TY 2020 IRS 990 e-File Render
Name:
The Wilhelm and Karl Maybach Foundation
Software Version:
2020v4.0
| Identifier |
Return Reference |
Explanation |
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General Explanation Supplemental Information for Form 990-PF |
Supplemental StatementForm 990-PF, Part VII-B, Lines 1a(3) and 1a(4)Statement Regarding Activities for Which Form 4720 May Be RequiredThe Wilhelm and Karl Maybach Foundation reimbursed Brightline Consulting LLC $68,000 for payroll and health coverage, as well as providing space for an employee that works exclusively for the Foundation. The Foundation avoids having to set up parallel human resources, benefits, employee manuals and procedures, workers comp, etc., it is most cost effective to do it this way. The President is the sole proprietor of Brightline Consulting LLC. |