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
THE ARMSTRONG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 470338
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FORT WORTH, TX76147
A Employer identification number

75-6003209
B Telephone number (see instructions)

(817) 737-7117
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$28,056,520J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 84,374 84,374  
4 Dividends and interest from securities... 471,038 471,038  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
729,291
b Gross sales price for all assets on line 6a 8,064,632
7 Capital gain net income (from Part IV, line 2)... 3,405
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)....... Click to see attachment
List of Attached Documents:
// Content
617,000 617,000  
12 Total. Add lines 1 through 11........ 1,901,703 1,175,817  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 215,958 62,927 34,255 118,776
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 68,036 30,696   37,340
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,750 6,750    
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,894 12,894    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
74 74  
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
170,988 161,582   9,406
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 474,700 274,923 34,255 165,522
25 Contributions, gifts, grants paid....... 1,235,130 1,235,130
26 Total expenses and disbursements. Add lines 24 and 25 1,709,830 274,923 34,255 1,400,652
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 191,873
b Net investment income (if negative, enter -0-) 900,894
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.............      
2 Savings and temporary cash investments......... 259,837 318,616 318,616
3 Accounts receivable right arrow23,801
Less: allowance for doubtful accounts right arrow   36,833 23,801 23,801
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).......      
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).......... 22,549,591 Click to see attachment
List of Attached Documents:
// Content
22,685,700 		27,026,950
14 Land, buildings, and equipment: basis right arrow80,371
Less: accumulated depreciation (attach schedule) right arrow72,564 6,960 Click to see attachment
List of Attached Documents:
// Content
7,807 		80,371
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
334,232 		Click to see attachment
List of Attached Documents:
// Content
334,232 		Click to see attachment
List of Attached Documents:
// Content
606,782
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,187,453 23,370,156 28,056,520
Liabilities 17 Accounts payable and accrued expenses..........   3,830
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) Click to see attachment
List of Attached Documents:
// Content
-393 		Click to see attachment
List of Attached Documents:
// Content
-871
23 Total liabilities (add lines 17 through 22)......... -393 2,959
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 23,187,846 23,367,197
29 Total net assets or fund balances (see instructions)..... 23,187,846 23,367,197
30 Total liabilities and net assets/fund balances (see instructions). 23,187,453 23,370,156
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
23,187,846
2
Enter amount from Part I, line 27a .....................
2
191,873
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
23,379,719
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
12,522
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,367,197
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (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
b
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 3,405
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 12,522
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 12,522
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 12,522
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 13,393
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 13,393
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 10 871
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow871 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (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 changes....
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.
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 arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.ARMSTRONGFDN.ORG
14
The books are in care ofright arrowLAURA HARRISON Telephone no.right arrow (817) 737-7191

Located atright arrowP O BOX 470338FORT WORTHTX ZIP+4right arrow761470338
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
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
T K ARMSTRONG JR PRESIDENT
20.00 		59,331 0 0
P O BOX 470338
FORT WORTH,TX76147
LAURA J HARRISON SECRETARY
30.00 		54,451 0 0
P O BOX 470338
FORT WORTH,TX76147
ALLEN L ARMSTRONG TREASURER
5.00 		9,776 0 0
P O BOX 470338
FORT WORTH,TX76147
ALEX D ARMSTRONG TRUSTEE
5.00 		5,577 0 0
P O BOX 470338
FORT WORTH,TX76147
CHRISTIAN G SIEGENTHALER TRUSTEE
5.00 		5,577 0 0
P O BOX 470338
FORT WORTH,TX76147
KATE BRITAIN KEY EMPLOYEE
5.00 		5,577 0 0
P O BOX 470338
FORT WORTH,TX76147
JOHN LEE HARRISON OFFICER
30.00 		75,669 0 0
P O BOX 470338
FORT WORTH,TX76147
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
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
26,223,077
b
Average of monthly cash balances.......................
1b
289,227
c
Fair market value of all other assets (see instructions)................
1c
799,597
d
Total (add lines 1a, b, and c).........................
1d
27,311,901
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
 
3
Subtract line 2 from line 1d.........................
3
27,311,901
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
409,679
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
26,902,222
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,345,111
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
1,345,111
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
12,522
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
12,522
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,332,589
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,332,589
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
1,332,589
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
1,400,652
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,400,652
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 1,332,589
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 4,765
c From 2020......  
d From 2021......  
e From 2022...... 6,808
f Total of lines 3a through e ........ 11,573
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,400,652
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 1,332,589
e Remaining amount distributed out of corpus 68,063
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 79,636
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		79,636
10 Analysis of line 9:
a Excess from 2019.... 4,765
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 6,808
e Excess from 2023.... 68,063
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).)
NONE
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.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
T K ARMSTRONG JR
P O BOX 470338
FORT WORTH,TX76147
(817) 737-7117
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION CAN BE MADE AT WEBSITE WWW.ARMSTRONGFDN.ORG. PROPOSALS MUST BE ACCOMPANIED BY AN IRS LETTER SHOWING THEIR TAX-EXEMPT STATUS.
cAny submission deadlines:
PROPOSALS MAY BE SUBMITTED ANY TIME DURING THE YEAR.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO 501(C)(3) TAX-EXEMPT INSTITUTIONS AND ORGANIZATIONS ADVOCATING THE PERPETUATION OF CONSTITUTIONAL GOVERNMENT AND ITS FREEDOMS. OUR TRUSTEES ARE PARTICULARLY SUPPORTIVE OF THOSE INSTITUTIONS AND ORGANIZATIONS DIRECTING THEIR ACTIVITIES IN THE EDUCATIONAL PROCESSES OF THE FREE ENTERPRISE SYSTEM, THE BENEFITS OF LIMITED GOVERNMENT AND THE BASIC PRINCIPLES OF AMERICAN IDEALS ESPOUSED BY THE FOUNDING FATHERS OF THIS GREAT NATION. WE DO NOT SUPPORT BRICKS AND MORTAR PROJECTS. ADDITIONALLY, NO GRANTS ARE MADE TO INDIVIDUALS UNLESS PRIOR APPROVAL BY THE IRS.
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

