Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
The Roy F & Joann Cole Mitte Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1106 Clayton Lane 545W
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Austin, TX78723
A Employer identification number

74-2766058
B Telephone number (see instructions)

(512) 233-5599
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$27,729,623J 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 14,250 14,250  
4 Dividends and interest from securities... 84,969 84,969  
5a Gross rents............ 3,756 3,756  
b Net rental income or (loss) 3,756
6a Net gain or (loss) from sale of assets not on line 10 2,617,011
b Gross sales price for all assets on line 6a 10,982,290
7 Capital gain net income (from Part IV, line 2)... 2,617,011
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
81,740 30,356  
12 Total. Add lines 1 through 11........ 2,801,726 2,750,342  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 318,673 53,658   243,342
14 Other employee salaries and wages...... 308,663 48,582   227,638
15 Pension plans, employee benefits....... 97,280 10,804   81,066
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
647,751 234,591   6,908
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
29,309 11,200   17,766
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
49,961 17,207   39,313
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
111,805 10,370   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
114,722 1,870  
20 Occupancy.............. 100,089 4,448   97,086
21 Travel, conferences, and meetings....... 27,314 4,470   8,505
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
34,941 4,809   30,180
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,840,508 402,009   751,804
25 Contributions, gifts, grants paid....... 395,375 398,750
26 Total expenses and disbursements. Add lines 24 and 25 2,235,883 402,009   1,150,554
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 565,843
b Net investment income (if negative, enter -0-) 2,348,333
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............. 112,921 61,770 61,770
2 Savings and temporary cash investments......... 281,115 256,768 256,768
3 Accounts receivable right arrow3,234
Less: allowance for doubtful accounts right arrow   2,815 3,234 3,234
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.......... 21,464 28,830 28,830
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,488,457 Click to see attachment
List of Attached Documents:
// Content
2,934,257 		2,934,257
c Investments—corporate bonds (attach schedule)....... 224,024 Click to see attachment
List of Attached Documents:
// Content
1,070,456 		1,070,456
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).......... 3,604,408 Click to see attachment
List of Attached Documents:
// Content
3,459,431 		20,024,860
14 Land, buildings, and equipment: basis right arrow3,561,324
Less: accumulated depreciation (attach schedule) right arrow211,876 4,437,894 Click to see attachment
List of Attached Documents:
// Content
3,349,448 		3,349,448
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,173,098 11,164,194 27,729,623
Liabilities 17 Accounts payable and accrued expenses.......... 47,314 102,498
18 Grants payable................. 106,875 117,000
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)    
23 Total liabilities (add lines 17 through 22)......... 154,189 219,498
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........... 10,018,909 10,944,696
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)..... 10,018,909 10,944,696
30 Total liabilities and net assets/fund balances (see instructions). 10,173,098 11,164,194
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
10,018,909
2
Enter amount from Part I, line 27a .....................
2
565,843
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
441,684
4
Add lines 1, 2, and 3 ..........................
4
11,026,436
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
81,740
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,944,696
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b Sale of 1002 & 1032 Elizabeth St., Brownsville, TX 78520 P 2023-04-28 2023-11-15
c Sale of 1008 West Avenue, Austin, TX 78701 P 2004-01-07 2023-04-19
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 4,954,494   4,894,378 60,116
b 2,371,198   2,464,454 -93,256
c 3,656,598   1,006,447 2,650,151
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       60,116
b       -93,256
c       2,650,151
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 2,617,011
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 32,642
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 32,642
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 32,642
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 25,700
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 3,442
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.mittefoundation.org
14
The books are in care ofright arrowCarolyn Molstad Telephone no.right arrow (512) 233-5599

Located atright arrow1106 Clayton Lane Suite 545WAustinTX ZIP+4right arrow78723
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)
Yes
 
