THE WAYNE AND JOAN WEBBER FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE WAYNE AND JOAN WEBBER FOUNDATION (EIN 38-3390733)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-13
- IRS object ID
- 202013189349101556
- Schema version
- 2019v5.1
- 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
- Schedule B
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-13T10:05:09-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 WEST BIG BEAVER SUITE 600 | AddressLine1Txt |
| City | TROY | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48084 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383390733 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wayne and Joan Webber Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % COLLEEN MAEDEL | InCareOfNm |
| Business Name Control | WAYN | BusinessNameControlTxt |
| Phone | 5864653800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44710 Morley Drive | AddressLine1Txt |
| City | Clinton Township | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48036 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CYNTHIA HELISEK | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5464653800 | PhoneNum |
| Signature | 2020-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ASTRID BRAEUER | PreparerPersonNm |
| PTIN | P00328071 | PTIN |
| Phone | 2483622100 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 69.14.125.222 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 38868820203185000007 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-11-13 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | E07D4F8875FADBB97EB6F833E87847ACB1AFCAA4 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 38B2E1A9626A55A13495CFCEA3116639E1A6EC07 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $40,981,599 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $10,118,334 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $451,863 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $451,863 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$33,548 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,468,729 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $529,547 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $529,547 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,066,196 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $981,410 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $181,072 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $181,072 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $8,001 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $8,001 | LegalFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $183,312 | InterestRevAndExpnssAmt |
| Interest Dsbrs Chrtbl | $183,312 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $14,105 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,668 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $10,437 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $2,283 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,283 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $133,025 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $112,753 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $20,272 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $521,798 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $116,421 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $405,377 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,722,920 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,722,920 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,244,718 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $116,421 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,128,297 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $7,821,478 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $864,989 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $571,328 | CashBOYAmt |
| Cash EOY | $0 | CashEOYAmt |
| Cash EOYFMV | $0 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $433,439 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $433,439 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $9,505 | AcctRcvblAmt |
| Acct Rcvbl BOY | $10,020 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $9,505 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $9,505 | AcctRcvblEOYFMVAmt |
| Inventories BOY | $31,138 | InventoriesBOYAmt |
| Inventories EOY | $41,148 | InventoriesEOYAmt |
| Inventories EOYFMV | $41,148 | InventoriesEOYFMVAmt |
| US Government Obligations BOY | $2,561,648 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $2,006,918 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $2,028,805 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $6,819,995 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,005,901 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,534,902 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $6,613,259 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $6,291,628 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $6,372,770 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $2,981,831 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,503,824 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,061,030 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $14,866,593 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $4,748,259 | LandBOYAmt |
