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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)211 ROBBINS ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOLALLA, OR970388142
A Employer identification number

45-3983646
B Telephone number (see instructions)

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$5,389,761J 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) 650,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 15 0 0
4 Dividends and interest from securities... 232,147 232,147 0
5a Gross rents............ 0 0 0
b Net rental income or (loss) 0
6a Net gain or (loss) from sale of assets not on line 10 0
b Gross sales price for all assets on line 6a 0
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
32,836 32,836 0
12 Total. Add lines 1 through 11........ 914,998 264,983 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... 0 0 0 0
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,167 0 0 4,167
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
981 0 0 981
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,148 0 0 5,148
25 Contributions, gifts, grants paid....... 363,600 363,600
26 Total expenses and disbursements. Add lines 24 and 25 368,748 0 0 368,748
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 546,250
b Net investment income (if negative, enter -0-) 264,983
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 461,634 140,086 140,086
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow150,000
Less: allowance for doubtful accounts right arrow   0 150,000 150,000
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0  
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow   0 0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   0  
b Investments—corporate stock (attach schedule)....... 4,316,924 Click to see attachment
List of Attached Documents:
// Content
5,034,722 		5,099,675
c Investments—corporate bonds (attach schedule).......   0  
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,778,558 5,324,808 5,389,761
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 0 0
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...........    
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 4,778,558 5,324,808
29 Total net assets or fund balances (see instructions)..... 4,778,558 5,324,808
30 Total liabilities and net assets/fund balances (see instructions). 4,778,558 5,324,808
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
4,778,558
2
Enter amount from Part I, line 27a .....................
2
546,250
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,324,808
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,324,808
Form 990-PF (2023)
Form 990-PF (2023)
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.)
1a
b
c
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
b
c
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
b
c
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  
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  
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 3,683
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 3,683
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 3,683
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b  
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  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 3,683
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
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 2023 or the taxable year beginning in 2023? 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
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 arrowN/A
14
The books are in care ofright arrowTerry Simms Telephone no.right arrow (503) 829-1100

Located atright arrow211 ROBBINS STMOLALLAOR ZIP+4right arrow970388142
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(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
 
 
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Ed StaffordClick to see attachment
List of Attached Documents:
// Content
Director
1.00 		0 0 0
211 Robbins St
Molalla,OR97038
Marci MarshClick to see attachment
List of Attached Documents:
// Content
President
1.00 		0 0 0
211 Robbins St
Molalla,OR97038
Kae WiseClick to see attachment
List of Attached Documents:
// Content
Vice President
1.00 		0 0 0
211 Robbins St
Molalla,OR97038
Lorraine PetersClick to see attachment
List of Attached Documents:
// Content
Secretary
1.00 		0 0 0
211 Robbins St
Molalla,OR97038
Ron JonesClick to see attachment
List of Attached Documents:
// Content
Director
1.00 		0 0 0
211 Robbins St
Molalla,OR97038
Rick DishnerClick to see attachment
List of Attached Documents:
// Content
Director
1.00 		0 0 0
211 Robbins St
Molalla,OR97038
Steve LoutzenhiserClick to see attachment
List of Attached Documents:
// Content
Director
1.00 		0 0 0
211 Robbins St
Molalla,OR97038
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 City of Molalla - Public parks project 100,000
2 Molalla River School District - Various high school sponsorship events 38,610
3 Molalla Adult Community Center - Charitable funding 12,000
4 Molalla Booster Club - High school grad party 5,500
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
4,368,784
b
Average of monthly cash balances.......................
1b
304,655
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,673,439
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
4,673,439
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
70,102
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,603,337
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
230,167
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
230,167
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,683
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
3,683
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
226,484
4
Recoveries of amounts treated as qualifying distributions................
4
32,836
5
Add lines 3 and 4............................
5
259,320
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
259,320
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
368,748
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) Click to see attachment
List of Attached Documents:
// Content
.................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
368,748
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 259,320
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 27,218
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 22,368
f Total of lines 3a through e ........ 49,586
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 368,748
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 259,320
e Remaining amount distributed out of corpus 109,428
5 Excess distributions carryover applied to 2023.    
(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 5 159,014
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		159,014
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 22,368
e Excess from 2023.... 109,428
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
NONE
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.
NONE
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:
MCEF SCHOLARSHIP FUND BOARD
211 Robbins St
Molalla,OR97038
(503) 829-1100
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION PAGE FOR 2023 MCEF SCHOLARSHIP
cAny submission deadlines:
4-15-2023
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
MUST BE GRADUATE OF A REGIONAL SCHOOL INCLUDING BUT NOT LIMITED TO MOLALLA HS COLTON HS AND SILVERTON HS.
Form 990-PF (2023)
Form 990-PF (2023)
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
City of Molalla


