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
TREACY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1479
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HELENA, MT59624
A Employer identification number

81-0270257
B Telephone number (see instructions)

(406) 443-3549
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$47,877,986J Accounting method:
Modified Cash
(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) 300
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,175,332 1,119,317  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 403,531
b Gross sales price for all assets on line 6a 6,496,341
7 Capital gain net income (from Part IV, line 2)... 297,102
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
0 172,441  
12 Total. Add lines 1 through 11........ 1,579,163 1,588,860  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,850 18,962   56,888
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
13,530 9,471   4,059
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
269,563 269,563   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
140,500 12,874   3,493
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
5,272 1,318  
20 Occupancy.............. 4,258 1,065   3,193
21 Travel, conferences, and meetings....... 1,893 473   1,420
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
17,571 5,077   12,494
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 528,437 318,803   81,547
25 Contributions, gifts, grants paid....... 2,051,200 2,051,200
26 Total expenses and disbursements. Add lines 24 and 25 2,579,637 318,803   2,132,747
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,000,474
b Net investment income (if negative, enter -0-) 1,270,057
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............. 38,827 58,765 58,765
2 Savings and temporary cash investments......... 1,372,872 1,129,476 1,129,476
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,783,367 Click to see attachment
List of Attached Documents:
// Content
4,100,502 		4,490,234
b Investments—corporate stock (attach schedule)....... 29,221,684 Click to see attachment
List of Attached Documents:
// Content
29,268,560 		37,068,865
c Investments—corporate bonds (attach schedule)....... 5,743,922 Click to see attachment
List of Attached Documents:
// Content
4,641,681 		4,771,646
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)..........      
14 Land, buildings, and equipment: basis right arrow321,121
Less: accumulated depreciation (attach schedule) right arrow26,286 300,107 Click to see attachment
List of Attached Documents:
// Content
294,835 		359,000
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,460,779 39,493,819 47,877,986
Liabilities 17 Accounts payable and accrued expenses..........   48,778
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
1,677 		Click to see attachment
List of Attached Documents:
// Content
1,632
23 Total liabilities (add lines 17 through 22)......... 1,677 50,410
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........... 40,459,102 39,443,409
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    
29 Total net assets or fund balances (see instructions)..... 40,459,102 39,443,409
30 Total liabilities and net assets/fund balances (see instructions). 40,460,779 39,493,819
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
40,459,102
2
Enter amount from Part I, line 27a .....................
2
-1,000,474
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
39,458,628
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
15,219
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
39,443,409
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 PERSHING #7652      
b PERSHING #8146      
c DA DAVIDSON #3600 ST      
d DA DAVIDSON #3600 LT      
e DA DAVIDSON #3954      
RBC #6591 ST      
RBC #6591 LT      
RBC #3954 ST      
RBC #3954 LT      
RBC #5718      
STIFEL #8583 ST      
STIFEL #8583 LT      
STIFEL #4037      
STIFEL #0712 ST      
STIFEL #0712 LT      
STIFEL #5861 ST      
STIFEL #5861 LT      
(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 455,852   440,997 14,855
b 754,818   410,284 344,534
c 619,622   592,083 27,539
d 733,781   648,639 85,142
e 183,897   183,131 766
462,665   428,020 34,645
179,086   150,356 28,730
124,557   122,879 1,678
49,459   48,344 1,115
1,299,060   1,523,037 -223,977
43,555   49,579 -6,024
871,383   866,458 4,925
142,289   140,993 1,296
181,796   216,834 -35,038
186,653   171,681 14,972
108,909   107,783 1,126
98,959   98,141 818
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       14,855
b       344,534
c       27,539
d       85,142
e       766
      34,645
      28,730
      1,678
      1,115
      -223,977
      -6,024
      4,925
      1,296
      -35,038
      14,972
      1,126
      818
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 2 297,102
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 17,654
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 17,654
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 17,654
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 80,000
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 80,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 356
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 61,990
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 61,990
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 arrowMT
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 arrowTREACYFOUNDATION.ORG
14
The books are in care ofright arrowSHULL ACCOUNTING Telephone no.right arrow (406) 443-3549

