Form990-PF
Click to see attachment

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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
WB SMALL TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1034
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CEDAR FALLS, IA50613
A Employer identification number

42-6161925
B Telephone number (see instructions)

(319) 277-8000
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$2,212,990J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 39,840 39,840  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,377
b Gross sales price for all assets on line 6a 684,747
7 Capital gain net income (from Part IV, line 2)... 8,377
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 33 33  
12 Total. Add lines 1 through 11........ 48,250 48,250  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 945     945
b Accounting fees (attach schedule)....... Click to see attachment 3,680     3,680
c Other professional fees (attach schedule).... Click to see attachment 16,119 16,119    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 859 141    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,950 1   4,949
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,553 16,261   9,574
25 Contributions, gifts, grants paid....... 93,250 93,250
26 Total expenses and disbursements. Add lines 24 and 25 119,803 16,261   102,824
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -71,553
b Net investment income (if negative, enter -0-) 31,989
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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.............      
2 Savings and temporary cash investments......... 53,819 105,718 105,718
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,847,574 Click to see attachment1,724,122 2,107,272
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,901,393 1,829,840 2,212,990
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)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,901,393 1,829,840
29 Total net assets or fund balances (see instructions)..... 1,901,393 1,829,840
30 Total liabilities and net assets/fund balances (see instructions). 1,901,393 1,829,840
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,901,393
2
Enter amount from Part I, line 27a .....................
2
-71,553
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,829,840
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,829,840
Form 990-PF (2020)
Form 990-PF (2020)
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 21 SHS AMERN EXPRESS CO P 2019-09-20 2020-04-14
b 19.56 SHS WF SPL SMCP VAL P 2019-12-11 2020-07-22
c 149 SHS ISHS 1-3 YRS TRS P 2020-10-07 2020-11-05
d 18 SHS CARRIER GLOBAL CORP P 2019-09-20 2020-04-16
e 3,149.458 SHS BLACKSTN ALT MULT STR P 2017-08-18 2020-07-07
14 SHS MICROSOFT CORP P 2014-03-13 2020-06-11
35 SHS EXXON MOBIL CORP P 2019-09-20 2020-03-12
1,408.514 SHS FMI INTL P 2018-12-17 2020-05-05
68 SHS NIKE INC P 2020-03-19 2020-10-28
9 SHS OTIS WORLDWIDE CORP P 2019-09-20 2020-04-16
