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
WATKINS CHRISTIAN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1958 MONROE DRIVE NE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30324
A Employer identification number

58-1494832
B Telephone number (see instructions)

(404) 920-5009
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$93,197,741J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 32,618 46,188  
4 Dividends and interest from securities... 1,915,618 1,915,618  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,534,402
b Gross sales price for all assets on line 6a 18,724,228
7 Capital gain net income (from Part IV, line 2)... 1,534,402
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,148,371 0  
12 Total. Add lines 1 through 11........ 11,631,009 3,496,208  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 413,574 0   413,574
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,671 0   1,671
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
82,991 0   82,991
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
482,977 303,723   190,183
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
170,635 14,109   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 50,222 0   50,222
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,209,598 2,347   26,322
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,411,668 320,179   764,963
25 Contributions, gifts, grants paid....... 4,175,655 4,175,655
26 Total expenses and disbursements. Add lines 24 and 25 8,587,323 320,179   4,940,618
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,043,686
b Net investment income (if negative, enter -0-) 3,176,029
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............. 3,698,411 3,455,683 3,455,683
2 Savings and temporary cash investments.........      
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..........   28,726 28,726
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 75,666,326 Click to see attachment
List of Attached Documents:
// Content
89,631,720 		89,631,720
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) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
81,612 		Click to see attachment
List of Attached Documents:
// Content
81,612
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 79,364,737 93,197,741 93,197,741
Liabilities 17 Accounts payable and accrued expenses..........   126,809
18 Grants payable.................   4,250,000
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
0 		Click to see attachment
List of Attached Documents:
// Content
205,602
23 Total liabilities (add lines 17 through 22)......... 0 4,582,411
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 79,364,737 88,615,330
29 Total net assets or fund balances (see instructions)..... 79,364,737 88,615,330
30 Total liabilities and net assets/fund balances (see instructions). 79,364,737 93,197,741
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
79,364,737
2
Enter amount from Part I, line 27a .....................
2
3,043,686
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,148,371
4
Add lines 1, 2, and 3 ..........................
4
90,556,794
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,941,464
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
88,615,330
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 - SHORT-TERM     2023-12-31
b PUBLICLY TRADED SECURITIES - LONG-TERM     2023-12-31
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 1,343,035   1,575,064 -232,029
b 17,381,193   15,614,762 1,766,431
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       -232,029
b       1,766,431
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 1,534,402
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 44,147
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 44,147
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 44,147
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 30,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 14,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 687
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 334
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 arrowGA
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 arrowJEREMY BAGLEY Telephone no.right arrow (404) 950-5093

Located atright arrow1958 MONROE DR NEATLANTAGA ZIP+4right arrow30324
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
W NEAL FREEMAN DIRECTOR
1.00 		0 0 0
1958 MONROE DR NE
ATLANTA,GA30324
ERIC S WAHLEN DIRECTOR
1.00 		0 0 0
1958 MONROE DR NE
ATLANTA,GA30324
GEORGE C WATKINS CHAIRMAN
2.00 		0 0 0
1958 MONROE DR NE
ATLANTA,GA30324
MICHAEL L WATKINS PRESIDENT
15.00 		101,906 0 0
1958 MONROE DR NE
ATLANTA,GA30324
SARAH WATKINS DIRECTOR
1.00 		0 0 0
1958 MONROE DR NE
ATLANTA,GA30324
WILLIAM B WATKINS V DIRECTOR
2.00 		0 0 0
1958 MONROE DR NE
ATLANTA,GA30324
JONATHAN WINN SECRETARY, TREASURER
10.00 		13,468 0 0
1958 MONROE DR NE
ATLANTA,GA30324
ROZITA LA GORCE EXECUTIVE DIRECTOR
40.00 		294,040 0 0
1958 MONROE DR NE
ATLANTA,GA30324
JEREMY BAGLEY SECRETARY, TREASURER
10.00 		4,161 0 0
1958 MONROE DR NE
ATLANTA,GA30324
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
CRAWFORD INVESTMENT COUNSEL INVESTMENT MANAGEMENT 303,723
600 GALLERIA PKWY SUITE 1650
ATLANTA,GA30339
FOUNDATION SOURCE ADMINISTRATIVE 106,592
55 WALLS DRIVE
FAIRFIELD,CT06824
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  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
85,456,907
b
Average of monthly cash balances.......................
1b
3,341,891
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
88,798,798
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
88,798,798
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,331,982
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
87,466,816
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,373,341
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
4,373,341
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
44,147
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
44,147
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,329,194
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,329,194
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
4,329,194
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
4,940,618
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
4,940,618
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 4,329,194
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......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,940,618
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..... 4,329,194
e Remaining amount distributed out of corpus 611,424
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 5 611,424
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 ...... 		611,424
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.... 611,424
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

