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
C3INITIATIVE
DBA STELO
Number and street (or P.O. box number if mail is not delivered to street address)412 NW 8TH AVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR97209
A Employer identification number

46-0846415
B Telephone number (see instructions)

(971) 267-2340
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$11,296,448J 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) 461,227
2 Check right arrow.............
3 Interest on savings and temporary cash investments 28 28 28
4 Dividends and interest from securities... 282,172 282,172 282,172
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 37,277
b Gross sales price for all assets on line 6a 1,700,963
7 Capital gain net income (from Part IV, line 2)... 37,277
8 Net short-term capital gain......... 0
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
14,595 0 14,595
12 Total. Add lines 1 through 11........ 795,299 319,477 296,795
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 49,423 0 4,448 44,975
14 Other employee salaries and wages...... 184,136 0 0 184,136
15 Pension plans, employee benefits....... 61,916 0 995 60,921
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
9,547 0 0 9,547
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,644 8,658 0 12,986
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
134,404 40,541 0 93,863
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,596 96 96 2,500
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
63,287 0 0
20 Occupancy.............. 52,330 0 5,233 47,097
21 Travel, conferences, and meetings....... 12,884 0 0 12,884
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,841 418 457 29,981
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 623,008 49,713 11,229 498,890
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 623,008 49,713 11,229 498,890
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 172,291
b Net investment income (if negative, enter -0-) 269,764
c Adjusted net income (if negative, enter -0-)... 285,566
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............. 59,823 374,871 374,871
2 Savings and temporary cash investments......... 586,817 173,080 173,080
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.......... 2,200    
10a Investments—U.S. and state government obligations (attach schedule) 1,366,412 Click to see attachment
List of Attached Documents:
// Content
345,551 		348,464
b Investments—corporate stock (attach schedule)....... 4,875,750 Click to see attachment
List of Attached Documents:
// Content
5,832,120 		7,635,553
c Investments—corporate bonds (attach schedule)....... 1,114,147 Click to see attachment
List of Attached Documents:
// Content
1,513,407 		1,460,748
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 arrow1,580,298
Less: accumulated depreciation (attach schedule) right arrow276,566 1,367,019 Click to see attachment
List of Attached Documents:
// Content
1,303,732 		1,303,732
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,372,168 9,542,761 11,296,448
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) Click to see attachment
List of Attached Documents:
// Content
2,322 		Click to see attachment
List of Attached Documents:
// Content
624
23 Total liabilities (add lines 17 through 22)......... 2,322 624
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........ 9,369,846 9,542,137
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 9,369,846 9,542,137
30 Total liabilities and net assets/fund balances (see instructions). 9,372,168 9,542,761
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
9,369,846
2
Enter amount from Part I, line 27a .....................
2
172,291
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,542,137
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
9,542,137
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 PUBLICLY TRADED SECURITIES      
c CAPITAL GAINS DIVIDENDS P    
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 573,015   649,493 -76,478
b 1,120,847   1,014,193 106,654
c 7,101     7,101
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       -76,478
b       106,654
c       7,101
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 37,277
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 -76,478
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 3,750
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 3,750
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 3,750
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 5,133
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,133
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 5,383
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow5,383 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowOR
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.C3INITIATIVE.ORG
14
The books are in care ofright arrowSTACEY GRISANTI Telephone no.right arrow (971) 267-2340

