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
Henry and Sara Sheehan Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)310 N Kensington Avenue
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
La Grange Park, IL605261870
A Employer identification number

45-4126770
B Telephone number (see instructions)

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$4,012,175
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 4 4  
4 Dividends and interest from securities... 82,673 75,664 7,009
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 47,745
b Gross sales price for all assets on line 6a 472,528
7 Capital gain net income (from Part IV, line 2)... 47,745
8 Net short-term capital gain......... 20
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 130,422 123,413 7,029
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 72,000 12,000   60,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 134     134
b Accounting fees (attach schedule)....... 5,769 2,000   3,769
c Other professional fees (attach schedule).... 4,727     4,727
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 6,560 1,780   4,780
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,179     2,179
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 44,787 36,000 1,913 6,874
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 136,156 51,780 1,913 82,463
25 Contributions, gifts, grants paid....... 152,500 152,500
26 Total expenses and disbursements. Add lines 24 and 25 288,656 51,780 1,913 234,963
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -158,234
b Net investment income (if negative, enter -0-) 71,633
c Adjusted net income (if negative, enter -0-)... 5,116
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............. 26,971 7,239 7,239
2 Savings and temporary cash investments......... 23,840 47,724 47,724
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 5,244 4,276 4,276
10a Investments—U.S. and state government obligations (attach schedule) 205,236 Click to see attachment
List of Attached Documents:
// Content
340,031
339,128
b Investments—corporate stock (attach schedule)....... 1,105,910 Click to see attachment
List of Attached Documents:
// Content
1,056,189
2,392,538
c Investments—corporate bonds (attach schedule)....... 1,492,694 Click to see attachment
List of Attached Documents:
// Content
1,245,830
1,210,407
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,449 Click to see attachment
List of Attached Documents:
// Content
10,863
10,863
14 Land, buildings, and equipment: basis right arrow13,333
Less: accumulated depreciation (attach schedule) right arrow13,333   Click to see attachment
List of Attached Documents:
// Content
0
 
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,870,344 2,712,152 4,012,175
Liabilities 17 Accounts payable and accrued expenses.......... 2,979 3,021
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)......... 2,979 3,021
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........... 2,867,365 2,709,131
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,867,365 2,709,131
30 Total liabilities and net assets/fund balances (see instructions). 2,870,344 2,712,152
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
2,867,365
2
Enter amount from Part I, line 27a .....................
2
-158,234
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
2,709,131
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,709,131
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 VANGUARD FIXED INCOME SEC FD P 2022-06-10 2023-03-23
b VANGUARD FIXED INCOME SEC FD P 2022-06-10 2023-07-21
c VANGUARD FIXED INCOME SEC FD P 2022-06-10 2023-12-14
d ALLSTATE CORP COM P 2022-01-01 2023-10-13
e AMERIPRISE FINANCIAL INC 4000 P 2018-07-05 2023-10-15
BANK OF AMERICA CORP COM P 2022-01-01 2023-07-21
DISNEY WALT CO COM P 2022-01-01 2023-11-14
HONEYWELL INTL INC COM P 2017-02-21 2023-12-14
JPMORGAN CHASE & CO 2700 051823 P 2018-05-31 2023-05-18
META PLATFORMS INC CL A COM P 2022-01-01 2023-01-04
METLIFE INC 4368 09152023 P 2019-05-22 2023-02-10
PEPSICO INC COM P 2022-01-01 2023-03-23
PFIZER INC COM P 2022-01-01 2023-10-13
RTX CORP COM P 2022-01-01 2023-10-13
SPDR S&P DIVIDEND ETF P 2022-05-12 2023-07-21
PFIZER INC COM P 2022-01-01 2023-10-13
(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 20,000   19,980 20
b 100,000   100,799 -799
c 15,000   14,838 162
d 29,275   16,709 12,566
e 50,000   50,000  
38,202   29,508 8,694
22,774   12,558 10,216
20,273   11,967 8,306
50,000   50,000  
19,144   23,061 -3,917
50,000   50,476 -476
8,819   5,586 3,233
11,303   5,103 6,200
20,244   18,788 1,456
12,650   12,292 358
4,844   3,118 1,726
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        
b        
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 47,745
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 20
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) 1 996
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........................... 3 996
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- ..... 5 996
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,654
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,654
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 658
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow658 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
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 arrowIL
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
 
