WISE FAM FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- WISE FAM FOUNDATION (EIN 65-6374303)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-09-01
- IRS object ID
- 202012459349100526
- Schema version
- 2019v5.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Amortization Schedule
- Cash Deemed Charitable Expln Stmt
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-09-01T15:48:21-07:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 562602228 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROFESSIONAL ADVISORY GROUP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13240 EVENING CREEK DR S STE 312 | AddressLine1Txt |
| City | SAN DIEGO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 921284105 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 656374303 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Wise Family Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WISE | BusinessNameControlTxt |
| Phone | 2394306240 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4309 Crayton Road | AddressLine1Txt |
| City | Naples | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Murray R Wise | PersonNm |
| Person Title | Pres & Chairman | PersonTitleTxt |
| Signature | 2020-09-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Emidio J DelConte | PreparerPersonNm |
| PTIN | P00645718 | PTIN |
| Phone | 8589222821 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2020-11-19 02:30:22Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $5,117,150 | 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 | $300,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $31,067 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $31,067 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $31,067 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $2,424 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,424 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $2,424 | DividendsAdjNetIncmAmt |
| Gross Rents Rev And Expnss | $43,185 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $43,185 | GrossRentsNetInvstIncmAmt |
| Gross Rents Adj Net Incm | $43,185 | GrossRentsAdjNetIncmAmt |
| Net Rental Income Or Loss | $21,351 | NetRentalIncomeOrLossAmt |
| Other Income Rev And Expnss | $62,569 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | -$17,681 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | -$17,681 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $439,245 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $58,995 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $58,995 | TotalAdjNetIncmAmt |
| Legal Fees Rev And Expnss | $414 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $414 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $414 | LegalFeesAdjNetIncmAmt |
| Accounting Fees Rev And Expnss | $17,876 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $8,938 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $8,938 | AccountingFeesAdjNetIncmAmt |
| Other Prof Fees Rev And Expnss | $330 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $330 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $330 | OtherProfFeesAdjNetIncmAmt |
| Taxes Rev And Expnss | $25,835 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,441 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $25,835 | TaxesAdjNetIncmAmt |
| Deprec And Dpltn Rev And Expnss | $25,494 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $14,158 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $14,158 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $140 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Adj Net Incm | $140 | TravConfMeetingAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $88,837 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $11,986 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $345 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $158,926 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $37,267 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $50,160 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $230,255 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $230,255 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $389,181 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $37,267 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $50,160 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $230,255 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $50,064 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $21,728 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8,835 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $21,950 | CashBOYAmt |
| Cash EOY | $26,740 | CashEOYAmt |
| Cash EOYFMV | $26,740 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $838,916 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $687,671 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $687,671 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $46,456 | CorporateStockBOYAmt |
| Corporate Stock EOY | $46,456 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $56,333 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $20,700 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $20,700 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $23,800 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $3,523,581 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $160,202 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $3,388,873 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $3,363,379 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $3,526,000 | LandBldgInvestmentsEOYFMVAmt |
| Mortgage Loans BOY | $297,356 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $233,745 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $233,745 | MortgageLoansEOYFMVAmt |
| Other Investments BOY | $301,722 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $182,457 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $87,007 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $411,153 | OtherAssetsBOYAmt |
| Other Assets EOY | $475,854 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $475,854 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $5,327,126 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,037,002 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $5,117,150 | TotalAssetsEOYFMVAmt |
| Mortgages And Notes Payable BOY | $1,725,000 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $1,320,653 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $1,725,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,320,653 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $3,602,126 | CapitalStockBOYAmt |
