Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 07-01-2018 , and ending 06-30-2019
Name of foundation
WHITNEY BENEFITS INC AND SUBSIDIARY
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5085
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SHERIDAN, WY82801
A Employer identification number

83-0168511
B Telephone number (see instructions)

(307) 674-7303
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$130,636,402J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 17,491
2 Check bullet.............
3 Interest on savings and temporary cash investments 138,468 138,468  
4 Dividends and interest from securities... 1,379,272 1,379,272  
5a Gross rents............ 37,784 37,784  
b Net rental income or (loss) -14,293
6a Net gain or (loss) from sale of assets not on line 10 6,726,000
b Gross sales price for all assets on line 6a 15,412,110
7 Capital gain net income (from Part IV, line 2)... 6,726,000
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 975 515 460
12 Total. Add lines 1 through 11........ 8,299,990 8,282,039 460
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 142,366 71,183 0 71,183
14 Other employee salaries and wages...... 323,194 107,521 0 215,673
15 Pension plans, employee benefits....... 106,344 40,163 0 66,181
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 28,629 28,629 0 0
c Other professional fees (attach schedule).... Click to see attachment 180,676 148,224 0 32,452
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 41,069 8,646 0 32,423
19 Depreciation (attach schedule) and depletion... Click to see attachment 64,859 44,994 19,865
20 Occupancy.............. 49,145 2,554 0 46,591
21 Travel, conferences, and meetings....... 28,670 1,434 0 27,236
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 193,123 88,456 50,934 53,733
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,158,075 541,804 70,799 545,472
25 Contributions, gifts, grants paid....... 4,368,238 4,368,238
26 Total expenses and disbursements. Add lines 24 and 25 5,526,313 541,804 70,799 4,913,710
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,773,677
b Net investment income (if negative, enter -0-) 7,740,235
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   -1 -1
2 Savings and temporary cash investments......... 6,224,061 8,231,099 8,231,099
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet9,886,505
Less: allowance for doubtful accounts bullet93,000 9,920,961 9,793,505 9,793,505
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 334 736 736
10a Investments—U.S. and state government obligations (attach schedule) 82,299 Click to see attachment146,979 146,979
b Investments—corporate stock (attach schedule)....... 89,173,242 Click to see attachment90,495,176 90,495,176
c Investments—corporate bonds (attach schedule)....... 200,382 Click to see attachment148,051 148,051
11 Investments—land, buildings, and equipment: basis bullet3,489,255
Less: accumulated depreciation (attach schedule) bullet778,591 3,072,924 Click to see attachment2,710,664 14,620,671
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,882,500 Click to see attachment3,948,500 3,948,500
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment3,974,532 Click to see attachment3,251,686 Click to see attachment3,251,686
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 116,531,235 118,726,395 130,636,402
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment37,272,241 Click to see attachment40,754,256
23 Total liabilities (add lines 17 through 22)......... 37,272,241 40,754,256
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted............... 79,258,994 77,972,139
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 79,258,994 77,972,139
31 Total liabilities and net assets/fund balances (see instructions). 116,531,235 118,726,395
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
79,258,994
2
Enter amount from Part I, line 27a .....................
2
2,773,677
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
82,032,671
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,060,532
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
77,972,139
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a CONGRESS-SECURITIES P   2019-06-30
b VANGUARD-SECURITIES P   2019-06-30
c JENSEN-SECURITIES P   2019-06-30
d 244 N. BROOKS, SHERIDAN, WY P   2019-06-21
e CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,357,379   5,185,275 2,172,104
b 1,499,980   1,340,842 159,138
c 2,573,180   1,863,533 709,647
d 480,000   296,460 183,540
e 3,501,571     3,501,571
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,172,104
b       159,138
c       709,647
d       183,540
e       3,501,571
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 6,726,000
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 7,653,854 103,098,752 0.074238
2016 6,678,479 98,391,348 0.067877
2015 6,677,456 97,180,264 0.068712
2014 6,853,413 100,038,741 0.068508
2013 6,843,950 96,307,074 0.071064
2
Total of line 1, column (d) .....................
2
0.350399
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.070080
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
101,682,497
5
Multiply line 4 by line 3......................
5
7,125,909
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
77,402
7
Add lines 5 and 6........................
7
7,203,311
8
Enter qualifying distributions from Part XII, line 4,.............
8
6,679,278
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 154,805
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 154,805
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 154,805
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 128,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 128,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 26,805
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
     