ADVENTURES OF THE HEART MINISTRIES INC

6050 PEACHTREE PARKWAY
NORCROSS,GA30092 		N/A PC GENERAL SUPPORT 95,000

ARCHBOLD FOUNDATION INC

910 SOUTH BORAD STREET
THOMASVILLE,GA31792 		N/A SO II ARCHBOLD CHAPLAINCY PROGRAM 100,000

ATLANTA YOUTH ACADEMIES FOUNDATION INC

2020 FORREST PARK RD SE
ATLANTA,GA30315 		N/A SO I STRATEGIC ENROLLMENT GROWTH INITIATIVE- TO SUPPORT AYA'S 5-YEAR ENROLLMENT PLAN TO DOUBLE THE NUMBER OF 8TH GRADE GRADUATES AND INCREASE ENROLLMENT FROM 150 TO APPROXIMATELY 225. 100,000

BROOKWOOD SCHOOL INC

302 CARDINAL RIDGE ROAD
THOMASVILLE,GA31793 		N/A PC TO SUPPORT THE CAPITAL CAMPAIGN FOR THE DINING CENTER THAT WILL PROVIDE MEETING SPACE FOR STUDENT FELLOWSHIP, ELECTRONIC MEDIA SOURCES, AND COLLABORATIVE LEARNING. 100,000

BROOKWOOD SCHOOL INC

301 CARDINAL RIDGE ROAD
THOMASVILLE,GA31792 		N/A PC CHAPLAIN SUPPORT - TO SUPPORT THE SALARY OF A PART-TIME CHAPLAIN ON CAMPUS THAT WILL ENRICH THE SPIRITUAL DEVELOPMENT OF STUDENTS AS THE SCHOOL SEEKS TO FULFILL IT AS PART OF ITS MISSION. 75,000

CAMPUS CRUSADE FOR CHRIST INC

4902 DAKOTA AVENUE
NASHVILLE,TN37209 		N/A PC GENERAL SUPPORT 10,000

CAMPUS CRUSADE FOR CHRIST INC

651 TAYLOR DRIVE
XENIA,OH45385 		N/A PC AIA@UNIVERSITY OF GEORGIA - TO EQUIP 15 NEW STUDENTS IN HOW TO SHARE THEIR TESTIMONY, THE GOSPEL, AND SEND 10 STUDENTS ON SUMMER MISSION. 10,000

CAMPUS CRUSADE FOR CHRIST INC

9236 GUYOT DR
KNOXVILLE,TN37922 		N/A PC ULTIMATE TRAINING CAMP STAFF LEADERSHIP DEVELOPMENT TO SUSTAIN CURRENT LOCATIONS AND LAUNCH NEW LOCATIONS. 75,000