| Capital Stock EOY | $3,716,349 | CapitalStockEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $3,602,126 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $3,716,349 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $5,327,126 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $5,037,002 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $3,602,126 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $50,064 | ExcessRevenueOverExpensesAmt |
| Other Increases | $64,844 | OtherIncreasesAmt |
| Subtotal | $3,717,034 | SubtotalAmt |
| Other Decreases | $685 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $3,716,349 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $162,255 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $4,457,417 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.03640 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $148,953 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $2,706,699 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.05503 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $134,319 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $2,364,123 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.05682 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $123,066 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,087,253 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.05896 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $87,500 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,824,614 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.04796 | DistributionYr5Rt |
| Total Distribution | 0.255164 | TotalDistributionRt |
| Average Distribution | 0.051033 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $3,621,270 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $184,804 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $217 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $185,021 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $230,255 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $217 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $217 | SubtotalAmt |
| Tax Based On Investment Income | $217 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,488 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $2,488 | TotalPaymentsAndCreditsAmt |
| Overpayment | $2,271 | OverpaymentAmt |
| Applied To ES Tax | $500 | AppliedToESTaxAmt |
| Refund | $1,771 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Murray Wise | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2394306240 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4309 Crayton Road | AddressLine1Txt |
| City | Naples | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Murray R Wise | ||||||
| 4309 Crayton Road | Naples | FL | 34103 | Pres & Chairman | 1.00 | $0 |
| Valerie G Wise | ||||||
| 4309 Crayton Road | naples | FL | 34103 | VP & Director | 0.00 | $0 |
| Melissa Steed | ||||||
| 5009 SW 2nd Ave | Ocala | FL | 34471 | Director | 0.00 | $0 |
| John B Kirkpatrick | ||||||
| PO Box 537 | Clarion | IA | 50525 | Director | 0.00 | $0 |
| Jason Wise | ||||||
| 915 NE Patchin Lane | Ankeny | IA | 50021 | Director | 0.00 | $0 |
| Alex Anderson | ||||||
| 368 Hawser Lane | Naples | FL | 34102 | Director | 0.00 | $0 |
| William Carlson | ||||||
| 702 Cherry Tree Lane | South Bend | IN | 46617 | Director | 0.00 | $0 |
| Julie Barre | ||||||
| 3 Margory Court | Novato | CA | 94947 | Director | 0.00 | $0 |
| Jamie Knight | ||||||
| 490 Nottingham Dr | Naples | FL | 34109 | Sec/Treasurer | 2.00 | $0 |
| Jeff Wright | ||||||
| 305 NE Third Street | Deeland | IL | 61839 | Director | 0.00 | $0 |
| Kevin Hart | ||||||
| 16726 Pine Ridge Pass | Leo | IN | 46765 | Director | 0.00 | $0 |
| Jason Klingaman | ||||||
| 828 Lydia Drive | Warsaw | IN | 46582 | Director | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $232,416 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $843,861 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $4,200,162 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,276,439 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $1,425,169 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $3,851,270 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $230,000 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $3,621,270 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $181,064 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $181,064 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $217 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $217 | TotalTaxAmt |
| Distributable Before Adj | $180,847 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $180,847 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $180,847 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $230,255 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $230,255 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $217 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $230,038 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $180,847 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $8,534 | UndistributedIncomePYAmt |
| Qualifying Distributions | $230,255 | QualifyingDistributionsAmt |
| Applied To Year1 | $8,534 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $180,847 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $40,874 | RemainingDistriFromCorpusAmt |
| Total Corpus | $40,874 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $40,874 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $40,874 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Murray R Wise | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Iowa State University | |||||||
| PO Box 2230 | Ames | IA | 50010 | None | Educ Inst | To fund scholarships for students selected by University,campus renovations, football team support, Building Fund, etc. | $130,500 |
| Robert Locke Scholarship No IA Comm | |||||||
| 500 College Drive | Mason City | IA | 50401 | None | Educ Inst | Fund scholarships for students selected by University. | $4,000 |
| Mayo Clinic Foundation | |||||||
| 200 First St SW | Rochester | MN | 55905 | None | Educ Inst | Endowment Contribution | $50,000 |
| Parkland College Foundation | |||||||
| 2400 West Bradley Avenue | Champaign | IL | 61821 | None | Educ inst | To fund scholarships for college students | $14,755 |
| University of Illinois Foundation | |||||||
| 1305 West Green Street | Urbana | IL | 61801 | None | Educ inst | fund scholarships for college students | $5,000 |
| UIFFriends of Will | |||||||