    No
    Website addressbulletWWW.WHITNEYBENEFITS.ORG
    14
    The books are in care ofbulletPATRICK HENDERSON Telephone no.bullet (307) 674-7303

    Located atbulletPO BOX 5085SHERIDANWY ZIP+4bullet82801
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    KIM LOVE DIRECTOR
    2.00     		0 0 0
    BOX 5086
    SHERIDAN,WY82801
    ROY GARBER PRESIDENT
    5.00     		0 0 0
    BOX 386
    BIG HORN,WY82833
    SAM SCOTT DIRECTOR
    2.00     		0 0 0
    PO BOX 401
    DAYTON,WY82836
    TOM BELUS VICE PRESIDENT
    5.00     		0 0 0
    4 SWAIM ROAD
    SHERIDAN,WY82801
    PETER SCHOONMAKER DIRECTOR
    2.00     		0 0 0
    1 EAST ALGER SUITE 206
    SHERIDAN,WY82801
    PATRICK HENDERSON EXECUTIVE DIRECTOR
    40.00     		142,366 16,773 0
    2034 SUMMIT DRIVE
    SHERIDAN,WY82801
    STEPHEN HOLST TREASURER
    2.00     		0 0 0
    1366 PIONEER ROAD
    SHERIDAN,WY82801
    ROBERT PRUSAK DIRECTOR
    2.00     		0 0 0
    1471 DUTCH CREEK ROAD 161
    CLEARMONT,WY82835
    BRANDI BILYEU DIRECTOR
    2.00     		0 0 0
    1033 COFFEEN AVE
    SHERIDAN,WY82801
    NADINE GALE DIRECTOR
    2.00     		0 0 0
    1235 N MAIN STREET
    SHERIDAN,WY82801
    EVERETT MCGLOTHLIN SECRETARY
    2.00     		0 0 0
    105 S BADGER
    SHERIDAN,WY82801
    DAVID KINSKEY DIRECTOR
    2.00     		0 0 0
    203 S MAIN ST STE 3300
    SHERIDAN,WY82801
    DOUG HOCKETT DIRECTOR
    2.00     		0 0 0
    135 N MAIN ST
    SHERIDAN,WY82801
    LYNIE PHIPPS DIRECTOR
    2.00     		0 0 0
    753 KING ST
    SHERIDAN,WY82801
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    CRAIG J ACHORD STAFF ACCOUNTANT
    40.00     		89,793 7,462 0
    96 CAVALRY RIDGE ROAD
    SHERIDAN,WY82801
    JANET C BARNES COORDINATOR
    40.00     		68,377 2,735 0
    39 JEWEL RD
    SHERIDAN,WY82801
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 STUDENT LOANS MADE FROM JULY 2018 - JUNE 2019 PER PROGRAM REQUIREMENTS 1,765,568
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet1,765,568
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    87,883,706
    b
    Average of monthly cash balances.......................
    1b
    7,254,518
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,092,737
    d
    Total (add lines 1a, b, and c).........................
    1d
    103,230,961
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    103,230,961
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,548,464
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    101,682,497
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,084,125
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    5,084,125
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    154,805
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    154,805
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,929,320
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,896,723
    5
    Add lines 3 and 4............................
    5
    6,826,043
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    6,826,043
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,913,710
    b
    Program-related investments—total from Part IX-B..................
    1b
    1,765,568
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,679,278
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    6,679,278
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 6,826,043
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017...... 82,890
    fTotal of lines 3a through e........ 82,890
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 6,679,278
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 6,679,278
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 82,890 82,890
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		63,875
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WHITNEY BENEFITS INC
    145 N CONNOR STREET SUITE 1
    SHERIDAN,WY82801
    (307) 674-7303
    STUDENTLOANS@WHITNEYBENEFITS.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    LOAN APPLICATIONS ARE AVAILABLE ONLINE AT WWW.WHITNEYBENEFITS.ORG.
    cAny submission deadlines:
    SOME DEADLINES APPLY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SOME RESTRICTIONS APPLY BASED ON RESIDENCY AND INCOME.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - AGRICULTURAL PLOT 16,723
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - FACULTY MACHINE TOOL 100,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - FACULTY GENERAL ARTS/VISUAL ARTS 50,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - CNA PROGRAM 100,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - MUSIC/MUSIC RECRUITING 170,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - MARKETING PROGRAM 140,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - RECRUITING PROGRAM 90,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - MENTORING PROGRAM 120,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - VISUAL ARTS, PERFORMING ARTS, AG BUILDING, GROUNDS 2,129,093
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - ARTS PROGRAMASSIST - CNA PROGRAM 80,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - EARLY CHILDHOOD 80,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - CODING COMPUTER PROGRAMMING 600,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - KWN BUILDINGASSIST - KWN BUILDING 480,000
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC STUDENT LOAN DISCOUNTS TO BALANCE OWED 11,323
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC PARK RESERVOIR WATER SHARES 2,548
    WHITNEY COMMONS
    326 ALGER STREET
    SHERIDAN,WY82801     		ASSET OF WHITNEY BENEFITS BE PC EQUIPMENT AND IMPROVEMENTS FOR WHITNEY COMMONS PUBLIC PARK 198,551
    Total .................................bullet 3a 4,368,238
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 138,468  
    4 Dividends and interest from securities....     14 1,379,272  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -17,564 3,271
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,726,000  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISC, INCOME     		    03 460  
    bSECURITY LITIGATION PROCEEDS     14 515  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 8,227,151 3,271
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,230,422
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    1 RESTITUTION AND GARNISHMENT FEES FOR PROPERTY DAMAGE
    2 PROCEED RECEIVED FROM SECURITY LITIGATION
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
    Yes
     
