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
OUTCALT FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1925
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ALAMOSA, CO81101

A Employer identification number

20-7432649

B Telephone number (see instructions)

(719) 588-4356

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

$30,606,558J 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	(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	8,163		8,163
4	Dividends and interest from securities...	928,859		928,859
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		61,831
b	Gross sales price for all assets on line 6a 3,742,913
7	Capital gain net income (from Part IV, line 2)...			61,831
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	1,750
12	Total. Add lines 1 through 11........	1,000,603		998,853
13	Compensation of officers, directors, trustees, etc.	211,666
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	53,262	50,762
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	39,115	7,942
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	6,277
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	1,800
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	312,120		58,704	0
25	Contributions, gifts, grants paid.......	2,197,250			2,197,250
26	Total expenses and disbursements. Add lines 24 and 25	2,509,370		58,704	2,197,250
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-1,508,767
b	Net investment income (if negative, enter -0-)			940,149
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	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.............	1,766,276	1,763,532	1,763,532
	2	Savings and temporary cash investments.........
	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..........	21,500	12,600	12,600
	10a	Investments—U.S. and state government obligations (attach schedule)	153,532	List of Attached Documents: // Content 25,978	23,745
	b	Investments—corporate stock (attach schedule).......	16,729,605	List of Attached Documents: // Content 15,452,145	24,734,540
	c	Investments—corporate bonds (attach schedule).......	4,289,917	List of Attached Documents: // Content 4,195,922	3,792,655
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	204,745	List of Attached Documents: // Content 210,662	260,000
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 23,266	List of Attached Documents: // Content 19,486	List of Attached Documents: // Content 19,486
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	23,188,841	21,680,325	30,606,558
	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 )		List of Attached Documents: // Content 251
	23	Total liabilities (add lines 17 through 22).........		251
		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........	23,188,841	21,680,074
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	23,188,841	21,680,074
	30	Total liabilities and net assets/fund balances (see instructions).	23,188,841	21,680,325

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

23,188,841

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

-1,508,767

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

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

21,680,074

Decreases not included in line 2 (itemize) right arrow

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

21,680,074

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	1893.889 JPMORGAN INCOME BUILDER A	P	2023-01-01	2023-09-21
b	200000.0000 BANK INDIA NEW YORK BRH	P	2023-09-21	2023-11-22
c	200000.0000 SANTANDER BK NATL ASSN	P	2023-09-21	2023-10-30
d	246000.0000 ZIONS BANCORPORATION NATL ASSN	P	2023-04-21	2023-07-27
e	3000.000 AT&T INC	P	2020-02-28	2023-10-10
	22233.8870 JPM SHORT DURATION CORE PLUS A	P	2018-10-15	2023-12-11
	0.68255 JPMORGAN LTD ETF	P	2014-10-06	2023-07-31
	38244.9140 JPMORGAN INCOME BUILDER A	P	2019-01-01	2023-09-21
	900.0000 NORFOLD SOUTHERN CORP	P	2014-04-27	2023-06-29
	500.0000 SANDOZ GROUP AG	P	2016-09-01	2023-12-21
	725.7510 WARNER BROS DISCOVERY INC	P	2020-02-28	2023-09-21
	7000.0000 AT&T INC	P	2014-04-25	2023-10-10
	500.0000 BP PLC SPONSORED ADR	P	2014-04-25	2023-09-21
	2400.0000 IBM	P	2014-04-25	2023-09-21
	1000.0000 UNION PACIFIC CORP	P	2014-04-25	2023-08-29
	16932490 WARNER BROS DISCOVERY INC	P	2019-01-01	2023-09-21
	12000.0000 WELLS FARGO & CO	P	2019-01-01	2023-06-28
	5000.0000 ZIONS BANCORPORATION NATL ASSN	P	2014-04-25	2023-12-26
	250.0000 GARMIN LTD SWITZERLAND	P	2014-04-27	2023-12-21
	448.0000 VNG FTSE WLD SC	P	2021-03-02	2023-10-24
	119.0000 VNG FTSE WLD SC	P	2021-03-16	2023-10-25
	100000.0000 HOMESTREET BK	P	2023-04-10	2023-07-19
	75000.0000 JPM CHASE BK	P	2022-10-03	2023-07-11
	225000.000 LIMPQUA BK	P	2023-06-07	2023-09-14
	75000.000 WF BK NA	P	2022-10-03	2023-04-11
	250.000 CATERPILLAR INC	P	2016-06-27	2023-06-06
	500.000 MORGAN STANLEY	P	2014-10-03	2023-06-06
	500.000 VNGRD HEALTH CARE	P	2020-04-17	2023-06-06
	Capital Gain Dividends

