THE WILLIAM F WELCH AND LORENE W WELCH FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE WILLIAM F WELCH AND LORENE W WELCH FOUNDATION (EIN 83-6033434)
- Tax period
- 2019-09-01 to 2020-08-31
- Filed
- 2021-03-01
- IRS object ID
- 202120609349100802
- Schema version
- 2019v5.0
- 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 Corp Stock Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-03-01T09:12:33-06:00 | ReturnTs |
| Tax Period End | 2020-08-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 830232295 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOHATT JOHNSON & GODWIN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 603 | AddressLine1Txt |
| City | SHERIDAN | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 828010603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-09-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 836033434 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM F WELCH & | BusinessNameLine1Txt |
| Business Name Line2 | LORENE W WELCH FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WILL | BusinessNameControlTxt |
| Phone | 3076741770 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX J | AddressLine1Txt |
| City | SHERIDAN | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 82801 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM B EBZERY | PersonNm |
| Person Title | CO-TRUSTEE | PersonTitleTxt |
| Phone | 3076741770 | PhoneNum |
| Signature | 2021-03-01 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EVERETT J MOHATT | PreparerPersonNm |
| PTIN | P00404222 | PTIN |
| Phone | 3076726494 | PhoneNum |
| Preparation | 2021-03-01 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $4,137,520 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $65,986 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $65,986 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $53,670 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,990,478 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $53,670 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $19,546 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $19,546 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $139,205 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $139,205 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $18,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $9,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $9,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $2,110 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $1,055 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $1,055 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $32,651 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $32,651 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $2,181 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $11 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $506 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $506 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $55,448 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $43,223 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $10,055 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $166,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $166,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $221,448 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $43,223 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $176,055 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$82,243 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $95,982 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $261,071 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $119,787 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $119,787 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $2,480,818 | CorporateStockBOYAmt |
| Corporate Stock EOY | $2,539,859 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $3,778,404 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $40,975 | OtherAssetsBOYAmt |
| Other Assets EOY | $40,975 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $239,329 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $2,782,864 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,700,621 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $4,137,520 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $2,782,864 | RetainedEarningBOYAmt |