Located atright arrow1322 DEER MEADOWHELENAMT ZIP+4right arrow59601
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
Yes
 
If "Yes," list the years right arrow2021, 2022, 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
Yes
 
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
MIKE COONEY EXECUTIVE DIRECTOR
40.00 		62,600 0 0
PO BOX 1479
HELENA,MT59624
KELLY O'CONNELL SECRETARY/TREASURER
1.00 		2,600 0 0
PO BOX 1479
HELENA,MT59624
TOM MCCARVEL CHAIR
1.00 		2,600 0 0
PO BOX 1479
HELENA,MT59624
KIMMY SKIFTUN VICE CHAIR
1.00 		4,200 0 0
PO BOX 1479
HELENA,MT59624
MICHELE BAZZANELLA TRUSTEE
1.00 		3,850 0 0
PO BOX 1479
HELENA,MT59624
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
DA DAVIDSON INVESTMENT ADVISOR 90,468
8 THIRD STREET NORTH
GREAT FALLS,MT59401
STIFEL NICOLAUS & COMPANY INC INVESTMENT ADVISOR 62,149
501 NORTH BROADWAY
ST LOUIS,MO631022131
RBC CAPITAL MARKETS LLC INVESTMENT ADVISOR 60,048
PO BOX 1510
MINNEAPOLIS,MN554401510
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 THE TREACY FOUNDATION AWARDS GRANTS TO 501(C)(3) EXEMPT ORGANIZATIONS BASED ON EACH ORGANIZATION'S NEEDS. THE FOUNDATION AWARDED GRANTS TO 64 ORGANIZATIONS IN 2023. 1,731,200
2 THE TREACY FOUNDATION AWARDS SCHOLARSHIP GRANTS TO STARTING FRESHMAN AND SOPHMORE COLLEGE STUDENTS WHO ARE RESIDENTS OF MT AND ID, INCLUDING 101 STUDENTS IN 2023. 320,000
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
44,316,135
b
Average of monthly cash balances.......................
1b
1,358,060
c
Fair market value of all other assets (see instructions)................
1c
359,000
d
Total (add lines 1a, b, and c).........................
1d
46,033,195
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
46,033,195
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
690,498
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
45,342,697
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,267,135
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
2,267,135
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
17,654
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
17,654
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,249,481
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,249,481
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
2,249,481
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
2,132,747
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
2,132,747
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 2,249,481
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 2,164,933
b Total for prior years:2021, 20, 20 1,515
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$ 2,132,747
a Applied to 2022, but not more than line 2a 2,132,747
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..... 0
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 .......... 		1,515
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 ........... 		1,515
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		32,186
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		2,249,481
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 e-mail address of the person to whom applications should be addressed:
TREACY FOUNDATION
PO BOX 1479
HELENA,MT59624
(406) 443-3549
bThe form in which applications should be submitted and information and materials they should include:
GRANT INFORMATION AND APPLICATIONS ARE AVAILABLE AT TREACYFOUNDATION.ORG. ORGANIZATIONS THAT APPLY FOR GRANTS MUST QUALIFY AS AN EXEMPT ORGANIZATION UNDER I.R.C. SECTION 501(C)(3). THE ORGANIZATION SHOULD SUBMIT A LETTER OUTLINING THE NEEDS OF THE GRANT.
cAny submission deadlines:
MAY 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE TREACY FOUNDATION AWARDS SCHOLARSHIP GRANTS TO STARTING FRESHMAN AND SOPHMORE COLLEGE STUDENTS WHO ARE RESIDENTS OF MT AND ID. SCHOLARSHIPS ARE GENERALLY $3,000 PER YEAR AND ARE RENEWABLE FOR 4 YEARS PROVIDED THE STUDENT REQUESTS RENEWAL EACH YEAR. SCHOLARSHIPS ARE NOT OFFERED TO JUNIOR, SENIOR OR GRADUATE COLLEGE STUDENTS. THE GRANTS ARE PAID DIRECTLY TO THE SCHOOL TO BE APPLIED TO THE STUDENT'S ACCOUNT. SCHOLARSHIP APPLICANTS CAN OBTAIN THE APPLICATION FORM FROM TREACYFOUNDATION.ORG. APPLICATION FORMS ARE REVIEWED BY THE SCHOLARSHIP SELECTION COMMITTEE WHICH MEETS BETWEEN THE MAY 1-15. THE APPLICANT WILL BE NOTIFIED OF HIS/HER SELECTION OR NONSELECTION FOLLOWING THE REVIEW OF ALL APPLICANTS. ONCE THE STUDENT HAS BEEN SELECTED, THEY WILL RECEIVE A PREFERENCE FOR RENEWAL PROVIDED THEY WRITE THE FOUNDATION REQUESTING A RENEWAL BY THE MAY 1 DEADLINE. THE FOUNDATION IS LIMITED ON THE NUMBER OF NEW SCHOLARSHIPS GRANTED EACH YEAR.
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