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	17,291	19,255	-1,964
b	200,000	200,000
c	200,000	200,000
d	246,000	246,000
e	44,298	78,820	-34,522
	200,772	209,847	-9,075
	34	35	-1
	349,176	388,824	-39,648
	199,822	84,727	115,095
	15,604	9,014	6,590
	8,301	24,186	-15,885
	101,724	185,567	-83,843
	18,953	24,923	-5,970
	353,893	436,595	-82,702
	201,323	94,503	106,820
	19,368	56,935	-37,567
	498,144	590,700	-92,556
	223,714	145,550	78,164
	31,416	8,912	22,504
	45,387	57,277	-11,890
	11,892	15,559	-3,667
	100,000	100,000
	75,000	75,000
	225,000	225,000
	75,000	75,000
	56,242	18,080	38,162
	42,093	15,338	26,755
	120,629	95,435	25,194
			61,837

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-1,964
b
c
d
e			-34,522
			-9,075
			-1
			-39,648
			115,095
			6,590
			-15,885
			-83,843
			-5,970
			-82,702
			106,820
			-37,567
			-92,556
			78,164
			22,504
			-11,890
			-3,667




			38,162
			26,755
			25,194

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	61,831
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	-1,964

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	13,068
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	13,068
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	13,068
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	12,600
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	12,600
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	468
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax0	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

OUTCALTFOUNDATION.ORG

The books are in care of right arrow

CAROLYN M KAWANABE Telephone no. right arrow

(719) 588-4356

Located at right arrow

815 FOURTH STREETALAMOSACO ZIP+4 right arrow

81101

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)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(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-)
CAROLYN M KAWANABE	Sec, Trustee 35.00	105,833
PO BOX 204 ALAMOSA,CO81101	Sec, Trustee 35.00	105,833
KARLA L SHRIVER	Pres, Trustee 35.00	105,833
PO BOX 262 MONTE VISTA,CO81144	Pres, Trustee 35.00	105,833

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


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

29,888,072

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

461,744

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

292,086

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

30,641,902

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

30,641,902

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

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

459,629

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

30,182,273

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

1,509,114

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

1,509,114

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

13,068

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

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

13,068

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

1,496,046

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

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

1,496,046

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

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

1,496,046

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 ..........

2,197,250

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. .......

2,197,250

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			1,496,046
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......		1,084,306
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $ 2,197,250
a Applied to 2022, but not more than line 2a		1,084,306
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2023 distributable amount.....			1,112,944
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2023.
(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
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 ..........			383,102
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) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

Form 990-PF (2023)

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 e-mail address of the person to whom applications should be addressed:

CAROLYN M KAWANABE
PO BOX 1925
ALAMOSA,CO81101
(719) 588-4356
carolyn@kawanabecpa.com

bThe form in which applications should be submitted and information and materials they should include:

OUTCALT FOUNDATION SAN LUIS VALLEY STUDENT ACHIEVEMENT SCHOLARSHIPOUTCALT FOUNDATION SAN LUIS VALLEY WORKFORCE DEVELOPMENT SCHOLARSHIP

cAny submission deadlines:

MARCH 15TH

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

COLORADO HIGH SCHOOL SENIORS GRADUATING FROM A SAN LUIS VALLEY INSTITUTION OF SECONDARY EDUCATION AND POST HIGH SCHOOL STUDENTS WHO HAVE GRADUATED FROM A SAN LUIS VALLEY INSTITUTION OF SECONDARY EDUCATION. THE FUNDS AWARDED ARE TO BE USED FOR TUITION, MANDATORY FEES, COURSE-RELATED EXPENSES AND REASONABLE LIVING EXPENSES INCURRED TO ATTEND AN ACCREDITED COLLEGE, UNIVERSITY, JUNIOR COLLEGE, CAREER AND/ OR TECHNICAL EDUCATION PROGRAM WITHIN THE UNITED STATES.

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
ADAMS STATE UNIVERSITY 208 EDGEMONT BLVD SUITE 3080 ALAMOSA,CO81101	NONE	PC	RALPH OUTCALT SCHOLARS PROGRAM	75,000
ALAMOSA SENIOR CITIZENS INC PO BOX 1007 ALAMOSA,CO81101	NONE	PC	GENERAL OPERATING SUPPORT/ BUILDING REMODEL	5,000
BOYS GIRLS CLUB OF THE SLV PO BOX 1032 ALAMOSA,CO81101	NONE	PC	GENERAL OPERATING SUPPORT	50,000
CARE AND SHARE INC 2605 PREAMBLE POINT COLORADO SPRINGS,CO80915	NONE	PC	SAN LUIS VALLEY DISTRIBUTION CENTER PROJECT	106,250
CITY OF MONTE VISTA 95 1ST AVENUE MONTE VISTA,CO81144	NONE	GOV	SKI HI PARK REGIONAL EVENTS CENTER PROJECT	500,000
CREEDE EARLY LEARNING CENTER PO BOX 191 CREEDE,CO81130	NONE	PC	GENERAL OPERATING SUPPORT	8,000
CREEDE REPERTORY THEATRE PO BOX 269 CREEDE,CO81130	NONE	PC	GENERAL OPERATING SUPPORT	5,000
LA PUENTE HOME INC PO BOX 818 ALAMOSA,CO81101	NONE	PC	GENERAL OPERATING SUPPORT FOR KID'S PLACE PROGRAM	239,000
MINERAL COUNTY PUBLIC HEALTH COUNCI PO BOX 414 CREEDE,CO81130	NONE	GOV	SUPPORT OF HEALTH AND WELL- BEING OF THE SENIORS IN THE SAN LUIS VALLEY COLORADO	5,000
NORTHERNERS SENIOR CITIZENS ASSN IN 413 MAIN STREET LA JARA,CO81140	NONE	PC	GENERAL OPERATING SUPPORT	5,000
SHRINERS HOSPITAL FOR CHILDREN 2900 ROCKY POINT DRIVE TAMPA,FL33607	NONE	PC	GENERAL OPERATING SUPPORT	5,000
TRI COUNTY SENIOR CITIZENS HOUSING 311 WASHINGTON ST MONTE VISTA,CO81144	NONE	PC	GENERAL OPERATING SUPPORT/ BUILDING/ SECURITY SYSTEM UPGRADES	5,000
UPPER RIO GRANDE ANIMAL SOCIETY 2825 SHERMAN AVE MONTE VISTA,CO81144	NONE	PC	GENERAL OPERATING SUPPORT	5,000
VETERANS COALITION OF THE SAN LUIS PO BOX 975 ALAMOSA,CO81101	NONE	PC	GENERAL OPERATING SUPPORT	50,000
ANTONITO SENIOR CITIZENS ASSOCIATIO PO BOX 296 ANTONITO,CO81120	NONE	PC	GENERAL OPERATING SUPPORT	5,000
ST JUDE CHILDREN'S RESEARCH HOSPITA 501 ST JUDE PLACE MEMPHIS,TN38105	NONE	PC	GENERAL OPERATING SUPPORT	5,000
HIGH VALLEY COMMUNITY CENTER INC 595 GRAND AVE DEL NORTE,CO81132	NONE	PC	GENERAL OPERATING SUPPORT	60,000
MONTE VISTA COMMUNITY FUNDS 134 WASHINGTON STREET MONTE VISTA,CO81144	NONE	PC	GENERAL OPERATING SUPPORT/ KIDS CONNECTION PROGRAM/ MV 2022 FIRE VICTIMS FUND	50,000
AMERICAN LEGION DICKEY- SPRINGER 514 4TH STREET ALAMOSA,CO81101	NONE	PC	GENERAL OPERATING SUPPORT	20,000
CSU FOUNDATION PO BOX 1870 FORT COLLINS,CO80522		PC	GENERAL OPERATING SUPPORT	234,000
CVCLC HOMELAKE RESIDENT BENEFIT 3749 SHERMAN AVE MONTE VISTA,CO81144		GOV	GENERAL OPERATING SUPPORT	10,000
RIO GRANDE HOSPITAL 310 CO RD 14 DEL NORTE,CO81132		PC	GENERAL OPERATING SUPPORT	500,000
SALIDA SENIOR DAYCARE INC 348 G ST SALIDA,CO81201		PC	GENERAL OPERATING SUPPORT	200,000
TU CASA INC 202 CARSON AVE ALAMOSA,CO81101		PC	GENERAL OPERATING SUPPORT	5,000
ZACHARY BUHR 15858 COUNTY ROAD U LA JARA,CO81140	NONE	I	SCHOLARSHIP	5,000
LEIGHTON CURTIS PO BOX 61 MOSCA,CO81146	NONE	I	SCHOLARSHIP	2,500
ANNIKA S HOLDER 586 PINE ST MONTE VISTA,CO81144	NONE	I	SCHOLARSHIP	5,000
KADE JONES 7962 MARMOT ROAD ALAMOSA,CO81101	NONE	I	SCHOLARSHIP	2,500
MARIANA LOYA PO BOX 194 BLANCA,CO81123	NONE	I	SCHOLARSHIP	5,000
JAELEA MAESTAS 22057 COUNTY ROAD K5 SAN LUIS,CO81152	NONE	I	SCHOLARSHIP	2,500
JUDE MASCARENAS PO BOX 805 SAN LUIS,CO81152	NONE	I	SCHOLARSHIP	5,000
ARACELY MINCHACA 32 YORKSHIRE ROAD UNIT C PUEBLO,CO81001	NONE	I	SCHOLARSHIP	2,500
LINDSY J PAINE PO BOX 212 BLANCA,CO81123	NONE	I	SCHOLARSHIP	2,500
MEGAN PETERSON 6482 N COUNTY ROAD 2 E MONTE VISTA,CO81144	NONE	I	SCHOLARSHIP	5,000
ETHAN RICHARDSON PO BOX 357 CRESTONE,CO81131	NONE	I	SCHOLARSHIP	2,500
JADEN TWITE PO BOX 484 CREEDE,CO81130	NONE	I	SCHOLARSHIP	5,000
Total ................................. 3a				2,197,250

