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 ROBERT E FRAZIER TRI-CITY AREA
CHARITABLE FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)333 WEST VINE STREET 1500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LEXINGTON, KY40507
A Employer identification number

45-3278636
B Telephone number (see instructions)

(859) 255-8581
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$7,340,770J 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 14,045 14,045  
4 Dividends and interest from securities... 163,361 163,361  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 34,397
b Gross sales price for all assets on line 6a 1,020,218
7 Capital gain net income (from Part IV, line 2)... 34,397
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).......      
12 Total. Add lines 1 through 11........ 211,803 211,803  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 27,000 1,500   25,500
14 Other employee salaries and wages...... 10,350 0   10,350
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
23,471 2,881   20,590
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
28,846 28,846   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,608 1,816   792
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,087 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,464 0   2,464
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,685 114   6,571
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 102,511 35,157   66,267
25 Contributions, gifts, grants paid....... 301,399 301,399
26 Total expenses and disbursements. Add lines 24 and 25 403,910 35,157   367,666
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -192,107
b Net investment income (if negative, enter -0-) 176,646
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............. 37,517 58,282 58,282
2 Savings and temporary cash investments......... 138,253 125,798 125,798
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 5,671 5,197 5,197
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,522,421 Click to see attachment
List of Attached Documents:
// Content
2,406,387 		3,148,239
c Investments—corporate bonds (attach schedule)....... 1,482,679 Click to see attachment
List of Attached Documents:
// Content
2,021,300 		2,029,399
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).......... 2,320,523 Click to see attachment
List of Attached Documents:
// Content
1,700,228 		1,969,757
14 Land, buildings, and equipment: basis right arrow5,867
Less: accumulated depreciation (attach schedule) right arrow3,289 3,665 Click to see attachment
List of Attached Documents:
// Content
2,578 		2,578
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
696 		Click to see attachment
List of Attached Documents:
// Content
1,520 		Click to see attachment
List of Attached Documents:
// Content
1,520
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,511,425 6,321,290 7,340,770
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
112 		Click to see attachment
List of Attached Documents:
// Content
188
23 Total liabilities (add lines 17 through 22)......... 112 188
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........ 6,511,313 6,321,102
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 6,511,313 6,321,102
30 Total liabilities and net assets/fund balances (see instructions). 6,511,425 6,321,290
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
6,511,313
2
Enter amount from Part I, line 27a .....................
2
-192,107
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,896
4
Add lines 1, 2, and 3 ..........................
4
6,321,102
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,321,102
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 1,020,218   985,821 34,397
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       34,397
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 34,397
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 2,455
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 2,455
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 2,455
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,800
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 345
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow345 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
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 arrowKY
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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
Yes
 
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.ROBERTEFRAZIERFOUNDATION.ORG
14
The books are in care ofright arrowGREENE & GREENE CPAS Telephone no.right arrow (606) 248-3456

Located atright arrow2201 CUMBERLAND AVENUE SECOND FLOORMIDDLESBOROKY ZIP+4right arrow409652832
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)
 
