0001145549-20-039063.txt : 20200727 0001145549-20-039063.hdr.sgml : 20200727 20200630101110 ACCESSION NUMBER: 0001145549-20-039063 CONFORMED SUBMISSION TYPE: NT N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200629 DATE AS OF CHANGE: 20200630 EFFECTIVENESS DATE: 20200630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Wildermuth Endowment Fund CENTRAL INDEX KEY: 0001586009 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22888 FILM NUMBER: 201000854 BUSINESS ADDRESS: STREET 1: 818 A1A HWY STREET 2: SUITE 301 CITY: PONTE VEDRA BEACH STATE: FL ZIP: 32082 BUSINESS PHONE: (678) 222-1100 MAIL ADDRESS: STREET 1: 818 A1A HWY STREET 2: SUITE 301 CITY: PONTE VEDRA BEACH STATE: FL ZIP: 32082 FORMER COMPANY: FORMER CONFORMED NAME: Wildermuth Endowment Strategy Fund DATE OF NAME CHANGE: 20130905 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001586009 XXXXXXXX true false false N-2 Wildermuth Endowment Fund 811-22888 0001586009 549300UF17FOV1WHN689 818 A1A Highway Suite 301 Ponte Vedra Beach 32082 US-FL US 8884456032 UMB FUND SERVICES, INC. 235 WEST GALENA STREET MILWAUKEE 53212 4142992000 TRANSFER AGENT, FUND ACCOUNTANT, AND ADMINISTRATOR WILDERMUTH ADVISORY, LLC 818 A1A Highway Suite 301 Ponte Vedra Beach 32082 6782221100 ADVISER N N N N-2 Y DANIEL WILDERMUTH 001728318 Y CAROL WILDERMUTH 001555730 Y ANTHONY LEWIS N/A N R. MARTEL DAY 001396472 N RANDALL D. FRETZ N/A N Bernadette Murphy N/A 223 Wilmington West Chester Pike Suite 216 Chadds Ford 19317 XXXXXX N N N N N N WILDERMUTH SECURITIES, LLC 8-69943 000288416 N/A N UMB DISTRIBUTION SERVICES, LLC 8-42106 000025938 N/A N N RSM (US) LLP 00049 DK9QUZ08A30CNM0QWM05 N Y N N N Wildermuth Endowment Fund 549300UF17FOV1WHN689 N Interval Fund Y N N N N/A N/A N/A Rule 17e-1 (17 CFR 270.17e-1) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N WILDERMUTH ADVISORY, LLC 801-78820 000169354 N/A N UMB FUND SERVICES, INC. 84-05792 N/A N N N INTERCONTINENTAL EXCHANGE, INC. 5493000F4ZO33MV32P92 N VALUATION RESEARCH CORPORATION 39-1214928 FEDERAL ID N Y UMB BANK, NATIONAL ASSOCIATION VNOO6EITDJ2YUEBMSZ83 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N WILDERMUTH ADVISORY, LLC 801-78820 SEC File Number Y N N UMB FUND SERVICES, INC. 84-05792 SEC File Number N N N COWEN AND COMPANY, LLC 8-22522 000007616 549300WR155U7DVMIW58 27181.000000000000 27181.000000000000 0.000000000000 N 149167060.000000000000 Common stock Class A Shares of Beneficial Interest Common stock Class C Shares of Beneficial Interest Common stock Class I Shares of Beneficial Interest N N Common stock N N N 1.500000000000 2.500000000000 14.620000000000 13.780000000000 true INTERNAL CONTROL RPT 2 fp0054923_g1aiii.htm INTERNAL CONTROL

Report of Independent Registered Public Accounting Firm

Board of Trustees and Shareholders

Wildermuth Endowment Fund

In planning and performing our audit of the financial statements of Wildermuth Endowment Fund (the Fund) as of and for the year ended December 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (a) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (b) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (c) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we identified the following deficiencies in internal control over financial reporting that we consider to be material weaknesses, as defined above. These conditions were considered in determining the nature, timing, and extent of the procedures performed in our audit of the financial statements of the Fund as of and for the year ended December 31, 2019, and this report does not affect our report thereon dated June 29, 2020.

We noted that procedures in place to determine the value of certain securities classified as Level 3 in the Fund’s valuation hierarchy, including the use of valuation inputs, recording of investment transactions and accurate application of valuation methods were not designed effectively to prevent a material misstatement. In addition, the detective and preventative controls surrounding the review of the investment valuation and recognition of income were not operating with a level of precision to ensure errors would be detected.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/RSM US LLP

Boston, Massachusetts

June 29, 2020