Scharbauer Foundation Inc — Form 990PF, tax year 2023

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- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
SCHARBAUER FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)300 N MARIENFELD 900
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MIDLAND, TX797014387

A Employer identification number

26-2527362

B Telephone number (see instructions)

(432) 683-2222

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$552,672,642J Accounting method: Cash Accrual
Other (specify)Modified Cash
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	587,261		587,261
4	Dividends and interest from securities...	9,330,995		9,429,675
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		28,164
b	Gross sales price for all assets on line 6a 17,391,253
7	Capital gain net income (from Part IV, line 2)...			28,164
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).......	List of Attached Documents: // Content	69,752,229	77,245,601
12	Total. Add lines 1 through 11........	79,698,649		87,290,701
13	Compensation of officers, directors, trustees, etc.	912,508		259,465	653,043
14	Other employee salaries and wages......	168,300		0	168,300
15	Pension plans, employee benefits.......	322,852		69,094	253,758
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	23,035	15,010	8,025
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	13,622	2,588	11,034
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,066,912	763,732	303,180
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,097,940	52,940	0
19	Depreciation (attach schedule) and depletion...		75,828	0
20	Occupancy..............	215,382		40,923	174,459
21	Travel, conferences, and meetings.......	101,357		18,513	82,844
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	128,078	5,999,712	110,845
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	4,125,814		7,221,977	1,765,488
25	Contributions, gifts, grants paid.......	19,258,721			19,258,721
26	Total expenses and disbursements. Add lines 24 and 25	23,384,535		7,221,977	21,024,209
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	56,314,114
b	Net investment income (if negative, enter -0-)			80,068,724
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	4,612,008	123,426	123,426
	2	Savings and temporary cash investments.........		5,747,840	5,747,840
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	List of Attached Documents: // Content 17,345,091	17,345,091
	b	Investments—corporate stock (attach schedule).......	232,187,433	List of Attached Documents: // Content 43,110,143	43,110,143
	c	Investments—corporate bonds (attach schedule).......	104,023,943	List of Attached Documents: // Content 19,610,976	19,610,976
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	0	List of Attached Documents: // Content 366,449,727	366,449,727
	14	Land, buildings, and equipment: basis 1,045,929
		Less: accumulated depreciation (attach schedule) 325,490	796,684	List of Attached Documents: // Content 720,439	720,439
	15	Other assets (describe )	List of Attached Documents: // Content 851,914	List of Attached Documents: // Content 851,914	List of Attached Documents: // Content 99,565,000
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	342,471,982	453,959,556	552,672,642
	17	Accounts payable and accrued expenses..........	10,051
	18	Grants payable.................	21,804,408
	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 )
	23	Total liabilities (add lines 17 through 22).........	21,814,459	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	320,657,523	453,959,556
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	320,657,523	453,959,556
	30	Total liabilities and net assets/fund balances (see instructions).	342,471,982	453,959,556

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

320,657,523

Enter amount from Part I, line 27a .....................

56,314,114

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

76,987,919

Add lines 1, 2, and 3 ..........................

453,959,556

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

453,959,556

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
1 a	SALES OF PUBLICLY TRADED SECURITIES	P
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	17,322,564	17,363,089	-40,525
b	68,689		68,689
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-40,525
b			68,689
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	28,164
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	1,112,955
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	1,112,955
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	1,112,955
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	1,015,330
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	450,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	1,465,330
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	352,375
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax352,375	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

WWW.SCHARBAUERFOUNDATION.ORG

The books are in care of right arrow

JOANN PRICE Telephone no. right arrow

(432) 683-2222

Located at right arrow

300 N MARIENFELD SUITE 900MIDLANDTX ZIP+4 right arrow

797014387

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
CLARENCE SCHARBAUER III	DIRECTOR THROUGH MARCH 2023 0.05	0	0
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	DIRECTOR THROUGH MARCH 2023 0.05	0	0
DAN HORD	CHAIR 0.05	0	0
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	CHAIR 0.05	0	0
JIM NELSON	VICE CHAIR 0.05	0	0
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	VICE CHAIR 0.05	0	0
JAMES M ALSUP	ASSISTANT SECRETARY 0.05	0	0
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	ASSISTANT SECRETARY 0.05	0	0
GARY DOUGLAS	ASSISTANT TREASURER 0.05	0	0
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	ASSISTANT TREASURER 0.05	0	0
CINDY BLACK	DIRECTOR 0.05	0	0
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	DIRECTOR 0.05	0	0
TIM LEACH	DIRECTOR 0.05	0	0
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	DIRECTOR 0.05	0	0
KATY MORROW	DIRECTOR 0.05	0	0
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	DIRECTOR 0.05	0	0
SCOTT RYBURN	DIRECTOR 0.05	0	0
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	DIRECTOR 0.05	0	0
GRANT A BILLINGSLEY	PRESIDENT AND CEO 40.00	508,200	74,735
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	PRESIDENT AND CEO 40.00	508,200	74,735
SARAH A SHAW	VICE PRESIDENT AND SECRETARY 40.00	217,308	45,013
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	VICE PRESIDENT AND SECRETARY 40.00	217,308	45,013
JOANN PRICE	TREASURER 40.00	187,000	60,465
300 N MARIENFELD ST SUITE 900 MIDLAND,TX79701	TREASURER 40.00	187,000	60,465

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
SHANNA WILLIAMS	PROGRAM ADMINISTRATO 40.00	75,900	53,381	0
300 N MARIENFELD SUITE 900 MIDLAND,TX79701	PROGRAM ADMINISTRATO 40.00	75,900	53,381	0
MEGAN BUCK	PROGRAM OFFICER 40.00	92,400	32,620	0
300 N MARIENFELD SUITE 900 MIDLAND,TX79701	PROGRAM OFFICER 40.00	92,400	32,620	0






Total number of other employees paid over $50,000...................				0

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
GOLDMAN SACHS & CO LLC	INVESTMENT SERVICES	564,184
609 MAIN STREET SUITE 2100 HOUSTON,TX77002	INVESTMENT SERVICES	564,184
VANGUARD INSTITUTIONAL ADVISORY SERVICES	INVESTMENT SERVICES	184,417
PO BOX 3009 MONROE,WI535668309	INVESTMENT SERVICES	184,417
HAMMES COMPANY HEALTHCARE LLC	PROGRAM CONSULTANT	82,196
1400 N WATER STREET SUITE 500 MILWAUKEE,WI53202	PROGRAM CONSULTANT	82,196
KITAMBA MGT LLC	PROGRAM CONSULTANT	59,147
4320 WEST KENNEDY BLVD TAMPA,FL33609	PROGRAM CONSULTANT	59,147

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

389,096,184

Average of monthly cash balances.......................

7,102,171

Fair market value of all other assets (see instructions)................

99,565,000

Total (add lines 1a, b, and c).........................

495,763,355

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

495,763,355

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

7,436,450

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

488,326,905

Minimum investment return. Enter 5% (0.05) of line 5................

24,416,345

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.)

Minimum investment return from Part IX, line 6..................

24,416,345

Tax on investment income for 2022 from Part V, line 5.......

