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
GUANACASTE VENTURES US INC
C/O CAROLYN D WAGNON EXEC DIR
Number and street (or P.O. box number if mail is not delivered to street address)2283 VALLYSIDE DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DECATUR, GA300327216
A Employer identification number

20-3885468
B Telephone number (see instructions)

(404) 378-8844
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$22,625,343J 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) 7,257,993
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,703,991 1,703,991  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -320,972
b Gross sales price for all assets on line 6a 10,896,323
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 8,641,012 1,703,991  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
18,471 0   18,471
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,688 0   6,688
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
124,506 124,506   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,932 1,074   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
581 0   581
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 166,178 125,580   25,740
25 Contributions, gifts, grants paid....... 839,000 839,000
26 Total expenses and disbursements. Add lines 24 and 25 1,005,178 125,580   864,740
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,635,834
b Net investment income (if negative, enter -0-) 1,578,411
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............. 3,517,718 3,303,509 3,303,509
2 Savings and temporary cash investments.........   3,118,895 3,118,895
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 3,900,000    
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)....... 5,432,893 Click to see attachment
List of Attached Documents:
// Content
13,674,939 		15,249,472
c Investments—corporate bonds (attach schedule)....... 355,536 Click to see attachment
List of Attached Documents:
// Content
981,771 		951,137
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).......... 12,208 Click to see attachment
List of Attached Documents:
// Content
32,558 		0
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
2,462 		Click to see attachment
List of Attached Documents:
// Content
2,330 		Click to see attachment
List of Attached Documents:
// Content
2,330
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,220,817 21,114,002 22,625,343
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 13,220,817 21,114,002
29 Total net assets or fund balances (see instructions)..... 13,220,817 21,114,002
30 Total liabilities and net assets/fund balances (see instructions). 13,220,817 21,114,002
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
13,220,817
2
Enter amount from Part I, line 27a .....................
2
7,635,834
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
257,351
4
Add lines 1, 2, and 3 ..........................
4
21,114,002
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
21,114,002
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 CAPITAL GAINS DIVIDENDS P    
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 10,887,046   11,217,295 -330,249
b 9,277     9,277
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       -330,249
b       9,277
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 -320,972
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 21,940
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 21,940
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 21,940
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 9,680
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,680
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 12,260
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowGA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowCAROLYN WAGNON Telephone no.right arrow (404) 296-3555

Located atright arrowPO BOX 1047DECATURGA ZIP+4right arrow30031
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)
Yes
 
(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
 
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
BREE PATTILLO CHAIRMAN/PRESIDENT
1.00 		0 0 0
PO BOX 1047
DECATUR,GA30031
CAROLYN WAGNON SECRETARY & TREASURER
5.00 		0 0 0
PO BOX 1047
DECATUR,GA30031
STEVE BRIGGS TRUSTEE
0.25 		0 0 0
PO BOX 1047
DECATUR,GA30031
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
11,195,338
b
Average of monthly cash balances.......................
1b
4,109,256
c
Fair market value of all other assets (see instructions)................
1c
2,330
d
Total (add lines 1a, b, and c).........................
1d
15,306,924
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
15,306,924
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
229,604
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
15,077,320
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
753,866
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
753,866
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
21,940
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
21,940
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
731,926
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
731,926
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
731,926
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
864,740
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
864,740
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 7 731,926
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 565,272
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 864,740
a Applied to 2022, but not more than line 2a 565,272
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 299,468
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		432,458
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		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....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or 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

FUNDACION PROGRESO GUANACASTE

RESIDENCIAL VILLAS SAN FRANCISCO
CASA 16
SANTA CRUZ    
CS 		N/A NC SUPPORT PROGRAM INITIATIVES 150,000

UNIVERSITY OF WISCONSIN

1848 UNIVERSITY AVENUE
MADISON,WI537264090 		N/A PC GUANACASTE VENTURES STAR SCHOLARSHIP FUND 275,000

KENNESAW STATE UNIVERSITY FOUNDATION

3391 TOWN POINT DRIVE NW MD 9101
KENNESAW,GA30144 		N/A PC GUANACASTE VENTURES U.S., INC. SCHOLARSHIP 200,000

CLEMSON UNIVERSITY FOUNDATION

PO BOX 1889
CLEMSON,SC29633 		N/A PC GUANACASTE VENTURES ANNUAL SCHOLARSHIPS 200,000

HABITAT FOR HUMANITY INTERNATIONAL

322 W LAMAR ST
AMERICUS,GA317093543 		N/A PC GLOBAL IMPACT INITIATIVES 14,000
Total .................................right arrow 3a 839,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,703,991  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16    
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 -320,972  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,383,019 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,383,019
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
GUANACASTE VENTURES US INC
C/O CAROLYN D WAGNON EXEC DIR
Employer identification number

