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
SAMUEL S FELS FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)1528 WALNUT STREET SUITE 1002
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA191023627
A Employer identification number

23-1365325
B Telephone number (see instructions)

(215) 731-9455
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$45,116,266J 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 200,889 200,889  
4 Dividends and interest from securities... 1,117,242 1,117,242  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -127,311
b Gross sales price for all assets on line 6a 6,843,754
7 Capital gain net income (from Part IV, line 2)...  
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
32,619 32,619  
12 Total. Add lines 1 through 11........ 1,223,439 1,350,750  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 272,900 13,645   259,255
14 Other employee salaries and wages...... 303,386 8,087   295,299
15 Pension plans, employee benefits....... 135,059 6,753   128,306
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
3,400 170   3,230
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
75,958 3,797   72,161
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
199,113 190,097   9,016
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
3,406    
20 Occupancy.............. 58,430 2,922   55,508
21 Travel, conferences, and meetings....... 35,046 1,752   33,294
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,276 2,514   47,762
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,136,974 229,737   903,831
25 Contributions, gifts, grants paid....... 1,830,000 2,025,000
26 Total expenses and disbursements. Add lines 24 and 25 2,966,974 229,737   2,928,831
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,743,535
b Net investment income (if negative, enter -0-) 1,121,013
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............. 358,932 152,809 152,809
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..........   16,000 16,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 42,630,254 Click to see attachment
List of Attached Documents:
// Content
44,744,101 		44,744,101
14 Land, buildings, and equipment: basis right arrow54,049
Less: accumulated depreciation (attach schedule) right arrow40,756 14,113 Click to see attachment
List of Attached Documents:
// Content
13,293 		13,293
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
262,434 		Click to see attachment
List of Attached Documents:
// Content
190,063 		Click to see attachment
List of Attached Documents:
// Content
190,063
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 43,265,733 45,116,266 45,116,266
Liabilities 17 Accounts payable and accrued expenses.......... 8,694 15,762
18 Grants payable................. 195,000  
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
238,979 		Click to see attachment
List of Attached Documents:
// Content
210,933
23 Total liabilities (add lines 17 through 22)......... 442,673 226,695
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........... 42,823,060 44,889,571
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 42,823,060 44,889,571
30 Total liabilities and net assets/fund balances (see instructions). 43,265,733 45,116,266
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
42,823,060
2
Enter amount from Part I, line 27a .....................
2
-1,743,535
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,885,183
4
Add lines 1, 2, and 3 ..........................
4
44,964,708
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
75,137
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
44,889,571
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 CHARLES SCHWAB 5058 (ST) P 2023-01-01 2023-12-31
b CHARLES SCHWAB 5068 (LT) P 2023-01-01 2023-12-31
c CHARLES SCHWAB 9199 (ST) P 2023-01-01 2023-12-31
d CHARLES SCHWAB 9199 (LT) P 2023-01-01 2023-12-31
e CHARLES SCHWAB 9027 (LT) P 2023-01-01 2023-12-31
CHARLES SCHWAB 5130 (LT) P 2023-01-01 2023-12-31
(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 57,743   58,818 -1,075
b 822,394   852,955 -30,561
c 251,617   266,138 -14,521
d 429,959   446,014 -16,055
e 1,092,768   1,137,120 -44,352
4,189,273   4,210,020 -20,747
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       -1,075
b       -30,561
c       -14,521
d       -16,055
e       -44,352
      -20,747
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 -127,311
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 -15,596
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 15,582
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 15,582
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,582
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 42,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 42,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 26,418
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow16,000 Refundedright arrow 11 10,418
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowPA
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 arrowSAMFELS.ORG
14
The books are in care ofright arrowSAMUEL S FELS FUND Telephone no.right arrow (215) 731-9455

