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
CHARLES E LAKIN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)705 NORTH 16TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COUNCIL BLUFFS, IA51501
A Employer identification number

76-0751233
B Telephone number (see instructions)

(712) 256-5580
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$186,657,393J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 225,264
2 Check right arrow.............
3 Interest on savings and temporary cash investments 56,551 56,551  
4 Dividends and interest from securities... 912,696 912,696  
5a Gross rents............ 4,725,393 4,725,393  
b Net rental income or (loss) 2,101,857
6a Net gain or (loss) from sale of assets not on line 10 12,618,208
b Gross sales price for all assets on line 6a 43,148,599
7 Capital gain net income (from Part IV, line 2)... 12,618,208
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........ 18,538,112 18,312,848  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,447,229 0   863,299
14 Other employee salaries and wages...... 18,125 0   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
26,497 3,250   3,724
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
37,023 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
668,325 518,130   18,448
17 Interest............... 919,394 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
599,462 296,217   41,937
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,269,815 1,304,743  
20 Occupancy.............. 769,485 507,905   30,804
21 Travel, conferences, and meetings....... 50,115 0   20,825
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
246,750 152,604   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,052,220 2,782,849   979,037
25 Contributions, gifts, grants paid....... 10,940,763 10,940,763
26 Total expenses and disbursements. Add lines 24 and 25 16,992,983 2,782,849   11,919,800
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,545,129
b Net investment income (if negative, enter -0-) 15,529,999
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............. 352,550 407,416 407,416
2 Savings and temporary cash investments......... 4,883,694 177,320 177,320
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.......... 78,771 149,206 149,206
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 29,215,222 Click to see attachment
List of Attached Documents:
// Content
24,346,019 		62,401,878
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow87,438,088
Less: accumulated depreciation (attach schedule) right arrow3,011,151 85,582,679 Click to see attachment
List of Attached Documents:
// Content
84,426,937 		79,946,048
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 45,173,838 Click to see attachment
List of Attached Documents:
// Content
19,512,651 		20,578,396
14 Land, buildings, and equipment: basis right arrow492,051
Less: accumulated depreciation (attach schedule) right arrow166,888 334,554 Click to see attachment
List of Attached Documents:
// Content
325,163 		325,163
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
18,262,731 		Click to see attachment
List of Attached Documents:
// Content
22,671,966 		Click to see attachment
List of Attached Documents:
// Content
22,671,966
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 183,884,039 152,016,678 186,657,393
Liabilities 17 Accounts payable and accrued expenses.......... 8,468 3,541
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 35,000,000 1,801,000
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
400,880 		Click to see attachment
List of Attached Documents:
// Content
192,317
23 Total liabilities (add lines 17 through 22)......... 35,409,348 1,996,858
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 148,474,691 150,019,820
29 Total net assets or fund balances (see instructions)..... 148,474,691 150,019,820
30 Total liabilities and net assets/fund balances (see instructions). 183,884,039 152,016,678
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
148,474,691
2
Enter amount from Part I, line 27a .....................
2
1,545,129
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
150,019,820
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
150,019,820
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 REAL PROPERTY SALES D 2019-04-19 2023-07-31
b BESSEMER ACT 260 P 2017-06-14 2023-09-25
c UBS ACCT 137 D 2017-12-01 2023-07-12
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 120,000 175,000 175,000 120,000
b 31,495,209   25,661,187 5,834,022
c 11,533,390   4,869,204 6,664,186
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       120,000
b       5,834,022
c       6,664,186
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 12,618,208
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) 1 215,867
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........................... 3 215,867
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- ..... 5 215,867
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 200,000
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.............. 7 200,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 6,192
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 22,059
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowTINA GARLAND Telephone no.right arrow (712) 256-5580

