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GUS S WETZEL FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
GUS S WETZEL FAMILY FOUNDATION (EIN 43-1801574)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-17
IRS object ID
202131379349102868
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)
Return2021-05-17T20:39:25-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN431530865PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HIGDON & HALE CPA'S PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line16310 LAMAR AVE STE 110AddressLine1Txt
CityOVERLAND PARKCityNm
State AbbreviationKSStateAbbreviationCd
ZIP662024284ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN431801574EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE GUS WETZEL FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWETZBusinessNameControlTxt
Phone6608855124PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11700 S EIGHTH STAddressLine1Txt
CityCLINTONCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64735ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGUS S WETZEL IIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2021-03-30SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGUSPersonFirstNm
Person LastWETZELPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWILLIAM F WESEMANNPreparerPersonNm
PTINP00035124PTIN
Phone9138317000PhoneNum
Preparation2021-03-30PreparationDt
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$35,690FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$39ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$740DividendsRevAndExpnssAmt
Dividends Net Invst Incm$740DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$11,065NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$70,020GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$50CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$1,000OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$12,847TotalRevAndExpnssAmt
Total Net Invst Incm$793TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,950AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$39TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$492OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,481TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$52,950ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$52,950ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$56,431TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$52,950TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$43,584ExcessRevenueOverExpensesAmt
Net Investment Income$793NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY-$3,760SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$10,867SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,867SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$70,880CorporateStockBOYAmt
Corporate Stock EOY$12,669CorporateStockEOYAmt
Corporate Stock EOYFMV$24,823CorporateStockEOYFMVAmt
Total Assets BOY$67,120TotalAssetsBOYAmt
Total Assets EOY$23,536TotalAssetsEOYAmt
Total Assets EOYFMV$35,690TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$67,120RetainedEarningBOYAmt
Retained Earning EOY$23,536RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$67,120TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$23,536TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$67,120TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$23,536TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$67,120TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$43,584ExcessRevenueOverExpensesAmt
Subtotal$23,536SubtotalAmt
Tot Net Ast Or Fund Balances EOY$23,536TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$50CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$11InvestmentIncomeExciseTaxAmt
Subtotal$11SubtotalAmt
Tax Based On Investment Income$11TaxBasedOnInvestmentIncomeAmt
Tax Due$11TaxDueAmt

