TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
SYLVAN OAKS FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)2803 GULF TO BAY BLVD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CLEARWATER, FL33759

A Employer identification number

47-1968649

B Telephone number (see instructions)

(727) 343-0631

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$14,073,459J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	42,775		42,775	42,775
4	Dividends and interest from securities...	203,998		203,998	203,998
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10	List of Attached Documents: // Content	-24,362
b	Gross sales price for all assets on line 6a 764,968
7	Capital gain net income (from Part IV, line 2)...			417
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).......	List of Attached Documents: // Content	18,088	15,088	18,088
12	Total. Add lines 1 through 11........	240,499		262,278	264,861
13	Compensation of officers, directors, trustees, etc.	66,000
14	Other employee salaries and wages......	39,417
15	Pension plans, employee benefits.......	10,542
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	3,204
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	9,850
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	10,656	2,592
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........	820
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	37,226	33,688
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	177,715		36,280		0
25	Contributions, gifts, grants paid.......	363,320				363,320
26	Total expenses and disbursements. Add lines 24 and 25	541,035		36,280		363,320
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-300,536
b	Net investment income (if negative, enter -0-)			225,998
c	Adjusted net income (if negative, enter -0-)...				264,861

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	185,477	416,680	416,680
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)		List of Attached Documents: // Content 3,009,444	3,012,176
	b	Investments—corporate stock (attach schedule).......	7,502,926	List of Attached Documents: // Content 3,749,255	10,644,603
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	7,688,403	7,175,379	14,073,459
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		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	7,688,403	7,175,379
	29	Total net assets or fund balances (see instructions).....	7,688,403	7,175,379
	30	Total liabilities and net assets/fund balances (see instructions).	7,688,403	7,175,379

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

7,688,403

Enter amount from Part I, line 27a .....................

-300,536

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

7,387,867

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

212,488

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

7,175,379

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.)
1a
b
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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	417
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	3,141
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	3,141
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,141
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	4,400
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	4,400
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	33
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,226
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax1,226	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

MARK HEIN Telephone no. right arrow

(727) 343-0631

Located at right arrow

2803 GULF TO BAY BLVD UNIT 510CLEARWATERFL ZIP+4 right arrow

33759

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(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)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
MARK HEIN	DIR, PRES 20.00	33,000
2803 GULF TO BAY BLVD UNIT 510 CLEARWATER,FL33759	DIR, PRES 20.00	33,000
VICKI HEIN	DIR, SEC, VP 20.00	33,000
2803 GULF TO BAY BLVD UNIT 510 CLEARWATER,FL33759	DIR, SEC, VP 20.00	33,000

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...................

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


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	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

10,567,116

Average of monthly cash balances.......................

231,449

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

10,798,565

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

10,798,565

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

161,978

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

10,636,587

Minimum investment return. Enter 5% (0.05) of line 5................

531,829

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.)

Minimum investment return from Part IX, line 6..................

531,829

Tax on investment income for 2022 from Part V, line 5.......

3,141

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

3,141

Distributable amount before adjustments. Subtract line 2c from line 1............