1,112,955

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

1,112,955

Distributable amount before adjustments. Subtract line 2c from line 1............

23,303,390

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

23,303,390

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

23,303,390

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

21,024,209

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

3,956

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

21,028,165

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				23,303,390
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			4,823,179
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 21,028,165
a Applied to 2022, but not more than line 2a			4,823,179
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.....				16,204,986
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2023.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........				7,098,404
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)

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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.

CLARENCE SCHARBAUER III

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

SCHARBAUER FOUNDATION INC
300 N MARIENFELD ST STE 900
MIDLAND,TX797014387
(432) 683-2222

bThe form in which applications should be submitted and information and materials they should include:

ORGANIZATIONS REQUESTING FUNDING FILL OUT AND SUBMIT AN ONLINE PRE-APPLICATION THROUGH THE FOUNDATIONS WEBSITE AT WWW.SCHARBAUERFOUNDATION.ORG BY DUE DATES LISTED ON THE HOME PAGE. THE FOUNDATION WILL INVITE SELECTED PREAPPLICANTS TO SUBMIT AN ONLINE FULL GRANT REQUEST. INSTRUCTIONS AND ATTACHMENTS ARE INCLUDED IN THE ONLINE REQUEST PROCESS.

cAny submission deadlines:

SPRING AND FALL CYCLE; DATES CHANGE EACH YEAR AND ARE POSTED ON THE ORGANIZATION'S WEBSITE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THE SCHARBAUER FOUNDATION SEEKS TO MAKE GRANTS THAT WILL HELP MIDLAND BE A BETTER PLACE IN WHICH TO LIVE AND OPERATE A BUSINESS. THE FOLLOWING ARE GENERAL GUIDELINES USED BY THE FOUNDATION IN EVALUATING GRANT REQUESTS. FOCUS AREAS * EDUCATION * HEALTH * PUBLIC/CIVIC BENEFIT * HUMAN/SOCIAL SERVICES GEOGRAPHICAL PREFERENCE AREAS * MIDLAND, TEXAS