CEDARBROOK OUTREACH INC

8833 MIDDLEBROOK PIKE
KNOXVILLE,TN37923 		N/A PC GENERAL SUPPORT 45,000

CHILDRENS MUSEUM OF TAMPA INC

110 WEST GASPARILLA PLAZA
TAMPA,FL33602 		N/A PC SUNSHINE SUNDAY AND SENSORY SUPPORT PROGRAM 35,000

CHRIST HARBOR METHODIST CHURCH

13650 HWY 43
NORTHPORT,AL35475 		N/A PC TECH UPGRADE FOR NEW ADDITION 25,000

CITY OF REFUGE INC

1300 JOSEPH E BOONE BLVD NW
ATLANTA,GA30314 		N/A PC GENERAL SUPPORT 50,000

CORNERSTONE CHRISTIAN ACADEMY

5295 TRIANGLE PARKWAY
PEACHTREE CORNERS,GA30092 		N/A PC TECHNOLOGY UPGRADES - THE LS INTERCOM SYSTEM, UPDATE; ADD NEW WIRELESS ACCESS POINTS FOR STUDENTS AND REPLACE WIRELESS MICROPHONES IN THE ARTS DEPARTMENT PER FCC REGULATIONS. 75,000

DESIRE STREET MINISTRIES

POBOX 105603 PMB 82418
ATLANTA,GA303485603 		N/A PC 50% GENERAL SUPPORT AND 50% MINISTRY TECHNOLOGY SOLUTION 75,000

EAGLE RANCH INC

PO BOX 7200
CHESTNUT MOUNTAIN,GA30502 		N/A PC TO EXPAND THE NON-RESIDENTIAL SERVICES TO MORE CHILDREN AND FAMILIES IN THE COMMUNITY. 50,000

EPWORTH BY THE SEA INC

PO BOX 20407
ST SIMONS ISLAND,GA31522 		N/A PC GENERAL SUPPORT 50,000

FELLOWSHIP OF CHRISTIAN ATHLETES

31 MOURY AVE SE
ATLANTA,GA30315 		N/A PC FCA ATL SPORTS MINISTRY - PROGRAMMING FOR BASEBALL, BASKETBALL, SOCCER LEAGUES, CAMPS AND MISSION TRIPS FOR SUMMER 2023. 30,000

FELLOWSHIP OF CHRISTIAN ATHLETES

982 AZALEE HESTER WHARTON WAY
ATLANTA,GA30318 		N/A PC FCA 2023-24 SOUTH DIVISION STAFF MOBILIZATION - TO HIRE AND MOBILIZE KEY LEADERSHIP AND FIELD STAFF IN 14 MAJOR MARKETS (ATLANTA, MIAMI, TAMPA, JACKSONVILLE, ORLANDO, CHARLOTTE, NEW ORLEANS, OKLAHOMA CITY, TULSA, BIRMINGHAM, DALLAS, HOUSTON, LOUISVILLE AND MEMPHIS). 100,000

FLORIDA BAPTIST CHILDRENS HOME

1015 SIKES BLVD
LAKELAND,FL33815 		N/A PC TO SUPPORT THE SINGLE MOMS PROGRAM -- PROVIDING PREVENTATIVE SERVICES TO 203 SINGLE MOMS AND THEIR CHILDREN. 75,000

FLORIDA SOUTHERN COLLEGE

111 LAKE HOLLINGSWORTH DRIVE
LAKELAND,FL33801 		N/A PC CHAPLAIN'S OFFICE RETENTION AND RESILIENCY PROGRAM AND SPRING ADVANCE DISCIPLESHIP SERIES - DESIGNED TO ADDRESS STUDENTS' MENTAL HEALTH NEEDS. 50,000

GATHERING PLACE INC

PO BOX 394
THOMASVILLE,GA31799 		N/A PC GENERAL SUPPORT 60,000

GREATER ATLANTA CHRISTIAN SCHOOLS INC

1575 INDIAN TRAIL LILBURN RD NW
NORCROSS,GA30093 		N/A PC FINANCIAL AID AND CHRISTIAN LIFE FUND - TO SUPPORT NEED-BASED TUITION UP TO $25,000 AND $15,000 FOR THE CHRISTIAN LIFE FUND. 40,000

