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 07-01-2021 , and ending 06-30-2022
Name of foundation
The Torosian Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)431 W 61st Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Kansas City, MO641131421
A Employer identification number

36-6086377
B Telephone number (see instructions)

(816) 363-2967
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$958,147J 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... 25,320 25,320  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 92,330
b Gross sales price for all assets on line 6a 306,044
7 Capital gain net income (from Part IV, line 2)... 92,330
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)..... 0  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 117,650 117,650  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 55,222     55,222
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 6,800     6,800
b Accounting fees (attach schedule)....... Click to see attachment 100     100
c Other professional fees (attach schedule).... Click to see attachment 8,825 8,825    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,300      
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,540     6,540
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,490     1,490
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 83,277 8,825   70,152
25 Contributions, gifts, grants paid....... 106,226 106,226
26 Total expenses and disbursements. Add lines 24 and 25 189,503 8,825   176,378
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -71,853
b Net investment income (if negative, enter -0-) 108,825
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......... 34,770 65,841 65,841
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).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 378,907 Click to see attachment277,751 278,027
b Investments—corporate stock (attach schedule)....... 429,399 Click to see attachment427,631 614,279
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 843,076 771,223 958,147
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 843,076 771,223
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)..... 843,076 771,223
30 Total liabilities and net assets/fund balances (see instructions). 843,076 771,223
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
843,076
2
Enter amount from Part I, line 27a .....................
2
-71,853
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
771,223
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
771,223
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
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 306,044 0 213,714 92,330
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a 0 0 0 92,330
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 92,330
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 1,513
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 1,513
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 1,938
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,300
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment: -3238 7 3,238
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,725
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet1,725 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMO
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJean T Kiene Telephone no.bullet (816) 363-2967

    Located atbullet431 W 61st StreetKansas CityMO ZIP+4bullet641131421
    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
     