ATLAS NETWORK-ATLAS ECONOMIC RESEAR

4075 WILSON BLVD SUITE 3
ARLINGTON,VA222031797 		    NATIONAL AND STATE POLICY 22,500

TALENT MARKET CO AMERICA'S FUTURE

1367 CONNECTICUT AVE NW S
WASHINGTON,DC200361859 		    EDUCATION 5,000

FREEDOMWORKS FOUNDATION

111 K ST NE 6TH FLOOR
WASHINGTON,DC200020000 		    NATIONAL AND STATE POLICY 20,000

INDEPENDENT WOMENS FORUM

4 WEEMS LANE 312
WINCHESTER,VA226013602 		    EDUCATION 5,000

CATO INSTITUTE

1000 MASSACHUSETTS AVE NW
WASHINGTON,DC200015401 		    NATIONAL AND STATE POLICY 20,000

AMERICAS FUTURE FOUNDATION

1367 CONNECTICUT AVENUE N
WASHINGTON,DC20036 		    NATIONAL AND STATE POLICY 15,000

MISSISSIPPI CENTER FOR PUBLIC POLIC

520 GEORGE ST
JACKSON,MS392023013 		    NATIONAL AND STATE POLICY 25,000

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI492421205 		    EDUCATION 20,000

FREE THE PEOPLE FIGHT THE POWER FOU

611 PENNSYLVANIA AVE SE 2
WASHINGTON,DC200034303 		    NATIONAL AND STATE POLICY 25,000

PHILANTHROPY ROUNDTABLE

1120 20TH ST NW STE 400
WASHINGTON,DC200363596 		    EDUCATION 7,500

JACK MILLER CENTER FOR TEACHING AME

3 BALA PLAZA WEST STE401
BALA CYNWYD,PA190043408 		    EDUCATION 25,000

AMERICAN LEGISLATIVE EXCHANGE COUNC

2733 CRYSTAL DR STE 1000
ARLINGTON,VA222023585 		    NATIONAL AND STATE POLICY 18,000

THE FUND FOR AMERICAN STUDIES

1706 NEW HAMPSHIRE AVE NW
WASHINGTON,DC200092502 		    EDUCATION 35,000

FOUNDATION FOR ECONOMIC EDUCATION

1776 PEACHTREE ST NW STE
ATLANTA,GA303092311 		    EDUCATION 40,000

FRANKLIN NEWS FOUNDATION

20 N CLARK STREET 2100
CHICAGO,IL606020000 		    MEDIA 10,000

DAILY CALLER NEWS FOUNDATION

1775 EYE ST NW
WASHINGTON,DC200062402 		    MEDIA 10,000

AMERICAN PRIVATE RADIO

1739 UNIVERSITY AVE 341
OXFORD,MS386554109 		    MEDIA 15,000

BILL OF RIGHTS INSTITUTE

1310 N COURTHOUSE RD STE
ARLINGTON,VA222012594 		    NATIONAL AND STATE POLICY 45,000

LUDWIG VON MISES INSTITUTE FOR AUST

518 W MAGNOLIA AVE
AUBURN,AL368324501 		    EDUCATION 10,000

STUDENTS FOR LIBERTY INCORPORATED

1750 TYSONS BLVD STE 1500
MC LEAN,VA221024200 		    EDUCATION 20,000

NATIONAL RIGHT TO WORK LEGAL DEFENS

8001 BRADDOCK RD STE 600
SPRINGFIELD,VA221512110 		    LEGAL DEFENSE OF CONSTITUTION 15,000

PACIFIC LEGAL FOUNDATION

555 CAPITOL MALL STE 1290
SACRAMENTO,CA958144605 		    LEGAL DEFENSE OF CONSTITUTION 30,000

LEADERSHIP INSTITUTE

1101 N HIGHLAND ST
ARLINGTON,VA222012807 		    EDUCATION 45,000

PRAGER UNIVERSITY FOUNDATION

15021 VENTURA BLVD
SHERMAN OAKS,CA914032442 		    EDUCATION 30,000

CURE - CENTER FOR URBAN RENEWAL AND

1317 F STREET NW
WASHINGTON,DC200041105 		    NATIONAL AND STATE POLICY 10,000

YOUNG AMERICAS FOUNDATION

11480 COMMERCE PARK DR ST
RESTON,VA201911556 		    EDUCATION 22,500

BETTER CITIES PROJECT

6 CROSSETT LN
CARSON CITY,NV897060312 		    EDUCATION 10,000

CERTELL INC

2201 E 46TH ST SUITE 302
INDIANAPOLIS,IN462051449 		    EDUCATION 25,000

COMPETITIVE ENTERPRISE INSTITUTE

1310 L STREET NW 7TH FL
WASHINGTON,DC200054383 		    EDUCATION 20,000

FOUNDATION FOR INDIVIDUAL RIGHTS AN

510 WALNUT ST STE 900
PHILADELPHIA,PA191063621 		    LEGAL DEFENSE OF CONSTITUTION 17,500

INDEPENDENT INSTITUTE

100 SWAN WAY STE 200
OAKLAND,CA946211459 		    NATIONAL AND STATE POLICY 30,000

BARRY GOLDWATER INSTITUTE FOR PUBLI

500 E CORONADO RD
PHOENIX,AZ850041543 		    LEGAL DEFENSE OF CONSTITUTION 28,000

THE REASON FOUNDATION

5737 MESMER AVE
LOS ANGELES,CA902306316 		    NATIONAL AND STATE POLICY 30,000

BALLOTPEDIA-LUCY BURNS INSTITUTE IN

8383 GREENWAY BLVD STE 60
MIDDLETON,WI535624659 		    NATIONAL AND STATE POLICY 15,000

ASHBROOK CENTER AT ASHLAND UNIVERSI

401 COLLEGE AVE
ASHLAND,OH448053702 		    EDUCATION 35,000

TEXAS PUBLIC POLICY FOUNDATION

901 CONGRESS AVENUE
AUSTIN,TX787012421 		    NATIONAL AND STATE POLICY 27,500

HERITAGE FOUNDATION

214 MASSACHUSETTS AVENUE
WASHINGTON,DC200024958 		    NATIONAL AND STATE POLICY 45,000

INSTITUTE FOR HUMANE STUDIES

3434 WASHINGTON BLVD MS 1
ARLINGTON,VA222014540 		    EDUCATION 25,000

AMERICAN INSTITUTE FOR ECONOMIC RES

PO BOX 1000
GT BARRINGTON,MA012301000 		    EDUCATION 10,000

TAX FOUNDATION

1325 G ST NW STE 950
WASHINGTON,DC200053181 		    NATIONAL AND STATE POLICY 20,000

FREE TO CHOOSE NETWORK

2002 FILMORE AVE
ERIE,PA165062930 		    NATIONAL AND STATE POLICY 17,500

FEDERALIST SOCIETY FOR LAW & PUBLIC

1776 I ST NW STE 300
WASHINGTON,DC200063774 		    NATIONAL AND STATE POLICY 15,000

FOUNDATION FOR GOVERNMENT ACCOUNTAB

15275 COLLIER BLVD STE 20
NAPLES,FL341196750 		    NATIONAL AND STATE POLICY 10,000

STATE POLICY NETWORK

1655 FORT MYER DR STE 360
ARLINGTON,VA222093108 		    NATIONAL AND STATE POLICY 37,500

MEDIA RESEARCH CENTER

2340 DULLES CORNER BLVD S
HERNDON,VA201713400 		    MEDIA 25,000

YOUNG VOICES

1701 RHODE ISLAND AVE NW
WASHINGTON,DC200363001 		    EDUCATION 10,000

MOVING PICTURES INSTITUTE

375 GREENWICH ST
NEW YORK,NY100132376 		    MEDIA 30,000

THE POLICY CIRCLE

1189 WILMETTE AVE
WILMETTE,IL600912719 		    NATIONAL AND STATE POLICY 10,000

LAW & ECONOMICS CENTER-GEORGE MASON

4400 UNIVERSITY DRIVE MSN
FAIRFAX,VA220304422 		    EDUCATION 15,000

CENTER FOR INDEPENDENT THOUGHT

50 MONUMENT RD STE 102
BALA CYNWYD,PA190041706 		    EDUCATION 17,500

MERCATUS CENTER INC

3434 WASHINGTON BLVD STE
ARLINGTON,VA222014541 		    EDUCATION 25,000

INSTITUTE FOR JUSTICE

901 N GLEBE RD STE 900
ARLINGTON,VA222031854 		    NATOINAL AND STATE POLICY 30,000

AMERICAN ENT INST FOR PUB POLICY

1789 MASSACHUSETTS AVE NW
WASHINGTON,DC200362103 		    NATIONAL AND STATE POLICY 37,500

CONSTITUTING AMERICA INC

PO BOX 1988
COLLEYVILLE,TX760341988 		    NATIONAL AND STATE POLICY 20,000

INTERCOLLEGIATE STUDIES INSTITUTE

3901 CENTERVILLE RD
WILMINGTON,DE198071938 		    EDUCATION 37,500

NETWORK OF ENLIGHTENED WOMEN INC-NE

6501 DEAN RD
INDIANAPOLIS,IN462203801 		    EDUCATION 5,000

ALLIANCE FOR CHILDREN

908 SOUTHLAND AVENUE
FORT WORTH,TX76104 		    EDUCATION 4,980

ACH CHILD AND FAMILY SERVICES

3712 WICHITA ST
FORT WORTH,TX761192866 		    EDUCATION 2,490

BOTH ENDS BELIEVING

5101 TENNYSON PKWY
PLANO,TX75024 		    EDUCATION 830

LENA POPE HOME INC

3200 SANGUINET ST
FORT WORTH,TX76107 		    EDUCATION 830
Total .................................right arrow 3a 1,235,130
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 84,374  
4 Dividends and interest from securities ....     14 471,038  
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 .....     15 617,000  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 3,405 725,886
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) ..   1,175,817 725,886
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,901,703
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING EXPENSES 6,750 6,750    

