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
TRUE HOMES FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)2649 BREKONRIDGE CENTRE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MONROE, NC28110
A Employer identification number

82-2936594
B Telephone number (see instructions)

(980) 313-3253
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$4,599,675J 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) 765,287
2 Check right arrow.............
3 Interest on savings and temporary cash investments 123,570 123,570  
4 Dividends and interest from securities...      
5a Gross rents............ 14,633 14,633  
b Net rental income or (loss) 14,633
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
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).......      
12 Total. Add lines 1 through 11........ 903,490 138,203  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   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)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,984 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,022 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
152,730 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 161,736 0   0
25 Contributions, gifts, grants paid....... 552,615 552,615
26 Total expenses and disbursements. Add lines 24 and 25 714,351 0   552,615
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 189,139
b Net investment income (if negative, enter -0-) 138,203
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............. 1,650,283 876,846 876,846
2 Savings and temporary cash investments......... 2,515,251 3,537,842 3,537,842
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 arrow135,500
Less: allowance for doubtful accounts right arrow0 71,000 135,500 135,500
8 Inventories for sale or use.............. 49,487 49,487 49,487
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right 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) 4,286,021 4,599,675 4,599,675
Liabilities 17 Accounts payable and accrued expenses.......... 13,880 138,395
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)......... 13,880 138,395
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........... 4,272,141 4,461,280
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,272,141 4,461,280
30 Total liabilities and net assets/fund balances (see instructions). 4,286,021 4,599,675
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,272,141
2
Enter amount from Part I, line 27a .....................
2
189,139
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,461,280
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,461,280
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,921
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,921
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,921
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 12
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,933
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowSTEVE SWEETSER Telephone no.right arrow (980) 313-3253

Located atright arrow2649 BREKONRIDGE DRIVEMONROENC ZIP+4right arrow28110
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)
Yes
 
(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
Yes
 
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
G DAVID CUTHERBERSTON BOARD CHAIR
0.00 		0 0 0
2649 BREKONRIDGE CENTRE DRIVE
MONROE,NC28110
MARK W BOYCE VICE PRESIDENT/SECRETARY
0.00 		0 0 0
2649 BREKONRIDGE CENTRE DRIVE
MONROE,NC28110
DANIEL HORNER PRESIDENT
0.00 		0 0 0
2649 BREKONRIDGE CENTRE DRIVE
MONROE,NC28110
STEVE SWEETSER TREASURER
0.00 		0 0 0
2649 BREKONRIDGE CENTRE DRIVE
MONROE,NC28110
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1   0
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 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
3,900,811
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,900,811
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
3,900,811
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
58,512
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,842,299
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
192,115
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
192,115
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,921
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,921
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
190,194
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
190,194
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
190,194
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
552,615
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
552,615
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 7 190,194
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 207,117
c From 2020...... 643,781
d From 2021...... 784,435
e From 2022...... 359,583
f Total of lines 3a through e ........ 1,994,916
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 552,615
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 190,194
e Remaining amount distributed out of corpus 362,421
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,357,337
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,357,337
10 Analysis of line 9:
a Excess from 2019.... 207,117
b Excess from 2020.... 643,781
c Excess from 2021.... 784,435
d Excess from 2022.... 359,583
e Excess from 2023.... 362,421
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).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

