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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
Name of foundation
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$129,272,956J 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 140,798 140,798  
4 Dividends and interest from securities... 1,713,970 1,713,970  
5a Gross rents............ 14,600 14,600  
b Net rental income or (loss) 14,600
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 10,902,440
b Gross sales price for all assets on line 6a 29,697,832
7 Capital gain net income (from Part IV, line 2)... 9,432,764
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 665,424   665,424
12 Total. Add lines 1 through 11........ 13,437,232 11,302,132 665,424
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 174,482 87,241   87,241
14 Other employee salaries and wages...... 413,726 137,909   275,817
15 Pension plans, employee benefits....... 145,802 35,930   109,872
16a Legal fees (attach schedule)......... Click to see attachment 23,774 6,540   17,234
b Accounting fees (attach schedule)....... Click to see attachment 38,100 38,100    
c Other professional fees (attach schedule).... Click to see attachment 139,900 138,880   1,020
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 47,993 755   219
19 Depreciation (attach schedule) and depletion... Click to see attachment 19,163 9,911 9,252
20 Occupancy.............. 71,312 32,403   38,909
21 Travel, conferences, and meetings....... 19,849 13,179   6,670
22 Printing and publications.......... 995 995    
23 Other expenses (attach schedule)....... Click to see attachment 902,367 51,469 828,295 22,607
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,997,463 553,312 837,547 559,589
25 Contributions, gifts, grants paid....... 5,818,457 5,818,457
26 Total expenses and disbursements. Add lines 24 and 25 7,815,920 553,312 837,547 6,378,046
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,621,312
b Net investment income (if negative, enter -0-) 10,748,820
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.............      
2 Savings and temporary cash investments......... 14,549,447 10,096,020 10,096,020
3 Accounts receivable bullet8,673,375
Less: allowance for doubtful accounts bullet49,000 9,112,008 8,624,375 8,624,375
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.......... 203,428 215,447 215,447
10a Investments—U.S. and state government obligations (attach schedule) 17,089 Click to see attachment13,650 13,650
b Investments—corporate stock (attach schedule)....... 101,113,796 Click to see attachment89,132,109 89,132,109
c Investments—corporate bonds (attach schedule)....... 101,217 Click to see attachment73,086 73,086
11 Investments—land, buildings, and equipment: basis bullet1,036,904
Less: accumulated depreciation (attach schedule) bullet312,788 730,486 Click to see attachment724,116 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 bullet925,969
Less: accumulated depreciation (attach schedule) bullet261,852 1,345,140 Click to see attachment664,117 1,841,769
15 Other assets (describe bullet) Click to see attachment2,513,340 Click to see attachment1,610,882 Click to see attachment2,313,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 133,634,451 115,102,302 129,272,956
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 attachment33,697,901 Click to see attachment28,612,136
23 Total liabilities (add lines 17 through 22)......... 33,697,901 28,612,136
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............ 99,936,440 86,490,166
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)..... 99,936,550 86,490,166
30 Total liabilities and net assets/fund balances (see instructions). 133,634,451 115,102,302
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
99,936,550
2
Enter amount from Part I, line 27a .....................
2
5,621,312
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
105,557,862
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
19,067,696
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
86,490,166
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.)
1 a AIR PROD & CHEMICALS P 2018-03-05 2021-08-24
b PAYPAL HOLDINGS INCO P 2016-03-22 2022-05-12
c DUKE ENERGY CORP NEW COM - ELEANOR G P 2016-07-29 2021-12-29
d FIRST EAGLE OVERSEAS P 2011-12-14 2021-12-31
e FIDELITY INFLAT-PROT BD INDEX FUND P 2020-12-23 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2019-09-30 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2020-12-04 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-12-31 2022-06-09
IDEXX LABS INC P 2020-03-17 2021-08-25
S&P GLOBAL INC. (IHS MARKET MERGER) P 2020-08-13 2021-06-02
DUKE ENERGY CORP NEW COM - ELEANOR G P 2020-09-14 2021-12-29
FIRST EAGLE OVERSEAS P 2011-12-14 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2020-12-31 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2019-10-31 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2020-12-31 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2022-01-31 2022-06-09
VERTEX PHARMACEUTICA P 2018-06-26 2021-09-20
AKRE FOCUS FUND INSTL P 2012-06-26 2021-09-29
FIRST INTERSTATE BANKCSYSTEM - ELEAN P 2010-04-27 2021-12-29
FIRST EAGLE OVERSEAS P 2011-12-14 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-01-29 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2019-11-29 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-01-29 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2022-02-28 2022-06-09
ADOBE SYSTEMS INC P 2012-12-31 2021-09-21
AKRE FOCUS FUND INSTL P 2012-07-02 2021-09-29
