Form990-PF
Click to see attachment
Click to see attachmentClick 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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
INDUSTRIAL ARCHIVES & LIBRARY
 
Number and street (or P.O. box number if mail is not delivered to street address)18 W FOURTH ST
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BETHLEHEM, PA18015
A Employer identification number

47-3349032
B Telephone number (see instructions)

(610) 868-1115
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$19,430,915
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 221 221 221
4 Dividends and interest from securities... 305,587 305,587 305,587
5a Gross rents............ 64,163   64,163
b Net rental income or (loss) 41,172
6a Net gain or (loss) from sale of assets not on line 10 205,767
b Gross sales price for all assets on line 6a 205,767
7 Capital gain net income (from Part IV, line 2)... 205,767
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 45
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 45 45
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 575,783 511,575 370,016
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 100,000 0 0 100,000
14 Other employee salaries and wages...... 184,621 0 0 180,121
15 Pension plans, employee benefits....... 89,256 0 0 88,096
16a Legal fees (attach schedule)......... 19,165 0 0 22,439
b Accounting fees (attach schedule)....... 56,377 0 0 53,077
c Other professional fees (attach schedule).... 46,176 0 0 46,596
17 Interest............... 9,639 0 0 3,018
18 Taxes (attach schedule) (see instructions)... 24,427 3,885 3,885 8,661
19 Depreciation (attach schedule) and depletion... 46,931 0 8,798
20 Occupancy.............. 69,720 0 0 64,103
21 Travel, conferences, and meetings....... 2,742 0 0 2,610
22 Printing and publications.......... 54 0 0 54
23 Other expenses (attach schedule)....... 226,558 79,010 102,001 146,738
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 875,666 82,895 114,684 715,513
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 875,666 82,895 114,684 715,513
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -299,883
b Net investment income (if negative, enter -0-) 428,680
c Adjusted net income (if negative, enter -0-)... 255,332
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 3,672    
2 Savings and temporary cash investments......... 708,000 457,284 457,284
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 17,139 26,405 26,405
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,022,134 Click to see attachment16,786,457 16,786,457
14 Land, buildings, and equipment: basis bullet2,362,189
Less: accumulated depreciation (attach schedule) bullet215,359 697,594 Click to see attachment2,146,830 2,146,830
15 Other assets (describe bullet) Click to see attachment116,581 Click to see attachment13,939 Click to see attachment13,939
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,565,120 19,430,915 19,430,915
Liabilities 17 Accounts payable and accrued expenses.......... 41,821 41,678
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......   1,400,000
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment1,500
23 Total liabilities (add lines 17 through 22)......... 41,821 1,443,178
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........... 910,000 940,123
25 Net assets with donor restrictions............ 15,613,299 17,047,614
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    
29 Total net assets or fund balances (see instructions)..... 16,523,299 17,987,737
30 Total liabilities and net assets/fund balances (see instructions). 16,565,120 19,430,915
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
16,523,299
2
Enter amount from Part I, line 27a .....................
2
-299,883
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,764,321
4
Add lines 1, 2, and 3 ..........................
4
17,987,737
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,987,737
Form 990-PF (2021)
Form 990-PF (2021)
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 CAPITAL GAINS DIVIDENDS P    
b
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 205,767     205,767
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       205,767
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 205,767
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 0
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 5,959
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 5,959
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 6,634
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,285
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,919
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,960
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet5,960 RefundedBullet 11 0
Part VI-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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 addressbulletWWW.INDUSTRIALARCHIVES.ORG
    14
    The books are in care ofbulletINDUSTRIAL ARCHIVES & LIBRARY Telephone no.bullet (610) 868-1115

