Form990-PF
Click to see attachment
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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
Name of foundation
THE WELLER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)BOX 636
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATKINSON, NE68713
A Employer identification number

47-0611350
B Telephone number (see instructions)

(402) 925-2803
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$11,067,050J 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...      
5a Gross rents............ 386,385 386,385  
b Net rental income or (loss) 268,913
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 386,385 386,385  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 35,268 3,527   31,741
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,400 240   2,160
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 77,445 75,017   2,428
19 Depreciation (attach schedule) and depletion... Click to see attachment 10,922 8,921  
20 Occupancy.............. 3,860 386   3,474
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 41,435 34,049   5,629
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 171,330 122,140   45,432
25 Contributions, gifts, grants paid....... 109,600 109,600
26 Total expenses and disbursements. Add lines 24 and 25 280,930 122,140   155,032
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 105,455
b Net investment income (if negative, enter -0-) 264,245
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 522,399 640,926 640,926
2 Savings and temporary cash investments.........      
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet1,869,207
Less: accumulated depreciation (attach schedule) bullet316,766 1,561,744 Click to see attachment1,552,441 10,396,037
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet64,792
Less: accumulated depreciation (attach schedule) bullet36,324 30,087 Click to see attachment28,468 30,087
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,114,230 2,221,835 11,067,050
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 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........... 2,114,230 2,221,835
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    
29 Total net assets or fund balances (see instructions)..... 2,114,230 2,221,835
30 Total liabilities and net assets/fund balances (see instructions). 2,114,230 2,221,835
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
2,114,230
2
Enter amount from Part I, line 27a .....................
2
105,455
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,150
4
Add lines 1, 2, and 3 ..........................
4
2,221,835
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,221,835
Form 990-PF (2021)
Form 990-PF (2021)
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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  
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,673
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,673
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,673
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNE
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 addressbulletwellerfoundation.org
    14
    The books are in care ofbulletE CLARK GOTSCHALL Telephone no.bullet (402) 925-2803

    Located atbulletBOX 636ATKINSONNE ZIP+4bullet68713
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
    Yes
     
    If "Yes," list the years bullet2020, 2019, 2018, 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
    Yes
     
