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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 07-01-2020 , and ending 06-30-2021
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$148,011,455J 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) 1
2 Check bullet.............
3 Interest on savings and temporary cash investments 186,818 186,818  
4 Dividends and interest from securities... 1,065,643 1,065,643  
5a Gross rents............ 13,768 13,768  
b Net rental income or (loss) 13,768
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 5,747,934
b Gross sales price for all assets on line 6a 19,996,686
7 Capital gain net income (from Part IV, line 2)... 5,712,163
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 1,051,004   1,051,004
12 Total. Add lines 1 through 11........ 8,065,168 6,978,392 1,051,004
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 160,831 80,416   80,415
14 Other employee salaries and wages...... 371,478 121,788   249,690
15 Pension plans, employee benefits....... 117,474 19,681   97,793
16a Legal fees (attach schedule)......... Click to see attachment 15,688 12,240   3,448
b Accounting fees (attach schedule)....... Click to see attachment 34,960 34,960    
c Other professional fees (attach schedule).... Click to see attachment 128,445 126,142   2,303
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 47,328 11,059   36,269
19 Depreciation (attach schedule) and depletion... Click to see attachment 32,097 21,432 10,665
20 Occupancy.............. 57,467 25,974   31,493
21 Travel, conferences, and meetings....... 24,519 16,059   8,460
22 Printing and publications.......... 769 769    
23 Other expenses (attach schedule)....... Click to see attachment 957,647 84,610 829,352 43,684
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,948,703 555,130 840,017 553,555
25 Contributions, gifts, grants paid....... 5,631,526 5,631,526
26 Total expenses and disbursements. Add lines 24 and 25 7,580,229 555,130 840,017 6,185,081
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 484,939
b Net investment income (if negative, enter -0-) 6,423,262
c Adjusted net income (if negative, enter -0-)... 210,987
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............. -1    
2 Savings and temporary cash investments......... 13,939,683 14,549,447 14,549,447
3 Accounts receivable bullet9,222,008
Less: allowance for doubtful accounts bullet110,000 9,634,170 9,112,008 9,112,008
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..........   203,428 203,428
10a Investments—U.S. and state government obligations (attach schedule) 75,360 Click to see attachment17,089 17,089
b Investments—corporate stock (attach schedule)....... 82,475,491 Click to see attachment101,113,796 101,113,796
c Investments—corporate bonds (attach schedule)....... 124,085 Click to see attachment101,217 101,217
11 Investments—land, buildings, and equipment: basis bullet1,038,408
Less: accumulated depreciation (attach schedule) bullet307,922 518,898 Click to see attachment730,486 13,015,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,948,500 Click to see attachment3,948,500 3,948,500
14 Land, buildings, and equipment: basis bullet1,689,167
Less: accumulated depreciation (attach schedule) bullet344,027 1,618,419 Click to see attachment1,345,140 2,252,022
15 Other assets (describe bullet) Click to see attachment3,239,926 Click to see attachment2,513,340 Click to see attachment3,698,948
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 115,574,531 133,634,451 148,011,455
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 attachment37,501,130 Click to see attachment33,697,901
23 Total liabilities (add lines 17 through 22)......... 37,501,130 33,697,901
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...........   110
25 Net assets with donor restrictions............ 78,073,401 99,936,440
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    
29 Total net assets or fund balances (see instructions)..... 78,073,401 99,936,550
30 Total liabilities and net assets/fund balances (see instructions). 115,574,531 133,634,451
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
78,073,401
2
Enter amount from Part I, line 27a .....................
