Form990-PF
Click to see list of attachments
Click to see list of attachmentsClick to see list of attachments

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 04-01-2021 , and ending 03-31-2022
Name of foundation
Circle Square Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)8435 SW 80th Street 2
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Ocala, FL34481
A Employer identification number

83-6900931
B Telephone number (see instructions)

(352) 387-7492
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$131,700,767J 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) 69,324
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,213,755 1,213,755 1,213,755
4 Dividends and interest from securities... 1,102,286 1,102,286 1,102,286
5a Gross rents............ 259,806 259,806 259,806
b Net rental income or (loss) 259,806
6a Net gain or (loss) from sale of assets not on line 10 5,896,072
b Gross sales price for all assets on line 6a 64,234,425
7 Capital gain net income (from Part IV, line 2)... 5,896,072
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 5,082
b Less: Cost of goods sold.... 1,779
c Gross profit or (loss) (attach schedule)..... Click to see attachment 3,303 3,303
11 Other income (attach schedule)....... Click to see attachment 179,942   179,942
12 Total. Add lines 1 through 11........ 8,724,488 8,471,919 2,759,092
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 81,147     81,147
14 Other employee salaries and wages...... 264,180     264,180
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 84,505     84,505
b Accounting fees (attach schedule)....... Click to see attachment 32,989 3,299 3,299 29,690
c Other professional fees (attach schedule).... Click to see attachment 364,251 274,094 274,094 80,980
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 228,599 4,025 4,025 224,574
19 Depreciation (attach schedule) and depletion... Click to see attachment 132,525    
20 Occupancy.............. 19,016     19,016
21 Travel, conferences, and meetings....... 13,170     13,369
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 561,108   179,942 149,761
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,781,490 281,418 461,360 947,222
25 Contributions, gifts, grants paid....... 17,187,095 17,187,095
26 Total expenses and disbursements. Add lines 24 and 25 18,968,585 281,418 461,360 18,134,317
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,244,097
b Net investment income (if negative, enter -0-) 8,190,501
c Adjusted net income (if negative, enter -0-)... 2,297,732
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............. 2,696,069 186,859 186,859
2 Savings and temporary cash investments......... 6,195,079 727,749 391,481
3 Accounts receivable bullet78,477
Less: allowance for doubtful accounts bullet   18,032 78,477 78,477
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..............   13,924 13,924
9 Prepaid expenses and deferred charges.......... 463,388 70,616 93,064
10a Investments—U.S. and state government obligations (attach schedule) 10,087,059 Click to see attachment6,410,933 6,040,968
b Investments—corporate stock (attach schedule)....... 33,440,483 Click to see attachment11,431,770 14,021,858
c Investments—corporate bonds (attach schedule)....... 17,482,225 Click to see attachment19,900,151 18,704,562
11 Investments—land, buildings, and equipment: basis bullet4,895,000
Less: accumulated depreciation (attach schedule) bullet   4,895,000 Click to see attachment4,895,000 4,895,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 47,444,237 Click to see attachment33,441,765 40,331,824
14 Land, buildings, and equipment: basis bullet47,110,167
Less: accumulated depreciation (attach schedule) bullet132,525 2,952,000 Click to see attachment46,977,642 46,936,223
15 Other assets (describe bullet) Click to see attachment8,385,842 Click to see attachment6,527 Click to see attachment6,527
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 134,059,414 124,141,413 131,700,767
Liabilities 17 Accounts payable and accrued expenses.......... 1,962,684 2,288,780
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) Click to see attachment6,114,158  
23 Total liabilities (add lines 17 through 22)......... 8,076,842 2,288,780
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........... 125,982,572 121,852,633
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)..... 125,982,572 121,852,633
30 Total liabilities and net assets/fund balances (see instructions). 134,059,414 124,141,413
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
125,982,572
2
Enter amount from Part I, line 27a .....................
2
-10,244,097
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,114,158
4
Add lines 1, 2, and 3 ..........................
4
121,852,633
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
121,852,633
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 Raymond James - Short Term Sales P 2022-01-01 2022-03-31
b Raymond James - Long Term Sales P 2021-01-01 2022-03-31
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 30,445,278   30,572,459 -127,181
b 33,789,147   27,765,894 6,023,253
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       -127,181
b       6,023,253
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 5,896,072
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 -127,181
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 113,848
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 113,848
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 122,191
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 152,191
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 38,343
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet38,343 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)
    bullet
    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
    Yes
     
    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
    Yes
     
    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 ofbulletRebecca Rogers Telephone no.bullet (352) 387-7492