(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
 
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
 
 
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
RJ Mitte President
8.00 		19,346 0 0
1106 Clayton Lane Suite 545W
Austin,TX78723
John Butler Treasurer
6.00 		17,778 0 0
1106 Clayton Lane Suite 545W
Austin,TX78723
Dianne Carriere Secretary
6.00 		17,778 0 0
1106 Clayton Lane Suite 545W
Austin,TX78723
Lacianne Carriere Director
4.00 		15,288 0 0
1106 Clayton Lane Suite 545W
Austin,TX78723
Tyler Carriere Director
2.00 		15,288 0 0
1106 Clayton Lane Suite 545W
Austin,TX78723
Joseph C McCormick Director
2.00 		15,288 0 0
1106 Clayton Lane Suite 545W
Austin,TX78723
Dyna Mitte Dir / Assoc Dir
46.00 		189,879 3,833 0
1106 Clayton Lane Suite 545W
Austin,TX78723
Roy De los Santos Director
6.00 		15,288 0 0
1106 Clayton Lane Suite 545W
Austin,TX78723
Ruth Anne Tomlinson Director
2.00 		12,740 0 0
1106 Clayton Lane Suite 545W
Austin,TX78723
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
Carolyn Molstad Executive Director
40.00 		220,241 4,326 0
1106 Clayton Lane Suite 545W
Austin,TX78723
Julie Gunn Office Manager
40.00 		92,378 1,848 0
1106 Clayton Lane Suite 545W
Austin,TX78723
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
McGinnis Lochridge Legal 540,680
1111 W 6th Street Bldg B Ste 400
Austin,TX78703
Enoch Kever PLLC Legal 85,855
7600N Capital of Texas Highway Bldg
B Ste 200
Austin,TX78703
Patricia Cuellar PV Construction Plumbing 79,470
4 Palmetto Court
Brownsville,TX78520
Designs By Sandra Landscaping 50,215
2017 Santa Ana Avenue
Rancho Viejo,TX78575
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 The Mitte Cultural District is a 501(c)(3) public charity organized by the City of Brownsville, Texas to promote and enhance historical, cultural, and educational activities through programming and cultural events. The Mitte Foundation development project includes construction of venues and parking facilities designed to enhance the Mitte Cultural District's ability to provide programs and events addressing various community needs, including, but not limited to, activities designed to expand awareness of health and welfare, art and culture, career and educational opportunities, and charitable organization administrative/cooperative efforts. In 2023, The Mitte Foundation devoted capital expenditures and project oversight costs of $524,075 towards this project. 524,075
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
2,775,784
b
Average of monthly cash balances.......................
1b
142,620
c
Fair market value of all other assets (see instructions)................
1c
19,706,207
d
Total (add lines 1a, b, and c).........................
1d
22,624,611
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
22,624,611
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
339,369
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
22,285,242
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,114,262
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
1,114,262
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
32,642
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
32,642
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,081,620
4
Recoveries of amounts treated as qualifying distributions................
4
32,038
5
Add lines 3 and 4............................
5
1,113,658
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
1,113,658
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
1,150,554
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
113,904
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
1,264,458
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 1,113,658
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...... 540,387
b From 2019...... 586,274
c From 2020...... 447,261
d From 2021...... 496,474
e From 2022...... 1,106,188
f Total of lines 3a through e ........ 3,176,584
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,264,458
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..... 1,113,658
e Remaining amount distributed out of corpus 150,800
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 3,327,384
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) ... 		540,387
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,786,997
10 Analysis of line 9:
a Excess from 2019.... 586,274
b Excess from 2020.... 447,261
c Excess from 2021.... 496,474
d Excess from 2022.... 1,106,188
e Excess from 2023.... 150,800
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:
Coleith Molstad The Roy F Joann Col
1106 Clayton Lane Suite 545W
Austin,TX78723
(512) 233-5579
bThe form in which applications should be submitted and information and materials they should include:
Go to www.mittefoundation.org for application
cAny submission deadlines:
Go to www.mittefoundation.org for application deadlines
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Go to www.mittefoundation.org for restrictions
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
Alydia Little


