WILL B FOUNDATION INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
WILL B FOUNDATION INC (EIN 27-4331248)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-08-29
IRS object ID
201702419349300505
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)
Return2017-08-29T06:14:39-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Raimondo Callahan & Associates LtdBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12064 S River Road Suite 202AddressLine1Txt
CityDes PlainesCityNm
State AbbreviationILStateAbbreviationCd
ZIP60018ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274331248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Will B Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWILLBusinessNameControlTxt
Phone8478711100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1311 S County Farm RdAddressLine1Txt
CityWheatonCityNm
State AbbreviationILStateAbbreviationCd
ZIP60187ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonADRIAN BELMONTEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8478711100PhoneNum
Signature2017-08-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTIMOTHY M CALLAHANPreparerPersonNm
Phone8478031252PhoneNum
Preparation2017-08-29PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address98.212.42.193IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-08-29IPDt
IP Tm06:14:27IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id3945938EA56E5476968C1C88118247F5ACC184ACAtSubmissionCreationDeviceId
At Submission Filing Device Id3945938EA56E5476968C1C88118247F5ACC184ACAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Adrian BelmonteBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1311 S County Farm Rd Ste IAddressLine1Txt
CityWheatonCityNm
State AbbreviationILStateAbbreviationCd
ZIP60187ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$139,696GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTo contribute money for the research and development of therapies to help improve the lives of those with CP, like Will with the ultimate goal of a cure.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$139,696CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue-$30,227CYOtherRevenueAmt
CY Total Revenue$109,469CYTotalRevenueAmt
CY Grants And Similar Paid$100,000CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
CY Other Expenses$2,204CYOtherExpensesAmt
CY Total Expenses$102,204CYTotalExpensesAmt
CY Revenues Less Expenses$7,265CYRevenuesLessExpensesAmt
Total Assets BOY$11,221TotalAssetsBOYAmt
Total Assets EOY$19,079TotalAssetsEOYAmt
Total Liabilities EOY$594TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,221NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$18,485NetAssetsOrFundBalancesEOYAmt
MissionTo contribute money for theMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$100,000ExpenseAmt
DescHELD EVENTS TO RAISE MONEY AND PROMOTE AWARENESS FOR THE CYSTIC FIBROSIS FOUNDATIONDesc
Total Program Service Expenses$100,000TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Timothy CallahanBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8478031252PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12064 S River RoadAddressLine1Txt
CityDes PlainesCityNm
State AbbreviationILStateAbbreviationCd
ZIP60018ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ADRIAN BELMONTE
President5.00Yes (X)Yes (X)$0$0$0
SCOTT MARQUARDT
Vice President1.00Yes (X)Yes (X)$0$0$0
TERESA BELMONTE
Secretary1.00Yes (X)Yes (X)$0$0$0
TIMOTHY CALLAHAN
Treasurer1.00Yes (X)Yes (X)$0$0$0
WILLIAM T BELMONTE
Executive Board Member1.00Yes (X)$0$0$0
WILLIAM E BELMONTE
Executive Board Member1.00Yes (X)$0$0$0
JOSEPH STORTO
Executive Board Member1.00Yes (X)$0$0$0
KATHLEEN VANGEL-HOCUK
Executive Board Member1.00Yes (X)$0$0$0
JOSEPH BELMONTE
Executive Board Member1.00Yes (X)$0$0$0
MARYANNA CALLAS
Executive Board Member1.00Yes (X)$0$0$0
THERESA CERAMI
Board Member1.00Yes (X)$0$0$0
VITO FERRARA
Executive Board Member1.00Yes (X)$0$0$0
MICHAEL KULISZ
Board Member1.00Yes (X)$0$0$0
ANGIE PALAZZOLO
Board Member1.00Yes (X)$0$0$0
ALEXIS BELMONTE
Board Member1Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$139,696FundraisingAmt
Total Contributions$139,696TotalContributionsAmt
Contri Rpt Fundraising Event$139,696ContriRptFundraisingEventAmt
Fundraising Direct Expenses$30,227FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$30,227TotalRevenueColumnAmt
Exclusion-$30,227ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$109,469TotalRevenueColumnAmt
Exclusion-$30,227ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$100,000TotalAmt
Program Services$100,000ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$679TotalAmt
Program Services$0ProgramServicesAmt
Management And General$679ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,500TotalAmt
Program Services$0ProgramServicesAmt
Management And General$1,500ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescRegistration FeesDesc
Total$25TotalAmt
Program Services$0ProgramServicesAmt
Management And General$25ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$102,204TotalAmt
Program Services$100,000ProgramServicesAmt
Management And General$2,204ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$11,221BOYAmt
EOY$19,079EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,221BOYAmt
EOY$19,079EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$594EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$594EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$11,221BOYAmt
EOY$18,485EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,221BOYAmt
EOY$18,485EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,221BOYAmt
EOY$19,079EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$7,265ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind
Public Support Total170$0PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY1700PublicSupportCY170Pct

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$123,423CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$21,737CurrentTaxYearMinus1YearAmt
Current Tax Year$139,696CurrentTaxYearAmt
Total$284,856TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$123,423CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$21,737CurrentTaxYearMinus1YearAmt
Current Tax Year$139,696CurrentTaxYearAmt
Total$284,856TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$284,856PublicSupportTotal509Amt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Total$284,856TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Golf OutingEvent1Nm
Gross Receipts Event1$14,050GrossReceiptsEvent1Amt
Charitable Contri Event1$14,050CharitableContriEvent1Amt
Food And Beverage Event1$1,000FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$1,714OtherDirectExpensesEvent1Amt
Event2Cocktails for a CureEvent2Nm
Gross Receipts Event2$125,646GrossReceiptsEvent2Amt
Charitable Contri Event2$125,646CharitableContriEvent2Amt
Cash Prizes Event2$9,370CashPrizesEvent2Amt
Food And Beverage Event2$11,352FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$6,791OtherDirectExpensesEvent2Amt
Gross Receipts Total$139,696GrossReceiptsTotalAmt
Charitable Contributions Tot$139,696CharitableContributionsTotAmt
Cash Prizes Total Events$9,370CashPrizesTotalEventsAmt
Food And Beverage Total Events$12,352FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$8,505OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$30,227DirectExpenseSummaryEventsAmt
Net Income Summary-$30,227NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Cystic Fibrosis FoundationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1150 N Michigan AveAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Recipient EIN131930701RecipientEIN
IRC Section501(c)(3)IRCSectionDesc
Cash Grant$100,000CashGrantAmt
Valuation Method UsedFMVValuationMethodUsedDesc
Non Cash Assistance0NonCashAssistanceDesc
Purpose Of GrantDonationPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 2William Belmonte Sr. is the father of William, Teresa & Joseph Belmonte. Adrian and William Belmonte Jr. are married and the parents of both Will and Alexis Belmonte.
Pt VI, Line 11bAll Officers are provided a copy of the tax return for review.

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