TY 2021 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	104,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	4,802	4,632	4,802
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		82,625
b	Gross sales price for all assets on line 6a 194,731
7	Capital gain net income (from Part IV, line 2)...		97,776
8	Net short-term capital gain.........			75
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).......		4,113	0	4,113
12	Total. Add lines 1 through 11........	195,540	102,408	8,990
	13	Compensation of officers, directors, trustees, etc.	0	0	0	0
14	Other employee salaries and wages......	6,854	0	377	6,477
15	Pension plans, employee benefits.......	3,111	0	171	2,940
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		9,456	0	523	8,933
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		710	0	442	268
19	Depreciation (attach schedule) and depletion...		20,641	0	1,135
20	Occupancy..............	8,548	0	470	8,078
21	Travel, conferences, and meetings.......	643	0	0	643
22	Printing and publications..........
23	Other expenses (attach schedule).......		81,028	959	105	79,964
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	130,991	959	3,223	107,303
25	Contributions, gifts, grants paid.......	0			0
26	Total expenses and disbursements. Add lines 24 and 25	130,991	959	3,223	107,303
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	64,549
b	Net investment income (if negative, enter -0-)		101,449
c	Adjusted net income (if negative, enter -0-)...			5,767

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	1,145	4,028	4,028
	2	Savings and temporary cash investments.........	33,845	6,516	6,516
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	41,993	30,320	28,678
	b	Investments—corporate stock (attach schedule).......	74,310	107,989	147,346
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	0	102,943	98,669
	14	Land, buildings, and equipment: basis 968,645
		Less: accumulated depreciation (attach schedule) 330,405	655,031	638,240	638,240
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	806,324	890,036	923,477
	17	Accounts payable and accrued expenses..........		65
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	65
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	806,324	889,971
	29	Total net assets or fund balances (see instructions).....	806,324	889,971
	30	Total liabilities and net assets/fund balances (see instructions).	806,324	890,036

(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	69.637 AMERICAN BALANCED FD INC		2021-06-03	2021-08-20
b	30.088 AMERICAN FDS GLOBAL BALANCED		2021-06-03	2021-08-20
c	51.125 AMERICAN FDS STRATEGIC BD FD		2021-06-03	2021-08-20
d	74.448 BOND FD AMER INC		2021-06-03	2021-08-20
e	9.032 CAPITAL WORLD GROWTH & INCM		2021-06-03	2021-08-20
	19.198 INCOME FD AMER INC		2021-06-03	2021-08-20
	11.211 NEW PERSPECTIVE FD INC		2021-06-03	2021-08-20
	5.459 SMALLCAP WORLD FD INC		2021-06-03	2021-08-20
	9.045 WASHINGTON MUT INVS FD INC		2021-06-03	2021-08-20
	1,810.000 ENTERPRISE PRODUCTS PARTNERS		2003-05-01	2021-06-03
	738.000 ONEOK INC		2017-07-03	2021-06-03
	800.000 PUBLIC SERVICE ENTERPRISE GROUP INC		2003-05-05	2021-06-03
	2,334.414 THORNBURG LIMITED TERM MUNICIPAL FUND CL I		2008-06-25	2021-06-03
	9.621 THORNBURG LIMITED TERM MUNICIPAL FUND CL I		2008-08-04	2021-06-03
	9.680 THORNBURG LIMITED TERM MUNICIPAL FUND CL I		2008-09-03	2021-06-03
	10.287 THORNBURG LIMITED TERM MUNICIPAL FUND CL I		2008-10-02	2021-06-03
	10.322 THORNBURG LIMITED TERM MUNICIPAL FUND CL I		2008-11-04	2021-06-03
	10.439 THORNBURG LIMITED TERM MUNICIPAL FUND CL I		2008-12-02	2021-06-03
	10.351 THORNBURG LIMITED TERM MUNICIPAL FUND CL I		2009-01-05	2021-06-03
	686.813 THORNBURG LIMITED TERM MUNICIPAL FUND CL I		2014-11-11	2021-06-03
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,305	2,281	24
b	1,190	1,185	5
c	591	580	11
d	1,011	1,000	11
e	584	587	-3
	498	503	-5
	757	727	30
	492	482	10
	516	524	-8
	43,677		43,677
	40,103	31,390	8,713
	49,410	15,704	33,706
	34,082	31,187	2,895
	140	129	11
	141	131	10
	150	136	14
	151	135	16
	152	137	15
	151	137	14
	10,027	10,000	27
	8,603		8,603

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			24
b			5
c			11
d			11
e			-3
			-5
			30
			10
			-8
			43,677
			8,713
			33,706
			2,895
			11
			10
			14
			16
			15
			14
			27
			8,603

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	97,776
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 ...................		3	75

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	1,410
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	1,410
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	225
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	225
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,185
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax	Refunded	11

