Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 07-01-2022 , and ending 06-30-2023
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$131,440,853J 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) 869,512
2 Check right arrow.............
3 Interest on savings and temporary cash investments 185,559 185,559  
4 Dividends and interest from securities... 1,610,851 1,610,851  
5a Gross rents............ 13,600 13,600  
b Net rental income or (loss) 13,600
6a Net gain or (loss) from sale of assets not on line 10 4,109,536
b Gross sales price for all assets on line 6a 21,390,460
7 Capital gain net income (from Part IV, line 2)... 4,109,536
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
List of Attached Documents:
// Content
20,870   20,870
12 Total. Add lines 1 through 11........ 6,809,928 5,919,546 20,870
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 65,032 32,516   32,516
14 Other employee salaries and wages...... 553,690 204,705   348,985
15 Pension plans, employee benefits....... 130,093 27,744   102,349
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
14,359 6,233   8,126
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
40,500 40,500    
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
143,835 142,540   1,295
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
48,967 36,782   12,184
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
17,527 9,468 8,798
20 Occupancy.............. 71,661 32,247   39,414
21 Travel, conferences, and meetings....... 24,579 16,386   8,193
22 Printing and publications.......... 612 612    
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
126,455 65,405 17,265 43,786
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,237,310 615,138 26,063 596,848
25 Contributions, gifts, grants paid....... 4,919,697 4,919,697
26 Total expenses and disbursements. Add lines 24 and 25 6,157,007 615,138 26,063 5,516,545
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 652,921
b Net investment income (if negative, enter -0-) 5,304,408
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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......... 10,096,020 3,283,757 3,283,757
3 Accounts receivable right arrow8,356,702
Less: allowance for doubtful accounts right arrow44,300 8,624,375 8,312,402 8,312,402
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 215,447 82,273 82,273
10a Investments—U.S. and state government obligations (attach schedule) 13,650 Click to see attachment
List of Attached Documents:
// Content
731,574 		731,574
b Investments—corporate stock (attach schedule)....... 89,132,109 Click to see attachment
List of Attached Documents:
// Content
97,894,514 		97,894,514
c Investments—corporate bonds (attach schedule)....... 73,086 Click to see attachment
List of Attached Documents:
// Content
62,354 		62,354
11 Investments—land, buildings, and equipment: basis right arrow1,036,904
Less: accumulated depreciation (attach schedule) right arrow317,508 724,116 Click to see attachment
List of Attached Documents:
// Content
719,396 		13,015,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,948,500 Click to see attachment
List of Attached Documents:
// Content
3,948,500 		3,948,500
14 Land, buildings, and equipment: basis right arrow2,771,651
Less: accumulated depreciation (attach schedule) right arrow278,549 664,117 Click to see attachment
List of Attached Documents:
// Content
2,493,102 		1,797,479
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,610,882 		Click to see attachment
List of Attached Documents:
// Content
1,610,882 		Click to see attachment
List of Attached Documents:
// Content
2,313,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 115,102,302 119,138,754 131,440,853
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
28,612,136 		Click to see attachment
List of Attached Documents:
// Content
23,908,834
23 Total liabilities (add lines 17 through 22)......... 28,612,136 23,908,834
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........   739
25 Net assets with donor restrictions............ 86,490,166 95,229,181
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 86,490,166 95,229,920
30 Total liabilities and net assets/fund balances (see instructions). 115,102,302 119,138,754
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
86,490,166
2
Enter amount from Part I, line 27a .....................
2
652,921
3
Other increases not included in line 2 (itemize) right arrow
3
8,086,833
4
Add lines 1, 2, and 3 ..........................
4
95,229,920
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
95,229,920
Form 990-PF (2022)
Form 990-PF (2022)
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 ENTERGIS INC P 2021-11-18 2022-08-15
b 1,757.921 TETON WESTWOOD MIGHTY MI P 2018-11-28 2022-07-11
c 10,671.147 WALTHAUSEN SMAIL CAP VA P 2014-12-23 2022-12-27
