BEANE WRIGHT FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
BEANE WRIGHT FOUNDATION (EIN 56-2224889)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-11
IRS object ID
202133159349100323
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)
Return2021-11-11T09:03:05-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN561185604PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HARMS RODE & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15917 OLEANDER DR STE 204AddressLine1Txt
CityWILMINGTONCityNm
State AbbreviationNCStateAbbreviationCd
ZIP284034709ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562224889EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BEANE WRIGHT FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBEANBusinessNameControlTxt
Phone9106206711PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 1039AddressLine1Txt
CityWRIGHTSVILLE BEACHCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28480ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAGNES BEANEPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9106206711PhoneNum
Signature2021-11-11SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAGNESPersonFirstNm
Person LastBEANEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTHOMAS J RODE CPAPreparerPersonNm
PTINP00084984PTIN
Phone9107849015PhoneNum
Preparation2021-11-11PreparationDt
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$1,341,063FMVAssetsEOYAmt
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$15InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$15InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$29,383DividendsRevAndExpnssAmt
Dividends Net Invst Incm$29,383DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$3,613NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$105,266GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,515CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$33,011TotalRevAndExpnssAmt
Total Net Invst Incm$33,913TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,100AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$5,902OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$576TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$7,578TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$58,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$58,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,578TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$58,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$32,567ExcessRevenueOverExpensesAmt
Net Investment Income$33,913NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY-$7CashEOYAmt
Sav And Temp Cash Invst BOY$6,797SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$13,277SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$13,277SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$901,776CorporateStockBOYAmt
Corporate Stock EOY$863,675CorporateStockEOYAmt
Corporate Stock EOYFMV$1,317,006CorporateStockEOYFMVAmt
Other Assets BOY$10,780OtherAssetsBOYAmt
Other Assets EOY$10,780OtherAssetsEOYAmt
Other Assets EOYFMV$10,780OtherAssetsEOYFMVAmt
Total Assets BOY$919,353TotalAssetsBOYAmt
Total Assets EOY$887,725TotalAssetsEOYAmt
Total Assets EOYFMV$1,341,063TotalAssetsEOYFMVAmt
Other Liabilities BOY$12,869OtherLiabilitiesBOYAmt
Other Liabilities EOY$12,869OtherLiabilitiesEOYAmt
Total Liabilities BOY$12,869TotalLiabilitiesBOYAmt
Total Liabilities EOY$12,869TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$484,117CapitalStockBOYAmt
Capital Stock EOY$484,117CapitalStockEOYAmt
Retained Earning BOY$422,367RetainedEarningBOYAmt
Retained Earning EOY$390,739RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$906,484TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$874,856TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$919,353TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$887,725TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$906,484TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$32,567ExcessRevenueOverExpensesAmt
Other Increases$2,358OtherIncreasesAmt
Subtotal$876,275SubtotalAmt
Other Decreases$1,419OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$874,856TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$4,515CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$471InvestmentIncomeExciseTaxAmt
Subtotal$471SubtotalAmt
Tax Based On Investment Income$471TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$475ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$475TotalPaymentsAndCreditsAmt
Overpayment$4OverpaymentAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$4RefundAmt

