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 02-01-2021 , and ending 01-31-2022
Name of foundation
PINETOPS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2900 NW CLEARWATER DRIVE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BEND, OR97703
A Employer identification number

46-0477322
B Telephone number (see instructions)

(206) 775-8844
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$46,524,897J 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) 811,434
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 672,080 671,619  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 87,105
b Gross sales price for all assets on line 6a 1,934,712
7 Capital gain net income (from Part IV, line 2)... 85,424
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 24,787 -15,171  
12 Total. Add lines 1 through 11........ 1,595,406 741,872  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,000 0   75,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 49,701 0   49,701
b Accounting fees (attach schedule)....... Click to see attachment 24,625 6,156   18,469
c Other professional fees (attach schedule).... Click to see attachment 122,055 89,394   32,661
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,000 12,265   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 80,579 0   80,579
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 37,758 2,066   1,694
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 397,718 109,881   258,104
25 Contributions, gifts, grants paid....... 2,807,876 2,903,244
26 Total expenses and disbursements. Add lines 24 and 25 3,205,594 109,881   3,161,348
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,610,188
b Net investment income (if negative, enter -0-) 631,991
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.............      
2 Savings and temporary cash investments......... 4,243,877 810,256 810,256
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)      
b Investments—corporate stock (attach schedule)....... 29,338,765 Click to see attachment38,112,060 38,112,060
c Investments—corporate bonds (attach schedule)....... 2,909,761 Click to see attachment1,934,147 1,934,147
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,084,557 Click to see attachment5,107,649 5,107,649
14 Land, buildings, and equipment: basis bullet5,782
Less: accumulated depreciation (attach schedule) bullet   5,782 Click to see attachment5,782 5,782
15 Other assets (describe bullet) Click to see attachment539,267 Click to see attachment555,003 Click to see attachment555,003
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 41,122,009 46,524,897 46,524,897
Liabilities 17 Accounts payable and accrued expenses.......... 2,200 36,976
18 Grants payable................. 95,368  
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)......... 97,568 36,976
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........... 40,773,596 46,237,076
25 Net assets with donor restrictions............ 250,845 250,845
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 41,024,441 46,487,921
30 Total liabilities and net assets/fund balances (see instructions). 41,122,009 46,524,897
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
41,024,441
2
Enter amount from Part I, line 27a .....................
2
-1,610,188
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,073,668
4
Add lines 1, 2, and 3 ..........................
4
46,487,921
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
46,487,921
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - CS #5668   2021-02-01 2022-01-31
b PUBLICLY TRADED SECURITIES - CS #5668   2021-01-31 2022-01-31
c CAPITAL GAIN DISTRIBUTIONS - CS #5668   2021-01-31 2022-01-31
d LONG-TERM CAPITAL GAIN FROM PASSTHROUGHS P 2021-01-31 2022-01-31
e SHORT-TERM CAPITAL GAIN FROM PASSTHROUGHS P 2021-02-01 2022-01-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 919,972   923,729 -3,757
b 1,012,885   922,024 90,861
c 1,410     1,410
d     3,535 -3,535
e 445     445
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       -3,757
b       90,861
c       1,410
d       -3,535
e       445
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 85,424
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 8,785
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,785
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 16,635
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,635
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 11,850
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet11,850 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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.PINETOPS.ORG
    14
    The books are in care ofbulletKATIE HEITZMAN Telephone no.bullet (206) 775-8844