    Located atbullet18 W FOURTH STBETHLEHEMPA ZIP+4bullet18015
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    KENNETH R SMITH CHAIRMAN/TRUSTEE
    1.00
    0 0 0
    1027 STONE STACK DRIVE
    BETHLEHEM,PA18015
    STEPHEN G DONCHES PRESIDENT
    40.00
    100,000 10,094 0
    18 W FOURTH ST
    BETHLEHEM,PA18015
    MICHAEL M ALBARELL TREASURER/TRUSTEE
    1.00
    0 0 0
    1053 RESOLUTION DRIVE
    BETHLEHEM,PA18019
    DAVID J MYERS SECRETARY/ASSISTANT TREASURER/TRUSTEE
    1.00
    0 0 0
    707 E MACADA ROAD
    BETHLEHEM,PA18017
    MICHAEL KORB TRUSTEE
    1.00
    0 0 0
    626 BIRCH ROAD
    WAPWALLOPEN,PA18660
    PEGGY P COOK TRUSTEE
    1.00
    0 0 0
    1043 STONE STACK DRIVE
    BETHLEHEM,PA18015
    CHARLES COOK TREASURER/TRUSTEE
    1.00
    0 0 0
    1043 STONE STACK DRIVE
    BETHLEHEM,PA18015
    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
    ROBERT W BILHEIMER GENERAL MANAGER
    40.00
    72,000 22,119 0
    18 W FOURTH STREET
    BETHLEHEM,PA18015
    NICHOLAS P ZMIJEWSKI ARCHIVIST
    40.00
    67,000 8,890 0
    18 W FOURTH STREET
    BETHLEHEM,PA18015
    MISSY NERINO ARCHIVIST
    40.00
    45,400 12,077 0
    18 W FOURTH STREET
    BETHLEHEM,PA18015
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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.............bullet0
    Part VIII-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 INDUSTRIAL ARCHIVES & LIBRARY ("IAL") IS A NON-PROFIT 501(C)(3) PRIVATE OPERATING FOUNDATION ESTABLISHED JANUARY 1, 2015. IAL WORKS TO PRESERVE THE RECORDS OF AMERICAN INDUSTRY AND TO MAKE THOSE RECORDS AVAILABLE FOR EDUCATION AND RESEARCH TO SCHOLARS, RESEARCHERS, AND THE GENERAL PUBLIC. 715,513
    2  
    3  
    4  
    Part VIII-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.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    16,203,217
    b
    Average of monthly cash balances.......................
    1b
    440,325
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,643,542
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    16,643,542
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    249,653
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    16,393,889
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    819,694
    Part X
    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 IX, line 6..................
    1
     
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
     
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus
    (b)
    Years prior to 2020
    (c)
    2020
    (d)
    2021
    1 Distributable amount for 2021 from Part X, line 7  
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$  
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
     
    c Treated as distributions out of corpus (Election
    required—see instructions)........
     
    d Applied to 2021 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (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  
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........
     
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...
     
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......
     
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, enter the date of the ruling ....... bullet
    2015-06-10
    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) 2021 (b) 2020 (c) 2019 (d) 2018
    255,332 186,434 288,811 207,915 938,492
    b 85% (0.85) of line 2a ......... 217,032 158,469 245,489 176,728 797,718
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....
    1,213,586 673,684 672,334 596,173 3,155,777
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........
    0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....
    1,213,586 673,684 672,334 596,173 3,155,777
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)
            0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..
    546,463 466,265 470,249 476,333 1,959,310
    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) ....
            0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....
            0
    (3) Largest amount of support
    from an exempt organization
            0
    (4) Gross investment income         0
    Part XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    Total .................................bullet 3a 0
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........
        14 221  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531110 41,172      
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............
        14 205,767  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory     05 45  
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 41,172 511,620 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    552,792
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 37,777 0 0 37,477
    AUDIT/TAX PREPARATION 18,600 0 0 15,600

