VESS FAMILY FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- VESS FAMILY FOUNDATION (EIN 45-3974304)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-06
- IRS object ID
- 201323109349100512
- Schema version
- 2012v2.2
- 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
- Schedule B
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-06T03:38:17-00:00 | 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 | Richard J Koll CPA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8100 E 22nd St N 1800 | AddressLine1 |
| City | Wichita | City |
| State | KS | State |
| ZIP Code | 67226 | 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 | 453974304 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Vess Family Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VESS | NameControl |
| Phone | 3166821537 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 Waterfront Parkway Bldg 500 | AddressLine1 |
| City | Wichita | City |
| State | KS | State |
| ZIP Code | 67206 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | J Michael Vess | Name |
| Title | Treasurer | Title |
| Phone | 3166821537 | Phone |
| Date Signed | 2013-11-06 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Richard J Koll | Name |
| Phone | 3166831040 | Phone |
| Date Prepared | 2013-11-06 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 4384113 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 1350000 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 359 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 359 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 130375 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 130375 | DividendsNetInvstIncm |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 1480734 | TotalRevenueAndExpenses |
| Total Net Investment Income | 130734 | TotalNetInvestmentIncome |
| Other Expenses Rev And Expnss | 5757 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 5312 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 5757 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 5312 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 314570 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 314570 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 320327 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 5312 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 314570 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 1160407 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 125422 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 500000 | CashBOY |
| Cash EOY | 1034985 | CashEOY |
| Cash EOYFMV | 1034985 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 1623975 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 1930631 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 1930631 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 1696909 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 2015675 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 1418497 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 3820884 | TotalAssetsBOY |
| Total Assets EOY | 4981291 | TotalAssetsEOY |
| Total Assets EOYFMV | 4384113 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 3820884 | RetainedEarningsBOY |
| Retained Earnings EOY | 4981291 | RetainedEarningsEOY |
| Total Net Assets BOY | 3820884 | TotalNetAssetsBOY |
| Total Net Assets EOY | 4981291 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 3820884 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 4981291 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 3820884 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 1160407 | ExcessOfRevenueOverExpenses |
| Subtotal | 4981291 | Subtotal |
| Total Net Assets Fund Balances EOY | 4981291 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Net Noncharitable Assets | 3880757 | NetNoncharitableAssets |
| One Percent Net Investment Income | 1254 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 1254 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 314570 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 1254 | InvestmentIncomeExciseTax |
| Subtotal | 1254 | Subtotal |
| Tax Based On Investment Income | 1254 | TaxBasedOnInvestmentIncome |
| Tax Paid With Extension | 6000 | TaxPaidWithExtension |
| Total Credits And Payments | 6000 | TotalCreditsAndPayments |
| Tax Paid Original Return | 6000 | TaxPaidOriginalReturn |
| Penalty For Underpayment | 23 | PenaltyForUnderpayment |
| Overpayment | 4723 | Overpayment |
| Amount Credited To Next Year | 4723 | AmountCreditedToNextYear |
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 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | KS | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | true | 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 | Vess Family Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 3166821537 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 Waterfront Pkwy Bldg 500 | AddressLine1 |
| City | Wichita | City |
| State | KS | State |
| ZIP Code | 67206 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| 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 |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
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 |
|---|---|---|---|---|---|---|
| Rhonda R Vess | ||||||
| 1700 Waterfront Parkway Bldg 500 | Wichita | KS | 67206 | President | 002.00 | 0 |
| J Michael Vess | ||||||
| 1700 Waterfront Parkway Bldg 500 | Wichita | KS | 67206 | Treasurer | 002.00 | 0 |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
