Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
APEL FOUNDATION
C/O THEODORE WILLIAMS
Number and street (or P.O. box number if mail is not delivered to street address)1191 NORTH RAISINVILLE ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONROE, MI48162
A Employer identification number

83-2574705
B Telephone number (see instructions)

(800) 451-4292
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$2,196,125J 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) 20,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 44,784 44,784  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 53,351
b Gross sales price for all assets on line 6a 391,154
7 Capital gain net income (from Part IV, line 2)... 53,351
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
List of Attached Documents:
// Content
6,159 6,159  
12 Total. Add lines 1 through 11........ 124,294 104,294  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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
List of Attached Documents:
// Content
1,750 0   1,750
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
13,095 13,095   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
827 186   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
List of Attached Documents:
// Content
300,916 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 316,588 13,281   1,750
25 Contributions, gifts, grants paid....... 150,000 150,000
26 Total expenses and disbursements. Add lines 24 and 25 466,588 13,281   151,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -342,294
b Net investment income (if negative, enter -0-) 91,013
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 89,218 432,138 432,138
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 89,218 Click to see attachment
List of Attached Documents:
// Content
58,331 		58,331
b Investments—corporate stock (attach schedule)....... 688,663 Click to see attachment
List of Attached Documents:
// Content
330,969 		330,969
c Investments—corporate bonds (attach schedule)....... 247,622 Click to see attachment
List of Attached Documents:
// Content
108,545 		108,545
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,989,415 Click to see attachment
List of Attached Documents:
// Content
1,266,142 		1,266,142
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
130,017 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,104,136 2,326,142 2,196,125
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
435,700 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 435,700 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 2,423,801 2,423,801
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 244,635 -97,659
29 Total net assets or fund balances (see instructions)..... 2,668,436 2,326,142
30 Total liabilities and net assets/fund balances (see instructions). 3,104,136 2,326,142
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
2,668,436
2
Enter amount from Part I, line 27a .....................
2
-342,294
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,326,142
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,326,142
Form 990-PF (2022)
Form 990-PF (2022)
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 DAVID APEL TRUST P 2000-01-01 2022-12-31
b APPLE INC P 2020-01-27 2022-01-06
c APPLE INC P 2020-02-06 2022-01-06
d APPLE INC P 2020-01-27 2022-12-06
e APPLE INC P 2021-07-29 2022-12-06
AMERICAN INTL GROUP P 2020-01-27 2022-12-06
AMERICAN INTL GROUP P 2020-02-06 2022-12-06
AMERN TOWER CORP REIT P 2020-01-27 2022-12-06
AMERN TOWER CORP REIT P 2020-02-06 2022-12-06
APOLLO GLOBAL MANAGE   2020-01-27 2022-12-06
APOLLO GLOBAL MANAGE   2022-03-24 2022-12-06
AVALONBAY CMNTYS INC REIT   2022-12-06 2022-12-06
