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
ELSA M HEISEL SULE CHARITABLE TRUST 2005
 
Number and street (or P.O. box number if mail is not delivered to street address)334 BEECHWOOD RD 550
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FT MITCHELL, KY41017
A Employer identification number

20-7277661
B Telephone number (see instructions)

(859) 344-9966
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$23,683,216J 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 48,428 48,428 48,428
4 Dividends and interest from securities... 693,551 693,551 693,551
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -112,066
b Gross sales price for all assets on line 6a 1,216,207
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain......... 941
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........ 629,913 741,979 742,920
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 306,150 61,230   244,920
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
12,000     12,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
18,680 1,868   16,812
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
31,375 3,137   28,238
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
7,520 7,520    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
157    
20 Occupancy.............. 16,724 1,672   15,052
21 Travel, conferences, and meetings....... 618     618
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
73,580 55,636   17,944
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 466,804 131,063   335,584
25 Contributions, gifts, grants paid....... 829,025 829,025
26 Total expenses and disbursements. Add lines 24 and 25 1,295,829 131,063   1,164,609
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -665,916
b Net investment income (if negative, enter -0-) 610,916
c Adjusted net income (if negative, enter -0-)... 742,920
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............. 106,843    
2 Savings and temporary cash investments......... 156,076 98,121 98,121
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.......... 30,992 30,992 30,992
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 17,380,241 Click to see attachment
List of Attached Documents:
// Content
16,893,020 		16,893,020
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,376,356 Click to see attachment
List of Attached Documents:
// Content
6,657,689 		6,660,689
14 Land, buildings, and equipment: basis right arrow1,763
Less: accumulated depreciation (attach schedule) right arrow1,369 551 Click to see attachment
List of Attached Documents:
// Content
394 		394
15 Other assets (describe right arrow)   Click to see attachment
List of Attached Documents:
// Content
4 		 
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,051,059 23,680,220 23,683,216
Liabilities 17 Accounts payable and accrued expenses..........   1,117
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
1 		 
23 Total liabilities (add lines 17 through 22)......... 1 1,117
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........... 24,051,058 23,679,103
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)..... 24,051,058 23,679,103
30 Total liabilities and net assets/fund balances (see instructions). 24,051,059 23,680,220
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
24,051,058
2
Enter amount from Part I, line 27a .....................
2
-665,916
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
293,961
4
Add lines 1, 2, and 3 ..........................
4
23,679,103
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,679,103
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 BAIRD P 2023-01-01 2023-12-01
b BAIRD P 2001-01-01 2023-12-31
c BAIRD P 2023-01-01 2023-12-01
d BAIRD P 2001-01-01 2023-12-31
e BAIRD P 2001-01-01 2023-12-31
802 PROCTER & GAMBLE CO P 2010-01-13 2023-08-09
RAYMOND JAMES P 2021-12-08 2023-12-31
RAYMOND JAMES P 2023-01-01 2023-12-01
RAYMOND JAMES P 2021-12-08 2023-12-31
RAYMOND JAMES P 2023-01-01 2023-12-01
RAYMOND JAMES P 2021-12-08 2023-12-31
(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 32,918   30,545 2,373
b 329,615   391,990 -62,375
c 1,987   1,914 73
d 19,335   26,720 -7,385
e 499,556   565,289 -65,733
125,058   49,203 75,855
100,000   103,039 -3,039
4,369   4,220 149
62,328   112,000 -49,672
9,564   11,218 -1,654
31,477   32,135 -658
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       2,373
b       -62,375
c       73
d       -7,385
e       -65,733
      75,855
      -3,039
      149
      -49,672
      -1,654
      -658
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 -112,066
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 3 941
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 8,492
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 8,492
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 8,492
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 21,644
b Exempt foreign organizations—tax withheld at source...... 6b  
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 21,644
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8  
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 13,152
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow13,152 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
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 .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowRUTH KLETTE Telephone no.right arrow (859) 344-9966

Located atright arrow334 BEECHWOOD RD SUITE 550FT MITCHELLKY ZIP+4right arrow41017
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
RUTH KLETTE Trustee
50.00 		234,150    
334 BEECHWOOD RD SUITE 550
FT MITCHELL,KY41017
JORDAN KLETTE-CUSHER Foundation Mgr.
40.00 		72,000    
334 BEECHWOOD RD SUITE 550
FT MITCHELL,KY41017
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  
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 arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
23,164,056
b
Average of monthly cash balances.......................
1b
245,655
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
23,409,711
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
 
