WESLEY JOSEPH & MARION FAMILY FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- WESLEY JOSEPH & MARION FAMILY FOUNDATION (EIN 83-0469852)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-07-15
- IRS object ID
- 201321969349100122
- Schema version
- 2012v2.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-15T13:07:49-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Morgan Lewis & Bockius LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830469852 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Joseph & Marion Wesley Family Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | JOSE | NameControl |
| Phone | 2159635202 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Joseph L Wesley Sr | Name |
| Title | Trustee | Title |
| Date Signed | 2013-07-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Rosalynn Vine | Name |
| PTIN | P00116156 | PTIN |
| Phone | 2159635580 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 714335 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 4754 | ContriReceivedRevAndExpnss |
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 19834 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 19834 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 9298 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 142886 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 9298 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 33886 | TotalRevenueAndExpenses |
| Total Net Investment Income | 29132 | TotalNetInvestmentIncome |
| Legal Fees Rev And Expnss | 4754 | LegalFeesRevAndExpnss |
| Other Expenses Rev And Expnss | 25 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 25 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 4779 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 25 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 28000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 28000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 32779 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 25 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 28000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 1107 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 29107 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 516 | CashBOY |
| Cash EOY | 6551 | CashEOY |
| Cash EOYFMV | 6551 | CashEOYFMV |
| Investments Other BOY | 657775 | InvestmentsOtherBOY |
| Investments Other EOY | 653725 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 707784 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 658291 | TotalAssetsBOY |
| Total Assets EOY | 660276 | TotalAssetsEOY |
| Total Assets EOYFMV | 714335 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 504178 | CapitalStockBOY |
| Capital Stock EOY | 504178 | CapitalStockEOY |
| Retained Earnings BOY | 154113 | RetainedEarningsBOY |
| Retained Earnings EOY | 156098 | RetainedEarningsEOY |
| Total Net Assets BOY | 658291 | TotalNetAssetsBOY |
| Total Net Assets EOY | 660276 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 658291 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 660276 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 658291 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 1107 | ExcessOfRevenueOverExpenses |
| Other Increases | 878 | OtherIncreases |
| Subtotal | 660276 | Subtotal |
| Total Net Assets Fund Balances EOY | 660276 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | Capital gain dividends | DescriptionOfAsset |
| How Acquired | P | HowAcquired |
| Date Acquired | 2012-01-01 | DateAcquired |
| Date Sold | 2012-01-01 | DateSold |
| Gross Sales Price | 914 | GrossSalesPrice |
| Gain Or Loss | 914 | GainOrLoss |
| Gains Minus Excess Or Losses | 914 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 9298 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 43363 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 773923 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.05603 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 29387 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 698665 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.04206 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 17665 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 607842 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.02906 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 6274 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 509463 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.01232 | DistributionRatioYear4 |
| Noncharitable Assets Year5 | 24723 | NoncharitableAssetsYear5 |
| Total Distribution Ratio | 0.13947 | TotalDistributionRatio |
| Average Distribution Ratio | 0.02789 | AverageDistributionRatio |
| Net Noncharitable Assets | 696876 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 19439 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 291 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 19730 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 28000 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 291 | InvestmentIncomeExciseTax |
| Subtotal | 291 | Subtotal |
| Tax Based On Investment Income | 291 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 142 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 142 | TotalCreditsAndPayments |
| Tax Due | 149 | TaxDue |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | PA | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Francis J Mirabello | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 2159635248 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| 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 Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Marion M Wesley | ||||||
| 645 Pineville Road | Newtown | PA | 18940 | Trustee | 0.00 | 0 |
| Joseph L Wesley Sr | ||||||
| 1500 S Ocean Boulevard PH2 | Pompano Beach | FL | 33062 | Trustee | 0.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 702520 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 4968 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 707488 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 707488 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 10612 | CashDeemedCharitable |
| Net Noncharitable Assets | 696876 | NetNoncharitableAssets |
| Minimum Investment Return | 34844 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 34844 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 291 | TaxBasedOnInvestmentIncome |
| Total Tax | 291 | TotalTax |
| Distributable Amount Before Adj | 34553 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 34553 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 34553 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 28000 | ExpensesAndContributions |
| Qualifying Distributions | 28000 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 291 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 27709 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 34553 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 26596 | UndistributedIncomePriorYear |
| Qualifying Distributions | 28000 | QualifyingDistributions |
| Applied To Year1 | 26596 | AppliedToYear1 |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 1404 | AppliedToCurrentYear |
| Undistributed Income CY | 33149 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Marion M Wesley | ContributingManager |
| Contributing Manager | Joseph L Wesley Sr | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| The Rooms Foundation Inc | |||||||
| 9520 NW 13th Street | Plantation | FL | 33322 | None | Public | Research | $3,000 |
| Jefferson Foundation Digestive Dise | |||||||
| 132 South 10th Stree | Philadelphia | PA | 19107 | None | Public | Medical research | $5,000 |
| Vita Education Services | |||||||
| 8 East Court Street | Doylestown | PA | 18901 | None | Public | Provide quality literacy and decision making programs to Bucks County adults | $20,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 28000 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $19,834 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $9,298 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $29,132 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 29132 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Vanguard Funds | CategoryOrItem |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMV |
| Book Value | 653725 | BookValue |
| EOYFMV | 707784 | EOYFMV |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount | $4,754 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Investment exepense | Description |
| Revenue And Expenses Per Books | 25 | RevenueAndExpensesPerBooks |
| Net Investment Income | 25 | NetInvestmentIncome |
Comments