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
SAMUEL S FELS FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)1528 WALNUT STREET SUITE 102
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA19102
A Employer identification number

23-1365325
B Telephone number (see instructions)

(215) 731-9455
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$43,265,733J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 97,854 97,854  
4 Dividends and interest from securities... 1,044,661 1,044,661  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 477,909
b Gross sales price for all assets on line 6a 5,548,632
7 Capital gain net income (from Part IV, line 2)... 477,909
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
107,797 59,964  
12 Total. Add lines 1 through 11........ 1,728,221 1,680,388  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 265,000 13,250   251,750
14 Other employee salaries and wages...... 274,383 7,314   267,069
15 Pension plans, employee benefits....... 121,745 6,088   115,657
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,609 280   5,329
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
58,442 2,922   55,520
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
169,325 160,823   8,502
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
3,320    
20 Occupancy.............. 67,364 3,368   63,996
21 Travel, conferences, and meetings....... 61,053 3,053   58,000
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,785 2,389   45,396
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,074,026 199,487   871,219
25 Contributions, gifts, grants paid....... 1,054,000 2,314,000
26 Total expenses and disbursements. Add lines 24 and 25 2,128,026 199,487   3,185,219
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -399,805
b Net investment income (if negative, enter -0-) 1,480,901
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............. 263,380 358,932 358,932
2 Savings and temporary cash investments.........      
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
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).......... 52,887,444 Click to see attachment
List of Attached Documents:
// Content
42,630,254 		42,630,254
14 Land, buildings, and equipment: basis right arrow51,463
Less: accumulated depreciation (attach schedule) right arrow37,350 10,538 Click to see attachment
List of Attached Documents:
// Content
14,113 		14,113
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
13,717 		Click to see attachment
List of Attached Documents:
// Content
262,434 		Click to see attachment
List of Attached Documents:
// Content
262,434
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 53,175,079 43,265,733 43,265,733
Liabilities 17 Accounts payable and accrued expenses.......... 9,692 8,694
18 Grants payable................. 1,455,000 195,000
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
154,651 		Click to see attachment
List of Attached Documents:
// Content
238,979
23 Total liabilities (add lines 17 through 22)......... 1,619,343 442,673
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........... 51,555,736 42,823,060
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........    
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)..... 51,555,736 42,823,060
30 Total liabilities and net assets/fund balances (see instructions). 53,175,079 43,265,733
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
51,555,736
2
Enter amount from Part I, line 27a .....................
2
-399,805
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
98,924
4
Add lines 1, 2, and 3 ..........................
4
51,254,855
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
8,431,795
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
42,823,060
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 CHARLES SCHWAB - LOW DURATION (ST) P 2022-01-01 2022-12-31
b CHARLES SCHWAB - INTER FIX INC (ST) P 2022-01-01 2022-12-31
c CHARLES SCHWAB - PERMIT CAPITAL (ST) P 2022-01-01 2022-12-31
d CHARLES SCHWAB - PERMIT CAPITAL (LT) P 2022-01-01 2022-12-31
e CHARLES SCHWAB - OPENINVEST (ST) P 2022-01-01 2022-12-31
CHARLES SCHWAB - OPENINVEST (LT) P 2022-01-01 2022-12-31
(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 852,033   885,241 -33,208
b 468,705   491,035 -22,330
c 2,116,465   2,162,232 -45,767
d 230,985   4,595 226,390
e 1,247,034   1,141,871 105,163
633,410   385,749 247,661
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       -33,208
b       -22,330
c       -45,767
d       226,390
e       105,163
      247,661
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 2 477,909
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 3,858
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 20,585
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 20,585
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 20,585
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 56,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 56,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 298
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 35,117
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow14,000 Refundedright arrow 11 21,117
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
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 arrowPA
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 arrowSAMFELS.ORG
14
The books are in care ofright arrowSAMUEL S FELS FUND Telephone no.right arrow (215) 731-9455

Located atright arrow1528 WALNUT STREET SUITE 1002PHILADELPHIAPA ZIP+4right arrow19102
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
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
 
 
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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
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
Yes
 