Located atright arrow412 NW 8TH AVEPORTLANDOR ZIP+4right arrow97209
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SHIR LY CAMIN GRISANTI PRESIDENT
40.00 		49,423 6,639 0
412 NW 8TH AVE
PORTLAND,OR97209
LAURENCE GRISANTI SECRETARY
3.00 		0 0 0
412 NW 8TH AVE
PORTLAND,OR97209
ANTHONY GRISANTI TREASURER
0.10 		0 0 0
412 NW 8TH AVE
PORTLAND,OR97209
MONICA CAMIN DIRECTOR
0.10 		0 0 0
412 NW 8TH AVE
PORTLAND,OR97209
CARLOS CAMIN DIRECTOR
0.10 		0 0 0
412 NW 8TH AVE
PORTLAND,OR97209
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
RORY R SPARKS PROGRAM DIRECTOR
40.00 		73,661 6,925 0
412 NW 8TH AVE
PORTLAND,OR97209
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
NONE
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 EXHIBITIONS -TENDER PATHS: CELEBRATING PAPER + PRINT PRESENTS WORK FROM 8 ARTISTS WHO PARTICIPATED IN STELO'S 2022'23 TECHNICAL RESIDENCIES. UNA PALABRA DE LUCHA: INSPIRED BY 20-YEARS OF ONGOING ARTISTIC ORGANIZING BY NEO-LATINO COLLECTIVE, A PRIMARILY EAST COAST-BASED GROUP OF ARTISTS FOUNDED IN 2003 TO CREATE A SPACE FOR THE LATINX VOICE WITHIN THE COLLECTIVE ARTISTIC LANDSCAPE; GROUP EXHIBITION FEATURING ARTISTS FROM NEO-LATINO COLLECTIVE WITH PORTLAND BASED ARTISTS THAT DIALOGUE AROUND THE UNATTAINABLE ONENESS OF LATINITY, AND WHY IDENTITY IS A FIGHTING WORD. ASSEMBLY AS PART OF SOCIAL FORMS: ART AS GLOBAL CITIZENSHIP IS A PARTNERSHIP WITH CONVERGE 45, CENTER FOR CONTEMPORARY ART & CULTURE AT PACIFIC NORTHWEST COLLEGE OF ART (PNCA), AND THE PARALLAX ART CENTER CURATED FOURTEENARTIST EXHIBITION ACROSS PORTLAND'S RENOWNED PEARL ARTS DISTRICT.PNCA PRINT MEDIA MFA EXHIBITION: EXHIBITION OF PNCA PRINT MEDIA 2023 MFA GRADUATES. OPEN TO THE PUBLIC. 178,271
2 RESIDENCIES -EIGHT ARTISTS WERE AWARDED 2 DIFFERENT WEEK-LONG LIVE/WORK RESIDENCIES TO TAKE PLACE AT CAMP COLTON, STELO'S RURAL SITE IN COLTON, OREGON. RESIDENTS ARE PROVIDED WITH ACCOMMODATIONS, STIPENDS, INSTRUCTION AND GUIDANCE VIA TECHNICAL ASSISTANCE FROM A PROFESSIONAL TEACHING ARTIST, AND EXCLUSIVE 24/7 ACCESS TO STUDIOS TO CREATE AND EXHIBIT NEW WORK. PILOT APARTMENT RESIDENCY BROUGHT TOGETHER ARTISTS JOY FEASLEY AND PAUL SWENBECK IN A COLLABORATIVE CREATIVE JOURNEY. THIS PROGRAM AIMED TO TRANSFORM LIVING SPACES INTO VIBRANT, INCLUSIVE ENVIRONMENTS, REIMAGINING THE POTENTIAL OF RESTROOM SPACES. THE ARTISTS, UTILIZING DISCARDED MATERIALS FROM PREVIOUS PROJECTS, REPURPOSED CERAMICS AND INTEGRATED LOCAL OFFCAST MATERIALS TO CREATE ADA ACCESSIBLE RESTROOMS THAT INSPIRE MAGIC, INCLUSIVITY, AND A DEEP CONNECTION TO THE NATURAL WORLD. THEIR RESIDENCY NOT ONLY ENRICHED OUR COMMUNITY BUT ALSO CONTRIBUTED TO SUSTAINABLE PRACTICES, REDUCING WASTE AND FOSTERING INNOVATIVE DESIGN. 142,623
3 COMMUNITY BUILDING - SPACE TO SHAREACTIVATION1: THE DARK CENTER IS A PROJECT SERIES THAT CREATES SPACES FOR CONTEMPORARY BLACK ART TO BE VIEWED AS A LANDSCAPE FOR COMMERCE AND COMMUNITY. CURATED BY THE VISIONARY CREATIVE PRODUCER INDIA LOVEJOY, THIS TEMPORARY EXHIBITION EXPLORES NEARLY A DECADE OF WORKING WITH ARTISTS AND ART COLLECTING TO PRESENT HER PAST, PRESENT, AND FUTURE IN A POWERFUL VISUAL ART INSTALLATION THAT SETS THE TONE FOR HER PRESENCE IN PORTLAND. ACTIVATION2: CONTINUATION OF A SERIES OF WORKSHOPS ON CREATING BIOMATERIALS AND FERMENTATION, PROVIDING AN OPPORTUNITY FOR FOLKS TO ENGAGE IN COMMUNAL PLAY. ACTIVATION3: A FILM SERIES FEATURING EMERGING ARTISTS. TODD MOLINARI'S WORKS RELATED TO THE SFAI.COMMUNITY ADVISORY COUNCILTHE COUNCIL CONSISTS OF 7 PAID, PART-TIME ADVISORS WHO DESIGN PROGRAMS, REPRESENT THE COMMUNITY, REPRESENT THE ORGANIZATION, AND ADVISE LEADERSHIP ON EXISTING PROGRAMS, POLICIES AND PROCEDURES, AS WELL AS WITH NEW HIRES. 129,386
4 LOVE, OREGON MICRO-FESTIVAL -THE LOVE, OREGON FESTIVAL IS A VIBRANT CELEBRATION OF OREGON'S RICH CULTURE, FOOD, MUSIC, AND NATURE. RUNNING FROM SEPTEMBER 1ST TO SEPTEMBER 3RD, 2023, THE FESTIVAL PROMISES AN UNFORGETTABLE EXPERIENCE, CAPTURING THE ESSENCE OF OREGON IN THE LUSH FOREST SETTING OF COLTON. 50,584
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 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
8,463,654
b
Average of monthly cash balances.......................
1b
482,150
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,945,804
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
8,945,804
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
134,187
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,811,617
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
440,581
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
498,890
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
498,890
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
2012-05-31
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
285,566 210,482 353,424 281,629 1,131,101
b 85% (0.85) of line 2a ......... 242,731 178,910 300,410 239,385 961,436
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		498,890 504,527 583,707 847,982 2,435,106
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 0 0
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		498,890 504,527 583,707 847,982 2,435,106
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		293,721 300,961 379,547 329,929 1,304,158
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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).)
SHIR LY CAMIN GRISANTI
LAURENCE GRISANTI
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Total .................................right arrow 3a 0
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 28  
4 Dividends and interest from securities ....     14 282,172  
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 37,277  
9 Net income or (loss) from special events:         6,463
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSTUDIO RENT 		        8,132
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 319,477 14,595
13Total. Add line 12, columns (b), (d), and (e)..................
13
334,072
(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.)
11A BELOW-MARKET-RATE RENTAL FOR ARTISTS AT STELO
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
C3INITIATIVE
DBA STELO
Employer identification number

