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 Penny Project Foundation
 
% JAMES TRIANDIFLOU
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

88-1593190
B Telephone number (see instructions)

(800) 839-1754
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$561,380J 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) 449,776
2 Check right arrow.............
3 Interest on savings and temporary cash investments 5,737 5,737  
4 Dividends and interest from securities... 3,116 3,116  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 70,744
b Gross sales price for all assets on line 6a 1,081,678
7 Capital gain net income (from Part IV, line 2)... 472,243
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
1,000    
12 Total. Add lines 1 through 11........ 530,373 481,096  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,962     50,962
14 Other employee salaries and wages...... 168,718     168,718
15 Pension plans, employee benefits....... 12,145     12,145
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
4,057 4,057    
17 Interest............... 2,681 89    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,000      
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
28,282    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 60,273     60,273
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,013     47,013
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 379,131 4,146   339,111
25 Contributions, gifts, grants paid....... 775,480 497,475
26 Total expenses and disbursements. Add lines 24 and 25 1,154,611 4,146   836,586
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -624,238
b Net investment income (if negative, enter -0-) 476,950
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.............      
2 Savings and temporary cash investments......... 282,004 11,355 11,355
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 arrow250,000
Less: allowance for doubtful accounts right arrow   0 Click to see attachment
List of Attached Documents:
// Content
250,000 		250,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 759,810 Click to see attachment
List of Attached Documents:
// Content
198,652 		200,106
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow141,409
Less: accumulated depreciation (attach schedule) right arrow41,490 118,876 Click to see attachment
List of Attached Documents:
// Content
99,919 		99,919
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,160,690 559,926 561,380
Liabilities 17 Accounts payable and accrued expenses.......... 2,852 20,042
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 12,212 Click to see attachment
List of Attached Documents:
// Content
18,496
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 15,064 38,538
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,145,626 521,388
29 Total net assets or fund balances (see instructions)..... 1,145,626 521,388
30 Total liabilities and net assets/fund balances (see instructions). 1,160,690 559,926
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
1,145,626
2
Enter amount from Part I, line 27a .....................
2
-624,238
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
521,388
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
521,388
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
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,081,678   609,435 472,243
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       472,243
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 472,243
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 6,630
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 6,630
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 6,630
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 5,020
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,800
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,820
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 190
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow190 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$   (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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
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 arrowNC
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 arrow  
14
The books are in care ofright arrowJAMES TRIANDIFLOU Telephone no.right arrow (800) 839-1754

Located atright arrow7602 McCrimmon ParkwayCaryNC ZIP+4right arrow27519
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)
Yes
 
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Jody Foster Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Lynn Franey Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Amy Triandiflou Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Annagrace Triandiflou Dir
40.0 		50,962 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Daniel Triandiflou Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
James Triandiflou Dir, Pres
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
Ms Danielle Lucido Project Coordinator
40.0 		50,962 0 0
501 SILVERSIDE RD
WILMINGTON,DE198091377
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
 
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  
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 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
319,500
b
Average of monthly cash balances.......................
1b
201,985
c
Fair market value of all other assets (see instructions)................
1c
146,575
d
Total (add lines 1a, b, and c).........................
1d
668,060
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
0
3
Subtract line 2 from line 1d.........................
3
668,060
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
10,021
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
658,039
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
32,902
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
32,902
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
6,630
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,630
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
26,272
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
26,272
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
26,272
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
836,586
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
278,005
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,114,591
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 26,272
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 92,592
f Total of lines 3a through e ........ 92,592
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,114,591
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..... 26,272
e Remaining amount distributed out of corpus 1,088,319
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 1,180,911
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) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,180,911
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 92,592
e Excess from 2023.... 1,088,319
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).)
James Triandiflou
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

KIDSMART

2533 COLUMBUS ST STE 201
NEW ORLEANS,LA70119 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 11,973

A GIFT FOR TEACHING INC

6501 MAGIC WAY BLDG 400C
ORLANDO,FL32809 		N/A PC General & Unrestricted 3,000

A PRECIOUS CHILD INC

7051 W 118TH AVE
BROOMFIELD,CO80020 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,450

ALBUQUERQUE PUBLIC SCHOOLS FOUNDATION

PO BOX 25704
ALBUQUERQUE,NM87125 		N/A PC General & Unrestricted 2,000

ASSISTANCE LEAGUE OF LOS ANGELES

6640 W SUNSET BLVD
LOS ANGELES,CA90028 		N/A PC General & Unrestricted 26,700

AUGUSTINE LITERACY PROJECT-CHARLOTTE

115 W 7TH ST
CHARLOTTE,NC28202 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,862

BANKON BATON ROUGE

700 LAUREL ST
BATON ROUGE,LA70802 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 8,734

BEYOND OUR WALLS INC

2615 HARVEY AVE
N CHARLESTON,SC29405 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 6,016

BIG HOUSE BOOKS

133 MILLSAPS AVE
JACKSON,MS39202 		N/A PC General & Unrestricted 2,500

BONNIES BOOK FOUNDATION

PO BOX 285
RALEIGH,NC27602 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 7,284

