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WESLEY FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
WESLEY FAMILY FOUNDATION (EIN 47-2560651)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-07-25
IRS object ID
201632079349100203
Schema version
2015v2.1
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)
Return2016-07-25T10:03:50-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PRICEWATERHOUSECOOPERS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 PUBLIC SQUARE 18TH FLOORAddressLine1Txt
CityCLEVELANDCityNm
State AbbreviationOHStateAbbreviationCd
ZIP441142301ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472560651EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE WESLEY FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% JOSEPH WESLEYInCareOfNm
Business Name ControlWESLBusinessNameControlTxt
Phone4403146325PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11250 FOX HILL DRIVEAddressLine1Txt
CityGATES MILLSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44040ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH O WESLEYPersonNm
Person TitlePRESIDENT/DIRECTORPersonTitleTxt
Phone4403493432PhoneNum
Signature2016-07-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID E KERNERPreparerPersonNm
PTINP00639778PTIN
Phone2168753000PhoneNum
Preparation2016-06-10PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,903,923FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$8,705InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$8,705InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$60,184DividendsRevAndExpnssAmt
Dividends Net Invst Incm$59,665DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$50,063NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,294,770GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$50,063CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$118,952TotalRevAndExpnssAmt
Total Net Invst Incm$118,433TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$11,351LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$11,351LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$18,078OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$18,078OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,367TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,367TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$31,796TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$20,445TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$11,351TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$21,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$21,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$52,796TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$20,445TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$32,351TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$66,156ExcessRevenueOverExpensesAmt
Net Investment Income$97,988NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,000,008SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$197,184SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$197,184SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$4,867,488CorporateStockEOYAmt
Corporate Stock EOYFMV$4,706,739CorporateStockEOYFMVAmt
Total Assets BOY$5,000,008TotalAssetsBOYAmt
Total Assets EOY$5,064,672TotalAssetsEOYAmt
Total Assets EOYFMV$4,903,923TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$5,000,000CapitalStockBOYAmt
Capital Stock EOY$5,000,000CapitalStockEOYAmt
Retained Earning BOY$8RetainedEarningBOYAmt
Retained Earning EOY$64,672RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,000,008TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,064,672TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,000,008TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,064,672TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,000,008TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$66,156ExcessRevenueOverExpensesAmt
Subtotal$5,066,164SubtotalAmt
Other Decreases$1,492OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$5,064,672TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyCAPITAL GAIN DIVIDENDSPropertyDesc
How AcquiredPHowAcquiredCd
Gain Or Loss$71,526GainOrLossAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$50,063CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$0AdjustedQlfyDistriYr1Amt
Distribution Yr10.0DistributionYr1Rt
Total Distribution0.0TotalDistributionRt
Average Distribution0.0AverageDistributionRt
Net Vl Noncharitable Assets$4,994,100NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$0AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$980NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$980AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$32,351QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$980InvestmentIncomeExciseTaxAmt
Subtotal$980SubtotalAmt
Tax Based On Investment Income$980TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax$2,500AppliedToEsTaxAmt
Total Payments And Credits$2,500TotalPaymentsAndCreditsAmt
Es Penalty$23EsPenaltyAmt
Overpayment$1,497OverpaymentAmt
Applied To ES Tax$1,497AppliedToESTaxAmt

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 StateOHOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JOSEPH WESLEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4403493432PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11250 FOX HILL DRIVEAddressLine1Txt
CityGATES MILLSCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44040ZIPCd
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

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
JOSEPH O WESLEY
1250 FOX HILL DRIVEGATES MILLSOH44040PRESIDENT / DIRECTOR1.0$0
KIMBERLY A WESLEY
1250 FOX HILL DRIVEGATES MILLSOH44040VICE PRESIDENT / DIRECTOR1.0$0
MICHELLE R WESLEY
74 MAY CTCHAGRIN FALLSOH44022SECRETARY / DIRECTOR1.0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,510,041AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$560,111AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,070,152TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$5,070,152AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$76,052CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,994,100NetVlNoncharitableAssetsAmt
Minimum Investment Return$249,705MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$249,705MinimumInvestmentReturnAmt
Tax Based On Investment Income$980TaxBasedOnInvestmentIncomeAmt
Total Tax$980TotalTaxAmt
Distributable Before Adj$248,725DistributableBeforeAdjAmt
Distributable Before Ded$248,725DistributableBeforeDedAmt
Distributable As Adjusted$248,725DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$32,351ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$32,351QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$980PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$31,371AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$248,725DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12013PriorYear1Yr
Prior Year22012PriorYear2Yr
Prior Year32011PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$32,351QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$32,351AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Taxable2$0Taxable2Amt
Undistributed Income CY$216,374UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOSEPH O WESLEYContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FOOD NETWORK OF CLEVELAND
15500 S WATERLOO ROADCLEVELANDOH44110PUBLIC CHARITYPCGENERAL SUPPORT$5,400
BOYS HOPE GIRLS HOPE OF NORTHEASTERN OH
9619 GARFIELD BLVDGARFIELD HTSOH44125PUBLIC CHARITYPCGENERAL SUPPORT$7,800
NORDONIA HILLS SCHOOL FOUNDATION
P O BOX 670059NORTHFIELDOH44067PUBLIC CHARITYPCGENERAL SUPPORT$300
BENEVOLENZA FUND RAISING
312 PERTH DRIVEHIGHLAND HEIGHTSOH44143PUBLIC CHARITYPCGENERAL SUPPORT$1,000
MUSCULAR DYSTROPHY ASSOCATION
7050 ENGLE ROAD 106CLEVLEANDOH44130PUBLIC CHARITYGOVGENERAL SUPPORT$1,500
LUPUS FOUNDATION OF AMERICA
12930 CHIPPEWA ROADBRECKSVILLEOH44141PULBLIC CHARITYPCGENERAL SUPPORT$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$21,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,705ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$60,184ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion$50,063ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$118,952ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$118,952TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryTHOMPSON HINECategoryTxt
Legal Fees$11,351LegalFeesAmt
Disbursements Charitable Prps$11,351DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescRECONCILIATION ADJUSTMENTDesc
Amt$1,492Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMANAGEMENT FEESCategoryTxt
Amt$18,078Amt
Net Investment Income$18,078NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXESCategoryTxt
Amt$2,367Amt
Net Investment Income$2,367NetInvestmentIncomeAmt

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