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
The Steele Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)4131 N 36th St 1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHOENIX, AZ85018
A Employer identification number

95-3466880
B Telephone number (see instructions)

(602) 850-9804
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$104,549,795J 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 277 277  
4 Dividends and interest from securities... 704,069 704,069  
5a Gross rents............ 186,044 186,044  
b Net rental income or (loss) 132,788
6a Net gain or (loss) from sale of assets not on line 10 6,380,662
b Gross sales price for all assets on line 6a 10,370,169
7 Capital gain net income (from Part IV, line 2)... 6,380,222
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 306,720 312,773  
12 Total. Add lines 1 through 11........ 7,577,772 7,583,385  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 428,551 85,710   342,841
14 Other employee salaries and wages...... 108,084 6,250   101,834
15 Pension plans, employee benefits....... 81,496 16,299   65,196
16a Legal fees (attach schedule)......... Click to see attachment 4,400 4,400    
b Accounting fees (attach schedule)....... Click to see attachment 66,174 33,912   32,262
c Other professional fees (attach schedule).... Click to see attachment 338,497 310,847   27,650
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 282,426 258,073   4,353
19 Depreciation (attach schedule) and depletion... Click to see attachment 107,415    
20 Occupancy.............. 14,392     14,392
21 Travel, conferences, and meetings....... 3,255 3,255    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 101,698 57,072   44,626
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,536,388 775,818   633,154
25 Contributions, gifts, grants paid....... 4,285,418 4,285,418
26 Total expenses and disbursements. Add lines 24 and 25 5,821,806 775,818   4,918,572
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,755,966
b Net investment income (if negative, enter -0-) 6,807,567
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............. 410,472 71,889 71,889
2 Savings and temporary cash investments......... 84,940 4,426,178 4,426,178
3 Accounts receivable bullet1,518,695
Less: allowance for doubtful accounts bullet   7,518 1,518,695 1,634,750
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 325,833 113,741 1,054,457
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet4,674,000
Less: accumulated depreciation (attach schedule) bullet   5,294,000 Click to see attachment4,674,000 6,140,000
12 Investments—mortgage loans............. 3,399,204 1,259,257 1,259,257
13 Investments—other (attach schedule).......... 52,468,157 Click to see attachment51,788,815 88,166,255
14 Land, buildings, and equipment: basis bullet3,724,925
Less: accumulated depreciation (attach schedule) bullet382,713 3,440,407 Click to see attachment3,342,212 1,796,859
15 Other assets (describe bullet) Click to see attachment150 Click to see attachment150 Click to see attachment150
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 65,430,681 67,194,937 104,549,795
Liabilities 17 Accounts payable and accrued expenses.......... 9,892 18,165
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment5,949 Click to see attachment5,948
23 Total liabilities (add lines 17 through 22)......... 15,841 24,113
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 65,414,840 67,170,824
29 Total net assets or fund balances (see instructions)..... 65,414,840 67,170,824
30 Total liabilities and net assets/fund balances (see instructions). 65,430,681 67,194,937
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
65,414,840
2
Enter amount from Part I, line 27a .....................
2
1,755,966
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
18
4
Add lines 1, 2, and 3 ..........................
4
67,170,824
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
67,170,824
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 Adamas ST Gain P 2021-06-20 2021-09-20