| Expenses1 | 0 | Expenses1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 1643687 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 2296168 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 3939855 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 3939855 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 59098 | CashDeemedCharitable |
| Net Noncharitable Assets | 3880757 | NetNoncharitableAssets |
| Minimum Investment Return | 194038 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 194038 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 1254 | TaxBasedOnInvestmentIncome |
| Total Tax | 1254 | TotalTax |
| Distributable Amount Before Adj | 192784 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 192784 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 192784 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 314570 | ExpensesAndContributions |
| Qualifying Distributions | 314570 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 1254 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 313316 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 192784 | DistributableAmountAsAdjusted |
| Qualifying Distributions | 314570 | QualifyingDistributions |
| Applied To Current Year | 192784 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 121786 | RemainingDistriFromCorpus |
| Total Corpus | 121786 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 121786 | ExcessDistriCyovToNextYear |
| Excess From Current Year | 121786 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | J Michael Vess | ContributingManager |
| Shareholder Manager | NONE | ShareholderManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (18 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|
| Anthony Family Shelter | |||||
| 532 N Broadway | Wichita | KS | 67214 | Unrestricted general fund | $12,000 |
| Big Brothers Big Sisters | |||||
| 310 E 2nd Street | Wichita | KS | 67202 | Unrestricted general fund | $30,000 |
| Cambodian Children's Fund | |||||
| 2461 Santa Monica Blvd 833 | Santa Monica | CA | 90404 | Unrestricted general fund | $10,000 |
| Center of Hope Inc | |||||
| 400 N Emporia | Wichita | KS | 67202 | Unrestricted general fund | $20,000 |
| Dullea Charity Classic - ALS Association | |||||
| PO Box 20518 | Wichita | KS | 67208 | Unrestricted general fund | $1,300 |
| Kansas Honor Flight Inc | |||||
| PO Box 2371 | Hutchinson | KS | 67504 | Unrestricted general fund | $5,000 |
| MADD | |||||
| PO Box 304 | Olathe | KS | 66051 | Unrestricted general fund | $1,000 |
| Operation Holiday | |||||
| 829 N Market St | Wichita | KS | 67214 | Unrestricted general fund | $5,000 |
| Partners for Wichita Inc | |||||
| 925 N Waco Ave | Wichita | KS | 67203 | Unrestricted general fund | $16,520 |
| Roaring Fork Conservancy | |||||
| PO Box 3349 | Basalt | CO | 81621 | Unrestricted general fund | $250 |
| Salvation Army | |||||
| 350 N Market St | Wichita | KS | 67202 | Unrestricted general fund | $5,000 |
| Wichita Community Fdn - Share the Season | |||||
| 301 N Main Suite 100 | Wichita | KS | 67202 | Unrestricted general fund | $25,000 |
| St Jude Children's Research Hospital | |||||
| 501 St Jude Place | Memphis | TN | 38105 | Unrestricted general fund | $16,000 |
| St Thomas Aquinas Church | |||||
| 1321 Stratford Lane | Wichita | KS | 67206 | Unrestricted general fund | $25,000 |
| Tom's Door | |||||
| PO Box 755 | Carbondale | CO | 81623 | Unrestricted general fund | $16,000 |
| Wichita Children's Home | |||||
| 810 N Holyoke | Wichita | KS | 67208 | Unrestricted general fund | $120,000 |
| Wichita Grand Opera | |||||
| 225 W Douglas Ave | Wichita | KS | 67202 | Unrestricted general fund | $1,500 |
| YMCA | |||||
| 402 N Market | Wichita | KS | 67202 | Unrestricted general fund | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 314570 | TotGrantOrContriPaidDuringYear |
Grant Or Contri Approved For Future GrantOrContriApprovedForFuture
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wichita Children's Home | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 810 N Holyoke | AddressLine1 |
| City | Wichita | City |
| State | KS | State |
| ZIP Code | 67208 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant Or Contribution | New Building | PurposeOfGrantOrContribution |
| Amount | $825,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Approved Future | 825000 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 900099 | BusinessCode |
| Unrelated Business Income | $359 | UnrelatedBusinessIncomeAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Code | 900099 | BusinessCode |
| Unrelated Business Income | $130,375 | UnrelatedBusinessIncomeAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $130,734 | UnrelatedBusinessIncomeAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 130734 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | Rhonda R Vess Revocable Trust | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1715 Laurel Cove | AddressLine1 |
| City | Wichita | City |
| State | KS | State |
| ZIP Code | 67206 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 1350000 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (2 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 7975 shares of MV OIL TRUST MVO | 112038 | 189486 |
| 76190 shares of VOC ENERGY TRUST VOC | 1903637 | 1229011 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| Office supplies | 445 | |
| Administrative expenses - VOC | 5312 | 5312 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor SubstantialContributor (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode |
|---|---|---|---|
| J Michael Vess Rev Trust | |||
| 1715 Laurel Cove | Wichita | KS | 67206 |
| Rhonda R Vess Rev Trust | |||
| 1715 Laurel Cove | Wichita | KS | 67206 |
Comments