Located atright arrow1528 WALNUT STREET SUITE 1002PHILADELPHIAPA ZIP+4right arrow19102
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
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
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
SARAH MARTINEZ-HELFMAN FOUNDATION P
40.00 		244,400 24,440 3,960
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
FARIHA KHAN BOARD CHAIR
4.00 		6,500 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
MICHAEL BROWN BOARD VICE C
3.00 		0 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
WILL GONZALEZ ESQ TREASURER/SE
2.00 		5,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
TAMER MAKARY TREASURER/SE
1.00 		0 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
JOHN L JACKSON JR BOARD MEMBER
2.00 		0 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
DANYELLE AUSTIN BOARD MEMBER
2.00 		4,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
MICHAEL O'BRYAN BOARD MEMBER
2.00 		4,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
PARI HASHEMI MAGURA BOARD MEMBER
2.00 		4,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
IDA K CHEN BOARD MEMBER
2.00 		0 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
CHELSEA HICKS BOARD MEMBER
2.00 		1,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
NIMRIT KANG BOARD MEMBER
2.00 		4,000 0 0
1528 WALNUT ST STE 1002
PHILADELPHIA,PA19102
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
SHANELL RANSOM PROGRAM OFFI
40.00 		126,951 11,340  
1528 WALNUT STREET STE 1002
PHILADELPHIA,PA19102
MICHELLE CURRICA HERNANDEZ GRANTS & OPS
40.00 		110,535 9,504  
1528 WALNUT STREET STE 1002
PHILADELPHIA,PA19102
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 THE SAMUEL S. FELS FUND (FELS FUND) IS A PRIVATE, INDEPENDENT FOUNDATION WITH A COMMITMENT TO IMPROVING CONDITIONS AND OPPORTUNITIES FOR MARGINALIZED COMMUNITIES WITHIN THE CITY OF PHILADELPHIA. FELS FUND PROVIDES GRANTS TO SUPPORT SERVICES, ADVOCACY AND ACTIVITIES THAT MOVE US TOWARDS A MORE SOCIAL, RACIALLY AND ECONOMICALLY JUST SOCIETY. FELS FUND HAS THREE FUNDING STREAMS: 1. ARTS AND CULTURE 2. SOCIAL, RACIAL AND ECONOMIC JUSTICE 3. IMMIGRANTS AND REFUGEES IN ADDITION TO ITS GRANTMAKING PROGRAMS, FELS FUND INVESTS ITS ENDOWMENT IN FUNDS AND PROJECTS ALIGNED WITH ITS MISSION AND OTHER SOCIALLY RESPONSIBLE OPPORTUNITIES. 2,928,831
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
41,859,633
b
Average of monthly cash balances.......................
1b
1,828,771
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
43,688,404
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
43,688,404
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
655,326
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
43,033,078
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,151,654
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
2,151,654
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
15,582
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,582
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,136,072
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,136,072
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
2,136,072
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
2,928,831
b
Program-related investments—total from Part VIII-B..................
1b
 
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
2,928,831
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 2,136,072
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...... 112,991
b From 2019...... 46,388
c From 2020...... 914,014
d From 2021...... 1,482,387
e From 2022...... 954,012
f Total of lines 3a through e ........ 3,509,792
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,928,831
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..... 2,136,072
e Remaining amount distributed out of corpus 792,759
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 4,302,551
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 .......... 		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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		112,991
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		4,189,560
10 Analysis of line 9:
a Excess from 2019.... 46,388
b Excess from 2020.... 914,014
c Excess from 2021.... 1,482,387
d Excess from 2022.... 954,012
e Excess from 2023.... 792,759
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 e-mail address of the person to whom applications should be addressed:
SAMUEL S FELS FUNDS
1528 WALNUT STREET SUITE 1002
PHILADELPHIA,PA19102
(215) 731-9455
bThe form in which applications should be submitted and information and materials they should include:
FUNDING PRIORITIES AS WELL AS LINKS TO THE TWO-STAGE PROCESS THAT INCLUDES AN INITIAL ONLINE FUNDING INQUIRY FOLLOWED BY AN ONLINE APPLICATION ARE AVAILABLE ON THE SAMUEL S. FELS FUND WEBSITE WWW.SAMFELS.ORG
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

