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
ANGELA J BOWEN CONSERVANCY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1006 PLYMOUTH STREET SW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OLYMPIA, WA98502
A Employer identification number

91-2015916
B Telephone number (see instructions)

(360) 352-1300
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$50,522,482J 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) 29,034
2 Check right arrow.............
3 Interest on savings and temporary cash investments 839,609 839,609  
4 Dividends and interest from securities... 596,524 596,524  
5a Gross rents............ 23,671 23,671  
b Net rental income or (loss) -130,300
6a Net gain or (loss) from sale of assets not on line 10 179,733
b Gross sales price for all assets on line 6a 10,102,986
7 Capital gain net income (from Part IV, line 2)... 179,733
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
0 -385  
12 Total. Add lines 1 through 11........ 1,668,571 1,639,152  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 248,970 59,993   113,285
15 Pension plans, employee benefits....... 41,609 13,937   26,317
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
53,526 10,297   43,229
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,520 12,260   12,260
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
123,925 113,608   10,317
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
64,456 32,214   11,719
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
65,379 36,577  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 21,069 0   21,069
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
129,865 78,656   49,547
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 773,319 357,542   287,743
25 Contributions, gifts, grants paid....... 354,500 354,500
26 Total expenses and disbursements. Add lines 24 and 25 1,127,819 357,542   642,243
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 540,752
b Net investment income (if negative, enter -0-) 1,281,610
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 3,243,688 4,319,380 4,319,380
2 Savings and temporary cash investments......... 1,352,277 169,098 169,098
3 Accounts receivable right arrow11,493
Less: allowance for doubtful accounts right arrow   4,726 11,493 11,493
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 8,454,902 Click to see attachment
List of Attached Documents:
// Content
8,998,372 		9,013,283
b Investments—corporate stock (attach schedule)....... 11,487,670 Click to see attachment
List of Attached Documents:
// Content
10,861,476 		17,353,305
c Investments—corporate bonds (attach schedule)....... 15,449,934 Click to see attachment
List of Attached Documents:
// Content
15,637,612 		15,412,615
11 Investments—land, buildings, and equipment: basis right arrow2,836,644
Less: accumulated depreciation (attach schedule) right arrow171,975 2,189,614 Click to see attachment
List of Attached Documents:
// Content
2,664,669 		2,724,868
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,425 0 0
14 Land, buildings, and equipment: basis right arrow1,645,616
Less: accumulated depreciation (attach schedule) right arrow70,962 1,597,527 Click to see attachment
List of Attached Documents:
// Content
1,574,654 		1,518,440
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 43,803,763 44,236,754 50,522,482
Liabilities 17 Accounts payable and accrued expenses.......... 1,462 3,124
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 1,462 3,124
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 43,802,301 44,233,630
29 Total net assets or fund balances (see instructions)..... 43,802,301 44,233,630
30 Total liabilities and net assets/fund balances (see instructions). 43,803,763 44,236,754
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
43,802,301
2
Enter amount from Part I, line 27a .....................
2
540,752
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
44,343,053
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
109,423
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
44,233,630
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 P    
b GAIN ON SALE OF PROPERTY D 2021-09-01 2023-01-20
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,702,986   9,701,187 1,799
b 400,000   222,066 177,934
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       1,799
b       177,934
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 179,733
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 17,814
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 17,814
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 17,814
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 10,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 7,814
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWA, MS
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowJEFF CRAWFORD Telephone no.right arrow (360) 352-1300