    Located atbullet8435 SW 80th St Ste 2OcalaFL ZIP+4bullet34481
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Kenneth D Colen Trustee
    20.00     		0    
    8345 SW 80th Street Ste 2
    Ocala,FL34481
    Rebecca RogersClick to see attachment Executive Dir.
    25.00     		78,500 372 2,275
    8345 SW 80th Street Ste 2
    Ocala,FL34481
    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
    Brian James Schrader Head Swim Coach
    40.00     		66,000 2,112 2,100
    8345 SW 80th Street Ste 2
    Ocala,FL34481
    William John Vargo Aquatics Director
    40.00     		60,391    
    8345 SW 80th Street Ste 2
    Ocala,FL34481
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Ausley Construction Company LLC Construction Services 4,868,210
    1521 SE 36th Avenue
    Ocala,FL34471
    Wannemacher Jensen Architects Inc Architectural Services 750,099
    132 Mirror Lake Drive N Unit 301
    Saint Petersburg,FL33701
    Nelson & Company LLC Construction Services 638,845
    3914 Beach Blvd
    Jacksonville,FL32207
    Metromont Corporation Construction Services 444,752
    20 Two Notch Rd
    Greenville,SC29605
    Parrish McCall Constructors Inc Construction Services 18,547,390
    3455 SW 42nd Avenue
    Gainesville,FL32608
    Total number of others receiving over $50,000 for professional services.............bullet27
    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 Development, planning and construction of aquatic center and joint worship facility 47,341,083
    2 Operating and management of Aquatic center available to the general public and local swim teams. 423,109
    3 Operating and management of Joint Worship Facility 35,612
    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
    106,542,552
    b
    Average of monthly cash balances.......................
    1b
    4,245,870
    c
    Fair market value of all other assets (see instructions)................
    1c
    4,895,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    115,683,422
    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
    115,683,422
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,735,251
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    113,948,171
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,697,409
    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
     
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7  
    2 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......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$  
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount.....  
    e Remaining amount distributed out of corpus  
    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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		 
    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) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    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
    2019-04-29
    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
    2,297,732 2,300,369 2,071,550   6,669,651
    b 85% (0.85) of line 2a ......... 1,953,072 1,955,314 1,760,818   5,669,204
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		47,799,803 722,996 15,000,575   63,523,374
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		17,187,095       17,187,095
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		30,612,708 722,996 15,000,575   46,336,279
    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 ..     		3,798,273 4,124,373 3,477,453   11,400,099
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Community Foundation for Ocala
    324 SE 24th Street
    Ocala,FL34471     		  PC Charitable Contribution 25,000
    Colen Family Charitable Trust
    8435 SW 80th St 2
    Ocala,FL34481     		BOARD & STAFF POF Charitable Contribution 17,162,095
    Total .................................bullet 3a 17,187,095
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,213,755  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 259,806  
    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 5,896,072  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory     3 3,303  
    11 Other revenue:
    aProgram Service Revenue     		        179,942
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   8,475,222 179,942
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,655,164
    (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: 21013475
    Software Version: 2021v4.1


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    83-6900931
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Circle Square Foundation
          		Employer identification number
    83-6900931
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Tree of Life Sanctuary
     
    6140 SW 78th Ave Rd
     
    Ocala, FL34481

    		$ 66,324


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    83-6900931
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Circle Square Foundation
          		Employer identification number

    83-6900931
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID: 21013475
    Software Version: 2021v4.1

    TY 2021 AccountingFeesSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 32,989 3,299 3,299 29,690

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

    TY 2021 AmortizationSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    Trademark 2021-04-15 958   15.0000 64     64
    Start-Up Costs 2021-04-29 6,000   15.0000 367     367

    TY 2021 CompensationExplanation
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Person Name Explanation
    Rebecca Rogers Circle Square Foundation is party to a shared expense agreement. The officer compensation shown in Part VII reflects the costs allocable to Circle Square Foundation.

