TY 2023 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	1,413,261
2	Check .............
3	Interest on savings and temporary cash investments	208,108	208,108
4	Dividends and interest from securities...	476,585	466,377
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-829,946
b	Gross sales price for all assets on line 6a 12,825,113
7	Capital gain net income (from Part IV, line 2)...		0
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).......	List of Attached Documents: // Content	28,204	28,204
12	Total. Add lines 1 through 11........	1,296,212	702,689
	13	Compensation of officers, directors, trustees, etc.	0	0		0
14	Other employee salaries and wages......	64,331	0		64,331
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	17,336	13,002		4,334
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	15,200	11,400		3,800
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	95,339	71,504		23,835
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	15,971	7,966		5,005
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	674	674
20	Occupancy..............	52,362	39,272		13,091
21	Travel, conferences, and meetings.......	1,705	0		1,705
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	92,688	14,338		10,346
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	355,606	158,156		126,447
25	Contributions, gifts, grants paid.......	1,170,365			1,170,365
26	Total expenses and disbursements. Add lines 24 and 25	1,525,971	158,156		1,296,812
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-229,759
b	Net investment income (if negative, enter -0-)		544,533
c	Adjusted net income (if negative, enter -0-)...

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,949,647	2,144,853	2,144,853
	3	Accounts receivable 38,087
		Less: allowance for doubtful accounts	68,002	38,087	38,087
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	23,825,012	List of Attached Documents: // Content 23,396,141	24,149,790
	14	Land, buildings, and equipment: basis 357,534
		Less: accumulated depreciation (attach schedule) 35,457	291,858	List of Attached Documents: // Content 322,077	322,077
	15	Other assets (describe )	List of Attached Documents: // Content 171,395	List of Attached Documents: // Content 171,395	List of Attached Documents: // Content 171,395
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	26,305,914	26,072,553	26,826,202
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	26,305,914	26,072,553
	29	Total net assets or fund balances (see instructions).....	26,305,914	26,072,553
	30	Total liabilities and net assets/fund balances (see instructions).	26,305,914	26,072,553

(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.)
1 a	ST GAIN PARTNERSHIPS	P
b	LT GAIN PARTNERSHIPS	P
c	WESTWOOD FUND SALES	P
d	WESTWOOD FUND SALES	P
e	CAPITAL GAIN DISTRIBUTION	P

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a		111,746	-111,746
b	53,372		53,372
c	3,716,587	3,473,829	242,758
d	8,903,656	10,069,484	-1,165,828
e	151,498		151,498

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-829,946
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 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	7,569
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	7,569
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	7,569
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	7,879
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	7,879
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.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	310
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax310	Refunded	11	0

(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
ANN A JACKSON	PRESIDENT 2.00	0	0	0
200 N LORAINE ST SUITE 1515 MIDLAND,TX79701
W CLARK LEA	TREASURER 1.00	0	0	0
200 N LORAINE ST SUITE 1515 MIDLAND,TX79701
DAVID STROMAN	SECRETARY 1.00	0	0	0
200 N LORAINE ST SUITE 1515 MIDLAND,TX79701

	(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				1,184,975
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			142,970
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: $ 1,296,812
a Applied to 2022, but not more than line 2a			142,970
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2023 distributable amount.....				1,153,842
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 ..........				31,133
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....