A PHILIP RANDOLPH INSTITUTE

PO BOX 10428
RALEIGH,NC27605 		  PC GENERAL SUPPORT 1,000

AARON BUTLER MEMORIAL FOUNDATION

3118 E SHADOWBLUFF LN
EAGLE,ID83616 		  PC GENERAL SUPPORT 1,000

ADULT AND TEEN CHALLENGE OF SANDHILLS NC

444 FARM LIFE SCHOOL RD
CARTHAGE,NC28327 		  PC GENERAL SUPPORT 1,080

ALS ASSOCIATION

100 WILSON BLVD
ARLINGTON,VA22209 		  PC GENERAL SUPPORT 147

ALZHEIMER'S ASSOCIATION

225 N MICHIGAN AVE
CHICAGO,IL60601 		  PC GENERAL SUPPORT 2,000

AMERICAN BIBLE SOCIETY

PO BOX 96812
WASHINGTON,DC20090 		  PC GENERAL SUPPORT 400

AMERICAN CANCER SOCIETY

PO BOX 6704
HAGERSTOWN,MD21741 		  PC GENERAL SUPPORT 1,100

AMERICAN HEART ASSOCIATION

7272 GREENVILLE AVE
DALLAS,TX75231 		  PC GENERAL SUPPORT 896

AMERICAN LEGION POST 63

PO BOX 1056
RALEIGH,NC27216 		  PC GENERAL SUPPORT 200

AMERICAN RED CROSS

2425 PARK ROAD
CHARLOTTE,NC28203 		  PC GENERAL SUPPORT 1,680

ANIMAL ADOPTION LEAGUE

PO BOX 2453
ROCK HILL,SC29732 		  PC GENERAL SUPPORT 600

APPALACHIAN ST UNIV FOUNDATION

BOX 32064 MCKINNEY ALUMNI CTR
BOONE,NC28608 		  PC GENERAL SUPPORT 5,000

ARTS

PO BOX 32757
CHARLOTTE,NC28232 		  PC GENERAL SUPPORT 200

AUTISM SPEAKS

1060 STATE RD
PRINCETON,NJ08540 		  PC GENERAL SUPPORT 1,400

BABY BUNDLES

PO BOX 12303
CHARLOTTE,NC28220 		  PC GENERAL SUPPORT 1,000

BACKPACK WEEKEND FOOD PROGRAM

1554 UNION RD STE D
GASTONIA,NC28054 		  PC GENERAL SUPPORT 1,000

BEDS FOR KIDS

4200 REVOLUTION PARK DR
CHARLOTTE,NC29715 		  PC GENERAL SUPPORT 3,000

BELMONT ABBEY COLLEGE WRESTLING PROGRAM

100 BELMONT MOUNT HOLLY ROAD
BELMONT,NC28012 		  PC GENERAL SUPPORT 206

BETHANY'S BUTTERFLIES INC

4117 PARK RD 1183
CHARLOTTE,NC28220 		  PC GENERAL SUPPORT 200

BLACK MTN HOME FOR CHILDREN YOUTH AND FAMILIES INC

80 LAKE EDEN RD
BLACK MTN,NC28711 		  PC GENERAL SUPPORT 1,000

BRAVEWORKS

1717 CLEVELAND AVE
CHARLOTTE,NC28203 		  PC GENERAL SUPPORT 1,000

BRIGHT BLESSINGS

1153 CREWS RD STE C
MATTHEWS,NC28105 		  PC GENERAL SUPPORT 1,000

BROOKS FOUNDATION

700 NORTHBROOK DR
RALEIGH,NC27609 		  PC GENERAL SUPPORT 3,000

BUILDERS BRIDGE

2649 BRECKONRIDGE CENTRE DR
MONROE,NC28110 		  PC GENERAL SUPPORT 50,000

BUILDON

1111 SUMMER STREET STE 602A
STAMFORD,CT06905 		  PC GENERAL SUPPORT 3,000

