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
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 07-01-2022 , and ending 06-30-2023
Name of foundation
ANVERSE INC
 
% LISA KRAUSS
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3248
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARTERSVILLE, GA301201705
A Employer identification number

58-2507031
B Telephone number (see instructions)

(678) 721-0251
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$121,749,919J 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) 8,763,150
2 Check right arrow.............
3 Interest on savings and temporary cash investments 66,296 66,296 66,296
4 Dividends and interest from securities... 23,803 23,803 23,803
5a Gross rents............ 1,800 1,800 1,800
b Net rental income or (loss) 1,450
6a Net gain or (loss) from sale of assets not on line 10 374,746
b Gross sales price for all assets on line 6a 2,173,654
7 Capital gain net income (from Part IV, line 2)... 1,696,771
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 337
b Less: Cost of goods sold.... 71
c Gross profit or (loss) (attach schedule)..... Click to see attachment
List of Attached Documents:
// Content
266 266
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
783,526 -6,758 783,526
12 Total. Add lines 1 through 11........ 10,013,587 1,781,912 875,691
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 174,160   87,080 87,080
14 Other employee salaries and wages...... 5,794,016   159,055 5,634,961
15 Pension plans, employee benefits....... 1,523,095   52,427 1,471,720
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
313 0 148 165
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,394 0 0 39,644
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
981 710 710  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
350 350 350  
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
3,572,721   47,679
20 Occupancy.............. 2,091,240   93,364 1,995,857
21 Travel, conferences, and meetings....... 42,000   1,511 40,147
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,379,943   59,500 2,292,542
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 15,612,213 1,060 501,824 11,562,116
25 Contributions, gifts, grants paid....... 4,411,245 4,444,362
26 Total expenses and disbursements. Add lines 24 and 25 20,023,458 1,060 501,824 16,006,478
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,009,871
b Net investment income (if negative, enter -0-) 1,780,852
c Adjusted net income (if negative, enter -0-)... 373,867
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 400 400 400
2 Savings and temporary cash investments......... 10,068,103 2,209,639 2,209,639
3 Accounts receivable right arrow96,307
Less: allowance for doubtful accounts right arrow   280,172 96,307 96,307
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.......... 214,688 177,970 177,970
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow40,100
Less: accumulated depreciation (attach schedule) right arrow10,065 30,492 30,035 30,035
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 414,344 Click to see attachment
List of Attached Documents:
// Content
602,344 		602,344
14 Land, buildings, and equipment: basis right arrow148,329,954
Less: accumulated depreciation (attach schedule) right arrow39,122,070 111,212,494 109,207,884 109,207,884
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
9,445,678 		Click to see attachment
List of Attached Documents:
// Content
9,425,340 		Click to see attachment
List of Attached Documents:
// Content
9,425,340
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 131,666,371 121,749,919 121,749,919
Liabilities 17 Accounts payable and accrued expenses.......... 478,871 321,074
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)    
23 Total liabilities (add lines 17 through 22)......... 478,871 321,074
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........... 131,187,500 121,428,841
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 131,187,500 121,428,841
30 Total liabilities and net assets/fund balances (see instructions). 131,666,371 121,749,915
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
131,187,500
2
Enter amount from Part I, line 27a .....................
2
-10,009,871
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
337,557
4
Add lines 1, 2, and 3 ..........................
4
121,515,186
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
86,345
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
121,428,841
Form 990-PF (2022)
Form 990-PF (2022)
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 AUDAX PRIVATE EQUITY FUND III     2022-12-31
b CARLYLE EUROPE PARTNERS III     2022-12-31
c CARLYLE MEZZANINE LIQUIDATING TRUST     2022-12-31
d CARLYLE PARTNERS V LP     2022-12-31
e CARLYLE PARTNERS V SN CAYMAN     2022-12-31
CARLYLE REALTY PARTNERS V     2022-12-31
CARLYLE REALTY PARTNERS V AIV     2022-12-31
DLJ REAL ESTATE CAP     2022-12-31
FRANCISCO PARTNERS II LP     2022-12-31
MADISON DEARBORN PARTNERS V     2022-12-31
MATLIN PATTERSON GLOBAL OPP     2022-12-31
IP III BLOCKER I LP     2022-12-31
PRIVATE ADVISORS LIQUIDATING TRUST     2022-12-31
BROWN ADVISORY INVESTORS 2006     2022-12-31
SOVEREIGN AXIS ASSETS LLC     2022-12-31
STRATEGIC PARTNERS FUND III     2022-12-31
TIGER GLOBAL PRIVATE PARTNERS IV     2022-12-31
TIMBERVEST PARTNERS II     2022-12-31
TRIATLANTIC CAPITAL PARTNERS IV AIV CAYMAN     2022-12-31
WELSH CARSON ANDERSON STOWE X     2022-12-31
10,000 SHS - APPLE INC D   2023-05-30
BLACKSTONE DISTRESSED SECURITIES     2022-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 302     302
b 192     192
c 102     102
d 6,827     6,827
e 4,291     4,291
    172 -172
1,345     1,345
    26,532 -26,532
38,375     38,375
529     529
26,077     26,077
    1,391 -1,391
    3,807 -3,807
267     267
323,343     323,343
797     797
13     13
    355 -355
1,984     1,984
    1 -1
1,768,986   444,625 1,324,361
224     224
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       302
b       192
c       102
d       6,827
e       4,291
      -172
      1,345
      -26,532
      38,375
      529
      26,077
      -1,391
      -3,807
      267
      323,343
      797
      13
      -355
      1,984
      -1
      1,324,361
      224
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 1,696,771
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  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
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 24,754
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 24,754
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 24,754
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 87,304
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 87,304
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 62,550
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow62,550 Refundedright arrow 11  
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? Click to see list of attachments
List of Attached Documents:
// Content
....................
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 changesClick to see list of attachments
List of Attached Documents:
// Content
....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
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 arrowGA, MD
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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
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 Click to see attachment
List of Attached Documents:
// Content
.............
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 arrowN/A
14
The books are in care ofright arrowLISA KRAUSS Telephone no.right arrow (678) 721-0251