No
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 arrowhttpsarascholarship.org
14
The books are in care ofright arrowConstance L Witkowski Telephone no.right arrow (708) 579-1308

Located atright arrow310 N Kensington AvenueLa Grange ParkIL ZIP+4right arrow60526
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
 
No
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Joseph S Witkowski President
3.00
200 0 0
310 N Kensington Avenue
La Grange Park,IL605261870
Linda Bykowski Director
1.00
200 0 0
816 Regner Road
McHenry,IL60051
Linda Burke Director
1.00
200 0 606
123 Acacia Circle Unit 413
La Grange,IL605259097
Catherine Dickson Secretary
1.00
200 0 0
6710 Virginia Parkway STE 215PMB119
McKinney,TX750714779
Constance L Witkowski Exec Director
7.00
72,000 0 0
310 N Kensington Avenue
La Grange Park,IL60526
Patti Hankins Treasurer
0.00
200 0 925
727 W Madison St Apt 2902
Chicago,IL606612574
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position
(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation
(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right 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 Administration of scholarship awards program 50,683
2 Recipient scholarship awards issued 142,500
3 Giving to Charitable Organizations 10,000
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)
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
3,799,486
b
Average of monthly cash balances.......................
1b
52,887
c
Fair market value of all other assets (see instructions)................
1c
4,276
d
Total (add lines 1a, b, and c).........................
1d
3,856,649
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
3,856,649
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
57,850
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
3,798,799
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
189,940
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
189,940
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
996
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
996
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
188,944
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
188,944
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
188,944
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
234,963
b
Program-related investments—total from Part VIII-B..................
1b
 
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
234,963
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 7 188,944
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 26,134
b Total for prior years:20 , 20, 20  
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 ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 234,963
a Applied to 2022, but not more than line 2a 26,134
b Applied to undistributed income of prior years
(Election required—see instructions).....
 
c Treated as distributions out of corpus (Election
required—see instructions)........
 
d Applied to 2023 distributable amount..... 188,944
e Remaining amount distributed out of corpus 19,885
5 Excess distributions carryover applied to 2023.    
(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 19,885
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
 
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......
 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 ..........
0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ...
 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ......
19,885
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.... 19,885
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).)
None
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.
None
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Constance L Witkowski Exec Dir
310 N Kensington Avenue
La Grange Park,IL60526
(708) 579-1308
clwitkowski@yahoo.com
bThe form in which applications should be submitted and information and materials they should include:
Completed Sara Scholarship Application formCopy of Official High School Transcript (including Fall semester grades from senior year)Applicants personal essay Copy of applicants Student Aid Report (SAR), including the Expected Family Contribution (EFC)Letter of RecommendationIn order to qualify for the Sara Scholarship, you must first file a Free Application For Student Aid (FAFSA)
cAny submission deadlines:
April 30 2024
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Recipient must be female, college bound high school senior, GPA of at least 3.3 on a 4.0 scale, financial need, involvement with golf
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
Kyla Guru


