BRUNO AND EVELYNE BETTI FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- BRUNO AND EVELYNE BETTI FOUNDATION (EIN 26-4539000)
- Tax period
- 2021-01-01 to 2021-10-29
- Filed
- 2022-08-10
- IRS object ID
- 202212229349100506
- Schema version
- 2021v4.2
- 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
- Accounting Fees Schedule
- Dissolution Stmt
- Liquidation Explanation Stmt
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Reasonable Cause Explanation
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-08-10T10:35:06-05:00 | ReturnTs |
| Tax Period End | 2021-10-29 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 WEST FIRST STREET SUITE 700 | AddressLine1Txt |
| City | DULUTH | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264539000 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRUNO AND EVELYNE BETTI FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BETT | BusinessNameControlTxt |
| Phone | 4068551716 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3840 PALISADES PARK DR | AddressLine1Txt |
| City | BILLINGS | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STAN HILL | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4068551716 | PhoneNum |
| Signature | 2022-08-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | STAN | PersonFirstNm |
| Person Last | HILL | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE BOYER | PreparerPersonNm |
| PTIN | P01278549 | PTIN |
| Phone | 2187275025 | PhoneNum |
| Preparation | 2022-08-09 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $8,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $71,984 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $11,888 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $370,157 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,762,793 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $370,157 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,200 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $451,341 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $382,045 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $237,500 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $23,750 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $213,750 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $8,845 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $8,845 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $18,003 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $18,003 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $43,269 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $21,635 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $21,634 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $4,100 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $820 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $3,280 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $13,436 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,185 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $10,661 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $9,130 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $9,130 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $2,430 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,430 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $8,785 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $8,785 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $345,498 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $47,390 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $296,518 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,973,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,973,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,318,498 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $47,390 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,269,518 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$5,867,157 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $334,655 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $66,943 | CashBOYAmt |
