TY 2022 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
Schmitz Family Foundation CO Annie McBournie

% ANNIE MCBOURNIE

Number and street (or P.O. box number if mail is not delivered to street address)3260 S Monroe Street
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Denver, CO80210

A Employer identification number

84-1548781

B Telephone number (see instructions)

(303) 257-5419

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$52,901,970J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)	0
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	666,662		666,662	0
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-98,964
b	Gross sales price for all assets on line 6a 8,376,458
7	Capital gain net income (from Part IV, line 2)...			0
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).......	List of Attached Documents: // Content	1,135,967	1,569,849
12	Total. Add lines 1 through 11........	1,703,665		2,236,511	0
13	Compensation of officers, directors, trustees, etc.	70,000		70,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	1,554	777	0	0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,500	750	0	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	25,000	12,500
17	Interest...............	2,955		2,955
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	348,343	5,432
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	36,841	36,841
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	486,193		129,255	0	0
25	Contributions, gifts, grants paid.......	1,807,750				1,807,750
26	Total expenses and disbursements. Add lines 24 and 25	2,293,943		129,255	0	1,807,750
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-590,278
b	Net investment income (if negative, enter -0-)			2,107,256
c	Adjusted net income (if negative, enter -0-)...				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	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.............	33,520	119,489	119,489
	2	Savings and temporary cash investments.........
	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)
	b	Investments—corporate stock (attach schedule).......
	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)..........	52,816,027	List of Attached Documents: // Content 52,782,481	52,782,481
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	52,849,547	52,901,970	52,901,970
	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 )	List of Attached Documents: // Content -17,173
	23	Total liabilities (add lines 17 through 22).........	-17,173	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	52,866,720	52,901,970
	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........
	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).....	52,866,720	52,901,970
	30	Total liabilities and net assets/fund balances (see instructions).	52,849,547	52,901,970

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

52,866,720

Enter amount from Part I, line 27a .....................

-590,278

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

625,528

Add lines 1, 2, and 3 ..........................

52,901,970

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

52,901,970

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	BEAR CREEK ASSET MGT #030015 ST COVERED	2022-01-04	2022-12-31
b	BEAR CREEK ASSET MGT #030015 LT COVERED	2021-01-01	2022-12-31
c	BEAR CREEK ASSET MGT #030015 ST NONCOVERED	2022-01-04	2022-12-31
d	BEAR CREEK ASSET MGT #030015 LT NONCOVERED	2021-01-01	2022-12-31
e	UBS #06253 ST NONCOVERED	2023-01-04	2022-12-31
	UBS #06253 LT NONCOVERED	2021-01-01	2022-12-31
	UBS #05231 ST NONCOVERED	2022-01-04	2022-12-31
	UBS #05231 LT NONCOVERED	2021-01-01	2022-12-31
	UBS #03471 ST NONCOVERED	2022-01-04	2022-12-31
	UBS #03471 LT NONCOVERED	2021-01-01	2022-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,175,000	1,173,617	2,666
b	1,085,134	1,119,499	-34,365
c	1,314,750	1,400,818	-85,635
d	797,305	792,821	4,484
e	158,726	171,467	-12,741
	346,139	415,329	-69,190
	21,916	25,877	-3,961
	674,709	937,361	-262,452
	779,835	777,644	2,191
	2,022,944	1,662,905	360,039

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			1,383
b			-34,365
c			-86,068
d			4,484
e			-12,741
			-69,190
			-3,961
			-262,652
			2,191
			360,039

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	-98,964
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

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	29,291
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	29,291
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	29,291
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	101,394
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	101,394
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	72,103
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax72,103	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2022)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

ANNIE MCBOURNIE Telephone no. right arrow

(303) 257-5419

Located at right arrow

3260 S MONROE STREETDENVERCO ZIP+4 right arrow

80210

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2022)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
ANNIE MCBOURNIE	PRESIDENT 10.0	70,000
3260 S MONROE STREET DENVER,CO80210	PRESIDENT 10.0	70,000
JULIE BUNSNESS	VICE PRESIDENT 1.0	0
4207 MONTVIEW BLVD DENVER,CO80207	VICE PRESIDENT 1.0	0
PAT JOB	SECRETARY 1.0	0
5151 MONTVIEW BLVD DENVER,CO80207	SECRETARY 1.0	0
RICHARD SCHMITZ	VICE PRESIDENT 1.0	0
5505 SOUTH STEELE ST GREENWOOD VILLAGE,CO80121	VICE PRESIDENT 1.0	0

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










Total number of other employees paid over $50,000...................

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

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


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 arrow

Form 990-PF (2022)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

16,196,666

Average of monthly cash balances.......................