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    CLARK GOTSCHALL SECRETARY TREASURER
    1.00     		0 0 0
    86501 468TH AVE
    ATKINSON,NE68713
    DR ROBERT RANDALL DIRECTOR
    1.00     		0 0 0
    87399 479TH AVE
    ATKINSON,NE68713
    SHIRLEY ROSSMAN DIRECTOR
    1.00     		0 0 0
    PO BOX 549
    ATKINSON,NE68713
    BRYAN RENTSCHLER PRESIDENT
    1.00     		0 0 0
    47691 833RD ROAD
    ATKINSON,NE68713
    BARB SHANE VICE PRESIDENT
    1.00     		0 0 0
    88055 STATE HWY 11
    ATKINSON,NE68713
    KYLE ASHER DIRECTOR
    1.00     		0 0 0
    BOX 382
    ATKINSON,NE68713
    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 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    581,662
    c
    Fair market value of all other assets (see instructions)................
    1c
    10,086,342
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,668,004
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    10,668,004
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    160,020
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    10,507,984
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    525,399
    Part X
    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 IX, line 6..................
    1
    525,399
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    3,673
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,673
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    521,726
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,150
    5
    Add lines 3 and 4............................
    5
    523,876
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    523,876
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 523,876
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 515,560
    b Total for prior years:2019, 2018, 20 954,343
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 155,032
    a Applied to 2020, but not more than line 2a 155,032
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 0
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		954,343
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		954,343
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		360,528
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		523,876
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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:
    THE WELLER FOUNDATION
    PO BOX 636
    ATKINSON,NE68713
    (402) 925-2803
    bThe form in which applications should be submitted and information and materials they should include:
    Standard application also available on line including personal and family information, education history and plans, and essay,
    cAny submission deadlines:
    March 1 of each year
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Graduate from approved school district within Nebraska counties of Holt, Boyd, Brown, Rock, Keya Paha and Garfield counties and Gregory County SD, or home schooled in those areas. US citizenship. Not received a Bachelor's Degree. Limited to two annual scholarships with exception of enrollment in aproved nursing program. Continuing awards required to maintain 2.0 GPA and 12 hours enrollment per semester. Must attend approved college list which includes approximately 21 state, community, and private colleges in Nebraska.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    COSGROVE SKYLAR G
    87840 442ND AVE
    LONG PINE,NE69217     		  I BRYAN COLLEGE OF HEALTH SCIENCES - LINCOLN 2,000
    BEEL MORIAH N
    41563 BEEL LN
    JOHNSTOWN,NE69214     		  I CENTRAL COMMUNITY COLLEGE - COLUMBUS 700
    NEIBAUER CASSIE L
    87272 469TH AVE
    STUART,NE68780     		  I CENTRAL COMMUNITY COLLEGE - GRAND ISLAND 1,400
    KAUP JEREMIAH J
    87085 467TH AVE
    STUART,NE68780     		  I CENTRAL COMMUNITY COLLEGE - HASTINGS 1,400
    KLABENES JAVIN A
    87348 480TH AVE
    ATKINSON,NE68713     		  I CENTRAL COMMUNITY COLLEGE - HASTINGS 1,400
    MLINAR GRANT
    87166 486TH AVE
    STUART,NE68780     		  I CENTRAL COMMUNITY COLLEGE - HASTINGS 700
    GONZALEZ STEPHANIE N
    8539 S 100 ST
    LAVISTA,NE68128     		  I CLARKSON COLLEGE - OMAHA 2,000
    METSCHKE TESSA L
    49313 855TH RD
    ONEILL,NE68763     		  I MID-PLAINS COUMMUNITY COLLEGE - NORTH PLATTE 1,400
