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
577 FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)577 EAST FRONT STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PERRYSBURG, OH43551
A Employer identification number

34-1591869
B Telephone number (see instructions)

(419) 872-0305
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$2,435,651J 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) 997,660
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 31,822 31,822 31,822
5a Gross rents............ 32,328 32,328 32,328
b Net rental income or (loss) 32,328
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-16,939
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
276,874   276,874
12 Total. Add lines 1 through 11........ 1,321,745 64,150 341,024
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 92,281      
14 Other employee salaries and wages...... 519,404     270,318
15 Pension plans, employee benefits....... 160,545     160,545
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
6,416     6,416
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,202     18,202
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
10,595     10,595
17 Interest............... 1,756 1,756 1,756  
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,131 12,131 12,131  
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
217,212    
20 Occupancy.............. 35,388 20,917 20,917 14,472
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
211,150 34,998 173,820 41,471
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,285,080 69,802 208,624 522,019
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,285,080 69,802 208,624 522,019
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 36,665
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 132,400
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............. 134,371 102,280 102,280
2 Savings and temporary cash investments......... 142,759 196,453 196,453
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.......... 60 115 115
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 709,188 Click to see attachment
List of Attached Documents:
// Content
662,009 		662,009
c Investments—corporate bonds (attach schedule).......      
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)..........      
14 Land, buildings, and equipment: basis right arrow4,291,045
Less: accumulated depreciation (attach schedule) right arrow2,817,032 1,435,660 Click to see attachment
List of Attached Documents:
// Content
1,474,013 		1,474,013
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
781 		Click to see attachment
List of Attached Documents:
// Content
781 		Click to see attachment
List of Attached Documents:
// Content
781
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,422,819 2,435,651 2,435,651
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................   4,745
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 175,638 Click to see attachment
List of Attached Documents:
// Content
141,206
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,405 		Click to see attachment
List of Attached Documents:
// Content
10,259
23 Total liabilities (add lines 17 through 22)......... 180,043 156,210
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........... 2,242,776 2,279,441
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,242,776 2,279,441
30 Total liabilities and net assets/fund balances (see instructions). 2,422,819 2,435,651
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
2,242,776
2
Enter amount from Part I, line 27a .....................
2
36,665
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,279,441
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
2,279,441
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 0
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  
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  
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
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  
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 arrow   Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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
 
No
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 arrowOH
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
Yes
 
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
 
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTP://WWW.577FOUNDATION.ORG
14
The books are in care ofright arrowBETH LINDHORST Telephone no.right arrow (419) 874-4174

Located atright arrow577 E FRONT STREETPERRYSBURGOH ZIP+4right arrow43551
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
 
