Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
The Tapeats Fund
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

76-0412011
B Telephone number (see instructions)

(800) 839-1754
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$17,293,851J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 16,919 16,919  
4 Dividends and interest from securities... 673,752 673,752  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 881,806
b Gross sales price for all assets on line 6a 4,951,278
7 Capital gain net income (from Part IV, line 2)... 881,806
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
108,748 36,615  
12 Total. Add lines 1 through 11........ 1,681,225 1,609,092  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
90,890 74,086   16,804
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
29,853 1,353    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 31,611     31,611
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
129,919 51,449   77,695
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 282,273 126,888   126,110
25 Contributions, gifts, grants paid....... 755,000 755,000
26 Total expenses and disbursements. Add lines 24 and 25 1,037,273 126,888   881,110
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 643,952
b Net investment income (if negative, enter -0-) 1,482,204
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 470,342 1,007,311 1,007,311
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,399,567 Click to see attachment
List of Attached Documents:
// Content
1,929,881 		1,802,621
b Investments—corporate stock (attach schedule)....... 11,835,164 Click to see attachment
List of Attached Documents:
// Content
10,946,405 		10,855,158
c Investments—corporate bonds (attach schedule)....... 901,577 Click to see attachment
List of Attached Documents:
// Content
876,919 		808,704
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).......... 2,074,887 Click to see attachment
List of Attached Documents:
// Content
2,564,973 		2,820,057
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,681,537 17,325,489 17,293,851
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
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 16,681,537 17,325,489
29 Total net assets or fund balances (see instructions)..... 16,681,537 17,325,489
30 Total liabilities and net assets/fund balances (see instructions). 16,681,537 17,325,489
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
16,681,537
2
Enter amount from Part I, line 27a .....................
2
643,952
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
17,325,489
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
17,325,489
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c PINEHURST INSTITUTIONAL LTD P 2017-05-23 2022-06-22
d DISTRIBUTION IN EXCESS OF BASIS      
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 4,937,782   4,573,514 364,268
b       247,627
c 13,496     13,496
d       256,415
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       364,268
b        
c       13,496
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 2 881,806
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 20,603
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 20,603
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 20,603
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 13,390
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,400
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 1345 7 17,135
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 7
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 3,475
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 2023 estimated taxright arrow   Refundedright arrow 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrown/a
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
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 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Margaret Borho Executive Dir, Sec
20.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
David R Graham Trustee
0.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Laurel A Graham Executive VP, Trustee
0.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Robert H Graham Pres, Treas, Trustee
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Spencer R Graham Trustee
0.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Whitney G Mixon Trustee
0.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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 (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
CIBC Private Wealth Management INVESTMENT MGMT 74,086
1177 AVENUE OF THE AMERICAS
NEW YORK,NY10036
Foundation Source Administrative 75,919
55 Walls Drive 3rd Fl
Fairfield,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
14,333,082
b
Average of monthly cash balances.......................
1b
1,221,747
c
Fair market value of all other assets (see instructions)................
1c
2,778,802
d
Total (add lines 1a, b, and c).........................
1d
18,333,631
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
0
3
Subtract line 2 from line 1d.........................
3
18,333,631
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
275,004
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
18,058,627
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
902,931
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
902,931
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
20,603
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
12,620
c
Add lines 2a and 2b............................
2c
33,223
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
869,708
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
869,708
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
869,708
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
881,110
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) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
881,110
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 869,708
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 304,958
b Total for prior years:2020, 2019, 2018  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 881,110
a Applied to 2021, but not more than line 2a 304,958
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount..... 576,152
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		293,556
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022.... 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
Laurel A Graham
Robert H Graham
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GRANT APPS TO MARGARET BORHO
55 WALLS DRIVE 3RD FLOOR
fairfield,CT06824
(800) 839-1754
bThe form in which applications should be submitted and information and materials they should include:
FSREQUESTS.COM/TAPEATS
cAny submission deadlines:
FSREQUESTS.COM/TAPEATS
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
FSREQUESTS.COM/TAPEATS
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALLIANCE FOR CHOICE IN EDUCATION