46-0846415
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
C3INITIATIVE
DBA STELO 		Employer identification number
46-0846415
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
OREGON COMMUNITY FOUNDATION
 
1221 SW YAMHILL ST SUITE 100
 
PORTLAND, OR97205

$ 52,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
REGIONAL ARTS & CULTURE COUNCIL
 
411 NW PARK AVE 101
 
PORTLAND, OR97209

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
SHIR LY CAMIN GRISANTI
412 NW 8TH AVE
 
PORTLAND, OR97209

$ 400,000


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
C3INITIATIVE
DBA STELO 		Employer identification number

46-0846415
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
C3INITIATIVE
DBA STELO 		Employer identification number

46-0846415
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 21,644 8,658 0 12,986

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

TY 2023 DepreciationSchedule
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
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
COMPUTERS (2) 2015-08-14 5,026 4,606 SL 5.000000000000 0 0 0  
TINY HOUSE 2016-12-21 53,000 11,642 SL 27.500000000000 1,927 0 1,927  
PRINTING PRESS 2018-01-10 24,720 17,655 SL 7.000000000000 3,531 0 3,531  
PRINTING PRESS ADDITION 2019-03-04 1,182 648 SL 7.000000000000 169 0 169  
BUILDING C3 PDX LLC 2019-03-19 1,046,896 142,759 SL 27.500000000000 38,069 0 38,069  
C3 PDX STUDIO APARTMENTS 2020-08-24 346,488 29,400 SL 27.500000000000 12,600 0 12,600  
BUILDING C3 PDX LLC ADDITION 2020-01-02 14,370 1,569 SL 27.500000000000 523 0 523  
MOBILE WALLS 2021-11-17 5,502 852 SL 7.000000000000 786 0 786  
BUILDING C3 PDX LLC IMPROVEMENTS 2021-11-10 62,009 2,631 SL 27.500000000000 2,255 0 2,255  
CLUB CAR STELO CAMP COLTON 2022-08-02 16,255 1,355 SL 5.000000000000 3,251 0 3,251  
UNIT 203 FURNACE REPLACEMENT 2022-02-03 4,850 162 SL 27.500000000000 176 0 176  

