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 White Horse Group Foundation Inc
 
% U-N-I Tax Solutions LLC
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-0674318
B Telephone number (see instructions)

(800) 839-1754
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$35,829,105J 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) 12,296,800
2 Check right arrow.............
3 Interest on savings and temporary cash investments 18,099 18,099  
4 Dividends and interest from securities... 203,751 203,751  
5a Gross rents............ 178,804 178,804  
b Net rental income or (loss) 17,815
6a Net gain or (loss) from sale of assets not on line 10 44,703
b Gross sales price for all assets on line 6a 2,514,289
7 Capital gain net income (from Part IV, line 2)... 144,703
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
17,093 9,925 4,955
12 Total. Add lines 1 through 11........ 12,759,250 555,282 4,955
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).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
31,540 0 0 31,540
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
315,331 41,206   274,125
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
30,675 5,775    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
44,297 44,297 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 25,742 3,161   22,581
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
287,869 270,270   17,585
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 735,454 364,709 0 345,831
25 Contributions, gifts, grants paid....... 876,130 876,130
26 Total expenses and disbursements. Add lines 24 and 25 1,611,584 364,709 0 1,221,961
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 11,147,666
b Net investment income (if negative, enter -0-) 190,573
c Adjusted net income (if negative, enter -0-)... 4,955
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............. 192,123 135,175 135,175
2 Savings and temporary cash investments......... 539,976 225,637 225,637
3 Accounts receivable right arrow1,933
Less: allowance for doubtful accounts right arrow   1,841 1,933 1,933
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 arrow5,237,035
Less: allowance for doubtful accounts right arrow     Click to see attachment
List of Attached Documents:
// Content
5,237,035 		5,237,035
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)....... 12,975,587 Click to see attachment
List of Attached Documents:
// Content
11,598,132 		15,255,406
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow2,190,718
Less: accumulated depreciation (attach schedule) right arrow336,728 966,305 Click to see attachment
List of Attached Documents:
// Content
1,853,990 		1,853,990
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,826,573 Click to see attachment
List of Attached Documents:
// Content
11,623,137 		12,798,490
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
342,229 		Click to see attachment
List of Attached Documents:
// Content
321,439 		Click to see attachment
List of Attached Documents:
// Content
321,439
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,844,634 30,996,478 35,829,105
Liabilities 17 Accounts payable and accrued expenses.......... 4,555 2,053
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
8,839 		Click to see attachment
List of Attached Documents:
// Content
15,519
23 Total liabilities (add lines 17 through 22)......... 13,394 17,572
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 19,831,240 30,978,906
29 Total net assets or fund balances (see instructions)..... 19,831,240 30,978,906
30 Total liabilities and net assets/fund balances (see instructions). 19,844,634 30,996,478
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
19,831,240
2
Enter amount from Part I, line 27a .....................
2
11,147,666
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
30,978,906
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
30,978,906
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c PRIVATELY HELD STOCK D 2023-12-01 2023-12-27
d USFRT KINSTON PARTNERS LP P 2011-10-13 2023-06-09
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 2,352,615   2,351,729 886
b       -6,071
c 100,000   0 100,000
d 61,674   11,786 49,888
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       886
b        
c       100,000
d       49,888
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 2 144,703
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 2,649
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 2,649
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 2,649
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 11,837
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 11,837
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
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 9,188
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow9,188 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDE
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowU-N-I Tax Solutions LLC Telephone no.right arrow (800) 839-1754

Located atright arrow455 Birch StreetKennett SquarePA ZIP+4right arrow19348
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Dorothy Bontrager VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
J Michael Bontrager Pres, Dir, Sec
10.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
Square Roots Holdings Proj Mgt/Phil Cons 317,672
455 Birch Street
KENNETT SQUARE,PA19348
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 SUSTAINABLE COMMUNITY DEVELOPMENT: TO CREATE DIALOGUE IN KENNETT SQ AREA TO PROMOTE SOCIAL WELFARE, COMBAT COMMUNITY DETERIORATION & PROMOTE THRIVING FOR ALL KENNETT SQ RESIDNTS 205,487
2 SCCON: TO ALLEVIATE POVERTY USING THE BRIDGES OUT OF POVERTY MODEL & TO GATHER COMMUNITY MEMBERS & LEADERS TOGETHER TO IDENTIFY & ADDRESS KEY POVERTY ISSUES IN THE COMMUNITY 27,213
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
15,545,582
b
Average of monthly cash balances.......................
1b
701,378
c
Fair market value of all other assets (see instructions)................
1c
7,613,731
d
Total (add lines 1a, b, and c).........................
1d
23,860,691
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
23,860,691
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
357,910
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,502,781
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,175,139
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
1,175,139
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,649
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
63
c
Add lines 2a and 2b............................
2c
2,712
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,172,427
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,172,427
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
1,172,427
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
1,221,961
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
1,221,961
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 1,172,427
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,175,283
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,221,961
a Applied to 2022, but not more than line 2a 1,175,283
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..... 46,678
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		1,125,749
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 ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 0
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).)
Dorothy Bontrager
J Michael Bontrager
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