| Sav And Temp Cash Invst BOY | $244,993 | SavAndTempCashInvstBOYAmt |
| US Government Obligations BOY | $5,349,965 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Total Assets BOY | $5,661,901 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $5,661,901 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $5,661,901 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,661,901 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $0 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $5,661,901 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$5,867,157 | ExcessRevenueOverExpensesAmt |
| Other Increases | $241,307 | OtherIncreasesAmt |
| Subtotal | $36,051 | SubtotalAmt |
| Other Decreases | $36,051 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| Gross Sales Price | $5,762,793 | GrossSalesPriceAmt |
| Cost Or Other Basis | $5,392,636 | CostOrOtherBasisAmt |
| Gain Or Loss | $370,157 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $370,157 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $370,157 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,652 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4,652 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4,652 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $88 | EsPenaltyAmt |
| Tax Due | $4,740 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (1) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | WA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STANLEY HILL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4068551716 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3840 PALISADES PARK DR | AddressLine1Txt |
| City | BILLINGS | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| STANLEY HILL | ||||||||
| 3840 PALISADES PARK DR | BILLINGS | MT | 59102 | PRESIDENT | 35.00 | $98,500 | $0 | $0 |
| THOMAS REINHARDT | ||||||||
| 8533 SKOOKUMCHUCK RD SE | TENINO | WA | 98589 | VICE PRESIDENT | 5.00 | $68,000 | $0 | $0 |
| ALEXANDER MACKIE | ||||||||
| PO BOX 607 | WINTHROP | WA | 98862 | SECRETARY, TREASURER | 5.00 | $71,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $2,904,658 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $179,412 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $3,084,070 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,084,070 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $46,261 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,037,809 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $125,674 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $125,674 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,652 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,652 | TotalTaxAmt |
| Distributable Before Adj | $121,022 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $121,022 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $121,022 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,269,518 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $6,269,518 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $121,022 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $17,490 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $13,261 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $22,649 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,137,621 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $11,464,907 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $14,655,928 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,269,518 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $121,022 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $6,148,496 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $20,804,424 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $17,490 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $20,786,934 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $13,261 | ExcessFromYear4Amt |