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 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
FRANCES PARRY SECRETARY
2.00 		0 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
RICHARD SIPP IMMEDIATE PA
1.00 		0 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
MICHAEL GEORGE DEV COMMITTE
1.00 		0 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
KITTY BETH MILLHON TRUSTEE
1.00 		0 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
MARTIN W NAGY TRUSTEE
1.00 		0 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
HEATHER GALLANT EXECUTIVE DI
45.00 		92,281 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
PAUL FENTON CHAIR - GOVE
1.00 		0 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
PAUL CROY PRESIDENT
1.00 		0 0 0
577 E FRONT ST
PERRYSBURG,OH43551
KELLI DANIELS GOVERNANCE C
1.00 		0 0 0
PO BOX 1211
PERRYSBURG,OH43552
JENNIFER HILDEBRAND DEVELOPMENT
1.00 		0 0 0
829 AVALON RD
WATERVILLE,OH43566
ERICA PARISH FIANANCE COM
1.00 		0 0 0
10614 RIVER OAKS DR
PERRYSBURG,OH43551
JAY SECOR VICE PRESIDE
1.00 		0 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
DAVID FOLEY TREASURER
5.00 		0 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
MAURA AMATO TRUSTEE
1.00 		0 0 0
C/O 577 E FRONT ST
PERRYSBURG,OH43551
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
MICHAEL MUMMERT EMPLOYEE
000.00 		66,788    
3664 RYE HILL LN
SYLVANIA,OH43560
JULIE BEUTLER EMPLOYEE
000.00 		61,691    
24195 FRONT ST
GRAND RAPIDS,OH43522
DANIELLE M MARINO EMPLOYEE
000.00 		60,376    
4842 FAIR OAKS DR
TOLEDO,OH43613
KELLY ROSE HIRSH EMPLOYEE
000.00 		60,231    
335 E INDIANA AVE
PERRYSBURG,OH43551
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 542 CLASSES & PROGRAMS WITH 4429 PARTICIPANTS 58,403
2 25 SPECIAL EVENTS/PRIVATE WORKSHOPS WITH 1,503 PARTICIPANTS 3,060
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
685,608
b
Average of monthly cash balances.......................
1b
139,164
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
824,772
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
824,772
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
12,372
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
812,400
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
40,620
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
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
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
522,019
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
522,019
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  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 522,019
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.....  
e Remaining amount distributed out of corpus 522,019
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 5 522,019
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
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 ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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
40,620   42,968   83,588
b 85% (0.85) of line 2a ......... 34,527   36,523   71,050
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		522,019 750,454 629,212 556,508 2,458,193
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 .... 		522,019 750,454 629,212 556,508 2,458,193
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 .. 		27,080 29,541 28,645 23,987 109,253
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 (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
Total .................................right arrow 3a  
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
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 31,822  
5 Net rental income or (loss) from real estate:
aDebt-financed property......     16 32,328  
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 ............ 		        -16,939
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPROGRAM FEES 		    6 242,875  
bMISC INCOME     6 50  
cUNREALIZED GAIN     6 33,949  
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   341,024 -16,939
13Total. Add line 12, columns (b), (d), and (e)..................
13
324,085
(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.)
8 GAIN FROM DIVIDENDS
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
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 (2023)
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
2023
Name of the organization
577 FOUNDATION
 
Employer identification number

34-1591869
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
577 FOUNDATION
  		Employer identification number
34-1591869
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
TCF SECOR FUND
 
608 MADSION AVE
 
TOLEDO, OH43604

$ 730,000


(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
577 FOUNDATION
  		Employer identification number

34-1591869
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
577 FOUNDATION
  		Employer identification number

34-1591869
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 AccountingFeesSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  18,202     18,202

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TY 2023 AmortizationSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
WEB SITE DEVELOPMENT 2004-12-01 975 975 3.0000       975