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	(e) Total

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

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AGAPE CHRISTIAN SERVICE 3500 N A ST STE 2400 MIDLAND,TX79705		PC	PROGRAM EXPENSES	15,000
APHASIA CENTER OF WEST TEXAS INC 5214 THOMASON DR MIDLAND,TX79703		PC	OPERATING EXPENSES	15,000
BIG BROTHERS BIG SISTERS OF PERMIAN BASIN INC 714 W LOUISIANA AVE MIDLAND,TX79701		PC	OPERATING EXPENSES	20,000
BORDERLANDS RESEARCH INSTITUTE SUL ROSS STATE UNIV PO BOX C-21 ALPINE,TX79832		PC	OPERATING EXPENSES	10,000
BOYS & GIRLS CLUB OF MIDLAND INC 1321 S GOODE ST MIDLAND,TX79701		PC	OPERATING EXPENSES	20,000
BREWSTER COUNTY SHERIFF'S DEPARTMENT 201 W AVE E ALPINE,TX79830		PC	CAPITAL EQUIPMENT PROJECT	7,500
BUCKNER CHILDREN AND FAMILY SERVICES INC 425 W PECAN ST MIDLAND,TX79705		PC	OPERATING EXPENSES	30,000
BYNUM SCHOOL PO BOX 80175 MIDLAND,TX79708		PC	OPERATING EXPENSES	20,000
CASA DE AMIGOS OF MIDLAND TEXAS INC 1101 E GARDEN LANE MIDLAND,TX79706		PC	OPERATING EXPENSES	20,000
CASA OF WEST TEXAS 1611 W TEXAS AVE MIDLAND,TX79701		PC	OPERATING EXPENSES	20,000
CENTERS FOR CHILDRENS AND FAMILIES 3701 ANDREWS HWY MIDLAND,TX79703		PC	OPERATING AND PROGRAM EXPENSES	25,000
CHRISTMAS IN ACTION INC PO BOX 3744 MIDLAND,TX79702		PC	OPERATING EXPENSES	20,000
CHURCH ON WHEELS INC 410 E FLORIDA MIDLAND,TX79701		PC	PROGRAM EXPENSES	15,000
CITY OF MIDLAND AQUATICS INC 3003 N A STREET MIDLAND,TX79705		PC	PROGRAM EXPENSES	15,000
CITY OF MIDLAND FIRE DEPARTMENT PO BOX 1152 MIDLAND,TX79702		PC	EQUIPMENT EXPENSES	4,865
CITY OF MIDLAND POLICE DEPARTMENT 601 N LORAINE ST MIDLAND,TX79701		PC	EQUIPMENT EXPENSES	10,000
CLUB FORT DAVIS-AFTER SCHOOL PROGRAM INC PO BOX 535 FORT DAVIS,TX79734		PC	OPERATING EXPENSES	5,000
COMMUNITY CHILDRENS MINISTRY PO BOX 3328 MIDLAND,TX79702		PC	OPERATING EXPENSES	10,000
ELLEN NOEL ART MUSEUM OF THE PERMIAN BASIN 4919 E UNIVERSITY BLVD ODESSA,TX79762		PC	EXHIBIT EXPENSES	5,000
FAMILY CRISIS CENTER OF THE BIG BEND INC PO BOX 1470 ALPINE,TX79831		PC	OPERATING EXPENSES	20,000
FAMILY PROMISE OF MIDLAND 3500 N A ST STE 1400 MIDLAND,TX79705		PC	OPERATING EXPENSES	15,000
FOOD PANTRY OF JEFF DAVIS COUNTY INC PO BOX 244 FORT DAVIS,TX79734		PC	OPERATING EXPENSES	20,000
FRIENDS OF THE JEFF DAVIS LIBRARY PO BOX 425 FORT DAVIS,TX79734		PC	CAPITAL PROJECT EXPENSES	15,000
FRONTIER CASA INC PO BOX 1232 FORT DAVIS,TX79831		PC	OPERATING EXPENSES	10,000
GRAND COMPANIONS HUMANE SOCIETY PO BOX 1156 FORT DAVIS,TX79734		PC	OPERATING EXPENSES	10,000
HELPING HANDS OF MIDLAND 1301 BRINSON LANE MIDLAND,TX79703		PC	OPERATING EXPENSES	20,000
HIGH SKY CHILDRENS RANCH 8613 WCR 60 MIDLAND,TX79707		PC	OPERATING EXPENSES	25,000
HIGHLAND COUNCIL FOR THE DEAF PO BOX 1935 BIG SPRING,TX79721		PC	OPERATING EXPENSES	10,000
HILLCREST SCHOOL INC 2800 NORTH A MIDLAND,TX79705		PC	OPERATING EXPENSES AND SCHOLARSHIP FUND	85,000
