WEP FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
WEP FOUNDATION (EIN 47-0986248)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-04-12
IRS object ID
201831029349100208
Schema version
2017v2.3
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)
Return2018-04-12T13:02:01-04:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813146074PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROWN HIERS & ASSOCIATES 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 Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN470986248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WALKER & EDDIE BUXTON FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlWALKBusinessNameControlTxt
Phone8435772551PhoneNum

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEDWARD BUXTONPersonNm
Person TitleDIRECTOSPersonTitleTxt
Phone8435772551PhoneNum
Signature2018-04-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID P BROWNPreparerPersonNm
PTINP01625674PTIN
Phone8438011502PhoneNum
Preparation2018-04-11PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$360,195FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,550ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$21InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$21InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$5,441DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,441DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$17,467NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$47,150GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$13,339CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$39OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$25,518TotalRevAndExpnssAmt
Total Net Invst Incm$18,801TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,025AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$513AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$1,329OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,329OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$151TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,505TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,842TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$16,150ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$16,150ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$18,655TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,842TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$16,150TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$6,863ExcessRevenueOverExpensesAmt
Net Investment Income$16,959NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$30,625CashBOYAmt
Cash EOY$17,817CashEOYAmt
Cash EOYFMV$17,817CashEOYFMVAmt
Corporate Stock BOY$298,872CorporateStockBOYAmt
Corporate Stock EOY$318,543CorporateStockEOYAmt
Corporate Stock EOYFMV$342,378CorporateStockEOYFMVAmt
Total Assets BOY$329,497TotalAssetsBOYAmt
Total Assets EOY$336,360TotalAssetsEOYAmt
Total Assets EOYFMV$360,195TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$329,497UnrestrictedBOYAmt
Unrestricted EOY$336,360UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$329,497TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$336,360TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$329,497TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$336,360TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$329,497TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$6,863ExcessRevenueOverExpensesAmt
Subtotal$336,360SubtotalAmt
Tot Net Ast Or Fund Balances EOY$336,360TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$13,339CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$19,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$276,059NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.068826DistributionYr1Rt
Adjusted Qlfy Distri Yr2$13,750AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$164,774NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.083448DistributionYr2Rt
Adjusted Qlfy Distri Yr3$10,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$8,804NetVlNoncharitableAssetsYr3Amt
Distribution Yr31.135847DistributionYr3Rt
Total Distribution1.288121TotalDistributionRt
Average Distribution0.429374AverageDistributionRt
Net Vl Noncharitable Assets$331,693NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$142,420AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$170NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$142,590AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$16,150QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$339InvestmentIncomeExciseTaxAmt
Subtotal$339SubtotalAmt
Tax Based On Investment Income$339TaxBasedOnInvestmentIncomeAmt
Tax Due$339TaxDueAmt

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
Org Report Or Register StateSCOrgReportOrRegisterStateCd
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 PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
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

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
EDWARD BUXTON
2 COCHRAN COURTCHARLESTONSC29407DIRECTOS000.00$0$0$0
WALKER BUXTON
2 COCHRAN COURTCHARLESTONSC29407DIRECTOR000.00$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$20,352AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$316,392AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$336,744TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$336,744AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,051CashDeemedCharitableAmt
Net Vl Noncharitable Assets$331,693NetVlNoncharitableAssetsAmt
Minimum Investment Return$16,585MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$16,585MinimumInvestmentReturnAmt
Tax Based On Investment Income$339TaxBasedOnInvestmentIncomeAmt
Total Tax$339TotalTaxAmt
Distributable Before Adj$16,246DistributableBeforeAdjAmt
Distributable Before Ded$16,246DistributableBeforeDedAmt
Distributable As Adjusted$16,246DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$16,150ExpensesAndContributionsAmt
Qualifying Distributions$16,150QualifyingDistributionsAmt
Adjusted Qualifying Distri$16,150AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$16,246DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$10,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$5,715ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,320ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$21,035TotalExcessDistributionCyovAmt
Qualifying Distributions$16,150QualifyingDistributionsAmt
Applied To Current Year$16,150AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$96ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$96ExcessDistributionCyovAppCYAmt
Total Corpus$20,939TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$20,939ExcessDistriCyovToNextYrAmt
Excess From Year3$9,904ExcessFromYear3Amt
Excess From Year2$5,715ExcessFromYear2Amt
Excess From Year1$5,320ExcessFromYear1Amt

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 (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ASHLEY HALL SCHOOL
172 RUTLEDGE AVECHARLESTONSC29403NONEPCGLOBAL STUDIES$2,500
MEDICAL UNIVERSITY OF SC
18 BEE STREETCHARLESTONSC29425NONEPCGENERAL SUPPORT$2,500
CHARLESTON PROMISEE NEIGBORHOOD
1819 MEETING ST ROADN CHASSC29405NONEPCGENERAL SUPPPORT$5,000
GRACE EPISCOPAL CATHEDRAL
98 WENTWORTH STREETCHARLESTONSC29401NONEPCGENERAL SUPPORT$1,500
ROTARY CLUB OF CHARLESTON
PO BOX 21029CHARLESTONSC29413NONEPCGENERAL SUPPORT$3,400
YOUNG LIFE
126 COMING STREETCHARLESTONSC29403NONEPCGENERAL SUPPORT$1,000
JDRF
26 BROADWAY 14TH FLOORNEW YORKNY10004NONEPCGENERAL SUPPORT$250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$16,150TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$21ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$5,441ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$17,467ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescRETURN OF CAPITALDesc
Related Or Exempt Function Incm$39RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$22,929ExclusionAmt
Related Or Exempt Function Incm$39RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$22,968TotalIncomeProducingActyAmt

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$1,025Amt
Net Investment Income$513NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
LAZARD FDS INC INTL EQUITY PORT INSTPURCHASE2017-11$10,652$8,994$1,658
LAZARDS FDS INC INTL EQUITY PORT INSPURCHASE2017-11$23,159$20,689$2,470

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockWELLS FARGO BROKERAGE ACCTStockNm
EOY Book Value$318,543EOYBookValueAmt
EOYFMV$342,378EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescRETURN OF CAPITALDesc
Revenue And Expenses Per Books$39RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$1,329Amt
Net Investment Income$1,329NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
2015 EXCISE TAX
FOREIGN TAX PAID$151

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