10,106.413 SHS FID ADVS RL EST INC P 2019-06-10 2020-07-27
5.708 SHS VIATRIS INC P 2020-06-12 2020-12-17
0.15 SHS COMMERCE BANCSHARES INC P 2019-09-20 2020-12-30
1,932.752 SHS FIRST EAGLE GLB P 2018-12-13 2020-05-05
41 SHS ESSENTIAL UTILITIES INC P 2018-11-29 2020-05-08
6 SHS MICROSOFT CORP P 2016-06-27 2020-07-24
409.062 SHS HRTFRD MDCP P 2017-02-14 2020-01-07
37 SHS ESSENTIAL UTILITIES INC P 2018-11-29 2020-05-11
115.637 SHS BLACKSTN ALT MULT STR P 2019-12-19 2020-07-07
1,182.766 SHS HRTFRD MDCP P 2018-12-18 2020-05-05
30 SHS ESSENTIAL UTILITIES INC P 2018-11-29 2020-05-12
51.989 FMI INTL P 2019-12-16 2020-05-05
4,656.907 SHS LORD ABB S/DUR INC P 2015-10-20 2020-03-11
107 SHS GENERAL MILLS INC P 2018-11-29 2020-01-03
536.091 SHS FID ADVS RL EST INC P 2019-12-23 2020-07-27
139.256 SHS LORD ABB S/DUR INC P 2015-10-20 2020-03-11
14 SHS MICROSOFT CORP P 2018-11-29 2020-06-11
111.438 SHS FIRST EAGLE GLB P 2019-12-19 2020-05-05
21,713.648 SHS LORD ABB S/DUR INC P 2019-07-01 2020-07-20
87 SHS QUALCOMM INC P 2018-11-29 2020-03-19
83.874 SHS HRTFRD MDCP I P 2019-12-11 2020-05-05
146.284 SHS T ROWE INTL DSCV INVS P 2017-02-14 2020-01-07
0.705 SHS RAYTHEON TECHS CORP P 2018-11-29 2020-04-03
724.819 SHS LORD ABB S/DUR INC P 2019-08-01 2020-07-20
1,500 SHS SCHWAB S/T US TRSY ETF P 2019-01-22 2020-03-25
67 SHS SYSCO CORP P 2018-11-29 2020-03-13
76 SHS SCHWAB US LGCP P 2020-03-11 2020-07-22
327.761 SHS VNGRD DIV GRW INVS P 2015-02-02 2020-01-07
37 SHS UNITED TECHNOLOGIES CORP P 2018-11-29 2020-03-10
90 SHS VNGRD DIV APPREC P 2020-03-11 2020-08-17
242.66 SHS VIRTUS KAR SMCP GRW P 2017-02-14 2020-01-07
0.116 SHS VIATRIS INC P 2018-11-29 2020-11-20
34 SHS VNGRD MID CAP P 2020-03-11 2020-08-17
965.251 SHS WF SPL SMCP VAL P 2019-01-22 2020-07-22
12.292 SHS VIATRIS INC P 2018-11-29 2020-12-17
(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 1,865   2,472 -607
b 563   698 -135
c 12,870   12,876 -6
d 226   463 -237
e 31,054   34,260 -3,206
2,635   536 2,099
1,358   2,529 -1,171
33,959   44,445 -10,486
8,335   4,807 3,528
401   647 -246
110,160   116,350 -6,190
101   80 21
10   8 2
98,203   105,695 -7,492
1,631   1,394 237
1,210   291 919
13,000   11,274 1,726
1,476   1,258 218
1,140   1,233 -93
32,609   32,400 209
1,184   1,020 164
1,253   1,671 -418
19,419   20,397 -978
5,567   4,504 1,063
5,844   6,540 -696
581   581  
2,635   1,530 1,105
5,662   6,432 -770
90,112   94,649 -4,537
5,643   5,051 592
2,313   2,591 -278
10,000   8,268 1,732
35   52 -17
3,008   3,032 -24
77,443   74,816 2,627
3,066   4,490 -1,424
5,953   4,963 990
10,000   7,456 2,544
4,331   4,452 -121
11,576   9,804 1,772
10,000   5,200 4,800
2   2  
6,076   4,920 1,156
27,789   30,000 -2,211
217   233 -16
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       -607
b       -135
c       -6
d       -237
e       -3,206
      2,099
      -1,171
      -10,486
      3,528
      -246
      -6,190
      21
      2
      -7,492
      237
      919
      1,726
      218
      -93
      209
      164
      -418
      -978
      1,063
      -696
       