Located atright arrow1006 PLYMOUTH STREET SWOLYMPIAWA ZIP+4right arrow98502
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
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
KAREN BUCKLEY BOARD CHAIR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
SUE BENNETT DIRECTOR/SECRETARY
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
JUNE SHANNON DIRECTOR/TREASURER (THRU 10/23)
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
MIKE MURPHY DIRECTOR/TREASURER (FROM 10/23)
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
BARBARA BENSON DIRECTOR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
LORI BOOTH DIRECTOR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
TRACY JEFFCOAT DIRECTOR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
JENNIFER HENDERSON DIRECTOR
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
FRANK TONY VILLARI DIRECTOR (THRU 05/23)
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
RICK WALLEY DIRECTOR (FROM 09/23)
1.00 		0 0 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
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
JEFF CRAWFORD ACCOUNTING MANAGER
29.50 		84,474 10,417 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
CAROLYN GADLEY OFFICE MANAGER
38.80 		57,464 10,417 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
DANIEL MARCOTTE GROUNDSKEEPER
39.30 		52,001 10,417 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
CARMEN TORRES RIVERA GROUNDSKEEPER
40.20 		41,273 10,417 0
1006 PLYMOUTH STREET SW
OLYMPIA,WA98502
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
SOUTH BAY BUILD & REMODEL CONSTRUCTION SERVICES 721,764
3435 SOUTH BAY RD NE
OLYMPIA,WA98506
BEAN GENTRY WHEELER & PETERNELL PLLC LEGAL SERVICES 51,728
910 LAKERIDGE WAY SW
OLYMPIA,WA98502
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 HOLD & MAINTAIN REAL ESTATE FOR NATURE CONSERVANCY PURPOSES. 287,743
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
39,482,785
b
Average of monthly cash balances.......................
1b
5,562,108
c
Fair market value of all other assets (see instructions)................
1c
2,736,361
d
Total (add lines 1a, b, and c).........................
1d
47,781,254
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
47,781,254
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
716,719
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
47,064,535
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,353,227
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,353,227
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
17,814
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
17,814
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,335,413
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,335,413
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,335,413
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
642,243
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
642,243
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,335,413
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......  
b From 2019...... 127,450
c From 2020......  
d From 2021......  
e From 2022...... 47,841
f Total of lines 3a through e ........ 175,291
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 642,243
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..... 642,243
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 175,291 175,291
(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 .......... 		1,517,879
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

OLYMPIA TUMWATER FOUNDATION

PO BOX 4098
TUMWATER,WA98501 		NONE PC MAINTENANCE & STEWARDSHIP OF LAND HELD FOR PARK, OPEN SPACE AND NATURE CONSERVANCY PURPOSES 200,000

OLYMPIA COALITION FOR ECOSYSTEMS PRESERVATION

1007 ROGERS ST NW
OLYMPIA,WA98502 		NONE PC MAINTENANCE & STEWARDSHIP OF LAND HELD FOR PARK, OPEN SPACE AND NATURE CONSERVANCY PURPOSES 104,500

FRIENDS OF ANIMAL SHELTER HANCOCK COUNTY

PO BOX 2274
BAY ST LOUIS,MS39521 		NONE PC CONTROL OF FERAL AND DOMESTIC ANIMAL POPULATIONS FOR WILDLIFE HABITAT ENHANCEMENT 25,000

FRIENDS OF JACKSON COUNTY ANIMAL SHELTER

2953 BIENVILLE BLVD 134
OCEAN SPRINGS,MS39564 		NONE PC CONTROL OF FERAL AND DOMESTIC ANIMAL POPULATIONS FOR WILDLIFE HABITAT ENHANCEMENT 25,000
Total .................................right arrow 3a 354,500
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 ........... 		    14 839,609  
4 Dividends and interest from securities ....     14 596,524  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -130,300  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 179,733  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,485,566 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,485,566
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
ANGELA J BOWEN CONSERVANCY FOUNDATION
 
Employer identification number

91-2015916
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
ANGELA J BOWEN CONSERVANCY FOUNDATION
  		Employer identification number
91-2015916
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ESTATE OF ANGELA J BOWEN
 
PO BOX 11459
 
OLYMPIA, WA98508

$ 29,034


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
ANGELA J BOWEN CONSERVANCY FOUNDATION
  		Employer identification number

91-2015916
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
ANGELA J BOWEN CONSERVANCY FOUNDATION
  		Employer identification number

91-2015916
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 24,520 12,260   12,260

