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
James Lee Sorenson Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)6330 S 3000 E 630
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Salt Lake City, UT84121
A Employer identification number

45-6794415
B Telephone number (see instructions)

(801) 490-1013
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$61,707,584J 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... 1,053,056 1,159,849  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,939,455
b Gross sales price for all assets on line 6a 19,582,392
7 Capital gain net income (from Part IV, line 2)... 1,870,698
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
143,435 182,884  
12 Total. Add lines 1 through 11........ 3,135,946 3,213,431  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
126,689 0   126,689
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
51,316 25,658   25,658
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
219,367 219,367   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
69,209 2,905   0
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 attachment
List of Attached Documents:
// Content
143 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 466,724 247,930   152,347
25 Contributions, gifts, grants paid....... 1,476,000 1,476,000
26 Total expenses and disbursements. Add lines 24 and 25 1,942,724 247,930   1,628,347
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,193,222
b Net investment income (if negative, enter -0-) 2,965,501
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............. 988 15,110 15,110
2 Savings and temporary cash investments......... 1,424,328 1,818,002 1,818,002
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) 2,215,378 Click to see attachment
List of Attached Documents:
// Content
2,823,341 		2,823,341
b Investments—corporate stock (attach schedule)....... 28,109,050 Click to see attachment
List of Attached Documents:
// Content
29,797,966 		29,797,966
c Investments—corporate bonds (attach schedule)....... 1,473,044 Click to see attachment
List of Attached Documents:
// Content
1,841,930 		1,841,930
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).......... 16,808,636 Click to see attachment
List of Attached Documents:
// Content
16,800,037 		20,065,785
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
4,285,715 		Click to see attachment
List of Attached Documents:
// Content
5,345,450 		Click to see attachment
List of Attached Documents:
// Content
5,345,450
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 54,317,139 58,441,836 61,707,584
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 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...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 54,317,139 58,441,836
29 Total net assets or fund balances (see instructions)..... 54,317,139 58,441,836
30 Total liabilities and net assets/fund balances (see instructions). 54,317,139 58,441,836
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
54,317,139
2
Enter amount from Part I, line 27a .....................
2
1,193,222
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,931,475
4
Add lines 1, 2, and 3 ..........................
4
58,441,836
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
58,441,836
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 Publicly traded securities      
b Sepio Capital Partners fund P 2020-06-01 2023-05-09
c Zumi Inc. P 2022-06-29 2023-12-31
d SLCPFS Note P 2018-01-26 2023-07-07
e Accelerate Learning P 2016-05-12 2023-03-22
Accelerate Learning QSB P 2016-05-12 2023-03-22
GMO Systematic Global Fund P 2020-09-30 2023-10-11
passthrough K-1 P    
(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 16,836,831   14,898,489 1,938,342
b 844,538   933,524 -88,986
c     125,000 -125,000
d 124,883   125,000 -117
e 59,886   11,235 48,651
    48,651 -48,651
1,716,254   1,500,000 216,254
      -69,795
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       1,938,342
b       -88,986
c       -125,000
d       -117
e       48,651
      -48,651
      216,254
      -69,795
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,870,698
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 41,220
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 41,220
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 41,220
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 58,500
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 58,500
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
8 180
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 17,100
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow17,100 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
 
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 arrowUT
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 arrowJim Sorenson Telephone no.right arrow (801) 490-1013

Located atright arrow6330 S 3000 E Suite 630Salt Lake CityUT ZIP+4right arrow84121
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
James Lee Sorenson Trustee
5.00 		0 0 0
6330 S 3000 E Suite 630
Salt Lake City,UT84121
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
Sorenson Impact Advisory Investment management 120,900
6330 S 3000 E Suite 630
Salt Lake City,UT84121
Ross Aronstam & Moritz Legal 90,065
1313 N Market Street Suite 101
Wilmington,DE19801
Sorenson Associates The Pointe LLC Accounting 50,236
6330 S 3000 E Suite 630
Salt Lake City,UT84121
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 Redemption Holding Co: Addressing social and financial barriers of historically underserved communities by increasing access to resources for prosperity and opportunity. 500,000
2 Impact Alpha Inc: Engaging in charitable and educational purposes of building and promoting awareness, information, and critical resources to catalyze impact investing for a more inclusive form of capitalism to help solve pressing societal and environmental problems. 250,000
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
582,046
Total. Add lines 1 through 3.........................right arrow1,332,046
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
34,507,795
b
Average of monthly cash balances.......................
1b
2,097,630
c
Fair market value of all other assets (see instructions)................
1c
20,421,957
d
Total (add lines 1a, b, and c).........................
1d
57,027,382
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
57,027,382
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
855,411
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
56,171,971
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,808,599
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
2,808,599
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
41,220
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
41,220
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,767,379
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,767,379
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
2,767,379
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
1,628,347
b
Program-related investments—total from Part VIII-B..................
1b
1,332,046
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
2,960,393
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 2,767,379
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,924,728
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,960,393
a Applied to 2022, but not more than line 2a 2,924,728
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 35,665
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
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 .......... 		2,731,714
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 ...... 		0
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).)
James Lee Sorenson
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

Best Friends Animal Society

2005 S 1100 E
Salt Lake City,UT84106 		None PC General support 1,000

Junior Achievement of Utah

515 South 700 East 1F
Salt Lake City,UT84102 		None PC Financial literacy educational programs 3,500

New Venture Fund

1828 L Street NW 300-A
Washington,DC20036 		None PC Economic innovation 100,000

Ocean Cleanup North Pacific Foundation

Dept LA 24875
Pasadena,CA91185 		None PC Ocean Cleanup 500

The Church of Jesus Christ of LDS

50 E North Temple
Salt Lake City,UT84150 		None PC General support 1,150,000

The Road Home

3380 S 1000 W
South Salt Lake,UT84119 		None PC Homeless Services 500

4-CT

50 Charles Street
Westport,CT06880 		None PC Basic needs cash assistance program 500

LDS Philanthropies

1450 N University Ave
Provo,UT84604 		None PC Missonary fund 1,000

Seventh Generation Fund for Indigenous Peoples

PO Box 4569
Arcata,CA95518 		None PC Indigenous Peoples' self-determination and the sovereignty of Native nations 500

St Jude Research Hospital

501 St Jude Place
Memphis,TN38105 		None PC Medical research 1,000

Face It Foundation

3550 Lexington Avenue
Shoreview,MN55126 		None PC Mental health programming for reducing depression in men 500

The Pad Project

10573 W Pico Blvd 73
Los Angeles,CA90064 		None PC Increasing access to women's hygene products 500

Huntsman Mental Health Foundation

500 S Huntsman Way
Salt Lake City,UT84108 		None PC Mental health programs 500

Make-A-Wish America

771 E Winchester St
Murray,UT84107 		None PC Make-a-wish program 500

Feeding America

PO Box 96749
Washington,DC200906749 		None PC Food security and nutrition programs 500

Fisher House Foundation

12300 Twinbrook Pkwy 410
Rockville,MD20852 		None PC Emergency housing for military families 500

Cabins for Cancer

80 Green Canyon Rd
St Charles,ID83272 		None PC Housing and emotional support for cancer patients 500

UT Refugee Connection

6440 S Wasatch Blvd
Salt Lake City,UT84121 		None PC Support for refugees 500

Rescue Mission of Salt Lake

PO Box 1227
Salt Lake City,UT84110 		None PC Ending homlessness and restoring livelihoods 500

The Christmas Box International

3660 S West Temple
Salt Lake City,UT84115 		None PC Services for abused and neglected children 500

Crossroads Urban Center

347 S 400 E
Salt Lake City,UT84106 		None PC Food pantry and thrift store 500

Ocean Conservancy

1300 19th Street NW 8th Floor
Washington,DC20036 		None PC Protecting oceans from environmental challenges 500

