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
CHANGE HAPPENS FOUNDATION
A DELAWARE NONPROFIT ORGANIZATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3681
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
URBANDALE, IA50323
A Employer identification number

20-5222620
B Telephone number (see instructions)

(515) 491-7111
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$16,507,625J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 324,236 324,236  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 133,421
b Gross sales price for all assets on line 6a 1,669,252
7 Capital gain net income (from Part IV, line 2)... 133,421
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........ 457,657 457,657  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 125,979 0   125,979
14 Other employee salaries and wages...... 92,303 0   92,303
15 Pension plans, employee benefits....... 129,623 0   129,623
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
33,007 0   33,007
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,770 0   10,770
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
182,196 148,757   33,439
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
10,641 5,434   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 600 0   600
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
61,353 44,275   17,078
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 646,472 198,466   442,799
25 Contributions, gifts, grants paid....... 376,333 376,333
26 Total expenses and disbursements. Add lines 24 and 25 1,022,805 198,466   819,132
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -565,148
b Net investment income (if negative, enter -0-) 259,191
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 284,091 194,691 194,691
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.......... 663 6,892 6,892
10a Investments—U.S. and state government obligations (attach schedule) 9,354 Click to see attachment
List of Attached Documents:
// Content
8,126 		8,126
b Investments—corporate stock (attach schedule)....... 7,263,326 Click to see attachment
List of Attached Documents:
// Content
7,908,939 		7,908,939
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,031,296 Click to see attachment
List of Attached Documents:
// Content
8,388,977 		8,388,977
14 Land, buildings, and equipment: basis right arrow2,088
Less: accumulated depreciation (attach schedule) right arrow2,088      
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,588,730 16,507,625 16,507,625
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 5,000  
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)......... 5,000 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 15,583,730 16,507,625
29 Total net assets or fund balances (see instructions)..... 15,583,730 16,507,625
30 Total liabilities and net assets/fund balances (see instructions). 15,588,730 16,507,625
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
15,583,730
2
Enter amount from Part I, line 27a .....................
2
-565,148
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,489,043
4
Add lines 1, 2, and 3 ..........................
4
16,507,625
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
16,507,625
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 DISTRIBUTIONS P    
c FROM K-1'S P    
d FROM K-1'S P    
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 1,586,625   1,358,984 227,641
b 82,627     82,627
c     66,615 -66,615
d     110,232 -110,232
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       227,641
b       82,627
c       -66,615
d       -110,232
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 2 133,421
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 3,603
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 3,603
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 3,603
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 10,500
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 10,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 5
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 6,892
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow6,892 Refundedright arrow 11 0
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 arrowDE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.CHANGEHAPPENSFOUNDATION.ORG
14
The books are in care ofright arrowKRISTIN NONG Telephone no.right arrow (515) 491-7111

Located atright arrow3311 100TH STREET 3681URBANDALEIA ZIP+4right arrow50323
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
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
 
