Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
The Roy F & Joann Cole Mitte Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1008 West Avenue
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Austin, TX78701
A Employer identification number

74-2766058
B Telephone number (see instructions)

(512) 233-5599
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$30,206,814J 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 13,610 13,610  
4 Dividends and interest from securities... 154,587 154,587  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 894,001
b Gross sales price for all assets on line 6a 3,593,720
7 Capital gain net income (from Part IV, line 2)... 894,001
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 69,753 32,353  
12 Total. Add lines 1 through 11........ 1,131,951 1,094,551  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 287,453 47,353   221,549
14 Other employee salaries and wages...... 279,913 47,760   206,436
15 Pension plans, employee benefits....... 82,747 14,348   68,036
16a Legal fees (attach schedule)......... Click to see attachment 689,576 251,901   2,633
b Accounting fees (attach schedule)....... Click to see attachment 38,545 13,981   23,564
c Other professional fees (attach schedule).... Click to see attachment 67,195 30,579   32,763
17 Interest............... 82 22   60
18 Taxes (attach schedule) (see instructions)... Click to see attachment 27,525 95   55,587
19 Depreciation (attach schedule) and depletion... Click to see attachment 37,663 6,631  
20 Occupancy.............. 56,757 5,320   53,314
21 Travel, conferences, and meetings....... 15,858 2,235   8,427
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 49,998 12,422   39,136
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,633,312 432,647   711,505
25 Contributions, gifts, grants paid....... 404,050 450,100
26 Total expenses and disbursements. Add lines 24 and 25 2,037,362 432,647   1,161,605
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -905,411
b Net investment income (if negative, enter -0-) 661,904
c Adjusted net income (if negative, enter -0-)...  
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............. 140,169 117,452 117,452
2 Savings and temporary cash investments......... 1,226,451 757,575 757,575
3 Accounts receivable bullet3,029
Less: allowance for doubtful accounts bullet   4,070 3,029 3,029
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.......... 42,795 27,646 27,646
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,567,691 Click to see attachment4,301,160 4,301,160
c Investments—corporate bonds (attach schedule)....... 1,670,026 Click to see attachment1,188,642 1,188,642
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,781,159 Click to see attachment3,901,845 20,471,817
14 Land, buildings, and equipment: basis bullet4,009,068
Less: accumulated depreciation (attach schedule) bullet669,575 2,653,627 Click to see attachment3,339,493 3,339,493
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,085,988 13,636,842 30,206,814
Liabilities 17 Accounts payable and accrued expenses.......... 347,402 242,909
18 Grants payable................. 132,200 90,000
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)    
23 Total liabilities (add lines 17 through 22)......... 479,602 332,909
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........... 14,606,386 13,303,933
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    
29 Total net assets or fund balances (see instructions)..... 14,606,386 13,303,933
30 Total liabilities and net assets/fund balances (see instructions). 15,085,988 13,636,842
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
14,606,386
2
Enter amount from Part I, line 27a .....................
2
-905,411
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,700,975
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
397,042
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,303,933
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 Publicly traded securities      
b Passthrough K-1 capial gain      
c Fixed asset disposal P    
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 3,590,965   2,699,011 891,954
b 2,755     2,755
c     708 -708
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       891,954
b       2,755
c       -708
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 2 894,001
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  
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 9,200
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 9,200
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 12,160
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,160
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 2,960
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,960 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)
    bulletTX
    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
     
    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 (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.mittefoundation.org
    14
    The books are in care ofbulletCarolyn Molstad Telephone no.bullet (512) 233-5599

    Located atbullet1008 West AvenueAustinTX ZIP+4bullet78701
    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)
    Yes
     