2
484,939
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
21,378,210
4
Add lines 1, 2, and 3 ..........................
4
99,936,550
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
99,936,550
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 DODGE & COX STOCK P 2020-06-25 2020-11-05
b MICROSOFT CORP P 2017-11-14 2021-02-02
c ALGER SPECTRA CL Z P 2016-09-19 2021-02-24
d AQR MANAGED FUTURES FUND P 2016-02-12 2021-06-24
e THERMO FISHER SCNTFC P 2015-01-20 2021-02-02
PROGRESSIVE CO P 2017-05-10 2021-05-26
FIDELITY REAL ESTATE INDEX FND P 2014-05-20 2020-11-05
AMAZON P 2017-02-09 2020-11-20
CINTAS CORP P 2017-08-17 2020-09-10
GOVT NATL MTG ASSN POOL P 2006-06-15 2020-09-15
DOLLAR GENERAL P 2018-10-22 2020-11-20
TJX COMPANIES INC P 2010-05-20 2020-09-10
AQR MANAGED FUTURES FUND P 2019-12-23 2021-06-24
CME GROUP P 2016-07-19 2020-08-13
CANADIAN NATL RY CO P 2009-06-22 2021-05-26
AQR MANAGED FUTURES FUND P 2016-12-20 2021-06-24
CME GROUP P 2016-07-19 2020-08-13
OAKMARK GLOBAL SELECT FD INST P 2019-12-12 2020-11-05
US DOLLAR FX FOR JAPANESE YEN P 2015-06-16 2021-06-17
ADOBE INC P 2012-12-31 2020-11-24
STERLING CAPITAL EQUITY INC FD P 2017-08-14 2021-05-10
US DOLLAR FX FOR JAPANESE YEN P 2015-06-16 2021-12-09
PAYPAL HOLDINGS INC P 2016-03-22 2021-03-01
VANGUARD VALUE INDEX FD INSTL P 2016-10-27 2021-05-10
UNIFORM MBS POOL 885857 P 2006-08-25 2021-05-25
PAYPAL HOLDINGS GROUP P 2016-03-22 2020-08-11
ALGER SPECTRA CL Z P 2016-10-24 2021-02-24
UNIFORM MBS POOL 885857 P 2006-08-25 2021-06-25
ALGER SPECTRA CL Z P 2016-12-14 2021-06-24
ALGER SPECTRA CL Z P 2016-10-24 2021-06-24
VERIZON COMMUNICATIONS P 2020-03-25 2021-02-02
APPLE INC P 2012-06-29 2020-08-13
AQR MANAGED FUTURES FUND P 2020-12-22 2021-06-24
IDEXX LABS INC P 2020-03-17 2021-05-26
VERIZON COMMUNICATIONS P 2020-03-25 2021-02-02
S&P GLOBAL INC P 2019-08-13 2021-01-11
UNIFORM MBS POOL 885857 P 2006-08-25 2021-04-25
APPLE INC P 2012-06-26 2020-11-20
THERMO FISHER SCNTFC P 2015-12-01 2021-01-11
CROWN CASTLE INTL CO P 2016-06-16 2021-03-01
(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 3,429,483   3,825,129 -395,646
b 16,281   5,832 10,449
c 142,767   79,104 63,663
d 823,174   1,126,485 -303,311
e 15,213   4,141 11,072
136,755   56,901 79,854
1,741,250   1,747,933 -6,683
15,536   4,034 11,502
159,882   65,609 94,273
    5,625 -5,625
39,978   20,718 19,260
121,991   24,082 97,909
25,953   26,864 -911
50,419   30,196 20,223
122,973   24,908 98,065
216   254 -38
50,652   30,196 20,456
1,915,693   1,796,858 118,835
876   890 -14
23,243   1,882 21,361
1,999,983   1,477,914 522,069
742   746 -4
25,472   4,009 21,463
1,499,983   921,337 578,646
29     29
28,827   6,013 22,814
1,857,216   1,035,546 821,670
29     29
53,737   27,962 25,775
2,505,146   1,323,474 1,181,672
16,585   15,452 1,133
33,417   5,619 27,798
46,077   44,346 1,731
52,284   23,168 29,116
84,343   78,935 5,408
153,570   123,181 30,389
6,434     6,434
41,429   6,556 34,873
10,223   2,761 7,462
143,029   84,863 58,166
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       -395,646
b       10,449
c       63,663
d       -303,311
e       11,072
      79,854
      -6,683
      11,502
      94,273
      -5,625
      19,260
      97,909
      -911
      20,223
      98,065
      -38
      20,456
      118,835
      -14
      21,361
      522,069
      -4
      21,463
      578,646
      29
      22,814
      821,670
      29
      25,775
      1,181,672
      1,133
      27,798
      1,731
      29,116
      5,408
      30,389
      6,434
      34,873
      7,462
      58,166
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 5,712,163
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 -268,539
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 89,283
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 89,283
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 89,283
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 118,055
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.............. 7 118,055
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 28,772
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet28,772 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
     