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

TY 2023 DepreciationSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
LAND - ANCHOR LANE, OLYMPIA WA 2021-01-01 82,600   L   0 0    
LAND - LANDRUM FRAM, MIZE MS 2021-01-01 161,799   L   0 0    
LAND - DESCHUTES PKWY, OLYMPIA 2021-01-01 28,900   L   0 0    
LAND - 1319 10TH AVE SW, OLYMPIA 2021-01-01 85,242   L   0 0    
LAND 1321 10TH AVE SW, OLYMPIA 2021-01-01 76,302   L   0 0    
LAND 1202 10TH AVE SW 2017-09-01 113,299   L   0 0    
LAND 1312 10TH AVE SW 2017-09-01 72,573   L   0 0    
LAND 923 RODGERS ST SW 2017-09-01 71,186   L   0 0    
BUILDING 1202 10TH AVE SW 2017-09-01 321,701 70,569 SL 27.500000000000 11,698 11,698    
BUILDING 1312 10TH AVE SW 2021-09-01 174,427 33,145 SL 27.500000000000 529 529    
BUILDING 923 RODGERS ST SW 2021-09-01 199,814 38,531 SL 27.500000000000 7,266 7,266    
LAND - 3611 7TH AVE SW, OLYMPIA 2021-01-01 820,000   L   0 0    
BUILDING - 1010 ROGERS 2021-05-31 434,485 25,016 SL 27.500000000000 15,799 15,799    
DEMOLITION COSTS - 1319 10TH AVE SW, OLYMPIA 2021-06-30 114,916   L   0 0    
DEMOLITION COSTS - 1321 10TH AVE SW, OLYMPIA 2021-06-30 72,675   L   0 0    
BUILDING - 1006 PLYMOUTH 2021-06-10 340,000 19,576 SL 27.500000000000 12,364 0    
LAND - 1006 PLYMOUTH 2021-06-10 85,000   L   0 0    
BUILDING IMPROVEMENTS - 1006 PLYMOUTH 2021-09-01 60,281 2,923 SL 27.500000000000 2,192 0    
LAND - CAPITAL VIEW LOTS18-20 2021-05-31 79,050   L   0 0    
LAND - PLYMOUTH WOODS 2021-05-31 140,100   L   0 0    
AUTOMOBILE - AJBCF 2021-05-31 6,898 2,185 SL 5.000000000000 1,380 0    
FURNITURE AND FIXTURES - AJBCF 2021-05-31 7,376 1,669 SL 7.000000000000 1,054 0    
COMPUTER HW & SW - AJBCF 2021-05-31 31,048 9,832 SL 5.000000000000 6,210 0    
LAND - 1010 ROGERS 2021-05-31 130,515   L   0 0    
COLCC LAPTOP OFFICE COMPUTER 2021-09-15 1,619 432 SL 5.000000000000 324 0    
RIGHT COMPUTERS - 9 BOARD MEMBERS 2021-09-08 11,126 2,967 SL 5.000000000000 2,225 0    
RIGHT CONFIG. LAPTOPS BRD DIRE 2021-11-17 2,523 547 SL 5.000000000000 505 0    
NEW ROOF - 923 ROGERS 2021-09-30 12,034 547 SL 27.500000000000 438 438    
923 ROGERS IMPROVEMENTS 2021-12-31 3,652 133 SL 27.500000000000 133 133    
1202 10TH - MOVEABLE FURNITURE & EQUIPMENT (GUEST HOUSE) 2021-05-31 5,000 1,131 SL 7.000000000000 714 714    
GARAGE DRIVEWAY GATE - 1006 2022-03-23 863 43 SL 15.000000000000 58 0    
FENCE FOR BARN AND DRIVEWAY AREA - 1006 2022-08-31 2,122 47 SL 15.000000000000 141 0    
FENCE - PLYMOUTH WOODS - 1636 2022-05-04 10,218 454 SL 15.000000000000 681 0    
FENCE - DESCHUTES PKWY, OLYMPIA 2022-03-23 4,027 201 SL 15.000000000000 268 0    
FENCE - 1319 10TH AVE SW, OLYMPIA 2022-01-19 10,501 642 SL 15.000000000000 700 0    
FENCE - 1321 10TH AVE SW, OLYMPIA 2022-01-19 10,501 642 SL 15.000000000000 700 0    
LAND - 1001 ROGERS 2021-05-31 214,000   L   0 0    
DOOR AND WINDOW REMODEL - 923 ROGERS 2023-12-31 4,223   SL 27.500000000000 0 0    
BOILER - 1010 ROGERS 2023-12-31 12,451   SL 7.000000000000 0 0    
RENOVATION - 1202 10TH AVE SW 2023-12-31 689,149   SL 27.500000000000 0 0    
BATHROOM REMODEL- 1006 PLYMOUTH 2023-12-31 3,718   SL 27.500000000000 0 0    
CONSTRUCTION IN PROCESS 2023-12-31 2,211   NC 27.500000000000 0 0    
HVAC FURNACE - 1202 10TH AVE SW 2023-12-31 19,135   SL 7.000000000000 0 0    

TY 2023 InvestmentsCorpBondsSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Name of Bond End of Year Book Value End of Year Fair Market Value
ZIONS BANCORP, NT 5.4%24 235,000 235,536
WELLS FARGO BANK NA 5%24 235,000 234,890
USAA FEDERAL SAVI 5.5%24 240,000 240,559
UNITEDHEALTH GRO 3.75%25 272,218 246,727
UNITED BANKERS BA 3.1%24 139,000 138,493
UBS BANK USA 245,000 242,171
TOYOTA MOTOR CREDIT 3%25 264,493 244,333
TEXAS EXCHANGE BA 5.2%26 220,000 219,467
SYNOVUS BANK 5.2%24 230,000 230,444
SYNCHRONY BANK 245,000 242,216
STEARNS BANK NTNL 5.4%24 245,000 244,948
SOFI BANK, NTNL ASS 5%25 225,000 225,934
SIGNATURE BANK 245,000 244,236
SALLIE MAE BANK 4.65%25 245,000 244,920
PREMIER BANK 5.15%25 235,000 235,768
PBB BANCORP 240,000 239,567
PARTNERS BANK OF 5.15%24 235,000 235,048
OLD NTNL BANCORP 5.3%24 235,000 235,097
MORGAN STANLEY BA 5.1%25 200,000 200,807
MORGAN STANLEY BA 4.5%25 240,000 238,896
MIZRAHI TEFAHOT 5.45%24 245,000 245,113
MERRICK BANK 235,000 234,636
MERIDIAN CORP 5.25%24 235,000 235,012
M&T BANK CORP 240,000 239,823
LIVE OAK BANKING 3.5%25 245,000 241,023
LINCOLN SAVINGS 4.55%24 240,000 239,891
LENDINGCLUB BANK 5.05%25 240,000 240,454
JPMORGAN CHASE & 3.9%25 275,790 246,373
JOHN MARSHALL BANK 3%24 245,000 244,022
JOHN DEERE CAPIT 2.05%25 257,515 242,976
HORIZON BANK 240,000 239,485
HINGHAM INSTITUTI 5.4%24 245,000 245,191
GOLDMAN SACHS INT 3.5%25 269,223 245,069
FORBRIGHT BANK 245,000 243,924
FIRST NTNL BANK 4.85%24 235,000 234,656
FIRST FOUNDATION 5.05%25 230,000 230,719
FIRST CREDIT BANK 4.9%24 240,000 239,374
FIRST BANK RICHM 4.15%24 245,000 244,657
EVERBANK, NTNL AS 5.4%24 245,000 245,351
DOLLAR BANK, FEDE 5.3%25 245,000 246,518
DISCOVER BANK 5%25 235,000 235,915
DART FINL CORP 240,000 239,076
COMMUNITY BANKER 4.75%26 220,000 221,860
CIVISTA BANK 5%24 240,000 240,120
CITIGROUP INC ME 1.45%26 250,000 219,915
CHARLES SCHWAB BA 5.4%24 490,000 491,067
CELTIC BANK CORP 5.1%28 230,000 229,117
CAPITAL ONE BANK 3.25%24 245,000 241,987
CALPRIVATE BANK 230,000 229,178
BMW BANK OF NORT 3.25%24 245,000 242,143
BERKSHIRE HATHA 3.125%26 273,405 242,837
BEAL BANK USA 245,000 244,089
BARCLAYS BANK DEL 5.1%25 230,000 226,815
BAR HARBOR BANKSH 5.5%24 245,000 245,561
BANKUNITED, INC. 5.45%24 245,000 245,111
BANK OF CHINA - 3.15%24 245,000 244,090
BANK OF AMERICA, 5.4%25 245,000 248,284
BANK HAPOALIM B. 4.75%24 240,000 239,563
BANC OF CALIFORN 3.15%24 245,000 244,253
APEX BANK 245,000 244,084
AMGEN INC. 265,968 237,544
AMERICAN EXPRESS 3.3%24 245,000 242,216
ALLY BANK 245,000 244,119
1ST SOURCE BANK 5.3%27 230,000 229,347