NEW SANCTUARY MOVEMENT OF PHILADELP

2601 POTTER ST
PHILADELPHIA,PA19125 		  PC COMMUNITY FUND FOR BOND AND LEGAL SU 10,000

ASIAN AMERICANS UNITED

1023 CALLOWHILL STREET
PHILADELPHIA,PA19123 		  PC GENERAL SUPPORT 25,000

CAMBODIAN ASSOCIATION OF GREATER PH

5412 N 5TH STREET
PHILADELPHIA,PA19120 		  PC GENERAL SUPPORT 20,000

HIAS AND COUNCIL MIGRATION SERVICE

600 CHESTNUT ST SUITE 500
PHILADELPHIA,PA19106 		  PC GENERAL SUPPORT 50,000

NATIONALITIES SERVICE CENTER

1216 ARCH STREET
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT 50,000

ESPERANZA IMMIGRATION LEGAL SERVICE

4261 N 5TH ST
PHILADELPHIA,PA19140 		  PC GENERAL SUPPORT 15,000

PA IMMIGRATION AND CITIZENSHIP COAL

1900 MARKET ST SUITE 800
PHILADELPHIA,PA19103 		  PC GENERAL SUPPORT 40,000

WELCOMING CENTER FOR NEW PA

5218 WALNUT ST
PHILADELPHIA,PA19139 		  PC GENERAL SUPPORT 30,000

INDOCHINESE-AMERICAN COUNCIL

4936 OLD YORK ROAD
PHILADELPHIA,PA19141 		  PC GENERAL SUPPORT 20,000

AFRICAN FAMILY HEALTH ORGANIZATION

5400 GRAYS AVENUE
PHILADELPHIA,PA19143 		  PC GENERAL SUPPORT 40,000

CEIBA INC

174 DIAMOND ST
PHILADELPHIA,PA19122 		  PC GENERAL SUPPORT 30,000

AFRICOM

6328 PASCHALL AVE
PHILADELPHIA,PA19142 		  PC GENERAL SUPPORT 35,000

JUNTOS

600 WASHINGTON AVENUE
PHILADELPHIA,PA19147 		  PC GENERAL SUPPORT 30,000

JUSTICE AT WORK

990 SPRING GARDEN STREET
PHILADELPHIA,PA19123 		  PC GENERAL SUPPORT 30,000

LA PUERTA ALBIERTA INC

2141 N HOWARD ST
PHILADELPHIA,PA19122 		  PC GENERAL SUPPORT 25,000

NEW SANCTUARY MOVEMENT OF PHILADELP

2601 POTTER ST
PHILADELPHIA,PA19125 		  PC GENERAL SUPPORT 30,000

PHILADELPHIA CHINATOWN DEVELOPMENT

301 N 9TH ST
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT 20,000

PUENTES DE SALUD

1700 SOUTH STREET
PHILADELPHIA,PA19146 		  PC GENERAL SUPPORT 20,000

SEAMAAC INC

1711 S BROAD ST
PHILADELPHIA,PA19148 		  PC GENERAL SUPPORT 30,000

WOORI CENTER

100 W MAIN ST UNIT 320
PHILADELPHIA,PA19446 		  PC GENERAL SUPPORT 15,000

CULTURE TRUST OF GREATER PHILADELPH

1315 WALNUT STREET SUITE
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT FOR CARIBBEAN COMMUN 10,000

PHILAPOSH

3001 WALNUT ST 5TH FL
PHILADELPHIA,PA19104 		  PC GENERAL SUPPORT FOR COALITION FOR RE 10,000

MAP

1643 WALNUT ST STE 1002
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT FOR MILPA 25,000

CULTURE TRUST OF GREATER PHILADELPH

1315 WALNUT STREET SUITE
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT FOR PRESENT MEDIA I 20,000

URBAN AFFAIRS COALITION

1650 ARCH STREET
PHILADELPHIA,PA19103 		  PC GENERAL SUPPORT FOR VIETLEAD 30,000

WELCOMING CENTER FOR NEW PA

211 N 13TH STREET 4TH FL
PHILADELPHIA,PA19107 		  PC IMMIGRANT LEADERSHIP INSTITUTE FUND 10,000

CEIBA INC

174 DIAMOND ST
PHILADELPHIA,PA19122 		  PC LATINO EQUITABLE DEVELOPMENT COLLECT 10,000

ESPERANZA IMMIGRATION LEGAL SERVICE

4261 N 5TH ST
PHILADELPHIA,PA19140 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

LA PUERTA ALBIERTA INC

2141 N HOWARD ST
PHILADELPHIA,PA19122 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

WOORI CENTER

100 W MAIN ST UNIT 320
PHILADELPHIA,PA19446 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

CULTURE TRUST OF GREATER PHILADELPH

1315 WALNUT STREET SUITE
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

PHILAPOSH

3001 WALNUT ST 5TH FL
PHILADELPHIA,PA19104 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

MAP

1643 WALNUT ST STE 1002
PHILADELPHIA,PA19102 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

