WEP FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
WEP FOUNDATION (EIN 47-0986248)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-12
IRS object ID
202043179349102544
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)
Return2020-11-12T16:46:59-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813146074PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROWN HIERS KINDER LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1701 EAST BAY STREET STE 410AddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP294035094ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN470986248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WEP FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWEPFBusinessNameControlTxt
Phone8435772551PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID P BROWNPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8435772551PhoneNum
Signature2020-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL R HIERSPreparerPersonNm
PTINP00793615PTIN
Phone8438047069PhoneNum
Preparation2020-11-12PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address52.38.98.93IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-12IPDt
IP Tm16:46:59IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdAACE998A25E0FBC0DE274CCAFB93FEA9593851B7AtSubmissionCreationDeviceId
At Submission Filing Device Id695DCA1F0BCC295C6BD7519A62C132B5BA967893AtSubmissionFilingDeviceId
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$507,787FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$91,825ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$125InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$125InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$23,002DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,002DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$13,352NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$99,558GrossSalesPriceAmt
Total Rev And Expnss$101,600TotalRevAndExpnssAmt
Total Net Invst Incm$23,127TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$30,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$9,900CompOfcrDirTrstNetInvstIncmAmt
Pension Empl Bnft Rev And Expnss$2,459PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$811PensionEmplBnftNetInvstIncmAmt
Legal Fees Rev And Expnss$4,103LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$750AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$4,026OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,169OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$42,088TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,630TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$11,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$11,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$53,088TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,630TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$11,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$48,512ExcessRevenueOverExpensesAmt
Net Investment Income$9,497NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$26,611CashBOYAmt
Cash EOY$20,291CashEOYAmt
Cash EOYFMV$20,291CashEOYFMVAmt
Corporate Stock BOY$394,572CorporateStockBOYAmt
Corporate Stock EOY$449,404CorporateStockEOYAmt
Corporate Stock EOYFMV$487,496CorporateStockEOYFMVAmt
Total Assets BOY$421,183TotalAssetsBOYAmt
Total Assets EOY$469,695TotalAssetsEOYAmt
Total Assets EOYFMV$507,787TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$421,183NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$469,695NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$421,183TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$469,695TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$421,183TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$469,695TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$421,183TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$48,512ExcessRevenueOverExpensesAmt
Subtotal$469,695SubtotalAmt
Tot Net Ast Or Fund Balances EOY$469,695TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$34,625AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$413,765NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.083683DistributionYr1Rt
Adjusted Qlfy Distri Yr2$16,150AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$331,693NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.048690DistributionYr2Rt
Adjusted Qlfy Distri Yr3$19,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$276,059NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.068826DistributionYr3Rt
Adjusted Qlfy Distri Yr4$13,750AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$164,774NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.083448DistributionYr4Rt
Adjusted Qlfy Distri Yr5$10,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$8,804NetVlNoncharitableAssetsYr5Amt
Distribution Yr51.135847DistributionYr5Rt
Total Distribution1.420494TotalDistributionRt
Average Distribution0.284099AverageDistributionRt
Net Vl Noncharitable Assets$492,085NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$139,801AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$95NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$139,896AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$11,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$190InvestmentIncomeExciseTaxAmt
Subtotal$190SubtotalAmt
Tax Based On Investment Income$190TaxBasedOnInvestmentIncomeAmt
Tax Due$190TaxDueAmt

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
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
Individual With BooksWALKER BUXTONIndividualWithBooksNm
Phone8435772551PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WALKER BUXTON
2 COCHRAN COURTCHARLESTONSC29407DIRECTOR10.00$30,000$0$0
MEREDITH GRIER BUYCK
210 LITTLE PALM LOOPMOUNT PLEASANTSC29464SECRETARY000.00$0$0$0
DAVID P BROWN
701 EAST BAY STREET STE 410CHARLESTONSC29403TREASURER000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$454,786AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$44,793AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$499,579TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$499,579AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,494CashDeemedCharitableAmt
Net Vl Noncharitable Assets$492,085NetVlNoncharitableAssetsAmt
Minimum Investment Return$24,604MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$24,604MinimumInvestmentReturnAmt
Tax Based On Investment Income$190TaxBasedOnInvestmentIncomeAmt
Total Tax$190TotalTaxAmt
Distributable Before Adj$24,414DistributableBeforeAdjAmt
Distributable Before Ded$24,414DistributableBeforeDedAmt
Distributable As Adjusted$24,414DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$11,000ExpensesAndContributionsAmt
Qualifying Distributions$11,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$11,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$24,414DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$9,904ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$5,715ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$5,320ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$14,497ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$35,436TotalExcessDistributionCyovAmt
Qualifying Distributions$11,000QualifyingDistributionsAmt
Applied To Current Year$11,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$13,414ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$13,414ExcessDistributionCyovAppCYAmt
Total Corpus$22,022TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$22,022ExcessDistriCyovToNextYrAmt
Excess From Year4$2,205ExcessFromYear4Amt
Excess From Year3$5,320ExcessFromYear3Amt
Excess From Year1$14,497ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWALKER BUXTONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8434780346RecipientPhoneNum
Recipient Email AddressWALKERPMBUXTON@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsLETTER DETAILING NEEDS AND PROPOSED USE OF FUNDSFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PORTER GAUD SCHOOL
300 ALBERMARLE RDCHARLESTONSC29407GENERAL SUPPORT$10,000
CHARLESTON LIBRARY SOCIETY
164 KING STCHARLESTONSC29401GENERAL SUPPORT$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$11,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$125ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$23,002RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$13,352ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$13,227ExclusionAmt
Related Or Exempt Function Incm$23,002RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,775TotalIncomeProducingActyAmt

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)
CategoryTAX PREPARATION FEESCategoryTxt
Amt$1,500Amt
Net Investment Income$750NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetLPL FINANCIALAssetDesc
How AcquiredPURCHASEHowAcquiredTxt
Sold2019-12SoldDt

Purchaser Name PurchaserNameGrp

FieldValueIRS element (for citing)
PersonLPL FINANCIALPersonNm
FieldValueIRS element (for citing)
Gross Sales Price$99,558GrossSalesPriceAmt
Basis$112,910BasisAmt
Total Net-$13,352TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockWELLS FARGO BROKERAGE ACCTStockNm
EOY Book Value$449,404EOYBookValueAmt
EOYFMV$487,496EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$4,103LegalFeesAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
ADVISORY FEES$2,076$2,076
PROFESSIONAL FEES$1,782$93
OTHER FEES$168

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