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	8,163
4 Dividends and interest from securities ....			14	928,859
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			14	61,831
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aREIMBURSED EXPENSES			1	1,750
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,000,603

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

1,000,603

(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:	23017517
Software Version:	2023v5.1

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BLACKROCK FD V HIGH YD BD (BRHYX) 37648	275,394	265,418
BRIDGE BUILDER CORD BOND FUND (BBTBX) 11	1,209,038	1,068,477
BRIDGE BUILDER CORE PLUS BOND (BBCPX) 14	1,539,729	1,346,779
JPMORGAN CORE PLUS BD A (ONIAX) 33498	277,568	243,528
JPMORGAN HIGH YIELD FD CL A (OHYAX) 2610	176,762	166,293
JPMORGAN LIMITED DURATION BD (ONUAX) 533
JPMORGAN MORTG BKD SECS FD (OMBAX) 7565	87,475	79,355
JPMORGAN SHORT DURATION (JSDHX) 15517	146,501	141,827
PGIM HIGH YIELD BD FD (PHYQX) 8698 SH	46,225	41,230
HARTFORD WORLD BOND FD (HWDFX) 9695	96,288	97,923
JPMORGAN INCOME FD CL A (JGIAX) 37747	315,291	315,566
PIMCO INTL BD (PFORX) 2660 SH	25,651	26,259