b Adamas LT Gain P 2021-06-20 2021-09-20
c ALJ LT Gain P 2021-06-20 2021-09-20
d Arrowstreet ST Gain P 2021-06-20 2021-09-20
e Arrowstreet LT Gain P 2021-06-20 2021-09-20
Arrowstreet Sec 1256 Loss P 2021-06-20 2021-09-20
Blum 2 LT Gain P 2021-06-20 2021-09-20
Blum 3 ST Gain P 2021-06-20 2021-09-20
Blum 3 LT Gain P 2021-06-20 2021-09-20
Blum 4 LT Gain P 2021-06-20 2021-09-20
Kempner ST Gain P 2021-06-20 2021-09-20
Kempner LT Gain P 2021-06-20 2021-09-20
Kempner Sec 1256 Gain P 2021-06-20 2021-09-20
EDHI DR Loss P 2021-06-20 2021-09-20
EDHI TR Gain P 2021-06-20 2021-09-20
Farallon ST Loss P 2021-06-20 2021-09-20
Farallon LT Gain P 2021-06-20 2021-09-20
Farallon Sec 1256 Loss P 2021-06-20 2021-09-20
LL Mortgage ST Gain P 2021-06-20 2021-09-20
LL Mortgage LT Gain P 2021-06-20 2021-09-20
Lone Cascade ST Gain P 2021-06-20 2021-09-20
Lone Cascade LT Gain P 2021-06-20 2021-09-20
Moonrise 2 ST Gain P 2021-06-20 2021-09-20
Moonrise 2 LT Gain P 2021-06-20 2021-09-20
Moonrise 3 LT Loss P 2021-06-20 2021-09-20
Pacific Marina CIB P 2021-06-20 2021-09-20
VP 2 Loan Interest P 2021-06-20 2021-09-20
Wellington ST Gain P 2021-06-20 2021-09-20
Wellington LT Loss P 2021-06-20 2021-09-20
Wellington Sec 1256 P 2021-06-20 2021-09-20
ABCDW P 2021-06-20 2021-09-20
Accolade 1231 Loss P 2021-06-20 2021-09-20
Accolade ST Gain P 2021-06-20 2021-09-20
Accolade LT Gain P 2021-06-20 2021-09-20
Nutanix P    
Dover St P    
Publicly Traded Securities P 2019-06-30 2021-06-30
Killiam Bay A&B parcels P 2019-06-30 2021-01-29
Stone Canyon Note Foreclosure P 2021-06-20 2021-09-20
Steel Canyon, LLC - ST Cap Gain/Loss P 2021-06-20 2021-09-20
Steel Canyon - LT Cap Gain/Los P 2019-06-30 2021-06-30
Killiam Bay 5658 parcel P 2012-06-30 2021-01-29
(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 68,776     68,776
b 154,272     154,272
c 105,316     105,316
d 642,335     642,335
e 693,927     693,927
2,201     -2,201
100,239     100,239
43,026     43,026
512,756     512,756
452,442     452,442
64,805     64,805
72,990     72,990
15,777     15,777
583,003     583,003
25,601     25,601
15,549     -15,549
71,334     71,334
7,489     -7,489
1,283     1,283
1,246     1,246
112,333     112,333
344,130     344,130
2,832     2,832
16,585     16,585
28     -28
517,068     -517,068
35,869     35,869
116,636     116,636
1,700     -1,700
237,125     237,125
2,596     2,596
1     -1
4,029     4,029
62,660     62,660
299,379     299,379
11,081     11,081
2,065,436   19,507 2,045,929
623,564   905,000 -281,436
1,250,000   2,100,000 -850,000
199,657     199,657
271,128     271,128
1,649,597   965,000 684,597
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       68,776
b       154,272
c       105,316
d       642,335
e       693,927
      -2,201
      100,239
      43,026
      512,756
      452,442
      64,805
      72,990
      15,777
      583,003
      25,601
      -15,549
      71,334
      -7,489
      1,283
      1,246
      112,333
      344,130
      2,832
      16,585
      -28
      -517,068
      35,869
      116,636
      -1,700
      237,125
      2,596
      -1
      4,029
      62,660
      299,379
      11,081
      2,045,929
      -281,436
      -850,000
      199,657
      271,128
      684,597
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 6,380,222
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  
3 Add lines 1 and 2........................... 3 94,625
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 94,625
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 59,644
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 67,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 126,644
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 32,019
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet32,019 RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAZ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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.steeleaz.org
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (602) 850-9804