3
Subtract line 2 from line 1d.........................
3
23,409,711
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
351,146
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,058,565
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,152,928
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,152,928
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
8,492
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,492
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,144,436
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,144,436
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
1,144,436
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,164,609
b
Program-related investments—total from Part VIII-B..................
1b
 
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
1,164,609
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,144,436
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 25,607
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,164,609
a Applied to 2022, but not more than line 2a 25,607
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 1,139,002
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		5,434
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
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:
ELSA M HEISEL SULE CHARITABLE TRUST
250 GRANDVIEW DR
FT MITCHELL,KY41017
(513) 335-4798
VRKLETTE@ELSA-TRUST.ORG
bThe form in which applications should be submitted and information and materials they should include:
WEBSITE APPLICATION "ELSASULEFOUNDATION.ORG"
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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
MADISON AVE CHRISTIAN CHURCH


1530 MADISON AVE
COVINGTON,KY41011 		NONE 501(C)(3) PROGRAM SUPPORT 3,000
CIRCLE TAIL INC


8834 CAREY LN
PLEASANT PLAIN,OH45162 		NONE PC Furnishings for New Building 23,500
WAVE FOUNDATION OF THE NEWPORT AQUA


ONE AQUARIUM WAY
NEWPORT,KY41071 		NONE PC PROGRAM SUPPORT 12,500
NORTHERN KENTUCKY UNIVERSITY FOUNDA


100 NUNN DR LUCAS ADMIN CENTER STE8
HIGHLAND HEIGHTS,KY41099 		NONE PC PROVIDE SCHOLARSHIPS AND SPONSOR A VISUAL ARTS EVENT 20,000
IMPACT 100


4010 EXECUTIVE PARK DR SUITE 100
CINCINNATI,OH45241 		NONE PC PROVIDE MEMBERSHIP SUPPORT 2,200
MOUNT SAINT JOSEPH UNIVERSITY


5701 DELHI RD
CINCINNATI,OH45233 		NONE PC SCHOLARSHIP FUNDING 21,000

MASTER PROVISIONS

7725 FOUNDATION DR
FLORENCE,KY41042 		NONE POF PROGRAM SUPPORT 17,000
ENSEMBLE THEATRE CINCINNATI


1127 VINE ST
CINCINNATI,OH45202 		NONE PC EXPAND THEATRE PROGRAMS AND FREE PROGRAMS 5,000
FAMILY NURTURING CENTER OF KENTUCKY


5 SPIRAL DRIVE SUITE 100
FLORENCE,KY41042 		NONE PC PROGRAM SUPPORT FOR CHILD ABUSE VICTIMS 7,500
NATIONAL HEMOPHILIA FOUNDATION


635 WEST SEVENTH STREET
CINCINNATI,OH45203 		NONE PC PROGRAM SUPPORT 7,500
PROJECT CAMP INC


1501 BURNLEY RD
SCOTTSVILLE,KY42164 		NONE PC SUPPORT FOR CAMP FOR SERIOUSLY ILL CHILDREN 7,500
CINCINNATI JAZZ HALL OF FAME


