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 02-01-2022 , and ending 01-31-2023
Name of foundation
PINETOPS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2900 NW CLEARWATER DRIVE 200-76
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BEND, OR97703
A Employer identification number

46-0477322
B Telephone number (see instructions)

(206) 775-8844
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$41,655,489J 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) 1,182,727
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 610,081 651,060  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -69,033
b Gross sales price for all assets on line 6a 2,470,106
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)....... Click to see attachment
List of Attached Documents:
// Content
13,122 -219,319  
12 Total. Add lines 1 through 11........ 1,736,897 431,741  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,000 0   75,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
71,242 0   71,242
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,610 4,653   13,958
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
105,859 75,068   30,791
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
9,404 12,233   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 51,735 0   51,735
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
37,005 1,396   -6,512
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 368,855 93,350   236,214
25 Contributions, gifts, grants paid....... 2,892,000 2,892,000
26 Total expenses and disbursements. Add lines 24 and 25 3,260,855 93,350   3,128,214
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,523,958
b Net investment income (if negative, enter -0-) 338,391
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 810,256 1,042,730 1,042,730
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 37,511,890 Click to see attachment
List of Attached Documents:
// Content
32,836,280 		32,836,280
c Investments—corporate bonds (attach schedule)....... 1,934,147 Click to see attachment
List of Attached Documents:
// Content
1,609,824 		1,609,824
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).......... 5,707,819 Click to see attachment
List of Attached Documents:
// Content
5,855,870 		5,855,870
14 Land, buildings, and equipment: basis right arrow5,782
Less: accumulated depreciation (attach schedule) right arrow   5,782 Click to see attachment
List of Attached Documents:
// Content
5,782 		5,782
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
555,003 		Click to see attachment
List of Attached Documents:
// Content
305,003 		Click to see attachment
List of Attached Documents:
// Content
305,003
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 46,524,897 41,655,489 41,655,489
Liabilities 17 Accounts payable and accrued expenses.......... 36,976 79,097
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 36,976 79,097
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........... 46,237,076 41,325,547
25 Net assets with donor restrictions............ 250,845 250,845
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)..... 46,487,921 41,576,392
30 Total liabilities and net assets/fund balances (see instructions). 46,524,897 41,655,489
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
46,487,921
2
Enter amount from Part I, line 27a .....................
2
-1,523,958
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
44,963,963
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,387,571
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
41,576,392
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 PUBLICLY TRADED SECURITIES - CS #5668 P 2022-01-31 2023-01-31
b CAPITAL GAIN DISTRIBUTIONS - CS #5668 P 2023-02-01 2023-01-31
c LONG-TERM CAPITAL GAIN FROM PASSTHROUGHS P 2022-01-31 2023-01-31
d
e
(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 2,441,637   2,510,577 -68,940
b 338     338
c 28,131     28,131
d
e
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       -68,940
b       338
c       28,131
d
e
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 -40,471
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 4,704
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 4,704
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,704
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 14,850
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,850
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 0
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 10,146
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow10,146 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right 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.PINETOPS.ORG
14
The books are in care ofright arrowKATIE HEITZMAN Telephone no.right arrow (206) 775-8844

