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
CHARLES FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)5845 N SHORE ACRES
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW FRANKEN, WI54229
A Employer identification number

26-3925889
B Telephone number (see instructions)

(920) 432-5777
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$12,014,829J 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) 1,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 258,323 258,323  
4 Dividends and interest from securities... 412 412  
5a Gross rents............ 129,436 129,436  
b Net rental income or (loss) 108,008
6a Net gain or (loss) from sale of assets not on line 10 -341,634
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
28,375 38  
12 Total. Add lines 1 through 11........ 1,074,912 388,209  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,278 7,639   7,639
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
20,340 20,340  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
306,388 196,596   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 342,006 224,575   7,639
25 Contributions, gifts, grants paid....... 762,733 762,733
26 Total expenses and disbursements. Add lines 24 and 25 1,104,739 224,575   770,372
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -29,827
b Net investment income (if negative, enter -0-) 163,634
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,008,973 544,903 544,903
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 arrow500,000
Less: allowance for doubtful accounts right arrow0 828,086 500,000 500,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 6,425,207 Click to see attachment
List of Attached Documents:
// Content
7,525,078 		8,123,299
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow900,130
Less: accumulated depreciation (attach schedule) right arrow68,648 851,822 Click to see attachment
List of Attached Documents:
// Content
831,482 		900,130
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,199,242 Click to see attachment
List of Attached Documents:
// Content
882,040 		1,946,497
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,313,330 10,283,503 12,014,829
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,000 		Click to see attachment
List of Attached Documents:
// Content
5,000
23 Total liabilities (add lines 17 through 22)......... 5,000 5,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 10,308,330 10,278,503
29 Total net assets or fund balances (see instructions)..... 10,308,330 10,278,503
30 Total liabilities and net assets/fund balances (see instructions). 10,313,330 10,283,503
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
10,308,330
2
Enter amount from Part I, line 27a .....................
2
-29,827
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,278,503
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,278,503
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 EWM ALTERNATIVE INVESTMENTS SPV-SERIES 5-FINTECH P   2023-12-31
b EWM - SPV LLC SERIES 7 UNICORN TECH II P   2023-12-31
c EWM - SPV LLC SERIES 7 UNICORN TECH II P   2023-12-31
d NONBUSINESS BAD DEBT- CELLSTIM PAIN THERAPY LLC P 2020-02-11 2023-12-31
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     5,815 -5,815
b     7,659 -7,659
c     73 -73
d     328,087 -328,087
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -5,815
b       -7,659
c       -73
d       -328,087
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -341,634
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 2,275
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,275
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,275
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 18,208
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 18,208
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 15,933
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow15,933 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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.
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 arrowWI
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 arrowDAVID R CHARLES Telephone no.right arrow (920) 432-5777

Located atright arrow5845 N SHORE ACRES ROADNEW FRANKENWI ZIP+4right arrow54229
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
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
 
No
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
DAVID R CHARLES PRESIDENT/VP/TREAS
1.00 		0 0 0
5845 N SHORE ACRES ROAD
NEW FRANKEN,WI54229
KRISTIE J BARBARO SECRETARY
1.00 		0 0 0
3800 DOWNERS DR
DOWNERS GROVE,IL60515
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
7,256,079
b
Average of monthly cash balances.......................
1b
381,250
c
Fair market value of all other assets (see instructions)................
1c
3,346,627
d
Total (add lines 1a, b, and c).........................
1d
10,983,956
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
10,983,956
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
164,759
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
10,819,197
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
540,960
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
540,960
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,275
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,275
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
538,685
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
538,685
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
538,685
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
770,372
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
770,372
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 7 538,685
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020...... 372,173
d From 2021...... 316,653
e From 2022...... 39,817
f Total of lines 3a through e ........ 728,643
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 770,372
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 538,685
e Remaining amount distributed out of corpus 231,687
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 960,330
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		960,330
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 372,173
c Excess from 2021.... 316,653
d Excess from 2022.... 39,817
e Excess from 2023.... 231,687
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).)
DAVID R CHARLES
KRISTIE J BARBARO
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:
DAVID R CHARLES
5845 N SHORE ACRES RD
NEW FRANKEN,WI54229
(920) 432-5777
bThe form in which applications should be submitted and information and materials they should include:
SUBMIT GENERAL INFORMATION ABOUT THE REQUEST. THE FOUNDATION DOES NOT HAVE A STANDARD FORM THAT SHOULD BE USED.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION ONLY AWARDS GRANTS WITH PROOF OF IRC SEC. 501(C)(3) PUBLIC CHARITY STATUS.
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