    Located atbullet2900 NW CLEARWATER DRIVE SUITE 200BENDOR ZIP+4bullet97703
    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
    JOSHUA CROSSMAN CEO/DIRECTOR
    5.00     		15,000 0 0
    2900 NW CLEARWATER DRIVE 200
    BEND,OR97703
    ROBERT BONNER CHAIRMAN/DIRECTOR
    1.00     		15,000 0 0
    2900 NW CLEARWATER DRIVE 200
    BEND,OR97703
    BEVERLY MCCORD SECRETARY/DIRECTOR
    1.00     		15,000 0 0
    2900 NW CLEARWATER DRIVE 200
    BEND,OR97703
    NICHOLAS BONNER VICE-PRESIDENT/DIRECTOR
    1.00     		15,000 0 0
    2900 NW CLEARWATER DRIVE 200
    BEND,OR97703
    MARK MCCORD DIRECTOR/CFO
    1.00     		15,000 0 0
    2900 NW CLEARWATER DRIVE 200
    BEND,OR97703
    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 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    40,491,549
    b
    Average of monthly cash balances.......................
    1b
    2,706,483
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,665,588
    d
    Total (add lines 1a, b, and c).........................
    1d
    45,863,620
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    45,863,620
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    687,954
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    45,175,666
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,258,783
    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
    2,258,783
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    0
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    1,445
    c
    Add lines 2a and 2b............................
    2c
    1,445
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,257,338
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,257,338
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    2,257,338
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 2,257,338
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 358,934
    b From 2017...... 201,578
    c From 2018......  
    d From 2019...... 701,292
    e From 2020...... 401,044
    f Total of lines 3a through e ........ 1,662,848
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,161,348
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 2,257,338
    e Remaining amount distributed out of corpus 904,010
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,566,858
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		358,934
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,207,924
    10 Analysis of line 9:
    a Excess from 2017.... 201,578
    b Excess from 2018....  
    c Excess from 2019.... 701,292
    d Excess from 2020.... 401,044
    e Excess from 2021.... 904,010
    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
    501 COLLECTIVE
    15350 SW SEQUOIA PKWY STE 250
    PORTLAND,OR97224     		N/A PC FOR MISSIONARY INTERNS 3,000
    AMERICAN WHITEWATER
    PO BOX 1540
    CULLOWHEE,NC28723     		N/A PC TO CONSERVE AMERICA'S WHITEWATERS 10,000
    AND INSTITUTE INC
    1780 MADRONA STREET
    ATLANTA,GA30318     		N/A PC TO SUPPORT THE AND CAMPAIGN 60,000
    AXIS
    PO BOX 63572
    COLORADO SPRINGS,CO80962     		N/A PC TO EMPOWER THE NEXT GENERATION TO THINK CLEARLY AND CRITICALLY ABOUT WHAT THEY BELIEVE AND TO TAKE OWNERSHIP OF THEIR FAITH 5,000
    BEHIND THE SCENE INTERNATIONAL
    1817 HIGH OAK RD