20-3885468
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
GUANACASTE VENTURES US INC
C/O CAROLYN D WAGNON EXEC DIR 		Employer identification number
20-3885468
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
ELIZABETH MCCLURE PATTILLO IRREVOCABLE TRUST
 
PO BOX 1047
 
DECATUR, GA30031

$ 5,735,041


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
HOOPER GORDON PATTILLO ESTATE
 
35 ELM COURT
 
HIGHLANDS, NC28741

$ 1,513,602


(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
GUANACASTE VENTURES US INC
C/O CAROLYN D WAGNON EXEC DIR 		Employer identification number

20-3885468
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
 PUBLICLY TRADED SECURITIES $ 5,406,434  
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 PUBLICLY TRADED SECURITIES $ 1,447,162  
(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
GUANACASTE VENTURES US INC
C/O CAROLYN D WAGNON EXEC DIR 		Employer identification number

20-3885468
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:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RETURN PREPARATION 6,688 0   6,688

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

TY 2023 ExpenditureResponsibilityStmt
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
FUNDACION PROGRESO GUANACASTE
  		RESIDENCIAL VILLAS SAN FRANCISCO
SANTA CRUZ    
CS 		2021-06-25 20,000 SUPPORT PROGRAM INITIATIVES   NONE 6/25/21 2024-05-08 N/A
FUNDACION PROGRESO GUANACASTE
  		RESIDENCIAL VILLAS SAN FRANCISCO
SANTA CRUZ    
CS 		2020-08-31 50,000 SUPPORT PROGRAM INITIATIVES   NONE 8/31/20 2024-05-08 N/A
FUNDACION PROGRESO GUANACASTE
  		RESIDENCIAL VILLAS SAN FRANCISCO
SANTA CRUZ    
CS 		2023-08-04 150,000 SUPPORT PROGRAM INITIATIVES   NONE 8/1/23 2024-05-08 N/A

TY 2023 InvestmentsCorpBondsSchedule
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Name of Bond End of Year Book Value End of Year Fair Market Value
ALLY FINL INC BOND 104,816 84,460
AMERICAN EXPRESS CO 111,981 105,379
ANALOG DEVICES INC NOTE 5.58813% 102,978 102,950
CROWN CASTLE INC NOTE CALL MAKE WHOLE 133,997 129,825
FIDELITY NATL INFORMATION SVCS 4.50000% 130,654 129,830
SCHWAB CHARLES CORP 175,511 177,345
TRANSCANADA TRUST NOTE 5.62500% 94,232 93,190
WEC ENERGY GROUP INC NOTE CALL MAKE 127,602 128,158