Located atright arrow2900 NW CLEARWATER DRIVE SUITE200-76BENDOR ZIP+4right arrow97703
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
JOSHUA CROSSMAN CEO/DIRECTOR
5.00 		15,000 0 0
2900 NW CLEARWATER DRIVE 200
BEND,OR97703
ROBERT BONNER CHAIRMAN/DIRECTOR
1.00 		15,000 0 0
2900 NW CLEARWATER DRIVE 200
BEND,OR97703
BEVERLY MCCORD SECRETARY/DIRECTOR
1.00 		15,000 0 0
2900 NW CLEARWATER DRIVE 200
BEND,OR97703
NICHOLAS BONNER VICE-PRESIDENT/DIRECTOR
1.00 		15,000 0 0
2900 NW CLEARWATER DRIVE 200
BEND,OR97703
MARK MCCORD DIRECTOR/CFO
1.00 		15,000 0 0
2900 NW CLEARWATER DRIVE 200
BEND,OR97703
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
EVERETT HARRIS & CO INVESTMENT MANAGEMENT 75,068
801 S FIGUEROA STREET SUITE 2050
LOS ANGELES,CA90017
ADLER & COLVIN LEGAL SERVICES 50,355
135 MAIN ST 20TH FLOOR
SAN FRANCISCO,CA94105
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
37,190,837
b
Average of monthly cash balances.......................
1b
1,415,708
c
Fair market value of all other assets (see instructions)................
1c
3,711,947
d
Total (add lines 1a, b, and c).........................
1d
42,318,492
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
42,318,492
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
634,777
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
41,683,715
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,084,186
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
2,084,186
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
4,704
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,704
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,079,482
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,079,482
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,079,482
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,128,214
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,128,214
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 2,079,482
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 201,578
b From 2018......  
c From 2019...... 701,292
d From 2020...... 401,044
e From 2021...... 904,010
f Total of lines 3a through e ........ 2,207,924
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 3,128,214
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 2,079,482
e Remaining amount distributed out of corpus 1,048,732
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 3,256,656
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		201,578
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		3,055,078
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019.... 451,292
c Excess from 2020.... 401,044
d Excess from 2021.... 904,010
e Excess from 2022.... 1,048,732
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AND INSTITUTE

1780 MADRONA ST NW
ATLANTA,GA30318 		N/A PC TO SUPPORT CONTINUING WORK ON THE WHOLE LIFE CAMPAIGN 60,000

ARAB VISION INCORPORATED

1265 E HEBRON PARKWAY
CARROLLTON,TX75010 		N/A PC FOR LIGHT OF THE WORLD SOCIAL MEDIA PROJECT 10,000

BIBLE TRAINING CENTER FOR PASTORS INC

3030 ROYAL BLVD SOUTH SUITE 125
ALPHARETTA,GA30022 		N/A PC FOR NEPALI TRANSLATION EDIT/UPDATE OF BTCP MANUALS 34,000

BLUEBIRD MINISTRIES

1311 SE BLUEBIRD DRIVE
GRANTS PASS,OR97526 		N/A PC FOR CHURCH ENRICHMENT 20,000

CALEB GLOBAL

PO BOX 493
THOMPSONS STATION,TN371790493 		N/A PC TO SUPPORT MISSIONARIES IN PALESTINE 5,000

CENTER FOR CHRISTIANITY AND PUBLIC LIFE

5730 CONNWORTH AVENUE 10417
BALTIMORE,MD212099998 		N/A PC TO SUPPORT MISSION OF CONTENDING FOR THE CREDIBILITY OF CHRISTIAN RESOURCES FOR THE PUBLIC GOOD 15,000

CHARITY GLOBAL

PO BOX 5026
HAGERSTOWN,MD21741 		N/A PC TO BRING CLEAN AND SAFE DRINKING WATER TO PEOPLE IN DEVELOPING COUNTRIES 100,000

CHINA AID ASSOCIATION

PO BOX 8513
MIDLAND,TX79708 		N/A PC TO SUPPORT THE UNDERGOUND CHURCH IN CHINA 20,000

COMMUNITY BRIDGES FOUNDATION

229 NE BEACON DRIVE
GRANTS PASS,OR97526 		N/A PC FOR RENT AND FURNISHINGS FOR THE COV PASTOR'S LIBRARY 10,000

CONNECTIONS HOMES INC

337 W PIKE STREET
LAWRENCEVILLE,GA30046 		N/A PC TO SUPPORT WORK ON EXPANSION IN DALLAS REGION AND MENTORING OF AT-RISK YOUTH WHO "GRADUATE" FROM FOSTER CARE 35,000

