THE WILLIAM F WELCH AND LORENE W WELCH FOUNDATION: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE WILLIAM F WELCH AND LORENE W WELCH FOUNDATION (EIN 83-6033434)
- Tax period
- 2010-09-01 to 2011-08-31
- Filed
- 2011-11-10
- IRS object ID
- 201123149349100117
- Schema version
- 2010v3.4
- 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
- Compensation Explanation
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-10T14:07:51-06:00 | Timestamp |
| Tax Period End Date | 2011-08-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRADERE MOHATT & RINALDO LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 603 | AddressLine1 |
| City | SHERIDAN | City |
| State | WY | State |
| ZIP Code | 828010603 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 836033434 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILLIAM F WELCH & | BusinessNameLine1 |
| Business Name Line2 | LORENE W WELCH FOUNDATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WILL | NameControl |
| Phone | 3076741770 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX J | AddressLine1 |
| City | SHERIDAN | City |
| State | WY | State |
| ZIP Code | 82801 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM B EBZERY | Name |
| Title | CO-TRUSTEE | Title |
| Phone | 3076741770 | Phone |
| Date Signed | 2011-11-09 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EVERETT J MOHATT | Name |
| Phone | 3076726494 | Phone |
| Date Prepared | 2011-11-10 | DatePrepared |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 | 3681113 | 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 |
| Interest On Savings Rev And Expnss | 1 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 1 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 97141 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 97141 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 79809 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 1331567 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 79809 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | 40910 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 40910 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 217861 | TotalRevenueAndExpenses |
| Total Net Investment Income | 217861 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 16500 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 8250 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 8250 | CompOfcrDirTrstDsbrsChrtblPrps |
| Legal Fees Rev And Expnss | 6 | LegalFeesRevAndExpnss |
| Legal Fees Net Invst Incm | 6 | LegalFeesNetInvstIncm |
| Accounting Fees Rev And Expnss | 5500 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 4550 | AccountingFeesNetInvstIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 950 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 33228 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 33228 | OtherProfFeesNetInvstIncm |
| Taxes Rev And Expnss | 10687 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 242 | TaxesNetInvstIncm |
| Other Expenses Rev And Expnss | 824 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 824 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 66745 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 47100 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 9200 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 160000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 160000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 226745 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 47100 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 169200 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -8884 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 170761 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 152009 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 387433 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 387433 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 2591329 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 2347021 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 2898896 | InvestmentsCorpStockEOYFMV |