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TY 2023 DepreciationSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
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
CONDO LAND 1983-09-01 5,362              
ELECTRIC LOCKS 1986-12-01 167 167 S/L 5.0000        
IBM PC SOFTWARE 1983-06-30 3,066 3,066 S/L 5.0000        
CALCULATOR 1983-08-31 109 109 S/L 3.0000        
DESK 1983-08-31 656 656 S/L 10.0000        
SANGER HARRIS CH 1984-07-31 307 307 S/L 5.0000        
IBM TYPEWRITER 1984-09-30 1,050 1,050 S/L 5.0000        
CHAIR 1984-10-31 240 240 S/L 5.0000        
INWOOD TYPEWRITER 1985-04-17 1,538 1,538 S/L 5.0000        
TELEPHONE 1985-07-30 332 332 S/L 5.0000        
TELEPHONE 1985-09-04 995 995 S/L 5.0000        
COMPUTER CHIP 1989-01-26 280 280 S/L 5.0000        
FILE DRAWERS 1989-02-09 665 665 S/L 5.0000        
COMPUTER 1990-06-28 2,794 2,794 S/L 5.0000        
CHAIR 1991-06-12 279 279 S/L 5.0000        
FURNITURE 1991-07-03 586 586 S/L 5.0000        
PRINTER 1993-06-08 350 350 S/L 5.0000        
NEW PHONE SYSTEM 1998-05-26 1,019 1,019 S/L 5.0000        
CONDO OFFICE BUILDING 1983-09-01 44,242 44,242 S/L 25.0000        
VARIOUS 1957-01-01 1,106 1,106 S/L 5.0000        
DICTAPHONE 1983-06-30 890 890 S/L 5.0000        
LENNOX 4 TON A/C-HEAT UNIT 2005-08-22 2,886 1,286 S/L 39.0000 74 74    
OPTIPLEX 210L COMPUTER 2006-06-23 1,555 1,555 200DB 5.0000        
OFFICE EQUIPMENT 2008-10-20 1,553 1,553 200DB 5.0000        
OFFICE EQUIPMENT 2009-01-29 1,205 1,205 200DB 5.0000        
COMPUTER 2014-05-23 1,000 1,000 200DB 5.0000        
PRINTER 2014-06-17 999 999 200DB 5.0000        
FURNITURE & FIXTURES 2019-02-22 221 221 200DB 7.0000        
FURNITURE & FIXTURES 2019-03-21 398 398 200DB 7.0000        
3 CHAIRS 2019-04-11 753 753 200DB 7.0000        
FURNITURE & FIXTURES 2019-05-16 1,113 1,113 200DB 7.0000        
FURNITURE & FIXTURES 2020-08-21 969 969 200DB 7.0000        
CONDO OFFICE 2022-03-25 764 764 200DB 7.0000        
DELL COMPUTER 2023-12-27 920   S/L 7.0000        