PO Box 248
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 100,000
Molalla River School District


412 S Sweigle Ave
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 38,610
Molalla Adult Community Center


PO Box 797
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 12,000
Molalla Booster Club


PO Box 611
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 5,500
Angles in the Outfield


PO Box 2347
Oregon City,OR97045 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 1,500
Butte Creek PTT


37569 S Hwy 213
Mt Angel,OR97362 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 300
CAST for Kids Foundation


2755 Commercial St SE
Salem,OR97302 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 1,000

Clackamas County 4H Leaders Association

200 Warner Milne Rd
Oregon City,OR97045 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 500
Country Christian School


16975 S Hwy 211
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 3,500
Foundation for Rural Service


4121 Wilson Blvd Suite 1000
Arlington,VA22203 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 4,600
Jordan Hess Memorial Trust


209 Porter St
Silverton,OR97381 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 500

Marion County Junior Livestock Auction

PO Box 15016
Salem,OR97309 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 200
Molalla Chamnber Of Commerce


PO Box 472
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 400
Molalla Mat Club


PO Box 726
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 1,000
Molalla River BMX


920 Toliver Rd
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 1,000
Molalla Youth Football


PO Box 1361
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 2,848
Molalla Youth Sports


PO Box 823
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 1,000
MRMS PAC


318 Leroy St
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 1,515
Orange Black Boosters


13577 S Molalla Forest Rd
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 200
OTA Scholarship Foundation


1149 Court Street NE
Salem,OR97301 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 3,000

Relay for Life American Cancer Society

PO Box 22770
Portland,OR97269 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 2,500
Rural Dell PTC


10500 S Hwy 211
Molalla,OR97038 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 750
Todos Juntos


PO Box 645
Canby,OR97013 		No Relationship NC To Promote the advancement and diffusion of knowledge and understanding 1,150
Adam Y Mendoza-Reynaga


154 Toliver Ct
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Adonijah Farner


26148 S Hwy 213
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Alexander Rogers


29200 S Marshall Rd
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Alice Person


505 Kennel Ave
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Alicia Salazar Wells


9735 S Marquam Cir
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Andrea Arias


800 Boston Ct
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Anna Cramer


12512 S Thomas Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Annika Molina


12150 S Dart Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Antuan Peterson


1010 Meadow Dr
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Apple Festival


PO Box 828
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,200
Ariana Cortes Giron


