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
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$17,978,593J 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 40,075 40,075  
4 Dividends and interest from securities... 392,578 392,578  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -409,098
b Gross sales price for all assets on line 6a 3,440,890
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
102,111 51,545  
12 Total. Add lines 1 through 11........ 125,666 484,198  
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
75,902 59,143   16,759
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
21,939 2,294    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 21,558     21,558
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
110,680 31,576   78,773
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 230,079 93,013   117,090
25 Contributions, gifts, grants paid....... 827,500 827,500
26 Total expenses and disbursements. Add lines 24 and 25 1,057,579 93,013   944,590
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -931,913
b Net investment income (if negative, enter -0-) 391,185
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,007,311 747,309 747,309
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) 1,929,881 Click to see attachment
List of Attached Documents:
// Content
1,682,969 		1,604,376
b Investments—corporate stock (attach schedule)....... 10,946,405 Click to see attachment
List of Attached Documents:
// Content
10,173,339 		11,521,261
c Investments—corporate bonds (attach schedule)....... 876,919 Click to see attachment
List of Attached Documents:
// Content
1,161,612 		1,112,011
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).......... 2,564,973 Click to see attachment
List of Attached Documents:
// Content
2,628,347 		2,993,636
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) 17,325,489 16,393,576 17,978,593
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 17,325,489 16,393,576
29 Total net assets or fund balances (see instructions)..... 17,325,489 16,393,576
30 Total liabilities and net assets/fund balances (see instructions). 17,325,489 16,393,576
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
17,325,489
2
Enter amount from Part I, line 27a .....................
2
-931,913
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
16,393,576
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
16,393,576
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.)
1 a Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
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 3,440,890   3,907,052 -466,162
b       57,064
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       -466,162
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 -409,098
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 5,437
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 5,437
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,437
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 8,100
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 8,100
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 2,663
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow2,663 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
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright 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 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
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 (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
CIBC Private Wealth Management Investment Mgmt 59,143
177 Avenue of the Americas
NEW YORK,NY10036
Foundation Source Administrative 73,821
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 (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
14,017,086
b
Average of monthly cash balances.......................
1b
788,732
c
Fair market value of all other assets (see instructions)................
1c
2,993,636
d
Total (add lines 1a, b, and c).........................
1d
17,799,454
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
17,799,454
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
266,992
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
17,532,462
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
876,623
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
876,623
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,437
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
9,324
c
Add lines 2a and 2b............................
2c
14,761
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
861,862
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
861,862
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
861,862
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
944,590
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
944,590
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 7 861,862
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 293,556
b Total for prior years:2021, 2020, 2019  
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$ 944,590
a Applied to 2022, but not more than line 2a 293,556
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..... 651,034
e Remaining amount distributed out of corpus 0
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 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 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 .......... 		210,828
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 ...... 		0
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.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
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 (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

22 SHENANIGANS INC

2845 BROCE DR STE A
NORMAN,OK73072 		N/A PC General & Unrestricted 7,500

ALLIANCE FOR CHOICE IN EDUCATION

5251 DTC PKWY STE 1150
GREENWOOD VILLAGE,CO80111 		N/A PC ACE Houston K-12 Scholarship Fund 10,000

BAYOU PRESERVATION ASSOCIATION INC

2339 COMMERCE ST 163
HOUSTON,TX77002 		N/A PC General & Unrestricted 2,500

BOS PLACE

10050 BUFFALO SPEEDWAY
HOUSTON,TX77054 		N/A PC General & Unrestricted 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 & Unrestricted 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 Illnesses 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

2911 CORDER ST
HOUSTON,TX77054 		N/A PC Foster Care Program 5,000

CATHOLIC CHARITIES OF THE ARCHDIOCESE OF GALVESTON

2900 LOUISIANA ST
HOUSTON,TX77006 		N/A PC General & Unrestricted 2,500

CENTRAL TEXAS FOOD BANK INC

6500 METROPOLIS DR
AUSTIN,TX78744 		N/A PC General & Unrestricted 8,500

CHILDRENS MUSEUM INC

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

CHINQUAPIN PREPARATORY SCHOOL

2615 E WALLISVILLE RD
HIGHLANDS,TX77562 		N/A PC General & Unrestricted 15,000

COALITION FOR THE HOMELESS OF HOUSTONHARRIS COUNT

2000 CRAWFORD ST STE 700
HOUSTON,TX77002 		N/A PC General & Unrestricted 10,000

COLLABORATIVE FOR CHILDREN

2200 POST OAK BLVD
HOUSTON,TX77056 		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

DEFY VENTURES INC

PO BOX 102117
PASADENA,CA91189 		N/A PC General & Unrestricted 5,000

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 EMERGE's Strategic Growth Plan 7,500