| Retained Earning EOY | $2,700,621 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $2,782,864 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $2,700,621 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $2,782,864 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $2,700,621 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $2,782,864 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$82,243 | ExcessRevenueOverExpensesAmt |
| Subtotal | $2,700,621 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $2,700,621 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (61 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| FLIR SYSTEMS INC | P | 2020-04-09 | 2020-08-25 | $28,451 | $27,409 | $1,042 | $1,042 |
| COMCAST CORP CLASS A | P | 2018-02-09 | 2020-05-08 | $10,930 | $11,428 | -$498 | -$498 |
| AGNC INVESTME 7.75% PFDCALLED @P | P | 2016-05-19 | 2019-11-26 | $25,000 | $25,020 | -$20 | -$20 |
| ARBOR REALTY TR REIT | P | 2019-01-31 | 2019-11-08 | $295 | $212 | $83 | $83 |
| HEICO CORP | P | 2019-08-28 | 2019-09-10 | $60,348 | $68,010 | -$7,662 | -$7,662 |
| ISHARES PREFERRED INCOMESEC ETF | P | 2020-02-03 | 2020-08-25 | $67,690 | $70,206 | -$2,516 | -$2,516 |
| CARVANA CO CLASS A | P | 2020-04-09 | 2020-05-08 | $48,140 | $30,399 | $17,741 | $17,741 |
| AGNC INVESTME 7.75% PFDCALLED @P | P | 2017-03-29 | 2019-11-26 | $18,575 | $19,288 | -$713 | -$713 |
| ARBOR REALTY TR REIT | P | 2019-05-20 | 2019-11-08 | $15,542 | $13,202 | $2,340 | $2,340 |
| VEEVA SYSTEMS INC CLASS A | P | 2020-06-15 | 2020-08-25 | $40,727 | $33,734 | $6,993 | $6,993 |
| US OIL FD LP ETF | P | 2019-11-20 | 2020-04-30 | $7 | $36 | -$29 | -$29 |
| AGNC INVESTME 7.75% PFDCALLED @P | P | 2017-03-29 | 2019-11-26 | $6,425 | $6,663 | -$238 | -$238 |
| ARBOR REALTY TR REIT | P | 2019-06-06 | 2019-11-08 | $15,542 | $12,429 | $3,113 | $3,113 |
| SNAP INC CLASS A | P | 2020-06-15 | 2020-08-05 | $36,949 | $34,650 | $2,299 | $2,299 |
| DIREXION DAILY S&P 500 BEAR 3X SHARE | P | 2020-03-26 | 2020-04-06 | $63,712 | $74,977 | -$11,265 | -$11,265 |
| AGNC INVESTME 7.75% PFDCALLED @P | P | 2019-01-04 | 2019-11-26 | $37,500 | $37,887 | -$387 | -$387 |
| WELLS FARGO & 5.2% PFDPFD | P | 2017-04-25 | 2019-11-08 | $17,037 | $16,701 | $336 | $336 |
| REALPAGE INC | P | 2020-06-15 | 2020-07-29 | $32,618 | $34,228 | -$1,610 | -$1,610 |
| ISHARES 20 PLS YEAR TREASURY BND ETF | P | 2020-02-03 | 2020-03-11 | $117,636 | $105,559 | $12,077 | $12,077 |
| AGNC INVESTME 7.75% PFDCALLED @P | P | 2019-04-24 | 2019-11-26 | $50,000 | $50,732 | -$732 | -$732 |
| WELLS FARGO & 5.2% PFDPFD | P | 2017-05-11 | 2019-11-08 | $13,327 | $13,184 | $143 | $143 |
| STARBUCKS CORP | P | 2020-04-09 | 2020-07-29 | $30,421 | $28,365 | $2,056 | $2,056 |
| PAYLOCITY HLDG CORP | P | 2019-06-03 | 2020-02-25 | $99,257 | $65,990 | $33,267 | $33,267 |
| AGNC INVESTME 7.75% PFDCALLED @P | P | 2019-06-28 | 2019-11-26 | $75,000 | $76,619 | -$1,619 | -$1,619 |
| WELLS FARGO & 5.2% PFDPFD | P | 2017-05-11 | 2019-11-08 | $11,914 | $11,786 | $128 | $128 |
| CONSTELLATION BRAND CLASS A | P | 2016-06-15 | 2020-07-24 | $35,875 | $31,152 | $4,723 | $4,723 |
| AMEDISYS INC | P | 2019-10-21 | 2020-02-14 | $98,868 | $66,467 | $32,401 | $32,401 |
| AGNC INVESTME 7.75% PFDCALLED @P | P | 2019-10-08 | 2019-11-26 | $25,000 | $25,576 | -$576 | -$576 |
| WELLS FARGO & 5.2% PFDPFD | P | 2018-12-04 | 2019-11-08 | $8,203 | $7,221 | $982 | $982 |
| CONSTELLATION BRAND CLASS A | P | 2018-08-16 | 2020-07-24 | $17,937 | $20,169 | -$2,232 | -$2,232 |
| BOEING CO | P | 2019-11-19 | 2020-01-22 | $71,087 | $86,596 | -$15,509 | -$15,509 |
| APOLLO COML REAL EST REIT | P | 2019-01-29 | 2019-11-18 | $17,940 | $17,905 | $35 | $35 |
| BUCKEYE PARTNERS L P XXXMANDATORY ME | P | 2002-07-31 | 2019-11-01 | $12,450 | $10,767 | $1,683 | $1,683 |
| CONSTELLATION BRAND CLASS A | P | 2019-05-21 | 2020-07-24 | $29,238 | $33,370 | -$4,132 | -$4,132 |
| SOUTHERN CO | P | 2019-03-29 | 2020-01-09 | $41,212 | $33,569 | $7,643 | $7,643 |
| APOLLO COML REAL EST REIT | P | 2019-06-06 | 2019-11-18 | $17,940 | $18,663 | -$723 | -$723 |
| BUCKEYE PARTNERS L P XXXMANDATORY ME | P | 2016-05-19 | 2019-11-01 | $8,300 | $14,180 | -$5,880 | -$5,880 |
| UNITED STATES OIL FUND LP | P | 2019-11-20 | 2020-06-19 | $20,676 | $69,917 | -$49,241 | -$49,241 |
| INNOVATIVE INDUSTRIAL PRREIT | P | 2019-06-04 | 2020-01-09 | $22,623 | $24,620 | -$1,997 | -$1,997 |
| APOLLO COML REAL EST REIT | P | 2017-04-27 | 2019-11-18 | $17,940 | $19,644 | -$1,704 | -$1,704 |
| BUCKEYE PARTNERS L P XXXMANDATORY ME | P | 2018-06-28 | 2019-11-01 | $20,750 | $17,525 | $3,225 | $3,225 |
| LULULEMON ATHLETICA | P | 2019-10-21 | 2020-06-10 | $105,042 | $66,596 | $38,446 | $38,446 |