| Excess From Year3 | $22,649 | ExcessFromYear3Amt |
| Excess From Year2 | $3,137,621 | ExcessFromYear2Amt |
| Excess From Year1 | $11,464,907 | ExcessFromYear1Amt |
| Excess From Current Year | $6,148,496 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUBS OF SNOHOMISH COUNTY | |||||||
| 8223 BROADWAY 100 | EVERETT | WA | 98203 | NONE | PC | BREWSTER WA BOYS AND GIRLS CLUB TOURNAMENT | $10,000 |
| CENTRAL MONTANA FOUNDATION | |||||||
| PO BOX 334 | LEWISTOWN | MT | 59457 | NONE | PC | PETROLEUM COUNTY COMMUNITY CENTER ENDOWMENT | $1,410,000 |
| COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON | |||||||
| 9 S WENATCHEE AVE | WENATCHEE | WA | 98801 | NONE | PC | OKANOGAN FIRE DISTRICT 6 EQUIPMENT & TOWER | $500,000 |
| COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON | |||||||
| 9 S WENATCHEE AVE | WENATCHEE | WA | 98801 | NONE | PC | CREATE A FUND DESIGNATED FOR THE BENEFIT OF THE BREWSTER BOYS AND GIRLS CLUB | $105,000 |
| METHOW VALLEY RIDING UNLIMITED | |||||||
| 9 S WENATCHEE AVE | WENATCHEE | WA | 98801 | NONE | PC | UNRESTRICTED GRANT FOR PROGRAM SUPPORT | $5,000 |
| COMMUNITY FOUNDATION OF SOUTH PUDGET SOUND | |||||||
| 212 UNION AVE SE 102 | OLYMPIA | WA | 98501 | NONE | PC | ESTABLISH A NON-ENDOWED FIELD OF INTEREST FUND TO SUPPORT CHARITABLE PROGRAMS AND SERVICES THAT A) PROVIDE OPPORTUNITIES TYPICALLY NOT OTHERWISE AVAILABLE PARTICULARLY IN SMALLER COMMUNTITIES, (B) WHICH PROMOTE A TECHNICAL OR PROFESSIONAL SKILL NOT OTHERWISE GENERALLY AVAILABLE IN THE COMMUNITY TO YOUNG MEN AND WOMEN LEADING TO A LIFETIME CAREER, (C) WHICH ENABLE TO HANDICAPPED OR UNDERPRIVLEGED TO ACHIEVE LIFE GOALS AND (D) WHICH PROMOTE THE ABILITY OF WORKING INDIVIDUALS TO BECOME MORE PRODUCTIVE MEMBERS OF SOCIETY. | $200,000 |
| SOUTH PUGET SOUND COMMUNITY COLLEGE FOUNDATION | |||||||
| 2011 MOTTMAN RD SW | OLYMPIA | WA | 98512 | NONE | PC | CREATE AN ENDOWED FUND TO SUPPORT NURSING SCHOLARSHIPS | $605,000 |
| ST MARTINS UNIVERSITY FOUNDATION | |||||||
| 5000 ABBEY WAY SE | LACEY | WA | 98503 | NONE | PC | CREATE THE BRUNO AND EVELYNE BETTI FOUNDATION LEGACY NURSING SCHOLARSHIP ENDOWMENT | $605,000 |
| ST JOHN'S LUTHERAN MINISTRIES FOUNDATION | |||||||
| 3940 RIMROCK RD | BILLINGS | MT | 59101 | NONE | PC | NURSING HOME DIVISION SUPPORT | $500,000 |
| TENINO BOYS & GIRLS CLUB | |||||||
| 301 OLD HWY 99 SE | TENINO | WA | 98589 | NONE | PC | SUPPORT PROGRAMS DESIGNED TO EMPOWER KIDS AND TEENS TO EXCEL IN SCHOOL, BECOME GOOD COMMUNITY MEMBERS AND LEAD HEALTHY, PRODUCTIVE LIVES. | $13,000 |
| CENTRAL MONTANA FOUNDATION | |||||||
| PO BOX 334 | LEWISTOWN | MT | 59457 | NONE | PC | PETROLEUM COUNTY COMMUNITY CENTER YOUTH PROGRAM | $1,600,000 |
| CENTRAL MONTANA FOUNDATION | |||||||
| PO BOX 334 | LEWISTOWN | MT | 59457 | NONE | PC | WINNETT SWIMMING POOL FUND | $20,000 |
| COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON | |||||||
| 9 S WENATCHEE AVE | WENATCHEE | WA | 98801 | NONE | PC | ESTABLISH A NON-ENDOWED FIELD OF INTEREST FUND TO SUPPORT CHARITABLE PROGRAMS AND SERVICES | $400,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,973,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $71,984 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $370,157 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | IRS TAX REFUND | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $1,200 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $443,341 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $443,341 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESTATE OF EVELYNE BETTI | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3840 PALISADES PARK DR | AddressLine1Txt |
