WANDA J HERNDON FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WANDA J HERNDON FOUNDATION (EIN 20-8089043)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-13
- IRS object ID
- 201233189349100108
- Schema version
- 2011v1.2
- 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
- Accounting Fees Schedule
- Gain Loss Sale Other Assets Sch
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-13T07:03:21-08:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POWDERMILL FINANCIAL SOLUTIONS LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 175 | AddressLine1 |
| City | MONTCHANIN | City |
| State | DE | State |
| ZIP Code | 19710 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208089043 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WANDA J HERNDON FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WAND | NameControl |
| Phone | 3026587796 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 263 | AddressLine1 |
| City | ROCKLAND | City |
| State | DE | State |
| ZIP Code | 19732 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WANDA J HERNDON | Name |
| Title | PRESIDENT | Title |
| Phone | 3026587796 | Phone |
| Date Signed | 2012-11-08 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEPHEN PETRUCCI | Name |
| Phone | 3026587796 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 205650 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 6124 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 6124 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 20197 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 86534 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 20197 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 26321 | TotalRevenueAndExpenses |
| Total Net Investment Income | 26321 | TotalNetInvestmentIncome |
| Legal Fees Rev And Expnss | 310 | LegalFeesRevAndExpnss |
| Legal Fees Net Invst Incm | 310 | LegalFeesNetInvstIncm |
| Accounting Fees Rev And Expnss | 2800 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 2800 | AccountingFeesNetInvstIncm |
| Other Prof Fees Rev And Expnss | 1926 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 1926 | OtherProfFeesNetInvstIncm |
| Taxes Rev And Expnss | 300 | TaxesRevAndExpnss |
| Other Expenses Rev And Expnss | 0 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 5336 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 5036 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 0 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 0 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 5336 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 5036 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 0 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 20985 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 21285 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 22122 | CashBOY |
| Cash EOY | 18712 | CashEOY |
| Cash EOYFMV | 18712 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 2336 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 2953 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 2953 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 148577 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 172355 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 183985 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 173035 | TotalAssetsBOY |
| Total Assets EOY | 194020 | TotalAssetsEOY |
| Total Assets EOYFMV | 205650 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 173035 | CapitalStockBOY |
| Capital Stock EOY | 194020 | CapitalStockEOY |
| Total Net Assets BOY | 173035 | TotalNetAssetsBOY |
| Total Net Assets EOY | 194020 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 173035 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 194020 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 173035 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 20985 | ExcessOfRevenueOverExpenses |
| Subtotal | 194020 | Subtotal |
| Total Net Assets Fund Balances EOY | 194020 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | SEE ATTACHED | DescriptionOfAsset |
| How Acquired | P | HowAcquired |
| Date Acquired | 2010-02-01 | DateAcquired |
| Date Sold | 2011-12-31 | DateSold |
| Gross Sales Price | 86534 | GrossSalesPrice |
| Depreciation | 0 | Depreciation |
| Cost Or Other Basis | 66337 | CostOrOtherBasis |
| Gain Or Loss | 20197 | GainOrLoss |
| FMV As Of123169 | 0 | FMVAsOf123169 |
| Adjusted Basis As Of123169 | 0 | AdjustedBasisAsOf123169 |
| Excess Of FMV Over Adjusted Basis | 0 | ExcessOfFMVOverAdjustedBasis |
| Gains Minus Excess Or Losses | 20197 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 20197 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 38448 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 227853 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.168740 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 19990 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 227586 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.087835 | DistributionRatioYear2 |
| Noncharitable Assets Year3 | 388435 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.000000 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 15602 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 472291 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.033035 | DistributionRatioYear4 |
| Noncharitable Assets Year5 | 5362 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.000000 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.289610 | TotalDistributionRatio |
| Average Distribution Ratio | 0.057922 | AverageDistributionRatio |
| Net Noncharitable Assets | 210653 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 12201 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 213 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 12414 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 0 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 426 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 426 | Subtotal |
| Tax Based On Investment Income | 426 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 148 | EstTaxPaymentsAndOverpayment |
| Tax Paid With Extension | 500 | TaxPaidWithExtension |
| Total Credits And Payments | 648 | TotalCreditsAndPayments |
| Original Return Overpayment | -648 | OriginalReturnOverpayment |
| Overpayment | 222 | Overpayment |
| Amount Credited To Next Year | 222 | 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 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | WA | 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 | POWDERMILL FINANCIAL SOLUTIONS LLC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 3026587796 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 263 | AddressLine1 |
| City | ROCKLAND | City |
| State | DE | State |
| ZIP Code | 19732 | 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 |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| 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 (4 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| WANDA J HERNDON | ||||||||
| 2033 2ND AVENUE PH-3 | SEATTLE | WA | 98121 | DIR, PRES | 1.00 | 0 | 0 | 0 |
| MARY J WILLIAMS | ||||||||
| 535 HIGH DRIVE | LAGUNA BEACH | CA | 92651 | SEC/VP/DIRECTOR | 1.00 | 0 | 0 | 0 |
| DR AVON LORRAINE BURNS | ||||||||
| 1623 BROAD CT | SAGINAW | MI | 48503 | DIRECTOR | 1.00 | 0 | 0 | 0 |
| MARY BROADWAY | ||||||||
| 4790 DRESDEN CT | SAGINAW | MI | 28601 | DIRECTOR | 1.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Tot Number Of Oth Empl Paid Over50k | 0 | TotNumberOfOthEmplPaidOver50k |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
| Tot Number Of Cntrct Paid Over50k | 0 | TotNumberOfCntrctPaidOver50k |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 191801 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 22060 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 213861 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 213861 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 3208 | CashDeemedCharitable |
| Net Noncharitable Assets | 210653 | NetNoncharitableAssets |
| Minimum Investment Return | 10533 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 10533 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 426 | TaxBasedOnInvestmentIncome |
| Total Tax | 426 | TotalTax |
| Distributable Amount Before Adj | 10107 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 10107 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 10107 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 0 | ExpensesAndContributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 10107 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 17292 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 17292 | TotalExcessDistriCarryover |
| Excess Distri Cyov App CY Corpus | 10107 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 10107 | ExcessDistriCyovAppliedCY |
| Total Corpus | 7185 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 7185 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 7185 | ExcessFromYear1 |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | WANDA J HERNDON | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $6,124 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $20,197 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $26,321 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 26321 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | POWDERMILL FINANCIAL SOLUTIONS TAX & ACCOUNTING | Category |
| Amount | $2,800 | Amount |
| Net Investment Income | 2800 | NetInvestmentIncome |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SHORT AND LONG TERM SECURITIES - SEE ATTACHED SCHEDULE | Name |
| How Acquired | Purchased | HowAcquired |
| Gross Sales Price | 86534 | GrossSalesPrice |
| Basis | 66337 | Basis |
| Total Net | 20197 | TotalNet |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | SEE ATTACHED SCHEDULE | NameOfStock |
| EOY Book Value | 172355 | EOYBookValue |
| EOYFMV | 183985 | EOYFMV |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | HARRELL, CONNELL, CORDOVA, HUNTER & PAULEY LEGAL FEES | Category |
| Amount | $310 | Amount |
| Net Investment Income | 310 | NetInvestmentIncome |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription |
|---|
| BANK CHARGES |
| MISCELLANEOUS |
| STATE REGISTRATION |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | BRINKER INV MNGMT FEES | Category |
| Amount | $1,926 | Amount |
| Net Investment Income | 1926 | NetInvestmentIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES | Category |
| Amount | $300 | Amount |
Comments