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

    TY 2021 DepreciationSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Worship Center - Building 2021-12-31 6,802,949   SL 0.75 % 50,954      
    Aqutic Center - Building 2022-03-28 35,555,960   SL 0.11 % 38,045      
    Worship Center- Food Service Equip. 2021-12-31 22,501   SL 7.14 % 1,607      
    Worship Center- Communications Eq. 2021-12-31 15,408   SL 7.14 % 1,100      
    Worship Center- Sound System 2021-12-31 133,662   SL 0.75 % 1,001      
    Aquatic Center- Signage 2022-03-28 33,865   SL 7.14 % 2,418      
    Aquatic Center- Athletic Equipment 2022-03-28 3,119   SL 7.14 % 223      
    Aquatic Center- Gym 2022-03-28 18,000   SL 7.14 % 1,285      
    Aquatic Center- Power Lift 2022-03-28 153,595   SL 7.14 % 10,967      
    Aquatic Center- Outdoor Furniture 2022-03-28 83,522   SL 7.14 % 5,963      
    Aquatic Center- Exterior Furniture 2022-03-28 16,475   SL 7.14 % 1,176      
    Aquatic Center- Misc. Furnishings 2022-03-28 73,051   SL 7.14 % 5,216      
    Aquatic Center- Swimming Pool 2022-03-28 1,086,292   SL 0.11 % 1,162      
    Aquatic Center- 12 Car Chargers 2022-03-28 32,446   SL 7.14 % 2,317      
    Aquatic Center- Communications Eq. 2022-03-28 127,322   SL 7.14 % 9,091      

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TOTAL CAPITAL INTERNATIONAL S.A. 261,087 254,747
    SUMITOMO MITSUI FINANCIAL GROUP INC 108,363 101,251
    JPMORGAN CHASE & CO. 264,057 251,647
    HSBC HOLDINGS PLC 266,535 253,180
    GLAXOSMITHKLINE CAPITAL PLC 252,225 252,213
    HSBC HOLDINGS PLC 487,656 454,869
    COSTCO WHOLESALE CORPORATION 251,265 251,967
    ALIBABA GROUP HOLDING LTD 209,966 200,976
    ALIBABA GROUP HOLDING LTD 214,860 196,562
    PPG INDUSTRIES, INC. 287,465 282,531
    BANK OF AMERICA CORPORATION 215,494 205,870
    WAL-MART STORES, INC. 248,995 251,653
    WAL-MART STORES, INC. 257,900 254,517
    ORACLE CORPORATION 251,475 248,733
    BP CAPITAL MARKETS PLC 260,603 255,470
    CIGNA CORPORATION 142,610 138,100
    MIDAMERICAN ENERGY COMPANY 259,380 253,155
    TENNESSEE VALLEY AUTHORITY 442,224 455,543
    TENNESSEE VALLEY AUTHORITY 29,002 30,094
    TENNESSEE VALLEY AUTHORITY 440,235 454,035
    UNITED STATES DEPARTMENT OF HOUSING 91,772 89,700
    UNITED STATES DEPARTMENT OF HOUSING 457,219 446,584
    UNITED STATES DEPARTMENT OF HOUSING 393,555 389,824
    Federal Farm Credit Banks (3133EMBQ4) 239,970 234,607
    Federal Home Loan Banks (3130ALGJ7) 500,000 458,075
    Federal Home Loan Banks (3130AJ3V9) 362,341 337,736
    Federal Home Loan Mortgage (3134GVTZ1) 249,750 232,425
    Federal Home Loan Mortgage (3134AD3D29) 225,736 208,413
    Federal Agricultural Mortgage (31422BQ37 99,875 91,515
    Federal Home Loan Mortgage (3134GWQB5) 99,850 89,918
    Federal Home Loan Banks (3130AFGX9) 110,850 101,445
    Tennessee Valley Authority (88059ENQ3) 224,640 206,070
    Federal Farm Credit Banks (3133EKMD5) 131,138 121,929
    Tennessee Valley Authority (88059EXV1) 173,804 161,022
    Federal Farm Credit Banks (3133EKUX2) 270,083 245,083
    Federal Farm Credit Banks (3133EL6D1) 250,620 222,783
    Federal Home Loan Banks (3130AK6L5) 249,988 225,813
    Resolution Funding Corp 111,731 105,307
    Federal Home Loan Banks (3130AJKT5) 560,336 473,632
    Federal Home Loan Mortgage (3134GWAN6) 99,950 91,205
    Federal Home Loan Mortgage (3134GWKA3) 171,054 150,988
    Federal Agricultural Mortgage (31422BR28 473,575 429,918
    CitiGroup Inc. NTS 256,808 250,112
    March & McLennan Companies, Inc 264,018 252,440
    Alibaba Group Holding LTD 529,405 498,405
    Barclays Bank PLC MTN 199,600 178,184
    Ace INA Holdings INC 104,402 101,172
    Magna International Inc 107,985 102,789
    Wachovia Corporation 243,416 219,698
    Oracle Corporatin NTS 555,662 513,507
    Loews Corporation NTS 106,767 102,653
    American Honda Finance Corporation 104,003 96,898
    Goldman Sachs Group 108,246 101,014
    Cintas Corporation No. 2 114,038 102,594
    V.F. Corporation NTS 267,920 245,928
    QualComm Incorporated 112,365 101,445
    Keybank National Association 263,412 250,597
    Barclays Bank PLC MTN 101,541 88,626
    Providence St Joseph Health Obligated 32,066 28,379
    Prudential Financial Inc 153,224 134,676
    JP Morgan Chase & Co 98,750 82,988
    International Business Machines Corp 103,721 90,997
    PPG Industries, Inc. 106,387 93,788
    Reinsurance Group of America, Inc 214,833 192,666
    Southwest Gas Corp NTS 106,139 87,529
    Sumitomo Mitsui Financial Group 132,950 115,677
    Federal Home Loan Banks (3137EAEY1) 498,673 484,955
    Federal Farm Credit Banks (3133ELHP2) 512,375 490,110
    Apple Inc. (037833CQ1) 150,401 150,087
    Burlington Northern (12189LAL5) 254,245 250,642
    Goldman Sachs Group (38148LAC0) 268,965 252,338
    Cigna Corporations (125523AG5) 112,632 103,199
    AON PLC NTS (00185AAK0) 167,430 153,347
    Citigroup Inc. (172967KG5) 277,473 253,160
    Union Pacific Corporation (907818EH7) 267,853 248,573
    Marsh & MchLennan (571748AZ5) 111,510 101,679
    Canadian Imperial Bank (13605W2C4) 248,125 229,493
    BP Capital Markets (10373QAT7) 216,462 199,770
    Astrazenaca Finance (04636NAA1) 249,700 232,085
    Morgan Stanley MTN (61761J3R8) 270,302 248,167
    Credit Suisse AG (22550L2G5) 247,945 228,285
    JP Morgan Chase & Co (46625HRX0) 383,165 351,348
    Bank of Nova (064159Q82) 474,245 441,955
    Oracle Corporations NTS (68389XCD5) 101,758 91,502