BUNNY BUDDIES

PO BOX 131894
HOUSTON,TX77219 		  PC GENERAL SUPPORT 800

CABARRUS DREAM CENTER

280 CONCORD PARKWAY SOUTH
CONCORD,NC28027 		  PC GENERAL SUPPORT 400

CAMINO COMMUNITY DEVELOPMENT FOUND'N

133 STETSON DRIVE
CHARLOTTE,NC28262 		  PC GENERAL SUPPORT 58,150

CAMP HAPPY DAYS

933 DUPONT RD
CHARLESTON,SC29407 		  PC GENERAL SUPPORT 800

CAMP VICTORY

363 VICTORY CIRCLE
SAMSON,AL36477 		  PC GENERAL SUPPORT 400

CAROLINA FOR THE KIDS

PO BOX 628
CHAPEL HILL,NC27514 		  PC GENERAL SUPPORT 400

CAROLINA OUTPOST

459 LATIMER LN
FT MILL,SC29715 		  PC GENERAL SUPPORT 1,000

CAROLINA WATERFOWL RESCUE

PO BOX 1484
INDIAN TRAIL,NC28079 		  PC GENERAL SUPPORT 300

CE SHOP FOUNDATION

5670 GREENWOOD PLAZA BLVD STE 420
GREENWOOD VILLAGE,CO80111 		  PC GENERAL SUPPORT 1,000

CHIHUAHUA RESCUE AND TRANSPORT INC

PO BOX 2844
DURHAM,NC27715 		  PC GENERAL SUPPORT 200

CHRISTIAN SERVICES INC

1227 GREAT FALLS HWY
LANCASTER,SC29720 		  PC GENERAL SUPPORT 1,000

CITY LIGHTS MINISTRY

1600 WILLIAMSON ST
WINSTON SALEM,NC27107 		  PC GENERAL SUPPORT 200

CLEFT OUT FOUNDATIONFACE TO FACE FOUNDATION

8840 BLAKENEY PROFESSIONAL
CHARLOTTE,NC28277 		  PC GENERAL SUPPORT 200

CLOVER AREA ASSISTANCE CENTER

1130 HIGHWAY 55
E CLOVER,SC29710 		  PC GENERAL SUPPORT 1,000

COMMON HEART

PO BOX 2761
INDIAN TRAIL,NC28079 		  PC GENERAL SUPPORT 1,000

COMMUNITY SHELTER OF UNION COUNTY

160 MEADOW STREET
MONROE,NC28110 		  PC GENERAL SUPPORT 2,500

CONGREGATIONS FOR KIDS

5835 EXEC CTR DRIVE STE 100
CHARLOTTE,NC28212 		  PC GENERAL SUPPORT 103

CRISIS ASSISTANCE MINISTRY

5008 SPRATT STREET
CHARLOTTE,NC28206 		  PC GENERAL SUPPORT 200

CYSTIC FIBROSIS FOUNDATION

4550 MONTGOMERY AVE
BETHESDA,MD20814 		  PC GENERAL SUPPORT 1,410

DABI'S DAUGHTER

115 HENDERSON ST
MONROE,NC28110 		  PC GENERAL SUPPORT 1,000

DANNY DID FOUNDATION

3008 CENTRAL ST STE 203
EVANSTON,IL60201 		  PC GENERAL SUPPORT 400

DAVID RIVES MINISTRIES

PO BOX 2824
LEWISBURG,TN37091 		  PC GENERAL SUPPORT 1,000

DEFEND THE FATHERLESS

1274 LANGE CT
FORT MILL,SC29715 		  PC GENERAL SUPPORT 500

DELTA GAMMA FOUNDATION

3250 RIVERSIDE DR
COLUMBUS,OH43221 		  PC GENERAL SUPPORT 200

DONATE LIFE AMERICA

5516 FALMOUTH ST