BARRY FRAGALE

523 KENVIEW AVE
KENNETT SQUARE,PA19348 		NONE I MEDICAL ASSISTANCE GRANT 10,500

NATIONAL PHILANTHROPIC TRUST TRANSATLANTIC LIMITED

299 PARK AVE 11TH FLOOR
NEW YORK,NY10171 		N/A PC The Square Roots Fund 615,000

THE FUND FOR WOMEN AND GIRLS

113 E EVANS ST STE A
WEST CHESTER,PA19380 		N/A PC General & Unrestricted 630

THE THRIVING CITIES GROUP

PO BOX 8227
CHARLOTTESVLE,VA22906 		N/A PC General & Unrestricted 250,000
Total .................................right arrow 3a 876,130
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 18,099  
4 Dividends and interest from securities ....     14 203,751  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 17,815  
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 44,703  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 6,676 14 5,334  
bINT INC FROM PRIS         4,955
cINT INC FROM NEW PTSHP INV     14 128  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 6,676 289,830 4,955
13Total. Add line 12, columns (b), (d), and (e)..................
13
301,461
(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.)
11 Income earned from PRI loan provided to help break the cycle of incarceration by providing development and career opportunities
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
The White Horse Group Foundation Inc
 
Employer identification number

20-0674318
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
The White Horse Group Foundation Inc
  		Employer identification number
20-0674318
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Bontrager J Michael
455 Birch Street
 
Kennett Square, PA19348

$ 12,296,800


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
The White Horse Group Foundation Inc
  		Employer identification number

20-0674318
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 Privately held stock 40,000 sh $ 12,296,800 2023-12-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The White Horse Group Foundation Inc
  		Employer identification number

20-0674318
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL CONSULTATIONS 31,540     31,540