1354 Laurel Avenue
Deerfield,IL60015
None I Scholarship 2,500
Aster Disbrow


10455 LaSalle Blvd
Huntington Woods,MI48070
None I Scholarship 2,500
Taylor Garvin


109 West 6th Street PO Box 564
Wilton,IA52778
None I Scholarship 2,500
Iris Ung


3424 E Hunter Bend Ct
Mansfield,TX76063
None I Scholarship 2,500
Jane Nyman


980 NW Hillside Park Drive
Bend,OR97703
None I Scholarship 2,500
Tayler Talley


961 River Bend Drive
Bumpass,VA23024
None I Scholarship 2,500
Kenna DeRosa


452 Acorn Pass
Hartford,WI53027
None I Scholarship 2,500
Gianna Wessler


7982 King Arthurs Ct
Denver,NC28037
None I Scholarship 2,500
Kathryn Costello


602 E Oakton St
Arlington Heights,IL60004
None I Scholarship 2,500
Sharon Abdulsalam


2247 Southland Road
Gwynn Oak,MD21207
None I Scholarship 2,500
Riona Westphal


6211 E Waverly St
Inverness,FL34452
None I Scholarship 2,500
Megan Trinh


12030 Laguna Terrace Dr
Houston,TX77041
None I Scholarship 2,500
Aitana Allen-Perez


10230 Wateridge Circle Unit 186
San Diego,CA92121
None I Scholarship 2,500
Kaylee Campbell


715 W 23rd St Apt 1027
Austin,TX78705
None I Scholarship 2,500
Cheney Canada


577 South State Road 19
Akron,IN46910
None I Scholarship 2,500
Bella Duesing


105 Cheval Blvd
Brownsboro,AL35741
None I Scholarship 2,500
Nia Elkouby


PO Box 4839
Inglewood,CA90309
None I Scholarship 2,500
Isabel Gabel


316 N Richmond Ave
Westmont,IL60559
None I Scholarship 2,500
Alexa Garvin


109 West 6th Street PO Box 564
Wilton,IA52778
None I Scholarship 2,500
Katrina Machetta


PO Box 680486
Houston,TX77268
None I Scholarship 2,500
Lauren Pickel


912 South School Street
Cuba City,WI53807
None I Scholarship 2,500
Magdalyn Poole


2101 Oak Grove Road
Landrum,SC29356
None I Scholarship 2,500
Kelly Sanchez


9628 Sugar Pines Ct
Fort Lauderdale,FL33328
None I Scholarship 2,500
Rylie Spaulding


907 NE 4th Street
Wagoner,OK74467
None I Scholarship 2,500
Cybil Stillson


1301 McCormick Drive
Nappanee,IN46550
None I Scholarship 2,500
Kendell Young


2628 E Teakwood Pl
Chandler,AZ85249
None I Scholarship 2,500
Kierra Oyler


632 Spanish Fields Dr
Spanish Fork,UT84660
None I Scholarship 2,500
Tonya Berg


60 16th Avenue N
Fargo,ND58102
None I Scholarship 2,500
Tess Carichner


533 Old Creek Court
Saline,MI48176
None I Scholarship 2,500
Kiley Coy


1238 Huber Lane
Glenview,IL60025
None I Scholarship 2,500
Madden Delaney


2901 State Hwy 104
Franklin,IL62638
None I Scholarship 2,500
Grace Edwards


11906 Brosius Rd
Garrettsville,OH44231
None I Scholarship 2,500
Mariah Esquivel


1010 Bending Willow Way
Pittsburg,CA94565
None I Scholarship 2,500
Lia Grammer


1236 State Route 17K
Montgomery,NY12549
None I Scholarship 2,500
Manuela Herrerra


2208 Merriweather Way
Wellington,FL33414
None I Scholarship 2,500
Mary Keels


302 Trellis Street
Greenville,SC29615
None I Scholarship 2,500
Cynthia Lawrence


2111 S 10th Avenue
Maywood,IL60153
None I Scholarship 2,500
Adrianno Martinez-Lainez


8141 W Gibson Ln
Phoenix,AZ85043
None I Scholarship 2,500
Makenna Rodriguez


15782 Loch Maree Lane 3706
Delray Beach,FL33446
None I Scholarship 2,500
Laurel Wagner


420 Badger Road
Rice Lake,WI54868
None I Scholarship 2,500
Zhixin Wu


6432 SE 86th Ave
Portland,OR97266
None I Scholarship 2,500
Victoria Witowski