318 Golden Gate Dr
Leander,TX78641 		None I Scholarship 10,000
Angelica Orosco


215 Wooded Way
Bertram,TX78605 		None I Scholarship 10,000
Arohan Shrestha


11105 Andenwood Dr
Austin,TX78726 		None I Scholarship 10,000
Brienna Martinez


1603 Ashberry Dr
Austin,TX78723 		None I Scholarship 10,000
Chelsea Palecek


503 Arroyo Vista Dr
Manchaca,TX78652 		None I Scholarship 10,000
Eberardo Trejo


12009 Abrams Dr
Dell Valle,TX78617 		None I Scholarship 10,000
Harrison Mayhew


2211 Summit Ridge Dr
San Marcos,TX78666 		None I Scholarship 10,000
Faith Geistweidt


1184 Meusebach Creek
Fredericksburg,TX78624 		None I Scholarship 10,000
Jack Lance


9801 Derecho Bend
Austin,TX78737 		None I Scholarship 10,000
Joshua Russell


161 Housefinch Loop
Leander,TX78641 		None I Scholarship 10,000
Kiara Morales-Mendez


6600 Elm Creek Dr Trlr 242
Austin,TX78744 		None I Scholarship 10,000
Lizbeth Lozano


1525 East Palm Valley Blvd
Round Rock,TX78664 		None I Scholarship 10,000
Mary Catherine Legreid


338 Musgrove Road
Normangee,TX77871 		None I Scholarship 10,000
Morgan Garrison


14405 Jacobson Rd
Del Valle,TX78617 		None I Scholarship 10,000
Reece Thomson


510 Mueller St Lot 11
Fredericksburg,TX78624 		None I Scholarship 10,000
Wesley Beaman


701 Cr 343a
Marble Falls,TX78654 		None I Scholarship 10,000
Sruthi Keerthipati


1604 Sienna Dr
Cedar Park,TX78613 		None I Scholarship 10,000
Kiara Morales-Mendez


6600 Elm Creek Dr Trlr 242
Austin,TX78744 		None I Scholarship 10,000
Ali Steadman


1111 Terrier Cove
Round Rock,TX78664 		None I Scholarship 10,000
Gabriel Galvez


1600 South Lakeline Blvd Apt 1214
Cedar Park,TX78613 		None I Scholarship 10,000
Drew Hilton


4925 Cromwell Dr 330
Kyle,TX78613 		None I Scholarship 10,000
Bridgett Grady


523 Jesse St
Rockdale,TX76567 		None I Scholarship 10,000
Nia Lessire


36 Michael Dr
Harper,TX78631 		None I Scholarship 10,000
Aidan Miksch


3705 Vacek Loop
Schulenburg,TX78956 		None I Scholarship 10,000
Olivia Moore


300 Harry G Schmidt Rd
Fredericksburg,TX78624 		None I Scholarship 10,000
Tien Pham


17713 Powder Creek Dr
Manor,TX78653 		None I Scholarship 10,000
Bailey Pullin


1137 Jackson Road
Kerrville,TX78028 		None I Scholarship 10,000
Mohammad Rahman


3508 Teesdale Cv
Pflugerville,TX78660 		None I Scholarship 10,000
Sloan Spenrath


8750 US Hwy 290
Harper,TX78631 		None I Scholarship 10,000

Mitte Cultural District

PO Box 5006
Brownsville,TX78523 		N/A PC Grant to support salary for Executive Director and misc. development/office expenses 106,875

Philanthropy Southwest

3000 Pegasus Park Dr Ste 706
Dallas,TX75247 		N/A PC General support 1,875
Total .................................right arrow 3a 398,750
bApproved for future payment

Brownsville Wellness Coalition
1 W University Blvd
Brownsville,TX78520 		N/A PC Grant to support the StartUp Texas Accelerator Program 117,000
Total ................................. right arrow 3b 117,000
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 14,250  
4 Dividends and interest from securities ....     14 84,969  
5 Net rental income or (loss) from real estate:
aDebt-financed property......     16 3,756  
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 2,617,011  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 passthrough income 		525990 51,384 14 30,356  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 51,384 2,750,342 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,801,726
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bookkeeping 4,908 0   5,566
Tax preparation fees 6,600 2,300   3,300
Audit 17,801 8,900   8,900

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

TY 2023 DepreciationSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
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
Computer Equipment 2010-01-01 5,161 3,511 SL 5.000000000000 762 0    
Furniture & Fixtures 2010-01-01 2,237 359 SL 10.000000000000 920 0    
Building - Brownsville 2020-01-01 884,417 45,106 SL 40.000000000000 29,831 0    
Land 2020-01-01 1,313,612   L   0 0    
Improvements - Brownsville 2020-01-01 1,174,738 53,622 SL 40.000000000000 77,765 0    
Artwork 2020-01-01 181,159   NC 0 % 0 0    

TY 2023 InvestmentsCorpBondsSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Name of Bond End of Year Book Value End of Year Fair Market Value
MFB NORTHERN FUNDS BD INDEX FD CUSIP: 665162533 420,332 420,332
MFB NORTHERN HIGH YIELD FIXED INCOME FUND CUSIP: 66516 115,997 115,997
MFC FLEXSHARES TR TR IBOXX 3 YR TARGET DURATION TIPS INDEX FD CUSIP: 84,229 84,229
MFC FLEXSHARES TRUST HIGH YIELD VALUE SCORED BOND INDEX FUND 181,422 181,422
MFC ISHARES TRUST ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND 268,476 268,476