AUTISM SOCIETY OF SOUTHEASTERN WI

3720 N 124TH STREET SUITE O
WAUWATOSA,WI53222 		  PC FUNDING FOR THE 2023 ANNUAL CAMPAIGN. 10,000

BADGER BOYS STATE INC

PO BOX 388
PORTAGE,WI53901 		  PC SPONSORSHIP FOR BROWN AND KEWAUNEE HIGH SCHOOLS TO ATTEND BADGER BOYS STATE IN 2024. 2,500

BIG BROTHERS BIG SISTERS

520 N BROADWAY SUITE 220
GREEN BAY,WI54303 		  PC TO SUPPORT YOUTH MENTORING PROGRAM. 10,000

BOY SCOUTS OF AMERICA

PO BOX 267
APPLETON,WI54912 		  PC ANNUAL FRIENDS OF SCOUTING CAMPAIGN 7,500

BOYS & GIRLS CLUB OF GREATER GREEN BAY

1451 UNIVERSITY AVE
GREEN BAY,WI54302 		  PC ACADEMIC COACHING & MENTORSHIP PROGRAMS 10,000

CASA OF BROWN COUNTY

414 E WALNUT STREET SUITE 170
GREEN BAY,WI54301 		  PC TO SUPPORT AND PROMOTE COURT-APPOINTED ADVOCATES 2,000

CEREBRAL PALSY INC

2801 SOUTH WEBSTER AVENUE
GREEN BAY,WI54301 		  PC TO SUPPORT PROGRAMS FOR INDIVIDUALS WITH DISABILITIES. 5,000

CHILDREN'S HOSPITAL OF WI FOUNDATION

PO BOX 1997
MILWAUKEE,WI54201 		  PC NE CARE CLOSER TO HOME SITE 15,000

CURATIVE CONNECTIONS

2900 CURRY LANE
GREEN BAY,WI54308 		  PC CURATIVE CONNECTIONS' YESTERYEAR VILLAGE CAMPAIGN. 5,000

DOWNER'S GROVE JUNIOR WOMEN'S CLUB

PO BOX 344
DOWNERS GROVE,IL605150344 		  PC FOR THE CHARITY FUND 2,000

FRIENDS OF BAY BEACH

1740 COFRIN DRIVE SUITE 2
GREEN BAY,WI54302 		  PC FUNDING FOR BEACH IMPROVEMENTS 240,000

GRACE - GREEN BAY AREA CATHOLIC EDUCATION

1825 RIVERSIDE DRIVE
GREEN BAY,WI54301 		  PC SPECIAL STAFF GRANTS FOR THE GRACE MASTER'S DEGREE PATH PROGRAM 60,000

GREEN BAY PREBLE OPTIMIST FOUNDATION

PO BOX 23819
GREEN BAY,WI543050325 		  PC TO SUPPORT YOUTH PROGRAMS AND EVENTS. 50,000

GREEN BAY SAIL & PADDLE

101 BAY BEACH ROAD
GREEN BAY,WI54302 		  PC TO FUND CHARITABLE OBJECTIVES OF THE ORGANIZATION 1,000

HOLY CROSS CATHOLIC SCHOOL

3002 BAY SETTLEMENT ROAD
GREEN BAY,WI54311 		  PC OUTDOOR PLAY STRUCTURE FOR THE SCHOOL 3,233

HOWE COMMUNITY RESOURCE CENTER

526 S MONROE AVE
GREEN BAY,WI54301 		  PC ANNUAL APPEAL 1,000

HUNTSMAN CANCER FOUNDATION

500 HUNTSMAN WAY
SALT LAKE CITY,UT84108 		  PC FOR CANCER RESEARCH. 1,000

IZAAK WALTON LEAGUE - BROWN COUNTY CHAPTER

3320 MONROE ROAD
GREEN BAY,WI54115 		  PC SPONSORSHIP OF COPS AND BOBBERS CHARITY EVENT 3,000

JACKSON HOLE THERAPEUTIC RIDING ASSOCIATION

PO BOX 415
TETON VILLAGE,WY83025 		  PC TO SUPPORT THERAPEUTIC RIDING PROGRAM. 2,000

JUNIOR ACHIEVEMENT OF WISCONSIN

320 MAIN AVE SUITE 101
DE PERE,WI54115 		  PC TO SUPPORT JUNIOR ACHIEVEMENT PROGRAMS. 5,000

KEWAUNEE YOUTH BASKETBALL

N4184 SPRUCE LANE
KEWAUNEE,WI54216 		  PC TO PROMOTE THE SPORT OF YOUTH BASKETBALL IN KEWAUNEE 1,000

MAYO CLINIC

200 FIRST ST SW
ROCHESTER,MN55905 		  PC UNRESTRICTED DONATION FOR GREATEST NEEDS AT MAYO CLINIC 100,000

MOVEMBER FOUNDATION

PO BOX 2040
SANTA MONICA,CA90406 		  PC DISTINGUISHED GENTLEMAN'S RIDE 1,000

MUSCULAR DYSTROPHY ASSOCIATION

2625 DEVELOPMENT DRIVE 10
GREEN BAY,WI54311 		  PC HOLIDAY LIGHTS CAMPAIGN 1,000

MUSCULAR DYSTROPHY ASSOCIATION

2625 DEVELOPMENT DRIVE 10
GREEN BAY,WI54311 		  PC ANNUAL CHARITY GOLF OUTING 500

PENINSULA PLAYERS

4351 PENINSULA PLAYERS ROAD
FISH CREEK,WI54212 		  PC ANNUAL FUND DRIVE 5,000

RAWHIDE BOYS RANCH

E7475 RAWHIDE RD
NEW LONDON,WI54961 		  PC TO FUND CHARITABLE OBJECTIVES OF CHARITY 30,000

SALVATION ARMY

626 UNION COURT
GREEN BAY,WI54303 		  PC UNRESTRICTED GIFT TO PROVIDE SUPPORT FOR THOSE IN NEED 5,000

SPECIAL OLYMPICS

2310 CROSSROADS DRIVE STE 1000
MADISON,WI53718 		  PC STATE FOUNDATION GRANT 2,000

ST JOHN'S MINISTRIES

411 ST JOHN STREET
GREEN BAY,WI54301 		  PC UNRESTRICTED FUND DONATION TO SUPPORT HOMELESS SHELTER OPERATIONS. 2,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		  PC TO FUND CHARITABLE OBJECTIVES OF CHARITY 2,500

