STRATEGY STUDIO / PUBLIC DATA EXPLORER

WILSON DYNASTY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
WILSON DYNASTY FOUNDATION INC (EIN 86-2180263)
Tax period
2023-01-01 to 2023-12-31
Filed
2025-02-27
IRS object ID
202520589349100412
Schema version
2023v6.0
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)
Return2025-02-27T12:13:39-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN844614358PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CPA KPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3AddressLine1Txt
CityDELANOCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55328ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN862180263EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WILSON DYNASTY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlWILSBusinessNameControlTxt
Phone3176265000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14402 W WOODBRIDGE LANEAddressLine1Txt
CityNEW PALESTINECityNm
State AbbreviationINStateAbbreviationCd
ZIP46163ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL WILSONPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone3176265000PhoneNum
Signature2025-02-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKYLE P ANDERSONPreparerPersonNm
PTINP01535454PTIN
Phone8884021780PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$922,963FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$192,656ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$14,987DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,987DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$207,643TotalRevAndExpnssAmt
Total Net Invst Incm$14,987TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,295OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$1,295OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,295TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,295TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$38,025ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$38,025ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$39,320TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$39,320TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$168,323ExcessRevenueOverExpensesAmt
Net Investment Income$14,987NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$422,047CashBOYAmt
Cash EOY$51,638CashEOYAmt
Cash EOYFMV$51,638CashEOYFMVAmt
Sav And Temp Cash Invst EOY$338,912SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$338,912SavAndTempCashInvstEOYFMVAmt
Inventories BOY$17,678InventoriesBOYAmt
Inventories EOY$17,678InventoriesEOYAmt
Inventories EOYFMV$17,678InventoriesEOYFMVAmt
Other Investments BOY$330,057OtherInvestmentsBOYAmt
Other Investments EOY$529,877OtherInvestmentsEOYAmt
Other Investments EOYFMV$514,735OtherInvestmentsEOYFMVAmt
Total Assets BOY$769,782TotalAssetsBOYAmt
Total Assets EOY$938,105TotalAssetsEOYAmt
Total Assets EOYFMV$922,963TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$769,782RetainedEarningBOYAmt
Retained Earning EOY$938,105RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$769,782TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$938,105TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$769,782TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$938,105TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$769,782TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$168,323ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$938,105SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$938,105TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$208InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$208SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$208TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Tax Due$208TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateINOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressWWW.WILSONRESTORATIVERANCH.ORGWebsiteAddressTxt