Located atright arrow705 NORTH 16TH STREETCOUNCIL BLUFFSIA ZIP+4right arrow51501
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CHARLES E LAKIN III DIRECTOR/MANAGER
18.00 		207,837 0 0
2265 SOUTH 21ST AVENUE
YUMA,AZ85364
DEBORAH L JOHNSON DIRECTOR/MANAGER
18.00 		131,637 0 0
196 BEACON HILL LN
ASHLAND,OR97520
JOANNA L CELLONE DIRECTOR THRU FEBRUARY
1.00 		31,305 0 0
139 INGLEWOOD DR
PITTSBURGH,PA15228
STEPHEN WILD DIRECTOR/PRESIDENT
40.00 		403,035 0 0
222 NORTH 7TH STREET
MISSOURI VALLEY,IA51555
JOHN L HOICH DIRECTOR/VICE PRESIDENT
40.00 		403,035 0 0
5410 NORTH 279TH ST
VALLEY,NE68064
ROBYN RITSCH DIRECTOR
1.00 		63,915 0 0
PO BOX 35
EAGLE,CO81631
CLIFF ROBERTS DIRECTOR AS OF MARCH
1.00 		32,610 0 0
705 NORTH 16TH STREET
COUNCIL BLUFFS,IA51501
TINA GARLAND TREASURER
8.00 		57,307 0 0
2610 LINCOLN ST
BEATRICE,NE68310
JENNIFER GREEN SECRETARY
8.00 		116,548 0 0
705 NORTH 16TH STREET
COUNCIL BLUFFS,IA51501
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
106,796,029
b
Average of monthly cash balances.......................
1b
745,972
c
Fair market value of all other assets (see instructions)................
1c
101,102,277
d
Total (add lines 1a, b, and c).........................
1d
208,644,278
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
21,399,643
3
Subtract line 2 from line 1d.........................
3
187,244,635
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,808,670
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
184,435,965
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
9,221,798
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
9,221,798
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
215,867
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
215,867
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
9,005,931
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
9,005,931
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
9,005,931
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
11,919,800
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
11,919,800
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 9,005,931
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020...... 1,835,097
d From 2021......  
e From 2022...... 402,947
f Total of lines 3a through e ........ 2,238,044
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 11,919,800
a Applied to 2022, but not more than line 2a 0
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..... 9,005,931
e Remaining amount distributed out of corpus 2,913,869
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 5,151,913
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		5,151,913
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 1,835,097
c Excess from 2021....  
d Excess from 2022.... 402,947
e Excess from 2023.... 2,913,869
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:
CHARLES E LAKIN FOUNDATION INC
705 NORTH 16TH STREET
COUNCIL BLUFFS,IA51501
(712) 256-5580
bThe form in which applications should be submitted and information and materials they should include:
NONE SPECIFIED
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
LIMITED TO THE FOLLOWING COUNTIES IN IOWA (MILLS, MONTGOMERY, POTTAWATTAMIE, FREMONT, PAGE AND CASS) AND NEBRASKA (DOUGLAS AND SARPY)
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

100 BLACK MEN OF OMAHA INC

2221 N 24TH ST
OMAHA,NE68110 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 75,000

AFRICAN AMERICAN EMPOWERMENT NETWORK INC

2401 LAKE ST 110
OMAHA,NE68111 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 522,760

APPLIED INFORMATION MANAGEMENT INSTITUTE

1905 HARNEY STREET
OMAHA,NE68102 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 100,000

ASSURE WOMENS CENTER

6510 SORENSEN PARKWAY
OMAHA,NE68152 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 500

AT EAST USA

PO BOX 24465
OMAHA,NE68124 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 3,000

AVENUE SCHOLARS FOUNDATION

7101 MERCY ROAD 240
OMAHA,NE68106 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 1,720,223

BAGS OF FUN

1309 SO 204TH STREET 319
ELKHORN,NE68022 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 48,000

BETHESDA URBAN COMMUNITY DEVELOPMENT CORPORATION INC

PO BOX 642178
OMAHA,NE68134 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 266,590

