WEP FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
WEP FOUNDATION (EIN 47-0986248)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-13
IRS object ID
201743179349101014
Schema version
2016v3.0
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)
Return2017-11-13T10:46:43-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID P BROWNPreparerPersonNm
PTINP01625674PTIN
Phone8438011502PhoneNum
Preparation2017-11-13PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdDA0BFC1D7EEB97DFC8E3018F2B497D4275FCE6DAAtSubmissionCreationDeviceId
At Submission Filing Device Id0A75A7027964B4D5A0CB38566EA0E46CD53C65CCAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$320,661FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$91,825ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$3,486DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,486DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$4,330NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$4,330GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,330CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$110OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$99,754TotalRevAndExpnssAmt
Total Net Invst Incm$7,819TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,533AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$766AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$927OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$927OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$204TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,664TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,693TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$19,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$19,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$22,164TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,693TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$19,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$77,590ExcessRevenueOverExpensesAmt
Net Investment Income$6,126NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$34,344CashBOYAmt
Cash EOY$30,625CashEOYAmt
Cash EOYFMV$30,625CashEOYFMVAmt
Corporate Stock BOY$217,563CorporateStockBOYAmt
Corporate Stock EOY$298,872CorporateStockEOYAmt
Corporate Stock EOYFMV$290,036CorporateStockEOYFMVAmt
Total Assets BOY$251,907TotalAssetsBOYAmt
Total Assets EOY$329,497TotalAssetsEOYAmt
Total Assets EOYFMV$320,661TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$251,907UnrestrictedBOYAmt
Unrestricted EOY$329,497UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$251,907TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$329,497TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$251,907TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$329,497TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$251,907TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$77,590ExcessRevenueOverExpensesAmt
Subtotal$329,497SubtotalAmt
Tot Net Ast Or Fund Balances EOY$329,497TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$4,330CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$13,750AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$164,774NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.083448DistributionYr1Rt
Adjusted Qlfy Distri Yr2$10,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$8,804NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.135847DistributionYr2Rt
Total Distribution1.219295TotalDistributionRt
Average Distribution0.609648AverageDistributionRt
Net Vl Noncharitable Assets$276,059NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$168,299AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$61NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$168,360AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$19,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$123InvestmentIncomeExciseTaxAmt
Subtotal$123SubtotalAmt
Tax Based On Investment Income$123TaxBasedOnInvestmentIncomeAmt
Tax Due$123TaxDueAmt

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$247,779AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$32,484AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$280,263TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$280,263AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,204CashDeemedCharitableAmt
Net Vl Noncharitable Assets$276,059NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,803MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,803MinimumInvestmentReturnAmt
Tax Based On Investment Income$123TaxBasedOnInvestmentIncomeAmt
Total Tax$123TotalTaxAmt
Distributable Before Adj$13,680DistributableBeforeAdjAmt
Distributable Before Ded$13,680DistributableBeforeDedAmt
Distributable As Adjusted$13,680DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,000ExpensesAndContributionsAmt
Qualifying Distributions$19,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$19,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,680DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$10,000ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,715ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$15,715TotalExcessDistributionCyovAmt
Qualifying Distributions$19,000QualifyingDistributionsAmt
Applied To Current Year$13,680AppliedToCurrentYearAmt
Remaining Distri From Corpus$5,320RemainingDistriFromCorpusAmt
Total Corpus$21,035TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$21,035ExcessDistriCyovToNextYrAmt
Excess From Year2$10,000ExcessFromYear2Amt
Excess From Year1$5,715ExcessFromYear1Amt
Excess From Current Year$5,320ExcessFromCurrentYearAmt

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 (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN RED CROSS
2424 A CITY HALL LANENORTH CHARLESTONSC29406NONEPCGENERAL SUPPORT$1,000
ASHLEY HALL SCHOOL
172 RUTLEDGE AVECHARLESTONSC29403NONEPCGLOBAL STUDIES$3,000
ASSOCIATION FOR THE BLIND
1 CARRIAGE LANE STE ACHARLESTONSC29407NONEPCGENERAL SUPPORT$1,000
FLAT ROCK PARK FOUNDATION
110 VILLAGE CENTER DRFLAT ROCKNC28731NONEPCGENERAL SUPPORT$1,000
PORTER GAUD SCHOOL
300 ALBEMARLE ROADCHARLESTONSC29407NONEPCGENERAL SUPPORT$3,000
MEDICAL UNIVERSITY OF SC
18 BEE STREETCHARLESTONSC29425NONEPCGENERAL SUPPORT$5,000
CHARLESTON PROMISEE NEIGBORHOOD
1819 MEETING ST ROADN CHASSC29405NONEPCGENERAL SUPPPORT$5,000
VARIOUS DONATIONS
CHHARELSTONCHASSC29402NONEPCGENERAL SUPPORT$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$19,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,486ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$4,330ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescRETURN OF CAPITALDesc
Related Or Exempt Function Incm$110RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$7,819ExclusionAmt
Related Or Exempt Function Incm$110RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$7,929TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1MARGERY W PEARCE SOUTH CAROLINABusinessNameLine1Txt
Business Name Line2CHARITABLE LEAD ANNUITY TRUSTBusinessNameLine2Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1145 KING STREET SUITE 105AddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29401ZIPCd
FieldValueIRS element (for citing)
Total Contributions$91,825TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATION FEESCategoryTxt
Amt$1,533Amt
Net Investment Income$766NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockWELLS FARGO BROKERAGE ACCTStockNm
EOY Book Value$298,872EOYBookValueAmt
EOYFMV$290,036EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescRETURN OF CAPITALDesc
Revenue And Expenses Per Books$110RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$927Amt
Net Investment Income$927NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Category2015 EXCISE TAXCategoryTxt
Amt$204Amt

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