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
311 MINISTRIES PO BOX 8402 MIDLAND,TX79708		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	2,500
AGAPE COUNSELING SERVICES OF WEST TEXAS 3500 N A ST STE 2400 MIDLAND,TX79705		PC	CAPACITY-BUILDING GRANT: RECRUIT AND HIRE ADDITIONAL LICENSED COUNSELOR	80,000
BACKYARD MIDLAND 2812 NORTHTOWN PL MIDLAND,TX79705		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	10,000
BIG BROTHERS BIG SISTERS OF THE PERMIAN BASIN INC 714 W LOUISIANA AVE MIDLAND,TX79701		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	5,000
BOYS AND GIRLS CLUB OF MIDLAND INC 1321 S GOODE ST MIDLAND,TX79701		PC	OUTREACH AND PROGRAMMING FOR TEENS AND TWEENS	15,000
BOYS AND GIRLS CLUB OF MIDLAND INC 1321 S GOODE ST MIDLAND,TX79701		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	25,000
BOYS AND GIRLS CLUB OF ODESSA 800 E 13TH ST ODESSA,TX79761		PC	OUTREACH AND PROGRAMMING FOR TEENS	15,000
BOYS AND GIRLS CLUBS OF THE PERMIAN BASIN 800 E 13TH ST ODESSA,TX79761		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	20,000
BREAKING BREAD MINISTRIES PO BOX 9402 MIDLAND,TX79708		PC	GENERAL OPERATING	20,000
BYNUM SCHOOL PO BOX 80175 MIDLAND,TX79708		PC	MEDICAL EMERGENCY AND SAFETY INITIATIVE	21,500
CENTERS FOR CHILDREN AND FAMILIES INC 3701 ANDREWS HIGHWAY MIDLAND,TX79703		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	60,000
COMMUNITIES IN SCHOOLS OF THE PERMIAN BASIN INC PO BOX 10532 MIDLAND,TX79702		PC	DROPOUT PREVENTION PROGRAM	60,000
COMMUNITY CHILDREN'S CLINIC PO BOX 3328 MIDLAND,TX79702		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	5,000
CRISIS CENTER OF WEST TEXAS 910 S GRANT STE B ODESSA,TX79761		PC	GENERAL OPERATING SUPPORT	50,000
FIRST TEE WEST TEXAS PO BOX 53035 MIDLAND,TX79710		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	12,500
FRIENDSHIP HOUSE PO BOX 52621 MIDLAND,TX79710		PC	9-PASSENGER VAN WITH LIFT	30,000
GIRL SCOUTS OF THE DESERT SW SOUTHERN NEW MEXICO & WEST TX INC 9700 GIRL SCOUT WAY EL PASO,TX79924		PC	ODESSA PROGRAM CENTER: UPDATES AND REPAIRS ON EXTERIOR SECURITY	70,000
GREATER IDEAL FAMILY LIFE CENTER 301 S TYLER ST MIDLAND,TX79701		PC	2023 EDUCATION PROGRAM EXPENSES	60,000
HEALTHY CITY PO BOX 4532 MIDLAND,TX797044532		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	20,000
HIGH SKY CHILDREN'S RANCH 8613 W COUNTY RD 60 MIDLAND,TX79707		PC	RESIDENTIAL SUPPORT FOR HIGH SKY'S HOME FOR TEEN BOYS	50,000
HIGH SKY CHILDREN'S RANCH 8613 W COUNTY RD 60 MIDLAND,TX79707		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	5,000
HISPANIC CULTURAL CENTER OF MIDLAND PO BOX 51404 MIDLAND,TX79710		PC	GENERAL OPERATING SUPPORT	12,500
HOSPICE OF MIDLAND 911 WEST TEXAS AVE MIDLAND,TX79701		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	5,000
MEADOWS MENTAL HEALTH POLICY INSTITUTE OF TEXAS PO BOX 140836 DALLAS,TX75214		PC	MIDLAND SCHOOL BEHAVIORAL HEALTH PROJECT - YEAR 4	10,000
MIDLAND CHILDREN'S REHABILITATION CENTER INC 802 VENTURA AVE MIDLAND,TX79705		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	12,500
MIDLAND COLLEGE FOUNDATION INC 3600 N GARFIELD MIDLAND,TX79705		PC	EARLY COLLEGE HIGH SCHOOL AT MC 2023-2024	50,000
MIDLAND COLLEGE FOUNDATION INC 3600 N GARFIELD MIDLAND,TX79705		PC	LEGACY SCHOLARSHIP PROGRAM AT MC 2023-2024	80,000
MIDLAND COLLEGE FOUNDATION INC 3600 N GARFIELD MIDLAND,TX79705		PC	CTE PLANNING WITH FACILITY PROGRAMMING AND CONSULTING	170,000
MIDLAND HABITAT FOR HUMANITY PO BOX 2555 MIDLAND,TX797022555		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	5,000
MIDLAND ISD EDUCATION FOUNDATION 615 W MISSOURI AVE MIDLAND,TX797015017		PC	DIRECTOR OF OPPORTUNITY CULTURE MISD STAFF POSITION	24,408
MIDLAND ISD EDUCATION FOUNDATION 615 W MISSOURI AVE MIDLAND,TX797015017		PC	SYSTEM OF GREAT SCHOOLS AND TEXAS STRATEGIC LEADERSHIP SUPPORT FOR MISD	47,500
MIDLAND MEMORIAL FOUNDATION 400 ROSALIND REDFERN GROVER PARKWAY MIDLAND,TX79701		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	10,000
MIDLAND MEMORIAL FOUNDATION 400 ROSALIND REDFERN GROVER PARKWAY MIDLAND,TX79701		PC	BEHAVIORAL HEALTH INTERN PROGRAM	300,000
MIDLAND SHARED SPACES INC 3500 N A STREET 1100 MIDLAND,TX79705		PC	DESKTOP PC REPLACEMENT PROJECT	200,000
MIDLAND SOUP KITCHEN 1401 ORCHARD LANE MIDLAND,TX79701		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	12,500
MIDLAND TEEN COURT 615 W MISSOURI SUITE 420V MIDLAND,TX79701		PC	GENERAL OPERATING SUPPORT	10,000
MIDLAND YOUNG LIFE BUILDING FOUNDATION 808 W WALL ST MIDLAND,TX797016634		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	25,000
NONPROFIT MANAGEMENT CENTER OF THE PERMIAN BASIN 3500 N A ST SUITE 2300 MIDLAND,TX79705		PC	NMC ENGAGEMENT FOR STRATEGIC CONSULTATION FOR BREAKING BREAD MINISTRIES	3,038
NONPROFIT MANAGEMENT CENTER OF THE PERMIAN BASIN 3500 N A ST SUITE 2300 MIDLAND,TX79705		PC	CAPITAL CAMPAIGN FOR ODESSA CAMPUS	650,000
NONPROFIT MANAGEMENT CENTER OF THE PERMIAN BASIN 3500 N A ST SUITE 2300 MIDLAND,TX79705		PC	GENERAL SUPPORT FOR EXISTING PROGRAMS	55,000
ONE ACCORD FOR KIDS 18 DESTA DR MIDLAND,TX797054507		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	5,000
PERMIACARE 401 E ILLINOIS MIDLAND,TX79701		PC	INDIVIDUALIZED SKILLS AND SOCIALIZATION (ISS) CAPACITY EXPANSION	100,000
PERMIAN BASIN BEHAVIORAL HEALTH CENTER 400 ROSALIND REDFERN GROVER PARKWAY MIDLAND,TX79701		PC	PERMIAN BASIN BEHAVIORAL HEALTH CENTER - CAPITAL CAMPAIGN	11,750,000
PERMIAN BASIN MEDICAL CENTER (DBA THE BEACON ALLIANCE) 2004 WEST OHIO MIDLAND,TX79701		PC	PBMC 2023-2024 OPERATING BUDGET	2,251,978
ROPE YOUTH 3500 W GOLF COURSE ROAD MIDLAND,TX79703		PC	FOOD FIRST STUDENT HUNGER INITIATIVE	20,000
SENIOR LIFE MIDLAND PO BOX 80519 MIDLAND,TX79708		PC	ADDITIONAL GRANT: SENIOR LIFE MIDLAND CAPITAL CAMPAIGN	500,000
SENIOR LIFE MIDLAND PO BOX 80519 MIDLAND,TX79708		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	12,500
SIBLEY NATURE CENTER 1307 E WADLEY MIDLAND,TX79705		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	15,000
SIBLEY NATURE CENTER 1307 E WADLEY MIDLAND,TX79705		PC	GENERAL OPERATING SUPPORT	20,000
SPECTRUM OF SOLUTIONS 2701 N A ST MIDLAND,TX79705		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	20,000
SPRINGBOARD CENTER 200 CORPORATE DRIVE MIDLAND,TX79705		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	2,500
STARLIGHT THERAPEUTIC RIDING CENTER INC 6 DESTA DRIVE SUITE 3000 MIDLAND,TX79705		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	25,000
TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC PO BOX 2202 KINGSVILLE,TX783638301		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	50,000
THE HOLDSWORTH CENTER 4907 RANCH ROAD 2222 AUSTIN,TX787310000		PC	2023-2025 MISD & ECISD CAMPUS LEADERSHIP PROGRAM & LEADERSHIP COLLABORATIVE	750,000
THE LIFE CENTER 2101 W WALL ST MIDLAND,TX79701		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	25,000
THE UNIVERSITY OF TEXAS OF THE PERMIAN BASIN 4901 E UNIVERSITY BLVD ODESSA,TX79762		PC	GRADUATE SCHOLARSHIP PROGRAM TO INCREASE THE NUMBER OF LOCAL LICENSED BEHAVIORAL HEALTH PROFESSIONALS	616,522
THIRD FUTURE SCHOOLS 2575 HEATHROW DRIVE COLORADO SPRINGS,CO80920		PC	2023-2024 TEACHER APPRENTICES FOR LAMAR ELEMENTARY	187,000
THRIVING UNITED INC 201 E ILLINOIS MIDLAND,TX79701		PC	GENERAL OPERATING SUPPORT	40,000
UNITED WAY OF MIDLAND INC 1209 W WALL ST MIDLAND,TX79701		PC	2023 EXCELLENCE IN EDUCATION AWARDS	10,000
UNITED WAY OF MIDLAND INC 1209 W WALL ST MIDLAND,TX79701		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	5,000
WEST TEXAS FOOD BANK PO BOX 4242 ODESSA,TX79760		PC	BOARD DIRECTED GRANT FOR GENERAL OPERATING	5,000
YMCA OF MIDLAND PO BOX 954 MIDLAND,TX79702		PC	PROPERTY ACQUISITION FOR FUTURE EXPANSION	500,000
PHILANTHROPY SOUTHWEST 3000 PEGASUS PARK DRIVE SUITE 706 DALLAS,TX752476204		PC	MEMBERSHIP GRANT FOR 2023	6,050
PETROLEUM CLUB EMPLOYEE CHRISTMAS FUND PO BOX 10527 MIDLAND,TX797027527		PC	EMPLOYEE CHRISTMAS FUND	200
PHILANTHROPY ROUNDTABLE 1730 M STREET NW SUITE 601 WASHINGTON,DC20036		PC	MEMBERSHIP GRANT	1,000
PHILANTHROPY SOUTHWEST 3000 PEGASUS PARK DRIVE SUITE 706 DALLAS,TX752476204		PC	MEMBERSHIP GRANT FOR 2024	6,050
PERMIAN BASIN PETROLEUM MUSEUM 1500 INTERSTATE 20 WEST MIDLAND,TX79701		PC	2023 HALL OF FAME	15,000
NONPROFIT MANAGEMENT CENTER OF THE PERMIAN BASIN 3500 NORTH A ST SUITE 2300 MIDLAND,TX79705		PC	2023 FUNDER'S ROUNDTABLE	750
SAN ANGELO AREA FOUNDATION 221 S IRVING ST SAN ANGELO,TX76903		PC	SUPPORT FOR PERMIAN AREA FUNDER'S NETWORK	225
Total ................................. 3a				19,258,721

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	587,261
4 Dividends and interest from securities ....			14	9,330,995
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			15	69,794,775
8 Gain or (loss) from sales of assets other than inventory ............			18	28,164
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFIXED ASSET ADJUSTMENTS			01	-42,546
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		79,698,649	0

13Total. Add line 12, columns (b), (d), and (e)..................