| AMPLIFY SEYMOUR CANNABISETF | P | 2019-08-08 | 2019-12-09 | $12,168 | $22,334 | -$10,166 | -$10,166 |
| APOLLO COML REAL EST REIT | P | 2017-05-11 | 2019-11-18 | $17,940 | $18,143 | -$203 | -$203 |
| ISHARES 20 PLS YEAR TREASURY BND ETF | P | 2019-09-18 | 2019-10-21 | $67,391 | $68,092 | -$701 | -$701 |
| PENN NTNL GAMING | P | 2020-04-09 | 2020-05-20 | $58,622 | $32,649 | $25,973 | $25,973 |
| ALPS ALERIAN MLP ETF | P | 2019-02-12 | 2019-12-09 | $35,605 | $44,232 | -$8,627 | -$8,627 |
| APOLLO COML REAL EST REIT | P | 2017-06-01 | 2019-11-18 | $17,940 | $18,387 | -$447 | -$447 |
| SCHWAB US SMALL CAP ETF | P | 2019-04-25 | 2019-10-04 | $48,547 | $51,024 | -$2,477 | -$2,477 |
| COMCAST CORP CLASS A | P | 2017-04-25 | 2020-05-08 | $18,217 | $19,269 | -$1,052 | -$1,052 |
| GREEN ORGANIC DUTCHMAN F | P | 2019-08-19 | 2019-12-06 | $4,188 | $17,425 | -$13,237 | -$13,237 |
| ARBOR REALTY TR REIT | P | 2017-10-10 | 2019-11-08 | $31,084 | $16,807 | $14,277 | $14,277 |
| SPDR S&P SEMICONDUCTOR ETF | P | 2019-06-19 | 2019-10-04 | $54,583 | $49,629 | $4,954 | $4,954 |
| COMCAST CORP CLASS A | P | 2017-06-20 | 2020-05-08 | $7,287 | $8,144 | -$857 | -$857 |
| GREEN ORGANIC DUTCHMAN F | P | 2019-09-04 | 2019-12-06 | $2,226 | $8,479 | -$6,253 | -$6,253 |
| ARBOR REALTY TR REIT | P | 2019-01-25 | 2019-11-08 | $7,585 | $5,597 | $1,988 | $1,988 |
| CABOT OIL & GAS CORP | P | 2019-06-06 | 2019-09-17 | $35,851 | $50,132 | -$14,281 | -$14,281 |
| COMCAST CORP CLASS A | P | 2017-07-25 | 2020-05-08 | $7,287 | $7,966 | -$679 | -$679 |
| AGNC INVESTME 7.75% PFDCALLED @P | P | 2016-04-26 | 2019-11-26 | $13,025 | $12,940 | $85 | $85 |
| ARBOR REALTY TR REIT | P | 2019-01-29 | 2019-11-08 | $23,313 | $17,582 | $5,731 | $5,731 |
| CABOT OIL & GAS CORP | P | 2019-07-30 | 2019-09-17 | $33,495 | $35,326 | -$1,831 | -$1,831 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $53,670 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $47,725 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $185,924 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $3,573,324 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.052031 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $180,233 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $3,766,125 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.047856 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $169,488 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $3,740,355 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.045313 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $213,013 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $3,770,297 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.056498 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $125,600 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $4,049,037 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.031020 | DistributionYr5Rt |
| Total Distribution | 0.232718 | TotalDistributionRt |
| Average Distribution | 0.046544 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $3,604,349 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $167,761 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $960 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $168,721 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $176,055 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $960 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $960 | SubtotalAmt |
| Tax Based On Investment Income | $960 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,065 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,065 | TotalPaymentsAndCreditsAmt |
| Overpayment | $105 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $105 | RefundAmt |
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 | WY | 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 | CYPRESS CAPITAL MANAGEMENT | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3076741770 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 312 WHITNEY LN 1 | AddressLine1Txt |
| City | SHERIDAN | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 82801 | 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 |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| 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 |
|---|---|---|---|---|---|---|---|---|
| FRANK ROTELLINI | ||||||||
| PO BOX J | SHERIDAN | WY | 82801 | CO-TRUSTEE | 000.00 | $6,000 | $0 | $0 |
| WILLIAM B EBZERY | ||||||||
| PO BOX J | SHERIDAN | WY | 82801 | CO-TRUSTEE | 000.00 | $6,000 | $0 | $0 |
| RICHARD M DAVIS JR | ||||||||
