WESLEY JOSEPH & MARION FAMILY FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: WESLEY JOSEPH & MARION FAMILY FOUNDATION (EIN 83-0469852)
Tax period: 2013-01-01 to 2013-12-31
Filed: 2014-07-23
IRS object ID: 201402049349100310
Schema version: 2013v3.1
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
Form 990-PF
Legal Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-07-23T13:54:19-07:00	ReturnTs
Tax Period End	2013-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Morgan Lewis & Bockius LLP	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1701 Market Street	AddressLine1
City	Philadelphia	City
State	PA	State
ZIP Code	191032921	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2013-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	830469852	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Joseph & Marion Wesley Family Foundation	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	JOSE	BusinessNameControlTxt
Phone	2159635202	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	c/o R Vine MLB 1701 Market St	AddressLine1
City	Philadelphia	City
State	PA	State
ZIP Code	19103	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Joseph L Wesley Sr	PersonNm
Person Title	Trustee	PersonTitleTxt
Signature	2014-07-23	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Rosalynn Vine	PreparerPersonNm
PTIN	P00116156	PTIN
Phone	2159635580	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$882,259	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$366,414	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$21,746	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$21,746	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$869,971	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$1,593,840	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$869,971	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$1,258,131	TotalRevAndExpnssAmt
Total Net Invst Incm	$891,717	TotalNetInvstIncmAmt
Legal Fees Rev And Expnss	$11,279	LegalFeesRevAndExpnssAmt
Taxes Rev And Expnss	$291	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$291	TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$11,570	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$291	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,063,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,063,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,074,570	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$291	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,063,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$183,561	ExcessRevenueOverExpensesAmt
Net Investment Income	$891,426	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$6,551	CashBOYAmt
Cash EOY	$112,499	CashEOYAmt
Cash EOYFMV	$112,499	CashEOYFMVAmt
Other Investments BOY	$653,725	OtherInvestmentsBOYAmt
Other Investments EOY	$731,338	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$769,760	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$660,276	TotalAssetsBOYAmt
Total Assets EOY	$843,837	TotalAssetsEOYAmt
Total Assets EOYFMV	$882,259	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$504,178	CapitalStockBOYAmt
Capital Stock EOY	$504,178	CapitalStockEOYAmt
Retained Earning BOY	$156,098	RetainedEarningBOYAmt
Retained Earning EOY	$339,659	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$660,276	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$843,837	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$660,276	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$843,837	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$660,276	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$183,561	ExcessRevenueOverExpensesAmt
Subtotal	$843,837	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$843,837	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Field	Value	IRS element (for citing)
Capital Gain Net Income	$869,971	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$27,709	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$696,876	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.03976	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$43,363	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$773,923	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.05603	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$29,387	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$698,665	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.04206	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$17,665	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$607,842	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.02906	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$6,274	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$509,463	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.01232	DistributionYr5Rt
Total Distribution	0.17923	TotalDistributionRt
Average Distribution	0.03585	AverageDistributionRt
Net Vl Noncharitable Assets	$773,807	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$27,738	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$8,914	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$36,652	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$1,063,000	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$8,914	InvestmentIncomeExciseTaxAmt
Subtotal	$8,914	SubtotalAmt
Tax Based On Investment Income	$8,914	TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax	$9,300	AppliedToEsTaxAmt
Total Payments And Credits	$9,300	TotalPaymentsAndCreditsAmt
Overpayment	$386	OverpaymentAmt
Applied To ES Tax	$386	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Form990 T Filed	false	Form990TFiledInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	PA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Francis J Mirabello	BusinessNameLine1

Field	Value	IRS element (for citing)
Phone	2159635248	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1701 Market Street	AddressLine1
City	Philadelphia	City
State	PA	State
ZIP Code	19103	ZIPCode

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Excess Business Holdings	false	ExcessBusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	false	TransactionsFailToQlfyAsExcInd
Maintained Expenditure Rspns	false	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Proceeds Or Net Income	false	ProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
Joseph L Wesley Sr
1500 S Ocean Boulevard PH2	Pompano Beach	FL	33062	Trustee	0.00	$0
Marion M Wesley
645 Pineville Road	Newtown	PA	18940	Trustee	0.00	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$785,591	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$785,591	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$785,591	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$11,784	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$773,807	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$38,690	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$38,690	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$8,914	TaxBasedOnInvestmentIncomeAmt
Total Tax	$8,914	TotalTaxAmt
Distributable Before Adj	$29,776	DistributableBeforeAdjAmt
Distributable Before Ded	$29,776	DistributableBeforeDedAmt
Distributable As Adjusted	$29,776	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,063,000	ExpensesAndContributionsAmt
Qualifying Distributions	$1,063,000	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$8,914	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$1,054,086	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$29,776	DistributableAsAdjustedAmt
Undistributed Income PY	$33,149	UndistributedIncomePYAmt
Qualifying Distributions	$1,063,000	QualifyingDistributionsAmt
Applied To Year1	$33,149	AppliedToYear1Amt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$29,776	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$1,000,075	RemainingDistriFromCorpusAmt
Total Corpus	$1,000,075	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$1,000,075	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$1,000,075	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	Joseph L Wesley Sr	ContributingManagerNm
Contributing Manager	Marion M Wesley	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Vita Education Services
8 East Court Street	Doylestown	PA	18901	None	Public	Provide quality literacy and decision making programs to Bucks County adults	$50,000
Jefferson Foundation Digestive Dise
132 South 10th Stree	Philadelphia	PA	19107	None	Public	Medical research	$10,000
The Rooms Foundation Inc
9520 NW 13th Street	Plantation	FL	33322	None	Public	Research	$3,000
The Pennington School
112 W Delaware Avenue	Pennington	NJ	08534	None	Public	Construction of Adademic Building	$1,000,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,063,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$21,746	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$869,971	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$891,717	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$891,717	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	Morgan Lewis, monthly	CategoryTxt
Legal Fees	$11,279	LegalFeesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Amt	$291	Amt
Net Investment Income	$291	NetInvestmentIncomeAmt

WESLEY JOSEPH & MARION FAMILY FOUNDATION: Form 990PF, tax year 2013

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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