79,698,649

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEES	13,622	2,588		11,034

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AERCAP IRELAND CAPITAL DESIGNA 3.0% 10/29/2028 USD SR LIEN - AYDZ1G	140,756	140,756
AGILENT TECHNOLOGIES INC 2.75% 09/15/2029 USD SR LIEN - AB2D8C	388,125	388,125
AMERICAN INTERNATIONAL GROUP, 3.875% 01/15/2035 USD SR LIEN - 904I20	188,238	188,238
AMGEN INC. 3.0% 02/22/2029 USD SR LIEN - AYEES6	162,890	162,890
APPLE INC. 0.7% 02/08/2026 USD SR LIEN - ARJ7SD	162,136	162,136
AT&T INC. 2.3% 06/01/2027 USD SER * SR LIEN - AJX6DW	222,969	222,969
AXA EQUITABLE HOLDINGS, INC. 4.35% 04/20/2028 USD SER WI SR LIEN - AB1VJ8	121,765	121,765
B.A.T. CAPITAL CORPORATION 3.557% 08/15/2027 USD SR LIEN M-W+20.00BP -	76,394	76,394
BANCO SANTANDER, S.A. 4.25% 04/11/2027 USD SR LIEN - AB0JE7	193,804	193,804
BANCO SANTANDER, S.A. 4.379% 04/12/2028 USD SR LIEN - AB1A5X	194,362	194,362
BANK OF AMERICA CORP HYBRID MTN 01/20/2028 USD SR LIEN CPN 01/20/17 3.824	442,244	442,244
BARCLAYS PLC 5.2% 05/12/2026 USD SUB LIEN - 2WH1N3	198,784	198,784
BB&T CORPORATION MTN 3.875% 03/19/2029 USD SUB LIEN - AB1ZXN	276,185	276,185
BOEING COMPANY (THE) 4.875% 05/01/2025 USD SR LIEN - AJX477	169,164	169,164
BORGWARNER INC 2.65% 07/01/2027 USD SR LIEN - AJX9LT	205,028	205,028
BP CAP MARKETS AMERICA 3.017% 01/16/2027 USD SER * SR LIEN - AB1T8E	129,403	129,403
BP CAP MARKETS AMERICA 3.543% 04/06/2027 USD SR LIEN - AJX1ED	107,018	107,018
BURLINGTON NORTHERN SANTA FE, 3.75% 04/01/2024 SR LIEN - 4RDLW2	248,780	248,780
CHARLES SCHWAB CORPORATION (TH 0.9% 03/11/2026 USD SR LIEN - ARJ1MD	91,701	91,701
CHARLES SCHWAB CORPORATION (TH 3.85% 05/21/2025 USD SR LIEN - AB1DN9	196,218	196,218
CHEVRON U.S.A. INC. 0.687% 08/12/2025 USD SR LIEN - AJXGQC	94,045	94,045
CIGNA CORPORATION 4.375% 10/15/2028 USD SR LIEN - AB2CIY	140,775	140,775
CITIGROUP INC. HYBRID 01/10/2028 USD SR LIEN CPN 01/10/17 3.887% - 4JMO24	208,094	208,094
CITIGROUP INC. HYBRID 04/08/2026 USD SR LIEN CPN 04/08/20 3.106% - AJX194	121,505	121,505
COMCAST CORPORATION 4.4% 08/15/2035 USD SR LIEN - 90H0Z7	441,622	441,622
CROWN CASTLE INTERNATIONAL COR 3.8% 02/15/2028 USD SR LIEN - AB11PM	123,539	123,539
DOMINION ENERGY INC 4.25% 06/01/2028 USD SR LIEN - AB1EKX	230,422	230,422
ENBRIDGE INC FRN 02/16/2024 SOFRINDX O/N +63.00BP SR LIEN CPN 11/16/23-02	114,033	114,033
ENERGY TRANSFER PARTNERS 4.2% 04/15/2027 USD SR LIEN - 4JNDM0	111,793	111,793
ENTERGY CORP 1.9% 06/15/2028 USD SR LIEN - ARJBVU	259,707	259,707
ENTERPRISE PRODUCTS OPER 4.15% 10/16/2028 USD SR LIEN - AB1NIB	138,376	138,376
FHLB 2.75% 12/13/2024 SR LIEN - 44JT06	367,841	367,841
FIFTH THIRD BANCORP 2.55% 05/05/2027 USD SR LIEN - AJX46O	433,279	433,279
FISERV, INC. 4.2% 10/01/2028 USD SR LIEN - AB1MIS	216,120	216,120
FOX CORPORATION 4.709% 01/25/2029 USD SER WI SR LIEN - AJX16J	200,994	200,994
GENERAL MOTORS FINL CO 4.0% 01/15/2025 USD SR LIEN - 903Y65	118,042	118,042
GILEAD SCIENCES INC. 4.6% 09/01/2035 USD SR LIEN - 90SH69	365,395	365,395
HEWLETT PACKARD ENTERPRISE COM STEP 10/15/2025 SER WI SR LIEN M-W+45.00BP	174,197	174,197
HSBC HOLDINGS PLC HYBRID 03/13/2028 USD SR LIEN CPN 03/13/17 4.041% - AB0	197,628	197,628
HUMANA INC. 3.125% 08/15/2029 USD SR LIEN - AB2B4H	278,846	278,846
IBM CORP 3.3% 01/27/2027 USD SR LIEN - 4JOJI1	120,519	120,519
ING GROEP N.V. 4.55% 10/02/2028 USD SR LIEN - AB1MTU	400,844	400,844
INGERSOLL-RAND LUXEMBOURG FINA 3.5% 03/21/2026 USD SR LIEN - AB20FY	315,988	315,988
INTEL CORPORATION 2.45% 11/15/2029 USD SR LIEN - AB2K7F	274,805	274,805
JOHN DEERE CAPITAL CORP MTN 2.65% 06/24/2024 SR LIEN - AB0NNM	197,416	197,416
JPMORGAN CHASE & CO. HYBRID 03/13/2026 USD SR LIEN CPN 03/13/20 2.005% -	153,741	153,741
JPMORGAN CHASE & CO. HYBRID 04/22/2026 USD SR LIEN CPN 04/22/20 2.083% -	186,812	186,812
JPMORGAN CHASE & CO. HYBRID 06/23/2025 USD SER F2F SR LIEN CPN 06/23/21 0	180,684	180,684
L3HARRIS TECHNOLOGIES, INC. 4.4% 06/15/2028 USD SER WI SR LIEN - AJX4K6	252,246	252,246
LLOYDS BANKING GROUP PLC HYBRID 05/11/2027 USD SR LIEN CPN 03/11/21 1.627	183,330	183,330
LOCKHEED MARTIN CORPORATION 3.6% 03/01/2035 USD SR LIEN - 901SS8	434,436	434,436
MARSH & MCLENNAN COMPANIES INC 3.75% 03/14/2026 USD SER 11YR SR LIEN - 90	117,774	117,774
MICROSOFT CORPORATION 3.5% 02/12/2035 USD SR LIEN - 906ZY6	611,375	611,375
MPLX LP 4.875% 06/01/2025 USD SER WI SR LIEN - 4J4OY4	193,764	193,764
NETAPP INC 3.3% 09/29/2024 SR LIEN - AB0THL	294,774	294,774
NXP BV/NXP FUNDING LLC 5.55% 12/01/2028 USD SR LIEN - AYETNC	159,721	159,721
OMNICOM GROUP INC. 3.65% 11/01/2024 USD SR LIEN - 6VY207	246,003	246,003
ONTARIO (PROVINCE OF) 3.2% 05/16/2024 SR LIEN - 4X7PK0	595,008	595,008
ORACLE CORP 2.95% 11/15/2024 USD SR LIEN - AB0WNL	122,203	122,203
PHILIP MORRIS INTL INC 0.875% 05/01/2026 USD SR LIEN - AJXQKK	154,878	154,878
PNC BANK NA 2.7% 10/22/2029 USD SER BKNT SUB LIEN - AB2H5N	254,542	254,542
PUBLIC SERVICE ENTERPRISE GROU 1.6% 08/15/2030 USD SR LIEN - AJXH0J	241,239	241,239
PUBLIC STORAGE 0.875% 02/15/2026 USD SR LIEN - ARJ5JU	87,913	87,913
PUBLIC STORAGE 1.85% 05/01/2028 USD SR LIEN - ARJHIX	523,230	523,230
REALTY INCOME CORP 3.4% 01/15/2028 USD SR LIEN - AYE1GE	166,414	166,414
REGIONS FINANCIAL CORP 1.8% 08/12/2028 USD SR LIEN - ARJXEX	123,451	123,451
REYNOLDS AMERICAN INC 4.45% 06/12/2025 USD SR LIEN - 902OF8	163,101	163,101
ROYAL BANK OF SCOTLAND GROUP P HYBRID 05/18/2029 USD SR LIEN CPN 05/18/18	273,204	273,204
S&P GLOBAL INC. 1.25% 08/15/2030 USD SR LIEN - AJXGON	218,080	218,080
SANTANDER UK GROUP HOLDINGS PL HYBRID 08/21/2026 USD SR LIEN CPN 08/21/20	186,560	186,560
SHELL INTERNATIONAL FIN 4.125% 05/11/2035 USD SR LIEN - 90EYY0	198,359	198,359
SIMON PROPERTY GROUP, L.P. 3.3% 01/15/2026 USD SR LIEN - 4OPVZ0	121,126	121,126
SRS CCD 26745899 MTN 3.75% 06/01/2026 USD SR LIEN - AB24N8	154,426	154,426
SUMITOMO MITSUI FINANCIAL GROU 1.902% 09/17/2028 USD SR LIEN - ARK1A7	280,317	280,317
SUMITOMO MITSUI FINANCIAL GROU 3.944% 07/19/2028 USD SR LIEN - AB1HM4	139,678	139,678
TARGET CORPORATION 3.5% 07/01/2024 SR LIEN - 4XJTH7	297,279	297,279
THE J. M. SMUCKER COMPANY 4.25% 03/15/2035 USD SER WI SR LIEN - 902DC7	206,688	206,688
THE SOUTHERN COMPANY 3.25% 07/01/2026 USD SR LIEN - 2WJ4F3	260,566	260,566
T-MOBILE USA, INC. 2.05% 02/15/2028 USD SER WI SR LIEN - ARJN6M	182,416	182,416
TORONTO-DOMINION BANK (THE) MTN 3.25% 03/11/2024 SR LIEN - AB1Z6K	448,006	448,006
TOTAL CAPITAL INTERNATIONAL 3.455% 02/19/2029 USD SR LIEN - AB1XET	147,702	147,702
TOYOTA MOTOR CORPORATION 0.681% 03/25/2024 SR LIEN - ARJE58	133,515	133,515
U.S. BANCORP MTN 3.0% 07/30/2029 USD SUB LIEN - AB29VQ	193,574	193,574
UNITEDHEALTH GROUP INC 4.625% 07/15/2035 USD SR LIEN - 90LR55	414,814	414,814
VERIZON COMMUNICATIONS, INC. 3.875% 02/08/2029 USD SR LIEN - AB1X1N	193,125	193,125
VISA INC. 4.15% 12/14/2035 USD SR LIEN - 4OAM42	226,692	226,692
WAL-MART STORES, INC. 5.25% 09/01/2035 USD SR LIEN - 2ST5N8	184,955	184,955
XCEL ENERGY INC 3.3% 06/01/2025 USD SR LIEN - 90HLD3	141,466	141,466

