Form990-PF
Click to see attachment

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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The Steele Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)4131 N 36th St 1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Phoenix, AZ85018
A Employer identification number

95-3466880
B Telephone number (see instructions)

(602) 850-9804
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$92,321,019J Accounting method:
Modified Cash
(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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,426 1,426  
4 Dividends and interest from securities... 467,507 467,507  
5a Gross rents............ 157,506 157,506  
b Net rental income or (loss) 97,486
6a Net gain or (loss) from sale of assets not on line 10 2,202,227
b Gross sales price for all assets on line 6a 5,309,660
7 Capital gain net income (from Part IV, line 2)... 2,200,834
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 25,095 33,009  
12 Total. Add lines 1 through 11........ 2,853,761 2,860,282  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 413,992 41,399   372,593
14 Other employee salaries and wages...... 80,000     80,000
15 Pension plans, employee benefits....... 42,583     42,583
16a Legal fees (attach schedule)......... Click to see attachment 2,834 2,834    
b Accounting fees (attach schedule)....... Click to see attachment 91,273 47,775   43,498
c Other professional fees (attach schedule).... Click to see attachment 243,408 227,958   15,450
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 62,078 36,764   5,355
19 Depreciation (attach schedule) and depletion... Click to see attachment 107,137    
20 Occupancy.............. 18,774     18,773
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 103,125 72,985   30,140
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,165,204 429,715   608,392
25 Contributions, gifts, grants paid....... 2,981,271 2,981,271
26 Total expenses and disbursements. Add lines 24 and 25 4,146,475 429,715   3,589,663
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,292,714
b Net investment income (if negative, enter -0-) 2,430,567
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 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............. 10,504 410,472 410,753
2 Savings and temporary cash investments......... 2,197,980 84,940 84,940
3 Accounts receivable bullet7,518
Less: allowance for doubtful accounts bullet     7,518 7,518
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)      
b Investments—corporate stock (attach schedule)....... 449,354 Click to see attachment325,833 1,571,863
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet5,294,000
Less: accumulated depreciation (attach schedule) bullet   5,294,000 Click to see attachment5,294,000 6,407,824
12 Investments—mortgage loans............. 3,437,972 3,399,204 1,701,704
13 Investments—other (attach schedule).......... 51,787,034 Click to see attachment52,468,157 80,586,267
14 Land, buildings, and equipment: basis bullet3,715,704
Less: accumulated depreciation (attach schedule) bullet275,298 3,547,543 Click to see attachment3,440,406 1,550,000
15 Other assets (describe bullet) Click to see attachment150 Click to see attachment150 Click to see attachment150
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 66,724,537 65,430,680 92,321,019
Liabilities 17 Accounts payable and accrued expenses.......... 11,035 9,892
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 bullet) Click to see attachment5,948 Click to see attachment5,948
23 Total liabilities (add lines 17 through 22)......... 16,983 15,840
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 66,707,554 65,414,840
29 Total net assets or fund balances (see instructions)..... 66,707,554 65,414,840