5251 DTC PKWY STE 1150
GREENWOOD VILLAGE,CO80111 		N/A PC ACE Houston K-12 Scholarship Fund 7,500

BAYOU PRESERVATION ASSOCIATION INC

2339 COMMERCE ST 163
HOUSTON,TX77002 		N/A PC Operating Support 2,500

BOS PLACE

10050 BUFFALO SPEEDWAY
HOUSTON,TX77054 		N/A PC General Operating Funds 10,000

BREAKTHROUGH HOUSTON

2401 CLAREMONT LN
HOUSTON,TX77019 		N/A PC General & Unrestricted 15,000

BRIDGEYEAR

3414 EASTSIDE ST
HOUSTON,TX77098 		N/A PC General & Unrestricted 5,000

BUFFALO BAYOU PARTNERSHIP

1019 COMMERCE ST SUITE 200
HOUSTON,TX77002 		N/A PC General Operating Support 5,000

BURN PITS 360

201 N 4TH ST
ROBSTOWN,TX78380 		N/A PC General & Unrestricted 10,000

CAMP ARANZAZU INC

5420 FM 1781
ROCKPORT,TX78382 		N/A PC Underwriting for Campers with Special Needs and Chronic illness 5,000

CAMP FOR ALL FOUNDATION

3701 KIRBY DR STE 570
HOUSTON,TX77098 		N/A PC Equestrian Program 5,000

CASA DE ESPERANZA DE LOS NINOS INCORPORATED

PO BOX 301209
HOUSTON,TX77230 		N/A PC Residential Program 5,000

CENTRAL TEXAS FOOD BANK INC

6500 METROPOLIS DR
AUSTIN,TX78744 		N/A PC General & Unrestricted 6,000

CHILDRENS MUSEUM INC

1500 BINZ ST
HOUSTON,TX77004 		N/A PC Open Doors Program Fund 5,000

CHINQUAPIN PREPARATORY SCHOOL

2615 E WALLISVILLE RD
HIGHLANDS,TX77562 		N/A PC General & Unrestricted 12,500

COLLABORATIVE FOR CHILDREN

1111 N LOOP W STE 600
HOUSTON,TX77008 		N/A PC General & Unrestricted 7,500

COVENANT HOUSE TEXAS

1111 LOVETT BLVD
HOUSTON,TX77006 		N/A PC Safe Haven Emergency Shelter 5,000

CRISTO REY JESUIT HIGH SCHOOL OF HOUSTON INC

6700 MOUNT CARMEL ST
HOUSTON,TX77087 		N/A PC General & Unrestricted 5,000

DAYNAS FOOTPRINT

6569 RYEWORTH DR
FRISCO,TX75035 		N/A PC General & Unrestricted 10,000

DRESS FOR SUCCESS HOUSTON

3310 EASTSIDE ST
HOUSTON,TX77098 		N/A PC Thumbs Up Program 5,000

EMERGE FELLOWSHIP

11251 NW FWY STE 330
HOUSTON,TX77092 		N/A PC General operating support for EMERGE's innovative high school fellowship and college success programs 7,500