1,718,861

Fair market value of all other assets (see instructions)................

35,601,712

Total (add lines 1a, b, and c).........................

53,517,239

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

53,517,239

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

802,759

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

52,714,480

Minimum investment return. Enter 5% (0.05) of line 5................

2,635,724

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.)

Minimum investment return from Part IX, line 6..................

2,635,724

Tax on investment income for 2022 from Part V, line 5.......

29,291

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

29,291

Distributable amount before adjustments. Subtract line 2c from line 1............

2,606,433

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

2,606,433

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

2,606,433

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,807,750

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,807,750

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					2,606,433
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......				1,061,180
b Total for prior years:2020, 2019, 2018			478,326
3 Excess distributions carryover, if any, to 2022:
a From 2017......
b From 2018......
c From 2019......
d From 2020......
e From 2021......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2022 from Part
XI, line 4: $ 1,807,750
a Applied to 2021, but not more than line 2a				1,061,180
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.....					746,570
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 ..........			478,326
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 ...........			478,326
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 ..........					1,859,863
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 ......		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....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ACE Scholarships PO BOX 300129 Denver,CO80218		PF	To provide children of low-income families with scholarships to private schools in grades K-12.	1,648,000
FADICA 1875 K St NEW Ste 400 Washington,DC20006		PF	Foundations and Donors Interested in Catholic Activities (FADICA) connects philanthropists through a membership community to ensure lasting impact in support of a vital Church and human flourishing. FADICA spiritually enriches the Catholic philanthropic community, both individually and collectively.	8,750
St Vincent De Paul Society 2830 Lawrence St Denver,CO80205		PF	A network of friends, inspired by Gospel values, growing in holiness and building a more just world through personal relationships with and service to people in need.	0
Seeds of Hope 1300 South Steet St Denver,CO80210		PF	To cultivate minds and hearts for Christ by striving to make a transformative Catholic education available.	7,000
Arupe Jesuit High School 4343 Utica St Denver,CO80212		PF	To serve economically disadvantaged students from inner-city neighborhoods, by enhancing the human experience through Gospel values.	0
Learning Ally 20 Rozel Road Princeton,NJ08540		PF	A leading nonprofit education solutions organization that transforms the lives of early and struggling learners through proven solutions	10,000
FOCUS 603 Park Point Dr Golden,CO80401		PF	We're a campus outreach that pursues college students with intentionality and love. We invite them into a growing relationship with Jesus and the Catholic faith, inspiring and equipping them for a lifetime of Christ-centered evangelization, discipleship and friendships in which they lead others to do the same.	0
Bishop Machebeuf High School 458 Unita Way Denver,CO80230		PF	Philanthropy Roundtable pursues a mission to foster excellence in philanthropy, protect philanthropic freedom and help donors advance liberty, opportunity and personal responsibility	125,000
Philanthropy Roundtable Membership Fee 1120 20th St Nw Ste 550 Washington,DC20036		PF	Philanthropy Roundtable pursues a mission to foster excellence in philanthropy, protect philanthropic freedom and help donors advance liberty, opportunity and personal responsibility.	0
Fire Foundation 40 W Littleton Blvd Suite 210-283 Littleton,CO80120			Fosters aculture of acceptanceandcompassionthat allows all students to grow together infaith, friendship,andknowledge	3,000
Hope Haven 2417 N Perry Park Rd Sedalia,CO80135			Transforming Rwandan families through a holistic approach to education and discipleship, actively demonstrating the love, hope, and truth of Jesus Christ.	6,000
Total ................................. 3a				1,807,750

bApproved for future payment

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

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	(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 ....			14	666,662
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 .....			14	1,135,967
8 Gain or (loss) from sales of assets other than inventory ............			18	-98,964
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) ..				1,703,665

13Total. Add line 12, columns (b), (d), and (e)..................

1,703,665

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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.)

Form 990-PF (2022)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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.

Form 990-PF (2022)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2022 AccountingFeesSchedule

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	1,500	750

- TIN:

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

TY 2022 DepreciationSchedule

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

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

- TIN:

TY 2022 InvestmentsOtherSchedule2

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AURORA CROSSROADS LLC	AT COST	573,045	573,045
AXCENT GREENHOUSE FUND I LLC	AT COST	162,944	162,944
BEAR CREEK CONFLUENCE PARTNERS	AT COST	0	0
BEAR CREEK PRODUCTS 2018-5	AT COST	0	0
BEAR CREEK PROD 2019-1 PTA-L	AT COST	0	0
BEAR CREEK PRO 2019-3 TOPEKA	AT COST	0	0
BOW RIVER CAPITAL 2011-TE	AT COST	2,616	2,616
BOW RIVE RCAPITAL 207-QP	AT COST	651,092	651,092
BTA OIL PRODUCERS	AT COST	636,191	636,191
BUFFFBREAKER	AT COST	0	0
HOUSTON LENDER VERANDA	AT COST	0	0
MERITAGE III	AT COST	8,392	8,392
LEGACY VENTURE II	AT COST	0	0
LEX III ENERGY PARTNERS LP	AT COST	270,354	270,354
LONGFORD CAPITAL FUND	AT COST	282,176	282,176
MIMG CXIII WOODHOLLOW	AT COST	615,355	615,355
MIMG L WAKE ROBIN	AT COST	477,433	477,433
MIMG LII ARBORS AT EASTLAND	AT COST	662,267	662,267
MIMG LIV TOPEKA 5	AT COST	312,850	312,850
MIMG LVI RETREAT AT WALNUT CRE	AT COST	947,412	947,412
MIMG LX CEDAR TRACE	AT COST	491,364	491,364
MIMG LXII WOODMAN PARK	AT COST	543,621	543,621
MIMG LXIV MI6 MASTER	AT COST	791,717	791,717
MIMG LXIX COUNTRY CLUB VILLAS	AT COST	231,736	231,736
MIMG XC VILLAGES AT SYMMES	AT COST	582,983	582,983
MIMG XCV BRONCO CLUB	AT COST	319,927	319,927
MIMG XCVI HUNTERS MASTER	AT COST	481,194	481,194
MIMG XL HARBOR POINTE	AT COST	669,248	669,248
MIMG XLI COUNTRY ESTATES	AT COST	254,765	254,765
MIMG XLIV WALNUT CREEK	AT COST	1,317,086	1,317,086
MIMG XLIX KANSAS 8	AT COST	328,568	328,568
MIMG XLV TOWN AND COUNTRY	AT COST	316,024	316,024
MIMG XXXVIII STONE GROVE	AT COST	799,510	799,510
PARKER AP	AT COST	1,000	1,000
SPABS	AT COST	480,702	480,702
TWINLEAF PARTNERS	AT COST	0	0
VERDEAM ALTERNATIVE INCOME FUN	AT COST	0	0
WESTSIDE HILLSBORO HAMPTON	AT COST	340,000	340,000
CAZ PEO II	AT COST	0	0
BEAR CREEK WAREHOUSE	AT COST	0	0
THE VALLEY FUND	AT COST	460,835	460,835
PERSHING INVESTMENTS	AT COST	0	0
NO NAME INVESTORS	AT COST	0	0
NATURES ALTERNATIVE FUND	AT COST	500,000	500,000
UBS INVESTMENTS	AT COST	9,119,912	9,119,912
LEX IV ENERGY PARTNERS LP	AT COST	0	0
COMPARK NORTH	AT COST	194,781	194,781
CAZ CREDIT OPPORTUNITY	AT COST	37,907	37,907
CAZ MEDICAL ROYALTY FUND II	AT COST	792,759	792,759
BOW RIVER CAPITAL REAL ESTATE	AT COST	154,288	154,288
WSIP BLUE VISTA	AT COST	0	0
WSIP CREEKSIDE	AT COST	160,254	160,254
WSIP GATEWAY NORTH	AT COST	1,000,000	1,000,000
WSIP WARDH	AT COST	400,000	400,000
WSIP HILLSBORO EMBASSY	AT COST	660,000	660,000
WSIP THORTON 140	AT COST	1,000,000	1,000,000
WSIP TUCSON OFFICE	AT COST	750,000	750,000
BEAR CREEK OTHER FIXED INCOME	AT COST	0	0
BEAR CREEK FIXED INCOME OTHER	AT COST	0	0
BEAR CREEK ACCRUED INCOME	AT COST	0	0
LEGACY VENTURE XI	AT COST	39,534	39,534
LEGACY VENTURES VIII	AT COST	3,754,430	3,754,430
CAZ PEO III	AT COST	0	0
LIQUID INCOME FUND	AT COST	0	0
FOURTHSTONE	AT COST	1,963,421	1,963,421
ALCOVA	AT COST	626,661	626,661
DLP CAP PARTNERS	AT COST	1,000,000	1,000,000
IBEX	AT COST	317,874	317,874
WESTSIDE COLORADO SPRINGS	AT COST	493,500	493,500
DAWSON TRAILS I LLC		750,000	750,000
BOW RIVER SOFTWARE EQUITY		37,891	37,891
CAZ GP OWNERSHIP		6,191,540	6,191,540
DPI FC TE		333,333	333,333
CAZ LIQUID INCOME FUND		4,765	4,765
PENDING TRANSACTIONS		43,357	43,357
SCOUT ENERFY PARTNERS VI		383,166	383,166
BEAR CREEK SECURITES	AT COST	8,060,701	8,060,701