RICHMOND,VA23230 		  PC GENERAL SUPPORT 80

DONE IN LOVE INC

309 HASSELLWOOD DR
CARY,NC27518 		  PC GENERAL SUPPORT 1,000

DORCHESTER CHILDREN'S ADVOCACY CTR

303 E RICHARDSON AVE
SUMMERVILLE,SC29483 		  PC GENERAL SUPPORT 2,000

DORCHESTER PAWS

136 FOUR PAWS LN
SUMMERVILLE,SC29483 		  PC GENERAL SUPPORT 1,000

DREAM ON 3

4311 SCHOOL HOUSE COMMONS RD
HARRISBURG,NC28075 		  PC GENERAL SUPPORT 400

DREAMKEY PARTNERS INC

4601 CHARLOTTE PARK DR STE 350
CHARLOTTE,NC28217 		  PC GENERAL SUPPORT 92,000

FEED NCMOORESVILLE SOUP KITCHEN

275 S BROAD ST
MOORESVILLE,NC28115 		  PC GENERAL SUPPORT 1,000

FLCCC ALLIANCE

2001 L STREET NW STE 500
WASHINGTON,DC20036 		  PC GENERAL SUPPORT 2,000

FOREVER DREAM SENIOR DOG SANCTUARY

PO BOX 521
TROY,NC28782 		  PC GENERAL SUPPORT 400

FORGOTTEN NOW FAMILY RESCUE CO

19905 CATAMARAN CT
CORNELIUS,NC28031 		  PC GENERAL SUPPORT 400

FORSYTH HUMANE SOCIETY

5570 STURMER PARK CIR
WINSTONWALEM,NC27105 		  PC GENERAL SUPPORT 1,000

FOSTERING HOPE

308 ELM STREET
CONWAY,SC29526 		  PC GENERAL SUPPORT 200

FOUNDATION FIGHTING BLINDNESS

6925 OAKLAND MILLS RD 701
COLUMBIA,MD21045 		  PC GENERAL SUPPORT 400

FRIENDS OF CHAR-MECK ANIMAL SERVICES

1728 LOGIE AVE
CHARLOTTE,NC28205 		  PC GENERAL SUPPORT 300

FRIENDS OF YORK CO ANIMAL SHELTER

PO BOX 304
YORK,SC29745 		  PC GENERAL SUPPORT 400

GALILEE MINISTRIES OF E CHARLOTTE

3601 CENTRAL AVE
CHARLOTTE,NC28205 		  PC GENERAL SUPPORT 1,000

GIFT OF ADOPTION THE CAROLINAS

1200 SHERMER RD STE 111
NORTHBROOK,IL60062 		  PC GENERAL SUPPORT 400

GLOBAL LYME ALLIANCE

1290 E MAIN ST 3RD FLOOR
STAMFORD,CT06902 		  PC GENERAL SUPPORT 100

GO JEN GO FOUNDATION

7804 FAIRVIEW RD 217
CHARLOTTE,NC28226 		  PC GENERAL SUPPORT 200

GOODHEART MINISTRIES

PO BOX 550
KERNERSVILLE,NC27285 		  PC GENERAL SUPPORT 3,000

GRATEFUL GOLDENS RESCUE

PO BOX 2799
MYRTLE BEACH,SC29578 		  PC GENERAL SUPPORT 80

GREENSBORO GUILFORD CRIME STOPPERS

1106 MAPEL STREET
GREENSBORO,NC27405 		  PC GENERAL SUPPORT 1,000

GROUND 40

303 DALE STREET
MONROE,NC28112 		  PC GENERAL SUPPORT 1,000

HABITAT FOR HUMANITY

2420 RALEIGH BLVD
RALEIGH,NC27604 		  PC GENERAL SUPPORT 100

HAPPY HILLS ANIMAL FOUNDATION

3143 HAPPY HILLS DR
STALEY,NC27355 		  PC GENERAL SUPPORT 400

