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
Broadhurst Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1630 S Boston Ave
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Tulsa, OK74119
A Employer identification number

73-6061115
B Telephone number (see instructions)

(918) 294-9789
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$9,273,403J 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 203 203  
4 Dividends and interest from securities... 64,578 64,578  
5a Gross rents............ 373,352 373,352  
b Net rental income or (loss) 219,691
6a Net gain or (loss) from sale of assets not on line 10 485,038
b Gross sales price for all assets on line 6a 1,176,543
7 Capital gain net income (from Part IV, line 2)... 485,038
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
106,456 96,883  
12 Total. Add lines 1 through 11........ 1,029,627 1,020,054  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 55,000 27,500   27,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,400 10,200   10,200
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
13,902 13,902    
17 Interest............... 811 406   405
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
27,460 14,005   2,133
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
13,566 13,566  
20 Occupancy.............. 8,700 4,350   4,350
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
261,941 243,682   15,976
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 401,780 327,611   60,564
25 Contributions, gifts, grants paid....... 366,900 366,900
26 Total expenses and disbursements. Add lines 24 and 25 768,680 327,611   427,464
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 260,947
b Net investment income (if negative, enter -0-) 692,443
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............. 54,909 19,157 19,157
2 Savings and temporary cash investments......... 15,547 7,728 7,728
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.......... 9,064    
10a Investments—U.S. and state government obligations (attach schedule) 194,489 Click to see attachment
List of Attached Documents:
// Content
546,625 		548,559
b Investments—corporate stock (attach schedule)....... 1,253,770 Click to see attachment
List of Attached Documents:
// Content
1,107,550 		1,819,219
c Investments—corporate bonds (attach schedule)....... 930,540 Click to see attachment
List of Attached Documents:
// Content
1,041,620 		984,604
11 Investments—land, buildings, and equipment: basis right arrow1,208,339
Less: accumulated depreciation (attach schedule) right arrow487,417 736,300 Click to see attachment
List of Attached Documents:
// Content
720,922 		5,277,507
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,707 Click to see attachment
List of Attached Documents:
// Content
8,707 		594,645
14 Land, buildings, and equipment: basis right arrow11,598
Less: accumulated depreciation (attach schedule) right arrow9,664   Click to see attachment
List of Attached Documents:
// Content
1,934 		4,583
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
17,782 		Click to see attachment
List of Attached Documents:
// Content
17,401 		Click to see attachment
List of Attached Documents:
// Content
17,401
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,221,108 3,471,644 9,273,403
Liabilities 17 Accounts payable and accrued expenses.......... 354 1,131
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) Click to see attachment
List of Attached Documents:
// Content
26,165 		Click to see attachment
List of Attached Documents:
// Content
14,977
23 Total liabilities (add lines 17 through 22)......... 26,519 16,108
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........ 1,942,307 1,942,307
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,252,282 1,513,229
29 Total net assets or fund balances (see instructions)..... 3,194,589 3,455,536
30 Total liabilities and net assets/fund balances (see instructions). 3,221,108 3,471,644
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
3,194,589
2
Enter amount from Part I, line 27a .....................
2
260,947
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,455,536
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
3,455,536
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 20000 Ally Finl Inc P 2023-06-01 2023-10-02
b 10000 Capital One Finl 3.9%24 P 2022-01-01 2023-06-01
c 50000 FFCB 5.83% 27 P 2023-02-21 2023-05-30
d 50000 Boeing Co 4.508 P 2023-02-02 2023-05-01
e 10000 Truist Finl Cor 1.125% 27 P 2023-02-03 2023-08-15
45000 US Treasury Note .125% 08 P 2023-01-01 2023-02-21
30000 US Treasury Note .625% 08/30 P 2022-12-23 2023-01-18
30000 US Treasury Note 1.375% 12/28 P 2023-01-18 2023-02-03
30000 US Treasury Note 2.875% 11/25 P 2022-12-01 2023-01-11
35000 US Treasury Note 3.125% 08/29 P 2023-01-01 2023-02-10
50000 US Treasury Note 2.75% 8/32 P 2023-01-01 2023-03-15
40000 Ally Finl Inc P 2022-01-03 2023-10-02
50000 Capital One Finl 3.9% 24 P 2020-12-23 2023-12-29
200 Dollar Gen'l Corp P 2021-01-28 2023-09-05
2500 Principal Spectrum Pref SC AC P 2022-01-21 2023-03-20
3415 Tesla Inc P 2017-11-27 2023-08-31
40000 Truist Finl Cor 1.125% 27 P 2021-09-28 2023-08-15
200 3M Company P 2019-09-18 2023-08-29
25000 US Treasury Bill P 2023-03-30 2023-04-18
(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   20,000  
b 10,000   9,983 17
c 50,000   50,000  
d 50,000   50,000  
e 8,381   8,743 -362
43,875   43,875  
24,663   23,888 775
26,442   26,736 -294
29,113   29,111 2
33,480   34,192 -712
47,176   45,901 1,275
40,000   40,000  
50,000   50,131 -131
25,719   40,039 -14,320
40,474   49,986 -9,512
598,053   71,957 526,096
33,525   39,125 -5,600
21,194   33,425 -12,231
24,448   24,413 35
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       17
c        
d        
e       -362
       