30 Total liabilities and net assets/fund balances (see instructions). 66,724,537 65,430,680
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
66,707,554
2
Enter amount from Part I, line 27a .....................
2
-1,292,714
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
65,414,840
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
65,414,840
Form 990-PF (2020)
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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities P 2019-01-01 2020-12-31
b Accolade LT Gain P 2019-01-01 2020-12-31
c Accolade ST Gain P 2020-01-01 2020-12-31
d Adamas LT Gain P 2019-01-01 2020-12-31
e Adamas ST Gain P 2020-01-01 2020-12-31
Adamas 1256 Loss P 2019-01-01 2020-12-31
Adamas 1231 Gain P 2019-01-01 2020-12-31
ALJ LT Loss P 2019-01-01 2020-12-31
Arrowstreet LT Gain P 2019-01-01 2020-12-31
Arrowstreet ST Gain P 2020-01-01 2020-12-31
Arrowstreet 1256 Gain P 2019-01-01 2020-12-31
Blumberg Capital II LT Gain P 2019-01-01 2020-12-31
Blumberg Capital III LT Gain P 2019-01-01 2020-12-31
Blumberg Capital III ST Gain P 2020-01-01 2020-12-31
Blumberg Capital IV LT Loss P 2019-01-01 2020-12-31
Farallon LT Gain P 2019-01-01 2020-12-31
Farallon ST Gain P 2020-01-01 2020-12-31
Farallon 1256 Loss P 2019-01-01 2020-12-31
Lone Cascade LT Gain P 2019-01-01 2020-12-31
Lone Cascade ST Gain P 2020-01-01 2020-12-31
Lone Cascade 1256 Loss P 2019-01-01 2020-12-31
Moonrise LT Gain P 2019-01-01 2020-12-31
Moonrise ST Gain P 2020-01-01 2020-12-31
Steel Canyon LT Loss P 2019-01-01 2020-12-31
Steel Canyon ST Loss P 2020-01-01 2020-12-31
TallWave LT Gain P 2019-01-01 2020-12-31
Wellington LT Loss P 2019-01-01 2020-12-31
Wellington ST Gain P 2020-01-01 2020-12-31
Wellington 1256 Gain P 2019-01-01 2020-12-31
Dover Gain Distribution P 2019-01-01 2020-12-31
Davidson Kempner LT Gain P 2019-01-01 2020-12-31
Davidson Kempner ST Gain P 2020-01-01 2020-12-31
Davidson Kempner 1256 Gain P 2019-01-01 2020-12-31
(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 3,853,622   3,107,436 746,186
b 24     24
c 168     168
d 77,114     77,114
e 4,293     4,293
2,160     -2,160
20     20
58,418     -58,418
170,307     170,307
151,430     151,430
1,780     1,780
436,295     436,295
42,680     42,680
17,747     17,747
20,246     -20,246
26,354     26,354
27,904     27,904
22,439     -22,439
155,071     155,071
226,205     226,205
828     -828
13     13
53     53
1,178     -1,178
35,844     -35,844
15,495     15,495
1,911     -1,911
50,122     50,122
46,162     46,162
3,325     3,325
22,252     22,252
116,676     116,676
6,182     6,182
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       746,186
b       24
c       168
d       77,114
e       4,293
      -2,160
      20
      -58,418
      170,307
      151,430
      1,780
      436,295
      42,680
      17,747
      -20,246
      26,354
      27,904
      -22,439
      155,071
      226,205
      -828
      13
      53
      -1,178
      -35,844
      15,495
      -1,911
      50,122
      46,162
      3,325
      22,252
      116,676
      6,182
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 2,200,834
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
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 Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 33,785
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  
3 Add lines 1 and 2........................... 3 33,785
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 33,785
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 83,429
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 83,429
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 49,644
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet49,644 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 the instructions
for the 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
    Yes
     