CROWN FINANCIAL MINISTRIES

8531 E WALKER SPRINGS LANE SUITE
403
KNOXVILLE,TN379233141 		N/A PC FOR CEF 2022 SPONSORSHIP 25,000

DAYBREAK CHURCH

6515 AMBROSIA LANE
CARLSBAD,CA92011 		N/A PC TO SUPPORT RELIGIOUS MISSION 5,000

DUKE UNIVERSITY

324 BLACKWELL STREET
DURHAM,NC27701 		N/A PC FOR STUDENT SUPPORT 75,000

EDIFY

5694 MISSION CENTER ROAD 602 SUITE
611
SAN DIEGO,CA92108 		N/A PC TO SUPPORT CHRISTIAN TRANSFORMATION AND TRAINING PROGRAMS IN UGANDA 120,000

EMBRACING GOD MINISTRIES

1385 FORDHAM DRIVE SUITE 105-327
VIRGINIA BEACH,VA23464 		N/A PC TO SUPPORT THE LAUNCH OF THE ISIK ABLA MINISTRY IN INDONESIA 50,000

FAMILY FREEDOM PROJECT

PO BOX 6747
LUBBOCK,TX79493 		N/A PC TO PROTECT PARENTAL RIGHTS TO RAISE AND EDUCATE THEIR CHILDREN 5,000

FOCUS ON THE FAMILY

8605 EXPLORER DRIVE
COLORADO SPRINGS,CO80920 		N/A PC FOR A 4D ULTRASOUND MACHINE FOR THE PREGNANCY RESOURCE CENTER 40,000

FRESH START CHURCHES

10412 KELOWNA VIEW
COLORADO SPRINGS,CO80908 		N/A PC TO HELP LAUNCH EFFORTS TO SUPPORT REPLANTING AND REVITALIZATION OF EXISTING CHURCHES 60,000

FULLER SEMINARY

135 N OAKLAND AVE
PASADENA,CA91182 		N/A PC TO SUPPORT NATIONAL CAMPAIGN TENX10 620,000

GOSPEL RESCUE MISSION OF GRANTS PASS

PO BOX 190
GRANTS PASS,OR97528 		N/A PC FOR SECURITY MEASURES AT WOMEN'S SHELTER 21,000

GRACE CITY CHURCH

PO BOX 1808
WENATCHEE,WA98807 		N/A PC FOR CHURCH SUPPORT 43,000

HEALING HANDS OF JOY

PO BOX 30431
CHARLOTTE,NC28208 		N/A PC TO SUPPORT REHAB AND REINTEGRATION OF WOMEN IN ETHIOPA 75,000

HOPE FOR SAN DIEGO

1831 S EL CAMINO REAL
ENCINITAS,CA92024 		N/A PC TO SERVE POOR AND MARINALIZED IN GREATER SAN DIEGO AREA 10,000

HORIZONS INTERNATIONAL

777 BROADWAY STREET
BOULDER,CO80302 		N/A PC TO SUPPORT EXAPNSION OF WORK IN ZAHLE, LEBANON 50,000

INTERNATIONAL JUSTICE MISSION

PO BOX 58147
WASHINGTON,DC20037 		N/A PC TO SUPPORT PROGRAMS PROTECTING POOR FROM VIOLENCE 3,000

INTERVARSITY CHRISTIAN FELLOWSHIP

635 SCIENCE DRIVE
MADISON,WI53711 		N/A PC TO ESTABLISH AND ADVANCE AT COLLEGES AND UNIVERSITIES WITNESSING COMMUNITIES OF STUDENTS AND FACULTY WHO FOLLOW JESUS AS SAVIOR AND LORD. 5,000

MASSACHUSETTS INSTITUTE OF TECHNOLOGY

77 MASSACHUSETTS AVENUE NE49-3142
CAMBRIDGE,MA021394307 		N/A PC TO SUPPORT VERITAS PROFESSORS INITIATIVE 50,000

MEHR REFORMED MINISTRIES

PO BOX 867254
PLANO,TX75086 		N/A PC FOR RADIO SHOW AND BIBLE TRAINING MATERIALS FOR FARSI SPEAKERS IN IRAN, AFGHANISTAN, TAJIKISTAN, AND USA 15,000