BOOK EM

161 RAINS AVE
NASHVILLE,TN37203 		N/A PC General & Unrestricted 7,000

BOOK FAIRIES INC

70 NORTH MAIN ST
FREEPORT,NY11520 		N/A PC General & Unrestricted 40,000

BOOKGIVE INC

4890 LOWELL BLVD
DENVER,CO80221 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,573

BOOKS BETWEEN KIDS INC

PO BOX 25072
HOUSTON,TX77265 		N/A PC General & Unrestricted 4,000

BOOKS LIKE ME INC

7021 PELICAN ISLAND DR
TAMPA,FL33634 		N/A PC General & Unrestricted 2,096

BOOKS SAVE LIVES

2137 E EDISON ST
TUCSON,AZ85719 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 6,636

BOOKSMILES

7300 N CRESCENT BLVD UNIT 10
PENNSAUKEN,NJ08110 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,034

BORN TO READ INC

703 BLADEN ST
BEAUFORT,SC29902 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 7,664

BRIDGE OF BOOKS FOUNDATION INC

PO BOX 39
RUMSON,NJ07760 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,059

CHARLESTON HOPE

PO BOX 21315
CHARLESTON,SC29413 		N/A PC General & Unrestricted 5,000

CHILDREN READ INC

1271 JODY LN NE
ATLANTA,GA30329 		N/A PC General & Unrestricted 3,000

CHILDRENS ADVOCACY CENTER FOR THE PIKES PEAK REGIO

2335 ROBINSON ST
COLO SPRINGS,CO80904 		N/A PC General & Unrestricted 5,000

CHILDRENS BOOK PROJECT

3433 21ST ST
SAN FRANCISCO,CA94110 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 12,559

CHILDRENS MUSEUM OF RICHMOND

2626 W BROAD ST
RICHMOND,VA23220 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,005

CHILDRENS READING ALLIANCE

3880 FOOTHILLS RD STE A
LAS CRUCES,NM88011 		N/A PC General & Unrestricted 9,980

CHRISTMAS HOUSE INC

PO BOX 3543
CHAPEL HILL,NC27515 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,829

CLAP FOR OUR YOUTH

7520 THOREAU CIR
ATLANTA,GA30349 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,044

CLEVELAND FOUNDATION

1422 EUCLID AVE STE 1300
CLEVELAND,OH44115 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 5,131

COLORADO LITERACY & LEARNING CENTER

1924 MONTEBELLO DR W
COLORADO SPGS,CO80918 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,682

COMMUNITY PARTNERS

PO BOX 741265
LOS ANGELES,CA90074 		N/A PC General & Unrestricted 12,000

DELAWARE FOSTER PARENT ASSOCIATION

1505 E NEWPORT PIKE
WILMINGTON,DE19804 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 993

EARLY LEARNING PARTNERSHIP OF

2020 ALUMNI DR
ROCK HILL,SC29733 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,121

EDVENTURE INC

211 GERVAIS ST
COLUMBIA,SC29201 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 3,204

ELLIOTS LIBRARY INC

5431 ELMWOOD AVE
STEVENS POINT,WI54482 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 12,674

EPISCOPAL DIOCESE OF ATLANTA INC

2744 PEACHTREE RD NW
ATLANTA,GA30305 		N/A PC General & Unrestricted 11,975

EVERY CHILD A READER IN ESCAMBIA

PO BOX 71
PENSACOLA,FL32591 		N/A PC General & Unrestricted 25,411

FAMILY TREE INC

3805 MARSHALL ST
WHEATRIDGE,CO80033 		N/A PC General & Unrestricted 2,000

FIRST GEN SUCCESS

13524 BOULDER CREEK DR
CHARLOTTE,NC28273 		N/A PC General & Unrestricted 19,760

FOSTER LOVE INC

5047 DEFIANCE WAY
SAN DIEGO,CA92115 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 5,659

FOSTER THE LOVE LOUISIANA INC

113 JARED DR
BROUSSARD,LA70518 		N/A PC General & Unrestricted 10,000

GOVERNORS EARLY LITERACY FOUNDATION

710 JAMES ROBERTSON PKWY
NASHVILLE,TN37243 		N/A PC General & Unrestricted 45,000

HAPPY WHEELS INC

PO BOX 406
LEXINGTON,SC29071 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 3,534

HEARTS TO HANDS

4150 CROSSINGS LN
HOOVER,AL35242 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 150

HILL & HIGH WATER

340 HIDDEN VALLEY DR
WILMINGTON,NC28409 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,267

HOPE AT HAND INC

3886 ATLANTIC BLVD
JACKSONVILLE,FL32207 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 3,264

HOPE CENTER INC

3400 N ELIZABETH ST
DENVER,CO80205 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 4,366

I HAVE A DREAM FOUNDATION-LOS ANGELES

3580 WILSHIRE BLVD STE 720
LOS ANGELES,CA90010 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 16,896

IDEAS FOR US

1030 W KALEY AVE
ORLANDO,FL32805 		N/A PC General & Unrestricted 14,500

JERSEY CITY CONNECTIONS INC

3000 JOHN F KENNEDY BLVD STE 306
JERSEY CITY,NJ07306 		N/A PC General & Unrestricted 25,000

KID SMART

4122 MOSS ROSE DR
NASHVILLE,TN37216 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 876

KIDSMART

2533 COLUMBUS ST STE 201
NEW ORLEANS,LA70119 		N/A PC General & Unrestricted 25,000

KIDS CROSSING INC

1440 E FOUNTAIN BLVD
COLORADO SPGS,CO80910 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,647

KIDS ON THE MOVE INC

475 W 260 N
OREM,UT84057 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 3,785

LAMBERT HOUSE

1818 15TH AVE
SEATTLE,WA98122 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 997

