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 08-01-2021 , and ending 07-31-2022
Name of foundation
Vilter Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)Po Box 270082
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Milwaukee, WI53227
A Employer identification number

39-0678640
B Telephone number (see instructions)

(414) 744-0111
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$3,411,359J 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... 52,572 52,572  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 156,636
b Gross sales price for all assets on line 6a 338,814
7 Capital gain net income (from Part IV, line 2)... 156,636
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 13,186 0  
12 Total. Add lines 1 through 11........ 222,394 209,208  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 26,400 11,200   15,200
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 23,025 4,425   19,000
c Other professional fees (attach schedule).... Click to see attachment 28,630 28,630   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,215 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,458 0   3,458
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 85,728 44,255   37,658
25 Contributions, gifts, grants paid....... 128,200 128,200
26 Total expenses and disbursements. Add lines 24 and 25 213,928 44,255   165,858
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,466
b Net investment income (if negative, enter -0-) 164,953
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............. 15,496 24,922 24,922
2 Savings and temporary cash investments......... 55,902 75,220 75,220
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) 107,114 Click to see attachment104,818 104,818
b Investments—corporate stock (attach schedule)....... 2,879,618 Click to see attachment2,243,126 2,243,126
c Investments—corporate bonds (attach schedule)....... 1,000,448 Click to see attachment951,873 951,873
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 54 0 0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment16,672 Click to see attachment11,400 Click to see attachment11,400
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,075,304 3,411,359 3,411,359
Liabilities 17 Accounts payable and accrued expenses.......... 51,534 38,346
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)......... 51,534 38,346
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........... 4,023,770 3,373,013
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,023,770 3,373,013
30 Total liabilities and net assets/fund balances (see instructions). 4,075,304 3,411,359
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
4,023,770
2
Enter amount from Part I, line 27a .....................
2
8,466
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,032,236
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
659,223
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,373,013
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 P    
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 338,814   182,178 156,636
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       156,636
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 2 156,636
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 2,293
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 2,293
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 285
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.............. 7 285
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 20
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,028
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   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$ 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)
    bulletWI
    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 ofbulletMr John Csepella Telephone no.bullet (414) 744-0111

    Located atbulletPO Box 270082MilwaukeeWI ZIP+4bullet53227
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    KE Wegner Treasurer
    10.00     		9,600 0 0
    PO Box 270082
    Milwaukee,WI53227
    JD Csepella President
    10.00     		9,600 0 0
    PO Box 270082
    Milwaukee,WI53227
    Jo Ann Wegner Secretary
    10.00     		7,200 0 0
    PO Box 270082
    Milwaukee,WI53227
    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
    3,630,940
    b
    Average of monthly cash balances.......................
    1b
    99,669
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,730,609
    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
    3,730,609
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    55,959
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    3,674,650
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    183,733
    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
    183,733
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    2,293
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,293
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    181,440
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    181,440
    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
    181,440
    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 7 181,440
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 91,474
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 165,858
    a Applied to 2020, but not more than line 2a 91,474
    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..... 74,384
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		107,056
    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) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    John Csepella
    PO Box 270082
    Milwaukee,WI53227
    (414) 744-0111
    bThe form in which applications should be submitted and information and materials they should include:
    No Form Specified
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Donations are limited to charitable, scientific, religious and educational organizations for purposes including, but not limited to, the promotion of education and research in the sciences, arts and crafts.
    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
    American Diabetes Association
    1701 N Beauregard Street
    Alexandria,VA22311     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    American Lung Association
    55 W Wacker Drive
    Chicago,IL60601     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    American Red Cross
    2600 W Wisconsin Avenue
    Milwaukee,WI53233     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 15,000
    Arthritis Foundation - Wisconsin Chapter
    10427 W Lincoln Avenue Suite 1800
    Milwaukee,WI53227     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 3,500
    Ascension Franciscan Foundation
    PO Box 270082
    Milwaukee,WI53227     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Betty Brinn Children's Museum
    929 E Wisconsin Ave
    Milwaukee,WI53202     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Big Brothers Big Sisters
    788 N Jefferson Street
    Milwaukee,WI53202     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 1,500
    Broadscope Disability Services Inc
    6102 W Layton Ave Suite 112
    Greenfield,WI53220     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Center for Deaf-Blind Persons
    8306 W Lincoln Ave
    West Allis,WI53219     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 3,500
    Children's Hospital Foundation
    111 Michigan Avenue NW
    Washington,DC20010     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    Circus World Museum
    PO Box 294
    Baraboo,WI53913     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Cudahy Family Library
    3500 Library Ave
    Cudahy,WI53110     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Faith Hope and Love
    1220 Mound Ave Suite 305B
    Racine,WI53404     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    Feeding America - Eastern Wisconsin
    1700 W Fond du Lac Avenue
    Milwaukee,WI53205     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    Foundation for Heart Science
    2131 N 72nd Street
    Wauwatosa,WI53213     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Foundation for Religious Retirement
    3221 S Lake Dr
    St Francis,WI53235     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Goodwill Industries of SE WI
    6055 N 91st St
    Milwaukee,WI53225     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Help Hope Live
    2 Radnor Corporate Center Suite 100
    Radnor,PA19087     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 1,500
    Historic Milwaukee Inc
    235 E Michigan St
    Milwaukee,WI53202     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Hunger Task Force of Milwaukee
    201 S Hawley Ct
    Milwaukee,WI53214     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 3,000
    International Crane Foundation
    E11376 Shady Lane Rd
    Baraboo,WI53913     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    MACC Fund
    10000 W Innovation Dr Suite 135
    Milwaukee,WI53226     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Macular Degeneration Association
    5969 Cattleridge Blvd Suite 100
    Sarasota,FL34232     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    March of Dimes
    1550 Crystal Dr Suite 1300
    Arlington,VA22202     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Milwaukee Jazz Festival
    PO Box 540
    Sussex,WI53089     		N/A POF TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    Milwaukee Rescue Mission
    830 N 19th St
    Milwaukee,WI53233     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 3,500
    Pabst Mansion Inc
    2000 W Wisconsin Ave
    Milwaukee,WI53233     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Penfield Children's Center
    833 N 26th St
    Milwaukee,WI53233     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    Racine County Food Bank
    2000 De Koven Ave
    Racine,WI53403     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Racine Theater Guild - Children's Theater
    2519 Northwestern Ave
    Racine,WI53404     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 1,500
    Racine Toys for Tots Program
    800 Center Street
    Racine,WI53403     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    Racine Zoological Society
    2131 N Main St
    Racine,WI53402     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,500
    Ronald McDonald House Charities
    8948 Watertown Plank Road
    Wauwatosa,WI53226     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 1,500
    Salvation Army
    615 Slaters Ln
    Alexandria,VA22314     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 5,000
    St Ann Center for Intergenerational Care
    2801 E Morgan Ave
    Milwaukee,WI53207     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    St Francis Children's Center
    6700 N Port Washington Rd
    Milwaukee,WI53217     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    St Matthew Congregation
    130 St Matthews Street
    Green Bay,WI54301     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 3,000
    St Thomas Aquinas Catholic Church
    305 S 1st St
    Waterford,WI53185     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 1,000
    The Cathedral Center
    845 N Van Buren St
    Milwaukee,WI53202     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    The Pettit Center - Schools on Ice Program
    500 S 84th Street
    Milwaukee,WI53214     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 3,700
    The Women's Center
    505 N East Ave
    Waukesha,WI53186     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 1,500
    University of Wisconsin School of Veterinary Medicine
    Veterinary Medicine Bldg 2015
    Linden Dr
    Madison,WI53706     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Valley of the Kings
    W7593 Town Hall Rd
    Sharon,WI53585     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Variety - The Children's Charity of WI
    12425 Knoll Road Suite 110
    El Grove,WI53122     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    WCTC Foundation
    800 Main St
    Pewaukee,WI53072     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    WI Adaptive Sports Association
    715 Talon Trail
    Brookfield,WI53045     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Wisconsin Big Cat Rescue Education Center Inc
    PO Box 245
    Rock Springs,WI53961     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Wisconsin Humane Society
    4500 W Wisconsin Ave
    Milwaukee,WI53208     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 2,000
    Zoological Society of Milwaukee County
    10005 W Bluemound Rd
    Milwaukee,WI53226     		N/A PC TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION 6,500
    Total .................................bullet 3a 128,200
    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 ............     		    18 156,636  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aDeferred Excise Tax Benefit     		    01 13,186  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 222,394 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    222,394
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 23,025 4,425   19,000

