Weiser Charitable Foundation

“Form 990 part vi, section a, line 2 - wendell dunbar, director, is on the advisory board of mckinley companies llc. Ronald weiser indirectly has an 80% controlling interest. Dunbar has no ownership in mckinley companies llc.”

“There is one class of members with the power to elect directors and approve major corporate actions.”

“Members have the power to elect members of the governing body by majority vote. Each member has one vote. Ronald weiser is the sole member.”

“Part vi, section a, line 1a, line 6 and line 7a - the foundation is a membership organization. Ronald weiser is the only member at this time. The single member elects directors and approves major corporate actions.”

“Approval by members are required for decisions regarding (i) mergers or conversion of the organization, (ii) any sale, lease, exchange or other disposition of all, or substantially all, of the property and assets of the organization, (iii) adoption, amendment and repeal of the organization's bylaws, (iv) amendment of the organization's articles of incorporation, (v) the appointment and removal of members, and (vi) the appointment and removal of members of the governing body. There is one class of members, and each member has one vote. Currently president weiser is the only member.”

“Final return was emailed to all directors for review before filing.”

“Form 1023 and 990 available to the general public during the tax year upon request.”

“The organization made its governing documents available to the general public during the tax year by providing copies upon request. All governing and legal documents are maintained and kept by bodman plc 1901 st. Antoine street detroit, mi 48226 attn: anthony p. Cracchilo”

“Weiser charitable foundation is invested in mckinley provident llc, a u.s. Partnership, which has some foreign investments. The 2021 schedule k-1 reported foreign gross income of 10,797 and foreign expenses of 692, for net foreign income of 10,105. Schedule f filing is not required as the foreign investment is held indirectly through a domestic (united states) pass-through entity. Form 926 is not required to be filed because weiser charitable foundations' share of mckinley provident llc's transfer to a foreign corporation was less than the filing requirement of 100,000. Mckinley provident llc had a direct or indirect interest in a cfc and filed form 5471 with its form 1065 for tax year 2021. Weiser charitable foundation's allocable share is below the filing threshold for filing form 5471. Form 8621 is included for weiser charitable foundation's share of reportable section 1291 gains from mckinley provident llc.”

“Form 990 part v, line 7d - while the organization did not dispose of any tangible personal property requiring the filing of form 8282, it did sell previously donated real estate and did file form 8282 as required.”