No
(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
 
 
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
CHARLES D COLEClick to see attachment
List of Attached Documents:
// Content
PRESIDENT/DIRECTOR
4.00 		9,000 0 4,000
1010 FINCASTLE ROAD
LEXINGTON,KY40502
ALMA CORNETT SECRETARY/DIRECTOR
2.00 		0 0 4,000
604 SPRING STREET
CUMBERLAND,KY40823
CHRISTOPHER B HOGUE DIRECTOR
2.00 		0 0 4,000
105 BILLIPS AVENUE
CUMBERLAND,KY40823
ROGER M ROPER DIRECTOR
2.00 		0 0 4,000
1953 WESTMEATH PLACE
LEXINGTON,KY40503
ROBERTA G GOTHARD DIRECTOR
2.00 		0 0 2,000
707 PARKER STREET
CUMBERLAND,KY40823
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
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
6,795,992
b
Average of monthly cash balances.......................
1b
281,167
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
7,077,159
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
7,077,159
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
106,157
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,971,002
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
348,550
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
348,550
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,455
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,455
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
346,095
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
346,095
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
346,095
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
367,666
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
367,666
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 7 346,095
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 234,307
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 367,666
a Applied to 2022, but not more than line 2a 234,307
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..... 133,359
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		212,736
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
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:
SHELIA DIXON
506 WEST MAIN STREET
CUMBERLAND,KY40823
(606) 589-5151
TCMAINSTREET@WINDSTREAM.NET
bThe form in which applications should be submitted and information and materials they should include:
REQUEST FOR GRANTS MUST BE SUBMITTED PURSUANT TO THE FOUNDATION'S GRANT APPLICATION PROCESS. TO FACILITATE THE PROCESS THE FOUNDATION HAS PRODUCED DOCUMENTS TITLED "GRANT GUIDELINES," "GRANT APPLICATION INSTRUCTIONS, AND "PROJECT FINANCIAL INFORMATION FORM." THESE DOCUMENTS ARE AVAILABLE AT THE ADDRESS FOR SUBMITTING GRANT APPLICATIONS IDENTIFIED AT ITEM 2A ABOVE. EACH GRANT APPLICATION REQUIRES SPECIFIC INFORMATION REGARDING THE POTENTIAL DONEE ORGANIZATION TO INCLUDE DOCUMENTATION OF RECOGNIZED PUBLIC CHARITY STATUS, CURRENT FINANCIAL INFORMATION, THE ORGANIZATION'S MISSION, AND MATERIAL SERVICES PROVIDED. IN ADDITION, A DETAILED DESCRIPTION OF THE PROPOSED PROJECT IS REQUIRED ALONG WITH APPLICABLE BUDGET INFORMATION RELATING TO THE PROJECT. A "GRANT AGREEMENT" DOCUMENT IS REQURED FOR EACH APPROVED APPLICATION.
cAny submission deadlines:
BY APRIL 30 AND OCTOBER 31 TO BE CONSIDERED IN SEMI-ANNUAL MEETINGS IN MAY AND NOVEMBER.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS ARE AWARDED TO ORGANIZATIONS FOR PURPOSES DESCRIBED IN CODE SECTION 501(C)(3) AND FOR WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER CODE SECTIONS 170(C), 2055(A), AND 2522(A), BUT ARE LIMITED TO CONTRIBUTIONS THAT PRIMARILY BENEFIT THE CITY AND CITIZENRY OF CUMBERLAND, KENTUCKY, AND THE TRI-CITY AREA OF CUMBERLAND, BENHAM, AND LYNCH, KENTUCKY. GRANT RECIPIENTS ARE SELECTED BASED ON MERIT WITH PREFERENCE GIVEN TO GRANTS WHICH ARE SUBJECT TO MATCHING AWARDS. HOWEVER, GRANTS WILL NOT BE MADE TO OR FOR INDIVIDUALS; RELIGIOUS ORGANIZATIONS FOR RELIGIOUS PURPOSES; INTERNATIONAL ORGANIZATIONS WITHOUT A QUALIFIED DOMESTIC 501(C)(3) REPRESENTATIVE; PRIVATE FOUNDATIONS (OTHER THAN OPERATING FOUNDATIONS); ENDOWMENTS OR OTHER DISCRETIONARY FUNDING POOLS; DINNERS, BALLS, OR OTHER TICKETED EVENTS; POLITICAL PURPOSES; LOBBYING ACTIVITIES; AND PURPOSES OUTSIDE THE FOUNDATION'S SPECIFIED FUNDING PRIORITIES.
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

CITY OF BENHAM KENTUCKY

230 MAIN STREET
BENHAM,KY40807 		N/A GOV IMPROVEMENTS TO CITY HALL BUILDING. 27,833

CITY OF CUMBERLAND KENTUCKY (#1)

402 WEST MAIN STREET
CUMBERLAND,KY40823 		N/A GOV TESTING EQUIPMENT AND SUPPLIES AND LEAK DETECTION EQUIPMENT FOR MUNICIPAL WATER UTILITY. 28,985

CITY OF CUMBERLAND KENTUCKY (#2)

402 WEST MAIN STREET
CUMBERLAND,KY40823 		N/A GOV PARTIAL FUNDING FOR POLICE CRUISER. 29,040

CITY OF LYNCH KENTUCKY (#1)

1 CHURCH STREET PO BOX 667
LYNCH,KY40855 		N/A GOV REPAIR PART FOR WATER UTILITY PUMP STATION. 10,000

CITY OF LYNCH KENTUCKY (#2)

