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 06-01-2021 , and ending 05-31-2022
Name of foundation
Art Works for Kids
 
Number and street (or P.O. box number if mail is not delivered to street address)6330 S 3000 E 630
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Salt Lake City, UT84121
A Employer identification number

20-5711103
B Telephone number (see instructions)

(801) 490-1013
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$4,658,259J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 179,153 179,153  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 152,186
b Gross sales price for all assets on line 6a 2,109,228
7 Capital gain net income (from Part IV, line 2)... 369,803
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 0 -3,197  
12 Total. Add lines 1 through 11........ 331,339 545,759  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 41,637 0   41,637
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 907 0   907
b Accounting fees (attach schedule)....... Click to see attachment 39,708 0   39,708
c Other professional fees (attach schedule).... Click to see attachment 25,537 25,537   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,492 307   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 45,360 0   45,360
22 Printing and publications.......... 37,078 0   37,078
23 Other expenses (attach schedule)....... Click to see attachment 35,079 0   35,079
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 235,798 25,844   199,769
25 Contributions, gifts, grants paid....... 310,479 310,479
26 Total expenses and disbursements. Add lines 24 and 25 546,277 25,844   510,248
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -214,938
b Net investment income (if negative, enter -0-) 519,915
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............. 43 9,211 9,211
2 Savings and temporary cash investments......... 81,881 170,804 170,804
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) 328,815 Click to see attachment187,373 187,373
b Investments—corporate stock (attach schedule)....... 4,878,911 Click to see attachment4,125,928 4,125,928
c Investments—corporate bonds (attach schedule)....... 308,095 Click to see attachment164,943 164,943
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,778 0 0
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) 5,600,523 4,658,259 4,658,259
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 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........ 5,600,523 4,658,259
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 5,600,523 4,658,259
30 Total liabilities and net assets/fund balances (see instructions). 5,600,523 4,658,259
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
5,600,523
2
Enter amount from Part I, line 27a .....................
2
-214,938
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,385,585
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
727,326
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,658,259
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities      
b Czech II LP interest P 2015-06-30 2021-12-31
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 2,106,482   1,736,622 369,860
b 2,746   2,803 -57
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       369,860
b       -57
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 2 369,803
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 7,227
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 7,227
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 9,420
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,420
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,193
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,193 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
 
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)
    bulletUT
    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.artworksforkids.org
    14
    The books are in care ofbulletPaul Ludlow Telephone no.bullet (801) 490-1013

    Located atbullet6330 S 3000 E Suite 630Salt Lake CityUT ZIP+4bullet84121
    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)
    Yes
     
    (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
     
    No
    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
    Joan Fenton Director
    1.00     		0 0 0
    4567 S Holladay Blvd
    Holladay,UT84117
    James Sorenson Director
    2.00     		0 0 0
    6330 S 3000 E Suite 630
    Salt Lake City,UT84121
    Joseph Sorenson Director
    1.00     		0 0 0
    5741 Ridge Creek Rd
    Murray,UT84107
    Lisa Cluff Exec. Dir.
    30.00     		41,637 0 0
    1305 S Yuma Street
    Salt Lake City,UT84108
    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
    5,046,604
    b
    Average of monthly cash balances.......................
    1b
    193,553
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,240,157
    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
    5,240,157
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    78,602
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    5,161,555
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    258,078
    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
    258,078
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    7,227
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,227
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    250,851
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    250,851
    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
    250,851
    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 7 250,851
    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...... 135,095
    b From 2017...... 527,459
    c From 2018...... 213,004
    d From 2019...... 382,696
    e From 2020...... 277,576
    f Total of lines 3a through e ........ 1,535,830
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 510,248
    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..... 250,851
    e Remaining amount distributed out of corpus 259,397
    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 1,795,227
    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) ...     		135,095
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		1,660,132
    10 Analysis of line 9:
    a Excess from 2017.... 527,459
    b Excess from 2018.... 213,004
    c Excess from 2019.... 382,696
    d Excess from 2020.... 277,576
    e Excess from 2021.... 259,397
    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
    Alpine School District
    575 N 100 E
    American Fork,UT84003     		  GOV Art program expenses 662
    Art Access
    230 S 500 W Suite 110
    Salt Lake City,UT84101     		  PC Art inclusion programming 5,000
    Canyons School District
    9150 S Canyon View Dr
    Sandy,UT84070     		  GOV Education 6,000
    Davis School District
    731 W 3600 S
    Bountiful,UT84010     		  GOV Artist in residency 13,126
    Granite School District
    450 E 3700 S
    Salt Lake City,UT84115     		  GOV Arts learning program 500
    Southern Utah University
    351 W Washington Blvd
    Cedar City,UT84720     		  GOV Education 5,000
    University of Utah
    375 S 1530 E
    Salt Lake City,UT84112     		  GOV College of Fine Arts, graduate assistant 26,240
    University of Utah Arts Bridge
    375 South 1530 East Rm 250
    Salt Lake City,UT84112     		  GOV Arts Education 10,000
    UT Division of Arts & Museums
    617 E South Temple
    Salt Lake City,UT84102     		  GOV Art conference 951
    Utah Cultural Alliance Foundation
    26 Rio Grand Streeet Suite 2072
    Salt Lake City,UT84101     		  PC Annual convening sponsorship 5,000
    Utah PTA
    5162 S Greenpine Dr
    Murray,UT84123     		  GOV PTA convention 5,000
    Utah State Office of Education
    250 East 500 South
    Salt Lake City,UT84111     		  GOV Arts education program for elementary schools 200,000
    Utah Valley University
    112H McKay Bldg University Parkway
    Orem,UT84058     		  GOV Art education professional development 10,000
    Weber State University
    3950 West Campus Drive
    Ogden,UT84408     		  GOV Education 20,000
    Plan B Theater Company
    138 W Broadway
    Salt Lake City,UT84101     		  PC Playwriting with Young People Program 3,000
    Total .................................bullet 3a 310,479
    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 ............     		    18 152,186  
    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) .. 0 331,339 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    331,339
    (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
    Friends of the Beverley Taylor Sorenson Arts Learning Program 501(c)(4) The foundation shares common directors with Friends of the Beverley Taylor Sorenson Arts Learning Program
    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:
    Art Works for Kids
    EIN:
    20-5711103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting fees 39,708 0   39,708