TY 2023 InvestmentsCorpStockSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Name of Stock End of Year Book Value End of Year Fair Market Value
XYLEM INC. 123,650 228,720
XCEL ENERGY INC 49,488 61,910
WELLS FARGO & CO 47,130 49,220
WASTE MANAGEMENT INC 307,853 716,400
WARNER BROTHERS DISCOVER 69,233 21,406
VERIZON COMMUNICATN 77,063 60,320
UNION PACIFIC CORP 86,864 98,248
UNILEVER PLC F 55,282 48,480
TOTALENERGIES SE F 103,620 134,760
TORONTO DOMINION BANK F 106,690 129,240
T-MOBILE US INC 64,478 80,165
TJX COMPANIES INC 68,796 93,810
THOMSON REUTERS CORP F 41,145 127,796
TEXAS INSTRUMENTS 82,540 170,460
TESLA INC 67,876 74,544
TE CONNECTIVITY LTD F 79,350 140,500
TARGET CORP 92,185 56,968
TAIWAN SEMICONDUCTR F 92,100 260,000
SYSCO CORP 105,630 146,260
STARBUCKS CORP 83,099 96,010
SONOCO PRODUCTS CO 96,200 111,740
SEALED AIR CORP 88,835 73,040
RTX CORP 234,084 252,420
PROCTER & GAMBLE 184,230 293,080
PPL CORP 39,245 27,100
PEPSICO INC 68,680 84,920
PAYCHEX INC 170,485 357,330
PACCAR INC 81,120 146,475
NVIDIA CORP 72,613 148,566
NUCOR CORP 111,300 348,080
NORTHROP GRUMMAN CORP 271,396 468,140
MICROSOFT CORP 352,008 1,579,399
MICROCHIP TECHNOLOGY 86,260 180,360
MERCK & CO. INC. 225,667 381,570
MERCEDES-BENZ GROUP ORDF 72,726 69,100
MCDONALDS CORP 51,004 59,302
MARSH & MC LENNAN CO 233,715 568,410
LOCKHEED MARTIN CORP 611,830 906,480
LILLY ELI & CO 161,690 1,165,840
LEGGETT & PLATT INC 92,395 52,340
JPMORGAN CHASE & CO 228,313 425,250
INTL FLAVORS& FRAGRA 200,705 124,289
INTEL CORP 205,575 251,250
HERITAGE FINL 391,875 320,850
HALLIBURTON CO HLDG 100,709 108,450
GSK PLC ADR 62,400 55,590
GENUINE PARTS CO 103,700 138,500
GENERAL MILLS INC 266,453 325,764
GENERAL ELECTRIC CO 114,462 111,676
GENERAL DYNAMICS CO 403,432 519,340
GE HEALTHCARE TECHNOLOGI 73,766 77,320
GARMIN LTD 51,645 128,540
FORD MOTOR CO 60,885 60,950
EXELON CORP 32,306 35,900
EVERGY INC 100,786 83,416
EMERSON ELECTRIC CO 193,468 303,280
EASTMAN CHEMICAL CO 86,335 89,820
DUPONT DE NEMOURS INC IA 122,984 116,934
DOW INC 91,316 83,357
DOUGLAS DYNAMICS INC 89,185 59,360
DEVON ENERGY CORP 64,864 45,300
DEERE & CO 57,868 199,935
DANAHER CORP 95,340 92,536
CORTEVA INC 45,248 72,838
CONSTELLATION ENERGY COR 13,596 38,924
CONSOLIDATED EDISON 168,250 181,940
CONOCOPHILLIPS 87,670 232,140
CITIGROUP INC 59,708 51,440
CHEMOURS CO 60,009 63,080
BP PLC 69,895 70,800
BOEING CO 183,168 156,396
BECTON DICKINSON&CO 194,064 243,830
BANK OF HAWAII CORP 78,450 72,460
BANK AMERICA CORP 79,430 101,010
AVISTA CORP 51,228 35,740
ATMOS ENERGY CORP 88,150 115,900
AT&T INC 173,731 100,680
ASTRAZENECA PLC 95,360 134,700
ARTHUR J GALLAGHER&C 43,481 168,660
ARCHER-DANIELS-MIDLN 43,910 72,220
APPLIED MATERIALS 90,310 324,140
ANALOG DEVICES INC 19,534 46,066
AMERIPRISE FINL 82,450 189,915
AMER ELECTRIC PWR CO 166,175 162,440
AMAZON.COM INC 80,132 75,970
ALLSTATE CORP 111,100 139,980
ALLIANT ENERGY CORP 85,660 102,600
AFLAC INC 82,380 165,000
ADVANCED MICRO DEVIC 57,475 221,115
ABBVIE INC 58,315 77,485
3M CO 184,670 109,320

TY 2023 InvestmentsGovtObligationsSch
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
US Government Securities - End of Year Book Value:

8,998,372
US Government Securities - End of Year Fair Market Value:

9,013,283
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsLandSchedule2
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 1202 10TH AVE SW 113,299 0 113,299  
LAND 923 RODGERS ST SW 71,186 0 71,186  
BUILDING 1202 10TH AVE SW 321,701 82,267 239,434  
BUILDING 923 RODGERS ST SW 199,814 45,797 154,017  
LAND - 3611 7TH AVE SW, OLYMPIA 820,000 0 820,000  
BUILDING - 1010 ROGERS 434,485 40,815 393,670  
LAND - 1010 ROGERS 130,515 0 130,515  
NEW ROOF - 923 ROGERS 12,034 985 11,049  
923 ROGERS IMPROVEMENTS 3,652 266 3,386  
1202 10TH - MOVEABLE FURNITURE & EQUIPMENT (GUEST HOUSE) 5,000 1,845 3,155  
DOOR AND WINDOW REMODEL - 923 ROGERS 4,223 0 4,223  
BOILER - 1010 ROGERS 12,451 0 12,451  
RENOVATION - 1202 10TH AVE SW 689,149 0 689,149  
HVAC FURNACE - 1202 10TH AVE SW 19,135 0 19,135  

TY 2023 LandEtcSchedule2
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND - ANCHOR LANE, OLYMPIA WA 82,600 0 82,600  
LAND - LANDRUM FRAM, MIZE MS 161,799 0 161,799  
LAND - DESCHUTES PKWY, OLYMPIA 28,900 0 28,900  
LAND - 1319 10TH AVE SW, OLYMPIA 85,242 0 85,242  
LAND 1321 10TH AVE SW, OLYMPIA 76,302 0 76,302  
DEMOLITION COSTS - 1319 10TH AVE SW, OLYMPIA 114,916 0 114,916  
DEMOLITION COSTS - 1321 10TH AVE SW, OLYMPIA 72,675 0 72,675  
BUILDING - 1006 PLYMOUTH 340,000 31,940 308,060  
LAND - 1006 PLYMOUTH 85,000 0 85,000  
BUILDING IMPROVEMENTS - 1006 PLYMOUTH 60,281 5,115 55,166  
LAND - CAPITAL VIEW LOTS18-20 79,050 0 79,050  
LAND - PLYMOUTH WOODS 140,100 0 140,100  
AUTOMOBILE - AJBCF 6,898 3,565 3,333  
FURNITURE AND FIXTURES - AJBCF 7,376 2,723 4,653  
COMPUTER HW & SW - AJBCF 31,048 16,042 15,006  
COLCC LAPTOP OFFICE COMPUTER 1,619 756 863  
RIGHT COMPUTERS - 9 BOARD MEMBERS 11,126 5,192 5,934  
RIGHT CONFIG. LAPTOPS BRD DIRE 2,523 1,052 1,471  
GARAGE DRIVEWAY GATE - 1006 863 101 762  
FENCE FOR BARN AND DRIVEWAY AREA - 1006 2,122 188 1,934  
FENCE - PLYMOUTH WOODS - 1636 10,218 1,135 9,083  
FENCE - DESCHUTES PKWY, OLYMPIA 4,027 469 3,558  
FENCE - 1319 10TH AVE SW, OLYMPIA 10,501 1,342 9,159  
FENCE - 1321 10TH AVE SW, OLYMPIA 10,501 1,342 9,159  
LAND - 1001 ROGERS 214,000 0 214,000  
BATHROOM REMODEL- 1006 PLYMOUTH 3,718 0 3,718  
CONSTRUCTION IN PROCESS 2,211 0 2,211  


TY 2023 LegalFeesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 53,526 10,297   43,229


TY 2023 OtherDecreasesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Description Amount
RETURN OF FUNDS ERRONEOUSLY TRANSFERRED 109,423


TY 2023 OtherExpensesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUTO EXPENSE 2,206 1,324   882
BANK CHARGES 114 15   99
INSURANCE 12,016 7,296   4,720
LICENSE AND PERMITS 585 36   549
MEALS 3,455 0   3,455
POSTAGE 691 0   691
RENT EXPENSE 1,755 1,091   664
REPAIRS AND MAINTENANCE 66,695 46,021   20,674
SOFTWARE 7,497 0   7,497
SUPPLIES 10,206 7,180   1,364
TELEPHONE 1,302 1,302   0
UTILITIES 23,343 14,391   8,952


TY 2023 OtherIncomeSchedule2
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH INCOME   -385  


TY 2023 OtherProfessionalFeesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTANT FEES 12,398 2,081   10,317
INVESTMENT MANAGEMENT FEES 111,527 111,527   0


TY 2023 TaxesSchedule
Name:
ANGELA J BOWEN CONSERVANCY FOUNDATION
EIN:
91-2015916
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INCOME AND EXCISE TAX 14,423 0   0
PAYROLL TAXES 23,007 5,854   11,053
REAL ESTATE TAXES 27,026 26,360   666