HEART TO HEART MINISTRIES FOR HIM

PO BOX 957
CUMMING,GA30028 		N/A PC GENERAL SUPPORT 10,000

HOPE ACADEMY INC

2300 CHICAGO AVE S
MINNEAPOLIS,NM55404 		N/A PC GENERAL SUPPORT 50,000

INNER QUEST UNLIMITED

12830 NEW PROVIDENCE RD
ALPHARETTA,GA30004 		N/A PC UPDATING CHILDREN'S OUTDOOR AND INDOOR AREAS AND TEACHER COMPENSATION 20,000

INTERNATIONAL LEADERSHIP INSTITUTE INC

PO BOX 1005
CARROLTON,GA30112 		N/A PC GENERAL SUPPORT 40,000

JESUIT HIGH SCHOOL OF TAMPA INC

4701 N HIMES AVE
TAMPA,FL33614 		N/A PC TO PROVIDE TUITION SUPPORT FOR UP TO THREE YOUNG MEN TO ATTEND JESUIT HIGH SCHOOL OF TAMPA. 50,000

KIDZ 2 LEADERS INC

1640 POWERS FERRY RD
MARIETTA,GA30067 		N/A PC GENERAL SUPPORT 15,000

LAKE POINT CHURCH

PO BOX 106
EMERSON,GA30137 		N/A PC TO PURCHASE A COMMERCIAL LAWNMOWER, ARCHITECTURAL RENDERINGS AND TO HOST FAMILY GATHERINGS IN THE EMERSON NEIGHBORHOODS. 20,000

LIGHTHOUSE FAMILY RETREAT INC

2555 NORTHWINDS PARKWAY
ALPHARETTA,GA30009 		N/A PC WEEK-LONG, SEASIDE FAMILY RETREATS 60,000

MARY HALL FREEDOM VILLAGE INC

445A MARKET PLACE
ROSWELL,GA30075 		N/A PC INNOVATIVE MINDS LEARNING CENTER SUMMER ENRICHMENT PROGRAM 15,000

METCALFE UNITED METHODIST CHURCH

3434 SPRING HILL ROAD
THOMASVILLE,GA31792 		N/A PC THE CASH RESERVE FUND FOR EMERGENCY USES AND OTHER REPAIRS TO THE CHURCH BUILDING. 30,000

MOVING IN THE SPIRIT INC

PO BOX 170230
ATLANTA,GA30317 		N/A PC GENERAL SUPPORT 50,000

NORTH GEORGIA CAMP AND RETREAT MINISTRIES INC

690 CAMP GLISSON ROAD
DAHLONEGA,GA30533 		N/A PC THE EXPERIENTIAL LEADERSHIP INSTITUTE AND GROW DAY CAMPS 25,000

P A C T MINISTRY INC

3000 OLD ALABAMA
ALPHARETTA,GA300225860 		N/A PC GENERAL SUPPORT 45,000

PALMA CEIA PRESBYTERIAN CHURCH

3501 SAN JOSE STREET
TAMPA,FL33629 		N/A PC THE BETHLEHEM INCLUSIVE CONGREGATION EXPANSION ($75,000), AND THE DIGITAL WORSHIP AND FAITH OUTREACH ($75,000). 150,000

PARKER STREET MINISTRIES INC

719 N MASSACHUSETTS AVE
LAKELAND,FL33801 		N/A PC GENERAL SUPPORT 75,000

PEACE RIVER CENTER FOR PERSONAL DEVELOPMENT INC

1239 E MAIN STREET
BARTOW,FL33830 		N/A PC GENERAL SUPPORT 45,000

PEACE RIVER CENTER FOR PERSONAL DEVELOPMENT INC

1240 E MAIN STREET
BARTOW,FL33831 		N/A PC GENERAL SUPPORT 45,000

RADICAL LIFE MINISTRIES INC

PO BOX 1248
KEYSTONE HEIGHTS,FL32656 		N/A PC TO SUPPORT THE PURCHASE OF FURNITURE (FURNITURE, DESKS, CHAIRS AND AIR CONDITIONING) FOR THE COSTA RICA CHRISTIAN SCHOOL. 40,000

