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
Calumet Education Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 2085
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Augusta, ME04338
A Employer identification number

01-6023503
B Telephone number (see instructions)

(207) 623-8211
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$3,483,456J Accounting method:
Modified Cash
(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) 212,755
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 92,272 92,272  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,583
b Gross sales price for all assets on line 6a 808,623
7 Capital gain net income (from Part IV, line 2)... 14,583
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 319,610 106,855  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,000 0   3,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
16,389 16,389   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,926 0   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
1,424 0   1,424
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 23,739 16,389   4,424
25 Contributions, gifts, grants paid....... 190,050 145,050
26 Total expenses and disbursements. Add lines 24 and 25 213,789 16,389   149,474
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 105,821
b Net investment income (if negative, enter -0-) 90,466
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............. 65,927 19,992 19,992
2 Savings and temporary cash investments......... 143,190 290,370 290,370
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) 515,656 Click to see attachment
List of Attached Documents:
// Content
548,873 		548,873
b Investments—corporate stock (attach schedule)....... 1,967,535 Click to see attachment
List of Attached Documents:
// Content
2,073,980 		2,073,980
c Investments—corporate bonds (attach schedule)....... 561,821 Click to see attachment
List of Attached Documents:
// Content
550,241 		550,241
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,254,129 3,483,456 3,483,456
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 8,350 0
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
50,000 		Click to see attachment
List of Attached Documents:
// Content
45,000
23 Total liabilities (add lines 17 through 22)......... 58,350 45,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 704,861 145,334
25 Net assets with donor restrictions............ 2,490,918 3,293,122
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 3,195,779 3,438,456
30 Total liabilities and net assets/fund balances (see instructions). 3,254,129 3,483,456
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
3,195,779
2
Enter amount from Part I, line 27a .....................
2
105,821
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
136,856
4
Add lines 1, 2, and 3 ..........................
4
3,438,456
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
3,438,456
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 Capital Gains Dividends P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 795,770   794,040 1,730
b 12,853     12,853
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,730
b       12,853
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 14,583
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 1,257
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 1,257
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 1,257
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,760
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 1,760
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 503
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow503 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
Yes
 
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 arrowME
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.calumeteducationfoundation.org
14
The books are in care ofright arrowNicolas Patenaude Telephone no.right arrow (207) 622-5801

Located atright arrow150 State StreetAugustaME ZIP+4right arrow04332
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
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
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Katherine Boucher President
1.00 		0 0 0
PO Box 2085
Augusta,ME04338
Debbie Tondreau Secretary
1.00 		0 0 0
PO Box 2085
Augusta,ME04338
Nicolas Patenaude Treasurer
1.00 		0 0 0
PO Box 2085
Augusta,ME04338
Patrick Paradis 1st Vice President
1.00 		0 0 0
PO Box 2085
Augusta,ME04338
Michael McKenney 2nd Vice President
1.00 		0 0 0
PO Box 2085
Augusta,ME04338
Jeff Rancourt Grants Officer
1.00 		0 0 0
PO Box 2085
Augusta,ME04338
Daniel Peterson Legal Officer
1.00 		0 0 0
PO Box 2085
Augusta,ME04338
Clay Hoffman Scholarship Officer
1.00 		0 0 0
PO Box 2085
Augusta,ME04338
Melanie Baillargeon Trustee
0.10 		0 0 0
PO Box 2085
Augusta,ME04338
Tammy Caron-Gagne Trustee
0.10 		0 0 0
PO Box 2085
Augusta,ME04338
Stacey Charest Trustee
0.10 		0 0 0
PO Box 2085
Augusta,ME04338
Carol Gilbert-Tondreau Trustee
0.10 		0 0 0
PO Box 2085
Augusta,ME04338
Angela Hardy Trustee
0.10 		0 0 0
PO Box 2085
Augusta,ME04338
Monique Lemieux Trustee
0.10 		0 0 0
PO Box 2085
Augusta,ME04338
Alison Conley Trustee
0.10 		0 0 0
PO Box 2085
Augusta,ME04338
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
3,137,741
b
Average of monthly cash balances.......................
1b
172,712
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
3,310,453
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
3,310,453
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
49,657
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,260,796
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
163,040
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
163,040
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,257
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,257
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
161,783
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
161,783
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
161,783
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
149,474
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
149,474
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 7 161,783
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 5,781
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$ 149,474
a Applied to 2022, but not more than line 2a 5,781
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..... 143,693
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 .......... 		18,090
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).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Calumet Education Foundation
PO Box 2085
Augusta,ME04332
(207) 622-5861
bThe form in which applications should be submitted and information and materials they should include:
Applications available on Organization's website.
cAny submission deadlines:
April 15
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Calumet Education Foundation
PO Box 2085
Augusta,ME04338
(207) 622-5861
bThe form in which applications should be submitted and information and materials they should include:
Applications available on Organization's website.
cAny submission deadlines:
August 15th
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Grant applicants must be within three years of a final degree of a four year program, or within four years of a final degree of a five year program, or within the first year of a two year program from an accredited school. Students must reside within the boundaries of Zip Codes 04300 to 04399, or be a member of Le Club Calumet or a son/daughter of a member.
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

