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. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
577 FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)577 EAST FRONT STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PERRYSBURG, OH43551
A Employer identification number

34-1591869
B Telephone number (see instructions)

(419) 872-0305
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$2,274,843J 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) 681,779
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 5,810 5,810 5,810
5a Gross rents............ 35,300 35,300 35,300
b Net rental income or (loss) 35,300
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 29,195
b Gross sales price for all assets on line 6a 133,700
7 Capital gain net income (from Part IV, line 2)...  
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 173,584   173,584
12 Total. Add lines 1 through 11........ 925,668 41,110 214,694
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 77,500     77,500
14 Other employee salaries and wages...... 325,666     325,666
15 Pension plans, employee benefits....... 104,807     104,807
16a Legal fees (attach schedule)......... Click to see attachment 4,292     4,292
b Accounting fees (attach schedule)....... Click to see attachment 12,997     12,997
c Other professional fees (attach schedule).... Click to see attachment 9,482     9,482
17 Interest............... 3,427 3,427 3,427  
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,306 10,081 10,081 225
19 Depreciation (attach schedule) and depletion... Click to see attachment 114,359 10,617 10,617
20 Occupancy.............. 30,195 19,494 19,494 10,701
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 195,400 7,754 171,075 15,904
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 888,431 51,373 214,694 561,574
25 Contributions, gifts, grants paid....... 15,195 15,195
26 Total expenses and disbursements. Add lines 24 and 25 903,626 51,373 214,694 576,769
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 22,042
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 89,340 150,427 150,427
2 Savings and temporary cash investments......... 46,512 147,978 147,978
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) 49,661 Click to see attachment24,969 24,969
b Investments—corporate stock (attach schedule)....... 151,083 Click to see attachment160,798 160,798
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet4,025,741
Less: accumulated depreciation (attach schedule) bullet2,235,070 1,950,509 Click to see attachment1,790,671 1,790,671
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,287,105 2,274,843 2,274,843
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)...... 342,752 Click to see attachment309,991
22 Other liabilities (describe bullet) Click to see attachment3,250 Click to see attachment3,250
23 Total liabilities (add lines 17 through 22)......... 346,002 313,241
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 1,941,103 1,961,602
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 1,941,103 1,961,602
31 Total liabilities and net assets/fund balances (see instructions). 2,287,105 2,274,843
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,941,103
2
Enter amount from Part I, line 27a .....................
2
22,042
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,963,145
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,543
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,961,602
Form 990-PF (2018)
Form 990-PF (2018)
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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  
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  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 581,121 773,359 0.751425
2016 566,699 783,444 0.723343
2015 533,904 782,336 0.682448
2014 521,768 779,694 0.669196
2013 494,011 2,508,666 0.196922
2
Total of line 1, column (d) .....................
2
3.023334
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.604667
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
785,040
5
Multiply line 4 by line 3......................
5
474,688
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
474,688
8
Enter qualifying distributions from Part XII, line 4,.............
8
576,769
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
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 includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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  
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  
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a  
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  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-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 Instructions
for 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
     
    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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOH
    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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    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 (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-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
     
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletHTTP://WWW.577FOUNDATION.ORG
    14
    The books are in care ofbulletLISA WEBER Telephone no.bullet (419) 872-0305

    Located atbullet557 E FRONT STREETPERRYSBURGOH ZIP+4bullet43551
    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 2018, 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 VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
     
    No
    ........bullet
    c
    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 2018?.............
    1c
     