LEAD TO READ INC

6022 N STRATHBURY AVE
KANSAS CITY,MO64151 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 4,944

LITERACY COUNCIL OF BUNCOMBE COUNTY

86 VICTORIA RD BLDG B
ASHEVILLE,NC28801 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 7,294

LITTLE FREE LIBRARY LTD

2327 WYCLIFF ST
SAINT PAUL,MN55114 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 36,953

LITTLE READ WAGON

3825 SIERRA VISTA WAY
NORMAN,OK73071 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 8,202

LITTLE RED WAGON

10301 JIMENEZ ST
SYLMAR,CA91342 		N/A PC General & Unrestricted IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,407

LIVE AGAIN FRESNO

1145 W HEDGES AVE
FRESNO,CA93728 		N/A PC General & Unrestricted 16,500

MAKE WAY FOR BOOKS

700 N STONE AVE
TUCSON,AZ85705 		N/A PC General & Unrestricted 30,000

MORE BOOKS IN CHILDRENS HANDS

1022 OAK HILLS DR
COLORADO SPGS,CO80919 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 4,093

NEGRO LEAGUES BASEBALL MUSEUM INC

1616 E 18TH ST 2ND FLOOR
KANSAS CITY,MO64108 		N/A PC General & Unrestricted 5,000

NEVADA KIDS FOUNDATION INC

400 SUNSET SPRINGS LN
SPARKS,NV89441 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 5,205

NEW HOPE NEW BEGINNINGS

126 RAWLEY AVE
MOUNT AIRY,NC27030 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,015

NOTE IN THE POCKET INC

9650 STRICKLAND RD STE 103 PMB 168
RALEIGH,NC27615 		N/A PC General & Unrestricted 3,000

OSWEGO BOOKMOBILE INC

PO BOX 5405
OSWEGO,NY13126 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 988

PAGE AHEAD CHILDRENS LITERACY PRGM

1130 NW 85TH ST
SEATTLE,WA98117 		N/A PC General & Unrestricted 8,000

PENCIL FOUNDATION

7199 COCKRILL BEND BLVD
NASHVILLE,TN37209 		N/A PC General & Unrestricted 15,000

PROMISING PAGES

4020 YANCEY RD
CHARLOTTE,NC28217 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,319

RAISING A READER

489 VALLEY WAY
MILPITAS,CA95035 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,046

READ A BOOK EARN A BOOK INC

435 S TRYON ST UNIT 601
CHARLOTTE,NC28202 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,639

READ AND FEED

193 HIGH HOUSE RD
CARY,NC27511 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 15,270

READ TO ME

3767 STARRY NIGHT LOOP
CASTLE ROCK,CO80109 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,789

READ TO SUCCEED ASHEVILLE

PO BOX 18652
ASHEVILLE,NC28814 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,439

READ2SUCCEED INC

17033 S DIXIE HWY
PALMETTO BAY,FL33157 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,664

READING IS FUNDAMENTAL OF SOUTHERN CALIFORNIA INCO

7250 BANDINI BLVD STE 209
COMMERCE,CA90040 		N/A PC General & Unrestricted 12,000

READING QUEST

369 MONTEZUMA AVE PMB 652
SANTA FE,NM87501 		N/A PC General & Unrestricted 5,000

READY KIDS FOR SCHOOL

PO BOX 43
JEFFERSON,WI53549 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 17,503

SADDLE UP AND READ

PO BOX 1525
WENDELL,NC27591 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 5,285

SHADOW PROJECT

PO BOX 3107
PORTLAND,OR97208 		N/A PC General & Unrestricted 10,000

SHARING PLACE INC

1695 E 3300 S
SALT LAKE CTY,UT84106 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 368

SHELTERKIDS INC

177 W PRICE AVE
S SALT LAKE,UT84115 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,800

SMART READING

101 SW MARKET ST
PORTLAND,OR97201 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 3,098

SPECIAL OLYMPICS NORTH CAROLINA INC

2200 GATEWAY CENTRE BLVD STE 201
MORRISVILLE,NC27560 		N/A PC General & Unrestricted 25,000

SPREAD THE WORD NEVADA

1065 AMERICAN PACIFIC DR STE 160
HENDERSON,NV89074 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 3,300

ST AMBROSE EPISCOPAL CHURCH

813 DARBY ST
RALEIGH,NC27610 		N/A PC General & Unrestricted 1,989

STAIR OF BIRMINGHAM

3703 5TH AVE S STE 400
BIRMINGHAM,AL35222 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 12,241