Primary Children's Hospital

PO Box 26722
Salt Lake City,UT84126 		None PC Medical care 500

Huntsman Cancer Foundation

500 S Huntsman Way
Salt Lake City,UT84108 		None PC Cancer research 500

Share Our Strength

PO Box 75475
Baltimore,MD21275 		None PC Ending hunger and poverty 500

Salt Contemporary Dance

2191 S Greystone Dr
St George,UT84790 		None PC Support for art programming 25,000

Saffron Kitchen

12052 S Amour Circle
Riverton,UT84065 		None PC Providing refugees with culinary job skills training 25,000

Women's Retreat House

340 W 2550 N
Pleasant View,UT84414 		None PC Housing assistance for recovering alcoholics 10,000

Fidelity Charitable Gift Fund

PO Box 770001
Cincinnati,OH45277 		None PC General charitable giving 150,000
Total .................................right arrow 3a 1,476,000
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 ........... 		         
4 Dividends and interest from securities ....     14 1,053,056  
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 .....     14 143,435  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,939,455  
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) .. 0 3,135,946 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,135,946
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Friends of Beverley Taylor Sorenson Arts Learning Program 501(c)(4) The trustee for James Lee Sorenson Family Foundation also serves as a Director for Friends of Beverley Taylor Sorenson Arts Learning Program
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:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting & tax preparation 51,316 25,658   25,658

TY 2023 AllOthProgRltdInvestmentsSch
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Category Amount
Elevar Equity: Developing essential products and services for disconnected communities in Latin America, Asia and other jurisdictions. 6,000
Liberty & Justice LLC: working capital loan to create job opportunities for skilled workers in Africa 100,000
Vilcap Investments LLC: Investing in positive social and environmental impact companies for purposes as clean energy, increasing access to education and healthcare, and improving livelihoods of underprivileged populations. 26,046
Recyclops: Environmental programs to facilitate and assist consumers with recycling and to reduce landfills 150,000
Copia Global Inc.: Increasing equal access to economic opportunity and growth for middle-to-low-income African consumers. 150,000
Rasa Benefit Corporation: Increasing opportunities for individuals by providing low-cost legal assistance. 150,000

