WAHOOS FAMILY FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
WAHOOS FAMILY FOUNDATION (EIN 45-0472265)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-07-20
IRS object ID
201842019349100004
Schema version
2017v2.2
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)
Return2018-07-20T10:03:12-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-07-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRichard WhitePreparerPersonNm
PTINP00116481PTIN
Phone9494747012PhoneNum
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$893,216FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$40,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$10,582InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10,582InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$10,582InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$12,128DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,128DividendsNetInvstIncmAmt
Dividends Adj Net Incm$12,128DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$30,160NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$190,741GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$30,160CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$3,349NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$92,870TotalRevAndExpnssAmt
Total Net Invst Incm$52,870TotalNetInvstIncmAmt
Total Adj Net Incm$26,059TotalAdjNetIncmAmt
Taxes Rev And Expnss$821TaxesRevAndExpnssAmt
Taxes Net Invst Incm$821TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$12,698OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$12,698OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$13,519TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$13,519TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$43,914ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$43,914ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$57,433TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$13,519TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$43,914TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$35,437ExcessRevenueOverExpensesAmt
Net Investment Income$39,351NetInvestmentIncomeAmt
Adjusted Net Income$26,059AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$80,350CashBOYAmt
Cash EOY$51,721CashEOYAmt
Cash EOYFMV$51,721CashEOYFMVAmt
Other Investments BOY$607,757OtherInvestmentsBOYAmt
Other Investments EOY$671,823OtherInvestmentsEOYAmt
Other Investments EOYFMV$841,495OtherInvestmentsEOYFMVAmt
Total Assets BOY$688,107TotalAssetsBOYAmt
Total Assets EOY$723,544TotalAssetsEOYAmt
Total Assets EOYFMV$893,216TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$688,107UnrestrictedBOYAmt
Unrestricted EOY$723,544UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$688,107TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$723,544TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$688,107TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$723,544TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$688,107TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$35,437ExcessRevenueOverExpensesAmt
Subtotal$723,544SubtotalAmt
Tot Net Ast Or Fund Balances EOY$723,544TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Charles SchwabP2017-01-012017-12-31$27,652$24,563$3,089$3,089
Charles SchwabP2017-01-012017-12-31$19,168$18,908$260$260
Charles SchwabP2001-01-012017-12-31$105,670$85,905$19,765$19,765
Charles SchwabP2001-01-012017-12-31$38,251$31,205$7,046$7,046
FieldValueIRS element (for citing)
Capital Gain Net Income$30,160CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$3,349NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$787InvestmentIncomeExciseTaxAmt
Subtotal$787SubtotalAmt
Tax Based On Investment Income$787TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$249EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$249TotalPaymentsAndCreditsAmt
Tax Due$538TaxDueAmt

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

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$51,721AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$841,495FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$893,216TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$893,216AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,398CashDeemedCharitableAmt
Net Vl Noncharitable Assets$879,818NetVlNoncharitableAssetsAmt
Minimum Investment Return$43,991MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$43,991MinimumInvestmentReturnAmt
Tax Based On Investment Income$787TaxBasedOnInvestmentIncomeAmt
Total Tax$787TotalTaxAmt
Distributable Before Adj$43,204DistributableBeforeAdjAmt
Distributable Before Ded$43,204DistributableBeforeDedAmt
Distributable As Adjusted$43,204DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$43,914ExpensesAndContributionsAmt
Qualifying Distributions$43,914QualifyingDistributionsAmt
Adjusted Qualifying Distri$43,914AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$43,204DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$50,225ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$8,607ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$15,580ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$74,412TotalExcessDistributionCyovAmt
Qualifying Distributions$43,914QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$43,204AppliedToCurrentYearAmt
Remaining Distri From Corpus$710RemainingDistriFromCorpusAmt
Total Corpus$75,122TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$75,122ExcessDistriCyovToNextYrAmt
Excess From Year4$50,225ExcessFromYear4Amt
Excess From Year3$8,607ExcessFromYear3Amt
Excess From Year1$15,580ExcessFromYear1Amt
Excess From Current Year$710ExcessFromCurrentYearAmt

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
SOMEONE CARES SOUP KITCHEN
720 W 19TH STREETCOSTA MESACA92626PCONGOING COMMUNITY SERVICE$2,000
THOMAS HOUSE FAMILY SHELTER
PO BOX 2737GARDEN GROVECA92842PCFUND ONGOING SERVICES FOR NEEDS$8,200
WAHOO'S SCHOLARSHIP
2855 PULLMAN STREETSANTA ANACA92705VARIOUSSCHOOL FUND ONGOING SERVICES FOR NEEDS$16,004
BUDDHIST TZU CHI FOUNDATION
1100 S VALLEY CENTER AVESAN DIMASCA91773PCMATTHEW - 10/05/17 05:48PM WORKSHEET PRIVATE FOUNDATION$12,500
SUNSHINE DAY PROGRAM
2855 PULLMAN STREETSANTA ANCA92705PCFUND ONGOING SERVICES FOR NEEDS$4,000
NEWPORT HARBOR HIGH SCHOOL SURF TEA
600 IRVINE AVENUENEWPORT BEACHCA92705VARIOUSSCHOOLSFUND ONGOING SERVICES FOR NEEDS$250
Share Our Strength Event
1030 15Th Street NW Suite 1100WWashingtonDC20005VARIOUSFunds ongoing services for Kids needs.$960
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$43,914TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,582ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,128ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$30,160RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$22,710ExclusionAmt
Related Or Exempt Function Incm$30,160RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$52,870TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
EDUARDO LEE
112 BARISTOIRVINECA92612$20,000Yes (X)
RENATO LEE
2335 WALNUT STREETCOSTA MESACA92627$10,000Yes (X)
CHEONG LEE
3211 AMETHYST AVENUEBALBOACA92662$10,000Yes (X)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
ADR fees$31$31
Bank charges$28$28
FINANCIAL FEES$6,011$6,011
INVESTMENT EXPENSES$5,983$5,983
OFFICE SUPPLIES$645$645

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$801$801
STATE TAX$20$20

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.