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CBIS FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
CBIS FOUNDATION INC (EIN 20-3362453)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-08-25
IRS object ID
202022389349100907
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-08-25T01:22:06-00:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

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 Begin2019-07-01TaxPeriodBeginDt

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)
PersonLONNIE WOLLINPersonNm
Person TitleSECRETARYPersonTitleTxt
Signature2020-08-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLONNIE E WOLLINPreparerPersonNm
Phone2018168404PhoneNum
Preparation2020-08-25PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address71.251.216.140IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-08-25IPDt
IP Tm16:18:05IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdACD73FF2E93A8359B1847D98273006518E9C6F95AtSubmissionCreationDeviceId
At Submission Filing Device IdACD73FF2E93A8359B1847D98273006518E9C6F95AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2020-11-19 02:30:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,504,083FMVAssetsEOYAmt
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$85,549DividendsRevAndExpnssAmt
Dividends Net Invst Incm$85,549DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$85,549TotalRevAndExpnssAmt
Total Net Invst Incm$85,549TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,710AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$370OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,105TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$220,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$220,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$224,105TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$220,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$138,556ExcessRevenueOverExpensesAmt
Net Investment Income$85,549NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$28,806CashBOYAmt
Cash EOY$4,701CashEOYAmt
Cash EOYFMV$4,701CashEOYFMVAmt
Corporate Stock BOY$3,830,992CorporateStockBOYAmt
Corporate Stock EOY$3,799,748CorporateStockEOYAmt
Corporate Stock EOYFMV$3,499,382CorporateStockEOYFMVAmt
Other Assets BOY$83,207OtherAssetsBOYAmt
Total Assets BOY$3,943,005TotalAssetsBOYAmt
Total Assets EOY$3,804,449TotalAssetsEOYAmt
Total Assets EOYFMV$3,504,083TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,943,005RetainedEarningBOYAmt
Retained Earning EOY$3,804,449RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,943,005TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,804,449TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,943,005TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,804,449TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,943,005TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$138,556ExcessRevenueOverExpensesAmt
Subtotal$3,804,449SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,804,449TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$202,924AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$3,830,058NetVlNoncharitableAssetsYr1Amt
Distribution Yr1000000.052982DistributionYr1Rt
Adjusted Qlfy Distri Yr2$40,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$3,962,419NetVlNoncharitableAssetsYr2Amt
Distribution Yr2000000.010095DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$3,236,394NetVlNoncharitableAssetsYr3Amt
Adjusted Qlfy Distri Yr4$5,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$2,387,357NetVlNoncharitableAssetsYr4Amt
Distribution Yr4000000.002094DistributionYr4Rt
Net Vl Noncharitable Assets Yr5$2,643,102NetVlNoncharitableAssetsYr5Amt
Total Distribution000000.065171TotalDistributionRt
Average Distribution000000.013034AverageDistributionRt
Net Vl Noncharitable Assets$3,779,342NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$49,260AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$855NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$50,115AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$220,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$855InvestmentIncomeExciseTaxAmt
Subtotal$855SubtotalAmt
Tax Based On Investment Income$855TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,794EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,794TotalPaymentsAndCreditsAmt
Original Return Tax Paid$4,794OriginalReturnTaxPaidAmt
Overpayment$3,939OverpaymentAmt
Applied To ES Tax$3,939AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
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 RqrfalseComplyWithPublicInspRqrInd
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$3,821,780AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$15,115AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,836,895TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,836,895AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$57,553CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,779,342NetVlNoncharitableAssetsAmt
Minimum Investment Return$188,967MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$188,967MinimumInvestmentReturnAmt
Tax Based On Investment Income$855TaxBasedOnInvestmentIncomeAmt
Total Tax$855TotalTaxAmt
Distributable Before Adj$188,112DistributableBeforeAdjAmt
Distributable Before Ded$188,112DistributableBeforeDedAmt
Distributable As Adjusted$188,112DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$220,000ExpensesAndContributionsAmt
Qualifying Distributions$220,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$855PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$219,145AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$188,112DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$25,573ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$25,573TotalExcessDistributionCyovAmt
Qualifying Distributions$220,000QualifyingDistributionsAmt
Applied To Current Year$188,112AppliedToCurrentYearAmt
Remaining Distri From Corpus$31,888RemainingDistriFromCorpusAmt
Total Corpus$57,461TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$57,461ExcessDistriCyovToNextYrAmt
Excess From Year1$25,573ExcessFromYear1Amt
Excess From Current Year$31,888ExcessFromCurrentYearAmt

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 (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
UCI Foundation
333 City Boulevard West Sutie 605OrangeCA92868N/APCEducational$50,000
CHP 11-99 Foundation
2244 N State College BlvdFullertonCA92831N/APCCharitable$5,000
Friends of UCI Rowing
PO Box 8855Newport BeachCA92658N/APCEducational$10,000
Orange Coast College Foundation
2701 Fairview RoadCosta MesaCA92626N/APCEducational$10,000
Casa Teresa
PO Box 429OrangeCA92856N/APCCharitable$5,000
Pacifica Christian High School
883 West 15th StreetNewport BeachCA92663N/APCEducational$100,000
Hoag Hospital Foundation
330 Placentia Ave Suite 100Newport BeachCA92663N/APCCharitable$25,000
Sam and Alfreda Maloof Foundation
5131 Carnelian StAlta LomaCA91730N/APCEducational$5,000
Christian Family Montessori School
201 Allison Street NW Suite BWashingtonDC20011N/APCEducational$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$220,000TotalGrantOrContriPdDurYrAmt

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$3,710Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (3 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MPLX LP$249,757$181,440
SANUWAVE HEALTH$1,603$4,300
SCHWAB- T BILLS$3,548,388$3,313,642

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescFINAL PAYMENT FROM SALE OF EDENBROOKDesc
BOY Book Value$83,207BOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescDELAWARE REP FEEDesc
Revenue And Expenses Per Books$370RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTax on investment incomeCategoryTxt
Amt$25Amt

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