TY 2023 InvestmentsCorpStockSchedule
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOT LABORATORIES 65,369 64,391
ABBVIE INC COM USD0.01 80,275 103,830
ADOBE INC COM 43,076 62,643
AGNC INVT CORP COM 44,608 44,942
ALPHABET INC CAP STK CL A 112,421 123,486
ALPHABET INC CAP STK CL C 69,193 95,128
AMAZON COM INC 175,115 208,158
AMER SOFTWARE INC CL A 20,777 22,487
AMERICAN ELEC PWR CO INC COM 66,558 67,413
AMGEN INC 49,025 51,844
ANNALY CAP MGMT INC 62,057 63,604
APPLE INC COM USD0.00001 282,466 347,902
APPLIED MATERIALS INC COM USD0.01 43,530 66,449
ARMADA HOFFLER PPTYS INC CUM PFD A 42,190 45,600
AT&T INC 23,192 24,113
AT&T INC COM USD1 87,281 67,120
ATMOS ENERGY CORP COMM NPV 82,457 92,720
BANK OF NEW YORK MELLON CORP COM USD0.01 87,564 104,100
BCE INC 83,213 71,278
BK OF AMERICA CORP COM 26,002 30,135
BLUE OWL CREDIT INCOME CORP I 2,000,000 2,014,925
BOWLERO CORP CL A COM 35,994 33,701
BRISTOL-MYERS SQUIBB CO COM USD0.10 70,436 61,572
BROADCOM INC COM 62,500 113,858
BROADCOM INC COM 50,751 64,743
CADENCE DESIGN SYSTEMS INC COM USD0.01 33,502 36,770
CAPITAL ONE FINANCIAL CORP COM USD0.01 35,612 45,236
CARRIER GLOBAL CORPORATION COM 39,835 57,163
CHEVRON CORP (CVX) 108,431 138,092
CHEVRON CORP NEW COM 75,586 82,038
CHEVRON CORP NEW COM 84,329 91,733
CHIPOTLE MEXICAN GRILL INC 43,374 54,887
CISCO SYSTEMS INC 103,298 126,300
CITIGROUP INC 25,538 27,778
CME GROUP INC COM 75,213 85,293
COMCAST CORP 23,207 24,249
COMCAST CORP 51,813 57,005
CONOCOPHILLIPS COM 70,749 110,267
COSTCO WHOLESALE CORP COM USD0.01 71,548 108,913
CROWN CASTLE INC COM 41,253 38,013
CUBESMART 61,982 63,036
CVS HEALTH CORPORATION COM USD0.01 107,376 118,440
DEVON ENERGY CORP NEW 48,284 48,698
DEXCOM INC 43,654 45,913
DIGITAL RLTY TR INC 5.2 PFD SER L 86,016 80,698
DOMINION ENERGY INC COM 99,726 79,900
DOW INC COM 93,065 98,712
DT MIDSTREAM INC COMMON STOCK 62,137 70,144
DUKE ENERGY CORP NEW COM NEW ISIN 63,488 69,869
DUKE ENERGY CORP NEW COM NEW ISIN 134,386 139,738
DUKE ENERGY CORP NEW COM NEW ISIN 39,220 39,786
EATON CORPORATE PLC 56,439 59,242
ECOLAB INC 70,968 78,348
EDWARDS LIFESCIENCES CORP 59,263 52,231
ELI LILLY AND CO 69,843 131,157
EMERSON ELECTRIC CO 93,163 116,796
EXXON MOBIL CORP 103,287 112,478
FIDELITY NATL INFORMATION SERVICES COM 91,164 72,084
FISERV INC 28,585 35,070
FOUR CORNERS PPTY TR INC COM 92,419 90,321
GRACO INC 31,328 39,476
HEWLETT PACKARD ENTERPRISE CO COM 58,766 70,043
HOME DEPOT INC 45,525 77,974
HOME DEPOT INC 78,810 95,301
HP INC COM 74,229 96,288
HUNTINGTON BANCSHARES INC COM USD0.01 83,320 86,496
INTERNATIONAL BUS MACH CORP COM 135,447 174,999
INTERNATIONAL BUS MACH CORP COM USD0.20 146,344 171,728
INTERNATIONAL FLAVORS &FRAGRANCES COM 78,395 87,043
INVESCO MORTGAGE CAPITAL 84,041 90,722
JOHNSON & JOHNSON 100,966 125,392
JPMORGAN CHASE & CO 53,167 113,117
JPMORGAN CHASE & CO 92,807 120,771
KELLANOVA COM 67,858 61,501
KIMBERLY-CLARK CORP COM 83,414 72,906
KINDER MORGAN INC 121,503 129,830
KOHLS CORP COM 34,395 31,548
KRAFT HEINZ CO COM 94,064 86,903
KROGER CO COM USD1.00 54,771 52,338
LINCOLN ELECTRIC HOLDINGS INC 23,215 25,878
LINDE PLC COM EUR0.001 57,463 73,928
LOCKHEED MARTIN CORP COM USD1.00 52,589 56,655
M & T BANK CORP COM 55,601 54,832
MADISON BANK CORP 656,797 656,797
MARRIOTT INTERNATIONAL INC COM USD0.01 28,635 32,699
MEDTRONIC PLC 119,980 107,094
MERCK & CO INC NEW COM 46,163 52,330
MERCK & CO. INC COM 49,251 89,942