528,688

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

528,688

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

528,688

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

363,320

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

363,320

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			528,688
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......	209,255
b From 2019......	133,959
c From 2020......	151,844
d From 2021......
e From 2022......
f Total of lines 3a through e ........		495,058
4Qualifying distributions for 2023 from Part
XI, line 4: $ 363,320
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....			363,320
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2023.		165,368	165,368
(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		329,690
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		43,887
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		285,803
10 Analysis of line 9:
a Excess from 2019....	133,959
b Excess from 2020....	151,844
c Excess from 2021....
d Excess from 2022....
e Excess from 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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
B SHEAD 1504 S SMITH ST CHATTANOOGA,TN37412	NONE	I	COLLEGE SCHOLARSHIP PROGRAM	1,865
DG JOHNSON 40 TIGER SPRINGS COURT TIGER,GA30576	NONE	I	COLLEGE SCHOLARSHIP PROGRAM	23,393
S MARTINEZ U OF F 222 CRISER HALL POB 114000 GAINESVILLE,FL32611	NONE	I	COLLEGE SCHOLARSHIP PROGRAM	1,700
W CLARK 425 S VILLA SAN MARCO DR APT 206 SAINT AUGUSTINE,FL32086	NONE	I	COLLEGE SCHOLARSHIP PROGRAM	56,106
A GOULBOURNE 3415 CARDINAL FEATHER DR LAND O LAKES,FL34638	NONE	I	COLLEGE SCHOLARSHIP PROGRAM	6,288
G SHEGOTA 1323 SYCAMORE TERRACE BOCA RATON,FL33486	NONE	I	COLLEGE SCHOLARSHIP PROGRAM	18,140
CLOTHES TO KIDS INC 1059 N HERCULES AVE CLEARWATER,FL33765	N/A	PC	GENERAL PURPOSE	188,512
GA LAW ENFORCEMENT ORGANIZATION 909 SUMMIT CROSSING WAY CUMMING,GA30041	NONE	PC	DEPUTY HOLTZCLAW	1,000
TISBEST PHILANTHROPY 5950 6TH AVE S STE111 SEATTLE,WA98108	N/A	PC	GERNERAL PURPOSE	12,234
TOHETHER WE CAN DO GREAT THINGS PO BOX 1712 FRANKLIN,NC28744	NONE	PC	GENERAL PURPOSE	15,847
J CONTINO 301 CIRCLE R DRIVE BENTON,TN37307	NONE	I	EMERGENCY GRANT	33,600
R CONTINO 5912 WATERTON COURT GAINESVILLE,GA30506	NONE	I	EMERGENCY GRANT	4,635
Total ................................. 3a				363,320

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	42,775
4 Dividends and interest from securities ....			14	203,998
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	15,088
8 Gain or (loss) from sales of assets other than inventory ............			18	-24,362
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aGRANTS RETURNED			25	3,000
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				240,499

13Total. Add line 12, columns (b), (d), and (e)..................

240,499

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

SYLVAN OAKS FOUNDATION INC

EIN:

47-1968649

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	9,850

- TIN:

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

TY 2023 GainLossSaleOtherAssetsSch

Name:

SYLVAN OAKS FOUNDATION INC

EIN:

47-1968649

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
MORGAN STANLEY ST COVERED SECURITIES		PURCHASE		120,942	121,741	-799
MORGAN STANLEY LT COVERED SECURITIES		DONATION		627,185	662,112	-34,927
AMC NETWORKS INC CL A	2006-03	PURCHASE	2023-06	835	1,200	-365
ATLANTA BRAVES HLDG INC SER C	2008-06	PURCHASE	2023-07	32	1	31
GCI LIBERTY INC CL A		PURCHASE	2023-07	30		30
LIBERTY MEDIA C SER A SIRIUSXM	2008-06	PURCHASE	2023-06	2,051	179	1,872
LIBERTY MEDIA COR SER A LBTY L	2008-06	PURCHASE	2023-08	18		18
LIBERTY MEDIA COR SER C LBRT L	2008-06	PURCHASE	2023-08	1,102	86	1,016
LIBERTY MEDIA COR SER C LBRT S	2008-06	PURCHASE	2023-09	3,139	245	2,894
SEAGATE TECHNOLOGY HLDNGS PLC	2006-12	PURCHASE	2023-12	9,217	3,766	5,451

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

SYLVAN OAKS FOUNDATION INC

EIN:

