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
GILBERT J MARTIN FOUNDATION
A CHARITABLE TRUST
Number and street (or P.O. box number if mail is not delivered to street address)1165 PACIFIC BEACH DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN DIEGO, CA92109
A Employer identification number

33-0002513
B Telephone number (see instructions)

(858) 442-1983
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$34,262,054J 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 66,510 66,510  
4 Dividends and interest from securities... 238,055 238,055  
5a Gross rents............ 1,809,409 1,526,935  
b Net rental income or (loss) 540,584
6a Net gain or (loss) from sale of assets not on line 10 764,900
b Gross sales price for all assets on line 6a 3,488,682
7 Capital gain net income (from Part IV, line 2)... 764,900
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
32,805 332  
12 Total. Add lines 1 through 11........ 2,911,679 2,596,732  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 360,516 360,516   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
62,364 6,552   0
c Other professional fees (attach schedule)....        
17 Interest............... 33,349 23,093   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
174,411 132,878   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
242,045 199,581  
20 Occupancy.............. 244,464 244,464   0
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
666,821 530,317   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,783,970 1,497,401   0
25 Contributions, gifts, grants paid....... 1,653,500 1,653,500
26 Total expenses and disbursements. Add lines 24 and 25 3,437,470 1,497,401   1,653,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -525,791
b Net investment income (if negative, enter -0-) 1,099,331
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............. 1,243,983 795,465 795,465
2 Savings and temporary cash investments......... 529,615 644,288 644,288
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)....... 9,710,238 Click to see attachment
List of Attached Documents:
// Content
7,303,865 		12,227,857
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).......... 7,471,568 Click to see attachment
List of Attached Documents:
// Content
7,263,846 		20,495,122
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
0 		Click to see attachment
List of Attached Documents:
// Content
99,322 		Click to see attachment
List of Attached Documents:
// Content
99,322
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,955,404 16,106,786 34,262,054
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)...... 2,227,407  
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
141,630 		Click to see attachment
List of Attached Documents:
// Content
89,988
23 Total liabilities (add lines 17 through 22)......... 2,369,037 89,988
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........... 16,586,367 16,016,798
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)..... 16,586,367 16,016,798
30 Total liabilities and net assets/fund balances (see instructions). 18,955,404 16,106,786
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
16,586,367
2
Enter amount from Part I, line 27a .....................
2
-525,791
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
16,060,576
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
43,778
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
16,016,798
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 SALE OF SECURITIES P    
b SALE OF SECURITIES P    
c CAPITAL GAINS DIVIDENDS P    
d
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 2,286,545   1,555,836 730,709
b 1,157,845   1,167,946 -10,101
c 44,292     44,292
d
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       730,709
b       -10,101
c       44,292
d
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 2 764,900
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 15,281
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 15,281
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 15,281
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 38,520
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 38,520
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 23
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 23,216
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow23,216 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 arrowCA
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 arrowROGER ANDERSON Telephone no.right arrow (858) 442-1983

Located atright arrow1165 PACIFIC BEACH DRIVESAN DIEGOCA ZIP+4right arrow92109
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
 
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
ROGER ANDERSON MANAGING TRUSTEE
40.00 		288,516 0 0
PO BOX 90669
SAN DIEGO,CA92169
JUDY ANDERSON TRUSTEE
40.00 		36,000 0 0
PO BOX 90669
SAN DIEGO,CA92169
DAVID DORNE TRUSTEE
40.00 		36,000 0 0
PO BOX 90669
SAN DIEGO,CA92169
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
13,020,556
b
Average of monthly cash balances.......................
1b
1,757,184
c
Fair market value of all other assets (see instructions)................
1c
20,495,122
d
Total (add lines 1a, b, and c).........................
1d
35,272,862
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
35,272,862
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
529,093
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
34,743,769
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,737,188
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,737,188
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
15,281
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
28,034
c
Add lines 2a and 2b............................
2c
43,315
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,693,873
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,693,873
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
1,693,873
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,653,500
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
1,653,500
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,693,873
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...... 135,789
c From 2020......  
d From 2021......  
e From 2022...... 243,969
f Total of lines 3a through e ........ 379,758
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,653,500
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 1,653,500
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 40,373 40,373
(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 5 339,385
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 ...... 		339,385
10 Analysis of line 9:
a Excess from 2019.... 95,416
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 243,969
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