1 CHURCH STREET PO BOX 667
LYNCH,KY40855 		N/A GOV UTILITY VEHICLE FOR USE BY WATER AND SEWER DEPARTMENTS. 10,000

CITY OF LYNCH KENTUCKY (#3)

1 CHURCH STREET PO BOX 667
LYNCH,KY40855 		N/A GOV RADIOS FOR LAW ENFORCEMENT PERSONNEL. 2,554

CITY OF LYNCH KENTUCKY (#4)

1 CHURCH STREET PO BOX 667
LYNCH,KY40855 		N/A GOV TWO COMPUTERS WITH SOFTWARE, ONE FOR USE BY POLICE DEPARTMENT AND ONE FOR GENERAL ADMINISTRATIVE USE. 7,077

CITY OF LYNCH KENTUCKY (#5)

1 CHURCH STREET PO BOX 667
LYNCH,KY40855 		N/A GOV OFFICE PRINTER FOR CITY HALL. 6,725

CITY OF LYNCH KENTUCKY (#6)

1 CHURCH STREET PO BOX 667
LYNCH,KY40855 		N/A GOV ZERO-TURN MOWER FOR USE BY MAINTENANCE PERSONNEL. 8,180

CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#1)

322 GOLF COURSE ROAD
CUMBERLAND,KY40823 		N/A GOV TRAINING AND STUDY MATERIALS, FOOD AND TRAVEL, APPAREL, AND END-OF-YEAR CELEBRATION FOR GRADES 6-8 ACADEMIC TEAM. 3,500

CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#2)

322 GOLF COURSE ROAD
CUMBERLAND,KY40823 		N/A GOV AMERICORPS VOLUNTEER INSTRUCTIONAL ASSISTANT FOR GRADES 3-5 MATHEMATICS INTERVENTION. 6,500

CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#3)

322 GOLF COURSE ROAD
CUMBERLAND,KY40823 		N/A GOV RESEARCH-BASED EDUCATIONAL MATERIALS AND SUPPLIES, AND FIELD TRIP EXPENSES FOR KINDERGARTEN STUDENTS. 5,600

CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#4)

322 GOLF COURSE ROAD
CUMBERLAND,KY40823 		N/A GOV BARTER THEATRE TICKETS AND BUS TRANSPORTATION STIPEND FOR GRADES 7 AND 8 CULTURAL AWARENESS EXPOSURE TO PERFORMING ARTS. 3,621

CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#5)

322 GOLF COURSE ROAD
CUMBERLAND,KY40823 		N/A GOV "DREAMBOX READING" LITERACY INTERVENTION PROGRAM FOR GRADES 3-8. 9,500

CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#6)

322 GOLF COURSE ROAD
CUMBERLAND,KY40823 		N/A GOV SHOES, SUPPLIES, TRAVEL STIPENDS, AND MISCELLANEOUS SUPPORT FOR BOYS AND GIRLS GRADES 4-8 BASKETBALL TEAMS. 14,440

CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#7)

322 GOLF COURSE ROAD
CUMBERLAND,KY40823 		N/A GOV FOOD ITEMS FOR WEEKEND "BACKPACK" PROGRAM. 15,000

CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#8)

322 GOLF COURSE ROAD
CUMBERLAND,KY40823 		N/A GOV REGISTRATIONS, SUBSCRIPTIONS, SUPPLIES, AND INCENTIVE AND PROMOTIONAL COSTS FOR GRADES 6-8 PARTICIPATION IN "MATH COUNTS" COMPETITION. 3,585

CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#9)

322 GOLF COURSE ROAD
CUMBERLAND,KY40823 		N/A GOV "SUMMER CAMP" ACTIVITIES DESIGNED TO HELP STUDENTS REMAIN OR EXCEL AT GRADE LEVEL. 8,000

FRIENDS OF BENHAM LTD

PO BOX 131
BENHAM,KY40807 		N/A PC REPAIRS TO PUBLIC COAL MINERS MEMORAL WALL. 10,500

HERITAGE MINISTRIES INC (#1)

PO BOX 821
LYNCH,KY40855 		N/A PC ROOF REPAIR PROJECTS FOR TWO ECONOMICALLY DISADVANTAGED OCCUPANTS. 9,200

HERITAGE MINISTRIES INC (#2)

