TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
CAROL YOUNG BROOKE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)22287 MULHOLLAND HIGHWAY SUITE 172
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CALABASAS, CA913025157

A Employer identification number

95-4692391

B Telephone number (see instructions)

(818) 883-6442

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$11,468,420J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	6,886		6,886
4	Dividends and interest from securities...	2,246		2,246
5a	Gross rents............	771,333		771,333
b	Net rental income or (loss) 269,079
6a	Net gain or (loss) from sale of assets not on line 10		1,663,421
b	Gross sales price for all assets on line 6a 3,093,788
7	Capital gain net income (from Part IV, line 2)...			0
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).......
12	Total. Add lines 1 through 11........	2,443,886		780,465
13	Compensation of officers, directors, trustees, etc.	11,625		0	11,625
14	Other employee salaries and wages......	150,375		0	150,375
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		24,000	0	24,000
b	Accounting fees (attach schedule).......		42,626	0	42,626
c	Other professional fees (attach schedule)....		38,555	38,555	0
17	Interest...............	4,750		4,750	0
18	Taxes (attach schedule) (see instructions)...		69,017	55,260	13,757
19	Depreciation (attach schedule) and depletion...		218,334	218,334
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		287,066	199,705	87,361
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	846,348		516,604	329,744
25	Contributions, gifts, grants paid.......	59,100			59,100
26	Total expenses and disbursements. Add lines 24 and 25	905,448		516,604	388,844
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,538,438
b	Net investment income (if negative, enter -0-)			263,861
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	58,900	34,868	34,868
	2	Savings and temporary cash investments.........	249,936	2,894,971	2,894,971
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	5,153	8,360	8,360
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	129,553	0	0
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 9,259,223
		Less: accumulated depreciation (attach schedule) 731,502	9,701,541	8,527,721	8,527,721
	15	Other assets (describe )	0	2,500	2,500
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	10,145,083	11,468,420	11,468,420
	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 )	255,341	40,240
	23	Total liabilities (add lines 17 through 22).........	255,341	40,240
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	9,889,742	11,428,180
	29	Total net assets or fund balances (see instructions).....	9,889,742	11,428,180
	30	Total liabilities and net assets/fund balances (see instructions).	10,145,083	11,468,420

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

9,889,742

Enter amount from Part I, line 27a .....................

1,538,438

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

11,428,180

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

11,428,180

Form 990-PF (2020)

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
1 a	CNB - SECURITIES	P
b	CNB - SECURITIES	P
c	SCHWAB MONEY MARKET	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	16,680	24,930	-8,250
b	136,108	147,982	-11,874
c	81,000	81,000	0
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			-8,250
b			-11,874
c			0
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-20,124
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 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	3,668
c	All other domestic foundations enter 1.39% 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	0
3	Add lines 1 and 2...........................	3	3,668
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,668
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	8,360
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	8,360
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,692
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax4,692	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

NONE

The books are in care of bullet

MICHAEL P CHMURA Telephone no. bullet

(818) 883-6442

Located at bullet

22287 MULHOLLAND HIGHWAY 172CALABASASCA ZIP+4 bullet

913025157

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

16 At any time during calendar year 2020, 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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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 2020?.............

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)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2020 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 2020.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2020?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
HONORABLE EDWARD M ROSS	DIRECTOR 25.00	0
22287 MULHOLLAND HIGHWAY 172 CALABASAS,CA913025157	DIRECTOR 25.00	0
MICHAEL P CHMURA	DIRECTOR 25.00	11,625
22287 MULHOLLAND HIGHWAY 172 CALABASAS,CA913025157	DIRECTOR 25.00	11,625

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...................				0

Form 990-PF (2020)

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


2


3


4

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

32,388

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

10,860

Total (add lines 1a, b, and c).........................

43,248

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

43,248

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

649

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

42,599

Minimum investment return. Enter 5% of line 5..................

2,130

Part XI

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.)

Minimum investment return from Part X, line 6....................

2,130

Tax on investment income for 2020 from Part VI, line 5......

