WOLTER FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: WOLTER FAMILY FOUNDATION (EIN 87-3518647)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-07-07
IRS object ID: 202541889349100709
Schema version: 2024v5.0
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
Accounting Fees Schedule
Investments Other Schedule2
Other Income Schedule2
Substantial Contributors Sch
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-07-07T13:02:55-04:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	562226954	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	LADD MCCALL & ASSOCIATES CPAS PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	18805 W CATAWBA AVE STE 102	AddressLine1Txt
City	CORNELIUS	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	280314609	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	873518647	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WOLTER FAMILY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	WOLT	BusinessNameControlTxt
Phone	7047634998	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	21201 SENLAC LANE	AddressLine1Txt
City	CORNELIUS	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28031	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KAREN WOLTER	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	7047634998	PhoneNum
Signature	2025-06-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	BARBARA G MCCALL	PreparerPersonNm
PTIN	P00182461	PTIN
Phone	7048962870	PhoneNum
Preparation	2025-06-10	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$563,075	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	$50,000	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Other Income Rev And Expnss	$34,996	OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm	$34,996	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$84,996	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Total Adj Net Incm	$34,996	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$1,180	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$1,180	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$1,280	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$2,460	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$1,180	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$50,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$25,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$52,460	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$26,180	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$32,536	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$34,996	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$27,620	CashBOYAmt
Cash EOY	$60,160	CashEOYAmt
Cash EOYFMV	$60,160	CashEOYFMVAmt
Other Investments BOY	$502,915	OtherInvestmentsBOYAmt
Other Investments EOY	$502,911	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$502,915	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$530,535	TotalAssetsBOYAmt
Total Assets EOY	$563,071	TotalAssetsEOYAmt
Total Assets EOYFMV	$563,075	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$530,535	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$563,071	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$530,535	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$563,071	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$530,535	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$563,071	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$530,535	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$32,536	ExcessRevenueOverExpensesAmt
Subtotal	$563,071	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$563,071	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	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	false	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (true)	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	CHARLES WOLTER	IndividualWithBooksNm
Phone	7047634998	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	21201 SENLAC LANE	AddressLine1Txt
City	CORNELIUS	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	28031	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
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 (2 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
KAREN WOLTER
21201 SENLAC LANE	CORNELIUS	NC	28031	PRESIDENT	000.00	$0	$0	$0
CHARLES WOLTER
21201 SENLAC LANE	CORNELIUS	NC	28031	VP	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	DAVIDSON DAY SCHOOL - CASH DONATION 9-25-24	Description1Txt
Expenses1	$25,000	Expenses1Amt
Description2	GULF COAST STATE COLLEGE ATHLETICS - CASH DONATION 5-17-24	Description2Txt
Expenses2	$10,000	Expenses2Amt
Description3	DAVIDSON DAY SCHOOL -CASH DONATION 11-21-24	Description3Txt
Expenses3	$15,000	Expenses3Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$32,417	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$502,916	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$535,333	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$535,333	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$8,030	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$527,303	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$26,365	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$26,365	MinimumInvestmentReturnAmt
Distributable Before Adj	$26,365	DistributableBeforeAdjAmt
Distributable Before Ded	$26,365	DistributableBeforeDedAmt
Distributable As Adjusted	$26,365	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$26,180	ExpensesAndContributionsAmt
Qualifying Distributions	$26,180	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$26,365	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2	$3,837	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$17,663	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$21,500	TotalExcessDistributionCyovAmt
Qualifying Distributions	$26,180	QualifyingDistributionsAmt
Applied To Current Year	$26,180	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$185	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$185	ExcessDistributionCyovAppCYAmt
Total Corpus	$21,315	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$21,315	ExcessDistriCyovToNextYrAmt
Excess From Year2	$3,652	ExcessFromYear2Amt
Excess From Year1	$17,663	ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	CHARLES WOLTER	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
DAVIDSON DAY SCHOOL
750 JETTON STREET	DAVIDSON	NC	28036	SCHOLARSHIP SUPPORT GRANT	$25,000
GULF COAST STATE COLLEGE ATHLETICS
5230 W HWY 98	PANAMA CITY	FL	32401	ATHLETICS	$10,000
DAVIDSON DAY SCHOOL
750 JETTON STREET	DAVIDSON	NC	28036	WOLTER FIELD RENOVATION PROJECT	$15,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$50,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDesc	BusinessBusinessCd	Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt	Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
GINKGO MULTIFAMILY OP LP	531110	$12,263
GINKGO MULTIFAMILY OP LP			$22,733

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$12,263	UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm	$22,733	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$34,996	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Field	Value	IRS element (for citing)
Line Number	11B	LineNumberTxt
Relationship Statement	THE NET RENTAL INCOME RECEIVED FROM THE GINKGO MULTIFAMILY OP LIMITED PARTNERSHIP IS THE PRIMARY MEANS BY WHICH THE FOUNDATION ACCOMPLISHES ITS CHARITABLE PURPOSES.	RelationshipStatementTxt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Amt	$1,180	Amt
Disbursements Charitable Prps	$1,180	DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	GINKGO MULTIFAMILY OP LP	CategoryOrItemTxt
Listed At Cost Or FMV	AT COST	ListedAtCostOrFMVCd
Book Value	$502,911	BookValueAmt
EOYFMV	$502,915	EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
GINKGO MULTIFAMILY OP LP	$12,263	$12,263
GINKGO MULTIFAMILY OP LP	$22,733	$22,733

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

Field	Value	IRS element (for citing)
Person	CHARLES WOLTER	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	21201 SENLAC LN	AddressLine1Txt
City	CORNELIUS	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	280314609	ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT TAXES/LICENSES	CategoryTxt
Amt	$1,280	Amt

WOLTER FAMILY FOUNDATION: Form 990PF, tax year 2024

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

US Address USAddress

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Comments