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

TY 2023 DepreciationSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
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
110 LAFAYETTE-BLDG 2023-09-07 352,957   SL 27 4,278 4,278 0  
110 LAFAYETTE-LAND 2023-09-07 140,650   L       0  
200 CYPRESS - ROOF 2023-03-29 10,380   SL 27 283 283 0  
324 CENTER - BLDG 2023-02-07 123,821   SL 27 4,127 4,127 0  
324 CENTER - LAND 2023-02-07 83,025   L       0  
324 CENTER - HVAC 2023-03-31 5,183   SL 27 141 141 0  
407 MAPLE - BLDG 2023-02-07 157,841   SL 27 5,261 5,261 0  
407 MAPLE - LAND 2023-02-07 56,700   L       0  
144 W CEDAR-BLDG 2011-04-01 54,754 23,311 SL 27 1,991 1,991 0  
200 E CYPRESS-BLDG 2010-12-02 163,515 71,600 SL 27 5,946 5,946 0  
420 S BROAD-BLDG 2011-05-13 65,837 27,830 SL 27 2,394 2,394 0  
422 S BROAD-BLDG   65,783 27,807 SL 27 2,392 2,392 0  
500 E CYPRESS-BLDG 2020-10-08 43,298 2,500 SL 39 1,110 1,110 0  
144 W CEDAR-LAND 2011-04-01 29,881   L       0  
200 E CYPRESS-LAND 2010-12-03 65,423   L       0  
420 S BROAD-LAND 2015-12-01 40,963   L       0  
422 S BROAD-LAND 2011-05-13 41,017   L       0  
500 E CYPRESS-LAND 2020-10-08 136,759   L       0  
200 E CYPRESS-CARP 2013-12-20 1,320 1,320 SL 7     0  
200 E CYPRESS-APPL 2015-06-18 666 666 SL 5     0  
200 E CYPRESS-APPL 2015-07-24 132 132 SL 5     0  
200 E CYPRESS-APPL 2016-03-29 370 370 SL 5     0  
200 E CYPRESS-PORC 2017-05-23 11,701 2,374 SL 27 425 425 0  
200 E CYPRESS-APPL 2018-01-27 1,032 1,013 SL 5 19 19 0  
420 S BROAD-IMPROV 2011-10-06 1,810 1,356 SL 15 121 121 0  
422 S BROAD-APPL 2011-10-27 543 543 SL 5     0  
428/430 BROAD BLDG 2014-06-05 156,963 48,756 SL 27 5,708 5,708 0  
428/430 BROAD-APPL 2015-07-24 143 143 SL 5     0  
428/430 BROAD-APPL 2016-03-25 186 186 SL 5     0  
428/430 BROAD-APPL 2018-07-24 508 450 SL 5 58 58 0  
428/430 BROAD-APPL 2018-09-24 399 340 SL 5 59 59 0  
412 S BROAD-BLDG 2015-12-01 158,395 40,800 SL 27 5,760 5,760 0  
412 S BROAD-IMPROV 2018-07-11 4,996 819 SL 27 182 182 0  
412 S BROAD-APPL 2018-04-19 350 327 SL 5 23 23 0  
412 S BROAD-LAND 2015-12-01 65,069   L       0  
428/430 S BROAD-LD 2014-06-25 61,426   L       0  
144 W CEDAR-IMPROV 2011-04-01 52,971 22,559 SL 27 1,926 1,926 0  
144 W CEDAR-FURN 2011-04-01 583 583 SL 5     0  
144 W CEDAR-APPL 2011-04-01 3,344 3,344 SL 5     0  
144 W CEDAR-LD IMP 2011-04-01 4,500 3,513 SL 15 300 300 0  
144 W CEDAR-FL IMP 2011-04-01 1,203 1,203 SL 7     0  
144 W CEDAR-IMPROV 2019-10-02 2,300 273 SL 27 84 84 0  
200 E CYPRESS-APPL 2010-12-03 366 366 SL 5     0  
200 E CYPRESS-APPL 2012-05-09 596 596 SL 7     0  
200 E CYPRESS-CARP 2012-06-11 2,000 2,000 SL 7     0  
200 E CYPRESS-DOOR 2012-11-07 138 138 SL 7     0  
200 E CYPRESS-GAS 2012-11-27 1,500 555 SL 27 55 55 0  
200 E CYPRESS-APPL 2019-04-02 581 435 SL 5 116 116 0  
200 E CYPRESS-CARP 2019-03-05 2,360 1,292 SL 7 337 337 0  
200 E CYPRESS-CARP 2021-02-11 2,518 690 SL 7 360 360 0  
200 E CYPRESS-APPL 2021-12-31 313 63 SL 5 63 63 0  
200 E CYP-GAS HEAT 2022-02-16 1,568 48 SL 27 57 57 0  
422 S BROAD-IMPROV 2011-10-06 1,810 1,356 SL 15 121 121 0  
412 S BROAD-APPL 2019-08-09 582 397 SL 5 116 116 0  
412 S BROAD-DECK 2019-10-25 1,192 136 SL 27 43 43 0  
144 W CEDAR-LD IMP 2022-04-13 4,700 235 SL 15 313 313 0  
500 E CYP-WTR HEAT 2022-05-31 372 6 SL 27 14 14 0  
412 S BROAD-FIXT 2023-06-06 630   SL 5 74 74 0  
420 S BROAD-REFRIG 2023-09-30 795   SL 5 40 40 0  

TY 2023 InvestmentsCorpStockSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Name of Stock End of Year Book Value End of Year Fair Market Value
BAIRD SHORT TERM BOND FUND INS 696,671 664,327
CONESTOGA SMALL CAP INST 220,793 296,294
GOLDMAN SACHS GQG PARTNERS INT 683,029 947,557
MFS INTERNATIONAL EQUITY FUND 900,000 932,872
MORGAN STANLEY INTL ADVANTAGE 952,087 947,731
SPDR GOLD SHARES 570,417 611,170
THORNBURG LIMITED TERM INCOME 722,436 662,724
USQ CORE REAL ESTATE FUND CLAS 3,130,130 3,742,412
VANGUARD 500 INDEX FUND ADM 3,111,491 5,425,429
VANGUARD MID-CAP INDEX FD ADMI 482,282 789,537
VANGUARD SMALL CAP INDEX FD AD 128,796 235,353