3,668

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,668

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

388,844

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

388,844

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

388,844

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 (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					0
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	1,447
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........		1,447
4Qualifying distributions for 2020 from Part
XII, line 4: $ 388,844
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					0
e Remaining amount distributed out of corpus		388,844
5 Excess distributions carryover applied to 2020.		0			0
(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		390,291
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
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......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					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) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		1,447
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		388,844
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....	388,844

Form 990-PF (2020)

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 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, 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 X, 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 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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2020)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ASSOCIATION OF THE UNITED STATES NAVY 3601 EISENHOWER AVE STE 110 ALEXANDRIA,VA22404	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	2,500
BLOOM HILLEL 380 9TH STREET TUSCALOOSA,AL65401	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	1,100
BRAILLE INSTITUTE OF AMERICA 741 NORTH VERMONT AVE LOS ANGELES,CA90029	NONE	PUBLIC CHARITY	BLIND RESEARCH	2,500
CALIFORNIA TROUT 360 PINE STREET 4TH FLOOR SAN FRANCISCO,CA94104	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	3,000
E-ACESS FOUNDATION 14914 SHERMAN WAY VAN NUYS,CA91405	NONE	PUBLIC CHARITY	EYE RESEARCH	10,000
GLAUCOMA RESEARCH FOUNDATION 251 POST STREET SUITE 600 SAN FRANCISCO,CA94108	NONE	PUBLIC CHARITY	GLAUCOMA RESEARCH	10,000
HILLEL DAVIS 328 A STREET DAVIS,CA95616	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	500
JEWISH WAR VETERANS OF THE USA PO BOX 1575 MERRIFIELD,VA22116	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	1,000
KATELYN'S CAUSE 98003 CROWN TERRACE BROOKINGS,OR97415	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	2,500
MACCABI USA 1511 WALNUT STREET STE 401 PHILADELPHIA,PA19102	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	1,500
MANHATTEN BEACH POLICE K-9 FOUNDATION PO BOX 3413 MANHATTEN BEACH,CA90266	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	2,500
TROUT UNLIMITED PO BOX 7400 WOOLY BUGGER,WV25438	NONE	PUBLIC CHARITY	CONSERVATION PROJECTS	5,500
UNIVERSITY OF VIRGINIA-MEDICAL HEALTH SERVICES PO BOX 800809 CHARLOTTESVILLE,VA22908	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	10,000
USO WORLD HEADQUARTERS PO BOX 96860 WASHINGTON,DC20077	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	2,500
WARRIORS AND QUIET WATERS FOUNDATION INC 351 EVENRGREEN DR SUITE A BOZEMAN,MT59715	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	2,500
WILDERNESS FLY FISHERS PO BOX 3358 SANTA MONICA,CA90408	NONE	PUBLIC CHARITY	FOR CHARITABLE PURPOSES	1,500
Total ................................. 3a				59,100

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2020)

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	(e) Related or exempt function income (See instructions.)
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	6,886
4 Dividends and interest from securities....			14	2,246
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			14	771,333
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			14	1,663,421
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		2,443,886	0

13Total. Add line 12, columns (b), (d), and (e)..................

2,443,886

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING - TAX RETURN	18,626	0		18,626
ACCOUNTING FEES	24,000	0		24,000

- TIN:

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

TY 2020 DepreciationSchedule

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

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
LAND-9827 REMER ST	2004-11-20	207,000		L		0	0
BUILDING-9827 REMER ST	2004-11-20	93,000	35,974	SL	39.000000000000	795	795
LAND-3316 W 32ND AVE. CO, CREAMERY	2012-08-30	412,442		L		0	0
3316 W 32ND AVE. CO, CREAMERY	2012-08-30	618,662	164,978	SL	27.500000000000	22,497	22,497
WESTERN ROOFING-3316 W 32ND AVE, CO, CREAMERY	2012-11-16	17,888	7,903	SL	15.000000000000	1,193	1,193
LAND-1628-30 COLORADO BLVD	2014-10-31	347,128		L		0	0
BUILDING-1628-30 COLORADO BLVD	2014-10-31	520,691	97,826	SL	27.500000000000	18,934	18,934
LAND 234 LOGAN STREET	2019-05-24	959,011		L		0	0
BUILDING 234 LOGAN STREET	2019-05-24	1,354,784	28,738	SL	27.500000000000	49,265	49,265
LOCHINVAR BOILER & WATER MOUNTS	2019-08-31	27,275	606	SL	15.000000000000	1,818	1,818
LAND MILLRIDGE	2004-11-20	182,700		L		0	0
HOUSE 3324 MILLRIDGE	2004-11-20	252,300	138,391	SL	27.500000000000	1,911	1,911
AR PAINTING & REMODELING	2019-12-09	15,825	132	SL	10.000000000000	330	330
CARPETING JOSE LOPEZ	2019-11-18	1,700	14	SL	10.000000000000	35	35
BUILDING 2449-61 CHAMPA ST DENVER CO L	2013-09-26	879,000	201,107	SL	27.500000000000	31,964	31,964
LAND-2249-61 CHAMPA ST	2013-09-26	586,000		L		0	0
COLORADO STATE ROOFING-CHAMPA ST	2013-11-05	19,000	6,413	SL	15.000000000000	1,267	1,267
BOILER 2449-61 CHAMPA ST	2015-11-25	12,342	5,039	SL	10.000000000000	1,234	1,234
MAXSON RD LAND	2004-11-20	292,500		L		0	0
MAXSON RD BUILDING 6-HOUSES	2004-11-20	195,000	106,957	SL	27.500000000000	0	0
LAND 2465 S GAYLORD	2019-12-20	1,110,000		L		0	0
BUILDING 2465 S GAYLORD ST	2019-12-20	2,395,000	3,629	SL	27.500000000000	87,091	87,091