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABB LTD SPONSORED ADR CMN - ABBNY	399,298	399,298
ADIDAS AG ADR CMN - ADDYY	109,346	109,346
AIA GROUP LIMITED SPONSORED ADR CMN SERIES - AAGIY	250,322	250,322
AIR LIQUIDE SA ADR CMN - AIQUY	219,297	219,297
AIRBUS S.E. ADR CMN - EADSY	266,701	266,701
AMADEUS IT GROUP SA ADR CMN - AMADY	251,633	251,633
AMERICA MOVIL, S.A.B. DE C.V. ADR CMN - AMX	82,358	82,358
ANHEUSER-BUSCH INBEV SPONSORED ADR CMN - BUD	203,941	203,941
AON PUBLIC LIMITED COMPANY CMN - AON	92,835	92,835
ASML HOLDING N.V. ADR CMN - ASML	544,225	544,225
ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMN - AZN	424,170	424,170
B&M EUROPEAN VALUE RETAIL S.A. ADR CMN - BMRRY	150,883	150,883
BEIGENE, LTD. SPONSORED ADR CMN - BGNE	108,036	108,036
BP P.L.C. SPONSORED ADR CMN - BP	125,989	125,989
BRITISH AMERICAN TOBACCO PLC SPONS ADR - BTI	229,370	229,370
CANADIAN NATIONAL RAILWAY CO. CMN - CNI	164,198	164,198
CAP GEMINI ADR CMN - CGEMY	179,982	179,982
CARLSBERG A/S SPONSORED ADR CMN - CABGY	141,898	141,898
DAIICHI SANKYO CO LTD SPONSORED ADR CMN - DSNKY	142,653	142,653
DAIKIN INDUSTRIES, LTD. UNSPONSORED ADR CMN - DKILY	115,775	115,775
DANONE SPONSORED ADR CMN - DANOY	172,888	172,888
DBS GROUP HOLDINGS SPONSORED ADR CMN - DBSDY	275,670	275,670
DIAGEO PLC SPON ADR (NEW) SPONSORED ADR CMN - DEO	51,272	51,272
DNB BANK ASA SPONSORED ADR CMN - DNBBY	168,323	168,323
DSV PANALPINA A/S UNSPONSORED ADR CMN - DSDVY	94,336	94,336
ENGIE SPONSORED ADR CMN - ENGIY	259,927	259,927
EPIROC AB ADR CMN - EPOKY	228,489	228,489
ESSILOR INTERNATIONAL SA ADR CMN - ESLOY	305,824	305,824
FUJITSU LTD ADR (5 COM) ADR CMN - FJTSY	85,506	85,506
GENMAB A/S SPONSORED ADR CMN - GMAB	216,034	216,034
GIVAUDAN SA ADR CMN - GVDNY	268,902	268,902
HDFC BANK LIMITED SPONSORED ADR CMN - HDB	254,347	254,347
HERMES INTERNATIONAL UNSPONSORED ADR CMN - HESAY	173,172	173,172
HITACHI LTD (ADR 10 COM) ADR CMN - HTHIY	82,814	82,814
HOYA CORP SPONSORED ADR CMN - HOCPY	89,763	89,763
INDUSTRIA DE DISENO TEXTIL, S. ADR CMN - IDEXY	268,479	268,479
ING GROEP N.V. SPONS ADR SPONSORED ADR CMN - ING	42,927	42,927
ITOCHU CORP (ADR) ADR CMN - ITOCY	204,860	204,860
KERING ADR CMN - PPRUY	192,215	192,215
KEYENCE CORPORATION CMN NON - DTC ELIGIBLE - KYCCF	310,432	310,432
KONINKLIJKE KPN N.V. SPONSORED ADR CMN - KKPNY	88,528	88,528
LONDON STOCK EXCHANGE GROUP PL ADR CMN - LNSTY	423,774	423,774
LONZA GROUP AG UNSPONSORED ADR CMN - LZAGY	44,042	44,042
LOREAL CO (ADR) ADR CMN - LRLCY	343,592	343,592
LVMH MOET HENNESSY LOUIS VUITTON S.A. ADR CMN - LVMUY	208,915	208,915
MARUBENI CORP (ADR) GDS CMN - MARUY	111,125	111,125
MERCADOLIBRE, INC. CMN - MELI	185,442	185,442
MTU AERO ENGINES HOLDINGS AG UNSPONSORED ADR CMN - MTUAY	105,901	105,901
NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) - NSRGY	233,566	233,566
NETEASE INC SPONSORED ADR CMN - NTES	52,542	52,542
NICE SYSTEMS LTD 1 ADR REPRESENTS 1 ORD SH - NICE	71,824	71,824
NIDEC CORPORATION SPONSORED ADR - NJDCY	52,878	52,878
NIPPON TELEG & TEL SPON ADR SPONSORED ADR CMN - NTTYY	171,011	171,011
NITORI HOLDINGS CO., LTD. ADR CMN - NCLTY	127,773	127,773
NOKIA CORPORATION SPONSORED ADR CMN - NOK	55,924	55,924
NOMURA RESEARCH INSTITUTE, LTD ADR CMN - NRILY	183,406	183,406
NOVO-NORDISK A/S ADR ADR CMN - NVO	617,079	617,079
PERNOD RICARD SPONSORED ADR CMN - PRNDY	66,776	66,776
RECKITT BENCKISER GROUP PLC SPONSORED ADR CMN - RBGLY	149,715	149,715
RECRUIT HOLDINGS CO., LTD. ADR - RCRUY	105,179	105,179
RELX PLC SPONSORED ADR CMN - RELX	167,881	167,881
ROLLS-ROYCE HOLDINGS PLC SPONSORED ADR CMN - RYCEY	75,549	75,549
SAFRAN SA SPONSORED ADR CMN - SAFRY	509,068	509,068
SAP SE (SPON ADR) - SAP	440,427	440,427
SHIN-ETSU CHEMICAL CO., LTD. UNSPONSORED ADR CMN - SHECY	295,259	295,259
SHOPIFY INC. CMN CLASS A - SHOP	77,900	77,900
SIKA AG ADR CMN - SXYAY	368,907	368,907
SINGAPORE TELECOMMUNICATIONS L SPONSORED ADR CMN - SGAPY	168,619	168,619
SMC CORPORATION CMN NON DTC ELIGIBLE - SMECF	251,985	251,985
STMICROELECTRONICS NV ADR CMN - STM	268,296	268,296
STRAUMANN HOLDING AG UNSPONSORED ADR CMN - SAUHY	193,026	193,026
TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 1ADS EQUALS 5ORDS - TSM	286,312	286,312