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 StateNCOrgReportOrRegisterStateCd
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 BooksAGNES R BEANEIndividualWithBooksNm
Phone9102562363PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11005 AIRLIE ROADAddressLine1Txt
CityWILMINGTONCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28403ZIPCd
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
AGNES BEANE
PO BOX 1039WRIGHTSVILLE BEACHNC28480TRUSTEE000.00$0$0$0
ELEANOR COOPER
PO BOX 1039WRIGHTSVILLE BEACHNC28480TRUSTEE000.00$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$1,180,805AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$23,055AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,203,860TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,203,860AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$18,058CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,185,802NetVlNoncharitableAssetsAmt
Minimum Investment Return$59,290MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$59,290MinimumInvestmentReturnAmt
Tax Based On Investment Income$471TaxBasedOnInvestmentIncomeAmt
Total Tax$471TotalTaxAmt
Distributable Before Adj$58,819DistributableBeforeAdjAmt
Distributable Before Ded$58,819DistributableBeforeDedAmt
Distributable As Adjusted$58,819DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$58,000ExpensesAndContributionsAmt
Qualifying Distributions$58,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$58,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$58,819DistributableAsAdjustedAmt
Undistributed Income PY$57,166UndistributedIncomePYAmt
Qualifying Distributions$58,000QualifyingDistributionsAmt
Applied To Year1$57,166AppliedToYear1Amt
Applied To Current Year$834AppliedToCurrentYearAmt
Undistributed Income CY$57,985UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Restrictions On AwardsCONTRIBUTIONS TO CHURCHES AND TO TAX EXEMPT PUBLIC CHARITIES AND PRIVATE FOUNDATIONS SELECTED SOLEY BY TRUSTEE OF FOUNDATION.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
EISENHOWER FELLOWSHIP
250 SOUTH 16TH STREETPHILADELPHIAPA19102CHARITABLE DONATION$2,500
COASTAL LAND TRUST
131 RACINE DRWILMINGTONNC28403CHARITABLE DONATION$10,000SUITE 202
UNCW
601 S COLLEGE RDWILMINGTONNC28403CHARITABLE DONATION$10,000
AIRLIE GARDENS
300 AIRLIE RDWILMINGTONNC28403CHARITABLE DONATION$5,000
BURGWIN WRIGHT HOUSE
224 MARKET STWILMINGTONNC28401CHARITABLE DONATION$1,000
NC SYMPHONY
3700 GLENWOOD AVENUERALEIGHNC27612CHARITABLE DONATION$2,000SUITE 130
ST JAMES CHURCH
25 SOUTH 3RD STWILMINGTONNC28401CHARITABLE DONATION$18,000
BOY SCOUTS CAPE FEAR
110 LONGSTREET DRIVEWILMINGTONNC28412CHARITABLE DONATION$1,000
ST MATTHEW'S CHURCH
612 S COLLEGE RDWILMINGTONNC28403CHARITABLE DONATION$1,000
FRENCH HERITAGE SOCIETY
14 E 60TH STREETNEW YORKNY100227131CHAIRITABLE DONATION$5,500SUITE 605
RONALD SACHS INTL MUSIC
601 S COLLEGE RDWILMINGTONNC28403CHAIRITABLE DONATION$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$58,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$15RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$29,383RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,613RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$33,011RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$33,011TotalIncomeProducingActyAmt

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$1,100Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (16 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
GOLDMAN SACHS TR2019-12PURCHASE2020-04$5,125$9,784-$4,659
POLARIS INC2019-09PURCHASE2020-05$3,988$4,055-$67
RUSSELL INVT CO2019-12PURCHASE2020-08$421$488-$67
TRUIST FINL CORP2020-04PURCHASE2020-08$3,723$2,960$763
AMERICAN FUNDS2019-12PURCHASE2020-02$10,439$10,151$288
ABBOTT LABORATORIES2012-02PURCHASE2020-06$6,446$1,859$4,587
CARRIER GLOBAL CORP2017-01PURCHASE2020-08$1,436$1,038$398
JOHNSON & JOHNSON2012-02PURCHASE2020-06$3,614$1,613$2,001
MICROSOFT CORP2012-02PURCHASE2020-12$10,694$1,506$9,188
OTIS WORLDWIDE CORP2017-01PURCHASE2020-08$1,579$1,452$127
POLARIS INC2019-03PURCHASE2020-05$5,983$6,416-$433
ROYAL DUTCH SHELL PLC2012-02PURCHASE2020-09$4,427$12,592-$8,165
RUSSELL INVT CO2008-02PURCHASE2020-08$14,927$18,686-$3,759
AMERICAN FUNDS2017-12PURCHASE2020-02$4,561$4,212$349
GOLDMAN SACH FINL2019-09PURCHASE2020-10$15,000$15,000
RUSSELL INVT CO2008-02PURCHASE2020-08$8,388$9,841-$1,453

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSTOCKS AND MUTUAL FUNDSStockNm
EOY Book Value$863,675EOYBookValueAmt
EOYFMV$1,317,006EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescORGANIZATIONAL COST-BEANE WRIGHT CRTDesc
BOY Book Value$10,780BOYBookValueAmt
EOY Book Value$10,780EOYBookValueAmt
EOYFMV$10,780EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
NON DEDUCTIBLE FEDERAL TAX$1,096
ADJUSTMENT TO MATCH 1099$323

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (3 entries)

DescDescAmtAmt
NON DIVIDEND DISTRIBUTIONS$1,209
TAX REFUND$149
MISC DEPOSIT$1,000

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescADVANCE FROM BEANE CAPITAL, LLCDesc
BOY Book Value$12,869BOYBookValueAmt
EOY Book Value$12,869EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEESCategoryTxt
Amt$5,902Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX W/HCategoryTxt
Amt$576Amt

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