PO BOX 821
LYNCH,KY40855 		N/A PC CONTRIBUTION TO 2023 TRI-CITY EMPTY STOCKING FUND FOR ECONOMICALLY DISADVANTAGED PERSONS.CONTRIBUTION TO 2023 TRI-CITY EMPTY STOCKING FUND FOR DISADVANTAGED PERSONS. 20,000

LYNCH CHURCH OF GOD

547 E MAIN STREET
LYNCH,KY40855 		N/A PC CONTRIBUTION TO "LOAVES AND FISHES" FOOD PROGRAM FOR ECONOMICALLY DISADVANTAGED PERSONS. 5,000

MERIDZO CENTER MINISTRIES INC

202 CHURCH STREET
LYNCH,KY40855 		N/A PC GRANTEE-AWARDED POST-SECONDARY SCHOLARSHIPS TO "TRI-CITY" AREA STUDENTS. 25,000

ST STEPHEN'S OUTREACH ROMAN CATHOLIC DIOCESE OF LEXINGTON

304 CENTRAL STREET
CUMBERLAND,KY40823 		N/A PC INSTALLED ENTRANCE DOOR FOR FOOD DISTRIBUTION FACILITY. 8,900

TRI-CITY LITTLE LEAGUE INC

PO BOX 483
BENHAM,KY40807 		N/A PC UNIFORMS, EQUIPMENT, AND OPERATING SUPPLIES. 22,659
Total .................................right arrow 3a 301,399
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		        14,045
4 Dividends and interest from securities ....         163,361
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 ............ 		        34,397
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 0 211,803
13Total. Add line 12, columns (b), (d), and (e)..................
13
211,803
(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.)
3 INCOME EARNED TO SUPPORT CHARITABLE CONTRIBUTIONS OR GRANTS
4 INCOME EARNED TO SUPPORT CHARITABLE CONTRIBUTIONS OR GRANTS
8 INCOME EARNED TO SUPPORT CHARITABLE CONTRIBUTIONS OR GRANTS
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 ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND TAX RETURN PREPARATION 23,471 2,881   20,590

TY 2023 CompensationExplanation
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Person Name Explanation
DIRECTORS AND OFFICERS THE DIRECTORS SERVE ON A VOLUNTARY BASIS. HOWEVER, FOR 2023, PER MEETING STIPENDS OF $2,000 WERE PAID TO COVER TRAVEL AND INCIDENTAL EXPENSES RELATING TO THEIR DUTIES AND RESPONSIBILITIES (OFFICERS OF THE CORPORATION ARE ALSO DIRECTORS) AND FOR ATTENDANCE AT TWO SCHEDULED MEETINGS. IN ADDITION, COMPENSATION PAID TO THE PRESIDENT, EXCLUSIVE OF THE DIRECTOR STIPENDS, AMOUNTED TO $9,000 FOR 2023.

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

TY 2023 DepreciationSchedule
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
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 DESK 2012-12-27 432 432 SL 7.000000000000 0 0    
COMPUTERS, PRINTERS, OTHER TECH EQUIP 2020-07-24 3,100 1,498 SL 5.000000000000 620 0    
LAPTOP COMPUTER, SCANNER 2022-05-26 2,335 272 SL 5.000000000000 467 0    

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Statement:
PURSUANT TO KENTUCKY REVISED STATUTE 367.657, ONLY ORGANIZATIONS SOLICITING CONTRIBUTIONS ARE REQUIRED TO FILE FORM 990 (FORM 990-PF) WITH THE SECRETARY OF STATE. THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE TRUST FOUNDATION HAS NOT SOLICITED CONTRIBUTIONS IN KENTUCKY OR IN OTHER STATES.