d 39,607.529 WALTHAUSEN SMAIL CAP VA P 2021-12-23 2022-12-27
e BANK OF AMERICA P 2021-05-24 2022-10-07
2,008.018 TETON WESTWOOD MIGHTY MI P 2019-11-26 2022-07-11
5,142.912 WALTHAUSEN SMAIL CAP VAL P 2014-12-23 2022-12-27
54,244.651 WALTHAUSEN SMAIL CAP VA P 2021-12-23 2022-12-27
SYNOPSYS INC P 2021-05-24 2022-10-07
5,088.304 TETON WESTWOOD MIGHTY MI P 2020-11-20 2022-07-11
25,564.968 WALTHAUSEN SMAIL CAP VA P 2014-12-23 2022-12-27
178,181.818 GQG PARTNERS GLOBAL QU P 2020-11-05 2023-02-10
STRYKER COPR P 2016-04-28 2022-11-18
58.302 TETON WESTWOOD MIGHTY MITES P 2021-11-26 2022-07-11
6,749.849 WALTHAUSEN SMAIL CAP VAL P 2014-12-23 2022-12-27
38,051.750 VANGUARD VALUE INDEX FD P 2016-10-27 2023-05-26
LULULEMON ATHLETICA P 2020-05-22 2023-01-31
292.719 TETON WESTWOOD MIGHTY MITE P 2021-11-26 2022-07-11
15,614.416 WALTHAUSEN SMAIL CAP VA P 2015-12-23 2022-12-27
US DOLLAR FX FOR JAPANESE YEN P 2015-06-16 2023-06-07
CATERPILLAR INC P 2020-09-10 2023-02-09
8,346.708 TETON WESTWOOD MIGHTY MI P 2021-11-26 2022-07-11
1,277.691 WALTHAUSEN SMAIL CAP VAL P 2015-12-23 2022-12-27
174,748.377 DWS RREEF REAL ASSETS P 2021-09-29 2023-06-13
FIRST REPUBLIC BANK P 2019-02-21 2023-03-13
72,358.900 STERLING CAPITAL EQUITY P 2017-08-14 2022-11-22
528.864 WALTHAUSEN SMAIL CAP VALUE P 2015-12-23 2022-12-27
2,592.590 DWS RREEF REAL ASSETS FU P 2021-12-17 2023-06-13
DOVER CORP P 2019-11-13 2023-05-12
US DOLLAR FX FOR JAPANESE YEN P 2015-06-16 2022-12-06
5,242.120 WALTHAUSEN SMAIL CAP VAL P 2016-12-23 2022-12-27
5,097.225 DWS RREEF REAL ASSETS FU P 2022-06-23 2023-06-13
CIENA CORP P 2020-05-22 2023-06-12
214.244 WALTHAUSEN SMAIL CAP VALUE P 2011-02-24 2022-12-27
104.425 WALTHAUSEN SMAIL CAP VALUE P 2016-12-23 2022-12-27
2,788.978 DWS RREEF REAL ASSETS FU P 2022-12-19 2023-06-13
OREILLY AUTOMOTIVE P 2022-06-03 2023-06-12
1,148.181 WALTHAUSEN SMAIL CAP VAL P 2011-12-28 2022-12-27
9,553.016 WALTHAUSEN SMAIL CAP VAL P 2017-12-21 2022-12-27
90,328.510 FIDELITY TREASURY ONLY P 2022-12-23 2023-06-15
44,759.500 PRIMECAP ODYSSEY AGGRES P 2011-02-24 2022-07-11
1,875.838 WALTHAUSEN SMAIL CAP VAL P 2011-12-28 2022-12-27
29,495.286 WALTHAUSEN SMAIL CAP VA P 2018-12-20 2022-12-27
2,300.000 NEC CORP - US DOLLAR FX P 2007-11-13 2023-06-23
40,169.803 TETON WESTWOOD MIGHTY M P 2015-11-10 2022-07-11
107,936.508 WALTHAUSEN SMAIL CAP V P 2012-06-21 2022-12-27
289.004 WALTHAUSEN SMAIL CAP VALUE P 2019-12-20 2022-12-27
2,300.000 NEC CORP - US DOLLAR FX P 2015-06-30 2023-06-23
2,569.324 TETON WESTWOOD MIGHTY MI P 2015-11-24 2022-07-11
11,207.863 WALTHAUSEN SMAIL CAP VA P 2012-12-21 2022-12-27
4,572.586 WALTHAUSEN SMAIL CAP VAL P 2019-12-20 2022-12-27
1,977.950 TETON WESTWOOD MIGHTY MI P 2016-11-28 2022-07-11
416.747 WALTHAUSEN SMAIL CAP VALUE P 2012-12-21 2022-12-27
2,833.515 WALTHAUSEN SMAIL CAP VAL P 2020-12-23 2022-12-27
2,801.174 TETON WESTWOOD MIGHTY MI P 2017-11-28 2022-07-11
331.429 WALTHAUSEN SMAIL CAP VALUE P 2012-12-21 2022-12-27
1,558.901 WALTHAUSEN SMAIL CAP VAL P 2021-12-23 2022-12-27
(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 70,038   101,768 -31,730
b 40,695   46,093 -5,398
c 153,344   258,562 -105,218
d 569,158   749,374 -180,216
e 125,773   174,549 -48,776
46,485   52,992 -6,507
73,903   124,613 -50,710
779,493   1,026,309 -246,816
67,891   54,743 13,148
117,793   123,595 -5,802
367,367   562,941 -195,574
2,450,000   2,341,309 108,691
133,282   65,853 67,429
1,350   1,635 -285
96,995   148,632 -51,637
1,999,983   1,281,972 718,011
149,767   132,171 17,596
6,776   8,208 -1,432
224,378   279,810 -55,432
759   771 -12
247,157   150,067 97,090
193,224   234,042 -40,818
18,360   22,896 -4,536
1,922,232   2,152,900 -230,668
33,151   112,024 -78,873
1,999,983   1,444,228 555,755
7,600   9,477 -1,877
28,518   32,433 -3,915
151,797   120,309 31,488
788   788  
75,329   118,472 -43,143
56,069   59,587 -3,518
97,893   126,445 -28,552
3,079   10,261 -7,182
1,501   2,360 -859
30,679   31,069 -390
27,162   20,493 6,669
16,499   16,959 -460
137,276   227,171 -89,895
90,329   90,329  
1,808,583   764,117 1,044,466
26,956   27,706 -750
423,846   489,327 -65,481
112,224   105,668 6,556
929,920   956,856 -26,936
1,551,042   1,700,000 -148,958
4,153   5,757 -1,604
225,336   119,668 105,668
59,479   60,122 -643
161,056   211,829 -50,773
65,708   91,086 -25,378
45,789   50,932 -5,143
5,989   7,877 -1,888
40,717   55,225 -14,508
64,846   80,786 -15,940
4,763   6,264 -1,501
22,401   29,494 -7,093
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       -31,730
b       -5,398
c       -105,218
d       -180,216
e       -48,776
      -6,507
      -50,710
      -246,816
      13,148
      -5,802
      -195,574
      108,691
      67,429
      -285
      -51,637
      718,011
      17,596
      -1,432
      -55,432
      -12
      97,090
      -40,818
      -4,536
      -230,668
      -78,873
      555,755
      -1,877
      -3,915
      31,488
       