    ALBRECHT JOSEPH
    48260 877TH RD
    ATKINSON,NE68713     		  I MITCHELL TECHNICAL INSTITUTE - MITCHELL, SD 1,400
    FRANKLIN MICHAELA C
    PO BOX 162
    SPRINGVIEW,NE68778     		  I MITCHELL TECHNICAL INSTITUTE - MITCHELL, SD 1,400
    LARBY TYLER
    908 E PEARL ST
    ATKINSON,NE68713     		  I MITCHELL TECHNICAL INSTITUTE - MITCHELL, SD 700
    HANSEN JENNA L
    512 SO PARK ST
    BASSETT,NE68714     		  I NEBRASKA METHODIST COLLEGE - OMAHA 2,000
    GURNEY HANNAH R
    84532 465TH AVE
    BURWELL,NE68823     		  I SOUTHEAST COMMUNITY COLLEGE - BEATRICE 1,400
    HOWARD ZACHARY R
    416 N 7TH
    ONEILL,NE68763     		  I SOUTHEAST COMMUNITY COLLEGE - BEATRICE 1,000
    PINCKNEY GRACE K
    84890 FREEDOM AVE
    BASSETT,NE68714     		  I SOUTHEAST COMMUNITY COLLEGE - BEATRICE 1,400
    MOHR AUDREY L
    90547 481ST AVE
    BUTTE,NE68722     		  I SOUTHEAST COMMUNITY COLLEGE - LINCOLN 700
    NELSON TY
    84835 FREEDOM AVE
    BASSETT,NE68714     		  I SOUTHEAST COMMUNITY COLLEGE - LINCOLN 700
    OLSON GRACE L
    407 S STATE ST
    BASSETT,NE68714     		  I SOUTHEAST COMMUNITY COLLEGE - LINCOLN 1,400
    CADWALLADER JAXON R
    PO BOX 356
    ATKINSON,NE68713     		  I SOUTHEAST COMMUNITY COLLEGE - MILFORD 700
    VELDER CAROLINE J
    117 S 9TH ST
    ONEILL,NE68763     		  I SOUTHEAST COMMUNITY COLLEGE - MILFORD 1,400
    COUFAL COURTNEY L
    46164 HALFWAY RD
    BURWELL,NE68823     		  I UNIVERSITY OF NEBRASKA - KEARNEY 1,400
    OTTE WILLIAM M
    404 E TIPPERARY
    ONEILL,NE68763     		  I UNIVERSITY OF NEBRASKA - KEARNEY 1,400
    GIDEON CLAIRE E
    46673 823RD RD
    BURWELL,NE68823     		  I UNIVERSITY OF NEBRAKSA - LINCOLN 700
    ALLEN PAYTON
    388 N ELM
    AINSWORTH,NE69210     		  i UNIVERSITY OF NEBRASKA MEDICAL CENTER - OMAHA 2,000
    MARVIN MIKAYLA
    1021 LAWNDALE AVE
    ONEILL,NE68763     		  I UNIVERSITY OF NEBRASKA MEDICAL CENTER - OMAHA 2,000
    MILLER HALEY E
    1518 BOONE AVE
    ONEILL,NE68763     		  I UNIVERSITY OF NEBRASKA MEDICAL CENTER - OMAHA 2,000
    BEEL MORIAH N
    41563 BEEL LN
    JOHNSTOWN,NE69214     		  I UNIVERSITY OF NEBRASKA COLLEGE OF TECHNICAL AG - CURTIS 700
    HIPKE ANDREA L
    90077 PARKS ST
    SPENCER,NE68777     		  I UNIVERSITY OF NEBRASKA COLLEGE OF TECHNICAL AG - CURTIS 1,400
    BREINER MORGAN C
    48673 883RD RD
    ONEILL,NE68763     		  I WAYNE STATE COLLEGE - WAYNE 1,400
    HOFFMAN LAURYN G
    90085 PRAIRIE RD
    SPENCER,NE68777     		  I WAYNE STATE COLLEGE - WAYNE 1,400
    BROTSKY HANNAH
    304 N TULLER ST
    ATKINSON,NE68713     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 2,000
    BROWNELL CORY T
    46676 823RD RD
    BURWELL,NE68823     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    BURKINSHAW ELLIE R
    504 E 2ND ST
    ATKINSON,NE68713     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 2,000
    BUSSINGER KAITLIN
    232 W DAWES
    AINSWORTH,NE69210     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    COLFACK BROOK
    1401 N 5TH ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 2,000
    COUCH KENNA JO
    406 N 6TH ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    CULLEN CHEYENNE D
    48283 872ND RD
    ATKINSON,NE68713     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    DEAN KOLBY J
    915 E ADAMS ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 2,000
    DVORAK AUSTIN T
    88602 464TH AVE
    STUART,NE68780     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    EBY JADYN M
    913 FAIRWAY DR
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    ELLWANGER KANNIN T
    110 GEORGE ST
    BUTTE,NE68722     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    FONSECA KIDA J
    609 E ADAMS
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    FOX DEZIRAE L
    406 PRAIRIE ST
    BRISTOW,NE68719     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 2,000
    GONZALEZ SERVANDO R
    87058 494TH AVE LOT 12
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    HALSEY TORY K
    85753 488TH AVE
    CHAMBERS,NE68725     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    HANKS MAKENNA J
    82188 FORT AVE
    BURWELL,NE68823     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    HEISER JADA M
    50560 898TH RD