HER HAVEN OF LIGHT

545 E MAIN ST
CLAYTON,NC27520 		  PC GENERAL SUPPORT 1,412

HOMETOWN HEROES

PO BOX 953
MONROE,NC28111 		  PC GENERAL SUPPORT 1,000

HOUSE OF PEARLS

PO BOX 516
MONROE,NC28111 		  PC GENERAL SUPPORT 2,280

HUMANE SOCIETY OF CHARLOTTE

1348 PARKER DR
CHARLOTTE,NC28208 		  PC GENERAL SUPPORT 304

HUMANE SOCIETY OF UNION CO

4015 WAXHAW HWY
MONROE,NC28112 		  PC GENERAL SUPPORT 200

IMPACT MINISTRIES OF THE TRIAD

2918 FOLIAGE LN
HIGH POINT,NC27265 		  PC GENERAL SUPPORT 1,000

IMPACT SPORTS INTERNATIONAL

PO BOX 5765
SPARTANBURG,SC29304 		  PC GENERAL SUPPORT 800

INTERNATIONAL MISSION BOARD

3806 MONUMENT AVE
RICHMOND,VA23230 		  PC GENERAL SUPPORT 1,000

JOHN M PERKINS FOUNDATION

1831 ROBINSON ST
JACKSON,MS39209 		  PC GENERAL SUPPORT 21,000

JOSH NEWMAN FOUNDATION

11820 PINE VALLEY CLUB DR
CHARLOTTE,NC28277 		  PC GENERAL SUPPORT 1,000

JOURNEY FUND CO COMMUNITY CHURCH OF MT PLEASANT

400 N MAIN ST MT
PLEASANT,SC28124 		  PC GENERAL SUPPORT 1,000

K-LOVE RADIO

5700 WEST OAKS BLVD
ROCKLIN,CA25765 		  PC GENERAL SUPPORT 1,000

LAKE NORMAN HUMANE SOCIETY

2106 CHARLOTTE HWY
MOORESVILLE,NC28117 		  PC GENERAL SUPPORT 600

LIFE HOUSE WOMENS SHELTER INC

314 N WILSON ST
ROCK HILL,CA29730 		  PC GENERAL SUPPORT 1,000

LIFELINE CHILDREN'S SERVICES

100 MISSIONARY RIDGE
BIRMINGHAM,AL35242 		  PC GENERAL SUPPORT 100

LILLY S HEART

PO BOX 246
WINGATE,NC28135 		  PC GENERAL SUPPORT 200

LOVE CHATHAM

421 N HOLLY AVE
SILER CITY,NC27344 		  PC GENERAL SUPPORT 1,102

LOVE LIFE

PO BOX 12214
CHARLOTTE,NC28220 		  PC GENERAL SUPPORT 100

LUCKY DOG ANIMAL RESCUE

5159 LEE HWY
ARLINGTON,VA22207 		  PC GENERAL SUPPORT 100

LUPUS FOUNDATION OF AMERICA

2121 K STREET NW
WASHINGTON,DC20037 		  PC GENERAL SUPPORT 200

LUTHERAN MILITARY SUPPORT GROUP

PO BOX 483
NEW ULM,MN56073 		  PC GENERAL SUPPORT 200

MAGIC FOUNDATION

4200 CANTERA DR 106
WARRENVILLE,IL60555 		  PC GENERAL SUPPORT 200

MAKE-A-WISH

217 E TREMONT AVE
CHARLOTTE,NC28203 		  PC GENERAL SUPPORT 1,615

MALARIA CONSORTIUM

655 15TH ST NW
WASHINGTON,DC20035 		  PC GENERAL SUPPORT 1,000

MATTHEWS HELP CENTER

PO BOX 91
MATTHEWS,NC28106 		  PC GENERAL SUPPORT 100

MECK INVESTMENT COMPANY (PROSPERITY ALLIANCE)