| City | BILLINGS | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $8,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $43,269 | Amt |
| Net Investment Income | $21,635 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $21,634 | DisbursementsCharitablePrpsAmt |
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Short ExplanationShortExplanationTxt | DissolutionDissolutionAmt |
|---|---|---|---|---|---|
| CENTRAL MONTANA FOUNDATION | |||||
| PO BOX 334 | LEWISTOWN | MT | 59457 | $1,400,000 TO THE CENTRAL MONTANA FOUNDATION TO SUPPORT THE PETROLEUM COUNTY COMMUNITY CENTER. | $1,400,000 |
| COMMUNITY FOUNDATION OF SOUTH PUGET SOUND | |||||
| 212 UNION AVE SE 102 | OLYMPIA | WA | 98501 | $200,000 TO THE COMMUNITY FOUNDATION OF SOUTH PUGET SOUND TO ESTABLISH A NON-ENDOWED FIELD OF INTEREST FUND TO SUPPORT CHARITABLE PROGRAMS AND SERVICES THAT A) PROVIDE OPPORTUNITIES TYPICALLY NOT OTHERWISE AVAILABLE PARTICULARLY IN SMALLER COMMUNITIES, (B) WHICH PROMOTE A TECHNICAL OR PROFESSIONAL SKILL NOT OTHERWISE GENERALLY AVAILABLE IN THE COMMUNITY TO YOUNG MEN AND WOMEN LEADING TO A LIFETIME CAREER, ( C) WHICH ENABLE THE HANDICAPPED OR UNDERPRIVILEGED TO ACHIEVE LIFE GOALS AND (D) WHICH PROMOTE THE ABILITY OF WORKING INDIVIDUALS TO BECOME MORE PRODUCTIVE MEMBERS OF SOCIETY. | $200,000 |
| COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON | |||||
| 9 S WENATCHEE AVE | WENATCHEE | WA | 98801 | 1. $100,000 TO THE COMMUNITY FOUNDATION OFNORTH CENTRAL WASHINGTON TO CREATE A DESIGNATED FUND FOR THE BENEFIT OF THE BREWSTER BOYS AND GIRLS CLUB;2. $400,000 TO THE COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON TO CREATE A FIELD OF INTEREST FUND. DISTRIBUTIONS SHALL BE MADE ANNUALLY TO ONE OR MORE PUBLIC CHARITIES IN THE FOLLOWING FIELD(S) OF INTEREST: (A) PROVIDE OPPORTUNITIES TYPICALLY NOT OTHERWISE AVAILABLE PARTICULARLY IN SMALLER COMMUNITIES, (B) WHICH PROMOTE A TECHNICAL OR PROFESSIONAL SKILL NOT OTHERWISE GENERALLY AVAILABLE IN THE COMMUNITY TO YOUNG MEN AND WOMEN LEADING TO A LIFETIME CAREER, (C) WHICH ENABLE THE HANDICAPPED OR UNDERPRIVILEGED TO ACHIEVE LIFE GOALS AND ( D) WHICH PROMOTE THE ABILITY OF WORKING INDIVIDUALS TO BECOME MORE PRODUCTIVE MEMBERS OF SOCIETY. | $500,000 |
| SOUTH PUGET SOUND COMMUNITY COLLEGE FOUNDATION | |||||
| 2011 MOTTMAN RD SW | OLYMPIA | WA | 98512 | $500,000 TO THE SOUTH PUGET SOUND COMMUNITY COLLEGE FOUNDATION TO CREATE AN ENDOWED FUND TO SUPPORT NURSING SCHOLARSHIPS; $105,000 SPLIT OF THE REMAINING NET ASSETS. | $605,000 |
| ST MARTINS UNIVERSITY FOUNDATION | |||||
| 5000 ABBEY WAY SE | LACEY | WA | 98503 | $500,000 TO ST MARTINS UNIVERSITY FOUNDATION TO CREATE THE BRUNO AND EVELYNE BETTI FOUNDATION LEGACY NURSING SCHOLARSHIP ENDOWMENT; ; $105,000 SPLIT OF THE REMAINING NET ASSETS | $605,000 |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | A RESOLUTION OF DISSOLUTION WAS APPROVED BY THE FOUNDATION'S BOARD OF DIRECTORS ON OCTOBER 19, 2021. THE PLAN OF DISTRIBUTION WAS APPROVED BY THE OFFICE OF THE ATTORNEY GENERAL OF THE STATE OF WASHINGTON ON SEPTEMBER 20, 2021. ACCORDING TO THE PLAN OF DISSOLUTION, ALL ASSETS OF THE FOUNDATION SHALL BE DISTRIBUTED AS FOLLOWS: A. ALL LIABILITIES AND OBLIGATIONS OF THE FOUNDATION SHALL BE PAID, SATISFIED AND DISCHARGED, OR ADEQUATE PROVISION SHALL BE MADE THEREFOR (APPROXIMATELY $136,000 IN EXPENSES); B. THE BALANCE OF THE ASSETS WILL BE DISTRIBUTED AS FOLLOWS: 1. $1,400,000 TO THE CENTRAL MONTANA FOUNDATION TO SUPPORT THE PETROLEUM COUNTY COMMUNITY CENTER