ABC YOUTH FOUNDATION

3131 MARKET ST
SAN DIEGO,CA92102 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

ALPHA PROJECT

3737 FIFTH AVENUE SUITE 203
SAN DIEGO,CA92103 		NONE EXEMPT ORGANIZATION CHARITABLE 40,000

ALZHEIMERS ASSOCIATION

2305 HISTORIC DECATUR RD STE 100
SAN DIEGO,CA92106 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

AMERICAN FRIENDS OF OUR ARMED FORCES

76279 VIA CHIANTI
INDIAN WELLS,CA92210 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

AMERICAN RED CROSS

3950 CALLE FORTUNADA
SAN DIEGO,CA92123 		NONE EXEMPT ORGANIZATION CHARITABLE 50,000

ASPCA

424 E 92ND STREET
NEW YORK,NY10128 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

ASYMCAUSO

3175 SANTO RD
SAN DIEGO,CA92126 		NONE EXEMPT ORGANIZATION CHARITABLE 20,000

AZTEC ATHLETIC FOUNDATION

5500 CAMPANILE DR
SAN DIEGO,CA92182 		NONE EXEMPT ORGANIZATION CHARITABLE 50,000

BIG BROTHERS BIG SISTERS OF SAN DIEGO COUNTY

8515 ARJONS DRIVE
SAN DIEGO,CA92126 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

CANINE COMPANIONS FOR INDEPENDENCE

PO BOX 4568
OCEANSIDE,CA92052 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

CHALLENGED ATHLETES FOUNDATION

9591 WAPLES ST
SAN DIEGO,CA92121 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

COACHELLA VALLEY RESCUE MISSION

4740 VAN BUREN ST
INDIO,CA92201 		NONE EXEMPT ORGANIZATION CHARITABLE 40,000

COMPUTERS 2 KIDS SAN DIEGO

8324 MIRAMAR MALL
SAN DIEGO,CA92121 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

CONNECTMED INTERNATIONAL

7040 AVENIDA ENCINAS SUITE 104
CARLSBAD,CA92011 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

DISABLED AMERICAN VETERANS TRUST

8810 RIO SAN DIEGO DR STE 1160
SAN DIEGO,CA92108 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

DOCTORS WITHOUT BORDERS USA

PO BOX 5030
HAGERSTOWN,MD21741 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

