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
EDMUNDS FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)11811 N TATUM BLVD STE 1060
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHOENIX, AZ85028
A Employer identification number

20-0493224
B Telephone number (see instructions)

(602) 867-5058
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$2,508,945J 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) 600,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 46,338 27,261 46,338
4 Dividends and interest from securities... 20,436 20,436 20,436
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -705
b Gross sales price for all assets on line 6a 810,283
7 Capital gain net income (from Part IV, line 2)... 999
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 666,069 48,696 66,774
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 934 934    
b Accounting fees (attach schedule)....... Click to see attachment 4,452 4,452    
c Other professional fees (attach schedule).... Click to see attachment 10,704 10,704    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,000      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,090 16,090   0
25 Contributions, gifts, grants paid....... 150,000 150,000
26 Total expenses and disbursements. Add lines 24 and 25 168,090 16,090   150,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 497,979
b Net investment income (if negative, enter -0-) 32,606
c Adjusted net income (if negative, enter -0-)... 66,774
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............. 14,179 506,794 506,794
2 Savings and temporary cash investments......... 183,212 55,232 55,232
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 460,698 Click to see attachment349,520 334,106
b Investments—corporate stock (attach schedule)....... 560,090 Click to see attachment843,390 879,576
c Investments—corporate bonds (attach schedule)....... 708,356 Click to see attachment716,378 733,237
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,926,535 2,471,314 2,508,945
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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 1,926,535 2,471,314
29 Total net assets or fund balances (see instructions)..... 1,926,535 2,471,314
30 Total liabilities and net assets/fund balances (see instructions). 1,926,535 2,471,314
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
1,926,535
2
Enter amount from Part I, line 27a .....................
2
497,979
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
46,800
4
Add lines 1, 2, and 3 ..........................
4
2,471,314
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
2,471,314
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 999
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........................... 3 453
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- ..... 5 453
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 2,430
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,430
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 1,977
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet1,977 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
 
 
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 addressbulletN/A
    14
    The books are in care ofbulletSTEVEN K URKE Telephone no.bullet (602) 867-5058

    Located atbullet11811 N TATUM BLVDSTE 1060PHOENIXAZ ZIP+4bullet85028
    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)
     
    No
    (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
     
     
    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
     
     
    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
    STEVEN K URKE DIRECTOR
    000.00     		0 0 0
    11811 N TATUM BLVD
    STE 1060
    PHOENIX,AZ85028
    JANE EDMUNDS DIRECTOR
    000.00     		0 0 0
    11811 N TATUM BLVD
    STE 1060
    PHOENIX,AZ85028
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................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
    NONE
    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  
    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 N/A  
    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
    61,352
    b
    Average of monthly cash balances.......................
    1b
    1,968,534
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,029,886
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    2,029,886
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    30,448
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    1,999,438
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    99,972
    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
    99,972
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    453
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    453
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    99,519
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    99,519
    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
    99,519
    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 99,519
    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...... 65,096
    b From 2017...... 10,511
    c From 2018...... 2,506
    d From 2019...... 3,459
    e From 2020...... 3,230
    f Total of lines 3a through e ........ 84,802
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 150,000
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 99,519
    e Remaining amount distributed out of corpus 50,481
    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 5 135,283
    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) ...     		65,096
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		70,187
    10 Analysis of line 9:
    a Excess from 2017.... 10,511
    b Excess from 2018.... 2,506
    c Excess from 2019.... 3,459
    d Excess from 2020.... 3,230
    e Excess from 2021.... 50,481
    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:
    STEVEN K URKE
    11811 N TATUM BLVD
    SUITE 1060
    PHOENIX,AZ85028
    (602) 867-5058
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER WITH REQUEST, PROGRAMS TO BE FUNDED, PURPOSE, AND 501(C)(3) LETTER
    cAny submission deadlines:
    ANNUALLY BY OCTOBER 1ST OF EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO RESTRICTIONS OTHER THAN THE DIRECTORS CAN SELECT WHICH CHARITIES ARE OF INTEREST TO THE FOUNDATION.
    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
    ASU FOUNDATION
    PO BOX 2260
    TEMPE,AZ85280     		501(C)(3) CURRENT EDUCATION 25,000
    VALLEY PRESBYTERIAN CHURCH
    6947 E MCDOWELL RD
    PARADISE VALLEY,AZ85253     		501(C)(3) CURRENT BUILDING FUND 62,000
    WOMENS BOARD OF BARROWS
    NEUROLOGICAL FOUNDATION
    350 W THOMAS RD
    PHOENIX,AZ85013     		501(C)(3) CURRENT MEDICAL RESEARCH 12,000
    TGEN FOUNDATION
    445 NORTH FIFTH ST
    STE 120
    PHOENIX,AZ85004     		501(C)(3) CURRENT PANCREATIC CANCER RESEARCH 20,000
    MAYO FOUNDATION
    13400 E SHEA BLVD
    SCOTTSDALE,AZ85259     		501(C)(3) CURRENT MEDICAL RESEARCH 12,000
    PHOENIX CHILDREN'S HOSPITAL
    FOUNDATION
    2929 E CAMELBACK RD
    STE 122
    PHOENIX,AZ85016     		501(C)(3) CURRENT MEDICAL NEEDS 9,000
    AMERICAN HEART ASSOCIATION
    7272 GREENVILLE AVE
    DALLAS,TX75231     		501(C)(3) CURRENT MEDICAL RESEARCH 10,000
    Total .................................bullet 3a 150,000
    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 46,338  
    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 ............     		        -705
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   66,774 -705
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    66,069
    (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:
    EDMUNDS FAMILY FOUNDATION INC
    EIN:
    20-0493224
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,452 4,452    