Individual With BooksTHE FOUNDATIONIndividualWithBooksNm
Phone3176265000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14402 W WOODBRIDGE LANEAddressLine1Txt
CityNEW PALESTINECityNm
State AbbreviationINStateAbbreviationCd
ZIP46163ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL WILSON
4402 W WOODBRIDGE LANENEW PALESTINEIN46163PRESIDENT/DIRECTOR0.50$0$0$0
THERESA LEON
4402 W WOODBRIDGE LANENEW PALESTINEIN46163DIRECTOR0.10$0$0$0
ELIZABETH WILSON
4402 W WOODBRIDGE LANENEW PALESTINEIN46163DIRECTOR0.10$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE WILSON RESTORATIVE RANCH PROGRAM IS A START-UP INITIATIVE THAT FUNDS PROGRAMS TO COMBAT SEX TRAFFICKING AND SUPPORT SURVIVORS THROUGH AGRICULTURE, LODGING, AND RECREATIONAL ACTIVITIES. REVENUE FROM THESE OPERATIONS HELPS PROVIDE RESOURCES, EMPLOYMENT, AND REHABILITATION OPPORTUNITIES FOR THOSE AFFECTED, WHILE ALSO RAISING AWARENESS AND PROMOTING PREVENTION EFFORTS.Description1Txt
Expenses1$1,295Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$174,843AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$378,916AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$314,915FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$868,674TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$868,674AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,030CashDeemedCharitableAmt
Net Vl Noncharitable Assets$855,644NetVlNoncharitableAssetsAmt
Minimum Investment Return$42,782MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$42,782MinimumInvestmentReturnAmt
Tax Based On Investment Income$208TaxBasedOnInvestmentIncomeAmt
Total Tax$208TotalTaxAmt
Distributable Before Adj$42,574DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$42,574DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$42,574DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$39,320ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$39,320QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$42,574DistributableAsAdjustedAmt
Undistributed Income PY$3,537UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$39,320QualifyingDistributionsAmt
Applied To Year1$3,537AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$35,783AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$6,791UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMICHAEL WILSONContributingManagerNm
Contributing ManagerTHERESA LEONContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CAMPUS CRUSADE FOR CHRIST
100 LAKE HART DRIVEORLANDOFL32832N/APCEVANGELISM AND DISCIPLESHIP ON COLLEGE CAMPUSES$5,000
REAL FAITH - MARK DRISCOLL MINISTRIES
14747 N NORTHSIGHT BLVDSCOTTSDALEAZ85260N/APCSHARING BIBLICAL TEACHINGS AND SPIRITUAL GROWTH RESOURCES$10,000
COATS FOR KIDS
18301 VON KARMAN AVE STE 1100IRVINECA92612N/APCPROVIDING CLOTHES TO CHILDREN IN NEED$25
STADIA CHURCH
3465 S ARLINGTON RDAKRONOH44312N/APCPLANTING AND SUPPORTING NEW CHRISTIAN CHURCHES$2,000
BRIGHTMOOR CHRIST
40800 W 13 MILE RDNOVIMI48377N/APCCHRISTIAN WORSHIP, EDUCATION, AND COMMUNITY OUTREACH$5,000
ALL FOR ONE
925 NORTH POINT PKWY SUITE 115ALPHARETTAGA30005N/APCMENTORING CHRISTIAN YOUTH FOR LEADERSHIP AND SUCCESS$2,000
MORNING CENTER
PO BOX 10528PEORIAIL61612N/APCOFFERING CHRSTIAN BASED MATERNITY CARE FOR UNDERSERVED WOMEN$5,000
LAMB AND LION MINISTRIES
PO BOX 919MCKINNEYTX75070N/APCSUPPORT CHRISTIAN TEACHINGS AND ENGAGE IN OUTREACH$2,000
GIDEONS INTERNATIONAL
PO BOX 140800NASHVILLETN37214N/APCDISTRIBUTING BIBLES WORLDWIDE TO SPREAD FAITH$2,000
SALVATION ARMY
615 SLATERS LANEALEXANDRIAVA22314N/APCHUMANITARIAN AID, DISASTER RELIEF, SOCIAL SERVICES, AND SUPPORT FOR VULNERABLE COMMUNITIES$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$38,025TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,987ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$14,987ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,987TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonMICHAEL WILSONContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14402 W WOODBRIDGE LANEAddressLine1Txt