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
SARAH MARTINEZ-HELFMAN FOUNDATION P
40.00 		240,000 23,500 4,925
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
JOHN L JACKSON JR BOARD CHAIR
3.00 		0 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
FARIHA KHAN BOARD VICE C
2.00 		4,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
TAMER MAKARY TREASURER/SE
3.00 		5,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
DANYELLE AUSTIN BOARD MEMBER
2.00 		4,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
MICHAEL O'BRYAN BOARD MEMBER
2.00 		4,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
WILL GONZALEZ ESQ BOARD MEMBER
2.00 		4,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
PARI HASHEMI MAGURA BOARD MEMBER
2.00 		4,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
IDA K CHEN BOARD MEMBER
2.00 		0 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
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
SHANELL RANSOM PROGRAM OFFI
40.00 		128,097 20,597 1,145
1528 WALNUT STREET STE 1002
PHILADELPHIA,PA19102
MICHELLE CURRICA HERNANDEZ GRANTS & OPS
40.00 		109,486 20,286 1,145
1528 WALNUT STREET STE 1002
PHILADELPHIA,PA19102
Total number of other employees paid over $50,000...................right arrow  
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 arrow  
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 THE SAMUEL S. FELS FUND (FELS FUND) IS A PRIVATE, INDEPENDENT FOUNDATION WITH A COMMITMENT TO IMPROVING CONDITIONS AND OPPORTUNITIES FOR MARGINALIZED COMMUNITIES WITHIN THE CITY OF PHILADELPHIA. FELS FUND PROVIDES GRANTS TO SUPPORT SERVICES, ADVOCACY AND ACTIVITIES THAT MOVE US TOWARDS A MORE SOCIAL, RACIALLY AND ECONOMICALLY JUST SOCIETY. FELS FUND HAS THREE FUNDING STREAMS: 1. ARTS AND CULTURE 2. SOCIAL, RACIAL AND ECONOMIC JUSTICE 3. IMMIGRANTS AND REFUGEES IN ADDITION TO ITS GRANTMAKING PROGRAMS, FELS FUND INVESTS ITS ENDOWMENT IN FUNDS AND PROJECTS ALIGNED WITH ITS MISSION AND OTHER SOCIALLY RESPONSIBLE OPPORTUNITIES. 3,185,219
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
44,106,200
b
Average of monthly cash balances.......................
1b
1,615,465
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
45,721,665
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
45,721,665
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
685,825
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
45,035,840
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,251,792
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
2,251,792
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
20,585
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
20,585
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,231,207
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,231,207
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
2,231,207
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
3,185,219
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
3,185,219
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 2,231,207
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......  
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018...... 112,991
c From 2019...... 46,388
d From 2020...... 914,014
e From 2021...... 1,482,387
f Total of lines 3a through e ........ 2,555,780
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 3,185,219
a Applied to 2021, 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 2022 distributable amount..... 2,231,207
e Remaining amount distributed out of corpus 954,012
5 Excess distributions carryover applied to 2022.    
(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 3,509,792
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		3,509,792
10 Analysis of line 9:
a Excess from 2018.... 112,991
b Excess from 2019.... 46,388
c Excess from 2020.... 914,014
d Excess from 2021.... 1,482,387
e Excess from 2022.... 954,012
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).)
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 e-mail address of the person to whom applications should be addressed:
SAMUEL S FELS FUNDS
1528 WALNUT STREET SUITE 1002
PHILADELPHIA,PA19102
(215) 731-9455
bThe form in which applications should be submitted and information and materials they should include:
FUNDING PRIORITIES AS WELL AS LINKS TO THE TWO-STAGE PROCESS THAT INCLUDES AN INITIAL ONLINE FUNDING INQUIRY FOLLOWED BY AN ONLINE APPLICATION ARE AVAILABLE ON THE SAMUEL S. FELS FUND WEBSITE WWW.SAMFELS.ORG
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