HOSPICE OF MIDLAND INCORPORATED 911 W TEXAS AVE MIDLAND,TX79701		PC	OPERATING EXPENSES	15,000
JEFF DAVIS COUNTY COMMUNITY BUILDING PO BOX 1063 FORT DAVIS,TX79734		PC	PROJECT EXPENSES	15,000
KEEP MIDLAND BEAUTIFUL INC 3500 NORTH A SUITE 1500 MIDLAND,TX79705		PC	OPERATING EXPENSES	15,000
MARATHON PUBLIC LIBRARY PO BOX 177 MARATHON,TX79842		PC	OPERATING EXPENSES	25,000
MARFA PUBLIC RADIO PO BOX 238 MARFA,TX79843		PC	OPERATING EXPENSES	15,000
MEADOWS MENTAL HEALTH POLICY INSTITUTE FOR TEXAS 2800 SWISS AVE DALLAS,TX75204		PC	PROGRAM EXPENSES	10,000
MIDLAND CHILDRENS REHABILITATION CENTER INC 802 VENTURA MIDLAND,TX79705		PC	OPERATING EXPENSES	25,000
MIDLAND COLLEGE FOUNDATION INC 3600 N GARFIELD MIDLAND,TX79705		PC	RESEARCH PROGRAMS	20,000
MIDLAND FAIR HAVENS INC 2400 WHITMIRE BLVD STE 100 MIDLAND,TX79707		PC	OPERATING EXPENSES	15,000
MIDLAND ISD EDUCATION FOUNDATION 615 W MISSOURI AVE MIDLAND,TX79701		PC	PROGRAM EXPENSES	15,000
MIDLAND MEMORIAL FOUNDATION 400 ROSALIND REDFERN GROVER PKWY220 MIDLAND,TX79701		PC	PROGRAM EXPENSES	20,000
MIDLAND RAPE CRISIS CENTER INC 1700 N BIG SPRING ST MIDLAND,TX79701		PC	OPERATING EXPENSE	15,000
MIDLAND SOUP KITCHEN MINISTRY 1401 ORCHARD LANE MIDLAND,TX79701		PC	OPERATING EXPENSES	20,000
MISSION HEALTH CARE INC 3500 NORTH A ST STE 1300 MIDLAND,TX79705		PC	OPERATING EXPENSES	10,000
NONPROFIT MANAGEMENT CENTER OF THE PERMIAN BASIN 3500 NORTH A ST STE 2300 MIDLAND,TX79705		PC	OPERATING EXPENSES	10,000
PERMIAN BASIN BEHAVORIAL HEALTH CENTER PO BOX 61950 MIDLAND,TX79711		PC	CAPITAL CAMPAIGN	143,000
PERMIAN BASIN PETROLEUM MUSEUM LIBRARY AND HALL OF FAME 1500 INTERSTATE 20 WEST MIDLAND,TX79701		PC	OPERATING EXPENSES	10,000
PERMIAN BASIN PUBLIC TELECOMMUNICATIONS INC DBA BASIN PBS PO BOX 8940 MIDLAND,TX79708		PC	OPERATING EXPENSES	20,000
REDIRECTION OUTREACH PROGRAM EFFORT FOR YOUTH 3500 W GOLF COURSE MIDLAND,TX79703		PC	OPERATING EXPENSES	25,000
SAFE PLACE OF THE PERMIAN BASIN PO BOX 11331 MIDLAND,TX79702		PC	OPERATING EXPENSES	30,000
SAMARITAN COUNSELING CENTER OF WEST TEXAS INC PO BOX 60312 MIDLAND,TX79711		PC	OPERATING AND PROGRAM EXPENSES	20,000
SENIOR LIFE MIDLAND INC PO BOX 80519 MIDLAND,TX79708		PC	OPERATING EXPENSES	25,000
SHARING HANDS A RESPITE EXPERIENCE INC 3500 NORTH A ST STE 2500 MIDLAND,TX79705		PC	OPERATING EXPENSES	15,000
SIBLEY ENVIRONMENTAL LEARNING CENTER FOUNDATION 1307 E WADLEY MIDLAND,TX79705		PC	OPERATING EXPENSES	15,000
SPRINGBOARD CENTER 200 CORPORATE DR MIDLAND,TX79705		PC	OPERATING EXPENSES	20,000
SUNSHINE HOUSE INC 402 E HOLLAND ALPINE,TX79830		PC	OPERATING EXPENSES	25,000
THE FIELD'S EDGE PO BOX 50068 MIDLAND,TX79710		PC	OPERATING EXPENSES	15,000
UNLOCK MINISTIRES INC PO BOX 7742 MIDLAND,TX79708		PC	OPERATING EXPENSES	15,000
WEST TEXAS FOOD BANK PO BOX 4242 ODESSA,TX79760		PC	OPERATING EXPENSES	30,000
Total ................................. 3a				1,170,365