    (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
    Yes
     
    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
    RJ Mitte President
    4.00     		18,268 0 0
    1008 West Avenue
    Austin,TX78701
    John Butler Treasurer
    6.00     		16,788 0 0
    1008 West Avenue
    Austin,TX78701
    Dianne Carriere Secretary
    4.00     		16,788 0 0
    1008 West Avenue
    Austin,TX78701
    Tyler Carriere Director
    2.00     		14,436 0 0
    1008 West Avenue
    Austin,TX78701
    Joseph C McCormick Director
    2.00     		14,436 0 0
    1008 West Avenue
    Austin,TX78701
    James Mead Director
    2.00     		2,125 0 0
    1008 West Avenue
    Austin,TX78701
    Dyna Mitte Dir / Assoc Dir
    40.00     		172,576 3,163 0
    1008 West Avenue
    Austin,TX78701
    Roy De los Santos Director
    2.00     		14,436 0 0
    1008 West Avenue
    Austin,TX78701
    Ruth Anne Tomlinson Director
    2.00     		14,436 0 0
    1008 West Avenue
    Austin,TX78701
    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
    Carolyn Molstad Executive Director
    40.00     		196,031 3,921 0
    1008 West Avenue
    Austin,TX78701
    Julie Gunn Office Manager
    40.00     		83,882 1,678 0
    1008 West Avenue
    Austin,TX78701
    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 The Mitte Cultural District is a 501(c)(3) public charity organized by the City of Brownsville, Texas to promote and enhance historical, cultural, and educational activities through programming and cultural events. The Mitte Foundation development plans will provide venues and parking facilities designed to enhance the organizations ability to provide programs and events. In 2021, The Mitte Foundation devoted capital expenditures of $948,058 towards this project. 948,058
    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
    7,891,511
    b
    Average of monthly cash balances.......................
    1b
    244,883
    c
    Fair market value of all other assets (see instructions)................
    1c
    19,528,685
    d
    Total (add lines 1a, b, and c).........................
    1d
    27,665,079
    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
    27,665,079
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    414,976
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    27,250,103
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,362,505
    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
    1,362,505
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    9,200
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,200
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,353,305
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    5,000
    5
    Add lines 3 and 4............................
    5
    1,358,305
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,358,305
    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 1,358,305
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018...... 540,387
    d From 2019...... 586,274
    e From 2020...... 447,261
    f Total of lines 3a through e ........ 1,573,922
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,854,779
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,358,305
    e Remaining amount distributed out of corpus 496,474
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,070,396
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,070,396
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 540,387
    c Excess from 2019.... 586,274
    d Excess from 2020.... 447,261
    e Excess from 2021.... 496,474
    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
     