PO BOX 33324
CHARLOTTE,NC28233 		  PC GENERAL SUPPORT 1,000

MERCY HOUSE

2308 LAUREL VALLEY WAY
RALEIGH,NC27604 		  PC GENERAL SUPPORT 700

MIRAVIA

3737 WEONA AVE
CHARLOTTE,NC28209 		  PC GENERAL SUPPORT 1,000

MISSION UPRISING WELL

PO BOX 7178
FISHERS,IN46038 		  PC GENERAL SUPPORT 1,000

MMOG MINISTRIES

6111 DOWNFIELD WOOD DR
CHARLOTTE,NC28269 		  PC GENERAL SUPPORT 676

FREEDOM COMMUNITIES

3501 TUCKASEEGEE RD
CHARLOTTE,NC28208 		  PC GENERAL SUPPORT 50,000

MULTIPLE SCLEROSIS ASSOCIATION OF AMERICA

375 KINGS HIGHWAY N
CHERRY HILL,NJ08034 		  PC GENERAL SUPPORT 80

NATIONAL HOUSING ENDOWMENT

1201 15TH STREET NW
WASHINGTON,DC20005 		  PC GENERAL SUPPORT 80,000

NCA&T SCHOLARSHIPS

1601 E MARKET ST
GREENSBORO,NC27411 		  PC GENERAL SUPPORT 5,500

NEW STORY

182 HOWARD ST 101
SAN FRANCISCO,CA94105 		  PC GENERAL SUPPORT 1,000

NO KID HUNGRY

PO BOX 75475
BALTIMORE,MD21275 		  PC GENERAL SUPPORT 400

NOURISH NC

3606 MARKET ST
WILMINGTON,NC28403 		  PC GENERAL SUPPORT 800

ONE7 MINISTRIES

PO BOX 220346
CHARLOTTE,NC28222 		  PC GENERAL SUPPORT 1,000

OPERATION UNDERGROUND RAILROAD

755 S MAIN ST
CEDAR CITY,UT84720 		  PC GENERAL SUPPORT 1,000

PALMETTO COUNCIL - BOYS SCOUNTS OF AMERICA

420 S CHURCH ST
SPARTANBURG,SC29306 		  PC GENERAL SUPPORT 1,000

PARITY BALTIMORE

1014 W 36TH STREET UNIT 96
BALTIMORE,MD21211 		  PC GENERAL SUPPORT 20,000

PAULA TAKACS FOUNDATION

PO BOX 78416
CHARLOTTE,NC28271 		  PC GENERAL SUPPORT 100

PAVILLON

241 PAVILLON PL
MILL SPRING,NC28756 		  PC GENERAL SUPPORT 200

PIEDMONT ANIMAL RESCUE

228 E WATERLYNN RD
MOORESVILLE,NC28117 		  PC GENERAL SUPPORT 200

PILGRIM'S INN

236 W MAIN ST
ROCK HILL,SC29732 		  PC GENERAL SUPPORT 600

PLANNED PARENTHOOD

PO BOX 97166
WASHINGTON,DC20090 		  PC GENERAL SUPPORT 826

PROJECT 2 HEAL

7008 PROVIDENCE RD S
WAXHAW,NC28173 		  PC GENERAL SUPPORT 1,703

PROJECT 658

3646 CENTRAL AVE
CHARLOTTE,NC28205 		  PC GENERAL SUPPORT 1,000

PROVEN MINISTRIES

2306 BEDFORD AVE 7D
LYNCHBURG,VA24503 		  PC GENERAL SUPPORT 1,000

RALEIGH RESCUE MISSION

314 E HARGETT ST
RALEIGH,NC27601 		  PC GENERAL SUPPORT 10,000

RETT SYNDROME RESEARCH TRUST

67 UNDER CLIFF ROAD
TRUMBILL,CT06611 		  PC GENERAL SUPPORT 480

RILEY'S CATCH

10403 DRAKE HILL DR
HUNTERSVILLE,NC28078 		  PC GENERAL SUPPORT 4,600

RISE LEAGUE

1617 CAPERSTERRE DR
ORLANDO,FL32824 		  PC GENERAL SUPPORT 200

ROTARY FOUNDATION

14280 COLLECTIONS CENTER DR
CHICAGO,IL60693 		  PC GENERAL SUPPORT 1,000

RYZABOVE FITNESS COMPANY

12516 HENIGAN PLACE LN