    Located atbullet4131 N 36th StPHOENIXAZ ZIP+4bullet85018
    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
    marianne cracchiolo mago President
    40.00     		428,552 41,785  
    4131 N 36th Street 1
    phoenix,AZ85018
    andy abraham Secretary
    1.00     		0    
    4131 N 36th Street 1
    phoenix,AZ85018
    andy cracchiolo Director
    1.00     		0    
    4131 N 36th Street 1
    phoenix,AZ85018
    Jeff Fishman Director
    1.00     		0    
    4131 N 36th Street 1
    Phoenix,AZ85018
    Daniel Cracchiolo Chairman
    1.00     		0    
    4131 N 35th St 1
    Phoenix,AZ85018
    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
    Dana McClean Exec Asst
    40.00     		70,750 16,710  
    4131 N 36th Street 1
    Phoenix,AZ85018
    Total number of other employees paid over $50,000...................bullet  
    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
    Cambridge Associates Investment Advisory SVCS 175,000
    125 High Street
    Boston,MA02110
    BOSS Advisors Accounting Services 64,524
    4824 E Baseline Rd Ste 101
    Mesa,AZ85206
    Jones Emery Legal 99,242
    1212-1175 Douglas St
    Victoria,BCV8W 2E1
    CA
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 DC SCHOLARSHIP PROGRAM THE PURPOSE OF THE SCHOLARSHIP PROGRAM IS TO AWARD SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS WHO HAVE SHOWN THE PASSION TO SUCCEED DESPITE FACING ECONOMIC CHALLENGES. BECAUSE MANY OF THESE STUDENTS RECEIVE INSUFFICIENT FUNDS TO COVER BASIC TUITION AND FEES FOR THE SCHOOL, THE FOUNDATION MAKES GRANTS TO COVER SOME OR ALL OF THE GAP BETWEEN THE STUDENT'S COSTS AND THE SCHOOL'S FINANCIAL AID, SUCH AS BASIC SUPPLIES, TRANSPORTATION, TRAVEL, AND LIVING EXPENSES. IN 2021, THE SCHOLARSHIP PROGRAM HELPED FIVE STUDENTS WITH THEIR COLLEGE EXPENSES, PROVIDING SUPPORT TOTALING $33,000. THE FOUNDATION STRICTLY FOLLOWS ITS SCHOLARSHIP GRANTING PROCEDURES AS OUTLINED IN ITS IRS ADVANCE APPROVAL LETTER, INCLUDING THE USE OF A GRANT SELECTION COMMITTEE, STUDENT GPA AND REPORTING REQUIREMENTS, AND MONITORING USE OF FUNDS, AMONG OTHER THINGS. 33,068
    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.........................bullet  
    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
    2,857,096
    b
    Average of monthly cash balances.......................
    1b
    1,994,049
    c
    Fair market value of all other assets (see instructions)................
    1c
    95,844,342
    d
    Total (add lines 1a, b, and c).........................
    1d
    100,695,487
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    100,695,487
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,510,432
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    99,185,055
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    4,959,253
    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
    4,959,253
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    94,625
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    94,625
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,864,628
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,864,628
    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
    4,864,628
    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 4,864,628
    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...... 136,602
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 136,602
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 4,918,572
    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)........     		0
    d Applied to 2021 distributable amount..... 4,864,628
    e Remaining amount distributed out of corpus 53,944
    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 5 190,546
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 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 ......     		190,546