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Milwaukee Jazz Festival
          		PO Box 540
    Sussex,WI53089     		2022-06-06 5,000 Assist with expenses related to production of 2022 Fresh Coast Jazz Festival. 5,000 No diversion of funds. 03/24/23   N/A

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Air Products & Chemicals 46,799 46,799
    Ameriprise Financial Inc 50,008 50,008
    Apple Inc 35,316 35,316
    Bank of America 48,287 48,287
    Bank of Nova Scotia 34,998 34,998
    Berkshire Hathaway Inc 34,934 34,934
    Comcast Corp 48,919 48,919
    Cummins Inc 50,170 50,170
    Exxon Mobil Corp 44,876 44,876
    Freddie Mac 46,635 46,635
    Home Depot Inc 38,475 38,475
    JPMorgan Chase & Co 35,269 35,269
    Merck & Co Inc 46,815 46,815
    Microsoft Corp 34,920 34,920
    Oracle Corp 47,589 47,589
    PNC Funding Corp 48,119 48,119
    Pfizer 40,004 40,004
    Qualcomm Inc 50,289 50,289
    Schlumberger Investment 40,358 40,358
    State Street Corp 35,166 35,166
    Truist Financial Corp 43,773 43,773
    US Bancorp 50,154 50,154

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Name of Stock End of Year Book Value End of Year Fair Market Value
    American Century Equit Fd 357,140 357,140
    AM FDS New World FD Cl F3 87,630 87,630
    Am Fds Europacific Growth Fund 66,217 66,217
    Mfs Mid Cap Growth Fund 157,514 157,514
    T Rowe Price Growth Stk Fd Inc Com 492,481 492,481
    Vanguard Tot Int St Idx-Adm 150,299 150,299
    Vanguard 500 Index Fund Admiral 774,253 774,253
    Virtus Ceredex Mid-Cap Value Equity Fd 92,421 92,421
    Wasatch Small Cap Growth Fd 65,171 65,171

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    US Government Securities - End of Year Book Value:

    104,818
    US Government Securities - End of Year Fair Market Value:

    104,818
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 OtherAssetsSchedule
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Accrued Investment Income 9,226 8,622 8,622
    Excise Tax Receivable 7,446 2,778 2,778


    TY 2021 OtherDecreasesSchedule
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Description Amount
    Unrealized Loss on Investments 659,223


    TY 2021 OtherExpensesSchedule
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office Expenses 3,458 0   3,458


    TY 2021 OtherIncomeSchedule2
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Deferred Excise Tax Benefit 13,186   13,186


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Advisory Fees 28,630 28,630   0


    TY 2021 TaxesSchedule
    Name:
    Vilter Foundation Inc
    EIN:
    39-0678640
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Excise Tax 4,215 0   0