TY 2023 InvestmentsCorpBondsSchedule
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Name of Bond End of Year Book Value End of Year Fair Market Value
BANK AMERICA CORP 195,878 197,320
DISCOVER FINL SVCS DEP 202,250 160,700
CITIGROUP INC 214,750 195,706
WENDYS INTL INC 101,806 99,717
GOLDMAN SACHS GROUP INC 197,496 200,100
ENERGY TRANSFER EQTY LP 200,000 199,876
RBC IMPACT BOND I 200,000 201,157
CALVERT SHORT DURATION INCOME I 201,227 206,172

TY 2023 InvestmentsCorpStockSchedule
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Name of Stock End of Year Book Value End of Year Fair Market Value
EATON CORP PLC 140,911 156,533
ORGANON & CO 24 6,547
GLOBAL X RUSSEL 2000 COVERED CALL ETF 88,544 75,313
WALMART INC 25,405 43,038
ULTA BEAUTY INC 69,481 200,896
TESLA INC 110,383 84,483
SYNOPSYS INC 137,913 132,332
SUPER MICRO COMPUTER INC 87,311 113,988
SECTOR TECHNOLOGY SELECT SECTOR SPDR ETF 46,317 186,706
SECTOR HEALTHCARE SELECT SECTOR SPDR ETF 51,771 97,239
ROCKWELL AUTOMATION INC 131,349 155,240
RAMBUS INC 137,831 141,551
PULTEGROUP INC 128,620 252,063
PROSHARES TRUST S&P 500 DIV ARISTOCRATS 310,765 324,822
NIVIDIA CORP 145,110 148,566
MOBILEYE GLOBAL INC 130,118 144,819
MICROSOFT CORP 46,195 195,917
MERCK & COMPANY INC NEW 129,095 120,249
LION ELECTRIC CO 112,404 13,979
KB HOME 129,029 175,887
GLOBAL X NASDAQ 100 COVERED CALL ETF 194,132 195,456
GLOBAL X S&P 500 COVERED CALL ETF 87,836 84,480
OMNICOM GROUP INC 6,882 11,333
GLOBAL X DOW 30 COVERED CALL ETF 91,011 91,277
CONSTELLATION ENERGY 88,507 181,530
COCA-COLA CONSOLIDATED 138,255 181,966
CAVA GROUP INC 67,689 72,851
CADENCE DESIGN 144,407 212,721
BROADCOM INC 128,363 244,459
BLUE OWL CAPITAL CORP 188,634 223,393
BLACKROCK INC 59,972 99,040
BEL FUSE INC CL A 86,049 102,322
ASML HOLDING NV 128,954 150,627
APPLE INC 66,882 412,592
AMAZON.COM INC 101,227 202,688
ALPHABET INC 51,804 178,943
ADOBE INC 146,163 168,838
JPMORGAN EQUITY PREMIUM INCOME ETF 190,539 195,564
UNUM GROUP 3,388 3,120
TRANE TECHNOLOGIES PLC 5,881 7,073
ULTA BEAUTY INC 5,703 6,860
ZOETIS INC 1,790 3,158
KAYNE ANDERSON RENEWABLE INFRAS I 150,010 117,159
REGNAN GLOBAL EQUITY IMPACT SOL INSTL 170,282 193,968
PIMCO ALL ASSET INSTL 175,010 172,031
NIKOLA CORP 95,820 3,499
APPLE INC 129,800 192,530
NVIDIA CORP 47,164 49,522
YUM CHINA HOLDINGS INC 3,566 2,716
UNITED PARCEL SRVC 4,036 4,402
WILLIAMS SONOMA 3,909 5,852
WARNER BROTHERS DISCOVER 56 23
WALGREENS BOOTS ALLI 1,995 1,462
VOYA FINL INC 5,981 6,129
VISA INC 452 781
VICI PROPERTIES INC 1,247 1,211
VAIL RESORTS INC 4,458 4,269
UBER TECHNOLOGIES INC 1,984 3,325
PALO ALTO NETWORKS 1,699 2,064
NXP SEMICONDUCTORS 4,226 3,905
PARAMOUNT GLOBAL 8,601 4,424
JOHCM INTERNATIONAL SELECT INST 125,010 137,779
KBI GLOBAL INVESTORS AQUARIUS INSTL 150,010 152,165
TJX COMPANIES INC 12,078 13,321
TETRA TECH INC 4,331 4,841
TESLA INC 10,401 7,951
SUNRUN INC 8,368 1,806