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

TY 2023 ExpenditureResponsibilityStmt
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
Liberty & Justice Inc
  		302A West 12th St 309
New York,NY10014 		2013-06-10 125,000 Creating jobs and increasing access to healthcare 125,000 None 12/10/2015 4/4/17 11/5/18 10/14/19 11/13/20 11/11/21 12/13/22    
Liberty & Justice Inc
  		302A West 12th St 309
New York,NY10014 		2014-06-05 6,291 Creating jobs and increasing access to healthcare 6,291 None 6/5/14 12/10/2015 4/4/17 11/14/18 10/14/19 11/11/20 11/11/21, 12/13/22    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2014-07-03 62,500 Increasing access to essential products and services for disconnected communities 62,500 None 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024    
Liberty & Justice Inc
  		302A West 12th St 309
New York,NY10014 		2014-07-22 75,000 Creating jobs and increasing access to healthcare 75,000 None 12/10/2015 4/4/17 11/5/18 10/14/19 11/13/20 11/11/21 12/13/22    
Waste Capital Partners Inc
  		656 Arguello Blvd 2
San Francisco,CA94118 		2014-09-03 250,000 Adressing waste collection problems including reducing greenhouse gases and landfill items. Increasing income and job opportunities for underprivileged pouplations 250,000 None 1/6/16 9/30/2016 7/11/17 7/8/18 11/8/19 11/11/20 11/9/21    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2014-12-03 95,714 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 95,714 None 3/26/15 2/16/16 9/24/2016 7/10/17 7/5/18 10/7/19 11/13/20 11/10/21 10/19/23    
STI Solutions LLC
  		125 Cambridge Park Suite 301
Cambridge,MA02140 		2014-12-10 125,000 Assisting smallholder farmers in developing countries and increasing job opportunities for underprivileged populations 125,000 None 9/29/2016 6/15/17 11/5/18 11/15/19 11/6/20 10/11/21 11/8/22 10/18/23    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2015-04-10 36,131 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 36,131 None 4/10/15 3/27/15 9/24/2016 7/10/17 7/5/18 10/7/19 11/13/20 1110/21 10/19/23    
Quidnet Energy
  		14699 Grove St
Healdsburg,CA95448 		2015-05-07 125,000 Addressing environmental issues with traditional energy generation methods and providing solutions to electricity grid limitations 125,000 None 11/14/2016 7/27/17 8/16/18 11/13/19 11/2/20 11/8/21 10/20/23 10/31/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2015-05-14 45,000 Increasing access to essential products and services for disconnected communities 45,000 None 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2015-05-18 136,895 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 136,895 None 2/11/16 10/25/17 7/13/18 11/9/19 11/1/20 10/11/21 10/13/22 10/15/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2015-07-10 2,668 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 2,688 None 9/24/2016 7/10/17 7/5/18 10/7/19 11/13/20 11/10/21 10/19/23    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2015-08-05 30,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 30,000 None 2/11/16 10/25/17 7/13/18 11/9/19 11/1/20 10/11/21 10/13/22 10/15/24    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2015-10-13 15,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 15,000 None 2/11/16 10/25/17 7/13/18 11/9/19 11/1/20 10/11/21 10/13/22 10/15/24    
Elevar Equity III LP
  		220 2nd Ave S Suite 206
Seattle,WA98104 		2015-12-11 21,500 Increasing access to essential products and services for disconnected communities 21,500 None 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2015-12-29 33,368 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 33,368 None 9/24/2016 7/10/17 7/5/18 10/7/19 11/13/20 11/10/21 10/19/23    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2016-01-06 45,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 45,000 None 10/25/2017 7/13/18 10/9/19 11/1/20 10/11/21 10/13/23 10/15/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2016-02-01 34,000 Increasing access to essential products and services for disconnected communities 34,000 None 11/10/2017 7/12/18 10/18/19 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2016-03-31 16,500 Increasing access to essential products and services for disconnected communities 16,500 None 11/10/2017 7/12/18 10/18/19 11/6/20 10/15/21 11/4/22 11/10/23    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2016-04-20 50,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 50,000 None 10/25/2017 7/13/18 10/9/19 11/1/20 10/11/20 10/11/21 10/13/23 10/15/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2016-07-18 13,358 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 13,358 None 7/10/2017 7/5/18 10/7/19 11/13/20 11/10/21 10/19/23    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2016-09-16 18,500 Increasing access to essential products and services for disconnected communities 18,500 None 11/10/2017 7/12/18 10/18/19 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2016-10-24 42,169 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 42,169 None 7/10/2017 7/5/18 10/7/19 11/13/20 11/10/21 10/19/23    
Liberty & Justice Inc
  		302A West 12th St 309
New York,NY10014 		2016-10-27 12,641 Creating jobs and increasing access to healthcare 12,641 None 4/4/17 11/14/18 10/14/19 11/11/20 11/11/21 12/13/22    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2016-12-02 50,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 50,000 None 10/25/2017 7/13/18 10/9/19 11/1/20 10/11/20 10/11/21 10/13/23 10/15/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2016-12-02 20,500 Increasing access to essential products and services for disconnected communities 20,500 None 11/10/2017 7/12/18 10/18/19 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2017-01-24 20,000 Increasing access to essential products and services for disconnected communities 20,000 None 7/12/18 10/18/19 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2017-03-06 40,681 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 40,681 None 7/5/2018 10/7/19 11/13/20 11/10/21 10/19/23    
Waste Capital Partners Inc
  		656 Arguello Blvd 2
San Francisco,CA94118 		2017-04-03 140,000 Adressing waste collection problems including reducing greenhouse gases and landfill items. Increasing income and job opportunities for underprivileged populations 140,000 None 7/8/2018 11/8/19 11/11/20 11/9/21    
Liberty & Justice Inc
  		302A West 12th St 309
New York,NY10014 		2017-04-04 50,000 Creating jobs and increasing access to healthcare 50,000 None 11/5/2018 10/14/19 11/11/20 11/11/21 12/13/22    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2017-04-06 36,497 Increasing access to essential products and services for disconnected communities 36,497 None 7/12/18 10/18/19 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2017-06-01 47,114 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 47,114 None 7/5/2018 10/7/19 11/13/20 11/10/21 10/19/23    
Elevar Equity III LP
  		220 2nd Ave S Suite 206
Seattle,WA98104 		2017-06-12 18,500 Increasing access to essential products and services for disconnected communities 18,500 None 7/12/18 10/18/19 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
Capria Accelerator Fund LP
  		815 1st Ave 302
Seattle,WA89104 		2017-07-21 25,000 Creation of early-stage impact investment funds in emerging markets with the ability to improve lives of low-income individuals 25,000 None 7/9/2018 7/15/19 11/16/20 10/12/21 11/4/22 10/15/23 10/31/24    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2017-09-05 25,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 25,000 None 7/13/2018 10/9/19 11/1/20 10/11/20 10/11/21 10/13/23 10/15/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2017-09-21 26,503 Increasing access to essential products and services for disconnected communities 26,503 None 7/12/18 10/18/19 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2017-10-13 62,035 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 62,035 None 7/5/2018 10/7/19 11/13/20 11/10/21 10/19/23    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2017-12-21 33,000 Increasing access to essential products and services for disconnected communities 33,000 None 7/12/18 10/18/19 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2017-12-21 66,667 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 66,667 None 7/3/2018 11/13/19 11/12/20 10/9/21 12/2/22 10/22/24    
Capria Accelerator Fund LP
  		815 1st Ave 302
Seattle,WA89104 		2018-01-05 50,000 Creation of early-stage impact investment funds in emerging markets with the ability to improve lives of low-income individuals 50,000 None 7/15/2019 11/16/20 10/12/21 11/4/22 10/15/23 10/31/24    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2018-01-24 35,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 35,000 None 10/9/2019 11/1/20 10/11/21 10/13/23 10/15/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2018-03-08 36,000 Increasing access to essential products and services for disconnected communities 36,000 None 10/18/2019 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2018-03-23 38,114 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 38,114 None 10/7/2019 11/13/20 11/10/21 10/19/23    
Quidnet Energy
  		14699 Grove St
Healdsburg,CA95448 		2018-05-10 18,818 Addressing environmental issues with traditional energy generation methods and providing solutions to electricity grid limitations 18,818 None 11/13/2019 11/2/20 11/8/21 10/20/23 10/31/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2018-07-19 45,856 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 45,856 None 10/7/2019 11/13/20 11/10/21 10/19/23    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2018-07-30 11,500 Increasing access to essential products and services for disconnected communities 11,500 None 10/18/2019 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2018-09-07 37,037 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 37,037 None 11/13/2019 11/12/20 10/9/21 12/2/22 10/22/24    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2018-11-19 25,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 25,000 None 10/9/2019 11/1/20 10/11/21 10/13/23 10/15/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2018-12-24 35,225 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 35,225 None 10/7/2019 11/13/20 11/10/21 10/19/23    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2018-12-21 14,000 Increasing access to essential products and services for disconnected communities 14,000 None 10/18/2019 11/6/20 10/15/21 11/4/22 11/10/23 10/28/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2018-12-27 150,000 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 150,000 None 11/13/2019 11/12/20 10/9/21 12/2/22 10/22/24    
Newday Financial Technologies Inc
  		735 Montgomery Street
San Francisco,CA84111 		2018-12-31 100,000 Increasing access to and awareness of socially-impactful investments 100,000 None 11/4/2020 12/29/20 11/14/21 10/25/23    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2019-02-21 25,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 25,000 None 11/1/2020 10/11/21 10/13/23 10/15/24    
Recyclops LLC
  		222 S Main St FL 5
Salt Lake City,UT84101 		2019-05-17 100,000 Programming to facilitate and assisst consumers with recycling to reduce landfills 100,000 None 3/18/2020 10/14/21 5/22/23 10/21/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2019-05-20 22,000 Increasing access to essential products and services for disconnected communities 22,000 None 11/6/2020 10/15/21 11/4/22 11/10/23 10/28/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2019-06-17 27,284 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 1,583 None 11/13/2020 11/10/21 10/19/23    
Capria Accelerator Fund LP
  		815 1st Ave 302
Seattle,WA89104 		2019-06-26 87,500 Creation of early-stage impact investment funds in emerging markets with the ability to improve lives of low-income individuals 87,500 None 11/16/2020 10/12/21 11/4/22 10/15/22 10/31/24    
Capsule Global Inc (aka Flare)'
  		8 the GRN B STE
Dover,DE19901 		2019-07-15 250,000 Reducing emergency response times and saving lives through connecting emergency repsone units to patients in need 250,000 None 9/17/2020 11/8/21 10/10/23    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2019-07-24 41,333 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 41,333 None 11/12/2020 10/9/21 12/2/22 10/22/24    
Catbus InfoLabs Private Limited (aka Blowhorn)
  		511 8th Cross JP Nagar Third Phase
Bangalore   560078
IN 		2019-09-05 246,579 Increasing business opportuities and income for lower middle-income Indian residents to alleviate burdents of the poor and provide greater education opportunities 246,579 None 10/7/21, 10/30/24    
M-PREP Inc (aka Eneza)
  		1040 W Adams Street
Chicago,IL60607 		2019-09-30 100,000 Promoting and improving education in Agrican countries 100,000 None 11/6/2020 10/14/21    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2019-10-01 10,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 10,000 None 11/1/2020 10/11/21 10/13/23 10/15/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2019-11-21 12,500 Increasing access to essential products and services for disconnected communities 12,500 None 11/6/2020 10/15/21 11/4/22 11/10/23 10/28/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2019-12-26 82,668 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 82,668 None 11/12/2020 10/9/21 12/2/22 10/22/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2020-02-12 160,000 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 160,000 None 10/9/2021 12/2/22 10/22/24    
Recyclops LLC
  		222 S Main St FL 5
Salt Lake City,UT84101 		2020-03-20 25,000 Programming to facilitate and assisst consumers with recycling to reduce landfills 25,000 None 10/14/2021 5/22/23 10/21/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2020-03-23 25,333 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 25,333 None 10/9/2021 12/2/22 10/22/24    
Owl Ventures LP
  		400 Pacific Avenue 3rd Floor
San Francisco,CA94133 		2020-03-27 35,000 Addressing problems associated with poor learning achievement outcomes and increasing educational opportunities 35,000 None 10/11/2021 10/13/23 10/15/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2020-04-17 64,495 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 64,495 None 11/10/2021 10/19/23    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2020-04-21 41,333 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 41,333 None 10/9/2021 12/2/22 10/22/24    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2020-05-12 13,500 Increasing access to essential products and services for disconnected communities 13,500 None 10/15/2021 11/4/22 11/10/23 10/28/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2020-06-24 11,994 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 11,994 None 11/10/2021 10/19/23    
Capsule Global Inc (aka Flare)'
  		8 the GRN B STE
Dover,DE19901 		2020-07-12 17,548 Reducing emergency response times and saving lives through connecting emergency repsone units to patients in need 17,548 None 11/8/2021 10/10/23    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2020-08-12 48,000 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 48,000 None 10/9/2021 12/2/22 10/22/24    
VilCap Investments LLC
  		3337 Fretz Valley Rd
Perkasie,PA18944 		2020-10-16 35,472 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 35,472 None 11/10/2021 10/19/23    
Elevar Equity III LP
  		450 Alaskan Way S Suite 200
Seattle,WA98104 		2020-11-16 12,500 Increasing access to essential products and services for disconnected communities 12,500 None 10/15/2021 11/4/22 11/10/23 10/28/24    
Element3 Health Inc
  		1550 Wewatta 2nd Floor
Denver,CO80202 		2020-12-01 250,000 Development of health solutions for seniors, reducing anxiety, depression, and related issues 250,000 None 10/15/2021 10/15/23 10/31/24    
VilCap Investments LLC
  		212 Sutter Street 2nd Floor
San Francisco,CA94108 		2020-12-29 33,575 Fostering positive social and/or environmental impact, improving livelihoods of underprivileged populations 33,575 None 11/10/2021 10/19/23    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2020-12-30 29,333 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 29,333 None 10/9/2021 12/2/22 10/22/24    
Newday Financial Technologies Inc
  		735 Montgomery Street
San Francisco,CA84111 		2020-12-30 48,000 Increasing access to and awareness of socially-impactful investments 48,000 None 11/14/2021 10/25/23    
Capria Fund LLC
  		815 1st Ave 302
Seattle,WA89104 		2021-02-12 18,750 Creation of early-stage impact investment funds in emerging markets for the purpose of improving livliehoods of low-income individuals 18,750 None 11/4/22 10/15/23 10/31/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2021-03-05 85,333 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 85,333 None 12/2/22 10/22/24    
Recyclops LLC
  		222 S Main St FL 5
Salt Lake City,UT84101 		2021-03-12 5,939 Programs to facilitate and assist consumers with recyclying to reduce landfills 5,939 None 11/4/2022 5/22/23 10/21/24    
Elevar Equity III LP
  		220 2nd Ave S Suite 206
Seattle,WA98104 		2021-04-12 4,000 Increasing access to essential producs and services for disconnected communities 4,000 None 11/4/2022 11/10/23 10/28/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2021-04-27 168,000 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 168,000 None 12/2/22 10/22/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2021-07-01 33,333 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 33,333 None 12/2/22 10/22/24    
Capria Fund LLC
  		815 1st Ave 302
Seattle,WA89104 		2021-08-11 21,250 Creation of early-stage impact investment funds in emerging markets for the purpose of improving livliehoods of low-income individuals 21,250 None 11/4/22 10/15/23 10/31/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2021-11-03 26,668 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 26,668 None 12/2/22 10/22/24    
Recyclops LLC
  		222 S Main St FL 5
Salt Lake City,UT84101 		2021-12-21 16,426 Programs to facilitate and assist consumers with recyclying to reduce landfills 16,426 None 11/4/2022 5/22/23 10/21/24    
Elevar Equity III LP
  		220 2nd Ave S Suite 206
Seattle,WA98104 		2022-01-26 8,000 Increasing access to essential products and services for disconnected communities 8,000 None 11/10/23 10/28/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2022-02-22 106,000 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 106,000 None 10/22/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2022-07-05 102,667 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 102,667 None 10/22/24    
Elevar Equity III LP
  		220 2nd Ave S Suite 206
Seattle,WA98104 		2022-08-31 3,000 Increasing access to essential products and services for disconnected communities 3,000 None 11/10/23 10/28/24    
RASA Benefit Corporation
  		180 E 2100 S Suite 206
South Salt Lake,UT84115 		2022-09-02 150,000 Increasing opportutnities for individuals by providing low-cost legal assistance 69,471 None 4/12/23 10/31/24    
University Venture Fund II
  		1655 Campus Center Dr Suite 6123
Salt Lake City,UT84112 		2022-12-02 44,400 Educating university students in social impact entrepreneurship and promoting community development in low and moderate income households 44,400 None 10/22/24    
Elevar Equity III LP
  		220 2nd Ave S Suite 206
Seattle,WA98104 		2022-12-06 4,000 Increasing access to essential products and services for disconnected communities 4,000 None 11/10/23 10/28/24    
Liberty & Justice LLC
  		302A West 12th St 309
New York,NY10014 		2023-01-18 100,000 Working capital loan to create job opportunities for skilled workers in Africa          
VilCap Investments LLC
  		212 Sutter Street 2nd Floor
San Francisco,CA94108 		2023-03-09 13,147 Investing in positive social and environmental impact companies for purposes as clean energy, increasing access to education and healthcare, and improving livelihoods of underprivileged populations          
Recyclops LLC
  		222 S Main St FL 5
Salt Lake City,UT84101 		2023-06-28 150,000 Programs to facilitate and assist consumers with recyclying to reduce landfills 150,000 None 10/21/24    
RASA Benefit Corporation
  		180 E 2100 S Suite 206
Salt Lake City,UT84112 		2023-07-06 150,000 Increasing opportutnities for individuals by providing low-cost legal assistance 150,000   10/31/24    
Copia Global Inc
  		3 Palmer Ct
Tiburon,CA94920 		2023-09-05 150,000 Increasing equal access to economic opportunity and growth for middle-to-low-income African consumers 150,000 None 10/18/2024    
VilCap Investments LLC
  		212 Sutter Street 2nd Floor
San Francisco,CA94108 		2023-09-08 12,899 Investing in positive social and environmental impact companies for purposes as clean energy, increasing access to education and healthcare, and improving livelihoods of underprivileged populations          
Elevar Equity III LP
  		220 2nd Ave S Suite 206
Seattle,WA98104 		2023-09-12 6,000 Increasing access to essential products and services for disconnected communities 6,000 None 10/28/24    
Impact Alpha Inc
  		2009 Francisco St
Berkley,CA94709 		2023-10-11 250,000 Engaging in charitable and educational purposes of building and promoting awareness, information, and critical resources to catalyze impact investing for a more inclusive form of capitalism to help solve pressing societal and environmental problems          
Redemption Holding Company
  		350 E 400 S Suite 310
Salt Lake City,UT84111 		2023-12-21 500,000 Addressing social and financial barriers of historically underserved communities by increasing access to resources for prosperity and opportunity. 0 None 10/22/24    

