Nonprofit · EIN 86-3249698
WPS2 FUND
Tax-exempt · BENTONVILLE, AR 72712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,114,380 | $4,962,345 | -$3,847,965 | $262,754,515 | $0 | $262,754,515 |
| December 31, 2023 | 990 | $915,804 | $5,181,531 | -$4,265,727 | $266,602,480 | $0 | $266,602,480 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,114,380
- Net gain from sales of assets
- -$25,191
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,620
- Accounting fees
- $6,134
- Program services (functional)
- $4,945,296
- Management and general (functional)
- $17,049
Balance sheet and other
- Total assets, start of year
- $266,602,480
- Total assets, end of year
- $262,754,515
- Total liabilities, end of year
- $0
- Net assets, end of year
- $262,754,515
- Publicly traded securities
- $26,255,614
- Gross receipts
- $11,138,628
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BUDDY D PHILPOT | DIRECTOR, PRESIDENT (UNTIL 10/14/24), TREASURER (FROM 10/14/24) Trustee or director, Officer | 0.5 | $0 |
| MARC HOLLEY | DIRECTOR, PRESIDENT (FROM 10/14/24) Trustee or director, Officer | 0.5 | $0 |
| ERRON SMITH | SECRETARY Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BUDDY D PHILPOT | DIRECTOR, PRESIDENT, TREASURER Trustee or director, Officer | 0.5 | $0 |
| ELIZA ERICKSON | DIRECTOR (UNTIL 10/15/23) Trustee or director | 0.5 | $0 |
| MARC HOLLEY | DIRECTOR (FROM 10/15/23) Trustee or director | 0.5 | $0 |
| ERRON SMITH | SECRETARY Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1860, BENTONVILLE, AR 72712-1860
- In care of
- % BUDDY PHILPOT
- Principal officer (990 for 2024)
- Marc Holley, PO Box 1860, Bentonville, AR 72712
- Signed the 990
- Marc Holley, President
- Phone
- (479) 464-1500
- Return prepared by
- WALTON ENTERPRISES LLC
Mission
WPS2 Fund is organized, and shall be operated exclusively, for civic and social welfare purposes. In particular, the purpose of the Corporation is to support innovations and reforms to improve public and private K-12 education for the benefit of all students. The Corporation will support and foster such innovations and reforms through mission-related investments, grants to nonprofit organizations, and conducting such other activities as determined by the Corporation's Board of Directors.
Program accomplishments
- To make education impact and social impact investments in enterprises to support education innovation for K-12 public and private schools. Education impact investments are equity or debt investments in enterprises producing innovative materials, curricula, models, systems, technologies and other items designed to improve K-12 education by creating and expanding methods, products, services and opportunities to help what students learn, where they learn and how they learn.Expenses $4,945,296
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3249698
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B01)
- Assets (IRS master file)
- $337,489,546
- Income (IRS master file)
- $173,516,242
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,114,380 | $4,962,345 | $262,754,515 | XML |
| 990 | December 2023 | $915,804 | $5,181,531 | $266,602,480 | XML |
| 990 | December 2022 | $276,082,637 | $5,358,913 | $270,868,207 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3249698).
Questions about WPS2 FUND
- What is the EIN of WPS2 FUND?
- The employer identification number (EIN) of WPS2 FUND is 86-3249698.
- Is WPS2 FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2021.
- Are donations to WPS2 FUND tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WPS2 FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WPS2 FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WPS2 FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WPS2 FUND?
- The 990 for the year ended December 31, 2024 names Marc Holley.
- Who are the officers and directors of WPS2 FUND?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does WPS2 FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,114,380, expenses of $4,962,345 and total assets of $262,754,515 at year end.
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