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Air Products & Chemicals Incorporated 314,167 299,892
    AMER States WTR Company 391,747 445,100
    Apple Incorporated 403,677 628,596
    Atmos Energy Corporation 334,483 418,215
    Automatic Data Processing Incorporated 186,557 295,802
    Becton Dickinson & Company 398,249 425,600
    Brown Forman Corporation Class B 155,252 147,444
    CVS Health Corporation 276,554 445,324
    Chevron Corporation 402,568 732,735
    EcoLab Incorporated 258,574 229,528
    Essential Utils Incorporated 243,130 281,215
    Expeditors International Wash Inc 141,158 165,056
    Illinois Tool Wks Incorporated 220,423 251,280
    Intel Corporation 580,026 545,160
    International Business Machines 212,935 234,036
    JP Morgan Chase & Company 389,480 477,120
    Johnson & Johnson 147,708 177,230
    Keurig Dr Pepper Inc 170,715 227,400
    Kimberly-Clark Corporation 472,924 431,060
    Marsh & McLennan Companies Inc 172,510 272,672
    McCormick & Company Inc 298,381 339,320
    Merck & Company Inc 258,927 287,175
    Microsoft Corporation 341,500 493,296
    Oracle Corporation 491,676 587,383
    Proctor and Gamble Company 171,893 198,640
    Raytheon Technologies Corporation 257,580 396,280
    Regions Financial Corporation 216,399 356,160
    Rio Tinto PLC Sponsored ADR 326,570 369,840
    Roche Hldg Limited Sponsored 254,778 298,656
    Roper Technologies Incorporated 320,314 377,784
    S&P Global Incorporated 461,352 574,252
    Taiwan Semiconductor MFG 325,088 364,910
    Target Corporation 221,640 318,330
    Truist FINL Corporation 242,336 311,850
    United Parcel Service Inc 179,068 278,798
    Visa Incorporated Com 310,706 354,832
    Waste MGMT Incorporated 240,966 348,700
    Garmin Limited SHS 255,178 237,220
    KDDI Corporation ADR 200,905 214,487
    Texas Instrs Incorporated 183,676 183,480

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    6,410,933
    State & Local Government Securities - End of Year Fair Market Value:


    6,040,968


    TY 2021 InvestmentsLandSchedule2
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 4,895,000   4,895,000 4,895,000