 
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
DOUGLAS TROXEL BOARD MEMBER, PRESIDENT AND CEO
1.00 		0 0 0
PO BOX 3681
URBANDALE,IA50323
KRISTIN NONG BOARD DIRECTOR, CO-EXEC DIRECTOR, CFO
9.23 		21,209 3,933 0
PO BOX 3681
URBANDALE,IA50323
SERGE TROXEL BOARD DIRECTOR, CO-EXEC DIRECTOR, CSO
9.23 		0 3,933 0
PO BOX 3681
URBANDALE,IA50323
DEBORAH TROXEL BOARD MEMBER
1.00 		0 0 0
PO BOX 3681
URBANDALE,IA50323
RICHARD WOO BOARD DIRECTOR
1.00 		15,000 0 0
PO BOX 3681
URBANDALE,IA50323
MICHAEL TROXEL CFO (THUR 8/31/23), BOARD DIRECTOR
27.69 		74,324 7,580 0
PO BOX 3681
URBANDALE,IA50323
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
CHRISTINA TROXEL DIRECTOR OF COMMUNIC
40.00 		53,517 6,262 0
7840 SW ELLMAN LANE
PORTLAND,OR97224
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
WELLS FARGO CLEARING SERVICES LLC INVESTMENT MGMT 148,757
2801 MARKET STREET
SAINT LOUIS,MO63103
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
15,692,381
b
Average of monthly cash balances.......................
1b
282,595
c
Fair market value of all other assets (see instructions)................
1c
6,892
d
Total (add lines 1a, b, and c).........................
1d
15,981,868
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
15,981,868
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
239,728
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
15,742,140
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
787,107
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
787,107
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,603
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,603
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
783,504
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
783,504
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
783,504
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
819,132
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
819,132
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 7 783,504
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 580,560
b From 2019...... 507,006
c From 2020...... 663,948
d From 2021...... 612,133
e From 2022...... 570,720
f Total of lines 3a through e ........ 2,934,367
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 819,132
a Applied to 2022, but not more than line 2a 0
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..... 783,504
e Remaining amount distributed out of corpus 35,628
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 2,969,995
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		580,560
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		2,389,435
10 Analysis of line 9:
a Excess from 2019.... 507,006
b Excess from 2020.... 663,948
c Excess from 2021.... 612,133
d Excess from 2022.... 570,720
e Excess from 2023.... 35,628
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).)
DOUGLAS TROXEL
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:
KRISTIN NONG
PO BOX 3681
URBANDALE,IA50323
(515) 491-7111
KRISTIN@CHANGEHAPPENSFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
THERE ARE TWO STEPS WHEN APPLYING FOR A GRANT FROM THE CHANGE HAPPENS FOUNDATION. STEP ONE: LETTER OF INQUIRY THE APPLICATION PROCESS TO THE CHANGE HAPPENS FOUNDATION BEGINS WITH AN INITIAL LETTER OF INQUIRY WHICH IS REQUIRED TO DETERMINE WHETHER THE FOUNDATIONS CURRENT INTERESTS AND BUDGET ALLOW CONSIDERATION OF THE GRANTSEEKERS REQUEST. ONLINE FORM THEY ASK THAT ALL APPLICANTS COMPLETE AND SUBMIT OUR ONLINE LETTER OF INQUIRY FORM PROVIDING BASIC ORGANIZATIONAL AND PROJECT INFORMATION. THEIR WEB ADDRESS IS WWW.CHANGEHAPPENSFOUNDATION.ORG DOWNLOAD AND MAIL IF YOU ARE UNABLE TO COMPLETE AND SUBMIT YOUR LETTER OF INQUIRY ONLINE, PLEASE DOWNLOAD AND MAIL THE LETTER OF INQUIRY FORM. STEP TWO: PROPOSAL IF YOUR LETTER OF INQUIRY IS ACCEPTED FOR FURTHER CONSIDERATION, YOU WILL BE ASKED TO SUBMIT A FORMAL GRANT PROPOSAL. PLEASE DO NOT SUBMIT A PROPOSAL WITHOUT AN INVITATION TO APPLY.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE CHANGE HAPPENS FOUNDATION WILL CONSIDER DIRECTING RESOURCES TO ACTIVITIES OR PROGRAM-RELATED INVESTMENTS THAT ARE WITHIN THE FOUNDATIONS MISSION AND BUDGET LIMITATIONS. GRANTS FOR RELIGIOUS ACTIVITIES, GRADUATE OR UNDERGRADUATE SCHOLARSHIPS WILL NOT BE REVIEWED. ACTIVITIES SUPPORTED BY GRANTS MUST BE CHARITABLE, EDUCATIONAL, LITERARY, OR SCIENTIFIC, AS DEFINED UNDER THE APPROPRIATE PROVISIONS OF THE U.S. INTERNAL REVENUE CODE AND TREASURY REGULATIONS. THE FOUNDATION MONITORS GRANTS THROUGH REGULAR FINANCIAL AND NARRATIVE REPORTS SUBMITTED BY THE GRANTEE.
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