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018.... 136,602
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021.... 53,944
    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 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
    All Saints' Episcopal Day School
    6300 N Central Ave
    Phoenix,AZ85012     		NONE PC Passion Purpose Impact Campaign 250,000
    Arizona Community Foundation
    2201 East Camelback Rd Ste 405B
    Phoenix,AZ85016     		NONE PC Summer Youth Program Fund 25,000
    Arizona Community Foundation
    2201 East Camelback Rd Ste 405B
    Phoenix,AZ85016     		NONE PC 2021 Arizona Together for Impact 10,000
    Arizona Community Foundation
    2201 East Camelback Rd Ste 405B
    Phoenix,AZ85016     		NONE PC Arizona Leads 500,000
    Arizona Science Center
    600 E Washington St
    Phoenix,AZ85004     		NONE PC Chevy Humphry 4th Grade Scholarships 250,000
    ASU Foundation
    PO Box 2260
    Tempe,AZ85280     		NONE PC Daniel Cracchiolo Chair in Civil & Criminal Law 200,000
    Barrow Neurological Foundation
    350 West Thomas Rd
    Phoenix,AZ85013     		NONE PC Barrow Women's Board -2021 donation 25,000
    Be A Leader Foundation
    1717 West Northern Ave Ste 116
    Phoenix,AZ85021     		NONE PC Class of 2020 Postsecondary Re-Engagement Initiative - Vision 2020 55,000
    Brophy College Preparatory
    4701 North Central Avenue
    Phoenix,AZ85012     		NONE PC Brophy Summer Enrichment Program 26,250
    Brophy College Prepartory
    4701 North Central Avenue
    Phoenix,AZ85012     		NONE PC Generations Endowment Fund 250,000
    Camp Stone Scholarship Fund
    2437 S Green Road
    Beachwood,OH44122     		NONE PC Scholarship Fund 5,000
    Cardozo School of Law
    55 5th Avenue
    New York,NY10003     		NONE PC Scholarship Fund 5,000
    Center for the Future of AZ
    541 E Van Buren Ste B-5
    Phoenix,AZ85004     		NONE PC Expand Participatory Budget Program 150,000
    Chabad at Washington Universirt STL
    7018 Forsyth Blvd
    St Louis,MO63105     		NONE PC General Operating Purposes 5,000
    Childsplay
    990 South Mitchell Drive
    Tempe,AZ85281     		NONE PC Virtual Field Trips COVID Funding 20,000
    Childsplay
    990 South Mitchell Avenue
    Tempe,AZ85281     		NONE PC Storybook Preview Program 2021-22 Season 30,000
    Cochise College
    4190 West State Highway
    Douglas,AZ85607     		NONE PC Andrea Cracchilolo Library Fund 25,000
    College Success Arizona
    4040 East Camelback Road STE 220
    Phoenix,AZ85018     		NONE PC Steele Foundation/St. John Vianney Scholars 10,000
    Community Food Bank of Southern Ari
    3003 S Country Club Road
    Tucson,AZ85713     		NONE PC COVID 19 Support 25,000
    Donors Choose
    1535 W Jefferson Street
    Phoenix,AZ85007     		NONE PC Back to School Project Funding in AZ 250,000
    Education Resource Strategies
    480 Pleasant Street
    Watertown,MA02472     		NONE PC AZ Edu. Recruitment & Retention Community of Practice 136,000
    Heard Museum
    2301 N Central Avenue
    Phoenix,AZ85004     		NONE PC General Support 10,000
    Heard Museum
    2301 N Central Avenue
    Phoenix,AZ85004     		NONE PC Evolving Family and Youth Involvement Activities 100,000
    Jewish Community Center
    12701 N Scottsdale Rd Ste 202
    Scottsdale,AZ85254     		NONE PC Jewish Community Center - 2021 Donation 10,000
    Kids in Focus
    4455 E Camelback Rd Ste A215
    Phoenix,AZ85018     		NONE PC General Support 10,000
    Literacy Connects
    200 E Yavapai Road
    Tucson,AZ85705     		NONE PC Capacity Building Reading Seed Program 150,000
    Lowell Observatory
    1400 W Mars Hill Road
    Flagstaff,AZ86001     		NONE PC The Steele Learning Center Renovations 125,000
    Make Way for Books
    700 N Stone Avenue