FOUNDATION FOR TEEN HEALTH

2726 BISSONNET ST BOX 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: Creating Happier, Healthier, More Whole Schools 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

GLADNEY CENTER FOR ADOPTION

6300 JOHN RYAN DR
FORT WORTH,TX76132 		N/A PC General & Unrestricted 5,000

GOOD REASON HOUSTON INC

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

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

HERMANN PARK CONSERVANCY

1700 HERMANN DR
HOUSTON,TX77004 		N/A PC General & Unrestricted 2,500

HOUSTON FOOD BANK

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

HOUSTON HABITAT FOR HUMANITY INC

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

HOUSTON INDEPENDENT SCHOOL DISTRICT FOUNDATION

PO BOX 27904
HOUSTON,TX77227 		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 Operating Fund 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 Texas - Houston KIPP Forward Programming 10,000

LONE STAR FLIGHT MUSEUM

11551 AEROSPACE AVE
HOUSTON,TX77034 		N/A PC STEM Education Program for Underserved K-12 Students 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

MEMORIAL PARK CONSERVANCY INC

7575 N PICNIC
HOUSTON,TX77007 		N/A PC General & Unrestricted 2,500

MERCURY ONE INC

400 E ROYAL LN STE 110
IRVING,TX75039 		N/A PC The Nazarene Fund 10,000

MGVP INC

PO BOX 356
DAVIS,CA95617 		N/A PC Gorilla Doctors fund 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
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 Condors in Crisis 30,000

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

PO BOX 2767
HOUSTON,TX77252 		N/A PC Workforce Development and Entrepreneurship Program for Returning Citizens in Houston 20,000

PRO-VISION INC

2656 S LOOP W STE 650
HOUSTON,TX77054 		N/A PC General & Unrestricted 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/Care and feeding of the therapy animals in the 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 Fund 2,500

SPRINGSPIRIT INC

8526 PITNER RD
HOUSTON,TX77080 		N/A PC General & Unrestricted 5,000

STUDENT CONSERVATION ASSOCIATION INC

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

TEACH FOR AMERICA

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

TEXAS CHILDRENS HOSPITAL

1919 S BRAESWOOD BLVD STE 5214
HOUSTON,TX77030 		N/A PC Texas Children's Cancer Center 5,000

THE BROOKWOOD COMMUNITY INC

1752 FM 1489
BROOKSHIRE,TX77423 		N/A PC General & Unrestricted 5,000

THE POSSE FOUNDATION INC

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

THE UNIVERSITY OF TEXAS AT AUSTIN

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

TREES FOR HOUSTON

1911 WEST 34TH ST
HOUSTON,TX77018 		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. Fund 5,000

URBAN HARVEST INC

1911 W 34TH ST
HOUSTON,TX77018 		N/A PC Cultivating Thriving Communities Fund 2,500

W OSCAR NEUHAUS MEMORIAL FOUNDATION

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

WARRIORS & QUIET WATERS FOUNDATION

351 EVERGREEN DR STE A
BOZEMAN,MT59715 		N/A PC Program Transformation fund 5,000

WILD SKIES RAPTOR CENTER

PO BOX 3676
MISSOULA,MT59806 		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), and Pangolin Crisis Fund 130,000

WOLLY KITTEN CLUB

REGISTERED AGENTS INIC
AUSTIN,TX78731 		N/A PC General & Unrestricted 5,000

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 Yellowstone Schools 2023 Educational Operation Fund 5,000

YELLOWSTONE FOREVER

PO BOX 1857
BOZEMAN,MT59771 		N/A PC Native Fish Conservation program at Yellowstone National Park 30,000

YES PREP PUBLIC SCHOOLS INC

5455 S LOOP EAST FWY
HOUSTON,TX77033 		N/A PC YES Prep is Leading Houston Forward Fund 10,000
Total .................................right arrow 3a 827,500
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 ........... 		    14 40,075  
4 Dividends and interest from securities ....     14 392,578  
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 -409,098  
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 -6,009 14 51,545  
bSEC 751 GAIN FROM PTSHP 525990 56,575      
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 50,566 75,100  
13Total. Add line 12, columns (b), (d), and (e)..................
13
125,666
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
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