FIRST INTERSTATE BANKCSYSTEM - ELEAN P 2010-03-23 2021-12-29
FIRST EAGLE OVERSEAS P 2012-12-14 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-02-26 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2019-12-31 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-02-26 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2022-03-31 2022-06-09
FACEBOOK INC CLASS A P 2019-12-10 2021-09-21
FIRST EAGLE OVERSEAS CLASS I P 2011-06-16 2021-09-29
ILLINOIS TOOL WORKS INC - ELEANOR GR P 2006-12-12 2021-12-29
FIRST EAGLE OVERSEAS P 2012-12-14 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-03-31 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2020-01-31 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-03-31 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2022-04-29 2022-06-09
MICROSOFT CORP P 2017-11-14 2021-09-21
FIRST EAGLE OVERSEAS CLASS I P 2011-09-22 2021-09-29
JOHNSON & JOHNSON COM - ELEANOR GREG P 2004-12-14 2021-12-29
FIRST EAGLE OVERSEAS P 2012-12-14 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-03-31 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2020-02-28 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-04-09 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2022-05-31 2022-06-09
GLOBAL PAYMENTS INC. P 2020-11-20 2021-11-17
FIRST EAGLE OVERSEAS CLASS I P 2011-11-15 2021-09-29
MCDONALDS CORP - ELEANOR GREGG TRUST P 2009-03-06 2021-12-29
FIRST EAGLE OVERSEAS P 2013-12-18 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-05-28 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2020-03-31 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-04-30 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2022-06-08 2022-06-09
L3HARRIS TECHNOLOGIES IN P 2020-01-30 2021-11-17
US DOLLAR FX FOR JAPANESE YEN P 2015-06-16 2021-12-14
MDU RESOURCES GROUP INC - ELEANOR GR P 2009-04-17 2021-12-29
FIRST EAGLE OVERSEAS P 2013-12-18 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-06-30 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2020-04-30 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-05-28 2022-06-09
DOLLAR GENERAL CORP P 2018-10-22 2022-01-14
BRISTOL-MYERS SQUIBB CO COM - ELEANO P 2008-09-22 2021-12-29
PROCTOR AND GAMBLE CO - ELEANOR GREG P 2003-08-21 2021-12-29
FIRST EAGLE OVERSEAS P 2013-12-18 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-09-30 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2020-05-29 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-06-30 2022-06-09
FACEBOOK INC CLASS A (META PLATFORMS P 2019-12-10 2022-02-03
BROADCOM INC COM - ELEANOR GREGG TRU P 2021-07-28 2021-12-29
VALERO ENERGY CORP - ELEANOR GREGG T P 2018-03-20 2021-12-29
FIRST EAGLE OVERSEAS P 2014-12-17 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-10-29 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2020-06-30 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-07-30 2022-06-09
THERMO FISHER SCNTFC P 2015-02-01 2022-02-18
CHEVRON CORP NEW COM - ELEANOR GREGG P 2015-07-24 2021-12-29
WALMART INC - ELEANOR GREGG TRUST P 2009-03-06 2021-12-29
FIRST EAGLE OVERSEAS P 2014-12-17 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-11-30 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2020-07-31 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-08-31 2022-06-09
IHS MARKIT LTD (MERGER WITH S&P GLOB P 2020-08-13 2022-03-01
CVS HEALTH CORPORATION COM - ELEANOR P 2019-09-23 2021-12-29
UNITED STATES TREAS BDS 7.25% - ELEA P 1999-09-13 2021-12-29
FIRST EAGLE OVERSEAS P 2014-12-17 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2021-12-22 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2020-08-31 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-09-30 2022-06-09
ANSYS INC P 2018-10-16 2022-03-18
DOMINION ENERGY INC COM - ELEANOR GR P 2009-06-03 2021-12-29
PIMCO LONG DURATION TOTAL RETURN P 2014-05-19 2021-12-31
FIRST EAGLE OVERSEAS P 2015-04-23 2021-12-31
US DOLLAR FX FOR JAPANESE YEN P 2022-06-02 2022-06-06
FID L/T TREASURY BOND INDEX FUND P 2020-09-30 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-10-29 2022-06-09
REPLIGEN CORP P 2021-09-20 2022-04-12
DOMINION ENERGY INC COM - ELEANOR GR P 2021-12-20 2021-12-29
PIMCO LONG DURATION TOTAL RETURN - W P 2014-05-19 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2020-11-05 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2019-08-19 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2020-10-30 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-11-30 2022-06-09
REPLIGEN CORP P 2021-09-21 2022-04-12
DOMINION ENERGY INC COM - ELEANOR GR P 2021-12-20 2021-12-29
FIRST EAGLE OVERSEAS P 2011-11-15 2021-12-31
FIDELITY INFLAT-PROT BD INDEX FUND P 2020-11-30 2022-03-24
FID L/T TREASURY BOND INDEX FUND P 2019-08-30 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2020-11-30 2022-06-09
FID L/T TREASURY BOND INDEX FUND P 2021-12-03 2022-06-09
(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 132,965   80,083 52,882
b 55,075   30,067 25,008
c 13,415   11,352 2,063
d 178   141 37
e 43,874   43,954 -80
8,108   10,493 -2,385
55,546   75,995 -20,449
4,896   6,285 -1,389
235,040   85,356 149,684
169,491   146,635 22,856
11,867   9,953 1,914
80,380   63,857 16,523
386   388 -2
8,464   10,814 -2,350
4,631   6,428 -1,797
5,093   6,286 -1,193
112,141   94,673 17,468
984,409   225,360 759,049
11,851   4,955 6,896
113,635   90,276 23,359
158   159 -1
8,267   10,498 -2,231
4,779   6,397 -1,618
4,708   5,712 -1,004
39,328   2,258 37,070
2,544,224   587,961 1,956,263
15,802   5,805 9,997
18,202   15,473 2,729
       
