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WESLEY JOSEPH & MARION FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
WESLEY JOSEPH & MARION FAMILY FOUNDATION (EIN 83-0469852)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-12
IRS object ID
201611339349101846
Schema version
2015v2.0
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)
Return2016-05-12T11:17:17-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Morgan Lewis & Bockius LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11701 Market StreetAddressLine1Txt
CityPhiladelphiaCityNm
State AbbreviationPAStateAbbreviationCd
ZIP191032921ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN830469852EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Joseph & Marion Wesley Family FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJOSEBusinessNameControlTxt
Phone2159635202PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o R Vine MLB 1701 Market StAddressLine1Txt
CityPhiladelphiaCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19103ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJoseph L Wesley SrPersonNm
Person TitleTrusteePersonTitleTxt
Signature2016-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRosalynn VinePreparerPersonNm
PTINP00116156PTIN
Phone2159635000PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,486,426FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,038,206ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$23,263DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,263DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$8,716NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,036,427GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$8,716CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,070,185TotalRevAndExpnssAmt
Total Net Invst Incm$31,979TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$10,471LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$15AccountingFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$10,486TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$535,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$535,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$545,486TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$535,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$524,699ExcessRevenueOverExpensesAmt
Net Investment Income$31,979NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$134,235SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$635,665SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$635,665SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$744,944OtherInvestmentsBOYAmt
Other Investments EOY$768,213OtherInvestmentsEOYAmt
Other Investments EOYFMV$850,761OtherInvestmentsEOYFMVAmt
Total Assets BOY$879,179TotalAssetsBOYAmt
Total Assets EOY$1,403,878TotalAssetsEOYAmt
Total Assets EOYFMV$1,486,426TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$504,178CapitalStockBOYAmt
Capital Stock EOY$504,178CapitalStockEOYAmt
Retained Earning BOY$375,001RetainedEarningBOYAmt
Retained Earning EOY$899,700RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$879,179TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,403,878TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$879,179TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,403,878TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$879,179TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$524,699ExcessRevenueOverExpensesAmt
Subtotal$1,403,878SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,403,878TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
6900.00 SHS Comcast Corp CL AD2015-10-132015-10-26$427,930$418,002$9,928$9,928
21826.00 SHS Liberty Interactive Corp QVC GroupD2015-10-132015-10-26$608,497$609,709-$1,212-$1,212
FieldValueIRS element (for citing)
Capital Gain Net Income$8,716CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$632,911AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$941,230NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.67243DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,054,086AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$773,807NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.36221DistributionYr2Rt
Adjusted Qlfy Distri Yr3$27,709AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$696,876NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.03976DistributionYr3Rt
Adjusted Qlfy Distri Yr4$43,363AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$773,923NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.05603DistributionYr4Rt
Adjusted Qlfy Distri Yr5$29,387AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$698,665NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04206DistributionYr5Rt
Total Distribution2.172492TotalDistributionRt
Average Distribution0.434498AverageDistributionRt
Net Vl Noncharitable Assets$1,125,936NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$489,217AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$320NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$489,537AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$535,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$320InvestmentIncomeExciseTaxAmt
Subtotal$320SubtotalAmt
Tax Based On Investment Income$320TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,997EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,997TotalPaymentsAndCreditsAmt
Overpayment$2,677OverpaymentAmt
Applied To ES Tax$2,677AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StatePAOrgReportOrRegisterStateCd
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 Line1Jim SchafleBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2159635580PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1645 Pineville RoadAddressLine1Txt
CityNewtownCityNm
State AbbreviationPAStateAbbreviationCd
ZIP18940ZIPCd
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
Joseph L Wesley Sr
1500 S Ocean Boulevard PH2Pompano BeachFL33062Trustee0.00$0
Marion M Wesley
645 Pineville RoadNewtownPA18940Trustee0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$851,978AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$291,104AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,143,082TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,143,082AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$17,146CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,125,936NetVlNoncharitableAssetsAmt
Minimum Investment Return$56,297MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$56,297MinimumInvestmentReturnAmt
Tax Based On Investment Income$320TaxBasedOnInvestmentIncomeAmt
Total Tax$320TotalTaxAmt
Distributable Before Adj$55,977DistributableBeforeAdjAmt
Distributable Before Ded$55,977DistributableBeforeDedAmt
Distributable As Adjusted$55,977DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$535,000ExpensesAndContributionsAmt
Qualifying Distributions$535,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$320PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$534,680AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$55,977DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$1,000,075ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$586,027ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,586,102TotalExcessDistributionCyovAmt
Qualifying Distributions$535,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$55,977AppliedToCurrentYearAmt
Remaining Distri From Corpus$479,023RemainingDistriFromCorpusAmt
Total Corpus$2,065,125TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$2,065,125ExcessDistriCyovToNextYrAmt
Excess From Year2$1,000,075ExcessFromYear2Amt
Excess From Year1$586,027ExcessFromYear1Amt
Excess From Current Year$479,023ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJoseph L Wesley SrContributingManagerNm
Contributing ManagerMarion M WesleyContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Vita Education Services
8 East Court StreetDoylestownPA18901NonePublicProvide quality literacy and decision making programs to Bucks County adults$150,000
Jefferson Foundation Digestive Dise
125 South 9th StreetPhiladelphiaPA19107NonePublicMedical Research$15,000
Weitz Cardiovascular Medicine Prog
Jefferson - 125 South 9th StreetPhiladelphiaPA19107NonePublicMedical Research$10,000
The Pennington School
112 W Delaware AvenuePenningtonNJ08534NonePublicConstruction of Academic Building$350,000
Harrop Neurosurgery Research Educ F
Jefferson - 125 South 9th StreetPhiladelphiaPA19107NonePublicMedical Research$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$535,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,263ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$8,716ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$31,979ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$31,979TotalIncomeProducingActyAmt

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 PersonJoseph L and Marion M WesleyContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11500 S Ocean Boulevard PH2AddressLine1Txt
CityPompano BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33062ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,038,206TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property6,900 SHS Comcast Corp New CL A21,826 SHS Liberty Interactive Corp QVC GP ComNoncashPropertyDesc
Fair Market Value$1,027,711FairMarketValueAmt
Received2015-10-13ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryBNY MellonCategoryTxt
Amt$15Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryMorgan Lewis, monthlyCategoryTxt
Legal Fees$10,471LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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