MISSION INDIA

PO BOX 141312
GRAND RAPIDS,MI49514 		N/A PC TO SUPPORT ONGOING MINISTRY WORK IN INDIA 100,000

MISSION TO NORTH AMERICA PCA

PO BOX 890233
CHARLOTTE,NC282890233 		N/A PC TO SUPPORT CHURCHES IN TEXAS 10,000

MISSION TO THE WORLD PCA

1600 NORTH BROWN ROAD
LAWRENCEVILLE,GA30043 		N/A PC TO SUPPORT MISSIONARY LEADERS IN THE MIDDLE EAST 5,000

MISSIONWORKS

1400 NE 126TH AVE SUITE 201
VANCOUVER,WA98684 		N/A PC FOR TRANING SHORT-TERM MISSIONAIRIES 15,000

NATIONAL CHRISTIAN FOUNDATION

11625 RAINWATER DRIVE SUITE 500
ALPHARETTA,GA30009 		N/A PC FOR FRIENDS OF INDIA FUND 250,000

NEW HORIZONS FOUNDATION

5550 TECH CENTER DRIVE SUITE 303
COLORADO SPRINGS,CO80919 		N/A PC FOR TRAINING INTERNATIONAL PREGNANCY CENTER DIRECTORS 10,000

PRAXIS INC

409 W 45TH STREET 3RD FLOOR
NEW YORK,NY10036 		N/A PC TO SUPPORT DEVELOPMENT ON ONGOING AWARDS TO PRAXIS NON-PROFIT FELLOWS 100,000

SAMARITAN AVIATION

4710 E FALCON DRIVE SUITE 215
MESA,AZ85215 		N/A PC TO SUPPORT MISSION, MEDICAL, AND AVIATION SERVICES TO PROMOTE THE BIBLE 5,000

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		N/A PC TO SUPPORT UKRAINE 20,000

SERVANT FOUNDATION (TALENTED FUND)

7171 W 95TH STREET SUITE 501
OVERLAND PARK,KS66212 		N/A PC TO HELP TALENTED EXPAND BIBLICAL THINKING 60,000

SINAPSIS GROUP INC

PO BOX 5414
WHEATON,IL60187 		N/A PC TO SUPPORT EXPANSION AND DEEPENING OF WORK IN EAST AFRICA TO DEVELOP FAITH-BASED ENTREPRENEURS 50,000

STANDING STONE MINISTRIES

PO BOX 11028
NEWPORT BEACH,CA92658 		N/A PC TO BUILD TRUSTED RELATIONSHIPS WITH CHRISTIAN LEADERS AND THEIR SPOUSES 20,000

STANFORD UNIVERSITY

485 BROADWAY MAIL CODE 8838
REDWOOD CITY,CA94063 		N/A PC TO SUPPORT A PROJECT MANAGER FOR RESEARCH AGENDA WITH SFUSD. 30,000

STARFISH PROJECT INC

1010 EISENHOWER DRIVE
GOSHEN,IN46526 		N/A PC FOR REHABILITATION, EDUCATION, AND CAREER TRAINING FOR FEMALE VICTIMS OF SEX TRAFFICKING IN BEIJING, CHINA 10,000

THE CENTER FOR THE STUDY OF NEW TESTAMENT MANUSCRIPTS

2001 WEST PLANO PARKWAY 2450
PLANO,TX75075 		N/A PC TO SUPPORT THE DIGITIZATION OF NEW TESTAMENT MANUSCRIPTS IN ENGLAND AND THE PURCHASE OF DIGITAL TRANSITIONS RAINBOW NARROWBAND MULTISPECIAL IMAGING SYSTEM 125,000