8,854   10,866 -2,012
4,569   5,762 -1,193
5,596   6,419 -823
34,984   19,105 15,879
1,272,215   1,100,022 172,193
46,208   9,085 37,123
54,081   45,973 8,108
       
8,230   10,838 -2,608
5,371   6,423 -1,052
5,972   6,227 -255
30,073   8,332 21,741
627,392   500,022 127,370
16,924   6,255 10,669
140,015   119,024 20,991
       
7,213   10,107 -2,894
10,698   12,932 -2,234
6,307   6,433 -126
94,351   142,785 -48,434
1,250,976   1,036,073 214,903
48,209   9,452 38,757
37,256   32,967 4,289
       
5,544   8,270 -2,726
5,097   6,206 -1,109
1,675   1,675  
111,728   113,098 -1,370
850   862 -12
11,907   7,256 4,651
92,431   81,788 10,643
       
4,541   6,830 -2,289
5,234   6,363 -1,129
164,728   82,785 81,943
18,673   6,407 12,266
32,392   8,837 23,555
132,526   117,267 15,259
       
4,720   6,954 -2,234
4,861   6,139 -1,278
123,736   102,564 21,172
20,151   14,678 5,473
7,271   9,715 -2,444
23,785   20,054 3,731
       
4,466   6,592 -2,126
4,849   6,335 -1,486
187,607   48,317 139,290
10,067   7,932 2,135
28,140   9,930 18,210
49,751   41,946 7,805
       