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    1c 0 EAW INC 501 (C)(2) SHARING OF OFFICE PERSONNEL AND MANAGEMENT.
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    EAW INC 501(C)(2) COMMON DIRECTORS/AUXILLARY OF REPORTING ORGANIZATION.
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    WHITNEY BENEFITS INC AND SUBSIDIARY
     
    Employer identification number

    83-0168511
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    WHITNEY BENEFITS INC AND SUBSIDIARY
          		Employer identification number
    83-0168511
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    POKEY GREGG TRUST
     
    PO BOX 5085
     
    SHERIDAN, WY82801

    		$ 15,126


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    WHITNEY BENEFITS INC AND SUBSIDIARY
          		Employer identification number

    83-0168511
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 ESTIMATED PV OF FUTURE BENEFIT $ 253,946 2019-06-30
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    WHITNEY BENEFITS INC AND SUBSIDIARY
          		Employer identification number

    83-0168511
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LENHART MASON & ASSOCIATES. LLC 24,200 24,200 0 0
    RUCKI, MARSHALL, NEWBROUGH, CPA'S, PC 4,429 4,429 0 0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    ADAMS RANCH-SPRINKLER SYSTEM 2005-05-30 65,633 65,633 SL 7.000000000000 0 0 0  
    ADAMS RANCH-ELEC UPGRADE-SPRINK SYS 2005-07-12 3,153 1,638 SL 25.000000000000 126 126 0  
    ADAMS RANCH-SPRINKLER SYSTEM 2007-11-29 95,597 95,597 SL 7.000000000000 0 0 0  
    ADAMS RANCH-SIDEROLL PIPELINE REPAIR 2008-08-18 6,293 6,293 SL 7.000000000000 0 0 0  
    ADAMS RANCH-SURVEY FOR FENCING 2010-09-10 1,434 1,434 SL 7.000000000000 0 0 0  
    ADAMS RANCH-FENCE LINE REPAIR 2010-11-10 4,700 4,700 SL 7.000000000000 0 0 0  
    ADAMS RANCH-PIVOR PAYMENT 2013-05-23 8,000 5,810 SL 7.000000000000 1,143 1,143 0  
    ADAMS RANCH-IMPROVEMENTS   55,535 55,535 SL 7.000000000000 0 0 0  
    ADAMS RANCH-WELL 1990-01-01 987 664 SL 15.000000000000 0 0 0  
    ADAMS RANCH-ELEC SERVICE 1990-06-01 1,550 956 SL 25.000000000000 0 0 0  
    ADAMS RANCH-IRRIGATION 1991-12-01 2,450 1,534 SL 15.000000000000 0 0 0  
    ADAMS RANCH-IRRIGATION SPRINKLER 1991-12-01 9,702 6,065 SL 15.000000000000 0 0 0  
    ADAMS RANCH-IMPROVEMENTS   1,100 1,100 SL 7.000000000000 0 0 0  
    ADAMS RANCH-LAND 1966-01-01 13,818   L   0 0 0  
    ADAMS RANCH-SHR HGHTS SKIRTING 2003-04-30 2,921 209 SL 7.000000000000 0 0 0  
    ADAMS RANCH-TRAILER ROOF 2001-12-19 2,300 460 SL 10.000000000000 0 0 0  