CULTURE TRUST OF GREATER PHILADELPH

1315 WALNUT STREET SUITE
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

BLACKSTAR PROJECTS

S 9TH ST
PHILADELPHIA,PA19148 		  PC GENERAL SUPPORT 20,000

GIRLS ROCK PHILLY

1428 GERMANTOWN AVE
PHILADELPHIA,PA19122 		  PC GENERAL SUPPORT 20,000

KYL DANCERS

1316 S 9TH ST
PHILADELPHIA,PA19147 		  PC GENERAL SUPPORT 10,000

PHILADELPHIA YOUNG PLAYWRIGHTS

1219 VINE STREET
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT 20,000

SPIRAL Q LLC

4247 W STILES ST
PHILADELPHIA,PA19104 		  PC GENERAL SUPPORT 20,000

12 GATES ARTS

106 N 2ND ST
PHILADELPHIA,PA19106 		  PC GENERAL SUPPORT 10,000

OLLIN YOLITZLI CALMECAC

2062 S CECIL ST
PHILADELPHIA,PA19143 		  PC GENERAL SUPPORT 10,000

PHILADELPHIA ASSEMBLY INC

1201 N 3RD ST UNIT 308
PHILADELPHIA,PA19122 		  PC GENERAL SUPPORT 20,000

BLACK PEARL CHAMBER ORCHESTRA

30 S 15TH ST
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT 5,000

SCRIBE VIDEO CENTER

3908 LANCASTER AVENUE
PHILADELPHIA,PA19104 		  PC GENERAL SUPPORT 20,000

AAMP

701 ARCH ST
PHILADELPHIA,PA19106 		  PC GENERAL SUPPORT 25,000

AL-BUSTAN SEEDS CULTURE

3645 LANCASTER AVENUE
PHILADELPHIA,PA19104 		  PC GENERAL SUPPORT 20,000

AAI

1451 ROCKVILLE PIKE SUIT
ROCKVILLE,MD20852 		  PC GENERAL SUPPORT 25,000

INTERCULTURAL JOURNEYS INC

701 S 50TH STREET
PHILADELPHIA,PA19143 		  PC GENERAL SUPPORT 10,000

TALLER PR

2721 N 5TH STREET
PHILADELPHIA,PA19133 		  PC GENERAL SUPPORT 25,000

LA GUAGUA 47

2417 PINE STREET
PHILADELPHIA,PA19103 		  PC GENERAL SUPPORT 10,000

BEYOND THE BARS

3500 LANCASTER AVENUE
PHILADELPHIA,PA19104 		  PC GENERAL SUPPORT 15,000

KULU MELE AFRICAN AMER DANCE ENSEM

4529 GERMANTOWN AVE
PHILADELPHIA,PA19144 		  PC GENERAL SUPPORT 20,000

PFP

PO BOX 31848
PHILADELPHIA,PA19104 		  PC GENERAL SUPPORT 20,000

PFP

PO BOX 31848
PHILADELPHIA,PA19104 		  PC GENERAL SUPPORT FOR IGLESIAS GARDEN 10,000

CULTURE TRUST OF GREATER PHILADELPH

1315 WALNUT STREET SUITE
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT FOR OLNEY CULTURE LA 10,000

CULTURE TRUST OF GREATER PHILADELPH

1315 WALNUT STREET SUITE
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT WARRIOR WRITERS 15,000

KULU MELE AFRICAN AMER DANCE ENSEM

4529 GERMANTOWN AVE
PHILADELPHIA,PA19144 		  PC LEADERSHIP DEVELOPMENT & WELLNESS 8,000

GIRLS ROCK PHILLY

1428 GERMANTOWN AVE
PHILADELPHIA,PA19122 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

KYL DANCERS

1316 S 9TH ST
PHILADELPHIA,PA19147 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

OLLIN YOLITZLI CALMECAC

2062 S CECIL ST
PHILADELPHIA,PA19143 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

SPIRAL Q LLC

4247 W STILES ST
PHILADELPHIA,PA19104 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

12 GATES ARTS

106 N 2ND ST
PHILADELPHIA,PA19106 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

PHILADELPHIA ASSEMBLY INC

1201 N 3RD ST UNIT 308
PHILADELPHIA,PA19122 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

BLACK PEARL CHAMBER ORCHESTRA

30 S 15TH ST
PHILADELPHIA,PA19102 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

INTERCULTURAL JOURNEYS INC

701 S 50TH STREET
PHILADELPHIA,PA19143 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

LA GUAGUA 47

2417 PINE STREET
PHILADELPHIA,PA19103 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

PFP

PO BOX 31848
PHILADELPHIA,PA19104 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

PFP

PO BOX 31848
PHILADELPHIA,PA19104 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