EPILEPSY FOUNDATION

8301 PROFESSIONAL PLACE
LANDOVER,MD20785 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

FATHER JOE'S VILLAGES

3350 E ST
SAN DIEGO,CA92102 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

INJURED MARINE SEMPER FI FUND

PO BOX 555193
CAMP PENDLETON,CA92055 		NONE EXEMPT ORGANIZATION CHARITABLE 20,000

JUST IN TIME

4560 ALVARADO CANYON RD STE 2G
SAN DIEGO,CA92120 		NONE EXEMPT ORGANIZATION CHARITABLE 30,000

LA JOLLA COMMUNITY CENTER

6811 LA JOLLA BLVD
LA JOLLA,CA92037 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

LA JOLLA HIGH SCHOOL FOUNDATION

750 NAUTILUS ST
LA JOLLA,CA92037 		NONE EXEMPT ORGANIZATION CHARITABLE 2,000

LA JOLLA KIWANAS FOUNDATION

4130 LA JOLLA VILLAGE DR
LA JOLLA,CA92037 		NONE EXEMPT ORGANIZATION CHARITABLE 2,000

LA JOLLA ROTARY FOUNDATION

1132 PROSPECT STREET
LA JOLLA,CA92037 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

MAKE A WISH FOUNDATION

2440 HOTEL CIRCLE NORTH STE 200
SAN DIEGO,CA92108 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

MAMA'S KITCHEN

3960 HOME AVE
SAN DIEGO,CA92105 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

MAYO CLINIC

13400 E SHEA BLVD
SCOTTSDALE,AZ85259 		NONE EXEMPT ORGANIZATION CHARITABLE 20,000

MEALS ON WHEELS

2254 SAN DIEGO AVE STE 200
SAN DIEGO,CA92110 		NONE EXEMPT ORGANIZATION CHARITABLE 6,000

MONARCH SCHOOL

1625 NEWTON AVE
SAN DIEGO,CA92113 		NONE EXEMPT ORGANIZATION CHARITABLE 40,000

MT SOLEDAD MEMORIAL ASSOCIATION

6905 LA JOLLA SCENIC DR S
LA JOLLA,CA92037 		NONE EXEMPT ORGANIZATION CHARITABLE 2,500

NOAH HOMES

12526 CAMPO ROAD
SPRING VALLEY,CA91978 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

OHSU FOUNDATION

1121 SW SALMON ST STE 100
PORTLAND,OR97205 		NONE EXEMPT ORGANIZATION CHARITABLE 2,000

PROMISES2KIDS

9440 RUFFIN CT
SAN DIEGO,CA92123 		NONE EXEMPT ORGANIZATION CHARITABLE 20,000

RADY'S CHILDRENS HOSPITAL

3020 CHILDRENS WAY
SAN DIEGO,CA92123 		NONE EXEMPT ORGANIZATION CHARITABLE 40,000

REALITY CHANGERS

3910 UNIVERSITY AVE STE 300-RC
SAN DIEGO,CA92105 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

ROSEBURG YMCA

1151 NW STEWART PKWY
ROSEBURG,OR97471 		NONE EXEMPT ORGANIZATION CHARITABLE 20,000

SALK INSTITUTE

10010 N TORREY PINES RD
LA JOLLA,CA92037 		NONE EXEMPT ORGANIZATION CHARITABLE 250,000

SAN DIEGO FOOD BANK

9850 DISTRIBUTION AVE
SAN DIEGO,CA92121 		NONE EXEMPT ORGANIZATION CHARITABLE 35,000

SAN DIEGO HIGH SCHOOL FOUNDATION

1405 PARK BOULEVARD
SAN DIEGO,CA92101 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

SAN DIEGO HUMANE SOCIETY

5500 GAINES ST
SAN DIEGO,CA92110 		NONE EXEMPT ORGANIZATION CHARITABLE 2,000

SAN DIEGO MASTER CHORALE

1501 SAN ELIJO RD STE 104
SAN MARCOS,CA92078 		NONE EXEMPT ORGANIZATION CHARITABLE 2,000

SAN DIEGO NATURAL HISTORY MUSEUM

1788 EL PRADO
SAN DIEGO,CA92101 		NONE EXEMPT ORGANIZATION CHARITABLE 25,000

SAN DIEGO RESCUE MISSION

120 ELM ST
SAN DIEGO,CA92101 		NONE EXEMPT ORGANIZATION CHARITABLE 40,000

SAN DIEGO ZOO GLOBAL

2920 ZOO DRIVE
SAN DIEGO,CA92101 		NONE EXEMPT ORGANIZATION CHARITABLE 20,000

SANTA BARBARA FOUNDATION

1111 CHAPALA ST STE 200
SANTA BARBARA,CA93101 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

SANTA BARBARA MUSEUM OF NATURAL HISTORY

2559 PUESTA DEL SOL
SANTA BARBARA,CA93105 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

SCRIPPS RESEARCH INSTITUTE

10550 N TORREY PINES RD
LA JOLLA,CA92037 		NONE EXEMPT ORGANIZATION CHARITABLE 100,000

SHELTER FROM THE STORM

73550 ALESSANDRO DR STE 103
PALM DESERT,CA92260 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

SPECIAL DELIVERY SAN DIEGO

4021 GOLDFINCH ST
SAN DIEGO,CA92103 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

ST JUDE CHILDREN'S

262 DANNY THOMAS PLACE
MEMPHIS,TN38105 		NONE EXEMPT ORGANIZATION CHARITABLE 20,000

THE LIVING DESERT

47900 PROTOLA AVE
PALM DESERT,CA92260 		NONE EXEMPT ORGANIZATION CHARITABLE 20,000

THE SALVATION ARMY

4170 BALBOA AVE
SAN DIEGO,CA92117 		NONE EXEMPT ORGANIZATION CHARITABLE 300,000

TWENTYNINE PALMS ASYMCA

PO BOX X-2 BUILDING 696
TWENTYNINE PALMS,CA92278 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