BETHLEHEM HOUSE

2301 S 15TH STREET
OMAHA,NE68108 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 204,000

BIG BROTHERS BIG SISTERS OF THE MIDLANDS

10831 OLD MILL ROAD NO 400
OMAHA,NE68154 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 140,000

BOYS & GIRLS CLUB

8156 N 16TH ST
COUNCIL BLUFFS,IA51501 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 1,100,000

BOYS TOWN

14100 CRAWFORD ST
BOYS TOWN,NE68010 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 7,000

CENTRAL IOWA HONOR FLIGHT

55 GLEASON AVE SUITE 100
COUNCIL BLUFFS,IA51503 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 4,500

CHARIOTS 4 HOPE INC

10845 HARNEY ST
OMAHA,NE68145 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 500

CHARLES E LAKIN HUMAN SERVICE CAMPUS FOUNDATION

2101 S 42ND ST
OMAHA,NE68105 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 29,995

CHILDREN'S HOSPITAL & MEDICAL CENTER FOUNDATION

8401 W DODGE ROAD
OMAHA,NE68114 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 273,446

CHILDREN'S SQUARE USA

500 N 7TH ST
COUNCIL BLUFFS,NE51503 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 220,400

COMPLETELY KIDS

2566 ST MARYS AVE
OMAHA,NE68105 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 510,100

FIRST RESPONDERS FOUNDATION

10605 BURT CIRCLE
OMAHA,NE68114 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 100,000

GREEN HILLS AEA

24997 HWY 92
COUNCIL BLUFFS,IA51501 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 65,000

HABITAT FOR HUMANITY COUNCIL BLUFFS

1216 S MAIN ST
COUNCIL BLUFFS,IA51503 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 152,300

HEARTLAND EQUINE THERAPEUTIC RIDING ACADEMY

10130 S 222ND ST
GRETNA,NE68028 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 153,565

HEARTLAND FAMILY SERVICE

2101 S 42ND ST
OMAHA,NE68105 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 101,940

IMPACT HILL

PO BOX 168
OAKLAND,IA51560 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 121,491

IOWA JOBS FOR AMERICA'S GRADUATES

1111 9TH STREET SUITE 268
DES MOINES,IA50314 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 3,000

JENNIE EDMUNDSON MEMORIAL HOSPITAL FOUNDATION

933 E PIERCE ST
COUNCIL BLUFFS,IA51503 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 3,000

JOSHUA COLLINGSWORTH MEMORIAL FOUNDATION

PO BOX 21712
LINCOLN,NE68542 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 1,000

LOOKOUT VILLAGE

PO BOX 143
NEOLA,IA51559 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 16,869

MALVERN COMMUNITY STUDENT LOAN FUND

PO BOX 120
MALVERN,IA51551 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 10,000

MERRYMAKERS ASSOCIATION

12020 SHAMROCK PLAZA
OMAHA,NE68154 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 500

MICAH HOUSE CORPORATION

1415 AVENUE J
COUNCIL BLUFFS,IA51501 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 762,000

MOTHERS AGAINST DRUNK DRIVING

511 E JOHN CARTER FREEWAY SUITE 700
IRVING,TX75062 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 1,000

MOVING VETERANS FORWARD INC

38832 SKYHAWK LANE
VACAVILLE,CA95688 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 3,000

OMAHA BRIDGES OUT OF POVERTY INC

PO BOX 540338
OMAHA,NE68154 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 200,000

OMAHA EQUESTRIAN FOUNDATION

1004 FARNAM ST
OMAHA,NE68102 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 4,000

OMAHA HOME FOR BOYS

4343 N 52ND STREET
OMAHA,NE68104 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 5,500

OMAHA SYMPHONY ASSOCIATION

1905 HARNEY STREET SUITE 400
OMAHA,NE68102 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 75,000

PARALYZED VETERANS OF AMERICA- IOWA CHAPTER

7025 HICKMAN RD
URBANDALE,IA50322 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 3,000

POLICE ATHLETICS FOR COMMUNITY ENGAGEMENT

5105 SOUTH 37TH STREET
OMAHA,NE68107 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 117,200

POST TRAUMATIC GROWTH INSTITUTE

1065 N 115TH ST STE 100
OMAHA,NE68154 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 5,000

POTTAWATTAMIE ARTS CULTURE ENTERTAINMENT

1228 S MAIN ST STE 115
COUNCIL BLUFFS,IA51503 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 27,415

REJUVENATING WOMEN

PO BOX 207
BOYS TOWN,NE68010 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 6,000

RONALD MCDONALD HOUSE CHARITIES IN OMAHA INC

620 SOUTH 38TH AVENUE
OMAHA,NE68105 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 500

ROTARY CLUB OF OMAHA MILLARD NEBRASKA FOUNDATION

16924 FRANCES ST SUITE 210
OMAHA,NE68130 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 3,000

SAVING GRACE PERISHABLE FOOD RESCUE INC

4611 SOUTH 96TH STREET SUITE 112
OMAHA,NE68127 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 500

SOUTHWEST IOWA FAMILY SERVICES INC

PO BOX 524
ATLANTIC,IA50022 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 880,000