THE ALICE AYCOCK POE CENTER FOR HEALTH EDUCATION

224 SUNNYBROOK RD
RALEIGH,NC27610 		N/A PC General & Unrestricted 22,558

THE COUNCIL ON AGING OF BUNCOMBE COUNTY INC

46 SHEFFIELD CIR
ASHEVILLE,NC28803 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,172

THE MARYLAND BOOK BANK INC

1794 UNION AVE
BALTIMORE,MD21211 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,091

THE REAL PROGRAM INC

19 ATLANTIC ST
LYNN,MA01902 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,942

TIME OUT YOUTH

3800 MONROE RD
CHARLOTTE,NC28205 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 5,258

UPLIFT LITERACY INC

8300 SW 162ND ST
PALMETTO BAY,FL33157 		N/A PC General & Unrestricted 2,920

THE SANCTUARY OF THE NORTHEAST FLORIDA INC

120 E 8TH ST
JACKSONVILLE,FL32206 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 2,619

WATSON CHILDRENS SHELTER INC

4978 BUCKHOUSE LN
MISSOULA,MT59804 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 5,166

WHERE LOVE GROWS INC

13948 CIRCA CROSSING DR APT 312
LITHIA,FL33547 		N/A PC General & Unrestricted 7,970

HILL & HIGH WATER

340 HIDDEN VALLEY DR
WILMINGTON,NC28409 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 1,200

DELAWARE FOSTER PARENT ASSOCIATION

1505 E NEWPORT PIKE
WILMINGTON,DE19804 		N/A PC General & Unrestricted (IN-KIND GRANTS - SEE GENERAL EXPLANATION) 4,343
Total .................................right arrow 3a 775,480
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 5,737  
4 Dividends and interest from securities ....     14 3,116  
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 70,744  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aINSURANCE CLAIM REFUND 		    01 1,000  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   80,597  
13Total. Add line 12, columns (b), (d), and (e)..................
13
80,597
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

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

88-1593190
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
The Penny Project Foundation
  		Employer identification number
88-1593190
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
JAMES A TRIANDIFLOU 2015 REV TR
7602 McCrimmon Parkway
 
Cary, NC275190847

$ 449,776


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
The Penny Project Foundation
  		Employer identification number

88-1593190
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 SPDR S&P 500 ETF TRUST SPY, 585 sh. $ 251,124 2023-10-19
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 SPDR S&P 500 ETF TRUST SPY, 421 sh. $ 198,652 2023-12-20
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The Penny Project Foundation
  		Employer identification number

88-1593190
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


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TY 2023 DepreciationSchedule
Name:
The Penny Project Foundation
EIN:
88-1593190
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
PENNY PROJECT RV 2022-06-24 132,085 13,209 SL 5 28,281      
PENNY PROJECT RV 2022-06-24 9,324   SL 5 0      