TY 2023 GeneralExplanationAttachment
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Identifier Return Reference Explanation
DISREGARDED SINGLE-MEMBER LLC FORM 990-PF, PART VI-A, LINE 11 THIS FORM 990-PF FOR THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC. INCLUDES THE TRANSACTIONS FOR ITS CONTROLLED SINGLE-MEMBER LIMITED LIABILITY COMPANY, THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE GRANT FOUNDATION, LLC (46-4387129), 333 WEST VINE STREET, SUITE 1500, LEXINGTON, KY 40507. THE LIMITED LIABILITY COMPANY WAS ORGANIZED TO HANDLE DAILY OPERATIONS, GRANT-MAKING PROCESSES, AND RELATED ADMINISTRATION, AND THEREBY SEPARATE THESE FUNCTIONS FROM THE INVESTMENT ACTIVITIES PERFORMED BY ITS SOLE MEMBER, THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC. ALTHOUGH A SEPARATE ENTITY FROM ITS SOLE MEMBER, THE LIMITED LIABILITY COMPANY IS A DISREGARDED ENTITY PURSUANT TO THE PROVISIONS OF TREASURY REGULATION PARAGRAPHS 301.7701-2(C)(2)(I) AND 301.7701-3(B)(1)(II) UNDER THE INTERNAL REVENUE CODE OF 1986. ACCORDINGLY, THE SINGLE-MEMBER LIMITED LIABILITY COMPANY IS NOT AN EXCESS BUSINESS HOLDING. FURTHER, TRANSFERS TO OR FROM THIS DISREGARDED ENTITY ARE NOT REPORTABLE.
ELECTION TO AMORTIZE BOND PREMIUMS FORM 990-PF, PART I, LINE 4 THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC., AS SUCCESSOR TO THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE TRUST FOUNDATION IN A COMPLETE TRANSFER OF ASSETS EFFECTED IN CALENDAR YEAR 2014 PURSUANT TO INTERNAL REVENUE CODE SECTION 507(B)(2), RELATED TREASURY REGULATIONS 1.507-3(C)(1) AND 1.507-4(B), AND REVENUE RULING 2002-28, CONTINUES TO AMORTIZE BOND PREMIUMS PURSUANT TO ELECTION UNDER INTERNAL REVENUE CODE SECTION 171(C) AND RELATED TREASURY REGULATION 1.171-4(A) INITIALLY MADE FOR THE 2013 CALENDAR YEAR BY THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE TRUST FOUNDATION.
ELECTION TO ACCRUE BOND MARKET DISCOUNT FORM 990-PF, PART I, LINE 4 PURSUANT TO INTERNAL REVENUE CODE SECTION 1278(B) AND THE AUTOMATIC CONSENT PROCEDURE OUTLINED IN REVENUE PROCEDURE 92-67, THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC. ELECTED, EFFECTIVE FOR THE 2017 CALENDAR YEAR, TO INCLUDE ACCRUED MARKET DISCOUNT IN GROSS INCOME USING THE CONSTANT INTEREST RATE METHOD. ACCORDINGLY, THIS ELECTION APPLIES TO ALL MARKET DISCOUNT BONDS, REGARDLESS OF ISSUE DATE, ACQUIRED ON OR AFTER THE FIRST DAY OF THE 2017 TAX YEAR.

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Name of Bond End of Year Book Value End of Year Fair Market Value
BLACKROCK INC 3.25% DTD 4/29/19 93,874 96,063
BRISTOL MYERS SQUIBB CO 3.9% DTD 2/20/20 75,683 73,697
CATERPILLAR FINANCIAL SERVICE 5.15% DTD 8/11/23 99,549 100,706
CHARLES SCHWAB CORP 5.875% DTD 8/24/23 99,243 102,565
DUKE ENERGY PROGRESS LLC 3.4% DTD 3/17/22 89,901 90,388
FLORIDA POWER & LIGHT CO 5.05% DTD 3/3/23 98,097 102,216
GENERAL DYNAMICS 3.25% DTD 3/25/20 103,450 97,956
GENERAL DYNAMICS 3.5% DTD 3/25/20 74,757 73,066
HOME DEPOT INC 4.5% DTD 9/19/22 98,679 102,020
INTEL CORP 3.75% DTD 8/5/22 72,793 73,502
JOHN DEERE CAPITAL CORP 4.15% DTD 9/8/22 73,798 74,514
METLIFE INC 4.55% DTD 3/23/20 99,570 100,563
PEPSICO INC 3.9% DTD 7/18/22 95,607 97,818
PFIZER INVESTMENT ENTERPRISES 4.65% DTD 5/19/23 98,898 99,672
PHILIP MORRIS INTERNATIONAL INC 3.375% DTD 8/11/15 96,523 97,558
ROYAL BANK OF CANADA 2.25% DTD 10/24/19 101,484 97,479
ROYAL BANK OF CANADA 4.95% MEDIUM-TERM NOTE DTD 4/27/23 98,807 100,012
TORONTO DOMINION BANK 2.65% DTD 6/12/19 101,079 98,748
TOYOTA MOTOR CREDIT CORP 4.8% DTD 1/12/23 99,291 100,023
UNITED HEALTH GROUP INC 3.85% DTD 6/19/18 75,351 73,335
UNITED HEALTH GROUP INC 5.25% DTD 10/28/22 99,484 103,407
WALMART INC 3.7% DTD 6/27/18 75,382 74,091

