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 08-01-2023 , and ending 07-31-2024
Name of foundation
Elsie & William Viles Foundation
c/o Mark L Johnston Treasurer
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 319
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Augusta, ME043320319
A Employer identification number

22-3089641
B Telephone number (see instructions)

(207) 622-1124
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$20,296,370J 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) 159,780
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 344,280 344,280  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 503,531
b Gross sales price for all assets on line 6a 5,344,928
7 Capital gain net income (from Part IV, line 2)... 503,531
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
783 0  
12 Total. Add lines 1 through 11........ 1,008,374 847,811  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,331 3,033   27,298
14 Other employee salaries and wages...... 17,051 0   17,051
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
360 0   360
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,600 1,380   3,220
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
84,170 84,170   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,665 695   3,263
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
54,621 0  
20 Occupancy.............. 103,215 0   103,215
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,881 219   7,662
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 317,894 89,497   162,069
25 Contributions, gifts, grants paid....... 813,274 813,274
26 Total expenses and disbursements. Add lines 24 and 25 1,131,168 89,497   975,343
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -122,794
b Net investment income (if negative, enter -0-) 758,314
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............. 45,418 4,777 4,777
2 Savings and temporary cash investments......... 599,489 647,583 647,583
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 4,428,095 0 0
b Investments—corporate stock (attach schedule)....... 7,739,986 Click to see attachment
List of Attached Documents:
// Content
8,931,448 		8,931,448
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
4,078,569 		4,078,569
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).......... 4,621,197 Click to see attachment
List of Attached Documents:
// Content
5,157,200 		5,157,200
14 Land, buildings, and equipment: basis right arrow1,974,372
Less: accumulated depreciation (attach schedule) right arrow497,579 1,497,641 Click to see attachment
List of Attached Documents:
// Content
1,476,793 		1,476,793
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,931,826 20,296,370 20,296,370
Liabilities 17 Accounts payable and accrued expenses..........    
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)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 669,802 669,802
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 18,262,024 19,626,568
29 Total net assets or fund balances (see instructions)..... 18,931,826 20,296,370
30 Total liabilities and net assets/fund balances (see instructions). 18,931,826 20,296,370
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
18,931,826
2
Enter amount from Part I, line 27a .....................
2
-122,794
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,487,338
4
Add lines 1, 2, and 3 ..........................
4
20,296,370
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
20,296,370
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 Various publicly traded securities      
b Capital Gains Dividends P    
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 5,296,288   4,841,397 454,891
b 48,640     48,640
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       454,891
b       48,640
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 2 503,531
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 10,541
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 10,541
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 10,541
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 11,400
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 11,400
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 859
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow859 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowME
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.elsieandwilliamvilesfoundation.org
14
The books are in care ofright arrowMark L Johnston Telephone no.right arrow (207) 622-1124

Located atright arrowPO Box 319AugustaME ZIP+4right arrow043320319
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
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
Paul R Abbey Director
0.25 		0 0 0
PO Box 319
Augusta,ME043320319
William N Lund Director
0.25 		0 0 0
PO Box 319
Augusta,ME043320319
Warren E Winslow Jr Director
0.25 		0 0 0
PO Box 319
Augusta,ME043320319
Charles W Hays Director
0.25 		0 0 0
PO Box 319
Augusta,ME043320319
Patricia A West Exec. Director/Sec'y/Director
30.00 		30,331 0 0
PO Box 319
Augusta,ME043320319
Daniel E Wathen President/Director
1.00 		0 0 0
PO Box 319
Augusta,ME043320319
Marianna P Liddell Secretary/Legal Counsel
1.00 		0 0 0
PO Box 319
Augusta,ME043320319
Mark L Johnston Treasurer/Director
1.00 		0 0 0
PO Box 319
Augusta,ME043320319
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 arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 The Elsie & William Viles Foundation owns and maintains property located on Stone Street in Augusta, Maine that is available for use by not for profit organizations at no 162,068
2 charge. Organizations whose mission includes conservation, education, animal protection/welfare, and/or promote and preserve Maine history and culture are given priority in 0
3 scheduling the space. Activities and programs include seminars, meetings, retreats, workshops, symposia, and fundraising events. 0
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
17,440,270
b
Average of monthly cash balances.......................
1b
420,904
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
17,861,174
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
17,861,174
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) Click to see attachment
List of Attached Documents:
// Content
.............................
4
644,058
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
17,217,116
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
860,856
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
860,856
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
10,541
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,541
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
850,315
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
850,315
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
850,315
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
975,343
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
975,343
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 7 850,315
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 218,485
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 975,343
a Applied to 2022, but not more than line 2a 218,485
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		Click to see attachment
List of Attached Documents:
// Content
159,394
d Applied to 2023 distributable amount..... 597,464
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 159,394
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 .......... 		252,851
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) ....... 		159,394
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Patricia A West
Elsie and William Viles Foundation
PO Box 319
Augusta,ME043320319
(207) 622-1124
info@elsieandwilliamvilesfoundation.org
bThe form in which applications should be submitted and information and materials they should include:
The application form, submission materials, and other application information can be found at www.elsieandwilliamvilesfoundation.org.
cAny submission deadlines:
See 2(b) above.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
See 2(b) above3.
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