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TY 2023 GainLossSaleOtherAssetsSch
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
ALBEMARLE CORP 2023-05 PURCHASE 2023-07   31,517 38,214     -6,697  
AMERICAN EXPRESS CO 2023-01 PURCHASE 2023-02   5,067 4,382     685  
AMGEN INC 2023-01 PURCHASE 2023-03   7,382 8,856     -1,474  
BROADCOM INC 2022-12 PURCHASE 2023-01   59,327 43,014     16,313  
BLACKROCK INC 2022-12 PURCHASE 2023-08   11,197 10,863     334  
BOEING COMPANY 2022-12 PURCHASE 2023-01   14,842 12,997     1,845  
BOSTON SCIENTIFIC CORP 2023-02 PURCHASE 2023-08   4,307 3,952     355  
BRISTOL MYERS SQUIBB CO 2022-05 PURCHASE 2023-01   25,367 26,116     -749  
CIGNA CORP 2022-07 PURCHASE 2023-01   58,643 57,043     1,600  
COMCAST CORP 2023-01 PURCHASE 2023-03   1,994 1,958     36  
CROWN CASTLE INC 2023-01 PURCHASE 2023-05   19,991 25,687     -5,696  
DIGITAL RLTY TR 2023-06 PURCHASE 2023-08   6,746 5,789     957  
DEERE CO 2023-01 PURCHASE 2023-07   12,838 13,666     -828  
D R HORTON INC 2023-02 PURCHASE 2023-03   9,805 8,177     1,628  
EQUITY RESIDENTIAL REIT 2022-01 PURCHASE 2023-01   6,061 8,913     -2,852  
ENTERGY COPR 2023-01 PURCHASE 2023-06   17,318 18,955     -1,637  
EXXON MOBIL CORP 2023-01 PURCHASE 2023-08   7,457 7,457        
EATON CORP 2023-01 PURCHASE 2023-08   6,322 4,467     1,855  
EMERSON ELECTRIC 2023-01 PURCHASE 2023-08   1,618 1,489     129  
FIFTH THIRD CANCORP 2023-01 PURCHASE 2023-02   18,441 24,331     -5,890  
META PLATFORMS 2023-07 PURCHASE 2023-08   57,922 56,377     1,545  
FERRARI NV 2023-10 PURCHASE 2023-12   2,132 1,875     257  
GENERAL DYNAMICS 2023-01 PURCHASE 2023-03   9,399 9,971     -572  
GENERAL MOTORS 2023-02 PURCHASE 2023-08   21,096 28,708     -7,612  
HCA HEALTHCARE 2023-01 PURCHASE 2023-03   14,016 14,529     -513  
HEWLETT PACKARD 2023-01 PURCHASE 2023-03   13,646 14,672     -1,026  
HILTON WORLDWIDE 2022-11 PURCHASE 2023-07   3,225 2,956     269  
INTERPUBLIC GROUP 2023-05 PURCHASE 2023-09   2,619 3,421     -802  
JOHNSON AND JOHNSON 2023-01 PURCHASE 2023-02   20,355 21,615     -1,260  
KRAFT HEINZ CO 2023-01 PURCHASE 2023-03   5,392 5,972     -580  
ELI LILLY & CO 2023-01 PURCHASE 2023-03   39,467 29,644     9,823  
MARVELL TECH INC 2022-10 PURCHASE 2023-03   15,386 19,282     -3,896  
MEDTRONIC PLC 2023-01 PURCHASE 2023-03   4,285 3,987     298  
S & P GLOBAL 2023-07 PURCHASE 2023-08   5,121 5,121        
MCCORMICK 2023-06 PURCHASE 2023-10   19,603 29,189     -9,586  
MCDONALDS 2022-11 PURCHASE 2023-01   27,674 28,225     -551  
NVIDIA 2023-01 PURCHASE 2023-06   30,212 13,615     16,597  
NEXTERA ENERGY 2023-08 PURCHASE 2023-10   4,251 5,508     -1,257  
NUTRIEN 2023-01 PURCHASE 2023-05   29,926 41,822     -11,896  
NIKE INC 2023-01 PURCHASE 2023-01   46,805 51,943     -5,138  
NORTHRUP GRUMMAN 2022-12 PURCHASE 2023-01   38,148 45,502     -7,354  
O'REILLY AUTOMOTIVE 2022-12 PURCHASE 2023-01   16,427 16,080     347  
PRINCIPAL FINANCIAL GROUP 2023-01 PURCHASE 2023-03   11,528 14,442     -2,914  
PALO ALTO NETWORKS 2022-09 PURCHASE 2023-01   43,477 38,699     4,778  
PEPSICO INC 2023-01 PURCHASE 2023-03   3,043 2,860     183  
PROCTER & GAMBLE 2022-04 PURCHASE 2023-01   34,025 38,931     -4,906  
PROGRESSIVE CORP 2022-05 PURCHASE 2023-01   24,278 21,385     2,893  
REALTY INCOME CORP 2023-01 PURCHASE 2023-08   12,734 14,727     -1,993  
SCHLUMBERGER 2022-10 PURCHASE 2023-01   17,833 13,305     4,528  
CHARLES SCHWAB 2022-12 PURCHASE 2023-01   45,868 49,122     -3,254  
SERVICENOW 2023-01 PURCHASE 2023-08   18,249 15,319     2,930  
SYNCHRONY FINANCIAL 2023-01 PURCHASE 2023-07   5,796 6,007     -211  
ELEVANCE HEALTH INC 2022-01 PURCHASE 2023-01   18,442 17,071     1,371  
STARBUCKS CORP 2022-09 PURCHASE 2023-01   54,812 52,658     2,154  
TRUIST FINANCIAL 2023-01 PURCHASE 2023-03   11,100 17,221     -6,121  
TEXAS INSTRUMENTS 2023-01 PURCHASE 2023-03   15,683 17,204     -1,521  
TARGET CORP 2023-01 PURCHASE 2023-06   9,193 11,961     -2,768  
3M COMPANY 2023-08 PURCHASE 2023-10   15,210 18,260     -3,050  
THRMO FISHER SCIENTIFIC 2022-08 PURCHASE 2023-08   14,820 17,943     -3,123  
TORONTO DOMINION BANK 2022-04 PURCHASE 2002-01   26,275 27,809     -1,534  
UNITED PARCEL SERVICE 2023-01 PURCHASE 2023-05   10,898 11,269     -371  
UNITED HEALTH GROUP 2023-01 PURCHASE 2023-02   29,804 29,022     782  
VALERO ENERGY 2023-02 PURCHASE 2023-04   24,445 28,101     -3,656  
VERIZON COMMUNICATION 2023-01 PURCHASE 2023-07   20,714 24,557     -3,843  
VICI PROPERTIES 2023-01 PURCHASE 2023-09   6,984 8,310     -1,326  
ZOETIS INC 2022-11 PURCHASE 2023-08   4,550 3,691     859  
XCEL ENERGY 2022-05 PURCHASE 2023-01   10,560 10,559     1  