    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)
    bulletAZ
    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 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    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 (2020)
    Form 990-PF (2020)
    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
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletsteeleaz.org
    14
    The books are in care ofbulletBOSS Advisors Telephone no.bullet (602) 699-4829

    Located atbullet4824 E Baseline Rd Ste 101MesaAZ ZIP+4bullet85206
    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 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
    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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 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.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    DANIEL CRACCHIOLO Chairman
    0.10     		0    
    PO BOX 1112
    PHOENIX,AZ85001
    MARIANNE CRACCHIOLO MAGO President
    40.00     		413,992 22,510  
    PO BOX 1112
    PHOENIX,AZ85001
    ANDY ABRAHAM Director
    1.50     		0    
    PO BOX 1112
    PHOENIX,AZ85001
    W BRYANT STOOKS Director
    1.50     		0    
    PO BOX 1112
    PHOENIX,AZ85001
    ANDY CRACCHIOLO Director
    0.10     		0    
    PO BOX 1112
    PHOENIX,AZ85001
    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
    DIANE MOON EXEC. ASST.
    40.00     		80,000 9,406  
    PO BOX 1112
    PHOENIX,AZ85001
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    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
    CAMBRIDGE ASSOCIATES INVESTMENT ADVISORY SVCS 218,750
    125 HIGH STREET
    BOSTON,MA02110
    BOSS ADVISORS ACCOUNTING 74,596
    4824 E BASELINE RD STE 101
    MESA,AZ85206
    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 DC SCHOLARSHIP PROGRAM The purpose of the scholarship program is to award scholarships to graduating high school seniors who have shown the passion to succeed despite facing economic challenges. Because many of these students receive insufficient funds to cover basic tuition and fees for the school, the Foundation makes grants to cover some or all of the gap between the student's costs and the school's financial aid, such as basic supplies, transportation, travel, and living expenses. In 2020, the scholarship program helped three students with their college expenses, providing support totaling $34,300. The Foundation strictly follows its scholarship granting procedures as outlined in its IRS advance approval letter, including the use of a grant selection committee, student GPA and reporting requirements, and monitoring use of funds, among other things. 34,300
    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)
    Form 990-PF (2020)
    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
    2,900,794
    b
    Average of monthly cash balances.......................
    1b
    1,383,038
    c
    Fair market value of all other assets (see instructions)................
    1c
    76,559,375
    d
    Total (add lines 1a, b, and c).........................
    1d
    80,843,207
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    80,843,207
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,212,648
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    79,630,559
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,981,528
    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.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,981,528
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    33,785
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    33,785
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,947,743
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,947,743
    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
    3,947,743
    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
    3,589,663
    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
    3,589,663
    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
    3,589,663
    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)
    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 3,947,743
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 333,732
    b From 2016......  
    c From 2017......  
    d From 2018...... 160,950