| PO BOX J | SHERIDAN | WY | 82801 | CO-TRUSTEE | 000.00 | $6,000 | $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 |
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 | $3,270,981 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $145,919 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $242,338 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,659,238 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $3,659,238 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $54,889 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,604,349 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $180,217 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $180,217 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $960 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $960 | TotalTaxAmt |
| Distributable Before Adj | $179,257 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $179,257 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $179,257 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $176,055 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $176,055 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $960 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $175,095 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $179,257 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $158,834 | UndistributedIncomePYAmt |
| Qualifying Distributions | $176,055 | QualifyingDistributionsAmt |
| Applied To Year1 | $158,834 | AppliedToYear1Amt |
| Applied To Current Year | $17,221 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $162,036 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | WELCH FOUNDATION | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX J | AddressLine1Txt |
| City | SHERIDAN | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 82801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 3076741770 | RecipientPhoneNum |
| Form And Info And Materials | WRITTEN REQUEST | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NONE | SubmissionDeadlinesTxt |
| Restrictions On Awards | NONE | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (25 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| JOEY'S FOUNDATION INC | |||||||
| 109 S MAIN ST SUITE B | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $500 |
| CASA | |||||||
| PO BOX 6022 | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| CHILD DEVELOPMENT CENTER | |||||||
| 345 LINDEN AVE | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| COMMUNITY HOLIDAY FESTIVAL | |||||||
| PO BOX 707 | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| DOWNTOWN SHERIDAN ASSOCIATION | |||||||
| 39 N SCOTT ST | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| KID'S LIFE | |||||||
| PO BOX 7296 | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| NORTHERN WY CHILDHOOD LANGUAGE CLIN | |||||||
| 109 S GOULD | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| REPROD HEALTHCARE OF THE BIG HORNS | |||||||
| 128 SOUTH THURMOND | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| SHERIDAN PUBLIC ARTS | |||||||
| PO BOX 848 | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARTIABLE | $1,000 |
| WYO SCOTTISH RITE | |||||||
| 109 S GOULD ST | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| WYOMING PUBLIC RADIO | |||||||
| UNIV OF WY | LARAMIE | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| CHAPS | |||||||
| 1590 SUGARLAND DR STE B | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,500 |
| HABITAT FOR HUMANITY | |||||||
| PO BOX 6196 | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARTIABLE | $1,500 |
| SHERIDAN COMMUNITY LAND TRUST | |||||||
| PO BOX 7185 | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $2,000 |
| THE SHERIDAN ATHLETIC ASSOC | |||||||
| 8 RIVERBEND COURT | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $2,000 |
| HOLY NAME CATHOLIC CHURCH | |||||||
| 9 SOUTH CONNOR | SHERIDAN | WY | 82801 | NONE | CHURCH | CHARITABLE | $2,500 |
| HOLY NAME THRIFT SHOP | |||||||
| 345 E BURKITT ST | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $3,000 |
| PEOPLES ASSISTANCE FOOD BANK | |||||||
| 2560 NORTH MAIN STREET | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $3,000 |
| CENTER FOR A VITAL COMMUNITY | |||||||
| PO BOX 1500 | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $5,000 |
| SHERIDAN CO LIBRARY FND | |||||||
| 335 W ALGER ST | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $5,000 |
| SHERIDAN SENIOR CENTER | |||||||
| 211 SMITH ST | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $5,000 |