BROADCOM INC   2020-03-13 2022-03-10
BROADCOM INC   2020-07-13 2022-03-10
BANK OF AMERICA CORP   2020-01-27 2022-12-06
BANK OF AMERICA CORP   2022-09-07 2022-12-06
BECTON DICKINSON&CO   2020-03-06 2022-12-06
BECTON DICKINSON&CO   2020-03-10 2022-12-06
BECTON DICKINSON&CO   2020-03-20 2022-12-06
BECTON DICKINSON&CO   2020-03-26 2022-12-06
BECTON DICKINSON&CO   2020-06-11 2022-12-06
BLACKSTONE INC   2020-01-27 2022-12-06
BLACKSTONE INC   2020-01-27 2022-12-06
BLACKSTONE INC   2020-01-27 2022-12-07
BLACKSTONE INC   2020-01-27 2022-12-12
BOSTON PROPERTIES REIT   2020-03-20 2022-12-06
BOSTON PROPERTIES REIT   2020-03-23 2022-12-06
BOSTON PROPERTIES REIT   2020-03-24 2022-12-06
BOSTON PROPERTIES REIT   2020-03-25 2022-12-06
COMCAST CORP NEW A   2020-01-27 2022-12-06
COMCAST CORP NEW A   2022-03-24 2022-12-06
CISCO SYSTEMS INC   2021-05-10 2022-12-06
CISCO SYSTEMS INC   2022-02-23 2022-12-06
WALT DISNEY CO   2020-01-27 2022-12-06
WALT DISNEY CO   2022-06-16 2022-12-06
ECOLAB INC   2020-01-27 2022-05-12
ECOLAB INC   2020-02-06 2022-05-12
ECOLAB INC   2020-01-27 2022-09-06
ECOLAB INC   2020-01-27 2022-09-07
ECOLAB INC   2020-01-27 2022-09-09
ECOLAB INC   2020-03-24 2022-09-09
ECOLAB INC   2020-03-26 2022-09-09
EDISON INTERNTNL   2020-01-27 2022-12-06
EDISON INTERNTNL   2020-02-06 2022-12-06
EMBECTA CORP   2020-03-06 2022-04-01
EMBECTA CORP   2020-03-06 2022-04-05
EMBECTA CORP   2020-03-10 2022-04-05
EMBECTA CORP   2020-03-20 2022-04-05
EMBECTA CORP   2020-03-23 2022-04-05
EMBECTA CORP   2020-03-26 2022-04-05
EMBECTA CORP   2020-06-11 2022-04-05
EMBECTA CORP   2021-12-13 2022-04-05
ENBRIDGE INC   2020-01-27 2022-12-06
ENBRIDGE INC   2020-02-06 2022-12-06
HOME DEPOT INC   2020-01-27 2022-12-06
JOHNSON & JOHNSON   2020-01-27 2022-12-06
JOHNSON & JOHNSON   2021-09-21 2022-12-06
JPMORGAN CHASE & CO   2022-12-06 2022-12-06
THE COCA-COLA CO   2020-01-27 2022-12-06
THE COCA-COLA CO   2020-02-06 2022-12-06
LINDE PLC   2020-01-27 2022-12-06
LINDE PLC   2020-02-06 2022-12-06
MASTERCARD INC A   2020-01-27 2022-12-06
MASTERCARD INC A   2020-02-06 2022-12-06
MONDELEZ INTL A   2020-01-27 2022-12-06
MONDELEZ INTL A   2020-02-06 2022-12-06
METLIFE INC   2020-01-27 2022-12-06
METLIFE INC   2020-02-06 2022-12-06
MERCK & CO. INC.   2020-01-27 2022-12-06
MICROSOFT CORP   2020-01-27 2022-03-01
MICROSOFT CORP   2020-02-06 2022-03-01
MICROSOFT CORP   2020-01-27 2022-12-06
MICROSOFT CORP   2021-07-29 2022-12-06
NEXTERA ENERGY INC   2020-01-27 2022-04-06
NEXTERA ENERGY INC   2020-01-27 2022-05-12
NEXTERA ENERGY INC   2020-03-13 2022-05-12
NEXTERA ENERGY INC   2020-03-13 2022-05-31
NEXTERA ENERGY INC   2020-03-13 2022-06-01
NORTHROP GRUMMAN COR   2020-10-26 2022-12-06
NORTHROP GRUMMAN COR   2020-10-27 2022-12-06
NORTHROP GRUMMAN COR   2020-11-04 2022-12-06
NESTLE S A ADR   2020-01-27 2022-12-06
NESTLE S A ADR   2020-02-06 2022-12-06
ORACLE CORP   2020-10-08 2022-12-06
ORACLE CORP   2021-03-11 2022-12-06
OTIS WORLDWIDE CORP   2020-01-27 2022-12-06
OTIS WORLDWIDE CORP   2020-02-06 2022-12-06
OTIS WORLDWIDE CORP   2020-03-26 2022-12-06
OTIS WORLDWIDE CORP   2020-04-09 2022-12-06
PUB SVC ENTERPISE GP   2020-04-09 2022-02-28
PUB SVC ENTERPISE GP   2020-04-13 2022-02-28
PUB SVC ENTERPISE GP   2020-04-14 2022-02-28
PUB SVC ENTERPISE GP   2020-05-01 2022-02-28
PUB SVC ENTERPISE GP   2020-10-08 2022-02-28
PUB SVC ENTERPISE GP   2020-04-08 2022-05-12
PUB SVC ENTERPISE GP   2020-05-01 2022-05-12
PUB SVC ENTERPISE GP   2020-04-07 2022-12-06
PUB SVC ENTERPISE GP   2020-04-08 2022-12-06
PUB SVC ENTERPISE GP   2020-05-04 2022-12-06
PUB SVC ENTERPISE GP   2020-04-07 2022-12-06
PUB SVC ENTERPISE GP   2020-04-07 2022-12-07
PUB SVC ENTERPISE GP   2020-05-14 2022-12-07