ALLIANCE FOR YOUTH

3220 11TH AVE S
GREAT FALLS,MT59405 		  PC CAPITAL CAMPAIGN 25,000

ANGEL FUND

PO BOX 7436
HELENA,MT59604 		  PC COATS 2,500

BILLINGS COMMUNITY FOUNDATION

404 N 30TH ST
BILLINGS,MT59101 		  PC GENERAL 5,000

BLUE MOUNTAIN CLINIC

610 N CALIFORNIA ST
MISSOULA,MT59802 		  PC CAPITAL CAMPAIGN 15,000

BUTTE FOOD BANK

1019 E 2ND ST
BUTTE,MT59701 		  PC FOOD 5,000

BUTTE SPIRIT CENTER

609 W GALENA
BUTTE,MT59701 		  PC CAPITAL CAMPAIGN 25,000

CAMP BIGHORN

1850 M HWY 135
PLAINS,MT59859 		  PC CAPITAL CAMPAIGN 4,000

CAMP-MAKE-A-DREAM

90 CHURCH RD
GOLDCREEK,MT59733 		  PC CAPITAL CAMPAIGN 35,000

CHRIST THE KING PARISH

1400 GERALD AVE
MISSOULA,MT59801 		  PC CAPITAL CAMPAIGN 50,000

CLDI

109 1/2 S 32ND STREET
BILLINGS,MT59901 		  PC CAPITAL CAMPAIGN 100,000

CONGREGATION BETH SHALOM

2010 W KOCH ST
BOZEMAN,MT59718 		  PC CAPITAL CAMPAIGN 7,000

EAGLE MOUNTS (BOZEMAN)