SOUTHWEST IOWA NONPROFIT FOR COLLECTIVE IMPACT

4201 RIVERS EDGE PARKWAY SUITE 400
COUNCIL BLUFFS,IA51501 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 358,333

STEPHEN CENTER INC

2723 Q STREET
OMAHA,NE68107 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 3,500

SUBURBAN ROTARY CHARITABLE FOUNDATION

4089 SOUTH 84TH STREET
OMAHA,NE68127 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 8,500

TEAMMATES MENTORING PROGRAM

11615 E CENTENTIAL RD
LA VISTA,NE68128 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 246,000

THE SET ME FREE PROJECT

11620 M CIRCLE
OMAHA,NE68137 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 4,500

THE VISITING NURSE ASSOCIATION OF POTTAWATTAMIE COUNTY IOWA

822 S MAIN STREET NO 102
COUNCIL BLUFFS,IA51503 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 100,000

TOGETHER INC OF METROPOLITAN OMAHA

812 SOUTH 24TH STREET
OMAHA,NE68108 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 150,000

WESTSIDE FOUNDATION

1101 SOUTH 90TH ST
OMAHA,NE68124 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 2,000

WHISPERING ROOTS INC

12418 S 79TH AVENUE
PAPILLION,NE68046 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 25,000

WOMEN'S CENTER FOR ADVANCEMENT

3801 HARNEY ST
OMAHA,NE68131 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 116,460

YMCA OF GREATER OMAHA

430 SOUTH 20TH STREET
OMAHA,NE68102 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 17,500

VISION TREYNOR GROUP

110 AUGUSTA DRIVE
TREYNOR,IA51575 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 167,376

THE STANTON CHILD RESOURCE CENTER INC

622 N HALLAND
STANTON,IA51573 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 500,000

PARTNERSHIP 4 KIDS

1004 FARNAM STREET STE 200
OMAHA,NE68102 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 174,100

NOBLE INITIATIVE FOUNDATION

PO BOX 103
GRISWOLD,IA51535 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 500,000

OLLIE WEBB CENTER

1941 S 42ND ST STE 122
OMAHA,NE68105 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 25,000

THE COMMUNITY FOUNDATIONS OF SOUTHWEST IOWA

1120 S 101ST STREET STE 320
OMAHA,NE68124 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 14,650

OMAHA STAR INSTITUTE

2216 N 24TH STREET
OMAHA,NE68110 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 500

JET AWARD FOUNDATION & TRUST INC

11711 ARBOR STREET STE 240
OMAHA,NE68144 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 125,500

AMERICAN LEGION POST 0575

308 MANCHESTER ST
EMERSON,IA51533 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 7,000

LEWIS PUBLIC LIBRARY AND HERITAGE CENTER

412 W MAIN ST
LEWIS,IA51544 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 850

METRO CONTINUUM OF CARE FOR THE HOMELESS

6001 DODGE ST
OMAHA,NE68182 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 75,000

MONTGOMERY COUNTY CHILD DEVELOPMENT ASSOCIATION INC

307 E REED STREET
RED OAK,IA51566 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 2,700

CHICANO AWARENESS CENTER INC

4821 SOUTH 24TH STREET
OMAHA,NE68107 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 2,500

COMMUNITY FOUNDATION FOR WESTERN IOWA

300 W BROADWAY
COUNCIL BLUFFS,IA51503 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 90,000

FOOD BANK FOR THE HEARTLAND

10525 J ST
OMAHA,NE68127 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 103,000

GOTTA BE ME INC

5108 PINE STREET
OMAHA,NE68106 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 2,000

GO BEYOND NEBRASKA

PO BOX 641609
OMAHA,NE68164 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 5,000

EAST MILLS COUNTY AREA YOUTH SPORTS

805 MARION AVE
MALVERN,IA51551 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 8,000

GOLDEN HILLS RESOURCE CONSERVATION AND DEVELOPMENT AREA

712 SOUTH HIGHWAY STREET
OAKLAND,IA51560 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 25,000

FAITH'S FRIENDS

301 WEST 29TH STREET
ATLANTIC,IA50022 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 10,000

NISHNA PRODUCATIONS INC

PO BOX 70
SHENANDOAH,IA51601 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 10,000

HEART MINISTRY CENTER

2222 BINNEY ST
OMAHA,NE68110 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 3,000

HEARTLAND HOPE MISSION

15555 INDUSTRIAL RD
OMAHA,NE68144 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 3,000

IOWA WESTERN COMMUNITY COLLEGE FOUNDATION

2700 COLLEGE ROAD BOX 4C
COUNCIL BLUFFS,IA51503 		N/A PC CONTRIBUTION FOR GENERAL PURPOSES 7,000
Total .................................right arrow 3a 10,940,763
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 56,551  
4 Dividends and interest from securities ....     14 912,696  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 2,101,857  
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 12,618,208  
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 15,689,312 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
15,689,312
(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
CHARLES E LAKIN FOUNDATION INC
 