META PLATFORMS INC CLASS A COMMON STOCK 82,492 132,735
METLIFE INC COM USD0.01 65,598 79,356
MICROSOFT CORP 301,172 400,107
MOND ELEZ INTL INC COM NPV 85,813 94,159
MONOLITHIC POWER SYSTEMS INC 18,382 31,539
NATIONAL FUEL GAS CO 50,047 50,170
NETFLIX INC 38,818 58,426
NEW YORK COMMUNITY BANCORP INC COM 74,093 68,336
NICE LTD ADR-EACH CNV INTO 1 ORD ILS1 80,211 74,816
NISOURCE INC DEPSHS PFDB 21,042 20,966
NISOURCE INC DEPSHS PFDB 78,692 77,875
NVIDIA CORPORATION COM 111,180 232,258
ONEOK INC 111,901 143,951
PALO ALTO NETWORKS INC COM USD0.0001 46,451 97,310
PEPSICO INC 38,117 41,611
PFIZER INC 90,100 72,551
PFIZER INC 122,109 102,924
PHILIP MORRIS INTERNATIONAL INC COM NPV 79,883 84,672
PHILIP MORRIS INTERNATIONAL INC COM NPV 122,307 124,186
PHYSICIANS REALTY TRUST 116,791 104,084
PROCTER AND GAMBLE CO COM 22,026 22,714
PROLOGIS INC. COM 49,741 53,320
PRUDENTIAL FINL INC 107,747 124,452
PULTE GROUP INC COM USD0.01 45,497 75,867
ROSS STORES INC 51,062 66,427
RTX CORPORATION COM US01.00 114,732 117,796
SAMSARA INC COM CL A 29,634 38,387
SHELL PLC SPON ADS EA REP 2 ORD SHS 92,847 111,860
SIMON PPTY GRP INC 100,649 128,376
SKYWORKS SOLUTIONS INC 56,687 61,831
SMUCKER J M CO COM NEW 87,661 94,785
SOUTHERN CO 29,733 46,279
SOUTHERN CO 36,163 37,865
SOUTHERN CO NT 80 4..95000% 01/30/2080 88,356 82,951
SPIRE INC 5.9 DEP RP PFD A 135,462 132,557
STAG INDL INC COM 83,166 98,150
STANLEY BLACK & DECKER INC 81,920 78,480
TAPESTRY INC COM 85,582 84,663
TARGET CORP 43,774 46,287
TESLA INC COM 27,086 38,514
TRAVELERS COMPANIES INC COM STK NPV 55,846 65,719
TRAVELERS COMPANIES INC COM STK NPV 96,336 109,532
TRUIST FINL CORP COM 76,606 89,531
TWO HBRS INVT CORP PFD B FXD 119,274 123,507
UBER TECHNOLOGIES INC COM 66,663 89,892
UMH PPTYS INC 87,333 89,100
UNITED PARCEL SERVICE INC CL B 45,169 51,100
UNITED PARCEL SERVICE INC CL B 63,077 67,609
UNITEDHEALTH GROUP INC 54,584 58,965
US BANCORP DEL COM 89,174 90,888
VENTAS INC 73,061 69,776
VERIZON COMMUNICATIONS 74,590 62,205
VERIZON COMMUNICATIONS INC 90,220 75,400
VERTEX PHARMACEUTICALS INC 55,752 65,509
VISA INC 76,442 89,821
VORNADO RLTY TR CUM PFD M 61,309 55,650
VOYA FINANCIAL INC COM 21,744 25,536
WASTE MANAGEMENT INC 55,779 58,208
WELLS FARGO CO NEW COM 94,523 98,440
WELLS FARGO CO NEW PFO CNV A PERPTL MTY 138,830 137,496
WILLIAMS COMPANIES INC COM USD1.00 120,439 173,105
WP CAREY INC COM 107,649 100,456
ZIMMER BIOMET HOLDINGS INC COM 83,168 101,363

TY 2023 InvestmentsOtherSchedule2
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HELD OPTIONS AT COST 32,558 0

TY 2023 LegalFeesSchedule
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 18,471 0   18,471


TY 2023 OtherAssetsSchedule
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RENT RECEIVABLE 2,462 2,330 2,330


TY 2023 OtherExpensesSchedule
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 65 0   65
OTHER EXPENSES 516 0   516


TY 2023 OtherIncreasesSchedule
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Description Amount
DIFFERENCE IN BASIS OF APPRECIATED PROPERTY 257,351


TY 2023 OtherProfessionalFeesSchedule
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BROKERAGE FEES 124,506 124,506   0


TY 2023 TaxesSchedule
Name:
GUANACASTE VENTURES US INC
 
C/O CAROLYN D WAGNON EXEC DIR
EIN:
20-3885468
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 14,858 0   0
FOREIGN TAX 1,074 1,074   0