TO ESTABLISH A NON-ENDOWED FIELD OF INTEREST FUND TO SUPPORT CHARITABLE PROGRAMS AND SERVICES THAT A) PROVIDE OPPORTUNITIES TYPICALLY NOT OTHERWISE AVAILABLE PARTICULARLY IN SMALLER COMMUNITIES, (B) WHICH PROMOTE A TECHNICAL OR PROFESSIONAL SKILL NOT OTHERWISE GENERALLY AVAILABLE IN THE COMMUNITY TO YOUNG MEN AND WOMEN LEADING TO A LIFETIME CAREER, ( C) WHICH ENABLE THE HANDICAPPED OR UNDERPRIVILEGED TO ACHIEVE LIFE GOALS AND (D) WHICH PROMOTE THE ABILITY OF WORKING INDIVIDUALS TO BECOME MORE PRODUCTIVE MEMBERS OF SOCIETY;; 2. $200,000 TO THE COMMUNITY FOUNDATION OF SOUTH PUGET SOUND TO ESTABLISH A NON-ENDOWED FIELD OF INTEREST FUND TO SUPPORT CHARITABLE PROGRAMS AND SERVICES THAT A) PROVIDE OPPORTUNITIES TYPICALLY NOT OTHERWISE AVAILABLE PARTICULARLY IN SMALLER COMMUNITIES, (B) WHICH PROMOTE A TECHNICAL OR PROFESSIONAL SKILL NOT OTHERWISE GENERALLY AVAILABLE IN THE COMMUNITY TO YOUNG MEN AND WOMEN LEADING TO A LIFETIME CAREER, ( C) WHICH ENABLE THE HANDICAPPED OR UNDERPRIVILEGED TO ACHIEVE LIFE GOALS AND (D) WHICH PROMOTE THE ABILITY OF WORKING INDIVIDUALS TO BECOME MORE PRODUCTIVE MEMBERS OF SOCIETY; 3. $100,000 TO THE COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON TO CREATE A DESIGNATED FUND FOR THE BENEFIT OF THE BREWSTER BOYS AND GIRLS CLUB; 4. $400,000 TO THE COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON TO CREATE A FIELD OF INTEREST FUND. DISTRIBUTIONS SHALL BE MADE ANNUALLY TO ONE OR MORE PUBLIC CHARITIES IN THE FOLLOWING FIELD(S) OF INTEREST: (A) PROVIDE OPPORTUNITIES TYPICALLY NOT OTHERWISE AVAILABLE PARTICULARLY IN SMALLER COMMUNITIES, (B) WHICH PROMOTE A TECHNICAL OR PROFESSIONAL SKILL NOT OTHERWISE GENERALLY AVAILABLE IN THE COMMUNITY TO YOUNG MEN AND WOMEN LEADING TO A LIFETIME CAREER, (C) WHICH ENABLE THE HANDICAPPED OR UNDERPRIVILEGED TO ACHIEVE LIFE GOALS AND ( D) WHICH PROMOTE THE ABILITY OF WORKING INDIVIDUALS TO BECOME MORE PRODUCTIVE MEMBERS OF SOCIETY; 5. $500,000 TO THE SOUTH PUGET SOUND COMMUNITY COLLEGE FOUNDATION TO CREATE AN ENDOWED FUND TO SUPPORT NURSING SCHOLARSHIPS; 6. $500,000 TO ST MARTINS UNIVERSITY FOUNDATION TO CREATE THE BRUNO AND EVELYNE BETTI FOUNDATION LEGACY NURSING SCHOLARSHIP ENDOWMENT; AND 7. NET ASSETS WILL BE SPLIT EVENLY BETWEEN ST MARTINS UNIVERSITY FOUNDATION AND SOUTH PUGET SOUND COMMUNITY FOUNDATION TO SUPPORT THE NURSING SCHOLARSHIPS. ALL OF THE ABOVE DISTRIBUTIONS WERE MADE, IN ACCORDANCE WITH PLAN OF DISSOLUTION BY NOVEMBER 30, 2021. ACCORDING TO ITEM 7 ABOVE, ST MARTIN'S UNIVERSITY FOUNDATION AND SOUTH PUGET SOUND COMMUNITY FOUNDATION EACH RECEIVED $105,000, AS A SPLIT OF THE REMAINING NET ASSETS. THE FOUNDATION HAS $36,056 OF REMAINING CASH TO PAY THE TAX DUE WITH THE FINAL FORM 990-PF, AS WELL AS ANY ADDITIONAL OUTSTANDING LIABILITIES THAT MAY ARISE. ANY CASH REMAINING AFTER THE SATISFACTION OF ALL OTHER OUTSTANDING LIABILITIES WILL BE PAID OUT AS A FINAL GRANT IN ACCORDANCE WITH THE PLAN OF DISSOLUTION, AS DESCRIBED BELOW. THE PLAN OF DISSOLUTION WAS UPDATED. THE ONLY CHANGE WAS TO THE DISTRIBUTION OF NET ASSETS. ALL SPECIFIC DISTRIBUTIONS WERE MADE AS OUTLINED IN THE ORIGINAL PLAN. WITH RESPECT TO THE NET ASSETS, THE ORIGINAL PLAN IS MODIFIED AS FOLLOWS: - AN ADDITIONAL $10,000 TO THE CENTRAL MONTANA FOUNDATION FOR THE PETROLEUM COUNTY COMMUNITY CENTER (ONE OF THE SPECIFIED DISTRIBUTION RECIPIENTS). - AN ADDITIONAL $5,000 TO THE COMMUNITY FOUNDATION OF NORTH CENTRAL WASHINGTON FOR THE BENEFIT OF THE BREWSTERS BOYS AND GIRLS CLUB (ONE OF THE SPECIFIC DISTRIBUTION RECIPIENTS). - $13,000 TO THE TENINO BOYS AND GIRLS CLUB (A PRIOR RECIPIENT OF FUNDS FROM THE FOUNDATION, BUT NOT SPECIFIED IN THE ORIGINAL PLAN OF DISTRIBUTION). -$5,000 TO METHOW VALLEY RIDING UNLIMITED (A PRIOR RECIPIENT OF FUNDS FROM THE FOUNDATION, BUT NOT SPECIFIED