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 01-01-2021 , and ending 12-31-2021
Name of foundation
WEGENER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 18335
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OKLAHOMA CITY, OK731540335
A Employer identification number

73-6095407
B Telephone number (see instructions)

(405) 235-8455
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$9,710,535J 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... 89,196 89,196  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 196,484
b Gross sales price for all assets on line 6a 994,264
7 Capital gain net income (from Part IV, line 2)... 196,484
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 612,877 607,877 5,000
12 Total. Add lines 1 through 11........ 898,557 893,557 5,000
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 27,500 20,350 0 7,150
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 9,900 7,425 0 2,475
b Accounting fees (attach schedule)....... Click to see attachment 9,762 7,322 0 2,440
c Other professional fees (attach schedule).... Click to see attachment 74,544 40,044 0 34,500
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 42,698 40,288 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 321 251 0 70
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 164,725 115,680 0 46,635
25 Contributions, gifts, grants paid....... 336,500 336,500
26 Total expenses and disbursements. Add lines 24 and 25 501,225 115,680 0 383,135
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 397,332
b Net investment income (if negative, enter -0-) 777,877
c Adjusted net income (if negative, enter -0-)... 5,000
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......... 250,694 490,351 490,351
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)....... 2,826,179 Click to see attachment3,465,391 6,056,972
c Investments—corporate bonds (attach schedule)....... 374,600 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 413,892 Click to see attachment305,912 3,162,829
14 Land, buildings, and equipment: basis bullet35,679
Less: accumulated depreciation (attach schedule) bullet35,679      
15 Other assets (describe bullet) Click to see attachment383 Click to see attachment383 Click to see attachment383
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,865,748 4,262,037 9,710,535
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 1,081,059 1,081,059
28 Retained earnings, accumulated income, endowment, or other funds 2,784,689 3,180,978
29 Total net assets or fund balances (see instructions)..... 3,865,748 4,262,037
30 Total liabilities and net assets/fund balances (see instructions). 3,865,748 4,262,037
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
3,865,748
2
Enter amount from Part I, line 27a .....................
2
397,332
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,263,080
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,043
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,262,037
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 DOUBLELINE LOW DURATION BOND I     2021-01-14
b VANGUARD SHORT-TERM INVESTMENT     2021-01-14
c ANGEL OAK MULTI STRATEGY INCOME     2021-01-14
d EATON VANCE SHORT DURATION GOVT INCOME FUND     2021-01-14
e VANGUARD EMERGING MARKETS BOND     2021-01-14
ISHARES TIPS BOND     2021-01-15
ISHARES 1-3 YEAR TREASURY BOND     2021-01-15
ABBVIE INC     2021-01-15
BECTON DICKINSON & CO     2021-05-24
ORGANON CO COMMON STOCK     2021-06-24
ROCKWELL AUTOMATION INC     2021-07-01
SHERWIN WILLIAMS CO     2021-07-01
LOCKHEED MARTIN CORP     2021-11-08
GLOBAL PAYMENTS INC     2021-12-06
AMERICAN FUNDS EUROPACIFIC GROWTH     2021-06-16
VANGUARD SMALL CAP VALUE INDEX ADM     2021-01-05
LAZARD EMERGING MARKETS EQUITY INST     2021-01-06
VANGUARD 500 INDEX ADMIRAL     2021-04-05
VANGUARD SMALL CAP GROWTH INDEX ADM     2021-06-03
NORTHERN SMALL CAP VALUE     2021-09-02
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 71,638   71,853 -215
b 190,878   185,000 5,878
c 70,308   75,000 -4,692
d 29,681   29,681 0
e 53,777   49,840 3,937
80,015   73,609 6,406
51,792   50,274 1,518
78,310   74,183 4,127
17,139   16,991 148
614   751 -137
13,865   11,931 1,934
13,694   6,965 6,729
6,634   8,518 -1,884
5,999   9,939 -3,940
2,346     2,346
28,303   20,997 7,306
28,189   29,476 -1,287
21,334   12,436 8,898
22,698   14,166 8,532
69,755   56,170 13,585
137,295     137,295
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       -215
b       5,878
c       -4,692
d       0
e       3,937
      6,406
      1,518
      4,127
      148
      -137
      1,934
      6,729
      -1,884
      -3,940
      2,346
      7,306
      -1,287
      8,898
      8,532
      13,585
      137,295
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 2 196,484
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 10,812
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 10,812
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 5,720
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,720
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,908
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet4,908 RefundedBullet 11 0
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.
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)
    bulletOK
    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 addressbulletN/A
    14
    The books are in care ofbulletFOUNDATION MANAGEMENT INC Telephone no.bullet (405) 755-5571