TY 2023 InvestmentsCorpStockSchedule
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC - 204 SHS 17,979 31,614
ADOBE SYSTEM INC - 75 SHS 9,048 44,745
ALPHABET INC CLASS A - 500 SHS 65,465 69,845
ALPHABET INC CLASS C - 460 SHS 25,748 64,828
AMAZON.COM INC - 680 SHS 108,844 103,319
APTIV PLC - 158 SHS 11,266 14,176
AUTODESK INC - 268 SHS 65,957 65,253
BCE INC - 590 SHS 25,235 23,234
BOEING COMPANY - 425 SHS 88,019 110,781
BRISTOL MYERS SQUIBB CO - 378 28,667 19,395
BRITISH AMERICAN TOBACCO ADR - 988 SHS 35,620 28,938
BROADCOM INC - 71 SHS 35,634 79,254
CHEVRON CORP - 333 SHS 25,985 49,670
CISCO SYSTEMS INC - 610 SHS 25,380 30,817
CORTEVA INC - 589 SHS 14,649 28,225
CROWN CASTLE INC - 158 SHS 27,328 18,200
DANAHER CORP - 93 SHS 7,055 21,515
DEERE & COMPANY - 121 SHS 28,465 48,384
DUKE ENERGY CORP - 250 SHS 23,441 24,260
ENBRIDGE INC - 817 SHS 27,767 29,434
EXXON MOBIL - 418 SHS 14,601 41,792
GILEAD SCIENCES INC - 620 SHS 41,555 50,226
HCA HEALTHCARE INC - 143 SHS 9,825 38,707
HOME DEPOT INC - 102 SHS 29,815 35,348
JOHNSON CONTROLS INTL PLC - 396 SHS 14,821 22,825
JPMORGAN CHASE & CO - 249 SHS 26,002 42,355
MARSH & MCLENNAN COS - 188 SHS 31,775 35,620
MEDTRONIC PLC - 291 SHS 26,596 23,972
MERCK & COMPANY INC - 829 SHS 67,154 90,377
META PLATFORMS INC CLASS A - 365 SHS 98,165 129,195
MICROCHIP TECHNOLOGY INC - 428 SHS 16,504 38,597
MICROSOFT CORP - 265 SHS 36,409 99,651
MONDELEZ INTERNATIONAL INC - 555 SHS 33,582 40,199
MONSTER BEVERAGE CORP - 1,176 SHS 51,975 67,749
NEXTERA ENERGY INC - 496 SHS 37,102 30,127
NOVARTIS A G ADR - 538 SHS 40,135 54,322
NVIDIA CORP - 438 SHS 68,170 216,906
NXP SEMICONDUCTORS N V - 167 SHS 13,157 38,356
ORACLE CORP - 884 SHS 63,950 93,200
PAYPAL HOLDINGS INC - 180 SHS 8,971 11,054
PEPSICO INC - 136 SHS 18,914 23,098
PFIZER INC - 447 SHS 15,555 12,869
PHILIP MORRIS INTERNATIONAL INC - 347 SHS 27,560 32,646
PROCTER & GAMBLE COMPANY - 241 SHS 38,891 35,316
PROLOGIS INC - 176 SHS 29,813 23,461
REALTY INCOME CORP - 428 SHS 30,786 24,576
REGENERON PHARMACEUTICALS INC - 82 SHS 51,001 72,020
SALESFORCE.COM INC - 257 SHS 67,049 67,626
SANDOZ GROUP AG - 107 SHS 2,246 3,425
SOUTHERN COMPANY - 425 SHS 25,212 29,801
TESLA INC - 150 SHS 44,364 37,272
TEXAS INSTRUMENTS INC - 187 SHS 29,551 31,876
TOTAL ENERGIES SE - 623 SHS 30,022 41,978
TRUIST FINANCIAL CORP - 7,430 SHS 274,576 274,316
UNITED HEALTH GROUP INC - 61 SHS 7,252 32,115
UNITED PARCEL SERVICES B - 99 SHS 17,316 15,566
VERIZON COMMUNICATIONS INC - 712 SHS 40,103 26,842
VERTEX PHARMACEUTICALS INC - 210 SHS 47,661 85,447
VISA INC - 407 SHS 86,664 105,962
WALT DISNEY CO - 399 SHS 65,115 36,026
WILLIAMS COMPANIES INC - 848 SHS 28,920 29,536