WILLIAMS COMPANIES 2023-01 PURCHASE 2023-09   3,734 3,563     171  
ML 2217 L-T   PURCHASE                
ABBOTT LABS 2019-11 PURCHASE 2023-01   27,055 20,169     6,886  
AMAZON COM 2018-09 PURCHASE 2023-01   75,936 66,799     9,137  
PROLOGIS INC 2018-09 PURCHASE 2023-01   17,538 9,686     7,852  
ALPHABET INC 2018-12 PURCHASE 2023-01   90,830 51,040     39,790  
APPLE INC 2018-09 PURCHASE 2023-01   108,718 39,454     69,264  
BRISTOL MYERS SQUIBB CO 2022-05 PURCHASE 2023-05   32,072 37,786     -5,714  
COSTCO WHOLESALE 2018-09 PURCHASE 2023-01   35,786 18,824     16,962  
CHEVRON CORP 2020-09 PURCHASE 2023-01   67,558 38,487     29,071  
CONOCOPHILLIPS 2021-06 PURCHASE 2023-01   22,762 11,363     11,399  
DANAHER CORP 2018-09 PURCHASE 2023-01   48,440 20,508     27,932  
HONEYWELL INTL INC 2018-08 PURCHASE 2023-01   63,599 49,956     13,643  
HILTON WORLDWIDE 2020-03 PURCHASE 2023-01   35,622 19,987     15,635  
HOME DEPOT 2017-08 PURCHASE 2023-05   11,849 5,813     6,036  
JPMORGAN CHASE 2018-06 PURCHASE 2023-01   49,213 37,875     11,338  
MARVELL TECH INC 2021-03 PURCHASE 2023-01   21,408 27,789     -6,381  
MICROSOFT CORP 2018-09 PURCHASE 2023-01   112,611 47,763     64,848  
NEXTERRA ENERGY 2022-08 PURCHASE 2023-10   11,077 17,034     -5,957  
PARKER HANNIFIN CORP 2021-01 PURCHASE 2023-01   32,597 26,730     5,867  
PALO ALTO NETWORKS 2022-11 PURCHASE 2023-12   14,260 6,980     7,280  
PROCTOR & GAMBLE 2022-04 PURCHASE 2023-06   18,538 19,689     -1,151  
PROGRESSIVE CORP 2022-05 PURCHASE 2023-08   21,602 18,203     3,399  
SCHLUMBERGER 2022-10 PURCHASE 2002-10   2,479 1,850     629  
ELEVANCE HEALTH INC 2022-01 PURCHASE 2023-06   16,195 17,625     -1,430  
STARBUCKS CORP 2022-09 PURCHASE 2023-12   15,046 13,757     1,289  
THERMO FISHER SCIENTIFIC 2013-02 PURCHASE 2023-01   46,109 16,980     29,129  
TORONTO DOMINION BANK 2022-05 PURCHASE 2023-08   37,091 44,433     -7,342  
UNION PACIFIC CORP 2017-08 PURCHASE 2023-01   37,197 18,617     18,580  
VISA INC 2018-05 PURCHASE 2023-01   55,705 35,230     20,475  
ZOETIS INC 2019-06 PURCHASE 2023-01   48,027 31,331     16,696  
XCEL ENERGY 2022-05 PURCHASE 2023-08   22,411 28,628     -6,217  
WALMART INC 2018-09 PURCHASE 2023-01   24,946 16,349     8,597  
NEXTERRA ENERGY 2006-03 PURCHASE 2023-01   39,520 5,844     33,676  
JOHN HANCOCK DIVERSIFIED MACRO 2022-06 PURCHASE 2023-07   1,320 1,501     -181  
EATON VANCE GLOBAL MACRO 2022-06 PURCHASE 2023-07   654 635     19  
BRANDEYWINE GLOBAL 2022-02 PURCHASE 2023-07   566 586     -20  
ISHARES RS 2000 GROWTH 2021-05 PURCHASE 2023-07   250 284     -34  
AMERICAN CENTURY SM CAP 2021-05 PURCHASE 2023-01   4,988 5,563     -575  
ALLSPRING SPEC SMALL CAP 2021-07 PURCHASE 2023-01   5,767 6,516     -749  
JPMORGAN SMALL CAP 2021-08 PURCHASE 2023-07   1,056 1,573     -517  
ALLSPRING SM CAP GROWTH 2021-05 PURCHASE 2023-07   700 1,311     -611  
ISHARES RS 2000 VALUE 2021-05 PURCHASE 2023-01   2,036 2,257     -221  
VANGUARD LONG TERM TREASURY 2023-07 PURCHASE 2023-10   8,990 10,843     -1,853  
VANGUARD INTER TRM CORPORATE 2022-02 PURCHASE 2023-01   73,680 80,130     -6,450  
ISH USD HI YLD CORPORATE 2023-01 PURCHASE 2023-10   34 36     -2  
PIMCO INVEST GR CRED BD 2022-02 PURCHASE 2023-01   1,261 1,408     -147  
VANGUARD INTER TRM CORPORATE 2022-02 PURCHASE 2023-10   18,315 21,814     -3,499  
ISHARES US TREASURY 2022-02 PURCHASE 2023-07   45,983 51,274     -5,291  
ISH USD HIGH YLD CORPORATE 2022-10 PURCHASE 2023-10   19,414 19,288     126  
PIMCO INTL BOND 2022-02 PURCHASE 2023-07   6,511 7,301     -790  
LOEWS CORP 2.62% 2014-12 PURCHASE 2023-05   50,000 50,000        
ALLSPRING ULTRA SH TERM INC 2021-02 PURCHASE 2023-02   85,002 86,621     -1,619  
THORNBURG LTD TERM INC 2021-02 PURCHASE 2023-04   50,000 55,199     -5,199  
BLACKROCK LOW DURATION BOND 2021-02 PURCHASE 2023-04   50,000 54,698     -4,698  
AVERY DENNISON CORP 2023-02 PURCHASE 2023-04   51,593 54,843     -3,250  
BERKSHIRE HATHAWAY ENERGY 2022-03 PURCHASE 2023-01   75,000 75,000        
CORTEVA INC 2022-09 PURCHASE 2023-07   35,899 37,295     -1,396  
DANAHER CORP 2023-05 PURCHASE 2023-10   11,098 11,481     -383  
ESTEE LAUDER COMPANIES 2022-12 PURCHASE 2023-05   49,572 66,481     -16,909  
EXELON CORP 2023-04 PURCHASE 2023-12   52,094 64,762     -12,668  
EXTRA SPACE STORAGE 2022-08 PURCHASE 2023-05   85,569 119,839     -34,270  
FIDELITY NATL INFO SER 2022-12 PURCHASE 2023-03   29,034 39,056     -10,022  
HERSHEY COMPANY 2023-05 PURCHASE 2023-09   69,487 85,622     -16,135  
KRAFT HEINZ CO 2023-01 PURCHASE 2023-10   104,009 132,284     -28,275  
NEXTERA ENERGY 2022-08 PURCHASE 2023-08   81,223 98,683     -17,460  
NUTRIEN LTD 2022-09 PURCHASE 2023-05   43,416 51,443     -8,027  