    No
    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
    Jean T Kiene Pres. & Dir.
    12.00     		14,072 0 0
    431 W 61st St
    Kansas City,MO64113
    Jean Elisabeth Kiene Treas. & Dir.
    3.00     		6,000 0 0
    427 W 66th Terr
    Kansas City,MO64113
    Mark Titus V. Pres. & Dir.
    14.00     		18,600 0 0
    5409 W 69th Terr
    Shawnee Msn,KS66208
    Richard H Kiene III Sec. & Dir.
    10.50     		12,500 0 0
    1440 E Broadway
    Tempe,AZ85282
    Charles H Titus Director
    1.00     		2,550 0 0
    5409 W 69th Terr
    Prairie Village,KS66208
    Marissa Titus-Pulliam Director
    1.00     		1,500 0 0
    22144 W 125th St
    Olathe,KS66061
    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.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,130,717
    b
    Average of monthly cash balances.......................
    1b
    7,654
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,138,371
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,138,371
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    17,076
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    1,121,295
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    56,065
    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
    56,065
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    1,513
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,513
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    54,552
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    54,552
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    54,552
    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 54,552
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 102,205
    b From 2017...... 94,350
    c From 2018...... 85,508
    d From 2019...... 106,008
    e From 2020...... 118,847
    f Total of lines 3a through e ........ 506,918
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 176,378
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 54,552
    e Remaining amount distributed out of corpus 121,826
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 628,744
    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......     		 
    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) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		102,205
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		526,539
    10 Analysis of line 9:
    a Excess from 2017.... 94,350
    b Excess from 2018.... 85,508
    c Excess from 2019.... 106,008
    d Excess from 2020.... 118,847
    e Excess from 2021.... 121,826
    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).)
    None
    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.
    None
    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
    Ability KC
    3011 Baltimore Ave
    Kansas City,MO64108     		  Public Health 4,155
    ActBlue Charities
    366 Summer St
    Somerville,MA02144     		  Public Equal rightsfor Americans 110
    Act One
    910 E Osbord Rd B-1
    Phoenix,AZ85014     		  Public Arts & Culture 1,892
    All Saints Church
    9201 Wornal Rd
    Kansas City,MO64114     		  Public Religious 500
    Always & Furever-Midwsest Animal Sancutary
    23595 W 223rd St
    Spring Hill,KS66083     		  Public Animal Rescue 25
    Alwun House
    1204 E Roosevelt St
    Phoenix,AZ85006     		  Public Arts 3,250
    Alzheimers Foundation
    322 Eighth Ave 16th Fl
    New York,NY10001     		  Public Medical 50
    American Cancer Society
    3380 Chastain Meadows Pkwy NW 200
    Kennesaw,GA30144     		  Public Medical Research 50
    American Stroke Foundation
    6405 Metcalf Ave 214
    Overland Park,KS66202     		  Public Medical 680
    Arizona State University Fdn
    300 E University Dr
    Tempe,AZ85281     		  Public Education 1,435
    ArtsKC
    106 Southwest Blvd
    Kansas City,MO64106     		  Public Arts 100
    ASPCA
    5424 Antioch Dr
    Merriam,KS66202     		  Public Animal Rescue 50
    Bay Head Fire Dept
    81 Bridge Ave
    Bay Head,NJ08742     		  Public To protect and serve public 417
    Bay Head Improvement Assoc
    532 Lake Ave
    Bay Head,NJ08742     		  Public Environmental 264
    Bay Head Yacht Club
    111 Metcalfe St
    Bay Head,NJ08742     		  Public Social Services 2,126
    Best Friends Animal Society
    5001 Angel Canyon Rd
    Kanab,UT84741     		  Public Animal CrueltyPrevention 1,000
    Boy Scouts of America Troop 84
    10210 Holmes Rd
    Kansas City,MO64131     		  Public Youth Programs 287
    Brookside Barkery & Bath
    6201 Oak St
    Kansas City,MO64113     		  Public Animal Health 20
    Castillaja School
    1310 Bryant St
    Palo Alto,CA94301     		  Public Education 250
    CDLS Foundation
    30 Tower Lane 400
    Avon,CT06001     		  Public Medical Research 50
    Children's Mercy Hospital
    2401 GilhamRd
    Kansas City,MO64108     		  Public Medical 775
    Children's Phoenix (ELTA Med)
    1919 E Thomas Rd
    Phoenix,AZ85016     		  Public Medical 88
    Clements Waters
    7100 Norton Ave
    Kansas City,MO64132     		  Public Environmental 200
    Cornestone of Care
    300 E 36th St
    Kansas City,MO64111     		  Public Social Services 560
    Cystic Fibrosis Foundation
    4550 Montgomery Ave 1100
    Bethesda,MD20814     		  Public Medical Research 25
    Daughters of American Revolution
    1776 D Street NW
    Washington,DC20006     		  Public HistorialEducation 168
    Episcopal Community Services
    11 E 40th St
    Kansas City,MO64111     		  Public Religious Services 50
    FC Arizona Foundation
    4961 S Pecan Way
    Chandler,AZ85248     		  Public Youth Development 2,500
    Genesis City
    525 E McDowell Rd
    Phoenix,AZ85004     		  Public Education 500
    Greater Arizona Puppet Theatre
    302 W Latham St
    Phoenix,AZ85003     		  Public Arts 3,691
    Greater Newark Conservancy
    32 Prince St
    Newark,NJ07103     		  Public Environmental 1,546
    Hall of Flame Museum
    6101 E Van Buren St
    Phoenix,AZ85008     		  Public Arts 4,277
    Happy Bottoms
    303 W 79th St
    Kansas City,MO64114     		  Public Community 25
    Heart of America Shakespeare
    3619 Broadway 2
    Kansas City,MO64114     		  Public Arts 10,990
    Help My Students - Go Fund Me
    855 Jefferson Ave
    Redwood City,CA94064     		  Public Education 58
    Humane Society of Atchison
    100 N 21st St
    Atchison,KS66002     		  Public Animal Rescue 25
    Hunt Family Foundation
    One Arrowhead Dr
    Kansas City,MO64129     		  Public Education 100
    Immersive Van Gogh
    299 South St
    New York,NY10002     		  Public Arts 58
    Jackson County Animal Shelter
    21001 MO-78
    Independence,MO64057     		  Public Animal Rescue 52
    Jersey Mike's Foundation
    2251 Landmark Place