SHEPHERDS HILL ACADEMY INC

2200 PRICEROAD
MARTIN,GA30557 		N/A PC PHASE I CAMPUS DEVELOPMENT: CONTINUED CONSTRUCTION OF THE DINING HALL & CONFERENCE CENTER AND RELOCATION OF CONFERENCE AREA FOR FAMILIES AND STUDENTS. 75,000

SMOKE RISE BAPTIST CHURCH

5901 HUGH HOWELL ROAD
STONE MOUNTAIN,GA30078 		N/A PC GENERAL SUPPORT 50,000

SPREADING HOPE

PO BOX 6381
MINNEAPOLIS,MN55406 		N/A PC GENERAL SUPPORT 50,000

ST CHRISTOPHER TRUCKERS DEVELOPMENT & RELIEF FUND INC

PO BOX 30763
KNOXVILLE,TN37930 		N/A PC GENERAL SUPPORT 25,000

ST JOHNS EPISCOPAL PARISH DAY SCHOOL INC

240 S PLANT AVE
TAMPA,FL33606 		N/A PC ST. JOHN'S CAPITAL CAMPAIGN 2024 - 2026: A PLACE TO GROW. TO SUPPORT THE CONSTRUCTION OF A 90,000 SQUARE FOOT ACADEMIC FACILITY. ADDING MORE GREEN SPACE, STATE OF THE ART SPACIOUS CLASSROOMS, LABS AND MEETING SPACES FOR STEM, ROBOTICS AND PERFORMING ARTS. 200,000

THE FIRST UNITED METHODIST CHURCH OF LAKELAND INC

72 LAKE MORTON DRIVE
LAKELAND,FL33801 		N/A PC GENERAL SUPPORT 325,000

THE LIONHEART LIFE CENTER INC

12624 BOARDWELL ROAD
ALPHARETTA,GA30004 		N/A PC LIONHEART WORKS AND HEARTREACH VOCATIONAL PROGRAMS. 40,000

THE SPRING OF TAMPA BAY INC

PO BOX 5147
TAMPA,FL33675 		N/A PC GENERAL SUPPORT 30,000

THOMASVILLE FIRST UNITED METHODIST CHURCH

PO BOX 975
THOMASVILLE,GA31799 		N/A PC TO SUPPORT THE RENOVATION OF THE SANCTUARY. 75,000

VASHTI CENTER INC

1815 E CLAY STREET
THOMASVILLE,GA31792 		N/A NC SPIRITUAL DEVELOPMENT PROGRAM FOR YOUTH IN RESIDENTIAL CARE 59,655

VISION ATLANTA INC

PO BOX 725
BUFORD,GA20520 		N/A PC TO SUPPORT BUILDING A 15,000 SQUARE FOOT LEARNING CENTER, THE BARN AT CAMP GRACE. 100,000

VISION ATLANTA INC

PO BOX 724
BUFORD,GA20519 		N/A PC CAMP GRACE SUMMER 2023 46,000

VOLUNTEERS IN SERVICE TO THE ELDERLY INC

1232 E MAGNOLIA ST
LAKELAND,FL33801 		N/A PC GENERAL SUPPORT 40,000

WARNER UNIVERSITY

13895 HWY 27
LAKE WALES,FL33859 		N/A PC TO PROVIDE INSTITUTIONAL FINANCIAL AID THROUGH THE ROYAL FUND FOR EXCELLENCE. 30,000

WELLSPRING LIVING INC

1040 BOULEVARD SE
ATLANTA,GA30312 		N/A GOV $20 MILLION WELCOME HOME- A CAMPAIGN TO DEEPEN AND BROADEN WELLSPRING LIVING'S IMPACT 150,000

WESLEYAN COLLEGE

4760 FORSYTH ROAD
MACON,GA31210 		N/A PC TO SUPPORT THE RENOVATIONS AT HIGHTOWER RESIDENCE HALL DURING THE 2023 SUMMER MONTHS. 50,000