Allagash Wilderness Waterway Foundation

286 West Maine Street Suite 102
Fort Kent,ME04743 		N/A PC Youth on the Allagash program 5,000

Arnold Expedition Historical Society

386 Murphys Corner Road
Woolwich,ME04579 		N/A PC Building permanent historical displays 12,000

Augusta Food Bank

161 Mt Vernon Avenue
Augusta,ME04330 		N/A PC Weekend KidsPack Program 22,000

Children's Center Early Intervention and Family Support

1 Alden Avenue
Augusta,ME04330 		N/A PC Videoconferencing equipment 10,000

City of Augusta

16 Cony Street
Augusta,ME04330 		N/A GOV Payment in lieu of taxes 19,100

CODA Chorus

PO Box 146
Winthrop,ME04364 		N/A PC Skill workshops to improve vocals 3,000

Cony High School

60 Pierce Drive
Augusta,ME04330 		N/A GOV Scholarship support 52,750

Foundation for Maine's Community Colleges

54 Lighthouse Circle
South Portland,ME04106 		N/A PC Scholarship at Kennebec Valley CC 24,000

Friends of Baxter State Park

PO Box 322
Belfast,ME04915 		N/A PC Deliver & improve youth programming 7,500

Hallowell Food Bank

PO Box 214
Hallowell,ME04347 		N/A PC Thanksgiving baskets to 65 individuals 3,000

Humane Society of Waterville

100 Webb Road
Waterville,ME04901 		N/A PC Trap, neuter, release feral cats 10,000

Johnson Hall Inc

PO Box 777
Gardiner,ME04345 		N/A PC Marquee 5,000

Kennebec Historical Society

PO Box 5582
Augusta,ME04330 		N/A PC General operating support 11,325

Kennebec Valley Humane Society

10 Pet Haven Lane
Augusta,ME04330 		N/A PC General operating support 150,600

Kennebec Youth Symphony

PO Box 604
Augusta,ME04330 		N/A PC General operating support 2,500

Literacy Volunteers of Greater Augusta Inc

12 Spruce Street
Augusta,ME043305204 		N/A PC General operating support 4,800

Maine State Museum

State House Station 83
Augusta,ME043330083 		N/A GOV General operating support 75,300

MaineGeneral Health - Cancer Care

35 Medical Center Parkway
Augusta,ME04330 		N/A PC Cancer Care addition 25,000

MaineGeneral Health

35 Medical Center Parkway
Augusta,ME04330 		N/A PC General operating support 150,600

Neighbors Driving Neighbors

PO Box 142
Mount Vernon,ME043520142 		N/A PC General operating support 4,999

North Manchester Meeting House

57 Cottle Road
Manchester,ME04351 		N/A PC General operating support 2,350

Penquis CAP Inc

262 Harlow Street
Bangor,ME04402 		N/A PC General operating support 3,000

South Parish Congregational Church

9 Church Street
Augusta,ME04330 		N/A PC General operating support 75,300

Spectrum Generations

One Weston Court Suite 109
Augusta,ME04330 		N/A PC Repurpose room for packing Meals on Wheels 10,000