    e From 2019......  
    fTotal of lines 3a through e........ 494,682
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,589,663
    a Applied to 2019, 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)........     		0
    d Applied to 2020 distributable amount..... 3,589,663
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020. 358,080 358,080
    (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 5 136,602
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		136,602
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 136,602
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    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 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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
    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)
    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)
    aPaid during the year
    A New Leaf
    858 E University Dr
    Mesa,AZ85203     		None PC COVID 19 Support- Phoenix Day Preschool 50,000
    ACT ONE FOUNDATION
    910 EAST OSBORN RD STE C
    PHOENIX,AZ85014     		NONE PC General Operating Support 50,000
    ALL SAINT'S EPISCOPAL DAY SCHOOL
    6300 N Central Ave
    Phoenix,AZ85012     		None PC Capital Campaign 250,000
    ARIZONA COMMUNITY FOUNDATION
    2201 EAST CAMELBACK RD STE 405B
    PHOENIX,AZ85016     		NONE PC Summer Youth Program 25,000
    ARIZONA COMMUNITY FOUNDATION
    2201 EAST CAMELBACK RD STE 405B
    PHOENIX,AZ85016     		NONE PC 2020 Arizona Together for Impact Fund 10,000
    ARIZONA COMMUNITY FOUNDATION
    2201 EAST CAMELBACK RD STE 405B
    PHOENIX,AZ85016     		NONE PC COVID-19 Emergency Fund 100,000
    ARIZONA FRIENDS OF FOSTER CARE
    360 E Coronado Rd 190
    Phoenix,AZ85004     		None PC COVID 19 Support 10,000
    ARIZONA HELPING HANDS INC
    3110 E THUNDERBIRD RD
    PHOENIX,AZ85032     		NONE PC COVID 19 Support 10,000
    ARIZONA SCIENCE CENTER
    600 E Washington St
    Phoenix,AZ85004     		None PC Grand Canyon Free Student Admission Endowment 250,000
    ASU FOUNDATION
    PO BOX 2260
    TEMPE,AZ85280     		NONE PC Arizona PBS /At Home Learning 25,000
    ASU FOUNDATION
    PO BOX 2260
    TEMPE,AZ85280     		NONE PC Daniel Cracchiolo Chair in Civil and Criminal Law 200,000
    BARROW NEUROLOGICAL FOUNDATION
    350 WEST THOMAS RD
    PHOENIX,AZ85013     		NONE PC Grant- Women's Board 2021 Grand Ball 25,000
    BOYS GIRLS CLUB OF THE VALLEY
    4309 E BELLEVIEW ST BLDG 14
    PHOENIX,AZ85008     		NONE PC COVID 19 Support 75,000
    BOYS HOPE GIRLS HOPE
    3443 N Central Ave Arcade 7
    Phoenix,AZ85004     		None PC COVID 19 Student Family Support 10,000
    BROPHY COLLEGE PREPARATORY
    4701 NORTH CENTRAL AVENUE
    PHOENIX,AZ85012     		NONE PC Brophy Generations Endowment Fund 250,000
    CENTRAL ARIZONA SHELTER SERVICES
    230 S 12th Ave
    Phoenix,AZ85007     		None PC COVID 19 Project Haven 50,000
    CHALLENGE FOUNDATION
    6300 N Central Ave
    Phoenix,AZ85012     		None PC COVID 19 Family Support Funds 20,000
    CHILDREN'S ACTION ALLIANCE
    4001 N 3rd St Ste 160
    Phoenix,AZ85013     		NONE PC COVID 19 Support 10,000
    CHILDREN'S MUSEUM OF PHOENIX
    215 N 7th St
    Phoenix,AZ85034     		NONE PC Adventure Play - COVID Funding 60,000
    CHILDSPLAY
    990 SOUTH MITCHELL DRIVE
    TEMPE,AZ85281     		NONE PC Storybook Preview 30,000
    CHILDSPLAY
    990 SOUTH MITCHELL DRIVE
    TEMPE,AZ85281     		NONE PC Virtual Field Trips COVID Funding 40,000
    COCHISE COLLEGE
    4190 WEST STATE HIGHWAY 80
    DOUGLAS,AZ85607     		NONE PC Andrea Cracchiolo Library Fund 25,000
    COLLEGE SUCCESS ARIZONA
    4040 EAST CAMELBACK ROAD STE 220
    PHOENIX,AZ85018     		None PC St. John Vianney Scholarship Program 15,000
    COMMUNITY FOOD BANK OF SOUTHERN ARI
    3003 S Country Club Rd
    Tucson,AZ85713     		None PC COVID 19 Support 70,000
    DIGITAL CITIZENS ACADEMY FOUNDATION
    8757 E Bell Rd
    Scottsdale,AZ85260     		None PC Planning Grant for School Based Expansion 25,000
    FAMILY PROMISE
    7221 E BELLEVIEW STREET
    PHOENIX,AZ85257     		NONE PC COVID 19 Support Funds 10,000
    FLORENCE IMMIGRANT REFUGEE RIGHTS
    PO BOX 86299
    TUCSON,AZ85754     		NONE PC Legal/Social Svc. for Families & Separated Children 139,971
    FREE ARTS FOR ABUSED CHILDREN