AMERICA SCORES BAY AREA

1460 MISSION STREET
SAN FRANCISCO,CA94103 		N/A PC SOCCER AND POETRY FOR BAY AREA YOUTH 10,000

AMERICAN CONSTITUTION SOCIETY FOR LAW AND POLICY

601 13TH ST NW SUITE 610
WASHINGTON,DC20005 		N/A PC GENERAL SUPPORT 35,000

BIG BROTHERS BIG SISTERS OF SAN DIEGO COUNTY

4305 UNIVERSITY AVENUE SUITE 590
SAN DIEGO,CA92105 		N/A PC COMMUNITY MENTORING PROGRAM 5,000

BOYSGROW CORP

9301 E 147TH ST
KANSAS CITY,MO64149 		N/A PC ANIMAL PROGRAM EXPANSION 10,000

CALIFORNIA ACADEMY OF SCIENCES

55 MUSIC CONCOURSE DRIVE GOLDEN
GATE PARK
SAN FRANCISCO,CA94118 		N/A PC BREAKFAST BEFORE CONSERVATION 20,000

CALIFORNIA OCEAN SCIENCE TRUST

1017 L STREET 293
SACRAMENTO,CA95814 		N/A PC GENERAL SUPPORT 5,000

CITY HARVEST

150 52ND STREET
BROOKLYN,NY11232 		N/A PC ELECTRIC FLEET CONVERSION AND MOBILE MARKETS 63,333

COTTAGE REHABILITATION HOSPITAL FOUNDATION

2415 DE LA VINA STREET
SANTA BARBARA,CA93105 		N/A PC TROXEL EQUIPMENT AND TECHNOLOGY FUND 50,000

EARTHCORPS

6310 NE 74TH STREET SUITE 201E
SEATTLE,WA98115 		N/A PC LEADERSHIP DEVELOPMENT AND GREEN-JOBS TRAINING 10,000

ECORISE YOUTH INNOVATIONS

1023 SPRINGDALE RD BLDG 1 SUITE J
AUSTIN,TX78721 		N/A PC NATIONAL STUDENT INNOVATION FUND 10,000

EVERYBODY SOLAR INC

31995 DANE CT
TEMECULA,CA92591 		N/A PC ADVENTURE SCIENCE CENTER 20,000

GLOBAL FOREST GENERATION

5350 US ROUTE 2
NORTH HERO,VT05474 		N/A PC ACCION ANDINA ECOSYSTEM RESTORATION 20,000

GLOBAL PRESS INSTITUTE

5636 CONNECTICUT AVE NW PO BOX
42557
WASHINGTON,DC20015 		N/A PC PROVIDING TECH RESOURCES TO LOCAL WOMEN REPORTERS AROUND THE WORLD 10,000