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TY 2023 DepreciationSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
16 POTTERS STOOLS 2005-03-09 480 480 200DB 7.0000        
1993 CLUB GO 1997-06-01 1,300 1,300 S/L 5.0000        
2 ALUMINUM TABLE 2005-05-19 862 862 200DB 7.0000        
2 POTTERY WHEELS 2005-03-09 1,540 1,540 200DB 7.0000        
2009 GMC TRUCK 2011-04-25 13,473 13,473 S/L 5.0000        
2019 GRASSHOPPER MOWER 2019-02-12 16,855 16,855 200DB 7.0000        
3 ENTRANCES 2000-08-23 1,304 1,304 S/L 7.0000        
4 LED PARKING LOT POLES & LIGHTS 2009-12-16 5,385 4,667 S/L 15.0000 359      
6 OUTDOOR PVC HAND DRUMS 2005-02-09 1,225 1,225 200DB 7.0000        
8 STACK ARM CHAIRS 2005-05-19 1,742 1,742 200DB 7.0000        
AMISH 48" ROUND DAISY TABLES POLY(2) 2006-03-01 664 664 200DB 7.0000        
AMISH ADIRONDACK DOUBLE GLIDERS(4) 2006-03-01 1,292 1,292 200DB 7.0000        
AMISH GARDERN BENCHS POLY(2) 2006-03-01 394 394 200DB 7.0000        
AMISH OUTDOOR POLY CHAIRS(8) 2006-03-01 1,000 1,000 200DB 7.0000        
ARCHITECTUAL 1998-12-31 11,450 8,724 S/L 10.0000 2,726      
ARM CHAIRS 2002-03-30 1,084 1,084 S/L 7.0000        
ASSET PROTECTION CORP - REPLACEMENT PANEL 2015-05-20 4,000 782 S/L 39.0000 103      
BARN GUTTERS 2017-10-20 1,877 1,877 S/L 5.0000        
BARN GUTTERS 2017-07-13 550 202 S/L 15.0000 36      
BARN SHUTTER 2000-08-31 947 682 S/L 31.0000 31      
BEQUEST OF M 1998-12-31 1,145,000 872,381 S/L 31.5000 36,349      
BIODOME 1988-11-10 28,867 28,867 S/L 10.0000        
BIODOME RENOVATION 2004-08-01 70,617 70,617 S/L 10.0000        
BLUE PRINTS 2000-03-22 3,900 2,275 S/L 3.0000 1,625      
BOOK CENTER FLOOR 2004-03-10 2,737 1,289 S/L 40.0000 68      
BOOKSHELVES 1989-06-01 3,190 3,190 S/L 7.0000        
BOX TURTLE DRUM 2005-02-09 2,008 2,008 200DB 7.0000        
BUILDING IMP. 1997-12-01 3,900 3,100 S/L 10.0000 800      
BUILDING IMP. 1999-12-01 23,387 17,850 S/L 31.5000 742      
C.WM 48" ROUND DINING TABLE 2006-02-08 600 600 200DB 7.0000        
C.WM 6' CHERRY DINING TABLE 2006-02-08 850 850 200DB 7.0000        
C.WM CHERRY DINING TABLE 2006-03-08 1,000 1,000 200DB 7.0000        
C.WM36" ROUND TABLE 2006-03-08 350 350 200DB 7.0000        
CABIN SHUTTERS 2014-11-19 1,614 414 S/L 31.5000 51      
CABIN WALLPAPER 2014-02-19 1,140 320 S/L 31.5000 36      
CAMPAGNA CHAIR FOR COTTAGE 2005-11-29 319 319 200DB 7.0000        
CARRUTH STONE HOSE BIB 2003-11-11 400 400 S/L 15.0000        
CERAMIC DOME STRUCTURE 2012-08-22 12,137 12,137 S/L 10.0000        
CHILDRENS' GARDEN WOOD, BOLTS & SCREWS 2010-04-14 342 342 200DB 7.0000        
CLAYKING - PETER PUGGER VPM 20 2015-02-02 4,688 4,688 200DB 7.0000        
CLIMBATOMIK 2010-07-21 239 239 200DB 7.0000        
COLUMN & GUTTERS 2014-09-24 1,820 477 S/L 31.5000 57      
COMPUTERS 2001-03-14 16,593 16,593 S/L 5.0000        
COMPUTERS 2002-12-31 3,339 3,339 S/L 5.0000        
CONFERENCE ROOM 1994-09-01 87,289 78,398 S/L 31.5000 2,771      
COTTAGE AIR CONDITIONING 2004-06-18 4,678 2,164 S/L 10.0000 2,514      
COTTAGE CHAIRS 2005-11-29 952 952 200DB 7.0000        
COTTAGE CHAIRS 2005-11-29 1,450 1,450 200DB 7.0000        