    ST LOUIS,MO63131     		N/A PC TO SUPPORT FILM AND VIDEO PROGRAMS 35,000
    CASA COLIBRI
    1251 WASHINGTON ROAD
    ROCHESTER HILLS,MI48306     		N/A PC TO SUPPORT MEDICAL MISSIONARY WORK 5,000
    CASCADE CHRISTIAN SCHOOL
    811 21ST STREET SE
    PUYALLUP,WA98372     		N/A PC FOR THE GYM FLOOR 6,000
    CHARITY GLOBAL INC
    PO BOX 5026
    HAGERSTOWN,MD21741     		N/A PC TO BRING CLEAN AND SAFE WATER TO PEOPLE AROUND THE WORLD 100,000
    CHILD EVANGELISM FELLOWSHIP
    PO BOX 348
    WARRENTON,MO63383     		N/A PC TO SUPPORT NEW DIRECTOR TRAINING 3,618
    CONNECTIONS HOMES INC
    337 W PIKE STREET
    LAWRENCEVILLE,GA30046     		N/A PC CONNECTING YOUTH ADULTS TO FAMILIES 40,000
    DUKE UNIVERSITY
    324 BLACKWELL STREET
    DURHAM,NC27701     		N/A PC TO SUPPORT EDUCATIONAL PROGRAMS 123,750
    EDIFY
    5694 MISSION CENTER ROAD 602 SUITE
    611
    SAN DIEGO,CA92108     		N/A PC FOR THE SIERRA LEONE AND ETHIOPA PROJECT 120,500
    EMBRACING GOD MINISTRIES
    1385 FORDHAM DRIVE SUITE 105-327
    VIRGINIA BEACH,VA23464     		N/A PC TO MINISTER TO THE BROKEN, LOST, SICK, AND HURT IN THE WORLD 50,000
    ETHNOS360 INC
    312 W FIRST STREET
    SANFORD,FL32771     		N/A PC TO HELP CHURCHES TRAIN, COORDINATE, AND SEND MISSIONARIES TO PEOPLE WHOSE GROUPS, LANGUAGE, AND GEOGRAPHY HAVE ISOLATED THEM FROM HEARING THE CHRISTIAN GOSPEL 10,000
    FIDELITY INVESTMENTS CHARITABLE GIFT FUND
    200 SEAPORT BLVD SUITE NCW4B
    BOSTON,MA02210     		N/A PC FOR GRANTMAKING 100,000
    FLOURISH SAN DIEGO
    11251 RANCHO CARMEL DR 501015
    SAN DIEGO,CA92150     		N/A PC TO HELP PEOPLE AND CHURCHES BECOME WHO THEY WERE CREATED TO BE SO THEY MAY JOIN GOD TO HELP OUR CITY AND WORLD FLOURISH 10,000
    FOR THE NATIONS REFUGEE OUTREACH
    PO BOX 850064
    RICHARDSON,TX75085     		N/A PC TO SUPPORT RELOCATION AND HOUSING FOR AFGHANI REFUGEE FAMILIES IN DALLAS AREA. 75,000
    FRESH START CHURCHES
    10412 KELOWNA VIEW
    COLORADO SPRINGS,CO80908     		N/A PC FOR THE CHURCH REVITALIZATION PROGRAM 60,000
    FULLER THEOLOGICAL SEMINARY
    135 N OAKLAND AVE
    PASADENA,CA91182     		N/A PC TO SUPPORT SEMINARY SCHOOL 600,000
    GOSPEL RESCUE MISSION OF GRANTS PASS
    PO BOX 190
    GRANTS PASS,OR97528     		N/A PC FOR THE SHELTER'S HVAC 9,000
    GRACE CITY CHURCH
    PO BOX 1808
    WENATCHEE,WA98807     		N/A PC FUNDS FOR CARE OF INDIVIDUALS AND SMALL MINISTRIES IN NEED 22,500
    GRACE MINISTRIES INTERNATIONAL
    131 VILLAGE PARKWAY BLDG 4
    MARIETTA,GA30067     		N/A PC TO SUPPORT ONE-ON-ONE DISCIPLESHIP AND TRAINING 3,500
    HEALING HANDS OF JOY
    PO BOX 30431
    CHARLOTTE,NC28208     		N/A PC TO PROVIDE PREVENTATIVE HEALTH CARE TO POOR RESIDENTS OF ETHIOPA 50,000
    HELPING HAND MINISTRIES
    101 MAIN STREET SUITE 1
    TALLULAH FALLS,GA30573     		N/A PC TO SUPPORT THE DISTRACTORS 15,000
    HOPE FOR SAN DIEGO
    1831 S EL CAMINO REAL
    ENCINITAS,CA92024     		N/A PC TO PROVIDE RESOURCES TO ORGANIZATIONS SERVING THE POOR AND MARGINALIZED IN THE GREATER SAN DIEGO AREA 12,500
    HORIZONS INTERNATIONAL
    777 BROADWAY STREET
    BOULDER,CO80302     		N/A PC TO MINISTER TO LOCAL AND INTERNATIONAL STUDENTS 50,000
    HUMAN TRAFFICKING INSTITUTE
    2701 PROSPERITY AVE STE 405
    FAIRFAX,VA22031     		N/A PC TO EMPOWER POLICE AND PROSECUTORS TO STOP TRAFFICKERS 50,000