UCSB FOUNDATION

PHELPS HALL SUITE 1110
SANTA BARBARA,CA93106 		NONE EXEMPT ORGANIZATION CHARITABLE 100,000

UCSD HEALTH - MOORES CANCER CENTER

3855 HEALTH SCIENCES DRIVE
LA JOLLA,CA92037 		NONE EXEMPT ORGANIZATION CHARITABLE 100,000

UNIVERSITY OF CALIFORNIA SAN DIEGO

9500 GILMAN DR
LA JOLLA,CA92093 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

UNIVERSITY OF SAN DIEGO

5998 ALCALA PARK
LA JOLLA,CA92110 		NONE EXEMPT ORGANIZATION CHARITABLE 10,000

USMC RESERVETOYS FOR TOTS

9955 POMERADO RD
SAN DIEGO,CA92131 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

USO

PO BOX 96860
WASHINGTON,DC20090 		NONE EXEMPT ORGANIZATION CHARITABLE 15,000

VETERANS VILLAGE

2061 KURTZ STREET
SAN DIEGO,CA92110 		NONE EXEMPT ORGANIZATION CHARITABLE 5,000

WOUNDED WARRIOR PROJECT

4899 BELFORT ROAD STE 300
JACKSONVILLE,FL32256 		NONE EXEMPT ORGANIZATION CHARITABLE 20,000
Total .................................right arrow 3a 1,653,500
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 66,510  
4 Dividends and interest from securities ....     14 238,055  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531190 97,379 16 219,270  
bNot debt-financed property.....     16 223,935  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 332  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 44,292 720,608
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aINSURANCE REIMBURSEMENT 		        32,473
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 97,379 792,394 753,081
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,642,854
(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.)
11A REFUND OF PREVIOUS EXPENSE.
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

TY 2023 AccountingFeesSchedule
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 54,852 0   0
PROFESSIONAL SERVICES 4,389 4,389   0
PROFESSIONAL SERVICES 3,123 2,163   0