TY 2023 GeneralExplanationAttachment
Name:
The Penny Project Foundation
EIN:
88-1593190
Identifier Return Reference Explanation
FORM 990-PF, PARTS I AND XIV FORM 990-PF, PARTS I AND XIV TOTAL Part I, Line 25, Column (a) and Part XIV, Line 3a: $775,480 Less amount counted as a qualifying distribution on Part XI, Line 2: $278,005 TOTAL Part I, Line 25, Column (d): $479,475
PART I LINE 25 AND PART XIV LINE 3A PART I LINE 25 AND PART XIV LINE 3A DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING VALUE OF DONATED ITEMS: PURCHASE PRICE TOTAL FAIR MARKET VALUE OF PROPERTY: $278,005 TOTAL BOOK VALUE OF PROPERTY: $278,005 TOTAL CASH PORTION OF GRANTS: $31,615 TOTAL AMOUNT OF GRANTS: $309,620 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $- DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: BOOKS UNITS: 944 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: SADDLE UP AND READ FMV OF PROPERTY: $5,285 BOOK VALUE OF PROPERTY: $5,285 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $5,285 DESCRIPTION OF PROPERTY: BOOKS UNITS: 2,001 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: READ AND FEED FMV OF PROPERTY: $15,270 BOOK VALUE OF PROPERTY: $15,270 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $15,270 DESCRIPTION OF PROPERTY: BOOKS UNITS: 476 DATE OF DISTRIBUTION: 3/17/2023 GRANT RECIPIENT: READ2SUCCEED INC FMV OF PROPERTY: $2,664 BOOK VALUE OF PROPERTY: $2,664 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $2,664 DESCRIPTION OF PROPERTY: BOOKS UNITS: 388 DATE OF DISTRIBUTION: 1/18/2023 GRANT RECIPIENT: THE COUNCIL ON AGING OF BUNCOMBE COUNTY INC FMV OF PROPERTY: $2,172 BOOK VALUE OF PROPERTY: $2,172 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $2,172 DESCRIPTION OF PROPERTY: BOOKS UNITS: 1,306 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: LITERACY COUNCIL OF BUNCOMBE COUNTY FMV OF PROPERTY: $7,294 BOOK VALUE OF PROPERTY: $7,294 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $7,294 DESCRIPTION OF PROPERTY: BOOKS UNITS: 5,883 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: LITTLE FREE LIBRARY LTD FMV OF PROPERTY: $36,953 BOOK VALUE OF PROPERTY: $36,953 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $36,953 DESCRIPTION OF PROPERTY: BOOKS UNITS: 333 DATE OF DISTRIBUTION: 1/25/2023 GRANT RECIPIENT: AUGUSTINE LITERACY PROJECT-CHARLOTTE FMV OF PROPERTY: $1,862 BOOK VALUE OF PROPERTY: $1,862 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,862 DESCRIPTION OF PROPERTY: BOOKS UNITS: 938 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: TIME OUT YOUTH FMV OF PROPERTY: $5,258 BOOK VALUE OF PROPERTY: $5,258 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $5,258 DESCRIPTION OF PROPERTY: BOOKS UNITS: 1,304 DATE OF DISTRIBUTION: 2/3/2023 GRANT RECIPIENT: BONNIES BOOK FOUNDATION FMV OF PROPERTY: $7,284 BOOK VALUE OF PROPERTY: $7,284 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $7,284 DESCRIPTION OF PROPERTY: BOOKS UNITS: 181 DATE OF DISTRIBUTION: 2/16/2023 GRANT RECIPIENT: NEW HOPE NEW BEGINNINGS FMV OF PROPERTY: $1,015 BOOK VALUE OF PROPERTY: $1,015 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,015 DESCRIPTION OF PROPERTY: BOOKS UNITS: 573 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: EDVENTURE INC FMV OF PROPERTY: $3,204 BOOK VALUE OF PROPERTY: $3,204 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $3,204 DESCRIPTION OF PROPERTY: BOOKS UNITS: 29 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: BORN TO READ INC FMV OF PROPERTY: $164 BOOK VALUE OF PROPERTY: $164 CASH PORTION OF GRANT: $7,500 TOTAL AMOUNT OF GRANT: $7,664 DESCRIPTION OF PROPERTY: BOOKS UNITS: 1,076 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: BEYOND OUR WALLS INC FMV OF PROPERTY: $6,016 BOOK VALUE OF PROPERTY: $6,016.00 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $6,016 DESCRIPTION OF PROPERTY: BOOKS UNITS: 632 DATE OF DISTRIBUTION: 3/7/2023 GRANT RECIPIENT: HAPPY WHEELS INC FMV OF PROPERTY: $3,534 BOOK VALUE OF PROPERTY: $3,534 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $3,534 DESCRIPTION OF PROPERTY: BOOKS UNITS: 200 DATE OF DISTRIBUTION: 4/4/2023 GRANT RECIPIENT: EARLY LEARNING PARTNERSHIP FMV OF PROPERTY: $1,121 BOOK VALUE OF PROPERTY: $1,121 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,121 DESCRIPTION OF PROPERTY: BOOKS UNITS: 415 DATE OF DISTRIBUTION: 4/11/2023 GRANT RECIPIENT: PROMISING PAGES FMV OF PROPERTY: $2,319 BOOK VALUE OF PROPERTY: $2,319 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $2,319 DESCRIPTION OF PROPERTY: BOOKS UNITS: 153 DATE OF DISTRIBUTION: 4/12/2023 GRANT RECIPIENT: READ A BOOK EARN A BOOK INC FMV OF PROPERTY: $1,639 BOOK VALUE OF PROPERTY: $1,639 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,639
PART I LINE 25 AND PART XIV LINE 3A PART I LINE 25 AND PART XIV LINE 3A DESCRIPTION OF PROPERTY: BOOKS UNITS: 366 DATE OF DISTRIBUTION: 4/14/2023 GRANT RECIPIENT: RAISING A READER FMV OF PROPERTY: $2,046 BOOK VALUE OF PROPERTY: $2,046.00 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $2,046 DESCRIPTION OF PROPERTY: BOOKS UNITS: 2,269 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: ELLIOTS LIBRARY INC FMV OF PROPERTY: $12,674 BOOK VALUE OF PROPERTY: $12,674 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $12,674 DESCRIPTION OF PROPERTY: BOOKS UNITS: 309 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: HOPE AT HAND INC FMV OF PROPERTY: $864 BOOK VALUE OF PROPERTY: $864 CASH PORTION OF GRANT: $2,400 TOTAL AMOUNT OF GRANT: $3,264 DESCRIPTION OF PROPERTY: BOOKS UNITS: 465 DATE OF DISTRIBUTION: 5/8/2023 GRANT RECIPIENT: THE SANCTUARY OF THE NORTHEAST FLORIDA INC FMV OF PROPERTY: $2,619 BOOK VALUE OF PROPERTY: $2,619 