WESLEYAN SCHOOL

5405 SPALDING DR
PEACHTREE CORNERS,GA30092 		N/A PC TO SUPPORT THE CAPITAL CAMPAIGN FOR THE YOUNG HALL 100,000

YOUNG LIFE - AFRICA

3302 W HORATIO STREET
TAMPA,FL33609 		N/A PC GENERAL SUPPORT 15,000

YOUNG LIFE - MURFREEBORO

PO BOX 741
MURFREESBORO,AL37133 		N/A PC GENERAL SUPPORT 40,000

YOUNG LIFE - POLK COUNTY

PO BOX 8962
LAKELAND,FL33806 		N/A PC GENERAL SUPPORT 30,000

YOUNG LIFE - TAMPA

9803 CREEK CROSS ST
TAMPA,FL33647 		N/A PC GENERAL SUPPORT 170,000

YOUNG LIFE-SOUTHWINDS

18115 SE 95TH STREET
OCKLAWAHA,FL32179 		N/A PC TO SUPPORT THE CONSTRUCTION OF A NEW DINING HALL AND KITCHEN AT SOUTHWINDS CAMP THAT WILL HOST 450 CHILDREN AND YOUTH. 100,000

YOUNG MENS CHRISTIAN ASSOCIATION & YOUTH CENTER OF THOMASVILLE INC

PO BOX 1037
THOMASVILLE,GA31799 		N/A PC HOPE PROGRAM - $25,000 & GENERAL OPERATING SUPPORT - $50,000 75,000

YOUNG MENS CHRISTIAN ASSOCIATION OF WEST CENTRAL FLORIDA INC

3620 CLEVELAND HEIGHTS BLVD
LAKELAND,FL33803 		N/A PC TO SUPPORT THE CAPITAL CAMPAIGN FOR THE LAKELAND FAMILY YMCA - CENTER FOR CHILD DEVELOPMENT ENLARGEMENT, RENOVATION AND ENHANCEMENT 150,000

YOUTH FOR CHRIST USA INC

1 MECA WAY
NORCROSS,GA30093 		N/A PC CAMPUS LIFE + MENTAL HEALTH INITIATIVE 20,000

YOUTH OUTREACH UNITED

1371 HOME PLACE DRIVE
LAWRENCEIVLLE,GA30044 		N/A PC GENERAL SUPPORT 20,000
Total .................................right arrow 3a 4,175,655
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 32,618  
4 Dividends and interest from securities ....     14 1,915,618  
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 .....         8,148,371
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,534,402  
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 3,482,638 8,148,371
13Total. Add line 12, columns (b), (d), and (e)..................
13
11,631,009
(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.)
7 NOT APPLICABLE
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

TY 2023 AccountingFeesSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 82,991 0   82,991

TY 2023 GeneralExplanationAttachment
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Identifier Return Reference Explanation
  PART 1, LINE 26 COLUMN (D) THE FOUNDATION DOES NOT HAVE ANY KNOWLEDGE THAT VASHTI CENTER INC. IS A 509(A)(3) TYPE III NON-FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION. THE FOUNDATION HAS EXERCISED EXPENDITURE RESPONSIBILITY IN MAKING THE GRANT AND HAS NOT TREATED THE GRANT TO SUCH AS A QUALIFYING DISTRIBUTION ON PART I, LINE 26, COLUMN (D) IN THE AMOUNT OF $59,655