| Other Assets BOY | 40975 | OtherAssetsBOY |
| Other Assets EOY | 40975 | OtherAssetsEOY |
| Other Assets EOYFMV | 394784 | OtherAssetsEOYFMV |
| Total Assets BOY | 2784313 | TotalAssetsBOY |
| Total Assets EOY | 2775429 | TotalAssetsEOY |
| Total Assets EOYFMV | 3681113 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 2784313 | RetainedEarningsBOY |
| Retained Earnings EOY | 2775429 | RetainedEarningsEOY |
| Total Net Assets BOY | 2784313 | TotalNetAssetsBOY |
| Total Net Assets EOY | 2775429 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 2784313 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 2775429 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 2784313 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -8884 | ExcessOfRevenueOverExpenses |
| Subtotal | 2775429 | Subtotal |
| Total Net Assets Fund Balances EOY | 2775429 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (32 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date AcquiredDateAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|---|
| 1200-BANCO SANTANDERS S.A. | P | 2010-06-11 | 2011-03-09 | 13776 | 12478 | 1298 | 1298 |
| 1000-EV ENERGY PARTNERS LP | P | 2010-06-09 | 2011-08-03 | 66773 | 29701 | 37072 | 37072 |
| CLASS ACTION PROCEEDS | P | 2011-08-31 | 139 | 139 | 139 | ||
| 1000-ANNALY CAPITAL MANAGEMENT | P | 2009-09-22 | 2010-11-01 | 17582 | 19646 | -2064 | -2064 |
| 1000-FIFTH THIRD CAP TR | P | 2009-06-11 | 2011-06-15 | 25000 | 21050 | 3950 | 3950 |
| FEE COAL | P | 2011-03-31 | 25000 | 25000 | 25000 | ||
| 300-ANNALY CAPITAL MANAGEMENT | P | 2009-11-05 | 2010-11-01 | 5275 | 5154 | 121 | 121 |
| 2000-FIFTH THIRD CAP TR | P | 2010-11-17 | 2011-06-15 | 50000 | 52146 | -2146 | -2146 |
| 1500-BANK AMERICA CORP | P | 2010-04-19 | 2011-05-02 | 18536 | 27847 | -9311 | -9311 |
| 600-FLUOR CORPORATION | P | 2008-12-22 | 2011-03-09 | 41183 | 25967 | 15216 | 15216 |
| 600-BANK AMERICA CORP | P | 2010-07-20 | 2011-05-02 | 7414 | 8164 | -750 | -750 |
| 700-JP MORGAN CHASE & CO | P | 2008-12-22 | 2011-06-03 | 29314 | 21720 | 7594 | 7594 |
| 500-BEST BUY CO | P | 2010-06-16 | 2011-03-09 | 15670 | 19226 | -3556 | -3556 |
| 100-JP MORGAN CHASE & CO | P | 2010-06-10 | 2011-06-03 | 4188 | 3795 | 393 | 393 |
| 300-CATERPILLAR INC | P | 2006-10-20 | 2011-03-09 | 30852 | 17954 | 12898 | 12898 |
| 800-JP MORGAN CHASE & CO | P | 2010-10-13 | 2011-06-06 | 32734 | 31309 | 1425 | 1425 |
| 500-CELGENE CORP | P | 2007-10-25 | 2011-03-09 | 26883 | 19158 | 7725 | 7725 |
| 1000-ML PFD CAPITAL TRUST | P | 2007-08-23 | 2010-12-15 | 24750 | 25245 | -495 | -495 |
| 2000-CISCO SYSTEMS | P | 2007-04-26 | 2010-12-15 | 38885 | 31051 | 7834 | 7834 |
| 7352.636-SEI INDEX FDS S&P 500 | P | 2009-10-06 | 2010-11-10 | 246093 | 230934 | 15159 | 15159 |
| 2000-DRYSHIPS INC | P | 2009-11-03 | 2011-08-23 | 5081 | 12958 | -7877 | -7877 |
| 150.061-SEI INDEX FDS S&P 500 | P | 2010-10-06 | 2010-11-10 | 5023 | 4569 | 454 | 454 |
| 1000-DRYSHIPS INC | P | 2010-12-29 | 2011-08-23 | 2540 | 5493 | -2953 | -2953 |
| 576-TRANSOCEAN INC | P | 2007-05-22 | 2011-08-23 | 29728 | 48451 | -18723 | -18723 |
| 2000-EL PASO CORP | P | 2006-07-05 | 2010-11-01 | 26790 | 26072 | 718 | 718 |
| 1000-VERIFONE SYSTEM INC | P | 2011-05-26 | 2011-08-23 | 31561 | 49897 | -18336 | -18336 |
| 1000-ELDORADO GOLD CORP | P | 2010-08-25 | 2011-06-03 | 14904 | 18773 | -3869 | -3869 |
| 800-WELLS FARGO & CO | P | 2008-12-22 | 2011-05-26 | 21958 | 22921 | -963 | -963 |
| 500-ENERGY TRANSFER PARTNERS | P | 2009-02-12 | 2011-06-03 | 23253 | 17342 | 5911 | 5911 |
| 3000-WHITING USA TRUST | P | 2010-11-17 | 2011-03-03 | 50963 | 62486 | -11523 | -11523 |
| 500-ENERGY TRANSFER PARTNERS | P | 2010-08-25 | 2011-06-03 | 23253 | 23018 | 235 | 235 |