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $2,619 DESCRIPTION OF PROPERTY: BOOKS UNITS: 844 DATE OF DISTRIBUTION: 5/23/2023 GRANT RECIPIENT: READY KIDS FOR SCHOOL FMV OF PROPERTY: $17,503 BOOK VALUE OF PROPERTY: $17,503 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $17,503 DESCRIPTION OF PROPERTY: BOOKS UNITS: 227 DATE OF DISTRIBUTION: 7/10/2023 GRANT RECIPIENT: HILL & HIGH WATER FMV OF PROPERTY: $1,267 BOOK VALUE OF PROPERTY: $1,267 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,267 DESCRIPTION OF PROPERTY: CLOTHING UNITS: 215 DATE OF DISTRIBUTION: 7/10/2023 GRANT RECIPIENT: HILL & HIGH WATER FMV OF PROPERTY: $1,200 BOOK VALUE OF PROPERTY: $1,200 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,200 DESCRIPTION OF PROPERTY: SHOES UNITS: 177 DATE OF DISTRIBUTION: 7/13/2023 GRANT RECIPIENT: DELAWARE FOSTER PARENT ASSOCIATION FMV OF PROPERTY: $993 BOOK VALUE OF PROPERTY: $993 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $993 DESCRIPTION OF PROPERTY: BOOKS UNITS: 778 DATE OF DISTRIBUTION: 7/13/2023 GRANT RECIPIENT: DELAWARE FOSTER PARENT ASSOCIATION FMV OF PROPERTY: $4,343 BOOK VALUE OF PROPERTY: $4,343 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $4,343 DESCRIPTION OF PROPERTY: BOOKS UNITS: 257 DATE OF DISTRIBUTION: 7/14/2023 GRANT RECIPIENT: READ TO SUCCEED ASHEVILLE FMV OF PROPERTY: $1,439 BOOK VALUE OF PROPERTY: $1,439 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,439 DESCRIPTION OF PROPERTY: BOOKS UNITS: 517 DATE OF DISTRIBUTION: 7/30/2023 GRANT RECIPIENT: CLEVELAND FOUNDATION FMV OF PROPERTY: $5,131 BOOK VALUE OF PROPERTY: $5,131 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $5,131 DESCRIPTION OF PROPERTY: BOOKS UNITS: 150 DATE OF DISTRIBUTION: 8/1/2023 GRANT RECIPIENT: KID SMART FMV OF PROPERTY: $876 BOOK VALUE OF PROPERTY: $876 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $876 DESCRIPTION OF PROPERTY: BOOKS UNITS: 2,125 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: KIDSMART FMV OF PROPERTY: $11,973 BOOK VALUE OF PROPERTY: $11,973 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $11,973 DESCRIPTION OF PROPERTY: BOOKS UNITS: 1,100 DATE OF DISTRIBUTION: 8/4/2023 GRANT RECIPIENT: STAIR OF BIRMINGHAM FMV OF PROPERTY: $12,240 BOOK VALUE OF PROPERTY: $12,240 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $12,240 DESCRIPTION OF PROPERTY: BOOKS UNITS: 1,273 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: BANKON BATON ROUGE FMV OF PROPERTY: $8,734 BOOK VALUE OF PROPERTY: $8,734 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $8,734
PART I LINE 25 AND PART XIV LINE 3A PART I LINE 25 AND PART XIV LINE 3A DESCRIPTION OF PROPERTY: BOOKS UNITS: 520 DATE OF DISTRIBUTION: 8/10/2023 GRANT RECIPIENT: FOSTER LOVE INC FMV OF PROPERTY: $5,659 BOOK VALUE OF PROPERTY: $5,659 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $5,659 DESCRIPTION OF PROPERTY: BOOKS UNITS: 1,460 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: LITTLE READ WAGON FMV OF PROPERTY: $8,202 BOOK VALUE OF PROPERTY: $8,202 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $8,202 DESCRIPTION OF PROPERTY: BOOKS UNITS: 350 DATE OF DISTRIBUTION: 9/21/2023 GRANT RECIPIENT: LITTLE RED WAGON FMV OF PROPERTY: $2,407 BOOK VALUE OF PROPERTY: $2,407 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $2,407 DESCRIPTION OF PROPERTY: BOOKS UNITS: 499 DATE OF DISTRIBUTION: 8/25/2023 GRANT RECIPIENT: READ TO ME FMV OF PROPERTY: $2,789 BOOK VALUE OF PROPERTY: $2,789 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $2,789 DESCRIPTION OF PROPERTY: BOOKS UNITS: 189 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: I HAVE A DREAM FOUNDATION-LOS ANGELES FMV OF PROPERTY: $3,681 BOOK VALUE OF PROPERTY: $3,681 CASH PORTION OF GRANT: $13,215 TOTAL AMOUNT OF GRANT: $16,896 DESCRIPTION OF PROPERTY: BOOKS UNITS: 726 DATE OF DISTRIBUTION: 9/27/2023 GRANT RECIPIENT: CHILDRENS BOOK PROJECT FMV OF PROPERTY: $4,059 BOOK VALUE OF PROPERTY: $4,059 CASH PORTION OF GRANT: $8,500 TOTAL AMOUNT OF GRANT: $12,559 DESCRIPTION OF PROPERTY: BOOKS UNITS: 555 DATE OF DISTRIBUTION: 10/13/2023 GRANT RECIPIENT: SMART READING FMV OF PROPERTY: $3,098 BOOK VALUE OF PROPERTY: $3,098 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $3,098 DESCRIPTION OF PROPERTY: BOOKS UNITS: 178 DATE OF DISTRIBUTION: 10/18/2023 GRANT RECIPIENT: LAMBERT HOUSE FMV OF PROPERTY: $997 BOOK VALUE OF PROPERTY: $997 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $997 DESCRIPTION OF PROPERTY: BOOKS UNITS: 125 DATE OF DISTRIBUTION: 1/7/2023 GRANT RECIPIENT: BOOKSMILES FMV OF PROPERTY: $1,034 BOOK VALUE OF PROPERTY: $1,034 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,034 DESCRIPTION OF PROPERTY: BOOKS UNITS: 697 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: BOOKS SAVE LIVES FMV OF PROPERTY: $6,636 BOOK VALUE OF PROPERTY: $6,636 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $6,636 DESCRIPTION OF PROPERTY: BOOKS UNITS: 614 DATE OF DISTRIBUTION: 10/23/2023 GRANT RECIPIENT: WATSON CHILDRENS SHELTER INC FMV OF PROPERTY: $5,166 BOOK VALUE OF PROPERTY: $5,166 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $5,166 DESCRIPTION OF PROPERTY: BOOKS UNITS: 590 DATE OF DISTRIBUTION: 11/2/2023 GRANT RECIPIENT: SPREAD THE WORD NEVADA FMV OF PROPERTY: $3,300 BOOK VALUE OF PROPERTY: $3,300 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $3,300 DESCRIPTION OF PROPERTY: BOOKS UNITS: 322 DATE OF DISTRIBUTION: 11/21/2023 GRANT RECIPIENT: SHELTERKIDS INC FMV OF PROPERTY: $1,800 BOOK VALUE OF PROPERTY: $1,800 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,800 DESCRIPTION OF PROPERTY: BOOKS UNITS: 65 DATE OF DISTRIBUTION: 11/22/2023 GRANT RECIPIENT: SHARING PLACE INC FMV OF PROPERTY: $368 BOOK VALUE OF PROPERTY: $368 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $368 DESCRIPTION OF PROPERTY: BOOKS UNITS: 226 DATE OF DISTRIBUTION: 11/27/2023 GRANT RECIPIENT: KIDS ON THE MOVE INC FMV OF PROPERTY: $3,785 BOOK VALUE OF PROPERTY: $3,785 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $3,785