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

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	(e) Related or exempt function income (See instructions.)
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	208,108
4 Dividends and interest from securities ....			14	476,585
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 .....			14	28,204
8 Gain or (loss) from sales of assets other than inventory ............			18	-829,946
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		-117,049	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization YARBOROUGH FOUNDATION

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	YARBOROUGH CHARITABLE LEAD ANNUITY TRUST 200 N LORAINE SUITE 1500 MIDLAND, TX79701	$ 1,413,261	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

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			-111,746
b			53,372
c			242,758
d			-1,165,828
e			151,498


(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...................				0

bApproved for future payment

Total ................................. 3b				0

Name of organization YARBOROUGH FOUNDATION		Employer identification number 75-2919532

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
		$
(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
		$
(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)


Name of organization YARBOROUGH FOUNDATION			Employer identification number 75-2919532
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.) $ Use duplicate copies of Part III if additional space is needed.

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
FURNITURE	2017-06-30	4,238	3,328	SL	7.000000000000	605
MIDLAND LAND	2018-11-14	280,305		L		0
TRANSFERRED ASSETS-FULLY DEPRECIATED	2020-01-01	23,776	23,776	NC	0 %	0
TRANSFERRED ASSETS-ART & PHOTOS	2020-01-01	10,643		NC	0 %	0
FURNITURE & ART	2022-07-01	27,744		NC	0 %	0
LATERAL FILE CABINET	2023-12-29	1,150		SL	7.000000000000	21
LATERAL FILE CABINET	2023-10-05	311		SL	7.000000000000	6
DELL LAPTOP	2023-11-02	1,255		SL	5.000000000000	31
HP PRINTER	2023-11-16	433		SL	5.000000000000	11

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
ORGANIZATIONAL COSTS	7,679	7,679	0
FURNITURE	4,238	3,933	305
MIDLAND LAND	280,305	0	280,305
TRANSFERRED ASSETS-FULLY DEPRECIATED	23,776	23,776	0
TRANSFERRED ASSETS-ART & PHOTOS	10,643	0	10,643
FURNITURE & ART	27,744	0	27,744
LATERAL FILE CABINET	1,150	21	1,129
LATERAL FILE CABINET	311	6	305
DELL LAPTOP	1,255	31	1,224
HP PRINTER	433	11	422

Description	Amount
INVESTMENT PRIOR YEAR RETURN OF CAPITAL	7,378
INVESTMENT 50% MEAL LIMITATION	102

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
INSURANCE EXPENSE	7,010	7,010	0
MEALS & ENTERTAINMENT	101	76	25
SEMINARS AND EDUCATION	6,140	0	6,140
RESEARCH FEES	2,344	0	2,344
OTHER EXPENSE	1,372	1,244	128
OFFICE EXPENSE	6,837	5,128	1,709
REPAIRS	880	880	0
PRIOR YEAR TIMING	68,004	0	0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME PARTNERSHIPS	460	460	460
DEPRECIATION ADJUSTMENT	27,744	27,744	27,744

Software ID:
Software Version:

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FOREIGN TAXES ON STOCK DIVIDENDS	7,966	7,966	0
FEDERAL INCOME TAX	3,000	0	0
PAYROLL TAXES	5,005	0	5,005