    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
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 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 e-mail address of the person to whom applications should be addressed:
    Coleith Molstad The Roy F Joann Col
    1008 West Avenue
    Austin,TX78701
    (512) 233-5579
    bThe form in which applications should be submitted and information and materials they should include:
    Go to www.mittefoundation.org for application
    cAny submission deadlines:
    Go to www.mittefoundation.org for application deadlines
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Go to www.mittefoundation.org for restrictions
    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
    Children's Museum of Brownsville
    501 E Ringgold Ste 5
    Brownsville,TX78520     		N/A PC Grant for architectural design fees for the Science Center expansion 25,000
    Mitte Cultural District
    PO Box 5006
    Brownsville,TX78523     		N/A PC Support for the Marketing and Membership Coordinator 47,100
    Mission Capital
    2028 E Ben White Blvd 2407723
    Austin,TX78741     		N/A PC Support for COVID-19 response & initial collaborative planning session in Brownsville 13,000
    Sruthi Keerthipati
    1604 Sienna Dr
    Cedar Park,TX78613     		None I Scholarship 10,000
    Shreejwal Dhakal
    13428 Campesina Dr
    Austin,TX78272     		None I Scholarship 10,000
    Sarah Bereket
    713 Caribou Ridge Trail
    Pflugerville,TX78660     		None I Scholarship 10,000
    Olivia Twining
    301 S Canyonwood Drive
    Dripping Springs,TX78620     		None I Scholarship 10,000
    Nathalie Jakubowski
    327 Lakemont Dr
    Hutto,TX78634     		None I Scholarship 10,000
    Morgan Garrison
    14405 Jacobson Rd
    Del Valle,TX78617     		None I Scholarship 10,000
    Maryrose Nguyen
    1509 Lady Grey Ave
    Pflugerville,TX78660     		None I Scholarship 5,000
    Mary Catherine Legreid
    462 Sand Trail
    New Braunfels,TX78130     		None I Scholarship 10,000
    Mallory Hoffman
    1814 Cattle Dr
    Cedar Park,TX78613     		None I Scholarship 10,000
    Lizbeth Lozano
    1525 East Palm Valley Blvd 504
    Round Rock,TX78664     		None I Scholarship 10,000
    Lillian Perry
    400 Dove Wing
    Cibolo,TX78108     		None I Scholarship 10,000
    Lawren Sabino
    1401 E Rundberg Ln
    Austin,TX78753     		None I Scholarship 10,000
    Kelton T Hooker
    104 Madison Lane
    Thrall,TX76578     		None I Scholarship 10,000
    Katelyn A Landry
    11506 Dimmit St
    Manor,TX78653     		None I Scholarship 10,000
    Kalkidan Mitiku
    16701 N Heather Wild Blvd Apt 218
    Pflugerville,TX78660     		None I Scholarship 10,000
    Joshua Russell
    161 Housefinch Loop
    Leander,TX78641     		None I Scholarship 10,000
    Josh Sharpe
    134 Huskey Trail
    Paige,TX78659     		None I Scholarship 10,000
    Johnny T Dang
    6705 Tulloch Way
    Austin,TX78754     		None I Scholarship 10,000
    Jack Lance
    9801 Derecho Bend
    Austin,TX78737     		None I Scholarship 10,000
    Hunter S Mitchell
    19500 US 281 North
    San Antonio,TX78258     		None I Scholarship 10,000
    Hadis Askari
    603 Broken Feather Trail
    Pflugerville,TX78660     		None I Scholarship 10,000
    Evan Mayhew
    2211 Summit Ridge Dr
    San Marcos,TX78666     		None I Scholarship 10,000
    Edward Afenkhena
    19824 cheyenne valley dr
    Round Rock,TX78664     		None I Scholarship 10,000
    Eberardo Trejo
    1101 Clayton Lane Apt235
    Austin,TX78723     		None I Scholarship 10,000
    Destanie Maese
    13409 William Mckinley Way
    Manor,TX78653     		None I Scholarship 10,000
    Dallas Frisbie
    3628 Tilden Trail
    New Braunfels,TX78132     		None I Scholarship 10,000
    Cristina Rojo
    PO Box 1152
    Buda,TX78610     		None I Scholarship 10,000
    Cristina Harvey
    124 East South Main St
    Flatonia,TX78941     		None I Scholarship 10,000
    Cody Bagwell
    112 Green Valley Drive
    Leander,TX78641     		None I Scholarship 10,000
    Chelsea Palecek
    503 Arroyo Vista Drive
    Manchaca,TX78652     		None I Scholarship 10,000
    Cassidy E Wagner
    1427 Greenlawn Pkwy
    Blanco,TX78606     		None I Scholarship 10,000
    Brooklyn Hood
    102 Lower Wood Ln
    Bastrop,TX78602     		None I Scholarship 10,000
    Brienna Martinez
    1603 Ashberry Dr
    Austin,TX78723     		None I Scholarship 10,000
    Ashantiana Odu
    13609 Richard Nixon Street
    Manor,TX78653     		None I Scholarship 10,000
    Angelica Orosco
    215 Wooded Way
    Bertram,TX78605     		None I Scholarship 10,000
    Angelica Morales
    2095 Aviation Avenue
    Schertz,TX78154     		None I Scholarship 10,000
    Amy R Lucas
    165 Middle Creek Rd
    Fredericksburg,TX78624     		None I Scholarship 10,000
    Total .................................bullet 3a 450,100
    bApproved for future payment
    Dean Porter Park Renovation
    35 Calle Jacaranda
    Brownsville,TX78520     		N/A PC Support for the commission & installation of the "Circle of Peace" sculpture 20,000
    Mitte Cultural District
    PO Box 5006
    Brownsville,TX78523     		N/A PC Support for the Marketing and Membership Coordinator 22,900
    Total .................................bullet 3b 42,900
    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 13,610  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    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 ............     		    18 894,001  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Income     		525990 37,400 14 32,353  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 37,400 1,094,551 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,131,951
    (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:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit 15,430 7,715   7,715
    Bookkeeping 9,815 616   9,199
    Tax preparation fees 13,300 5,650   6,650

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

    TY 2021 DepreciationSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    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
    Computer Equipment 2010-01-01 107,499 104,287 SL 5.000000000000 800 0    
    Furniture & Fixtures 2010-01-01 218,604 199,632 SL 10.000000000000 3,108 0    
    Building 2020-01-01 1,992,427 327,993 SL 40.000000000000 33,755 0    
    Land 2020-01-01 1,690,538   L   0 0    