FISHER HOUSE FRIENDS OF HOUSTON

8118 MEGAN PL DR
HOUSTON,TX77095 		N/A PC General & Unrestricted 2,500

FOUNDATION FOR TEEN HEALTH

2726 BISSONNET ST STE 240 168
HOUSTON,TX77005 		N/A PC General & Unrestricted 5,000

FUELED SCHOOLS INC

4201 MAIN ST STE 200 165
HOUSTON,TX77002 		N/A PC FuelEd Educator Training and Community Support 5,000

GALVESTON BAY FOUNDATION

1725 HWY 146
KEMAH,TX77565 		N/A PC General & Unrestricted 2,500

GEORGETOWN PROJECT

PO BOX 957
GEORGETOWN,TX78627 		N/A PC General & Unrestricted 5,500

GOOD REASON HOUSTON INC

8 GREENWAY PLZ STE 900
HOUSTON,TX77046 		N/A PC General & Unrestricted 10,000

GULF COAST BIRD OBSERVATORY INC

299 HWY 332 W
LAKE JACKSON,TX77566 		N/A PC SPLASH project 2,000

HARD TO LOVE

4716 SE 4TH ST UNIT 5
DES MOINES,IA50315 		N/A PC General & Unrestricted 4,000

HEIFER PROJECT INTERNATIONAL

PO BOX 8058
LITTLE ROCK,AR72203 		N/A PC General & Unrestricted 2,000

HOUSTON FOOD BANK

535 PORTWALL ST
HOUSTON,TX77029 		N/A PC General Operating Support 10,000

HOUSTON HABITAT FOR HUMANITY INC

3750 N MCCARTY ST
HOUSTON,TX77029 		N/A PC General & Unrestricted 5,000

HOUSTON MUSEUM OF NATURAL SCIENCE

5555 HERMANN PARK DR
HOUSTON,TX77030 		N/A PC General & Unrestricted 5,000

HOUSTON PARKS BOARD

300 N POST OAK LN
HOUSTON,TX77024 		N/A PC Houston Parks Board Mission Support 5,000

HOUSTON WILDERNESS INC

1334 BRITTMOORE RD STE 2804
HOUSTON,TX77043 		N/A PC General & Unrestricted 5,000

HOUSTON ZOO INC

1513 CAMBRIDGE ST
HOUSTON,TX77030 		N/A PC Veterinary Services for Wildlife in Rwanda 50,000

KIPP TEXAS INC

10711 KIPP WAY DR
HOUSTON,TX77099 		N/A PC KIPP Forward 10,000

LONE STAR FLIGHT MUSEUM

11551 AEROSPACE AVE
HOUSTON,TX77034 		N/A PC Girls in Aviation 5,000

MARBRIDGE FOUNDATION INC

PO BOX 2250
MANCHACA,TX78652 		N/A PC Benevolent Care 10,000

MEDICAL BRIDGES INC

2706 MAGNET ST
HOUSTON,TX77054 		N/A PC General & Unrestricted 5,000

MERCURY ONE INC

PO BOX 140489
IRVING,TX75014 		N/A PC The Nazarene Fund 10,000

MGVP INC

PO BOX 356
DAVIS,CA95617 		N/A PC Gorilla Doctors 25,000

MOBILE LOAVES & FISHES INC

9301 HOG EYE RD UNIT 950
AUSTIN,TX78724 		N/A PC Community First! Village 6,000

MOMENTUM EDUCATION

5110 PINE ST
BELLAIRE,TX77401 		N/A PC High School Mentorship Program 10,000

MONTANA LAND RELIANCE

PO BOX 355
HELENA,MT59624 		N/A PC Project and Stewardship in the Madison Valley 5,000

MOTORCYCLE MISSIONS

2001 PARKER LN APT 127
AUSTIN,TX78741 		N/A PC General & Unrestricted 8,000

NORAS GIFT FOUNDATION INC

8300 EL RIO ST
HOUSTON,TX77054 		N/A PC General & Unrestricted 5,000

OPEN DOOR MISSION

PO BOX 9356
HOUSTON,TX77261 		N/A PC General & Unrestricted 2,500

OURTOWN

1119 S MISSION RD 310
FALLBROOK,CA92028 		N/A PC General & Unrestricted 10,000

PARKS AND WILDLIFE FOUNDATION OF TEXAS INC

2914 SWISS AVE
DALLAS,TX75204 		N/A PC General & Unrestricted 5,000

PATHWAYS FOR LITTLE FEET

9 GREENWAY PLZ STE 3150
HOUSTON,TX77046 		N/A PC Post Adoption Support 5,000

PATRIOT PAWS SERVICE DOGS

254 RANCH TRL
ROCKWALL,TX75032 		N/A PC General & Unrestricted 5,000

PEREGRINE FUND INC

5668 W FLYING HAWK LN
BOISE,ID83709 		N/A PC General & Unrestricted 35,500

POSITIVE COACHING ALLIANCE

66 FRANKLIN ST STE 300
OAKLAND,CA94607 		N/A PC PCA - Central Texas chapter 10,000

POSITIVE COACHING ALLIANCE

66 FRANKLIN ST STE 300
OAKLAND,CA94607 		N/A PC PCA-Houston chapter 10,000

PRISON ENTREPRENEURSHIP PROGRAM

6501 NAVIGATION BLVD STE H7
HOUSTON,TX77011 		N/A PC Workforce Training and Entrepreneurship Development for returning citizens 20,000

PRO-VISION INC

2656 S LOOP W
HOUSTON,TX77054 		N/A PC General & Unrestricted 5,000

PROJECT GRAD HOUSTON

2950 BROADWAY ST
HOUSTON,TX77017 		N/A PC Project GRAD Houston-College Access and Success Programming 5,000

PTSD FOUNDATION OF AMERICA

9724 DERRINGTON RD
HOUSTON,TX77064 		N/A PC Camp Hope 5,000

RANCH HANDS RESCUE

8827 HWY 377 SOUTH
ARGYLE,TX76226 		N/A PC Bob's House of Hope 7,000

RANCH HANDS RESCUE

8827 HWY 377 SOUTH
ARGYLE,TX76226 		N/A PC General operations and the care and feeding of the therapy animals that are incorporated into our EAAC Counseling Program 25,000