TY 2023 InvestmentsLandSchedule2
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
110 LAFAYETTE-BLDG 352,957 4,278 348,679 352,957
110 LAFAYETTE-LAND 140,650   140,650 140,650
200 CYPRESS - ROOF 10,380 283 10,097 10,380
324 CENTER - BLDG 123,821 4,127 119,694 123,821
324 CENTER - LAND 83,025   83,025 83,025
324 CENTER - HVAC 5,183 141 5,042 5,183
407 MAPLE - BLDG 157,841 5,261 152,580 157,841
407 MAPLE - LAND 56,700   56,700 56,700
144 W CEDAR-BLDG 54,754 25,302 29,452 54,754
200 E CYPRESS-BLDG 163,515 77,546 85,969 163,515
420 S BROAD-BLDG 65,837 30,224 35,613 65,000
422 S BROAD-BLDG 65,783 30,199 35,584 65,000
500 E CYPRESS-BLDG 43,298 3,610 39,688 43,298
144 W CEDAR-LAND 29,881   29,881 29,881
200 E CYPRESS-LAND 65,423   65,423 65,423
420 S BROAD-LAND 40,963   40,963 40,963
422 S BROAD-LAND 41,017   41,017 41,017
500 E CYPRESS-LAND 136,759   136,759 136,759
200 E CYPRESS-CARP 1,320 1,320   1,320
200 E CYPRESS-APPL 666 666   666
200 E CYPRESS-APPL 132 132   132
200 E CYPRESS-APPL 370 370   370
200 E CYPRESS-PORC 11,701 2,799 8,902 11,701
200 E CYPRESS-APPL 1,032 1,032   1,032
420 S BROAD-IMPROV 1,810 1,477 333 1,810
422 S BROAD-APPL 543 543   543
428/430 BROAD BLDG 156,963 54,464 102,499 156,963
428/430 BROAD-APPL 143 143   143
428/430 BROAD-APPL 186 186   186
428/430 BROAD-APPL 508 508   508
428/430 BROAD-APPL 399 399   399
412 S BROAD-BLDG 158,395 46,560 111,835 158,395
412 S BROAD-IMPROV 4,996 1,001 3,995 4,996
412 S BROAD-APPL 350 350   350
412 S BROAD-LAND 65,069   65,069 65,069
428/430 S BROAD-LD 61,426   61,426 61,426
144 W CEDAR-IMPROV 52,971 24,485 28,486 52,971
144 W CEDAR-FURN 583 583   583
144 W CEDAR-APPL 3,344 3,344   3,344
144 W CEDAR-LD IMP 4,500 3,813 687 4,500
144 W CEDAR-FL IMP 1,203 1,203   1,203
144 W CEDAR-IMPROV 2,300 357 1,943 2,300
200 E CYPRESS-APPL 366 366   366
200 E CYPRESS-APPL 596 596   596
200 E CYPRESS-CARP 2,000 2,000   2,000
200 E CYPRESS-DOOR 138 138   138
200 E CYPRESS-GAS 1,500 610 890 1,500
200 E CYPRESS-APPL 581 551 30 581
200 E CYPRESS-CARP 2,360 1,629 731 2,360
200 E CYPRESS-CARP 2,518 1,050 1,468 2,518
200 E CYPRESS-APPL 313 126 187 313
200 E CYP-GAS HEAT 1,568 105 1,463 1,568
422 S BROAD-IMPROV 1,810 1,477 333 1,810
412 S BROAD-APPL 582 513 69 582
412 S BROAD-DECK 1,192 179 1,013 1,192
144 W CEDAR-LD IMP 4,700 548 4,152 4,700
500 E CYP-WTR HEAT 372 20 352 372
412 S BROAD-FIXT 630 74 556 630
420 S BROAD-REFRIG 795 40 755 795