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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?......................
    b
    If "Yes," did it have excess business holdings in 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    c
    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?..........
    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?.....................
    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?
    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? .................
    Part VIII
    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
    CHUCK A STOCKING V. PRESIDENT
    0.50     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    CLINT A MAUK TRUSTEE
    0.50     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    FRANCES PARRY VICE PRESIDE
    0.50     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    DICK SIPP PRESIDENT
    1.00     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    MICHAEL MILLER TRUSTEE
    0.50     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    JULIE B HIGGINS TRUSTEE
    0.50     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    KITTY BETH MILLHON TRUSTEE
    0.50     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    MARTIN W NAGY TRUSTEE
    0.50     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    HEATHER GALLANT EXEC. DIR.
    40.00     		77,500 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    PAUL FENTON TRUSTEE
    0.50     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    PETER D GWYN SECRETARY
    0.50     		0 0 0
    C/O 577 E FRONT ST
    PERRYSBURG,OH43551
    WALTER KRUEGER TRUSTEE
    0.50     		0 0 0
    C/O 577 E FRONT S
    PERRYSBURG,OH43551
    PAUL CROY TREASURER
    1.00     		0 0 0
    577 E FRONT ST
    PERRYSBURG,OH43551
    MARY STRANAHAN TRUSTEE
    0.50     		0 0 0
    577 E FRONT ST
    PERRYSBURG,OH43551
    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 3
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    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.............bullet  
    Part IX-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 SCHEDULED EVENTS - 3,498 ADULTS AND 618 YOUTH & FAMILY PARTICIPATED 60,647
    2 POTTERY CLASSES - 3,241 ADULTS AND 767 YOUTH AND FAMILY PARTICIPATED 13,138
    3 CLASSES OTHER THAN POTTERY -- 1,782 ADULTS AND 144 YOUTH AND FAMILY PARTICIPATED 3,524
    4 TOURS - 766 ADULTS AND 1,578 YOUTH AND FAMILY PARTICIPATED 6,462
    Part IX-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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    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
    193,255
    b
    Average of monthly cash balances.......................
    1b
    97,244
    c
    Fair market value of all other assets (see instructions)................
    1c
    506,496
    d
    Total (add lines 1a, b, and c).........................
    1d
    796,995
    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
    796,995
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    11,955
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    785,040
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    39,252
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    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
    576,769
    b
    Program-related investments—total from Part IX-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 V, line 8, and Part XIII, line 4
    4
    576,769
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    576,769
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 576,769
    a Applied to 2017, but not more than line 2a  
    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 2018 distributable amount.....  
    e Remaining amount distributed out of corpus 576,769
    5 Excess distributions carryover applied to 2018.    
    (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 5 576,769
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    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 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
    0       0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		576,769 581,121 566,699 533,904 2,258,493
    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 ....     		576,769 581,121 566,699 533,904 2,258,493
    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 X, line 6 for each year listed...     		26,168 25,779 26,115 26,078 104,140
    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 XV
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    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
    READ FOR LITERACY
    325 N MICHIGAN
    TOLEDO,OH43624     		    CHARITY 6,695
    Total .................................bullet 3a 6,695
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-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....     14 5,810  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 33,800  
    bNot debt-financed property.....     16 1,500  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        29,195
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPROGRAM FEES     		    6 173,514  
    bMISC INCOME     6 70  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   214,694 29,195
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    243,889
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-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 XVI-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 (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    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 instr.)?
    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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    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
    2018
    Name of the organization
    577 FOUNDATION
     
    Employer identification number

    34-1591869
    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, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    577 FOUNDATION
          		Employer identification number
    34-1591869
    Part I
    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
    TCF SECOR FUND
     
    608 MADSION AVE
     
    TOLEDO, OH43604

    		$ 598,430


    (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, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    577 FOUNDATION
          		Employer identification number

    34-1591869
    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, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    577 FOUNDATION
          		Employer identification number

    34-1591869
    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, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 12,997     12,997

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    TY 2018 AmortizationSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    WEB SITE DEVELOPMENT 2004-12-01 975 975 3.0000       975

