RICHARD F WEAVER AND JANICE FWEAVER EDUCATIONAL TRUST INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
RICHARD F WEAVER AND JANICE FWEAVER EDUCATIONAL TRUST INC (EIN 20-8486438)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-07-12
IRS object ID
202111939349100621
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 ReturnHeader

FieldValueIRS element (for citing)
Return2021-07-12T14:20:12-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN352033176PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FRY TROWBRIDGE & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1800 SOUTH DETROIT STREETAddressLine1Txt
CityLAGRANGECityNm
State AbbreviationINStateAbbreviationCd
ZIP46761ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208486438EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICHARD F WEAVER & JANICE F WEAVERBusinessNameLine1Txt
Business Name Line2EDUCATIONAL TRUST INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRICHBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14875 E 640 SAddressLine1Txt
CityWOLCOTTVILLECityNm
State AbbreviationINStateAbbreviationCd
ZIP46795ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLYNN WEAVERPersonNm
Person TitlePRESIDENT/TREASURERPersonTitleTxt
Signature2021-06-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLYNNPersonFirstNm
Person LastWEAVERPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMBER L TAYLOR CPA CFPPreparerPersonNm
PTINP00233905PTIN
Phone2604632390PhoneNum
Preparation2021-06-24PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,274,219FMVAssetsEOYAmt
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$86InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$86InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$86InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$56,610DividendsRevAndExpnssAmt
Dividends Net Invst Incm$56,610DividendsNetInvstIncmAmt
Dividends Adj Net Incm$56,610DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$43,759NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$377,904GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$30,561CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$100,455TotalRevAndExpnssAmt
Total Net Invst Incm$87,257TotalNetInvstIncmAmt
Total Adj Net Incm$56,696TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,500AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$24,851OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$24,851OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$15OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$26,366TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$26,366TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$89,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$89,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$115,366TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$26,366TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$89,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$14,911ExcessRevenueOverExpensesAmt
Net Investment Income$60,891NetInvestmentIncomeAmt
Adjusted Net Income$56,696AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$120,970CashBOYAmt
Cash EOY$130,305CashEOYAmt
Cash EOYFMV$130,305CashEOYFMVAmt
Corporate Stock BOY$2,877,718CorporateStockBOYAmt
Corporate Stock EOY$3,143,914CorporateStockEOYAmt
Corporate Stock EOYFMV$3,143,914CorporateStockEOYFMVAmt
Total Assets BOY$2,998,688TotalAssetsBOYAmt
Total Assets EOY$3,274,219TotalAssetsEOYAmt
Total Assets EOYFMV$3,274,219TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,998,688NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$3,274,219NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,998,688TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,274,219TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,998,688TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,274,219TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,998,688TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$14,911ExcessRevenueOverExpensesAmt
Other Increases$290,442OtherIncreasesAmt
Subtotal$3,274,219SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,274,219TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$30,561CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$846InvestmentIncomeExciseTaxAmt
Subtotal$846SubtotalAmt
Tax Based On Investment Income$846TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,200EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,200TotalPaymentsAndCreditsAmt
Overpayment$354OverpaymentAmt
Applied To ES Tax$354AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateKYOrgReportOrRegisterStateCd
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
Individual With BooksLYNN WEAVERIndividualWithBooksNm
Phone2604034671PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14875 E 640 SAddressLine1Txt
CityWOLCOTTVILLECityNm
State AbbreviationINStateAbbreviationCd