TDK CORPORATION (ADR) ADR - TTDKY	139,314	139,314
TENCENT HOLDINGS LIMITED UNSPONSORED ADR CMN ADD ADR REL 19358779 - TCEHY	141,940	141,940
TFI INTERNATIONAL INC CMN - TFII	262,441	262,441
TOKYO ELECTRON LIMITED UNSPONSORED ADR CMN - TOELY	176,451	176,451
TOTALENERGIES SE SPONSORED ADR CMN - TTE	452,389	452,389
UNICHARM CORP. SPONSORED ADR CMN - UNICY	120,087	120,087
UNITED OVERSEAS BK LTD SPONSORED ADR CMN - UOVEY	173,277	173,277
WORLDLINE SA ADR CMN - WRDLY	35,278	35,278
AGREE REALTY CORPORATION CMN - ADC	83,094	83,094
ALAMO GROUP INC. CMN - ALG	135,573	135,573
ALLEGIANT TRAVEL COMPANY CMN - ALGT	40,231	40,231
ALLEGRO MICROSYSTEMS INC CMN - ALGM	81,729	81,729
AMERIS BANCORP CMN - ABCB	118,832	118,832
AMERISAFE, INC CMN - AMSF	56,838	56,838
APPFOLIO, INC. CMN CLASS A - APPF	123,000	123,000
ARCUTIS BIOTHERAPEUTICS INC CMN - ARQT	13,411	13,411
ARTIVION INC CMN - AORT	53,837	53,837
ATRICURE, INC CMN - ATRC	72,986	72,986
AVIENT COR CMN - AVNT	148,945	148,945
AZENTA INC CMN - AZTA	76,540	76,540
BALCHEM CORPORATION CMN - BCPC	110,819	110,819
BIOCRYST PHARMACEUTICALS INC CMN - BCRX	25,757	25,757
BOOT BARN HOLDINGS, INC. CMN - BOOT	83,285	83,285
CATHAY GENERAL BANCORP CMN - CATY	95,335	95,335
CBIZ, INC. CMN - CBZ	127,183	127,183
CENTRAL GARDEN & PET COMPANY CMN CLASS A NON VOTING SHARES - CENTA	137,757	137,757
CHAMPIONX CORPORATION CMN - CHX	62,071	62,071
CHART INDUSTRIES, INC. CMN - GTLS	74,300	74,300
CHUYS HLDGS INC CMN - CHUY	61,741	61,741
COHEN & STEERS, INC. CMN - CNS	123,819	123,819
CRYOPORT, INC. CMN - CYRX	25,357	25,357
DESCARTES SYSTEMS GRP (THE) CMN - DSGX	124,157	124,157
DUCOMMUN INCORPORATED CMN - DCO	42,221	42,221
ENDAVA PLC ADR CMN - DAVA	88,515	88,515
FIRST WATCH RESTAURANT GROUP, CMN - FWRG	20,603	20,603
FLYWIRE CORPORATION CMN - FLYW	115,750	115,750
FOX FACTORY HOLDING CORP. CMN - FOXF	56,683	56,683
GLACIER BANCORP INC (NEW) CMN - GBCI	71,484	71,484
GLOBUS MEDICAL INC CMN CLASS A - GMED	101,198	101,198
GRAND CANYON EDUCATION, INC. CMN - LOPE	112,894	112,894
HALOZYME THERAPEUTICS, INC. CMN - HALO	99,792	99,792
HEALTHEQUITY, INC. CMN - HQY	118,014	118,014
HEARTLAND EXPRESS, INC. CMN - HTLD	28,078	28,078
HELEN OF TROY LTD (NEW) CMN - HELE	61,855	61,855
HORACE MANN EDUCATORS CORP CMN - HMN	97,708	97,708
HOULIHAN LOKEY, INC. CMN - HLI	117,991	117,991
ICF INTERNATIONAL INC CMN - ICFI	113,574	113,574
ICU MEDICAL INC CMN - ICUI	38,699	38,699
IDACORP, INC. CMN - IDA	82,392	82,392
INDEPENDENT BANK CORP. CMN - INDB	79,104	79,104
INSMED INC CMN - INSM	65,079	65,079
INTAPP, INC. CMN - INTA	113,110	113,110
INTEGRA LIFESCIENCES HOLDING CORPORATION - IART	67,546	67,546
INTRA-CELLULAR THERAPIES, INC. CMN - ITCI	118,173	118,173
ITT INC. CMN - ITT	119,320	119,320
LITHIA MOTORS INC CL-A CMN CLASS A - LAD	126,773	126,773
MACOM TECHNOLOGY SOLUTIONS CMN - MTSI	144,537	144,537
MAGNOLIA OIL & GAS CORP CMN CLASS A - MGY	116,031	116,031
MATADOR RES CO CMN - MTDR	162,051	162,051
MEDPACE HOLDINGS, INC. CMN - MEDP	148,054	148,054
MINERALS TECHNOLOGIES INC. CMN - MTX	113,739	113,739
NATIONAL HEALTH INVESTORS, INC CMN - NHI	62,552	62,552
NORTHWESTERN CORPORATION CMN - NWE	98,065	98,065
NOVANTA INC. CMN - NOVT	152,916	152,916
OCEANFIRST FINANCIAL CORP CMN - OCFC	75,151	75,151
OXFORD IND INC CMN - OXM	100,500	100,500
PACIFIC PREMIER BANCORP, INC CMN - PPBI	104,767	104,767
PATRICK INDUSTRIES, INC. CMN - PATK	84,695	84,695
PATTERSON-UTI ENERGY, INC. CMN REG OFFER 23054738 - PTEN	29,160	29,160
PAYCOR HCM, INC. CMN - PYCR	86,835	86,835
PHREESIA INC CMN - PHR	87,160	87,160
PRIMORIS SERVICES CORPORATION CMN - PRIM	114,741	114,741
PROGYNY INC CMN - PGNY	71,200	71,200
RAPID7, INC. CMN - RPD	68,177	68,177
RBC BEARINGS INCORPORATED CMN - RBC	166,376	166,376
REVOLVE GROUP INC CMN CLASS A - RVLV	26,031	26,031
RYMAN HOSPITALITY PPTYS INC CMN - RHP	139,226	139,226
SEACOAST BANKING CORPORATION O CMN - SBCF	99,610	99,610
SHOALS TECHNOLOGIES GROUP, INC CMN - SHLS	66,449	66,449
SILGAN HOLDINGS INC CMN - SLGN	121,587	121,587
SILICON LABORATORIES INC. CMN - SLAB	88,621	88,621
SKYLINE CHAMPION CORPORATION CMN - SKY	119,336	119,336
SPX TECHNOLOGIES INC CMN - SPXC	192,727	192,727
STAG INDUSTRIAL, INC. CMN - STAG	158,610	158,610
STIFEL FINANCIAL CORP CMN - SF	124,263	124,263