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    TY 2018 DepreciationSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    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
    16 POTTERS STOOLS 2005-03-09 480 480 200DB 7.0000        
    1993 CLUB GO 1997-06-01 1,300 1,300 S/L 5.0000        
    2 ALUMINUM TABLE 2005-05-19 862 862 200DB 7.0000        
    2 POTTERY WHEELS 2005-03-09 1,540 1,540 200DB 7.0000        
    2009 GMC TRUCK 2011-04-25 13,473 13,473 S/L 5.0000        
    3 ENTRANCES 2000-08-23 1,304 1,304 S/L 7.0000        
    4 LED PARKING LOT POLES & LIGHTS 2009-12-16 5,385 2,872 S/L 15.0000 359      
    550 W - AMISH FURNITURE 2007-02-22 2,507 2,507 S/L 7.0000        
    550 W - IMPROVEMENTS 1996-10-01 72,427 48,835 S/L 31.5000 1,533 1,533 1,533  
    550 W - REMODEL 2003-07-01 14,717 6,884 S/L 31.0000 316 316 316  
    550 W - REMODEL BATH 2000-12-31 3,419 1,875 S/L 31.0000 74 74 74  
    550 W - VINYL SIDING 1998-06-01 13,167 7,959 S/L 31.5000 279 279 279  
    550 W-- LAND 1996-10-01 17,573              
    550 W. 2ND SEWER SEPARATION 2010-03-31 6,083 1,497 S/L 31.5000 128 128 128  
    550 W. SECOND ASPHALT DRIVEWAY 2011-10-12 3,266 648 S/L 31.5000 69 69 69  
    550 W. SECOND ROOF 2009-07-08 5,550 1,498 S/L 31.5000 117 117 117  
    6 OUTDOOR PVC HAND DRUMS 2005-02-09 1,225 1,225 200DB 7.0000        
    8 STACK ARM CHAIRS 2005-05-19 1,742 1,742 200DB 7.0000        
    AMISH 48" ROUND DAISY TABLES POLY(2) 2006-03-01 664 664 200DB 7.0000        
    AMISH ADIRONDACK DOUBLE GLIDERS(4) 2006-03-01 1,292 1,292 200DB 7.0000        
    AMISH GARDERN BENCHS POLY(2) 2006-03-01 394 394 200DB 7.0000        
    AMISH OUTDOOR POLY CHAIRS(8) 2006-03-01 1,000 1,000 200DB 7.0000        
    ARCHITECTUAL 1998-12-31 11,450 6,906 S/L 31.5000 364      
    ARM CHAIRS 2002-03-30 1,084 1,084 S/L 7.0000        
    BARN SHUTTER 2000-08-31 947 530 S/L 31.0000 30      
    BEQUEST OF M 1998-12-31 1,145,000 690,635 S/L 31.5000 36,349      
    BIODOME 1988-11-10 28,867 28,867 S/L 10.0000        
    BIODOME RENOVATION 2004-08-01 70,617 70,617 S/L 10.0000        
    BLUE PRINTS 2000-03-22 3,900 1,775 S/L 39.0000 100      
    BOOK CENTER FLOOR 2004-03-10 2,737 947 S/L 40.0000 68      
    BOOKSHELVES 1989-06-01 3,190 3,190 S/L 7.0000        
    BOX TURTLE DRUM 2005-02-09 2,008 2,008 200DB 7.0000        
    BUILDING IMP. 1997-12-01 3,900 2,481 S/L 31.5000 124      
    BUILDING IMP. 1999-12-01 23,387 14,137 S/L 31.5000 743      
    C.WM 48" ROUND DINING TABLE 2006-02-08 600 600 200DB 7.0000        
    C.WM 6' CHERRY DINING TABLE 2006-02-08 850 850 200DB 7.0000        
    C.WM CHERRY DINING TABLE 2006-03-08 1,000 1,000 200DB 7.0000        
    C.WM36" ROUND TABLE 2006-03-08 350 350 200DB 7.0000        
    CABIN SHUTTERS 2014-11-19 1,614 158 S/L 31.5000 51      
    CABIN WALLPAPER 2014-02-19 1,140 139 S/L 31.5000 36      
    CAMPAGNA CHAIR FOR COTTAGE 2005-11-29 319 319 200DB 7.0000        
    CARRUTH STONE HOSE BIB 2003-11-11 400 378 S/L 15.0000 22      
    CERAMIC DOME STRUCTURE 2012-08-22 12,137 6,473 S/L 10.0000 1,214      
    CHILDRENS' GARDEN WOOD, BOLTS & SCREWS 2010-04-14 342 342 200DB 7.0000        