Sportsman's Alliance of Maine

205 Church Hill Road
Augusta,ME04330 		N/A PC Archery Equipment 3,500

The Susan L Curtis Foundation

1321 Washington Avenue
Portland,ME041033636 		N/A PC Scholarships 7,500

Theatre at Monmouth

PO Box 385
Monmouth,ME042590385 		N/A PC Building upgrades 14,000

Turner Public Library

98 Matthews Way
Turner,ME04284 		N/A PC Supplies and equipment 1,350

Vaughan Woods and Historic Homestead

2 Litchfield Road
Hallowell,ME04347 		N/A PC Trailhead parking improvements 20,000

Viles Arboretum

PO Box 344 153 Hospital Street
Augusta,ME04332 		N/A PC General operating support 77,800
Total .................................right arrow 3a 813,274
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 344,280  
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 ............ 		    14 503,531  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMiscellaneous 		    01 783  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 848,594 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
848,594
(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
Elsie & William Viles Foundation
c/o Mark L Johnston Treasurer
Employer identification number

22-3089641
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
Elsie & William Viles Foundation
c/o Mark L Johnston Treasurer 		Employer identification number
22-3089641
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
Elsie P Viles Irrevocable Trust
 
c/o Spinnaker Trust 123 Free Street
 
Portland, ME041127160

$ 159,394


(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
Elsie & William Viles Foundation
c/o Mark L Johnston Treasurer 		Employer identification number

22-3089641
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
Elsie & William Viles Foundation
c/o Mark L Johnston Treasurer 		Employer identification number

22-3089641
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:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 4,600 1,380   3,220

TY 2023 CashDeemedCharitableExplnStmt
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Explanation:
Total cash deemed held for charitable activities is determined by adding (a) 1.5% of checking, savings, and investments accounts other than the Foundation's Capital Improvement Account ($262,190) and (b) the entire balance of the Capital Improvement Account ($381,869). The Capital Improvement account is used by the Foundation solely to make repairs and required improvements to the Foundation's property, which is designated for charitable activities and use.

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

TY 2023 DepreciationSchedule
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Building Improvements FY14 2014-01-02 124,751 30,657 SL 39.000000000000 3,199 0    
Building 2014-01-02 750,000 184,297 SL 39.000000000000 19,231 0    
Building Improvements FY15 2015-01-02 119,623 26,325 SL 39.000000000000 3,067 0    
Land Improvements 2015-07-24 124,437 66,368 SL 15.000000000000 8,296 0    
Building-65 Stone Stret 2016-05-16 360,400 66,227 SL 39.000000000000 9,241 0    
Building Improvements FY16 2016-01-02 53,710 10,442 SL 39.000000000000 1,377 0    
Land 65 Stone Street 2016-05-16 229,400   L   0 0    
Shutters 2016-11-10 14,527 14,006 SL 7.000000000000 521 0    
Drapes 2016-08-25 3,255 3,216 SL 7.000000000000 39 0    
Rug 2017-02-23 4,589 4,209 SL 7.000000000000 380 0    
Portraits 2017-02-23 8,636 7,918 SL 7.000000000000 718 0    
New boilers and electrical improvements 2016-10-06 39,709 6,956 SL 39.000000000000 1,018 0    
Insulation 2017-07-10 9,665 1,509 SL 39.000000000000 248 0    
Land improvements 2018-01-31 11,544 4,235 SL 15.000000000000 770 0    
Building Improvements FY17 2018-01-31 33,200 4,681 SL 39.000000000000 851 0    
Window inserts 2019-01-31 3,050 1,962 SL 7.000000000000 436 0    
Utility vehicle 2020-09-14 11,800 6,883 SL 5.000000000000 2,360 0    
Buried utility 2021-03-18 12,062 1,876 SL 15.000000000000 804 0    
Resurface driveway 2021-06-04 6,500 938 SL 15.000000000000 433 0    
Building Improvements FY23 2023-01-31 19,741 253 SL 39.000000000000 506 0    
Land Improvements (Fencing) 2024-01-31 33,773   SL 15.000000000000 1,126 0    