ABORTION LIBERATION FUND OF PA

123 S BROAD STREET
PHILADELPHIA,PA19109 		  PC GENERAL OPERATING SUPPORT 25,000

AFRICAN AMERICAN MUSEUM IN

701 ARCH STREET
PHILADELPHIA,PA19106 		  PC GENERAL OPERATING SUPPORT 25,000

AFRICAN FAMILY HEALTH ORGANIZATION

5400 GRAYS AVENUE
PHILADELPHIA,PA19143 		  PC GENERAL OPERATING SUPPORT 40,000

AL-BUSTAN SEEDS CULTURE

3645 LANCASTER AVENUE
PHILADELPHIA,PA19104 		  PC GENERAL OPERATING SUPPORT 20,000

AMISTAD LAW PROJECT

PO BOX 9148
PHILADELPHIA,PA19139 		  PC GENERAL OPERATING SUPPORT 30,000

ASIAN AMERICANS UNITED

1023 CALLOWHILL STREET
PHILADELPHIA,PA19123 		  PC GENERAL OPERATING SUPPORT 25,000

ASIAN ARTS INITIATIVE

1219 VINE STREET
PHILADELPHIA,PA19107 		  PC GENERAL OPERATING SUPPORT 25,000

BEYOND THE BARS

3500 LANCASTER AVENUE
PHILADELPHIA,PA19104 		  PC GENERAL SUPPORT 15,000

BLACK MEN HEAL

63 LANCASTER AVENUE
ARDMORE,PA19003 		  PC GENERAL OPERATING SUPPORT 30,000

BLACK MEN HEAL

63 LANCASTER AVENUE
ARDMORE,PA19003 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

BLACK PEARL CHAMBER ORCHESTRA INC

30 SOUTH 15TH STREET
PHILADELPHIA,PA19102 		  PC GENERAL OPERATING SUPPORT 5,000

BLACKSTAR PROJECTS INC

1901 SOUTH 9TH STREET
PHILADELPHIA,PA19148 		  PC GENERAL OPERATING SUPPORT 20,000

CAMBODIAN ASSOCIATION OF GREATER

5412 N 5TH STREET
PHILADELPHIA,PA19120 		  PC GENERAL OPERATING SUPPORT 20,000

CEIBA INC

174 DIAMOND STREET
PHILADELPHIA,PA19122 		  PC GENERAL OPERATING SUPPORT 30,000

CEIBA INC

174 DIAMOND STREET
PHILADELPHIA,PA19122 		  PC LATINO EQUITABLE DEVELOPMENT COLL. 10,000

CHILDREN FIRST (FORMERLY PCCY)

990 SPRING GARDEN STREET
PHILADELPHIA,PA19123 		  PC LIFT EVERY VOICE & SING 30,000

CHILDREN FIRST (FORMERLY PCCY)