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TY 2023 AmortizationSchedule
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
LEASE COMMISSIONS - HHEAKRE 2018-04-01 1,174 1,116 60.000000000000 58 58   1,174
LEASE COMMISSIONS - ELEVATE 2018-09-01 956 789 63.000000000000 167 167   956
LEASE COMMISSION - SUREFIRE 2020-12-01 1,504 627 60.000000000000 301 301   928
LEASE COMMISSION - CHICAGO TITLE 2022-02-01 32,112 5,519 64.000000000000 6,021 6,021   11,540
LEASE COMMISSION - STE 211 2022-02-22 2,430 405 60.000000000000 486 486   891
LEASE COMMISSION - STE 110 2022-08-11 390 81 24.000000000000 195 195   276
LEASE COMMISSION - STE 110D 2022-08-11 237 46 26.000000000000 109 109   155
LEASE COMMISSION - STE 105 2022-04-15 2,442 366 60.000000000000 488 488   854
LEASE COMMISSION - STE 204A 2022-12-30 317   24.000000000000 159 159   159
LEASE COMMISSION - STE 101 2022-12-30 289   12.000000000000 289 289   289
LEASE COMMMISSIONS 2016-06-01 4,813 3,167 120.000000000000 481 333   3,648
LEASE COMMISSIONS- AMEWAS 2020-06-01 1,536 793 60.000000000000 307 213   1,100
LEASE COMMISSIONS - CHAN 2020-11-01 1,868 810 60.000000000000 374 259   1,184
LEASE COMMISSIONS - LI 2020-08-01 3,302 1,141 84.000000000000 472 327   1,613
LOAN FEES 2020-11-30 7,944 552 360.000000000000 265 184   817
LEASE COMMISSIONS - HALLACK 2020-01-01 1,534 921 60.000000000000 307 213   1,228
LEASE COMMISSIONS - CARPENTER 2020-02-01 3,053 1,782 60.000000000000 611 423   2,393
LEASE COMMISSIONS - 103 2021-04-01 3,419 997 72.000000000000 570 395   1,567
LEASE COMMISSIONS 2021-02-01 350 335 24.000000000000 15 10   350
LEASE COMMISSIONS - WU 2021-04-22 644 215 60.000000000000 129 89   344
LEASE COMMISSIONS - INKWELL 2021-09-01 414 276 24.000000000000 138 96   414
LEASE COMMISSIONS - NARE 2021-07-01 225 169 24.000000000000 56 39   225
LEASE COMMISSIONS - NSDCA 2021-07-01 2,798 840 60.000000000000 560 388   1,400
LEASE COMMISSIONS - EDWARD JONES 2022-02-01 1,363 250 60.000000000000 273 189   523
LEASE COMMISSIONS - THOMPSON 2021-10-01 1,428 357 60.000000000000 286 198   643
LEASE COMMISSIONS - MERRICK 2021-11-01 334 195 24.000000000000 139 96   334
LEASE COMMISSIONS - VANRYN 2021-12-01 255 122 27.000000000000 133 92   255
LEASE COMMISSIONS - LI 2021-08-01 865 204 72.000000000000 144 100   348
LEASE COMMISSIONS - 216 2022-04-01 863 324 24.000000000000 432 299   756
LEASE COMMISSIONS - 205A 2022-03-01 284 118 24.000000000000 142 98   260
LEASE COMMISSIONS - 100-102 2022-05-01 6,778 565 96.000000000000 847 587   1,412
LEASE COMMISSIONS - 105-102A 2022-07-01 7,841 428 110.000000000000 855 592   1,283
LEASE COMMISSION - BERNARDO CHIROPRACTIC 2023-01-01 297   12.000000000000 297 206   297
LEASE COMMISSION - CORNERSTONE 2023-12-31 621   24.000000000000   0    
LEASE COMMISSION - UCSD 2023-01-01 1,647   56.000000000000 353 244   353
LEASE COMMISSION - VANRYN ENGINEERING 2023-02-01 1,632   48.000000000000 374 259   374

TY 2023 AppliedToPriorYearElection
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Election:
THE ORGNIZATION IS ELECTING TO APPLY REMAINING QUALIFYING DISTRIBUTIONS TO THE 2011 OUTSTANIDNG UNDISTRIBUTED INCOME ON LINE 4B UNDER REGULATION SECTION 53.4942(A)-3(D)(2).