    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)
    bullet
    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
     
    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 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
     
    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 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
    KIM LOVE DIRECTOR
    2.00     		0 0 0
    PO BOX 5086
    SHERIDAN,WY82801
    ROY GARBER PRESIDENT
    5.00     		0 0 0
    PO BOX 386
    BIG HORN,WY82833
    SAM SCOTT DIRECTOR
    2.00     		0 0 0
    PO BOX 401
    DAYTON,WY82836
    TOM BELUS VICE PRESIDE
    5.00     		0 0 0
    30 INDIAN PAINTBRUSH ROAD
    SHERIDAN,WY82801
    PATRICK HENDERSON EXECUTIVE DI
    40.00     		160,831 17,347 0
    2034 SUMMIT DRIVE
    SHERIDAN,WY82801
    STEPHEN HOLST TREASURER
    5.00     		0 0 0
    1366 PIONEER ROAD
    SHERIDAN,WY82801
    ROBERT PRUSAK DIRECTOR
    2.00     		0 0 0
    1471 DUTCH CREEK ROAD 161
    SHERIDAN,WY82801
    BRANDI BILYEU DIRECTOR
    2.00     		0 0 0
    1033 COFFEEN AVENUE
    SHERIDAN,WY82801
    NADINE GALE DIRECTOR
    2.00     		0 0 0
    1235 N MAIN STREET
    SHERIDAN,WY82801
    EVERETT MCGLOTHLIN SECRETARY
    5.00     		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
    CAMERON DUFF DIRECTOR
    2.00     		0 0 0
    918 HIGHLAND AVE UNIT A
    SHERIDAN,WY82801
    PAMELA PELDO DIRECTOR
    2.00     		0 0 0
    2266 PHEASANT DRAW RD
    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
    JANET BARNES COORDINATOR
    40.00     		70,466 8,680  
    39 JEWEL ROAD
    SHERIDAN,WY82801
    JENNIFER DESTEFANO STUDENT LOAN
    40.00     		61,209 7,401  
    1882 FAIRWAY LANE
    SHERIDAN,WY82801
    CRAIG ACHORD STAFF ACCOUN
    40.00     		61,825 6,253  
    96 CALVARY RIDGE ROAD
    SHERIDAN,WY82801
    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  
    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 2020 - JUNE 2021 PER PROGRAM REQUIREMENTS 1,427,449
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet1,427,449
    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
    94,537,875
    b
    Average of monthly cash balances.......................
    1b
    11,382,764
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,091,496
    d
    Total (add lines 1a, b, and c).........................
    1d
    114,012,135
    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
    114,012,135
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,710,182
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    112,301,953
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,615,098
    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
    5,615,098
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    89,283
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    89,283
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,525,815
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,938,451
    5
    Add lines 3 and 4............................
    5
    7,464,266
    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
    7,464,266
    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
    6,185,081
    b
    Program-related investments—total from Part IX-B..................
    1b
    1,427,449
    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
    7,612,530
    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
    7,612,530
    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 7,464,266
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 261,755
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,612,530
    a Applied to 2019, but not more than line 2a 261,755
    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..... 7,350,775
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		113,491
    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) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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:
    WHITNEY BENEFITS INC
    145 N CONNOR STREET SUITE 1
    SHERIDAN,WY82801
    (307) 674-7303
    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 (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
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - CENTENNIAL HOUSING 284,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - ALLIED HEALTH 1,140,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - AGRICULTURAL PROGRAM 225,000
    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 WELDING 100,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - FACULTY DIESEL TECHNOLOGY 100,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - FACULTY GENERAL ARTS/VISUAL 209,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - CNA PROGRAM 50,000
    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 - MARKTING PROGRAM 140,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - RECRUTING 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 ART 2,127,053
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - ARTS PROGRAM 100,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - CODING COMPUTER PROGRAM 300,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - ALLIED HEALTH 300,000
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC PARK RESRVOIR SHARES 2,278
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC FORGIVE AG LEASE PAYMENT 4,345
    WHITNEY COMMONS
    326 ALGER STREET
    SHERIDAN,WY82801     		ASSET OF ORG PC EQUIPMENT AND IMPROVEMENTS 46,631
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC STUDENT LOAN DISCOUNTS TO BALANCE 23,219
    Total .................................bullet 3a 5,631,526
    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
    aDEV/SALE - COMMERCIAL LOTS 531390 635,000      
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 186,818  
    4 Dividends and interest from securities....     14 1,065,643  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 13,768  
    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 5,712,163 35,771
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aBOOK SALES     		    3 140  
    bSHERIDAN AREA WATER SUPPLY     1 396,060  
    cOTHER INCOME     3 1,136  
    dREFUND FROM CITY OF SHERIDA     1 1,930  
    eCONTRACT LABOR INCOME     16 16,738  
    12 Subtotal. Add columns (b), (d), and (e).. 635,000 7,394,396 35,771
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,065,167
    (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
    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 1,486 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 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
    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
    2020
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    WHITNEY BENEFITS INC
    AND SUBSIDIARY         		Employer identification number
    83-0168511
    Part I
    Contributors
    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