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

TY 2023 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 2023 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 73,981
CINTAS CORP - 3.700% - 04/01/2 106,315 97,769
CISCO SYSTEMS INC - 3.625% - 0 103,130 99,677
DISNEY WALT CO NOTE - 3.800% - 97,989 97,247
ELECTRONIC ARTS INC NOTE - 4.8 105,453 90,154
GOLDMAN SACHS GROUP INC NOTE - 121,905 122,452
INTEL CORP - 2.450% - 11/15/20 35,075 36,040
JPMORGAN CHASE &CO - 3.782% - 95,094 96,662
PFIZER INC NT - 3.400% - 05/15 100,397 99,281
STRYKER CORP - 3.375% - 11/01/ 82,068 77,888
UNITED PARCEL SERVICE - 3.400% 134,061 116,093
UNITEDHEALTH GROUP INC NOTE - 105,719 104,767

TY 2023 InvestmentsCorpStockSchedule
Name:
The Tapeats Fund
EIN:
76-0412011
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 53,922 61,749
ADOBE SYSTEMS, INC 45,643 63,240
AIA GROUP LTD ADR 20,276 16,572
AIRBUS GROUP 12,946 15,004
ALCON INC 13,710 16,640
ALIBABA GROUP HOLDING LTD 29,314 16,122
ALPHABET INC CL A 98,350 128,794
ALPHABET INC CL C 67,176 139,380
AMADEUS IT HLDS SA 14,586 16,723
AMAZON COM 199,181 239,609
AMERICAN TOWER REIT INC 46,038 39,290
ANALOG DEVICES INC 36,057 62,348
APPLE INC 67,782 161,148
ASML HOLDING NV NY REG SHS 13,766 18,166
ASSA ABLOY UNSP/ADR 13,356 16,350
ASTRAZENECA 100,449 105,605
AUTOMATIC DATA PROCESSING INC 19,231 29,587
BAE SYSTEMS PLC 14,364 22,780
BANCO SANTANDER CEN 20,704 24,082
BHP BILLITON LIMITED 19,000 19,673
BLACKROCK INC 28,143 41,402
BROOKFIELD CORP ORD SHS CL A 10,851 14,323
CANADIAN NATL RAILWAY CO 11,932 13,819
CHECK POINT SOFTWARE TECHNOLOG 15,663 17,724
CHENIERE ENERGY INC 13,048 15,364
CHEVRON CORP 25,834 40,124
CHUBB LIMITED 15,501 20,566
CISCO SYSTEMS INC 61,984 71,284
CME GROUP, INC 45,416 46,543
COMPASS GROUP PLC ADR 16,423 21,553
CONOCOPHILLIPS 44,740 51,999
COSTCO WHOLESALE CORPORATION 29,789 43,565
DAIKIN INDS LTD ADR 14,229 12,354
DANAHER CORP 58,074 80,044
DBS GROUP HLDGS SPON ADR 16,869 20,657
DIAGEO PLC ADS 13,595 12,381
EDWARDS LIFESCIENCES 34,050 38,354
EQUINOR ASA 10,131 13,510
EURONET WORLDWIDE INC 12,721 10,352
FANUC LIMITED UNSPONSORED 19,559 14,279
FERRARI NV 8,413 12,860
FIDELITY NATIONAL INFORMATION 62,446 27,032
FISERV INC 44,836 56,058
FOMENTO ECONOMICO MEXICANO 7,616 13,426
HDFC BANK LTD ADR 26,500 23,489
HEIDELBERGCEMENT AG UNSPONSORE 11,638 16,956
HOME DEPOT INC 73,088 98,074
HONEYWELL INTL 71,442 90,385
ICON PLC - AMERICAN DEPOSITARY 15,755 21,513
INTERCONTINENTAL EXCHANGE, INC 49,353 64,343
INTERCONTINENTAL HOTELS GROUP 16,000 23,433
IQVIA HOLDINGS INC 51,400 53,680
JOHN HANCOCK FDS III DISCIPLIN 1,483,370 1,926,403
JP MORGAN CHASE 35,900 59,195
JPMORGAN EQUITY PREMIUM INCO 1,767,302 1,718,784
JULIUS BAER GROUP LTD 9,697 8,619
L'AIR LIQUIDE ADR OTC 13,124 17,333
LINDE PLC COM 42,720 73,517
LLOYDS BANKING GROUP PLC 14,465 16,166
LONDON STK EXCHANGE GROUP 21,116 25,599
LVMH MOET HENN UNSP 13,196 16,570
MARTIN MARIETTA MATLS INC 39,424 56,377
MCDONALD'S CORP 39,743 42,401
MERCADOLIBRE, INC 15,696 20,430
MICROSOFT CORP 173,773 353,854
MONDELEZ INTERNATIONAL INC 34,181 43,820
NEXTERA ENERGY, INC 85,849 75,804
NIDEC CORPORATION ADR 10,055 7,948
NOVARTIS AG ADR 14,829 18,982
NVIDIA CORP 78,510 82,702
OTIS WORLDWIDE CORP 31,605 47,330
PEPSICO INC 49,345 59,954
PIMCO COMMODITY REAL RETURN ST 851,144 599,016
PIONEER NAT RES CO 39,605 73,086
PNC FINANCIAL GROUP INC 37,950 40,571
PROLOGIS 31,651 38,124
QUALCOMM INC 30,011 51,199
RAYTHEON TECHNOLOGIES CORP 41,561 50,905
RECKITT BENCKISER GROUP 11,562 11,047
ROPER INDUSTRIES 58,089 75,779
S&P GLOBAL INC COM 66,824 83,258
SALESFORCE.COM 70,828 84,994
SANDOZ GROUP AG 811 1,184
SEAFARER OVERSEAS GROWTH & INC 859,999 901,974
SHELL ADR EACH REPRESENTING 2 19,339 27,899
SHISEIDO CO LTD 9,845 6,038
SIEMENS AG 16,021 20,392
SONY GROUP CORP 14,339 15,813
STRYKER CORPORATION 26,032 36,235
SYMRISE AG UNSPONSORED 16,188 14,910
SYSMEX CORP UNSP ASDR 14,643 9,799
T-MOBILE US INC 41,786 61,406
TAIWAN SEMICONDUCTOR MFG CO LT 16,881 15,288
TE CONNECTIVITY LTD 53,271 56,481
TENCENT HOLDINGS LIMITED 31,025 16,817
THE BLACKSTONE GROUP INC CL A 33,272 69,126
THERMO FISHER SCIENTIFIC INC 38,647 58,918
TJX COMPANIES INC 28,724 45,404
TOKIO MARINE HOLDINGS INC 9,739 13,507
TOYOTA MTR CORP 17,404 20,172
TWEEDY BROWNE GLOBAL VALUE FUN 785,420 799,587
UNION PACIFIC 58,541 73,686
UNITEDHEALTH GROUP INC 71,436 127,932
US BANCORP 43,236 45,184
VERALTO CORPORATION 7,643 9,460
VERSUS CAPITAL REAL ASSETS FUN 616,004 679,018
VESTAS WIND SYS UNSP/ADR 13,212 12,819
VICI PROPERTIES INC 17,978 18,459
VISA INC 115,440 155,169
WALT DISNEY HOLDINGS CO 71,900 48,757
WEC ENERGY GROUP, INC 19,179 18,012
YUM CHINA HOLDINGS INC 19,451 14,384
ZOETIS INC 29,918 33,356