COTTAGE FUNITURE 2005-10-12 4,107 4,107 200DB 7.0000        
COTTAGE FURNITURE 1996-06-01 3,232 3,232 S/L 7.0000        
COTTAGE HOUSING-CARPET &FLOORING 2006-09-06 4,351 2,256 S/L 10.0000 2,095      
COTTAGE KITCHEN FLOORING 2014-12-31 2,640 670 S/L 31.5000 84      
COTTAGE PAINTING INTERIOR 2014-07-16 2,045 2,045 S/L 5.0000        
COTTAGE PAINTING UPSTAIRS/CLOSETS/CUPBOARDS 2014-10-01 1,020 1,020 S/L 5.0000        
COTTAGE REMODEL 1995-12-02 21,013 17,983 S/L 31.5000 667      
COTTAGE REMODEL 1996-02-01 35,829 30,664 S/L 31.5000 1,137      
COTTAGE SIDE CHAIRS (2) 2006-03-15 279 279 200DB 7.0000        
COTTAGE WINDOWS 2019-07-29 6,055 537 S/L 11.0000 1,482      
COURTYARD 2007-07-25 45,245 22,263 S/L 10.0000 22,982      
COURTYARD AGGREGATE REPAIR 2011-12-07 4,600 1,619 S/L 10.0000 2,981      
COURTYARD UMBRELLA 2015-11-18 1,038 1,038 200DB 7.0000        
CUSTOMIZED SOFTWARE 2003-01-22 1,300 1,300 S/L 5.0000        
DECK 2003-06-04 5,600 5,600 S/L 15.0000        
DELL LAPTOP 2005-12-07 773 773 200DB 5.0000        
EXTERIOR PAINTING 2017-10-30 24,830 24,830 S/L 5.0000        
EXTERIOR PAINTING 2018-10-01 19,680 16,728 S/L 5.0000 2,952      
EXTERIOR PAINTING OF BARN & COTTAGE 2020-08-26 17,940 17,940 S/L 15.0000        
EXTERIOR WINDOW SHUTTER 2016-03-10 3,093 539 S/L 14.0000 1,237      
FAIRY HOUSE 2005-04-06 319 319 200DB 7.0000        
FINAL PAYMENT 1989-06-01 59,200 59,200 S/L 10.0000        
FLYING AMADINDA SMALL VERSION 2005-02-09 1,975 1,975 200DB 7.0000        
FURNITURE 1992-06-01 3,525 3,525 S/L 7.0000        
FURNITURE FOR E28T 2005-03-09 930 930 200DB 7.0000        
GAME TABLE 2002-03-30 637 637 S/L 7.0000        
GARDEN ENTRACES-VINTAGE GARDENS 2003-09-17 2,500 2,500 S/L 15.0000        
HIGHLANDER END TABLE(2) 2006-03-15 698 698 200DB 7.0000        
HOBBIT HUT 2003-09-23 8,874 8,874 S/L 15.0000        
HOUSE 2012-06-05 243,148 81,693 S/L 31.5000 7,719      
HOUSE EXTERIOR IMPROVMENTS 2009-08-05 12,380 4,259 S/L 10.0000 8,121      
HOUSE FURNITURE 2000-10-30 47,659 47,659 S/L 7.0000        
HOUSE FURNITURE 2001-06-27 3,900 3,900 S/L 7.0000        
HOUSE INTERIOR IMPROVEMENTS 2011-10-05 3,400 981 S/L 39.0000 87      
HOUSE INTERIOR IMPROVEMENTS 2009-12-09 6,043 2,027 S/L 10.0000 4,016      
HOUSE INTERIOR IMPROVEMENTS 2008-11-18 16,209 7,363 S/L 10.0000 8,846      
HOUSE LIGHTS 2001-06-27 1,517 1,517 S/L 7.0000        
HOUSE PAVEMENT REPAIR 2016-11-09 25,930 23,499 S/L 15.0000 1,729      
HOUSE RENOVATION 1999-06-01 210,575 126,885 S/L 39.0000 5,399      
HOUSE RENOVATION 1999-06-01 686,023 414,106 S/L 39.0000 17,590      
HOUSE--BLUE TAPESTRY SOFA 2003-07-14 3,000 3,000 S/L 10.0000        
HOUSE-BLUE TAPESTRY TUB CHAIRS 2003-07-14 3,000 3,000 S/L 10.0000        
HOUSE-COFFEE TABLE 2003-05-28 299 299 S/L 10.0000        
HOUSE-PAVE, STAMP HOUSE DRIVE 2003-03-01 13,324 13,324 S/L 15.0000        
HOUSE-SETTEE W. MATCHING CHAIRS 2003-04-22 1,500 1,500 S/L 10.0000        
HOUSING IMPROVEMENTS 2000-03-01 46,307 27,111 S/L 30.0000 10,301      
IMPROVEMENTS 1996-02-28 4,438 3,815 S/L 10.0000 623      
IMPROVEMENTS 1998-12-31 6,500 4,952 S/L 10.0000 1,548      
INFRASTRUCTURE 2003-07-02 544 544 S/L 10.0000        