47-1968649

Name of Stock	End of Year Book Value	End of Year Fair Market Value
10X GENOMICS CLASS A
ABBVIE INC	28,369	57,494
ACCENTURE PLC IRELAND CL A	17,344	21,491
AIRBNB	19,411	22,327
AMC NETWORKS INC
AMCOR LTD ORD SHS	20,616	16,359
AMER INTERNATIONAL GROUP INC	5,750	9,892
AMERICAN ELECTRIC POWER INC	23,176	21,280
AMERICAN TOWER REIT INC	16,195	21,553
AMGEN INC	19,083	25,628
APOLLO GLOBAL MANAGEMENT, INC	30,608	60,574
APPLE INC	89,277	828,300
APPLIED MATERIALS INC	89,102	1,073,975
ASTRAZENECA PLC ADR	11,516	11,719
AT&T, INC	29,366	25,741
AUTODESK, INC	41,944	102,262
AVALONBAY CMNTYS INC	17,054	18,909
BANK OF AMERICA CORP		135
BAXTER INTERNATIONAL INC	3,687	4,081
BCE INC	35,595	30,835
BECTON DICKINSON & CO	25,796	27,309
BIOGEN INC	14,143	33,381
BLACKROCK INC	40,848	164,380
BLACKSTONE INC	189,065	1,191,372
BRITISH AMERICAN TOBACCO PLC	21,828	18,482
BROADCOM INC	17,103	146,229
CAN IMPERIAL BK OF COMMERCE	17,079	19,449
CAPITAL ONE FINANCIAL	10,068	14,030
CHARLES RIV LABORATORIES INTL INC	32,062	21,276
CHESAPEAKE ENERGY CORPORATION	3,402	3,698
CHEVRON CORP	16,818	16,109
CINTAS CORP	11,930	14,213
CISCO SYSTEMS INC	83,237	208,979
CLOROX CO
COCA COLA CO	31,836	38,128
COMCAST CORP	44,942	81,079
CONAGRA FOODS INC	18,064	14,989
CROWDSTRIKE HOLDINGS, INC	43,092	63,319
CROWN CASTLE INTL	28,107	21,080
DIAGEO PLC ADS	35,958	29,715
DIGITAL RLTY TR INC
DOCUSIGN INC	42,375	11,593
DOLBY LABORATORIES	9,258	16,977
DOMINION ENERGY INC	40,819	27,448
DOXIMITY ORD SHS CLASS A	16,084	10,683
DUKE ENERGY CO	29,684	34,740
EDISON INTL	16,451	18,015
ENBRIDGE INC	67,354	64,980
ENTERGY CORP NEW	22,637	21,553
EQT CORPORATION	3,258	4,794
ETSY INC	33,955	15,156
EXXON MOBIL CORP	10,947	9,887
FREEPORT-MCMORAN COPPER & GOLD INC	16,596	31,502
GENERAL MOTORS	9,774	9,375
GILEAD SCIENCES INC	23,918	28,029
GUARDANT HEALTH INC	31,162	8,602
HOME DEPOT INC	51,537	507,770
HUBSPOT INC	53,587	54,571
HUNTINGTON BANCSHARES INC	30,052	25,262
INSULET CORPORATION	18,973	17,141
INTEL CORP	71,217	117,798
IONIS PHARMACEUTICALS INC	8,669	13,963
JOHNSON & JOHNSON	118,366	336,178
JOHNSON CONTROLS INTERNATIONAL PLC	23,388	27,667
JP MORGAN CHASE	137,803	507,904
KENVUE INC	15,027	15,975
KEYCORP	42,687	78,730
KIMBERLY CLARK CORP	30,734	27,461
KLA TENCOR CORP	37,237	502,623
L3HARRIS TECHNOLOGIES	17,379	33,910
LIBERTY BROADBAND CORPORATION K	7,684	6,044
LIBERTY MEDIA CORPORATION - SER A	811	1,623
LIBERTY MEDIA CORPORATION - SER C	6,389	7,260
LIBERTY SIRIUS XM CORP - SER C
LIBERTY SIRIUS XM GROUP - SER A
LINDE PLC COM	12,617	28,597
LYFT INC
LYONDELLBASELL INDUSTRIES NV	32,832	34,419
MASTERCARD INC	5,988	20,985
MATCH GROUP INC	27,731	8,870
MEDTRONIC PLC	18,519	18,783
MERCK & CO INC	101,176	377,014
METLIFE INC	6,956	15,078
MICROSOFT CORP	100,772	724,947
MONDELEZ INTERNATIONAL INC	15,490	22,453
MONGODB INC CL A	8,915	9,195
NATIONAL GRID TRANSCO PLC	35,741	39,298
NESTLE S.A	14,440	20,159
NORTHROP GRUMMAN CORP	9,925	14,044
ORACLE CORP	5,516	17,712
ORGANON & CO	4,634	4,715
PAYCHEX INC	10,352	10,500
PAYLOCITY	6,224	6,483
PFIZER INC	33,849	29,826
PHILIP MORRIS INTL	43,840	47,699
PINTEREST INC CL A	13,906	19,742
PIONEER NAT RES CO	10,732	16,070
PNC FINANCIAL GROUP INC	39,886	40,880
PPG INDUSTRIES INC	8,067	21,535
PPL CORPORATION	18,613	17,507
PROCTER GAMBLE CO	8,245	16,559
PUBLIC STORAGE	12,917	14,496
RTX CORPORATION	74,252	242,239
REALTY INCOME CORP	7,465	6,546
SANOFI ADR	15,695	16,063
SAP AKTIENGESELL ADS	10,693	17,778
SEAGATE TECHNOLOGY HOLDINGS PLC	5,351	17,586
SEMPRA ENERGY COM	29,372	32,283
SERVICENOW INC	13,733	17,799
SNOWFLAKE INC	20,364	28,656
SOUTHERN CO	22,356	29,871
STARBUCKS CORP WASHINGTON	14,425	13,825
TC ENERGY CORPORATION	32,157	26,308
TE CONNECTIVITY LTD	30,014	53,812
TERADYNE INC	20,160	117,853
TEXAS INSTRUMENTS INC	34,592	265,918
TJX COS INC NEW	18,385	21,013
TOTALENERGIES SE
TKO GROUP HOLDINGS INC CL A	9,374	7,733
T-MOBILE US INC COM	15,791	17,957
TOTALENERGIES SE SPONSORED ADS	43,371	54,645
TRANE TECHNOLOGIES PLC	15,772	121,218
TRAVELERS COMPANIES INC	14,474	25,145
TRUIST FINANCIAL CORPORATION	34,596	23,776
UNILEVER PLC AMER	11,644	12,653
UNION PACIFIC	4,679	21,111
UNITED PARCEL SERVICE	31,072	32,232
UNITEDHEALTH GROUP INC	33,602	297,702
US BANCORP	37,216	36,186
VERIZON COMMUNICATIONS	50,557	41,093
VERTEX PHARMCTLS INC	35,286	118,812
VIATRIS ORD SHS	6,633	5,827
VISA INC	12,870	23,332
VODAFONE GROUP PLC
VULCAN MATERIALS CO	15,107	24,971
WALGREENS BOOTS ALLIANCE
WALT DISNEY HOLDINGS CO	83,158	70,353
WARNER BROS. DISCOVERY, INC	13,189	6,726
WASTE MANAGEMENT INC	6,281	17,552
WESTERN DIGITAL CORP	7,712	8,641
WILLIAMS COS	49,708	68,197
WOLFSPEED INC	15,443	12,357
XCEL ENERGY INC	15,540	16,282