PART I LINE 25 AND PART XIV LINE 3A PART I LINE 25 AND PART XIV LINE 3A DESCRIPTION OF PROPERTY: apparel UNITS: 37 DATE OF DISTRIBUTION: 12/1/2023 GRANT RECIPIENT: A Precious Child FMV OF PROPERTY: $735 BOOK VALUE OF PROPERTY: $735 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $735 DESCRIPTION OF PROPERTY: toys UNITS: 15 DATE OF DISTRIBUTION: 12/1/2023 GRANT RECIPIENT: A Precious Child FMV OF PROPERTY: $312 BOOK VALUE OF PROPERTY: $312 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $312 DESCRIPTION OF PROPERTY: arts & crafts UNITS: 25 DATE OF DISTRIBUTION: 12/1/2023 GRANT RECIPIENT: A Precious Child FMV OF PROPERTY: $145 BOOK VALUE OF PROPERTY: $145 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $145 DESCRIPTION OF PROPERTY: personal care UNITS: 35 DATE OF DISTRIBUTION: 12/1/2023 GRANT RECIPIENT: A Precious Child FMV OF PROPERTY: $705 BOOK VALUE OF PROPERTY: $705.00 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $705 DESCRIPTION OF PROPERTY: gift cards UNITS: 2 DATE OF DISTRIBUTION: 12/1/2023 GRANT RECIPIENT: A Precious Child FMV OF PROPERTY: $58 BOOK VALUE OF PROPERTY: $58 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $58 DESCRIPTION OF PROPERTY: home goods UNITS: 5 DATE OF DISTRIBUTION: 12/1/2023 GRANT RECIPIENT: A Precious Child FMV OF PROPERTY: $75 BOOK VALUE OF PROPERTY: $75 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $75 DESCRIPTION OF PROPERTY: Arts & Crafts UNITS: 10 DATE OF DISTRIBUTION: 12/2/2023 GRANT RECIPIENT: A Precious Child FMV OF PROPERTY: $54 BOOK VALUE OF PROPERTY: $54 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $54 DESCRIPTION OF PROPERTY: Arts & Crafts UNITS: 45 DATE OF DISTRIBUTION: 12/4/2023 GRANT RECIPIENT: A Precious Child FMV OF PROPERTY: $366 BOOK VALUE OF PROPERTY: $366 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $366 DESCRIPTION OF PROPERTY: BOOKS UNITS: 760 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: MORE BOOKS IN CHILDRENS HANDS FMV OF PROPERTY: $4,093 BOOK VALUE OF PROPERTY: $4,093 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $4,093 DESCRIPTION OF PROPERTY: BOOKS UNITS: 366 DATE OF DISTRIBUTION: 12/4/2023 GRANT RECIPIENT: COLORADO LITERACY & LEARNING CENTER FMV OF PROPERTY: $2,682 BOOK VALUE OF PROPERTY: $2,682 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $2,682 DESCRIPTION OF PROPERTY: BOOKS UNITS: 629 DATE OF DISTRIBUTION: 12/14/2023 GRANT RECIPIENT: LEAD TO READ INC FMV OF PROPERTY: $4,944 BOOK VALUE OF PROPERTY: $4,944 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $4,944 DESCRIPTION OF PROPERTY: BOOKS UNITS: 10 DATE OF DISTRIBUTION: 9/21/2023 GRANT RECIPIENT: HEARTS TO HANDS FMV OF PROPERTY: $150 BOOK VALUE OF PROPERTY: $150 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $150 DESCRIPTION OF PROPERTY: BOOKS UNITS: 115 DATE OF DISTRIBUTION: 1/6/2023 GRANT RECIPIENT: OSWEGO BOOKMOBILE INC FMV OF PROPERTY: $988 BOOK VALUE OF PROPERTY: $988 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $988
PART I LINE 25 AND PART XIV LINE 3A PART I LINE 25 AND PART XIV LINE 3A DESCRIPTION OF PROPERTY: BOOKS UNITS: 125 DATE OF DISTRIBUTION: 1/7/2023 GRANT RECIPIENT: BRIDGE OF BOOKS FOUNDATION INC FMV OF PROPERTY: $1,059 BOOK VALUE OF PROPERTY: $1,059 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,059 DESCRIPTION OF PROPERTY: BOOKS UNITS: 125 DATE OF DISTRIBUTION: 1/11/2023 GRANT RECIPIENT: CLAP FOR OUR YOUTH FMV OF PROPERTY: $1,044 BOOK VALUE OF PROPERTY: $1,044 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,044 DESCRIPTION OF PROPERTY: BOOKS UNITS: 180 DATE OF DISTRIBUTION: 1/9/2023 GRANT RECIPIENT: THE REAL PROGRAM INC FMV OF PROPERTY: $1,942 BOOK VALUE OF PROPERTY: $1,942 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $1,942 DESCRIPTION OF PROPERTY: pet supplies and books UNITS: 147 DATE OF DISTRIBUTION: 1/6/2023 GRANT RECIPIENT: CHRISTMAS HOUSE INC FMV OF PROPERTY: $1,829 BOOK VALUE OF PROPERTY: $1,829 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,829 DESCRIPTION OF PROPERTY: BOOKS UNITS: 125 DATE OF DISTRIBUTION: 3/18/2023 GRANT RECIPIENT: CHILDRENS MUSEUM OF RICHMOND FMV OF PROPERTY: $1,005 BOOK VALUE OF PROPERTY: $1,005 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,005 DESCRIPTION OF PROPERTY: BOOKS UNITS: 130 DATE OF DISTRIBUTION: 3/18/2023 GRANT RECIPIENT: THE MARYLAND BOOK BANK INC FMV OF PROPERTY: $1,091 BOOK VALUE OF PROPERTY: $1,091 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $1,091 DESCRIPTION OF PROPERTY: BOOKS UNITS: 752 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: Nevada Kids Foundation Inc FMV OF PROPERTY: $5,205 BOOK VALUE OF PROPERTY: $5,205 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $5,205 DESCRIPTION OF PROPERTY: BOOKS UNITS: 341 DATE OF DISTRIBUTION: VARIOUS GRANT RECIPIENT: KIDS CROSSING INC FMV OF PROPERTY: $2,647 BOOK VALUE OF PROPERTY: $2,647 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $2,647 DESCRIPTION OF PROPERTY: books UNITS: 650 DATE OF DISTRIBUTION: 12/15/2023 GRANT RECIPIENT: HOPE CENTER INC FMV OF PROPERTY: $4,366 BOOK VALUE OF PROPERTY: $4,366 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $4,366 DESCRIPTION OF PROPERTY: BOOKS UNITS: 570 DATE OF DISTRIBUTION: 12/2/2023 GRANT RECIPIENT: BOOKGIVE INC FMV OF PROPERTY: $2,573 BOOK VALUE OF PROPERTY: $2,573 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $2,573