CHARLOTTE,NC28214 		  PC GENERAL SUPPORT 400

SAFE ALLIANCE

601 E FIFTH STREET
CHARLOTTE,NC28202 		  PC GENERAL SUPPORT 1,000

SAFE PASSAGE

104 OAKLAND AVE
ROCK HILL,SC29730 		  PC GENERAL SUPPORT 500

SAMARITAN'S PURSE

801 BAMBOO RD
BOONE,NC28607 		  PC GENERAL SUPPORT 1,000

SANDHILLS ADULT & TEEN CHALLENGE

PO BOX 1701
SOUTHERN PINES,NC28388 		  PC GENERAL SUPPORT 1,000

SECOND HARVEST FOOD BANK

500-B SPRATT ST
CHARLOTTE,NC28206 		  PC GENERAL SUPPORT 1,000

SERVICE WOMEN'S ACTION NETWORK

1015 15TH ST STE 600
WASHINGTON,DC20005 		  PC GENERAL SUPPORT 200

SHE BUILT THIS CITY

1026 JAY STREET
CHARLOTTE,NC28208 		  PC GENERAL SUPPORT 103

SHELTER GUARDIANS

PO BOX 1934
SALISBURY,NC28145 		  PC GENERAL SUPPORT 400

SKATES 2 SCHOLARS

15136 CASTLEBRIDGE LN
MATTHEWS,NC28104 		  PC GENERAL SUPPORT 1,000

SOUTHEAST GERMAN SHEPHERD RESCUE

PO BOX 208
MOORESVILLE,NC28115 		  PC GENERAL SUPPORT 100

SPECIAL OLYMPICS SC

109 OAK PARK DRIVE
IRMO,SC29063 		  PC GENERAL SUPPORT 1,100

ST BALDRICK'S FOUNDATION

1333 S MAYFLOWER AVE
MONROVIA,CA91016 		  PC GENERAL SUPPORT 1,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

262 DANNY THOMAS PLACE
MEMPHIS,TN38105 		  PC GENERAL SUPPORT 1,064

STAND FOR ANIMALS

10833 PINEVILLE ROAD
PINEVILLE,NC28134 		  PC GENERAL SUPPORT 1,000

STEVE SMITH FAMILY FOUNDATION

2125 SOUTHEND DR 252
CHARLOTTE,NC28203 		  PC GENERAL SUPPORT 10,000

SUSAN G KOMEN

PO BOX 1520
HUNTERSVILLE,NC28070 		  PC GENERAL SUPPORT 1,438

TEAM VULNERABLE FOUNDATION

PO BOX 202
GILBERT,AZ85234 		  PC GENERAL SUPPORT 600

TENDER HEARTS GIRLS HOME INC

145 BLACKBURN ST
YORK,SC29745 		  PC GENERAL SUPPORT 400

THE BREAST CANCER RESEARCH FOUNDATION

28 W 44TH ST STE 609
NEW YORK,NY10036 		  PC GENERAL SUPPORT 200

THE INDEPENDENCE FUND

412 LOUISE AVE
CHARLOTTE,NC28204 		  PC GENERAL SUPPORT 12,900

THE LEUKEMIA AND LYMPHOMA SOCIETY

3 INTERNATIONAL DR
RYE BROOK,NY10573 		  PC GENERAL SUPPORT 1,000

THE OUTDOOR DREAM FOUNDATION

PO BOX 802
ANDERSON,SC29622 		  PC GENERAL SUPPORT 800

THE TURNING POINT

PO BOX 952
MONROE,NC28111 		  PC GENERAL SUPPORT 500

VOICE OF THE MARTYRS INC

1815 SE BISON RD
BARTLESVILLE,OK74006 		  PC GENERAL SUPPORT 200

TIME OUT YOUTH

3800 MONROE RD
CHARLOTTE,NC28227 		  PC GENERAL SUPPORT 1,000

TROUTMAN LIFE CENTER

122 FRAZIER LOOP
BARIUM SPRINGS,NC28677 		  PC GENERAL SUPPORT 1,000

TRUE FREEDOM MINISTRIES

PO BOX 39362
INDIANAPOLIS,IN46239 		  PC GENERAL SUPPORT 1,000

STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		  PC GENERAL SUPPORT 2,620