Located atright arrowPO BOX 3248CartersvilleGA ZIP+4right arrow30120
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 2022, 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
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)
Yes
 
(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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
 
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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
LORRAINE MCCLAIN VICE PRESIDENT
1.0 		0 0 0
PO BOX 785
CARTERSVILLE,GA30120
FORREST MCCLAIN Secretary/Treasurer
5.0 		0 0 0
PO BOX 785
CARTERSVILLE,GA30120
EARLINE BURKE Director
1.0 		0 0 0
PO Box 3248
CARTERSVILLE,GA30120
DAVID AIKEN Director
1.0 		0 12,611 0
PO BOX 785
CARTERSVILLE,GA30120
JONATHAN J OSCHER PRESIDENT
10.0 		0 16,028 0
PO BOX 785
CARTERSVILLE,GA30120
MARTY SONENSHINE EXECUTIVE DIRECTOR
40.0 		174,160 18,421 1,233
PO BOX 3188
CARTERSVILLE,GA30120
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
LISA KRAUSS CONTROLLER
40.0 		137,500 17,768 393
PO BOX 3188
CARTERSVILLE,GA30120
MARK S KRIDER DIRECTOR CCNFP
40.0 		102,460 15,439 933
PO BOX 3188
CARTERSVILLE,GA30120
MATT SANTINI DIRECTOR ART/SCIENCE
40.0 		95,960 28,862 933
PO BOX 3188
CARTERSVILLE,GA30120
MARI BRADLEY ASST CONTROLLER
40.0 		96,000 15,676 393
PO BO 3188
CARTERSVILLE,GA30120
PATSY WADE PROGRAM DIRECTOR
40.0 		88,040 19,019 933
PO BOX 3188
CARTERSVILLE,GA30120
Total number of other employees paid over $50,000...................right arrow 20
Form 990-PF (2022)
Form 990-PF (2022)
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
CLOWERS ELECTRIC LLC 0 60,418
PO BOX 683
CARTERSVILLE,GA30120
STRUCTURAL SOUTH GROUP LLC 0 73,575
890 EAGLE CREEK DRIVE
LAWRENCEVILLE,GA30044
7 HILLS FIRE PROTECTION CO INC 0 116,075
446 BURNT HICKORY ROAD SW
CARTERSVILLE,GA30120
STASCO MECHANICAL CONTRACTORS INC 0 113,135
1391 cobb pkwy n
MARIETTA,GA30062
JOHN RICE INC 0 84,656
25 hilltop drive
CARTERSVILLE,GA30120
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 MUSEUM ACTIVITIES - SEE ATTACHED STATEMENT 8,276,282
2 THE GRAND THEATER - SEE ATTACHED STATEMENT 816,156
3 CARROLL NONPROFIT CENTER - SEE ATTACHED STATEMENT 649,179
4 WBHF RADIO - SEE ATTACHED STATEMENT 618,620
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 (2022)
Form 990-PF (2022)
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
0
b
Average of monthly cash balances.......................
1b
2,517,996
c
Fair market value of all other assets (see instructions)................
1c
548,444
d
Total (add lines 1a, b, and c).........................
1d
3,066,440
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
3,066,440
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,066,440
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
0
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
0
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
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
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
 