    CLIMBATOMIK 2010-07-21 239 239 200DB 7.0000        
    COLUMN & GUTTERS 2014-09-24 1,820 188 S/L 31.5000 58 58 58  
    COMPUTERS 2001-03-14 16,593 16,593 S/L 5.0000        
    COMPUTERS 2002-12-31 3,339 3,339 S/L 5.0000        
    CONFERENCE ROOM 1994-09-01 87,289 64,543 S/L 31.5000 2,771      
    COTTAGE AIR CONDITIONING 2004-06-18 4,678 1,579 S/L 40.0000 117      
    COTTAGE CHAIRS 2005-11-29 952 952 200DB 7.0000        
    COTTAGE CHAIRS 2005-11-29 1,450 1,450 200DB 7.0000        
    COTTAGE FUNITURE 2005-10-12 4,107 4,107 200DB 7.0000        
    COTTAGE FURNITURE 1996-06-01 3,232 3,232 S/L 7.0000        
    COTTAGE HOUSING-CARPET &FLOORING 2006-09-06 4,351 1,565 S/L 31.5000 139      
    COTTAGE KITCHEN FLOORING 2014-12-31 2,640 251 S/L 31.5000 84      
    COTTAGE PAINTING INTERIOR 2014-07-16 2,045 1,397 S/L 5.0000 409      
    COTTAGE PAINTING UPSTAIRS/CLOSETS/CUPBOARDS 2014-10-01 1,020 663 S/L 5.0000 204      
    COTTAGE REMODEL 1995-12-02 21,013 14,648 S/L 31.5000 667      
    COTTAGE REMODEL 1996-02-01 35,829 24,977 S/L 31.5000 1,138      
    COTTAGE SIDE CHAIRS (2) 2006-03-15 279 279 200DB 7.0000        
    COURTYARD 2007-07-25 45,245 15,082 S/L 31.5000 1,436      
    COURTYARD AGGREGATE REPAIR 2011-12-07 4,600 888 S/L 31.5000 146      
    CUSTOMIZED SOFTWARE 2003-01-22 1,300 1,300 S/L 5.0000        
    DECK 2003-06-04 5,600 5,444 S/L 15.0000 156      
    DELL LAPTOP 2005-12-07 773 773 200DB 5.0000        
    FAIRY HOUSE 2005-04-06 319 319 200DB 7.0000        
    FINAL PAYMENT 1989-06-01 59,200 59,200 S/L 10.0000        
    FLYING AMADINDA SMALL VERSION 2005-02-09 1,975 1,975 200DB 7.0000        
    FURNITURE 1992-06-01 3,525 3,525 S/L 7.0000        
    FURNITURE FOR E28T 2005-03-09 930 930 200DB 7.0000        
    GAME TABLE 2002-03-30 637 637 S/L 7.0000        
    GARDEN ENTRACES-VINTAGE GARDENS 2003-09-17 2,500 2,375 S/L 15.0000 125      
    HIGHLANDER END TABLE(2) 2006-03-15 698 698 200DB 7.0000        
    HOBBIT HUT 2003-09-23 8,874 8,430 S/L 15.0000 444      
    HOUSE 2012-06-05 243,148 43,098 S/L 31.5000 7,719 7,719 7,719  
    HOUSE EXTERIOR IMPROVMENTS 2009-08-05 12,380 2,672 S/L 39.0000 317      
    HOUSE FURNITURE 2000-10-30 47,659 47,659 S/L 7.0000        
    HOUSE FURNITURE 2001-06-27 3,900 3,900 S/L 7.0000        
    HOUSE INTERIOR IMPROVEMENTS 2011-10-05 3,400 545 S/L 39.0000 87      
    HOUSE INTERIOR IMPROVEMENTS 2009-12-09 6,043 1,252 S/L 39.0000 155      
    HOUSE INTERIOR IMPROVEMENTS 2008-11-18 16,209 4,749 S/L 31.0000 523      
    HOUSE LIGHTS 2001-06-27 1,517 1,517 S/L 7.0000        
    HOUSE RENOVATION 1999-06-01 210,575 99,888 S/L 39.0000 5,399      
    HOUSE RENOVATION 1999-06-01 686,023 326,154 S/L 39.0000 17,590      
    HOUSE--BLUE TAPESTRY SOFA 2003-07-14 3,000 3,000 S/L 10.0000        
    HOUSE-BLUE TAPESTRY TUB CHAIRS 2003-07-14 3,000 3,000 S/L 10.0000        
    HOUSE-COFFEE TABLE 2003-05-28 299 299 S/L 10.0000        
    HOUSE-PAVE, STAMP HOUSE DRIVE 2003-03-01 13,324 13,176 S/L 15.0000 148      
    HOUSE-SETTEE W. MATCHING CHAIRS 2003-04-22 1,500 1,500 S/L 10.0000        