| Land EOY | $14,866,593 | LandEOYAmt |
| Land EOYFMV | $21,500,000 | LandEOYFMVAmt |
| Total Assets BOY | $24,337,478 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,158,956 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $40,981,599 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $5,064,548 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $5,064,548 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $5,064,548 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,064,548 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $19,272,930 | RetainedEarningBOYAmt |
| Retained Earning EOY | $27,094,408 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $19,272,930 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $27,094,408 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $24,337,478 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $32,158,956 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $19,272,930 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $7,821,478 | ExcessRevenueOverExpensesAmt |
| Subtotal | $27,094,408 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $27,094,408 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| SHORT-TERM CAPITAL GAIN | 2019-01-01 | 2019-12-31 | $557,687 | $589,570 | -$31,883 | -$31,883 | |
| LONG-TERM CAPITAL GAIN | 2018-01-01 | 2019-12-31 | $4,860,422 | $4,912,423 | -$52,001 | -$52,001 | |
| K-1 PASS THRU SIGULER GUFF | 2018-01-01 | 2019-01-01 | $3,710 | $0 | $3,710 | $3,710 | |
| K-1 PASS THRU SIGULER GUFF | 2019-01-01 | 2019-12-31 | $0 | $282 | -$282 | -$282 | |
| K-1 PASS THRU SIGULER GUFF | 2018-01-01 | 2019-12-31 | $0 | $2 | -$2 | -$2 | |
| K-1 PASS THRU U.S. REAL PROPERTY | 2018-01-01 | 2019-12-31 | $1,850 | $1,850 | $1,850 | ||
| CAPITAL GAIN DIVIDENDS | $45,060 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$33,548 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,503,234 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $23,635,452 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.10591 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $2,402,644 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $25,934,836 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.092642 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $2,862,366 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $26,754,742 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.106985 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,514,905 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $29,743,480 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.118174 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,811,199 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $31,936,177 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.088026 | DistributionYr5Rt |
| Total Distribution | 0.511737 | TotalDistributionRt |
| Average Distribution | 0.102347 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $24,900,364 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,548,478 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $8,650 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,557,128 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $3,128,297 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $8,650 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $8,650 | SubtotalAmt |
| Tax Based On Investment Income | $8,650 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $18,409 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $18,409 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $9,759 | OverpaymentAmt |
| Applied To ES Tax | $9,759 | AppliedToESTaxAmt |
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 |
| Org Report Or Register State | MI | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLLEEN MAEDEL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5864653800 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44710 MORLEY DRIVE | AddressLine1Txt |
| City | CLINTON TOWNSHIP | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 48036 | 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 | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| 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 (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| WAYNE WEBBER | ||||||||
| 44710 MORLEY DRIVE | CLINTON TOWNSHIP | MI | 48036 | TREASURY/DIRECTOR | 2.0 | $0 | $0 | $0 |
| JOAN WEBBER | ||||||||
| 44710 MORLEY DRIVE | CLINTON TOWNSHIP | MI | 48036 | SECRETARY/DIRECTOR | 2.0 | $0 | $0 | $0 |
