WHEAT FOUNDATION INC: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- WHEAT FOUNDATION INC (EIN 20-1416734)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-13
- IRS object ID
- 201121339349101462
- Schema version
- 2010v3.2
- 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
- Accounting Fees Schedule
- Compensation Explanation
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-13T11:59:40-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HICKEY WOOD & ASSOCIATES CPAS PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5950 FAIRVIEW RD STE 500-B | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 28210 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201416734 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE WHEAT FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WHEA | NameControl |
| Phone | 7043623328 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1108 MAPESBURY LANE | AddressLine1 |
| City | WAXHAW | City |
| State | NC | State |
| ZIP Code | 281736855 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JASON M BECKERT | Name |
| Title | PRESIDENT | Title |
| Phone | 7043623328 | Phone |
| Date Signed | 2011-05-13 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARTIN J HICKEY | Name |
| Phone | 7045560228 | Phone |
| Date Prepared | 2011-05-13 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 12818 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 29 | ContriReceivedRevAndExpnss |
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 3 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 3 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 3 | InterestOnSavingsAdjNetIncm |
| Dividends Rev And Expnss | 35 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 35 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 35 | DividendsAdjNetIncm |
| Total Revenue And Expenses | 67 | TotalRevenueAndExpenses |
| Total Net Investment Income | 38 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 38 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 300 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 300 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 300 | AccountingFeesAdjNetIncm |
| Other Expenses Rev And Expnss | 94 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 94 | OtherExpensesNetInvstIncm |
| Other Expenses Adj Net Incm | 94 | OtherExpensesAdjNetIncm |
| Tot Opr Expenses Rev And Expnss | 394 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 394 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 394 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 1000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 1000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 1394 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 394 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 394 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 1000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -1327 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 10756 | CashBOY |
| Cash EOY | 9429 | CashEOY |
| Cash EOYFMV | 12818 | CashEOYFMV |
| Land Building And Equipment Basis | 2000 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 2000 | AccumDeprecLandBldgAndEquip |
| Total Assets BOY | 10756 | TotalAssetsBOY |
| Total Assets EOY | 9429 | TotalAssetsEOY |
| Total Assets EOYFMV | 12818 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 10756 | RetainedEarningsBOY |
| Retained Earnings EOY | 9429 | RetainedEarningsEOY |
| Total Net Assets BOY | 10756 | TotalNetAssetsBOY |
| Total Net Assets EOY | 9429 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 10756 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 9429 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 10756 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -1327 | ExcessOfRevenueOverExpenses |
| Subtotal | 9429 | Subtotal |
| Total Net Assets Fund Balances EOY | 9429 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 1000 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 11697 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.085492 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 6100 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 12582 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.484820 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 5200 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 16887 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.307929 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 300 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 10158 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.029533 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 216 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 8384 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.025763 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.933537 | TotalDistributionRatio |
| Average Distribution Ratio | 0.186707 | AverageDistributionRatio |
| Net Noncharitable Assets | 10839 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 2024 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 2024 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 1000 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | NC | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | JASON M BECKERT | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 7049968258 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1108 MAPESBURY LANE | AddressLine1 |
| City | WAXHAW | City |
| State | NC | State |
| ZIP Code | 281736855 | ZIPCode |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| JASON M BECKERT | ||||||||
| 1108 MAPESBURY LANE | WAXHAW | NC | 281736855 | DIRECTOR | 1.00 | 0 | 0 | 0 |
| MOLLY V BECKERT | ||||||||
| 1108 MAPESBURY LANE | WAXHAW | NC | 281736855 | DIRECTOR | 1.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 5884 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 5120 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 11004 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 11004 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 165 | CashDeemedCharitable |
| Net Noncharitable Assets | 10839 | NetNoncharitableAssets |
| Minimum Investment Return | 542 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 542 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 542 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 542 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 542 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 1000 | ExpensesAndContributions |
| Qualifying Distributions | 1000 | QualifyingDistributions |
| Adj Qualifying Distributions | 1000 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 542 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year4 | 4 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 5200 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 6100 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 415 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 11719 | TotalExcessDistriCarryover |
| Qualifying Distributions | 1000 | QualifyingDistributions |
| Applied To Current Year | 542 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 458 | RemainingDistriFromCorpus |
| Total Corpus | 12177 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 12177 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 4 | ExcessFromYear4 |
| Excess From Year3 | 5200 | ExcessFromYear3 |
| Excess From Year2 | 6100 | ExcessFromYear2 |
| Excess From Year1 | 415 | ExcessFromYear1 |
| Excess From Current Year | 458 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ST ANN CATHOLIC CHURCH | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3635 PARK ROAD | AddressLine1 |
| City | CHARLOTTE | City |
| State | NC | State |
| ZIP Code | 282094109 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationship |
| Recipient Foundation Status | EXEMPT | RecipientFoundationStatus |
| Purpose Of Grant Or Contribution | CHARITABLE DONATION | PurposeOfGrantOrContribution |
| Amount | $1,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 1000 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 3 | RelatedOrExemptFunctionIncome |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 35 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 38 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 38 | TotalPartXVIA |
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 3 | LineNumber |
| Relationship Statement | MAKING CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS | RelationshipStatement |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | TAX PREPARATION | Category |
| Amount | $300 | Amount |
| Net Investment Income | 300 | NetInvestmentIncome |
| Adjusted Net Income | 300 | AdjustedNetIncome |
Compensation Explanation CompensationExplanation
Compensation Compensation (2 entries)
| JASON M BECKERT |
| MOLLY V BECKERT |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cost Or Other Basis | 2000 | CostOrOtherBasis |
| Accumulated Depreciation | 2000 | AccumulatedDepreciation |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NET ORGANIZATION COST | Description |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome |
|---|---|---|---|
| EXPENSES | |||
| INVESTMENT ANNUAL FEE | 65 | 65 | 65 |
| ADVERTISING | 29 | 29 | 29 |