| STORY COMMUNIY LIBRARY | |||||||
| PO BOX 88 | STORY | WY | 82801 | NONE | PUBLIC | CHARITABLE | $5,000 |
| SHERIDAN COLLEGE | |||||||
| FOUNDATION | SHERIDAN | WY | 82801 | NONE | PUBLIC | EDUCATIONAL | $10,000 |
| WYO THEATRE INC | |||||||
| 42 N MAIN STREET | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $10,000 |
| SHERIDAN COUNTY MEMORIAL | |||||||
| HOSPITAL FOUNDATION | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $100,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $166,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $65,986 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $53,670 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (4 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| PTP DISTRIBUTIONS | 14 | $19,546 | ||
| PTP UBTI LOSS CARRYFORWARD | 900003 | $3,739 | ||
| BUCKEYE PARTNERS LP | 900003 | -$913 | ||
| ENBRIDGE ENERGY PARTNERS LP | 900003 | -$2,826 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $139,205 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $139,205 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION | CategoryTxt |
| Amt | $2,110 | Amt |
| Net Investment Income | $1,055 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $1,055 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (63 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABIOMED INC | $67,226 | $115,973 |
| AGNC INVES 7.75% PFD | ||
| ALPS ALERIAN MLP ETF | ||
| AMAZON COM INC | $15,697 | $69,019 |
| AMPIO PHARMACEUTICAL | $35,939 | $17,184 |
| AMPLIFY SEYMOUR CANNABIS | ||
| APOLLO COML REAL EST | ||
| APPLE INC | $88,425 | $541,968 |
| ARBOR REALTY 7.75% PFD | $64,944 | $64,499 |
| ARBOR REALTY TR | ||
| BUCKEYE PARTNERS LP | ||
| CABOT OIL & GAS CORP | ||
| CANOPY GROWTH CORP | $19,911 | $6,608 |
| CARA THERAPEUTICS | $130,794 | $109,632 |
| CARRIER GLOBAL CORP | $6,982 | $8,955 |
| CATERPILLAR INC | $28,951 | $32,304 |
| CEDAR REALTY 7.25% PFD | $143,057 | $124,537 |
| CME GROUP INC | $32,781 | $33,415 |
| COLGATE PALMOLIVE | $18,345 | $79,260 |
| COMCAST CORPORATION | ||
| CONSTELLATION BRANDS INC | ||
| COSTCO WHOLESALE CORP | $138,119 | $312,894 |
| DIREXION DAILY S&P OIL | $11,195 | $8,480 |
| EDWARDS LIFESCIENCES | $109,440 | $172,538 |
| ENERGY TRANSFER LP | $71,172 | $32,100 |
| ESSSENTIAL PROPERTIES | $67,436 | $51,233 |
| FEEPORT-MCMORAN, INC | $29,618 | $55,353 |
| GILEAD SCIENCES | $16,392 | $13,350 |
| GREEN ORGANIC DUTCHMAN | ||
| HEICO CORP | ||
| INNOVATIVE INDUSTRIAL PR | ||
| JOHNSON & JOHNSON | $39,511 | $153,410 |
| KIRKLAND LAKE GOLF | $35,489 | $41,078 |
| MCDONALDS CORP | $34,097 | $34,590 |
| NETFLIX INC | $33,160 | $42,365 |
| NUSTAR ENERGY 7.625% PFD | $41,662 | $34,120 |
| NUSTAR ENERGY 8.5% PFD | $91,278 | $80,906 |
| OTIS WORLDWIDE | $9,765 | $9,435 |
| PATRIOT ONE TECHNOLOGY | $63,042 | $22,135 |
| PAYLOCITY HLDG CORP | $32,500 | $48,151 |
| QUALCOMM INC | $33,253 | $46,449 |
| QUEST DIAGNOSTICS INC. | $32,580 | $111,240 |
| RAYTHEON TECHNOLOGIES | $20,610 | $18,300 |
| REMARK HOLDINGS INC | $15,144 | $5,600 |
| SCHWAB US SMALL CAP EFT | ||
| SELECT SECTOR HEALTH | $119,330 | $216,520 |
| SHOCKWAVE MEDICAL | $32,558 | $51,595 |
| SILVERCORP METALS | $52,743 | $106,691 |
| SLACK TECHNOLOGIES | $49,594 | $51,526 |
| SOUTHERN CO | ||
| SPDR S&P REGIONAL | $103,318 | $71,309 |
| SPDR S&P SEMICONDUCTOR | ||
| SPDR S&P SEMICONDUCTOR | $102,794 | $134,914 |
| TECHNOLOGY SELECT SECTOR | $102,771 | $146,777 |
| TELEDOC | $78,506 | $78,943 |
| UNITED TECHNOLOGIES | ||
| VANECK VECTORS GOLD | $69,202 | $106,225 |
| VERIZON COMMUNICATIONS | $55,666 | $61,107 |
| VISA INC | $80,481 | $127,194 |
| WALT DISNEY CO | $28,304 | $35,341 |
| WASTE MANAGEMENT INC | $29,352 | $33,744 |
| WELLS FARGO | ||
| WORKHORSE GROUP INC | $56,725 | $59,437 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| COINS & BULLION | $32,251 | $32,251 | $65,712 |
| MINERALS | $8,724 | $8,724 | $8,724 |
| COAL | $164,893 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| BANK CHARGES | $356 | $356 |
| SAFE DEPOSIT BOX | $150 | $150 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PTP DISTRIBUTIONS | $19,546 | $19,546 |
| PTP UBTI LOSS CARRYFORWARD | $3,739 | |
| BUCKEYE PARTNERS LP | -$913 | |
| ENBRIDGE ENERGY PARTNERS LP | -$2,826 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MGMT. - CYPRESS CAPIT | CategoryTxt |
| Amt | $32,651 | Amt |
| Net Investment Income | $32,651 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXCISE TAXES | $2,170 | |
| FOREIGN TAXES | $11 | $11 |
Comments