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
16,006,478
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
3,066,440
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
19,072,918
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......  
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$  
a Applied to 2021, 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 2022 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2022.    
(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  
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		 
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 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
2001-07-05
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) 2022 (b) 2021 (c) 2020 (d) 2019
0 0 0 307,164 307,164
b 85% (0.85) of line 2a ......... 0 0 0 261,089 261,089
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		19,072,918 24,600,507 45,132,231 25,901,759 114,707,415
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 .... 		19,072,918 24,600,507 45,132,231 25,901,759 114,707,415
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ...... 121,749,919 170,453,877 124,955,227 118,809,797 535,968,820
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		0 0 0 204,776 204,776
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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).)
JONATHAN J OSCHER
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 (2022)
Form 990-PF (2022)
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

ADVOCATES FOR CHILDREN

PO BOX 446
CARTERSVILLE,GA30120 		  PC GRANT - INTERVIEW AND MEDICAL EXAM ROOM 40,000

BARTOW COUNTY SCHOOL SYSTEM

65 GILREATH RD
CARTERSVILLE,GA30121 		  GOV SUPPORT OF RENAISSANCE PROGRAM AND REACH SCHOLARSHIP 30,500

BARTOW FAMILY RESOURCES

200 LEAKE ST SUITE 107
CARTERSVILLE,GA30120 		  PC PROGRAM GRANT 15,000

BARTOW HEALTH ACCESS INC

16 PARK COURT
CARTERSVILLE,GA30120 		  PC PROGRAM GRANT AND EMPLOYEE MATCHING GRANT 46,350

BOYS AND GIRLS CLUB OF PIEDMONT INC

1415 SHELTON AVE
STATESVILLE,NC28677 		  PC GRANT - CAPITAL, TEEN PROGRAM, AND WINTHROP 50,000

CARTERSVILLE SCHOOL SYSTEM

PO BOX 3310
CARTERSVILLE,GA30120 		  GOV RENAISSANCE PROGRAM 15,000

CARTERSVILLE SCHOOLS FOUNDATION

PO BOX 3804
CARTERSVILLE,GA30120 		  PC GATE KEY SCHOLARSHIP SUPPORT 10,000

COMMUNITY FOUNDATION OF RAPPAHANNOCK

PO BOX 208
FREDRICKSBURG,VA22404 		  PC FUNDING AGREEMENT- SOFTWARE UPGRADE 7,500

DOUGLAS STREET UNITED METHODIST CHURCH

219 DOUGLAS STREET
CARTERSVILLE,GA30120 		  PC OPERATING GRANT - AFTER SCHOOL PROGRAM 270,500

EMPOWERHOUSE

PO BOX 1007
FREDRICKSBURG,VA22402 		  PC GRANT- GENERATOR AND MATTRESSES 22,500

ETOWAH SCHOLARSHIP FOUNDATION

PO BOX 1239
CARTERSVILLE,GA30120 		  PC GRANT - OPERATIONS AND STAFF & EMPLOYEE MATCHING GRANT 73,168

FAUQUIER FREE CLINIC

PO BOX 3138
WARRENTON,VA20188 		  PC GRANT - DENTAL EQUIPMENT 12,000

FEEDNC

PO BOX 5173
MOORESVILLE,NC26117 		  PC GRANT - COMPUTERS 2,900

FIRST PRESBYTERIAN CHURCH

183 W MAIN STREET
CARTERSVILLE,GA30120 		  PC OPERATING GRANT - AFTER SCHOOL PROGRAM 470,333

FUNDACION COMMUNITARIA DE PUERTO RICO

PO BOX 70362
SAN JUAN,PR009368362 		  PC PROGRAM GRANTS 312,552

GEORGIA DIVERSIFIED INDUSTRIES INC

66 GILREATH RD
CARTERSVILLE,GA30121 		  PC GRANT - TRUCK AND TABLE REPAIRS 7,500

