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 07-01-2023 , and ending 06-30-2024
Name of foundation
ACHELIS FOUNDATION DBA STEVEN B ACHELIS
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)6154 OAK CANYON DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALT LAKE CITY, UT84121
A Employer identification number

87-0481479
B Telephone number (see instructions)

(801) 560-5733
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$3,247,926J 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      
4 Dividends and interest from securities... 49,667 49,667  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 177,029
b Gross sales price for all assets on line 6a 308,322
7 Capital gain net income (from Part IV, line 2)... 177,029
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 226,696 226,696  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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
1,800 1,800    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,672 4,672    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
18,218 17,840   378
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 24,690 24,312   378
25 Contributions, gifts, grants paid....... 138,010 138,010
26 Total expenses and disbursements. Add lines 24 and 25 162,700 24,312   138,388
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 63,996
b Net investment income (if negative, enter -0-) 202,384
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......... 29,086 23,095 23,095
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 707,352 Click to see attachment
List of Attached Documents:
// Content
670,973 		2,824,606
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).......... 302,424 Click to see attachment
List of Attached Documents:
// Content
397,190 		388,625
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)   Click to see attachment
List of Attached Documents:
// Content
11,600 		Click to see attachment
List of Attached Documents:
// Content
11,600
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,038,862 1,102,858 3,247,926
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)    
23 Total liabilities (add lines 17 through 22).........   0
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........... 1,038,862 1,102,858
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)..... 1,038,862 1,102,858
30 Total liabilities and net assets/fund balances (see instructions). 1,038,862 1,102,858
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
1,038,862
2
Enter amount from Part I, line 27a .....................
2
63,996
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,102,858
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
1,102,858
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 950 APPLE COMPUTER INC P 2020-07-01 2024-06-30
b .37 KENVUE P 2009-07-22 2023-08-24
c 414 LINCOLN NATIONAL P 2013-06-26 2023-12-26
d 234 PAYPAL P 2018-06-01 2023-11-21
e 1307 PHYSICIANS REITC P 2018-05-22 2023-09-18
100 SANDOZ P 2011-04-12 2023-12-31
58 VERALTO P 2015-12-02 2023-12-31
93 WALMART INC COM P 2009-08-21 2024-01-25
830 SCHWAB ST TREASURY SCHO P 2023-02-09 2024-06-26
191 VANGUARD DIV APPREC. ETF P 2018-05-17 2023-10-31
(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 176,555   13,005 163,550
b 9   3 6
c 10,022   14,940 -4,918
d 13,011   19,399 -6,388
e 16,912   16,740 172
3,113   1,299 1,814
4,511   1,503 3,008
15,073   4,801 10,272
39,909   40,089 -180
29,207   19,514 9,693
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       163,550
b       6
c       -4,918
d       -6,388
e       172
      1,814
      3,008
      10,272
      -180
      9,693
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 2 177,029
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 2,813
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 2,813
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 2,813
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,400
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 2,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 413
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 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
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 arrow
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 arrowwww.stevesfoundation.org
14
The books are in care ofright arrowSTEVE ACHELIS Telephone no.right arrow (801) 560-5733

Located atright arrow6154 OAK CANYON DRIVESALT LAKE CITYUT ZIP+4right arrow841216344
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
STEVEN B ACHELIS Trustee
2.00 		0    
PO BOX 71342
SALT LAKE CITY,UT841710342
ELIZABETH L FRANK Director
1.00 		0    
6154 S OAK CANYON DR
HOLLADAY,UT84121
ERIC S ACHELIS Director
1.00 		0    
605 CEDAR STREET
APTOS,CA95003
JENNIFER A HUFFINE Director
1.00 		0    
11808 QUINTANA CV
AUSTIN,TX78739
KIMBERLY A ACHELIS Director
1.00 		0    
1894 E TERRACE DR
SANDY,UT84093
MICHAEL D ACHELIS Director
1.00 		0    
12 GROVER CT
WALNUT CREEK,CA94596
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 BUILDING YOUTH AROUND THE WORLD198 EAST 4500 SOUTHMURRAY, UT 84107BUILDYOUTH.ORG 7,000
2 BSO ORCHKIDS1212 CATHEDRAL STBALITMORE, MD 21201orchkids.org 8,000
3 BSO ORCHKIDS1212 CATHEDRAL STBALITMORE, MD 21201https://orchkids.org/ 10,000
4 PAUL SHERWEN PROJECT2 PARK LN STE 301HILTON HEAD, SC 29928paulsherwenproject.com 10,000
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
2,861,654
b
Average of monthly cash balances.......................
1b
110,079
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,971,733
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
2,971,733
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
44,576
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,927,157
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
146,358
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
146,358
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,813
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,813
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
143,545
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
143,545
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
143,545
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
138,388
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
138,388
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 7 143,545
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 121,868
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$ 138,388
a Applied to 2022, but not more than line 2a 121,868
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..... 16,520
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 .......... 		127,025
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:
STEVE ACHELIS
PO BOX 71342
SALT LAKE CITY,UT84171
bThe form in which applications should be submitted and information and materials they should include:
 
