STRATEGY STUDIO / PUBLIC DATA EXPLORER

JAMES FAULTLESS FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
JAMES FAULTLESS FOUNDATION (EIN 36-4199685)
Tax period
2021-01-01 to 2021-10-31
Filed
2022-02-11
IRS object ID
202200429349100205
Schema version
2021v4.0
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)
Return2022-02-11T09:49:15-06:00ReturnTs
Tax Period End2021-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN541391150PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1UPDEGROVE MCDANIEL MCMULLEN CHICCEHITTOBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15 LOUDOUN STREET SW SUITE BAddressLine1Txt
CityLEESBURGCityNm
State AbbreviationVAStateAbbreviationCd
ZIP20175ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364199685EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES FAULTLESS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAMEBusinessNameControlTxt
Phone7033468382PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11810 SONOMA AVENUEAddressLine1Txt
CityBERKELEYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94707ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES J WESOLOWSKIPersonNm
Person TitlePRES/TREASPersonTitleTxt
Phone7033468382PhoneNum
Signature2022-01-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAMESPersonFirstNm
Person LastWESOLOWSKIPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDONNA M MCMULLENPreparerPersonNm
PTINP01292423PTIN
Phone7037711818PhoneNum
Preparation2022-02-11PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
PF Status Term Sect507b1 AYes (X)PFStatusTermSect507b1AInd
Final ReturnYes (X)FinalReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$725DividendsRevAndExpnssAmt
Dividends Net Invst Incm$725DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$92,286NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$278,092GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$92,286CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$93,011TotalRevAndExpnssAmt
Total Net Invst Incm$93,011TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$1,055LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$825AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,319TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$51OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,250TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$154,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$154,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$157,250TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$154,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$64,239ExcessRevenueOverExpensesAmt
Net Investment Income$93,011NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,270SavAndTempCashInvstBOYAmt
Corporate Stock BOY$61,224CorporateStockBOYAmt
Total Assets BOY$66,494TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$66,494RetainedEarningBOYAmt
Tot Net Ast Or Fund Balances BOY$66,494TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$0TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$66,494TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$0TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$66,494TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$64,239ExcessRevenueOverExpensesAmt
Subtotal$2,255SubtotalAmt
Other Decreases$2,255OtherDecreasesAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1120.83 SH BBH LIMITED DURATION NP2021-04-292021-08-09$11,589$11,588$1$1
2340 SH PGIM ULTRA SHORT BOND ETFP2021-08-102021-09-09$116,240$116,299-$59-$59
SCHW US SCAP ETF - 300 SHP2014-11-132021-01-13$28,730$16,039$12,691$12,691
VANGUARD TOTAL STOCK MKTSTK- 100 SHP2010-04-122021-01-13$19,873$6,106$13,767$13,767
SCHW US SCAP ETF - 350 SHP2015-01-222021-08-09$35,441$18,973$16,468$16,468
SCHWAB ETFS-US LARGE CAP- 300 SHP2009-11-092021-08-17$32,052$7,643$24,409$24,409
VANGUARD TOTAL STOCK MKTSTK - 150 SHP2010-04-122021-08-17$34,167$9,158$25,009$25,009
FieldValueIRS element (for citing)
Capital Gain Net Income$92,286CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$58NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,293InvestmentIncomeExciseTaxAmt
Subtotal$1,293SubtotalAmt
Tax Based On Investment Income$1,293TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,170EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,170TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$1EsPenaltyAmt
Tax Due$124TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressWWW.JFAULTLESS.ORGWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JAMES WESOLOWSKIBusinessNameLine1Txt
Business Name Line2FAULTLESS FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Phone7033468382PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11810 SONOMA AVENUEAddressLine1Txt
Address Line21810 SONOMA AVENUEAddressLine2Txt
CityBERKELEYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94707ZIPCd
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 PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAMES J WESOLOWSKI
1810 SONOMA AVENUEBERKELEYCA94707PRES/TREAS000.00$0$0$0
KAREN K WESOLOWSKI
1810 SONOMA AVENUEBERKELEYCA94707SEC/DIRECTOR000.00$0$0$0
TREVOR WESOLOWSKI
1810 SONOMA AVEBERKELEYCA94707DIRECTOR000.00$0$0$0
STEPHANIE WESOLOWSKI
1810 SONOMA AVEBERKELEYCA94707DIRECTOR000.00$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$77,799AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,899AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$82,698TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$82,698AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,240CashDeemedCharitableAmt
Net Vl Noncharitable Assets$81,458NetVlNoncharitableAssetsAmt
Minimum Investment Return$3,392MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$3,392MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,293TaxBasedOnInvestmentIncomeAmt
Total Tax$1,293TotalTaxAmt
Distributable Before Adj$2,099DistributableBeforeAdjAmt
Distributable Before Ded$2,099DistributableBeforeDedAmt
Distributable As Adjusted$2,099DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$154,000ExpensesAndContributionsAmt
Qualifying Distributions$154,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,099DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$68,960ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$52,068ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$88,481ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$46,756ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$54,004ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$310,269TotalExcessDistributionCyovAmt
Qualifying Distributions$154,000QualifyingDistributionsAmt
Applied To Current Year$2,099AppliedToCurrentYearAmt
Remaining Distri From Corpus$151,901RemainingDistriFromCorpusAmt
Total Corpus$462,170TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$68,960ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$393,210ExcessDistriCyovToNextYrAmt
Excess From Year4$52,068ExcessFromYear4Amt
Excess From Year3$88,481ExcessFromYear3Amt
Excess From Year2$46,756ExcessFromYear2Amt
Excess From Year1$54,004ExcessFromYear1Amt
Excess From Current Year$151,901ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientForeignAddress/AddressLine1TxtAddress Line2RecipientForeignAddress/AddressLine2TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCd
ANGLICAN CHURCH OF RWANDA
ANGLICAN CHURCH OF RWANDAAVENUE KG 11/30AVENUE KG 11/30KIGALIRWANDARWSEE ATTACHEDCHILD DEVELOPMENT CENTER$40,000
ANGLICAN CHURCH OF RWANDA
ANGLICAN CHURCH OF RWANDAAVENUE KG 11/30AVENUE KG 11/30KIGALIRWANDARWSEE ATTACHEDCHILD DEVELOPMENT CENTER$87,000
PUREHEART CHILDREN'S FUND
PUREHEART CHILDREN'S FUND501(C)(3)GENERATOR FOR CHILDREN'S PROJECT$10,000190 SEMINOLE LN APT 302190 SEMINOLE LN APT 302COCOA BEACHFL32931
INGLESIA GRACIA DE DIOS
INGLECIA GRACIA DE DIOSZONA KARA KARAZONA KARA KARACOCHABAMBABOLIVIABLSEE ATTACHEDEQUIPMENT & VEHICLE - MOBILE CLINIC$17,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$154,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$725ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$92,286ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$93,011ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$93,011TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$825Amt