TY 2023 InvestmentsCorpBondsSchedule
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Name of Bond End of Year Book Value End of Year Fair Market Value
Alexandria Real Estate EQ Inc Note 35,118 35,118
American Electric Power Inc Note 60,435 60,435
American Honda Fin Corp Note 52,220 52,220
American Tower Corp Note 8,350 8,350
American Tower Corp Note 28,787 28,787
Amgen Inc Note 46,889 46,889
Astrazeneca Finance LLC Note 46,597 46,597
AT&T Inc Note 64,705 64,705
Bank America Corp Note 101,950 101,950
Bank New York Mellon Note 35,302 35,302
BHP Billiton Fin USA LTD Note 45,977 45,977
Boston PPTYS LTD Note 32,703 32,703
CitiGroup Inc Note 82,367 82,367
CNH Industrial. Capital LLC Note 27,717 27,717
Comcast Corp Note 49,063 49,063
CVS Health Corp Note 74,589 74,589
Disney Walt Co Note 53,637 53,637
Enbridge Inc Note 19,801 19,801
Eversource Energy Ser R Note 53,149 53,149
Exelon Corp Note 24,381 24,381
Fifth Third Bancorp Note 50,347 50,347
Goldman Sachs Group 55,561 55,561
Intel Corp Note 29,857 29,857
JPMorgan Chase & Co 94,437 94,437
Lincoln Natl Corp Note 35,898 35,898
Lowes Cos Inc Note 50,310 50,310
Medtronic Global Hldgs Note 45,287 45,287
Morgan Stanley Note 54,558 54,558
Nextera Energy Cap Holdings Inc Bond 53,291 53,291
PNC Finl Svcs Group Inc Note 45,424 45,424
Progressive Corp Note 45,046 45,046
Public Svc Elec & Gas Co Note 18,986 18,986
Royal Bank Canada Note 42,256 42,256
Sempra Note 62,866 62,866
Simon Property Group Note 54,612 54,612
Starbucks Corp Note 30,654 30,654
Thermo Fisher Scientific Inc Note 30,721 30,721
Toronto Dominion Bank Note 98,082 98,082