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MFB Northern Funds Bd Index Fd 473,777 473,777
    MFC Flexshares Tr Tr Iboxx 3 Yr Target Duration 52,673 52,673
    MFC Ishares Trust Intermediate Term Corp Bond 227,656 227,656
    MFC Special Opportunities Fd Inc Com 134,199 134,199
    MFO Blackrock Fds V High Yield Bd Port Instlcl 265,125 265,125
    MFO Franklin Temp Emerging Mkts Debt Opp 35,212 35,212

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Alarm Com Hldgs Inc 108,727 108,727
    Alteryx Inc Com Cl A Com Cl A 113,619 113,619
    Block Inc 81,886 81,886
    Box Inc 180,056 180,056
    Comscore Inc 40,234 40,234
    Core Laboratories 97,182 97,182
    Despegar Com Corp 174,850 174,850
    Fairfax Finl Hldgs Ltd Sub 161,911 161,911
    Greenlight Capital Re Ltd 95,123 95,123
    Kinder Morgan Inc Del 85,961 85,961
    MFB Northern Equity Index Funds Intl Eqt Index 260,433 260,433
    MFB Northern Funds Emerging Markets Equityindex 68,949 68,949
    MFB Northern Funds Stk Index Fd 247,788 247,788
    MFB Northern Multi Manager Global Listed infrastructure 54,300 54,300
    MFC Flexshares Tr Morningstar Developed Markets 404,255 404,255
    MFC Flexshares Tr Morningstar Global 249,024 249,024
    MFC Flexshares Tr Morningstar Us Mkt 445,834 445,834
    MFC Ishares Core S&P Mid-Cap Etf 144,654 144,654
    MFC Vanguard Intl Equity Index Fds 155,156 155,156
    MFO Dfa Invt Dimensions Group Emerging Mkts Core Equity 178,082 178,082
    MFO DFA Invt Dimensions Group Inc U S Core Equity 178,263 178,263
    MFO DFA Us Small Cap Portfolio 90,201 90,201
    Pegasystems Inc Com 135,190 135,190
    Special Opportunities Fd Inc 76 76
    Stitch Fix Inc Cl A Cl A 18,352 18,352
    Tripadvisor Inc Com Usd0.001 64,007 64,007
    Trupanion Inc Com Cusip 102,719 102,719
    Workday Inc Cl 214,720 214,720
    Zuora Inc Cl 149,608 149,608

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BGCP Development I, LP AT COST 0 13,544
    BGCP Holdings II, LP. AT COST 300,000 304,500
    Brookfield Asset Mgmt FMV 147,267 147,267
    Brookfield Asset Mgmt Reins Par Ltd Cl FMV 1,002 1,002
    CF UBS (Us) Trumbull Property Lp Fund FMV 327,044 327,044
    MFB Northern Fds Global Real Estate FMV 125,189 125,189
    Surmard Oaks Investments, LLC FMV 1,343 1,343
    WC 3rd and Congress LP AT COST 1,000,000 8,135,928
    WS 1ST and Trinity LP AT COST 2,000,000 11,416,000

    TY 2021 LandEtcSchedule2
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Computer Equipment 107,499 105,087 2,412  
    Furniture & Fixtures 218,604 202,740 15,864  
    Building 1,992,427 361,748 1,630,679  
    Land 1,690,538 0 1,690,538  


    TY 2021 LegalFeesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 689,576 251,901   2,633


    TY 2021 OtherDecreasesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Description Amount
    Taxable income adjustments for partnership investments 6,381
    Unrealized decrease in value of investment 390,661


    TY 2021 OtherExpensesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank charges 577 151   426
    Membership dues 1,525 348   1,177
    Equip rental & lease 4,208 1,105   3,103
    Insurance 25,156 5,505   21,211
    Internet 2,237 254   1,983
    Advertising 2,800 0   2,800
    Office expense 3,446 477   2,969
    Postage 388 103   285
    Telephone 4,937 962   3,975
    Licenses/permits/software 1,207 0   1,207
    K-1 expenses 3,517 3,517   0


    TY 2021 OtherIncomeSchedule2
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Income 69,753 32,353 69,753


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management fees 27,597 27,597   0
    Payroll service fees 2,596 681   1,915
    Computer support services 268 70   198
    Consulting 6,784 2,231   700
    Scholarship program administration 29,950 0   29,950


    TY 2021 TaxesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Property tax 27,474 95   55,587
    Franchise tax 51 0   0