| 12783.233-WASHINGTON MUTUAL INVESTOR | P | 2011-05-19 | 376466 | 357233 | 19233 | 19233 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 79809 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | -39207 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 61400 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 2922997 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.021006 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 64450 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 2598583 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.024802 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 175120 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 3794515 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.046151 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 172401 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 3894811 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.044264 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 187617 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 3402928 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.055134 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.191357 | TotalDistributionRatio |
| Average Distribution Ratio | 0.038271 | AverageDistributionRatio |
| Net Noncharitable Assets | 3644186 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 139467 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 1708 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 141175 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 169200 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 1708 | InvestmentIncomeExciseTax |
| Subtotal | 1708 | Subtotal |
| Tax Based On Investment Income | 1708 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 5720 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 5720 | TotalCreditsAndPayments |
| Overpayment | 4012 | Overpayment |
| Amount Credited To Next Year | 1710 | AmountCreditedToNextYear |
| Amount To Be Refunded | 2302 | AmountToBeRefunded |
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 | WY | 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 | CYPRESS CAPITAL MANAGEMENT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 3076741770 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 EAST LOUCKS ST | AddressLine1 |
| City | SHERIDAN | City |
| State | WY | State |
| ZIP Code | 82801 | ZIPCode |
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 | true | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | true | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| 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 |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 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 |
|---|---|---|---|---|---|---|---|---|
| FRANK ROTELLINI | ||||||||
| PO BOX J | SHERIDAN | WY | 82801 | CO-TRUSTEE | 5.00 | 5500 | 0 | 0 |
| WILLIAM B EBZERY | ||||||||
| PO BOX J | SHERIDAN | WY | 82801 | CO-TRUSTEE | 5.00 | 5500 | 0 | 0 |
| RICHARD M DAVIS JR | ||||||||
| PO BOX J | SHERIDAN | WY | 82801 | CO-TRUSTEE | 5.00 | 5500 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 3095145 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 223021 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 381515 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 3699681 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 3699681 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 55495 | CashDeemedCharitable |
| Net Noncharitable Assets | 3644186 | NetNoncharitableAssets |
| Minimum Investment Return | 182209 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 182209 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 1708 | TaxBasedOnInvestmentIncome |
| Total Tax | 1708 | TotalTax |
| Distributable Amount Before Adj | 180501 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 180501 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 180501 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 169200 | ExpensesAndContributions |
