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
Pacific Youth Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)302 Arizona Ave 32
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Santa Monica, CA90401
A Employer identification number

80-0162835
B Telephone number (see instructions)

(310) 774-0057
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$42,228,071
J 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 5 5  
4 Dividends and interest from securities... 71,757 71,757  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -614,621
b Gross sales price for all assets on line 6a 11,366,595
7 Capital gain net income (from Part IV, line 2)...  
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)....... 500,660 500,660  
12 Total. Add lines 1 through 11........ -42,199 572,422  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 735,533     735,533
14 Other employee salaries and wages...... 20,309     20,309
15 Pension plans, employee benefits....... 12,294     12,294
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 28,141     28,141
c Other professional fees (attach schedule).... 112,088 95,876   16,213
17 Interest............... 57,697 57,697    
18 Taxes (attach schedule) (see instructions)... -48,494     25,462
19 Depreciation (attach schedule) and depletion... 854    
20 Occupancy.............. 37,480      
21 Travel, conferences, and meetings....... 163,819     163,819
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 55,122     55,122
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,174,843 153,573   1,056,893
25 Contributions, gifts, grants paid....... 1,141,675 1,036,812
26 Total expenses and disbursements. Add lines 24 and 25 2,316,518 153,573   2,093,705
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,358,717
b Net investment income (if negative, enter -0-) 418,849
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............. 158,893 44,335 44,335
2 Savings and temporary cash investments......... 415,012 695,779 695,779
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..........   97,091 97,091
10a Investments—U.S. and state government obligations (attach schedule)   4,464,583 4,464,583
b Investments—corporate stock (attach schedule)....... 1,690,997 1,052,414 1,052,414
c Investments—corporate bonds (attach schedule)....... 3,366,549    
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).......... 41,430,091 35,868,373 35,868,373
14 Land, buildings, and equipment: basis right arrow3,133
Less: accumulated depreciation (attach schedule) right arrow613 241 Click to see attachment
List of Attached Documents:
// Content
2,520
2,520
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,104
Click to see attachment
List of Attached Documents:
// Content
2,976
Click to see attachment
List of Attached Documents:
// Content
2,976
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 47,063,887 42,228,071 42,228,071
Liabilities 17 Accounts payable and accrued expenses.......... 93,703 5,772
18 Grants payable................. 884,312 989,175
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
134,623
Click to see attachment
List of Attached Documents:
// Content
54,763
23 Total liabilities (add lines 17 through 22)......... 1,112,638 1,049,710
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........... 45,951,249 41,178,361
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)..... 45,951,249 41,178,361
30 Total liabilities and net assets/fund balances (see instructions). 47,063,887 42,228,071
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
45,951,249
2
Enter amount from Part I, line 27a .....................
2
-2,358,717
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,296,553
4
Add lines 1, 2, and 3 ..........................
4
46,889,085
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
5,710,724
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
41,178,361
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 37,150 JPMorgan Ultra Short P 2022-01-26 2022-09-23
b 108,779.842 Schwab US Aggregate Bond Index P 2022-12-31 2022-01-26
c 6,100 SPDR Short Term P 2022-01-26 2022-02-11
d 39,900 SPDR SSGA Ultra Short P 2022-01-26 2022-06-28
e 50,000 US TREASURY P 2022-06-28 2022-10-17
24,711.048 Vanguard Total Intl Stock Index P 2021-12-31 2022-12-01
32,200 Vanguard Ultra Short P 2022-01-26 2022-09-23
1950.10 Vanguard 500 Index P 2021-12-03 2022-12-01
5500 IShares Core US P 2020-12-03 2022-01-04
154,596 Schwab US Aggregate Bond P 2020-05-05 2022-01-26
5,665.66 Vanguard Total Intl Stock Index P 2021-04-06 2022-10-19
782.39 Vanguard 500 Index Admiral P 2021-04-06 2022-11-10
Ang Diversified Income Passthrough K-1 P 2022-12-01 2022-12-31
Ang Global Equity Opport Passthrough K-1 P 2022-12-01 2022-12-31
Angeles Private Market Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Market II Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Market III Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Market IV Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Credit Fund Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Credit II Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Market V Passthrough K-1 P 2022-12-01 2022-12-31
Ang Diversified Income Passthrough K-1 P 2022-12-01 2022-12-31
Ang Global Equity Opport Passthrough K-1 P 2022-12-01 2022-12-31
Angeles Absolute Return Fund passthrough P 2022-12-01 2022-12-31
Angeles Private Market Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Market II Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Market III Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Market IV Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Credit Fund Passthrough K-1 P 2022-12-01 2022-12-31
Ang Private Credit II Passthrough K-1 P 2022-12-01 2022-12-31
Harbourvest Fund Passthrough K-1 P 2022-12-01 2022-12-31
Lone Star Real Estate Passthough K-1 P 2022-12-01 2022-12-31
Paref V Secondaries Feeder LP Passthough P 2022-12-01 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 1,863,401   1,866,000 -2,599
b 1,103,028   1,158,214 -55,186
c 186,080   187,880 -1,800
d 1,589,181   1,599,171 -9,990
e 49,802   49,528 274
605,929   719,191 -113,262
1,580,054   1,594,654 -14,600
732,600   772,170 -39,570
623,097   648,450 -25,353
1,569,348   1,646,034 -76,686
149,735   187,889 -38,154
281,646   309,867 -28,221
    27,996 -27,996
    1,139,808 -1,139,808
534     534
977     977
8,278     8,278
2     2
2,923     2,923
    591 -591
1,903     1,903
    44,946 -44,946
31,502     31,502
487,725     487,725
39,350     39,350
359,333     359,333
19,494     19,494
    353 -353
772     772
    1,775 -1,775
69,806     69,806
    26,699 -26,699
10,095     10,095
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       -2,599
b       -55,186
c       -1,800
d       -9,990
e       274
      -113,262
      -14,600
      -39,570
      -25,353
      -76,686
      -38,154
      -28,221
      -27,996
      -1,139,808
      534
      977
      8,278
      2
      2,923
      -591
      1,903
      -44,946
      31,502
      487,725
      39,350
      359,333
      19,494
      -353
      772
      -1,775
      69,806
      -26,699
      10,095
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 -614,621
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 5,822
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 5,822
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 5,822
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 100,000
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.............. 7 100,000
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 82
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 94,096
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow94,096 Refundedright arrow 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
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 arrowwww.pyfoundation.org
14
The books are in care ofright arrowPacific Youth Foundation Telephone no.right arrow (310) 774-0057