      -43,143
      -3,518
      -28,552
      -7,182
      -859
      -390
      6,669
      -460
      -89,895
       
      1,044,466
      -750
      -65,481
      6,556
      -26,936
      -148,958
      -1,604
      105,668
      -643
      -50,773
      -25,378
      -5,143
      -1,888
      -14,508
      -15,940
      -1,501
      -7,093
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 4,109,536
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 -78,173
Form 990-PF (2022)
Form 990-PF (2022)
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 right arrow 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) 1 73,731
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 73,731
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 73,731
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 74,353
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 74,353
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 622
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow622 Refundedright arrow 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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrow
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowWWW.WHITNEYBENEFITS.ORG
14
The books are in care ofright arrowERIN KILBRIDE Telephone no.right arrow (307) 674-7303

Located atright arrowPO BOX 5085SHERIDANWY ZIP+4right arrow82801
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
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
551 STATE HIGHWAY 345
PARKMAN,WY82838
PAMELA PELDO DIRECTOR
2.00 		0 0 0
2266 PHEASANT DRAW RD
SHERIDAN,WY82801
ERIN KILBRIDE EXECUTIVE DI
40.00 		65,032 5,459 0
PO BOX 1035
DAYTON,WY82836
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 		126,245 14,592  
1516 YONKEE AVE
SHERIDAN,WY82801
JANET BARNES COORDINATOR
40.00 		77,968 9,128  
39 JEWEL ROAD
SHERIDAN,WY82801
JENNIFER DESTEFANO STUDENT LOAN
40.00 		70,282 8,141  
1882 FAIRWAY LANE
SHERIDAN,WY82801
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
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.............right arrow  
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 2022 - JUNE 2023 PER PROGRAM REQUIREMENTS 1,468,326
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow1,468,326
Form 990-PF (2022)
Form 990-PF (2022)
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
93,745,027
b
Average of monthly cash balances.......................
1b
5,875,774
c
Fair market value of all other assets (see instructions)................
1c
6,395,576
d
Total (add lines 1a, b, and c).........................
1d
106,016,377
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
106,016,377
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,590,246
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
104,426,131
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,221,307
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
5,221,307
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
73,731
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
73,731
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,147,576
4
Recoveries of amounts treated as qualifying distributions................
4
1,759,022
5
Add lines 3 and 4............................
5
6,906,598
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
6,906,598
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
5,516,545
b
Program-related investments—total from Part VIII-B..................
1b
1,468,326
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
6,984,871
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 6,906,598
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 29,134
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 6,984,871
a Applied to 2021, but not more than line 2a 29,134
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 2022 distributable amount..... 6,906,598
e Remaining amount distributed out of corpus 49,139
5 Excess distributions carryover applied to 2022.    
(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 49,139
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		49,139
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022.... 49,139
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 right arrow
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 (2022)
Form 990-PF (2022)
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 - AGRICULTURAL PROGRAM 306,008