    Located atbullet1024 EAST BRITTON ROAD SUITE 200OKLAHOMA CITYOK ZIP+4bullet73131
    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
     
    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
    JEFF WEGENER PRESIDENT AS OF 4/29/21
    1.00     		5,000 0 0
    PO BOX 18335
    OKLAHOMA CITY,OK73154
    LEE HOLMES PRESIDENT UNTIL 4/29/21
    1.00     		2,500 0 0
    PO BOX 18335
    OKLAHOMA CITY,OK73154
    RODNEY WEGENER VICE PRESIDENT
    1.00     		5,000 0 0
    PO BOX 18335
    OKLAHOMA CITY,OK73154
    SHERRIE SCHROEDER TREASURER
    1.00     		0 0 0
    PO BOX 18335
    OKLAHOMA CITY,OK73154
    KARI BLAKLEY SECRETARY
    1.00     		0 0 0
    PO BOX 18335
    OKLAHOMA CITY,OK73154
    KAY WOLFARD TRUSTEE
    1.00     		5,000 0 0
    PO BOX 18335
    OKLAHOMA CITY,OK73154
    LAURA TONTZ TRUSTEE AS OF 4/29/21
    1.00     		2,500 0 0
    PO BOX 18335
    OKLAHOMA CITY,OK73154
    EC WEGENER TRUSTEE UNTIL 4/29/21
    1.00     		2,500 0 0
    PO BOX 18335
    OKLAHOMA CITY,OK73154
    MATTHEW WEGENER TRUSTEE
    1.00     		5,000 0 0
    PO BOX 18335
    OKLAHOMA CITY,OK73154
    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
    5,967,378
    b
    Average of monthly cash balances.......................
    1b
    497,024
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,815,945
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,280,347
    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
    9,280,347
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    139,205
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    9,141,142
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    457,057
    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
    457,057
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    10,812
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,812
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    446,245
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    446,245
    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
    446,245
    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 7 446,245
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 36,923
    b From 2017...... 31,371
    c From 2018...... 19,078
    d From 2019...... 235,552
    e From 2020...... 201,461
    f Total of lines 3a through e ........ 524,385
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 383,135
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 383,135
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 63,110 63,110
    (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 5 461,275
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		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 ......     		461,275
    10 Analysis of line 9:
    a Excess from 2017.... 5,184
    b Excess from 2018.... 19,078
    c Excess from 2019.... 235,552
    d Excess from 2020.... 201,461
    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:
    FOUNDATION MANAGEMENT INC
    1024 EAST BRITTON ROAD SUITE 200
    OKLAHOMA CITY,OK73131
    (405) 755-5571
    bThe form in which applications should be submitted and information and materials they should include:
    ONLINE APPLICATION IS AVAILABLE AT FMIOK.COM
    cAny submission deadlines:
    AUGUST 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    HOPE IS ALIVE MINISTRIES
    14401 N MAY AVE
    OKLAHOMA CITY,OK73134     		N/A PC GENERAL SUPPORT 11,500
    A CHANCE TO CHANGE FOUNDATION
    2113 W BRITTON RD
    OKLAHOMA CITY,OK73120     		N/A PC GENERAL SUPPORT 10,000
    ASPIRING ATTITUDES
    8014 N WESTERN STE C
    OKLAHOMA CITY,OK73114     		N/A PC GENERAL SUPPORT 10,000
    BIG BROTHERS BIG SISTERS OF OKLAHOMA
    2000 N CLASSEN BLVD STE E100
    OKLAHOMA CITY,OK73106     		N/A PC GENERAL SUPPORT 10,000
    BRITVIL FOOD PANTRY