    Tucson,AZ85705     		NONE PC Digital Learning Platform/Virtual Story School 250,000
    Mesa Arts Center Foundation
    1 East Main Street
    Mesa,AZ85201     		NONE PC Project Lit 2021/2022 School Year Funding 50,000
    Nourish PHX
    501 South 9th Avenue
    Phoenix,AZ85007     		NONE PC Capacity Building 70,000
    Paradise Valley United Methodist Ch
    4455 Lincoln Drive
    Paradise Valley,AZ85253     		NONE PC General Support 15,000
    Read on ArizonaACF
    1202 East Missouri Avenue
    Phoenix,AZ85014     		NONE PC Read on Arizona, Accelerating Early Literacy 250,000
    Rosie's House
    919 East Jefferson Street
    Phoenix,AZ85034     		NONE PC $5 Million More Than Music Campaign 250,000
    Sharsheret
    1086 Teaneck Rd
    Teaneck,NJ07666     		NONE PC General Support 5,000
    Slow Food Phoenix
    PO Box 616
    Phoenix,AZ85001     		NONE PC Blue Watermelon Project 70,000
    Sounds Academy
    2927 East Campbell Avenue
    Phoenix,AZ85016     		NONE PC Capacity Building 25,000
    St Vincent de Paul
    PO Box 13600
    Phoenix,AZ85002     		NONE PC Eviction Prevention Programming 50,000
    St Vincent de Paul
    420 West Watkins Road
    Phoenix,AZ85003     		NONE PC Turkey Tuesday 15,000
    Support My Club
    5070 North 40th Street Ste 110
    Phoenix,AZ85018     		NONE PC Matching Program to Expand Capacity 25,000
    Temple Solel
    6805 East McDonald Drive
    Paradise Valley,AZ85253     		NONE PC General Support 25,000
    The Challenge Foundation
    6300 North Central
    Phoenix,AZ85012     		NONE PC Capacity Building 50,000
    The Salvation Army
    4650 North 65th Street
    Scottsdale,AZ85251     		NONE PC Christmas Angel Program 50,000
    The United Food Bank
    245 South Nina Drive
    Mesa,AZ85210     		NONE PC COVID 19 Support 25,000
    UC Berkeley Foundation
    1995 University Avenue
    Berkeley,CA94704     		NONE PC General Support to Jewish Std Assoc (FN6366000) 5,000
    UMOM New Day Centers Inc
    3333 East Van Buren Street
    Phoenix,AZ85008     		NONE PC COVID 19 Support 25,000
    University of Arizona Foundation
    1111 North Cherry Avenue
    Tucson,AZ85721     		NONE PC PANDA 25,000
    UofA Foundation Camp Cooper
    1111 North Cherry Avenue
    Tucson,AZ85721     		NONE PC Camp Cooper Center Team Expansion 90,100
    Valley of the Sun YMCA
    350 North 1st Avenue
    Phoenix,AZ85003     		NONE PC Launch Preschool Program 200,000
    Yuma Community Food Bank
    2404 East 24th Street
    Yuma,AZ85265     		NONE PC COVID 19 Supoort 25,000
    DC Scholar - Brandon
    4131 North 36th Street Ste 1
    Phoenix,AZ85018     		NONE I Scholarship 300
    DC Scholar - Charlie
    4131 North 36th Street Ste 1
    Phoenix,AZ85018     		NONE I Scholarship 5,939
    DC Scholar - Nelson
    4131 North 36th Street Ste 1
    Phoenix,AZ85018     		NONE I Scholarship 7,913
    DC Scholar - Robert
    4131 North 36th Street Ste 1
    Phoenix,AZ85018     		NONE I Scholarship 9,356
    DC Scholar - Sebastien
    4131 North 36th Street Ste 1
    Phoenix,AZ85018     		NONE I Scholarship 9,560
    Total .................................bullet 3a 4,285,418
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 277  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 132,788  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 440 18 6,380,222  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMortgage Loan Interest     		    14 95,824  
    bPartnership Income 525990 -6,866 1 217,762  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -6,426 7,530,942  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,524,516
    (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: 21013485
    Software Version: 2021v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOSS Advisors 64,524 32,262 0 32,262
    McAvoy Rule and Company 1,650 1,650 0 0