Located atright arrow302 Arizona Ave 32Santa MonicaCA ZIP+4right arrow90401
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
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ALLAN YOUNG Managing Dir
40.00
179,489 24,462 2,676
302 Arizona Ave 32
Santa Monica,CA90401
JAMES JIM SHEPARD Trustee
1.00
178,419 17,842  
302 Arizona Ave 32
Santa Monica,CA90401
EVAN MCELROY Treasurer/TTEE
1.00
70,225    
302 Arizona Ave 32
Santa Monica,CA90401
AARON YOUNG Dir of Grant
40.00
210,124 50,327 1,969
302 ARIZONA AVE 32
SANTA MONICA,CA90401
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
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 PACIFIC YOUTH FOUNDATION (PYF) STAFF DIRECTLY ASSISTSORGANIZATIONS IN AREAS OF FUNDRAISING, MARKETING,TECHNOLOGY AND BOARD DEVELOPMENT. THERE ARE TEN (10)ORGANIZATIONS THAT BENEFITED FROM THE PACIFIC YOUTHFOUNDATION (PYF) STAFF IN 2022:1. CLUB DE NINOS Y NINAS DE MEXICO INC.2. WORLD FEDERATION OF YOUTH CLUBS 3. BOYS & GIRLS CLUB OF HAWAII4. BOYS & GIRLS CLUBS OF SAN MARCOS5. BOYS & GIRLS CLUB OF SANTA MONICA6. BOYS & GIRLS CLUB OF WHITTIER7. BOYS & GIRLS CLUB SAN FERNANDO VALLEY8. BOYS & GIRLS CLUB OF SANTA CRUZ9. BOYS & GIRLS CLUBS OF SANTA CLARITA VALLEY10.BOYS & GIRLS CLUBS OF TIJUANA 53,847
2 THE PACIFIC YOUTH FOUNDATION (PYF) HOSTED TWO (2) LEADERS IN TRAINING (LIT) CONFERENCES THIS YEAR TO CONVENE THE GROUP FOR EDUCATION ON BEST PRACTICES ON THE IMPLEMENTATION OF PROGRAMS AND GENERAL SUPPORT FOR THE ORGANIZATION. SPECIFICALLY IN THE AREAS OF FUNDRAISING, MARKETING, TECHNOLOGY AND BOARD DEVELOPMENT. IN 2022 THERE WERE SIX(6) ACTIVE ORGANIZATIONS AND APPROXIMATELY 25 PARTICIPANTS IN THE CONFERENCES. THE PARTICIPANTS COME FROM THE FOLLOWING ORGANIZATIONS WHO ARE INVOLVED IN THE LEADERS IN TRAINING PROGRAM AND RECEIVE FUNDING ASSISTANCE FROM PYF:1. BOYS & GIRLS CLUB OF CATHEDRAL CITY2. BOYS & GIRLS CLUB OF FONTANA3. BOYS & GIRLS CLUB OF HAWAII4. BOYS & GIRLS CLUB OF SAN MARCOS5. BOYS & GIRLS CLUBS OF SANTA CLARITA6. BOYS & GIRLS CLUB OF WHITTIER 68,804
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)
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
43,757,051
b
Average of monthly cash balances.......................
1b
59,476
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
43,816,527
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
43,816,527
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
657,248
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
43,159,279
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,157,964
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
2,157,964
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,822
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,822
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,152,142
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,152,142
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
2,152,142
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
2,093,705
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
2,093,705
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 2,152,142
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...... 1,263,694
b From 2018...... 1,463,377
c From 2019...... 1,681,431
d From 2020...... 931,870
e From 2021......  
f Total of lines 3a through e ........ 5,340,372
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 2,093,705
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)........
0
d Applied to 2022 distributable amount..... 2,093,705
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2022. 58,437 58,437
(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 5,281,935
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) ...
1,205,257
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ......
4,076,678
10 Analysis of line 9:
a Excess from 2018.... 1,463,377
b Excess from 2019.... 1,681,431
c Excess from 2020.... 931,870
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed .....
         