    8717 N WESTERN AVE
    OKLAHOMA CITY,OK73114     		N/A PC GENERAL SUPPORT 5,000
    CALM WATERS CENTER
    501 N WALKER STE 140
    OKLAHOMA CITY,OK73102     		N/A PC GENERAL SUPPORT 10,000
    CASA VOICES FOR CHILDREN INC
    402 CHICKASHA AVE SUITE 140
    CHICKASHA,OK73102     		N/A PC GENERAL SUPPORT 5,000
    CENTER OF FAMILY LOVE
    PO BOX 245
    OKARCHE,OK73762     		N/A PC GENERAL SUPPORT 10,000
    CITY CARE
    2000 N CLASSEN BLVD STE N50
    OKLAHOMA CITY,OK73106     		N/A PC GENERAL SUPPORT 5,000
    CITY RESCUE MISSION
    800 W CALIFORNIA AVE
    OKLAHOMA CITY,OK73103     		N/A PC GENERAL SUPPORT 15,000
    CROSSROADS YOUTH & FAMILY SERVICES
    1333 W MAIN ST
    NORMAN,OK73069     		N/A PC GENERAL SUPPORT 5,000
    DALE ROGERS TRAINING CENTER INC
    2501 N UTAH
    OKLAHOMA CITY,OK73107     		N/A PC GENERAL SUPPORT 10,000
    HEALTH ALLIANCE FOR THE UNINSURED
    3000 UNITED FOUNDERS BLVD STE 244
    OKLAHOMA CITY,OK73112     		N/A PC GENERAL SUPPORT 5,000
    HEARTS FOR HEARING FOUNDATION
    11500 N PORTLAND AVE
    OKLAHOMA CITY,OK73162     		N/A PC GENERAL SUPPORT 10,000
    LIMBS FOR LIFE FOUNDATION
    9604 N MAY
    OKLAHOMA CITY,OK73120     		N/A PC GENERAL SUPPORT 10,000
    LITTLE LIGHT MINISTRIES INC
    3301 N MARTIN LUTHER KING
    OKLAHOMA CITY,OK73111     		N/A PC GENERAL SUPPORT 15,000
    MEADOWS CENTER FOR OPPORTUNITY
    1000 S KELLY AVENUE
    EDMOND,OK73003     		N/A PC GENERAL SUPPORT 10,000
    NEIGHBORHOOD SERVICES ORGANIZATION
    431 SW 11TH
    OKLAHOMA CITY,OK73109     		N/A PC GENERAL SUPPORT 15,000
    NEWVIEW OKLAHOMA
    501 N DOUGLASS AVE
    OKLAHOMA CITY,OK73118     		N/A PC GENERAL SUPPORT 10,000
    REDEEMING THE FAMILY
    1409 NW 150TH STREET
    EDMOND,OK73013     		N/A PC GENERAL SUPPORT 10,000
    PARENT PROMISE
    4323 NW 63RD STREET SUITE 200
    OKLAHOMA CITY,OK73116     		N/A PC GENERAL SUPPORT 15,000
    PIVOT INC
    201 NE 50TH
    OKLAHOMA CITY,OK73105     		N/A PC GENERAL SUPPORT 15,000
    POSITIVE TOMORROWS
    PO BOX 61190
    OKLAHOMA CITY,OK73146     		N/A PC GENERAL SUPPORT 10,000
    RESTOREOKC
    2222 NE 27TH
    OKLAHOMA CITY,OK73111     		N/A PC GENERAL SUPPORT 20,000
    SMART START CENTRAL OKLAHOMA
    PO BOX 21505
    OKLAHOMA CITY,OK73156     		N/A PC GENERAL SUPPORT 5,000
    SPECIAL CARE
    12201 N WESTERN AVE
    OKLAHOMA CITY,OK73114     		N/A PC GENERAL SUPPORT 10,000
    TAYLOR GRIGGS HARJO EDUCATION FOUNDATION
    600 ROBIN RD
    SEMINOLE,OK74868     		N/A PC GENERAL SUPPORT 5,000
    CARE CENTER
    1403 N ASHTON PLACE
    OKLAHOMA CITY,OK73117     		N/A PC GENERAL SUPPORT 10,000
    CHILDREN'S CENTER
    6800 NW 39TH EXPRESSWAY
    BETHANY,OK73008     		N/A PC GENERAL SUPPORT 10,000
    EDEN CLINIC
    PO BOX 669
    NORMAN,OK73070     		N/A PC GENERAL SUPPORT 10,000
    LITTLE LIGHT HOUSE
    5120 E 36TH STREET
    TULSA,OK74135     		N/A PC GENERAL SUPPORT 10,000
    RIGHT PATH RIDING ACADEMY
    16620 OLD SHAMROCK WAY
    DRUMRIGHT,OK74030     		N/A PC GENERAL SUPPORT 10,000
    WINGS SPECIAL NEEDS COMMUNITY INC
    13700 N EASTERN AVE
    EDMOND,OK73013     		N/A PC GENERAL SUPPORT 5,000
    CENTRAL OKLAHOMA CAMP AND CONFERENCE CENTER
    1 TWIN CEDAR LN
    GUTHRIE,OK73044     		N/A PC GENERAL SUPPORT 10,000
    Total .................................bullet 3a 336,500
    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.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 196,484  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION SETTLEMENTS     		    01 9,841  
    bMISC. INCOME     01 5,000  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 898,557 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    898,557
    (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:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 9,762 7,322 0 2,440