TY 2023 InvestmentsCorpStockSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC 1,678,325 1,678,325
ACADEMY SPORTS & OUTDOOR 478,500 478,500
ACCENTURE PLC 1,193,094 1,193,094
AMDOCS LIMITED 1,164,982 1,164,982
AMERICAN SOFTWARE INC 380,132 380,132
APTAR GROUP INC 1,092,801 1,092,801
ARTISAN PARTNERS ASSET MANAGEMENT INC 264,196 264,196
ASTRAZENECA 1,481,700 1,481,700
AZZ INCORPORATED 466,463 466,463
BELDEN INC 222,480 222,480
BLACK HILLS CORP 331,253 331,253
H&R BLOCK INC 272,323 272,323
BROADCOM INC 913,093 913,093
BROWN & BROWN INC 465,059 465,059
BROWN FORMAN CORP CL B 169,302 169,302
CACTUS INC 241,074 241,074
CAMECO CORPORATION 775,800 775,800
CARDINAL HEALTH INC 1,382,976 1,382,976
CARTER'S INC 221,674 221,674
CHARLES SCHWAB CORP 1,398,704 1,398,704
CLOROX CO 1,320,383 1,320,383
COMCAST CORP 1,484,323 1,484,323
CONMED CORPORATION 681,152 681,152
DT MIDSTREAM INC 285,508 285,508
ESCO TECH INC 1,325,365 1,325,365
GENUINE PARTS COMPANY 434,890 434,890
GLOBAL PAYMENTS INC 1,571,117 1,571,117
FULLER H B CO 342,736 342,736
HNI CORP 351,790 351,790
HACKETT GROUP INC 282,120 282,120
HANOVER INSURANCE 217,342 217,342
HASBRO INC 980,352 980,352
HOME DEPOT INC 1,916,422 1,916,422
HONEYWELL INTL INC 1,048,550 1,048,550
HOULIHAN LOKEY INC 311,766 311,766
HUNTINGTON BANCSHARES INC 333,137 333,137
INTERNATIONAL BUSINESS MACHINES 1,144,850 1,144,850
JOHNSON & JOHNSON 1,382,447 1,382,447
JOHNSON CONTROLS INTERNATIONAL PLC 1,641,587 1,641,587
JOHNSON OUTDOORS INC 145,302 145,302
JP MORGAN CHASE 1,326,780 1,326,780
LAMB WESTON HOLDINGS INC 250,769 250,769
LITTELFUSE, INC 1,153,184 1,153,184
LPL FINL HLDGS 232,172 232,172
M&T BANK CORP 1,539,820 1,539,820
MARSH AND MCLENNAN COMPANIES INC 1,002,296 1,002,296
MARVELL TECHNOLOGY, INC 1,193,836 1,193,836
MEDTRONIC PLC 1,070,940 1,070,940
MICROSOFT CORP 1,835,075 1,835,075
MONARCH CASINO&RESORT 239,951 239,951
MONDELEZ INTERNATIONAL INC 941,590 941,590
MOOG INC CL A 600,837 600,837
MSC INDUSTRIAL DRCT 401,496 401,496
MUELLER WATER PRODUCTS INC 344,016 344,016
NEXTERA ENERGY, INC 874,656 874,656
NVENT ELECTRIC PLC 1,757,337 1,757,337
OLD REP INTL CORP 327,222 327,222
OMNICOM GROUP 1,943,880 1,943,880
ONEOK INC 226,108 226,108
ORACLE CORP 1,230,368 1,230,368
PERRIGO CO PLC 298,309 298,309
PFIZER INC 1,038,167 1,038,167
PHILIP MORRIS INTL 1,382,976 1,382,976
POWER INTEGRATIONS, INC 449,963 449,963
PROCTER GAMBLE CO 1,352,564 1,352,564
RESMED INC 235,667 235,667
REVVITY INC 267,810 267,810
REYNOLDS CONSUMER PRODUCTS INC 190,027 190,027
ROGERS COMM CL B 1,364,512 1,364,512
RAYTHEON TECHNOLOGIES CORP 1,107,282 1,107,282
SBA COMMUNICATIONS CORP 1,174,585 1,174,585
S&P GLOBAL INC COM 1,233,456 1,233,456
SAP AKTIENGESELL ADS 1,385,899 1,385,899
SAPIENS INTERNATIONAL CORPORATION NV 278,403 278,403
SERVICE CP INTL 264,902 264,902
SHOE CARNIVAL INC 160,717 160,717
SIMULATIONS PLUS INC 322,648 322,648
SMITH A O CORP DEL COM 259,686 259,686
SOUTH STATE CORPORATION 239,838 239,838
STANDEX INTERNATIONAL CORP 631,936 631,936
STARBUCKS CORP COM 960,100 960,100
TE CONNECTIVITY LTD 1,420,455 1,420,455
TENNANT CO 230,798 230,798
TEXAS PACIFIC LAND CORPORATION 621,118 621,118
THE COCA-COLA CO 1,349,497 1,349,497
TRICO BANCSHARES 298,212 298,212
TURNING POINT BRANDS INC 238,722 238,722
U.S. PHYSICAL THERAPY INC 212,359 212,359
UNITED PARCEL SERVICE 1,100,610 1,100,610
VALMONT INDUSTRIES INC 177,468 177,468
VISA INC 2,134,870 2,134,870
WEC ENERGY GROUP, INC 1,114,832 1,114,832
WALKER & DUNLOP INC 289,736 289,736
WAL-MART STORES INC 1,420,427 1,420,427
WESTROCK COMPANY 418,106 418,106
WILLIS TOWERS WATSON 410,040 410,040
WOODWARD INC 246,395 246,395
ZIMMER BIOMET HOLDINGS 268,957 268,957
ALEXANDRIA REAL ESTATE EQUITIES INC 1,004,018 1,004,018
AMERICAN ASSETS TRUST INC 296,907 296,907
CUBESMART 321,206 321,206
ESSEX PRTY TR INC 324,801 324,801
INDEPENDENCE REALTY TR 206,397 206,397
STAG INDUSTRIAL INC 251,657 251,657
CRAWFORD DIV OPPORTUNITY FUND 10,387,282 10,387,282