105 Golfview Drive
Gibsonia,PA15044
None I Scholarship 2,500
Cabrini Brandi


1817 Prescott Drive
Stevens Point,WI54482
None I Scholarship 2,500
Leanna Brewer


1845 Laverne Dr
Arnold,MO63010
None I Scholarship 2,500
Natalya Cobb


2417 Green Forrest Dr
Decatur,GA30032
None I Scholarship 2,500
Sophie Compston


11 Giacamo Way
Uxbridge,MA01569
None I Scholarship 2,500
Genevieve Gruba


13047 54th St SE
Enderlin,ND58027
None I Scholarship 2,500
Madaline Her


236 Graves Avenue
Sacramento,CA95838
None I Scholarship 2,500
Samantha Lawrence


10533 Hampton Place
Newburgh,IN47630
None I Scholarship 2,500
Malia Loo


100 Ashton Avenue
Millbrae,CA94030
None I Scholarship 2,500
Madylin McCommons


419 Wood Street
Ellwood City,PA16117
None I Scholarship 2,500
Violet Myers


5603 NE 23rd Avenue
Portland,OR97211
None I Scholarship 2,500
Lillian Smith


6852 Alnwick Ct
Indianapolis,IN46220
None I Scholarship 2,500
Grace Sun


13513 Silver Ivy Lane
San Diego,CA92129
None I Scholarship 2,500
Madison Wong


1847 Audubon Pond Way
Allen,TX75013
None I Scholarship 2,500
Hayden Trost


4351 Ridgewood LN S
Billings,MT59106
None I Scholarship 2,500
Annelise Yanez


38350 Via Luisa
Temecula,CA92592
None I Scholarship 2,500
Total .................................right arrow 3a 142,500
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 ...........
900001   14 4  
4 Dividends and interest from securities .... 900001   14 82,673  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............
900001   18 47,745  
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) ..   130,422  
13Total. Add line 12, columns (b), (d), and (e)..................
13
130,422
(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.)
03 Investment income
04 Investment income
08 Investment income
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Stein Certified Public Account 5,769 2,000 0 3,769

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

TY 2023 DepreciationSchedule
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
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
Computer 2014-01-27 1,073 1,072 SL 4 0 0 0  
Website developments 2013-01-01 7,094 7,094 SL 3 0 0 0  
Website Update 2016-10-25 5,166 5,166 SL 3 0 0 0  

TY 2023 InvestmentsCorpBondsSchedule
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
Name of Bond End of Year Book Value End of Year Fair Market Value
Bank of America 3.24% 10.21.27 48,684 47,573
Enterprise Prod 2.8% 1.31.2030 43,391 45,218
Ameriprise Finl 4.0% 10.15.23 0 0
Comcast Corp 3.375% 08.15.25 51,112 48,827
State Street 3.30% 12.16.24 49,825 49,191
Exxon Mobil Corp 3.29% 3.19.27 53,480 48,523
Apple Inc 1.65% 05.11.2030 47,479 42,759
Franklin Res 2.85% 03.30.25 50,699 48,699
Bank of NY Mellon 1.60% 04.24. 50,387 47,987
Merck 1.70% 06.10.27 49,713 45,831
Truist Fin 4.00% 05.01.25 51,189 49,131
Oracle Corp 2.65% 04.15.2026 48,754 47,409
Bank of Nova Scotia 2.70% 50,546 47,381
JPMorgan Chase 2.7% 05.18.23 0 0
Microsoft Corp 2.4% 08.08.26 48,300 47,645
Chas Schwab 4.00% 02/01/2029 56,915 48,502
Shell Intl 3.25% 05.11.25 50,820 49,016
Royal Bank 3.625% 05.04.27 49,456 48,321
Target Corp 3.50 07/01/2024 50,351 49,563
Vanguard ST Inv Grade 344,382 349,161
Novartis Cap 3.40% 05.06.24 50,347 49,670
Metlife 4.368% 09.15.23 0 0