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Art Works for Kids
    EIN:
    20-5711103
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Abbott Laboratories Note 5,099 5,099
    Abbvie Inc Note 4,709 4,709
    Air Products & Chem Note 4,639 4,639
    American Elec Pwr Inc Note 4,582 4,582
    American Tower Note 4,799 4,799
    Anthem Inc Note 5,057 5,057
    Bank America Corp Note 8,399 8,399
    Citigroup Inc Note 9,877 9,877
    Comcast Corp Note 4,995 4,995
    Disney Walt Co Note 8,874 8,874
    DTE Energy Co Note 4,657 4,657
    Enbridge Inc Note 5,088 5,088
    Eversource Energy Note 5,149 5,149
    Goldman Sachs Group Inc Note 4,885 4,885
    Home Depot Inc Note 5,088 5,088
    JPMorgan Chase Note 8,740 8,740
    Mastercard Incorporated Note 9,804 9,804
    Merck & Co Inc Note 4,973 4,973
    Microsoft Corp Note 5,070 5,070
    Public SVC Enterprice GRP Inc Note 5,017 5,017
    Salesforce Inc Note 4,355 4,355
    Schlumberger Note 5,162 5,162
    Sempra Energy Note 4,913 4,913
    Simon Property Group Note 4,889 4,889
    Starbucks Corp Note 4,941 4,941
    State STR Corp Note 4,892 4,892
    Toronto Dominion Bank Note 4,651 4,651
    Unitedhealth Group Inc Note 4,999 4,999
    Verizon Communications Inc Note 6,640 6,640