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AGCO CORP (AGCO) 1500 SH	85,613	182,115
AMERICAN AIRLINES (AAL) 2000 SH	36,738	27,480
APPLE (AAPL) 2020 SH	111,329	388,911
AT&T (T) 10000 SH
BLOCK H&R INC (HRB) 500 SH	12,367	24,185
BOEING CO (BA) 1500 SH	193,778	390,990
BP SP ADR (BP) 7050 SH	238,671	249,570
BRIDGE BUILDER INT (BBIEX) 37793 SH	414,059	463,724
BRIDGE BLDR LRGE CAP GR (BBGLX) 42531	648,247	953,550
BRIDGE BLDR LRGE CAP VALUE (BBVLX) 52696	606,577	855,260
BRIDGE BLDR SM/MD CA (BBVSX) 18399 SH	185,967	252,068
BRIDGE BLDR SM/MD CA GROWTH (BBGSX)	163,974	194,224
CAPITAL PRODUCT PTRS LP (CPLP) 100 SH	1,528	1,420
CARNIVAL CORP (CCL) 500 SH	13,530	9,270
CATERPILLAR INC (CAT) 3000 SH	312,855	887,010
CHEVRON CORP (CVX) 9000 SH	1,117,260	1,342,440
CHIMERA INVESTMENT CORP (CIM) 1000 SH	12,162	4,990
CHOICE HOTELS INT (CHH) 15 SH	2,273	1,700
CISCO SYSTEMS INC (CSCO) 4000 SH	92,400	202,080
CITIGROUP INC (C) 1300 SH	62,465	66,872
COCA COLA CO (KO) 60000 SH	2,443,500	3,535,800
COTERRA ENERGY INC (CTRA) 4014.6 SH	120,575	102,437
DANAOS CORP (DAC) 35 SH	2,485	2,592
DELTA AIR LINES INC (DAL) 500 SH	24,275	20,115
DEVON ENERGY CORP (DVN) 344 SH	14,168	15,583
DFA INTERNATIONAL SMALL COM (DFISX) 2841	48,180	54,858
DFA INTL VALUE FD (DFIVX) 1476 SH	23,823	29,536
DISCOVER FINANCIAL SVS (DFS) 1000 SH	55,655	112,400
DODGE & COX INTL STOCK FD (DODFX) 4494	186,428	220,942
DOMINION ENERGY INC (D) 600 SH	49,352	28,200
DUKE ENERGY CORP (DUK) 5000 SH	367,825	485,200
ENBRIDGE INC (ENB) 492 SH	19,494	17,722
EQUINOR ASA (EQNR) 200 SH	5,752	6,328
GARMIN LTD (GRMN) 250 SH
GENERAL DYNAMICS CORP (GD) 170 SH	30,202	44,144
GENERAL MILLS INC (GIS) 2000 SH	104,810	130,280
GLOBAL SHIP LEASE INC (GSL) 100 SH	2,376	1,982
HOME DEPOT (HD) 1000 SH	79,365	346,550
IBM (IBM) 2400 SH
INTEL CORP (INTC) 2500 SH	66,131	125,625
JOHN HANCOCK FUNDS III (JVMRX) 1535	32,287	41,990
JP MORGAN CHASE & CO (JPM) 3500 SH	215,785	595,350
JPMORGAN INCOME BLDR FD (JNBAX) 38790.19
JPMORGAN US GOVT MM (OGVXX) 114938.64 S	70,182	70,182
KONTOOR BRANDS (KTB) 2100 SH	64,035	131,082
KROGER CO (KR) 4000 SH	90,061	182,840
LOCKHEED MARTIN (LMT) 120 SH	30,565	54,389
LOWES COS INC (LOW) 1010 SH	79,411	224,776
LTC PROPERTIES INC (LTC) 800 SH	35,327	25,696
MCDONALDS CORP (MCD) 1500 SH	150,101	444,765
MEDTRONIC PLC (MDT) 850 SH	70,138	70,023
MERCEDES-BENZ GROUP AG (MBGAF) 1247 SH	114,475	86,168
MERCK & CO INC (MRK) 4010 SH	219,976	437,170
MFS INTL VALUE FD (MINJX) 1917 SH	78,231	72,020
MICROSOFT (MSFT) 4500 SH	159,965	1,692,180
MONDELEZ INT (MDLZ) 1000 SH	34,750	72,430
MORGAN STANLEY (MS) 12000 SH	352,763	1,072,375
MOTOROLA SOLUTIONS INC (MSI) 499 SH	31,225	156,232
NEWMONT MINING CORP (NEM) 1000 SH	26,055	41,390
NORFOLK SOUTHERN CORP (NSC) 1600 SH	150,626	378,208
NORWEGIAN CRUISE LINE HOLDINGS (NCLH) 50	15,145	10,020
NOVARTIS AG SPONS ADR (NVS) 2500 SH	163,246	252,425