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD INDEX FUNDS S&P 500 ETF SHS AT COST 4,207,344 6,746,513
    SOMERSET TC SOMERSET, PA AT COST 235,800 241,241
    CORNERSTONE CMNTY BK RED BLUFF, CA AT COST 249,532 253,305
    CELTIC BANK CORP AT COST 169,042 169,154
    CAPITAL ONE BANK, NA MCLEAN, VA AT COST 248,000 252,418
    CAPITAL ONE BANK (USA) NA GLEN ALLEN, AT COST 248,000 252,418
    ISHARES TR CORE S&P SCP ETF AT COST 3,081,428 4,315,200
    ISHARES TR CORE S&P MCP ETF AT COST 4,814,095 6,815,836
    ISHARES TR CORE MSCI EAFE AT COST 4,466,141 4,865,700
    ISHARES INCORPORATED CORE MSCI EMKT AT COST 6,828,858 7,610,350
    Luana Savings Bank FDIC #253 AT COST 249,750 249,960
    Morgan Stanley Bank NA AT COST 103,128 100,655
    Wells Fargo Bank NA FDIC #3511 AT COST 137,642 132,016
    Morgan Stanley Bank NA AT COST 120,850 115,818
    Sallie Mae BK FDIC #58177 AT COST 114,884 109,862
    Wells Fargo Bank NA FDIC #3511 AT COST 211,084 200,989
    Morgan Stanley Bank NA AT COST 198,516 188,872
    Sallie Mae BK FDIC #58177 AT COST 107,700 102,211
    Wells Fargo Bank NA FDIC #3511 AT COST 110,974 105,313
    Goldman Sachs Bank FDIC #33124 AT COST 156,472 148,581
    Texas Exch Bank SSB AT COST 450,125 415,072
    HSBC Bank USA FDIC #57890 AT COST 157,908 151,595
    Texas Exch Bank SSB AT COST 456,443 418,407
    HSBC Bank USA FDIC #57890 AT COST 260,925 251,568
    Toyota FNCL SVG Bank FDIC #57542 AT COST 366,768 347,678
    Holcomb Bank (Illinois) AT COST 249,375 216,743
    JP Morgan Chase Bank NA AT COST 247,500 219,300
    ISHARES TR RUS 1000 VAL ETF AT COST 1,259,680 1,327,840
    ISHARES TR RUS 1000 GRW ETF AT COST 2,373,512 2,498,670
    Central Bank FDIC (15258REBA4) AT COST 249,376 245,686
    New York Community (649447UH0) AT COST 99,765 97,374
    BMW Bank of North (05580AC51) AT COST 249,223 242,810
    Goldman Sachs Bank (38149MAJ2) AT COST 117,182 112,189
    Central Bank FDIC (15258RAY3) AT COST 248,875 238,910
    Sallie Mae BK FDIC (7954506Z3) AT COST 137,448 132,855
    Sallie Mae Bank (795451AD5) AT COST 249,375 240,595
    HSBC Bank USA (40434AH36) AT COST 104,360 101,519
    Live Oak BKG Co (538036RY2) AT COST 104,685 96,601

    TY 2021 LandEtcSchedule2
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 579,304 41,363 537,941 496,522
    Buildings 43,445,201 90,161 43,355,040 43,355,040
    Improvements 133,662 1,001 132,661 132,661
    Land 2,952,000   2,952,000 2,952,000


    TY 2021 LegalFeesSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 84,505 0 0 84,505


    TY 2021 OtherAssetsSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Net Intangible Assets   6,527 6,527


    TY 2021 OtherExpensesSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Amortization 431      
    Auto Allowance 3,325     3,325
    Bank Fees 336     336
    Computer Maintenance 5,434     6,356
    Credit Card Fees 1,833     1,833
    Dues & Subscriptions 1,691     1,088
    Insurance 248,190     75,247
    Licenses 1,066     1,066
    Meals & Entertainment 10,407     7,183
    Office Supplies 49,365     48,660
    Payroll Processing Fees 50,867     6,816
    Postage 801      
    Program Service Expenses     179,942 -179,942
    Property Management 130,463     130,420
    Repairs & Maintenance 33,034     30,830
    Supplies 23,865     16,543


    TY 2021 OtherIncomeSchedule2
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Program Service Revenue 179,942   179,942


    TY 2021 OtherIncreasesSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Description Amount
    Set Aside Spent Reclassified to Assets 6,114,158


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Advertising 34,374 0 0 30,197
    Consultant Expenses 55,783 0 0 50,783
    Investment Fees 274,094 274,094 274,094 0


    TY 2021 SalesOfInventoryList 
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
      5,082 1,779 3,303

    TY 2021 TaxesSchedule
    Name:
    Circle Square Foundation
    EIN:
    83-6900931
    Software ID:
    21013475
    Software Version:
    2021v4.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Income Tax 182,948     182,948
    Foreign Tax 4,025 4,025 4,025  
    Payroll Tax 31,003     31,003
    Real Estate Taxes 10,623     10,623