PUB SVC ENTERPISE GP   2020-05-14 2022-12-12
PFIZER INC   2020-01-27 2022-12-06
PROCTER & GAMBLE   2020-01-27 2022-12-06
PROCTER & GAMBLE   2020-02-06 2022-12-06
PNC FINL SERVICES   2020-01-27 2022-12-06
PNC FINL SERVICES   2021-03-04 2022-12-06
PPG INDUSTRIES INC   2020-01-27 2022-12-06
PIONEER NATURAL RES   2021-01-28 2022-03-10
PIONEER NATURAL RES   2021-02-03 2022-03-10
PIONEER NATURAL RES   2021-02-12 2022-03-10
PIONEER NATURAL RES   2021-10-21 2022-12-06
RAYTHEON TECHNOLOGIE   2020-01-27 2022-12-06
RAYTHEON TECHNOLOGIE   2020-02-06 2022-12-06
SEMPRA   2020-08-10 2022-12-06
SEMPRA   2020-08-12 2022-12-06
SEMPRA   2020-08-13 2022-12-06
SEMPRA   2020-12-17 2022-12-06
SEMPRA   2021-08-31 2022-12-06
TRAVELERS COMPANIES   2020-01-27 2022-12-06
TRAVELERS COMPANIES   2020-02-06 2022-12-06
TEXAS INSTRUMENTS   2020-01-27 2022-02-24
TEXAS INSTRUMENTS   2020-02-06 2022-02-24
TEXAS INSTRUMENTS   2020-01-27 2022-05-27
TEXAS INSTRUMENTS   2020-01-27 2022-12-06
UNITEDHEALTH GRP INC   2020-01-27 2022-12-06
UNITEDHEALTH GRP INC   2020-02-06 2022-12-06
UNITEDHEALTH GRP INC   2020-07-17 2022-12-06
UNION PACIFIC CORP   2020-01-27 2022-12-06
UNION PACIFIC CORP   2020-02-06 2022-12-06
UNITED PARCEL SRVC B   2020-01-27 2022-04-05
UNITED PARCEL SRVC B   2020-01-27 2022-12-06
U S BANCORP   2020-01-27 2022-12-06
U S BANCORP   2021-03-04 2022-12-06
VISA INC A   2020-01-27 2022-12-06
VISA INC A   2020-02-06 2022-12-06
VISA INC A   2021-04-06 2022-12-06
VULCAN MATERIALS COM   2020-01-27 2022-12-06
VULCAN MATERIALS COM   2020-02-06 2022-12-06
VERIZON COMMUNICATN   2020-01-27 2022-12-06
VERIZON COMMUNICATN   2022-02-28 2022-12-06
WASTE MANAGEMENT INC   2020-01-27 2022-12-06
WILLIAMS COS INC   2020-01-27 2022-12-06
ZOETIS INC A   2020-01-27 2022-01-06
ZOETIS INC A   2020-02-06 2022-01-06
ZOETIS INC A   2020-01-27 2022-12-06
ABBVIE INC P 2020-01-23 2022-12-06
ABBVIE INC P 2020-02-07 2022-12-06
ABBOTT LABORATORIES P 2022-08-18 2022-12-06
ARTHUR J GALLAGHER&C P 2020-01-23 2022-12-06
BROADCOM INC P 2020-01-23 2022-12-06
BROADCOM INC P 2021-07-26 2022-12-06
BANK OF AMERICA CORP P 2020-01-23 2022-12-06
BANK OF AMERICA CORP P 2020-02-07 2022-12-06
BANK OF AMERICA CORP P 2022-03-21 2022-12-06
BANK OF NY MELLON CO P 2021-10-21 2022-12-06
BLACKROCK INC P 2020-01-23 2022-11-10
BLACKROCK INC P 2020-02-07 2022-11-10
BLACKROCK INC P 2020-01-23 2022-12-06
BRISTOL-MYERS SQUIBB P 2020-07-21 2022-12-06
BRISTOL-MYERS SQUIBB P 2021-07-26 2022-12-06
CITIGROUP INC P 2020-01-23 2022-12-06
CATERPILLAR INC P 2020-01-23 2022-12-06
CATERPILLAR INC P 2020-01-23 2022-12-06
CROWN CASTLE INC REIT P 2020-01-23 2022-12-06
CELANESE CORP P 2020-11-18 2022-12-06
COMCAST CORP NEW A P 2021-09-21 2022-12-06
CONOCOPHILLIPS P 2020-06-17 2022-12-06
CISCO SYSTEMS INC P 2020-01-23 2022-12-06
CISCO SYSTEMS INC P 2021-08-24 2022-12-06
CVS HEALTH CORP P 2020-01-23 2022-12-06
CHEVRON CORP P 2020-01-23 2022-12-06
DOW INC P 2021-03-16 2022-12-06
EASTMAN CHEMICAL CO P 2020-01-23 2022-12-06
EMERSON ELECTRIC CO P 2020-01-23 2022-12-06
EVERGY INC P 2021-11-22 2022-12-06
FIRSTENERGY CORP P 2022-09-20 2022-12-06
F&G ANNUITIES & LIFE P 2022-12-01 2022-12-01
F&G ANNUITIES & LIFE P 2022-12-01 2022-12-06
FIFTH THIRD BANCORP P 2021-02-19 2022-12-06
FIDELITY NATL FINL P 2020-12-17 2022-12-06
GENERAL DYNAMICS CO P 2020-03-18 2022-12-06
GILEAD SCIENCES INC P 2020-01-23 2022-12-06
GILEAD SCIENCES INC P 2020-02-07 2022-12-06
GAMING & LEISURE PPT REIT P 2022-07-18 2022-12-06
HUNTINGTON BANCSHS P 2020-01-23 2022-12-06
HOME DEPOT INC P 2020-01-23 2022-03-10
HOME DEPOT INC P 2020-01-23 2022-12-06
HP INC. P 2020-01-23 2022-06-21
HP INC. P 2020-01-23 2022-07-18
HP INC. P 2020-02-07 2022-07-18
IBM CORP P 2022-05-18 2022-12-06