(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
JACOB HASSLACHER	PRESIDENT 40.00	0	0	0
85353 TURNER LANE JOSEPH,OR97846
KAPPY STRAHAN	SECRETARY 4.00	0	0	0
85353 TURNER LANE JOSEPH,OR97846
RICHARD JACOBY	TREASURER 1.00	0	0	0
85353 TURNER LANE JOSEPH,OR97846
DEAN ADAMS	DIRECTOR 2.00	0	0	0
85353 TURNER LANE JOSEPH,OR97846
JOSH DEWEESE	DIRECTOR 2.00	0	0	0
85353 TURNER LANE JOSEPH,OR97846
THOMAS ORR	DIRECTOR 2.00	0	0	0
85353 TURNER LANE JOSEPH,OR97846
TED ADLER	DIRECTOR 2.00	0	0	0
85353 TURNER LANE JOSEPH,OR97846
CHRIS ANTEMANN	DIRECTOR 20.00	0	0	0
85353 TURNER LANE JOSEPH,OR97846
CANDICE GROOT	DIRECTOR 2.00	0	0	0
85353 TURNER LANE JOSEPH,OR97846

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	LH PROJECT PROVIDES RESIDENCIES FOR CERAMIC ARTISTS TO EXPLORE AND CONTINUE DEVELOPING THEIR WORK. RESIDENTS HAVE A MASTERS DEGREE OR THE EQUIVALENT IN THE FIELD OF CERAMICS. IN RETURN RESIDENTS CONTRIBUTE TO THE OPERATION OF LH PROJECT IN VARIOUS WAYS, INCLUDING INTERACTING WITH THE PUBLIC IN THE COMMUNITY. RESIDENTS ALSO GIVE A PIECE OF THEIR WORK TO THE PERMANENT COLLECTION.	107,303
2


3


4

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

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......
b From 2017......
c From 2018......
d From 2019......
e From 2020......
f Total of lines 3a through e ........
4Qualifying distributions for 2021 from Part
XI, line 4: $ 107,303
a Applied to 2020, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2021 distributable amount.....					0
e Remaining amount distributed out of corpus		107,303
5 Excess distributions carryover applied to 2021.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		107,303
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					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) .......		0
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		107,303
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....	107,303

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total
	5,767	8,749	8,261	2,349	25,126
b 85% (0.85) of line 2a .........	4,902	7,437	7,022	1,997	21,357
c Qualifying distributions from Part XI, line 4 for each year listed .....	107,303	71,984	51,947	73,098	304,332
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	107,303	71,984	51,947	73,098	304,332
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	9,893	8,793	8,995	8,303	35,984
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

JACOB HASSLACHER

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:

Line No.	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.)
11A	RESIDENTS OF LH PROJECT ARE GRATEFUL FOR THE OPPORTUNITY TO PARTICIPATE IN THE VALUABLE EDUCATION PROGRAM. IF THEY LATER SHOW AT CERAMICS EVENTS, THEY MAY VOLUNTARILY SHARE PART OF ANY OF THEIR SALES WITH LH PROJECT.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			14	82,625
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aENTERPRISE PRODUCTS PARTNERS - UBI		2,575
bOTHER			01	1,538
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		2,575		88,965	0

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization LH PROJECT

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	JACOB HASSLACHER AND CHRISTINA ANTE 85353 TURNER LANE JOSEPH, OR97846	$ 104,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2021)


(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...................				0

bApproved for future payment

Total ................................. 3b				0

Name of organization LH PROJECT		Employer identification number 27-0035391

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2021)


Name of organization LH PROJECT			Employer identification number 27-0035391
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.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALPAHBET INC CLASS C CAPITAL STOCK 15 SH	10,975	41,895
ECOLAB INC. / ENTERPRISE PRODUCTS	10,724	17,656
STARBUCKS CORP	12,036	18,194
WASHINGTON MUT INVS FD - 532.786 SHARES	30,848	31,440
CAPITAL WORLD GROWTH & INCM - 334.072 SHARES	21,651	19,560
NEW PERSPECTIVE FD INC - 161.929 SHARES	10,497	9,638
SMALLCAP WORLD FD INC - 128.932 SHARES	11,258	8,963

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AMERICAN BALANCED FD INC - 1563.409 UNITS	AT COST	51,206	50,013
AMERICAN FDS GLOBAL BALANCED - 775.093 UNITS	AT COST	30,502	28,113
INCOME FD AMER INC - 811.970 UNITS	AT COST	21,235	20,543

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK FEES	1,918	959	105	854
REPAIRS AND MAINTENANCE	7,572	0	0	7,572
MATERIALS AND SUPPLIES	26,586	0	0	26,586
FACILITY EXPENSE	15,996	0	0	15,996
FACILITIES MANAGEMENT	18,342	0	0	18,342
MISC EXPENSES	464	0	0	464
FREIGHT AND SHIPPING	3,087	0	0	3,087
DUES AND SUBSCRIPTIONS	130	0	0	130
RESIDENT STIPEND	6,933	0	0	6,933

Description	Amount
BOOK/TAX DIFFERENCE IN REALIZED GAIN	15,151
UNREALIZED GAIN	3,947

Category	Amount	Adjusted Net Income	Disbursements for Charitable Purposes
ANNUAL REPORT FEE	50	0	50
OREGON TAX ON UBI	163	163	0
FEDERAL TAX ON UBI	279	279	0
OREGON DEPT OF AGRICULTURE FEES	218	0	218

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