    LYNCH,NE68746     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    HEISS PARKER R
    50429 869TH RD
    PAGE,NE68766     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    HUGHES EMILY L
    157 N 11TH AVE
    BURWELL,NE68823     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    HUNT QUADE L
    417 N 8TH AVE
    BURWELL,NE68823     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    JUSSEL TURNER N
    50622 852ND RD
    EWING,NE68735     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    KELLEY BRYANT B
    370 L ST
    BURWELL,NE68823     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    KERKMAN REGHAN L
    211 N BELL ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    KNOX CATALINA J
    PO BOX 24
    BUTTE,NE68722     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    MCCLELLAN HANNAH E
    815 E BENTON ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    MORROW SARA J
    49426 874TH RD
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    MUNOZ IZAIAH K
    125 E FREMONT ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    MUNOZ XAVIER K
    125 E FREMONT ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    NACHTMAN AUSTIN J
    46984 883RD RD
    STUART,NE68780     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    NEAL TRINITY J
    PO BOX 702
    ATKINSON,NE68713     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    OGDEN TRINITY M
    217 E CLAY ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    PAXTON WADE D
    857979 464TH AVE
    STUART,NE68780     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    PEREZ ARACELI S
    87064 494TH AVE 36
    STUART,NE68780     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    PETERSEN TY K
    410 S 6TH AVE
    BURWELL,NE68823     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    PLOCK MASON V
    157 I ST
    BURWELL,NE68823     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    PONGRATZ KAITLYN A
    48756 874TH RD
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 2,000
    POZEHL OREN M
    396 S PINE
    LONG PINE,NE69217     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    REIMAN KALI
    406 S BELLE ST
    ATKINSON,NE68713     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    REISER CATILYN R
    103 KROS DR
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    ROBERTS MAX D
    47542 GLACIER RD
    ATKINSON,NE68713     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    ROSS JACOB Z
    4 A ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    ROTHERHAM DALTON E
    PO BOX 162
    EWING,NE68735     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    SCHAAF TAYLOR A
    47282 US HWY 20
    ATKINSON,NE68713     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    SCHLUNS ELLIOT H
    87652 493RD AVE
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    SCHUNK ALLISON A
    84430 502ND AVE
    EWING,NE68735     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 700
    SCHWARTZKOPF SAMANTHA
    187 N 12TH AVE
    BURWELL,NE68823     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    SCOFIELD SYBIL M
    621 N 1ST ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 2,000
    STOUT COOPER J
    45626 827TH RD
    BURWELL,NE68823     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    THURLOW TY A
    217 2ND ST
    NEWPORT,NE68759     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    TUNENDER MADISON B
    1003 E STATE ST
    ATKINSON,NE68713     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    WALSH MASON J
    225 S 1ST
    ONEILL,NE68763     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    WELNIAK LILLY R
    81623 TURTLE CREEK AVE
    ELYRIA,NE68837     		  I NORTHEAST COMMUNITY COLLEGE - NORFOLK 1,400
    Total .................................bullet 3a 109,600
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 268,913  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    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) .. 0 268,913 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    268,913
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE WELLER FOUNDATION INC
    EIN:
    47-0611350
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,400 240   2,160