990 SPRING GARDEN STREET
PHILADELPHIA,PA19123 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

COALITION OF AFRICAN COMMUNITIES

6328 PASCHAL AVENUE
PHILADELPHIA,PA19142 		  PC GENERAL OPERATING SUPPORT 35,000

COALITION OF AFRICAN COMMUNITIES

6328 PASCHAL AVENUE
PHILADELPHIA,PA19142 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

COLLECTIVE CLIMB

5541 FLORENCE AVENUE
PHILADELPHIA,PA19143 		  PC GENERAL OPERATING SUPPORT 10,000

COLLECTIVE CLIMB

5541 FLORENCE AVENUE
PHILADELPHIA,PA19143 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

CULTURETRUST OF GREATER PHILA

1315 WALNUT STREET
PHILADELPHIA,PA19107 		  PC WARRIOR WRITERS 15,000

CULTURETRUST OF GREATER PHILA

1315 WALNUT STREET
PHILADELPHIA,PA19107 		  PC OLNEY CULTURE LAB 10,000

CULTURETRUST OF GREATER PHILA

1315 WALNUT STREET
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 16,000

CULTURETRUST OF GREATER PHILA

1315 WALNUT STREET
PHILADELPHIA,PA19107 		  PC PRESENTE MEDIA 20,000

CULTURETRUST OF GREATER PHILA

1315 WALNUT STREET
PHILADELPHIA,PA19107 		  PC CARIBBEAN COMMUNITY IN PHILA. 10,000

CULTURETRUST OF GREATER PHILA

1315 WALNUT STREET
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 16,000

EDUCATION LAW CENTER - PA

1800 JFK BOULEVARD
PHILADELPHIA,PA19103 		  PC GENERAL OPERATING SUPPORT 25,000

ESPERANZA IMMIGRATION LEGAL

4261 NORTH 5TH STREET
PHILADELPHIA,PA19140 		  PC GENERAL OPERATING SUPPORT 15,000

ESPERANZA IMMIGRATION LEGAL

4261 NORTH 5TH STREET
PHILADELPHIA,PA19140 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

FIRST STEP STAFFING INC

236 AUBURN AVENUE NE
ATLANTA,GA30303 		  PC FSS PHILLY 30,000

GENDER JUSTICE FUND

1501 CHERRY STREET
PHILADELPHIA,PA19102 		  PC TRANS RESILENCE FUND 50,000

GIRLS ROCK PHILLY

1428 GERMANTOWN AVENUE
PHILADELPHIA,PA19122 		  PC GENERAL OPERATING SUPPORT 20,000

GIRLS ROCK PHILLY

1428 GERMANTOWN AVENUE
PHILADELPHIA,PA19122 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

HIAS AND COUNCIL MIGRATION

600 CHESTNUT STREET
PHILADELPHIA,PA19106 		  PC GENERAL OPERATING SUPPORT 75,000

INDOCHINESE-AMERICAN COUNCIL

4936 OLD YORK ROAD
PHILADELPHIA,PA19141 		  PC GENERAL OPERATING SUPPORT 20,000

INTERCULTURAL JOURNEYS INC

701 S 50TH STREET
PHILADELPHIA,PA19143 		  PC GENERAL OPERATING SUPPORT 10,000

INTERCULTURAL JOURNEYS INC

701 S 50TH STREET
PHILADELPHIA,PA19143 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

JUNTOS

600 WASHINGTON AVENUE
PHILADELPHIA,PA19147 		  PC GENERAL OPERATING SUPPORT 30,000

JUNTOS

600 WASHINGTON AVENUE
PHILADELPHIA,PA19147 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

JUSTICE AT WORK

990 SPRING GARDEN STREET
PHILADELPHIA,PA19123 		  PC GENERAL OPERATING SUPPORT 30,000

KULU MELE AFRICAN DANCE AND DRUM

6417 N 13TH STREET
PHILADELPHIA,PA19126 		  PC GENERAL OPERATING SUPPORT 20,000

KULU MELE AFRICAN DANCE AND DRUM

6417 N 13TH STREET
PHILADELPHIA,PA19126 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

KYL DANCERS INC

1316 SOUTH 9TH STREET
PHILADELPHIA,PA19147 		  PC GENERAL OPERATING SUPPORT 10,000

KYL DANCERS INC

1316 SOUTH 9TH STREET
PHILADELPHIA,PA19147 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

LA PUERTA ABIERTA INC

PO BOX 534
NARBERTH,PA19072 		  PC GENERAL OPERATING SUPPORT 25,000

LA PUERTA ABIERTA INC

PO BOX 534
NARBERTH,PA19072 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

LENFEST INSTITUTE FOR JOURNALISM

1835 MARKET STREET
PHILADELPHIA,PA19103 		  PC GENEROCITY TRANSITION 20,000

LENFEST INSTITUTE FOR JOURNALISM

1835 MARKET STREET
PHILADELPHIA,PA19103 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

MOVEMENT ALLIANCE PROJECT

924 CHERRY STREET
PHILADELPHIA,PA19107 		  PC CAPACITY BUILDING 100,000

MOVEMENT ALLIANCE PROJECT

924 CHERRY STREET
PHILADELPHIA,PA19107 		  PC GENERAL OPERATING SUPPORT 30,000

MOVEMENT ALLIANCE PROJECT

924 CHERRY STREET
PHILADELPHIA,PA19107 		  PC YASP 25,000

MOVEMENT ALLIANCE PROJECT

924 CHERRY STREET
PHILADELPHIA,PA19107 		  PC THE ORGANIZING CENTER 30,000

MOVEMENT ALLIANCE PROJECT

924 CHERRY STREET
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

MOVEMENT ALLIANCE PROJECT

924 CHERRY STREET
PHILADELPHIA,PA19107 		  PC MOVEMENT OF IMMIGRANT LEADERS 25,000

MOVEMENT ALLIANCE PROJECT

924 CHERRY STREET
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

NATIONAL DOMESTIC WORKERS ALLIANCE

45 BROADWAY
NEW YORK,NY10006 		  PC PDWA 30,000

NATIONAL DOMESTIC WORKERS ALLIANCE

45 BROADWAY
NEW YORK,NY10006 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

NATIONAL KOREAN AMERICAN SERVICE &
EDUCATION CONSORTIUM
43000 N CALIFORNIA AVE
CHICAGO,IL60618 		  PC WOORI CENTER 15,000

