WEP FOUNDATION: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
WEP FOUNDATION (EIN 47-0986248)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-04-29
IRS object ID
202611199349100306
Schema version
2025v4.0
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

FieldValueIRS element (for citing)
Return2026-04-29T07:43:03-04:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN813146074PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROWN HIERS KINDER LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11411 KING STREET EXT SUITE BAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29403ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN470986248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WEP FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWEPFBusinessNameControlTxt
Phone8435772551PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID P BROWNPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8438011502PhoneNum
Signature2026-04-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID P BROWNPreparerPersonNm
PTINP01625674PTIN
Phone8438047069PhoneNum
Preparation2026-04-29PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,205,262FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$89,018ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$165InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$165InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$8,346DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,346DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$26,835NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$80,126GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$26,835CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$124,364TotalRevAndExpnssAmt
Total Net Invst Incm$35,346TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$50,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$16,500CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$33,500CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$3,825PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$1,262PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$2,563PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss$2,465AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,232AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,233AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$6,237OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$5,004OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$1,233OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$480TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$63,007TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$23,998TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$38,529TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$77,007TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$23,998TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$52,529TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$47,357ExcessRevenueOverExpensesAmt
Net Investment Income$11,348NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$52,446CashBOYAmt
Cash EOY$2,791CashEOYAmt
Cash EOYFMV$2,791CashEOYFMVAmt
Corporate Stock BOY$675,989CorporateStockBOYAmt
Corporate Stock EOY$772,861CorporateStockEOYAmt
Corporate Stock EOYFMV$1,202,331CorporateStockEOYFMVAmt
Other Assets EOY$140OtherAssetsEOYAmt
Other Assets EOYFMV$140OtherAssetsEOYFMVAmt
Total Assets BOY$728,435TotalAssetsBOYAmt
Total Assets EOY$775,792TotalAssetsEOYAmt
Total Assets EOYFMV$1,205,262TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$728,435NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$775,792NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$728,435TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$775,792TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$728,435TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$775,792TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$728,435TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$47,357ExcessRevenueOverExpensesAmt
Subtotal$775,792SubtotalAmt
Tot Net Ast Or Fund Balances EOY$775,792TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
87.436 NOMURA MDCP GRW IP2024-12-042025-08-25$2,712$2,777-$65-$65
325.309 FID ADVS NEW INSIGHTS IP2025-06-09$15,000$11,762$3,238$3,238
1444.826 NOMURA MDCP GRW IP2025-08-25$44,818$38,752$6,066$6,066
FieldValueIRS element (for citing)
Capital Gain Net Income$26,835CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$158InvestmentIncomeExciseTaxAmt
Subtotal$158SubtotalAmt
Tax Based On Investment Income$158TaxBasedOnInvestmentIncomeAmt
Tax Due$158TaxDueAmt

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
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksWALKER BUXTONIndividualWithBooksNm
Phone8435772551PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
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 PrsnYes (true)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
WALKER BUXTON
2 COCHRAN COURTCHARLESTONSC29407DIRECTOR000.00$50,000$0$0
EDWARD BUXTON
2 COCHRAN COURTCHARLESTONSC29407SECRETARY000.00$0$0$0
DAVID P BROWN
701 EAST BAY STREET STE 410CHARLESTONSC29403TREASURER000.00$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$1,080,941AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,911AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,102,852TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,102,852AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,543CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,086,309NetVlNoncharitableAssetsAmt
Minimum Investment Return$54,315MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$54,315MinimumInvestmentReturnAmt
Tax Based On Investment Income$158TaxBasedOnInvestmentIncomeAmt
Total Tax$158TotalTaxAmt
Distributable Before Adj$54,157DistributableBeforeAdjAmt
Distributable Before Ded$54,157DistributableBeforeDedAmt
Distributable As Adjusted$54,157DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$52,529ExpensesAndContributionsAmt
Qualifying Distributions$52,529QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$54,157DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$50,177ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$21,159ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$71,336TotalExcessDistributionCyovAmt
Qualifying Distributions$52,529QualifyingDistributionsAmt
Applied To Current Year$52,529AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$1,628ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,628ExcessDistributionCyovAppCYAmt
Total Corpus$69,708TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$69,708ExcessDistriCyovToNextYrAmt
Excess From Year2$48,549ExcessFromYear2Amt
Excess From Year1$21,159ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonWALKER BUXTONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12 COCHRAN COURTAddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29407ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8434780346RecipientPhoneNum
Recipient Email AddressWALKERPMBUXTON@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsLETTER DETAILING NEEDS AND PROPOSED USE OF FUNDSFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
GRACE EPISCOPAL CHURCH
98 WENTWORTH STCHARLESTONSC29401N/APCGENERAL SUPPORT$1,000
AMERICAN RED CROSS
2000 SAM RITTENBERG BLVDCHARLESTONSC29407N/APCGENERAL SUPPORT$10,000
PURE THEATRE
134 CANNON STCHARLESTONSC29403N/APCGENERAL SUPPORT$2,000
CCC EMPLOYEE ASSISTANCE FUND
1 COUNTRY CLUB DRIVECHARLESTONSC29412N/APCGENERAL SUPPORT$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$165ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,346ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$26,835ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$35,346ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$35,346TotalIncomeProducingActyAmt

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1MARGERY W PEARCE SOUTH CAROLINABusinessNameLine1Txt
Business Name Line2CHARITABLE LEAD ANNUITY TRUSTBusinessNameLine2Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1701 EAST BAY STREET STE 509AddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29403ZIPCd
FieldValueIRS element (for citing)
Total Contributions$89,018TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property375 SH APPLE INCNoncashPropertyDesc
Fair Market Value$86,394FairMarketValueAmt
Received2025-01-17ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,465Amt
Net Investment Income$1,232NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,233DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
HARBOR FINANCIAL GROUP MUTUAL FUNDS$406,436$587,914
ALPHABET INC$22,756$75,312
APPLE INC$261,326$372,448
MICROSOFT CORP$82,343$166,657

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescDIVIDENDS RECEIVABLEDesc
EOY Book Value$140EOYBookValueAmt
EOYFMV$140EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADVISORY FEES$4,397$4,397
PROFESSIONAL FEES$1,840$607$1,233

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXESCategoryTxt
Amt$480Amt

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