    ADAMS RANCH-2 SHEDS 2009-07-20 2,096 1,971 SL 7.000000000000 0 0 0  
    ADAMS RANCH-FENCE ON S LINE 2009-12-07 15,726 15,540 SL 7.000000000000 0 0 0  
    ADAMS RANCH-PIPE THE ADKINS DITCH 2010-04-27 2,986 1,691 SL 15.000000000000 199 199 0  
    ADAMS RANCH-ROAD BASE 2009-09-15 5,256   L   0 0 0  
    ADAMS RANCH-LAND SURVEY 2010-10-25 1,962 1,962 SL 7.000000000000 0 0 0  
    ADAMS RANCH-2ND DUMP SITE 2011-08-16 2,500 1,148 SL 15.000000000000 167 167 0  
    ADAMS RANCH-DUMP SITE 2011-10-05 847 371 SL 15.000000000000 56 56 0  
    ADAMS RANCH-2 SHARES PARK RES 2013-04-18 8,600   L   0 0 0  
    ADAMS RANCH-TRAIL SYSTEM 2007-08-31 2,480 1,788 SL 15.000000000000 165 165 0  
    ADAMS RANCH-WOODLAND PARK-ENGINEERING 2007-06-16 26,590 26,590 SL 7.000000000000 0 0 0  
    ADAMS RANCH-SURVEYING, ENGINEERING 2008-06-30 24,896 24,896 SL 7.000000000000 0 0 0  
    LEGAL & CONSULTING 2008-07-25 3,688   NC 0 % 0 0 0  
    CONSTRUCTION COSTS 2009-01-20 242,880   NC 0 % 0 0 0  
    LIGHTING 2008-11-10 96,960   NC 0 % 0 0 0  
    ADAMS RANCH-WOODLAND PARK-SUBDIVISION 2009-12-10 6,773   NC 0 % 0 0 0  
    ADAMS RANCH-LAND 2010-06-17 65,000   NC 0 % 0 0 0  
    ADAMS RANCH-ESCROW RELEASED 2010-07-13 7,500 4,000 SL 15.000000000000 500 500 0  
    ADAMS RANCH-WPLLC HYDRO/MULCH/SEED 2011-04-12 2,640   NC 0 % 0 0 0  
    145 N. CONNOR SUITE 1-1 WINDOW 2010-01-05 5,982 3,391 SL 15.000000000000 399 399 0  
    145 N. CONNOR SUITE 1-W PANEL FOR OFFICE 2010-02-11 950 536 SL 15.000000000000 63 63 0  
    145 N. CONNOR SUITE 1-TILE BATHROOM 2010-02-23 11,785 6,680 SL 15.000000000000 786 786 0  
    145 N. CONNOR SUITE 1-OFFICE BUILDING 2012-06-21 524,864 81,310 SL 39.000000000000 13,458 13,458 0  
    145 N. CONNOR SUITE 1-LAND 2012-06-21 55,294   L   0 0 0  
    244 N. BROOKS-BLDG 2009-06-30 201,710 58,680 SL 27.500000000000 7,335 7,335 0  
    244 N. BROOKS-LAND 2009-06-30 133,215 7,185 L   0 0 0  
    244 N. BROOKS-ELECTRICAL SYSTEM 2009-07-01 6,800 3,569 SL 15.000000000000 453 453 0  
    244 N. BROOKS-NEW ROOF 2013-09-30 10,115 1,748 SL 27.500000000000 368 368 0  
    244 N. BROOKS-ASPHALT PARKING LOT 2014-04-15 32,198 9,125 SL 15.000000000000 2,147 2,147 0  
    260 N. JEFFERSON-LAND 2009-07-31 113,081   L   0 0 0  
    260/300 N. JEFFERSON-VINYL 2013-10-10 6,450   L   0 0 0  
    260/300 N. JEFFERSON-LANDS 2014-01-13 27,941   L   0 0 0  
    260 N. JEFFERSON-LAND IMPROVE. 2014-05-21 20,779   L   0 0 0  
    300 N. JEFFERSON-LAND 2003-12-31 168,000   L   0 0 0  
    300 N. JEFFERSON-REPLACE PIPES- 2011-08-04 2,470   NC 27.500000000000 0 0 0  
    421 E. BRUNDAGE-LAND 2009-07-01 142,617   L   0 0 0  