ZIP46795ZIPCd
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
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LYNN WEAVER
4875 E 640 SWOLCOTTVILLEIN46795PRESIDENT/TR10.00$0$0$0
VIRGINIA WATERS
C/O 4875 E 640 SWOLCOTTVILLEIN46795VICE PRESIDE000.00$0$0$0
LAURA JOYNER
4875 E 640 SWOLCOTTVILLEIN46795SECRETARY000.00$0$0$0
LAURA WEAVER
C/O 4875 E 640 SWOLCOTTVILLEIN46795DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,844,838AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$127,633AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,972,471TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,972,471AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$44,587CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,927,884NetVlNoncharitableAssetsAmt
Minimum Investment Return$146,394MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$146,394MinimumInvestmentReturnAmt
Tax Based On Investment Income$846TaxBasedOnInvestmentIncomeAmt
Total Tax$846TotalTaxAmt
Distributable Before Adj$145,548DistributableBeforeAdjAmt
Distributable Before Ded$145,548DistributableBeforeDedAmt
Distributable As Adjusted$145,548DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$89,000ExpensesAndContributionsAmt
Qualifying Distributions$89,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$89,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$145,548DistributableAsAdjustedAmt
Undistributed Income PY$86,767UndistributedIncomePYAmt
Qualifying Distributions$89,000QualifyingDistributionsAmt
Applied To Year1$86,767AppliedToYear1Amt
Applied To Current Year$2,233AppliedToCurrentYearAmt
Undistributed Income CY$143,315UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MURRAYCALLOWAY HOSPITAL
803 POPLAR STMURRAYKY42071CANCER HOSPITAL$25,000
MURRAY STATE UNIVERSITY RIFLE TEAM
200 SPARKS HALLMURRAYKY42071RENOVATION RIFLE RANGE$21,500
MURRAY CALLOWAY ENDOWMENT FOR HEALT
803 POPLAR STMURRAYKY42071MUSIC & MEMORY EXPANSION OF PROGRAM$5,500
MURRAY STATE UNIVERSITY
200 SPARKS HALLMURRAYKY42071GOLF PROGRAM$1,000
ROTARY FOUNDATION
926 S 12TH STMURRAYKY42071DICK WEAVER SCHOLARSHIP$5,000
AMERICAN LEGION POST 73
310 BEE CREEK DRIVEMURRAYKY42071POST SUPPORT$1,000
PLEASANT HILL CEMETERY FUND
1150-1200 LATTA ROADFULTONKY42041GARNETT BEATTY MEMORIAL$5,000
WESTERN KENTUCKY COMMUNITY FOUNDATI
333 BROADWAY STPADUCAHKY42001COMMUNITY FUND$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$114,000TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MURRAYCALLOWAY HOSPITALBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1803 POPLAR STAddressLine1Txt
CityMURRAYCityNm
State AbbreviationKYStateAbbreviationCd
ZIP42071ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCANCER HOSPITALGrantOrContributionPurposeTxt
Amt$25,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$25,000TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$86RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$56,610RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$43,759RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$100,455RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$100,455TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,500Amt
Net Investment Income$1,500NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (20 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmtAcquiredAcquiredDt
BOND FUND OF AMERICAPURCHASE2020-02$669$673-$4
DFA US CO EQ 2PURCHASE2020-09$6,288$6,364-$76
DFA 1 YR FXD INCPURCHASE2020-09$750$750
DFA INVT GRD 1PURCHASE2020-07$2,113$2,013$100
DFA GLB RL EST SEC 1PURCHASE2020-09$1,652$1,886-$234
GRW OF AMER F2PURCHASE2020-12$12,501$12,427$74
INTRM BD AMERPURCHASE2020-03$479$478$12020-03
MFS GRW 1PURCHASE2020-07$208$195$132020-07
BOND FD OF AMER F2PURCHASE2020-06$39,509$36,088$3,421
DFA US COR EQ 2PURCHASE2020-09$10,466$10,685-$2192018-09
DFA 1 YR FXD INCPURCHASE2020-09$12,785$12,733$52
DFA GLB FXD INC 1PURCHASE2020-09$22,347$22,407-$60
DFA INVT GRD 1PURCHASE2020-07$5,917$5,208$709
DFA GLB RL EST SEC 1PURCHASE2020-09$8,869$9,902-$1,0332018-07
GRW OF AMER F2PURCHASE2020-12$40,469$33,653$6,816
INTRM BD AMER F2PURCHASE2020-03$66,927$63,959$2,968
INVT CO OF AMER F2PURCHASE2020-08$59,776$62,664-$2,888
MFS MDCP VAL 1PURCHASE2020-12$22,096$21,239$857
MFS GRW 1PURCHASE2020-07$12,975$10,305$2,670
SMALLCAP WRLD F2PURCHASE2020-06$20,547$20,516$31

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockLPL MUTUAL FUNDSStockNm
EOY Book Value$3,143,914EOYBookValueAmt
EOYFMV$3,143,914EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
FILING FEES KENTUCKY$15$15

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescAPPRECIATION OF STOCK PORTFOLIODesc
Amt$290,442Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryASSET MANAGEMENT FEES - LPLCategoryTxt
Amt$24,851Amt
Net Investment Income$24,851NetInvestmentIncomeAmt

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