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

    TY 2021 DepreciationSchedule
    Name:
    THE WELLER FOUNDATION INC
    EIN:
    47-0611350
    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
    FULLY DEPRECIATED 1981-01-01 74,896 74,896 PRE 10.000000000000 0 0    
    LAND 5075.01 ACRES 1981-07-01 1,539,279   L   0 0    
    LAND IMPROVEMENTS 1981-12-01 34,754 34,753 200DB 15.000000000000 0 0    
    CORRALS 1989-05-01 6,922 6,922 150DB 7.000000000000 0 0    
    DUMP PIT 1989-10-01 6,845 6,845 150DB 20.000000000000 0 0    
    STOCK TANK 1989-12-01 218 218 150DB 10.000000000000 0 0    
    IRRIGATION SYSTEM 1990-03-01 32,399 32,399 150DB 7.000000000000 0 0    
    CHEV 454 POWER UNIT 2002-06-01 4,757 4,757 150DB 7.000000000000 0 0    
    HIGHWAY SIGN 1992-07-01 2,716 2,716 SL 7.000000000000 0 0    
    OFFICE BUILDING 1998-12-05 26,657 15,419 SL 39.000000000000 684 0    
    OFFICE FURNITURE 1999-08-30 275 275 SL 7.000000000000 0 0    
    DESKS AND CHAIRS 1995-03-01 930 930 SL 7.000000000000 0 0    
    REFRIGERATOR FOR OFFICE 1999-10-01 159 159 SL 7.000000000000 0 0    
    COMPUTER DESK 1999-11-15 1,275 1,275 150DB 7.000000000000 0 0    
    OAK DISPLAY CASE 1999-11-15 152 152 150DB 7.000000000000 0 0    
    SIGN 2000-01-15 527 527 150DB 7.000000000000 0 0    
    VACUUM 1999-10-01 212 212 SL 7.000000000000 0 0    
    NG 454 POWER UNITS 2003-06-20 6,082 6,082 150DB 7.000000000000 0 0    
    OFFICE CHAIRS AND END TABLE 2000-01-15 864 864 150DB 7.000000000000 0 0    
    PUMP (DICKAU QUARTER) 2006-04-03 9,314 9,314 150DB 7.000000000000 0 0    
    COPIER/FAX 2006-01-03 1,579 1,579 150DB 5.000000000000 0 0    
    COMPUTER MONITOR 2009-04-28 138 138 SL 5.000000000000 0 0    
    COMPUTER 2009-05-01 817 817 SL 5.000000000000 0 0    
    OFFICE ROOF 2009-07-01 4,975 4,039 SL 15.000000000000 332 0    
    NVE 10 HP Sys/60 HP Pump 2009-03-11 4,080 4,080 SL 7.000000000000 0 0    
    PUMP PANEL 60 HP (AGLAND) 2009-06-12 15,083 15,083 SL 7.000000000000 0 0    
    WELL (FRICKEL WELL SERVICE) 2009-06-12 17,294 14,028 SL 15.000000000000 1,153 1,153    
    OFFICE Remodeling 2012-03-01 23,516 5,603 SL 39.000000000000 603 0    
    96 VALLEY IRRIGATION 2006-05-01 20,000 20,000 150DB 7.000000000000 0 0    
    7 TOWER VALLEY SYSTEM 2013-06-01 25,000 25,000 SL 7.000000000000 0 0    
    WELL 2014-06-01 18,585 8,880 SL 15.000000000000 1,239 1,239    
    7 TOWER VALLEY SYSTEM 2015-04-04 32,000 28,189 SL 7.000000000000 3,811 3,429    
    PUMP MARTEN QTR 2016-04-01 21,699 16,017 SL 7.000000000000 3,100 3,100    

    TY 2021 GeneralExplanationAttachment
    Name:
    THE WELLER FOUNDATION INC
    EIN:
    47-0611350
    Identifier Return Reference Explanation
    Footnote #1 Termination of Private Foundation Status FORM 990 PF PART VII-B 2A AND PART XII Footnote 1Termination of Private Foundation Statusand change to Public Charity as a 509(a)(3) Type 1 Supporting Organization .The Weller Foundation filed Form 8940 with IRS effective July 1, 2019, to become an organization controlled by Northeast Nebraska Community College Foundation Inc., which is a public charity under sections 509(a)(l) and 170(b)(l)(A)(vi) of the Code.On December 17, 2019, the IRS granted advance approval to allow termination of the private foundation status and treatment as a public charity under sections 507(a)(l) and 170(b)(l) (A)(vi) of the Code.The IRS approval was for a 60 month advance ruling period beginning July 1, 2019 and ending June 30, 2024.
    Footnote # 2 Taxes under section 4742 and 4740 during advance ruling period. PART XIII UNDISTRIBUTED INCOME As disclosed per footnote #1, the Foundation is terminating private foundation status andbecoming a public charity (supporting organization) effective July 1, 2019. As such for the advance ruling period commencing July 1, 2019, the tax under section 4742 on undistributed incomewill be zero as long as the Foundation continues to meet the requirements of a public charity.Section 4740 Excise taxEffective July 1, 2019, the Foundation is not liable for the excise tax on investmentincome consistent with it's intent to operate as a public charity. The Foundation has filed Form 872 with the IRS to extend the period of limitation to assess the 4740 tax for any year within the advance ruling period, to four years after filing the 990PF for the last year in the 60 month period (June 30, 2024)
    Footnote #3 Excise tax does not apply during advance ruling period 990 PF PART VI, LINE 0 Section 4740 Excise taxEffective July 1, 2019, the Foundation is not liable for the excise tax on investmentincome consistent with it's intent to operate as a public charity. The Foundation has filed Form 872 with the IRS to extend the period of limitation to assess the 4740 tax for anyyear within the advance ruling period, to four years after filing the 990PF for the last year in the 60 month period (June 30, 2024)
    Footnote #4 Current operations Form 990 PF General Information Through the current date,the Foundation has continued to operate in a manner consistent with the information provided related to the advance approval.