TY 2023 InvestmentsCorpStockSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Name of Stock End of Year Book Value End of Year Fair Market Value
MFB NORTHERN FUNDS EMERGING MARKETS EQUITYINDEX CUSIP: 665162582 92,040 92,040
MFB NORTHERN EQUITY INDEX FUNDS INTL EQT INDEX CUSIP: 665130209 282,858 282,858
MFB NORTHERN FUNDS STK INDEX FD CUSIP: 665162772 307,332 307,332
MFB NORTHERN MULTI MANAGER GLOBAL LISTEDINFRASTRUCTURE FUND 43,467 43,467
MFO DFA INVESTMENT DIMENSIONS GROUP INC US SMALL CAP CUSIP: 2332038 128,760 128,760
MFO DFA INVT DIMENSIONS GROUP INC U S CORE EQUITY 1 PORT CUSIP: 233203 196,362 196,362
MFC FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD 121,335 121,335
MFC FLEXSHARES TR MORNINGSTAR DEVELOPED MARKETS EX US FACTOR TILT INDEX 149,687 149,687
MFC ISHARES CORE S&P MID-CAP ETF CUSIP: 464287507 133,309 133,309
MFC VANGUARD INDEX FDS TOTAL STOCK MARKET ETF CUSIP: 922908769 236,983 236,983
DESPEGAR COM CORP COM NPV 150,036 150,036
BROOKFIELD CORP VTG SHS CL A CUSIP: 11271J107 13,039 13,039
ALIGN TECHNOLOGY INC COM 22,194 22,194
ALTERYX INC COM CL A COM CL A CUSIP: 02156B103 88,001 88,001
BLOCK INC CUSIP: 852234103 94,212 94,212
BOX INC CL A CL A CUSIP: 10316T104 21,051 21,051
OLO INC CL A CL A CUSIP: 68134L109 54,557 54,557
PEGASYSTEMS INC COM CUSIP: 705573103 87,704 87,704
REDFIN CORP COM CUSIP: 75737F108 164,903 164,903
SIX FLAGS ENTMT CORP NEW COM CUSIP: 83001A102 74,237 74,237
STONEX GROUP INC COM CUSIP: 861896108 221,933 221,933
TRUPANION INC COM CUSIP: 898202106 72,553 72,553
WAYFAIR INC CL A CL A CUSIP: 94419L101 64,415 64,415
WORKDAY INC CL A COM USD0.001 CUSIP: 98138H101 56,316 56,316
XPEL INC COM CUSIP: 98379L100 56,973 56,973

TY 2023 InvestmentsOtherSchedule2
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CF UBS (US) TRUMBULL PROPERTY LP FUND FMV 215,016 215,016
MFB NORTHERN FDS GLOBAL REAL ESTATE INDEX FD CUSIP: 665162541 FMV 93,072 93,072
BGCP Holdings II, L.P. AT COST 150,000 163,500
Summard Oaks Investments, LLC FMV 1,343 1,343
WC 3rd and Congress LP AT COST 1,000,000 8,135,929
WS 1st and Trinity LP AT COST 2,000,000 11,416,000

TY 2023 LandEtcSchedule2
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Computer Equipment 5,161 4,273 888 888
Furniture & Fixtures 2,237 1,279 958 958
Building - Brownsville 884,417 74,937 809,480 809,480
Land 1,313,612 0 1,313,612 1,313,612
Improvements - Brownsville 1,174,738 131,387 1,043,351 1,043,351
Artwork 181,159 0 181,159 181,159


TY 2023 LegalFeesSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal fees 647,751 234,591   6,908


TY 2023 OtherDecreasesSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Description Amount
Taxable income adjustments for partnership investments 81,740


TY 2023 OtherExpensesSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bank charges 484 127   357
Membership dues 1,838 482   1,601
Insurance 14,656 2,293   11,367
Internet 1,470 120   1,417
Advertising 1,500 0   2,063
Office expense 1,808 198   1,626
Postage 753 198   569
Telephone 6,084 1,391   4,794
Licenses/permits/software 6,348 0   6,386


TY 2023 OtherIncomeSchedule2
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 passthrough income 81,740 30,356 81,740


TY 2023 OtherIncreasesSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Description Amount
Unrealized increase in value of investment 441,684


TY 2023 OtherProfessionalFeesSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Consulting 2,000 0   1,644
Scholarship program administration 28,605 0   35,520
Computer support services 57 15   42
Payroll service fees 2,857 750   2,107
Investment management fees 16,442 16,442   0


TY 2023 TaxesSchedule
Name:
The Roy F & Joann Cole Mitte Foundation
EIN:
74-2766058
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Property tax 82,605 10,370   0
Excise tax 29,200 0   0