TY 2023 InvestmentsOtherSchedule2
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLACKROCK GLOBAL LONG/SHORT CREDIT FD - 7,530 SHS AT COST 77,337 66,945
DFA INFLATION PROTECTED SECURITIES FD - 3,570 SHS AT COST 46,611 38,661
DFA INTERMEDIATE TERM EXTENDED QUALITY PORTFOLIO - 9,449 SHS AT COST 103,963 90,993
DODGE & COX INCOME FD - 6,133 SHS AT COST 85,128 77,393
DOUBLETREE LOW DURATION BOND FD - 4,066 SHS AT COST 40,161 38,912
ISHARES 1-5 YEAR INVESTMENT GRADE CORP BD ETF - 1,226 SHS AT COST 65,815 62,863
ISHARES DJ SELECT DIVIDEND ETF - 1,361 SHS AT COST 120,467 159,536
ISHARES MSCI EAFE ETF - 2,084 SHS AT COST 138,996 157,029
ISHARES RUSSELL 1000 GROWTH ETF - 1,200 SHS AT COST 272,878 363,804
ISHARES RUSSELL 1000 VALUE ETF - 749 SHS AT COST 92,561 123,772
ISHARES RUSSELL MIDCAP ETF - 696 SHS AT COST 42,540 54,100
ISHARES RUSSELL MIDCAP GROWTH ETF - 1,013 SHS AT COST 55,250 105,818
ISHARES RUSSELL MIDCAP VALUE ETF - 620 SHS AT COST 42,690 72,100
METROPOLITAN WEST TOTAL RETURN BD FD - 8,584 SHS AT COST 85,577 73,995
PRINCIPAL SPECTRUM PREFERRED AND CAPITAL SECURITIES INC FD - 3,575 SHS AT COST 36,365 31,527
SPDR PORTFOLIO DEVELOPED WORLD ETF - 2,833 SHS AT COST 85,698 96,350
SPDR S&P 500 ETF TRUST - 335 SHS AT COST 117,798 159,229
VANGUARD SHORT TERM BOND FD - 811 SHS AT COST 65,460 62,463
VANGUARD TOTAL STOCK MARKET ETF - 566 SHS AT COST 124,933 134,267

TY 2023 LandEtcSchedule2
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER DESK 432 432 0 0
COMPUTERS, PRINTERS, OTHER TECH EQUIP 3,100 2,118 982 982
LAPTOP COMPUTER, SCANNER 2,335 739 1,596 1,596


TY 2023 OtherAssetsSchedule
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INVESTMENT COMPANY DIVIDENDS 696 1,520 1,520


TY 2023 OtherExpensesSchedule
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE ASSISTANCE 1,252 0   1,252
OFFICE SUPPLIES AND EXPENSES 309 0   309
TELECOMMUNICATIONS 600 0   600
INSURANCE 3,507 0   3,507
INTERNET WEBSITE MAINTENANCE 873 0   873
ADR FEES 100 100   0
MISCELLANEOUS INVESTMENT EXPENSES 14 14   0
OTHER EXPENSES 30 0   30


TY 2023 OtherIncreasesSchedule
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Description Amount
REFUND OF EXCISE TAX ON INVESTMENT INCOME (2022) 1,896


TY 2023 OtherLiabilitiesSchedule
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Description Beginning of Year - Book Value End of Year - Book Value
STATE INCOME TAX WITHHELD FROM WAGES 112 188


TY 2023 OtherProfessionalFeesSchedule
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRUIST - INVESTMENT MANAGEMENT FEES 28,846 28,846   0


TY 2023 TaxesSchedule
Name:
THE ROBERT E FRAZIER TRI-CITY AREA
 
CHARITABLE FOUNDATION INC
EIN:
45-3278636
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD 1,816 1,816   0
PAYROLL TAXES 792 0   792