KILNS CART 2005-03-09 440 440 200DB 7.0000        
KITCHEN COUNTERTOPS 2006-08-09 1,325 1,325 200DB 7.0000        
KITCHEN FLOORING 2015-12-22 4,745 857 S/L 15.0000 1,788      
KONICA BIZHUB PRINTER 2015-12-16 2,976 2,976 200DB 7.0000        
LAND 2012-06-05 263,411              
LANDSCAPE 1998-06-01 4,190 4,190 S/L 15.0000        
LANDSCAPING 1989-08-01 27,549 27,549 S/L 15.0000        
LANDSCAPING 1990-06-01 17,937 17,937 S/L 15.0000        
LANDSCAPING 1991-06-01 13,102 13,102 S/L 15.0000        
LANDSCAPING 1993-06-01 413 413 S/L 15.0000        
LANDSCAPING 1996-07-30 5,086 5,086 S/L 15.0000        
LANDSCAPING 1999-06-01 1,404 1,404 S/L 15.0000        
LANDSCAPING 1997-06-30 7,661 7,661 S/L 15.0000        
LIGHTS 1995-01-25 1,793 1,793 S/L 15.0000        
LOG CABIN 1995-12-01 49,486 42,482 S/L 31.5000 1,571      
LOG CABIN RENOVATION 2001-08-22 10,751 7,399 S/L 27.0000 1,662      
LOG CABIN ROOF 2017-11-22 6,300 2,135 S/L 15.0000 420      
LTL E28T KILNS 2005-03-16 5,450 5,450 200DB 7.0000        
LTL VENTS 2005-03-09 580 580 200DB 7.0000        
MANABIGAMA KILN PAVILION 2009-12-09 4,325 1,451 S/L 10.0000 2,874      
MANABIGAMA WOOD KILN KIT 2009-11-25 5,754 5,754 S/L 7.0000        
MAUMEE VALLEY FURNACE & AC - APPT ABOVE GARAG 2015-02-02 4,538 916 200DB 10.0000 3,130      
NATURAL PLAYGROUND 2010-03-29 435 435 200DB 7.0000        
NORTH STAR WEAR CART 2005-03-09 490 490 200DB 7.0000        
OFFICE FURNITURE 2002-10-31 3,479 3,479 S/L 7.0000        
OFFICE-CARPET & FLOORING 2006-09-06 1,386 719 S/L 31.5000 44      
OTHER 1996-04-10 776 665 S/L 31.5000 25      
PAINT EXTERN 2000-07-30 12,142 12,142 S/L 5.0000        
PAINTING CUPOLA 2008-06-25 1,655 1,655 S/L 5.0000        
PAINTING HOUSE WINDOWS 2008-06-25 6,920 6,920 S/L 5.0000        
PARKING LOT 1991-06-01 35,716 35,716 S/L 15.0000        
PARKING LOT 1998-12-31 1,786 1,786 S/L 15.0000        
PARKING LOTS REPAIRED 2017-09-29 2,575 901 S/L 15.0000 172      
PATHWAY & PLAY SURVACES 2003-11-14 2,279 2,279 S/L 15.0000        
PAVE PARKING LOT 2011-11-02 24,072 17,920 S/L 15.0000 1,605      
PICKET FENCE 2000-09-30 1,353 1,353 S/L 7.0000        
PLANTING LABOR 2003-06-06 480 480 S/L 15.0000        
PLANTING MATERIALS 2003-07-01 186 186 S/L 15.0000        
PLAY TUNNEL 2003-12-17 5,494 5,494 S/L 15.0000        
POTERY BARN 1993-03-01 5,333 5,042 S/L 31.5000 170      
POTTERY BARN EXPANSION 2005-10-05 55,659 30,480 S/L 31.5000 1,767      
POTTING SHED EXPANSION 2013-05-15 55,869 54,006 S/L 10.0000 1,862      
PROGRAMMABLE 2000-03-31 799 799 S/L 7.0000        
RAILING FOR STAIRWAY 2020-12-29 1,678 1,678 S/L 15.0000        
RAIN WHEEL 2005-02-09 345 345 200DB 7.0000        
RAISED GARDEN BEDS-HARDWARE 2003-05-01 1,416 1,416 S/L 15.0000        
REFINISH GRAY ROOM FLOOR 2006-07-12 1,650 864 S/L 31.5000 53      
REFURBISH VOICE MAIL SYSTEM 2006-12-27 1,260 1,260 200DB 7.0000        
REMODEL DAIR 2001-03-28 4,800 3,368 S/L 10.0000 1,432      
REMODEL DAIRY 2000-07-30 858 621 S/L 31.0000 27      
REMODELING 1989-12-01 16,056 16,056 S/L 31.5000        
REMODELING 1992-12-01 42,731 40,755 S/L 10.0000 1,976      