HAWAII LAND TRUST

126 QUEEN ST STE 306
HONOLULU,HI96813 		N/A PC KUKUAU COMMUNITY FOREST STEWARDSHIP 5,000

JUNIOR ACHIEVEMENT OF SAN DIEGO COUNTY

4756 MISSION GORGE PLACE
SAN DIEGO,CA92120 		N/A PC FINANCE PARK 5,000

LAWYERS FOR GOOD GOVERNMENT

6218 GEORGIA AVE NW UNIT 5001
WASHINGTON,DC20011 		N/A PC CLIMATE CHANGE PROGRAM 10,000

MULTIPLYING GOOD INC

15 WEST 38TH STREET SUITE 1210
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT 5,000

OCEAN ALLIANCE INC

32 HORTON STREET
GLOUCESTER,MA01930 		N/A PC TAGGING WHALES WITH DRONE 10,000

OCEAN DISCOVERY INSTITUTE

4255 THORN STREET
SAN DIEGO,CA92105 		N/A PC IN-SCHOOL PROGRAMS 15,000

POLLINATOR PARTNERSHIP

600 MONTGOMERY STREET STE 440
SAN FRANCISCO,CA94111 		N/A PC BEE FRIENDLY FARMING 5,000

PUBLIC EMPLOYEES FOR ENVIRONMENTAL RESPONSIBILITY INC

962 WAYNE AVENUE SUITE 610
SILVER SPRING,MD20910 		N/A PC TECHNOLOGY SYSTEM UPGRADES 8,000

PURSUIT TRANSFORMATION COMPANY INC

4710 AUSTELL PL 2ND FLOOR
LONG ISLAND CITY,NY11101 		N/A PC CORE EXPANSION 10,000

SEE TURTLES

5605 SE RURAL ST
PORTLAND,OR97206 		N/A PC SEA TURTLES & PLASTIC 10,000

STEM TEACHERS OF NYC

245 WEST 107TH ST SUITE 10B
NEW YORK,NY10025 		N/A PC STEM IN PARKS 5,000

STREETCODE ACADEMY

PO BOX 51867
E PALO ALTO,CA94303 		N/A PC BUILDING SKILLS PROGRAM 5,000

TEAM READ

PO BOX 94042
SEATTLE,WA98124 		N/A PC YEAR-ROUND READING PROGRAM 5,000

THE READ TO ME PROJECT

PO BOX 6434
SALINAS,CA93912 		N/A PC READ TO ME PROJECT 5,000

UPSTREAM

PO BOX 1352
DAMARISCOTTA,ME04543 		N/A PC SCHOOL PARTNERSHIP 5,000
Total .................................right arrow 3a 376,333
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 ....     14 324,236  
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 ............ 		    18 133,421  
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) .. 0 457,657 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
457,657
(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:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 10,770 0   10,770