NATIONAL KOREAN AMERICAN SERVICE &
EDUCATION CONSORTIUM
43000 N CALIFORNIA AVE
CHICAGO,IL60618 		  PC WOORI CENTER 8,000

NATIONALITIES SERVICE CENTER

1216 ARCH STREET
PHILADELPHIA,PA19107 		  PC GENERAL OPERATING SUPPORT 75,000

NEW SANCTUARY MOVEMENT OF PHILA

2601 POTTER STREET
PHILADELPHIA,PA19125 		  PC COMMUNITY FUND FOR BOND & LEGAL SUPP 10,000

NEW SANCTUARY MOVEMENT OF PHILA

2601 POTTER STREET
PHILADELPHIA,PA19125 		  PC GENERAL OPERATING SUPPORT 30,000

NEW SANCTUARY MOVEMENT OF PHILA

2601 POTTER STREET
PHILADELPHIA,PA19125 		  PC PHILA. AREA IMMIGRANT COLL ACTION FD 10,000

NEW SANCTUARY MOVEMENT OF PHILA

2601 POTTER STREET
PHILADELPHIA,PA19125 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

NORRIS SQUARE COMMUNITY ALLIANCE

174 DIAMOND STREET
PHILADELPHIA,PA19122 		  PC NEIGHBORHOOD PLANNING PROCESS 20,000

NORRIS SQUARE COMMUNITY ALLIANCE

174 DIAMOND STREET
PHILADELPHIA,PA19122 		  PC RITMO LAB LA GUAGUA 47 10,000

NORRIS SQUARE COMMUNITY ALLIANCE

174 DIAMOND STREET
PHILADELPHIA,PA19122 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

OPEN COLLECTIVE FOUNDATION

440 N BARRANCA AVENUE
COVINA,CA91723 		  PC THE WOMANIST WORKING COLLECTIVE 25,000

OPEN COLLECTIVE FOUNDATION

440 N BARRANCA AVENUE
COVINA,CA91723 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

PENNSYLVANIA IMMIGRATION AND

2100 ARCH STREET
PHILADELPHIA,PA19103 		  PC GENERAL OPERATING SUPPORT 40,000

PENNSYLVANIA IMMIGRATION AND

2100 ARCH STREET
PHILADELPHIA,PA19103 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

PENNSYLVANIA VOICE

123 SOUTH BROAD STREET
PHILADELPHIA,PA19109 		  PC GENERAL OPERATING SUPPORT 75,000

PHILA AREA PROJECT ON OCCUPATIONAL
SAFETY & HEALTH
3001 WALNUT STREET
5TH FLOOR
PHILADELPHIA,PA19104 		  PC GENERAL OPERATING SUPPORT 10,000

PHILA AREA PROJECT ON OCCUPATIONAL
SAFETY & HEALTH
3001 WALNUT STREET
5TH FLOOR
PHILADELPHIA,PA19104 		  PC LEADERSHIP DEVELOPMENT & WELLNES 8,000