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    EDMUNDS FAMILY FOUNDATION INC
    EIN:
    20-0493224
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    FHLB 3.06% 2019-12 PURCHASE 2021-01   25,000 25,303     -303  
    SBA COMMUNICATIONS 4% 2020-05 PURCHASE 2021-02   25,250 25,206     44  
    JP MORGAN ULTRA SHORT ETF 2020-08 PURCHASE 2021-03   30,129 30,202     -73  
    JP MORGAN ULTRA SHORT ETF 2020-08 PURCHASE 2021-04   30,433 30,507     -74  
    NYC NY TRAN AUTH 5.932% 2015-04 PURCHASE 2021-05   25,000 25,000        
    THURSTON CN WA 5.4% 2019-07 PURCHASE 2021-05   35,000 36,302     -1,302  
    ALABAMA POWER CAP VAR 2019-12 PURCHASE 2021-07   15,000 15,168     -168  
    PPL CAPITAL FUND 5.9% 2020-03 PURCHASE 2021-07   10,000 10,155     -155  
    SPDR GOLD SHARES ETF 2021-07 PURCHASE 2021-09   48,901 49,812     -911  
    CAPITAL ONE FINL VAR 2020-02 PURCHASE 2021-09   10,000 10,116     -116  
    FORD MOTOR CO 4% 2016-05 PURCHASE 2021-09   25,000 25,007     -7  
    JP MORGAN ULTRA SHORT ETF 2020-08 PURCHASE 2021-09   91,580 91,826     -246  
    ISHARES CORE 1-5 YEAR USD BOND 2021-02 PURCHASE 2021-10   45,825 46,427     -602  
    ISHARES CORE 1-5 YEAR USD BOND 2021-02 PURCHASE 2021-10   40,628 41,268     -640  
    T ROWE PRICE GROUP 2021-09 PURCHASE 2021-10   5,006 5,125     -119  
    ISHARES CORE 1-5 YEAR USD BOND 2021-02 PURCHASE 2021-10   40,600 41,268     -668  
    SPDR GOLD SHARES ETF 2021-07 PURCHASE 2021-11   96,100 95,473     627  
    KYNDRYL HOLDINGS INC 2021-09 PURCHASE 2021-11   145 168     -23  
    SPDR GOLD SHARES ETF 2021-07 PURCHASE 2021-11   119,687 116,228     3,459  
    AMPHENOL CORP 4% 2019-06 PURCHASE 2021-11   35,000 35,139     -139  
    AMERICAN EXPRESS VAR 2016-08 PURCHASE 2021-11   15,000 14,828     172  
    MASSACHUSETTS ST 4.2% 2019-10 PURCHASE 2021-12   20,000 20,000        
    BNY MELLON INVEST VAR 2016-09 PURCHASE 2021-12   15,000 15,435     -435  
    PRUDENTIAL PL 6.75% 2013-12 PURCHASE 2021-12   5,000 5,025     -25  