    WB-BOARD TABLES 2003-03-04 13,060 2,612 SL 7.000000000000 0 0 0  
    WB-HP4200 2003-03-19 1,199 240 SL 7.000000000000 0 0 0  
    WB-1 FILE CABINET 2004-02-09 1,380 276 SL 7.000000000000 0 0 0  
    WB-DESK ASSISTANT 2004-04-26 1,225 245 SL 7.000000000000 0 0 0  
    WB-3 FIREPROOF FILE CABINETS 2005-02-16 4,140 828 SL 7.000000000000 0 0 0  
    WB-2 FILE CABINETS 2005-03-24 2,740 548 SL 7.000000000000 0 0 0  
    WB-DESK AND CREDENZA 2005-04-21 1,865 373 SL 7.000000000000 0 0 0  
    WB-MICROSOFT 2005-11-17 2,377 475 SL 3.000000000000 0 0 0  
    WB-FILE CABINETS 2006-05-15 1,400 280 SL 7.000000000000 0 0 0  
    50%-WB-MR WHITNEY 2007-02-05 12,500 2,812 SL 7.000000000000 0 0 0  
    50%-WB-FILE CABINETS 2007-07-05 1,575 383 SL 7.000000000000 0 0 0  
    50%-WB-BOARDROOM 2007-07-06 1,850 450 SL 7.000000000000 0 0 0  
    50%-WB-HP4250 2008-04-01 1,422 284 SL 5.000000000000 0 0 0  
    50%-WB-FILE CABINET CPA 2008-04-22 1,575 459 SL 7.000000000000 0 0 0  
    50%-WB-4 OFFICE CHAIRS 2010-02-15 2,042 787 SL 7.000000000000 0 0 0  
    50%-WB-11 SIDE CHAIRS 2010-02-15 4,489 1,732 SL 7.000000000000 0 0 0  
    50%-WB-VISUAL BOARD 2010-02-15 1,061 409 SL 7.000000000000 0 0 0  
    50%-WB-3 END TABLES 2010-02-15 1,335 514 SL 7.000000000000 0 0 0  
    50%-WB-DELUXE LECTERN 2010-02-15 2,616 1,010 SL 7.000000000000 0 0 0  
    50%-WB-MAGAZINE TABLE 2010-02-15 475 185 SL 7.000000000000 0 0 0  
    50%-WB-CONFERENCE ROOM 2010-02-15 986 379 SL 7.000000000000 0 0 0  
    50%-WB-6 MID-BACK 2010-02-15 2,921 1,127 SL 7.000000000000 0 0 0  
    50%-WB-DIRECTOR 2010-02-15 1,100 425 SL 7.000000000000 0 0 0  
    50%-WB-DIRECTOR DESK 2010-02-15 2,549 983 SL 7.000000000000 0 0 0  
    50%-WB-DIRECTOR OPEN 2010-02-15 359 139 SL 7.000000000000 0 0 0  
    50%-WB-DIRECTOR DOUBLE 2010-02-15 378 146 SL 7.000000000000 0 0 0  
    50%-WB-DIRECTOR OFFICE 2010-02-15 511 236 SL 7.000000000000 0 0 0  
    50%-WB-DIRECTOR TWO SIDED 2010-02-15 816 373 SL 7.000000000000 0 0 0  
    50%-WB-BOARDROOM TECH 2010-03-05 26,688 14,412 SL 5.000000000000 0 0 0  
    50%-WB-8 PHONES 2010-03-08 6,968 3,764 SL 5.000000000000 0 0 0  
    50%-WB-5 COMPUTERS 2010-03-08 3,295 1,779 SL 5.000000000000 0 0 0  
    50%-WB-4 WIDESCREEN 2010-03-08 800 432 SL 5.000000000000 0 0 0  
    50%-WB-8 ROLLER SHADES 2010-03-18 2,406 998 SL 7.000000000000 0 0 0  
    50%-WB-7 WOOD BLINDS 2010-03-18 1,386 536 SL 7.000000000000 0 0 0  
    50%-WB-BOARDROOM 2010-03-29 2,052 1,107 SL 5.000000000000 0 0 0  
    50%-WB-145 N CONNOR DEFIBRILLATOR 2010-09-08 1,904 980 SL 5.000000000000 0 0 0  