    TY 2021 InvestmentsLandSchedule2
    Name:
    THE WELLER FOUNDATION INC
    EIN:
    47-0611350
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FULLY DEPRECIATED 74,896 74,896 0  
    LAND 5075.01 ACRES 1,539,279 0 1,539,279  
    LAND IMPROVEMENTS 34,754 34,753 1  
    CORRALS 6,922 6,922 0  
    DUMP PIT 6,845 6,845 0  
    STOCK TANK 218 218 0  
    IRRIGATION SYSTEM 32,399 32,399 0  
    CHEV 454 POWER UNIT 4,757 4,757 0  
    NG 454 POWER UNITS 6,082 6,082 0  
    PUMP (DICKAU QUARTER) 9,314 9,314 0  
    NVE 10 HP Sys/60 HP Pump 4,080 4,080 0  
    PUMP PANEL 60 HP (AGLAND) 15,083 15,083 0  
    WELL (FRICKEL WELL SERVICE) 17,294 15,181 2,113  
    96 VALLEY IRRIGATION 20,000 20,000 0  
    7 TOWER VALLEY SYSTEM 25,000 25,000 0  
    WELL 18,585 10,119 8,466  
    7 TOWER VALLEY SYSTEM 32,000 32,000 0  
    PUMP MARTEN QTR 21,699 19,117 2,582  

    TY 2021 LandEtcSchedule2
    Name:
    THE WELLER FOUNDATION INC
    EIN:
    47-0611350
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    HIGHWAY SIGN 2,716 2,716 0  
    OFFICE BUILDING 26,657 16,103 10,554  
    OFFICE FURNITURE 275 275 0  
    DESKS AND CHAIRS 930 930 0  
    REFRIGERATOR FOR OFFICE 159 159 0  
    COMPUTER DESK 1,275 1,275 0  
    OAK DISPLAY CASE 152 152 0  
    SIGN 527 527 0  
    VACUUM 212 212 0  
    OFFICE CHAIRS AND END TABLE 864 864 0  
    COPIER/FAX 1,579 1,579 0  
    COMPUTER MONITOR 138 138 0  
    COMPUTER 817 817 0  
    OFFICE ROOF 4,975 4,371 604  
    OFFICE Remodeling 23,516 6,206 17,310  


    TY 2021 OtherExpensesSchedule
    Name:
    THE WELLER FOUNDATION INC
    EIN:
    47-0611350
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 1,536 154   1,382
    OFFICE SUPPLIES 935 94   841
    OTHER EXPENSES 486 49   437
    INURANCE OFFICE 1,757 0   0
    REPAIRS OFFICE 3,299 330   2,969
    INSURANCE 8,225 8,225   0
    FARM REPAIRS 25,197 25,197   0


    TY 2021 OtherIncreasesSchedule
    Name:
    THE WELLER FOUNDATION INC
    EIN:
    47-0611350
    Description Amount
    Grant recoveries 2,150


    TY 2021 TaxesSchedule
    Name:
    THE WELLER FOUNDATION INC
    EIN:
    47-0611350
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 2,698 270   2,428
    REAL ESTATE TAXES 74,747 74,747   0