    352 E CAMELBACK RD STE 101
    PHOENIX,AZ85012     		NONE PC Building Purchase & Renovation Campaign 100,000
    KINO BORDER INITIATIVE
    81 N Terrace Ave
    Nogales,AZ85621     		None PC COVID 19 Support 10,000
    MAGGIE'S PLACE
    4001 N 30th St
    Phoenix,AZ85016     		None PC COVID 19 The Support Strong Children Program 10,000
    MAKE WAY FOR BOOKS
    700 N STONE AVENUE
    TUCSON,AZ85705     		NONE PC Digital Learning Project: COVID Funding 50,000
    NEIGHBORHOOD MINISTRIES
    1918 W Van Buren St
    Phoenix,AZ85009     		None PC COVID 19 Support Neighbors at Work/Discretionary 50,000
    NOURISH PHX
    501 s 9th ave
    phoenix,AZ85007     		None PC COVID 19 Support 25,000
    PARADISE VALLEY UNITED METHODIST
    4455 LINCOLN DR
    PARADISE VALLEY,AZ85253     		none PC GENERAL SUPPORT [BOARD MEMBER DIRECTED CONTRIBUTION] 15,000
    SAVE THE FAMILY
    125 E UNIVERSITY DRIVE
    MESA,AZ85201     		NONE PC COVID 19 Support Relief Fund 25,000
    SOUTHWEST HUMAN DEVELOPMENT
    2850 N 24th St
    Phoenix,AZ85008     		None PC covid 19 support 35,000
    ST JOHN VIANNEY CATHOLIC CHURCH
    639 LA PASADA BLVD
    GOODYEAR,AZ85338     		NONE PC Steele/St. John Vianney Scholarship Fund 57,000
    ST MARY'S FOOD BANK
    2831 N 31ST AVENUE
    PHOENIX,AZ85002     		NONE PC COVID 19 SUPPORT 20,000
    ST VINCENT DE PAUL
    420 W Watkins Rd
    PHOENIX,AZ85003     		NONE PC TURKEY TUESDAY 15,000
    ST VINCENT DE PAUL
    PO BOX 13600
    PHOENIX,AZ85002     		NONE PC COVID 19 FAMILY EVICTION PREVENTION PROGRAM 50,000
    SUPPORT MY CLUB
    5070 N 40TH STREET STE 110
    PHOENIX,AZ85018     		None PC GENERAL SUPPORT - BOARD DESIGNATION 10,000
    TEACH FOR AMERICA
    3030 N CENTRAL AVENUE STE 100
    PHOENIX,AZ85012     		NONE PC SUMMER INSTITUTE 100,000
    TEMPLE SOLEI
    6805 E McDonald Dr
    Paradise Valley,AZ85253     		None PC preschool program/covid 19 support 25,000
    THE SALVATION ARMY
    4650 N 65th St
    Scottsdale,AZ85251     		None PC covid 19 support 20,000
    THE SALVATION ARMY
    4650 N 65th St
    Scottsdale,AZ85251     		None PC Christmas Angel Program 50,000
    THE UNITED FOOD BANK
    245 S Nina Dr
    Mesa,AZ85210     		None PC covid 19 support 70,000
    UMOM NEW DAY CENTERS INC
    3333 E Van Buren St
    Phoenix,AZ85008     		None PC covid 19 support 35,000
    UNIVERSITY OF ARIZONA FOUNDATION
    1111 NORTH CHERRY AVENUE
    TUCSON,AZ85721     		NONE PC PANDA'S "CHILDREN HELPING CHILDREN" FASHION SHOW 25,000
    VALLEY OF THE SUN YMCA
    350 N 1st Ave
    Phoenix,AZ85003     		None PC covid 19 support 10,000
    VISTA COLLEGE PREPARATORY
    812 SOUTH 6TH AVENUE
    PHOENIX,AZ85003     		NONE PC FINANCIAL CONSULTANT INTERIM CFO 135,000
    YEAR UP AZ
    1245 E BUCKEYE RD
    PHOENIX,AZ85034     		NONE PC PROGRAMMATIC SUPPORT 100,000
    YUMA COMMUNITY FOOD BANK
    2404 E 24th St
    Yuma,AZ85265     		None PC covid 19 support 70,000
    DC Scholar - Brandon
    4131 N 36th St 1
    Phoenix,AZ85018     		None I Scholarship 8,677
    DC Scholar - Nelson
    4131 N 36th St 1
    Phoenix,AZ85018     		None I Scholarship 6,301
    DC Scholar - Robert
    4131 N 36th St 1
    Phoenix,AZ85018     		None I Scholarship 9,707
    DC Scholar - Sebastian
    4131 N 36th St 1
    Phoenix,AZ85018     		None I Scholarship 9,615
    Total .................................bullet 3a 2,981,271
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    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
    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 1,426  
    4 Dividends and interest from securities....     14 467,507  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 97,486  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 1,390 18 2,200,837  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMortgage Loan Interest     		    14 91,598  
    bPartnership Income 525990 -7,914 1 -58,589  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -6,524 2,800,265  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,793,741
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID: 20011566
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOSS ADVISORS 74,596 37,298 0 37,298
    gail flinn, cpa 900 450 0 450
    McAvoy Rule & Company 4,277 4,277 0 0
    metz & associates 11,500 5,750 0 5,750