SCENIC TEXAS INC

PO BOX 6446
AUSTIN,TX78762 		N/A PC Placemaking Assessment & Education Programs 2,500

SLEEP IN HEAVENLY PEACE INC

PO BOX 3373
NAMPA,ID83653 		N/A PC Fort Worth, TX chapter 6,500

SMALL STEPS NURTURING CENTER

2902 JENSEN DR
HOUSTON,TX77026 		N/A PC Scholarship Society 5,000

SPARK

PO BOX 1562
HOUSTON,TX77251 		N/A PC Park Construction 2,500

STUDENT CONSERVATION ASSOCIATION INC

689 RIVER RD
CHARLESTOWN,NH03603 		N/A PC SCA Houston Community Programs 5,000

TEACH FOR AMERICA - HOUSTON

2 GREENWAY PLZ 500
HOUSTON,TX77046 		N/A PC General & Unrestricted 20,000

TEAM RUBICON

5230 PACIFIC CONCOURSE DR STE 200
LOS ANGELES,CA90045 		N/A PC General & Unrestricted 5,000

THE BROOKWOOD COMMUNITY INC

1752 FM 1489
BROOKSHIRE,TX77423 		N/A PC Operating Support 5,000

THE POSSE FOUNDATION INC

14 WALL ST STE 8A60
NEW YORK,NY10005 		N/A PC Posse Foundation - Houston 5,000

THE UNIVERSITY OF TEXAS AT AUSTIN

PO BOX 7458
AUSTIN,TX78713 		N/A GOV College of Fine Arts 10,000

THREAD ALLIANCE

121 N POST OAK LN
HOUSTON,TX77024 		N/A PC General & Unrestricted 5,000

TREES FOR HOUSTON

PO BOX 270477
HOUSTON,TX77277 		N/A PC General & Unrestricted 2,500

UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC

12424 RESEARCH PKWY STE 250
ORLANDO,FL32826 		N/A PC Limbitless Solutions, Inc. 5,000

URBAN HARVEST INC

3302 CANAL ST 73
HOUSTON,TX77003 		N/A PC General & Unrestricted 2,500

W OSCAR NEUHAUS MEMORIAL FOUNDATION

4433 BISSONNET ST
BELLAIRE,TX77401 		N/A PC Teacher Professional Learning Program 5,000

WARRIORS & QUIET WATERS FOUNDATION

351 EVERGREEN DR STE A
BOZEMAN,MT59715 		N/A PC General & Unrestricted 5,000

WILD SKIES RAPTOR CENTER

33634 SPIRIT TRL
BONNER,MT59823 		N/A PC Rescue, rehabilitate, release, and educate. 10,000

WILDLIFE CONSERVATION NETWORK INC

209 MISSISSIPPI ST
SAN FRANCISCO,CA94107 		N/A PC Painted Dog Conservation, Cheetah Conservation Botswana, Somali Giraffe Conservation, Ethiopian Wolf Conservation Program, Niassa Lion Project, Siberian Tiger (Tigris), Pangolin Crisis Fund 130,000

WOODS PROJECT INC

2700 SW FWY STE B
HOUSTON,TX77098 		N/A PC General & Unrestricted 7,500

YELLOWSTONE ACADEMY INC

3000 TRULLEY ST
HOUSTON,TX77004 		N/A PC General & Unrestricted 5,000

YES PREP PUBLIC SCHOOLS INC

5455 S LOOP EAST FWY
HOUSTON,TX77033 		N/A PC YES Prep is Leading Houston Forward 10,000
Total .................................right arrow 3a 755,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 16,919  
4 Dividends and interest from securities ....     14 673,752  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 881,806  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -18,061 14 36,615  
bFederal Tax Refund     01 3,693  
cSEC 751 GAIN FROM PTSHP 525990 86,501      
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 68,440 1,612,785  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,681,225
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  
Part VI Line 7 - Tax Paid with the Original Return: 1,345


Form 990PF - Special Condition Description:
Special Condition Description

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

TY 2022 DepreciationSchedule
Name:
The Tapeats Fund
EIN:
76-0412011
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