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)
         
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed ..
         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) ....
         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)....
         
(3) Largest amount of support
from an exempt organization
         
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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:
ALLAN C YOUNG
302 Arizona Ave 32
Santa Monica,CA90401
(310) 774-0057
bThe form in which applications should be submitted and information and materials they should include:
LETTER FORM, COMPLETE NARRATIVE DESCRIPTIONS
cAny submission deadlines:
THE DEADLINES FOR 2022 ARE: 01/31/23; 04/30/23; 09/30/23
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOLLOWING QUESTIONS ARE CONSIDERED: 1. HAS THE ORGANIZATION'S CHIEFPROFESSIONAL OFFICER BEEN IN THEIR CURRENT ROLE FOR MORE THAN 2 YEARS? 2.WAS THE ORGANIZATION'S LAST REQUEST DATE MORE THAN 12 MONTHS AGO? 3. IFFUNDED, WAS THE ORGANIZATION'S LAST AWARDED DATE MORE THAN 24 MONTHS AGO?4. DOES THE ORGANIZATION RECEIVE LESS THAN 15% OF ITS OPERATING BUDGET INFEES CHARGED TO YOUTH? IN ADDITION, IT REQUESTED THAT THE ORGANIZATIONSINCLUDE A COPY OF ITS MOST RECENT IRS 501 (C)(3) DESIGNATION LETTER, 990,AND AUDIT.
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
MCKINLEY ELEMENTARY SCHOOL PTA