924 Meadow Dr
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Ashley Ramirez


548 WEST LN
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
audrey coulombe


740 ANDRIAN DR
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Cameron Miller


18277 S Hwy 211
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Carson Donaldson


28668 S Dalmatian Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Casey Brooks


30532 S Mccown Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Cathrin Schasny


805 Columbia Dr
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Cindy Rodriquez


211 Doug Fir Ln
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Clay Sperl


13521 S Herman Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Colton Enz


867 Meadowlawn Pl
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Corinne Oster


308 E 5th St
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Dakota Burke


880 June Dr
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Daniela Miron-Herrera


415 TOLIVER RD E2
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Denver Grossnickle


801 Patrol St
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Dibble House


PO Box 828
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Eddy Lao


633 June Dr
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Elizabeth Winkler-Yates


1063 Mt View Ln
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Emily Rountree


33307 S Sawtell Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Emma Helmig


37087 S Foltz Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Emma Sleight


12508 S Wildcat Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Enrique Martinez Vivar


205 W 4th St
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Ephriam Carr


500 Andrian Ct
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Ephriam Carr


500 Andrian Ct
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Eva King


201 Doug Fir Ln
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Evan Jasper Carrel


517 Ridings Ave 30
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Evelyn Eufragio Morales


415 Toliver Rd E1
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
FRS Youth Tour Registration


4121 Wilson Blvd Suite 1000
Arlington,VA22203 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 5,200
Galilea Suarez-Orozco


722 Garden Ct Molalla
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Georgia Hunter


756 June Dr
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Grace Rief


744 June Dr
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Haley Bell


899 E MAIN ST 61
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Hannah Nelzen


37122 S Hwy 213
Mount Angel,OR97362 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Jaden Donaldson


28668 S Dalmatian Rd
Mulino,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Janie Corona Huerta


740 Andrian Ct
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Jarek White


31273 S Grimm Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Jasmine Bartel


29466 S Marshall Rd
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Jenna Langendorfer


1200 Homestead Pl
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Jessica Reynaga


154 Toliver Ct
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Joey Gartrell


15260 S Howards Mill Rd
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Jordan Cowan


647 Shenandoah Dr
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Jordyn Long


15582 S Howards Mill Rd
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Josh Matias-Christensen


940 Meadowlark Pl
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Joshua Lam


220 N Cole Ave
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Justin Lowder


36076 S Sawtell Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Kadyn Eves


17621 S Callahan Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Kaitlin Gartrell


15260 S Howards Mill Rd
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Kaityn Curry


27671 S Ringo Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Kelsey Morgan


1021 Julie Ln
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Kjersti McAllister


10989 S Wildcat Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
kylie Brownlee


31201 S Wright Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Kylie Smith


14929 S Jordan Rd
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Lalaine Mead


26464 S Burns Rd
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Landon Eves


17621 S Callahan Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Lauren Pederson


15450 S PARADISE LN A
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Leah Kateley


324 Eckerd Ave
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Lesly Maldonado


33328 S Sawtell Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Lisette Fregoso Navarro


320 Hood Ct
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Lorraine Soper


17525 S Hallbacka Ln
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Lydia Jeffries


15019 S Herman Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Madison Brinkman


1260 W Main St
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Madison Olsen


18373 S Callahan Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Maison Sorenson


38484 S Hardy Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Michael Kyllo


32958 S Wilhoit Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Molalla Fire District


PO Box 655
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 4,380
Morghan Rash