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

    TY 2021 DepreciationSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Steele Building 2018-09-30 2,762,674 189,406 SL 2.56 % 70,835      
    Land Improvements- ABCO 2018-09-30 189,065 31,524 SL 6.67 % 12,611      
    Building Improvements 2019-11-19 175,010 5,049 SL 2.56 % 4,487      
    Mac Laptop MCM 2018-01-17 1,988 995 SL 20.00 % 398      
    Printer 2018-01-17 3,693 1,847 SL 20.00 % 739      
    Mac Computer 2018-02-14 3,217 1,608 SL 20.00 % 643      
    iPad MCM 2018-04-18 1,364 682 SL 20.00 % 273      
    Phone System 2018-04-18 1,956 978 SL 20.00 % 391      
    Computer LR 2018-06-20 1,772 885 SL 20.00 % 354      
    Lights 2018-09-30 2,198 785 SL 14.28 % 314      
    Cabinetry and Millwork 2018-09-30 63,465 22,671 SL 14.28 % 9,063      
    Kitchen Appliances 2018-09-30 6,740 2,407 SL 14.28 % 962      
    Wooden Chest foyer 2018-10-24 4,561 1,630 SL 14.28 % 651      
    Medical Cabinet bathroom 2018-10-24 1,466 523 SL 14.28 % 209      
    Cole Steele File Cabinet 2018-10-24 1,520 543 SL 14.28 % 217      
    9 Section Black Bookcase 2018-10-24 1,195 427 SL 14.28 % 171      
    Desk MCM 2018-10-24 2,268 810 SL 14.28 % 324      
    Office Chairs LR 2018-11-28 2,519 900 SL 14.28 % 360      
    Artwork 2018-11-28 2,159 772 SL 14.28 % 308      
    Artwork 2018-12-11 6,125 2,188 SL 14.28 % 875      
    White Desk, mirrors, planters 2018-12-11 7,745 2,767 SL 14.28 % 1,106      
    4 Drawer Desk foyer 2018-12-19 2,473 883 SL 14.28 % 353      
    Land Improvements 2019-03-21 13,207 1,321 SL 6.67 % 881      
    Building Improvements - Suite 1 2019-11-19 10,223 295 SL 2.56 % 262      
    2021 Building Improvements 2021-06-30 3,425   SL 1.39 % 48      
    2021 Office Equipment 2021-06-30 5,795   SL 10.00 % 580      

    TY 2021 InvestmentsLandSchedule2
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 4,674,000   4,674,000 6,140,000

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Vanguard Intermediate Term ETF AT COST 7,599,917 7,410,824
    VANGUARD SHORT TERM INFLATION TIPS AT COST 1,700,995 1,764,521
    ARTISAN GLOBAL VALUE FUND AT COST 2,398,725 3,150,211
    CAUSEWAY EMERGING MARKETS FUND AT COST 872,148 876,157
    Bailey Gifford AT COST 750,000 798,313

    TY 2021 LandEtcSchedule2
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 104,434 52,219 52,215  
    Machinery and Equipment 17,392 13,195 4,197  
    Buildings 2,762,674 260,241 2,502,433 1,796,859
    Improvements 396,725 57,058 339,667  
    Land 443,700   443,700  


    TY 2021 LegalFeesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Burch and Cracchiolo 4,400 4,400 0 0


    TY 2021 OtherAssetsSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
      150 150  
    Security Deposit     150


    TY 2021 OtherExpensesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Charges 985 985    
    Dues 3,699     3,699
    Insurance 6,862 445   6,417
    Meals 6,035     6,035
    Office Supplies 13,451     13,451
    Other Expenses 13,102     13,102
    Payroll Service 693 139   554
    Postage 581     581
    Real Estate Expenses 2,247 2,247    
    Rental Expenses 53,256 53,256    
    Repairs 787     787


    TY 2021 OtherIncomeSchedule2
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Mortgage Loan Interest 95,824 95,824  
    Partnership Income 210,896 216,949  


    TY 2021 OtherIncreasesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Description Amount
    Rounding 18


    TY 2021 OtherLiabilitiesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Security Deposits - Rental Prop 5,948 5,948
    Rounding 1  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bob Drury 23,029 23,029 0 0
    Cambridge 175,000 175,000 0 0
    Ewing Consulting 5,000 0 0 5,000
    Greer Method 5,500 0 0 5,500
    HAPI 12,750 0 0 12,750
    Jones Emery 99,242 99,242 0 0
    Miscellaneous 1,903 1,903 0 0
    TB Consulting 4,400 0 0 4,400
    Wellington 11,673 11,673 0 0


    TY 2021 TaxesSchedule
    Name:
    The Steele Foundation Inc
    EIN:
    95-3466880
    Software ID:
    21013485
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 10,000      
    Foreign Taxes 192,608 192,608    
    Property Tax 69,818 65,465   4,353
    UBI Tax 10,000