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLSPRING SPECIAL SMALL VALUE INST 30,632 46,584
    CAUSEWAY INTERNATIONAL VALUE 66,793 79,340
    DFA INTERNATIONAL VALUE PORT I 21,084 21,251
    DODGE & COX STOCK 35,080 50,313
    FIDELITY REAL ESTATE INDEX 22,742 25,830
    LAZARD EMERGING MARKETS EQUITY 24,526 27,851
    PZENA EMERGING MARKETS VALUE INST 27,882 28,447
    VANGUARD DEVELOPED MARKETS INDEX ADM 35,894 50,956
    VANGUARD EMERG MKTS STOCK INDEX ADM 20,622 23,833
    VANGUARD GROWTH INDEX ADMIRAL 24,398 78,638
    VANGUARD MID-CAP VALUE INDEX ADMIRAL 45,910 77,902
    VANGUARD 500 INDEX FUND ADMIRAL 95,943 227,609
    WILLIAM BLAIR SMALL CAP VALUE INST 28,750 33,108
    BRANDES INSTITUTIONAL INTERNATIONAL EQUITY FD 26,350 27,605
    AMERICAN FUNDS EUROPACIFIC GROWTH F3 47,018 52,534
    DELAWARE VALUE FUND - I 76,624 79,110
    DODGE & COX INTERNATIONAL STOCK FUND 26,000 26,398
    HARBOR CAPITAL APPRECIATION #2012 113,091 179,752
    HOOD RIVER SMALL CAP GROWTH INST 35,359 68,030
    INVESCO INTERNATIONAL GROWTH R5 25,606 20,599
    NORTHERN SMALL CAP VALUE FUND 36,053 36,517
    VANGUARD 500 INDEX FUND - ADM #540 77,670 177,931
    VANGUARD HIGH DVD YIELD EFT 63,633 104,038
    VANGUARD MID-CAP INDEX - ADM #5859 30,000 59,401
    VANGUARD SMALL CAP INDEX - ADM #548 46,095 86,936
    ABBOTT LABS 30,938 52,778
    ABBVIE INC COM 15,034 54,837
    ACCENTURE PLC A 31,082 67,572
    ALPHABET INC CAP STK CL C 38,384 159,147
    AMAZON INC 15,950 16,672
    AMERICAN TOWER CORP 17,602 23,400
    AMGEN INC 29,504 28,121
    APPLE INC COM 28,017 277,009
    AUTOMATIC DATA PROCESSING INC 31,201 47,837
    BAIRD MIDCAP INST 176,276 201,084
    BANK OF AMERICA CORPORATION 19,767 27,094
    BARCLAYS ETN+ SHILLER CAPET 100,891 218,496
    BRISTOL MYERS SQUIBB CO 12,554 12,844
    CVS HEALTH CORP 25,192 26,512
    CAPITAL ONE FINL CORP COM 13,025 29,018
    CARRIER GLOBAL CORPORATION COM 25,165 36,015
    CATERPILLAR INC DEL COM 12,723 43,622
    CHEVRON CORP NEW COM 12,995 14,669
    CISCO SYSTEMS INC 16,097 21,229
    COMCAST CORP CLASS A 12,560 12,381
    CROWN HOLDINGS INC 39,629 45,022
    DANAHER CORP DEL COM 5,080 93,768
    DELTA AIR LINES INC DEL COM NEW 9,813 7,816
    DISNEY WALT CO COM 8,986 27,880
    DOMINION ENERGY INC 14,869 15,869
    DR HORTON 7,800 15,183
    EXXON MOBIL CORP COM 6,482 9,913
    FACEBOOK INC CL A 19,321 50,453
    GILEAD SCIENCES INC COM 6,439 26,866
    GOLDMAN SACHS GROUP INC 19,715 25,631
    HOME DEPOT INC 19,785 29,466
    HONEYWELL INTERNATIONAL INC 16,036 16,472
    ILLINOIS TOOL WKS INC COM 6,749 36,773
    INTEL CORP COM 20,020 22,454
    INTERCONTINENTAL EXCHANGE IN COM 6,207 35,560
    INVESCO S&P 500 EQUAL WEIGHT ETF 117,092 146,638
    ISHARES TR MSCI SMALL CAP 59,144 87,708
    JP MORGAN CHASE & CO COM 19,410 52,256
    JOHNSON & JOHNSON COM 10,516 33,359
    MARSH & MCLENNAN COS INC 17,731 31,288
    MCDONALDS CORP COM 2,654 27,075
    MERCK & CO 15,201 16,094
    METLIFE INC COM 15,504 26,371
    MICROSOFT CORP COM 22,688 238,787
    MICRON TECHNOLOGIES INC 17,115 22,077
    NORFOLK SOUTHERN CORP 15,992 19,351
    PNC FINANCIAL SERVICES GROUP INC 15,483 22,458
    PEPSICO INC 15,944 19,629
    PERKINELMER INC 17,835 24,127
    PRICE T ROWE INSTL INTL FDS EMERG MK EQ FD 70,000 92,410
    PROCTER & GAMBLE CO COM 8,505 37,460
    QUALCOMM INC COM 34,124 104,236
    ROYCE INTERNATIONAL PREMIER 80,795 104,407
    SHERWIN WILLIAMS CO 5,572 14,086
    STARBUCKS CORP 23,578 29,243
    TARGET CORP 27,743 34,022
    THERMO FISHER SCIENTIFIC INC 48,651 70,727
    TRUIST FINANCIAL CORPORATION 18,661 29,275
    US BANCORP 11,926 14,436
    UNITED PARCEL SERVICE INC CL B 12,684 40,725
    UNITEDHEALTH GROUP INC 21,417 33,141
    VALERO ENERGY CORP NEW COM 5,366 7,511
    VANGUARD FTSE DEVELOPED MARKETS ETF 214,108 290,327
    VANGUARD WORLD FDS UTILITIES ETF 25,458 41,446
    VANGUARD WORLD FDS TELCOMM ETF 13,618 33,212
    VANGUARD INTL EQUITY INDEX F MSCI EMR MKT ETF 175,712 242,601
    VANGUARD INDEX FDS MDCAP INDEX ADM 60,000 122,311
    VANGUARD SMALL CAP INDEX FD ADMIRAL SHARES 29,210 144,168
    VERIZON COMMUNICATIONS INC 15,912 14,913
    VISA INC CLASS A SHARES 39,563 40,958
    VULCAN MATERIALS CO 15,635 21,588
    WALMART STORES INC COM 13,946 39,500
    WCM FOCUSED EMERGING MARKETS INSTL 45,000 43,063
    WCM SMALL CAP GROWTH INSTITUTIONAL 115,536 104,956
    ZIMMER BIOMET HLDGS INC COM 14,719 19,056