CityNEW PALESTINECityNm
State AbbreviationINStateAbbreviationCd
ZIP46163ZIPCd
FieldValueIRS element (for citing)
Total Contributions$192,656TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierREQUEST FOR WAIVER OF PENALTIES DUE TO REASONABLE CAUSEIdentifierTxt
Form And Line ReferenceFORM 990-PFFormAndLineReferenceDesc
Medium ExplanationREQUEST FOR WAIVER OF PENALTIES DUE TO REASONABLE CAUSEWILSON DYNASTY FOUNDATION INC.4402 W WOODBRIDGE LANENEW PALESTINE, IN 46163EIN: 86-2180263PHONE: 317-626-5000RE: REQUEST FOR WAIVER OF PENALTIES DUE TO REASONABLE CAUSE FOR LATE FILING OF FORM 990-PF (TAX YEAR 2023)TO WHOM IT MAY CONCERN,THE WILSON DYNASTY FOUNDATION INC. RESPECTFULLY REQUESTS A WAIVER OF ANY PENALTIES RELATED TO THE LATE FILING OF FORM 990-PF FOR THE 2023 TAX YEAR. DESPITE GOOD FAITH EFFORTS, MULTIPLE ATTEMPTS TO FILE THE RETURN BOTH ELECTRONICALLY AND BY MAIL WERE UNSUCCESSFUL DUE TO CIRCUMSTANCES BEYOND THE FOUNDATION'S CONTROL.THE FOUNDATION INITIALLY ATTEMPTED TO FILE THE 2023 FORM 990-PF ELECTRONICALLY BY THE RETURN'S DUE DATE. HOWEVER, REPEATED SYSTEM ERRORS LED TO REJECTIONS. A PAPER COPY WAS SUBSEQUENTLY MAILED, BUT THE IRS NEVER PROCESSED THE RETURN. THE FOUNDATION'S FORMER TAX PREPARER WAS UNABLE TO RESOLVE THE ISSUE, LEAVING THE FILING INCOMPLETE. FURTHER ATTEMPTS WERE MADE IN 2024, BUT THESE WERE UNSUCCESSFUL.RECOGNIZING THAT THE ISSUE REMAINED UNRESOLVED, THE FOUNDATION SOUGHT ASSISTANCE FROM THE IRS TAXPAYER ADVOCATE SERVICE (TAS) IN JUNE 2024. THE TAXPAYER ADVOCATE INTERVENED AND ADVISED ANOTHER FILING ATTEMPT. DESPITE FOLLOWING THIS GUIDANCE, THE RETURN WAS ONCE AGAIN REJECTED.IN JANUARY 2025, THE FOUNDATION ENGAGED CPA KPA, A PROFESSIONAL CPA FIRM, TO ASSIST IN RESOLVING THE MATTER. CPA KPA OBTAINED A LIMITED POWER OF ATTORNEY AND CONTACTED IRS AGENTS IN THE NONPROFIT DEPARTMENT. AFTER REVIEWING THE FOUNDATION'S ACCOUNT, THE IRS CONFIRMED MULTIPLE UNSUCCESSFUL FILING ATTEMPTS AND NOTED THAT THE 2023 TAX YEAR REMAINED OPEN, STILL REQUIRING FORM 990-PF. WITH CPA KPA'S ASSISTANCE, THE FOUNDATION SUCCESSFULLY FILED THE RETURN IN 2025.TO PREVENT FUTURE ISSUES, THE WILSON DYNASTY FOUNDATION HAS RETAINED CPA KPA TO OVERSEE TAX COMPLIANCE AND MANAGE ALL FILINGS. ADDITIONALLY, THE FOUNDATION WILL PROACTIVELY VERIFY THAT IRS SUBMISSIONS ARE RECEIVED AND PROCESSED IN A TIMELY MANNER TO AVOID SIMILAR COMPLICATIONS.THE WILSON DYNASTY FOUNDATION EXERCISED ORDINARY BUSINESS CARE AND PRUDENCE IN ATTEMPTING TO MEET ITS FILING OBLIGATIONS. THE REPEATED REJECTIONS AND UNPROCESSED FILINGS WERE DUE TO UNFORESEEN TECHNICAL AND ADMINISTRATIVE CHALLENGES RATHER THAN WILLFUL NEGLECT. THE FOUNDATION MADE CONTINUOUS EFFORTS TO RESOLVE THE MATTER BY WORKING WITH ITS ORIGINAL PROFESSIONAL TAX PREPARER, ENGAGING THE IRS TAXPAYER ADVOCATE SERVICE, SECURING PROFESSIONAL CPA ASSISTANCE, AND WORKING DIRECTLY WITH IRS AGENTS. GIVEN THESE DILIGENT EFFORTS, THE FOUNDATION RESPECTFULLY REQUESTS FULL ABATEMENT OF ANY PENALTIES RELATED TO THE LATE FILING OF FORM 990-PF FOR THE 2023 TAX YEAR.WE APPRECIATE YOUR TIME AND CONSIDERATION OF THIS REQUEST. IF ADDITIONAL DOCUMENTATION OR CLARIFICATION IS NEEDED, PLEASE CONTACT THE FOUNDATION AT 317-626-5000 OR OUR TAX ADVISOR, CPA KPA, AT 888-402-1780.THANK YOU,WILSON DYNASTY FOUNDATION INC.EIN: 86-2180263MediumExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
PRECIOUS METALSAT COST$330,057$314,915
FIXED INCOME: ASSET BACKED NOTEAT COST$199,820$199,820

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescWEBSITE DESIGN & MAINTENANCEDesc
Revenue And Expenses Per Books$1,295RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,295DisbursementsCharitablePrpsAmt