- TIN:

TY 2022 LegalFeesSchedule

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	1,554	777

- TIN:

TY 2022 OtherExpensesSchedule

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

Description	Revenue and Expenses per Books	Net Investment Income
BANK FEES	36,234	36,234
PAYROLL PROCESSING FEES	601	601
OTHER EXPENSES	6	6

- TIN:

TY 2022 OtherIncomeSchedule2

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

Description	Revenue And Expenses Per Books	Net Investment Income
Aurora Cross Roads LLC		23,950
Axcent Greenhouse Fund I LLC		-13,440
BC Hangar Investors LLC		37,223
BC Schoolhouse Investors LLC		101,753
Bear Creek Confluence Partners LLLP		162,705
Bear Creek Products 2018-1 CNI		7
Bear Creek Products 2019-3 Topeka LLLP		69,601
Bear Creek Warehouse LLC		35,662
Bow River Capital 2011-TE Fund LP		652
Bow River Capital 2017-QP Fund LP		220,244
Bow River Capital Software Growth Equity		-3,163
BTA Oil Producers LLC		159,172
Buffbraker LLC		70,576
CAZ Credit Opportunity LP		30,426
CAZ Co-Investment Opp Fund - MCP Port		0
CAZ Medical Royalty Fund III LP		21,059
CAZ Private Equity Ownership Fund II LP		0
CAZ Private Equity Ownership Fund III LP		0
CAZ Diversified Private Investments		-6,039
Compark North LLC		104,630
Energy Transfer LP		-4,751
Scout Energy VI-B, LP		869
Gateway North LLC		-136
WDW Hillsboro Hotel I Investment LLC		-414,459
Houston Lender LLC		22,833
IBEX Partners (Core) LP		-9,866
IBEX Partners (Core) II LP		-4
Iron Gate Meritage III LLC		-136
Legacy Venture VIII LLC		40,536
Legacy Venture XI LLC		-3,493
Longford Capital Fund II LP		-20,640
MIMG CXCII Kansas 8 Master LLC		2,438
MIMG CXII Woodhollow LLC		3,526
MIMG L Wake Robin LLC		2,417
MIMG II Arbors at Eastland LLC		695
MIMG LIV Grays Lake LLC		798
MIMG LVI Retreat at Walnut Creek LLC		412
MIMG LX Cedar Trace LLC		3,000
MIMG LXIV MI6 Master LLC		6,851
MIMG LXIX Country Club Villas LLC		479
MIMG LXIX Woodman Park LLC		4,755
MIMG XC Villages at Symmes LLC		944
MIMG XCV Bronco Club LLC		459
MIMG XCVI Hunters Master LLC		3,205
MIMG XL Harbor Pointe LLC		0
MIMG XLI Country Estates LLC		1,123
MIMG XLIV Walnut Creek LLC		13,934
MIMG XLV Town and Country LLC		78
MIMG XXXVIII Stone Grove LLC		0
NAF Investors II LLC		0
NAF Investors LLC		0
No Name Investors LLC		9,928
Parker AP LLC		0
SPABS LLC		18,755
The Valley Fund LP		-772
Thornton 140 LLC		210
Tucson Office LLC		-76,011
Wardih LLC		0
Westside CC LLC		0
Verdeam Alternative Income Fund		-2,835
Lex Energy Partners LP III		520,149
Lex Energy Partners LP IV		479,250
AG Energy Partners II Offshore Holdings		0
Ares High Income Credit Opp Fund II LP		193,520
Bow River Capital Real Estate Fund III		0
WDW Hillsboro Hotel II Investment		-233,393
Dawson Trails I LLC		-6,193
Westside Colorado Springs LLC		-3,644
Partnership Distributions	656,517
Other Income (Loss)	479,450

- TIN:

TY 2022 OtherIncreasesSchedule

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

Description	Amount
UNREALIZED GAIN	625,528

- TIN:

TY 2022 OtherLiabilitiesSchedule

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

Description	Beginning of Year - Book Value	End of Year - Book Value
PAYROLL TAXES DUE TO IRS	-17,173

- TIN:

TY 2022 OtherProfessionalFeesSchedule

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PROFESSIONAL FEES	25,000	12,500

- TIN:

TY 2022 TaxesSchedule

Name:

Schmitz Family Foundation CO Annie McBournie

EIN:

84-1548781

Category	Amount	Net Investment Income
STATE INCOME TAX	141,979
PAYROLL TAX	5,741	5,424
FEDERAL TAX	200,615
FOREIGN TAXES	8	8