TY 2023 InvestmentsCorpStockSchedule
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Name of Stock End of Year Book Value End of Year Fair Market Value
VANGUARD DEVELOPED MARKETS INDEX FUND ETF 1,268,241 1,268,241
VANGUARD SMALL CAP VALUE ETF 774,247 774,247
BLACKROCK GLOBAL IMPACT FUND I 696,592 696,592
CALVERT EMERGING MARKETS EQUITY CL I 1,009,374 1,009,374
GMO CLIMATE CHANGE FUND CL I 1,559,595 1,559,595
GMO EMERGING MARKETS FUND I 2,005,671 2,005,671
GOLDMAN SACHS GQG PARTNERS INTL OPP I 2,305,931 2,305,931
JOHCM INTERNATIONAL SELECT INSTL 2,304,498 2,304,498
IMPAX GLOBAL OPPORT FUND INSTL 1,086,698 1,086,698
ARC DOCUMENT SOLUTIONS INC 19,985 19,985
AXT INC 12,938 12,938
ACACIA RESEARCH CORP 17,248 17,248
ALICO INC 27,335 27,335
AMTECH SYSTEMS INC 14,419 14,419
ASURE SOFTWARE INC 27,322 27,322
BM TECHNOLOGIES INC CL A COM 6,045 6,045
BGSF INC COM 21,272 21,272
BANKWELL FINL GROUP INC COM USD0.01 17,957 17,957
BARRETT BUSINESS SVCS INC COM 51,415 51,415
BOWMAN CONSULTING GROUP LTD COM 47,348 47,348
BUILD-A-BEAR WORKSHOP INC COM 42,463 42,463
CRA INTERNATIONAL INC 25,108 25,108
CAPITAL BANCORP INC MD COM 20,473 20,473
CIVISTA BANCSHARES INC COM NO PAR 26,812 26,812
COLONY BANKCORP INC 29,925 29,925
COMTECH TELECOMMUNICATIONS CORP 16,599 16,599
COOPER-STANDARD HOLDINGS INC 26,145 26,145
DMC GLOBAL INC COM 16,580 16,580
DHI GROUP INC COM 13,108 13,108
DESTINATION XL GROUP INC 29,850 29,850
EAGLE BANCORP MONTANA INC COM USD0.01 13,753 13,753
ESQUIRE FINL HLDGS INC COM 23,881 23,881
FS BANCORP INC COM 43,650 43,650
FARMERS NATIONAL BANC CORP COM 22,398 22,398
FIRST BUSINESS FINL SVCS INC W COM 29,554 29,554
FIRST NORTHWEST BANCORP COM USD0.01 18,219 18,219
FIVE STAR BANCORP COM 25,159 25,159
GENASYS INC COM 9,734 9,734
HAMILTON BEACH BRANDS HLDG CO COM CL A 31,027 31,027
HERITAGE INSURANCE HLDGS INC COM 26,028 26,028
HORIZON BANCORP INC COM 24,628 24,628
HURCO CO COM 18,193 18,193
INTEST CORP 20,618 20,618
JAKKS PAC INC COM NEW 18,806 18,806
KIMBALL ELECTRONICS INC 43,740 43,740
LAKELAND INDUSTRIES INC 45,256 45,256
LIFETIME BRANDS INC 18,473 18,473
LINCOLN EDUCATIONAL SERVICES CORP 22,198 22,198
MANITEX INTERNATIONAL INC 37,093 37,093
METROPOLITAN BK HLDG CORP COM 52,113 52,113
MILLER INDUSTRIES INC 31,125 31,125
MISTRAS GROUP INC COM USD0.01 10,921 10,921
MOTORCAR PARTS OF AMERICA INC 34,287 34,287
NN INC COM 9,832 9,832
NATURAL GAS SVCS GROUP INC COM 44,059 44,059
NORTHEAST BK LEWISTON ME COM 44,042 44,042
NORTHWEST PIPE CO COM STK USD0.01 42,425 42,425
ONE STOP SYS INC COM 5,342 5,342
ORRSTOWN FINANCIAL SERVICES INC COM NPV 28,645 28,645
PAM TRANSPORTATION SERVICES INC 11,720 11,720
PARKE BANCORP INC COM STK USD0.10 32,076 32,076
PROFIRE ENERGY INC 12,656 12,656
QUANTUM CORP COM NEW 2,141 2,141
RED ROBIN GOURMET BURGERS INC 35,140 35,140
RIMINI STR INC DEL COM 17,602 17,602
RIVERVIEW BANCORP INC COM 21,139 21,139
SHIMMICK CORPORATION COM 11,761 11,761
SILVERCREST ASSET MANAGEMENT GROUP INC 20,842 20,842
SMITH MICRO SOFTWARE INC COM NEW 8,040 8,040
STRATTEC SECURITY CORP 23,186 23,186
TILLYS INC COM USD0.001 CL A 21,097 21,097
TWIN DISC INC 40,885 40,885
USCB FINANCIAL HOLDINGS INC CLASS A COM 22,699 22,699
UNITY BANCORP INC 29,383 29,383
UNIVERSAL ELECTRONICS INC 12,404 12,404
UNIVERSAL TECHNICAL INSTITUTE INC 26,843 26,843
WEST BANCORPORATION INC 20,034 20,034
WHOLE EARTH BRANDS INC COM CL A 12,453 12,453
ALPINE INCOME PPTY TR INC COM 24,520 24,520
GLOBAL MED REIT INC COM NEW 27,206 27,206
GREAT AJAX CORP COM 14,670 14,670
ADT INC DEL COM 4,322 4,322
AFLAC INC COM USD0.10 28,710 28,710
AGCO CORP COM USD0.01 4,145 4,145
ABBOTT LABORATORIES 59,658 59,658
AECOM 7,405 7,405
ADVANCED MICRO DEVICES INC 27,713 27,713
AFFILIATED MANAGERS GROUP INC COM 4,391 4,391
AGILENT TECHNOLOGIES INC COM USD0.01 11,957 11,957
AIR LEASE CORP 5,536 5,536
AIR PRODUCTS AND CHEMICALS INC 25,305 25,305
ALBEMARLE CORP COM USD0.01 5,644 5,644
ALLSTATE CORP COM USD0.01 13,578 13,578
ALPHABET INC CAP STK CL C 8,315 8,315
AMAZON.COM INC 6,230 6,230
U HAUL HOLDING COMPANY COM SER N 8,946 8,946
AMERICAN EXPRESS CO COM USD0.20 33,159 33,159
AMERICAN INTERNATIONAL GROUP INC 31,436 31,436
AMERIPRISE FINANCIAL INC COM USD0.01 9,496 9,496
ELEVANCE HEALTH INC COM 34,424 34,424
ANTERO MIDSTREAM CORP COM 9,213 9,213
APPLE INC 10,397 10,397
APPLIED MATERIALS INC COM USD0.01 13,836 13,836
APTARGROUP INC 4,381 4,381
ARROW ELECTRONICS INC COM USD1 2,690 2,690
ASHLAND INC COM 6,368 6,368
ATMOS ENERGY CORP COM NPV 20,862 20,862
AUTOMATIC DATA PROCESSING INC COM USD0.10 17,240 17,240
AVANGRID INC COM 24,346 24,346
AVERY DENNISON CORP COM USD1 4,852 4,852
BALL CORP COM NPV 8,576 8,576
BANK OF NEW YORK MELLON CORP COM USD0.01 28,003 28,003
BECTON DICKINSON &CO COM USD1.00 28,284 28,284
BERKLEY W R CORP COM 11,244 11,244
BERRY GLOBAL GROUP INC 5,161 5,161
BIO RAD LABORATORIES INC 5,812 5,812
BIOGEN INC COM USD0.0005 29,759 29,759
BIO-TECHNE CORP COM 4,630 4,630
BOOKING HOLDINGS INC COM 10,642 10,642
BOSTON SCIENTIFIC CORP 31,564 31,564
BROADRIDGE FINANCIAL SOLUTION INC COM USD0.01 5,761 5,761
BROADCOM INC COM 10,046 10,046
BROWN & BROWN INC 4,622 4,622
BROWN-FORMAN CORP 16,124 16,124
BUILDERS FIRSTSOURCE INC 5,175 5,175
CBOE GLOBAL MARKETS INC 16,249 16,249
CBRE GROUP INC COM USD0.01 CLASS A 11,916 11,916
CF INDUSTRIES HOLDINGS INC COM USD0.01 12,602 12,602
CH ROBINSON WORLDWIDE INC COM USD0.10 5,097 5,097
THE CIGNA GROUP COM 32,041 32,041
CME GROUP INC COM 32,222 32,222
CAMPBELL SOUP CO CAP USD0.0375 12,450 12,450
CARLISLE COMPANIES INC 5,025 5,025
CARLYLE GROUP INC COM 4,331 4,331
CARRIER GLOBAL CORPORATION COM 14,880 14,880
CATERPILLAR INC COM 20,401 20,401
CENTENE CORP 13,655 13,655
CHARTER COMMUNICATIONS INC NEW CL A 9,328 9,328
CHURCH &DWIGHT CO INC COM 12,955 12,955
CISCO SYSTEMS INC 68,505 68,505
CINTAS CORP 9,643 9,643
CITIGROUP INC 52,648 52,648
CLEARWAY ENERGY INC CL A 7,279 7,279
COGNIZANT TECHNOLOGY SOLUTIONS CORP COM CL A USD0.01 15,106 15,106
COINBASE GLOBAL INC COM CL A 7,652 7,652
COLGATE-PALMOLIVE CO COM USD1.00 39,217 39,217
COMERICA INC 7,925 7,925
COMMERCE BANCSHARES INC 4,978 4,978
CONAGRA BRANDS INC 15,906 15,906
CONSTELLATION BRANDS INC COM USD0.01 CLASS A 23,933 23,933
COPART INC COM USD0.0001 6,027 6,027
CORNING INC 13,459 13,459
CORTEVA INC COM 23,860 23,860
COTY INC 4,608 4,608
CROWN HLDGS INC COM 4,806 4,806
DR HORTON INC COM STK USD0.01 15,350 15,350
DT MIDSTREAM INC COMMON STOCK 14,648 14,648
