WEP FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
WEP FOUNDATION (EIN 47-0986248)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-05-14
IRS object ID
202141349349102414
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)
Return2021-05-14T14:55:36-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813146074PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROWN HIERS KINDER LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1701 E BAY ST STE 509AddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29403ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN470986248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WEP FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWEPFBusinessNameControlTxt
Phone8435772551PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID P BROWNPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8435772551PhoneNum
Signature2021-05-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVID PPersonFirstNm
Person LastBROWNPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL R HIERSPreparerPersonNm
PTINP00793615PTIN
Phone8438047069PhoneNum
Preparation2021-05-14PreparationDt
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$620,651FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$91,825ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$18InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$18InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$6,084DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,084DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$16,307NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$45,121GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$16,307CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$350OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$350OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$114,584TotalRevAndExpnssAmt
Total Net Invst Incm$22,759TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$30,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$9,900CompOfcrDirTrstNetInvstIncmAmt
Pension Empl Bnft Rev And Expnss$2,131PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$703PensionEmplBnftNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,070AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,035AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$5,530OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,736OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$245TaxesRevAndExpnssAmt
Taxes Net Invst Incm$55TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$39,976TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$14,429TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$30,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$30,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$70,076TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$14,429TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$30,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$44,508ExcessRevenueOverExpensesAmt
Net Investment Income$8,330NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$20,291CashBOYAmt
Cash EOY$17,786CashEOYAmt
Cash EOYFMV$17,786CashEOYFMVAmt
Corporate Stock BOY$449,404CorporateStockBOYAmt
Corporate Stock EOY$498,487CorporateStockEOYAmt
Corporate Stock EOYFMV$602,865CorporateStockEOYFMVAmt
Total Assets BOY$469,695TotalAssetsBOYAmt
Total Assets EOY$516,273TotalAssetsEOYAmt
Total Assets EOYFMV$620,651TotalAssetsEOYFMVAmt
Accounts Payable EOY$2,070AccountsPayableEOYAmt
Total Liabilities EOY$2,070TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$469,695NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$514,203NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$469,695TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$514,203TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$469,695TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$516,273TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$469,695TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$44,508ExcessRevenueOverExpensesAmt
Subtotal$514,203SubtotalAmt
Tot Net Ast Or Fund Balances EOY$514,203TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyBLACKROCK EQ DIV IPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2019-01-01AcquiredDt
Sold2020-01-27SoldDt
Gross Sales Price$25,000GrossSalesPriceAmt
Cost Or Other Basis$28,814CostOrOtherBasisAmt
Gain Or Loss-$3,814GainOrLossAmt
Gains Minus Excess Or Losses-$3,814GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$16,307CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$116InvestmentIncomeExciseTaxAmt
Subtotal$116SubtotalAmt
Tax Based On Investment Income$116TaxBasedOnInvestmentIncomeAmt
Tax Due$116TaxDueAmt

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 BooksWALKER BUXTONIndividualWithBooksNm
Phone8435772551PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WALKER BUXTON
2 COCHRAN COURTCHARLESTONSC29407DIRECTOR000.00$30,000$0$0
MEREDITH GRIER BUYCK
210 LITTLE PALM LOOPMOUNT PLEASANTSC29464SECRETARY000.00$0$0$0
DAVID P BROWN
701 EAST BAY STREET STE 410CHARLESTONSC29403TREASURER000.00$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$524,352AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$35,370AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$559,722TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$559,722AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,396CashDeemedCharitableAmt
Net Vl Noncharitable Assets$551,326NetVlNoncharitableAssetsAmt
Minimum Investment Return$27,566MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$27,566MinimumInvestmentReturnAmt
Tax Based On Investment Income$116TaxBasedOnInvestmentIncomeAmt
Total Tax$116TotalTaxAmt
Distributable Before Adj$27,450DistributableBeforeAdjAmt
Distributable Before Ded$27,450DistributableBeforeDedAmt
Distributable As Adjusted$27,450DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$30,100ExpensesAndContributionsAmt
Qualifying Distributions$30,100QualifyingDistributionsAmt
Adjusted Qualifying Distri$30,100AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$27,450DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$2,205ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$5,320ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$14,497ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$22,022TotalExcessDistributionCyovAmt
Qualifying Distributions$30,100QualifyingDistributionsAmt
Applied To Current Year$27,450AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,650RemainingDistriFromCorpusAmt
Total Corpus$24,672TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$2,205ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$22,467ExcessDistriCyovToNextYrAmt
Excess From Year4$5,320ExcessFromYear4Amt
Excess From Year2$14,497ExcessFromYear2Amt
Excess From Current Year$2,650ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWALKER BUXTONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8434780346RecipientPhoneNum
Recipient Email AddressWALKERPMBUXTON@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsLETTER DETAILING NEEDS AND PROPOSED USE OF FUNDSFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ASSOCIATION FOR THE BLIND
1 CARRIAGE LANE BLDG ACHARLESTONSC29407N/AEXEMPT NPGENERAL SUPPORT$2,500
CHARLESTON PROMISE NEIGHBORHOOD
1834 SUMMERVILLE AVE 200NORTH CHARLESTONSC29405N/AEXEMPT NPGENERAL SUPPORT$10,000
MUSC
171 ASHLEY AVE STE 419CHARLESTONSC29425N/AEXEMPT NPGENERAL SUPPORT$15,000
AMERICAN LUNG ASSOCIATION
44 MARKFIELD DR STE ACHARLESTONSC29407N/AEXEMPT NPGENERAL SUPPORT$2,500
FIRST TEE CHARLESTON
321 WINGO WAY 201MT PLEASANTSC29464N/AEXEMPT NPGENERAL SUPPORT$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$30,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$18ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,084ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$350ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16,307ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$22,759ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$22,759TotalIncomeProducingActyAmt

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$2,070Amt
Net Investment Income$1,035NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
WELLS FARGO BROKERAGE ACCT
HARBOR FINANCIAL GROUP MUTUAL FUNDS$498,487$602,865

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescLPL FINANCIALDesc
Revenue And Expenses Per Books$350RevenueAndExpensesPerBooksAmt
Net Investment Income$350NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
ADVISORY FEES$2,221$2,221
PROFESSIONAL FEES$3,283$489
BANK FEES$26$26

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
LPL FINANCIAL FOREIGN TAXES$55$55
FEDERAL TAXES$190

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