6901 GOLDENSTEIN LANE
BOZEMAN,MT59715 		  PC CAPITAL CAMPAIGN 50,000

FAMILY OUTREACH

1236 HELENA AVE
HELENA,MT59601 		  PC CAPITAL CAMPAIGN 10,000

FLATHEAD FOOD BANK

1203 HWY 2 W
KALISPELL,MT59901 		  PC FOOD 5,000

FLATHEAD LUTHERN BIBLE CAMP

550 LUTHERAN CAMP RD
LAKESIDE,MT59922 		  PC CAPITAL CAMPAIGN 35,000

FLORENCE CRITTENTON HOME

3404 COONEY DRIVE
HELENA,MT59602 		  PC CAPITAL CAMPAIGN 75,000

FOUNDATION FOR COMMUNITY CARE

221 2ND ST NW
SIDNEY,MT59270 		  PC CAPITAL CAMPAIGN 25,000

FRIENDS OF HISTORIC HOTEL LIBBY

302 CALIFORNIA AVE
LIBBY,MT59923 		  PC CAPITAL CAMPAIGN 10,000

FRIENDSHIP CENTER

1430 N SANDERS
HELENA,MT59601 		  PC CAPITAL CAMPAIGN 50,000

GREAT FALLS CITY

1700 RIVER DRIVE N
GREAT FALLS,MT59401 		  PC CAPITAL CAMPAIGN 50,000

GREAT FALLS CLINIC LEGACY

1400 29TH ST S
GREAT FALLS,MT59405 		  PC CAPITAL CAMPAIGN 5,000

GREATER MISSOULA FAMILY YMCA

3000 S RUSSELL STREET
MISSOULA,MT59801 		  PC CAPITAL CAMPAIGN 50,000

HEADWATERS ECONOMICS

PO BOX 7059
BOZEMAN,MT59771 		  PC CAPITAL CAMPAIGN 15,000

HEISY COMMUNTY CENTER

PO BOX 5021
GREAT FALLS,MT59403 		  PC CAPITAL CAMPAIGN 4,000

HELENA FOOD SHARE

1616 LEWIS ST
HELENA,MT59601 		  PC CAPITAL CAMPAIGN 125,000

HERITAGE MUSEUM

34067 US HWY 2 S
LIBBY,MT59923 		  PC CAPITAL CAMPAIGN 15,000

HOLTER MUSEUM OF ART

12 E LAWRENCE
HELENA,MT59601 		  PC CAPITAL CAMPAIGN 20,000

HOME RESOURCE INC

1515 WYOMING ST
MISSOULA,MT59801 		  PC GENERAL 25,000

KALISPELL LAKERS BASEBALL

PO BOX 8444
KALISPELL,MT59904 		  PC CAPITAL CAMPAIGN 16,000

KOOTENAI HERITAGE COUNCIL

724 LOUISANA AVE
LIBBY,MT59923 		  PC CAPITAL CAMPAIGN 35,000

LAKE CO COMM DEV CORP

407 MAIN ST
RONAN,MT59846 		  PC CAPITAL CAMPAIGN 10,000

LITTLE BIG HORN NATIONAL BATTLEFIELD

PO BOX 39
CROW AGENCY,MT59022 		  PC CAPITAL CAMPAIGN 25,000

MARIAS HEALTH SERVICE

670 PARK AVE
SHELBY,MT59474 		  PC CAPITAL CAMPAIGN 50,000

MISSOULA CHESS CLUB

5603 HEAVENS WAY
FLORENCE,MT59833 		  PC GENERAL 1,000

MISSOULA CHILDRENS THEATRE

200 N ADAMS ST
MISSOULA,MT59802 		  PC CAPITAL CAMPAIGN 10,000

MISSOULA CO PARKS

200 BROADWAY ST
MISSOULA,MT59802 		  PC GENERAL 25,000

MISSOULA FOOD BANK

1720 WYOMING ST
MISSOULA,MT59801 		  PC CAPITAL CAMPAIGN 10,000

MONTANA HISTORICAL SOCIETY

PO BOX 201201
HELENA,MT59624 		  PC CAPITAL CAMPAIGN 100,000

MONTANA LAND RELIANCE

PO BOX 355
HELENA,MT59624 		  PC CAPITAL CAMPAIGN 50,000

MONTANA SCHOOL FOR DEAF & BLIND

PO BOX 6576