| Qualifying Distributions | 169200 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 1708 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 167492 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 180501 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 55299 | UndistributedIncomePriorYear |
| Qualifying Distributions | 169200 | QualifyingDistributions |
| Applied To Year1 | 55299 | AppliedToYear1 |
| Applied To Current Year | 113901 | AppliedToCurrentYear |
| Undistributed Income CY | 66600 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | WELCH FOUNDATION | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX J | AddressLine1 |
| City | SHERIDAN | City |
| State | WY | State |
| ZIP Code | 82801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 3076741770 | RecipientPhoneNumber |
| Form And Info And Materials | WRITTEN REQUEST | FormAndInfoAndMaterials |
| Submission Deadlines | NONE | SubmissionDeadlines |
| Restrictions On Awards | NONE | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (17 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| BILLINGS CLINIC FOUND | |||||||
| 2917 10TH AVENUE NORTH | BILLINGS | MT | 591079945 | NONE | PUBLIC | CHARITABLE | $30,000 |
| CENTER FOR A VITAL | |||||||
| COMMUNITY | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $7,500 |
| COMMUNITY HOLIDAY | |||||||
| FESTIVAL | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| FAMILY PLANNING OF THE | |||||||
| BIGHORNS | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $3,000 |
| HOLY NAME CATHOLIC CHURCH | |||||||
| 260 E LOUCKS | SHERIDAN | WY | 82801 | NONE | CHURCH | CHARITABLE | $2,500 |
| SHERIDAN COLLEGE | |||||||
| FOUNDATION | SHERIDAN | WY | 82801 | NONE | PUBLIC | EDUCATIONAL | $10,000 |
| SHERIDAN COUNTY LIBRARY | |||||||
| FOUNDATION | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $5,000 |
| WYO THEATRE INC | |||||||
| 42 N MAIN | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $10,000 |
| WYOMING PUBLIC RADIO | |||||||
| UNIV OF WY | LARAMIE | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| CHILD DEVELOPMENT CENTER | |||||||
| 345 SOUTH LINDEN AVENUE | SHERIDAN | WY | 82801 | NONE | PUBLIC | EDUCATIONAL | $1,000 |
| SENIOR CITIZENS COUNCIL | |||||||
| 211 SMITH STREET | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $5,000 |
| FREE CLINIC OF SHERIDAN | |||||||
| 1428 W 5TH STREET | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| HABITAT FOR HUMANITY | |||||||
| OF EASTERN BIGHORNS | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $3,000 |
| CHILDREN HORSES AND | |||||||
| ADULTS IN PARTNERSHIP | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| SHERIDAN COUNTY | |||||||
| HISTORICAL SOCIETY | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $1,000 |
| SHERIDAN COUNTY MEMORIAL | |||||||
| HOSPITAL FOUNDATION | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $77,500 |
| BUSINESS LEADERSHIP | |||||||
| COUNCIL | SHERIDAN | WY | 82801 | NONE | PUBLIC | CHARITABLE | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 160000 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $1 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $97,141 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $1,355 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $79,809 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed (3 entries)
| DescriptionDescription | Exclusion CodeExclusionCode | ExclusionExclusionAmount | Business CodeBusinessCode | Unrelated Business IncomeUnrelatedBusinessIncomeAmount |
|---|---|---|---|---|
| PTP DISTRIBUTIONS | 14 | $39,555 | ||
| NON-DEDUCTIBLE PTP UBTI LOSS | 14 | $12,965 | ||
| VARIOUS PTPS PER SCH K-1 | 900003 | -$12,965 |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | -$12,965 | UnrelatedBusinessIncomeAmount |
| Exclusion | $230,826 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 217861 | 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 (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| TAX PREPARATION | $1,900 | 950 | 950 |
| BOOKKEEPING | $3,600 | 3600 |