4,345   6,671 -2,326
4,821   6,268 -1,447
252   192 60
15,842   10,073 5,769
20,836   20,102 734
147,468   124,334 23,134
212,007   214,324 -2,317
4,490   6,553 -2,063
4,802   6,056 -1,254
154,587   78,451 76,136
15,437   6,515 8,922
1,139,983   1,278,322 -138,339
2,436,298   2,260,285 176,013
743   750 -7
4,270   6,269 -1,999
4,898   6,284 -1,386
59,006   110,625 -51,619
77   79 -2
14,023     14,023
4,386,986   4,375,000 11,986
2,634,901   3,483,390 -848,489
4,532   6,425 -1,893
4,616   6,070 -1,454
43,335   82,433 -39,098
46   47 -1
623,977   536,949 87,028
387   388 -1
3,408   4,536 -1,128
4,355   6,257 -1,902
10,817   14,404 -3,587
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       52,882
b       25,008
c       2,063
d       37
e       -80
      -2,385
      -20,449
      -1,389
      149,684
      22,856
      1,914
      16,523
      -2
      -2,350
      -1,797
      -1,193
      17,468
      759,049
      6,896
      23,359
      -1
      -2,231
      -1,618
      -1,004
      37,070
      1,956,263
      9,997
      2,729
       
      -2,012
      -1,193
      -823
      15,879
      172,193
      37,123
      8,108
       
      -2,608
      -1,052
      -255
      21,741
      127,370
      10,669
      20,991
       
      -2,894
      -2,234
      -126
      -48,434
      214,903
      38,757
      4,289
       
      -2,726
      -1,109
       
      -1,370
      -12
      4,651
      10,643
       
      -2,289
      -1,129
      81,943
      12,266
      23,555
      15,259
       
      -2,234
      -1,278
      21,172
      5,473
      -2,444
      3,731
       
      -2,126
      -1,486
      139,290
      2,135
      18,210
      7,805
       
      -2,326
      -1,447
      60
      5,769
      734
      23,134
      -2,317
      -2,063
      -1,254
      76,136
      8,922
      -138,339
      176,013
      -7
      -1,999
      -1,386
      -51,619
      -2
      14,023
      11,986
      -848,489
      -1,893
      -1,454
      -39,098
      -1
      87,028
      -1
      -1,128
      -1,902
      -3,587
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 9,432,764
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 -129,831
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  
3 Add lines 1 and 2........................... 3 149,409
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- ..... 5 149,409
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 173,772
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.............. 7 173,772
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 24,363
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet24,363 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$   (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 XIV..................................
    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 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
     
    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 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
     
     
    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
     
    No
    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? ..............................
    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
    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     		174,482 20,599 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
    MEGAN COOK DIRECTOR
    2.00     		0 0 0
    12 PINE LANE
    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
    BOBBIE BEARD CONTROLLER
    40.00     		116,172 13,444  
    1516 YONKEE AVE
    SHERIDAN,WY82801
    JANET BARNES COORDINATOR
    40.00     		72,674 8,803  
    39 JEWEL ROAD
    SHERIDAN,WY82801
    JENNIFER DESTEFANO STUDENT LOAN
    40.00     		64,813 7,851  
    1882 FAIRWAY LANE
    SHERIDAN,WY82801
    Total number of other employees paid over $50,000...................bullet  
    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.............bullet  
    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 STUDENT LOANS MADE FROM JULY 2021 - JUNE 2022 PER PROGRAM REQUIREMENTS 1,328,484
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet1,328,484
    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
    101,903,324
    b
    Average of monthly cash balances.......................
    1b
    11,253,472
    c
    Fair market value of all other assets (see instructions)................
    1c
    7,222,101
    d
    Total (add lines 1a, b, and c).........................
    1d
    120,378,897
    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
    120,378,897
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,805,683
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    118,573,214
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,928,661
    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
    5,928,661
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    149,409
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    149,409
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,779,252
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,842,921
    5
    Add lines 3 and 4............................
    5
    7,622,173
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    7,622,173
    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 7,622,173
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 113,491
    b Total for prior years:20, 20, 20  
    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 ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 7,706,530
    a Applied to 2020, but not more than line 2a 113,491
    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 2021 distributable amount..... 7,593,039
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		29,134
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    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:
    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 (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
    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 570,000
    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 100,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - MUSIC/MUSIC RECRUITING 170,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - 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 2,127,290
    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 600,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST - ALLIED HEALTH 300,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE 501C3 ASSIST ALLIED HEALTH DENTAL 50,000
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC PARK RESRVOIR SHARES 79,831
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC STUDENT LOAN DISCOUNTS TO BALANCE 17,281
    WHITNEY COMMONS
    326 ALGER STREET
    SHERIDAN,WY82801     		ASSET OF ORG PC EQUIPMENT AND IMPROVEMENTS 336,055
    Total .................................bullet 3a 5,818,457
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 140,798  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 14,600  
    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 9,432,764 1,469,676
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aLITIGATION PROCEEDS     		    41 444  
    bOTHER INCOME     3 43,408  
    cCONTRACT LABOR INCOME     16 16,600  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 604,972 11,362,584 1,469,676
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    13,437,232
    (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
    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 41,596 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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 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 38,100 38,100    