    Manasquan,NJ08736     		  Public Feed the Needy 97
    Jewel Ball
    4525 Oak St
    Kansas City,MO64111     		  Public Arts 3,000
    Kansas City Artists Coalition
    201 Wyandotte
    Kansas City,MO64105     		  Public Arts 150
    Kansas City Actors Theatre
    PO Box 414260
    Kansas City,MO64141     		  Public Arts 2,575
    Kansas City Christian Child Care
    4801 W 79th St
    Prairie Village,KS66208     		  Public Community 250
    Kansas City Community Gardens
    6917 Kensington Ave
    Kansas City,MO64132     		  Public Community Outreach 1,984
    KC Farm School
    4223 Gibbs Rd
    Kansas City,KS66106     		  Public Community Outreach 512
    Kansas City Zoo
    6800 Zoo Dr
    Kansas City,MO64132     		  Public Animal Preservation 225
    LKC Foundation
    308 E 8th Street 4th Fl
    Cincinnati,OH45202     		  Public Community 50
    Last Prisoner Project
    1312 17th St 640
    Denver,CO80202     		  Public Community 100
    Latin School of Chicago
    59 W North Blvd
    Chicago,IL60610     		  Public Education 750
    Lucky Plush Productions
    301 Olmstead Rd
    Riverside,IL60546     		  Public Arts 5,145
    Memorial Sloan Kettering
    633 3rd Ave 5th Fl
    New York,NY10017     		  Public Medical 1,048
    Michelangelo Sistine Chapel Exh
    100 6th Ave
    New York City,NY10013     		  Public Arts 138
    Millbrooke Elementary School
    11751 Sunnybrook Blvd
    Olathe,KS66061     		  Public Education 250
    Mimi's Pantry KC
    2255 NW Vivion Rd
    Riverside,MO64150     		  Public Feed the Needy 1,439
    Nelson Atkins Gallery Foundation
    4525 Oak St
    Kansas City,MO64111     		  Public Arts 1,000
    Network for Good
    1140 Connecticut Ave NW 700
    Washington,DC20036     		  Public Education 50
    Nourish KC
    PO Box 412458
    Kansas City,MO64041     		  Public Feed the Needy 75
    Oakhill Day School
    7019 N Cherry St
    Gladstone,MO64118     		  Public Education 2,034
    Olathe Public Schools Fdn
    300 E Loula St
    Olathe,KS66061     		  Public Education 158
    Pancreatic Cancer
    1500 Rosecrans Ave 200
    Manhattan Beach,CA90266     		  Public Medical 50
    Pembroke Hill School
    5121 State Line Rd
    Kansas City,MO64112     		  Public Education 3,200
    Phoenix Children's Hospital
    1919 E Thomas Rd
    Phoenix,AZ85016     		  Public Medical 518
    Rialto Theatre
    318 E Congress St
    Tuscon,AZ85701     		  Public Arts 711
    Rose Brooks
    PO Box 320599
    Kansas City,MO64132     		  Public Assist victimsof domestic violence 3,271
    Salisbury School
    251 Canaan Rd
    Salisbury,CT06068     		  Public Education 1,000
    Save Barnegat Bay
    117 Haines Rd
    Toms River,NJ08753     		  Public Preservation 75
    Scottsdale Public Art
    7380 E Second St
    Scottsdale,AZ85251     		  Public Arts 2,402
    Sounds Academy
    3738 N 16th St
    Phoenix,AZ85016     		  Public Arts 1,030
    Southwest Shakespeare Co
    55 E Main St
    Mesa,AZ85201     		  Public Arts 2,975
    Spotlight Youth Theatre
    10620 N 43rd Ave
    Glendale,AZ85304     		  Public Arts 1,445
    St Andrew's Episcopal Church
    6301 Wornall Terr
    Kansas City,MO64113     		  Public Religious 3,015
    St Lawrence University
    24 Romoda Dr
    Canton,OH13617     		  Public Education 7,500
    Steps of Faith Foundation
    31 W 31st St
    Kansas City,MO64108     		  Public Medical 102
    Stomp Out Bullying
    220 E 57th St 9th Fl Ste G
    New York,NY10022     		  Public Community 70
    The Street Foundation
    225 Liberty St 27th Fl
    New York,NY10281     		  Public Social Services 620
    Truman Medical Center Foundation
    2310 Holmes St 735
    Kansas City,MO64108     		  Public Health 1,950
    Unicorn Theater
    3828 Main St
    Kansas City,MO64111     		  Public Arts 5,000
    University Academy Foundation
    8080 Ward Pkwy
    Kansas City,MO64114     		  Public Education 2,564
    US Association of Fringe Festivals
    PO Box 415001
    Kansas City,MO64141     		  Public Arts 500
    Valley Youth Theater
    807 N 3rd St
    Phoenix,AZ85005     		  Public Arts 1,435
    Visitation School
    5134 Baltimore Ave
    Kansas City,MO64112     		  Public Education 1,084
    Waldo KC - Area Business Bureau
    7222 Wornall Rd
    Kansas City,MO64114     		  Public Community 195
    Wayside Waifs
    3901 Martha Truman Rd
    Kansas City,MO64137     		  Public Animal Rescue 100
    Welcome House
    1414 E 17th St
    Kansas City,MO64108     		  Public MedicalRehabilitation 550
    West Valley Arts Council
    16126 N Civic Center Plaza
    Surprise,AZ85374     		  Public Arts 1,435
    Total .................................bullet 3a 106,226
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    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 92,330  
    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) ..   117,650  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    117,650
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -3,238


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    The Torosian Foundation
    EIN:
    36-6086377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Higdon Hale Accounting 100     100

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    The Torosian Foundation
    EIN:
    36-6086377
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Publicly Traded Securities         306,044 213,714     92,330  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Torosian Foundation
    EIN:
    36-6086377
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Publicly traded common stock held in Fidelity Inv. Acct. 427,631 614,279

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    The Torosian Foundation
    EIN:
    36-6086377
    US Government Securities - End of Year Book Value:

    277,751
    US Government Securities - End of Year Fair Market Value:

    278,027
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2021 LegalFeesSchedule
    Name:
    The Torosian Foundation
    EIN:
    36-6086377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Spencer Fane LLP Tax Return Prep 6,800      


    TY 2021 OtherExpensesSchedule
    Name:
    The Torosian Foundation
    EIN:
    36-6086377
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office supplies/equip. 1,169     1,169
    Bank fees 300     300
    Annual Report 21     21


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Torosian Foundation
    EIN:
    36-6086377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Atwood/Fidelity Mgmt/Investment 8,825 8,825    


    TY 2021 TaxesSchedule
    Name:
    The Torosian Foundation
    EIN:
    36-6086377
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 4,300      
    Foreign Taxes 0