DARDEN RESTAURANTS INC 16,398 16,398
DEERE & CO 13,196 13,196
DEVON ENERGY CORP NEW 31,360 31,360
DIAMONDBACK ENERGY INC COM USD0.01 45,261 45,261
DISNEY WALT CO COM 51,194 51,194
DISCOVER FINANCIAL SERVICES 11,943 11,943
DONALDSON COMPANY INC 5,140 5,140
DOORDASH INC CL A 4,747 4,747
DOVER CORP COM USD1.00 12,612 12,612
DUN &BRADSTREET HLDGS INC COM 4,689 4,689
DUPONT DE NEMOURS INC COM 21,463 21,463
EBAY INC. COM 11,690 11,690
ECOLAB INC 12,298 12,298
EDISON INTERNATIONAL 31,027 31,027
ELANCO ANIMAL HEALTH INC COM 4,515 4,515
ELECTRONIC ARTS INC 13,544 13,544
EMERSON ELECTRIC CO 24,138 24,138
ESSENTIAL UTILS INC COM 17,367 17,367
EVERSOURCE ENERGY 30,860 30,860
EXELON CORP COM NPV 35,060 35,060
EXPEDIA GROUP INC 5,920 5,920
EXPEDITORS INTERNATIONAL OF WASHINGTON INC 7,505 7,505
FMC CORP COM NEW 7,471 7,471
FTI CONSULTING INC 3,983 3,983
FASTENAL COM STK USD0.01 7,384 7,384
FIDELITY NATL INFORMATION SERVICES COM USD0.01 13,936 13,936
FIDELITY NATIONAL FINANCIAL FNF GROUP COM USD0.0001 5,028 5,028
FIRST AMERICAN FINANCIAL CORP COM USD0.00001 3,094 3,094
FIRST HAWAIIAN INC COM 7,550 7,550
FIRST SOLAR INC 6,719 6,719
FISERV INC COM STK USD0.01 26,037 26,037
FLOWERS FOODS INC 5,929 5,929
FORTIVE CORP COM 17,156 17,156
FOX CORP CL B COM 12,284 12,284
FRONTIER COMMUNICATIONS PARENT COM 3,801 3,801
ARTHUR J. GALLAGHER & CO. ISIN #US3635761097 SEDOL #BD1QWJ0 23,388 23,388
GENERAL MILLS INC COM USD0.10 28,271 28,271
GENUINE PARTS CO COM USD1.00 12,188 12,188
GLOBAL PAYMENTS INC 10,414 10,414
GLOBE LIFE INC COM 9,738 9,738
GOLDMAN SACHS GROUP INC COM USD0.01 49,379 49,379
GRACO INC 3,937 3,937
HF SINCLAIR CORP COM 8,352 8,352
HCA HEALTHCARE INC COM 15,699 15,699
HP INC COM 8,606 8,606
HALLIBURTON CO COM USD2.50 29,425 29,425
HARTFORD FINANCIAL SERVICES GRP INC COM USD0.01 17,603 17,603
HASBRO INC COM USD0.50 3,778 3,778
HAWAIIAN ELECTRIC INDUSTRIES INC 5,399 5,399
HESS CORPORATION COM USD1.00 38,673 38,673
HEWLETT PACKARD ENTERPRISE CO COM 9,271 9,271
HOLOGIC INC 7,145 7,145
HOME DEPOT INC 17,674 17,674
HORMEL FOODS CORP 13,775 13,775
HUBBELL INC COM 5,631 5,631
HUMANA INC 13,276 13,276
HUNT J.B. TRANSPORT SERVICES INC COM USD0.01 9,588 9,588
HUNTINGTON BANCSHARES INC COM USD0.01 17,846 17,846
HUNTSMAN CORP 4,185 4,185
ILLINOIS TOOL WORKS INC COM USD0.01 24,098 24,098
ILLUMINA INC COM USD0.01 7,380 7,380
INGERSOLL RAND INC COM 11,524 11,524
INGREDION INC COM USD0.01 6,992 6,992
INTERNATIONAL BUS MACH CORP COM USD0.20 52,663 52,663
INTERNATIONAL FLAVORS &FRAGRANCES COM USD0.125 9,150 9,150
INTERPUBLIC GROUP COS INC COM USD0.10 7,311 7,311
KENVUE INC COM 21,334 21,334
KEURIG DR PEPPER INC COM 26,319 26,319
KEYCORP COM 11,413 11,413
KIMBERLY-CLARK CORP COM 23,694 23,694
KINDER MORGAN INC COM USD0.01 44,358 44,358
KIRBY CORP 6,357 6,357
KNIGHT-SWIFT TRANSN HLDGS INC CL A 7,063 7,063
LAM RESEARCH CORP COM USD0.001 7,049 7,049
ESTEE LAUDER COMPANIES INC COM USD0.01 CLASS A 13,309 13,309
LIBERTY MEDIA CORP DEL COM LBTY SRM S C 6,677 6,677
ELI LILLY &CO COM 11,658 11,658
LIVE NATION ENTERTAINMENT INC COM USD0.01 7,020 7,020
LOEWS CORP COM USD0.01 22,686 22,686
M &T BANK CORP COM USD0.50 14,393 14,393
MARTIN MARIETTA MATERIALS INC COM USD0.01 13,015 13,015
MARVELL TECHNOLOGY INC COM 15,221 15,221
MASTERCARD INCORPORATED CL A 14,928 14,928
MCCORMICK &COMPANY INC COM NPV 10,537 10,537
MERCK &CO. INC COM 85,254 85,254
METLIFE INC COM USD0.01 22,484 22,484
METTLER-TOLEDO INTERNATIONAL INC COM USD0.01 4,852 4,852
MICROSOFT CORP 11,281 11,281
MICROCHIP TECHNOLOGY INC. COM 8,862 8,862
MICRON TECHNOLOGY INC 28,504 28,504
MOLSON COORS BEVERAGE CO CL B 9,182 9,182
MOODYS CORP COM USD0.01 14,451 14,451
NVR INC COM USD0.01 7,000 7,000
NOV INC COM 13,240 13,240
NASDAQ INC COM STK 14,535 14,535
NATIONAL FUEL GAS CO COM 11,757 11,757
NEW YORK TIMES CO 3,380 3,380
NEXSTAR MEDIA GROUP INC COMMON STOCK 3,796 3,796
NIKE INC CLASS B COM NPV 20,303 20,303
NORDSON CORP 7,410 7,410
NORFOLK SOUTHN CORP COM 27,772 27,772
GEN DIGITAL INC COM 5,933 5,933
NUCOR CORP COM USD0.40 18,448 18,448
OMNICOM GROUP INC COM USD0.15 10,208 10,208
ON SEMICONDUCTOR CORP COM USD0.01 10,107 10,107
ONEOK INC COM USD0.01 23,463 23,463
OTIS WORLDWIDE CORP COM 19,862 19,862
OVINTIV INC COM ISIN #US69047Q1022 SEDOL #BL3GRC2 16,902 16,902
PNC FINANCIAL SERVICES GROUP COM USD5 38,093 38,093
PPG INDUSTRIES INC COM USD1.666 12,413 12,413
PACCAR INC COM USD1.00 25,975 25,975
PACKAGING CORP OF AMERICA COM USD0.01 6,516 6,516
PAYCHEX INC COM USD0.01 7,027 7,027
PAYPAL HLDGS INC COM 5,527 5,527
PRINCIPAL FINANCIAL GROUP INC COM 12,273 12,273
PROGRESSIVE CORP COM 14,813 14,813
PRUDENTIAL FINANCIAL INC 28,532 28,532
PUBLIC SVC ENTERPRISE GRP INC COM 31,799 31,799
PULTE GROUP INC COM USD0.01 6,202 6,202
QUALCOMM INC 14,318 14,318
QUANTA SERVICES COM USD0.00001 9,495 9,495
RPM INTERNATIONAL INC 4,968 4,968
RANGE RESOURCES CORP 7,244 7,244
RAYMOND JAMES FINL INC COM 11,039 11,039
REGIONS FINANCIAL CORP NEW COM 15,562 15,562
RELIANCE STEEL & ALUMINUM CO 13,802 13,802
REPUBLIC SERVICES INC 24,472 24,472
ROKU INC COM CL A 3,116 3,116
ROPER TECHNOLOGIES INC 29,439 29,439
RYDER SYSTEM INC 4,312 4,312
S&P GLOBAL INC COM 43,290 43,290
SALESFORCE INC COM 19,999 19,999
HENRY SCHEIN INC COM 4,845 4,845
SCHNEIDER NATIONAL INC CL B 4,158 4,158
SCHWAB CHARLES CORP COM 29,722 29,722
SHERWIN-WILLIAMS CO 12,164 12,164
SIRIUS XM HOLDINGS INC COM 4,992 4,992
SKYWORKS SOLUTIONS INC 7,704 7,704
SMUCKER J M CO COM NEW 12,512 12,512
SNAP-ON INC 7,221 7,221
SONOCO PRODUCTS CO 4,941 4,941
BLOCK INC CL A 6,962 6,962
STANLEY BLACK & DECKER INC 5,592 5,592
STATE STREET CORP 12,017 12,017
STEEL DYNAMICS INC 9,000 9,000
STRYKER CORPORATION COM 27,550 27,550
SYNCHRONY FINANCIAL COM 7,781 7,781
SYSCO CORP 19,891 19,891
T-MOBILE US INC COM 41,525 41,525
TAKE-TWO INTERACTIVE SOFTWARE INC 6,921 6,921
TARGET CORP 12,533 12,533
THERMO FISHER SCIENTIFIC INC 40,340 40,340
TRADEWEB MKTS INC CL A 4,827 4,827
TRANSUNION COM 4,274 4,274
TRAVELERS COMPANIES INC COM STK NPV 26,859 26,859
TRUIST FINL CORP COM 19,879 19,879
TYSON FOODS INC 12,265 12,265
UGI CORP 8,689 8,689
UNITED PARCEL SERVICE INC CL B 37,815 37,815
UNITED RENTALS INC 10,959 10,959
US FOODS HLDG CORP COM 8,401 8,401
UNITEDHEALTH GROUP INC 35,800 35,800
VERIZON COMMUNICATIONS INC 55,570 55,570
VERTIV HOLDINGS CO COM CL A 3,653 3,653
VISA INC 17,964 17,964
VULCAN MATERIALS CO 12,518 12,518
WABTEC COM 12,436 12,436