INTEL CORP P 2020-01-23 2022-03-10
INTEL CORP P 2020-02-07 2022-03-10
INTEL CORP P 2020-01-23 2022-12-06
INTERNTNL PAPER P 2020-01-23 2022-02-23
INTERNTNL PAPER P 2020-02-07 2022-02-23
JOHNSON & JOHNSON P 2020-01-23 2022-12-06
JOHNSON & JOHNSON P 2020-02-07 2022-12-06
JPMORGAN CHASE & CO P 2020-01-23 2022-12-06
JPMORGAN CHASE & CO P 2021-07-26 2022-12-06
JPMORGAN CHASE & CO P 2022-04-20 2022-12-06
KEYCORP INC P 2020-01-23 2022-12-06
KINDER MORGAN INC P 2020-01-23 2022-12-06
THE COCA-COLA CO P 2020-01-23 2022-12-06
THE COCA-COLA CO P 2020-01-23 2022-12-06
THE COCA-COLA CO P 2020-01-23 2022-12-06
THE COCA-COLA CO P 2020-01-23 2022-12-06
THE COCA-COLA CO P 2020-02-07 2022-12-06
LAMAR ADVERTISING CO A REIT P 2021-09-21 2022-12-06
LOCKHEED MARTIN CORP P 2020-01-23 2022-12-06
LOCKHEED MARTIN CORP P 2020-01-23 2022-12-06
LYONDELLBASELL INDS A P 2020-01-23 2022-08-18
LYONDELLBASELL INDS A P 2020-02-07 2022-08-18
MCDONALDS CORP P 2021-07-20 2022-12-06
MCDONALDS CORP P 2021-07-29 2022-12-06
MONDELEZ INTL A P 2020-01-23 2022-12-06
MONDELEZ INTL A P 2020-02-07 2022-12-06
MEDTRONIC PLC P 2020-01-23 2022-12-06
METLIFE INC P 2020-01-23 2022-12-06
ALTRIA GROUP INC P 2020-01-23 2022-12-06
MERCK & CO. INC. P 2020-01-23 2022-12-06
MICROSOFT CORP P 2020-01-23 2022-12-06
NISOURCE INC 0050 P 2021-04-21 2022-01-19
NISOURCE INC 0050 P 2021-04-21 2022-01-25
HEALTHPEAK PPTYS INC REIT P 2022-01-19 2022-12-06
PUB SVC ENTERPISE GP P 2020-05-18 2022-12-06
PEPSICO INC P 2020-01-23 2022-12-06
PEPSICO INC P 2020-02-07 2022-12-06
PFIZER INC P 2020-01-23 2022-12-06
PROCTER & GAMBLE P 2020-01-23 2022-12-06
PROCTER & GAMBLE P 2020-02-07 2022-12-06
PROLOGIS INC. REIT P 2020-01-23 2022-09-20
PROLOGIS INC. REIT P 2021-07-26 2022-09-20
PROLOGIS INC. REIT P 2020-01-23 2022-10-19
PROLOGIS INC. REIT P 2020-02-07 2022-10-19
PHILIP MORRIS INTL P 2020-01-23 2022-12-06
PNC FINL SERVICES P 2020-01-23 2022-12-06
PNC FINL SERVICES P 2021-07-26 2022-12-06
PRUDENTIAL FINL P 2020-01-23 2022-12-06
PRUDENTIAL FINL P 2020-01-23 2022-12-06
PRUDENTIAL FINL P 2020-01-23 2022-12-06
RAYTHEON TECHNOLOGIE P 2022-02-23 2022-12-06
SOUTHERN CO P 2020-01-23 2022-07-13
SOUTHERN CO P 2020-01-23 2022-12-06
A T & T INC P 2020-01-23 2022-12-06
A T & T INC P 2020-02-07 2022-12-06
A T & T INC P 2022-05-18 2022-12-06
TRUIST FINL CORP P 2021-01-21 2022-12-06
TRUIST FINL CORP P 2021-02-18 2022-12-06
TYSON FOODS INC A P 2020-10-21 2022-05-18
TYSON FOODS INC A P 2020-10-22 2022-05-18
TYSON FOODS INC A P 2020-10-23 2022-05-18
U G I CORP P 2021-06-17 2022-03-21
U G I CORP P 2021-06-23 2022-03-21
U S BANCORP P 2020-01-23 2022-12-06
U S BANCORP P 2021-07-29 2022-12-06
VERIZON COMMUNICATN P 2020-01-23 2022-12-06
WARNER BROTHERS DISC P 2021-07-26 2022-04-11
WARNER BROTHERS DISC P 2020-01-23 2022-10-19
WARNER BROTHERS DISC P 2020-02-07 2022-10-19
WARNER BROTHERS DISC P 2021-07-26 2022-10-19
W E C ENERGY GROUP I P 2022-05-18 2022-12-06
W E C ENERGY GROUP I P 2022-06-21 2022-12-06
W E C ENERGY GROUP I P 2022-06-21 2022-12-14
WALMART INC P 2020-01-23 2022-12-06
W.P. CAREY INC. REIT P 2020-02-24 2022-12-06
W.P. CAREY INC. REIT P 2020-02-25 2022-12-06
EXXON MOBIL CORP P 2020-01-23 2022-12-06
EXXON MOBIL CORP P 2020-02-07 2022-12-06
EXXON MOBIL CORP P 2021-04-06 2022-12-06
CAPITAL GAINS DIVIDENDS P    
(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 1,496     1,496
b 1,560   699 861
c 1,387   650 737
d 4,921   2,640 2,281
e 2,895   2,918 -23
3,440   2,811 629
430   374 56
1,934   2,138 -204
645   714 -69
2,739   2,149 590
1,656   1,662 -6
1,848   1,859 -11
1,747   631 1,116
582   320 262
2,812   2,796 16
1,919   1,930 -11
1,223   1,156 67
734   688 46
245   216 29
245   209 36
245   226 19
3,119   2,399 720
558   431 127