2401 SANTA MONICA BLVD
SANTA MONICA,CA90404
N/A PC Jog-a-Thon Fundraiser 5,000
BOYS GIRLS CLUBS OF CATHEDRAL CITY


321414 WHISPERING PALMS TRAIL
CATHEDRAL CITY,CA92234
N/A PC LEADERS IN TRAINING 42,800
BOYS GIRLS CLUB OF HAWAII


1000 BISHOP ST SUITE 505
HONOLULU,HI96813
N/A PC Scholarship Fund 10,000
BOYS GIRLS CLUB OF HAWAII


1000 BISHOP STREET SUITE 505
HONOLULU,HI96813
N/A PC General Support 10,000
BOYS GIRLS CLUB OF LA HABRA


1211 FAHRINGER WAY
LA HABRA,CA90631
N/A PC S.T.E.A.M. Program 35,000
BOYS GIRLS CLUB OF SANTA CRUZ COUNT


543 CENTER ST
SANTA CRUZ,CA95060
N/A PC Watershed Rangers 5,000
SOCIAL EMOTIONAL WELLNESS INITIATIV


3415 S SEPULVEDA BLVD SUITE 1100
LOS ANGELES,CA90034
N/A PC PROGRAM SUPPORT 260,000
BOYS GIRLS CLUB OF WHITTIER


7905 S GREENLEAF AVE
WHITTIER,CA90602
N/A PC RESOURCE DEVELOPMENT CONSULTANT 202,962
BOYS GIRLS CLUB OF WHITTIER


7905 S GREENLEAF AVE
WHITTIER,CA90602
N/A PC ADVANCEMENT COORDINATOR 149,350
BOYS GIRLS CLUB OF HAWAII


1000 BISHOP ST SUITE 505
HONOLULU,HI96813
N/A PC General Support 5,000
BOYS GIRLS CLUB OF WHITTIER


7905 S GREENLEAF AVE
WHITTIER,CA90602
N/A PC LEADERS IN TRAINING 38,800
WORLD FEDERATION OF YOUTH CLUBS


PO BOX 1507
CHARLOTTESVILLE,VA22902
N/A PC General Support 5,000
WORLD FEDERATION OF YOUTH CLUBS


PO BOX 1507
CHARLOTTESVILLE,VA22902
NA PC Operating Funds 25,000
WORLD FEDERATION OF YOUTH CLUBS


PO BOX 1507
CHARLOTTESVILLE,VA22902
N/A PC 2022 Increasing Access & Building Community 25,000
BOYS GIRLS CLUB OF SPOKANE COUNTY


544 E PROVIDENCE AVE
SPOKANE,WA99207
N/A PC Safety, Quality & Capacity Assurance 27,500
BOYS GIRLS CLUB OF FONTANA


PO BOX 3712
FONTANA,CA92334
N/A PC LEADERS IN TRAINING 42,800
BOYS GIRLS CLUB - SANTA CLARITA VAL


24909 NEWHALL AVE
SANTA CLARITA,CA91321
N/A PC LEADERS IN TRAINING 36,800
BOYS GIRLS CLUB OF SAN MARCOS


1 POSITIVE PLACE
SAN MARCOS,CA92069
N/A PC LEADERS IN TRAINING 40,000
BOYS GIRLS CLUB OF HAWAII


1000 BISHOP STREET STE 505
HONOLULU,HI96813
N/A PC LEADERS IN TRAINING 70,800
Total .................................right arrow 3a 1,036,812
bApproved for future payment
BOYS GIRLS CLUB OF CATHEDRAL CITY

32141 WHISPERING PALMS TRAIL
CATHEDRAL CITY,CA92234
N/A PC Leaders in Training 45,000
BOYS GIRLS CLUB OF FONTANA

PO BOX 3712
FONTANA,CA92334
N/A PC Leaders in Training 45,000
BOYS GIRLS CLUB OF SAN MARCOS