PHILADELPHIA AREA COOPERATIVE

1315 WALNUT STREET
PHILADELPHIA,PA19107 		  PC GENERAL OPERATING SUPPORT 25,000

PHILADELPHIA AREA COOPERATIVE

1315 WALNUT STREET
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT & WELLNES 8,000

PHILADELPHIA ASSOCIATION OF BLACK

30 S 15TH STREET
PHILADELPHIA,PA19102 		  PC GENERAL OPERATING SUPPORT 15,000

PHILADELPHIA ASSOCIATION OF BLACK

30 S 15TH STREET
PHILADELPHIA,PA19102 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

PHILADELPHIA CHINATOWN DEVELOPMENT

301 N 9TH STREET
PHILADELPHIA,PA19107 		  PC GENERAL OPERATING SUPPORT 20,000

PHILADELPHIA FOLKLORE PROJECT

735 S 50TH STREET
PHILADELPHIA,PA19143 		  PC GENERAL OPERATING SUPPORT 20,000

PHILADELPHIA FOLKLORE PROJECT

735 S 50TH STREET
PHILADELPHIA,PA19143 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

PHILADELPHIA HOUSING DEVELOPMENT

1234 MARKET STREET
PHILADELPHIA,PA19107 		  PC PHLHOUSING+ 100,000

PHILADELPHIA LAWYERS FOR SOCIAL

230 S BROAD STREET
PHILADELPHIA,PA19102 		  PC GENERAL OPERATING SUPPORT 15,000

PHILADELPHIA YOUNG PLAYWRIGHTS

1219 VINE STREET
PHILADELPHIA,PA19107 		  PC GENERAL OPERATING SUPPORT 20,000

PHILADELPHIANS ORGANIZED TO WITNESS
EMPOWER AND REBUILD
1429 N 11TH STREET
PHILADELPHIA,PA19122 		  PC GENERAL OPERATING SUPPORT 30,000

PHILLIPS BLACK PROJECT

1721 BROADWAY
OAKLAND,CA94612 		  PC GENERAL OPERATING SUPPORT 25,000

PHILLIPS BLACK PROJECT

1721 BROADWAY
OAKLAND,CA94612 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

PUBLIC INTEREST LAW CENTER

1500 JFK BLVD
PHILADELPHIA,PA19102 		  PC GENERAL OPERATING SUPPORT 25,000

PUENTES DE SALUD

1700 SOUTH STREET
PHILADELPHIA,PA19146 		  PC GENERAL OPERATING SUPPORT 20,000

RESOLVE PHILADELPHIA INC

699 RANSTEAD STREET
PHILADELPHIA,PA19106 		  PC SHAKE THE TABLE 20,000

ROC UNITED INC

275 7TH AVENUE
NEW YORK,NY10001 		  PC ROC PA 15,000

ROC UNITED INC

275 7TH AVENUE
NEW YORK,NY10001 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