GEORGIA MUSEUMS INC

501 MUSEUM DRIVE
CARTERSVILLE,GA30120 		  PC GRANT - CAPITAL EXPENDITURES 2,575,652

GOOD NEIGHBOR HOMELESS SHELTER

PO BOX 664
CARTERSVILLE,GA30120 		  PC PROGRAM GRANT 61,000

HEALTHREACH COMMUNITY CLINIC

PO BOX 1265
MOORESVILLE,GA28115 		  PC PROGRAM GRANT - MOBILE DENTAL CLINIC 20,000

HICKORY LOG VOCATIONAL SCHOOL

3680 HIGHWAY 411
WHITE,GA30184 		  PC GRANT - UPGRADE KITCHEN AND FURNISHINGS, PROGRAM GRANT 38,434

HOSPICE OF IREDELL COUNTY

2347 SIMONTON RD
STATESVILLE,NC28625 		  PC IN-SCHOOL COUNSELING AND JOURNALS FOR CAMP RAINBOW 21,000

LLOYD F MOSS FREE CLINIC

435 HUNTER STREET
FREDRICKSBURG,VA22401 		  PC PROGRAM GRANT AND AUTOCLAVE REPLACEMENT 20,000

LOISANN'S HOPE HOUSE

902 LAFAYETTE BLVD
FREDRICKSBURG,VA22401 		  PC GRANT - COTTAGE RENOVATION 20,000

MICAH MINISTRIES

PO BOX 3277
FREDRICKSBURG,VA22402 		  PC GRANT - STEP FORWARD PROGRAM 15,000

RAPPAHANNOCK AREA YMCA

212 BUTLER ROAD
FREDRICKSBURG,VA22405 		  PC GRANT - POWER SCHOLARS ACADEMY 30,000

RAPPAHANNOCK BIG BROTHERS BIG SISTERS

325-A WALLACE STREET
FREDRICKSBURG,VA22401 		  PC PROGRAM GRANT 20,000

RAPPAHANNOCK CASA INC

509-C LAFAYETTE BLVD
FREDRICKSBURG,VA22401 		  PC PROGRAM GRANT 10,000

STAFFORD JUNCTION

791 TRUSLOW RD
FREDRICKSBURG,VA22406 		  PC PROGRAM GRANT 15,000

TRANQUILITY HOUSE

PO BOX 1383
CARTERSVILLE,GA30120 		  PC GRANT - BUILDING MAINTENANCE AND EMPLOYEE MATCHING GRANT 3,100

YMCA NORTHWEST NORTH CAROLINA

828 WESLEY DRIVE
STATESVILLE,NC28677 		  PC GRANT - BRIDGE ACADEMY AND ESSENTIAL ITEMS FOR HOTEL KIDS 17,500

BALD RIDGE LODGE INC

112 NORTH MAIN STREET
CUMMING,GA30040 		  PC GRANT - REPAIR VEHICLE, PAINTING AND FURNITURE 16,000

BARTOW BOOKMOBILE

475 E MAIN STREET 142
CARTERSVILLE,GA30121 		  PC FUNDING GRANT TO HELP WITH NEW PROGRAM EXPENSES 5,000

BARTOW COUNTY GOVERNMENT

112 WEST CHEROKEE AVE
CARTERSVILLE,GA30120 		  GOV GRANT - MENTAL HEALTH COURT 7,500

CHRISTIAN MISSION MOORESVILLE

PO BOX 62
MOORESVILLE,NC28115 		  PC GRANT - FREEZER/COOLER AND TRUCK REPAIR 26,000

FAMILY SHELTER SERVICES

PO BOX 3599
WARRENTON,VA20188 		  PC GRANT - SHELTER RENOVATIONS 24,000

FAUQUIER COMMUNITY COALITION

41 W LEE HIGHWAY
SUITE 59 BOX 831
WARRENTON,VA20186 		  PC GRANT - WINDOW AND INSULATION IMPROVEMENT 10,000

FAUQUIER FISH

PO BOX 891
WARRENTON,VA20188 		  PC PROGRAM GRANT 15,000

GEORGIA MENTAL HEALTH CONSUMER

201 N IRWIN ST
CARTERSVILLE,GA30120 		  GOV GRANT - FURNISHINGS AND SUPPLIES 8,500

HISTORY CHEROKEE

221 E MARIETTA STREET
CANTON,GA30114 		  PF SUPPORT FOR NEW MUSEUM 25,000

IREDELL CO PARTNERSHIP FOR YOUTH

734 SALISBURY ROAD
STATESVILLE,NC28687 		  PC discretionary grant pampered pantry diaper assistance 5,000

LAUREL RIDGE COMMUNITY COLLEGE

6480 COLLEGE ST
WARRENTON,VA20187 		  PC GRANT FOR WELDING CLASS 7,000

SAWS VIRGINIA

PO BOX 41208
FREDERICKSBURG,VA22404 		  PC GRANT - MATERIALS FOR WHEELCHAIR RAMPS 7,500

ALZHEIMER'S ASSOCATION

41 PERIMETER CENTER EAST STE 550
ATLANTA,GA30346 		  PC EMPLOYEE MATCHING GRANT 100

AMERICAN HEART ASSOCIATION

PO BOX 78851
PHOENIX,AZ850628851 		  PC EMPLOYEE MATCHING GRANT 100

BARTOW COLLABORATIVE

475 EAST MAIN STREET 218
CARTERSVILLE,GA30121 		  PC EMPLOYEE MATCHING GRANT 100

CARINGBRIDGE

PO BOX 6032
ALBERT LEA,MN56007 		  PC EMPLOYEE MATCHING GRANT 100

CARTERSVILLE BARTOW EXCHANGE CLUB

130 RIVERSIDE DRIVE