ST LOUIS PARISH

N8726 COUNTY LINE ROAD
LUXEMBURG,WI54217 		  PC SUPPORT OF THE PARISH OPERATIONS 5,000

STELLA MARIS FOUNDATION INC

111 N WASHINGTON ST
GREEN BAY,WI54301 		  PF TO SUPPORT GRANTS TO INDIVIDUALS IN NEED. 30,000

YMCA

235 N JEFFERSON STREET
GREEN BAY,WI54301 		  PC 2022 YMCA ANNUAL CAMPAIGN 2,500

YWCA

230 S MADISON STREET
GREEN BAY,WI54301 		  PC TO FUND CHARITABLE OBJECTIVES OF THE ORGANIZATION 10,000

GREATER GREEN BAY COMMUNITY FOUNDATION

400 WASHINGTON ST
GREEN BAY,WI54301 		  PC SPONSOR FLIGHT OF CHAMPIONS FLIGHT 5,000

TEXAS CASA

1501 WEST ANDERSON LANE SUITE B-2
AUSTIN,TX78757 		  PC TO SUPPORT THE OPERATIONS OF THE LOCAL CASA PROGAMS. 500

BROWN COUNTY ORAL HEALTH PARTNERSHIP

1245 MAIN STREET
GREEN BAY,WI54302 		  PC PROVIDE DENTAL CARE FOR CHILDREN AND TEENS 2,000

BROWN COUNTY FOSTER CARE

111 N JEFFERSON ST
GREEN BAY,WI54301 		  GOV IN SUPPORT OF FOSTER CARE PROGRAMS 5,000

BRAIN CENTER OF GREEN BAY

2801 S WEBSTER AVE
GREEN BAY,WI54301 		  PC IN SUPPORT OF THE DAILY OPERATIONS OF THE CENTER. 5,000

OCCUPAWS GUIDE DOG ASSOCIATION

PO BOX 45857
MADISON,WI45857 		  PC TRAINING OF GUIDE DOGS FOR VISUALLY IMPAIRED PEOPLE 1,000

NATIONAL SKI PATROL INTERMOUNTAIN DIVISION

133 S VAN GORDON ST SUITE 100
LAKEWOOD,CO80228 		  PC GENERAL OPERATING SUPPORT FOR SNOW KING VOLUNTEER SKI PATROL 5,000

BOYS & GIRLS CLUBS OF THE FOX VALLEY

160 S BADGER AVE
APPLETON,WI54914 		  PC UNRESTRICTED GRANT TO SUPPORT OPERATIONS 100,000

EXCEPTIONAL EQUESTRIANS

1130 ORLANDO DRIVE
DE PERE,WI54115 		  PC HORSE THERAPY FOR SPECIAL NEEDS PEOPLE 1,000

ON THE MARK DYSLEXIA CLINIC

716 S MADISON ST
GREEN BAY,WI54301 		  PC PROVIDE INDIVIDUALIZED TUTORING TO STUDENTS WITH DYSLEXIA 5,000

JUVENILE DIABETES RESEARCH FOUNDATION

24359 NORTHWESTERN HIGHWAY 125
SOUTHFIELD,MI48075 		  PC 25TH ANNIVERSARY ONE WALK JACKSON - TEAM NOLAN 500
Total .................................right arrow 3a 762,733
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 258,323  
4 Dividends and interest from securities ....     14 412  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 108,008  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     18 3  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -341,634  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aREFUND FEDERAL TAX FORM 990-T 		    01 22,252  
bREFUND WI TAX FORM 4T     01 6,085  
cREFUND BANK FEES     01 35  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 53,484 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
53,484
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

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

26-3925889
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
CHARLES FAMILY FOUNDATION INC
  		Employer identification number
26-3925889
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
DAVID CHARLES
5845 N SHORE ACRES
 
NEW FRANKEN, WI54229

$ 1,000,000