WARNER BROS DISCOVERY INC COM SER A 9,377 9,377
WATERS CORP 5,268 5,268
WESTERN DIGITAL CORP. COM 4,713 4,713
WESTROCK CO COM 3,613 3,613
WEYERHAEUSER CO MTN BE COM NEW 10,918 10,918
WILLIAMS COS INC COM 33,929 33,929
XPO INC 3,504 3,504
XYLEM INC COM USD0.01 11,665 11,665
ZIMMER BIOMET HOLDINGS INC COM 10,345 10,345
ZOETIS INC 10,658 10,658
ZOOM VIDEO COMMUNICATIONS INC CL A 5,465 5,465
AMDOCS LTD ORD GBP0.01 7,760 7,760
AON PLC SHS CL A COM USD0.01 25,610 25,610
AXIS CAP HLDGS LTD SHS 5,898 5,898
ACCENTURE PLC 13,335 13,335
EVEREST GROUP LTD COM STK USD0.01 5,304 5,304
FERGUSON PLC ORD GBP0.10 16,080 16,080
GENPACT LIMITED COM STK USD0.01 7,969 7,969
GLOBALFOUNDRIES INC COM USD0.02 4,909 4,909
ICON PLC ORD EUR0.06 10,474 10,474
JOHNSON CONTROLS INTERNATIONAL PLC COM USD1.00 18,618 18,618
MEDTRONIC PLC 41,108 41,108
APTIV PLC COM USD0.01 ISIN #JE00B783TY65 SEDOL #B783TY6 10,049 10,049
NVENT ELECTRIC PLC COM USD0.01 4,532 4,532
RENAISSANCERE HLDGS LTD COM 4,711 4,711
STERIS PLC ORD USD0.001 6,402 6,402
WHITE MTNS INS GROUP LTD COM 7,525 7,525
WILLIS TOWERS WATSON PLC COM USD0.000304635 11,861 11,861
TE CONNECTIVITY LTD COM CHF0.57 11,943 11,943
NXP SEMICONDUCTORS NV 11,484 11,484
ALEXANDRIA REAL ESTATE EQUITIES COM USD0.01 5,324 5,324
AMERICAN TOWER CORP NEW COM 8,203 8,203
AMERICOLD REALTY TRUST INC COM 4,078 4,078
ANNALY CAPITAL MANAGEMENT INC COM NEW 6,976 6,976
AVALONBAY COMMUNITIES INC COM USD0.01 11,874 11,874
CROWN CASTLE INC COM 17,394 17,394
DIGITAL REALTY TRUST INC 12,920 12,920
EQUINIX INC COM 15,302 15,302
EQUITY RESIDENTIAL SBI USD0.01 11,335 11,335
ESSEX PROPERTY TRUST INC COM USD0.0001 5,951 5,951
EXTRA SPACE STORAGE INC 10,435 10,435
HEALTHPEAK PROPERTIES INC COM 6,849 6,849
HOST HOTELS &RESORTS INC COM 6,853 6,853
INVITATION HOMES INC COM 7,068 7,068
MID-AMER APT CMNTYS INC COM 5,244 5,244
OMEGA HEALTHCARE INVESTORS INC 3,219 3,219
PROLOGIS INC. COM 36,658 36,658
SBA COMMUNICATIONS CORP NEW CL A 7,659 7,659
STARWOOD PPTY TR INC COM 4,792 4,792
SUN COMMUNITIES INC 4,010 4,010
WP CAREY INC COM 4,051 4,051
WELLTOWER INC COM 17,178 17,178
ALPHABET INC CAP STK CL C 207,449 207,449
AMAZON.COM INC 247,814 247,814
ELEVANCE HEALTH INC COM 94,312 94,312
BAYER AG SPON ADR EACH REP 0.25 ORD SHS 49,537 49,537
CAPITAL ONE FINANCIAL CORP COM USD0.01 86,670 86,670
CHARTER COMMUNICATIONS INC NEW CL A 19,045 19,045
COMCAST CORP 92,830 92,830
CONOCOPHILLIPS COM 184,900 184,900
META PLATFORMS INC CLASS A COMMON STOCK 183,351 183,351
GENERAL ELECTRIC CO COM NEW 133,884 133,884
GOLDMAN SACHS GROUP INC COM USD0.01 126,918 126,918
HILTON WORLDWIDE HLDGS INC 69,740 69,740
LIBERTY BROADBAND CORP COM SER A 41,368 41,368
LIBERTY BROADBAND CORP COM SER C 36,910 36,910
MARRIOTT INTERNATIONAL INC COM USD0.01 CLASS A 66,751 66,751
MICROSOFT CORP 229,008 229,008
NETFLIX INC 127,563 127,563
OCCIDENTAL PETE CORP COM 20,182 20,182
PROSUS N.V. SPON ADR EACH REP 0.20 ORD SHS 57,578 57,578
SHELL PLC SPON ADS EA REP 2 ORD SHS 155,617 155,617
SAFRAN SA UNSPON ADR EA REP 0.25 ORD 122,726 122,726
SAP ADR REP 1 ORD 86,570 86,570
TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS 76,336 76,336
UNITEDHEALTH GROUP INC 108,453 108,453
VISA INC 40,615 40,615
WELLS FARGO CO NEW COM 125,511 125,511
WOODWARD INC COM 53,907 53,907
AON PLC SHS CL A COM USD0.01 67,517 67,517
AERCAP HOLDINGS N.V. EUR0.01 114,527 114,527
EA SERIES TRUST BUSHIDO CAP U S 2,009,016 2,009,016
MOSAIC CO NEW COM 249 249
QUALCOMM INC 557 557
EA SERIES TRUST BUSHIDO CAP U S 847,320 847,320
GLOBAL X FDS MSCI GREECE ETF 44,412 44,412
ISHARES MSCI SPAIN ETF 44,613 44,613
ISHARES MSCI MEXICO ETF 48,308 48,308
ISHARES MSCI POLAND ETF 47,598 47,598
ISHARES MSCI ITALY ETF 44,339 44,339
PACER FDS TR DEVELOPED MRKT 278,094 278,094
ABR 75/25 VOLATILITY FUND INSTL 73,639 73,639
ALIBABA GROUP HOLDING LTD SPON ADS 13,177 13,177
ALPHABET INC CAP STK CL C 58,345 58,345
ALPHABET INC CAP STK CL A 65,794 65,794
AMAZON.COM INC 103,927 103,927
AUTODESK INC 59,896 59,896
BOEING CO 107,913 107,913
DEERE & CO 11,739 11,739
DISNEY WALT CO COM 54,084 54,084
EXPEDITORS INTERNATIONAL OF WASHINGTON INC 31,656 31,656
META PLATFORMS INC CLASS A COMMON STOCK 149,017 149,017
FACTSET RESEARCH SYSTEMS INC 30,375 30,375
ILLUMINA INC COM USD0.01 25,899 25,899
INTUITIVE SURGICAL INC 25,639 25,639
MICROSOFT CORP 98,367 98,367
MONSTER BEVERAGE CORP NEW COM 59,799 59,799
NETFLIX INC 82,283 82,283
NOVARTIS AG SPONSORED ADR 24,895 24,895
NOVO NORDISK A/S ADR-EACH CNV INTO 1 CLASS B DKK1 38,106 38,106
NVIDIA CORPORATION COM 142,219 142,219
ORACLE CORP 79,982 79,982
PAYPAL HLDGS INC COM 16,888 16,888
QUALCOMM INC 34,284 34,284
REGENERON PHARMACEUTICALS INC 43,915 43,915
ROCHE HOLDINGS ADR 20,180 20,180
SEI INVTS CO COM 23,236 23,236
SALESFORCE INC COM 64,206 64,206
SANDOZ GROUP AG SPON ADS EACH REP 1 COM SHS 1,568 1,568
SHOPIFY INC COM NPV CL A ISIN #CA82509L 38,950 38,950
BLOCK INC CL A 20,807 20,807
STARBUCKS CORP COM USD0.001 33,279 33,279
TESLA INC COM 95,168 95,168
THERMO FISHER SCIENTIFIC INC 27,085 27,085
VERTEX PHARMACEUTICALS INC 52,489 52,489
VISA INC 108,421 108,421
WORKDAY INC COM USD0.001 CL A 22,361 22,361
YUM! BRANDS INC 22,567 22,567
YUM CHINA HLDGS INC COM 8,410 8,410
AIR PRODUCTS AND CHEMICALS INC 82,297 82,297
ALTRIA GROUP INC 49,409 49,409
APPLE INC 141,965 141,965
BERKSHIRE HATHAWAY INC COM USD0.0033 CLASS B 101,648 101,648
BLACKROCK INC COM USD0.01 107,713 107,713
CHEVRON CORP NEW COM 73,394 73,394
CINCINNATI FINANCIAL CORP COM USD2.00 50,000 50,000
CISCO SYSTEMS INC 67,977 67,977
COMCAST CORP 51,234 51,234
DIAGEO ADR EACH REPR 4 ORD GBX28.935185 65,028 65,028
DOMINION ENERGY INC COM 51,079 51,079
FASTENAL COM STK USD0.01 80,151 80,151
FIDELITY NATL INFORMATION SERVICES COM USD0.01 68,682 68,682
JOHNSON &JOHNSON COM USD1.00 88,982 88,982
LOWES COMPANIES INC COM USD0.50 94,496 94,496
MERCK &CO. INC COM 86,431 86,431
MICROSOFT CORP 102,529 102,529
NESTLE ADR 50,415 50,415
NINTENDO CO LTD UNSP ADS EACH REP 0.25 ORD SHS 53,493 53,493
NORFOLK SOUTHN CORP COM 96,862 96,862
NORTHROP GRUMMAN CORP COM USD1 62,036 62,036
PAYCHEX INC COM USD0.01 73,736 73,736
PHILIP MORRIS INTERNATIONAL INC COM NPV 85,512 85,512
PROGRESSIVE CORP COM 76,485 76,485
SCHWAB CHARLES CORP COM 73,597 73,597
STARBUCKS CORP COM USD0.001 83,148 83,148
TEXAS INSTRUMENTS INC COM USD1.00 105,815 105,815
UNITED PARCEL SERVICE INC CL B 72,222 72,222
VERIZON COMMUNICATIONS INC 43,673 43,673
CROWN CASTLE INC COM 62,166 62,166

