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
Good Heart Work Smart Foundation
 
% MARY JO J HALL-SCHULER
Number and street (or P.O. box number if mail is not delivered to street address)1011 Lake Street Suite 202
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Oak Park, IL60301
A Employer identification number

20-5836042
B Telephone number (see instructions)

(708) 652-6421
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$2,033,361J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 168 168  
4 Dividends and interest from securities... 27,388 27,388  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -148,113
b Gross sales price for all assets on line 6a 967,672
7 Capital gain net income (from Part IV, line 2)... 0
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........ -120,557 27,556  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
17,900 0 0 17,900
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,122 243    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,909 3,822   7,087
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 29,931 4,065 0 24,987
25 Contributions, gifts, grants paid....... 713,600 713,600
26 Total expenses and disbursements. Add lines 24 and 25 743,531 4,065 0 738,587
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -864,088
b Net investment income (if negative, enter -0-) 23,491
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............. 984,803 256,614 256,614
2 Savings and temporary cash investments......... 8,377 38 38
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,125,528 Click to see attachment
List of Attached Documents:
// Content
1,176,709 		1,176,709
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 600,000 Click to see attachment
List of Attached Documents:
// Content
600,000 		600,000
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,718,708 2,033,361 2,033,361
Liabilities 17 Accounts payable and accrued expenses..........   7,777
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 7,777
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 2,718,708 2,025,584
29 Total net assets or fund balances (see instructions)..... 2,718,708 2,025,584
30 Total liabilities and net assets/fund balances (see instructions). 2,718,708 2,033,361
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
2,718,708
2
Enter amount from Part I, line 27a .....................
2
-864,088
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
170,964
4
Add lines 1, 2, and 3 ..........................
4
2,025,584
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,025,584
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 SHORT TERM D    
b LONG TERM D    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 78,692   81,122 -2,430
b 888,980   1,034,663 -145,683
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -2,430
b       -145,683
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -148,113
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) 1 327
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........................... 3 327
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- ..... 5 327
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 247
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 500
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 747
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 420
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow420 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? Click to see attachment
List of Attached Documents:
// Content
....................
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 changesClick to see attachment
List of Attached Documents:
// Content
....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
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 arrowIL
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 arrowMARY JO J HALL-SCHULER Telephone no.right arrow (708) 653-6421

Located atright arrow1011 LAKE STREET SUITE 202OAK PARKIL ZIP+4right arrow60301
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
 
No
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
MARY JO J HALL-SCHULER PRESIDENT/SECRETARY
10.0 		0 0 0
315 N EUCLID AVENUE
OAK PARK,IL60302
STEPHEN G SCHULER VICE PRESIDENT/TREASURER
5.0 		0 0 0
315 N EUCLID AVENUE
OAK PARK,IL60302
ANDREA G SCHULER DIRECTOR
1.0 		0 0 0
1011 Lake Street Suite 202
Oak Park,IL60301
RYAN W SCHULER DIRECTOR
1.0 		0 0 0
1011 Lake Street Suite 202
Oak Park,IL60301
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
 
Total number of other employees paid over $50,000...................right arrow  
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
 
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)
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
1,183,968
b
Average of monthly cash balances.......................
1b
585,948
c
Fair market value of all other assets (see instructions)................
1c
600,000
d
Total (add lines 1a, b, and c).........................
1d
2,369,916
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,369,916
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
35,549
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,334,367
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
116,718
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
116,718
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
327
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
327
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
116,391
4
Recoveries of amounts treated as qualifying distributions................
4
3,500
5
Add lines 3 and 4............................
5
119,891
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
119,891
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
738,587
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
738,587
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 7 119,891
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 1,000,271
b From 2019...... 2,984,320
c From 2020...... 1,365,216
d From 2021...... 3,023,144
e From 2022...... 1,835,154
f Total of lines 3a through e ........ 10,208,105
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 738,587
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 119,891
e Remaining amount distributed out of corpus 618,696
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 10,826,801
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...... 		 
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		1,000,271
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		9,826,530
10 Analysis of line 9:
a Excess from 2019.... 2,984,320
b Excess from 2020.... 1,365,216
c Excess from 2021.... 3,023,144
d Excess from 2022.... 1,835,154
e Excess from 2023.... 618,696
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).)
MARY JO J HALL-SCHULER
STEPHEN G SCHULER
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