GREAT FALLS,MT59406 		  PC CAPITAL CAMPAIGN 20,000

MUSEUM OF NORTH IDAHO

PO BOX 812
COEUR D ALENE,ID83816 		  PC CAPITAL CAMPAIGN 25,000

NORTH LAKE CO PUBLIC LIBRARY FOUN

BOX 74
POLSON,MT59860 		  PC CAPITAL CAMPAIGN 50,000

OLD GLORY LANDMARK COMMITTEE

2850 MERCER LOOP
HELENA,MT59602 		  PC FLAG 1,500

PARADISE CENTER

PO BOX 612
PARADISE,MT59856 		  PC CAPITAL CAMPAIGN 20,500

PARIS GIBSON SQUARE MUSEUM

1400 1ST AVE N
GREAT FALLS,MT59401 		  PC GENERAL 35,000

PARTNERS HOPE FOUNDATION

PO BOX 1262
MISSOULA,MT59806 		  PC CAPITAL CAMPAIGN 50,000

PLAY LIKE ROBERT FOUNDATION

251 S CREST AVE
HAMILTON,MT59840 		  PC EQUIPMENT 5,000

PRODUCERS PARTNERSHIP

356 FRONTAGE ROAD EAST CITY
LIVINGSTON,MT59047 		  PC CAPITAL CAMPAIGN 12,500

QUALITY LIFE CONCEPTS

215 SMELTER AVE NE
GREAT FALLS,MT59404 		  PC CAPITAL CAMPAIGN 13,000

REACH INC

322 GALLATIN PARK DR
BOZEMAN,MT59715 		  PC CAPITAL CAMPAIGN 4,000

SENIOR CITIZENS OF LINCOLN COUNTY

206 EAST 2ND ST
LIBBY,MT59923 		  PC CAPITAL CAMPAIGN 15,000

SIMULATION IN MOTION - MT

2021 11TH AVE SUITE 1
HELENA,MT59601 		  PC CAPITAL CAMPAIGN 25,000

SPECIAL K RANCH

PO BOX 479
COLUMBUS,MT59019 		  PC CAPITAL CAMPAIGN 20,000

ST JUDE'S THADDUS SCHOOL

PO BOX 407
HAVRE,MT59501 		  PC CAPITAL CAMPAIGN 45,000

ST LABRE INDIAN SCHOOL ED ASSOC

PO BOX 797
ASHLAND,MT59003 		  PC CAPITAL CAMPAIGN 23,000

ST PETER'S EPISCOPAL CATHEDRAL

511 N PARK
HELENA,MT59601 		  PC CAPITAL CAMPAIGN 25,000

STILLWATER YOUTH CENTER INC

PO BOX 1148
COLUMBUS,MT59019 		  PC CAPITAL CAMPAIGN 28,200

TREE NURTURING CENTER

2520 5TH AVE S
BILLINGS,MT59101 		  PC GENERAL 5,000

WESTERN NATIVE VOICE

80 25TH ST W
BILLINGS,MT59102 		  PC CAPITAL CAMPAIGN 4,000

WHITEHALL PUBLIC SCHOOLS DIS 4472

PO BOX1109
WHITEHALL,MT59759 		  PC CAPITAL CAMPAIGN 45,000

YORK VOLUNTEER FIRE DEPT

7450 NELSON ROAD
HELENA,MT59602 		  PC EQUIPMENT 3,000

YOUTH HOMES

550 N CALIFORNIA ST
MISSOULA,MT59802 		  PC CAPITAL CAMPAIGN 22,000

YOUTH ON THEIR OWN

1660 N ALVERNON WAY
TUCSON,AZ85712 		  PC CAPITAL CAMPAIGN 50,000

YWCA HELENA

PO BOX 518
HELENA,MT59624 		  PC CAPITAL CAMPAIGN 10,000

BLACKFEET COMMUNITY COLLEGE

504 SE BOUNDARY ST
BROWNING,MT59417 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

BOISE STATE UNIVERSITY

1910 W UNIVERSITY DR
BOISE,ID83725 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

BOSTON UNIVERSITY

COMMONWEALTH AVE
BOSTON,MA02215 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