TY 2022 InvestmentsCorpBondsSchedule
Name:
The Tapeats Fund
EIN:
76-0412011
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBOTT LABS BOND - 3.750% - 11 74,406 73,102
CINTAS CORP - 3.700% - 04/01/2 106,315 96,535
CISCO SYSTEMS INC - 3.625% - 0 103,130 98,650
DEERE JOHN CAP CORP - 2.800% - 20,126 19,977
DISNEY WALT CO NOTE - 3.800% - 97,989 93,144
ELECTRONIC ARTS INC NOTE - 4.8 105,453 89,798
MORGAN STANLEY - 3.125% - 01/2 52,974 49,954
PFIZER INC NT - 3.400% - 05/15 100,397 98,219
STRYKER CORP - 3.375% - 11/01/ 82,068 77,498
UNITED PARCEL SERVICE - 3.400% 134,061 111,827

TY 2022 InvestmentsCorpStockSchedule
Name:
The Tapeats Fund
EIN:
76-0412011
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 48,308 57,420
ADOBE SYSTEMS, INC 61,197 49,133
AIA GROUP LTD ADR 14,801 15,906
AIRBUS GROUP 9,428 8,305
ALCON INC 10,005 10,899
ALIBABA GROUP HOLDING LTD 29,313 12,861
ALPHABET INC CL A 112,581 98,818
ALPHABET INC CL C 90,565 118,898
AMADEUS IT HLDS SA 12,283 11,415
AMAZON COM 236,615 157,920
AMERICAN TOWER REIT INC 54,048 45,974
AMERICAN WATER WORKS COMPANY I 13,191 16,157
ANALOG DEVICES INC 42,584 60,527
APPLE INC 80,658 129,410
ASML HOLDING NV NY REG SHS 9,335 9,289
ASSA ABLOY UNSP/ADR 9,373 8,731
ASTRAZENECA 90,028 98,852
AUTOMATIC DATA PROCESSING INC 22,865 36,068
BAE SYSTEMS PLC 9,267 15,300
BANCO SANTANDER CEN 12,587 12,095
BHP BILLITON LIMITED 14,641 13,031
BLACKROCK INC 32,378 42,518
BROOKFIELD CORP ORD SHS CL A 7,358 8,117
CANADIAN NATL RAILWAY CO 8,360 9,629
CHARLES SCHWAB CORP 70,184 105,157
CHEVRON CORP 32,254 57,796
CHUBB LIMITED 7,163 11,912
CISCO SYSTEMS INC 75,247 80,464
CME GROUP, INC 31,174 26,569
COMPASS GROUP PLC ADR 11,202 12,961
CONOCOPHILLIPS 36,744 45,312
COSTCO WHOLESALE CORPORATION 40,631 45,194
DAIKIN INDS LTD ADR 10,783 8,477
DANAHER CORP 61,195 90,774
DBS GROUP HLDGS SPON ADR 11,043 15,712
DIAGEO PLC ADS 9,512 11,226
DOLLAR GENERAL CORP 48,552 58,361
EQUINOR ASA 6,102 11,137
EURONET WORLDWIDE INC 11,999 8,305
FANUC LIMITED UNSPONSORED 15,263 10,587
FERRARI NV 5,670 6,641
FIDELITY NATIONAL INFORMATION 73,679 36,571
FISERV INC 53,707 50,737
FOMENTO ECONOMICO MEXICANO 4,889 6,562
HDFC BANK LTD ADR 20,025 17,171
HEIDELBERGCEMENT AG UNSPONSORE 7,795 7,890
HEXAGON 6,469 6,194
HOME DEPOT INC 73,610 94,126
HONEYWELL INTL 86,098 109,936
ICON PLC - AMERICAN DEPOSITARY 10,364 10,490
INTERCONTINENTAL EXCHANGE, INC 38,226 40,626
INTERCONTINENTAL HOTELS GROUP 10,413 10,676
IQVIA HOLDINGS INC 47,158 42,412
JOHN HANCOCK FDS III DISCIPLIN 1,293,974 1,542,948
JP MORGAN CHASE 41,734 55,249
JPMORGAN EQUITY PREMIUM INCO 1,529,091 1,461,803
JULIUS BAER GROUP LTD 9,271 11,063
L'AIR LIQUIDE ADR OTC 13,048 13,178
LINDE PLC COM 48,831 69,476
LLOYDS BANKING GROUP PLC 11,129 14,980
LONDON STK EXCHANGE GROUP 13,135 9,922
LVMH MOET HENN UNSP 8,339 11,445
MARTIN MARIETTA MATLS INC 59,784 56,779
MATTHEWS PACIFIC TIGER FUND I 1,547,157 1,120,734
MERCADOLIBRE, INC 11,962 8,462
MICROSOFT CORP 201,379 268,598
MONDELEZ INTERNATIONAL INC 51,238 62,251
NEXTERA ENERGY, INC 85,275 108,346
NIDEC CORPORATION ADR 12,417 5,976
NOVARTIS AG ADR 11,215 12,338
OTIS WORLDWIDE CORP 44,615 58,811
PEPSICO INC 41,269 57,089
PIMCO COMMODITY REAL RETURN ST 1,290,259 991,258
PIONEER NAT RES CO 49,120 88,387
PNC FINANCIAL GROUP INC 55,046 62,860
PROLOGIS 37,196 38,328
QUALCOMM INC 34,935 46,285
RAYTHEON TECHNOLOGIES CORP 74,597 102,333
RITCHIE BROS AUCTIONEERS 10,361 10,005
ROPER INDUSTRIES 68,457 71,295
S&P GLOBAL INC COM 79,327 75,696
SALESFORCE.COM 88,662 60,063
SHELL ADR EACH REPRESENTING 2 5,773 13,212
SIEMENS AG 10,801 10,594
SONY CORP ADR - OLD 10,062 9,154
STRYKER CORPORATION 53,278 64,790
SVB FINANCIAL GROUP 57,454 27,387
SYMRISE AG UNSPONSORED 13,222 10,874
SYSMEX CORP UNSP ASDR 12,302 7,575
T-MOBILE US INC 59,234 78,540
TAIWAN SEMICONDUCTOR MFG CO LT 13,751 7,747
TE CONNECTIVITY LTD 63,128 54,989
TENCENT HOLDINGS LIMITED 28,299 14,318
THE BLACKSTONE GROUP INC CL A 48,351 58,536
THERMO FISHER SCIENTIFIC INC 45,959 72,691
TJX COMPANIES INC 44,337 61,053
TOKIO MARINE HOLDINGS INC 6,114 8,293
TOYOTA MTR CORP 14,525 11,336
TWEEDY BROWNE GLOBAL VALUE FUN 618,312 587,220
UNION PACIFIC 56,788 61,293
UNITEDHEALTH GROUP INC 83,311 152,692
US BANCORP 53,012 54,207
VERSUS CAPITAL REAL ASSETS FUN 597,734 648,116
VESTAS WIND SYS UNSP/ADR 10,081 8,400
VISA INC 136,926 147,302
WALT DISNEY HOLDINGS CO 65,501 39,791
WOODSIDE ENERGY GROUP 5,365 5,423
YUM CHINA HOLDINGS INC 13,924 13,772
ZOETIS INC 47,118 42,646