Compensation Explanation CompensationExplanation
Compensation Compensation (3 entries)
| FRANK ROTELLINI |
| WILLIAM B EBZERY |
| RICHARD M DAVIS JR |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (60 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| BEGINNING OF YEAR | ||
| 1500-SEADRILL LTD | 51733 | 48554 |
| 4300-ALTRIA GROUP INC. | 63175 | 116917 |
| 700-ANADARKO PETROLEUM CORP | 37825 | 51625 |
| 3000-ANNALY CAPITAL MGMT. INC. | 52919 | 54390 |
| 300-APPLE INC | 72031 | 115449 |
| 1500-AVALON RARE METALS INC | 11238 | 6795 |
| 500-BOEING CO | 28532 | 33430 |
| 1750-BREITBURN ENERGY PARTNERS LP | 36549 | 32358 |
| 300-BUCKEYE PARTNERS LP | 10767 | 18894 |
| 500-CSX CORP | 12614 | 10970 |
| 300-CATERPILLAR INC. | 17954 | 27300 |
| 600-CELGENE CORP | 26682 | 35682 |
| 800-CHEVRON CORP | 57621 | 79072 |
| 1000-COLGATE PALMOLIVE | 36690 | 89970 |
| 2000-EL PASO CORPORATION | 26072 | 38280 |
| 3400-ENBRIDGE ENERGY PARTNERS, LP | 94139 | 96900 |
| 2000-ENCORE ENERGY PARTNERSHIP | 43554 | 39680 |
| 1500-ENTERPRISE PRODS PARTNERS LP | 48587 | 63225 |
| 1000-EV ENERGY PARTNERS LP | 32595 | 68880 |
| 1200-EXXON MOBIL | 76206 | 88824 |
| 800-FREEPORT MCMORAN COPPER & GOLD | 31093 | 37688 |
| 1100-HALLIBURTON CO | 52892 | 48807 |
| 1000-HUGOTON ROYALTY TRUST | 18855 | 22840 |
| 1200-JOHNSON & JOHNSON | 47413 | 78960 |
| 1000-JOY GLOBAL | 22409 | 83450 |
| 750-KINDER MORGAN ENERGY PARTNERS | 43416 | 52620 |
| 2500-LEGACY RESERVES LP | 66052 | 68900 |
| 1400-LINN ENERGY LLC | 41034 | 52990 |
| 2000-MARTIN MIDSTREAM PARTNERS LP | 76642 | 71040 |
| 500-MCDONALDS CORP | 29210 | 45205 |
| 800-MERCK & CO | 23480 | 26476 |
| 600-PEABODY ENERGY CORP | 35256 | 29280 |
| 1000-PENN WEST ENERGY | 19773 | 18730 |
| 500-PEPSICO INC | 29547 | 32215 |
| 1350-PHILIP MORRIS INTERNATIONAL | 40071 | 93582 |
| 2000-PIONEER SOUTHWEST ENERGY UNIT | 50912 | 57240 |
| 1000-QUEST DIAGNOSTICS INC. | 32580 | 50070 |
| 4000-RARE ELEMENT RESOURCES LTD | 39003 | 36000 |
| 1000-REYNOLDS AMERICAN | 29524 | 37570 |
| 10000-SIRIUS XM RADIO INC | 33321 | 18000 |
| 1500-VECTOR GROUP LTD | 27789 | 28020 |
| 900-VOLCANO CORP | 17945 | 26955 |
| 2000-ARES CAPITAL CORP | 48545 | 49960 |
| 1000-BB&T CAPITAL TRUST | 27786 | 26930 |
| 2500-BANK OF AMERICA CORP 8.2% | 56928 | 62250 |
| 2000-BANK OF AMERICA CORP 8.625% | 43677 | 50400 |
| 2000-BARCLAYS BANK PLC 7.75% | 48712 | 48540 |
| 1000-CONSTELLATION ENERGY GRP 8.625% | 22265 | 27030 |
| 1500-FIFTH THIRD CAP TR VI 7.25% | 34312 | 37650 |
| 3000-NATIONAL CITY CAP TR IV 8% | 54404 | 77130 |
| 900-PNC CAPITAL TRUST 7.75% | 22049 | 23373 |
| 3500-REGIONS FINANCING TR | 87808 | 88760 |
| 1000-SUNTRUST CAPITAL IX 7.875% | 22025 | 25510 |
| 1800-WELLS FARGO CAPITAL 7.875% | 44661 | 47610 |
| 3800-ZIONS BANCORP | 93701 | 96520 |
| 1000-WELLS FARGO CAPITAL XIV 8.625% | 25375 | 27400 |
| 0.297-FIDELITY CONTRA FUND | 15 | 20 |
| 500-SELECT SECTOR SPDR-ENERGY | 29940 | 34320 |
| 1624.7871-TORTOISE ENERGY CAPITAL CO | 39118 | 41660 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL | Category |
| Amount | $6 | Amount |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets (3 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| COINS & BULLION | 32251 | 32251 | 98464 |
| MINERALS | 8724 | 8724 | 8724 |
| COAL | 287596 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| EXPENSES | ||
| BANK CHARGES | 22 | 22 |
| SAFE DEPOSIT BOX | 160 | 160 |
| STORAGE EXPENSE | 642 | 642 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (4 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| HUGOTON ROYALTY TRUST | 1355 | 1355 |
| PTP DISTRIBUTIONS | 39555 | 39555 |
| NON-DEDUCTIBLE PTP UBTI LOSS | 12965 | |
| VARIOUS PTPS PER SCH K-1 | -12965 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT | Category |
| Amount | $33,228 | Amount |
| Net Investment Income | 33228 | NetInvestmentIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| EXCISE TAXES | $10,445 | |
| FOREIGN TAXES ON DIVIDENDS | $242 | 242 |
Comments