TURKEYS FOR TOMORROW

PO BOX 64
POPE,MS38658 		  PC GENERAL SUPPORT 1,000

UNC CHARLOTTE FOUNDATION

8724 UNIVERSITY CITY BLVD
CHARLOTTE,NC28223 		  PC GENERAL SUPPORT 4,500

UNION COUNTY CRISIS ASSISTANCE MINISTRY

1335 WEST ROOSEVELT BLVD
MONROE,NC28110 		  PC GENERAL SUPPORT 500

URBAN PROMISE CHARLOTTE

PO BOX 12213
CHARLOTTE,NC28220 		  PC GENERAL SUPPORT 1,000

VETERAN'S BRIDGE HOME

5260 PARKWAY PLAZA BLVD
CHARLOTTE,NC28217 		  PC GENERAL SUPPORT 800

VISART INC

3104 EASTWAY DR
CHARLOTTE,NC28205 		  PC GENERAL SUPPORT 200

FRIENDS OF WAKE COUNTY ANIMAL CENTER INC

820 BEACON LAKE DRIVE
RALEIGH,NC27610 		  PC GENERAL SUPPORT 200

WATCHTOWER BIBLE AND TRACT SOCIETY

900 RED MILLS ROAD
WALLKILL,NY12589 		  PC GENERAL SUPPORT 2,400

WATER FOR LIFE FOUNDATION INC

2627 BREKONRIDGE CTR DR
MONROE,NC28110 		  PC GENERAL SUPPORT 1,000

WAY TO BATTLE

PO BOX 833 CANAL
WINCHESTER,OH43110 		  PC GENERAL SUPPORT 300

WHOLE MAN MINISTRIES

3916 OLD LEXINGTON RD
WINSTON SALEM,NC27107 		  PC GENERAL SUPPORT 80

WILDCARE INC

1948 NW HARTSTRAIT RD
BLOOMINGTON,IN47404 		  PC GENERAL SUPPORT 1,000

WILLS PLACE INC

540 N 1ST ST
ALBEMARLE,NC28001 		  PC GENERAL SUPPORT 200

YMCA OF UPPER PALMETTO

151 S OAKLAND AVE
ROCK HILL,SC29730 		  PC GENERAL SUPPORT 600

YOUNG AMERICAS FOUNDATION

11480 COMMERCE PARK DR
RESTON,VA20191 		  PC GENERAL SUPPORT 200

YOUNG GENTS SOCIETY INC

1305 LORING AVE
BROOKLYN,NY11208 		  PC GENERAL SUPPORT 1,000

JIM & TABITHA FURYK FOUNDATION

PO BOX 2867
PONTE VEDRA,FL32004 		  PF GENERAL SUPPORT 1,000

LANCASTER HOUSING SERVICES

PO BOX 1235
LANCASTER,SC29721 		  PF GENERAL SUPPORT 1,000

OUR HERO FOUNDATION

310310 WALNUT ST
WELLSVILLE,KS66092 		  OTHER GENERAL SUPPORT 400
Total .................................right arrow 3a 552,615
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		    14 123,570  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......     16 14,633  
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 ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 138,203 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
138,203
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
TRUE HOMES FOUNDATION INC
 
Employer identification number

82-2936594
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
TRUE HOMES FOUNDATION INC
  		Employer identification number
82-2936594
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
TRUE HOMES LLC
 
2649 BREKONRIDGE CENTRE DRIVE
 
MONROE, NC28110

$ 756,287


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
TRUE HOMES FOUNDATION INC
  		Employer identification number

82-2936594
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
TRUE HOMES FOUNDATION INC
  		Employer identification number

82-2936594
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


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TY 2023 ExpenditureResponsibilityStmt
Name:
TRUE HOMES FOUNDATION INC
EIN:
82-2936594
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
BUILDERS BRIDGE
  		2649 BREKONRIDGE CENTRE DR
MONROE,NC28110 		2022-04-30 50,000 GENERAL SUPPORT OF THE PROGRAMS OPERATED BY BUILDERS BRIDGE, A 501(C)(3) PRIVATE OPERATING FOUNDATION OPERATED IN CONJUNCTION WITH TRUE HOMES FOUNDATION   NO DIVIERSION OF FUNDS NOTED THROUGHOUT THE YEAR   TRUE HOMES FOUNDATION WAS ABLE TO VERIFY THAT THE FUNDS GRANTED TO BUILDERS BRIDGE WERE USED FOR THE INTENDED PURPOSE OF THE GRANT.

TY 2023 OtherExpensesSchedule
Name:
TRUE HOMES FOUNDATION INC
EIN:
82-2936594
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSTRUCTION LOAN CLOSING EXPENSE 1,086 0   0
ADMINISTRATIVE EXPENSES 147,071 0   0
OFFICE SUPPLIES EXPENSE 1,410 0   0
CENT. SERV. RELATIONS 1,007 0   0
OUTSIDE CONSULTING FEES 2,006 0   0
OTHER EXPENSE 150 0   0


TY 2023 TaxesSchedule
Name:
TRUE HOMES FOUNDATION INC
EIN:
82-2936594
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROPERTY TAXES 4,984 0   0