- TIN:

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

TY 2020 GainLossSaleOtherAssetsSch

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

How Acquired	Gross Sales Price	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
PURCHASED	1,660,000	COST	126,490	1,152,967	106,957
PURCHASED	600,000	COST	46,615	241,673	140,813
PURCHASED	600,000	COST	47,864	288,905	36,769

- TIN:

TY 2020 LandEtcSchedule2

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
LAND-3316 W 32ND AVE. CO, CREAMERY	412,442	0	412,442
3316 W 32ND AVE. CO, CREAMERY	618,662	187,475	431,187
WESTERN ROOFING-3316 W 32ND AVE, CO, CREAMERY	17,888	9,096	8,792
LAND-1628-30 COLORADO BLVD	347,128	0	347,128
BUILDING-1628-30 COLORADO BLVD	520,691	116,760	403,931
LAND 234 LOGAN STREET	959,011	0	959,011
BUILDING 234 LOGAN STREET	1,354,784	78,003	1,276,781
LOCHINVAR BOILER & WATER MOUNTS	27,275	2,424	24,851
BUILDING 2449-61 CHAMPA ST DENVER CO L	879,000	233,071	645,929
LAND-2249-61 CHAMPA ST	586,000	0	586,000
COLORADO STATE ROOFING-CHAMPA ST	19,000	7,680	11,320
BOILER 2449-61 CHAMPA ST	12,342	6,273	6,069
LAND 2465 S GAYLORD	1,110,000	0	1,110,000
BUILDING 2465 S GAYLORD ST	2,395,000	90,720	2,304,280

- TIN:

TY 2020 LegalFeesSchedule

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	24,000	0		24,000

- TIN:

TY 2020 OtherAssetsSchedule

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
		2,500	2,500

- TIN:

TY 2020 OtherExpensesSchedule

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
OFFICE SUPPLIES	5,688	5,688	0
MEDICAL INSURANCE	57,361	0	57,361
METROPOLITAN NEWS	75	75	0
COMPUTER REPAIR/SERVICE	741	741	0
ADP FEES / BANK SERVICE CHARGE	1,731	1,731	0
TELEPHONE	440	440	0
BOOKKEEPING	3,080	3,080	0
PUBLIC STORAGE	672	672	0
UPS RENTAL MAILBOX	438	438	0
STAMPS, UPS CHARGES	345	345	0
BOARD OF DIRECTORS FEES	30,000	0	30,000
CNB FEES	960	960	0
LEGAL	2,470	2,470	0
SUPPLIES PLUMBING	593	593	0
INSURANCE	3,732	3,732	0
ADMINISTRATIVE	206	206	0
UTILITIES	3,014	3,014	0
REPAIRS & MAINTENANCE	2,550	2,550	0
APPLIANCE REPAIRS/REPLACEMENTS	1,738	1,738	0
BOILER PARTS	1,822	1,822	0
CLEANING SERVICE	125	125	0
ELECTRICAL SERVICE/PARTS	751	751	0
FIRE & SAFETY	652	652	0
PAINTING & DRYWALL	930	930	0
GROUNDS MAINTENANCE	4,763	4,763	0
HARDWARE-MISC	1,463	1,463	0
PLUMBING SERVICES	484	484	0
PEST CONTROL	995	995	0
REPLACEMENT WINDOWS & FLOORING	229	229	0
REPLACEMENT APPLIANCES	164	164	0
UTILITIES	7,529	7,529	0
SUPPLIES HARDWARE	875	875	0
SUPPLIES - JANITORIAL	240	240	0
PLUMBING SERVICE	935	935	0
PLUMBING SUPPLIES	76	76	0
APPLIANCES / REPAIRS /REPLACEMENTS	1,062	1,062	0
GROUNDS & CURB APPEAL	4,320	4,320	0
CARPET CLEANING/REPAIRS	178	178	0
INSURANCE	3,308	3,308	0
ADMINISTRATIVE	1,547	1,547	0
CLEANING SERVICE	427	427	0
ELECTRICAL SERVICE / PARTS	388	388	0
FIRE & SAFETY	1,240	1,240	0
SNOW REMOVAL	354	354	0
PEST CONTROL	1,023	1,023	0
SUPPLIES-ELECTRICAL	95	95	0
INSURANCE	5,316	5,316	0
APPLIANCE REPAIRS	700	700	0
BANK & FEES	112	112	0
ADVERTISING	390	390	0
ADMINISTRATIVE	643	643	0
UTILITIES	7,016	7,016	0
REPAIRS & MAINTENANCE	5,911	5,911	0
BUILDING SUPPLIES - ROOF	225	225	0
BOILER PARTS	1,654	1,654	0
CARPET CLEANING	45	45	0
CLEANING SERVICE	380	380	0
ELECTRICAL SERVICE	148	148	0
FIRE & SAFETY	364	364	0
GROUNDS & CURB APPEAL	4,617	4,617	0
OFFICE SUPPLIES	211	211	0
PEST CONTROL	960	960	0
PLUMBING SERVICE	753	753	0
TENANT SCREENING	450	450	0
COMMUNICATIONS	1,184	1,184	0
SUPPLIES - ELECTRICAL	226	226	0
SUPPLIES - JANITORIAL	206	206	0
SUPPLIES - HARDWARE	368	368	0
OFFICE SUPPLIES	176	176	0
ADVERTISING	409	409	0
ADMINISTRATIVE	993	993	0
INSURANCE	4,094	4,094	0
UTILITIES	15,893	15,893	0
SNOW REMOVAL	627	627	0
MAINTENANCE & REPAIRS	8,118	8,118	0
APPLIANCE REPAIRS	1,447	1,447	0
APARTMENT SUPPLIES	1,394	1,394	0
TENANT SCREENING	420	420	0
BOILER PARTS-REPAIRS	3,657	3,657	0
CLEANING SERVICE	1,251	1,251	0
ELECTRICAL SERVICE	250	250	0
FIRE & SAFETY	710	710	0
GROUNDS & CURB APPEAL	7,322	7,322	0
PAINTING & DRYWALL	810	810	0
PEST CONTROL	1,760	1,760	0
PLUMBING SERVICE	2,872	2,872	0
SUPPLIES ELECTRICAL	108	108	0
SUPPLIES HARDWARE	2,315	2,315	0
SUPPLIES PAINT & WALL REPAIR	744	744	0
SUPPLIES PLUMBING	1,119	1,119	0
REPLACEMENT APPLIANCES	1,902	1,902	0
PREPLACEMENT-FLOORING	216	216	0
REPLACEMENT WINDOWS, DOORS	553	553	0
SUPPLIES - JANITORIAL	189	189	0
INSURANCE	6,766	6,766	0
UTILITIES	10,025	10,025	0
ADVERTISING	666	666	0
APPLIANCE REPAIRS	401	401	0
BOILER PARTS	737	737	0
PEST CONTROL	400	400	0
CLEANING SERVICE	1,514	1,514	0
ELECTRICAL SERVICE	267	267	0
FIRE & SAFETY	374	374	0
GROUNDS & CURB APPEAL	4,630	4,630	0
PAINTING & DRYWALL	316	316	0
PLUMBING SERVICES	3,068	3,068	0
SUPPLIES - ELECTRICAL	210	210	0
SUPPLIES - JANITORIAL	191	191	0
SUPPLIES - HARDWARE	2,353	2,353	0
SUPPLIES - PLUMBING	1,166	1,166	0
REPLACEMENT - APPLIANCES	120	120	0
REPLACEMENT - FLOORING & WINDOWS	418	418	0
REPLACEMENT - COUNTERTOPS	915	915	0
REPAIRS & MAINTENANCE	7,196	7,196	0
ADMINISTRATION	2,296	2,296	0

- TIN:

TY 2020 OtherLiabilitiesSchedule

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

Description	Beginning of Year - Book Value	End of Year - Book Value
SECURITY DEPOSITS	55,341	40,240
LOAN ON PROPERTY	200,000	0

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

Category	Amount	Net Investment Income
MANAGEMENT FEE	115	115
MANAGEMENT FEE	4,949	4,949
MANAGEMENT FEE	4,425	4,425
MANAGEMENT FEE	8,391	8,391
MANAGEMENT FEE	8,564	8,564
MANAGEMENT FEE	12,111	12,111

- TIN:

TY 2020 TaxesSchedule

Name:

CAROL YOUNG BROOKE FOUNDATION

EIN:

95-4692391

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FTB	10	10	0
DEPARTMENT OF JUSTICE	150	150	0
PAYROLL TAXES	13,757	0	13,757
SECRETARY OF STATE	20	20	0
TAXES	3,160	3,160	0
TAXES	8,317	8,317	0
TAXES	4,914	4,914	0
TAXES	11,601	11,601	0
TAXES	11,856	11,856	0
TAXES	15,232	15,232	0