TY 2023 InvestmentsCorpStockSchedule
Name:
The Penny Project Foundation
EIN:
88-1593190
Name of Stock End of Year Book Value End of Year Fair Market Value
SPDR S&P 500 ETF TRUST 198,652 200,106

TY 2023 LandEtcSchedule2
Name:
The Penny Project Foundation
EIN:
88-1593190
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
PENNY PROJECT RV 132,085 41,490 90,595 99,919
PENNY PROJECT RV 9,324 0 9,324  


TY 2023 LiquidationExplanationStmt
Name:
The Penny Project Foundation
EIN:
88-1593190
Statement:
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2023, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $775,480. This amount represents 25% or more of the Foundation's net assets of $1,165,740 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2023. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.


TY 2023 LoansFromOfficersSchedule
Name:
The Penny Project Foundation
EIN:
88-1593190

Item No. 1
Lender's Name JAMES TRIANDIFLOU PRESDIR
Lender's Title  
Original Amount of Loan 4000
Balance Due 4000
Date of Note 2022-06
Maturity Date 2024-12
Repayment Terms PRINCIPAL ON MATURITY
Interest Rate 0.
Security Provided by Borrower NONE
Purpose of Loan TO PURCHASE VEHICLE USED FOR CHARITABLE PURPOSE
Description of Lender Consideration CASH - $4,000
Consideration FMV  

Item No. 2
Lender's Name JAMES TRIANDIFLOU PRESDIR
Lender's Title  
Original Amount of Loan 7000
Balance Due 7000
Date of Note 2022-07
Maturity Date 2024-12
Repayment Terms PRINCIPAL ON MATURITY
Interest Rate 0.
Security Provided by Borrower NONE
Purpose of Loan TO PURCHASE VEHICLE USED FOR CHARITABLE PURPOSE
Description of Lender Consideration CASH - $7,000
Consideration FMV  

Item No. 3
Lender's Name JAMES TRIANDIFLOU PRESDIR
Lender's Title  
Original Amount of Loan 7496
Balance Due 7496
Date of Note 2023-09
Maturity Date 2024-02
Repayment Terms PRINCIPAL ON MATURITY
Interest Rate 0.
Security Provided by Borrower NONE
Purpose of Loan ADVANCED FUNDS ON BEHALF OF FOUNDATION
Description of Lender Consideration CASH - $7,496
Consideration FMV  


TY 2023 OtherExpensesSchedule
Name:
The Penny Project Foundation
EIN:
88-1593190
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 13,545     13,545
ANNUAL CREDIT CARD FEE 99     99
Cell Phone Expense 680     680
Digital Subscriptions 319     319
Equipment Maintenance 9,823     9,823
CREDIT CARD FEES 193     193
Insurance Premiums 11,803     11,803
Office & Supplies 6,985     6,985
Payroll Processing Fees 2,824     2,824
Postage/Delivery Service 36     36
VEHICLE REGISTRATION FEE 430     430
Website Hosting/Support 276     276


TY 2023 OtherIncomeSchedule2
Name:
The Penny Project Foundation
EIN:
88-1593190
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Insurance Claim Refund 1,000    


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TY 2023 OtherNotesLoansRcvblLongSch
Name:
The Penny Project Foundation
EIN:
88-1593190

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
ELITEGAMINGLIVE INC NONE 250,000 250,000 2023-06 2023-12 PRINCIPAL & INTEREST UPON MATURITY 800 % NONE INVESTMENT N/A 0  

TY 2023 OtherProfessionalFeesSchedule
Name:
The Penny Project Foundation
EIN:
88-1593190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 4,057 4,057    


TY 2023 TaxesSchedule
Name:
The Penny Project Foundation
EIN:
88-1593190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 4,900      
990-PF Extension for 2022 100