Employer identification number

76-0751233
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
CHARLES E LAKIN FOUNDATION INC
  		Employer identification number
76-0751233
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
CHARLES E LAKIN REVOCABLE TRUST
 
705 NORTH 16TH STREET
 
COUNCIL BLUFFS, IA51501

$ 225,264


(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.)
(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
CHARLES E LAKIN FOUNDATION INC
  		Employer identification number

76-0751233
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
CHARLES E LAKIN FOUNDATION INC
  		Employer identification number

76-0751233
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:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 37,023 0   0

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

TY 2023 DepreciationSchedule
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
COLORADO PROPERTY 2018-04-15 5,072,631 868,495 SL 27.500000000000 184,459 184,459    
COLORADO PROPERTY II 2018-04-15 1,314,000 158,634 SL 39.000000000000 33,692 33,692    
COLORADO PROPERTY- LAND 1987-04-15 618,413   L   0 0    
ARIZONA PROPERTY- LAND 2018-07-15 4,360,804   L   0 0    
ARIZONA PROPERTY II- LAND 2019-07-15 9,482,804   L   0 0    
IOWA PROPERTY- LAND 2018-07-15 35,373,742   L   0 0    
IOWA PROPERTY 2018-07-15 12,700 9,866 200DB 7.000000000000 1,134 1,814    
CAMPUS BUILDING 2018-06-15 292,859 34,105 SL 39.000000000000 7,509 0    
CAMPUS BUILDING IMPROVEMENTS 2018-07-15 10,620 1,214 SL 39.000000000000 272 0    
CAMPUS BUILDING IMPROVEMENTS 2018-09-15 7,000 769 SL 39.000000000000 179 0    
CAMPUS BUILDING IMPROVEMENTS 2018-12-15 27,470 2,846 SL 39.000000000000 704 0    
CAMPUS LAND 2018-06-15 10,000   L   0 0    
CAMPUS BUILDING IMPROVEMENTS 2019-01-15 19,671 1,996 SL 39.000000000000 504 0    
CAMPUS BUILDING IMPROVEMENTS 2019-04-15 8,692 828 SL 39.000000000000 223 0    
EQUIPMENT 2019-04-16 10,065   200DB 5.000000000000 0 0    
EQUIPMENT 2019-06-17 30,225   200DB 5.000000000000 0 0    
BILLBOARDS 2019-04-19 175,000   150DB 15.000000000000 0 6,806    
EQUIPMENT 2020-04-06 2,720   200DB 5.000000000000 0 0    
EQUIPMENT 2020-11-02 3,547   200DB 5.000000000000 0 0    
AZ VEHICLE 2021-04-02 49,397   200DB 5.000000000000 0 0    
SECURITY SYSTEM- CAMPUS BUILDING 2021-06-01 12,310   150DB 15.000000000000 0 0    
OFFICE COPIER 2022-04-18 7,475   200DB 5.000000000000 0 0    
FLORIDA PROPERTY- BUILDING 2022-10-07 26,595,752 201,483 SL 27.500000000000 967,118 967,118    
FLORIDA PROPERTY- LAND 2022-10-07 3,800,000   L   0 0    
FLORIDA PROPERTY- EQUIPMENT 2022-10-07 512,249   200DB 5.000000000000 0 102,450    
CONSTRUCTION IN PROCESS 2022-08-08 190,311   NC 0 % 0 0    
CONSTRUCTION IN PROCESS 2023-07-01 16,561   NC 0 % 0 0    
FLORIDA PROPERTY- EQUIPMENT 2023-06-30 30,013   200DB 5.000000000000 25,211 3,001    
FLORIDA PROPERTY- EQUIPMENT 2023-06-30 25,162   200DB 5.000000000000 21,136 2,516    
FLORIDA PROPERTY- EQUIPMENT 2023-06-30 16,303   200DB 5.000000000000 13,694 1,630    
FLORIDA PROPERTY- EQUIPMENT 2023-10-31 2,589   200DB 5.000000000000 2,175 86    
FLORIDA PROPERTY- EQUIPMENT 2023-07-21 14,054   200DB 5.000000000000 11,805 1,171    