192 PENFIELD LN
CINCINNATI,OH45238 		NONE PC PROGRAM SUPPORT 10,000
CLERMONT FESTIVAL CHORALE


541 MAIN STREET
MILFORD,OH45150 		NONE PC PROGRAM SUPPORT 2,300
UPSPRING 360


PO Box 23300
CINCINNATI,OH45223 		NONE PC PROGRAM SUPPORT 10,000
BROMLEY CHRISTIAN CHURCH


216 KENTON ST
BROMLEY,KY41016 		NONE PC PROGRAM SUPPORT 4,000
COMMUNITY RESOURCE CENTER


936 DALTON AVENUE
CINCINNATI,OH45203 		NONE PC PROGRAM SUPPORT 5,525
EMERGENCY SHELTER OF NKY


634 SCOTT AVENUE
COVINGTON,KY41011 		NONE PC PROGRAM SUPPORT 5,000
LITERACY NETWORK OF GREATER CINCINN


1200 GEST STREET
CINCINNATI,OH45203 		NONE PC PROGRAM SUPPORT 7,500
MAGNIFIED GIVING


9940 Reading Road
CINCINNATI,OH45241 		NONE PC PROGRAM SUPPORT 20,000
OHIO VALLEY VOICES


6642 BRANCH HILL GUINEA PIKE
LOVELAND,OH45140 		NONE PC PROGRAM SUPPORT 24,000
GO PANTRY


7960 KENTUCKY DRIVE SUITE 1
FLORENCE,KY41042 		NONE PC PROGRAM SUPPORT 2,500
OHIO ALLEYCAT RESOURCE SPAYNEUTER


5619 ORLANDDO PLACE
CINCINNATI,OH45227 		NONE PC PROGRAM SUPPORT 7,500
PETS IN NEED OF GREATER CINCINNATI


520 W WYOMING AVENUE
CINCINNATI,OH45215 		NONE PC PROGRAM SUPPORT 7,500
QUEEN CITY OPERA


7340 LAUREL OAK LANE
CINCINNATI,OH45237 		NONE PC PROGRAM SUPPORT 7,500
BIG BRO BIG SIS OF CINCY


2400 READING ROAD SUITE 148
CINCINNATI,OH45202 		NONE PC PROGRAM SUPPORT 7,000
BLOC MINISTRIES INC


911 W EIGHTH ST
CINCINNATI,OH45203 		NONE PC PROGRAM SUPPORT 7,000
GIRLS ON THE RUN OF GREATER CIN


4760 RED BANK RD 218
CINCINNATI,OH45227 		NONE PC PROGRAM SUPPORT 7,500
CINCINNATI COMMUNITY TOOLBANK


1682 SEYMOUR AVENUE
CINCINNATI,OH45237 		NONE PC PROGRAM SUPPORT 10,000
FRIENDS OF HARRIET BEECHER STOWE HO


2950 GILBERT AVENUE
CINCINNATI,OH45206 		NONE PC PROGRAM SUPPORT 8,000
CANCER FAMILY CARE INC


4790 RED BANK EXPRESSWAY SUITE 128
CINCINNATI,OH45227 		NONE PC PROGRAM SUPPORT 10,000
INTER PARISH MINISTRY


3509 DEBOLT ROAD
NEWTOWN,OH45244 		NONE PC PROGRAM SUPPORT 10,000
KAREN CARNS FOUNDATION


4600 N MASON MONTGOMERY RD
MASON,OH45040 		NONE PC PROGRAM SUPPORT 7,500
OUR DAILY BREAD


1730 RACE STREET
CINCINNATI,OH45202 		NONE PC PROGRAM SUPPORT 7,500
FERNSIDEA CENTER FOR GRIEVING CHILD


4360 COOPER ROAD SUTIE 100
CINCINNATI,OH45242 		NONE PC PROGRAM SUPPORT 5,000
INNER CITY YOUTH OPPORTUNITIES


1821 SUMMIT ROAD SUITE 210
CINCINNATI,OH45237 		NONE PC PROGRAM SUPPORT 10,000
VISUALLY IMPAIRED PRESCHOOL SERVICE


1906 GOLDSMITH LANE
LOUISVILLE,KY40218 		NONE PC PROGRAM SUPPORT 5,000
BOYS HOPE GIRLS HOPE OF GREATER CIN


2400 READING ROAD SUITE 139
CINCINNATI,OH45202 		NONE PC PROGRAM SUPPORT 10,000
ENVISION CHILDREN


8 ENFIELD STREET
CINCINNATI,OH45218 		NONE PC PROGRAM SUPPORT 10,000
FLYING HORSE FARMS


5260 STATE ROUTE 95
MOUNT GILEAD,OH43338 		NONE PC PROGRAM SUPPORT 7,500
FOCUS ON YOUTH INC


8904 BROOKSIDE AVE
WEST CHESTER,OH45069 		NONE PC PROGRAM SUPPORT 7,500
PROKIDS


2605 BURNET AVE
CINCINNATI,OH45219 		NONE PC PROGRAM SUPPORT 8,000
JEWISH FAMILY SERVICE OF THE CINCIN


8487 RIDGE ROAD
CINCINNATI,OH45236 		NONE PC PROGRAM SUPPORT 7,000