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    TY 2021 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 4,588 S/L 15.0000 399 199 200  
    SUITE 1-W PANEL FOR OFFICE 2010-02-11 950 725 S/L 15.0000 64 32 32  
    SUITE 1-TILE BATHROOM 2010-02-23 11,785 9,038 S/L 15.0000 785 392 393  
    SUITE 1-OFFICE BUILDING 2012-06-21 524,864 121,684 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 6,161 S/L 7.0000        
    50% FILE CABINETS 2007-07-05 1,575 788 S/L 7.0000        
    50% BOARDROOM 2007-07-06 1,850 925 S/L 7.0000        
    50% FILE CABINET CPA 2008-04-22 1,575 788 S/L 7.0000        
    50% 4 OFFICE CHAIRS 2010-02-15 2,042 1,021 S/L 7.0000        
    50% 11 SIDE CHAIRS 2010-02-15 4,489 2,245 S/L 7.0000        
    50% VISUAL BOARD 2010-02-15 1,061 531 S/L 7.0000        
    50% 3 END TABLES 2010-02-15 1,335 668 S/L 7.0000        
    50% DELUXE LECTERN 2010-02-15 2,616 1,308 S/L 7.0000        
    50% MAGAZINE TABLE 2010-02-15 475 219 S/L 7.0000        
    50% CONFERENCE ROOM 2010-02-15 986 493 S/L 7.0000        
    50% 6 MID-BACK 2010-02-15 2,921 1,461 S/L 7.0000        
    50% DIRECTOR 2010-02-15 1,100 550 S/L 7.0000        
    50% DIRECTOR DESK 2010-02-15 2,549 1,274 S/L 7.0000        
    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 2,096 1,048 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 1,203 S/L 7.0000        
    50% 7 WOOD BLINDS 2010-03-18 1,386 693 S/L 7.0000        
    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 W-B 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 3,250 S/L 2.0000        
    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 3,972 S/L 7.0000 611 306 305  
    50% COMPUTER SERVER 2018-02-19 3,324 1,773 S/L 5.0000 333 166 167  
    50% COMPUTERS 2019-05-08 2,250 1,193 S/L 5.0000 225 112 113  
    50% 4HP PRODESK COMPUTERS 2019-07-23 2,171 434 S/L 5.0000 217 108 109  
    50% SPEAKER SYSTEM 2019-11-12 2,700 540 S/L 5.0000 270 135 135  
    117 N SCOTT 2017-09-22 394,063 37,890 S/L 39.0000 842 421 421  
    117 N SCOTT LAND 2017-09-22 181,062              
    50% - EBIA SOUNDS SYSTEM IN BOARD ROOM 2020-10-21 5,343 254 S/L 7.0000 382 191 191  
    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 9,990 791 S/L 15.0000 666 666    
    MASTER PLAN 2021-07-01 8,025              
    DELL LATITUDE LAPTOP 2021-09-27 1,152   S/L 5.0000 173 86 87  
    BOARD ROOM CAMERA 2021-10-05 2,672   S/L 5.0000 401 200 201  
    AUDIO IMPROVEMENTS BOARD ROOM 2021-10-27 3,174   S/L 7.0000 302 151 151  
    SPEAKER SYSTEM - BOARD ROOM 2021-12-10 420   S/L 7.0000 35 17 18  
    50% HP 4200 S/L 2010-03-08 1,199 1,199 S/L 5.0000        