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Art Works for Kids
    EIN:
    20-5711103
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FIDELITY GOVT MMKT PREMIUM CLASS 1,460 1,460
    AFLAC INC COM USD0.10 1,393 1,393
    ARC DOCUMENT SOLUTIONS INC 2,616 2,616
    AT&T INC COM USD1 3,194 3,194
    AXT INC 2,621 2,621
    ABBOTT LABORATORIES 3,759 3,759
    ACACIA RESEARCH CORP 2,237 2,237
    ACTIVISION BLIZZARD INC COM 1,246 1,246
    ACUITY BRANDS INC 2,100 2,100
    ADOBE SYSTEMS INCORPORATED COM 2,499 2,499
    ADVANCED MICRO DEVICES INC 2,343 2,343
    ADVANCED DRAINAGE SYSTEMS INC 876 876
    AFFILIATED MANAGERS GROUP INC COM 5,078 5,078
    AGILENT TECHNOLOGIES INC COM USD0.01 1,531 1,531
    AIR PRODUCTS AND CHEMICALS INC 10,585 10,585
    ALBEMARLE CORP COM USD0.01 1,302 1,302
    ALIBABA GROUP HOLDING LTD SPON ADS EACH REP 8 ORD SHS 4,610 4,610
    ALICO INC 3,542 3,542
    ALIGN TECHNOLOGY INC COM USD0.0001 278 278
    ALLSTATE CORP COM USD0.01 1,094 1,094
    ALPHABET INC CAP STK CL C 11,404 11,404
    ALPHABET INC CAP STK CL C 31,931 31,931
    ALPHABET INC CAP STK CL C 9,123 9,123
    ALPHABET INC CAP STK CL A 11,376 11,376
    ALPHABET INC CAP STK CL A 2,275 2,275
    ALPHABET INC CAP STK CL A 9,101 9,101
    ALTRIA GROUP INC 9,466 9,466
    AMAZON.COM INC 21,638 21,638
    AMAZON.COM INC 21,638 21,638
    AMAZON.COM INC 12,021 12,021
    AMERICAN EXPRESS CO COM USD0.20 2,026 2,026
    AMERICAN INTERNATIONAL GROUP INC 1,936 1,936
    AMETEK INC COM 2,551 2,551
    AMTECH SYSTEMS INC 3,307 3,307
    ANTHEM INC 10,192 10,192
    ANTHEM INC 2,548 2,548
    APPLE INC 19,052 19,052
    APPLE INC 27,387 27,387
    APPLIED MATERIALS INC COM USD0.01 1,759 1,759
    APTARGROUP INC 4,069 4,069
    ARAMARK COM 5,929 5,929
    ARISTA NETWORKS INC COM USD0.0001 818 818
    ASURE SOFTWARE INC 2,435 2,435
    ATMOS ENERGY CORP COM NPV 1,512 1,512
    AUTODESK INC 416 416
    AUTODESK INC 12,257 12,257
    AUTOMATIC DATA PROCESSING INC COM USD0.10 2,006 2,006
    AUTOZONE INC COM USD0.01 2,060 2,060
    BM TECHNOLOGIES INC CL A COM 2,082 2,082
    BGSF INC COM 3,157 3,157
    BANK OF NEW YORK MELLON CORP COM USD0.01 1,305 1,305
    BARRETT BUSINESS SVCS INC COM 4,641 4,641
    BERKLEY W R CORP COM 11,736 11,736
    BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS B 13,271 13,271
    BIOGEN INC COM USD0.0005 1,200 1,200
    BIO-TECHNE CORP COM 2,588 2,588
    BIO-TECHNE CORP COM 1,109 1,109
    BLACK KNIGHT INC COM 2,309 2,309
    BLACKBAUD INC 2,291 2,291
    BLACKROCK INC COM USD0.01 12,043 12,043
    BOEING CO COM USD5.00 11,957 11,957
    BOOKING HOLDINGS INC COM 2,244 2,244
    BOOKING HOLDINGS INC COM 2,244 2,244
    BOOZ ALLEN HAMILTON HLDG CORP CL A 3,263 3,263
    BORG WARNER INC COM USD0.01 1,895 1,895
    BOSTON SCIENTIFIC CORP 1,435 1,435
    BOWMAN CONSULTING GROUP LTD COM 2,340 2,340
    BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01 2,047 2,047
    BROADCOM INC COM 3,481 3,481
    BROWN & BROWN INC 4,868 4,868
    BUILD-A-BEAR WORKSHOP INC COM 4,302 4,302
    BURLINGTON STORES INC 2,020 2,020
    CBRE GROUP INC COM USD0.01 CLASS A 1,077 1,077
    CIGNA CORP NEW COM 1,610 1,610
    CME GROUP INC COM 1,789 1,789
    CRA INTERNATIONAL INC 3,343 3,343
    CSX CORP COM USD1 1,907 1,907
    CACI INTERNATIONAL INC 3,925 3,925
    CAPITAL BANCORP INC MD COM 2,133 2,133
    CAPITAL ONE FINANCIAL CORP COM USD0.01 5,882 5,882
    CAPITAL ONE FINANCIAL CORP COM USD0.01 1,534 1,534
    CARLISLE COMPANIES INC 8,905 8,905
    CARRIER GLOBAL CORPORATION COM 983 983
    CASEYS GENERAL STORES INC 2,514 2,514
    CATERPILLAR INC COM 2,159 2,159
    CENTENE CORP 896 896
    CERNER CORP COM USD0.01 664 664
    CHARLES RIVER LABORATORIES INTERNATIONAL INC 702 702
    CHARTER COMMUNICATIONS INC NEW CL A 10,646 10,646
    CHARTER COMMUNICATIONS INC NEW CL A 1,521 1,521
    CHEVRON CORP NEW COM 12,226 12,226
    CHIPOTLE MEXICAN GRILL INC 2,805 2,805
    CHOICE HOTELS INTERNATIONAL INC 3,965 3,965