TY 2023 InvestmentsCorpStockSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Name of Stock End of Year Book Value End of Year Fair Market Value
VANGUARD INDEX FDS ETF S&P 500 ETF SHS NEW 950,037 950,037
VANGUARD MID CAP ETF VO 655,347 655,347
ISHARES ETF MSCI USA ESG SELECT SUSA 578,737 578,737
SPDR PORTFOLIO ETF INTERMEDIATETERM SPIB 479,942 479,942
ISHARES TR ETF ISHARES ESG AWARE MSCI EAFE ETF ESGD 429,672 429,672
SPDR GOLD TRUST ETF GLD 394,001 394,001
VANGUARD DIVIDEND ETF 292,918 292,918
ISHARES INC ETF ISHARES ESG AWARE MSCI EM ESGE 238,655 238,655
ISHARES ETF PFD & INCOME SECS PFF 190,883 190,883
INVESCO TR II ETF PFD 174,401 174,401
INTERNATIONAL BUSINESS MACHINE CORP IBM 159,298 159,298
SPDR BLOOMBERG ETF BARCLAYS SHORT TERM HIGH YIELD BD ETF SJNK 156,119 156,119
ISHARES TR ETF ESG MSCI USA SMALL CAP OPTIMIZED ETF ESML 51,314 51,314
TRANSDIGM GROUP INC 44,510 44,510
BROOKFIELD 43,289 43,289
COPART INC 42,630 42,630
GRUPO FINANCIERO BANORTE 41,022 41,022
PUBLICIS GROUP - S A 40,410 40,410
COSTAR GROUP INC 38,015 38,015
KKR & CO INC 37,945 37,945
MICROSOFT CORP 37,604 37,604
O'REILLY AUTOMOTIVE INC 37,053 37,053
WATSCO INC WSO 36,420 36,420
BAE SYSTEMS PLACE 36,252 36,252
HILTON WORLDWIDE 36,054 36,054
HEICO CORP NEW 35,752 35,752
M D C HOLDINGS INC MDC 34,863 34,863
EVOLUTION AB 33,315 33,315
NOVO NORDISK A S ADR 32,897 32,897
CANADIAN PACIFIC RAILWAY LTD 31,308 31,308
CARLSBERG AS-B 30,956 30,956
ROPER TECHNOLOGIES 30,530 30,530
INTUIT INC 28,751 28,751
HOULIHAN LOKEY INC CL A HLI 28,179 28,179
FERRARI NV NEW RACE 28,090 28,090
LENOVO GROUP LTD ADR LNVGY 27,159 27,159
VULCAN MATERIALS COMPANY 27,014 27,014
AMAZON COM INC 26,893 26,893
BROADCOM INC AVGO 26,790 26,790
ICON PLC ICLR 26,609 26,609
APPLE INC 25,799 25,799
ATLASSIAN CORP PLC 25,689 25,689
BANKINTER SA-SPONS ADR 25,372 25,372
MERCADOLIBRE INC MELI 25,145 25,145
KB FINANCIAL GROUP INC 24,657 24,657
DEVON ENERGY CORP 24,598 24,598
BROWN AND BROWN INC COM 24,320 24,320
ASML HOLDING NV NY REGISTRY SHS NEW 2012-ASML 24,221 24,221
UNITEDHEALTH GROUP 24,218 24,218
HUBBELL INC 24,012 24,012
CONSTRUCTION PARTNERS INC CL A 23,240 23,240
RBC BEARINGS INC ROLL 23,076 23,076
MARKEL CORP 22,718 22,718
SCHWAB CHARLES CORP NEW 22,360 22,360
AZENTA INC 21,887 21,887
EVERTEC INC EVTC 21,821 21,821
LANDSTAR SYSTEMS INC LSTR 21,689 21,689
ADYEN N V ADR ADYEY 21,638 21,638
PRIMERICA INC PRI 21,605 21,605
COHERENT CORP 21,504 21,504
ALPHABET INC NON VOTING 21,421 21,421
FLUTTER ADR ENTERTAINMENT PLC 21,401 21,401
INTUIT INC 21,251 21,251
RELIANCE STEEL & ALUMINUM CO 20,976 20,976
MERCK & CO INC NEW MRK 20,714 20,714
OPEN TEXT CORP OTEX 20,590 20,590
GLOBAL PAYMENTS INC 20,574 20,574
UNITEDHEALTH GROUP 20,532 20,532
FULLER H B CO 20,271 20,271
SITEONE LANDSCAPE SUPPLY INC 20,150 20,150
IQVIA HLDGS INC 20,130 20,130
MARVELL TECHNOLOGY INC 20,083 20,083
BROOKFIELD INFRASTRUCTURE CORP COM 20,004 20,004
ABBVIE INC 19,836 19,836
GARTNER INC NEW 19,398 19,398
MICROSOFT CORP 19,178 19,178
BANK OF HAWAII CORP BOH 19,129 19,129
FERGUSON PLC NEW 19,114 19,114
BAE SYSTEMS PLACE 19,080 19,080
ACCENTURE PLC IRELAND SHARES CLASS A 18,949 18,949
FERGUSON PLC NEW 18,921 18,921
CARMAX INC 18,801 18,801
SBA COMMUNICATIONS CORP 18,773 18,773
LENNAR CORPORATION 18,630 18,630
LIVE NATION ENTERTAINMENT INC 18,626 18,626
CROWN HOLDINGS INC CCK 18,602 18,602
ARMSTRONG WORLD INDUSTRIES AWI 18,582 18,582
THOR INDUSTRIESTHO 18,565 18,565
DOMINO'S PIZZA INC 18,550 18,550
T-MOBILE US INC 18,438 18,438