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - FACULTY MACHINE TOOL 136,004

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - FACULTY WELDING 136,004

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - FACULTY DIESEL TECHNOLOGY 136,004

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - FACULTY GENERAL ARTS/VISUAL 284,247

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - CNA PROGRAM 18,002

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - MUSIC/MUSIC RECRUITING 231,206

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - MARKTING PROGRAM 190,405

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - RECRUTING PROGRAM 122,403

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - MENTORING PROGRAM 163,204

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - VISUAL ARTS, PERFORMING ART 2,131,210

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - ARTS PROGRAM 136,003

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - CODING COMPUTER PROGRAM 108,011

SHERIDAN COLLEGE

3059 COFFEEN AVE
SHERIDAN,WY82801 		NONE PC ASSIST - ADVANCED MANUFACTURING EQUI 464,000

SHERIDAN COMMUNITY

PO BOX 5085
SHERIDAN,WY82801 		NONE PC PARK RESRVOIR SHARES 4,789

SHERIDAN COMMUNITY

PO BOX 5085
SHERIDAN,WY82801 		NONE PC STUDENT LOAN DISCOUNTS TO BALANCE 30,893

WHITNEY COMMONS

326 ALGER STREET
SHERIDAN,WY82801 		ASSET OF ORG PC EQUIPMENT AND IMPROVEMENTS 37,304
Total .................................right arrow 3a 4,919,697
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
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 ........... 		    14 185,559  
4 Dividends and interest from securities ....     14 1,610,851  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 13,600  
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 4,109,536  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    3 2,042  
bCONTRACT LABOR INCOME     16 18,828  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   5,940,416  
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,940,416
(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 (2022)
Form 990-PF (2022)
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 44,504 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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
WHITNEY BENEFITS INC
AND SUBSIDIARY
Employer identification number

83-0168511
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
WHITNEY BENEFITS INC
AND SUBSIDIARY 		Employer identification number
83-0168511
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
EAW INC
PO BOX 5085
 
SHERIDAN, WY82801

$ 869,512


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
WHITNEY BENEFITS INC
AND SUBSIDIARY 		Employer identification number

83-0168511
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
WHITNEY BENEFITS INC
AND SUBSIDIARY 		Employer identification number

83-0168511
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
WHITNEY BENEFITS INC
 
AND SUBSIDIARY
EIN:
83-0168511
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  40,500 40,500    

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

TY 2022 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 4,987 S/L 15.0000 398 199 199  
SUITE 1-W PANEL FOR OFFICE 2010-02-11 950 789 S/L 15.0000 63 32 31  
SUITE 1-TILE BATHROOM 2010-02-23 11,785 9,823 S/L 15.0000 786 393 393  
SUITE 1-OFFICE BUILDING 2012-06-21 524,864 135,142 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        
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% 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% 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% 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% MARANTZ PORTABLE 2012-01-30 1,110 555 S/L 7.0000        
50% 5 LICENSE ADOBE 2012-04-04 2,245 1,123 S/L 3.0000        
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% SHARP OFFICE COPY MACHINE 2015-09-14 8,557 4,583 S/L 7.0000 102 51 51  
50% COMPUTER SERVER 2018-02-19 3,324 2,106 S/L 5.0000 221 111 110  
50% COMPUTERS 2019-05-08 2,250 1,418 S/L 5.0000 225 113 112  
50% 4HP PRODESK COMPUTERS 2019-07-23 2,171 651 S/L 5.0000 217 109 108  
50% SPEAKER SYSTEM 2019-11-12 2,700 810 S/L 5.0000 270 135 135  
50% - EBIA SOUNDS SYSTEM IN BOARD ROOM 2020-10-21 5,343 636 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              
SEWER & WATER TAP 2020-04-02 9,990 1,457 S/L 15.0000 666 666    
MASTER PLAN 2021-07-01 8,025              
DELL LATITUDE LAPTOP 2021-09-27 1,152 173 S/L 5.0000 115 115 115  
BOARD ROOM CAMERA 2021-10-05 2,672 401 S/L 5.0000 267 267 267  
AUDIO IMPROVEMENTS BOARD ROOM 2021-10-27 3,174 302 S/L 7.0000 227 227 227  
SPEAKER SYSTEM - BOARD ROOM 2021-12-10 420 35 S/L 7.0000 30 30 30  
1600 SOLUTIONS WAY 2023-03-22 1,680,175              
WATER RIGHTS AND IMPROVEMENTS 2023-06-30 161,659   S/L 15.0000        
PTOLEMY DATA UPGRADES 2022-10-31 2,098   S/L 7.0000 100 100 100  
SECURITY UPGRADE 2023-06-19 1,750   S/L 7.0000        