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

    TY 2020 DepreciationSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    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
    Steele Building 2018-09-30 2,762,674 118,571 SL 2.56 % 70,835      
    Land Improvements- ABCO 2018-09-30 189,065 18,913 SL 6.67 % 12,611      
    Building Improvements 2019-11-19 175,010 562 SL 2.56 % 4,487      
    Mac Mini 2015-04-21 499 449 SL 10.00 % 50      
    27 in iMac MCM 2015-09-30 2,903 2,613 SL 10.00 % 290      
    Mac Laptop MCM 2018-01-17 1,988 597 SL 20.00 % 398      
    Printer 2018-01-17 3,693 1,108 SL 20.00 % 739      
    Mac Computer 2018-02-14 3,217 965 SL 20.00 % 643      
    iPad MCM 2018-04-18 1,364 409 SL 20.00 % 273      
    Phone System 2018-04-18 1,956 587 SL 20.00 % 391      
    Computer LR 2018-06-20 1,772 531 SL 20.00 % 354      
    Lights 2018-09-30 2,198 471 SL 14.29 % 314      
    Cabinetry and Millwork 2018-09-30 63,465 13,602 SL 14.29 % 9,069      
    Kitchen Appliances 2018-09-30 6,740 1,444 SL 14.29 % 963      
    Wooden Chest foyer 2018-10-24 4,561 978 SL 14.29 % 652      
    Medical Cabinet bathroom 2018-10-24 1,466 314 SL 14.29 % 209      
    Cole Steele File Cabinet 2018-10-24 1,520 326 SL 14.29 % 217      
    9 Section Black Bookcase 2018-10-24 1,195 256 SL 14.29 % 171      
    Desk MCM 2018-10-24 2,268 486 SL 14.29 % 324      
    Office Chairs LR 2018-11-28 2,519 540 SL 14.29 % 360      
    Artwork 2018-11-28 2,159 463 SL 14.29 % 309      
    Artwork 2018-12-11 6,125 1,313 SL 14.29 % 875      
    White Desk, mirrors, planters 2018-12-11 7,745 1,660 SL 14.29 % 1,107      
    4 Drawer Desk foyer 2018-12-19 2,473 530 SL 14.29 % 353      
    Land Improvements 2019-03-21 13,207 440 SL 6.67 % 881      
    Building Improvements - Suite 1 2019-11-19 10,223 33 SL 2.56 % 262      

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EXXON MOBILE 90,421 462,612
    CHEVRON 235,412 1,109,251

    TY 2020 InvestmentsLandSchedule2
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 5,294,000   5,294,000 6,407,824

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Vanguard Intermediate Term ETF AT COST 6,907,844 6,954,882
    VANGUARD SHORT TERM INFLATION TIPS AT COST 1,621,039 1,676,355
    ARTISAN GLOBAL VALUE FUND AT COST 2,123,069 2,721,611
    CAUSEWAY EMERGING MARKETS FUND AT COST 882,185 1,107,810
    Bailey Gifford AT COST 250,000 286,485

    TY 2020 LandEtcSchedule2
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 104,434 37,305 67,129  
    Machinery and Equipment 17,392 10,397 6,995  
    Buildings 2,947,907 190,001 2,757,906 1,550,000
    Improvements 202,271 37,595 164,676  
    Land 443,700   443,700  


    TY 2020 LegalFeesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Burch & Cracchiolo, P.A. 2,834 2,834 0 0


    TY 2020 OtherAssetsSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 150 150 150


    TY 2020 OtherExpensesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Charges 826 826    
    Dues & Subscriptions 8,138     8,138
    Insurance 2,929     2,929
    Meals 1,700     1,700
    Office Expense 7,897     7,897
    Office Supplies 5,951     5,951
    Payroll Service Expense 552     552
    Postage & Delivery 112     112
    Real Estate Expenses 12,139 12,139    
    Rental Expenses 60,020 60,020    
    Repairs & Maintenance 1,261     1,261
    Training 1,600     1,600


    TY 2020 OtherIncomeSchedule2
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Mortgage Loan Interest 91,598 91,598  
    Partnership Income -66,503 -58,589  


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 5,948 5,948


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Cambridge Management Fee 218,750 218,750 0 0
    Duffy Consulting 1,650 0 0 1,650
    Ewing Consulting 7,500 0 0 7,500
    HAPI 1,500 0 0 1,500
    TB Consulting 4,800 0 0 4,800
    Wellington Management Fee 9,208 9,208 0 0


    TY 2020 TaxesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal UBI Tax 19,959      
    Property Tax 42,119 36,764   5,355