    50%-WB-3 NOTEBOOKS 2010-09-10 4,437 2,285 SL 5.000000000000 0 0 0  
    50%-WB-NEW SERVER 2011-02-28 5,009 2,479 SL 5.000000000000 0 0 0  
    50%-WB-FOUNDANT 2011-05-05 6,500 1,300 SL 2.000000000000 0 0 0  
    50%-WB-MARANTZ PORTABLE 2012-01-30 1,110 441 SL 7.000000000000 93 93 0  
    50%-WB-FORTIGATE 2012-03-02 1,230 488 SL 7.000000000000 117 117 0  
    50%-WB-5 LICENSES ADOBE 2012-04-04 2,245 1,291 SL 3.000000000000 0 0 0  
    50%-WB-SHARP DX-B350P 2012-10-04 995 454 SL 5.000000000000 0 0 0  
    50%-WB-UPGRADE WINDOWS 2013-04-17 2,455 1,595 SL 3.000000000000 0 0 0  
    50%-WB-2 YEAR SOFTWARE 2013-04-18 4,000 2,000 SL 2.000000000000 0 0 0  
    50%-WB-MARANTZ PMD671 2014-01-10 1,159 522 SL 5.000000000000 116 116 0  
    50%-WB-TABLES 2014-03-06 1,310 407 SL 7.000000000000 187 187 0  
    50%-WB-6 COMPUTERS, 2 TV'S 2014-05-01 12,269 5,113 SL 5.000000000000 2,045 2,045 0  
    244 N. BROOKS-NEW ROOF 2014-07-24 7,580 1,081 SL 27.500000000000 276 276 0  
    50%-WB-UPGRADE OFFICE PHONES 2014-08-12 1,287 505 SL 5.000000000000 257 257 0  
    50%-WB-CAMERA AND MIC FOR CONF ROOM 2014-10-08 1,094 547 SL 3.000000000000 0 0 0  
    50%-WB-STUDENT LOAN SOFTWARE 2015-02-10 6,500 3,249 SL 3.000000000000 0 0 0  
    50%-WB-SHARP OFFICE COPY MACHINE 2015-09-14 8,557 1,528 SL 7.000000000000 1,222 1,222 0  
    201 N. CONNOR BUILDING 2006-06-13 482,214 123,640 SL 39.000000000000 12,364 12,364 0  
    201 N. CONNOR BUILDING 2007-06-30 318,884 81,770 SL 39.000000000000 8,177 8,177 0  
    201 N. CONNOR BUILDING 2008-02-11 450 282 SL 39.000000000000 12 12 0  
    201 N. CONNOR ROOFTOP 2008-03-19 3,950 2,468 SL 39.000000000000 101 101 0  
    201 N. CONNOR AC UNIT 2008-06-04 3,949 2,468 SL 39.000000000000 101 101 0  
    201 N. CONNOR HVAC SERVER 2008-06-23 1,600 1,600 SL 7.000000000000 0 0 0  
    201 N. CONNOR ELECTRICAL 2008-06-30 1,476 980 SL 15.000000000000 98 98 0  
    201 N. CONNOR DOORS 2009-06-10 5,733 3,470 SL 15.000000000000 382 382 0  
    201 N. CONNOR TRASH 2009-06-12 15,954 9,665 SL 15.000000000000 1,064 1,064 0  
    201 N. CONNOR LAND 2008-02-29 16,170   L   0 0 0  
    201 N. CONNOR RANDALL 2008-06-30 455   L   0 0 0  
    201 N. CONNOR APPRAISAL 2009-01-19 3,500   L   0 0 0  
    50%-WB-COMPUTER SERVER 2018-02-19 3,324 111 SL 5.000000000000 665 665 0  
    117 N. SCOTT-BUILDING USED BY WC 2017-09-22 394,062 7,578 SL 39.000000000000 10,104 0 10,104  
    117 N. SCOTT-LAND USED BY WC 2017-09-22 181,063   L   0 0 0  
    50% WB-COMPUTERS 2019-05-08 2,250   200DB 5.000000000000 113 75 0  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 148,051 148,051