STARBUCKS CORP 2022-06 PURCHASE 2023-01   15,729 11,402     4,327  
TARGET CORP 2022-12 PURCHASE 2023-05   52,122 58,807     -6,685  
TRACTOR SUPPLY CO 2022-08 PURCHASE 2023-07   93,087 78,637     14,450  
U S TREASURY 2023-02 PURCHASE 2023-12   75,000 72,075     2,925  
VERALTO CORP 2023-05 PURCHASE 2023-10   1,545 1,524     21  
WILLIAMS COMPANIES 2022-06 PURCHASE 2023-03   63,358 70,517     -7,159  
ALPHABET INC 2019-10 PURCHASE 2023-07   55,701 25,898     29,803  
AMAZON COM 2020-03 PURCHASE 2023-08   4,630 3,521     1,109  
AMERICAN EXPRESS CO 2019-04 PURCHASE 2023-01   50,000 50,015     -15  
AMERICAN TOWER 2019-10 PURCHASE 2023-06   36,117 42,710     -6,593  
AMERIPRISE FINANCIAL 2019-06 PURCHASE 2023-10   70,000 70,000        
AMGEN INC 2020-03 PURCHASE 2023-08   100,000 99,481     519  
AON PLC 2019-10 PURCHASE 2023-11   67,138 41,967     25,171  
APPLE INC 2018-10 PURCHASE 2023-06   92,145 26,209     65,936  
ASTRAZENACA 2019-11 PURCHASE 2023-08   100,000 100,000        
BANK AMERICA 2020-02 PURCHASE 2023-07   50,000 50,000        
BRISTOL MYERS SQUIBB CO 2022-05 PURCHASE 2023-07   76,539 93,972     -17,433  
BROADCOM INC 2020-03 PURCHASE 2023-06   28,142 7,567     20,575  
DANAHER CORP 2022-08 PURCHASE 2023-10   58,167 76,365     -18,198  
GENERAL DYNAMICS 2022-02 PURCHASE 2023-05   75,000 75,000        
GOLDMAN SACHS GROUP 2021-12 PURCHASE 2023-06   10,000 10,000        
GREENSALE WI GO 2019-10 PURCHASE 2023-12   75,000 75,000        
HOME DEPOT 2018-11 PURCHASE 2023-11   57,776 38,391     19,385  
HOME DEPOT NOTE 2022-03 PURCHASE 2023-04   75,000 75,000        
INDIANA MICH PWR CO 2019-11 PURCHASE 2023-03   75,000 75,000        
INTERCONTINENTAL EXCHANGE 2020-02 PURCHASE 2023-03   49,901 43,364     6,537  
MICROSOFT CORP 2018-10 PURCHASE 2023-01   110,503 39,703     70,800  
MORGAN STANLEY MTN CALL 2019-04 PURCHASE 2023-02   50,000 50,000        
NEXTERRA ENERGY 2022-03 PURCHASE 2023-08   31,449 37,152     -5,703  
NORTHRUP GRUMMAN 2018-11 PURCHASE 2023-02   130,617 83,820     46,797  
NUTRIEN LTD 2022-02 PURCHASE 2023-05   35,681 41,297     -5,616  
PFIZER INC 2022-03 PURCHASE 2023-09   75,000 75,000        
PROGRESSIVE CORP 2022-01 PURCHASE 2023-02   215,404 180,217     35,187  
STARBUCKS CORP 2022-06 PURCHASE 2023-08   46,737 37,397     9,340  
CIGNA CROUP 2020-02 PURCHASE 2023-07   27,000 27,000        
UNION PACIFIC NOTE 2020-03 PURCHASE 2023-06   50,000 50,000        
U S TREASURY NOTE 2022-09 PURCHASE 2023-11   200,000 196,692     3,308  
UNITEDHEALTH GROUP 2018-11 PURCHASE 2023-02   59,313 33,061     26,252  
VERALTO CORP 2022-08 PURCHASE 2023-10   8,096 10,137     -2,041  
WASTE CONNECTIONS 2021-11 PURCHASE 2023-12   55,789 51,568     4,221  
WELLS FARGO & CO 2021-12 PURCHASE 2023-08   81,000 81,000        
WILLIAMS COMPANIES 2021-11 PURCHASE 2023-03   79,550 74,479     5,071  
FIDELITY INTL INDEX 2023-01 PURCHASE 2023-04   24,682 24,198     484  
FIDELITY INTL INDEX 2023-01 PURCHASE 2023-06   119,005 113,163     5,842  
ISHARES CORE S & P MIDCAP 2023-07 PURCHASE 2023-12   95,259 97,620     -2,361  
ISHARES US TREASURY BOND 2023-07 PURCHASE 2023-12   14,068 14,157     -89  
JPMORGAN BETABUILDERS EUROPE 2023-02 PURCHASE 2023-04   17,771 17,740     31  
JPMORGAN BETABUILDERS EUROPE 2023-02 PURCHASE 2023-07   50,787 49,265     1,522  
JPMORGAN BETABUILDERS EUROPE 2023-02 PURCHASE 2023-07   35,632 34,211     1,421  
SIX CIRCLES CREDIT OPPORT 2022-06 PURCHASE 2023-02   11,112 11,572     -460  
FIDELITY 500 INDEX 2017-12 PURCHASE 2023-01   339,247 233,496     105,751  
FIDELITY 500 INDEX 2017-12 PURCHASE 2023-02   141,138 91,469     49,669  
FIDELITY 500 INDEX 2017-12 PURCHASE 2023-04   155,295 101,878     53,417  
ISHARES US TREASURY BOND 2022-10 PURCHASE 2023-12   94,517 110,659     -16,142  
ISHARES US TREASURY BOND 2022-10 PURCHASE 2023-12   80,249 80,910     -661  
ISHARES CORE MSCI EAFE 2017-06 PURCHASE 2023-06   103,718 94,011     9,707  
JPMORGAN BETABUILDERS CANADA 2019-04 PURCHASE 2023-04   27,150 22,419     4,731  
JPMORGAN BETABUILDERS CANADA 2019-04 PURCHASE 2023-06   37,562 30,628     6,934  
JPMORGAN BETABUILDERS DEVELOP 2021-01 PURCHASE 2023-04   13,632 15,775     -2,143  
SIX CIRCLES INTL UNCON EQ 2021-10 PURCHASE 2023-02   52,447 58,448     -6,001  
SIX CIRCLES INTL UNCON EQ 2021-10 PURCHASE 2023-04   86,910 93,650     -6,740  
SIX CIRCLES CREDIT OPPORT 2020-11 PURCHASE 2023-02   78,726 90,024     -11,298  
VANGUARD TOTAL BOND MARKET 2022-05 PURCHASE 2023-12   39,321 42,397     -3,076  
VANGUARD TOTAL BOND MARKET 2022-05 PURCHASE 2023-12   39,387 41,919     -2,532  
VANGUARD TOTAL INTL BOND 2022-05 PURCHASE 2023-04   14,627 16,245     -1,618  
CASH RECEIPT SECURITIES 2021-07 PURCHASE 2023-05   29       29  