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
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 BooksGUS S WETZEL IIIndividualWithBooksNm
Phone6608855124PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11700 SOUTH EIGHTH STREETAddressLine1Txt
CityCLINTONCityNm
State AbbreviationMOStateAbbreviationCd
ZIP64735ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
GUS S WETZEL II
1700 SOUTH EIGHTH STREETCLINTONMO64735PRESIDENT000.00$0$0$0
SANDRA H WETZEL
1700 SOUTH EIGHTH STREETCLINTONMO64735SECRETARY000.00$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$14,070AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$31,670AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$45,740TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$45,740AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$686CashDeemedCharitableAmt
Net Vl Noncharitable Assets$45,054NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,253MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,253MinimumInvestmentReturnAmt
Tax Based On Investment Income$11TaxBasedOnInvestmentIncomeAmt
Total Tax$11TotalTaxAmt
Distributable Before Adj$2,242DistributableBeforeAdjAmt
Distributable Before Ded$2,242DistributableBeforeDedAmt
Distributable As Adjusted$2,242DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$52,950ExpensesAndContributionsAmt
Qualifying Distributions$52,950QualifyingDistributionsAmt
Adjusted Qualifying Distri$52,950AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,242DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$66,665ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$67,386ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$61,134ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$59,368ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$61,388ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$315,941TotalExcessDistributionCyovAmt
Qualifying Distributions$52,950QualifyingDistributionsAmt
Applied To Current Year$2,242AppliedToCurrentYearAmt
Remaining Distri From Corpus$50,708RemainingDistriFromCorpusAmt
Total Corpus$366,649TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$66,665ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$299,984ExcessDistriCyovToNextYrAmt
Excess From Year4$67,386ExcessFromYear4Amt
Excess From Year3$61,134ExcessFromYear3Amt
Excess From Year2$59,368ExcessFromYear2Amt
Excess From Year1$61,388ExcessFromYear1Amt
Excess From Current Year$50,708ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BIG BROTHERS BIG SISTERS
OF HENRY COUNTY MO137 W FRANKLIN STCLINTONMO64735CHARITABLE$2,500
BOY SCOUTS OF AMERICA
1325 W WALNUT HILL LNIRVINGTX75035CIVIC$3,500
CAMP KESEM
10586 WEST PICO BLVD 196LOS ANGELESCA90064CIVIC$500
CHURCH OF THE RESURRECTION UMC
13720 ROE AVELEAWOODKS66224CHARITABLE$1,000
CLINTON CHRISTIAN CHURCH
1201 E OHIO STCLINTONMO64735CHARITABLE$150
CLINTON HIGH SCHOOL
1106 S 2ND STCLINTONMO64735EDUCATION$100
CLINTON ROTARY CLUB
200 W FRANKLIN STCLINTONMO64735CIVIC$1,000
CLINTON UNITED METHODIST CHURCH
601 S 4TH STREETCLINTONMO64735CHARITABLE$33,025
FIRST BAPTIST CHURCH
1531 N VANSANT RDCLINTONMO64735CHARITABLE$25
GREATER KC COMMUNITY FOUNDATION
HIGGIN BROS SURGICENTER FOR HOPE1055 BROADWAY BLVD 130KANSAS CITYMO64105CHARITABLE$2,000
GOLDEN VALLEY MEMORIAL HOSPITAL FDN
1600 NORTH SECONDCLINTONMO64735CIVIC$1,100
HEART OF AMERICA COUCIL BSA
10210 HOLMES RDKANSAS CITYMO64131CHARITABLE$2,500
HENRY COUNTY MEMORY FUND
PO BOX 741CLINTONMO64735CIVIC$1,000
HOLY ROSARY SCHOOL
400 E WILSON STCLINTONMO64735EDUCATIONAL$100
KCPT
125 E 31ST STREETKANSAS CITYMO64108CIVIC$500
MAP INTERNATIONAL
4700 GLYNCO PARKWAYBRUNSWICKGA31525CHARITABLE$500
NAVAL WAR COLLEGE FOUNDATION
LUCE HALL 686 CUSHING RDNEWPORTRI02841EDUCATIONAL$100
PEO CHAPTER MT
3700 GRAND AVENUEDES MOINESIA50312EDUCATIONAL$100
RED BIRD MISSIONARY CONFERENCE
54 QUEENDALE CENTERBEVERLYKY40913CHARITABLE$250
SAE FOUNDATION
400 COMMONWEALTH DRIVEWARRENDALEPA15096EDUCATION$150
SHOW ME CHRISTIAN YOUTH HOME
24302 MAHIN RDLA MONTEMO65337EDUCATION$500
ST PAUL SCHOOL OF THEOLOGY
4370 W 109TH STREETOVERLAND PARKKS66211EDUCATIONAL$1,000
UNIVERSITY OF CENTRAL MISSOURI
PO BOX 800WARRENSBURGMO64093EDUCATIONAL$350
WESTMINSTER COLLEGE
501 WESTMINSTER AVEFULTONMO65251EDUCATIONAL$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$52,950TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$740ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$50ExclusionAmt
Related Or Exempt Function Incm$11,015RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescVOID UNCASH PRIOR CONTRIB.Desc
Related Or Exempt Function Incm$1,000RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$793ExclusionAmt
Related Or Exempt Function Incm$12,015RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$12,808TotalIncomeProducingActyAmt

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)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,950Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (7 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
AAIEX AMERICAN BEACON INTL EQUITY2008-11PURCHASE2020-01$5,328$3,726$1,602
VFSUX VANGUARD S/T INVESTMENT GRADE2013-06PURCHASE2020-01$5,000$5,679-$679
VFSUX VANGUARD S/T INVESTMENT GRADE2013-06PURCHASE2020-03$35,142$35,204-$62
VFIAX VANGUARD 500 INDEX ADMIRALPURCHASE2020-10$5,000$1,775$3,225
DHMIX DIAMOND HILL SMALL MID CAPPURCHASE2020-11$5,000$4,530$470
DODFX DODGE & COX INTL STOCKPURCHASE2020-11$2,500$4,412-$1,912
VFSUX VANGUARD S/T INVESTMENT GRADE2013-06PURCHASE2020-11$12,000$3,629$8,371

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AAIEX
SPWYX$420$519
DHMIX$5,197$6,037
DODFX$3,190$4,983
VFSUX
VFIAX$3,862$13,284

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
SCHWAB MANAGEMENT FEES$467
MISSOURI FILING FEE$25

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescVOID UNCASH PRIOR CONTRIB.Desc
Revenue And Expenses Per Books$1,000RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAX PAIDCategoryTxt
Amt$39Amt

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