SPS COMM INC 3,004 1,745
SOUTHWEST GAS HOLDINGS 3,988 7,032
SNAP INC 7,319 1,050
SERVICE NOW INC 1,277 706
SCIENCE APPLICATIONS 1,617 2,735
S&P GLOBAL INC 7,144 1,762
ROSS STORES INC 632 1,522
ROPER TECHNOLOGIES 344 9,813
REYNOLDS CONSUMER PRODS 2,604 1,932
PROGRESSIVE CO 781 11,150
PROCORE TECHNOLOGIES INC 1,271 1,800
PHINIA INC 8,483 30
PHILLIPS 66 1,982 8,388
ARTISAN INTERNATIONAL VALUE INSTL 100,010 117,786
DOLLAR TREE INC 166 710
BRIGHT HORIZON FAM 4,534 1,602
INSULET CORP 20,781 4,123
ADOBE INC 783 1,790
INTUIT INC 5,853 1,250
NUCOR CORP 9,995 696
NOVANTA INC 10,607 5,894
NEWMONT CORP 3,330 2,359
MORNINGSTAR INC 1,565 5,725
MICROSOFT CORP 666 51,141
MICRON TECHNOLOGY 5,497 10,326
META PLATFORMS INC 2,535 16,636
MERCK & CO INC 4,466 13,300
MATTEL INC 18,912 434
MATCH GROUP INC 7,502 1,424
MARRIOTT INTL INC 4,137 5,863
LULULEMON ATHLETICA 13,149 5,113
LILLY ELI & CO 501 11,658
LENNOX INTERNTNL 1,659 1,343
LATTICE SEMICONDUCTR 4,509 621
LAM RESEARCH CORP 3,530 783
KROGER CO 1,084 4,800
INTERCONTINENTAL EXC 508 23,760
EDISON INTERNTNL 15,905 2,502
BROADCOM LTD 524 6,698
ELEVANCE HEALTH INC 8,517 8,017
ACCENTURE PLC 15,478 18,949
INTEL CORP 660 7,286
HUBSPOT INC 4,850 581
HP INC 3,628 3,521
HOLOGIC INC 391 1,858
HILTON WORLDWIDE HLD 3,657 3,096
HEWLETT PACKARD ENTERPRI 1,991 3,668
HERSHEY CO 2,171 9,136
HASBRO INC 3,620 5,463
HALOZYME THERAPEUTIC 7,604 3,031
GXO LOGISTICS INC 3,541 4,098
GLOBE LIFE INC 517 9,616
GENERAL MOTORS CO 3,985 1,832
GENERAL ELECTRIC CO 8,795 4,850
FRONTIER COMMUNICATIONS 1,680 836
FERGUSON PLC 3,795 1,931
EXPONENT INC 495 15,583
EXELON CORP 13,997 1,077
EQUINIX INC 1,571 805
JPMORGAN CHASE & CO 810 9,526
JANUS HENDERSON GROUP 172 573
E L F BEAUTY INC 1,114 1,010
DUOLINGO INC 438 907
BLACKLINE INC 1,526 3,934
BLOCK H & R INCORP 1,890 629
CHENIERE ENERGY INC 7,020 2,219
DEERE & CO 7,607 800
CVS HEALTH CORP 2,410 5,843
CUMMINS INC 541 6,468
COOPER COMPANIES 1,242 8,704
CONCENTRIX 619 8,446
COMMERCIAL METALS CO 321 2,902
CITIGROUP INC 4,520 16,409
CISCO SYSTEMS INC 6,312 11,468
CELANESE CORP 3,006 8,079
BOOZ ALLEN HAMILTON 4,095 2,686
CDW CORP 11,757 5,683
CASEYS GEN STORES 2,067 824
CARDINAL HEALTH INC 6,112 12,197
CAPRI HOLDINGS LTD 5,150 502
CABLE ONE INC 625 3,896
BUMBLE INC 10,742 3,567
BALL CORP 2,408 1,841
ADVANCED MICRO DEVICE INC 856 3,685
AES CORP 4,637 3,080
APPLE INC 193 43,512
DOXIMITY INC 6,690 1,290
NVIDIA CORP 1,321 17,828
BAKER HUGHES CO 3,580 4,067
AZENTA INC 1,670 1,759
AXON ENTERPRISE INC 1,438 2,325
AUTODESK INC 1,746 4,139
ASPEN TECHNOLOGY INC 3,440 440
APPLIED MATERIALS 424 810
APPFOLIO INC 10,938 3,118
AFLAC INC 2,300 5,445
AON PLC 3,451 873
AMERN TOWER CORP 494 1,295
AMERICAN WATER WORKS 20,775 19,535
AMERICAN INTL GROUP 1,111 10,095
AMAZON.COM INC 8,586 25,982
ALTAIR ENGINEERING INC 16,448 842
ALPHABET INC 645 18,020
ALNYLAM PHARMACEUTL 16,846 2,297
ABBOTT LABORATORIES 4,792 5,173