TY 2023 DistributionFromCorpusElection
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Election:
Form 990-PFElection Under Regulations Section53.4942(a) - 3(d)(2) to treat excess qualifyingdistributions as distributed out of Corpus. I, Patricia A. West, Executive Director/Director of the Elsie & William Viles Foundation, in my capacity as such, do hereby elect to treat $159,394 of qualifying distributions made during the fiscal year ended July 31, 2024 as distributed out of corpus.Patricia A. West, Executive Director/DirectorEsie & William Viles Foundation

TY 2023 InvestmentsCorpBondsSchedule
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Name of Bond End of Year Book Value End of Year Fair Market Value
75000 units Paypal Holdings 2.4% 74,599 74,599
100000 units Celanese US Hold 6.05% 100,256 100,256
50000 units Capital One Finl 4.25% 49,602 49,602
100000 units Regions Finl Cor 2.25% 97,424 97,424
40000 units Wells Fargo & Co Step 25 39,716 39,716
100000 units Juniper Networks 1.2% 94,671 94,671
75000 units Air Lease Corp 2.87% 72,537 72,537
100000 units Apple Inc 0.7% 94,369 94,369
50000 units Citigroup Inc 3.2% 48,134 48,134
55000 units Marathon Petrol 5.125% 55,464 55,464
70000 units Charles Schwab VAR 27 70,446 70,446
70000 units Qual Comm Inc 3.25% 67,782 67,782
75000 units Bank of America Corp 3.248% 71,939 71,939
125000 units Mosaic Co 5.375% 127,161 127,161
75000 units Midamerican Fun 6.927% 80,903 80,903
100000 units Royal Bank of CA 6.4% 102,768 102,768
100000 units RTX Corp 6% 106,440 106,440
100000 units AEP Texas 4.7% 97,092 97,092
100000 units Waste Connections 5% 100,528 100,528
50000 units Deltona FL Util 0.438% 49,625 49,625
55000 units Amazon.com 3.3% 53,441 53,441
50000 units Amazon.com Inc 2.8% 49,918 49,918
65000 units Aon Plc 3.875% 64,120 64,120
25000 units Apple Inc 3.25% 24,505 24,505
75000 units Bank of America Corp 3.248% 71,998 71,998
55000 units Berkshire Hathaway 3.125% 53,882 53,882
65000 units Broadcom Inc 4.75% 65,224 65,224
45000 units Charles Schwab 6.196% 47,188 47,188
75000 units Coca-Cola 2.125% 67,435 67,435
35000 units John Deere Cap Corp Med. Term Nts-Book 5.15% 35,006 35,006
50000 units John Deere Capital Corp 46,613 46,613
40000 units Fifth Third Bancorp 6.361% 41,403 41,403
35000 units Golddman Sachs Group 3.8% 33,356 33,356
50000 units Intel Corp 5.125% 51,194 51,194
30000 units Intercontinental Exhange 2.1% 26,058 26,058
25000 units JP Morgan Chase 3.3% 24,426 24,426
65000 units Meta Platforms Inc 3.5% 63,325 63,325
25000 units Microsoft Corp 3.3% 24,413 24,413
65000 units Morgan Stanley 3.875 63,989 63,989
40000 units PEP 2.75% 39,321 39,321
45000 units PNC Financial Services 6.03% 47,395 47,395
50000 units Paypal Holdings Inc 2.85% 45,916 45,916
75000 units Salesforce.com Inc 3.7% 73,259 73,259
75000 units Target Corp 2.5% 72,558 72,558
40000 units UnitedHealth 5.25% 41,041 41,041
45000 units Visa Inc 1.9% 42,122 42,122
45000 units Wells Fargo Co 3.55% 44,275 44,275
20000 units Williams Companies 5.3% 20,381 20,381
125000 units FHLB .7% 115,578 115,578
60000 units FHLB 1.6% 54,694 54,694
40000 units FHLB 2.05% 37,770 37,770
100000 units FHLB 2.15% 86,821 86,821
30000 units FHLB 5.5% 30,015 30,015
75000 units FHLB 6.0% 75,149 75,149
95000 units FHLB 1.57% 81,298 81,298
120000 units FNMA .87% 108,405 108,405
110000 units FNMA 1.25% 94,126 94,126
100000 units Freddie Mac .5% 94,917 94,917
50000 units US Treasury 4..625% 50,151 50,151
75000 units US Treasury 2.25% 74,354 74,354
4698.537 units FUAMX 45,905 45,905
15300.885 units Dodge & Cox Income Fund 194,168 194,168