Women's Global Education Project

136 N Marion St Suite 201
Oak Park,IL60301 		  PC Exempt Purpose of Organization 2,500

Ascension School

601 Van Buren St
Oak Park,IL60304 		  PC Exempt Purpose of Organization 3,000

Friends of the Oak Park Conservatory

615 Garfield Street
Oak Park,IL60304 		  PC Exempt Purpose of Organization 2,000

OPRF Community Foundation

1049 Lake St 204
Oak Park,IL60301 		  PC Exempt Purpose of Organization 11,000

Oak Park Education Foundation

260 Madison St
Oak Park,IL60302 		  PC Exempt Purpose of Organization 2,500

Parks Foundation of Oak Park

218 Madison St
Oak Park,IL60302 		  PC Exempt Purpose of Organization 53,000

OPRF Infant Welfare Society

320 Lake Street
Oak Park,IL60302 		  PC Exempt Purpose of Organization 13,000

Collaboration for Early Childhood Care

123 Madison RM 2019
Oak Park,IL60302 		  PC Exempt Purpose of Organization 10,000

One Earth Film Fest

805 Lake Street 177
Oak Park,IL60301 		  PC Exempt Purpose of Organization 2,000

Misericordia

6300 North Ridge Avenue
Chicago,IL60660 		  PC Exempt Purpose of Organization 3,000

Growing Community Media

141 S Oak Park Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 28,000

New Foundation of Hope

8146 Kedzie Ave
Chicago,IL60652 		  PC Exempt Purpose of Organization 3,500

Hephzibah Children's Association

1144 Lake St
Oak Park,IL60301 		  PC Exempt Purpose of Organization 10,000

San Miguel Back of the Yards School

1954 W 48th St
Chicago,IL60609 		  PC Exempt Purpose of Organization 3,000

Huskie Wrestling Family

201 Scoville Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 15,000

Planned Parenthood Federation of America

123 William St
New York,NY10038 		  PC Exempt Purpose of Organization 3,000

PACTT Learning Center

1040 North Blvd 250
Oak Park,IL60301 		  PC Exempt Purpose of Organization 2,000

Beat the Streets Chicago

2189 W Bowler Street
Chicago,IL60612 		  PC Exempt Purpose of Organization 25,000

Sarah's Inn

309 Harrison St
Oak Park,IL60304 		  PC Exempt Purpose of Organization 20,000

Dominican University

7900 Division St
River Forest,IL60305 		  PC Exempt Purpose of Organization 12,500

Opportunity Knocks

8020 Madison St
River Forest,IL60305 		  PC Exempt Purpose of Organization 13,000

Maywood Fine Arts

25 N 5th Ave
Maywood,IL60153 		  PC Exempt Purpose of Organization 15,000

Julian Middle School

416 S Ridgeland Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 8,332

WSSRA

2915 Maple St
Franklin Park,IL60131 		  PC Exempt Purpose of Organization 10,000

Openlands

25 E Washington St Ste 1650
Chicago,IL60602 		  PC Exempt Purpose of Organization 5,000

Beyond Hunger

848 Lake St
Oak Park,IL60301 		  PC Exempt Purpose of Organization 2,500

Animal Care League

1013 Garfield Street
Oak Park,IL60304 		  PC Exempt Purpose of Organization 5,000

Thrive

120 S Madison St
Oak Park,IL60302 		  PC Exempt Purpose of Organization 40,000

Oak Park Art League

720 Chicago Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 3,000

New Moms

5317 West Chicago Avenue
Chicago,IL60651 		  PC Exempt Purpose of Organization 7,500

Triton College Foundation

2000 5th Ave
River Grove,IL60171 		  PC Exempt Purpose of Organization 1,000

Seven Generations Ahead

1040 Lake Street
Oak Park,IL60301 		  PC Exempt Purpose of Organization 3,000

Serve & Return

2200 E Devon Ave Ste 319
Des Plaines,IL60018 		  PC Exempt Purpose of Organization 3,500

Vocel

5317 W Chicago Ave
Chicago,IL60651 		  PC Exempt Purpose of Organization 2,000

Chicago Foundation for Women

140 S Dearborn St 400
Chicago,IL60603 		  PC Exempt Purpose of Organization 3,000

OPRFHS Football

201 Scoville Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 10,500

Pro Musica Youth Chorus

PO Box 2082