    		$ 1


    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    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 $ 298,948 2021-06-30
    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    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) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 34,960 34,960    

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

    TY 2020 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
    SUITE 1-1 WINDOW 2010-01-05 5,982 4,189 S/L 15.0000 399 199 200  
    SUITE 1-W PANEL FOR OFFICE 2010-02-11 950 662 S/L 15.0000 63 31 32  
    SUITE 1-TILE BATHROOM 2010-02-23 11,785 8,252 S/L 15.0000 786 393 393  
    SUITE 1-OFFICE BUILDING 2012-06-21 524,864 108,226 S/L 39.0000 13,458 6,729 6,729  
    SUITE 1-LAND 2012-06-21 55,294              
    VINYL 2013-10-10 6,450              
    BOARD TABLES 2003-03-04 13,060 2,612 S/L 7.0000        
    1 FILE CABINET 2004-02-09 1,380 276 S/L 7.0000        
    DESK ASSISTANT 2004-04-26 1,225 245 S/L 7.0000        
    3 FIREPROOF FILE CABINETS 2005-02-16 4,140 828 S/L 7.0000        
    2 FILE CABINETS 2005-03-24 2,740 548 S/L 7.0000        
    DESK & CREDENZA 2005-04-21 1,865 373 S/L 7.0000        
    MICROSOFT 2005-11-17 2,377 475 S/L 3.0000        
    FILE CABINETS 2006-05-15 1,400 280 S/L 7.0000        
    50% MR WHITNEY 2007-02-05 12,500 3,708 S/L 7.0000 2,453 1,226 1,227  
    50% FILE CABINETS 2007-07-05 1,575 496 S/L 7.0000 292 146 146  
    50% BOARDROOM 2007-07-06 1,850 582 S/L 7.0000 343 172 171  
    50% FILE CABINET CPA 2008-04-22 1,575 571 S/L 7.0000 217 109 108  
    50% 4 OFFICE CHAIRS 2010-02-15 2,042 933 S/L 7.0000 88 44 44  
    50% 11 SIDE CHAIRS 2010-02-15 4,489 2,053 S/L 7.0000 192 96 96  
    50% VISUAL BOARD 2010-02-15 1,061 486 S/L 7.0000 45 22 23  
    50% 3 END TABLES 2010-02-15 1,335 609 S/L 7.0000 59 30 29  
    50% DELUXE LECTERN 2010-02-15 2,616 1,197 S/L 7.0000 111 55 56  
    50% MAGAZINE TABLE 2010-02-15 475 219 S/L 7.0000        
    50% CONFERENCE ROOM 2010-02-15 986 449 S/L 7.0000 44 22 22  
    50% 6 MID-BACK 2010-02-15 2,921 1,336 S/L 7.0000 125 63 62  
    50% DIRECTOR 2010-02-15 1,100 504 S/L 7.0000 46 23 23  
    50% DIRECTOR DESK 2010-02-15 2,549 1,165 S/L 7.0000 109 54 55  
    50% DIRECTOR OPEN 2010-02-15 359 165 S/L 7.0000        
    50% DIRECTOR DOUBLE 2010-02-15 378 173 S/L 7.0000        
    50% DIRECTOR OFFICE 2010-02-15 511 255 S/L 7.0000        