    CHURCH &DWIGHT CO INC COM 1,801 1,801
    CINCINNATI FINANCIAL CORP COM USD2.00 8,311 8,311
    CISCO SYSTEMS INC 8,605 8,605
    CISCO SYSTEMS INC 2,883 2,883
    CITIGROUP INC 15,008 15,008
    CIVISTA BANCSHARES INC COM NO PAR 1,772 1,772
    CLOROX CO COM USD1.00 872 872
    COGNIZANT TECHNOLOGY SOLUTIONS CORP COM CL A USD0.01 598 598
    COLONY BANKCORP INC 1,724 1,724
    COLUMBIA SPORTSWEAR CO 2,567 2,567
    COMCAST CORP 7,572 7,572
    COMCAST CORP 16,118 16,118
    COMCAST CORP 2,922 2,922
    COMTECH TELECOMMUNICATIONS CORP 2,177 2,177
    CONSOLIDATED EDISON INC COM USD0.10 3,176 3,176
    CONSTELLATION ENERGY CORP COM 931 931
    CONSTELLATION SOFTWARE INC COM ISIN #CA21037X1006 SEDOL #B15C4L6 1,574 1,574
    COOPER-STANDARD HOLDINGS INC 961 961
    CORNING INC 645 645
    CUMMINS INC 2,588 2,588
    DMC GLOBAL INC COM 1,799 1,799
    DR HORTON INC COM STK USD0.01 752 752
    DHI GROUP INC COM 1,510 1,510
    DANAHER CORPORATION COM 3,693 3,693
    DECKERS OUTDOOR CORP 1,343 1,343
    DEERE & CO 2,862 2,862
    DEERE & CO 5,724 5,724
    DEERE & CO 1,789 1,789
    DENTSPLY SIRONA INC COM 1,385 1,385
    DESTINATION XL GROUP INC 2,705 2,705
    DEVON ENERGY CORP NEW 6,891 6,891
    DEXCOM INC 894 894
    DIAGEO ADR EACH REPR 4 ORD GBX28.935185 11,592 11,592
    DISNEY WALT CO COM 9,498 9,498
    DISNEY WALT CO COM 5,191 5,191
    DISNEY WALT CO COM 2,982 2,982
    DISCOVER FINANCIAL SERVICES 567 567
    DISH NETWORK CORPORATION CL A 5,297 5,297
    DOLBY LABORATORIES INC COM CL A 3,493 3,493
    DOMINION ENERGY INC COM 13,307 13,307
    DOVER CORP COM USD1.00 803 803
    DUPONT DE NEMOURS INC COM 1,357 1,357
    EAGLE BANCORP MONTANA INC COM USD0.01 2,152 2,152
    EBAY INC. COM 535 535
    ECOLAB INC 983 983
    EDWARDS LIFESCIENCES CORP 1,916 1,916
    ELECTRONIC ARTS INC 832 832
    EMERSON ELECTRIC CO 1,773 1,773
    ENPHASE ENERGY INC COM USD0.00001 745 745
    EPAM SYS INC COM USD0.001 339 339
    ENVISTA HOLDINGS CORPORATION COM 6,069 6,069
    EQUIFAX INC COM USD1.25 810 810
    ESQUIRE FINL HLDGS INC COM 4,887 4,887
    EVERSOURCE ENERGY 2,031 2,031
    EVOLUTION AB ADR 1,984 1,984
    EXPEDIA GROUP INC 1,035 1,035
    EXPEDITORS INTERNATIONAL OF WASHINGTON INC 2,612 2,612
    EXPEDITORS INTERNATIONAL OF WASHINGTON INC 6,530 6,530
    EXPEDITORS INTERNATIONAL OF WASHINGTON INC 435 435
    FS BANCORP INC COM 2,965 2,965
    META PLATFORMS INC CLASS A COMMON STOCK 1,743 1,743
    META PLATFORMS INC CLASS A COMMON STOCK 15,878 15,878
    META PLATFORMS INC CLASS A COMMON STOCK 19,364 19,364
    FACTSET RESEARCH SYSTEMS INC 1,909 1,909
    FACTSET RESEARCH SYSTEMS INC 6,108 6,108
    FARMERS NATIONAL BANC CORP COM 2,578 2,578
    FASTENAL COM STK USD0.01 9,159 9,159
    FASTENAL COM STK USD0.01 964 964
    FIDELITY NATL INFORMATION SERVICES COM USD0.01 11,495 11,495
    FIDELITY NATL INFORMATION SERVICES COM USD0.01 1,150 1,150
    FIFTH THIRD BANCORP 1,143 1,143
    FIRST BUSINESS FINL SVCS INC W COM 3,853 3,853
    FIRST NORTHWEST BANCORP COM USD0.01 1,809 1,809
    FISERV INC 1,202 1,202
    FORTINET INC COM USD0.001 882 882
    FORTIVE CORP COM 618 618
    FRANKLIN RESOURCES INC COM 135 135
    ARTHUR J. GALLAGHER & CO. ISIN #US3635761097 SEDOL #BD1QWJ0 1,296 1,296
    GARTNER INC COM USD0.0005 2,362 2,362
    GENERAL ELECTRIC CO COM NEW 14,170 14,170
    GENERAL MILLS INC COM USD0.10 2,026 2,026
    GENERAL MTRS CO COM 3,675 3,675
    GENUINE PARTS CO COM USD1.00 1,094 1,094
    GLOBAL PAYMENTS INC 786 786
    GLOBAL X FDS MSCI NORWAY ETF 16,671 16,671
    GLOBAL X FDS MSCI GREECE ETF 18,943 18,943
    GODADDY INC CL A 3,978 3,978
    GOLDMAN SACHS GROUP INC COM USD0.01 16,016 16,016
    GOLDMAN SACHS GROUP INC COM USD0.01 2,288 2,288
    GRACO INC 1,519 1,519
    GRAINGER W W INC COM USD0.50 974 974
    HF SINCLAIR CORP COM 1,522 1,522
    HCA HEALTHCARE INC COM 1,052 1,052
    HP INC COM 1,088 1,088
    HALLIBURTON CO COM USD2.50 4,374 4,374