Piper Kollman-Veit - University of Maine

168 College Ave
Orono,ME04469 		N/A I Grant - Higher Ed Exp 1,400

Andrew Rancourt - NYU

70 Washington Sq S
New York,NY10012 		N/A I Grant - Higher Ed Exp 1,400

Cade Parker - Fordham Univ

441 E Forham Rd
Bronx,NY10458 		N/A I Grant - Higher Ed Exp 1,400

Andrew Lemieux - UNE

716 Stevens Ave
Portland,ME04103 		N/A I Grant - Higher Ed Exp 1,400

Hayley Hayward - University of Maine

168 College Ave
Orono,ME04103 		N/A I Grant - Higher Ed Exp 1,400

Andrew Guiou - Saint Josephs

278 Whites Bridge Rd
Standish,ME04084 		N/A I Grant - Higher Ed Exp 1,400

Megan Lucarelli - Husson

1 College Circle
Bangor,ME04401 		N/A I Grant - Higher Ed Exp 1,400

Jacob Pelletier - Saint Josephs

278 Whites Bridge Rd
Standish,ME04084 		N/A I Grant - Higher Ed Exp 1,400

Ryan Peletier - Husson

1 College Circle
Bangor,ME04401 		N/A I Grant - Higher Ed Exp 1,400

Spencer Soiett - Univ Of ME Farmington

224 Main St
Farmington,ME04938 		N/A I Grant - Higher Ed Exp 1,400

Brayden Barbeau - Husson

1 College Circle
Bangor,ME04401 		N/A I Grant - Higher Ed Exp 1,400

Ashlynn Lund - Univ Of ME Augusta

46 University Dr
Augusta,ME04330 		N/A I Grant - Higher Ed Exp 2,200

Riley Hayward - University of Maine

168 College Ave
Orono,ME04469 		N/A I Grant - Higher Ed Exp 2,200

Samuel Minor - University of Maine

168 College Ave
Orono,ME04469 		N/A I Grant - Higher Ed Exp 2,200

Michael Tamborini - Rochester Institute of Technology

113 Lomb Memorial Dr
Rochester,NY14623 		N/A I Grant - Higher Ed Exp 2,200

Jack Rodrigue - Boston Univ

1 Silber Way
Boston,MA02215 		N/A I Grant - Higher Ed Exp 2,200

Ian Stebbins - Bowdoin College

255 Maine St
Brunswick,ME04011 		N/A I Grant - Higher Ed Exp 2,200

Sam Sheaffer - Bates College

2 Andrews Rd
Lewiston,ME04240 		N/A I Grant - Higher Ed Exp 2,200

Cooper Swan - University of Southern Maine

96 Falmouth St
Portland,ME04103 		N/A I Grant - Higher Ed Exp 2,200

Corbin Eldridge - Thomas College

180 W River Rd
Waterville,ME04901 		N/A I Grant - Higher Ed Exp 2,200

Hannah Richardson - Liberty Univ

1971 University Blvd
Lynchburg,VA24515 		N/A I Grant - Higher Ed Exp 2,200

Mandy Cooper - Northeastern Univ

360 Huntington Ave
Boston,MA02115 		N/A I Grant - Higher Ed Exp 2,200

Joshua Nadeau - Husson

1 College Circle
Bangor,ME04401 		N/A I Grant - Higher Ed Exp 3,450

Ella Candage - University of Maine

168 College Ave
Orono,ME04469 		N/A I Grant - Higher Ed Exp 3,450

Julia White - University of New England

716 Stevens Ave
Portland,ME04103 		N/A I Grant - Higher Ed Exp 3,450

Megan Grenier - Husson

1 College Circle
Bangor,ME04401 		N/A I Scholarship - Higher Ed Exp 2,000

Azabell Assaf - Husson

1 College Circle
Bangor,ME04401 		N/A I Scholarship - Higher Ed Exp 5,000

Jordan Locsin - Maine College of Art & Design

52 Congress St
Portland,ME04101 		N/A I Scholarship - Higher Ed Exp 1,100

Jordan Locsin - Maine College of Art & Design

52 Congress St
Portland,ME04101 		N/A I Scholarship - Higher Ed Exp 500