157   123 34
395   308 87
401   528 -127
401   475 -74
334   414 -80
468   644 -176
2,114   2,695 -581
1,248   1,683 -435
487   538 -51
1,119   1,255 -136
1,122   1,636 -514
2,150   2,167 -17
1,284   1,574 -290
321   411 -90
979   1,180 -201
662   787 -125
172   197 -25
686   595 91
515   478 37
2,369   2,743 -374
329   383 -54
19   16 3
12   11 1
18   16 2
6   5 1
18   14 4
25   20 5
6   5 1
68   63 5
3,285   3,388 -103
356   379 -23
3,805   2,780 1,025
1,247   1,044 203
2,315   2,136 179
2,746   2,771 -25
3,311   3,000 311
573   533 40
3,323   2,050 1,273
665   432 233
2,082   1,904 178
347   330 17
3,234   2,625 609
404   350 54
3,531   2,362 1,169
676   466 210
5,117   3,848 1,269
1,787   977 810
298   183 115
4,687   3,094 1,593
2,713   3,158 -445
1,887   1,466 421
690   666 24
345   266 79
1,066   744 322
991   691 300
1,077   615 462
1,615   917 698
1,077   639 438
2,841   2,660 181
710   671 39
549   426 123
549   472 77
1,611   1,622 -11
157   163 -6
354   241 113
157   94 63
325   267 58
195   155 40
325   264 61
260   198 62
130   117 13
678   495 183
203   149 54
60   49 11
60   49 11
300   244 56
598   487 111
61   49 12
121   92 29
419   323 96
3,583   2,737 846
3,275   2,769 506
744   639 105
1,804   1,793 11
150   173 -23
4,504   4,182 322
1,405   729 676
702   374 328
234   132 102
2,043   1,690 353
6,372   6,092 280
1,195   1,117 78
827   662 165
496   401 95
331   269 62
992   792 200
1,819   1,460 359
3,772   2,684 1,088
189   137 52
981   765 216
491   398 93
1,057   765 292
1,408   1,020 388
3,220   1,703 1,517
1,073   580 493
1,073   615 458
2,746   2,341 405
634   557 77
1,182   691 491
3,510   2,302 1,208
3,023   3,751 -728
86   102 -16
1,046   1,012 34
418   406 12
1,255   1,314 -59
3,037   2,387 650
357   295 62
1,324   2,163 -839
1,692   2,467 -775
4,140   3,023 1,117
5,969   3,860 2,109
1,532   952 580
438   277 161
3,240   2,856 384
2,274   1,195 1,079
650   365 285
833   877 -44
4,723   2,332 2,391
1,057   637 420
1,057   962 95
331   342 -11
265   276 -11
662   854 -192
987   1,368 -381
734   544 190
734   554 180
2,833   2,174 659
401   301 100
2,887   2,437 450
627   1,118 -491
689   429 260
2,297   1,429 868
1,246   1,348 -102
943   1,211 -268
1,178   1,905 -727
4,099   1,563 2,536
1,995   2,009 -14
1,265   1,534 -269
2,433   1,764 669
5,938   3,846 2,092
1,485   1,830 -345
1,190   1,035 155
1,134   931 203
986   1,123 -137
1,115   1,108 7
16   16 0
39   39 0
1,171   1,235 -64
622   671 -49
1,997   949 1,048
1,499   1,086 413
441   345 96
577   548 29
907   886 21
1,555   1,171 384
5,390   3,982 1,408
2,424   1,570 854
3,342   2,344 998
694   477 217
1,329   1,193 136
371   507 -136
696   1,002 -306
1,012   2,217 -1,205
1,499   1,395 104
136   124 12
4,630   3,860 770
890   761 129
2,353   2,459 -106
1,307   1,516 -209
1,307   1,324 -17
1,360   1,571 -211
1,584   1,892 -308
1,592   1,443 149
64   58 6
127   115 12
127   115 12
637   592 45
1,031   1,251 -220
1,457   1,287 170
485   429 56
2,725   2,580 145
182   164 18
1,638   1,405 233
1,092   975 117
1,685   1,387 298
606   530 76
1,560   2,415 -855
4,658   3,214 1,444
1,488   1,623 -135
5,770   4,469 1,301
3,700   2,496 1,204
1,114   1,044 70
1,843   1,774 69
803   1,118 -315
1,374   1,134 240
3,821   3,013 808
910   725 185
5,225   4,059 1,166
3,573   2,994 579
1,042   887 155
1,336   1,149 187
1,225   1,403 -178
2,024   1,914 110
506   465 41
2,987   2,533 454
451   459 -8
1,052   1,289 -237
104   96 8
208   191 17
2,595   2,388 207
1,195   1,113 82
215   206 9
2,794   2,820 -26
1,198   1,861 -663
342   533 -191
780   828 -48
501   616 -115
960   1,278 -318
1,866   1,301 565
1,781   1,245 536
1,696   1,195 501
1,046   1,399 -353
1,046   1,399 -353