SCRIBE VIDEO CENTER

3908 LANCASTER AVENUE
PHILADELPHIA,PA19104 		  PC GENERAL OPERATING SUPPORT 20,000

SENIORLAW CENTER

1650 ARCH STREET
PHILADELPHIA,PA19103 		  PC GENERAL OPERATING SUPPORT 15,000

SOUTHEAST ASIAN MUTUAL ASSISTANCE

1711 SOUTH BROAD STREET
PHILADELPHIA,PA19148 		  PC GENERAL OPERATING SUPPORT 30,000

SPIRAL Q PUPPET THEATER INC

4100 HAVERFORD AVENUE
PHILADELPHIA,PA19104 		  PC GENERAL OPERATING SUPPORT 20,000

SPIRAL Q PUPPET THEATER INC

4100 HAVERFORD AVENUE
PHILADELPHIA,PA19104 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

TALLER PR

2721 N 5TH STREET
PHILADELPHIA,PA19133 		  PC GENERAL OPERATING SUPPORT 25,000

TWELVE GATES ARTS

106 N 2ND STREET
PHILADELPHIA,PA19102 		  PC GENERAL OPERATING SUPPORT 10,000

TWELVE GATES ARTS

106 N 2ND STREET
PHILADELPHIA,PA19102 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

URBAN AFFAIRS COALITION

1650 ARCH STREET
PHILADELPHIA,PA19103 		  PC ONE'S UP 15,000

URBAN AFFAIRS COALITION

1650 ARCH STREET
PHILADELPHIA,PA19103 		  PC VIETLEAD 30,000

URBAN TREE CONNECTION

1445 N 52ND STREET
PHILADELPHIA,PA19131 		  PC GENERAL OPERATING SUPPORT 30,000

URBAN TREE CONNECTION

1445 N 52ND STREET
PHILADELPHIA,PA19131 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

WELCOMING CENTER FOR NEW

211 N 13TH STREET
PHILADELPHIA,PA19107 		  PC GENERAL OPERATING SUPPORT 30,000

WELCOMING CENTER FOR NEW

211 N 13TH STREET
PHILADELPHIA,PA19107 		  PC IMMIGRANT LEADERSHIP INSTITUTE FUND 10,000

YOUTH EMPOWERMENT FOR ADVANCEMENT

5928 LOCUST STREET
PHILADELPHIA,PA19139 		  PC GENERAL OPERATING SUPPORT 30,000

YOUTH SENTENCING & REENTRY PROJECT

1528 WALNUT STREET
PHILADELPHIA,PA19102 		  PC GENERAL OPERATING SUPPORT 30,000

YOUTH UNITED FOR CHANGE

520 N COLUMBUS BLVD
PHILADELPHIA,PA19123 		  PC GENERAL OPERATING SUPPORT 15,000
Total .................................right arrow 3a 2,314,000
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 97,854  
4 Dividends and interest from securities ....     14 1,044,661  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 477,909  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aDE-CARCERATION FUND LP 		    18 -8,499  
bRFIA     18 107,797  
cROAR FOR GOOD 900099 -18,234      
dSHIFT NEIGHBORHOOD FUND     18 -39,334  
e
12 Subtotal. Add columns (b), (d), and (e) .. -18,234 1,680,388  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,662,154
(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.)
1A THE FUND'S REVENUE IS GENERATED FROM INCOME EARNED ON ITS INVESTMENT PORTFOLIO, SALES OF INVESTMENTS AND UNREALIZED GAINS ON ITS INVESTMENTS. THE FUND USES THE FUNDS DERIVED FROM THIS INCOME TO PROVIDE GRANTS TO SUPPORT SERVICES, ADVOCACY AND ACTIVITIES THAT MOVE TOWARDS A MORE SOCIALLY, RACIALLY, AND ECONOMICALLY JUST SOCIETY.
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

TY 2022 AccountingFeesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 16,413 821   15,592
AUDIT EXPENSES 42,029 2,101   39,928