French Club - Cony High School

60 Pierce Dr
Augusta,ME04330 		N/A I Scholarship - Higher Ed Exp 200

Shyla Woodford - Southern Maine Community College

2 Fort Rd
South Portland,ME04106 		N/A I Scholarship - Higher Ed Exp 700

Madison Chavarie - St Joseph's College

278 Whites Bridge Rd
Standish,ME04084 		N/A I Scholarship - Higher Ed Exp 800

Davis Kibler - Southern Maine Community College

2 Fort Rd
South Portland,ME04106 		N/A I Scholarship - Higher Ed Exp 800

Nathan Lefebre - University of Maine

168 College Ave
Orono,ME04469 		N/A I Scholarship - Higher Ed Exp 5,800

Avery Theriault - Marion Military Institute

1101 Washington St
Marion,AL36756 		N/A I Scholarship - Higher Ed Exp 1,000

Olivia Harden - University of Maine

168 College Ave
Orono,ME04469 		N/A I Scholarship - Higher Ed Exp 3,380

Kaitlyn Henry - Wheaton

26 E Main St
Norton,MA02766 		N/A I Scholarship - Higher Ed Exp 3,380

Jasmyne Mills - Stonehill

320 Washington St
North Easton,MA02357 		N/A I Scholarship - Higher Ed Exp 3,380

Drew Parker - Southern Maine Community College

2 Fort Rd
South Portland,ME04106 		N/A I Scholarship - Higher Ed Exp 3,380

Gabrielle White - Wheaton

26 E Main St
Norton,MA02766 		N/A I Scholarship - Higher Ed Exp 3,380

Brooke Belz - University of Maine

168 College Ave
Orono,ME04469 		N/A I Scholarship - Higher Ed Exp 750

Esme Jamison - University of New England

716 Stevens Ave
Portland,ME04103 		N/A I Scholarship - Higher Ed Exp 1,500

Mackenzie Toner - Thomas College

180 W River Rd
Waterville,ME04901 		N/A I Scholarship - Higher Ed Exp 750

Kara Briand - University of Maine

168 College Ave
Orono,ME04469 		N/A I Scholarship - Higher Ed Exp 500

Allie Labelle - University of Maine

168 College Ave
Orono,ME04469 		N/A I Scholarship - Higher Ed Exp 3,700

Esme Jamison - University of New England

716 Stevens Ave
Portland,ME04103 		N/A I Scholarship - Higher Ed Exp 11,250

Donna Nadeau - Thomas College

180 W River Rd
Waterville,ME04901 		N/A I Scholarship - Higher Ed Exp 11,250

Abigail Pelletier - University of Maine Farmington

224 Main St
Farmington,ME04938 		N/A I Scholarship - Higher Ed Exp 11,250

Erin Richardson - Gordon College

255 Grapevine Rd
Wehham,MA01984 		N/A I Scholarship - Higher Ed Exp 11,250

Jacob Rousseau - Maine Maritime Academy

1 Pleasant St
Castine,ME04421 		N/A I Scholarship - Higher Ed Exp 1,100

Kameron Douin - Colby

4000 Mayflower Hill
Waterville,ME04901 		N/A I Scholarship - Higher Ed Exp 1,500

Nicolas Wilson - CMCC

1250 Turner St
Auburn,ME04210 		N/A I Scholarship - Higher Ed Exp 500

Alexander Trafton - Bentley

175 Forest St
Waltham,MA02452 		N/A I Scholarship - Higher Ed Exp 3,000

Lisa Yankee - Univ Of ME Augusta

46 University Dr
Augusta,ME04330 		N/A I Scholarship - Higher Ed Exp 500

Ashley Tobias - University of Southern Maine

96 Falmouth St
Portland,ME04103 		N/A I Scholarship - Higher Ed Exp 1,500
Total .................................right arrow 3a 145,050
bApproved for future payment