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 HAS GENERAL GUIDELINES WHICH IT MODIFIES PERIODICALLY. DONEE ORGANIZATIONS MUST HAVE A 501(C)(3) TAX EXEMPTION DETERMINATION LETTER. ORGANIZATIONS THAT IMPROVE THE OPPORTUNITIES FOR AMERICA'S DISADVANTAGED YOUTH UNDER THE PREMISE THAT FEW ARE ENTITLED TO A HANDOUT, YET ALL ARE ENTITLED TO A HAND UP. ORGANIZATIONS THAT SEEK TO IMPROVE PEOPLE'S LIVES BASED ON THE PREMISE THAT IF YOU GIVE SOMEONE A FISH, THEY'LL BE FED TODAY BUT IF YOU TEACH SOMEONE TO FISH, THEY'LL BE FED FOR LIFE. ORGANIZATIONS THAT FOCUS ON CHILDREN, IN THE BELIEF THAT THE EARLIER ASSISTANCE IS PROVIDED THE MORE LEVERAGE THAT ASSISTANCE WILL HAVE. COST EFFECTIVE PROGRAMS WHERE A SMALL CONTRIBUTION CAN MAKE A SIGNIFICANT DIFFERENCE. ORGANIZATIONS WHERE A LARGE PERCENTAGE OF FUNDING GOES DIRECTLY TO ACHIEVE THESE GOALS. REFER TO FOUNDATION'S WEBSITE AT HTTP://STEVESFOUNDATION.ORG TO FIND OUT THE GUIDELINES FOR THE AWARDING OF GRANTS.
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
ROWLAND HALL ST MARKS


970 E 800 S
SALT LAKE CITY,UT84102 		NO RELATIONSHIP NONE TO ASSIST SCHOOL'S CAPITAL CAMPAIGN 6,500
NATURE CONSERVANCY OF UTAH


559 EAST SOUTH TEMPLE
SALT LAKE CITY,UT84102 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 4,000
BOYS GIRLS CLUB UT


1275 PEACHTREE STREET NE
ATLANTA,GA30309 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 2,000
SAVE OUR CANYONS


824 SOUTH 400 WEST SUITE B115
SALT LAKE CITY,UT84101 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 5,310
STUDENTS RISING ABOVE


PO BOX 29174
SAN FRANCISCO,CA94129 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 3,000
THE ROAD HOME


210 SOUTH RIO GRANDE STREET
SALT LAKE CITY,UT84101 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 3,500
CROSSROADS URBAN CENTER


347 SOUTH 400 EAST
SALT LAKE CITY,UT84111 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 4,000
ART OF YOGA PROJECT


555 BRYANT STREET 232
PALO ALTO,CA94301 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 2,000
KUED TV


101 S WASATCH DRIVE
SALT LAKE CITY,UT84112 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 160
BIKE UTAH


PO BOX 4523
SALT LAKE CITY,UT84110 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 200
UTAH AVALANCHE CENTER


2242 WEST NORTH TEMPLE
SALT LAKE CITY,UT84116 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 300
FIT TO RECOVER


789 WEST 1390 SOUTH
SALT LAKE CITY,UT84104 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 2,000
RIGHT TO PLAY


49 WEST 27TH STREET SUITE 930
NEW YORK,NY10001 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 5,000
MIKVA CHALLENGE