CULTURE TRUST OF GREATER PHILADELPH

1315 WALNUT STREET SUITE
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

CULTURE TRUST OF GREATER PHILADELPH

1315 WALNUT STREET SUITE
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

MAP

1643 WALNUT ST STE 1002
PHILADELPHIA,PA19102 		  PC CAPACITY BUILDING 75,000

EDUCATION LAW CENTER - PA

1800 JFK BOULEVARD
PHILADELPHIA,PA19103 		  PC GENERAL SUPPORT 25,000

PA VOICE

709 N 2ND ST SUITE 400 1
PHILADELPHIA,PA19123 		  PC GENERAL SUPPORT 50,000

PUBLIC INTEREST LAW CENTER OF PHILA

1500 JOHN F KENNEDY BLVD
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT 25,000

YOUTH EMPOWERMENT FOR ADVANCEMENT H

5257 WALTON AVE
PHILADELPHIA,PA19143 		  PC GENERAL SUPPORT 30,000

URBAN TREE CONNECTION

1445 N 52ND STREET
PHILADELPHIA,PA19131 		  PC GENERAL SUPPORT 30,000

AMISTAD LAW PROJECT

PO BOX 9148
PHILADELPHIA,PA19139 		  PC GENERAL SUPPORT 30,000

MAP

1643 WALNUT ST STE 1002
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT 30,000

POWER

1415 N BROAD ST STE 223
PHILADELPHIA,PA19122 		  PC GENERAL SUPPORT 30,000

WE REIGN INC

2152 N 28TH ST 2ND FLOOR
PHILADELPHIA,PA19121 		  PC GENERAL SUPPORT 10,000

BLACK MEN HEAL

63 LANCASTER AVENUE
ARDMORE,PA19003 		  PC GENERAL SUPPORT 30,000

YOUTH SENTENCING & REENTRY PROJECT

1528 WALNUT STREET
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT 30,000

PHILA AREA COOPERATIVE ALLIANCE

1315 WALNUT ST 300
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT 25,000

PHILLIPS BLACK INC

1721 BROADWAY STE 201
OAKLAND,CA94612 		  PC GENERAL SUPPORT 25,000

COLLECTIVE CLIMB

5541 FLORENCE AVENUE
PHILADELPHIA,PA19143 		  PC GENERAL SUPPORT 10,000

INDIGENOUS PEOPLES' DAY PHILLY INC

1500 CHESTNUT STREET 110
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT 10,000

FEDERATION OF NEIGHBORHOOD CENTERS

1901 S 9TH STREET BOK RO
PHILADELPHIA,PA19148 		  PC GENERAL SUPPORT 15,000

URBED INC

1315 WALNUT ST STE 320
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT 10,000

WOMEN'S MEDICAL FUND

BOX 40748
PHILADELPHIA,PA19107 		  PC GENERAL SUPPORT 25,000

CHILDREN FIRST FORMERLY PCCY

990 SPRING GARDEN ST UNIT
PHILADELPHIA,PA19123 		  PC GENERAL SUPPORT FOR LIFT EVERY VOICE 30,000

NATIONAL DOMESTIC WORKERS ALLIANCE

45 BROADWAY
NEW YORK,NY10006 		  PC GENERAL SUPPORT FOR PA DOMESTIC WORK 30,000

MAP

1643 WALNUT ST STE 1002
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT FOR THE ORGANIZING C 30,000

OPEN COLLECTIVE FOUNDATION

440 N BARRANCA AVENUE
COVINA,CA91723 		  PC GENERAL SUPPORT FOR THE WOMANIST WOR 25,000

MAP

1643 WALNUT ST STE 1002
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT FOR YASP 25,000