TY 2022 InvestmentsGovtObligationsSch
Name:
The Tapeats Fund
EIN:
76-0412011
US Government Securities - End of Year Book Value:

1,929,881
US Government Securities - End of Year Fair Market Value:

1,802,621
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2022 InvestmentsOtherSchedule2
Name:
The Tapeats Fund
EIN:
76-0412011
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AP ENERGY INFRASTRUCTURE FND L   887,632 1,342,114
ATLAS POINT GLOBAL MULTI STRAT   1,250,000 1,047,754
COUGAR INVESTMENT FUND LLC.   427,341 430,189

TY 2022 OtherExpensesSchedule
Name:
The Tapeats Fund
EIN:
76-0412011
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 75,919     75,919
Bank Charges 521 521    
Indemnification Insurance 1,776     1,776
K-1 Exp AP ENERGY INFRASTRUCTU 49,632 48,857    
K-1 Exp COUGAR INVESTMENT FUND 2,071 2,071    


TY 2022 OtherIncomeSchedule2
Name:
The Tapeats Fund
EIN:
76-0412011
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss AP ENERGY INFRASTRUCTURE FND LLC 12,355 30,416  
K-1 Inc/Loss COUGAR INVESTMENT FUND LLC. 6,199 6,199  
SEC 751 GAIN AP ENERGY INFRASTRUCTURE 86,501    
Federal Tax Refund 3,693    


TY 2022 OtherProfessionalFeesSchedule
Name:
The Tapeats Fund
EIN:
76-0412011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 74,086 74,086    
PROFESSIONAL MGMT SERVICES 16,804     16,804


TY 2022 TaxesSchedule
Name:
The Tapeats Fund
EIN:
76-0412011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2022 13,200      
990-PF Extension for 2021 4,800      
990-T Extension for 2021 10,500      
Foreign Tax Paid 1,353 1,353