TY 2023 LegalFeesSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 1,671 0   1,671


TY 2023 OtherAssetsSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDEND RECEIVABLE 0 81,612 81,612


TY 2023 OtherDecreasesSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Description Amount
CASH TO GAAP ADJUSTMENT (NO TAX IMPACT) 1,941,464


TY 2023 OtherExpensesSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 2,347 2,347   0
CELL PHONE EXPENSE 1,432 0   1,432
COMPUTERS/ELECTRONIC DEVICES 5,843 0   5,843
OFFICE & SUPPLIES 7,577 0   7,577
COMMUNICATIONS FEES 25,849 0   25,849
DUES AND MEMBERSHIPS 9,930 0   9,930
INSURANCE 6,620 0   35,346
ACCRUED CONTRIBUTIONS (APPROVED - NOT PAID) 3,150,000 0   0
LESS: THE VASHTI CENTER CONTRIBUTIONS AS IRC 509 (A)(3) 0 0   -59,655


TY 2023 OtherIncomeSchedule2
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
UNREALIZED PORTFOLIO GAIN 8,148,371 0  


TY 2023 OtherIncreasesSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENT 8,148,371


TY 2023 OtherLiabilitiesSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAXES PAYABLE 0 192,144
FEDERAL EXCISE TAX PAYABLE 0 13,458


TY 2023 OtherProfessionalFeesSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STAFF DEVELOPMENT & TRAINING 310 0   310
IT LICENSE FEES 6,038 0   6,038
SOFTWARE SUBSCRIPTIONS 10,444 0   10,444
PROGRAM SUPPORT CONSULTANT 11,200 0   11,200
PHILANTHROPIC CONSULTING FEES 44,670 0   44,669
INVESTMENT MANAGEMENT FEES 303,723 303,723   0
ADMINISTRATIVE (FOUNDATION SOURCE) 106,592 0   117,522
  0 0   0


TY 2023 TaxesSchedule
Name:
WATKINS CHRISTIAN FOUNDATION INC
EIN:
58-1494832
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 14,109 14,109   0
FEDERAL EXCISE TAX 43,264 0   0
FEDERAL EXCISE TAX - DEFERRED 113,262 0   0