THE VERITAS FORUM INC

PO BOX 38087
CAMBRIDGE,MA02238 		N/A PC TO SUPPORT DEVELOPMENT OF VERITAS SCHOLARS INITIATIVE 300,000

TOWN NORTH PRESBYTERIAN CHURCH

1776 N PLANO RD
RICHARDSON,TX75081 		N/A PC TO SUPPORT MISSIONARY-PASTOR TO LEBANON 15,000

TRANSFORMING THE BAY WITH CHRIST

660 SACRAMENTO WAY
HOLLISTER,CA95023 		N/A PC DEVELOPMENT OF BAY AREA CHURCH MAPPING SOFTWARE 131,000

WYCLIFFE BIBLE TRANSLATORS INC

PO BOX 628200
ORLANDO,FL32862 		N/A PC FOR BIBLE TRANSLATION EFFORTS 55,000
Total .................................right arrow 3a 2,892,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 610,081  
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 -69,033  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPRI INTEREST INCOME 		        13,122
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 541,048 13,122
13Total. Add line 12, columns (b), (d), and (e)..................
13
554,170
(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.)
11A INTEREST RELATED TO A PROGRAM-RELATED LOAN TO A 501(C)(3) ENTITY
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

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

46-0477322
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
PINETOPS FOUNDATION
  		Employer identification number
46-0477322
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CLARK J BONNER TRUST
 
2900 NW CLEARWATER DRIVE SUITE 200-
 
BEND, OR97703

$ 39,897


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
BONNER GRANDCHILDREN LEAD UNITRUST
 
2900 NW CLEARWATER DRIVE SUITE 200-
 
BEND, OR97703

$ 1,005,592


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
NANCY S BONNER TRUST
 
2901 NW CLEARWATER DRIVE SUITE 200-
 
BEND, OR97703

$ 40,714


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
PINETOPS FOUNDATION
  		Employer identification number

46-0477322
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
PINETOPS FOUNDATION
  		Employer identification number

46-0477322
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 18,610 4,653   13,958

TY 2022 InvestmentsCorpBondsSchedule
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Name of Bond End of Year Book Value End of Year Fair Market Value
CITIGROUP INC. - 50,000 UNITS 49,750 49,750
ALLERGAN, INC. - 250,000 UNITS 249,345 249,345
BRINKER INTERNATIONAL - 361,000 UNITS 358,744 358,744
GENERAL ELECTRIC - 118,000 UNITS 117,705 117,705
GENERAL ELECTRIC - 118,000 UNITS 105,610 105,610
HCA HEALTHCARE - 250,000 UNITS 253,875 253,875
THE KRAFT HEINZ FOOD - 250,000 UNITS 237,523 237,523
MERCURY GEN CORP - 250,000 UNITS 237,272 237,272

TY 2022 InvestmentsCorpStockSchedule
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES - 13,300 SHARES 1,470,315 1,470,315
ABBVIE INC - 4,000 SHARES 591,000 591,000
ACCENTURE PLC - 2,500 CLASS A SHARES 697,625 697,625
ALPHABET INC. - 10,000 CLASS A SHARES 988,400 988,400
ALPHABET INC. - 11,200 CLASS C SHARES 1,118,544 1,118,544
AMAZON.COM INC. - 5,000 SHARES 515,650 515,650
ANHEUSER BUSCH - 9,000 SHARES 542,610 542,610
APPLE, INC. - 22,700 SHARES 3,275,383 3,275,383
BOA - 800 SHARES 995,360 995,360
BANK OF AMERICA CORP - 20,000 SHARES 709,600 709,600
BECTON DICKINSON & CO - 2,000 SHARES 504,440 504,440
BECTON DICKINSON & CO - 10,000 SHARES 503,600 503,600
BERKSHIRE HATHAWAY - 9,550 CLASS B SHARES 2,975,016 2,975,016
BERKSHIRE HATHAWAY - 300 SHARES 1,418,999 1,418,999
CHARLES SCHWAB CORP - 12,000 SHARES 929,040 929,040
CHEVRON CORP - 3,500 SHARES 609,070 609,070
COLGATE-PALMOLIVE - 7,000 SHARES 521,710 521,710
COMCAST CORP - 12,000 CLASS A SHARES 472,200 472,200
COSTCO WHOLESALE - 5,000 SHARES 2,555,700 2,555,700
CVS HEALTH CORP - 6,000 SHARES 529,320 529,320
EXPEDITORS INTL - 7,000 SHARES 757,050 757,050
FACTSET RESEARCH SYTEMS - 200 SHARES 84,588 84,588
HOME DEPOT INC. - 2,000 SHARES 648,340 648,340
JOHNSON & JOHNSON - 4,000 SHARES 653,680 653,680
MASTERCARD INC. - 1,500 CLASS A SHARES 555,900 555,900
MCDONALDS CORP - 3,000 SHARES 802,200 802,200
MICROSOFT CORP - 3,500 SHARES 867,335 867,335
NESTLE - 7,750 SHARES 947,166 947,166
NIKE INC. - 6,200 CLASS B SHARES 789,446 789,446
NOVO-NORDISK - 7,500 SHARES 1,040,850 1,040,850
PEPSICO INC. - 4,000 SHARES 684,080 684,080
STARBUCKS CORP - 8,000 SHARES 873,120 873,120
TJX COMPANIES INC. - 12,550 SHARES 1,027,343 1,027,343
UNILEVER - 9,000 SHARES 459,900 459,900
WALMART INC. - 2,000 SHARES 287,740 287,740
WALT DISNEY CO - 4,000 SHARES 433,960 433,960