ONE GROUP HOSPITALITY INC (STKS) 158 SH	2,504	967
O-I GLASS INC (OI) 2827 SH	90,704	46,306
PFIZER INC (PFE) 29505 SH	864,050	849,449
PHILIP MORRIS INT (PM) 1400 SH	117,320	131,712
PIMCO HIGH INCOME FD (PHK) 5000 SH	41,084	24,950
PNM RESOURCES (PNM) 10000 SH	278,450	416,000
RIVIAN AUTOMOTIVE INC (RIVN) 200 SH	24,998	4,692
SHELL PLC SP ADR (SHEL) 1100 SH	70,394	72,380
ROYCE PREMIER FD INT CL (RPFIX) 2493	33,722	29,191
RYERSON HOLDING CORP (RYI) 52 SH	1,352	1,803
SMITH & WESSON BRANDS INC (SWBI) 200 SH	3,466	2,712
SOUTHWEST AIRLINES CO (LUV) 700 SH	36,650	20,216
SPIRIT AIRLINES INC (SAVE) 250 SH	8,125	4,098
TESLA INC (TSLA) 300 SH	57,400	74,544
THE JOINT CORP (JYNT) 24 SH	1,980	231
THE KRAFT HEINZ CO (KHC) 1000 SH	54,306	36,980
TROWE PRICE INT (TIDDX) 442 SH	26,448	27,929
TROWE PRICE INTL STOCK-I (PRIUX) 12961	224,567	245,880
UNION PAC CORP (UNP) 3000 SH	283,508	736,860
US STEEL CORP (X) 1000 SH	26,815	48,650
USCF MIDSTREAM ENERGY INCOME (UMI) 1000	23,017	36,514
VANGUARD FTSE ALL WORLD EX (VSS) 567 SH
VANGUARD GROWTH & INCOME FD (VQNPX) 436.
VANGUARD GROWTH INDEX FD (VIGAX) 195.576	11,282	31,494
VANGUARD HEALTH CARE FD (VGHAX) 2019.838	198,170	191,409
VANGUARD HEALTH CARE VIPE (VHT) 500 SH
VANGUARD HIGH DIVD YD (VHYAX) 435.76 SH	10,000	14,663
VANGUARD INFO TECH (VGT) 125 SH	49,956	60,500
VANGUARD LIFESTRATEGY MODERN (VSMGX) 405	10,000	12,348
VANGUARD S&P ETF (VOO) 200 SH	66,877	87,360
VANGUARD SM-CAP VIPERS (VB) 100 SH	22,905	21,333
VANGUARD TOTAL STOCK MKT (VTI) 100 SH	15,310	23,722
VERIZON COMM (VZ) 2000 SH	83,889	75,400
VF CORP (VFC) 1400 SH	71,866	26,320
VIATRIS INC (VTRS) 434 SH	5,914	4,700
WALMART STORES INC (WMT) 1000 SH	76,420	157,650
WALT DISNEY CO (DIS) 280 SH	29,740	25,281
WELLS FARGO & CO (WFC) 12000 SH
WENDY'S COMPANY (WEN) 2000 SH	16,700	38,960
XCEL ENERGY INC (XEL) 19500 SH	619,269	1,207,245
XPEL INC (XPEL) 35 SH	2,555	1,885
ZIONS BANCORP (ZION) 10000 SH	291,100	438,700
ALPHABET INC (GOOGL) 90 SH	9,972	12,572
AMAZON COM INC (AMZN) 300 SH	37,875	45,582
BROADCOM INC (AVGO) 20 SH	11,583	22,325
FORD MOTOR CO (F) 1000 SH	17,500	12,190
ISHARES GLOBAL CLEAN ENERGY (ICLN) 460 S	9,926	7,162
JOHNSON & JOHNSON (JNJ) 100 SH	16,500	15,674
JPMORGAN CORE BD FD (PGBOX) 50118 SH	510,512	516,219
LIVENT CORP (LTHM) 500 SH	10,166	8,990
NVIDIA CORP (NVDA) 140 SH	19,550	69,331
PRINCIPAL MIDCAP FD (PMAQX) 4470 SH	167,723	171,365
SALESFORCE INC (CRM) 60 SH	9,484	15,788
TROWE PRICE MID-CAP GROWTH (RPMGX) 433	43,657	43,451
TARGET CORP (TGT) 220 SH	27,171	31,332
UNITED AIRLINES HOLDINGS (UAL) 500 SH	19,450	20,630
WARNER BROS DISCOVERY INC (WBD) 2419.17
US BANCORP (USB) 1500 SH	45,900	64,920
AMRC AVNT ETF (AVDV) 218 SH	11,885	13,623
JPMORGAN MID CAP EQUITY (JCMAX) 7241 SH	367,738	411,000
JPMORGAN LMT DURATION BD (JPLD) 1053 SH	54,475	53,282
VANGUARD GROWTH & INC (VQNPX)	21,587	26,216
VICTORY TRIVALENT INT SMCAP (MIS 3586 SH	46,140	51,990

