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JEFF AND BONNIE WHITMAN CHARITABLE FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
JEFF AND BONNIE WHITMAN CHARITABLE FOUNDATION (EIN 75-2823240)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-11-16
IRS object ID
201433209349100503
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 ReturnHeader

FieldValueIRS element (for citing)
Return2014-11-16T14:09:11-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN455631866PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KERBY & KERBY PLLCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1040AddressLine1
CityMC KINNEYCity
StateTXState
ZIP Code750701040ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752823240EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE JEFF & BONNIE WHITMANBusinessNameLine1
Business Name Line2CHARITABLE FOUNDATIONBusinessNameLine2
FieldValueIRS element (for citing)
Business Name ControlJEFFBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111505 HILLCREST RDAddressLine1
CityDALLASCity
StateTXState
ZIP Code75230ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEFF WHITMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2014-11-11SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFRANK KERBYPreparerPersonNm
PTINP01317596PTIN
Phone9725421233PhoneNum
Preparation2014-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$500,530FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$150,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$3,058DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,058DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,058DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$319NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$23,007GrossSalesPriceAmt
Other Income Rev And Expnss$3,551OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$3,551OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$3,551OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$156,293TotalRevAndExpnssAmt
Total Net Invst Incm$6,612TotalNetInvstIncmAmt
Total Adj Net Incm$6,612TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$1,240OtherProfFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,240TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,240TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$155,053ExcessRevenueOverExpensesAmt
Net Investment Income$6,612NetInvestmentIncomeAmt
Adjusted Net Income$6,612AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$100,758SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$252,182SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$252,182SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$169,520CorporateStockBOYAmt
Corporate Stock EOY$169,598CorporateStockEOYAmt
Corporate Stock EOYFMV$197,102CorporateStockEOYFMVAmt
Other Investments BOY$37,618OtherInvestmentsBOYAmt
Other Investments EOY$41,169OtherInvestmentsEOYAmt
Other Investments EOYFMV$51,246OtherInvestmentsEOYFMVAmt
Total Assets BOY$307,896TotalAssetsBOYAmt
Total Assets EOY$462,949TotalAssetsEOYAmt
Total Assets EOYFMV$500,530TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$307,896UnrestrictedBOYAmt
Unrestricted EOY$462,949UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$307,896TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$462,949TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$307,896TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$462,949TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$307,896TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$155,053ExcessRevenueOverExpensesAmt
Subtotal$462,949SubtotalAmt
Tot Net Ast Or Fund Balances EOY$462,949TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$30,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$290,519NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.103263DistributionYr1Rt
Adjusted Qlfy Distri Yr2$52,240AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$243,679NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.214380DistributionYr2Rt
Adjusted Qlfy Distri Yr3$32,745AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$123,310NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.265550DistributionYr3Rt
Adjusted Qlfy Distri Yr4$60,063AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$68,834NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.872578DistributionYr4Rt
Adjusted Qlfy Distri Yr5$42,875AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$134,683NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.318340DistributionYr5Rt
Total Distribution1.774111TotalDistributionRt
Average Distribution0.354822AverageDistributionRt
Net Vl Noncharitable Assets$388,021NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$137,678AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$66NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$137,744AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$132InvestmentIncomeExciseTaxAmt
Subtotal$132SubtotalAmt
Tax Based On Investment Income$132TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$91EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$91TotalPaymentsAndCreditsAmt
Tax Due$41TaxDueAmt

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
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
Individual With BooksJEFFERY WHITMANIndividualWithBooksNm
Phone2148909980PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111505 HILLCRESTAddressLine1
CityDALLASCity
StateTXState
ZIP Code75230ZIPCode
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
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 (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JEFFERY WHITMAN
11505 HILLCRESTDALLASTX75230PRESIDENT3.00$0$0$0
BONNIE WHITMAN
11505 HILLCRESTDALLASTX75230DIRECTOR3.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$170,579AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$172,104AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$51,247FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$393,930TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$393,930AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,909CashDeemedCharitableAmt
Net Vl Noncharitable Assets$388,021NetVlNoncharitableAssetsAmt
Minimum Investment Return$19,401MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$19,401MinimumInvestmentReturnAmt
Tax Based On Investment Income$132TaxBasedOnInvestmentIncomeAmt
Total Tax$132TotalTaxAmt
Distributable Before Adj$19,269DistributableBeforeAdjAmt
Distributable Before Ded$19,269DistributableBeforeDedAmt
Distributable As Adjusted$19,269DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$19,269DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$36,144ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$56,643ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$26,600ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$40,114ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$15,536ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$175,037TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$19,269ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$19,269ExcessDistributionCyovAppCYAmt
Total Corpus$155,768TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$16,875ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$138,893ExcessDistriCyovToNextYrAmt
Excess From Year4$56,643ExcessFromYear4Amt
Excess From Year3$26,600ExcessFromYear3Amt
Excess From Year2$40,114ExcessFromYear2Amt
Excess From Year1$15,536ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,058ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$3,551ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$319RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$6,609ExclusionAmt
Related Or Exempt Function Incm-$316RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,293TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (6 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
4DIVIDENDS AND INTERST EARNED SUPPORTS THE DAILY OPERATIONS
4OF THE FOUNDATION, ALLOWING ADDITIONAL MONEY FOR GRANTS
8GAINS ON SECURITIES SUPPORTS THE DAILY OPERATIONS OF THE
8FOUNDATION, ALLOWING ADDITIONAL MONEY FOR GRANTS
11APARTNERSHIP INCOME SUPPORTS THE DAILY OPERATIONS OF THE
11AFOUNDATION, ALLOWING ADDITIONAL MONEY FOR GRANTS

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 PersonJEFFERY WHITMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line111505 HILLCRESTAddressLine1
CityDALLASCity
StateTXState
ZIP Code75230ZIPCode
FieldValueIRS element (for citing)
Total Contributions$150,000TotalContributionsAmt
Payroll ContributionYes (X)PayrollContributionInd

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

JEFFERY WHITMAN
BONNIE WHITMAN

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (3 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
108000 ISHARES TRUST2012-04PURCHASE2013-01$11,899$11,906-$7
254639 TEMPLETON FRONTIER2013-01PURCHASE2013-08$4,400$4,254$146
175000 ISHARES TRUST2012-11PURCHASE2013-08$6,708$7,166-$458

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN INV CO OF AMERICA CL A
SPDR S&P MIDCAP 400 ETF$12,903$19,292
ISHARES BARCLAY 1-3 YR CD$75,179$75,404
MIDCAP SPDR
ISHARES S&P 100 INDEX$4,646$6,176
SPDR S&P 500 ETF$57,721$75,354
ISHARES BARCLAYS SHORT TREAS
ISHARES MSCI EMERGING MKTS
ISHARES MSCI EAFE ETF$11,188$12,211
TEMPLETON FRONTIER MC A$7,961$8,665

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemPARTNERSHIPCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$41,169BookValueAmt
EOYFMV$51,246EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescJ & B WHITMAN LTDDesc
Revenue And Expenses Per Books$3,551RevenueAndExpensesPerBooksAmt
Net Investment Income$3,551NetInvestmentIncomeAmt
Adjusted Net Income$3,551AdjustedNetIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$1,240Amt

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