LEADERSHIP COUNCIL FOR NONPROFITS


4010 EXECUTIVE PARK DR SUITE 100
CINCINNATI,OH45241 		NONE PC PROGRAM SUPPORT 6,500
CINCINNATI LANDMARK PRODUCTIONS


4990 GLENWAY AVE
CINCINNATI,OH45238 		NONE PC PROGRAM SUPPORT 7,500
CITYLINK CENTER


800 BANK STREET
CINCINNATI,OH45214 		NONE PC PROGRAM SUPPORT 10,000
FOUNDATION FOR OHIO RIVER EDUCATION


5735 KELLOGG AVE
CINCINNATI,OH45214 		NONE PC PROGRAM SUPPORT 8,000
MAYERSON FOUNDATION


312 WALNUT ST
CINCINNATI,OH45202 		NONE PC PROGRAM SUPPORT 4,000
FAITH COMMUNITY PHARMACY INC


601 WASHINGTON AVE
NEWPORT,KY41071 		NONE PC PROGRAM SUPPORT 10,000
DRAGONFLY FOUNDATION


506 OAK STREET
CINCINNATI,OH45219 		NONE PC PROGRAM SUPPORT 7,500
UNITED COALITION OF ANIMALS


2830 COLERAIN AVENUE
CINCINNATI,OH45225 		NONE PC PROGRAM SUPPORT 7,500
IMAGO


700 ENRIGHT AVENUE
CINCINNATI,OH45205 		NONE PC PROGRAM SUPPORT 5,000
A KID AGAIN INC


9600 MONTGOMERY RD LL SUITE 4
CINCINNATI,OH45242 		NONE PC PROGRAM SUPPORT 7,500
ACTIVITIES BEYOND THE CLASSROOM


635 WEST 7TH STREET SUITE 301
CINCINNATI,OH45203 		NONE PC PROGRAM SUPPORT 7,500
CAMP JOY


PO BOX 417
CLARKSVILLE,OH45113 		NONE PC PROGRAM SUPPORT 7,500
CINCINNATI TENNIS FOUNDATION


3280 HARDISTY AVE
CINCINNATI,OH45208 		NONE PC PROGRAM SUPPORT 11,000
THE FIRST TEE OF GREATER CINCINNATI


4747 PLAYFIELD LANE
CINCINNATI,OH45226 		NONE PC PROGRAM SUPPORT 6,000
HEARING SPEECH DEAF CENTER OF GREAT


2825 BURNET AVENUE SUITE 330
CINCINNATI,OH45219 		NONE PC PROGRAM SUPPORT 8,000
CHANGINGGEARS INC


1995 CENTRAL AVENUE
CINCINNATI,OH45214 		NONE PC PROGRAM SUPPORT 10,000
CORPORATION FOR FINDLAY MARKET OF C


19 WEST ELDER STREET
CINCINNATI,OH45202 		NONE PC PROGRAM SUPPORT 9,500
LEAD TRAINING


5325 DEERFIELD BLVD
MASON,OH45040 		NONE PC PROGRAM SUPPORT 10,000
SQUARE1 INC


794 LAUREN DRIVE
VILLA HILLS,KY41017 		NONE PC PROGRAM SUPPORT 7,500
CANCER SUPPORT COMMUNITY-GREATER CI


4918 COOPER ROAD
CINCINNATI,OH45242 		NONE PC PROGRAM SUPPORT 5,000
MINDPEACE


5642 HAMILTON AVENUE
CINCINNATI,OH45224 		NONE PC PROGRAM SUPPORT 10,000
PINK RIBBON GIRLS INC


32 E MAIN ST
TIPP CITY,OH45371 		NONE PC PROGRAM SUPPORT 10,000
BIG BROTHERS BIG SISTERS OF BUTLER


1755 S ERIE BLVD SUITE D
HAMILTON,OH45011 		NONE PC PROGRAM SUPPORT 10,000
FOREVER KINGS INC


7357 BROOKCREST DR
CINCINNATI,OH45237 		NONE PC PROGRAM SUPPORT 8,000
MY NOSE TURNS RED THEATRE COMPANY


PO BOX 12253
COVINGTON,KY41012 		NONE PC PROGRAM SUPPORT 5,000
NORTH FAIRMONT COMMUNITY CENTER


1826 BALTIMORE AVE
CINCINNATI,OH45225 		NONE PC PROGRAM SUPPORT 7,500
SAMARITAN CAR CLINIC INC


8832 READING RD
CINCINNATI,OH45215 		NONE PC PROGRAM SUPPORT 8,000
CINCINNATI WORKS INC


708 WALNUT ST
CINCINNATI,OH45202 		NONE PC PROGRAM SUPPORT 5,000
THE NANCY AND DAVID WOLF HOLOCAUST


1301 WESTERN AVE
CINCINNATI,OH45203 		NONE PC PROGRAM SUPPORT 12,000
THE POINTARC OF NORTHERN KENTUCKY I


104 W PIKE ST
COVINGTON,KY41011 		NONE PC PROGRAM SUPPORT 1,500
NEW LIFE FURNITURE INC


11335 REED HARTMAN HWY STE 134
BLUE ASH,OH45241 		NONE PC PROGRAM SUPPORT 10,000