TY 2023 InvestmentsCorpStockSchedule
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
Name of Stock End of Year Book Value End of Year Fair Market Value
Eaton Corp PLC 375 shares 24,914 90,308
Analog Devices 490 shares 79,560 97,294
AmazonCom 1000 shares 19,195 151,940
Apple Inc 600 shares 9,453 115,518
Chevron Corp 225 shares 16,966 33,561
Cigna Corp 115 shares 25,357 34,437
Comcast Corp New CL A 700 sha 9,129 30,695
Fiserv Inc 260 shares 29,110 34,538
Danaher Corp 275 shares 11,253 63,619
Disney Walt Co 250 shares 0 0
Alphabet Cl A 760 shares 17,708 106,164
Ameriprise Fin 275 shares 34,879 104,453
Nvidia Corp 130 shares 59,831 64,379
Veralto Corp 92 shares 1,515 7,568
Illinois Tool Works Inc 100 8,703 26,194
Iqvia Holdings 110 sh 25,542 25,452
Meta Platforms CLA 150 sh 0 0
JP Morgan Chase 400 sh 25,002 68,040
Lowes Cos Inc 200 sh 15,550 44,510
Pfizer Inc 500 shares 0 0
Phillip Morris Intl Inc 275 25,099 25,872
Proctor & Gamble 250 shares 19,786 36,635
MFS Mid Cap 3536475 shares 77,687 103,336
McDonalds 175 shares 21,894 51,889
Mondelez Intl 350 shares 15,879 25,351
Allstate Corp 245 shares 0 0
Pepsico 200 shares 20,163 33,968
Phillips 66 275 shares 21,962 36,614
Microsoft Corp 400 shares 16,151 150,416
Servicenow Inc 110 sh 16,113 77,714
United Healthcare 75 sh 13,276 39,485
Spdr S&P Dividend ETF 920 sh 87,700 114,972
Stryker Corp 125 shares 23,702 37,433
Thermo Fisher Scien 75 shares 21,897 39,809
Honeywell Intl Inc 100 sh 0 0
Lam Research Corp 175 sh 26,625 137,071
Mastercard Inc Cl A 200 sh 25,763 85,302
Nextera Energy 645 sh 49,853 39,177
T Rowe Price Blue Grow 105240 84,789 158,018
Raytheon Tech 275 shares 0 0
Union Pac Corp150 sh 19,099 36,843
Wasatch Core Gr 727188 shares 55,084 63,963
Bank of America Corp1200 sh 0 0

TY 2023 InvestmentsGovtObligationsSch
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
US Government Securities - End of Year Book Value:

135,249
US Government Securities - End of Year Fair Market Value:

132,115
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Accrued income- Equities Investment   1,450 1,450
Accrued income- Fixed Income   9,278 9,278
Accrued income-Cash   135 135

TY 2023 LandEtcSchedule2
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and equipment 1,073 1,073 0 0
Website development 7,094 7,094 0 0
Website Update 5,166 5,166 0 0


TY 2023 LegalFeesSchedule
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Hoogendoorn & Talbot LLP 134 0 0 134


TY 2023 OtherExpensesSchedule
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment management fees 37,913 36,000 1,913 0
Insurance-Liability 3,795 0 0 3,795
Board fees 1,000 0 0 1,000
Fees and licenses 0 0 0 0
Miscellaneous 0 0 0 0
Postage 0 0 0 0
Office supplies 596 0 0 596
Gifts 0 0 0 0
Meals 0 0 0 0
Printing 0 0 0 0
Conference 0 0 0 0
Bank fees 0 0 0 0
Promotion 1,483 0 0 1,483


TY 2023 OtherProfessionalFeesSchedule
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Contracted services 2,325 0 0 2,325
Web design services 2,402 0 0 2,402


TY 2023 TaxesSchedule
Name:
Henry and Sara Sheehan Foundation
EIN:
45-4126770
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Payroll taxes 5,550 770 0 4,780
Excise tax 1,010 1,010 0 0