    HOUSING IMPROVEMENTS 2000-03-01 46,307 21,175 S/L 39.0000 1,187      
    IMPROVEMENTS 1996-02-28 4,438 3,111 S/L 31.5000 141      
    IMPROVEMENTS 1998-12-31 6,500 3,921 S/L 31.5000 206      
    INFRASTRUCTURE 2003-07-02 544 544 S/L 10.0000        
    KILNS CART 2005-03-09 440 440 200DB 7.0000        
    KITCHEN COUNTERTOPS 2006-08-09 1,325 1,325 200DB 7.0000        
    LAND 2012-06-05 263,411              
    LANDSCAPE 1998-06-01 4,190 4,190 S/L 15.0000        
    LANDSCAPING 1989-08-01 27,549 27,549 S/L 15.0000        
    LANDSCAPING 1990-06-01 17,937 17,937 S/L 15.0000        
    LANDSCAPING 1991-06-01 13,102 13,102 S/L 15.0000        
    LANDSCAPING 1993-06-01 413 413 S/L 15.0000        
    LANDSCAPING 1996-07-30 5,086 5,086 S/L 15.0000        
    LANDSCAPING 1999-06-01 1,404 1,404 S/L 15.0000        
    LANDSCAPING 1997-06-30 7,661 7,661 S/L 15.0000        
    LIGHTS 1995-01-25 1,793 1,793 S/L 15.0000        
    LOG CABIN 1995-12-01 49,486 34,627 S/L 31.5000 1,571      
    LOG CABIN RENOVATION 2001-08-22 10,751 5,665 S/L 31.0000 347      
    LTL E28T KILNS 2005-03-16 5,450 5,450 200DB 7.0000        
    LTL VENTS 2005-03-09 580 580 200DB 7.0000        
    MANABIGAMA KILN PAVILION 2009-12-09 4,325 896 S/L 39.0000 111      
    MANABIGAMA WOOD KILN KIT 2009-11-25 5,754 5,754 S/L 7.0000        
    NATURAL PLAYGROUND 2010-03-29 435 435 200DB 7.0000        
    NORTH STAR WEAR CART 2005-03-09 490 490 200DB 7.0000        
    OFFICE FURNITURE 2002-10-31 3,479 3,479 S/L 7.0000        
    OFFICE-CARPET & FLOORING 2006-09-06 1,386 499 S/L 31.5000 44      
    OTHER 1996-04-10 776 542 S/L 31.5000 25      
    PAINT EXTERN 2000-07-30 12,142 12,142 S/L 5.0000        
    PAINTING CUPOLA 2008-06-25 1,655 1,655 S/L 5.0000        
    PAINTING HOUSE WINDOWS 2008-06-25 6,920 6,920 S/L 5.0000        
    PARKING LOT 1991-06-01 35,716 35,716 S/L 15.0000        
    PARKING LOT 1998-12-31 1,786 1,786 S/L 15.0000        
    PATHWAY & PLAY SURVACES 2003-11-14 2,279 2,155 S/L 15.0000 124      
    PAVE PARKING LOT 2011-11-02 24,072 9,896 S/L 15.0000 1,605      
    PICKET FENCE 2000-09-30 1,353 1,353 S/L 7.0000        
    PLANTING LABOR 2003-06-06 480 467 S/L 15.0000 13      
    PLANTING MATERIALS 2003-07-01 186 180 S/L 15.0000 6      
    PLAY TUNNEL 2003-12-17 5,494 5,128 S/L 15.0000 366      
    POTERY BARN 1993-03-01 5,333 4,196 S/L 31.5000 169      
    POTTERY BARN EXPANSION 2005-10-05 55,659 21,645 S/L 31.5000 1,767      
    POTTING SHED EXPANSION 2013-05-15 55,869 26,072 S/L 10.0000 5,587      
    PROGRAMMABLE 2000-03-31 799 799 S/L 7.0000        
    RAIN WHEEL 2005-02-09 345 345 200DB 7.0000        
    RAISED GARDEN BEDS-HARDWARE 2003-05-01 1,416 1,384 S/L 15.0000 32      
    REFINISH GRAY ROOM FLOOR 2006-07-12 1,650 602 S/L 31.5000 53      
    REFURBISH VOICE MAIL SYSTEM 2006-12-27 1,260 1,260 200DB 7.0000        
    REMODEL DAIR 2001-03-28 4,800 2,593 S/L 31.0000 155      
    REMODEL DAIRY 2000-07-30 858 482 S/L 31.0000 28      
    REMODELING 1989-12-01 16,056 14,296 S/L 31.5000 509      
    REMODELING 1992-12-01 42,731 33,972 S/L 31.5000 1,357      
    RENOVATION 1997-11-01 8,342 8,342 S/L 10.0000        