| 300 North Goodwin Avenue | Urbana | IL | 61801 | None | NC | General Giving | $1,000 |
| Univ of Nebraska Foundation | |||||||
| 1010 Lincoln Mall Ste 300 | Lincoln | NE | 68508 | None | NC | To help fund Acklie Chair | $20,000 |
| Macy Evans | |||||||
| 1954 Hi Dry Road | Creston | IA | 50801 | None | I | Ag Scholarship | $1,000 |
| Jess Tiffani Toliver | |||||||
| 1202 290th Street | Eagle Grove | IA | 50533 | None | I | Donation to assist family after home burned down | $1,000 |
| Madison Mitchell | |||||||
| 608 Dove Drive | Mahomet | IL | 61853 | None | I | Ag Scholarship | $1,000 |
| Colin Stark | |||||||
| 16052 N 2500 E Road | Pontiac | IL | 61764 | None | I | Ag Scholarship | $1,000 |
| Jessica Yaeger | |||||||
| 14580 State Route 38 | DeKalb | IL | 60115 | None | I | Ag Scholarship | $1,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $230,255 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $31,067 | RelatedOrExemptFunctionIncmAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $2,424 | RelatedOrExemptFunctionIncmAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 531190 | BusinessCd |
| Unrelated Business Taxbl Incm | -$7,592 | UnrelatedBusinessTaxblIncmAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $21,351 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (3 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|
| Laaco Net K-1 Income | 1 | $3,071 |
| RJ Obrien Comodity invest | 1 | -$24,612 |
| Stark Bank K-1 Net Income | 1 | $3,860 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$7,592 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,670 | ExclusionAmt |
| Related Or Exempt Function Incm | $33,491 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $29,569 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | 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 Person | Murray R Wise | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4309 Crayton Road | AddressLine1Txt |
| City | Naples | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 34103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $300,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting & Tax preparation | CategoryTxt |
| Amt | $17,876 | Amt |
| Net Investment Income | $8,938 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $8,938 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Amortization Schedule AmortizationSchedule
Amortization Schedule Detail AmortizationScheduleDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amortized Expenses | Loan Fees - Met Life | AmortizedExpensesDesc |
| Acquired Completed Or Expended | 2018-01-23 | AcquiredCompletedOrExpendedDt |
| Amortized | $2,813 | AmortizedAmt |
| Deduction For Prior Years | $129 | DeductionForPriorYearsAmt |
| Amortization Period | 20.0000 | AmortizationPeriodRt |
| Current Year Amortization | $141 | CurrentYearAmortizationAmt |
| Total Amortization | $270 | TotalAmortizationAmt |
Cash Deemed Charitable Expln Stmt CashDeemedCharitableExplnStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | Cash needed to fund grants and contributions approximating 2019 cash distributions | ShortExplanationTxt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (9 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|---|---|---|---|
| Humboldt 80 Tile | 2008-03-01 | $40,000 | $28,892 | SL | 15.0000 | $2,667 | $2,667 | $2,667 |
| Humboldt 80 Fence | 2009-06-30 | $13,169 | $12,511 | SL | 10.0000 | $658 | $658 | $658 |
| Humboldt 80 Tile | 2010-06-30 | $34,521 | $19,559 | SL | 15.0000 | $2,301 | $2,301 | $2,301 |
| Kossuth 80 Tile | 2008-03-01 | $45,000 | $32,333 | SL | 15.0000 | $3,000 | $3,000 | $3,000 |
| Kossuth 80 Tile | 2012-12-13 | $50,969 | $20,671 | SL | 15.0000 | $3,398 | $3,398 | $3,398 |
| Douglas 16 Tile | 2012-12-14 | $8,500 | $3,449 | SL | 15.0000 | $567 | $567 | $567 |
| Douglas Fence | 2012-12-14 | $800 | $694 | SL | 7.0000 | $106 | $106 | $106 |
| Humboldt 80 Tile | 2015-10-20 | $21,919 | $4,627 | SL | 15.0000 | $1,461 | $1,461 | $1,461 |
| Macon Tile | 2018-11-19 | $170,040 | $945 | SL | 15.0000 | $11,336 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | Bonds at Schwab | BondNm |
| EOY Book Value | $20,700 | EOYBookValueAmt |
| EOYFMV | $23,800 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | Stock at Schwab & Wedbush | StockNm |
| EOY Book Value | $46,456 | EOYBookValueAmt |
| EOYFMV | $56,333 | EOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Improvements | $395,945 | $160,202 | $235,743 | $235,744 |
| Land | $3,127,636 | $3,127,636 | $3,290,256 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| Florida Lots | AT COST | $132,978 | $26,400 |
| LAACO Partnership Interest | AT COST | $18,447 | $47,500 |
| RJ Obrien Commodity Account | FMV | $100 | $100 |
| Stark Bank - S Corp Stock | AT COST | $30,932 | $13,007 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Attorney | CategoryTxt |
| Legal Fees | $414 | LegalFeesAmt |
| Net Investment Income | $414 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $414 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $1,320,653 | MortgageAmt |
Note Payable NotePayableGrp (2 entries)
| Balance DueBalanceDueAmt |
|---|
| First Citizens Bank |
| $620,653 |
| Metropolitan Life Insurance Co |
| $700,000 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| CSV Life Insurance | $408,467 | $473,311 | $473,311 |
| Net Intangible Assets | $2,684 | $2,543 | $2,543 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| 50 per cent of meals | $140 |
| Book-Tax differences in LAACO Partnership income | $469 |
| Penalties | $76 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Amortization | $141 | ||
| Bank Charges | $101 | $101 | |
| Filing Fees | $244 | $244 | |
| Insurance premiums | $4,310 | $4,310 | |
| Rental Expenses | $84,041 | $7,676 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| Laaco Net K-1 Income | $3,071 | $3,071 | $3,071 |
| Rental Income - Noninvestment Property | $80,250 | ||
| RJ Obrien Comodity invest | -$24,612 | -$24,612 | -$24,612 |
| Stark Bank K-1 Net Income | $3,860 | $3,860 | $3,860 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Increase in CSV of Ins Policies | Desc |
| Amt | $64,844 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Title abstracts , etc | CategoryTxt |
| Amt | $330 | Amt |
| Net Investment Income | $330 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $330 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Federal tax payments | $21,748 | $21,748 | |
| Illinois State Taxes | $2,646 | $2,646 | |
| Investment Lots Property Taxes | $1,441 | $1,441 | $1,441 |