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TY 2023 DepreciationSchedule
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
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
LAND 2003-03-03 1,716,000   L   0 0    
BUILDING 2003-03-03 2,920,960 1,482,317 SL 39.000000000000 74,896 74,896    
TENANT IMPROVEMENTS 2014-06-30 125,637 36,645 SL 15.000000000000 4,188 8,376    
TENANT IMPROVEMENTS 2015-06-30 26,017 6,503 SL 15.000000000000 867 1,734    
TENANT IMPROVEMENTS 2016-06-30 132,407 28,691 SL 15.000000000000 4,414 8,827    
TENANT IMPROVEMENTS 2017-06-30 132,527 24,299 SL 15.000000000000 4,418 4,418    
TENANT IMPROVEMENTS 2018-06-30 150,690 17,549 SL 39.000000000000 3,864 3,864    
FLOORING 2021-08-23 45,675   200DB 7.000000000000 0 6,525    
ASPHAULT 2021-07-23 81,203   150DB 15.000000000000 0 5,414    
TENANT IMPROVEMENTS 2021-06-30 53,140   SL 15.000000000000 0 3,543    
TENANT IMPROVEMENTS 2022-06-30 65,784   SL 15.000000000000 0 4,386    
TENANT IMPROVEMENTS 2023-11-07 14,116   SL 15.000000000000 24 11,317    
LAND 2002-05-31 2,149,541   L   0 0    
BUILDING 2002-05-31 3,629,775 2,333,125 SL 39.000000000000 93,071 93,071    
TENANT IMPROVEMENTS 2014-06-30 231,021 65,459 SL 15.000000000000 7,701 15,401    
TENANT IMPROVEMENTS 2015-06-30 44,023 11,003 SL 15.000000000000 1,467 2,935    
LEASEHOLD IMPROVEMENTS 2016-01-01 90,343 19,572 SL 15.000000000000 3,011 6,023    
TENANT IMPROVEMENTS 2017-06-30 107,320 19,674 SL 15.000000000000 3,577 7,155    
HVAC 2019-07-01 9,466 840 SL 39.000000000000 243 243    
HVAC - #212 2020-10-15 5,596 316 SL 39.000000000000 143 143    
ROOF 2020-06-18 72,840 4,748 SL 39.000000000000 1,868 1,868    
TENANT IMPROVEMENTS 2021-06-30 176,922   SL 15.000000000000 0 11,795    
HVAC 2021-08-13 26,154 923 SL 39.000000000000 671 671    
ASPHALT 2021-07-23 91,698   150DB 15.000000000000 0 6,113    
TENANT IMPROVEMENTS 2022-06-30 58,334   SL 15.000000000000 0 3,889    
TENANT IMPROVEMENTS 2023-12-31 32,843   SL 15.000000000000 55 26,329    

TY 2023 InvestmentsCorpStockSchedule
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Name of Stock End of Year Book Value End of Year Fair Market Value
SECURITY INVESTMENTS 7,303,865 12,227,857

TY 2023 InvestmentsOtherSchedule2
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GILBERT J. MARTIN CONSTRUCTION CO. AT COST 327,314 25,577
RANCHO BERNARDO MEDICAL BUILDING AT COST 3,601,813 11,501,555
RB NORTH AT COST 3,334,719 8,967,990

TY 2023 OtherAssetsSchedule
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DUE FROM GILBERT J. MARTIN CONSTRUCTION CO. 0 63,142 63,142
PREPAID 990PF 0 23,216 23,216
FORM 990T REFUND DUE 0 12,964 12,964


TY 2023 OtherDecreasesSchedule
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Description Amount
FEDERAL TAX - 990PF 15,281
PENALTIES 463
FEDERAL TAX - 990T 28,034


TY 2023 OtherExpensesSchedule
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER OPERATING EXPENSES 7,198 0   0
INSURANCE 22,736 0   0
INVESTMENT FEES 53,154 53,154   0
OFFICE 3,704 0   0
INSURANCE 9,177 9,177   0
MAINTENANCE 96,010 96,010   0
UTILITIES 120,634 120,634   0
OTHER OPERATING EXPENSES 11,442 11,442   0
MAINTENANCE 123,518 85,533   0
UTILITIES 167,669 116,106   0
OTHER OPERATING EXPENSES 21,187 14,671   0
INSURANCE 13,559 9,389   0
AMORTIZATION 16,833 14,201   0


TY 2023 OtherIncomeSchedule2
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
NON-DIVIDEND DISTRIBUTION 332 332 332
INSURANCE REIMBURSEMENT 32,473   32,473


TY 2023 OtherLiabilitiesSchedule
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 86,626 89,988
DUE TO EXECUTIVES 5,215 0
ACCRUED FIT - 990PF 19,514 0
ACCRUED FIT - 990T 30,275 0


TY 2023 TaxesSchedule
Name:
GILBERT J MARTIN FOUNDATION
 
A CHARITABLE TRUST
EIN:
33-0002513
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 3,424 0   0
FRANCHISE TAX BOARD 9,561 0   0
PROPERTY TAXES 68,597 68,597   0
PROPERTY TAXES 92,829 64,281   0