FRANKIES FURRY FRIENDS RESCUE


8411 WASHINGTON TRACE
CALIFORNIA,KY41007 		  501(C)(3) PROGRAM SUPPORT 5,000
CINCINNATI SONG INITIATIVE


203 E 8TH ST SUITE 3
CINCINNATI,OH45202 		none PC PROGRAM SUPPORT 5,000
KENNEDY HEIGHTS ART CENTER


6546 MONTGOMERY RD
CINCINNATI,OH45213 		none PC PROGRAM SUPPORT 5,000
MOVERS AND MAKERS PUBLISHING


412 LIBERTY HILL UNIT 3A
CINCINNATI,OH45202 		none PC PROGRAM SUPPORT 10,000
AMERICAN DIABETES ASSOCIATION


2451 CRYSTAL DRIVE
ARLINGTON,VA22202 		none PC PROGRAM SUPPORT 5,000
CINCINNATI BOYCHOIR INC


650 WALNUT STREET
CINCINNATI,OH45202 		  PC PROGRAM SUPPORT 7,500
EVERY CHILD SUCCEEDS INC


3333 BURNET AVE MLC 3005
CINCINNATI,OH45229 		none PC PROGRAM SUPPORT 7,500
G L A D HOUSE INC


1994 MADISON ROAD
CINCINNATI,OH45208 		none PC PROGRAM SUPPORT 10,000
HOPE'S CLOSET


9850 PRINCETON GLENDALE RD SUITE C
WEST CHESTER,OH45246 		none PC PROGRAM SUPPORT 10,000
KENTUCKY YOUTH LAW PROJECT INC


820 TREMONT AVE
LEXINGTON,KY40502 		none PC PROGRAM SUPPORT 1,000
LUKE 5 ADVENTURE INC


406 4TH AVENUE
MASON,OH45040 		none PC PROGRAM SUPPORT 9,500
MENTORING PARTNERS


712 CASTLEGATE LN UNIT 101
CINCINNATI,OH45231 		none PC PROGRAM SUPPORT 8,000
SAFE FAMILIES FOR CHILDREN ALLIANCE


11199 MONTGOMERY ROAD
CINCINNATI,OH45249 		none PC PROGRAM SUPPORT 7,500
STRIVE HOUSE INC


2223 KENTON ST
CINCINNATI,OH45206 		none PC PROGRAM SUPPORT 10,000
COVINGTON PARTNERS


257 W PIKE STREET
COVINGTON,KY41011 		none PC PROGRAM SUPPORT 5,000
NATIONAL UNDERGROUND RR FREEDOM CEN


50 E FREEDOM WAY
CINCINNATI,OH45202 		  PC PROGRAM SUPPORT 10,000
INTERALLIANCE OF GREATER CINCINNATI


10290 ALLIANCE RD
BLUE ASH,OH45242 		none PC PROGRAM SUPPORT 7,500
SUPER SEEDS


10142 SPRINGFIELD PIKE
CINCINNATI,OH45215 		none PC PROGRAM SUPPORT 10,000
THE LITERACY LAB


1400 16TH ST NW SUITE 410
WASHINGTON,DC20036 		none PC PROGRAM SUPPORT 10,000
CINCINNATI CARES


1776 MENTOR AVE STE 200
CINCINNATI,OH45212 		  PC PROGRAM SUPPORT 6,000
ROCKDALE TEMPLE


8501 RIDGE ROAD
CINCINNATI,OH45236 		none PC PROGRAM SUPPORT 2,500
CHIP TERRY FUND FOR FIRST RESPONDER


3480 LICK HILL RD
CALIFORNIA,KY41007 		none PC PROGRAM SUPPORT 5,000
FEED THE HUNGRY PROJECT


PO BOX 1657
MIDDLETOWN,OH45042 		none PC PROGRAM SUPPORT 10,000
FOUND HOUSE INTERFAITH HOUSING NETW


990 NASSAU STREET
CINCINNATI,OH45206 		none PC PROGRAM SUPPORT 7,500
KEN ANDERSON ALLIANCE


6940 PLAINFIELD ROAD
CINCINNATI,OH45236 		none PC PROGRAM SUPPORT 7,500
ONECITY FOR RECOVERY INC


990 READING RD
MASON,OH45040 		none PC PROGRAM SUPPORT 10,000
WOMEN HELPING WOMEN OF HAMILTON COU


215 E 9TH STREET 7TH FLOOR
CINCINNATI,OH45202 		none PC PROGRAM SUPPORT 10,000
Total .................................right arrow 3a 829,025
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 48,428  
4 Dividends and interest from securities ....     14 693,551  
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 ............ 		        -112,066
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) ..   741,979 -112,066