1,665   2,143 -478
811   1,073 -262
2,537   4,169 -1,632
24   25 -1
386   1,142 -756
55   163 -108
154   332 -178
2,469   2,663 -194
1,234   1,196 38
1,358   1,288 70
4,066   3,127 939
799   884 -85
639   702 -63
5,045   3,208 1,837
841   492 349
1,051   563 488
40     40
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       1,496
b       861
c       737
d       2,281
e       -23
      629
      56
      -204
      -69
      590
      -6
      -11
      1,116
      262
      16
      -11
      67
      46
      29
      36
      19
      720
      127
      34
      87
      -127
      -74
      -80
      -176
      -581
      -435
      -51
      -136
      -514
      -17
      -290
      -90
      -201
      -125
      -25
      91
      37
      -374
      -54
      3
      1
      2
      1
      4
      5
      1
      5
      -103
      -23
      1,025
      203
      179
      -25
      311
      40
      1,273
      233
      178
      17
      609
      54
      1,169
      210
      1,269
      810
      115
      1,593
      -445
      421
      24
      79
      322
      300
      462
      698
      438
      181
      39
      123
      77
      -11
      -6
      113
      63
      58
      40
      61
      62
      13
      183
      54
      11
      11
      56
      111
      12
      29
      96
      846
      506
      105
      11
      -23
      322
      676
      328
      102
      353
      280
      78
      165
      95
      62
      200
      359
      1,088
      52
      216
      93
      292
      388
      1,517
      493
      458
      405
      77
      491
      1,208
      -728
      -16
      34
      12
      -59
      650
      62
      -839
      -775
      1,117
      2,109
      580
      161
      384
      1,079
      285
      -44
      2,391
      420
      95
      -11
      -11
      -192
      -381
      190
      180
      659
      100
      450
      -491
      260
      868
      -102
      -268
      -727
      2,536
      -14
      -269
      669
      2,092
      -345
      155
      203
      -137
      7
      0
      0
      -64
      -49
      1,048
      413
      96
      29
      21
      384
      1,408
      854
      998
      217
      136
      -136
      -306
      -1,205
      104
      12
      770
      129
      -106
      -209
      -17
      -211
      -308
      149
      6
      12
      12
      45
      -220
      170
      56
      145
      18
      233
      117
      298
      76
      -855
      1,444
      -135
      1,301
      1,204
      70
      69
      -315
      240
      808
      185
      1,166
      579
      155
      187
      -178
      110
      41
      454
      -8
      -237
      8
      17
      207
      82
      9
      -26
      -663
      -191
      -48
      -115
      -318
      565
      536
      501
      -353
      -353
      -478
      -262
      -1,632
      -1
      -756
      -108
      -178
      -194
      38
      70
      939
      -85
      -63
      1,837
      349
      488
      40
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 53,351
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 1,265
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,265
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,265
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 37
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 198
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow198 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowMI
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowN/A
14
The books are in care ofright arrowAPEL FOUNDATION Telephone no.right arrow (734) 671-3531