| DAVID STONE | ||||||||
| 44710 MORLEY DRIVE | CLINTON TOWNSHIP | MI | 48036 | DIRECTOR | 1.0 | $46,072 | $0 | $0 |
| CYNTHIA HELISEK | ||||||||
| 44710 MORELY DRIVE | CLINTON TOWNSHIP | MI | 48036 | PRESIDENT | 40.0 | $135,000 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NONE | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $24,274,751 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $580,865 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $423,941 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $25,279,557 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $25,279,557 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $379,193 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $24,900,364 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,245,018 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,245,018 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $8,650 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $8,650 | TotalTaxAmt |
| Distributable Before Adj | $1,236,368 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,236,368 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,236,368 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,128,297 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $3,128,297 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $8,650 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $3,119,647 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,236,368 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,124,692 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,802,917 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,492,405 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,001,758 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,301,113 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $6,722,885 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,128,297 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Current Year | $1,236,368 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,891,929 | RemainingDistriFromCorpusAmt |
| Total Corpus | $8,614,814 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,124,692 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $7,490,122 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,802,917 | ExcessFromYear4Amt |
| Excess From Year3 | $1,492,405 | ExcessFromYear3Amt |
| Excess From Year2 | $1,001,758 | ExcessFromYear2Amt |
| Excess From Year1 | $1,301,113 | ExcessFromYear1Amt |
| Excess From Current Year | $1,891,929 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | WAYNE AND JOAN WEBBER | ContributingManagerNm |
| Shareholder Manager | NA | ShareholderManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (32 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| WIGS 4 KIDS | ||||||||
| 30126 HARPER | ST CLAIR SHORES | MI | 48082 | NONE | PC | GENERAL | $25,604 | |
| BEYOND BASICS | ||||||||
| 18000 WEST NINE MILE ROAD | SOUTHFIELD | MI | 48075 | NONE | PC | TUTORING | $400,000 | SUITE 515 |
| SALVATION ARMY | ||||||||
| 16130 NORTHLAND DRIVE | SOUTHFIELD | MI | 48076 | NONE | SO I | GERNERAL | $100,000 | |
| BENZIE AREA CHRISTIAN NEIGHBORS | ||||||||
| 2804 BENZIE HIGHWAY | BENZONIA | MI | 49616 | NONE | PC | FOOD PANTRY | $20,000 | PO BOX 93 |
| FIRST WORD SOCIETYWILLIAM BEAUMONT HOSPITAL | ||||||||
| 3501 W THIRTEEN MILE ROAD | ROYAL OAK | MI | 48073 | NONE | PC | SCHOLARSHIPS | $30,000 | |
| SPECIAL OLYMPICS MICHIGAN | ||||||||
| CENTRAL MICHIGAN UNIVERSITY | MT PLEASANT | MI | 48859 | NONE | PC | GENERAL | $6,000 | |
| MT CLEMENS FOUNDATION | ||||||||
| 49 MACOMB PLACE SUITE 28 | MT CLEMENS | MI | 48043 | NONE | PC | FIREWORKS | $20,000 | |
| BENZIE COUNTY COAT DRIVE | ||||||||
| VARIOUS ELEMENTARY SCHOOLS | Honor | MI | 49640 | NONE | PC | COATS, BOOTS, HATS, GLOVES, AND SOCKS | $24,875 | 11434 Main Street |
| MISC GIFTS UNDER 1000 | ||||||||
| VARIOUS | VARIOUS | MI | 48036 | NONE | PC | GENERAL | $16,900 | |
| CAPUCHINS SOUP KITCHEN | ||||||||
| 1820 MT ELLIOTT | DETROIT | MI | 48207 | NONE | PC | GENERAL | $25,000 | |
| MACOMB CHARITABLE FOUNDATION | ||||||||
| 18215 24 MILE ROAD | MACOMB | MI | 48042 | NONE | PC | GENERAL | $10,000 | |
| ST MARY'S QUEEN OF CREATION | ||||||||
| 50931 MARIA STREET | NEW BALTIMORE | MI | 48047 | NONE | PC | FOOD PANTRY | $10,000 | |
| VILLAGE OF THOMPSONVILLE | ||||||||
| 14714 LINCOLN AVENUE | THOMPSONVILLE | MI | 49683 | NONE | PC | FALL FESTIVAL | $5,923 | |
| RACQUET UP DETROIT | ||||||||
| PO BOX 11404 | DETROIT | MI | 48211 | NONE | PC | GENERAL | $10,000 | |
| MICHIGAN CANCER SOCIETY | ||||||||
| 1755 ABBEY ROAD | EAST LANSING | MI | 48823 | NONE | PC | FUNDS FOR RESEARCH | $10,000 | |
| LOYOLA HIGH SCHOOL | ||||||||
| 15325 PINEHURST | DETROIT | MI | 48023 | NONE | PC | FUNDS FOR TEACHER SALARIES AND BENEFITS | $25,000 | |
| DETROIT INSTITUTE OF ARTS | ||||||||
| 5200 WOODWARD AVE | DETROIT | MI | 48202 | NONE | PC | GENERAL | $50,000 | |