Oak Park,IL60303 		  PC Exempt Purpose of Organization 2,500

OPRF Youth Football and Cheer

201 Scoville Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 5,000

Special Olympics Illinois

605 E Willow St
Normal,IL61761 		  PC Exempt Purpose of Organization 3,500

PING

PO Box 1963
Oak Park,IL60304 		  PC Exempt Purpose of Organization 3,000

OPRFHS Field Hockey

201 Scoville Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 5,000

Chicago Survivors

1010 West 35th Suite 510
Chicago,IL60609 		  PC Exempt Purpose of Organization 2,000

The Field School

931 Lake St
Oak Park,IL60301 		  PC Exempt Purpose of Organization 5,000

Glenbard East Best Buddies

1014 South Main Street
Lombard,IL60148 		  PC Exempt Purpose of Organization 1,500

Longfellow Elementary School PTO

715 Highland Ave
Oak Park,IL60304 		  PC Exempt Purpose of Organization 5,301

Lincoln Elementary School PTO

1111 S Grove Ave
Oak Park,IL60304 		  PC Exempt Purpose of Organization 4,529

Holmes Elementary School PTO

500 N Kenilworth Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 5,344

Washington Irving PTO

1125 S Cuyler Ave
Oak Park,IL60304 		  PC Exempt Purpose of Organization 5,343

Whittier Elementary School PTO

715 N Harvey Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 4,296

Horace Mann School PTO

921 N Kenilworth Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 1,721

Beye School PTO

230 N Cuyler Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 2,750

Hatch Elementary PTO

1000 N Ridgeland Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 2,887

The Day Nursery

1139 Randolph St
Oak Park,IL60302 		  PC Exempt Purpose of Organization 4,000

Facing History

2 N Lasalle St 2300
Chicago,IL60602 		  PC Exempt Purpose of Organization 2,000

Friends of the Children

1612 South Blvd
Evanston,IL60202 		  PC Exempt Purpose of Organization 5,000

Housing Forward

6634 W Roosevelt Road 2nd Floor
Oak Park,IL60304 		  PC Exempt Purpose of Organization 17,000

OPRFHS Huskie Boosters

201 North Scoville Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 10,000

OPRFHS Best Buddies

201 North Scoville Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 5,000

American Civil Liberties Union

125 Broad Street 18th Floor
New York,NY10004 		  PC Exempt Purpose of Organization 1,500

Amity School

PO Box 5603
River Forest,IL60305 		  PC Exempt Purpose of Organization 7,500

Autism Speaks

1 E 33rd St
New York,NY10016 		  PC Exempt Purpose of Organization 1,000

NAMI

1801 W Warner Ave Suite 202
Chicago,IL60613 		  PC Exempt Purpose of Organization 2,000

Naperville Youth Symphony Orchestra

1607 Legacy Circle
Naperville,IL60563 		  PC Exempt Purpose of Organization 2,000

OPRF Museum

129 Lake St
Oak Park,IL60302 		  PC Exempt Purpose of Organization 2,000

Prismatic

4419 N Kenneth Avenue
Chicago,IL60630 		  PC Exempt Purpose of Organization 1,000

Race Conscious Dialogues

633 Belleforte Avenue
Oak Park,IL60302 		  PC Exempt Purpose of Organization 2,000

Saint Giles-St Catherine Build a New Reality

27 Washington Blvd
Oak Park,IL60302 		  PC Exempt Purpose of Organization 10,000

Suburban Unity Alliance

805 Lake Street 173
Oak Park,IL60301 		  PC Exempt Purpose of Organization 8,000

Ascend Together

5704 Green Pine Rd
Cedar Grove,NC272319398 		  PC Exempt Purpose of Organization 1,000

Gwendolyn Brooks PTO

325 S Kenilworth Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 9,497

Catholic Theological Union

5401 S Cornell
Chicago,IL60615 		  PC Exempt Purpose of Organization 5,000

Chicago Community Trust

33 S State Street NO 750
Chicago,IL60603 		  PC Exempt Purpose of Organization 2,500

Chicago Furniture Bank

4801 S Whipple St
Chicago,IL60632 		  PC Exempt Purpose of Organization 5,000

Guitars Over Guns Organization

169 E Flagler Street