(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
CHARLES FAMILY FOUNDATION INC
  		Employer identification number

26-3925889
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
CHARLES FAMILY FOUNDATION INC
  		Employer identification number

26-3925889
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
CHARLES FAMILY FOUNDATION INC
EIN:
26-3925889
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 15,278 7,639   7,639

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

TY 2023 DepreciationSchedule
Name:
CHARLES FAMILY FOUNDATION INC
EIN:
26-3925889
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
BUILDING 2020-08-06 793,273 48,308 SL 39.000000000000 20,340 20,340    
LAND 2020-08-06 106,857   L   0 0    

TY 2023 InvestmentsGovtObligationsSch
Name:
CHARLES FAMILY FOUNDATION INC
EIN:
26-3925889
US Government Securities - End of Year Book Value:

7,525,078
US Government Securities - End of Year Fair Market Value:

8,123,299
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsLandSchedule2
Name:
CHARLES FAMILY FOUNDATION INC
EIN:
26-3925889
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 793,273 68,648 724,625  
LAND 106,857 0 106,857  

TY 2023 InvestmentsOtherSchedule2
Name:
CHARLES FAMILY FOUNDATION INC
EIN:
26-3925889
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
VACANT LAND FMV 213,481 467,300
VALIANT WORLDWIDE STAGES LLC AT COST 76,770 500,000
SUCKER PUNCH GOURMET LLC AT COST 88,203 250,000
EWM - SPV LLC SERIES 7 UNICORN TECH II AT COST 227,742 191,259
VALIANT THE JAMES, LLC AT COST 60,353 250,000
EWM ALT INVEST SPV - SERIES 5 - FINTECH AT COST 215,491 287,938

TY 2023 OtherExpensesSchedule
Name:
CHARLES FAMILY FOUNDATION INC
EIN:
26-3925889
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT LOSSES - SUCKERPUNCH GOURMET LLC 43,254 48,237   0
INVESTMENT LOSSES - EWM - SPV LLC SERIES 7 UNICORN TECH II 10 10   0
INVESTMENT LOSSES - VALIANT WORLDWIDE STAGES LLC 77,533 77,533   0
INVESTMENT LOSSES - EWM ALT INVEST SPV - SERIES 5 - FINTECH 29 29   0
INVESTMENT LOSSES - VALIANT THE JAMES LLC 170,649 170,649   0
OTHER DEDUCTIONS EWM SPV LLC SERIES 7 UNICORN TECH II 4,578 4,578   0
AMOUNTS REPORTED ON 990T 0 -114,590   0
OTHER DEDUCTIONS - VALIANT WORLDWIDE STATES LLC 91 0   0
OTHER DEDUCTIONS - SUCKERPUNCH GOURMET LLC 2,970 2,877   0
OTHER DEDUCTIONS - EWM ALT INVEST SPV - SERIES 5 - FINTECH 6,165 6,164   0
MISC SUPPLY EXPENSE 21 21   0
INSURANCE 560 560   0
REPAIRS & MAINTENANCE 528 528   0


TY 2023 OtherIncomeSchedule2
Name:
CHARLES FAMILY FOUNDATION INC
EIN:
26-3925889
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISC SETTLEMENT PROCEEDS 3 3 3
REFUND FEDERAL TAX FORM 990-T 22,252   22,252
REFUND WI TAX FORM 4T 6,085   6,085
REFUND BANK FEES 35 35 35


TY 2023 OtherLiabilitiesSchedule
Name:
CHARLES FAMILY FOUNDATION INC
EIN:
26-3925889
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSIT 5,000 5,000