TY 2023 InvestmentsOtherSchedule2
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
LEGACY VENTURE X LLC   536,177 561,572
LEGACY VENTURES VIII, LLC   851,291 1,859,068
LEGACY VENTURES XI LLC   135,305 139,279
MISSIONOG PARALLEL FD II, LP   367,355 622,600
MISSIONOG PARALLEL FUND III, L   140,916 137,883
OSAGE UNIVERSITY PARTNERS II,   699,026 690,654
SEAMARK FUND LP   988,857 114,417
SOVEREIGN'S CAPITAL II, LP   166,312 761,506
US FARMING REALTY TRUST II, LP   106,209 279,822
CHATHAM FINANCIAL - CL C   7,378,080 7,378,080
RED FEATHER PARTNERS INV LLC   55,722 55,722
STERLING HEDRICK INVESTMT LLC   183,758 183,758
IT'S FUN TO STAY AT THE INV LL   14,129 14,129

TY 2023 OtherAssetsSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI LOAN - DEFY VENTURES INC   306,439 306,439
DEPOSIT ON REAL ESTATE PURCH   15,000 15,000


TY 2023 OtherExpensesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 16,365     16,365
Bank Charges 198 198    
K-1 Exp LEGACY VENTURE X LLC 30,302 30,299    
K-1 Exp LEGACY VENTURES VIII, 30,834 30,832    
K-1 Exp LEGACY VENTURES XI LLC 20,553 20,551    
K-1 Exp MISSIONOG PARALLEL FD 8,474 8,474    
K-1 Exp MISSIONOG PARALLEL FUN 11,636 11,636    
K-1 Exp OSAGE UNIVERSITY PARTN 13,228 13,222    
K-1 Exp SEAMARK FUND LP 24,831 24,831    
K-1 Exp SOVEREIGN'S CAPITAL II 11,458 11,457    
K-1 Exp US FARMING REALTY TRUS 191 191    
K-1 EXP RED FEATHER PTNRS INV 70 70    
K-1 EXP STERLING HEDRICK INV 801 801    
K-1 EXP IT'S FUN TO STAY AT TH 29 29    
STATE OR LOCAL FILING FEES 25     25
PROPERTY MAINTENANCE & MGMT 116,692 116,692    
DUES & LICENSES 1,177 987   190
SUPPLIES 466     466
COMPUTER & IT COSTS 539     539


TY 2023 OtherIncomeSchedule2
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss LEGACY VENTURE X LLC 3,322 2,663  
K-1 Inc/Loss LEGACY VENTURES VIII, LLC 3,404 3,188  
K-1 Inc/Loss LEGACY VENTURES XI LLC 1,688 1,688  
K-1 Inc/Loss MISSIONOG PARALLEL FD II, LP 1,468 1,468  
K-1 Inc/Loss OSAGE UNIVERSITY PARTNERS II, LP 1,503 1,048  
K-1 Inc/Loss SEAMARK FUND LP 1 1  
K-1 Inc/Loss SOVEREIGN'S CAPITAL II, LP 478 818  
K-1 Inc/Loss US FARMING REALTY TRUST II, LP -3,190 -9,333  
K-1 Inc/Loss USFRT KINSTON PARTNERS LP -1,046 -1,081  
K-1 Inc/Loss RED FEATHER PTNRS INV 2,584 2,584  
K-1 Inc/Loss STERLING HEDRICK INV 1,798 1,798  
Interest Income from PRIs 4,955 4,955 4,955
Interest Income from new Ptshp Inv 128 128  


TY 2023 OtherLiabilitiesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS   15,519


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TY 2023 OtherNotesLoansRcvblLongSch
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
120 MARSHALL LLC   418,315 418,315 2023-05 2027-06 MONTHLY PRINCIPAL AND INTEREST 9 % LIEN ON PREMESIS/ASSIGNMT OF CONSTRUCTN CONTRACTS CONSTRUCTION PROJECT    
CHATHAM FINANCIAL     4,818,720 2023-12 2028-12 ANNUAL PRINCIPAL AND INTEREST 625 % UNDERLYING SHARES STOCK REDEMPTION PROCEEDS    

TY 2023 OtherProfessionalFeesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 41,206 41,206    
PHILANTHROPIC CONSULTING SVCS 274,125     274,125


TY 2023 TaxesSchedule
Name:
The White Horse Group Foundation Inc
EIN:
20-0674318
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2023 4,300      
990-PF Extension for 2022 20,600      
FOREIGN TAX PAID 5,775 5,775