IN THE ORIGINAL PLAN OF DISTRIBUTION). - THE BALANCE ONLY TO THE SOUTH PUGET SOUND COMMUNITY FOUNDATION TO SUPPORT NURSING SCHOLARSHIPS - ONE OF THE TWO NET ASSET RECIPIENTS (NO ASSETS WILL GO TO ST MARTIN UNIVERSITY FOUNDATION). AMONG THE GIFTS OUTSTANDING ARE SEVERAL IN WHICH THE PURPOSE OF THE GIFTS WILL NOT BE COMPLETELY RECOGNIZED AT THE TIME OF CLOSURE. FURTHER THE HOLDERS OF FOUNDATION GRANTS MAY HAVE QUESTIONS ABOUT THE INTENT OR USE OF CERTAIN GIFTS UNDER THEIR CONTROL. TO THIS END, THE BOARD AUTHORIZES AND TASKS INDIVIDUAL MEMBERS OF THE BOARD TO CONTINUE TO WORK IN THEIR INDIVIDUAL CAPACITY TO SEE THAT THE INTENT OF THE FOUNDATION GIFTS IS REALIZED, AND TO ANSWER ANY QUESTIONS WHICH MAY ARISE AND TO USE THEIR BEST JUDGMENT TO ASSURE THAT THE PURPOSES OF THE GIFTS ARE MET THROUGH THE INITIAL FOUR YEARS POST CLOSURE. ALTHOUGH THE FOUNDATION IS TERMINATING ITS GIFT GIVING AND ORGANIZATION IN 2021, ONGOING FACILITY PROJECTS ARE EXPECTED TO LAST AT LEAST THROUGH 2025, AND THE FOUNDATION HAS INITIATED A NUMBER OF ENDOWMENTS DESIGNED TO FOSTER FOUNDATION PURPOSES, MANY OF WHICH ARE IN THEIR INITIAL YEARS OF THE PROGRAM. FOR THIS REASON, THE FOUNDATION HAS A RESPONSIBILITY TO SEE THAT THE INTENT OF THE GIFTS IS APPROPRIATELY CARRIED OUT AND PROVIDE AN ABILITY TO RESPOND TO ONGOING QUESTIONS FROM ENDOWMENT FUND MANAGERS AS TO THE PROPRIETY OF SPECIFIC REQUESTS AND ASSURE PROJECT SPECIFIC PROGRAM REVIEWS CONTINUE THROUGH THAT TIME. | ExplanationTxt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $18,003 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $18,003 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CASH HELD TO PAY FOUNDATION TAXES AND REMAINING EXPENSES | Desc |
| Amt | $36,051 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MISC EXPENSE | $5,118 | $0 | $5,118 |
| BANK FEES | $225 | $0 | $225 |
| INSURANCE | $3,242 | $0 | $3,242 |
| POSTAGE & DELIVERY | $200 | $0 | $200 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | IRS TAX REFUND | Desc |
| Revenue And Expenses Per Books | $1,200 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $1,200 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BASIS ADJUSTMENT FOR TRANSFER | Desc |
| Amt | $241,307 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING FEES | CategoryTxt |
| Amt | $4,100 | Amt |
| Net Investment Income | $820 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,280 | DisbursementsCharitablePrpsAmt |
Reasonable Cause Explanation ReasonableCauseExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE BRUNO AND EVELYNE BETTI FOUNDATION WAS DISSOLVED OCTOBER 29, 2021. THE FOUNDATION PAPER FILED ITS FINAL, SHORT YEAR 2021 FORM 990-PF DECEMBER 28, 2021, WELL IN ADVANCE OF THE ORIGINAL DUE DATE OF MARCH 15, 2022. BECAUSE THE 2021 FORM 990-PF WAS NOT YET AVAILABLE IN DECEMBER 2021 THE FOUNDATION PAPER FILED ITS 2021 FINAL FORM 990-PF ON A 2020 FORM. THIS FORM WAS NOT ALLOWED TO BE E-FILED AND AS STATED WAS MAILED DECEMBER 28, 2021. DUE TO THE IRS BACKLOG IN PROCESSING PAPER RETURNS, THE FINAL RETURN WAS NOT PROCESSED UNTIL AFTER THE 2021 FORM WAS AVAILALBE AND ABLE TO BE E-FILED. THE FOUNDATION DID NOT RECEIVE NOTICE FROM THE IRS THAT IT HAD NOT ACCEPTED THE 2021 PAPER FILED, FINAL FORM 990-PF UNTIL JULY 20, 2022. THE FOUNDATION PRESIDENT, WHO RECEIVES THE MAIL WAS OUT OF TOWN FOR A FUNERAL AND UPON RETURNING AND RECEIVING THE LETTER HE CONTACTED THE CPA TO RESOLVE THE ISSUE IMMEDIATELY. BASED ON THE REASONSABLE CAUSE WE RESPECTFULLY REQUEST NO PENALTIES AND INTEREST FOR LATE FILING BE ASSESSED. | ExplanationTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| PAYROLL TAX EXPENSE | $11,845 | $1,185 | $10,661 |
| IRS 990PF EXCISE TAX PAYMENTS | $1,398 | $0 | $0 |
| STATE OF WA TAX PAYMENTS | $193 | $0 | $0 |