    HAMILTON BEACH BRANDS HLDG CO COM CL A 1,961 1,961
    HEICO CORP NEW COM 2,718 2,718
    HENRY JACK &ASSOCIATES INC COM USD0.01 2,069 2,069
    HERITAGE INSURANCE HLDGS INC COM 1,109 1,109
    HERMES INTERNATIONAL SA ADR 2,140 2,140
    HEWLETT PACKARD ENTERPRISE CO COM 546 546
    HEXCEL CORP 2,930 2,930
    HILTON WORLDWIDE HLDGS INC 12,255 12,255
    HOME DEPOT INC 4,541 4,541
    HORIZON BANCORP INC COM 1,132 1,132
    HUMANA INC 1,363 1,363
    HUNT J.B. TRANSPORT SERVICES INC COM USD0.01 3,106 3,106
    HUNT J.B. TRANSPORT SERVICES INC COM USD0.01 518 518
    HUNTINGTON BANCSHARES INC COM USD0.01 1,152 1,152
    HURCO CO COM 2,000 2,000
    IAC INTERACTIVECORP NEW COM NEW 3,071 3,071
    IAA INC COM 2,732 2,732
    IDEX CORP COM USD0.01 2,299 2,299
    IDEXX LABORATORIES INC COM USD0.10 783 783
    ILLINOIS TOOL WORKS INC COM USD0.01 1,873 1,873
    ILLUMINA INC COM USD0.01 6,705 6,705
    ILLUMINA INC COM USD0.01 718 718
    INGERSOLL RAND INC COM 1,084 1,084
    INTEL CORP COM USD0.001 2,354 2,354
    INTERCONTINENTAL EXCHANGE INC COM USD0.01 1,536 1,536
    INTERNATIONAL BUS MACH CORP COM USD0.20 2,360 2,360
    INTERNATIONAL FLAVORS &FRAGRANCES COM USD0.125 1,454 1,454
    INTERPUBLIC GROUP COS INC COM USD0.10 774 774
    INTEST CORP 2,633 2,633
    INTUIT INC 2,072 2,072
    INTUITIVE SURGICAL INC 3,642 3,642
    INTUITIVE SURGICAL INC 1,593 1,593
    INVESCO INDIA EXCHANGE-TRADED INDIA ETF 15,527 15,527
    IQVIA HLDGS INC COM 1,292 1,292
    ISHARES INC MSCI CDA ETF 20,050 20,050
    ISHARES MSCI SWITZERLAND ETF 18,539 18,539
    ISHARES MSCI MEXICO ETF 21,272 21,272
    ISHARES MSCI PHILIPPINES ETF 18,621 18,621
    ISHARES MSCI TAIWAN ETF 17,632 17,632
    ISHARES TR MSCI UK ETF NEW 18,310 18,310
    JOHNSON &JOHNSON COM USD1.00 15,440 15,440
    JONES LANG LASALLE INC COM USD0.01 3,157 3,157
    KLA CORP COM NEW 1,095 1,095
    KELLOGG COMPANY COM USD0.25 1,255 1,255
    KIMBALL ELECTRONICS INC 3,403 3,403
    KIMBERLY-CLARK CORP COM 1,729 1,729
    KIRBY CORP 2,566 2,566
    KRAFT HEINZ CO COM 1,551 1,551
    KROGER CO COM USD1.00 1,801 1,801
    LKQ CORP 3,854 3,854
    LAKELAND INDUSTRIES INC 2,332 2,332
    LAM RESEARCH CORP COM USD0.001 1,040 1,040
    LANDEC CORP 1,881 1,881
    LANDSTAR SYSTEM INC COM USD0.01 3,634 3,634
    ESTEE LAUDER COMPANIES INC COM USD0.01 CLASS A 1,528 1,528
    LENNAR CORP COM USD0.10 CLASS A 562 562
    LENNOX INTERNATIONAL INC COM USD0.01 2,089 2,089
    LENNOX INTERNATIONAL INC COM USD0.01 3,134 3,134
    LIBERTY BROADBAND CORP COM SER A 3,294 3,294
    LIBERTY BROADBAND CORP COM SER C 3,505 3,505
    LIFETIME BRANDS INC 2,693 2,693
    ELI LILLY AND CO 4,075 4,075
    LINCOLN NATIONAL CORP COM NPV 753 753
    LOEWS CORP COM USD0.01 2,554 2,554
    LOWES COMPANIES INC COM USD0.50 12,109 12,109
    MSCI INC 885 885
    MANHATTAN ASSOCIATES INC COM 1,935 1,935
    MANITEX INTERNATIONAL INC 3,204 3,204
    MARKEL CORP COM NPV 4,108 4,108
    MARSH &MCLENNAN COMPANIES INC COM USD1.00 2,559 2,559
    MARRIOTT INTERNATIONAL INC COM USD0.01 CLASS A 20,590 20,590
    MASTERCARD INCORPORATED CL A 2,863 2,863
    MASTERCARD INCORPORATED CL A 3,579 3,579
    MATCH GROUP INC NEW COM 945 945
    MCCORMICK &COMPANY INC COM NPV 1,298 1,298
    MCDONALD S CORP 3,783 3,783
    MERCK &CO. INC COM 11,412 11,412
    MERCK &CO. INC COM 4,233 4,233
    METLIFE INC COM USD0.01 1,550 1,550
    METROPOLITAN BK HLDG CORP COM 2,703 2,703
    MICROSOFT CORP 11,419 11,419
    MICROSOFT CORP 17,400 17,400
    MICROSOFT CORP 32,624 32,624
    MICROSOFT CORP 24,740 24,740
    MICRON TECHNOLOGY INC 1,329 1,329
    MISTRAS GROUP INC COM USD0.01 735 735
    MONDELEZ INTL INC COM NPV 2,733 2,733
    MONSTER BEVERAGE CORP NEW COM 12,388 12,388
    MONSTER BEVERAGE CORP NEW COM 624 624
    MOODYS CORP COM USD0.01 2,413 2,413
    MOODYS CORP COM USD0.01 1,206 1,206
    MORGAN STANLEY COM USD0.01 15,936 15,936
    MORGAN STANLEY COM USD0.01 2,498 2,498
    MORNINGSTAR INC 4,112 4,112
    MOTORCAR PARTS OF AMERICA INC 564 564