CARTERSVILLE,GA30120 		  NC EMPLOYEE MATCHING GRANT 600

CARTERSVILLE MIDDLE SCHOOL

825 DOUTHIT FERRY ROAD
CARTERSVILLE,GA30120 		  GOV EMPLOYEE MATCHING GRANT 146

ETOWAH VALLEY HUMANE SOCIETY

36 LADDS MOUNTAIN ROAD
CARTERSVILLE,GA30120 		  PC employee matching grant 200

HUDSON INSTITUTE OF MINERALOGY

1113 CAMBRIDGE HILL LANE
KESWICK,VA229472749 		  PC EMPLOYEE MATCHING GRANT 46

LULA LAKE LAND TRUST

PO BOX 395
LOOKOUT MOUNTAIN,TN373500395 		  NC EMPLOYEE MATCHING GRANT 23

NEW FRONTIER OF BARTOW COUNTY

PO BOX 1891
CARTERSVILLE,GA30120 		  PC EMPLOYEE MATCHING GRANT 90

RAILS TO TRAILS CONSERVANCY

2121 WARD COURT 5TH FLOOR
WASHINGTON,DC300906014 		  PC EMPLOYEE MATCHING GRANT 23

READING TO GO PLACES

475 E MAIN STREET 142
CARTERSVILLE,GA30121 		  PC EMPLOYEE MATCHING GRANT 130

SHOP WITH THE HEROS

CO BARTOW COUNTY SHERIFF DEPT
104 ZENA DRIVE
CARTERSVILLE,GA30121 		  GOV EMPLOYEE MATCHING GRANT 100

ST JUDE CHILDREN'S RESEARCH HOSPITAL

PO BOX 810
MEMPHIS,TN38101 		  PC EMPLOYEE MATCHING GRANT 475

THE NATURE CONSERVANCY

4245 FAIRFAX DRIVE
ARLINGTON,VA222031606 		  PC EMPLOYEE MATCHING GRANT 23
Total .................................right arrow 3a 4,411,245
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
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
aGRAND THEATRE RENTAL         31,632
bADMISSIONS         108,569
cCAMP TUITION         28,875
dENRICHMENT PROGRAMS         201,649
eCARROLL NONPROFIT CENTER         114,774
fEDUCATIONAL PROGRAMS         6,538
RADIO ADVERTISING 541800 298,147      
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		901101 10 14 66,286  
4 Dividends and interest from securities .... 901101 15 14 23,788  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 1,800  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 -9,627 18 406,622 -22,249
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory     03 266  
11 Other revenue:
aMISCELLANEOUS REVENUE 		      0 100
bOTHER INVESTMENT INCOME FROM PTE 901101 -912 18 0  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 287,633 492,916 469,888
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,250,437
(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.)
1 Rental from Grand Theater is a minimal amount charged to help recover cost of theater operation. Groups are charged based on ability to pay. Charging rent allows for maintenance of a facility in the community which is available to present live performances.
2 Admissions and tuitions are received from children's camps and workshops. These camps are used to teach children science and art through hands on experiences.
3 Revenues from Enrichment programs are received from School systems in exchange for providing a teacher resource center. Schools or individual pay a fee for access to resource center. Resource Center provides lesson aids, materials for use in education and classroom training.
4 Space in the Carroll Nonprofit Center is provided to other non-profit entities either free of charge or for a nominal rental fee. The non-profit entities pays a pro-rated portion of building utilities.
Form 990-PF (2022)
Form 990-PF (2022)
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 (2022)
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
2022
Name of the organization
ANVERSE INC
 
Employer identification number

58-2507031