TY 2023 InvestmentsGovtObligationsSch
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
US Government Securities - End of Year Book Value:

1,792,125
US Government Securities - End of Year Fair Market Value:

1,792,125
State & Local Government Securities - End of Year Book Value:


1,031,216
State & Local Government Securities - End of Year Fair Market Value:


1,031,216


TY 2023 InvestmentsOtherSchedule2
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SLP IV Technology Fund FMV 670,422 670,422
CSP III Distressed Opp Fund FMV 31,658 31,658
Blackstone Strategic Partners LP FMV 82,054 82,054
Sorenson Capital III LP AT COST 26,273 371,727
Catchafire Inc AT COST 125,195 125,195
LS Real Estate Recovery IV Trust FMV 68,691 68,691
Czech III Senior Loan Trust FMV 368,334 368,334
Turner-Agassi Educational Facilities FMV 97,912 97,912
Unitus Capital AT COST 250,000 358,500
Sepio NPL Fund AT COST 229,790 399,125
Advanced Trade Growth Fund AT COST 1,308,620 1,452,563
Rose Affordable Housing Fund V AT COST 250,400 220,773
Bridge Workforce & Affordable Housing Fund AT COST 162,546 159,638
FutureFit AI Corp AT COST 125,000 125,000
GMO Dislocation Fund AT COST 1,525,000 1,853,066
Sorenson Capital Partners IV-B AT COST 346,733 430,438
CIM Loan Fund AT COST 2,265,308 2,500,000
Community EM Credit Fund AT COST 2,337,539 2,500,000
Generation IM Global Fund AT COST 3,000,000 3,837,508
Impactive Capital AT COST 2,500,000 2,648,424
Urban Innovation Select Fund I AT COST 240,000 233,035
Rose Affordable Housing Fund VI AT COST 17,500 11,574
Firework Ventures AT COST 416,062 731,474
Bronze Venture Fund II AT COST 355,000 788,674

TY 2023 LegalFeesSchedule
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal 126,689 0   126,689


TY 2023 OtherAssetsSchedule
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Program related investments 4,285,715 5,345,450 5,345,450


TY 2023 OtherExpensesSchedule
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bank charges 105 0   0
Office expense 38 0   0


TY 2023 OtherIncomeSchedule2
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Passthrough income 143,435 182,884 143,435


TY 2023 OtherIncreasesSchedule
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Description Amount
Unrealized appreciation 2,931,475


TY 2023 OtherProfessionalFeesSchedule
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment advisory fees 219,367 219,367   0


TY 2023 TaxesSchedule
Name:
James Lee Sorenson Family Foundation
EIN:
45-6794415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal taxes 66,304 0   0
Foreign taxes 2,905 2,905   0