    NN INC COM 736 736
    NASDAQ INC COM STK 466 466
    NASPERS SPON ADR EACH REP 0.2 CL N SHS(POST SPLT 1,232 1,232
    NATURAL GAS SVCS GROUP INC COM 3,819 3,819
    NESTLE ADR 7,690 7,690
    NETFLIX INC 1,382 1,382
    NETFLIX INC 6,910 6,910
    NETFLIX INC 14,808 14,808
    NIKE INC CLASS B COM NPV 2,377 2,377
    NINTENDO 8 ADR REP ORD 6,249 6,249
    NORDSON CORP 2,832 2,832
    NORFOLK SOUTHN CORP COM 9,107 9,107
    NORFOLK SOUTHN CORP COM 1,678 1,678
    NORTHEAST BK LEWISTON ME COM 5,067 5,067
    NORTHWEST PIPE CO COM STK USD0.01 5,613 5,613
    NOVARTIS AG SPONSORED ADR 11,004 11,004
    NOVO NORDISK A/S ADR-EACH CNV INTO 1 CLASS B DKK1 4,858 4,858
    NUCOR CORP COM USD0.40 1,590 1,590
    NVIDIA CORPORATION COM 18,485 18,485
    NVIDIA CORPORATION COM 5,788 5,788
    OREILLY AUTOMOTIVE INC COM 2,549 2,549
    OLD DOMINION FREIGHT LINE INC COM 2,333 2,333
    ONE STOP SYS INC COM 1,163 1,163
    ORACLE CORP 12,083 12,083
    ORACLE CORP 1,726 1,726
    ORRSTOWN FINANCIAL SERVICES INC COM NPV 2,163 2,163
    OTIS WORLDWIDE CORP COM 893 893
    PAM TRANSPORTATION SERVICES INC 1,504 1,504
    PNC FINANCIAL SERVICES GROUP COM USD5 2,105 2,105
    PACCAR INC COM USD1.00 1,216 1,216
    PARKE BANCORP INC COM STK USD0.10 3,582 3,582
    PAYCHEX INC COM USD0.01 10,402 10,402
    PAYCHEX INC COM USD0.01 867 867
    PAYPAL HLDGS INC COM 3,408 3,408
    PAYPAL HLDGS INC COM 1,193 1,193
    PEOPLES FINANCIAL SERVICES GROUP COM USD2 1,532 1,532
    PEPSICO INC 4,865 4,865
    PERKINELMER INC COM USD1.00 898 898
    PFIZER INC 12,517 12,517
    PHILIP MORRIS INTERNATIONAL INC COM NPV 8,288 8,288
    PHOTRONICS INC 5,587 5,587
    POOL CORP COM 1,993 1,993
    PRINCIPAL FINANCIAL GROUP INC COM 1,021 1,021
    PROFIRE ENERGY INC 1,111 1,111
    PROGRESSIVE CORP COM 12,893 12,893
    PROGRESSIVE CORP COM 1,552 1,552
    PROSPERITY BANCSHARES INC 2,320 2,320
    PROSUS N.V. SPON ADR EACH REP 0.20 ORD SHS 2,586 2,586
    PRUDENTIAL FINANCIAL INC 2,338 2,338
    QUALCOMM INC 8,593 8,593
    QUALCOMM INC 2,292 2,292
    QUANTUM CORP COM NEW 1,247 1,247
    RPM INTERNATIONAL INC 5,022 5,022
    REGENERON PHARMACEUTICALS INC 9,971 9,971
    REGIONS FINANCIAL CORP NEW COM 1,082 1,082
    RESMED INC 814 814
    RIMINI STR INC DEL COM 3,071 3,071
    RIVERVIEW BANCORP INC COM 2,411 2,411
    ROCHE HOLDINGS ADR 8,385 8,385
    ROCKWELL AUTOMATION INC COM USD1 853 853
    ROSS STORES INC 2,466 2,466
    S&P GLOBAL INC COM 2,097 2,097
    SEI INVTS CO COM 4,265 4,265
    SEI INVTS CO COM 4,967 4,967
    SAFRAN SA UNSPON ADR EA REP 0.25 ORD 7,089 7,089
    SALESFORCE INC COM 9,775 9,775
    SALESFORCE INC COM 2,243 2,243
    HENRY SCHEIN INC COM 1,627 1,627
    SCHWAB CHARLES CORP COM 2,033 2,033
    SEMPRA COM 2,949 2,949
    SERVICE CORPORATION INTERNATIONAL COM USD1.00 1,821 1,821
    SERVICENOW INC COM USD0.001 1,402 1,402
    SHOPIFY INC COM NPV CL A ISIN #CA82509L1076 SEDOL #BX865C7 3,751 3,751
    SILVERCREST ASSET MANAGEMENT GROUP INC 3,459 3,459
    SMITH MICRO SOFTWARE INC COM NEW 2,375 2,375
    SMUCKER J M CO COM NEW 1,003 1,003
    BLOCK INC CL A 4,726 4,726
    STANLEY BLACK & DECKER INC 475 475
    STARBUCKS CORP COM USD0.001 9,891 9,891
    STARBUCKS CORP COM USD0.001 6,437 6,437
    STARBUCKS CORP COM USD0.001 1,884 1,884
    STATE STREET CORP 870 870
    STERLING CONSTR INC COM 2,879 2,879
    STRATTEC SECURITY CORP 2,090 2,090
    SUNLIGHT FINANCIAL HOLDINGS COM 1,778 1,778
    SYNOPSYS INC 958 958
    SYSCO CORP 1,599 1,599
    TJX COMPANIES INC 2,670 2,670
    TJX COMPANIES INC 1,589 1,589
    T-MOBILE US INC COM 1,999 1,999
    TARGET CORP 8,742 8,742
    TARGET CORP 1,619 1,619
    TELEFLEX INCORPORATED COM 3,165 3,165
    TENCENT HOLDINGS LIMITED UNSPON ADR 2,310 2,310
    TERMINIX GLOBAL HOLDINGS INC COM 4,992 4,992
    TESLA INC COM 8,341 8,341
    TEXAS INSTRUMENTS INC COM USD1.00 14,848 14,848
    TEXAS INSTRUMENTS INC COM USD1.00 2,121 2,121
    THERMO FISHER SCIENTIFIC INC 4,541 4,541