TY 2023 InvestmentsCorpStockSchedule
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Name of Stock End of Year Book Value End of Year Fair Market Value
150 units Accenture PLC F 49,593 49,593
1050 units Alphabet Inc 180,117 180,117
1075 units Amazon.com Inc 201,003 201,003
300 units American Water Works 42,708 42,708
225 units Ametek Inc 39,033 39,033
1360 units Amphenol Corp 87,394 87,394
175 units Ansys Inc 54,885 54,885
70 units AON PLC 22,996 22,996
1200 units Apple Inc 266,496 266,496
80 units ASML Holding N V F 74,936 74,936
2000 units Bank of America Corp 80,620 80,620
300 units Berkshire Hathaway Class B 131,550 131,550
215 units Chubb Ltd 59,267 59,267
600 units Colgate-Palmolive 59,514 59,514
550 units ConocoPhillips 61,160 61,160
120 units Costco Wholesale CO 98,640 98,640
220 units Danaher Corp 60,958 60,958
100 units Deere & Co 37,198 37,198
350 units Eaton Corp PLC 106,676 106,676
75 units Eli Lilly 60,320 60,320
575 units Exxon Mobil 68,189 68,189
150 units Henry Jack & Assoc 25,722 25,722
188 units Hershey Co 37,126 37,126
200 units Meta Platforms 94,966 94,966
175 units Home Depot Inc 64,428 64,428
100 units Idexx Labs 47,612 47,612
125 units Intuit Inc 80,919 80,919
350 units JP Morgan Chase & Co 74,480 74,480
250 units Linde PLC 113,375 113,375
900 units Marvell Technology Inc 60,282 60,282
485 units Medtronic PLC 38,955 38,955
420 units Merck & Co Inc 47,515 47,515
35 units Mettler Toledo 53,236 53,236
650 units Microchip Technology 57,707 57,707
600 units Microsoft Corp 251,010 251,010
810 units Nextera Energy Inc 61,876 61,876
100 units Northrop Grumman Co 48,432 48,432
2250 units Nvidia Corp 263,295 263,295
300 units Palo Alto Networks 97,419 97,419
300 units Phillips 66 43,644 43,644
500 units Procter & Gamble 65,108 65,108
300 units Qualcomm Inc 54,285 54,285
100 units Rockwell Automation 34,831 34,831
475 units RTX Corp 55,808 55,808
200 units Stryker Corp 65,490 65,490
250 units T Rowe Price Group 28,553 28,553
450 units Take Two Interactive 67,739 67,739
50 units Thermo Fisher Scientific 30,667 30,667
600 units TJX Companies Inc 67,812 67,812
125 units Tractor Supply Comp 32,915 32,915
225 units Union Pacific Corp 67,851 67,851
150 units United Health GRP Inc 86,424 86,424
375 units Visa Inc 99,626 99,626
500 units Walt Disney Co 46,845 46,845
350 units Waste Connections Inc F 62,220 62,220
300 units Zoetis Inc 54,012 54,012
327 units Abbvie Inc 60,600 60,600
115 units Adobe Sys Inc 63,440 63,440
900 units Alphabet Inc - Class A 154,386 154,386
280 units Alphabet Inc - Class C 48,482 48,482
1210 units Amazon.com Inc 226,246 226,246
185 units American Tower Corporation 40,774 40,774
92 units Ameriprise Financial Inc 39,566 39,566
1514 units Apple Inc 336,229 336,229
190 units Berkshire Hathaway - Class B 83,315 83,315
30 units Booking Holdings Inc 111,450 111,450
990 units Broadcom Inc 159,073 159,073
259 units Caterpillar Inc 89,666 89,666
224 units Chubb Ltd 61,748 61,748
970 units Cisco Systems Inc. 46,996 46,996
349 units Conoco Phillips 38,809 38,809
112 units Costco Wholesale Corp 92,064 92,064
189 units Danaher Corp 52,368 52,368
998 units Dow Inc 54,361 54,361
229 units Ecolab Inc 52,828 52,828
879 units Exxon Mobil Corp 104,241 104,241
175 units Meta Platforms 83,095 83,095
2523 units Ford Motor Co 27,299 27,299
415 units Fortive Corp 29,818 29,818
203 units Home Depot Inc 74,736 74,736
229 units Honeywell Intl Inc 52,416 52,416
519 units JP Morgan Chase & Co 110,443 110,443
195 units McDonald's Corp 51,753 51,753
518 units Merck & Co Inc 58,601 58,601
937 units Microsoft Corp 391,994 391,994
110 units Northrop Grumman Corp 53,275 53,275
238 units Nvidia Corp 203,615 203,615
251 units PNC Financial Services Group 45,456 45,456
738 units Paypal Holdings Inc 48,546 48,546
319 units PepsiCo Inc 55,082 55,082
230 units Procter & Gamble Co 36,975 36,975
712 units RTX Corporation 83,653 83,653
297 units Salesforce.com Inc 68,064 68,064
408 units TE Connectivity LTD 62,967 62,967
249 units Tesla Motors Inc 57,785 57,785
131 units Thermo Fisher Scientific Inc 80,348 80,348
325 units Union Pacific Corp 80,187 80,187
145 units UnitedHealth Group Inc. 83,543 83,543
345 units Visa Inc 91,656 91,656
1005 units Walmart Inc 68,983 68,983
418 units Walt Disney Co 39,162 39,162
219 units Zoetls Inc 39,429 39,429
235 units Eaton Corp PLC 71,626 71,626
48 units Abbvie Inc 8,895 8,895
17 units Adobe Sys Inc 9,378 9,378
180 units Alphabet Inc - Class C 31,167 31,167
165 units Amazon.com Inc 30,852 30,852
20 units American Tower Corporation 4,408 4,408
13 units Ameriprise Financial Inc 5,591 5,591
220 units Apple Inc 48,858 48,858
27 units Berkshire Hathaway - Class B 11,840 11,840
3 units Booking Holdings Inc 11,145 11,145
140 units Broadcom Inc 22,495 22,495
31 units Caterpillar Inc 10,732 10,732
32 units Chubb LTD 8,821 8,821
155 units Cisco Systems Inc 7,510 7,510
50 units Conoco Phillips 5,560 5,560
13 units Costco Wholesale Corp 10,686 10,686
20 units Danaher Corp 5,542 5,542
143 units Dow Inc 7,789 7,789
41 units Ecolab Inc 9,458 9,458
112 units Exxon Mobil Corp 13,282 13,282
315 units Ford Motor Co 3,408 3,408
60 units Fortive Corp 4,311 4,311
29 units Home Depot Inc 10,677 10,677
37 units Honeywell Intl Inc 7,576 7,576
57 units JP Morgan Chase & Co 12,130 12,130
30 units McDonald's Corp 7,962 7,962
75 units Merck & Co 8,485 8,485
16 units Meta Platforms Cl A 7,597 7,597
107 units Microsoft Corp 44,763 44,763
16 units Northrop Grumman Corp 7,749 7,749
240 units Nvidia Corp 28,085 28,085
36 units PNC Financial Services Group 6,520 6,520
102 units Paypal Holdings Inc 6,710 6,710
46 units PepsiCo Inc 7,943 7,943
35 units Procter & Gamble Co 5,627 5,627
83 units RTX Corporation 9,752 9,752
38 units Salesforce.com Inc 9,834 9,834
59 units TE Connectivity LTD 9,105 9,105
29 units Tesla Motors 6,730 6,730
13 units Thermo Fisher Scientific Inc 7,973 7,973
34 units Union Pacific Corp 8,389 8,389
25 units United Health Group Inc 14,404 14,404
38 units Visa Inc 10,095 10,095
117 units Walmart Inc 8,031 8,031
52 units Walt Disney Co 4,872 4,872
32 units Zoetls Inc 5,761 5,761
34 units Eaton Corp PLC 10,363 10,363