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS 90,495,176 90,495,176

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    US Government Securities - End of Year Book Value:

    146,979
    US Government Securities - End of Year Fair Market Value:

    146,979
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsLandSchedule2
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    ADAMS RANCH-SPRINKLER SYSTEM 65,633 65,633 0  
    ADAMS RANCH-ELEC UPGRADE-SPRINK SYS 3,153 1,764 1,389  
    ADAMS RANCH-SPRINKLER SYSTEM 95,597 95,597 0  
    ADAMS RANCH-SIDEROLL PIPELINE REPAIR 6,293 6,293 0  
    ADAMS RANCH-SURVEY FOR FENCING 1,434 1,434 0  
    ADAMS RANCH-FENCE LINE REPAIR 4,700 4,700 0  
    ADAMS RANCH-PIVOR PAYMENT 8,000 6,953 1,047  
    ADAMS RANCH-IMPROVEMENTS 55,535 55,535 0  
    ADAMS RANCH-WELL 987 664 323  
    ADAMS RANCH-ELEC SERVICE 1,550 956 594  
    ADAMS RANCH-IRRIGATION 2,450 1,534 916  
    ADAMS RANCH-IRRIGATION SPRINKLER 9,702 6,065 3,637  
    ADAMS RANCH-IMPROVEMENTS 1,100 1,100 0  
    ADAMS RANCH-LAND 13,818 0 13,818  
    ADAMS RANCH-SHR HGHTS SKIRTING 2,921 209 2,712  
    ADAMS RANCH-TRAILER ROOF 2,300 460 1,840  
    ADAMS RANCH-2 SHEDS 2,096 1,971 125  
    ADAMS RANCH-FENCE ON S LINE 15,726 15,540 186  
    ADAMS RANCH-PIPE THE ADKINS DITCH 2,986 1,890 1,096  
    ADAMS RANCH-ROAD BASE 5,256 0 5,256  
    ADAMS RANCH-LAND SURVEY 1,962 1,962 0  
    ADAMS RANCH-2ND DUMP SITE 2,500 1,315 1,185  
    ADAMS RANCH-DUMP SITE 847 427 420  
    ADAMS RANCH-2 SHARES PARK RES 8,600 0 8,600  
    ADAMS RANCH-TRAIL SYSTEM 2,480 1,953 527  
    ADAMS RANCH-WOODLAND PARK-ENGINEERING 26,590 26,590 0  
    ADAMS RANCH-SURVEYING, ENGINEERING 24,896 24,896 0  
    LEGAL & CONSULTING 3,688 0 3,688  
    CONSTRUCTION COSTS 242,880 0 242,880  
    LIGHTING 96,960 0 96,960  
    ADAMS RANCH-WOODLAND PARK-SUBDIVISION 6,773 0 6,773  
    ADAMS RANCH-LAND 65,000 0 65,000  
    ADAMS RANCH-ESCROW RELEASED 7,500 4,500 3,000  
    ADAMS RANCH-WPLLC HYDRO/MULCH/SEED 2,640 0 2,640  