Located atright arrow1191 NORTH RAISINVILLE RDMONROEMI ZIP+4right arrow48162
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
THEODORE A WILLIAMS PRESIDENT, SECRETARY
1.00 		0 0 0
522 SW 52ND STREET
CAPE CORAL,FL33914
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...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
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.............right arrow0
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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
2,593,398
b
Average of monthly cash balances.......................
1b
75,742
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,669,140
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
2,669,140
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
40,037
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,629,103
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
131,455
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
131,455
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,265
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
649
c
Add lines 2a and 2b............................
2c
1,914
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
129,541
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
129,541
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
129,541
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
151,750
b
Program-related investments—total from Part VIII-B..................
1b
0
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
151,750
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 129,541
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 148,403
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 151,750
a Applied to 2021, but not more than line 2a 148,403
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 2022 distributable amount..... 3,347
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		126,194
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 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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).)
THEODORE A WILLIAMS
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 right arrow
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 (2022)
Form 990-PF (2022)
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

CAPE CORAL ANIMAL SHELTER

325 2ND AVE
CAPE CORAL,FL33991 		  PC GENERAL OPERATING FUND 20,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		  PC GENERAL OPERATING FUNDS 30,000

WOUNDED WARRIOR PROJECT

4899 BELFORT RD SUITE 300
JACKSONVILLE,FL32256 		  PC GENERAL OPERATING FUNDS 50,000

TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		  PC GENERAL OPERATING FUNDS 25,000

LEE HEALTH FOUNDATION

PO BOX 2218
FORT MYERS,FL33902 		  PC LITTLE RED WAGON FUND AT GOLISANO CHILDREN'S HOSPITAL 25,000
Total .................................right arrow 3a 150,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
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 ....     14 44,784  
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 ..... 211100 4,090 14 2,069  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 53,351  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 4,090 100,204 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
104,294
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
APEL FOUNDATION
C/O THEODORE WILLIAMS
Employer identification number

83-2574705
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) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
APEL FOUNDATION
C/O THEODORE WILLIAMS 		Employer identification number
83-2574705
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
DAVID APEL TRUST
 
1191 N RAISINVILLE RD
 
MONROE, MI48162

$ 20,000


(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) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
APEL FOUNDATION
C/O THEODORE WILLIAMS 		Employer identification number

83-2574705
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) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
APEL FOUNDATION
C/O THEODORE WILLIAMS 		Employer identification number

83-2574705
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) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 1,750 0   1,750

TY 2022 InvestmentsCorpBondsSchedule
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Name of Bond End of Year Book Value End of Year Fair Market Value
TRUIST BANK 2.8% 3,746 3,746
KINDER MORGAN 4.15% 3,939 3,939
MORGAN STANLEY 3.875% 3,931 3,931
SANTANDER 3.5% 4,853 4,853
WELLS FARGO 3% 3,828 3,828
JP MORGAN CHASE 4,856 4,856
ORACLE CORP 2.95% 4,746 4,746
VERIZON COMMUNICATIONS 5,031 5,031
THE GOLDMAN SACHS 3.75% 4,359 4,359
NISOURCE 0.95% 5,392 5,392
VIRGINIA ELECTRIC 3.15% 4,739 4,739
KEYCORP 2.55% 4,203 4,203
NVIDIA CORP 2.85% 4,379 4,379
UNITEDHEALTH 5.8% 3,167 3,167
VODAFON GROUP 5.8% 4,043 4,043
SHELL INTERNATIONAL 6.375% 3,312 3,312
INTERNATIONAL BUSINESS 4% 4,143 4,143
STARBUCKS CORP 2.25% 4,164 4,164
JOHNSON AND JOHNSON 1.3% 4,033 4,033
SIMON PROPERTY GR 3.5% 4,789 4,789
TORONTO DOMINION 1.25% 5,240 5,240
TOYOTA MOTOR CRE 3.05% 3,724 3,724
ROYAL BANK OF 3.625% 4,761 4,761
US BANCORP 5,387 5,387
PEPSICO 3,780 3,780