TY 2023 InvestmentsOtherSchedule2
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
32421.108 units FUAMX FMV 316,754 316,754
9348.397 units FUMBX FMV 95,634 95,634
6545 units IQ Hedge Multi-Strategy FMV 205,382 205,382
9150 units iShares S&P GSCI FMV 196,817 196,817
9871.22 units BIMIX FMV 102,463 102,463
1339.588 units FUMBX FMV 13,704 13,704
14600 units LLDYX FMV 56,502 56,502
2223.541 units PSYPX FMV 22,413 22,413
5750 units Vanguard FTSE Developed FMV 292,732 292,732
2355 units Vanguard Real Estate FMV 212,916 212,916
5999.812 units Goldman Sachs Emerging FMV 140,456 140,456
6764.374 units Goldman Sachs GQG Partners FMV 157,136 157,136
3301.238 units Invesco Developing Mkts FMV 133,964 133,964
10823.649 units T. Rowe Price Overseas S FMV 145,145 145,145
6506.948 units American Europacific Growth FMV 377,403 377,403
4703.483 units Invesco Oppenheimer Developing Markets FMV 187,528 187,528
5907.894 units Clearbridge Intl Growth Fund FMV 393,879 393,879
16145.241 units Touchstone Sands Cap Emg Mrkts Growth Fd FMV 190,084 190,084
3672.813 units T Rowe Price Mid-Cap Growth FMV 392,550 392,550
11779.696 units MFS Mid Cap Value Fund FMV 409,698 409,698
3637.943 units Cohen & Steers Instl Realty FMV 177,895 177,895
4890.321units Vanguard Small Cao Index FMV 546,200 546,200
959.895 units American Europacific Growth FMV 55,674 55,674
684.348 units Invesco Oppenheimer Developing Markets FMV 27,285 27,285
882.153 units Clearbridge Intl Growth Fund FMV 58,813 58,813
1899.703 units Touchstone Sands Cap Emg Mrkts Growth Fd FMV 27,660 27,660
528.696 units T Rowe Price Mid-Cap Growth FMV 56,507 56,507
1695.808 units MFS Mid Cap Value Fund FMV 58,980 58,980
523.646 units Cohen & Steers Instl Realty FMV 25,606 25,606
711.075 units Vanguard Small Cap Index FMV 79,420 79,420