13947 S LUCIA LN
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Nate Gonzales


321 Park Ave
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
National Night Out


PO Box 248
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Noah Roth


1412 Meadow Dr
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Nolan Miller


1318 Meadowlark Pl
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 333
olivia edge


911 Coho St
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Owen Hoffer


1028 Meadowlark Pl
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Paige Gump


1212 Mt View Ln
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Parker Coulombe


103 S Cole Ave
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Patrick Raschio


27875 S Hwy 213
Mulino,OR97042 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Payton Miller


1318 Meadowlark Pl
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Preslie Ritz


240 N Hezzie Ln
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Quincee Muffett


13107 S Thomas Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Reid Sperl


13521 S Herman Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Rubie Burge


18377 S Munson Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 334
Rubie Burge


18377 S Munson Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Ryan Gilkison


9916 S Wildcat Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Ryan Kyllo


32958 S Wilhoit Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Rylee Madison


791 Mary Dr
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Ryley Talarico


819 Alyssa Ct
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Sergio Mota


215 Probe St
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Share the Love


357 Frances St
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 100
Sierra White


110 Berkley Ave
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Tanner Foss-Howard


110 Berkley Ave
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
theodore nunn


14231 S Macksburg Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,500
Tyler Blank


618 S Metzler Ave
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,000
Tyson Ferrell


31201 S Wright Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Brock Sandberg


34262 S Wilhoit Rd
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,000
Brynn Castleton-Rudolph


27905 S Hwy 213
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 2,500
Nolan Miller


1318 Meadowlark Pl
Molalla,OR97038 		No Relationship I To Promote the advancement and diffusion of knowledge and understanding 1,480
Total .................................right arrow 3a 363,600
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
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     0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
f     0   0 0
    0   0 0
gFees and contracts from government agencies          
2 Membership dues and assessments ....   0   0 0
3 Interest on savings and temporary cash
investments ........... 		  0 14 15 0
4 Dividends and interest from securities ....   0 14 232,147 0
5 Net rental income or (loss) from real estate:
aDebt-financed property......   0   0 0
bNot debt-financed property.....   0   0 0
6 Net rental income or (loss) from personal property   0   0 0
7 Other investment income .....   0   0 0
8 Gain or (loss) from sales of assets other than
inventory ............ 		  0 18 0 0
9 Net income or (loss) from special events:   0   0 0
10 Gross profit or (loss) from sales of inventory   0   0 0
11 Other revenue:
a   		  0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
12 Subtotal. Add columns (b), (d), and (e) .. 0 232,162 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
232,162
(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 (2023)
Form 990-PF (2023)
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
Molalla Telephone Company 501(c)(12) SHARE ELEMENT OF COMMON CONTROL
Sign Here
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Firm's name SmallBullet
 Firm's EIN SmallBullet
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Form 990-PF (2023)
Additional Data


Software ID: 23017649
Software Version: V1.0


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
2023
Name of the organization
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
 
Employer identification number

45-3983646
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
  		Employer identification number
45-3983646
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
MOLALLA TELEPHONE COMPANY
 
211 Robbins St
 
Molalla, OR97038

$ 650,000


(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.)
(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
  		Employer identification number

45-3983646
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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
  		Employer identification number

45-3983646
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 InvestmentsCorpStockSchedule
Name:
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
EIN:
45-3983646
Software ID:
23017649
Software Version:
V1.0
Name of Stock End of Year Book Value End of Year Fair Market Value
Baron Small Cap Fund 178,742 187,931
PIMCO Commodities Plus 96,519 78,534
Dodge STK FD 187,731 190,562
American Funds 626,895 551,005
American Funds Growth Fund 388,603 451,552
American FDS Inc 306,149 330,777
Wash Mutual Investors Fund 612,017 732,247
Janus Funds Small Cap 263,245 282,841
Jensen Portfolio Inc. 215,140 236,887
John Hancock Funds 230,889 288,660
Wells Fargo Emerging Mkts 219,720 178,840
Europacific Growth FD 193,830 188,905
PIMCO FDS PAC Invt 150,602 127,961
PIMCO PAC Invt 168,720 141,711
PIMCO Commodity Strat FD 149,276 102,768
PGIM High Yield CL 153,584 135,727
T Rowe Price INTL FD 154,828 146,471
Community West Bank CD 100,116 100,000
JP Morgan Chase CD 199,972 200,000
JP Morgan Chase CD 100,136 100,000
US Bank CD 100,112 100,000
T Rowe Price Mid-Cap 237,896 246,296

TY 2023 OtherExpensesSchedule
Name:
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
EIN:
45-3983646
Software ID:
23017649
Software Version:
V1.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Directors & Officers Insurance 981 0 0 981


TY 2023 OtherIncomeSchedule2
Name:
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
EIN:
45-3983646
Software ID:
23017649
Software Version:
V1.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Returned Grant Money 32,836 32,836 0


TY 2023 TaxesSchedule
Name:
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
EIN:
45-3983646
Software ID:
23017649
Software Version:
V1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Excise Tax 3,339 0 0 3,339
State Tax 828 0 0 828