SUPERNUS PHARMACEUTICALS, INC. CMN - SUPN	88,730	88,730
TEREX CORP (NEW) CMN - TEX	89,063	89,063
TEXAS ROADHOUSE, INC. CMN - TXRH	174,178	174,178
TRI POINTE HOMES INC CMN - TPH	63,720	63,720
U.S. PHYSICAL THERAPY, INC. CMN - USPH	75,443	75,443
UFP INDUSTRIES, INC. CMN - UFPI	155,682	155,682
UMB FINANCIAL CORP CMN - UMBF	60,574	60,574
UTZ BRANDS INC CMN - UTZ	53,381	53,381
VERACYTE, INC. CMN - VCYT	79,284	79,284
VIAVI SOLUTIONS, INC. CMN - VIAV	95,162	95,162
VITA COCO COMPANY, INC. (THE) CMN - COCO	40,681	40,681
ALPHABET INC. CMN CLASS C - GOOG	395,309	395,309
AVANTOR FUNDING, INC. CMN - AVTR	299,073	299,073
AXALTA COATING SYSTEMS LTD. CMN - AXTA	341,399	341,399
BANK OF AMERICA CORP CMN - BAC	555,555	555,555
BAXTER INTERNATIONAL INC CMN - BAX	506,446	506,446
BERKSHIRE HATHAWAY INC. CLASS B - BRKB	488,624	488,624
CARTER'S, INC. CMN - CRI	486,785	486,785
CORNING INCORPORATED CMN - GLW	512,321	512,321
DEVON ENERGY CORPORATION (NEW) CMN - DVN	237,055	237,055
ELANCO ANIMAL HEALTH INCORPORA CMN - ELAN	631,760	631,760
GENERAL MOTORS COMPANY CMN - GM	350,220	350,220
GRAPHIC PACKAGING HLDGCO CMN - GPK	537,370	537,370
INFINERA CORPORATION CMN - INFN	158,650	158,650
INTL.FLAVORS & FRAGRANCE CMN - IFF	160,968	160,968
LIONS GATE ENTERTAINMENT CORP. CMN CLASS B - LGFB	524,785	524,785
LIVENT CORPORATION CMN -	176,204	176,204
MICRON TECHNOLOGY, INC. CMN - MU	546,176	546,176
MOHAWK INDUSTRIES INC COMMON STOCK - MHK	445,568	445,568
REGIONS FINANCIAL CORPORATION CMN - RF	168,606	168,606
SENSATA TECHNOLOGIES HOLDING P CMN - ST	514,709	514,709
SS&C TECHNOLOGIES HOLDINGS, IN CMN - SSNC	520,963	520,963
TOPGOLF CALLAWAY BRANDS CORP CMN - MODG	453,144	453,144
URBAN OUTFITTERS INC CMN - URBN	121,346	121,346
WALT DISNEY COMPANY (THE) CMN - DIS	365,675	365,675
ZIMMER BIOMET HOLDINGS INC - ZBH	541,565	541,565
ALPHABET INC. CMN CLASS C - GOOG	257,056	257,056
ARMSTRONG WORLD INDUSTRIES, INC CMN - AWI	102,056	102,056
ASSOCIATED BRITISH FOOD PLC ADR (NEW) - ASBFY	309,615	309,615
BERKSHIRE HATHAWAY INC. CLASS B - BRKB	202,583	202,583
BOLLORE CMN NON DTC ELIGIBLE - BOIVF	819,382	819,382
CANADIAN NATURAL RESOURCES CMN - CNQ	518,918	518,918
CHARLES SCHWAB CORPORATION CMN - SCHW	252,152	252,152
CISCO SYSTEMS, INC. CMN - CSCO	258,258	258,258
COCA-COLA COMPANY (THE) CMN - KO	129,116	129,116
COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A - CTSH	259,899	259,899
CONOCOPHILLIPS CMN - COP	156,927	156,927
CONTINENTAL AKTIENGESELLSCHAFT ADR - CTTAY	101,837	101,837
DEVON ENERGY CORPORATION (NEW) CMN - DVN	152,480	152,480
DIAMONDBACK ENERGY INC CMN - FANG	152,289	152,289
EBAY INC. CMN - EBAY	102,681	102,681
ELEVANCE HEALTH INC CMN - ELV	103,272	103,272
EMBECTA CORP. CMN - EMBC	106,708	106,708
EOG RESOURCES INC CMN - EOG	150,220	150,220
FIRST HAWAIIAN, INC. CMN - FHB	51,664	51,664
FOX CORPORATION CMN CLASS B - FOX	255,763	255,763
GRAFTECH INTERNATIONAL LTD. CMN - EAF	109,769	109,769
INGREDION INC CMN - INGR	154,221	154,221
ISHARES MSCI SOUTH KOREA ETF - EWY	469,850	469,850
JOHNSON & JOHNSON CMN - JNJ	257,524	257,524
KENVUE INC. CMN - KVUE	79,876	79,876
L3HARRIS TECHNOLOGIES INC CMN - LHX	86,565	86,565
LOCKHEED MARTIN CORPORATION CMN - LMT	82,490	82,490
MASCO CORPORATION CMN - MAS	152,112	152,112
MICROSOFT CORPORATION CMN - MSFT	285,038	285,038
NEWS CORPORATION CMN CLASS A - NWSA	212,407	212,407
NEWS CORPORATION CMN CLASS B - NWS	53,164	53,164
NORTHROP GRUMMAN CORP CMN - NOC	82,861	82,861
OLIN CORPORATION CMN - OLN	157,588	157,588
ORACLE CORPORATION CMN - ORCL	152,663	152,663
PEPSICO, INC. CMN - PEP	310,468	310,468
PIONEER NATURAL RESOURCES CO CMN - PXD	149,095	149,095
PROCTER & GAMBLE COMPANY (THE) CMN - PG	206,768	206,768
RELIANCE INC CMN - RS	128,373	128,373
STATE STREET CORPORATION (NEW) CMN - STT	154,300	154,300
SYSCO CORPORATION CMN - SYY	201,400	201,400
THE BANK OF NY MELLON CORP CMN - BK	103,215	103,215
TYSON FOODS INC CL-A CMN CLASS A - TSN	211,668	211,668
U-HAUL HOLDING CO CMN - UHAL	17,304	17,304
U-HAUL HOLDING COMPANY CMN - UHALB	308,457	308,457
UNILEVER PLC (NEW) SPONSORED ADR CMN - UL	103,262	103,262
WALT DISNEY COMPANY (THE) CMN - DIS	125,684	125,684
WARNER BROS DISCOVERY INC CMN - WBD	51,972	51,972
WELLS FARGO & CO (NEW) CMN - WFC	54,191	54,191

