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CBIS FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
CBIS FOUNDATION INC (EIN 20-3362453)
Tax period
2020-07-01 to 2021-06-30
Filed
2021-08-27
IRS object ID
202142399349100014
Schema version
2020v4.1
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)
Return2021-08-27T04:18:26-00:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203362453EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CBIS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCBISBusinessNameControlTxt
Phone2127852610PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o L WOLLIN 124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBUDGE COLLINSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2018168404PhoneNum
Signature2021-08-27SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLONNIE E WOLLINPreparerPersonNm
PTINP01282474PTIN
Phone2018168404PhoneNum
Preparation2021-08-27PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
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$3,455,594FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$35,937DividendsRevAndExpnssAmt
Dividends Net Invst Incm$35,937DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$35,937TotalRevAndExpnssAmt
Total Net Invst Incm$35,937TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,485AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$380OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,890TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$448,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$448,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$451,890TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$448,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$415,953ExcessRevenueOverExpensesAmt
Net Investment Income$35,937NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$4,701CashBOYAmt
Cash EOY$77,811CashEOYAmt
Cash EOYFMV$77,811CashEOYFMVAmt
Corporate Stock BOY$3,799,748CorporateStockBOYAmt
Corporate Stock EOY$3,310,685CorporateStockEOYAmt
Corporate Stock EOYFMV$3,377,783CorporateStockEOYFMVAmt
Total Assets BOY$3,804,449TotalAssetsBOYAmt
Total Assets EOY$3,388,496TotalAssetsEOYAmt
Total Assets EOYFMV$3,455,594TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,804,449RetainedEarningBOYAmt
Retained Earning EOY$3,388,496RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,804,449TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,388,496TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,804,449TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,388,496TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,804,449TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$415,953ExcessRevenueOverExpensesAmt
Subtotal$3,388,496SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,388,496TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$500InvestmentIncomeExciseTaxAmt
Subtotal$500SubtotalAmt
Tax Based On Investment Income$500TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,939EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,939TotalPaymentsAndCreditsAmt
Original Return Tax Paid$3,939OriginalReturnTaxPaidAmt
Overpayment$3,439OverpaymentAmt
Applied To ES Tax$3,439AppliedToESTaxAmt

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 StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2018168404PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
BUDGE COLLINS
1111 BAYSIDE DRCORONA DEL MARCA92625PRES/DIR001.00$0
CAROL COLLINS
1111 BAYSIDE DRCORONA DEL MARCA92625VP/DIR003.00$0
LONNIE WOLLIN
124 PROSPECT STRIDGEWOODNJ07450SECY/TREAS001.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,245,946AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$313,027AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,558,973TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,558,973AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$53,385CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,505,588NetVlNoncharitableAssetsAmt
Minimum Investment Return$175,279MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$175,279MinimumInvestmentReturnAmt
Tax Based On Investment Income$500TaxBasedOnInvestmentIncomeAmt
Total Tax$500TotalTaxAmt
Distributable Before Adj$174,779DistributableBeforeAdjAmt
Distributable Before Ded$174,779DistributableBeforeDedAmt
Distributable As Adjusted$174,779DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$448,000ExpensesAndContributionsAmt
Qualifying Distributions$448,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$448,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$174,779DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$25,573ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$31,888ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$57,461TotalExcessDistributionCyovAmt
Qualifying Distributions$448,000QualifyingDistributionsAmt
Applied To Current Year$174,779AppliedToCurrentYearAmt
Remaining Distri From Corpus$273,221RemainingDistriFromCorpusAmt
Total Corpus$330,682TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$330,682ExcessDistriCyovToNextYrAmt
Excess From Year2$25,573ExcessFromYear2Amt
Excess From Year1$31,888ExcessFromYear1Amt
Excess From Current Year$273,221ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBUDGE COLLINSContributingManagerNm
Contributing ManagerCAROL COLLINSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
California Policy Center
18002 Irvine Blvd Suite 110TustinCA92780Public CharityCharitable$50,000
Hillsdale College
33 E College StreetHillsdaleMI49242Public CharityCharitable$65,000
Friends of UCI Rowing
PO Box 8855Newport BeachCA92658Public CharityEducational$8,000
Orange Coast College Foundation
2701 Fairview RoadCosta MesaCA92626Public CharityCharitable$8,000
UCI FoundationGavin Herbert Eye Institute
333 City Boulevard West Suite 605OrangeCA92868Public CharityEducational$65,000
Pacifica Christian High School
883 West 15th StreetNewport BeachCA92663Public CharityCharitable$200,000
Hoag Hospital Foundation
330 Placentia Ave Suite 100Newport BeachCA92663Public CharityCharitable$15,000
Sam and Alfreda Maloof Foundation
5131 Carnelian StAlta LomaCA91730Public CharityCharitable$4,000
Christian Family Montessori School
201 Allison Street NW Suite BWashingtonDC20011Public CharityEducational$8,000
UCI FoundationUCI School of Medicine
333 City Boulevard West Suite 605OrangeCA92868Public CharityEducational$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$448,000TotalGrantOrContriPdDurYrAmt

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)
CategoryWOLLIN NEUSCHATZ, INCCategoryTxt
Amt$3,485Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MPLX LP$272,095$337,819
SANUWAVE HEALTH$1,603$2,977
SCHWAB- T BILLS$3,036,987$3,036,987

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescDELAWARE REP FEEDesc
Revenue And Expenses Per Books$380RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryDelaware Franchise TaxCategoryTxt
Amt$25Amt

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