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

US Government Securities - End of Year Book Value:

25,978

US Government Securities - End of Year Fair Market Value:

23,745

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

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
VACANT LAND- TRACT 4 STOCKTON ALAMOSA CO	AT COST	24,000	60,000
VACANT LOT #11 CARROLL ADDN ALAMOSA CO	AT COST	101,833	102,000
VACANT LOT #12 CAROLL ADDN ALAMOSA CO	AT COST	84,829	98,000

- TIN:

TY 2023 OtherAssetsSchedule

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DIVIDENDS RECEIVABLE	23,266	19,486	19,486

- TIN:

TY 2023 OtherExpensesSchedule

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
DUES/ SUBSCRIPTIONS	815
INSURANCE	750
OFFICE EXPENSE	235

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
REIMBURSED EXPENSES	1,750

- TIN:

TY 2023 OtherLiabilitiesSchedule

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

Description	Beginning of Year - Book Value	End of Year - Book Value
PAYROLL LIABILITIES		248
Rounding		3

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EDWARD JONES/ VANGUARD FEES	50,762	50,762	0	0
THOMAS GREG CURTIS	2,500	0	0	0

- TIN:

TY 2023 TaxesSchedule

Name:

OUTCALT FOUNDATION

EIN:

20-7432649

Software ID:

23017517

Software Version:

2023v5.1

Category	Amount	Net Investment Income
FEDERAL EXCISE TAX	12,576
FOREIGN TAXES PAID	7,942	7,942
PAYROLL TAXES	16,193
PROPERTY TAXES	2,404