Dissolution Stmt DissolutionStmt

Dissolution Information DissolutionInformationGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHRIST CHURCH EAST BAYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12138 CEDAR STAddressLine1Txt
CityBERKELEYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94709ZIPCd
FieldValueIRS element (for citing)
Short ExplanationCASH DONATION TO ZERO OUT ACCOUNTShortExplanationTxt
Dissolution$1,016DissolutionAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNm
BBH LIMITED DURATION N
SCHW US SCAP ETF
SCHWAB ETFS - US LARGE CAP ETF
VANGUARD TOTAL STOCK MKT VIPERS
VANGUARD INTL EQTY IND FD ALL

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationTHE FOUNDATION WAS VOLNTARILY DISSOLVED ON OCTOBER 5, 2021. THE STATEMENT OF DISSOLUTION IS ATTACHED. ALL ASSETS WERE DISTRIBUTED TO QUALIFIED CHARITIES.ExplanationTxt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp (2 entries)

CategoryCategoryTxtLegal FeesLegalFeesAmt
LEGAL FEES$861
LEGAL FEES$194

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (4 entries)

DescDescAmtAmt
FINAL TAX RETURN PREPARTION$1,100
US TAX DUE$124
IL FILING FEES$15
DONATION$1,016

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES$45
WEBSITE$6

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
IL FILING FEES$15
FEDERAL TAX$1,304