    50% DIRECTOR TWO SIDED 2010-02-15 816 408 S/L 7.0000        
    50% BOARDROOM TECH 2010-03-05 26,688 13,344 S/L 5.0000        
    50% 8 PHONES 2010-03-08 6,968 3,484 S/L 5.0000        
    50% 5 COMPUTERS 2010-03-08 3,295 1,648 S/L 5.0000        
    50% 4 WIDESCREEN 2010-03-08 800 400 S/L 5.0000        
    50% 8 ROLLER SHADES 2010-03-18 2,406 998 S/L 7.0000 205 103 102  
    50% 7 WOOD BLINDS 2010-03-18 1,386 635 S/L 7.0000 58 29 29  
    50% BOARDROOM 2010-03-29 2,052 1,026 S/L 5.0000        
    50% DEFIBRILLATOR 2010-09-08 1,904 952 S/L 5.0000        
    50% 3 NOTEBOOKS 2010-09-10 4,437 2,219 S/L 5.0000        
    50% NEW SERVER 2011-02-28 5,009 2,505 S/L 5.0000        
    50% FOUNDANT 2011-05-05 6,500 2,925 S/L 2.0000 325 162 163  
    50% MARANTZ PORTABLE 2012-01-30 1,110 555 S/L 7.0000        
    50% FORTIGATE 2012-03-02 1,230 615 S/L 7.0000        
    50% 5 LICENSE ADOBE 2012-04-04 2,245 1,123 S/L 3.0000        
    50% SHARP DX-B350P 2012-10-04 995 498 S/L 5.0000        
    50% UPGRADE WINDOWS 2013-04-17 2,455 1,228 S/L 3.0000        
    50% 2 YEAR SOFTWARE 2013-04-18 4,000 2,000 S/L 2.0000        
    50% MARANTZ PMD671 2014-01-10 1,159 580 S/L 5.0000        
    50% TABLES 2014-03-06 1,310 655 S/L 7.0000        
    50% OFFICE EQUIPMENT 2014-05-01 5,285 2,643 S/L 5.0000        
    50% UPGRADE OFFICE PHONES 2014-08-12 1,287 644 S/L 5.0000        
    50% CAMERA & MIC-CONF ROOM 2014-10-08 1,094 547 S/L 3.0000        
    50% STUDENT LOAN SOFTWARE 2015-02-10 6,500 3,250 S/L 3.0000        
    50% SHARP OFFICE COPY MACHINE 2015-09-14 8,557 3,361 S/L 7.0000 611 306 305  
    50% COMPUTER SERVER 2018-02-19 3,324 1,441 S/L 5.0000 332 166 166  
    50% COMPUTERS 2019-05-08 2,250 968 S/L 5.0000 225 112 113  
    50% 4HP PRODESK COMPUTERS 2019-07-23 2,171 217 S/L 5.0000 217 108 109  
    50% SPEAKER SYSTEM 2019-11-12 2,700 270 S/L 5.0000 270 135 135  
    117 N SCOTT 2017-09-22 394,063 27,786 S/L 39.0000 10,104 10,104    
    117 N SCOTT LAND 2017-09-22 181,062              
    50% - EBIA SOUNDS SYSTEM IN BOARD ROOM 2020-10-21 5,343   S/L 7.0000 254 127 127  
    PROJECT ACCOUNT - PLAZA PARKING LOT STRIPER 2010-06-07 3,855 3,855 150DB 15.0000        
    LAND 2003-12-31 168,000              
    REPLACE PIPES 2011-08-04 2,470              
    LAND 2009-07-01 142,617              
    SEWER & WATER TAP 2020-04-02 9,990 125 S/L 15.0000 666 666    
    321 E. BRUNDAGE 2010-06-30 188,211   S/L 39.0000        