Esme Jamison - University of New England
716 Stevens Ave
Portland,ME04103 		N/A I Scholarship - Higher Ed Exp 11,250

Donna Nadeau - Thomas College
180 W River Rd
Waterville,ME04901 		N/A I Scholarship - Higher Ed Exp 11,250

Abigail Pelletier - University of Maine Farmington
224 Main St
Farmington,ME04938 		N/A I Scholarship - Higher Ed Exp 11,250

Erin Richardson - Gordon College
255 Grapevine Rd
Wehham,MA01984 		N/A I Scholarship - Higher Ed Exp 11,250
Total ................................. right arrow 3b 45,000
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 92,272  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 14,583  
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) .. 0 106,855 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
106,855
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

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

01-6023503
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
Calumet Education Foundation
  		Employer identification number
01-6023503
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Robert G Fuller Jr
 
11215 Seven Locks Road Apt 300
 
Potomac, MD208543260

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Jerre Buxton
 
191 Young Rd
 
Augusta, ME04330

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Calumet Education Foundation
  		Employer identification number

01-6023503
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Calumet Education Foundation
  		Employer identification number

01-6023503
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
Calumet Education Foundation
EIN:
01-6023503
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 3,000 0   3,000

TY 2023 InvestmentsCorpBondsSchedule
Name:
Calumet Education Foundation
EIN:
01-6023503
Name of Bond End of Year Book Value End of Year Fair Market Value
25000 SHR 3M Co 2.00% Due 02/14/25 '25 23,984 23,984
10000 SHR Amazon Inc 3.3% due 04/13/2027 9,717 9,717
15000 SHR Amazon.com Inc 2.80% due 08/22/2024 14,774 14,774
10000 SHR Bank of America Corp 2.087% due 06/14/29 '28 8,811 8,811
15000 SHR Berkshire Hathaway Inc 3.125% 3/15/26 14,570 14,570
10000 SHR Blackrock Inc MTN DTD 3/18/14 3.5% Due 3/18/24 9,953 9,953
10000 SHR Caterpiller Financial Services 2.150% 11/08/24 9,752 9,752
15000 SHR Cigna Group 5.685% due 03/15/2026 15,026 15,026
15000 SHR Deere John Capital Corp 13,823 13,823
20000 SHR Fifth Third Bancorp 6.361% due 10/27/2028 20,728 20,728
15000 SHR Intel Corp 2.45% Due 11/15/2029 13,504 13,504
15000 SHR Intercontinental Exchange Inc. 4.35% due 06/15/2029 14,951 14,951
10000 SHR Microsoft Corp 3.3% 2/6/27 9,741 9,741
15000 SHR ORCL 2.65% due 07/15/2026 14,219 14,219
30000 SHR PNC Financial Services Group Inc 6.037% due 10/28/33 31,314 31,314
10000 SHR Salesforce.com Inc 3.7% Due 4/11/2028 9,792 9,792
30000 SHR Sysco Corp Sr Nt 5.95% due 04/01/2030 31,795 31,795
10000 SHR Target Corp 2.5% Due 04/15/2026 9,613 9,613
15000 SHR Unitedhealth Group Inc 2.00% due 05/15/30 12,965 12,965
10000 SHR Walls Fargo Co 3.55% due 09/29/2025 9,776 9,776
7185.264 SHR Principal Spectrum Preferred & Cap Sec Inc Fund (Mstar****) 63,374 63,374
9596.357 SHR Fidelity Interm Trs Bd Idx Instl Prm (Mstar***) 93,565 93,565
9337.316 SHR Fidelity Short-Term Treasury Bond Index Fund (Mstar***) 94,494 94,494