| IMMACULATE CONCEPTION SCHOOL | ||||||||
| 7043 CHURCH ROAD | FAIR HAVEN | MI | 48023 | NONE | PC | SCHOLARSHIPS | $25,000 | |
| WOUNDED WARRIOR PROJECT | ||||||||
| 370 7th ave room | TOPEKA | KS | 66675 | NONE | PC | GENERAL | $2,000 | PO BOX 758517 |
| Munson Hospital | ||||||||
| 210 Beaumont Place | Traverse City | MI | 49684 | NONE | PC | Electrophysiology Lab | $100,000 | |
| Dewayne R Hayes Foundation | ||||||||
| 1300 East Lafayette Unit 2810 | Detroit | MI | 48207 | NONE | PC | General | $2,500 | |
| St Jude's Children's Research Hospital | ||||||||
| 262 Danny Thomas Place | Memphis | TN | 38105 | Public | PC | General | $50,250 | |
| Shriner's Hospital for Children | ||||||||
| 2900 Rock Point Drive | Tampa | FL | 33607 | NONE | PC | General | $25,000 | |
| GESU CATHOLIC SCHOOL | ||||||||
| 17139 OAK DRIVE | DETROIT | MI | 48221 | NONE | PC | SCHOOL RENOVATIONS | $828,869 | |
| LIVING WATER | ||||||||
| 4001 GREENBRIAR DRIVE | STAFFORD | TX | 77477 | NONE | PC | GENERAL | $25,000 | |
| MCLAREN MACOMB HOSPITAL | ||||||||
| 1000 HARRINGTON BLVD | MT CLEMENS | MI | 48043 | NONE | PC | EMERGANCY AND TRAUMA CENTER | $500,000 | |
| POPE FRANCIS CENTER | ||||||||
| 438 SAINT ANTOINE | DETROIT | MI | 48226 | NONE | PC | GENERAL | $10,000 | |
| VIETNAM VETERANS OF AMERICA | ||||||||
| 2951 WOODWARD AVE | DETROIT | MI | 48201 | NONE | PC | GENERAL | $5,000 | |
| WIGS 4 KIDS | ||||||||
| 30126 HARPER | ST CLAIR SHORES | MI | 48082 | NONE | PC | CONSTRUCTION | $101,084 | |
| NEW PARADIGM FOR EDUCATION | ||||||||
| 1903 WILKINS ST | DETROIT | MI | 48207 | NONE | PC | GENERAL | $240,000 | |
| VILLAGE OF THOMPSONVILLE | ||||||||
| 14714 LINCOLN AVENUE | THOMPSONVILLE | MI | 49683 | NONE | PC | IMPROVEMENTS | $17,415 | |
| THE DAISY PROJECT | ||||||||
| PO BOX 182224 | SHELBY TOWNSHIP | MI | 48318 | NONE | PC | GENERAL | $1,500 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,722,920 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $451,863 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp |
Net Rental Income Personal Prop NetRentalIncomePersonalPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $484,043 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$33,548 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | K-1 PARTNERSHIP INCOME | Desc |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $45,504 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $947,862 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $947,862 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| WAYNE AND JOAN WEBBER | |||||||
| 1 | 44710 MORLEY DR | CLINTON TOWNSHIP | MI | 48036 | $9,361,022 | Yes (X) | Yes (X) |
| WEBBER DEVELOPMENT LLC | |||||||
| 2 | 44710 MORLEY DR | CLINTON TOWNSHIP | MI | 48036 | $757,312 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | HWY 83 SOUTH, BOX 122 | $17,000,000 | 2019-12-15 |
| 2 | 44837 MORLEY DRIVE | $1,300,000 | 2019-02-25 |
Depreciation Schedule DepreciationSchedule
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (2 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GOLDMAN SACHS ADV | $421,425 | $433,048 |
| GOLDMAN SACHS GOVT/CORP FI | $5,870,203 | $5,939,722 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| GOLDMAN SACHS ADV | $4,584,705 | $5,820,723 |
| GOLDMAN SACHS BRKG II | $1,421,196 | $1,714,179 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $2,006,918 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $2,028,805 | USGovtObligationsEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INVESTMENT IN SIGULAR GUFF | $110,589 | $441,591 |
| GOLDMAN SACHS ADV | $1,474,085 | $1,547,130 |
| GOLDMAN SACHS BRKG II | $919,150 | $1,072,309 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL/OTHER PROFESSIONAL FEES | CategoryTxt |
| Legal Fees | $8,001 | LegalFeesAmt |
| Disbursements Charitable Prps | $8,001 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| OFFICE EXPENSE | $6,652 | $6,652 | |
| OTHER PORTFOLIO DEDUCTIONS | $14,032 | $14,032 | |
| CUSTODIAN FEES | $61,340 | $61,340 | |
| AMORTIZATION EXPENSE | $10,245 | $10,245 | |
| INSURANCE EXPENSE | $13,620 | $13,620 | |
| OTHER ORDINARY LOSSES | $27,058 | $27,058 | |
| EXPENSES FROM 988 CONTRACTS | $78 | $78 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INCOME FROM 988 CONTRACTS | ||
| OTHER PORTFOLIO INCOME | $23 | $23 |
| Rental Income from K-1 | $538 | $538 |
| Other Rental Income | $484,043 | $484,043 |
| ROYALTY INCOME from K-1 | $1,427 | $1,427 |
| Dividends from K-1s | $26,929 | $26,929 |
| Interest from K-1s | $10,228 | $10,228 |
| Other Income | $162 | $162 |
| Subpart F Income | $6,197 | $6,197 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LOAN PAYABLE | Desc |
| BOY Book Value | $5,064,548 | BOYBookValueAmt |
| EOY Book Value | $5,064,548 | EOYBookValueAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FOREIGN TAXES | $3,668 | $3,668 | |
| PAYROLL TAXES | $10,437 | $10,437 |
Comments