VELTING FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: VELTING FOUNDATION (EIN 38-1859282)
Tax period: 2018-12-01 to 2019-11-30
Filed: 2020-01-14
IRS object ID: 202040149349100604
Schema version: 2018v3.1
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
Form 990-PF
Accounting Fees Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-01-14T13:13:44-06:00	ReturnTs
Tax Period End	2019-11-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	474953134	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	STOEPKER & DEVRIES CPA LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2020 RAYBROOK AVE SE STE 201	AddressLine1Txt
City	GRAND RAPIDS	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49546	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2018-12-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	381859282	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VELTING FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	VELT	BusinessNameControlTxt
Phone	6169496660	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1105 ELECTRIC AVE	AddressLine1Txt
City	WAYLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49348	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KEVIN VELTING	PersonNm
Person Title	SECY/TREAS	PersonTitleTxt
Phone	6169496660	PhoneNum
Signature	2019-12-31	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DONALD J STOEPKER	PreparerPersonNm
PTIN	P00396868	PTIN
Phone	6162577950	PhoneNum
Preparation	2019-12-31	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2018	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	$78,171	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	$310	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$310	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$310	InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss	$310	TotalRevAndExpnssAmt
Total Net Invst Incm	$310	TotalNetInvstIncmAmt
Total Adj Net Incm	$310	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$420	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$420	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$26	TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl	$26	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$167	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$167	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$613	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$613	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$8,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$8,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$8,613	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$8,613	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$8,303	ExcessRevenueOverExpensesAmt
Net Investment Income	$310	NetInvestmentIncomeAmt
Adjusted Net Income	$310	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$86,474	CashBOYAmt
Cash EOY	$78,171	CashEOYAmt
Cash EOYFMV	$78,171	CashEOYFMVAmt
Total Assets BOY	$86,474	TotalAssetsBOYAmt
Total Assets EOY	$78,171	TotalAssetsEOYAmt
Total Assets EOYFMV	$78,171	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$86,474	UnrestrictedBOYAmt
Unrestricted EOY	$78,171	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$86,474	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$78,171	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$86,474	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$78,171	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$86,474	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$8,303	ExcessRevenueOverExpensesAmt
Subtotal	$78,171	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$78,171	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$53,577	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$111,349	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.481163	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$8,000	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$139,615	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.057300	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$20,057	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$147,395	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.136077	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$19,298	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$86,979	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.221870	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$13,459	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$26,035	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.516958	DistributionYr5Rt
Total Distribution	1.413368	TotalDistributionRt
Average Distribution	0.282674	AverageDistributionRt
Net Vl Noncharitable Assets	$81,088	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$22,921	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$3	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$22,924	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$8,613	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$6	InvestmentIncomeExciseTaxAmt
Subtotal	$6	SubtotalAmt
Tax Based On Investment Income	$6	TaxBasedOnInvestmentIncomeAmt
Tax Due	$6	TaxDueAmt

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
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
Individual With Books	KEVIN VELTING	IndividualWithBooksNm
Phone	6169496660	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1105 ELECTRIC AVE	AddressLine1Txt
City	WAYLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49348	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
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
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

Field	Value	IRS element (for citing)
Person	KEVIN VELTING	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1105 ELECTRIC AVE	AddressLine1Txt
City	WAYLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49348	ZIPCd

Field	Value	IRS element (for citing)
Title	SECY/TREAS	TitleTxt
Average Hrs Per Wk Devoted To Pos	000.00	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt
Employee Benefit Program	$0	EmployeeBenefitProgramAmt
Expense Account Other Allwnc	$0	ExpenseAccountOtherAllwncAmt

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	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$82,323	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$82,323	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$82,323	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,235	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$81,088	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$4,054	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$4,054	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$6	TaxBasedOnInvestmentIncomeAmt
Total Tax	$6	TotalTaxAmt
Distributable Before Adj	$4,048	DistributableBeforeAdjAmt
Distributable Before Ded	$4,048	DistributableBeforeDedAmt
Distributable As Adjusted	$4,048	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$8,613	ExpensesAndContributionsAmt
Qualifying Distributions	$8,613	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$8,613	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$4,048	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$48,018	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$48,018	TotalExcessDistributionCyovAmt
Qualifying Distributions	$8,613	QualifyingDistributionsAmt
Applied To Current Year	$4,048	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$4,565	RemainingDistriFromCorpusAmt
Total Corpus	$52,583	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$52,583	ExcessDistriCyovToNextYrAmt
Excess From Year1	$48,018	ExcessFromYear1Amt
Excess From Current Year	$4,565	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	KEVIN VELTING	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	1105 ELECTRIC AVE	AddressLine1Txt
City	WAYLAND	CityNm
State Abbreviation	MI	StateAbbreviationCd
ZIP	49348	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	6169496660	RecipientPhoneNum
Recipient Email Address	KVELTING@VELTING.COM	RecipientEmailAddressTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
GOSPEL TONES
755 EASTERN AVE SE	GRAND RAPIDS	MI	49503	CHARITABLE PURPOSE	$2,500
SPORTS PERSONS INTL
PO BOX 88336	GRAND RAPIDS	MI	49518	CHARITABLE PURPOSE	$5,500

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$8,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$310	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$310	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$310	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	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$420	Amt
Disbursements Charitable Prps	$420	DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK CHARGES	$5	$5
OFFICE EXPENSE	$162	$162

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Amt	$26	Amt
Disbursements Charitable Prps	$26	DisbursementsCharitablePrpsAmt

VELTING FOUNDATION: Form 990PF, tax year 2018

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

US Address USAddress

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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