1 POSITIVE PLACE
SAN MARCOS,CA92069
N/A PC Leaders in Training 42,000
BOYS GIRLS CLUB - SANTA CLARITA VAL

24909 NEWHALL AVE
SANTA CLARITA,CA91321
N/A PC Leaders in Training 40,000
BOYS GIRLS CLUB OF HAWAII

1000 BISHOP ST SUITE 505
HONOLULU,HI96813
N/A PC Leaders in Training 80,000
BOYS GIRLS CLUB OF THE REDWOODS

3117 PROSPECT AVE
EUREKA,CA95503
N/A PC Teen Court Program 25,000
BOYS GIRLS CLUB OF WHITTIER

7905 S GREENLEAD AVE
WHITTIER,CA90602
N/A PC Resource Development Consultant 40,800
BOYS GIRLS CLUB OF WHITTIER

7905 S GREENLEAF AVE
WHITTIER,CA90602
N/A PC Advancement Coordinator 155,000
BOYS GIRLS CLUB OF WHITTIER

7905 S GREENLEAF AVE
WHITTIER,CA90602
N/A PC Resource Development Consultant 211,375
SOCIAL EMOTIONAL WELLNESS INITIATIV

3415 S SEPULVEDA BLVD SUITE 1100
LOS ANGELES,CA90034
N/A PC SEWI PROGRAM SUPPORT 270,000
BOYS GIRLS CLUB OF HAWAII

1000 BISHOP ST SUITE 505
HONOLULU,HI96813
N/A PC Clubhouse building Program 10,000
BOYS GIRLS CLUB OF THE NORTH VALLEY

601 WALL STREET
CHICO,CA95928
N/A PC Direct Services and Phoenix Club 25,000
Total ................................. right arrow 3b 989,175
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 5  
4 Dividends and interest from securities ....     14 71,757  
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 -614,621  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME/LOSS ON INVESTMENTS
900099 -116,475 14 -159,668  
bPartnership Dividends/Interest 900099   14 776,803  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -116,475 74,276  
13Total. Add line 12, columns (b), (d), and (e)..................
13
-42,199
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow
PTIN
Firm's name SmallBullet
Firm's EIN SmallBullet
Firm's address SmallBullet


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


Software ID: 22015553
Software Version: 2022v5.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
Pacific Youth Foundation
EIN:
80-0162835
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 28,141 0 0 28,141

TY 2022 LandEtcSchedule2
Name:
Pacific Youth Foundation
EIN:
80-0162835
Software ID:
22015553
Software Version:
2022v5.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 3,133 613 2,520 2,520


TY 2022 OtherAssetsSchedule
Name:
Pacific Youth Foundation
EIN:
80-0162835
Software ID:
22015553
Software Version:
2022v5.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSITS 2,104 2,976 2,976


TY 2022 OtherExpensesSchedule
Name:
Pacific Youth Foundation
EIN:
80-0162835
Software ID:
22015553
Software Version:
2022v5.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 1,653     1,653
Donations 1,100     1,100
DUES AND MEMBERSHIP 1,169     1,169
INSURANCE 6,125     6,125
Office Expenses 41,879     41,879
Sponsored Event 1,656     1,656
WORKERS COMP INSURANCE 1,540     1,540


TY 2022 OtherIncomeSchedule2
Name:
Pacific Youth Foundation
EIN:
80-0162835
Software ID:
22015553
Software Version:
2022v5.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME/LOSS ON INVESTMENTS -276,143    
Partnership Dividends/Interest 776,803    


TY 2022 OtherProfessionalFeesSchedule
Name:
Pacific Youth Foundation
EIN:
80-0162835
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 95,875 95,876 0 0
OTHER PROFESSIONAL FEES 13,740 0 0 13,740
PAYROLL FEES 2,473 0 0 2,473


TY 2022 TaxesSchedule
Name:
Pacific Youth Foundation
EIN:
80-0162835
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CA RCT Filing Fees 200     200
Excise Tax Expense 73,956      
PAYROLL TAXES 25,262     25,262