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

    TY 2021 DepreciationSchedule
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    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
    BUILDING - 18 W. FOURTH STREET 2015-01-01 710,000 109,230 SL 39.000000000000 18,204 0 0  
    STORAGE RACKS 2015-07-01 2,079 1,144 SL 10.000000000000 208 0 0  
    STORAGE RACKS 2015-12-01 3,690 1,875 SL 10.000000000000 369 0 0  
    STORAGE RACKS 2016-02-01 3,356 1,651 SL 10.000000000000 336 0 0  
    HEPA VACUUMS 2016-02-01 4,090 4,090 SL 4.000000000000 0 0 0  
    HP WORKSTATIONS 2016-03-01 3,328 3,328 SL 4.000000000000 0 0 0  
    EPSON PRINTER 2016-05-01 3,230 3,230 SL 4.000000000000 0 0 0  
    FLAT FILE CABINET 2016-06-01 7,206 3,304 SL 10.000000000000 721 0 0  
    STORAGE SYSTEM 2016-09-01 3,001 1,300 SL 10.000000000000 300 0 0  
    GUILLOTINE PAPER TRIMMER 2017-01-01 2,976 1,191 SL 10.000000000000 298 0 0  
    STORAGE RACKS 2017-06-01 15,168 5,436 SL 10.000000000000 1,517 0 0  
    SCANPRO 3000 2017-12-01 52,004 16,034 SL 10.000000000000 5,200 0 0  
    PCS FO SCAN PRO 3000 2017-12-01 6,153 4,743 SL 4.000000000000 1,410 0 0  
    SANTA FE CLASSIC AIR SYSTEM 2017-08-01 3,675 1,256 SL 10.000000000000 368 0 0  
    IMPROVED AIR SUPPLY SYSTEM 2017-08-01 4,880 1,667 SL 10.000000000000 488 0 0  
    FLAT FILE CABINET 2018-06-01 4,781 1,235 SL 10.000000000000 478 0 0  
    FLAT FILE CABINET 2018-06-01 3,042 785 SL 10.000000000000 304 0 0  
    VIDEO EQUIPMENT - ORAL HISTORIES 2018-08-01 5,984 2,892 SL 5.000000000000 1,197 0 0  
    FREEZER 2018-11-01 3,185 691 SL 10.000000000000 319 0 0  
    WALL BOOKSHELF 2019-02-01 3,161 579 SL 10.000000000000 316 0 0  
    WALL BOOKSHELF 2019-03-01 2,906 509 SL 10.000000000000 291 0 0  
    WALL AND BASE CABINETS 2019-04-01 3,798 633 SL 10.000000000000 380 0 0  
    WALL AND BASE CABINETS 2019-06-01 3,456 519 SL 10.000000000000 346 0 0  
    SHELVING 2019-11-01 6,562 711 SL 10.000000000000 656 0 0  
    FIRE EXTINGUISHERS 2020-01-01 4,311 395 SL 10.000000000000 431 0 0  
    THINKPADS 2021-12-31 6,193   SL 4.000000000000 0 0 0  
    LAND - IAL ALLOCATION 2021-07-31 123,367   L   0 0 0  
    LAND - 1402 LINDEN 2021-07-31 59,094   L   0 0 0  
    LAND - 1404 LINDEN 2021-07-31 44,106   L   0 0 0  
    LAND - 1406 LINDEN 2021-07-31 59,094   L   0 0 0  
    LAND - 1414 MILLARD (NET OF IAL ALLOCATION) 2021-07-31 123,285   L   0 0 0  
    LAND - PARKING LOT 2021-07-31 14,131   L   0 0 0  
    1414 OFFICE BUILDING - IAL 2021-07-31 374,706   SL 39.000000000000 3,996 0 0  
    1414 OFFICE BUILDING - UNRELATED 2021-07-31 374,456   SL 39.000000000000 3,993 0 3,993  
    1402 LINDEN STRUCTURE 2021-07-31 115,404   SL 27.500000000000 1,745 0 1,745  
    1404 LINDEN STRUCTURE 2021-07-31 125,039   SL 27.500000000000 1,891 0 1,891  
    1406 LINDEN STRUCTURE 2021-07-31 72,368   SL 27.500000000000 1,095 0 1,095  
    PARKING LOT - STRUCTURE 2021-07-31 4,924   SL 27.500000000000 74 0 74  

    TY 2021 GeneralExplanationAttachment
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Identifier Return Reference Explanation
    EXCEPTION TO SELF-DEALING FORM 990-PF, PART VI-B, LINE 1A(4) AND 1B THE ORGANIZATION HAS DETERMINED THAT IT IS NOT SUBJECT TO THE EXCISE TAX FOR SELF-DEALING FOR COMPENSATION TO A DISQUALIFIED PERSON. THE INDUSTRIAL ARCHIVES & LIBRARY COMPENSATED THE PRESIDENT FOR SERVICES PERFORMED MANAGING THE ORGANIZATION AND FULFILLING ITS CHARITABLE PURPOSE. BASED UPON A COMPARATIVE STUDY, IT ESTABLISHED A COMPENSATION LEVEL COMMENSURATE WITH THE RESPONSIBILITIES OF THE POSITION THAT WAS DEEMED TO BE REASONABLE AND NECESSARY TO CARRY OUT THE FOUNDATION'S EXEMPT PURPOSE.

    TY 2021 InvestmentsOtherSchedule2
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIXED INCOME FMV 4,107,838 4,107,838
    HEDGE FUNDS FMV 614,527 614,527
    MUTUAL FUNDS FMV 12,064,092 12,064,092