      1,105
      -770
      -4,537
      592
      -278
      1,732
      -17
      -24
      2,627
      -1,424
      990
      2,544
      -121
      1,772
      4,800
       
      1,156
      -2,211
      -16
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 8,377
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 2,786
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 445
c All other domestic foundations enter 1.39% 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  
3 Add lines 1 and 2........................... 3 445
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 445
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,600
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,155
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,155 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 the instructions
for the 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
    Yes
     
    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)
    bulletIA
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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
    Yes
     
    Website addressbulletWWW.WBSMALLTRUST.COM
    14
    The books are in care ofbulletDEANNA BRASCH Telephone no.bullet (319) 277-8000

    Located atbullet4501 PRARIE PARKWAYCEDAR FALLSIA ZIP+4bullet50613
    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 2020, 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 2020?.............
    1c
     
     
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    ROBERT L SMITH JR TRUSTEE
    2.00     		0 0 0
    4501 PRARIE PARKWAY
    CEDAR FALLS,IA50613
    REVEREND CATHY F YOUNG TRUSTEE
    2.00     		0 0 0
    4501 PRARIE PARKWAY
    CEDAR FALLS,IA50613
    LORI JOHNSON TRUSTEE
    2.00     		0 0 0
    4501 PRARIE PARKWAY
    CEDAR FALLS,IA50613
    JOHN LOCKE TRUSTEE
    2.00     		0 0 0
    4501 PRARIE PARKWAY
    CEDAR FALLS,IA50613
    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
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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.............bullet  
    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 THE W.B. SMALL TRUST PROVIDES SCHOLARSHIP GRANTS ON AN OBJECTIVE, NON-DISCRIMINATORY BASIS, WITHOUT REGARD TO AGE, GENDER, RACE OR DISABILITY TO ASSIST YOUNG MEN AND WOMEN TO OBTAIN HIGHER EDUCATION IN CHRISTIAN COLLEGES AND UNIVERSITIES. THE TRUST'S GRANT MAKING PROCEDURES WERE APPROVED BY IRS IN AN EXEMPTION LETTER DATED MAY 22, 2009. 93,250
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    1,954,794
    b
    Average of monthly cash balances.......................
    1b
    78,711
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,033,505
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,033,505
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    30,503
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,003,002
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    100,150
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    100,150
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    445
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    445
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    99,705
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    99,705
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    99,705
    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
    102,824
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    102,824
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    102,824
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 99,705
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 2,167
    b From 2016...... 2,978
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 5,145
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 102,824
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 99,705
    e Remaining amount distributed out of corpus 3,119
    5 Excess distributions carryover applied to 2020.    
    (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 8,264
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		2,167
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		6,097
    10 Analysis of line 9:
    a Excess from 2016.... 2,978
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 3,119
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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:
    BOARD OF TRUSTEES WB SMALL TRUST
    PO BOX 1034
    CEDAR FALLS,IA50613
    (319) 277-8000
    WBSMALLTRUST@GMAIL.COM
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHED COPY OF APPLICATION FORM.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE GRANT-MAKING PROCEDURES OF THE W.B. SMALL TRUST APPROVED BY IRS DO NOT CONTAIN RESTRICTIONS OR LIMITATIONS ON AWARDS. HOWEVER, THE TRUSTEES GENERALLY LIMIT GRANTS TO 1,250 PER SEMESTER PER APPLICANT.
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    SCHEDULED
    SCHEDULED
    SCHEDULED,IA52002     		NONE N/A SEE ATTACHED STATEMENT. 93,250
    Total .................................bullet 3a 93,250
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ...........     		         
    4 Dividends and interest from securities....     14 39,840  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 33  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 8,377  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   48,250  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    48,250
    (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.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
     
    No
    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
    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
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    WB SMALL TRUST
    EIN:
    42-6161925
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 3,680     3,680