    TY 2018 InvestmentsOtherSchedule2
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PAINTINGS FMV 3,948,500 3,948,500

    TY 2018 OtherAssetsSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    WHITNEY PROJECT 3,735,712 2,997,740 2,997,740
    BENEFICIAL INTEREST IN TRUST 238,820 253,946 253,946


    TY 2018 OtherDecreasesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Description Amount
    CHANGE IN NON-TAX ACCRUALS AND UNREALIZED GAINS 4,060,532


    TY 2018 OtherExpensesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 4,605 2,302 0 2,303
    BANK CHARGES 1,646 823 0 823
    CREDIT REPORTS 2,762 1,381 0 1,381
    DUES 1,888 944 0 944
    INSURANCE-GENERAL 28,631 10,670 0 17,961
    POSTAGE 2,934 1,467 0 1,467
    PRINTING AND SHREDDING 398 199 0 199
    SUPPLIES 9,054 2,883 0 6,171
    TECHNOLOGY EXPENSE 28,055 14,027 0 14,028
    TELEPHONE 7,878 3,939 0 3,939
    LOSS ON 990-T 50,934 0 50,934 0
    STUDENT LOAN BAD DEBT 2,590 0 0 2,590
    UNIFORMS 1,927 0 0 1,927
    COLLECTIONS 100 100 0 0
    INSURANCE 1,954 1,954   0
    PROFESSIONAL FEES 26,904 26,904   0
    WAGE REIMB. 16,425 16,425   0
    INSURANCE 2,178 2,178   0
    UTILITIES 2,180 2,180   0
    REPAIRS 80 80   0


    TY 2018 OtherIncomeSchedule2
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISC, INCOME 460   460
    SECURITY LITIGATION PROCEEDS 515 515 0


    TY 2018 OtherLiabilitiesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Description Beginning of Year - Book Value End of Year - Book Value
    CURRENT LIABILITIES 27,345 74,170
    CREDIT CARD PAYABLE 458 517
    ACCRUED COMPENSATED ABSENCES 27,534 29,380
    DISTRIBUTIONS PAYABLE 3,325,815 3,817,796
    LONG-TERM COMMITMENTS 33,861,089 36,832,293
    DEFERRED REVENUE 30,000 0
    RENTAL DEPOSITS PAYABLE 0 100


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES-FRONTIER ASSET 90,000 90,000 0 0
    ADVISORY FEES-CONGRESS 29,697 29,697 0 0
    ADVISORY FEES-FIDELITY 15 15 0 0
    CEFEX CENTRE FOR FIDUCIARY EXCELLENCE 7,000 7,000 0 0
    FARMER & BETTS, INC. 1,830 915 0 915
    SAMUEL WESTERN 850 425 0 425
    HOLTHOUSE 2,500 2,500 0 0
    ALPHA GRAPHICS 2,163 0 0 2,163
    PCS 1,153 577 0 576
    SHERIDAN INN 230 115 0 115
    SPENCER PORDEN 350 175 0 175
    CENTRAL PRODUCTS 530 265 0 265
    SHERIDAN COUNTY 36 18 0 18
    BABES FLOWERS 79 39 0 40
    MEADOWLARK GALLERY 1,500 1,500 0 0
    YONKEE AND TONER 17,663 8,832 0 8,831
    KADD 5,370 0 0 5,370
    TROPHY CASE 27 14 0 13
    CINCINNATI INSURANCE 6,137 6,137 0 0
    ARETE DESIGN GROUP 13,546 0 0 13,546


    TY 2018 TaxesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN:
    83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES-FOREIGN 558 558 0 0
    TAXES-GENERAL 402 201 0 201
    TAXES-PAYROLL 40,109 7,887 0 32,222