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    TY 2021 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
    SALE OF PROPERTY   PURCHASE 2021-07   905,310 575,125   2,577 366,340 38,732
    LAND 2009-07 PURCHASE 2021-08   291,500 142,617   888 147,995  
    DISPOSAL OF OBSOLETE INVENTORY   PURCHASE 2022-06     12,180     18,155 30,335
    LAND 1966-01 PURCHASE 2021-07   938,690 1,504     937,186  

    TY 2021 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 73,086 73,086

    TY 2021 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 89,132,109 89,132,109

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    US Government Securities - End of Year Book Value:

    13,650
    US Government Securities - End of Year Fair Market Value:

    13,650
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 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
      1,036,904 312,788 724,116 13,015,000

    TY 2021 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 2021 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
      684,660 261,852 422,808 1,841,769
      241,309   241,309  


    TY 2021 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 15,311 6,540   8,771
    DAVIS AND CANNON 4,805     4,805
    IRELAND STAPLETON PRYOR 3,658     3,658


    TY 2021 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 2,214,392 1,610,882 2,313,000
    BENEFICIAL INTEREST IN TRUST 298,948    


    TY 2021 OtherDecreasesSchedule
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Description Amount
    CHANGE IN NON-TAX ACCRUALS AND UNREALIZED LOSS 19,067,696


    TY 2021 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 799,412   799,412  
    EXPENSES        
    ADVERTISING 4,419 2,209   2,210
    BAD DEBT EXPENSE -40,471 -20,235   -20,236
    BANK SERVICE CHARGES 2,245 1,122   1,123
    COLLECTIONS 415 207   208
    CREDIT REPORTS 3,216 1,608   1,608
    DUES & SUBSCRIPTIONS 1,036 518   518
    EXPENSES 990-T 28,883   28,883  
    INSURANCE 32,015 32,015    
    POSTAGE 5,111 2,555   2,556
    SUPPLIES 10,810 3,957   6,853
    TECHNOLOGY EXPENSE 28,682 8,189   20,494
    TELEPHONE 7,675 2,872   4,806
    UNIFORMS 2,331     2,331
    UTILITIES 136     136
    WAGE REIMB. 15,238 15,238    
    INVESTMENT DEPRECIATION 1,214 1,214    


    TY 2021 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 604,972   604,972
    LITIGATION PROCEEDS 444   444
    OTHER INCOME 43,408   43,408
    CONTRACT LABOR INCOME 16,600   16,600


    TY 2021 OtherLiabilitiesSchedule
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Description Beginning of Year - Book Value End of Year - Book Value
    CURRENT LIABILITIES 87,045 337,765
    CREDIT CARD PAYABLE 2,238 2,789
    ACCRUED COMPENSATED ABSENCES 32,378 41,632
    DISTRIBUTIONS PAYABLE 4,426,290 3,780,210
    LONG-TERM COMMITMENTS 29,149,950 24,449,740


    TY 2021 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 33,380 33,380    
    FARMER & BETTS INC 2,040 1,020   1,020
    SHERIDAN PRESS 1,107 1,107    
    CARTER-ISAKSON        
    CENTRAL PRODUCTS        
    BLACKBAUD        
    RANDAL ENGINEERING        
    JANET BARNES - NOTARY        
    SHERIDAN COMPUTER        
    SHERIDAN COUNTY CLERK        
    WINSOR FIREFORM LLC        
    PCS 4,648 4,648    
    SAMUEL WESTERN 225 225    
    HOLTHOUSE APPRAISAL GROUP 8,500 8,500    
    MOUNTAIN WEST GROUP        


    TY 2021 TaxesSchedule
    Name:
    WHITNEY BENEFITS INC
     
    AND SUBSIDIARY
    EIN:
    83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES - FOREIGN 536 536    
    TAXES - GENERAL 438 219   219
    PAYROLL TAXES 47,019