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    321 E. BRUNDAGE 2010-06 PURCHASE 2021-02   225,000 188,211   1,018 35,771  

    TY 2020 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 101,217 101,217

    TY 2020 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 101,113,796 101,113,796

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    US Government Securities - End of Year Book Value:

    17,089
    US Government Securities - End of Year Fair Market Value:

    17,089
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2020 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
      1,038,408 307,922 730,486 13,015,000

    TY 2020 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   3,948,500 3,948,500

    TY 2020 LandEtcSchedule2
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      1,132,204 344,027 788,177 2,252,022


    TY 2020 LegalFeesSchedule
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    YONKEE AND TONER 15,688 12,240   3,448


    TY 2020 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 2,997,740 2,214,392 3,400,000
    BENEFICIAL INTEREST IN TRUST 242,186 298,948 298,948


    TY 2020 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
    DEV/SALE - COMMERCIAL LOTS        
    COST OF GOODS SOLD 786,309   786,309  
    EXPENSES        
    ADVERTISING 3,835 1,918   1,917
    BAD DEBT EXPENSE 23,000 11,500   11,500
    BANK SERVICE CHARGES 3,300 1,650   1,650
    COLLECTIONS 7,775 3,888   3,887
    CREDIT REPORTS 3,122 1,561   1,561
    DUES & SUBSCRIPTIONS 754 377   377
    INSURANCE 32,851 32,851    
    POSTAGE 5,184 2,592   2,592
    SUPPLIES 9,378 3,755   5,623
    TECHNOLOGY EXPENSE 11,791 5,657   6,134
    TELEPHONE 7,906 2,939   4,967
    UNIFORMS 1,410     1,410
    MISCELLANEOUS 1      
    WAGE REIMB. 14,709 14,709    
    EXPENSES 990-T 43,043   43,043  
    UTILITIES 2,066     2,066
    INVESTMENT DEPRECIATION 1,213 1,213    


    TY 2020 OtherIncomeSchedule2
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    DEV/SALE - COMMERCIAL LOTS 635,000   635,000
    BOOK SALES 140   140
    SHERIDAN AREA WATER SUPPLY 396,060   396,060
    OTHER INCOME 1,136   1,136
    REFUND FROM CITY OF SHERIDAN 1,930   1,930
    CONTRACT LABOR INCOME 16,738   16,738


    TY 2020 OtherIncreasesSchedule
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Description Amount
    CHANGE IN NON-TAX ACCRUALS AND UNREALIZED GAIN 21,378,210


    TY 2020 OtherLiabilitiesSchedule
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Description Beginning of Year - Book Value End of Year - Book Value
    CURRENT LIABILITIES 30,060 87,045
    CREDIT CARD PAYABLE 1,475 2,238
    ACCRUED COMPENSATED ABSENCES 37,302 32,378
    DISTRIBUTIONS PAYABLE 4,426,053 4,426,290
    LONG-TERM COMMITMENTS 33,006,240 29,149,950


    TY 2020 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    
    ADVISORY FEES-CONGRESS 27,152 27,152    
    FARMER & BETTS INC 2,945 1,472   1,473
    SHERIDAN PRESS 1,107 1,107    
    CARTER-ISAKSON 2,250 2,250    
    CENTRAL PRODUCTS 552 276   276
    BLACKBAUD 1,109 555   554
    RANDAL ENGINEERING 660 660    
    JANET BARNES - NOTARY 3 3    
    SHERIDAN COMPUTER 1,940 1,940    
    SHERIDAN COUNTY CLERK 59 59    
    WINSOR FIREFORM LLC 668 668    


    TY 2020 TaxesSchedule
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES - FOREIGN 518 518    
    TAXES - GENERAL 678 339   339
    PAYROLL TAXES 46,132 10,202   35,930