HCA HEALTHCARE INC 18,406 18,406
TYLER TECHNOLOGIES INC 18,397 18,397
HILLMAN SOLUTIONS CORP 18,319 18,319
VISA INC CLASS A 18,225 18,225
ASM INTERNATIONAL N.V. 18,172 18,172
AON PLC SHS CL A 18,043 18,043
WD-40 COMPANY COMMON WDFC 17,452 17,452
EVOLUTION AB 17,434 17,434
CHEESECAKE FACTORY INC CAKE 17,365 17,365
SAFRAN SA-UNSPON ADR SAFRY 17,343 17,343
APTIV PLC 17,047 17,047
CBRE GROUP INC CLASS A 17,035 17,035
EXPERIAN PLC ADR 16,989 16,989
TAIWAN SEMICONDUCTOR MFG CO LTD ADR TSM 16,848 16,848
F5 NETWORKS INC 16,824 16,824
DANAHER CORP 16,656 16,656
UNIFIRST CORP UNF 16,645 16,645
NATIONAL BEVERAGE CORP FIZZ 16,507 16,507
STERIS PLC ORD SHS 16,269 16,269
TAKE-TWO INTERACTIVE 16,095 16,095
COMCAST CORP NEW CL A 16,093 16,093
NESTLE S A REG ADR NSRGY 15,957 15,957
REXEL SA ADR RXEEY 15,867 15,867
ASTRAZENECA PLC 15,760 15,760
LVMH MOET HENNESSY LOUIS VUITTON 15,758 15,758
LOREAL CO ADR LRLCY 15,508 15,508
NXP SEMICONDUCTORS NV 15,389 15,389
LINDE PLC NEW LIN 15,196 15,196
R L I CORP RLI 14,909 14,909
ICICI BANK LTD SPON 14,900 14,900
MICROCHIP TECHNOLOGY INC 14,790 14,790
DAITO TR CONSTR CO LTD 14,658 14,658
VERISIGN INC 14,623 14,623
AUTODESK INC ADSK 14,609 14,609
LESLIE'S INC LESL 14,580 14,580
GSK PLC ADR SPONSORED ADR NEW GSK 14,416 14,416
ALBANY INTERNATIONAL CORP NEW CLASS A AIN 14,242 14,242
AKAMAI TECH INC 14,202 14,202
GENPACT LTD G 14,196 14,196
PROGRESSIVE CORP OHIO 14,176 14,176
AGEAS SPONSORED ADR NEW AGESY 13,962 13,962
WASTE CONNECTIONS INC 13,882 13,882
UBS GROUP AG UBS 13,565 13,565
ATLAS COCOP AB SPON ADR NEW REPSTG SER A 13,561 13,561
ARCH CAP GROUP LTD 13,443 13,443
FASTENAL CO 13,343 13,343
MANHATTAN ASSOCIATES INC 13,135 13,135
CBRE GROUP INC CLASS A 13,126 13,126
METSO OYJ ADR OUKPY 13,086 13,086
MARTIN MARIETTA 12,972 12,972
GETTY REALTY CORP NEW 12,944 12,944
S&P GLOBAL INC 12,775 12,775
EQUINOR ASA 12,656 12,656
LAKELAND FINL CORP 12,576 12,576
SCHNEIDER ELECTRIC SE- 12,552 12,552
BADGER METER INC BMI 12,350 12,350
AGILENT TECH INC 12,235 12,235
FIRST FINL BANKSHARESINC FFIN 12,211 12,211
ARCH CAP GROUP LTD 12,180 12,180
COMPASS GRP PLC ADR SPONSORED NEW JUNE 2017 CMPGY 11,903 11,903
ADVANTEST CORP ADR SPONSORED NEW ATEYY 11,880 11,880
MSCI INC 11,879 11,879
CANADIAN NATURAL RESOURCES LTD CNQ 11,597 11,597
WATSCO INC WSO 11,569 11,569
SCOTTS MIRACLE-GRO CO CLASS A 11,156 11,156
DOLLAR TREE STORES INC DLTR 10,796 10,796
THOMSON REUTERS CORP NEW 10,674 10,674
COCA-COLA COMPANY 10,490 10,490
EPAM SYSTEMS INC 10,110 10,110
VERISK ANALYTICS INC 10,032 10,032
JOHN BEAN TECHNOLOGIES CORP JBT 9,945 9,945
VAIL RESORTS INC 9,820 9,820
LAMAR ADVERTISING CO NEW 9,565 9,565
LIBERTY MEDIA CORP LIBERTY MEDIA CL C 9,533 9,533
JACK HENRY & ASSOC INC JKHY 9,151 9,151
GRACO INCORPORATED COM GGG 9,110 9,110
IDEXX LABORATORIES INC 8,881 8,881
VERISK ANALYTICS INC 8,599 8,599
BROOKFIELD RENEWABLE CORP CL A SUB VTG 8,435 8,435
BROOKFIELD ASSET MANGMNT 8,396 8,396
HYATT HOTELS CORP 8,346 8,346
MOODY'S CORP 7,811 7,811
LCI INDUSTRIES 5,531 5,531
AON PLC SHS CL A AON 5,529 5,529
ANSYS 5,443 5,443
ARES MANAGEMENT CORP 5,232 5,232
SHERWIN WILLIAMS CO SHW 4,679 4,679
WATERS CORPORATION WAT 4,280 4,280
WIX.COM LTD 3,937 3,937
HOWARD HUGHES CORP 3,850 3,850
BROWN-FORMAN CORP CL B 3,769 3,769
SUMMIT MATERIALS INC 3,692 3,692
ROSS STORES INC 3,460 3,460
COGNEX CORP 1,544 1,544
PERIMETER SOLUTIONS SA 1,408 1,408
LATHAM GROUP INC 1,365 1,365
CRH PLC - ORD EUR 0.32 CRH 968 968
ENOVIS CORP 952 952
LIBERTY MEDIA CORP LIBERTY SER A 696 696