    TOPICUS COM INC SUB VTG SHS ISIN #CA89072T1021 SEDOL #BNGJNT1 53 53
    TRACTOR SUPPLY CO 1,124 1,124
    TRANSDIGM GROUP INC 2,421 2,421
    TRIMBLE INC COM 1,701 1,701
    TRUIST FINL CORP COM 1,393 1,393
    TWIN DISC INC 2,710 2,710
    TWITTER INC COM USD0.000005 871 871
    US BANCORP 2,176 2,176
    UBIQUITI INC COM 2,616 2,616
    USCB FINANCIAL HOLDINGS INC CLASS A COM 1,774 1,774
    ULTA BEAUTY INC COM 4,231 4,231
    UMPQUA HOLDINGS CORP 1,747 1,747
    UNION PAC CORP COM 2,637 2,637
    UNION PAC CORP COM 2,857 2,857
    UNIQUE FABRICATING INC COM 452 452
    UNITED PARCEL SERVICE INC 12,758 12,758
    UNITEDHEALTH GROUP INC 6,458 6,458
    UNITEDHEALTH GROUP INC 19,374 19,374
    UNITY BANCORP INC 3,074 3,074
    UNIVERSAL ELECTRONICS INC 2,037 2,037
    VANECK ETF TR VANECK INDONESIA INDEX ETF 17,125 17,125
    VANGUARD REAL ESTATE ETF 121,856 121,856
    VANGUARD SMALL CAP VALUE ETF 97,191 97,191
    VANGUARD INDEX FDS VANGUARD VALUE ETF FORMERLY VANGUARD INDEX TR 144,090 144,090
    VERIZON COMMUNICATIONS INC 10,771 10,771
    VERIZON COMMUNICATIONS INC 4,411 4,411
    VERISK ANALYTICS INC COM 875 875
    VERTEX PHARMACEUTICALS INC 11,015 11,015
    PARAMOUNT GLOBAL CLASS B COM 515 515
    VISA INC 2,758 2,758
    VISA INC 20,793 20,793
    VISA INC 4,880 4,880
    VISA INC 4,243 4,243
    VULCAN MATERIALS CO 824 824
    WABTEC COM 945 945
    WARNER BROS DISCOVERY INC COM SER A 627 627
    WELLS FARGO CO NEW COM 9,841 9,841
    WEST BANCORPORATION INC 2,927 2,927
    WEST PHARMACEUTICAL SERVICES INC 1,242 1,242
    WEX INC 4,938 4,938
    WEYERHAEUSER CO MTN BE COM NEW 1,028 1,028
    WHOLE EARTH BRANDS INC COM CL A 2,647 2,647
    WOODWARD INC COM 1,524 1,524
    WOODWARD INC COM 5,995 5,995
    WORKDAY INC COM USD0.001 CL A 3,439 3,439
    YUM! BRANDS INC 5,223 5,223
    YUM! BRANDS INC 729 729
    YUM CHINA HLDGS INC COM 2,455 2,455
    ZIMMER BIOMET HOLDINGS INC COM 721 721
    ZOETIS INC 2,564 2,564
    ZOVIO INC COM 261 261
    AON PLC SHS CL A COM USD0.01 13,784 13,784
    AON PLC SHS CL A COM USD0.01 1,378 1,378
    ARCH CAPITAL GROUP COM STK USD0.01 2,943 2,943
    ACCENTURE PLC 3,283 3,283
    JOHNSON CONTROLS INTERNATIONAL PLC COM USD1.00 1,363 1,363
    APTIV PLC COM USD0.01 ISIN #JE00B783TY65 SEDOL #B783TY6 1,912 1,912
    CHUBB LIMITED COM NPV ISIN #CH0044328745 2,113 2,113
    TE CONNECTIVITY LTD COM CHF0.57 906 906
    AERCAP HOLDINGS N.V. EUR0.01 6,081 6,081
    LYONDELLBASELL INDUSTRIES N V COM EUR0.04 CLASS A 6,284 6,284
    NXP SEMICONDUCTORS NV 759 759
    INVESCO DEVELOPING MARKETS Y 58,674 58,674
    BLACKROCK GLOBAL IMPACT FUND I 147,812 147,812
    CONESTOGA SMID CAP FUND INSTITUTIONAL 87,231 87,231
    ABR 75/25 VOLATILITY FUND INSTL 126,374 126,374
    GMO SGM MAJOR MARKETS FUND I 196,124 196,124
    GMO EMERGING MARKETS FUND I 182,701 182,701
    GOLDMAN SACHS GQG PARTNERS INTL OPP I 297,120 297,120
    JOHCM INTERNATIONAL SELECT INSTL 272,812 272,812
    PIMCO COMMODITY REAL RETURN INST 236,919 236,919
    VANGUARD INFLATION PROCTED SEC ADM CL 131,643 131,643
    ALEXANDRIA REAL ESTATE EQUITIES COM USD0.01 830 830
    ALPINE INCOME PPTY TR INC COM 3,430 3,430
    AMERICAN TOWER CORP NEW COM 2,817 2,817
    AMERICAN TOWER CORP NEW COM 1,537 1,537
    CROWN CASTLE INTL CORP NEW COM ISIN #US22822V1017 SEDOL #BTGQCX1 14,413 14,413
    CROWN CASTLE INTL CORP NEW COM ISIN #US22822V1017 SEDOL #BTGQCX1 1,517 1,517
    DIGITAL REALTY TRUST INC 977 977
    EQUINIX INC COM 1,374 1,374
    EQUITY LIFESTYLE PROPERTIES INC 2,725 2,725
    EQUITY RESIDENTIAL SBI USD0.01 845 845
    EXTRA SPACE STORAGE INC 1,069 1,069
    GLOBAL MED REIT INC COM NEW 2,665 2,665
    GREAT AJAX CORP COM 3,123 3,123
    HOST HOTELS &RESORTS INC COM 860 860
    IRON MOUNTAIN INC COM USD0.01 485 485
    PROLOGIS INC. COM 2,295 2,295
    PUBLIC STORAGE COM USD0.10 1,653 1,653
    SBA COMMUNICATIONS CORP NEW CL A 3,029 3,029
    SBA COMMUNICATIONS CORP NEW CL A 1,010 1,010