RENOVATION 1997-11-01 8,342 8,342 S/L 10.0000        
REPAIR HOUSE 2001-10-24 4,043 2,761 S/L 10.0000 1,282      
REPLACE KITCHEN WINDOWS - MAIN HOUSE 2017-12-03 3,835 500 S/L 13.0000 1,366      
RETAINING WALL REPAIR 2020-09-30 15,309 15,309 S/L 15.0000        
REWIRING 1990-06-01 6,834 6,834 S/L 10.0000        
ROAD DRAINAGE/CONCRETE PAD/GRAVEL RD 2010-10-27 6,800 5,516 S/L 15.0000 453      
ROOFS-BOOK CENTER, BARN, MAINT & ADMIN 2017-09-20 39,200 5,277 S/L 39.0000 1,005      
SAGUA ROOFING 2015-12-09 12,611 2,277 S/L 39.0000 323      
SEAL PARKING LOTS-HOUSE & BARN 2014-10-01 3,420 1,881 S/L 15.0000 228      
SEATING ARBOR & TEAHOUSE 2003-08-01 1,826 1,826 S/L 15.0000        
SEATING AREA, STEPS, PATHS 2020-02-26 15,250 15,250 S/L 15.0000        
SHEDS 1993-07-01 8,724 8,159 S/L 10.0000 565      
SHUTTERS 2010-02-17 1,922 632 S/L 39.0000 50      
SIDEWALK AND STEPS 2020-09-29 4,250 4,250 S/L 15.0000        
SOIL-SAND LABOR 2003-06-09 840 840 S/L 15.0000        
SOLAR EDUCATIONAL DISPLAYS 2008-12-10 9,578 4,351 S/L 31.0000 309      
SOLAR MONITORING EQUIP 2009-01-21 2,437 1,094 S/L 31.0000 78      
SOLAR WATER HEATING SYSTEM 2007-10-15 22,100 10,917 S/L 31.5000 702      
STONE PAVING DRIVE 2002-06-28 2,629 2,629 S/L 15.0000        
STORYWALK ALUMINUM FRAME FOR PANEL 2020-12-18 6,011 6,011 S/L 15.0000        
SURFACING 1994-06-01 6,001 6,001 S/L 15.0000        
TEA HOUSE 2005-03-02 431 431 200DB 7.0000        
TELEPHONE SYSTEM 1997-02-24 5,775 5,775 S/L 7.0000        
TOPSOIL & BOULDERS 2003-11-01 320              
TRANE FURNACE, AC, HEAT PUMP, THERMOSTAT 2015-11-25 20,275 3,704 200DB 10.0000 12,854      
TREEHOUSE 2003-06-04 1,689 1,689 S/L 15.0000        
UPGRADE WATERLINES 2008-06-18 7,679 7,423 S/L 15.0000 256      
UPHOLSTERY OF HOUSE FURNITURE 2017-08-07 3,047 2,358 S/L 7.0000 435      
UTILITY CART 2014-01-08 6,200 6,200 S/L 5.0000        
VIENNA ROUND TABLE(2) 2006-03-15 298 298 200DB 7.0000        
WALK & STEPS 1995-01-11 952 952 S/L 10.0000        
WATER FEATURE 2003-09-23 6,483 6,483 S/L 15.0000        
WEB SITE DEVELOPMENT 2004-05-14 660 660 S/L 3.0000        
WIDEN CIRCLE DRIVE 2014-11-26 580 313 S/L 15.0000 38      
WINDOW REPLACEMENT 1999-07-07 629 379 S/L 39.0000 16      
WINDOW REPLACEMENT 2016-09-21 7,441 1,200 S/L 14.0000 2,842      
WINDOWS/GATE 1991-07-01 8,540 8,528 S/L 31.5000 12      
WOOD KILN 2010-06-30 6,409 2,054 S/L 10.0000 4,355      
WORKMASTER 25 TRACTOR 2020-08-21 18,750 18,750 200DB 7.0000        
POND REPLACEMENT 2021-12-20 16,275 16,275 150DB 15.0000        
BASEMENT REPAIR - COTTAGE 2021-07-12 12,600 600 S/L 31.5000 400      
PROJECTS IN PROCESS - IMPROVEMENTS 2022-01-01 7,917 195 S/L 39.0000 203      
WEBSITE UPDATE - EVERWILD 2022-06-06 39,975 7,773   3.0000 13,325      
FURNACE/AC UPGRADE 2022-05-23 25,760 413 200DB 10.0000 3,880      
FINAL WELCOME CENTER 2022-12-31 6,433 7 S/L 39.0000 165      
FURNACES 2023-12-01 30,300   S/L 10.0000 253      
EMERGENCY FURNACE REPAIR 2023-12-01 8,983   S/L 10.0000 75      
COURTYARD IMPROVEMENTS 2023-12-01 208,214   S/L 15.0000 1,157      
NEW FENCE 2023-12-01 19,250   S/L 15.0000 107      
NEW SIDEWALK 2023-12-01 6,525   S/L 15.0000 36      