TY 2023 InvestmentsGovtObligationsSch
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
US Government Securities - End of Year Book Value:

8,126
US Government Securities - End of Year Fair Market Value:

8,126
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JPMORGAN TR II LARGE CAP GROWTH FUND FMV 792,203 792,203
ABBEY CAPITAL MULTI-MNGR FUND LTD C SHS FMV 770,687 770,687
SMEAD FDS TR FMV 760,714 760,714
PARNASSUS CORE EQUITY FMV 632,181 632,181
CANYON BALANCED ASP FUND CLASS AE-U FMV 572,728 572,728
RIVERSIDE CAPITAL APPRECIATION VII ASP FMV 505,992 505,992
MILLBURN MULTI-MARKETS FUND LP SER A FMV 493,981 493,981
NEUBERGER BERMAN FMV 467,357 467,357
MFS CORE EQUITY FUND FMV 451,668 451,668
GUGGENHEIM FDS TR LTD DURATION FD INSTL CL FMV 427,619 427,619
AMERICAN FUNDS FMV 417,067 417,067
AB SUSTAINABLE GLOBAL THERMATIC FUND FMV 410,968 410,968
MILLENNIUM USA HDGFOCUS FMV 311,624 311,624
CARLYLE REALTY PARTNERS FMV 265,974 265,974
BAIRD FDS INC AGGREGATE BD FD INSTL FMV 237,324 237,324
PIMCO TOAL RETURN FMV 215,956 215,956
JPMORGAN HEDGED EQUITY FMV 209,509 209,509
MFS INTERNATIONAL DIVERSIFICATION FUND FMV 149,226 149,226
PRINCIPAL FDS INC HIGH YIELD FD INSTL CL FMV 106,516 106,516
PB STRATEGIC PARTNERS OFFSHORE FEEDER VI LP FMV 102,974 102,974
FIDELITY FUNDS FIDELITY TREASURY ONLY PORT INSTL CLASS SHS FRSXX FMV 86,709 86,709

TY 2023 LegalFeesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 33,007 0   33,007


TY 2023 OtherExpensesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & MEMBERSHIP 4,958 0   4,958
INTERNET 2,912 0   2,912
FILING FEES 186 0   186
OTHER DEDUCTIONS FROM K-1S 3,319 3,319   0
PAYROLL FEE 2,002 0   2,002
PENSION ADMIN FEES 710 0   710
PORTFOLIO DEDUCTIONS 40,956 40,956   0
POSTAGE 464 0   464
SOFTWARE 4,032 0   4,032
SUPPLIES 719 0   719
TELEPHONE 1,095 0   1,095


TY 2023 OtherIncreasesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Description Amount
NET UNREALIZED GAINS OR LOSSES ON INVESTMENTS 1,489,043


TY 2023 OtherProfessionalFeesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 148,757 148,757   0
CONSULTING 14,314 0   14,314
CONTRACTORS 19,125 0   19,125


TY 2023 TaxesSchedule
Name:
CHANGE HAPPENS FOUNDATION
 
A DELAWARE NONPROFIT ORGANIZATION
EIN:
20-5222620
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 5,434 5,434   0
FEDERAL TAX 5,207 0   0