Suite 1134
Miami,FL33131 		  PC Exempt Purpose of Organization 2,000

On Being Project

1619 Hennepin Avenue South
Minneapolis,MN55403 		  PC Exempt Purpose of Organization 500

OPRFHS Imagine Foundation

1011 Lake Street
Oak Park,IL60301 		  PC Exempt Purpose of Organization 150,000

Play for Lot

8252 Fullerton Ave
River Grove,IL60171 		  PC Exempt Purpose of Organization 2,000

Pro Bono Network

PO Box 469
Oak Park,IL60303 		  PC Exempt Purpose of Organization 1,500

Urban Pioneer Society

918 N Marion St
Oak Park,IL60302 		  PC Exempt Purpose of Organization 1,500

Close Up

671 N Glebe Road 900
Arlington,VA22203 		  PC Exempt Purpose of Organization 12,000

Community of Congregations

38 N Austin Blvd
Oak Park,IL60302 		  PC Exempt Purpose of Organization 1,000

Dunham Dragons

4638 N Melvina Ave
Chicago,IL60630 		  PC Exempt Purpose of Organization 500

German School Chicago

1726 W Berteau Ave
Chicago,IL60613 		  PC Exempt Purpose of Organization 2,500

Jack & Jill of America

1930 17th St NW
Washington,DC20009 		  PC Exempt Purpose of Organization 2,500

KTs Kids

1930 W Bradley Place
Chicago,IL60613 		  PC Exempt Purpose of Organization 1,500

Set the Expectation

201 North Scoville Ave
Oak Park,IL60302 		  PC Exempt Purpose of Organization 7,000

SRCA

3920 N Washington St
Westmont,IL60559 		  PC Exempt Purpose of Organization 2,000

American Friends of Versailles

980 N Michigan Avenue 1400
Chicago,IL60611 		  PC Exempt Purpose of Organization 1,000

Parkinson's Foundation

1028 N Rush St
Chicago,IL60611 		  PC Exempt Purpose of Organization 1,500

Trinity High School

7574 Division St
River Forest,IL60305 		  PC Exempt Purpose of Organizatin 4,500

WBEZ

848 E Grand Ave Navy Pier
Chicago,IL60611 		  PC Exempt Purpose of Organization 1,100
Total .................................right arrow 3a 713,600
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 168  
4 Dividends and interest from securities ....     14 27,388  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -148,113  
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) ..   -120,557  
13Total. Add line 12, columns (b), (d), and (e)..................
13
-120,557
(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


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Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

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

TY 2023 DepreciationSchedule
Name:
Good Heart Work Smart Foundation
EIN:
20-5836042
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

TY 2023 InvestmentsCorpStockSchedule
Name:
Good Heart Work Smart Foundation
EIN:
20-5836042
Name of Stock End of Year Book Value End of Year Fair Market Value
INVESTMENTS - BERSTEIN 926,711 926,711
INVESTMENTS - PALADIN PBC 249,998 249,998

TY 2023 InvestmentsOtherSchedule2
Name:
Good Heart Work Smart Foundation
EIN:
20-5836042
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENTS - HONEST GAME   600,000 600,000

TY 2023 LegalFeesSchedule
Name:
Good Heart Work Smart Foundation
EIN:
20-5836042
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
6280 - LEGAL FEES 850     850
6270 - PROFESSIONAL FEES 17,050     17,050


TY 2023 OtherExpensesSchedule
Name:
Good Heart Work Smart Foundation
EIN:
20-5836042
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 6,417     6,417
MANAGEMENT FEE 3,822 3,822    
BANK SERVICE CHARGES 670     670


TY 2023 OtherIncreasesSchedule
Name:
Good Heart Work Smart Foundation
EIN:
20-5836042
Description Amount
BERNSTEIN UNREALIZED GAIN 167,464
RECOVERY OF AMOUNTS PREVIOUSLY TREATED 0
AS QUALIFYING DISTRIBUTIONS: 3,500


TY 2023 TaxesSchedule
Name:
Good Heart Work Smart Foundation
EIN:
20-5836042
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAID 879      
FOREIGN TAX PAID 243 243