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) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
ANVERSE INC
  		Employer identification number
58-2507031
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
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 1,744,400


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
CENTURY BANK
215 EAST MAIN STREET
 
CARTERSVILLE, GA30120

$ 12,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 1,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 1,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 3,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 500,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Name of organization
ANVERSE INC
  		Employer identification number
58-2507031
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
7
GLENDA MITCHELL LAW FIRM
807 N TENNESSEE ST STE 201
 
CARTERSVILLE, GA30120

$ 6,000


(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) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
ANVERSE INC
  		Employer identification number

58-2507031
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
 10,000 SHARES OF APPLE, INC. STOCK $ 1,744,400 2023-05-26
(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) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
ANVERSE INC
  		Employer identification number

58-2507031
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) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT FEES 33,394     39,644

TY 2022 CashDeemedCharitableExplnStmt
Name:
ANVERSE INC
EIN:
58-2507031
Explanation:
CASH DEEMED HELD FOR CHARITABLE ACTIVITIES HAS BEEN ADJUSTED TO REFLECT AMOUNTS REQUIRED FOR THE NORMAL AND CURRENT DISBURSEMENTS DIRECTLY CONNECTED WITH THE DAILY OPERATION OF THE FOUNDATION'S PROGRAMS, AS WELL AS CAPITAL EXPENDITURES. THE ESTIMATED TOTAL AMOUNTS REQUIRED FOR THE NORMAL AND CURRENT DISBURSEMENTS AND CAPITAL EXPENDITURES FOR FYE 6-30-23 IS $14,168,148. THE ORGANIZATION'S CURRENT LIQUID ASSETS, SECURITIES, AND OTHER INVESTMENT ASSETS WILL BE UTILIZED FOR THESE CHARITABLE EXPENDITURES. THE FOUNDATION DOES NOT USE OUTSIDE FINANCIING. CASH HAS BEEN ADJUSTED FOR AMOUNTS BUDGETED FOR OPERATIONS AND CAPITAL EXPENDITURES.

TY 2022 ContractorCompensationExpln
Name:
ANVERSE INC
EIN:
58-2507031
Contractor Explanation
CLOWERS ELECTRIC LLC various electrical projects including work on Savoy car lifts.
STRUCTURAL SOUTH GROUP LLC labor for framing work on the Pavillion
7 HILLS FIRE PROTECTION CO INC materials and installation of sprinkler system for vehicle storage building
STASCO MECHANICAL CONTRACTORS INC material and installation of retainage system around Museum and Storage building
JOHN RICE INC savoy building contractor

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

TY 2022 DepreciationSchedule
Name:
ANVERSE INC
EIN:
58-2507031
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

TY 2022 InvestmentsOtherSchedule2
Name:
ANVERSE INC
EIN:
58-2507031
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENTS IN PRIVATE EQUITY FMV 602,344 602,344

TY 2022 LegalFeesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 313   148 165


TY 2022 OtherAssetsSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
MUSEUM ARTWORK 8,326,339 8,307,839 8,307,839
COLLECTION 1,085,800 1,085,700 1,085,700
LIBRARY 33,539 31,801 31,801