    REPAIR HOUSE 2001-10-24 4,043 2,108 S/L 31.0000 131      
    REWIRING 1990-06-01 6,834 6,834 S/L 10.0000        
    ROAD DRAINAGE/CONCRETE PAD/GRAVEL RD 2010-10-27 6,800 3,249 S/L 15.0000 453      
    SEAL PARKING LOTS-HOUSE & BARN 2014-10-01 3,420 741 S/L 15.0000 228      
    SEATING ARBOR & TEAHOUSE 2003-08-01 1,826 1,755 S/L 15.0000 71      
    SHEDS 1993-07-01 8,724 6,774 S/L 31.5000 277      
    SHUTTERS 2010-02-17 1,922 386 S/L 39.0000 49      
    SOIL-SAND LABOR 2003-06-09 840 817 S/L 15.0000 23      
    SOLAR EDUCATIONAL DISPLAYS 2008-12-10 9,578 2,806 S/L 31.0000 309      
    SOLAR MONITORING EQUIP 2009-01-21 2,437 701 S/L 31.0000 78      
    SOLAR WATER HEATING SYSTEM 2007-10-15 22,100 7,409 S/L 31.5000 702      
    STONE PAVING DRIVE 2002-06-28 2,629 2,629 S/L 15.0000        
    SURFACING 1994-06-01 6,001 6,001 S/L 15.0000        
    TEA HOUSE 2005-03-02 431 431 200DB 7.0000        
    TELEPHONE SYSTEM 1997-02-24 5,775 5,775 S/L 7.0000        
    TOPSOIL & BOULDERS 2003-11-01 320              
    TREEHOUSE 2003-06-04 1,689 1,643 S/L 15.0000 46      
    UPGRADE WATERLINES 2008-06-18 7,679 4,863 S/L 15.0000 512      
    UTILITY CART 2014-01-08 6,200 4,960 S/L 5.0000 1,240      
    VIENNA ROUND TABLE(2) 2006-03-15 298 298 200DB 7.0000        
    WALK & STEPS 1995-01-11 952 952 S/L 10.0000        
    WATER FEATURE 2003-09-23 6,483 6,159 S/L 15.0000 324      
    WEB SITE DEVELOPMENT 2004-05-14 660 660 S/L 3.0000        
    WIDEN CIRCLE DRIVE 2014-11-26 580 119 S/L 15.0000 39      
    WINDOW REPLACEMENT 1999-07-07 629 298 S/L 39.0000 16      
    WINDOWS/GATE 1991-07-01 8,540 7,172 S/L 31.5000 271      
    WOOD KILN 2010-06-30 6,409 1,233 S/L 39.0000 164      
    CLAYKING - PETER PUGGER VPM 20 2015-02-02 4,688 3,791 200DB 7.0000 256      
    MAUMEE VALLEY FURNACE & AC - APPT ABOVE GARAG 2015-02-02 4,538 335 S/L 39.0000 116      
    ASSET PROTECTION CORP - REPLACEMENT PANEL 2015-05-20 4,000 269 S/L 39.0000 103      
    COURTYARD UMBRELLA 2015-11-18 1,038 783 200DB 7.0000 73      
    TRANE FURNACE, AC, HEAT PUMP, THERMOSTAT 2015-11-25 20,275 1,105 S/L 39.0000 520      
    KONICA BIZHUB PRINTER 2015-12-16 2,976 2,244 200DB 7.0000 209      
    KITCHEN FLOORING 2015-12-22 4,745 248 S/L 39.0000 122      
    SAGUA ROOFING 2015-12-09 12,611 660 S/L 39.0000 324 324 324  
    HOUSE PAVEMENT REPAIR 2016-11-09 25,930 14,856 S/L 15.0000 1,728      
    EXTERIOR WINDOW SHUTTER 2016-03-10 3,093 142 S/L 39.0000 79      
    WINDOW REPLACEMENT 2016-09-21 7,441 246 S/L 39.0000 191      
    EXTERIOR PAINTING 2017-10-30 24,830 828 S/L 5.0000 4,966      
    BARN GUTTERS 2017-10-20 1,877 63 S/L 5.0000 375      
    PARKING LOTS REPAIRED 2017-09-29 2,575 43 S/L 15.0000 172      
    LOG CABIN ROOF 2017-11-22 6,300 35 S/L 15.0000 420      
    UPHOLSTERY OF HOUSE FURNITURE 2017-08-07 3,047 181 S/L 7.0000 436      
    REPLACE KITCHEN WINDOWS - MAIN HOUSE 2017-12-03 3,835 8 S/L 39.0000 99      
    BARN GUTTERS 2017-07-13 550 18 S/L 15.0000 37      
    ROOFS-BOOK CENTER, BARN, MAINT & ADMIN 2017-09-20 39,200 251 S/L 39.0000 1,005      
    EXTERIOR PAINTING 2018-10-01 19,680   S/L 5.0000 984      