    ILLUMINATIONS FOUNDATION
    PO BOX 511
    ALPHARETTA,GA30009     		N/A PC TO SUPPORT CHRISTIAN PROGRAMS 29,000
    INTERNATIONAL JUSTICE MISSION
    PO BOX 58147
    WASHINGTON,DC20037     		N/A PC TO PROTECT PEOPLE IN POVERTY FROM VIOLENCE AND INJUSTICE 5,000
    JEROME PRAIRIE BIBLE CHURCH
    2564 WALNUT AVE
    GRANTS PASS,OR97527     		N/A PC FOR BIBLE PROGRAM FOR MISSIONARY AND PASTOR 4,505
    MISSION INDIA
    PO BOX 141312
    GRAND RAPIDS,MI49514     		N/A PC TO EQUIP INDIA'S CHRISTIANS TO PLANT REPRODUCING CHURCES 50,000
    NATIONAL CHRISTIAN FOUNDATION
    11625 RAINWATER DRIVE SUITE 500
    ALPHARETTA,GA30009     		N/A PC TO SUPPORT GRANTMAKING TO AND FOR CHRISTIAN CHURCHES AND OTHER CHARITIES 165,000
    PRAXIS INC
    409 W 45TH STREET 3RD FLOOR
    NEW YORK,NY10036     		N/A PC TO SUPPORT DEVELOPMENT ON ONGOING AWARDS TO PRAXIS NON-PROFIT FELLOWS 200,000
    SAMARITAN'S PURSE
    PO BOX 3000
    BOONE,NC28607     		N/A PC TO PROVIDE SPIRITUAL AND PHYSICAL AID TO HURTING PEOPLE AROUND THE WORLD. 20,000
    SEATTLE PACIFIC UNIVERSITY
    3307 THIRD AVE W
    SEATTLE,WA98119     		N/A PC FOR DIALOGUE ON RACE AND FAITH PROJECT 5,000
    SERVANT FOUNDATION
    7171 W 95TH STREET SUITE 501
    OVERLAND PARK,KS66212     		N/A PC TO EXPAND BIBLICAL THINKING IN SOCIETY 120,000
    ST CHARLES FOUNDATION
    2500 NE NEFF RD
    BEND,OR97701     		N/A PC TO PROVIDE FINANCIAL SUPPORT FOR ST. CHARLES HEALTH SYSTEM 5,000
    STANFORD UNIVERSITY
    485 BROADWAY MAIL CODE 8838
    REDWOOD CITY,CA94063     		N/A PC TO SUPPORT A PROJECT MANAGER FOR RESEARCH AGENDA WITH SFUSD. 120,000
    STRATEGIC RESOURCE GROUP INC
    PO BOX 1809
    EASTON,MD21601     		N/A PC FOR THE AFGHANISTAN RESCUE FUND 100,000
    TAMING MUSTANGS INC
    824 AVENUE A APT 202
    OPELIKA,AL36801     		N/A PC FOR OPERATING CAPITAL FOR SHARE THE STRUGGLE 10,000
    THE GATHERING
    6125 PALUXY DRIVE
    TYLER,TX75703     		N/A PC TO FOSTER A LEARNING COMMUNITY THAT SERVES INDIVIDUALS, FAMILIES, AND FOUNDATIONS IN EXPANDING THEIR VISION AND EFFECTIVENESS IN GIVING TO CHRISTIAN MINISTRIES. 5,000
    THE VERITAS FORUM INC
    PO BOX 38087
    CAMBRIDGE,MA02238     		N/A PC FOR THE U.S. SCHOLARS PROGRAM 350,000
    TOGETHERLA
    16 N MARENGO AVE STE 609
    PASADENA,CA91101     		N/A PC TO START AND STRENGTHEN CHURCHES IN SOUTHERN CALIFORNIA 55,000
    URBAN YOUTH COLLABORATIVE
    PO BOX 124708
    SAN DIEGO,CA92112     		N/A PC FOR MARKETING FOR A 3 VIDEO SERIES 25,000
    WORLD VISION
    PO BOX 9716
    FEDERAL WAY,WA98063     		N/A PC TO SUPPORT WORK WITH CHILDREN, FAMILIES, AND THEIR COMMUNITIES WORLDWIDE TACKLING THE ROOT CASUES OF POVERTY AND INJUSTICE. 5,371
    Total .................................bullet 3a 2,903,244
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 87,105  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPRI INTEREST INCOME     		        24,787
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 759,185 24,787
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    783,972
    (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.)
    11A INTEREST RELATED TO A PROGRAM-RELATED LOAN TO A 501(C)(3) ENTITY
    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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    PINETOPS FOUNDATION
     