13Total. Add line 12, columns (b), (d), and (e)..................
13
629,913
(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.)
8 PROVIDE FUNDS TO ACCOMPLISH THE FOUNDATION'S STATED GOALS
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: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
JAMES A BAILER, CPA 18,680 1,868 0 16,812

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

TY 2023 DepreciationSchedule
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
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
OFFICE DESKS 2019-06-04 990 680 200DB 8.93 % 88      
OFFICE FURNITURE 2019-06-20 235 162 200DB 8.93 % 21      
OFFICE FURNITURE 2019-08-02 538 370 200DB 8.93 % 48      

TY 2023 InvestmentsCorpStockSchedule
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCKS HELD AT BAIRD 16,095,020 16,095,020
STOCKS HELD AT RAYMOND JAMES 798,000 798,000

TY 2023 InvestmentsOtherSchedule2
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
DNP SELECT INCOME AT COST 455,189 455,189
JOHN HANCOCK PREM DIV AT COST 471,071 471,071
BLACKROCK CREDIT AT COST 19,009 19,009
INVESCO AT COST    
ISHARES CORE S&P SMALL CAP ETF AT COST 422,716 422,716
ISHARES CORE S&P MID CAP ETF AT COST 420,714 420,714
INVESCO QQQ ETF AT COST 138,418 138,418
MFS INTL AT COST 289,813 289,813
BAIRD AT COST 187,992 187,992
CALAMOS GLOBAL OPPORTUNITIES FUND AT COST 667,795 667,795
LORD ABBETT CONVERIBLE FUND AT COST 293,192 293,192
PERMANENT PORTFOLIO FUND AT COST 376,894 376,894
BLACK ROCK (RAYMOND JAMES ACCT) AT COST 287,137 287,137
GATEWAY FUND AT COST 416,933 416,933
JPMORGAN AT COST 336,363 336,363
CATALYST/MILLBURN AT COST 287,058 287,058
ISHARES TR CORE S&P SCP AT COST 391,973 391,973
VANGUARD SMALL-CAP VALUE AT COST 681,546 684,546
GOLDMAN SACHS GRP INC AT COST 50,813 50,813
FEDL HOME LOAN MTG CORP MEDIUM TERM NOTE AT COST 27,465 27,465
HONEYWELL INTL INC UNSECD SR NOTE AT COST 33,951 33,951
FEDL HOME LOAN BANK BOND AT COST 23,346 23,346
WELLS FARGO & CO MEDIUM TERM SR NOTE AT COST 22,354 22,354
VANGUARD FEDERAL MONEY MARKET AT COST 355,947 355,947

TY 2023 LandEtcSchedule2
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 1,763 1,369 394 394


TY 2023 LegalFeesSchedule
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MARGO GRUBBS 12,000 0 0 12,000


TY 2023 OtherAssetsSchedule
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Rounding   4  


TY 2023 OtherExpensesSchedule
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS 4,135     4,135
INSURANCE 4,238     4,238
INVESTMENT FEES 55,616 55,616    
SUPPLIES 207 20   187
WEBSITE & SOFTWARE 9,384     9,384


TY 2023 OtherIncreasesSchedule
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
INCREASES IN MARKET VALUE DURING CURRENT YEAR 293,961


TY 2023 OtherProfessionalFeesSchedule
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative 1,375 137 0 1,238
Advisory Board Fees 30,000 3,000 0 27,000


TY 2023 TaxesSchedule
Name:
ELSA M HEISEL SULE CHARITABLE TRUST 2005
EIN:
20-7277661
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 7,520 7,520