TY 2023 InvestmentsCorpStockSchedule
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Name of Stock End of Year Book Value End of Year Fair Market Value
UBS FINANCIAL 24,346,019 62,401,878

TY 2023 InvestmentsLandSchedule2
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COLORADO PROPERTY 5,072,631 1,052,954 4,019,677  
COLORADO PROPERTY II 1,314,000 192,326 1,121,674  
COLORADO PROPERTY- LAND 618,413 0 618,413  
ARIZONA PROPERTY- LAND 4,360,804 0 4,360,804  
ARIZONA PROPERTY II- LAND 9,482,804 0 9,482,804  
IOWA PROPERTY- LAND 35,373,742 0 35,373,742  
IOWA PROPERTY 12,700 11,000 1,700  
FLORIDA PROPERTY- BUILDING 26,595,752 1,168,601 25,427,151  
FLORIDA PROPERTY- LAND 3,800,000 0 3,800,000  
FLORIDA PROPERTY- EQUIPMENT 512,249 512,249 0  
CONSTRUCTION IN PROCESS 190,311 0 190,311  
CONSTRUCTION IN PROCESS 16,561 0 16,561  
FLORIDA PROPERTY- EQUIPMENT 30,013 25,211 4,802  
FLORIDA PROPERTY- EQUIPMENT 25,162 21,136 4,026  
FLORIDA PROPERTY- EQUIPMENT 16,303 13,694 2,609  
FLORIDA PROPERTY- EQUIPMENT 2,589 2,175 414  
FLORIDA PROPERTY- EQUIPMENT 14,054 11,805 2,249  

TY 2023 InvestmentsOtherSchedule2
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BESSENER TRUST AT COST 19,437,651 20,503,396
SAC MUTUAL TELEPHONE COMPANY AT COST 75,000 75,000

TY 2023 LandEtcSchedule2
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
CAMPUS BUILDING 292,859 41,614 251,245  
CAMPUS BUILDING IMPROVEMENTS 10,620 1,486 9,134  
CAMPUS BUILDING IMPROVEMENTS 7,000 948 6,052  
CAMPUS BUILDING IMPROVEMENTS 27,470 3,550 23,920  
CAMPUS LAND 10,000 0 10,000  
CAMPUS BUILDING IMPROVEMENTS 19,671 2,500 17,171  
CAMPUS BUILDING IMPROVEMENTS 8,692 1,051 7,641  
EQUIPMENT 10,065 10,065 0  
EQUIPMENT 30,225 30,225 0  
EQUIPMENT 2,720 2,720 0  
EQUIPMENT 3,547 3,547 0  
AZ VEHICLE 49,397 49,397 0  
SECURITY SYSTEM- CAMPUS BUILDING 12,310 12,310 0  
OFFICE COPIER 7,475 7,475 0  


TY 2023 LegalFeesSchedule
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 23,247 0   3,724
LEGAL- RENTAL 3,250 3,250   0


TY 2023 OtherAssetsSchedule
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
NOTES RECEIVABLE 18,198,720 22,640,584 22,640,584
MISCELLANEOUS ASSETS 64,011 31,382 31,382


TY 2023 OtherExpensesSchedule
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE SUPPLIES 93,890 0   0
OTHER EXPENSES 256 0   0
OFFICE SUPPLIES- RENTAL 147,145 147,145   0
SUPPLIES- RENTAL 5,459 5,459   0


TY 2023 OtherLiabilitiesSchedule
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Description Beginning of Year - Book Value End of Year - Book Value
TENANT SECURITY DEPOSITS 207,804 156,664
OTHER LIABILITIES 193,076 35,653


TY 2023 OtherProfessionalFeesSchedule
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 63,912 0   18,448
INVESTMENT MANAGEMENT FEES 95,714 95,714   0
TECHNOLOGY FEES 4,828 0   0
CONSULTING 81,455 0   0
COMMISSIONS- RENTAL 19,708 19,708   0
MANAGEMENT FEE- RENTAL 328,682 328,682   0
OTHER PROFESSIONAL- RENTAL 74,026 74,026   0


TY 2023 TaxesSchedule
Name:
CHARLES E LAKIN FOUNDATION INC
EIN:
76-0751233
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL 46,050 0   41,937
FOREIGN 19,280 19,280   0
FEDERAL TAX 256,945 0   0
STATE TAX 250 0   0
TAXES- RENTAL 276,937 276,937   0