CARROLL COLLEGE

1601 N BENTON AVE
HELENA,MT59625 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 29,000

DAWSON COMMUNITY COLLEGE

300 COLLEGE DR
GLENDIVE,MT59330 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

DICKINSON STATE UNIVERISTY

291 CAMPUS DR
DICKINSON,ND58601 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 9,000

HIGHLANDS COLLEGE

25 BASIN CREEK RD
BUTTE,MT59701 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

MONTANA STATE UNIVERSITY

PO BOX 172190
BOZEMAN,MT59717 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 111,000

MSU BILLINGS

1500 UNIVERSITY DR
BILLINGS,MT59101 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 15,000

MSU GREAT FALLS

2100 16TH AVE S
GREAT FALLS,MT59405 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 6,000

MSU NORTHERN

300 13TH ST W
HAVRE,MT59501 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

MONTANA TECH UNIVERSITY

1300 W PARK ST
BUTTE,MT59701 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 36,000

NORTHERN ARIZONA UNIVERSITY

S SAN FRANCISCO ST
FLAGSTAFF,AZ86011 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

OREGON STATE UNIVERSITY

1500 SW JEFFERSON WAY
CORVALLIS,OR97331 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

ROCKY MOUNTAIN COLLEGE

1511 POLY DR
BILLINGS,MT59102 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 9,000

UNIVERSITY OF IDAHO

875 PERIMETER DR
MOSCOW,ID83844 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 6,000

UNIVERSITY OF MONTANA

32 CAMPUS DR
MISSOULA,MT59812 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 45,000

UNIVERSITY OF MONTANA HELENA

1115 N ROBERTS ST 117
HELENA,MT59601 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

UNIVERSITY OF MONTANA WESTERN

710 S ATLANTIC ST
DILLON,MT59725 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 21,000

UNIVERSITY OF NORTH DAKOTA

GENERAL DELIVERY
GRAND FORKS,ND58202 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000

UNIVERSITY OF PROVIDENCE

1301 20TH ST S
GREAT FALLS,MT59405 		  NC COLLEGE SCHOLARSHIPS FOR INDIVIDUALS PAID DIRECTLY TO SCHOOLS OF HIGHER EDUCATION 3,000
Total .................................right arrow 3a 2,051,200
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 1,175,332  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 403,531  
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 1,578,863 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,578,863
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
TREACY FOUNDATION
EIN:
81-0270257
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 13,530 9,471   4,059

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

TY 2023 DepreciationSchedule
Name:
TREACY FOUNDATION
EIN:
81-0270257
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
BUILDING 2019-02-15 187,550 18,641 SL 39.000000000000 4,809 4,809    
KONICA MINOLTA COPIER 2017-11-13 3,239 2,373 SL 7.000000000000 463 0    
LAND 2019-02-15 130,332   L   0 0    