    TY 2021 InvestmentsOtherSchedule2
    Name:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD SMALL-CAP VALUE INDEX ADMIRAL AT COST 147,315 215,749
    VANGUARD ULTRA SHORT TERM BOND AT COST 92,561 92,561
    VANGUARD GLOBAL EXU S REAL ESTATE ETF AT COST 39,567 38,574
    MINERAL RIGHTS AT COST 26,469 2,815,945

    TY 2021 LegalFeesSchedule
    Name:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 9,900 7,425 0 2,475


    TY 2021 OtherAssetsSchedule
    Name:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ORGANIZATION COST 204 204 204
    OTHER ASSETS 179 179 179


    TY 2021 OtherDecreasesSchedule
    Name:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Description Amount
    UNREALIZED GAIN/LOSS 1,043


    TY 2021 OtherExpensesSchedule
    Name:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 279 209 0 70
    FILING FEES 42 42 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 598,036 598,036  
    CLASS ACTION SETTLEMENTS 9,841 9,841 0
    MISC. INCOME 5,000   5,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 32,544 32,544 0 0
    FOUNDATION MANAGEMENT FEES 30,000 7,500 0 22,500
    CONTRACT LABOR 12,000 0 0 12,000


    TY 2021 TaxesSchedule
    Name:
    WEGENER FOUNDATION INC
    EIN:
    73-6095407
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GROSS PRODUCTION TAX 40,141 40,141 0 0
    FOREIGN TAX 147 147 0 0
    FEDERAL TAXES 2,410 0 0 0