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

US Government Securities - End of Year Book Value:

17,345,091

US Government Securities - End of Year Fair Market Value:

17,345,091

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

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

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
VFIDX INTER-TERM INVEST-GR ADM 0571-10007953920	FMV	11,198,566	11,198,566
VIIGX IT TREASURY INDEX INSTITL 1643-10007953920	FMV	11,129,931	11,129,931
VWETX LONG-TERM INVEST-GR ADM 0568-10007953920	FMV	3,573,671	3,573,671
VLGSX LT TREASURY INDEX ADMIRAL 1944-10007953920	FMV	2,895,794	2,895,794
VFSIX SHORT-TERM INVEST-GR INST 0858-10007953920	FMV	9,265,045	9,265,045
VSBIX ST TREASURY INDEX INSTL 1642-10007953920	FMV	5,614,034	5,614,034
VTSNX TOT INTL STOCK IX INST 1869-10007874779	FMV	65,388,939	65,388,939
VITSX TOTAL STOCK MKT IDX INST 0855-10007874779	FMV	101,469,105	101,469,105
GS ENHANCED INCOME FUND CLASS P - GAEPX	FMV	20,933,293	20,933,293
GS HIGH YIELD FUND CLASS P - GGMPX	FMV	7,796,787	7,796,787
ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS G - BTMGX	FMV	17,557,721	17,557,721
ISHARES S&P 500 INDEX FUND CLASS G - BSPGX	FMV	109,626,841	109,626,841

- TIN:

TY 2023 LandEtcSchedule2

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
LEASEHOLD IMPROVEMENTS	715,195	192,873	522,322	522,322
FURNITURE AND FIXTURES	271,076	93,710	177,366	177,366
OFFICE EQUIPMENT	59,658	38,907	20,751	20,751

- TIN:

TY 2023 LegalFeesSchedule

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	23,035	15,010		8,025

- TIN:

TY 2023 OtherAssetsSchedule

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
SCHARBAUER MINERALS LP	851,914	851,914	99,565,000

- TIN:

TY 2023 OtherExpensesSchedule

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
DUES AND SUBSCRIPTIONS	38,979	304	38,675
INSURANCE	43,112	8,191	34,921
PENSION PLAN FEES	4,967	944	4,023
BANK AND PAYROLL PROCESSING FEES	7,669	1,457	6,212
IT AND COMPUTER	16,395	3,115	13,280
OFFICE EXPENSES	16,956	3,222	13,734
ROYALTY DEDUCTIONS THROUGH SCHARBAUER MINERALS, LP	0	5,982,479	0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ROYALTY INCOME FROM PARTNERSHIP	69,794,775	75,432,018	69,794,775
OTHER INCOME THROUGH SCHARBAUER MINERALS, LP		1,813,583
FIXED ASSET ADJUSTMENTS	-42,546		-42,546

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Description	Amount
ADJUSTMENT TO OPENING BALANCE TO AGREE TO THE MODIFIED CASH BASIS	23,057,739
UNREALIZED GAIN ON INVESTMENTS	53,930,180

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	748,601	748,601	0
PROGRAM CONSULTING	238,676	0	238,676
EXECUTIVE COACHING AND CONSULTING	43,368	8,240	35,128
AERIAL PHOTOGRAPHY AND VIDEO	1,600	304	1,296
COMPENSATION CONSULTANT	32,182	6,115	26,067
WEBSITE CONSULTING	2,485	472	2,013

- TIN:

TY 2023 TaxesSchedule

Name:

SCHARBAUER FOUNDATION INC

EIN:

26-2527362

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	1,045,000	0		0
FOREIGN TAXES WITHHELD	52,940	52,940		0