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Art Works for Kids
    EIN:
    20-5711103
    US Government Securities - End of Year Book Value:

    118,604
    US Government Securities - End of Year Fair Market Value:

    118,604
    State & Local Government Securities - End of Year Book Value:


    68,769
    State & Local Government Securities - End of Year Fair Market Value:


    68,769


    TY 2021 LegalFeesSchedule
    Name:
    Art Works for Kids
    EIN:
    20-5711103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal fees 907 0   907


    TY 2021 OtherDecreasesSchedule
    Name:
    Art Works for Kids
    EIN:
    20-5711103
    Description Amount
    Change in market value of securities 727,326


    TY 2021 OtherExpensesSchedule
    Name:
    Art Works for Kids
    EIN:
    20-5711103
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank fees 333 0   333
    Telephone 535 0   535
    Professional development 3,845 0   3,845
    Public relations 22,211 0   22,211
    Supplies 1,689 0   1,689
    IT services 2,651 0   2,651
    HR services 3,104 0   3,104
    Dues & subscriptions 688 0   688
    Postage 23 0   23


    TY 2021 OtherIncomeSchedule2
    Name:
    Art Works for Kids
    EIN:
    20-5711103
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    from passthrough   -3,197  


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Art Works for Kids
    EIN:
    20-5711103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management 25,537 25,537   0


    TY 2021 TaxesSchedule
    Name:
    Art Works for Kids
    EIN:
    20-5711103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal excise taxes 7,000 0   0
    Foreign taxes 307 307   0
    Payroll taxes 3,185 0   0