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    WB SMALL TRUST
    EIN:
    42-6161925
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 6,010 5,593
    3M COMPANY 2,524 2,622
    ACCENTURE PLC IRELAND 5,000 8,098
    ACCENTURE PLC IRELAND 2,525 3,396
    AIR PRODUCTS & CHEMICALS INC 2,435 3,005
    ALPHABET INC 10,838 17,526
    AMDOCS LTD 9,633 9,505
    AMERICAN EXPRESS CO    
    AMERICAN WATER WORKS COMPANY INC NEW 2,573 3,223
    AMERICAN WATER WORKS COMPANY INC NEW 4,945 15,194
    AMGEN INC 7,834 11,956
    ANALOG DEVICES INC 2,551 3,250
    AQUA AMERICA INC    
    AUTOMATIC DATA PROCESSING 4,395 5,286
    BAXTER INTL INC 2,248 2,648
    BECTON DICKINSON 4,495 4,504
    BECTION DICKINSON 2,557 2,502
    BLACKROCK SYSTEMATIC MULTI STRATEGY 80,595 78,465
    BLACKSTONE ALT MULTI STRATEGY    
    BROWN & BROWN INC 2,509 3,271
    CANADIAN NATIONAL RAILWAY 11,200 14,390
    CHEVRON CORP 2,488 1,689
    CHUBB LTD 4,432 5,079
    CHUBB LTD 2,531 2,463
    CHURCH & DWIGHT CO 5,307 6,978
    CISCO SYSTEMS INC 8,863 17,184
    CLEARBRIDGE SMALL CAP 31,034 33,896
    CLOROX COMPANY 2,593 3,433
    CLOROX COMPANY 5,210 6,260
    COCA-COLA CO 4,481 4,990
    COGNIZANT TECHNOLOGY SOLUTIONS 11,103 19,176
    COLGATE-PALMOLIVE COMPANY 2,561 3,078
    COMMERCE BANCSHARES INC 2,500 2,957
    COSTCO WHOLESALE CO 4,587 7,536
    CULLEN FROST BANKERS INC 2,571 2,530
    DODGE & COX INCOME FUND 93,795 99,482
    DONALDSON CO INC 2,523 2,682
    DOUBLELINE TOTAL RETURN BOND FUND 78,963 77,209
    EBAY INC 2,244 4,874
    ECOLAB INC 4,888 5,625
    EMERSON ELECTRIC CO 4,455 5,304
    EUROPACIFIC GROWTH FUND 31,545 45,724
    EXPEDITORS INTL WASH INC 2,532 3,234
    EXXON MOBIL CORP    
    FIDELITY ADVISOR REAL ESTATE INCOME    
    FIDELITY ADVISOR STRATEGIC INCOME FD 79,669 82,152
    FIDELITY NATIONAL INFORMATION SERV 2,527 2,688
    FIRST EAGLE GLOBAL FUND    
    FMI INT'L INSTL    
    GENERAL DYNAMICS CORP 2,441 1,935
    GENERAL DYNAMICS CORP 4,100 3,274
    GENERAL MILLS INC    
    GENUINE PARTS CO 2,982 2,912
    GRACO INC 2,543 3,979
    HARTFORD MID CAP    
    HENRY SCHEIN INC 9,024 11,032
    HERSHEY COMPANY 8,029 13,405
    HOME DEPOT INC 2,522 2,922
    HOME DEPOT INC 3,836 5,578
    HONEYWELL INTL INC 7,009 15,740
    HORMEL FOODS CORP 9,402 12,631
    ILLINOIS TOOL WORKS INC 4,489 6,728
    ILLINOIS TOOL WORKS INC 2,502 3,262
    INTEL CORP 15,710 15,594
    ISHARES 1-3 YR TREASURY BOND ETF 3,543 3,542
    JACK HENRY & ASSOCIATES INC 7,050 7,290
    JB HUNT TRANSPORT SERVICES INC 11,032 15,851
    JOHNSON & JOHNSON 4,535 4,879
    JPMORGAN HEDGED EQUITY 25,753 32,183
    LABORATORY CORP OF AMER 10,600 11,399
    LINDE PLC 5,297 8,959
    LINDE PLC 2,533 3,425
    LITMAN GREGORY MASTER ALTERNATIVE 62,756 64,918
    LOCKHEED MARTIN CORP 2,358 2,130
    LORD ABBETT SHORT DURATION INCOME FD    
    M&T BANK CORP 2,521 2,037
    MASTERCARD INC 2,470 3,212
    MCCORMICK & CO 10,427 19,694
    MCDONALDS CORP 2,526 2,575
    MEDTRONIC PLC 4,524 5,505
    MEDTRONIC PLC 2,557 2,694
    MERCK & CO 4,509 4,744
    MICROSOFT CORP 630 2,891
    MICROSOFT CORP 2,606 15,125
