WLM FAMILY FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: WLM FAMILY FOUNDATION INC (EIN 81-0852870)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-11-12
IRS object ID: 201813169349101811
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
Form 990-PF
Schedule B
Accounting Fees Schedule
General Explanation Attachment

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-11-12T19:29:54-08:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Kliger and Zoldan PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	16 South Clifton Ave ste 200	AddressLine1Txt
City	Lakewood	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	08701	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2017-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	810852870	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE WLM FAMILY FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	WLMF	BusinessNameControlTxt
Phone	7323705300	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	920 E COUNTY LINE RD	AddressLine1Txt
City	LAKEWOOD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	08701	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MORRIS WEINBERG	PersonNm
Person Title	OFFICER	PersonTitleTxt
Phone	7323705300	PhoneNum
Signature	2018-11-12	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LEAH KLIGER	PreparerPersonNm
PTIN	P00059064	PTIN
Phone	7323705300	PhoneNum
Self Employed	Yes (X)	SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	192.64.214.121	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2018-11-12	IPDt
IP Tm	19:29:37	IPTm
IP Timezone	PS	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	AB5C9EB76FCB9212F8A0DDD223F6E56C0F9C62D4	AtSubmissionCreationDeviceId
At Submission Filing Device Id	AB5C9EB76FCB9212F8A0DDD223F6E56C0F9C62D4	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$118,340	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$145,000	ContriRcvdRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$145,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$850	AccountingFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$850	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$27,460	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$27,460	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$28,310	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$27,460	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$116,690	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$1,650	CashBOYAmt
Cash EOY	$118,340	CashEOYAmt
Cash EOYFMV	$118,340	CashEOYFMVAmt
Total Assets BOY	$1,650	TotalAssetsBOYAmt
Total Assets EOY	$118,340	TotalAssetsEOYAmt
Total Assets EOYFMV	$118,340	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$1,650	UnrestrictedBOYAmt
Unrestricted EOY	$118,340	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$1,650	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$118,340	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,650	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$118,340	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,650	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$116,690	ExcessRevenueOverExpensesAmt
Subtotal	$118,340	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$118,340	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Adjusted Qlfy Distri Yr1	$55,855	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$26,585	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	2.100997	DistributionYr1Rt
Total Distribution	2.100997	TotalDistributionRt
Average Distribution	2.100997	AverageDistributionRt
Net Vl Noncharitable Assets	$11,252	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$23,640	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$23,640	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$27,460	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Tax Based On Investment Income	$0	TaxBasedOnInvestmentIncomeAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NJ	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	false	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (true)	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	CORPORATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7323705300	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	920 E COUNTY LINE RD	AddressLine1Txt
City	LAKEWOOD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	08701	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
MORRIS WEINBERG
920 EAST COUNTY LINE RDSTE 103	LAKEWOOD	NJ	08701	PRESIDENT	1.00	$0	$0	$0
JEFFREY ZWICK
266 BROADWAY SUITE 403	BROOKLYN	NY	11211	SECRETARY	1.00	$0	$0	$0
ELIEZER FARKAS
117 FOURTH STREET	LAKEWOOD	NJ	08701	TREASURER	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$11,423	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$11,423	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$11,423	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$171	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$11,252	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$563	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$563	MinimumInvestmentReturnAmt
Distributable Before Adj	$563	DistributableBeforeAdjAmt
Distributable Before Ded	$563	DistributableBeforeDedAmt
Distributable As Adjusted	$563	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$27,460	ExpensesAndContributionsAmt
Qualifying Distributions	$27,460	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$27,460	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$563	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$54,526	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$54,526	TotalExcessDistributionCyovAmt
Qualifying Distributions	$27,460	QualifyingDistributionsAmt
Applied To Current Year	$563	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$26,897	RemainingDistriFromCorpusAmt
Total Corpus	$81,423	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$81,423	ExcessDistriCyovToNextYrAmt
Excess From Year1	$54,526	ExcessFromYear1Amt
Excess From Current Year	$26,897	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	MORRIS WEINBERG	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SEE ATTACHED REPORT	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	VARIOUS	AddressLine1Txt
City	Lakewood	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	08701	ZIPCd

Field	Value	IRS element (for citing)
Recipient Foundation Status	N/A	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	CHARITABLE	GrantOrContributionPurposeTxt
Amt	$27,460	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$27,460	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	MORRIS WEINBERG	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	920 EAST COUNTY LINE ROAD SUITE 103	AddressLine1Txt
City	Lakewood	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	08701	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$145,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	KLIGER & CO ACCOUNTING	CategoryTxt
Amt	$850	Amt

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

Field	Value	IRS element (for citing)
Form And Line Reference	PART VII-A, 8B:	FormAndLineReferenceDesc
Medium Explanation	THIS ENTITY MEETS THE NJ EXCEPTION & IS NOT REQUIRED TO REGISTER. SUBSTANTIAL CONTRIBUTERS: MORRIS WEINBERG, 920 EAST COUNTY LINE ROAD SUITE 103, LAKEWOOD, NJ 08701	MediumExplanationTxt

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