WE REIGN INC

2152 N 28TH ST 2ND FLOOR
PHILADELPHIA,PA19121 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

BLACK MEN HEAL

63 LANCASTER AVENUE
ARDMORE,PA19003 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

INDIGENOUS PEOPLES' DAY PHILLY INC

1500 CHESTNUT STREET 110
PHILADELPHIA,PA19102 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

PHILA AREA COOPERATIVE ALLIANCE

1315 WALNUT ST 300
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

PHILLIPS BLACK INC

1721 BROADWAY STE 201
OAKLAND,CA94612 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

URBED INC

1315 WALNUT ST STE 320
PHILADELPHIA,PA19107 		  PC LEADERSHIP DEVELOPMENT/WELLNESS 8,000

CHILDREN FIRST FORMERLY PCCY

990 SPRING GARDEN ST UNIT
PHILADELPHIA,PA19123 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

MAP

1643 WALNUT ST STE 1002
PHILADELPHIA,PA19102 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

OPEN COLLECTIVE FOUNDATION

440 N BARRANCA AVENUE
COVINA,CA91723 		  PC LEADERSHIP DEVELOPMENT/WELLNESS FOR 8,000

NORRIS SQUARE COMMUNITY ALLIANCE

174 DIAMOND STREET
PHILADELPHIA,PA19122 		  PC NEIGHBORHOOD PLANNING PROCESS FOR AM 20,000

RESOLVE PHILADELPHIA

699 RANSTEAD ST STE 3
PHILADELPHIA,PA19106 		  PC SHAKE THE TABLE 20,000

GENDER JUSTICE FUND

1501 CHERRY STREET
PHILADELPHIA,PA19102 		  PC TRANS RESILIENCE FUND 50,000
Total .................................right arrow 3a 2,025,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 200,889  
4 Dividends and interest from securities ....     14 1,117,242  
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 -127,311  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aDE-CARCERATION FUND LP 		    18 -17,458  
bRFIA     18 90,002  
cSHIFT NEIGHBORHOOD FUND     18 -51,483  
dPHILA COMMUNITY IMPACT FUND     18 14,108  
ePLAIN SIGHT CAPITAL FUND     18 -6,176  
fRAGING CAPITAL FUND     18 3,626  
12 Subtotal. Add columns (b), (d), and (e) ..   1,223,439  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,223,439
(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.)
1A THE FUND'S REVENUE IS GENERATED FROM INCOME EARNED ON ITS INVESTMENT PORTFOLIO, SALES OF INVESTMENTS AND UNREALIZED GAINS ON ITS INVESTMENTS. THE FUND USES THE FUNDS DERIVED FROM THIS INCOME TO PROVIDE GRANTS TO SUPPORT SERVICES, ADVOCACY AND ACTIVITIES THAT MOVE TOWARDS A MORE SOCIALLY, RACIALLY, AND ECONOMICALLY JUST SOCIETY.
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:
SAMUEL S FELS FUND
EIN:
23-1365325
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 37,149 1,857   35,292
AUDIT EXPENSES 38,809 1,940   36,869