TY 2022 OtherDecreasesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Description Amount
PY FEDERAL INVESTMENT TAX EXPENSE 86,345


TY 2022 OtherExpensesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ARTIST SPEAKER & ENTERTAINER 25,156     25,156
AUDIO/VISUAL EXPENSE 9,984     9,984
BANK SERVICE EXPENSE 4,951   72 4,879
BENEFIT PLAN EXPENSE -1,302     -3,223
BENEVOLENCE PROGRAM 26,441     23,587
BOOKS & PERIODICALS 95     95
CAMP EXPENSES 33,096     31,309
COLLECTION CONSERVATION 37,646     37,646
CONTRACT LABOR 68,913   21,194 44,743
CREDIT CARD PROCESSING FEES 23,916   4,488 18,247
DUES & SUBSCRIPTIONS 28,933   1,407 27,041
EDUCATIONAL PROGRAM EXPENSE 29,288     29,380
ENGINEERING SERVICES 24,000     24,000
ENRICHMENT EXPENSES 75,114     75,114
ENTERTAINMENT SERIES EXPENSE 44,994     44,994
EQUIPMENT REPAIRS & MAINTNCE 21,455   268 21,325
EQUIPMENT RENTAL EXPENSE 56,327   122 56,380
EQUIPMENT SUPPLIES 28,389   1,547 29,680
EXHIBIT EXPENSE 233,881     233,881
FOOD 5,927     5,922
FUEL 8,860   224 8,299
IN-HOUSE PROGRAMMING EXPENSE 18,070     14,420
INSTRUCTORS 54,914     54,914
INSURANCE 386,329   3,185 383,144
LIBRARY 745     745
LICENSES & OTHER TAXES 23,943   5,582 18,361
MARKETING 343,509   7,396 334,941
MATERIALS AND SUPPLIES 86,882     85,769
MIS FEES 216,307   9,051 196,754
NETWORK & COMMUNICATIONS 168,808     165,589
OFFICE SUPPLIES 29,325   1,432 29,395
PAYROLL SERVICE 88,387     88,387
POSTAGE 8,443   135 8,381
PRE-EMPLOYMENT EXPENSE 3,040   149 2,942
RADIO PROGRAMMING 6,225     6,225
RADIO TOWER EXPENSES 5,413     5,451
RENTS 6,754     6,754
RESEARCH 2,744     2,744
STAFF DEVELOPMENT 19,916   161 19,755
TICKETING/HOSTS 2,732     2,732
UNIFORMS 24,004     23,031
VEHICLE EXPENSES 6,862   137 6,725
VOLUNTEER EXPENSES 28,778   724 27,423
WORKERS COMPENSATION 60,888   2,226 58,662
RELATED PARTY EXPENSE 500     500
MISCELLANEOUS EXPENSES 361     359


TY 2022 OtherIncomeSchedule2
Name:
ANVERSE INC
EIN:
58-2507031
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GRAND THEATRE RENTAL 31,632   31,632
ADMISSIONS 108,569   108,569
CAMP TUITION 28,875   28,875
ENRICHMENT PROGRAMS 201,649   201,649
EDUCATIONAL PROGRAMS 6,538   6,538
CARROLL NONPROFIT CENTER PROGRAMS 114,774   114,774
ADVERTISING 298,147   298,147
PARTNERSHIP INCOME -6,758 -6,758 -6,758
other income - voided check 100   100


TY 2022 OtherIncreasesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Description Amount
NONTAXABLE INCOME 9
UNREALIZED GAIN ON PRIVATE EQUITY 337,548


TY 2022 OtherProfessionalFeesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MGT FEES - SAA 809 538 538  
INVESTMENT MGT FEES - GOLDMAN 172 172 172  


TY 2022 SalesOfInventoryList 
Name:
ANVERSE INC
EIN:
58-2507031

Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
Cost of Goods Sold)
CONCESSIONS 337   337

TY 2022 TaxesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REAL ESTATE TAXES 350 350 350  


TY 2022 TransfersFrmControlledEntities
Name:
ANVERSE INC
EIN:
58-2507031
Name US /
Foreign Address		 EIN Description Amount
HIGHLANDS DEVELOPMENT ASSOCIATES PO BOX 3248
CARTERSVILLE,GA30120 		46-1985745 N/A 0
Total