    Employer identification number

    46-0477322
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    PINETOPS FOUNDATION
          		Employer identification number
    46-0477322
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    STODDARD GRANDCHILDREN TRUST
     
    2900 NW CLEARWATER DRIVE SUITE 200
     
    BEND, OR97703

    		$ 60,762


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    BONNER GRANDCHILDREN LEAD UNITRUST
     
    2900 NW CLEARWATER DRIVE SUITE 200
     
    BEND, OR97703

    		$ 750,672


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    PINETOPS FOUNDATION
          		Employer identification number

    46-0477322
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    PINETOPS FOUNDATION
          		Employer identification number

    46-0477322
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 24,625 6,156   18,469

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CITIGROUP INC. - 50,000 UNITS 50,624 50,624
    SPRINT CORP - 250,000 UNITS 257,500 257,500
    ALLERGAN, INC. - 250,000 UNITS 251,054 251,054
    BRINKER INTERNATIONAL - 361,000 UNITS 365,513 365,513
    GENERAL ELECTRIC - 118,000 UNITS 101,775 101,775
    GENERAL ELECTRIC - 118,000 UNITS 115,345 115,345
    HCA HEALTHCARE - 250,000 UNITS 271,875 271,875
    THE KRAFT HEINZ FOOD - 250,000 UNITS 252,526 252,526
    MERCURY GEN CORP - 250,000 UNITS 267,935 267,935

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES - 13,300 SHARES 1,695,217 1,695,217
    ABBVIE INC - 4,000 SHARES 547,560 547,560
    ACCENTURE PLC - 2,500 CLASS A SHARES 883,950 883,950
    ALPHABET INC. - 500 CLASS A SHARES 1,353,035 1,353,035
    ALPHABET INC. - 560 CLASS C SHARES 1,519,823 1,519,823
    AMAZON.COM INC. - 250 SHARES 747,868 747,868
    ANHEUSER BUSCH - 9,000 SHARES 567,630 567,630
    APPLE, INC. - 22,700 SHARES 3,967,506 3,967,506
    BOA - 800 SHARES 1,126,400 1,126,400
    BANK OF AMERICA CORP - 20,000 SHARES 922,800 922,800
    BECTON DICKINSON & CO - 2,000 SHARES 508,280 508,280
    BECTON DICKINSON & CO - 10,000 SHARES 526,600 526,600
    BERKSHIRE HATHAWAY - 9,550 CLASS B SHARES 2,989,341 2,989,341
    BERKSHIRE HATHAWAY - 300 SHARES 1,409,415 1,409,415
    CHARLES SCHWAB CORP - 12,000 SHARES 1,052,400 1,052,400
    CHEVRON CORP - 3,500 SHARES 459,655 459,655
    COLGATE-PALMOLIVE - 7,000 SHARES 577,150 577,150
    COMCAST CORP - 12,000 CLASS A SHARES 599,880 599,880
    COSTCO WHOLESALE - 5,000 SHARES 2,525,650 2,525,650
    CVS HEALTH CORP - 6,000 SHARES 639,060 639,060
    EXPEDITORS INTL - 7,000 SHARES 801,360 801,360
    FACTSET RESEARCH SYTEMS - 200 SHARES 84,378 84,378
    HOME DEPOT INC. - 2,000 SHARES 733,960 733,960
    JOHNSON & JOHNSON - 4,000 SHARES 689,160 689,160
    MASTERCARD INC. - 1,500 CLASS A SHARES 579,570 579,570
    MCDONALDS CORP - 3,000 SHARES 778,350 778,350
    MEDTRONIC PLC - 3,000 SHARES 310,470 310,470
    META PLATFORMS. - 2,200 CLASS A SHARES 689,172 689,172
    MICROSOFT CORP - 3,500 SHARES 1,088,430 1,088,430
    NESTLE - 7,750 SHARES 1,000,835 1,000,835
    NIKE INC. - 6,200 CLASS B SHARES 918,034 918,034
    NOVARTIS AG - 5,000 SHARES 434,550 434,550
    NOVO-NORDISK - 7,500 SHARES 749,025 749,025
    PEPSICO INC. - 4,000 SHARES 694,080 694,080
    STARBUCKS CORP - 8,000 SHARES 786,560 786,560
    TETHER INC. 600,170 600,170
    TJX COMPANIES INC. - 12,550 SHARES 903,224 903,224
    U.S. BANCORP - 5,800 SHARES 337,502 337,502
    UNILEVER - 9,000 SHARES 462,510 462,510
    WALMART INC. - 2,000 SHARES 279,620 279,620
    WALT DISNEY CO - 4,000 SHARES 571,880 571,880

