BETA

CBIS FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
CBIS FOUNDATION INC (EIN 20-3362453)
Tax period
2024-07-01 to 2025-06-30
Filed
2025-11-07
IRS object ID
202523119349101947
Schema version
2024v5.2
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)
Return2025-11-07T02:23:52-00:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN460696895PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13594 E SUPERNAL CIRCLEAddressLine1Txt
CitySALT LAKE CITYCityNm
State AbbreviationUTStateAbbreviationCd
ZIP84121ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203362453EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CBIS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCBISBusinessNameControlTxt
Phone2016936666PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o L WOLLIN 124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBUDGE COLLINSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2016936666PhoneNum
Signature2025-11-07SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLONNIE WOLLINPreparerPersonNm
PTINP01282474PTIN
Phone2016936666PhoneNum
Preparation2025-11-07PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,599,744FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Interest On Sav Rev And Expnss$2,576InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,576InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$5,254DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,254DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$457,469NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,157,289GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$457,469CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss-$37,234OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm-$37,231OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$428,065TotalRevAndExpnssAmt
Total Net Invst Incm$428,068TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,495AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$425OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,945TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,300,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,300,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,303,945TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,300,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$875,880ExcessRevenueOverExpensesAmt
Net Investment Income$428,068NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$11,011CashBOYAmt
Cash EOY$7,061CashEOYAmt
Cash EOYFMV$7,061CashEOYFMVAmt
Corporate Stock BOY$2,983,802CorporateStockBOYAmt
Corporate Stock EOY$2,111,869CorporateStockEOYAmt
Corporate Stock EOYFMV$3,592,683CorporateStockEOYFMVAmt
Total Assets BOY$2,994,813TotalAssetsBOYAmt
Total Assets EOY$2,118,930TotalAssetsEOYAmt
Total Assets EOYFMV$3,599,744TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,994,813RetainedEarningBOYAmt
Retained Earning EOY$2,118,930RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,994,813TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,118,930TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,994,813TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,118,930TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,994,813TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$875,880ExcessRevenueOverExpensesAmt
Subtotal$2,118,933SubtotalAmt
Other Decreases$3OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,118,930TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
CONSTILLATION SOFTWAREP2023-11-072025-01-19$253,268$178,295$74,973$74,973
MPLX PLP2018-05-022025-01-13$901,359$521,525$379,834$379,834
MPLX PL K-1P2018-05-022025-01-13$2,662$2,662$2,662
FieldValueIRS element (for citing)
Capital Gain Net Income$457,469CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$5,950InvestmentIncomeExciseTaxAmt
Subtotal$5,950SubtotalAmt
Tax Based On Investment Income$5,950TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,007EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,007TotalPaymentsAndCreditsAmt
Original Return Tax Paid$2,007OriginalReturnTaxPaidAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$3,943TaxDueAmt

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 StateDEOrgReportOrRegisterStateCd
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 Line1WOLLIN & NEUSCHATZ INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2016936666PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1124 PROSPECT STAddressLine1Txt
CityRIDGEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07450ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
BUDGE COLLINS
611 Fair StreetFranklinTN37064PRES/DIR001.00$0
CAROL COLLINS
611 Fair StreetFranklinTN37064VP/DIR003.00$0
LONNIE WOLLIN
124 PROSPECT STRIDGEWOODNJ07450SECY/TREAS001.00$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)
Description1N/ADescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,044,399AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$24,610AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,069,009TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$4,069,009AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$61,035CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,007,974NetVlNoncharitableAssetsAmt
Minimum Investment Return$200,399MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$200,399MinimumInvestmentReturnAmt
Tax Based On Investment Income$5,950TaxBasedOnInvestmentIncomeAmt
Total Tax$5,950TotalTaxAmt
Distributable Before Adj$194,449DistributableBeforeAdjAmt
Distributable Before Ded$194,449DistributableBeforeDedAmt
Distributable As Adjusted$194,449DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,300,000ExpensesAndContributionsAmt
Qualifying Distributions$1,300,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$194,449DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$68,164ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$155,474ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$223,638TotalExcessDistributionCyovAmt
Qualifying Distributions$1,300,000QualifyingDistributionsAmt
Applied To Current Year$194,449AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,105,551RemainingDistriFromCorpusAmt
Total Corpus$1,329,189TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,329,189ExcessDistriCyovToNextYrAmt
Excess From Year4$68,164ExcessFromYear4Amt
Excess From Year3$155,474ExcessFromYear3Amt
Excess From Current Year$1,105,551ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBUDGE COLLINSContributingManagerNm
Contributing ManagerCAROL COLLINSContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
OCCA FOUNDATION
4100 E WALNUTORANGECA92869NAPCEDUCATIONAL$500,000
CHURCH OF THE CITY
828 MURFREESBORO RDFRANKLINTN37064NAPCRELIGIOUS$800,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,300,000TotalGrantOrContriPdDurYrAmt

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)
CategoryWOLLIN NEUSCHATZ, INCCategoryTxt
Amt$3,495Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MPLX LP$278,245$975,649
SANUWAVE HEALTH$1,603$1,446
SCHWAB- XXX-2945$20,212$18,993
SNVXX$10,177$10,170
Berkshire Hathaway B$1,350,650$1,797,349
Constellation Software$450,982$789,076

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescROUNDINGDesc
Amt$3Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescDELAWARE REP FEEDesc
Revenue And Expenses Per Books$425RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
MPLX LP ORDINARY LOSS- K-1-$35,660-$35,660
MPLX SECTION 1231 LOSS K-1-$1,601-$1,601
MPLX LP NET INCOME K-1$30$30
MPLX LP OTHER DEDUCTION K-1-$3

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryDelaware Franchise TaxCategoryTxt
Amt$25Amt

Comments

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