TY 2022 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 62,354 62,354

TY 2022 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 97,894,514 97,894,514

TY 2022 InvestmentsGovtObligationsSch
Name:
WHITNEY BENEFITS INC
 
AND SUBSIDIARY
EIN:
83-0168511
US Government Securities - End of Year Book Value:

731,574
US Government Securities - End of Year Fair Market Value:

731,574
State & Local Government Securities - End of Year Book Value:


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


 


TY 2022 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
  1,036,904 317,508 719,396 13,015,000

TY 2022 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 2022 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
  850,167 278,549 571,618 1,797,479
  1,921,484   1,921,484  


TY 2022 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 13,893 6,233   7,660
DAVIS AND CANNON 325     325
IRELAND STAPLETON PRYOR 141     141


TY 2022 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 1,610,882 1,610,882 2,313,000
BENEFICIAL INTEREST IN TRUST      


TY 2022 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
EXPENSES        
ADVERTISING 9,344 4,672   4,672
BAD DEBT EXPENSE -4,700 -2,350   -2,350
BANK SERVICE CHARGES 486 243   243
COLLECTIONS 1,272 636   636
CREDIT REPORTS 3,427 1,714   1,713
DUES & SUBSCRIPTIONS 1,001 501   500
EXPENSES 990-T 17,265   17,265  
INSURANCE 37,865 37,865    
POSTAGE 4,503 2,252   2,251
SUPPLIES 10,814 5,407   5,407
TECHNOLOGY EXPENSE 33,760 10,346   23,414
TELEPHONE 7,903 2,986   4,918
UNIFORMS 2,382     2,382
MISCELLANEOUS 54 54    
INVESTMENT DEPRECIATION 1,079 1,079    


TY 2022 OtherIncomeSchedule2
Name:
WHITNEY BENEFITS INC
 
AND SUBSIDIARY
EIN:
83-0168511
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 2,042   2,042
CONTRACT LABOR INCOME 18,828   18,828


TY 2022 OtherLiabilitiesSchedule
Name:
WHITNEY BENEFITS INC
 
AND SUBSIDIARY
EIN:
83-0168511
Description Beginning of Year - Book Value End of Year - Book Value
CURRENT LIABILITIES 337,765 35,803
CREDIT CARD PAYABLE 2,789 2,764
ACCRUED COMPENSATED ABSENCES 41,632 22,978
DISTRIBUTIONS PAYABLE 3,780,210 3,516,651
LONG-TERM COMMITMENTS 24,449,740 20,330,638


TY 2022 OtherProfessionalFeesSchedule
Name:
WHITNEY BENEFITS INC
 
AND SUBSIDIARY
EIN:
83-0168511
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISORY FEES-FRONTIER ASSET 90,000 90,000    
ADVISORY FEES-CONGRESS 27,867 27,867    
FARMER & BETTS INC 2,590 1,295   1,295
SHERIDAN PRESS        
CARTER-ISAKSON        
CENTRAL PRODUCTS        
BLACKBAUD        
RANDAL ENGINEERING        
JANET BARNES - NOTARY        
SHERIDAN COMPUTER        
SHERIDAN COUNTY CLERK 30 30    
WINSOR FIREFORM LLC        
PCS 4,598 4,598    
SAMUEL WESTERN        
HOLTHOUSE APPRAISAL GROUP        
PEAK CONSULTING 18,750 18,750    


TY 2022 TaxesSchedule
Name:
WHITNEY BENEFITS INC
 
AND SUBSIDIARY
EIN:
83-0168511
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAXES - FOREIGN 532 531    
TAXES - GENERAL 610 305   305
PAYROLL TAXES 47,825 35,946   11,879