WAHOOS FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
WAHOOS FAMILY FOUNDATION (EIN 45-0472265)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-05-15
IRS object ID
201901359349102740
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-05-15T17:57:14-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRichard WhitePreparerPersonNm
PTINP00116481PTIN
Phone9494747012PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$815,844FMVAssetsEOYAmt
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$6,053InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6,053InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$6,053InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$15,834DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,834DividendsNetInvstIncmAmt
Dividends Adj Net Incm$15,834DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$25,709NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$126,480GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$25,709CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$4,838NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$47,596TotalRevAndExpnssAmt
Total Net Invst Incm$47,596TotalNetInvstIncmAmt
Total Adj Net Incm$26,725TotalAdjNetIncmAmt
Taxes Rev And Expnss$812TaxesRevAndExpnssAmt
Taxes Net Invst Incm$812TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$17,445OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$17,445OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$18,257TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$18,257TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$47,620ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$47,620ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,877TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$18,257TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$47,620TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$18,281ExcessRevenueOverExpensesAmt
Net Investment Income$29,339NetInvestmentIncomeAmt
Adjusted Net Income$26,725AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$51,721CashBOYAmt
Cash EOY$6,668CashEOYAmt
Cash EOYFMV$6,668CashEOYFMVAmt
Other Investments BOY$671,823OtherInvestmentsBOYAmt
Other Investments EOY$655,527OtherInvestmentsEOYAmt
Other Investments EOYFMV$809,176OtherInvestmentsEOYFMVAmt
Total Assets BOY$723,544TotalAssetsBOYAmt
Total Assets EOY$662,195TotalAssetsEOYAmt
Total Assets EOYFMV$815,844TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$723,544UnrestrictedBOYAmt
Unrestricted EOY$662,195UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$723,544TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$662,195TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$723,544TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$662,195TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$723,544TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$18,281ExcessRevenueOverExpensesAmt
Subtotal$705,263SubtotalAmt
Other Decreases$43,068OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$662,195TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Charles SchwabP2018-01-012018-12-31$43,150$38,312$4,838$4,838
Charles SchwabP2001-01-012018-12-31$83,330$62,459$20,871$20,871
FieldValueIRS element (for citing)
Capital Gain Net Income$25,709CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$4,838NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$587InvestmentIncomeExciseTaxAmt
Subtotal$587SubtotalAmt
Tax Based On Investment Income$587TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$23EsPenaltyAmt
Tax Due$610TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
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 Line12855 PULLMAN STREETAddressLine1Txt
CitySANTA ANACityNm
State AbbreviationCAStateAbbreviationCd
ZIP92705ZIPCd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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$6,668AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$655,527FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$662,195TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$662,195AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,933CashDeemedCharitableAmt
Net Vl Noncharitable Assets$652,262NetVlNoncharitableAssetsAmt
Minimum Investment Return$32,613MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$32,613MinimumInvestmentReturnAmt
Tax Based On Investment Income$587TaxBasedOnInvestmentIncomeAmt
Total Tax$587TotalTaxAmt
Distributable Before Adj$32,026DistributableBeforeAdjAmt
Distributable Before Ded$32,026DistributableBeforeDedAmt
Distributable As Adjusted$32,026DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$47,620ExpensesAndContributionsAmt
Qualifying Distributions$47,620QualifyingDistributionsAmt
Adjusted Qualifying Distri$47,620AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$32,026DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$50,225ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$8,607ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$15,580ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$710ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$75,122TotalExcessDistributionCyovAmt
Qualifying Distributions$47,620QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$32,026AppliedToCurrentYearAmt
Remaining Distri From Corpus$15,594RemainingDistriFromCorpusAmt
Total Corpus$90,716TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$50,225ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$40,491ExcessDistriCyovToNextYrAmt
Excess From Year4$8,607ExcessFromYear4Amt
Excess From Year2$15,580ExcessFromYear2Amt
Excess From Year1$710ExcessFromYear1Amt
Excess From Current Year$15,594ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DOCTORS WITHOUT BORDERS
333 7TH AVENUE 2ND FLNEW YORKNY10001PCFUND ONGOING SERVICES FOR NEEDS$1,000
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$21,200
WAHOO'S SCHOLARSHIP
2855 PULLMAN STREETSANTA ANACA92705VARIOUSSCHOOL FUND ONGOING SERVICES FOR NEEDS$17,920
SUNSHINE DAY PROGRAM
2855 PULLMAN STREETSANTA ANCA92705PCFUND ONGOING SERVICES FOR NEEDS$4,000
Woodbridge HS Baseball
2 MeadowbrookIrvineCA92604PCFUND ONGOING SERVICES FOR NEEDS$500
Best Friends Animal Shelter
15321 S Brand BlvdMission HillsCA91345PCFUND ONGOING SERVICES FOR NEEDS$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$47,620TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6,053ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,834ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$25,709RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$21,887ExclusionAmt
Related Or Exempt Function Incm$25,709RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$47,596TotalIncomeProducingActyAmt

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Accounting$2,450$2,450
Bank charges$3$3
FINANCIAL FEES$6,917$6,917
INVESTMENT EXPENSES$6,897$6,897
Legal Fees$95$95
OFFICE SUPPLIES$992$992
Travel$91$91

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Federal Tax$538$538
FOREIGN TAX$264$264
STATE TAX$10$10

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