TY 2023 GeneralExplanationAttachment
Name:
TREACY FOUNDATION
EIN:
81-0270257
Identifier Return Reference Explanation
REQUEST FOR ABATEMENT OF FIRST-TIER TAX: FORM 4720 THE FOUNDATION HAD UNDISTRIBUTED INCOME OF $1,515 FOR TAX YEAR 2021 AND $32,186 FOR TAX YEAR 2022. THIS CAUSED A QUALIFIED FIRST-TIER TAX TO BE IMPOSED IN THE AMOUNT OF $10,110. UNDER INTERNAL REVENUE CODE SECTION (IRC) 4962, THE TAX WILL BE ABATED IF THE TAXABLE EVENT WAS DUE TO REASONABLE CAUSE AND NOT DUE TO WILLFUL NEGLECT, AND SUCH EVENT WAS CORRECTED WITHIN THE CORRECTION PERIOD.THE FOUNDATION HAS A HISTORY OF COMPLIANCE. THIS IS THE FIRST YEAR THE FOUNDATION WAS MADE AWARE OF ITS REQUIREMENT TO FILE FORM 4720. THERE WAS NO WILLFUL NEGLECT BY THE ORGANIZATION, AND THE FOUNDATION TOOK IMMEDIATE STEPS TO RECTIFY THE SHORTFALL ONCE IT WAS BROUGHT TO THEIR ATTENTION. ITS PREVIOUS ACCOUNTANT DID NOT FILE FORM 4720 FOR TAX YEAR 2022 NOR DID THEY NOTIFY THE FOUNDATION OF THE UNDISTRIBUTED INCOME AMOUNTS THAT WOULD BE SUBJECT TO TAX TO ALLOW THE FOUNDATION TO CORRECT THE ISSUE TIMELY. THIS CAUSED A FAILURE TO DISTRIBUTE BY THE FOUNDATION.WITH ITS NEW ACCOUNTANT, THE FOUNDATION HAS CORRECTED THE UNDISTRIBUTED INCOME ISSUE WITH QUALIFYING DISTRIBUTIONS MADE BY JULY 17, 2024, PRIOR TO FILING ITS 2023 TAX RETURN. THE FOUNDATION HAS CORRECTED THE FAILURE TO DISTRIBUTE WITHIN THE CORRECTION PERIOD. THE FOUNDATION WILL CONTINUE TO MEET ITS MINIMUM DISTRIBUTION REQUIREMENTS IN THE FUTURE.WE RESPECTFULLY REQUEST THAT THE TAXES ASSESSED ON FORM 4720 BE ABATED DUE TO THE CIRCUMSTANCES ABOVE. A FORM 843 HAS BEEN FILED.

TY 2023 InvestmentsCorpBondsSchedule
Name:
TREACY FOUNDATION
EIN:
81-0270257
Name of Bond End of Year Book Value End of Year Fair Market Value
  4,641,681 4,771,646

TY 2023 InvestmentsCorpStockSchedule
Name:
TREACY FOUNDATION
EIN:
81-0270257
Name of Stock End of Year Book Value End of Year Fair Market Value
  29,268,560 37,068,865

TY 2023 InvestmentsGovtObligationsSch
Name:
TREACY FOUNDATION
EIN:
81-0270257
US Government Securities - End of Year Book Value:

4,100,502
US Government Securities - End of Year Fair Market Value:

4,490,234
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 LandEtcSchedule2
Name:
TREACY FOUNDATION
EIN:
81-0270257
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 187,550 23,450 164,100 209,000
KONICA MINOLTA COPIER 3,239 2,836 403  
LAND 130,332 0 130,332 150,000


TY 2023 OtherDecreasesSchedule
Name:
TREACY FOUNDATION
EIN:
81-0270257
Description Amount
PRIOR PERIOD ADJUSTMENT 15,219


TY 2023 OtherExpensesSchedule
Name:
TREACY FOUNDATION
EIN:
81-0270257
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS 400 300   100
INSURANCE 3,533 883   2,650
OFFICE SUPPLIES 330 82   248
POSTAGE 992 50   942
TELEPHONE & IT 4,830 2,415   2,415
MISCELLANEOUS 5,100 0   5,100
BUSINESS LICENSES 20 5   15
WORKERS COMPENSATION 366 92   274
SCHOLARSHIP COMMITTEE 750 0   750
INVESTMENT COMMITTEE 1,250 1,250   0


TY 2023 OtherIncomeSchedule2
Name:
TREACY FOUNDATION
EIN:
81-0270257
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CAPITAL GAIN DISTRIBUTIONS   172,441  


TY 2023 OtherLiabilitiesSchedule
Name:
TREACY FOUNDATION
EIN:
81-0270257
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL TAXES PAYABLE 1,677 1,632


TY 2023 OtherProfessionalFeesSchedule
Name:
TREACY FOUNDATION
EIN:
81-0270257
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADVISORY & SERVICE FEE 269,563 269,563   0


TY 2023 TaxesSchedule
Name:
TREACY FOUNDATION
EIN:
81-0270257
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 124,133 0   0
FOREIGN TAXES PAID 11,709 11,709   0
PAYROLL TAXES 4,658 1,165   3,493