TY 2022 InvestmentsCorpStockSchedule
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Name of Stock End of Year Book Value End of Year Fair Market Value
AIG 2,783 2,783
APO 4,848 4,848
AAPL 5,847 5,847
BAC 4,074 4,074
BDX 4,323 4,323
AVGO 3,355 3,355
CMCSA 3,707 3,707
EIX 2,163 2,163
ENB 4,575 4,575
HD 3,474 3,474
JNJ 4,240 4,240
LIN 4,567 4,567
MA 2,782 2,782
MRK 3,994 3,994
MET 2,895 2,895
MSFT 8,154 8,154
MDLZ 3,599 3,599
NSRGY 3,114 3,114
NOC 2,728 2,728
ORCL 3,270 3,270
PFE 3,126 3,126
PNC 2,053 2,053
PPG 2,892 2,892
PG 3,486 3,486
RTX 5,853 5,853
SRE 3,245 3,245
TXN 1,487 1,487
KO 3,626 3,626
TRV 3,562 3,562
UNP 2,899 2,899
UPS 3,129 3,129
UNH 3,711 3,711
VZ 2,364 2,364
V 3,532 3,532
VMC 3,677 3,677
DIS 1,911 1,911
WM 2,667 2,667
WMB 5,001 5,001
AMT 2,542 2,542
T 2,154 2,154
ABBV 3,394 3,394
MO 1,691 1,691
AJG 3,771 3,771
BAC 2,020 2,020
BLK 3,543 3,543
BMY 2,590 2,590
AVGO 1,118 1,118
CAT 3,593 3,593
CE 1,329 1,329
CVX 5,744 5,744
CSCO 3,525 3,525
C 995 995
CMCSA 1,923 1,923
COP 4,248 4,248
CVS 2,609 2,609
EMN 1,466 1,466
EMR 1,537 1,537
XOM 5,625 5,625
FNF 941 941
GD 2,233 2,233
GILD 2,146 2,146
HD 4,106 4,106
HBAN 1,311 1,311
INTC 1,163 1,163
JNJ 4,770 4,770
JPM 4,962 4,962
KEY 1,777 1,777
KMI 2,133 2,133
LMT 1,946 1,946
MDT 1,865 1,865
MRK 4,993 4,993
MET 3,546 3,546
MSFT 3,837 3,837
MDLZ 2,599 2,599
PEP 4,155 4,155
PFE 4,407 4,407
PM 3,239 3,239
PNC 2,053 2,053
PG 4,850 4,850
PRU 3,282 3,282
PEG 1,838 1,838
SO 2,999 2,999
KO 2,799 2,799
USB 2,573 2,573
VZ 3,152 3,152
WMT 4,112 4,112
WPC 1,876 1,876
EQT 1,624 1,624
FCX 1,596 1,596
GM 1,346 1,346
INTC 1,797 1,797
JPM 3,621 3,621
PXD 2,284 2,284
SAP 3,302 3,302
AVB 2,746 2,746
CHK 2,642 2,642
CSCO 2,191 2,191
ABT 1,757 1,757
BK 1,684 1,684
DOW 1,713 1,713
EVRG 1,762 1,762
FITB 1,641 1,641
FE 1,678 1,678
F 2,570 2,570
IBM 1,409 1,409
JCI 1,472 1,472
MCD 2,899 2,899
RTX 1,917 1,917
TFC 1,850 1,850
WEC 1,688 1,688
CCI 1,763 1,763
GLPI 1,146 1,146
PEAK 1,379 1,379
LAMR 1,699 1,699

TY 2022 InvestmentsGovtObligationsSch
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
US Government Securities - End of Year Book Value:

58,331
US Government Securities - End of Year Fair Market Value:

58,331
State & Local Government Securities - End of Year Book Value:


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


0


TY 2022 InvestmentsOtherSchedule2
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
PRUDENTIAL ANNUITY FMV 481,365 481,365
JACKSON NATIONAL LIFE ANNUITY FMV 784,777 784,777

TY 2022 OtherAssetsSchedule
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
UNREALIZED LOSS ON INVESTMENTS 0 130,017  


TY 2022 OtherExpensesSchedule
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 896 0   0
ANNUAL REPORT FEE 20 0   0
LEGAL SETTLEMENT 300,000 0   0


TY 2022 OtherIncomeSchedule2
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RIDGEWOOD ENERGY 2,069 2,069 2,069
RIDGEWOOD ENERGY 4,090 4,090 4,090


TY 2022 OtherLiabilitiesSchedule
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Description Beginning of Year - Book Value End of Year - Book Value
UNREALIZED GAINS ON INVESTMENTS 435,700 0


TY 2022 OtherProfessionalFeesSchedule
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 13,095 13,095   0


TY 2022 TaxesSchedule
Name:
APEL FOUNDATION
 
C/O THEODORE WILLIAMS
EIN:
83-2574705
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 641 0   0
FOREIGN TAXES ON INVESTMENT INCOME 186 186   0