TY 2023 InvestmentsCorpStockSchedule
Name:
Calumet Education Foundation
EIN:
01-6023503
Name of Stock End of Year Book Value End of Year Fair Market Value
2403.539 SHR American Europacific Growth (Mstar ***) 131,618 131,618
2098.566 SHR Invesco Oppenheimer Developing Markets I (Mstar ***) 80,942 80,942
2175.228 SHR Clearbridge Intl Growth Fund (Mstar ***) 132,580 132,580
5912.736 SHR Touchstone Sands Cap Emg Mrkts Growth Fd Inst (Mstar ****) 82,897 82,897
1330.126 SHR T. Rowe Price Mid-Cap Growth I (Mstar ***) 133,346 133,346
4493.108 SHR MFS Mid Cap Value Fund (Mstar ****) 138,343 138,343
1407.884 SHR Cohen & Steers Instl Realty Shs (Mstar *****) 65,368 65,368
1621.272 SHR Vanguard Small Cap Index Admiral (Mstar ****) 167,542 167,542
110 SHR 3M CO 12,025 12,025
268 SHR Abbvie Inc. 41,532 41,532
59 SHR Air Products & Chemicals, Inc. 16,154 16,154
177 SHR Allstate Corp 24,777 24,777
115 SHR Ameriprise Financial Inc 43,680 43,680
187 SHR Chevron Corp. 27,893 27,893
505 SHR Cisco Systems Inc. 25,513 25,513
334 SHR Corning Inc 10,170 10,170
310 SHR Crown Castle Intl Corp 35,709 35,709
328 SHR Digital Realty Trust, Inc 44,142 44,142
290 SHR Dominion Energy, Inc. 13,630 13,630
388 SHR Dow Inc 21,278 21,278
174 SHR Duke Energy Corp 16,885 16,885
675 SHR Fifth Third Bancorp 23,281 23,281
283 SHR Hasbro Inc. 14,450 14,450
115 SHR Honeywell Intl Inc. 24,117 24,117
1345 SHR Huntington Bancshares, Inc. 17,108 17,108
270 SHR JP Morgan Chase & Co. 45,927 45,927
160 SHR Johnson & Johnson 25,078 25,078
74 SHR Lockhead Martin Corp 33,540 33,540
98 SHR McDonald's Corp 29,058 29,058
296 SHR Merck & Co. Inc 32,270 32,270
85 SHR Microsoft Corp 31,963 31,963
197 SHR Pepsi Co, Inc. 33,459 33,459
387 SHR Pfizer Inc 11,142 11,142
341 SHR Phillip Morris Intl, Inc 32,081 32,081
204 SHR Procter & Hamble Co 29,894 29,894
194 SHR Prologis Inc 25,860 25,860
255 SHR Prudential Financial Inc 26,446 26,446
302 SHR Qualcomm Inc 43,678 43,678
184 SHR Quest Diagnostics Inc 25,370 25,370
223 SHR Starbucks Corp 21,410 21,410
198 SHR Target Corp 28,199 28,199
698 SHR Truist Financial Corporation 25,770 25,770
166 SHR Union Pacific Corp 40,773 40,773
728 SHR Verizon Communications Inc 27,446 27,446
1294 SHR Williams Companies Inc 45,070 45,070
475 SHR British American Tobacco 13,913 13,913
574 SHR Embridge Inc 20,675 20,675
367 SHR Medtronic PLC 30,233 30,233
272 SHR Novartis AG 27,464 27,464
570 SHR TC Energy Corp 22,281 22,281

TY 2023 InvestmentsGovtObligationsSch
Name:
Calumet Education Foundation
EIN:
01-6023503
US Government Securities - End of Year Book Value:

548,873
US Government Securities - End of Year Fair Market Value:

548,873
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 OtherExpensesSchedule
Name:
Calumet Education Foundation
EIN:
01-6023503
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Miscellaneous 511 0   511
Office Supplies 317 0   317
Postage 53 0   53
Website Costs 543 0   543


TY 2023 OtherIncreasesSchedule
Name:
Calumet Education Foundation
EIN:
01-6023503
Description Amount
Prior Period Book Adjustment 5,000
Unrealized Gains on Investments 131,856


TY 2023 OtherLiabilitiesSchedule
Name:
Calumet Education Foundation
EIN:
01-6023503
Description Beginning of Year - Book Value End of Year - Book Value
Scholarships Payable 50,000 45,000


TY 2023 OtherProfessionalFeesSchedule
Name:
Calumet Education Foundation
EIN:
01-6023503
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Trustee & Investment Fees 16,389 16,389   0


TY 2023 TaxesSchedule
Name:
Calumet Education Foundation
EIN:
01-6023503
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise Taxes 2,926 0   0