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

TY 2022 DepreciationSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
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
ART 1988-01-01 720   STRAIGHT LINE          
ART 1989-01-01 135   STRAIGHT LINE          
ART (PRINT BY R HOLMAN) 2005-06-08 300   STRAIGHT LINE          
PURCHASE OF 1PRINT (LETICIA NIXON) 2008-06-19 350   STRAIGHT LINE          
2ADOBESTANDARD9.0UPGRADEROBIN&TIM 2009-06-24 650   STRAIGHT LINE 5.0000        
SCANNERJET5590 2009-06-24 359   STRAIGHT LINE 5.0000        
NEWCOUNTERTOPS 2009-10-30 925   STRAIGHT LINE 7.0000        
3 NEW COMPUTER HARD DRIVES, MS OFFICE 2007 2010-04-27 3,264   STRAIGHT LINE 5.0000        
OFFICE EQUIPMENT 2011-03-01 433   STRAIGHT LINE 5.0000        
ONLINE BACK-UP COMPUTER 2011-03-30 750   STRAIGHT LINE 5.0000        
CHAIRS-UPHOLSTER 2011-07-14 2,994   STRAIGHT LINE 7.0000        
TABLE FOR NEW OFFICE LOBBY 2012-04-17 225   STRAIGHT LINE 7.0000        
VACUUM 2012-05-01 432   STRAIGHT LINE 5.0000        
COMPUTER - WIRING FOR NEW OFFICE SPACE 2012-06-14 1,485   STRAIGHT LINE 7.0000        
REFRIG, 2 TABLES, 3 PHONES NEW OFFICE SPACE 2012-08-07 2,159   STRAIGHT LINE 7.0000        
CABINETS AND SHELVES NEW OFFICE SPACE 2012-08-23 775   STRAIGHT LINE 7.0000        
CELL PHONE - TM 2012-12-01 375   STRAIGHT LINE 5.0000        
NEW CHAIR - HC OFFICE 2014-03-04 950 23 STRAIGHT LINE 7.0000        
NEW LAP TOP COMPUTER 2015-06-08 945   STRAIGHT LINE 5.0000        
DELL OFFICE COMPUTER 2015-11-20 4,375   STRAIGHT LINE 5.0000        
LOGITECH CANVAS IPAD AIR 2 - BLACK - PARI H. 2015-12-11 922   STRAIGHT LINE 5.0000        
NETGEAR GS116, ENGENIUS EAP600 WIRELESS 2015-12-21 1,346   STRAIGHT LINE 5.0000        
DELL SMALL BUSINESS 2015-12-21 1,361   STRAIGHT LINE 5.0000        
QUILL - 2 FILE CABINETS 2016-01-26 510 8 STRAIGHT LINE 5.0000        
D. WICE - IPAD 2016-11-28 755 138 STRAIGHT LINE 5.0000        
CONFERENCE ROOM BUFFET 2017-01-24 3,338 477 STRAIGHT LINE 7.0000 477      
DESKS AND FILE CABINETS 2017-03-15 2,052 293 STRAIGHT LINE 7.0000 293      
TM NEW LAPTOP AND ACCESSORIES 2018-10-15 1,366 273 STRAIGHT LINE 5.0000 273      
PROJECT & CONFERENCE ROOM LAPTOP 2018-10-15 764 153 STRAIGHT LINE 5.0000 153      
LAPTOP AND ACCESSORIES 2019-04-15 819 164 STRAIGHT LINE 5.0000 164      
FURNITURE 2019-09-06 601 86 STRAIGHT LINE 7.0000 86      
SR LAPTOP AND ACCESSORIES 2019-09-06 1,165 233 STRAIGHT LINE 5.0000 233      
FURNITURE 2019-10-01 860 123 STRAIGHT LINE 7.0000 123      
APPLE (SMH NEW TABLET) (12.2.19) 2019-12-02 1,436 287 STRAIGHT LINE 5.0000 287      
MISCROSOFT (MC TABLET) (1.6.2020) 2020-01-30 976 195 STRAIGHT LINE 5.0000 195      
DELL LAPTOP FOR MLC (986.23) 2020-12-10 1,045 209 STRAIGHT LINE 5.0000 209      
DELL LAPTOP FOR SMH 2020-12-10 1,278 256 STRAIGHT LINE 5.0000 256      
DELL NEW LAPTOP PURCHASE FOR TM 2021-12-03 1,373 23 STRAIGHT LINE 5.0000 275      
DELL NEW LAPTOP PURCHASE FOR SR 2022-07-10 1,775   STRAIGHT LINE 5.0000 148      
SMART TV 2022-10-21 3,820   STRAIGHT LINE 5.0000 127      
DELL NEW LAPTOP 2022-12-03 1,300   STRAIGHT LINE 5.0000 21      

TY 2022 InvestmentsOtherSchedule2
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUND FMV 42,465,254 42,465,254
COMMUNITY INVESTMENTS FMV 165,000 165,000

TY 2022 LandEtcSchedule2
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURE & FIXTURES 51,463 37,350 14,113 14,113


TY 2022 LegalFeesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 5,609 280   5,329


TY 2022 OtherAssetsSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID INSURANCE 1,312 1,227 1,227
SECURITY DEPOSIT 6,869 6,869 6,869
EXCISE TAX RECEIVABLE 5,536 35,117 35,117
RIGHT OF USE ASSET   202,338 202,338
DEFERRED EXCISE TAX   16,883 16,883


TY 2022 OtherDecreasesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENT 8,431,795


TY 2022 OtherExpensesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
BANK CHARGES 909 45   864
DUES & SUBSCRIPTIONS 9,285 464   8,821
OFFICE 37,591 1,880   35,711


TY 2022 OtherIncomeSchedule2
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
DE-CARCERATION FUND LP -8,499 -8,499  
RFIA 107,797 107,797  
ROAR FOR GOOD -18,234    
SHIFT NEIGHBORHOOD FUND -39,334 -39,334  


TY 2022 OtherIncreasesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Amount
FEDERAL EXCISE TAX PROVISION 98,924


TY 2022 OtherLiabilitiesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Beginning of Year - Book Value End of Year - Book Value
POST EMPLOYEE BENEFITS 46,009 36,641
DEFERRED EXCISE TAXES 108,642  
LEASE LIABILITY   202,338


TY 2022 OtherProfessionalFeesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADIVSORY FEES 157,961 157,961    
OTHER FUND FEES 2,415 2,415    
COMPUTER CONSULTANT 8,949 447   8,502