TY 2023 InvestmentsGovtObligationsSch
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
US Government Securities - End of Year Book Value:

345,551
US Government Securities - End of Year Fair Market Value:

348,464
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 LandEtcSchedule2
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTERS (2) 5,026 4,606 420  
TINY HOUSE 53,000 13,569 39,431  
PRINTING PRESS 24,720 21,186 3,534  
PRINTING PRESS ADDITION 1,182 817 365  
BUILDING C3 PDX LLC 1,046,896 180,828 866,068  
C3 PDX STUDIO APARTMENTS 346,488 42,000 304,488  
BUILDING C3 PDX LLC ADDITION 14,370 2,092 12,278  
MOBILE WALLS 5,502 1,638 3,864  
BUILDING C3 PDX LLC IMPROVEMENTS 62,009 4,886 57,123  
CLUB CAR STELO CAMP COLTON 16,255 4,606 11,649  
UNIT 203 FURNACE REPLACEMENT 4,850 338 4,512  


TY 2023 LegalFeesSchedule
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 9,547 0 0 9,547


TY 2023 OtherExpensesSchedule
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RESIDENCY COSTS 94 0 0 94
BOOKS & SUBSCRIPTIONS 1,079 0 0 1,079
INSURANCE 4,574 0 457 4,117
MISCELLANEOUS 3,831 0 0 3,846
STATE FEES 940 0 0 940
MARKETING AND COMMUNICATIONS 4,529 0 0 4,529
BANK FEES 418 418 0 0
PRODUCTION EXPENSE 11,626 0 0 11,626
ADVISORY COUNSEL 3,750 0 0 3,750


TY 2023 OtherIncomeSchedule2
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
STUDIO RENT 8,132   8,132
GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS 6,463   6,463


TY 2023 OtherLiabilitiesSchedule
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARDS PAYABLE 1,388 624
DUE TO CAIRN 934 0


TY 2023 OtherProfessionalFeesSchedule
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 1,398 0 0 1,398
INVESTMENT 40,541 40,541 0 0
PAYROLL 2,382 0 0 2,382
ARTIST 39,377 0 0 39,377
CURATORIAL 10,000 0 0 10,000
FACILITIES CONTRACTOR 11,085 0 0 11,085
ART HANDLERS 10,105 0 0 10,105
FABRICATOR 1,425 0 0 1,425
INSTRUCTOR 450 0 0 450
DOCUMENATION 1,771 0 0 1,771
COMMUNICATIONS CONTRACTOR 4,830 0 0 4,830
PUBLISHING 11,040 0 0 11,040


TY 2023 TaxesSchedule
Name:
C3INITIATIVE
 
DBA STELO
EIN:
46-0846415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAXES 2,500 0 0 2,500
FOREIGN TAXES 96 96 96 0