    TY 2021 InvestmentsOtherSchedule2
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CHARLES SCHWAB #5668 - EXCHANGE TRADED FUNDS FMV 2,226,910 2,226,910
    CHARLES SCHWAB #5668 - SIMON PROPERTY GROUP REIT FMV 515,200 515,200
    GOLD FMV 605,124 605,124
    CONVERTIBLE NOTE - FRDM, INC. FMV 250,000 250,000
    SATURN FIVE, LLC FMV 25,000 25,000
    SOVEREIGN CAPITAL III, LP FMV 385,415 385,415
    SATURN FIVE CANOPY SPV, LLC FMV 100,000 100,000
    NARTHEX ONE, LLC FMV 125,000 125,000
    EAGLE VENTURE FUND II LP FMV 500,000 500,000
    IONIAN LLC FMV 150,000 150,000
    SATURN FIVE ALPHA, LLC FMV 225,000 225,000

    TY 2021 LandEtcSchedule2
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 5,782 0 5,782 5,782


    TY 2021 LegalFeesSchedule
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 49,701 0   49,701


    TY 2021 OtherAssetsSchedule
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BENEFICIAL INTEREST IN TRUSTS 250,845 250,845 250,845
    ACCRUED INTEREST RECEIVABLE 45,713 54,158 54,158
    TAMING MUSTANGS PROGRAM RELATED INVESTMENT 242,709 250,000 250,000


    TY 2021 OtherExpensesSchedule
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE CHARGES 2,066 2,066   0
    DUES & SUBSCRIPTIONS 9,000 0   9,000
    OFFICE EXPENSES 4,044 0   4,044
    SOFTWARE SERVICES 8,400 0   8,400
    RESEARCH 353 0   353
    MEALS AND ENTERTAINMENT 2,328 0   2,328
    ADMINISTRATIVE EXPENSES 12,195 0   12,195
    CALIFORNIA RRF-1 FILING FEES 150 0   150
    REFUNDS -778 0   0
    ACCRUAL TO CASH CONVERSION 0 0   -34,776


    TY 2021 OtherIncomeSchedule2
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME/LOSS PER K-1S 0 -39,958 0
    PRI INTEREST INCOME 24,787 24,787 24,787


    TY 2021 OtherIncreasesSchedule
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 7,073,668


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 89,394 89,394   0
    CONSULTING 22,443 0   22,443
    GRAPHIC DESIGN 10,218 0   10,218


    TY 2021 TaxesSchedule
    Name:
    PINETOPS FOUNDATION
    EIN:
    46-0477322
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 8,000 0   0
    FOREIGN TAXES PAID 0 12,265   0