    MICROSOFT CORP 2,841 5,783
    MFS MID CAP GROWTH 18,198 25,610
    NESTLE S A SPON ADR 2,572 2,827
    NEW JERSEY RESOURCES CORP 2,512 1,991
    NEW PERSPECTIVE 70,168 94,932
    NEW WORLD 30,405 44,775
    NEXTERA ENERGY INC 8,091 24,379
    NIKE INC 2,541 4,103
    NORDSON CORP 2,463 3,416
    NORTHERN TRUST CORP 2,574 2,515
    NOVARTIS AG SPON ADR 2,521 2,738
    ORACLE CORP 6,913 12,615
    ORACLE CORP 2,280 2,717
    PAYCHEX INC 2,487 2,795
    PEPSICO CORP 9,289 16,906
    PEPSICO CORP 3,792 4,746
    PEPSICO CORP 2,565 2,818
    PFIZER INC 5,735 5,374
    PIMCO INCOME 111,754 114,606
    POLARIS INC 2,512 2,668
    PPG INDUSTRIES INC 2,522 3,029
    PRICE T ROWE GROUP INC 2,549 3,331
    PRINCIPAL MID CAP 18,268 25,055
    PROCTER & GAMBLE CO 4,460 6,679
    PROCTER & GAMBLE CO 2,569 2,922
    QUALCOMM INC    
    RAYTHEON CO    
    RAYTHEON TECHNOLOGIES CORP 2,217 2,217
    RAYTHEON TECHNOLOGIES CORP 4,449 4,291
    ROCKWELL AUTOMATION INC 1,971 3,261
    SCHWAB CHARLES CORP NEW 2,550 3,129
    SCHWAB SHORT TERM US TREASURY ETF    
    SEI INVESTMENTS CO 2,509 2,414
    SMUCKER JM COMPANY NEW 7,689 8,901
    SMUCKER JM COMPANY NEW 4,823 5,433
    SNAP ON INC 2,576 2,567
    SNAP ON INC 5,530 8,728
    SOUTHERN COMPANY 2,499 2,518
    STANLEY BLACK & DECKER 4,903 6,964
    STARBUCKS CORP 4,921 7,917
    STARBUCKS CORP 2,548 2,995
    STRYKER CORP 2,433 2,695
    SYSCO CORP    
    T ROWE PRICE CAP APRC FUND 172,227 204,086
    T ROWE PRICE INTL DISCOVERY 23,959 35,846
    TJX COMPANIES INC NEW 7,518 16,663
    TJX COMPANIES INC NEW 2,515 3,073
    UNION PACIFIC CORP 3,155 4,373
    UNITED HEALTH GROUP 4,530 5,611
    UNITED TECHNOLOGIES CORP    
    UNITED TECHNOLOGIES CORP    
    VANGUARD DIVIDEND GROWTH FUND 68,429 95,652
    VANGUARD SHORT TERM BOND INDEX 125,914 126,006
    VANGUARD TREASURY MM    
    VANGUARD TREASURY MM    
    VANGUARD ULTRA SHORT TERM BOND INDEX 50,278 50,278
    VIRTUS KAR SMALL CAP 25,917 43,200
    VISA INC 4,457 6,343
    WAL-MART INC 3,697 5,478
    WAL-MART INC 9,415 17,730
    WALT DISNEY CO 12,497 16,487
    WASTE MANAGEMENT INC 5,749 5,661
    WELLS FARGO SPECIAL SMALL CAP VALUE 28,581 34,723

    TY 2020 LegalFeesSchedule
    Name:
    WB SMALL TRUST
    EIN:
    42-6161925
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 945     945


    TY 2020 OtherExpensesSchedule
    Name:
    WB SMALL TRUST
    EIN:
    42-6161925
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OFFICE EXPENSE 147     147
    INSURANCE 577     577
    WEBSITE 200     200
    COURT COSTS 25     25
    CONTRACT LABOR 4,000     4,000
    INVESTMENT EXPENSE 1 1    


    TY 2020 OtherIncomeSchedule2
    Name:
    WB SMALL TRUST
    EIN:
    42-6161925
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 33 33  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    WB SMALL TRUST
    EIN:
    42-6161925
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT OTHER PROFESSIONAL FEES 16,119 16,119    


    TY 2020 TaxesSchedule
    Name:
    WB SMALL TRUST
    EIN:
    42-6161925
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 141 141    
    20 990-PF ESTIMATES 718