TY 2023 LandEtcSchedule2
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Building Improvements FY14 124,751 33,856 90,895  
Building 750,000 203,528 546,472  
Building Improvements FY15 119,623 29,392 90,231  
Land Improvements 124,437 74,664 49,773  
Building-65 Stone Stret 360,400 75,468 284,932  
Building Improvements FY16 53,710 11,819 41,891  
Land 65 Stone Street 229,400 0 229,400  
Shutters 14,527 14,527 0  
Drapes 3,255 3,255 0  
Rug 4,589 4,589 0  
Portraits 8,636 8,636 0  
New boilers and electrical improvements 39,709 7,974 31,735  
Insulation 9,665 1,757 7,908  
Land improvements 11,544 5,005 6,539  
Building Improvements FY17 33,200 5,532 27,668  
Window inserts 3,050 2,398 652  
Utility vehicle 11,800 9,243 2,557  
Buried utility 12,062 2,680 9,382  
Resurface driveway 6,500 1,371 5,129  
Building Improvements FY23 19,741 759 18,982  
Land Improvements (Fencing) 33,773 1,126 32,647  


TY 2023 LegalFeesSchedule
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 360 0   360


TY 2023 OtherExpensesSchedule
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office Expenses 1,661 0   1,661
Insurance 3,270 0   3,270
Miscellaneous 763 0   763
Payroll Service 2,187 219   1,968


TY 2023 OtherIncomeSchedule2
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Miscellaneous 783   783


TY 2023 OtherIncreasesSchedule
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Description Amount
Net Unrealized Gains/(Losses) on Investments 1,487,338


TY 2023 OtherProfessionalFeesSchedule
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 84,170 84,170   0


TY 2023 TaxesSchedule
Name:
Elsie & William Viles Foundation
 
c/o Mark L Johnston Treasurer
EIN:
22-3089641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise Tax 11,707 0   0
Foreign Taxes 333 333   0
Payroll Tax 3,625 362   3,263