332 S MICHAIGAN AVENUE STE 400
CHICAGO,IL60604 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 3,000
SOCCER WITHOUT BORDERS


281 SUMMER ST 2ND FLOOR
BOSTON,MA02210 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 5,000
GIRL RISING


28 VERADAH PLACE
BROOKLYN,NY11201 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 5,000
UT BLUES SOCIETY


11232 GUNN TRAIL CIR
SOUTH JORDAN,UT84095 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 100
ANN RICHARDS SCHOOL FOUNDATION


2206 PRATHER LANE
AUSTIN,TX78704 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 5,000
AUSTIN KIDS CAN


2303 RANCH RD 620 S 160-147
LAKEWAY,TX78734 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 5,000
BSO ORCHKIDS


1212 CATHEDRAL STREET
BALTIMORE,MD21201 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 10,000
BUILDING YOUTH AROUND THE WORLD


2780 9000 S
WEST JORDAN,UT84088 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 7,000
THE SALT LAKE TRIBUNE


90 S 400 WEST SUITE 700
SALT LAKE CITY,UT84101 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 500
Catalino Tapia Scholarship Foundati


727 INDUSTRIAL ROAD STE117
SAN CARLOS,CA94070 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 8,000
Dignity House


10 BLUFF LANE
PEMBROKE,HM09
BD 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 4,000
KRCL 909 FM


509 W 300 N
Salt Lake City,UT84116 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 150
Paul Sherwen Project


2 PARK LN STE 301
Hilton Head,SC29928 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 10,000
Seager Memorial Clinic


539 24th St
Ogden,UT84401 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 3,000
SOAP2HOPE


1540 MAIN STREET
SALT LAKE CITY,UT84115 		NO RELATIONSHIP NONE TO BENEFIT CHARITY 3,000
STEMBLAZERS


9249 S BROADWAY 200-266
HIGHLANDS RANCH,CO80129 		NO RELATIONSHIP NONE TO BENEFIT CHARITY. 5,000
AIRLINK INC


915 FRONT ST
SAN FRANCISCO,CA94111 		NO RELATIONSHIP NONE TO AID IN CHARITABLE PURPOSE 1,000
BASKETBALL TO UPLIFT THE YOUTH


637 DAHLIA ST NW
WASHINGTON,DC20012 		NO RELATIONSHIP NONE TO AID IN CHARITABLE PURPOSE 3,090
BLESSING HANDS


1008 E BUSTAMANTE ST
LAREDO,TX78041 		NO RELATIONSHIP NONE TO AID IN CHARITABLE PURPOSE 5,000
HEALTH IN HARMONY


PO BOX 96176
PORTLAND,OR97296 		NO RELATIONSHIP NONE TO AID IN CHARITABLE PURPOSE 1,000
HIGH SCHOOL TO COLLEGE GUIDE FOUNDA


8787 S REDWOOD RD
WEST JORDAN,UT84088 		NO RELATIONSHIP NONE TO AID IN CHARITABLE PURPOSE 5,000
JACKSON HOLE COMMUNITY HOUSING


PO BOX 4498
JACKSON,WY83001 		NO RELATIONSHIP NONE TO AID IN CHARITABLE PURPOSE 1,000
KUER 901 FM


101 S WASATCH DR
SALT LAKE CITY,UT84112 		NO RELATIONSHIP NONE TO AID IN CHARITABLE PURPOSE 200
TANDIKA REVITALIZATION FUND