TY 2022 InvestmentsOtherSchedule2
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
TETHER INC. FMV 600,170 600,170
CHARLES SCHWAB #5668 - EXCHANGE TRADED FUNDS FMV 1,353,440 1,353,440
CHARLES SCHWAB #5668 - SIMON PROPERTY GROUP REIT FMV 449,610 449,610
SPDR GOLD SHARES ETF - 3,600 UNITS FMV 645,876 645,876
CONVERTIBLE NOTE - FRDM, INC. FMV 250,000 250,000
SATURN FIVE, LLC FMV 250,000 250,000
SOVEREIGN CAPITAL III, LP FMV 399,274 399,274
SATURN FIVE CANOPY SPV, LLC FMV 100,000 100,000
NARTHEX ONE, LLC FMV 250,000 250,000
EAGLE VENTURE FUND II LP FMV 500,000 500,000
IONIAN LLC FMV 250,000 250,000
WELDENFIELD REAL ESTATE BAM FUND I, LP FMV 250,000 250,000
DECIBEL PARTNERS II AFFILIATES LP FMV 177,500 177,500
LEGACY VENTURE XI, LLC FMV 80,000 80,000
HOLY POST MEDIA, INC. FMV 300,000 300,000

TY 2022 LandEtcSchedule2
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER EQUIPMENT 5,782 0 5,782 5,782


TY 2022 LegalFeesSchedule
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 71,242 0   71,242


TY 2022 OtherAssetsSchedule
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
BENEFICIAL INTEREST IN TRUSTS 250,845 250,845 250,845
ACCRUED INTEREST RECEIVABLE 54,158 54,158 54,158
TAMING MUSTANGS PROGRAM RELATED INVESTMENT 250,000 0 0


TY 2022 OtherDecreasesSchedule
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Description Amount
UNREALIZED LOSS ON INVESTMENTS 3,387,571


TY 2022 OtherExpensesSchedule
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK SERVICE CHARGES 1,396 1,396   0
DUES & SUBSCRIPTIONS 9,000 0   9,000
OFFICE EXPENSES 316 0   316
SOFTWARE SERVICES 2,595 0   2,595
RESEARCH 102 0   102
MEALS AND ENTERTAINMENT 2,146 0   2,146
ADMINISTRATIVE EXPENSES 21,055 0   21,055
CALIFORNIA RRF-1 FILING FEES 350 0   350
OTHER EXPENSES 45 0   45
ACCRUAL TO CASH CONVERSION 0 0   -42,121


TY 2022 OtherIncomeSchedule2
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME/LOSS PER K-1S 0 -232,441 0
PRI INTEREST INCOME 13,122 13,122 13,122


TY 2022 OtherProfessionalFeesSchedule
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 75,068 75,068   0
CONSULTING 30,791 0   30,791


TY 2022 TaxesSchedule
Name:
PINETOPS FOUNDATION
EIN:
46-0477322
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 6,995 0   0
UBI TAXES 2,409 0   0
FOREIGN TAXES PAID 0 12,233   0