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

TY 2023 DepreciationSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
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
ART 1988-01-01 720   STRAIGHT LINE          
ART 1989-01-01 135   STRAIGHT LINE          
ART (PRINT BY R HOLMAN) 2005-06-08 300   STRAIGHT LINE          
PURCHASE OF 1PRINT (LETICIA NIXON) 2008-06-19 350   STRAIGHT LINE          
2ADOBESTANDARD9.0UPGRADEROBIN&TIM 2009-06-24 650   STRAIGHT LINE 5.0000        
SCANNERJET5590 2009-06-24 359   STRAIGHT LINE 5.0000        
NEWCOUNTERTOPS 2009-10-30 925   STRAIGHT LINE 7.0000        
3 NEW COMPUTER HARD DRIVES, MS OFFICE 2007 2010-04-27 3,264   STRAIGHT LINE 5.0000        
OFFICE EQUIPMENT 2011-03-01 433   STRAIGHT LINE 5.0000        
ONLINE BACK-UP COMPUTER 2011-03-30 750   STRAIGHT LINE 5.0000        
CHAIRS-UPHOLSTER 2011-07-14 2,994   STRAIGHT LINE 7.0000        
TABLE FOR NEW OFFICE LOBBY 2012-04-17 225   STRAIGHT LINE 7.0000        
VACUUM 2012-05-01 432   STRAIGHT LINE 5.0000        
COMPUTER - WIRING FOR NEW OFFICE SPACE 2012-06-14 1,485   STRAIGHT LINE 7.0000        
REFRIG, 2 TABLES, 3 PHONES NEW OFFICE SPACE 2012-08-07 2,159   STRAIGHT LINE 7.0000        
CABINETS AND SHELVES NEW OFFICE SPACE 2012-08-23 775   STRAIGHT LINE 7.0000        
CELL PHONE - TM 2012-12-01 375   STRAIGHT LINE 5.0000        
NEW CHAIR - HC OFFICE 2014-03-04 950   STRAIGHT LINE 7.0000        
NEW LAP TOP COMPUTER 2015-06-08 945   STRAIGHT LINE 5.0000        
DELL OFFICE COMPUTER 2015-11-20 4,375   STRAIGHT LINE 5.0000        
LOGITECH CANVAS IPAD AIR 2 - BLACK - PARI H. 2015-12-11 922   STRAIGHT LINE 5.0000        
NETGEAR GS116, ENGENIUS EAP600 WIRELESS 2015-12-21 1,346   STRAIGHT LINE 5.0000        
DELL SMALL BUSINESS 2015-12-21 1,361   STRAIGHT LINE 5.0000        
QUILL - 2 FILE CABINETS 2016-01-26 510   STRAIGHT LINE 5.0000        
D. WICE - IPAD 2016-11-28 755   STRAIGHT LINE 5.0000        
CONFERENCE ROOM BUFFET 2017-01-24 3,338 477 STRAIGHT LINE 7.0000 477      
DESKS AND FILE CABINETS 2017-03-15 2,052 293 STRAIGHT LINE 7.0000 293      
TM NEW LAPTOP AND ACCESSORIES 2018-10-15 1,366 273 STRAIGHT LINE 5.0000 273      
PROJECT & CONFERENCE ROOM LAPTOP 2018-10-15 764 153 STRAIGHT LINE 5.0000 153      
LAPTOP AND ACCESSORIES 2019-04-15 819 164 STRAIGHT LINE 5.0000 164      
FURNITURE 2019-09-06 601 86 STRAIGHT LINE 7.0000 86      
SR LAPTOP AND ACCESSORIES 2019-09-06 1,165 233 STRAIGHT LINE 5.0000 233      
FURNITURE 2019-10-01 860 123 STRAIGHT LINE 7.0000 123      
APPLE (SMH NEW TABLET) (12.2.19) 2019-12-02 1,436 287 STRAIGHT LINE 5.0000 287      
MISCROSOFT (MC TABLET) (1.6.2020) 2020-01-30 976 195 STRAIGHT LINE 5.0000 195      
DELL LAPTOP FOR MLC (986.23) 2020-12-10 1,045 209 STRAIGHT LINE 5.0000 209      
DELL LAPTOP FOR SMH 2020-12-10 1,278 256 STRAIGHT LINE 5.0000 256      
DELL NEW LAPTOP PURCHASE FOR TM 2021-12-03 1,373 275 STRAIGHT LINE 5.0000 275      
DELL NEW LAPTOP PURCHASE FOR SR 2022-07-10 1,775 148 STRAIGHT LINE 5.0000 148      
SMART TV 2022-10-21 3,820 127 STRAIGHT LINE 5.0000 127      
DELL NEW LAPTOP 2022-12-03 1,300 22 STRAIGHT LINE 5.0000 22      
DELL NEW LAPTOP GCV 2023-08-01 1,742   STRAIGHT LINE 5.0000 74      
3 IN 1 LASER PRINTER SMH 2023-12-04 323   STRAIGHT LINE 5.0000 5      
OFFICE CHAIR SMH 2023-12-04 523   STRAIGHT LINE 7.0000 6      