4090 S 1500 E
MILLCREKK,UT84124 		NO RELATIONSHIP NONE TO AID IN CHARITABLE PURPOSE 5,000
UNITED WAY OF JACKSON COUNTY


536 N JACKSON ST
JACKSON,MI49201 		NO RELATIONSHIP NONE TO AID IN CHARITABLE PURPOSE 5,000
Total .................................right arrow 3a 138,010
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 ........... 		         
4 Dividends and interest from securities ....         49,667
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 ............ 		        177,029
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) ..     226,696
13Total. Add line 12, columns (b), (d), and (e)..................
13
226,696
(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.)
4 THE FOUNDATION PAYS OUT THE INVESTMENT INCOME IT EARNS TO CHARITABLE AND EDUCATIONAL ORGANIZATIONS. DONATIONS ARE MADE DIRECTLY TO THE ORGANIZATIONS PROVIDING THE CHARITABLE OR EDUCATIONAL SERVICE OR PROGRAMS.
8 THE FOUNDATION PAYS OUT THE INVESTMENT INCOME IT EARNS TO CHARITABLE AND EDUCATIONAL ORGANIZATIONS. DONATIONS ARE MADE DIRECTLY TO THE ORGANIZATIONS PROVIDING THE CHARITABLE OR EDUCATIONAL SERVICE OR PROGRAMS.
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:
ACHELIS FOUNDATION DBA STEVEN B ACHELIS
 
FOUNDATION
EIN:
87-0481479
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 1,800 1,800 0 0

TY 2023 InvestmentsCorpStockSchedule
Name:
ACHELIS FOUNDATION DBA STEVEN B ACHELIS
 
FOUNDATION
EIN:
87-0481479
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
MERCK & CO 14,632 61,900
SPDR GOLD TRUST 19,398 95,249
ISHARES SILVER TRUST 23,304 58,720
THE CHARLES SCHWAB CORP 18,404 80,691
JOHNSON & JOHNSON 19,441 50,279
THERMO FISHER SCIENTIFIC 9,149 135,485
WAL-MART STORES INC 20,600 81,049
SANOFI AVENTIS ADR 26,854 42,455
GOOGLE INC 21,294 313,933
NOVARTIS AG ADR 23,095 53,443
ORACLE CORPORATION 29,526 151,225
ZIONS BANCORP 15,536 35,130
APPLE COMPUTER INC 29,546 700,312
ISHARES RUSELL MICROCAP 14,935 32,946
METLIFE INC 26,788 62,960
SPROTT GOLD 44,000 62,239
AMGEN INCORPORATED 16,894 33,120
DANAHER CORP DEL 11,384 43,724
META PLATFORMS (FACEBOOK INC) 35,205 144,207
VANGUARD DI APPREC. ETF 20,433 36,510
ALCON INC 16,430 28,060
AMERICAN WATER WORKS 19,433 28,803
APTIV PLC 19,301 17,323
REALTY INCM CORP 18,234 15,318
MICROSOFT 21,022 59,891
ABBVIE 21,597 42,880
FIRSTENERGY CORP 25,024 24,608
HOME DEPOT INC 28,019 31,326
CORNING INC 29,961 30,186
EQUITABLE HLDGS INC 10,093 12,953
KENVUE 5,875 15,180
MASTERCARD INC 13,124 14,117
NOVO-NORDISK A-S ADR 2,442 228,384

TY 2023 InvestmentsOtherSchedule2
Name:
ACHELIS FOUNDATION DBA STEVEN B ACHELIS
 
FOUNDATION
EIN:
87-0481479
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MET WEST LOW DURATION BOND AT COST 25,642 27,471
FIDELITY FLOATING RATE AT COST 30,000 28,300
VANGUARD ST CORP BOND ETF AT COST 79,250 76,966
PIMCO INVEST GRADE CORP AT COST 34,601 31,278
VANGUARD TOTAL INTL BOND AT COST 37,952 33,582
SCHWAB ST TREASURY AT COST 136,831 136,785
SCHWAB 5 10 YEAR CORP AT COST 52,914 54,243

TY 2023 OtherAssetsSchedule
Name:
ACHELIS FOUNDATION DBA STEVEN B ACHELIS
 
FOUNDATION
EIN:
87-0481479
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
oTHER RECEIVABLE   11,600 11,600


TY 2023 OtherExpensesSchedule
Name:
ACHELIS FOUNDATION DBA STEVEN B ACHELIS
 
FOUNDATION
EIN:
87-0481479
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LICENSES AND PERMITS 10     10
OFFICE SUPPLIES 368     368
SCHWAB ADVISORY FEES 17,840 17,840    


TY 2023 TaxesSchedule
Name:
ACHELIS FOUNDATION DBA STEVEN B ACHELIS
 
FOUNDATION
EIN:
87-0481479
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 1,157 1,157    
INCOME TAX 3,515 3,515