TY 2023 InvestmentsGovtObligationsSch
Name:
The Tapeats Fund
EIN:
76-0412011
US Government Securities - End of Year Book Value:

1,682,969
US Government Securities - End of Year Fair Market Value:

1,604,376
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 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   908,354 1,378,497
ATLAS POINT GLOBAL MULTI STRAT   1,250,000 1,106,364
COUGAR INVESTMENT FUND LLC.   469,993 508,775

TY 2023 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 73,821     73,821
Bank Charges 227 227    
Foundation Dues & Memberships 1,815     1,815
Indemnification Insurance 3,137     3,137
K-1 Exp AP ENERGY INFRASTRUCTU 29,805 29,474    
K-1 Exp COUGAR INVESTMENT FUND 1,875 1,875    


TY 2023 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 39,553 45,562  
SEC 751 GAIN AP ENERGY INFRASTRUCTURE 56,575    
K-1 Inc/Loss COUGAR INVESTMENT FUND LLC. 5,983 5,983  


TY 2023 OtherProfessionalFeesSchedule
Name:
The Tapeats Fund
EIN:
76-0412011
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 59,143 59,143    
PROFESSIONAL MGMT SERVICES 16,759     16,759


TY 2023 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 2023 8,100      
990-PF Excise Tax for 2022 1,345      
990-PF Extension for 2022 2,400      
990-T Extension for 2022 7,800      
Foreign Tax Paid 2,294 2,294