2,080,054 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,990,927 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,992,042 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INVESTMENT IN SIGULAR GUFF | ||
| GOLDMAN SACHS ADV | $2,650,470 | $2,776,805 |
| GOLDMAN SACHS BRKG II | $1,966,478 | $2,552,262 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL/OTHER PROFESSIONAL FEES | CategoryTxt |
| Legal Fees | $21,947 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $21,947 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| OFFICE EXPENSE | $3,651 | $3,651 | |
| OTHER PORTFOLIO DEDUCTIONS | $20,695 | $20,695 | |
| CUSTODIAN FEES | $129,053 | $129,053 | |
| AMORTIZATION EXPENSE | $21,056 | $21,056 | |
| INSURANCE EXPENSE | $19,718 | $19,718 | |
| OTHER EXPENSES | $25,332 | $25,332 | |
| RENTAL PROPERTY EXPENSES | $14,247 | $14,247 | |
| OTHER EXPENSES | $17 | $17 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Other Rental Income | $568,244 | $568,244 |
| ROYALTY INCOME | $19 | $19 |
| Dividends from K-1s | $41,830 | $41,830 |
| Interest from K-1s | $6,711 | $6,711 |
| Other Income- 988 Contract | $100 | $100 |
| Other Portfolio Income | $93 | $93 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN PAYABLE | Desc |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $2,268 | $2,268 | |
| PAYROLL TAXES | $10,477 | $10,477 | |
| PROPERTY TAXES | $115,667 | $115,667 | |
| FEDERAL INCOME TAX EXPENSE | $170,000 | $0 | $0 |
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