TY 2023 InvestmentsOtherSchedule2
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUND FMV 43,929,101 43,929,101
COMMUNITY INVESTMENTS FMV 815,000 815,000

TY 2023 LandEtcSchedule2
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
FURNITURE & FIXTURES 54,049 40,756 13,293 13,293


TY 2023 LegalFeesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 3,400 170   3,230


TY 2023 OtherAssetsSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID INSURANCE 1,227 1,399 1,399
SECURITY DEPOSIT 6,869 6,869 6,869
EXCISE TAX RECEIVABLE 35,117 10,418 10,418
RIGHT OF USE ASSET 202,338 171,377 171,377
DEFERRED EXCISE TAX 16,883    


TY 2023 OtherDecreasesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Amount
EXCISE TAX 75,137


TY 2023 OtherExpensesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
BANK CHARGES 839 42   797
DUES & SUBSCRIPTIONS 7,645 382   7,263
OFFICE 41,792 2,090   39,702


TY 2023 OtherIncomeSchedule2
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
DE-CARCERATION FUND LP -17,458 -17,458  
RFIA 90,002 90,002  
SHIFT NEIGHBORHOOD FUND -51,483 -51,483  
PHILA COMMUNITY IMPACT FUND 14,108 14,108  
PLAIN SIGHT CAPITAL FUND -6,176 -6,176  
RAGING CAPITAL FUND 3,626 3,626  


TY 2023 OtherIncreasesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Amount
UNREALIZED (GAIN) LOSS ON INVESTMENT 3,882,833
UNREALIZED NET GAIN ON EQUITY INV OVER K-1 GAINS 2,350


TY 2023 OtherLiabilitiesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Description Beginning of Year - Book Value End of Year - Book Value
POST EMPLOYEE BENEFITS 36,641 26,889
DEFERRED EXCISE TAXES   28,662
LEASE LIABILITY 202,338 155,382


TY 2023 OtherProfessionalFeesSchedule
Name:
SAMUEL S FELS FUND
EIN:
23-1365325
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADIVSORY FEES 190,097 190,097    
COMPUTER CONSULTANT 9,016     9,016