WAHOOS FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
WAHOOS FAMILY FOUNDATION (EIN 45-0472265)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-06-19
IRS object ID
202011719349100511
Schema version
2019v5.0
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)
Return2020-06-19T14:30:09-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN330212086PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1RM White & AssociatesBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line123 Corporate Plaza Dr Suite 150AddressLine1Txt
CityNewport BeachCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92660ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN450472265EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Wahoos Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWAHOBusinessNameControlTxt
Phone9492220670PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11185 Warner AvenueAddressLine1Txt
CityTustinCityNm
State AbbreviationCAStateAbbreviationCd
ZIP92780ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRENATO LEEPersonNm
Person TitlePresidentPersonTitleTxt
Signature2020-06-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRichard WhitePreparerPersonNm
PTINP00116481PTIN
Phone9494747012PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$998,946FMVAssetsEOYAmt
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$3,228InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,228InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$17,009DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,009DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$84,509NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$357,785GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$84,509CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$104,746TotalRevAndExpnssAmt
Total Net Invst Incm$104,746TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$800AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,951TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,951TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$8,088OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$8,088OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,839TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,839TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$48,250ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$48,250ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$59,089TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,839TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$48,250TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$45,657ExcessRevenueOverExpensesAmt
Net Investment Income$93,907NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,668CashBOYAmt
Cash EOY$12,194CashEOYAmt
Cash EOYFMV$12,194CashEOYFMVAmt
Corporate Stock BOY$655,527CorporateStockBOYAmt
Corporate Stock EOY$712,183CorporateStockEOYAmt
Corporate Stock EOYFMV$986,752CorporateStockEOYFMVAmt
Total Assets BOY$662,195TotalAssetsBOYAmt
Total Assets EOY$724,377TotalAssetsEOYAmt
Total Assets EOYFMV$998,946TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$662,195NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$662,195TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$724,377TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$662,195TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$724,377TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$662,195TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$45,657ExcessRevenueOverExpensesAmt
Other Increases$16,525OtherIncreasesAmt
Subtotal$724,377SubtotalAmt
Tot Net Ast Or Fund Balances EOY$724,377TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
CHARLES SCHWABP2019-01-012019-12-31$13,331$13,743-$412-$412
CHARLES SCHWABP2001-01-012019-12-31$327,548$242,627$84,921$84,921
CHARLES SCHWABP2001-01-012019-12-31$16,906$16,906
FieldValueIRS element (for citing)
Capital Gain Net Income$84,509CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$412NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,878InvestmentIncomeExciseTaxAmt
Subtotal$1,878SubtotalAmt
Tax Based On Investment Income$1,878TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$22EsPenaltyAmt
Tax Due$1,900TaxDueAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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 Line1RENATO LEEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9492220670PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11185 Warner AvenueAddressLine1Txt
CityTustinCityNm
State AbbreviationCAStateAbbreviationCd
ZIP927806458ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
EDUARDO LEE
2855 PULLMAN STREETSANTA ANACA92705Director1.00$0
RENATO LEE
2855 PULLMAN STREETSANTA ANACA92705Director2.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE ENTITY ONLY EXISTS TO FURTHER THE WORK OF OTHERQUALIFIED NON-PROFIT 501(C)(3) ORGANIZATIONS AND DOES NOT CONDUCT AY OF ITS OWN ACTIVITIES.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$12,194AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$986,752FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$998,946TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$998,946AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,984CashDeemedCharitableAmt
Net Vl Noncharitable Assets$983,962NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,198MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,198MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,878TaxBasedOnInvestmentIncomeAmt
Total Tax$1,878TotalTaxAmt
Distributable Before Adj$47,320DistributableBeforeAdjAmt
Distributable Before Ded$47,320DistributableBeforeDedAmt
Distributable As Adjusted$47,320DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$48,250ExpensesAndContributionsAmt
Qualifying Distributions$48,250QualifyingDistributionsAmt
Adjusted Qualifying Distri$48,250AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$47,320DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$8,607ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$15,580ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$710ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$15,594ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$40,491TotalExcessDistributionCyovAmt
Qualifying Distributions$48,250QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$47,320AppliedToCurrentYearAmt
Remaining Distri From Corpus$930RemainingDistriFromCorpusAmt
Total Corpus$41,421TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$8,607ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$32,814ExcessDistriCyovToNextYrAmt
Excess From Year3$15,580ExcessFromYear3Amt
Excess From Year2$710ExcessFromYear2Amt
Excess From Year1$15,594ExcessFromYear1Amt
Excess From Current Year$930ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NEWPORT HARBOR HIGH SCHOOL
600 IRVINE AVENUENEWPORT BEACHCA92663GOVFUND ONGOING SERVICES FOR NEEDS$2,500
THOMAS HOUSE FAMILY SHELTER
PO BOX 2737GARDEN GROVECA92842PCFUND ONGOING SERVICES FOR NEEDS$5,000
WAHOO'S SCHOLARSHIP
2855 PULLMAN STREETSANTA ANACA92705VARIOUSSCHOOL FUND ONGOING SERVICES FOR NEEDS$16,500
SUNSHINE DAY PROGRAM
2855 PULLMAN STREETSANTA ANCA92705PCFUND ONGOING SERVICES FOR NEEDS$4,000
NEWPORT HARBOR HIGH SCHOOL SURF TEA
600 IRVINE AVENUENEWPORT BEACHCA92705VARIOUSSCHOOLSFUND ONGOING SERVICES FOR NEEDS$250
Pure Land Fund
2855 Pullman StreetSanta AnaCA92706PCFUND ONGOING SERVICES FOR NEEDS$20,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$48,250TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,228ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,009ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$84,509RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$20,237ExclusionAmt
Related Or Exempt Function Incm$84,509RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$104,746TotalIncomeProducingActyAmt

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$800Amt
Net Investment Income$800NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockInvestmentStockNm
EOY Book Value$712,183EOYBookValueAmt
EOYFMV$986,752EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
ADR Fees$34$34
INVESTMENT EXPENSES$7,028$7,028
OFFICE SUPPLIES$774$774
Travel$252$252

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPrior period adjustmentDesc
Amt$16,525Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Federal Tax$1,670$1,670
FOREIGN TAX$271$271
STATE TAX$10$10

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