TY 2023 InvestmentsOtherSchedule2
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JP MORGAN MANAGED ACCOUNT FMV 8,090,723 10,161,260
MERRILL LYNCH PIA ACCOUNT FMV 4,661,560 4,781,854
TRUIST MANAGED ACCOUNT FMV 6,473,374 8,289,192
VINTAGE 2015 PRIVATE EQUITY FMV 504,914 606,188
VINTAGE 2017 PRIVATE EQUITY FMV 344,021 429,293
HPS MEZZANINE PARTNERS FUND FMV 313,026 344,318
HPS MEZZANINE 2019 FMV 401,830 433,924
BENEFIT PARTNERS DEBT FUND FMV 457,345 420,473
LANDMARK PRIVATE EQUITY FMV 211,343 363,095
HIGHBRIDGE CONVERTABLE FUND FMV 97,750 37,688
STARWOOD DISTRESSED OP FUND FMV 234,116 265,990
HPS CORPORATE LENDING FMV 500,000 500,000
DIAMETER DISLOCATION FUND FMV 99,229 92,616
ASF PRIVATE EQUITY FUND FMV 32,298 37,647
IIF PRIVATE INVESTORS FMV 264,171 263,412

TY 2023 LandEtcSchedule2
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
OFFICE BUILDING 54,625 47,738 6,887 54,625
FURNITURE AND EQUIPMENT 25,746 24,826 920 25,746