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

SYLVAN OAKS FOUNDATION INC

EIN:

47-1968649

US Government Securities - End of Year Book Value:

3,009,444

US Government Securities - End of Year Fair Market Value:

3,012,176

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

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

- TIN:

TY 2023 LegalFeesSchedule

Name:

SYLVAN OAKS FOUNDATION INC

EIN:

47-1968649

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL	3,204

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

SYLVAN OAKS FOUNDATION INC

EIN:

47-1968649

Description	Amount
INVESTMENTS COST BASIS ADJUSTMENT	212,488

- TIN:

TY 2023 OtherExpensesSchedule

Name:

SYLVAN OAKS FOUNDATION INC

EIN:

47-1968649

Description	Revenue and Expenses per Books	Net Investment Income
EXPENSES
STATE OR LOCAL FILING FEES	61
OFFICE EXPENSES	2,064
INSURANCE	1,087
INVESTMENT EXPENSES	33,688	33,688
401K ADMIN FEES	326

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

SYLVAN OAKS FOUNDATION INC

EIN:

47-1968649

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
CASH IN LIEU DIVIDENDS	29	29	29
NON-DIVIDEND DISTRIBUTIONS	15,059	15,059	15,059
GRANTS RETURNED	3,000		3,000

- TIN:

TY 2023 TaxesSchedule

Name:

SYLVAN OAKS FOUNDATION INC

EIN:

47-1968649

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID	2,592	2,592
PAYROLL TAXES	8,064