    TY 2021 LandEtcSchedule2
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDING - 18 W. FOURTH STREET 710,000 127,434 582,566  
    STORAGE RACKS 2,079 1,352 727  
    STORAGE RACKS 3,690 2,244 1,446  
    STORAGE RACKS 3,356 1,987 1,369  
    HEPA VACUUMS 4,090 4,090 0  
    HP WORKSTATIONS 3,328 3,328 0  
    EPSON PRINTER 3,230 3,230 0  
    FLAT FILE CABINET 7,206 4,025 3,181  
    STORAGE SYSTEM 3,001 1,600 1,401  
    GUILLOTINE PAPER TRIMMER 2,976 1,489 1,487  
    STORAGE RACKS 15,168 6,953 8,215  
    SCANPRO 3000 52,004 21,234 30,770  
    PCS FO SCAN PRO 3000 6,153 6,153 0  
    SANTA FE CLASSIC AIR SYSTEM 3,675 1,624 2,051  
    IMPROVED AIR SUPPLY SYSTEM 4,880 2,155 2,725  
    FLAT FILE CABINET 4,781 1,713 3,068  
    FLAT FILE CABINET 3,042 1,089 1,953  
    VIDEO EQUIPMENT - ORAL HISTORIES 5,984 4,089 1,895  
    FREEZER 3,185 1,010 2,175  
    WALL BOOKSHELF 3,161 895 2,266  
    WALL BOOKSHELF 2,906 800 2,106  
    WALL AND BASE CABINETS 3,798 1,013 2,785  
    WALL AND BASE CABINETS 3,456 865 2,591  
    SHELVING 6,562 1,367 5,195  
    FIRE EXTINGUISHERS 4,311 826 3,485  
    THINKPADS 6,193 0 6,193  
    LAND - IAL ALLOCATION 123,367 0 123,367  
    LAND - 1402 LINDEN 59,094 0 59,094  
    LAND - 1404 LINDEN 44,106 0 44,106  
    LAND - 1406 LINDEN 59,094 0 59,094  
    LAND - 1414 MILLARD (NET OF IAL ALLOCATION) 123,285 0 123,285  
    LAND - PARKING LOT 14,131 0 14,131  
    1414 OFFICE BUILDING - IAL 374,706 3,996 370,710  
    1414 OFFICE BUILDING - UNRELATED 374,456 3,993 370,463  
    1402 LINDEN STRUCTURE 115,404 1,745 113,659  
    1404 LINDEN STRUCTURE 125,039 1,891 123,148  
    1406 LINDEN STRUCTURE 72,368 1,095 71,273  
    PARKING LOT - STRUCTURE 4,924 74 4,850  


    TY 2021 LegalFeesSchedule
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 19,165 0 0 22,439


    TY 2021 OtherAssetsSchedule
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 10,740 13,939 13,939
    PROPERTY ACQUISITION DEPOSIT 105,841 0 0


    TY 2021 OtherExpensesSchedule
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 79,010 79,010 79,010 0
    OFFICE EQUIPMENT - NON-CAPITAL 1,116 0 0 1,116
    EQUIPMENT RENTAL 31,075 0 0 29,971
    OFFICE EXPENSE 12,722 0 0 12,554
    BOOKS, SUBSCRIPTIONS, REFERENCE MATERIALS 1,368 0 0 1,368
    POSTAGE 2,138 0 0 2,169
    SUPPLIES 6,082 0 0 3,221
    MEMBERSHIPS/LICENSE FEES 1,333 0 0 1,333
    INSURANCE 14,476 0 0 12,935
    PAYROLL FEES 1,415 0 0 1,415
    ARCHIVAL MATERIALS CONSERVATION 35,074 0 0 34,966
    TRANSCRIPTION SERVICES 105 0 0 105
    SOFTWARE 10,460 0 0 10,460
    BUSINESS PRIVILEGE TAX 50 0 0 50
    WEBSITE 62 0 0 62
    ONLINE LIBRARY ACCESS (OCLC) 23,830 0 0 28,771
    TEMPORARY ARCHIVE STORAGE 3,563 0 0 3,563
    PURCHASED COLLECTIONS 55 0 0 55
    ARTIFACT RELOCATION 574 0 0 574
    SPONSORSHIPS 2,000 0 0 2,000
    BANK FEES 50 0 0 50
    RENTAL EXPENSES -22,991 -22,991 0 0
    RENTAL EXPENSES 22,991 22,991 22,991 0


    TY 2021 OtherIncreasesSchedule
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 1,764,321


    TY 2021 OtherLiabilitiesSchedule
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 0 1,500


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ARCHIVAL SERVICES 43,640 0 0 44,060
    OTHER PROFESSIONAL SERVICES 2,536 0 0 2,536


    TY 2021 TaxesSchedule
    Name:
    INDUSTRIAL ARCHIVES & LIBRARY
    EIN:
    47-3349032
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT INCOME TAX 6,000 0 0 580
    FOREIGN TAX EXPENSE 0 3,885 3,885 0
    UNRELATED BUSINESS INCOME TAX 5,600 0 0 0
    REAL ESTATE TAXES 12,827 0 0 8,081