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TY 2023 GainLossSaleOtherAssetsSch
Name:
577 FOUNDATION
EIN:
34-1591869
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
DISPOSAL OF OLD ASSETS   PURCHASE 2023-12     219,029     -16,939 202,090

TY 2023 InvestmentsCorpStockSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITIES AND BOND MUTUAL FUNDS 662,009 662,009

TY 2023 LandEtcSchedule2
Name:
577 FOUNDATION
EIN:
34-1591869
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING AND EQUIPMENT 4,027,314 2,817,032 1,210,282 1,474,013
LAND 263,731   263,731  


TY 2023 LegalFeesSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  6,416     6,416


TY 2023 MortgagesAndNotesPayableSch
Name:
577 FOUNDATION
EIN:
34-1591869
Total Mortgage Amount:  

Item No. 1
Lender's Name NOTE - TOLEDO COMMUNITY FOUNDATION
Lender's Title  
Relationship to Insider  
Original Amount of Loan 501,755
Balance Due 141,206
Date of Note 2012-07
Maturity Date 2027-12
Repayment Terms 36,188 ANNUAL PAYMENT
Interest Rate 0.0100
Security Provided by Borrower REAL ESTATE
Purpose of Loan PURCHASE OF PROPERTY
Description of Lender Consideration  
Consideration FMV  


TY 2023 OtherAssetsSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSITS 781 781 781


TY 2023 OtherExpensesSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
REPAIRS & MAINTENANCE 34,998 34,998 34,998  
GARDEN SUPPLIES 9,769   9,769  
INSURANCE 29,264   29,264  
OFFICE SUPPLIES 6,323     6,323
TELEPHONE 3,548     3,548
TRUCK EXPENSE 1,523     1,523
PROMOTIONS 4,263     4,263
DUES & SUBSCRIPTIONS 1,020     1,020
MISCELLANEOUS -4,901      
CLASS EXPENSE 58,403   58,403  
POTTERY SUPPLIES 14,705   14,705  
PRINTING 10,105     10,105
EDUCATION/WORKSHOP 3,060   3,060  
BANK CHARGES 5,551   5,551  
TECHNOLOGY 16,607   16,607  
EQUIPMENT 4,544     4,544
CLASS WAIVERS 1,263   1,263  
BOOK CENTER DONATIONS 7,237     7,237
STATE FILING FEES 200   200  
CAMPAIGN PREP 121     121
DONOR CULTIVATION - ENTERTAIN 245     245
VOLUNTEER ENRICHMENT 797     797
DESIGNATED DONATIONS 1,745     1,745
DISCOUNTS -7      
LOSS ON SALE OF ASSETS 100      


TY 2023 OtherIncomeSchedule2
Name:
577 FOUNDATION
EIN:
34-1591869
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PROGRAM FEES 242,875   242,875
MISC INCOME 50   50
UNREALIZED GAIN 33,949   33,949


TY 2023 OtherLiabilitiesSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Description Beginning of Year - Book Value End of Year - Book Value
DEPOSIT HELD 2,500 2,500
GIFT CERTIFICATES 1,858 4,235
SALES TAX PAYABLE 47 257
WITHHELD 401K DEDUCTION   -307
WATERFORD VISA 5960   1,000
WATERFORD VISA 5169   561
WATERFORD VISA 9955   2,013


TY 2023 OtherProfessionalFeesSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PENSION ADMINISTRATION 10,595     10,595


TY 2023 TaxesSchedule
Name:
577 FOUNDATION
EIN:
34-1591869
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REAL ESTATE TAX 12,131 12,131 12,131