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    EDMUNDS FAMILY FOUNDATION INC
    EIN:
    20-0493224
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALABAMA POWER CAP VAR    
    AMERICAN EXPRESS VAR 10,045 10,013
    AMPHENOL CORP    
    BALL CORP 34,069 32,888
    BANK OF NOV 4.65% 14,102 14,888
    BANK OF NY MELLON VAR 14,921 15,056
    BROADCOM INC 5% 33,918 34,910
    CAPITAL ONE FNL VAR    
    CENTENE CORP 3% 25,690 25,406
    CENTERPOINT ENERGY VAR 15,137 15,675
    CDK GLOBAL 4.875% 25,003 25,875
    DENTSPLY SIRONA 3.25% 26,378 26,240
    EDISON INTL VAR 14,879 14,940
    FINIAL HOLDINGS 7.125% 28,627 27,568
    FIRST AMERICAN FI 4.6% 25,329 27,037
    FIFTH THIRD BANCORP 25,078 24,825
    FORD MOTOR CREDIT 4%    
    GENERAL ELECTRIC VAR 27,690 29,625
    GOLDMAN SACHS INT 3.8% 10,309 9,958
    GOLDMAN SACHS GRO VAR 25,015 25,548
    HILLENBRAND INC 5.5% 25,051 27,844
    I H S INC 5% 21,173 20,550
    INTERNATIONAL FLAVOR 39,863 39,559
    JP MORGAN & VAR 24,231 25,038
    LEGG MASON INC 4.75% 25,422 28,020
    M&T BANK CORP 28,551 31,930
    MOLSON COORS BEVERAGE 23,531 26,211
    QORVO INC 26,773 26,563
    SBA COMMUNICATION    
    TELEFLEX INC 31,905 31,163
    T MOBILE USA INC 2.625% 28,731 29,522
    USB CAPITAL IX VAR 8,603 9,650
    UNITED RENTALS 31,552 30,825
    VIACOMCBS INC VAR 19,775 19,900
    WESTERN UNION 4.25% 25,027 26,010

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    EDMUNDS FAMILY FOUNDATION INC
    EIN:
    20-0493224
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SPDR GOLD TRUST    
    CHS INC 7.1% PFD 11,572 13,740
    ENSTAR GROUP LTD 7% PFD    
    JP MORGAN ULTRA SHORT    
    PPL CAPITAL FUND PFD    
    PRUDENTIAL CO 6.75% PFD    
    T ROWE PRICE INSTL FLOATING 78,581 79,869
    URSTADT BIDD 5.875% PFD    
    VALLEY NATIONAL BANK 5.5% PFD 10,027 10,180
    NUVEEN PREFERRED SEC INC FD I 84,731 85,041
    AFFILIATED MAN 5.875% PFD 10,015 10,796
    ALPHABET INC 17,111 17,382
    AMAZON INC 16,591 16,672
    AMERICAN EXPRESS 20,553 19,632
    ANHEUSER BUSCH 21,063 22,404
    APPLE INC 10,881 13,318
    BANK OF HAWAII 15,314 15,666
    BERKSHIRE HATHAWAY 20,141 20,930
    CH ROBINSON 9,946 11,839
    CAPITAL ONE FC 15,776 14,509
    CHARLES SCHWAB CORP 11,154 12,615
    CISCO SYSTEMS INC 17,677 20,595
    COMCAST CORP 13,757 12,583
    CVS HEALTH CORP 18,729 23,211
    ENSTAR GROUP LM 10,351 11,824
    FISERV INC 5,205 4,878
    IBM CORP 12,885 14,034
    INTEL CORP 10,091 10,300
    JOHNSON & JOHNSON 19,848 20,528
    KLA CORP 10,337 12,903
    LAB CO OF AMER HLDG 10,015 10,997
    LOCKHEED MARTIN CORP 10,296 10,662
    LOWES COMPANIES 12,165 14,216
    MASTERCARD INC 9,855 10,780
    MCKESSON CORP 18,901 22,371
    MEDTRONIC PLC 10,442 8,793
    META PLATFORMS 5,439 5,045
    MICROSOFT CORP 14,390 15,134
    PEPSICO INC 13,655 14,765
    PFIZER INC 10,180 14,763
    PROCTOR & GAMBLE 4,754 4,907
    RENAISSANCE 5,013 5,034
    STARBUCKS CORP 7,332 7,603
    SYSCO CORP 15,223 15,710
    TERADYNE INC 5,307 7,359
    US BANCORP 14,625 14,323
    UPS 14,875 16,076
    URSTADT BIDD 9,995 10,228
    WALT DISNEY CO 15,698 13,940
    WASTE MANAGEMENT 10,222 10,849
    3M CO 15,471 15,099
    BARON DISCOVERY INST 41,382 38,392
    CLARKSON PARTNERS INST 95,819 97,081

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    EDMUNDS FAMILY FOUNDATION INC
    EIN:
    20-0493224
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


    349,520
    State & Local Government Securities - End of Year Fair Market Value:


    334,106


    TY 2021 LegalFeesSchedule
    Name:
    EDMUNDS FAMILY FOUNDATION INC
    EIN:
    20-0493224
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 934 934    


    TY 2021 OtherIncreasesSchedule
    Name:
    EDMUNDS FAMILY FOUNDATION INC
    EIN:
    20-0493224
    Description Amount
    BOOK VALUE ADJUSTMENT 46,800


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    EDMUNDS FAMILY FOUNDATION INC
    EIN:
    20-0493224
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IRONWOOD INVESTMENT FEE 10,704 10,704    


    TY 2021 TaxesSchedule
    Name:
    EDMUNDS FAMILY FOUNDATION INC
    EIN:
    20-0493224
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 2,000      
    ARIZONA CORPORATION COMMISSION