TY 2023 OtherAssetsSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
MISSISSIPPI MINERAL INTERESTS 329,225 329,225 431,775
OKLAHOMA MINERAL INTERESTS 5,000 5,000 175,000
MINERAL INTERESTS RESERVED 7 7 7


TY 2023 OtherDecreasesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Amount
EXCISE TAX 12,522


TY 2023 OtherExpensesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
DUES AND SUBSCRIPTIONS 815 815    
INSURANCE EXPENSE 2,926 2,926    
INVESTMENT ADVISORY EXPENSE 123,570 123,570    
OFFICE SUPPLIES AND EXPENSE 10,101 10,101    
OIL & GAS PRODUCTION TAX 24,170 24,170    
SOFTWARE 9,406     9,406


TY 2023 OtherIncomeSchedule2
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INC-VINTAGE 2015 48,111 48,111  
PARTNERSHIP INC-MEZZANINE 21,991 21,991  
PARTNERSHIP INC-VINTAGE 2017 26,229 26,229  
PARTNERSHIP INC-BENEFIT PTRS 48,528 48,528  
PARTNERSIP INC-MEZZANINE 2019 33,827 33,827  
PARTNERSHIP INC-LANDMARK -10,099 -10,099  
PARTNERSHIP INC-HIGHBRIDGE -3,154 -3,154  
PARTNERSHIP INC-STARWOOD -11,231 -11,231  
PARTNERSHIP INC-HLEND 43,005 43,005  
PARTNERSHIP INC-DIAMETER DISL 5,331 5,331  
PARTNERSHIP INC- ASF IX PRIV -6,506 -6,506  
PARTNERSHIP INC- IIF FUND 15,942 15,942  
ROYALTIES 405,026 405,026  


TY 2023 OtherLiabilitiesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Description Beginning of Year - Book Value End of Year - Book Value
EXCISE TAX PAYABLE -393 -871


TY 2023 TaxesSchedule
Name:
THE ARMSTRONG FOUNDATION
EIN:
75-6003209
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN INCOME 7,312 7,312    
REAL AND PERSONAL PROPERTY 1,402 1,402    
STATE WITHHOLDING 4,180 4,180