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    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SALE OF 550 W. SECOND ST.   PURCHASE 2018-09   100,000 138,710   6,134 29,375 74,219
    FEDERAL NATL MTG ASSN 2015-08 PURCHASE 2018-10   25,000 24,998     2  
    NORTHERN ULTRA - SHORT FIXED 2016-11 PURCHASE 2018-03   3,480 3,497     -17  
    VANGUARD TOTAL BOND 2016-11 PURCHASE 2018-03   1,740 1,813     -73  
    VANGUARD SHORT-TERM 2016-05 PURCHASE 2018-03   3,480 3,572     -92  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS AND BONDS FUND 160,798 160,798

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    US Government Securities - End of Year Book Value:

    24,969
    US Government Securities - End of Year Fair Market Value:

    24,969
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 LandEtcSchedule2
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING AND EQUIPMENT 3,762,010 2,235,070 1,526,940 1,526,940
    PROJECT IN PROCESS        
    LAND 263,731   263,731 263,731


    TY 2018 LegalFeesSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 4,292     4,292


    TY 2018 MortgagesAndNotesPayableSch
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name NOTE - TOLEDO COMMUNITY FOUNDATION
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan 501,755
    Balance Due 309,991
    Date of Note 2012-07
    Maturity Date 2027-12
    Repayment Terms 36,188 ANNUAL PAYMENT
    Interest Rate 0.0100
    Security Provided by Borrower REAL ESTATE
    Purpose of Loan PURCHASE OF PROPERTY
    Description of Lender Consideration  
    Consideration FMV  


    TY 2018 OtherDecreasesSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Description Amount
    UNREALIZED LOSS 1,543


    TY 2018 OtherExpensesSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    REPAIRS & MAINTENANCE 68,987 7,754 45,421 15,812
    GARDEN SUPPLIES 3,853   3,853  
    INSURANCE 9,020   9,020  
    OFFICE SUPPLIES 3,424   3,424  
    TELEPHONE 3,105   3,105  
    TRUCK EXPENSE 1,340   1,340  
    PROMOTIONS 92     92
    DUES & SUBSCRIPTIONS 1,210   1,210  
    MISCELLANEOUS 5,462   5,462  
    CLASS EXPENSE 43,886   43,886  
    POTTERY SUPPLIES 13,138   13,138  
    PRINTING 6,462   6,462  
    CLASS WAIVERS 1,075   1,075  
    EDUCATION/WORKSHOP 2,693   2,693  
    BANK CHARGES 939   939  
    HORTICULTURE CLASS 831   831  
    FIBER ART EXPENSE 4,219   4,219  
    TECHNOLOGY/MARKETING 24,644   24,644  
    DESIGNATED EXPENSE 103   103  
    INDEPENDENT CONTRACT 250   250  


    TY 2018 OtherIncomeSchedule2
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROGRAM FEES 173,514   173,514
    MISC INCOME 70   70


    TY 2018 OtherLiabilitiesSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Description Beginning of Year - Book Value End of Year - Book Value
    DEPOSIT HELD 3,250 3,250


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PENSION ADMINISTRATION 9,482     9,482


    TY 2018 TaxesSchedule
    Name:
    577 FOUNDATION
    EIN:
    34-1591869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REAL ESTATE TAX 10,081 10,081 10,081  
    STATE FILING 225     225