      775
      -294
      2
      -712
      1,275
       
      -131
      -14,320
      -9,512
      526,096
      -5,600
      -12,231
      35
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 2 485,038
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 3 719
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 9,625
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  
3 Add lines 1 and 2........................... 3 9,625
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,625
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 5,200
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 5,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 55
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 4,480
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowOK
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowLinda C Williams CPA Telephone no.right arrow (918) 625-7333

Located atright arrow9330 S Lakewood AveTulsaOK ZIP+4right arrow741374119
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
 
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
Ann S Cassidy Chairman
40.00 		55,000    
1630 S Boston Ave
Tulsa,OK741194416
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  
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 The Broadhurst Foundation in a private, non-operating foundation. It accomplishes its charitable purpose solely through a program of making charitable gifts and grants and does not conduct any direct charitable activities or make program-related investments. The foundation manager spends an average of 50% of her time administering investments, and 50% answering correspondence, and investigating institutions that request funding. Therefore, 50% of related expenses have been allocated to grant-making activities. 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
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
3,218,521
b
Average of monthly cash balances.......................
1b
101,767
c
Fair market value of all other assets (see instructions)................
1c
5,894,136
d
Total (add lines 1a, b, and c).........................
1d
9,214,424
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
 
3
Subtract line 2 from line 1d.........................
3
9,214,424
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
138,216
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,076,208
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
453,810
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
453,810
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,625
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,625
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
444,185
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
444,185
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
444,185
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
427,464
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
427,464
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 7 444,185
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 117,481
b From 2019...... 97,987
c From 2020...... 96,999
d From 2021......  
e From 2022...... 153,584
f Total of lines 3a through e ........ 466,051
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 427,464
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 427,464
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023. 16,721 16,721
(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 5 449,330
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) ... 		100,760
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		348,570
10 Analysis of line 9:
a Excess from 2019.... 97,987
b Excess from 2020.... 96,999
c Excess from 2021....  
d Excess from 2022.... 153,584
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:
Ann S Cassidy
1630 S Boston Ave
Tulsa,OK741194416
(918) 294-9789
bThe form in which applications should be submitted and information and materials they should include:
Description of program and outline of needs
cAny submission deadlines:
none
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
none
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
Meals on Wheels


5151 E 51st St
Tulsa,OK74135 		none PC provide meals to home-bound elderly 1,200
Young Life Tulsa


PO Box 33176
Tulsa,OK74153 		none PC youth christian ministry 2,400
Tulsa Cares


3712 E 11th St
Tulsa,OK74112 		none PC programs and services for people affected by HIV & HCV 10,000
Tulsa Botanic Garden


3900 Tulsa Botanic Drive
Tulsa,OK74127 		none PC Promote the beauty and importance of plants and nature to create a more sustainable and harmonious world, 2023 Conservation 75,800
Modus Tulsa


1519 S Harvard Ave
Tulsa,OK74112 		none PC Provides transportation service for young people to reach medical care 60,000
Tulsa Ballet


1212 E 45th Pl S
Tulsa,OK74105 		none PC Promote appreciation of contemporary dance, and educate through training and outreach programs 10,000
Boston Avenue United Methodist Chur


1301 S Boston Ave
Tulsa,OK74119 		none PC Smiles of Faith Pledge 30,000
Revitalize T-Town


14 E 7th St
Tulsa,OK74119 		none PC Making homes safe and secure for low-income homeowners 10,000
University of Oklahoma Foundation


4502 E 41st St
Tulsa,OK74135 		none PC Bedlam Community Health Clinic, provides free health care to individuals who do not have insurance coverage 25,000
Philbrook Museum of Art


2727 S Rockford Rd
Tulsa,OK74114 		none PC Exhibition support and Creative Opportunity Fund 25,000
Mayo Clinic School of Medicine


200 First Street SW
Rochester,MN55905 		none PC scholarships 100,000
Neighbor for Neighbor


505 E 36th St N
Tulsa,OK74106 		none PC provides services for the indigent, low income, and uninsured population 10,000
Tulsa Community Foundation


7030 S Yale Ave 600
Tulsa,OK74136 		none PC Supplied for Success, school supplies for students in need 2,500
Tulsa Symphony


117 N Boston Ave Suite 201
Tulsa,OK74103 		  PC Education and community enrichment initiatives 5,000
Total .................................right arrow 3a 366,900
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 203  
4 Dividends and interest from securities ....     14 64,578  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 219,691  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		        485,038
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aCattle Sales 		110000 9,573      
bOil and Gas Royalties     15 96,883  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 9,573 381,355 485,038
13Total. Add line 12, columns (b), (d), and (e)..................
13
875,966
(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: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 20,400 10,200 0 10,200

TY 2023 InvestmentsCorpBondsSchedule
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
Verizon Communi 4.125% 3/16/27 52,090 49,212
Capital One Fin'l 3.9% 1/29/24    
Royal Bank of Canada 1.15% 6/10/25 50,077 47,400
Comcast Corp 3.95% 10/15/25 52,428 49,353
Starbucks Corp 3.55% 5/15/29 55,160 48,170
Oracle Corp 2.95% 4/1/30 54,673 45,009
General Motors Finl 5.1% 1/17/24 75,702 74,927
Simon Property Group 2% 6/13/24 73,810 73,198
Truist Finl Cor 1.125% 27    
CVS Health Corp 1.3% 8/21/27 47,038 44,387
Citigroup Inc Var 10/27/28 52,268 47,063
Bank of America C Var 3/5/29 52,272 47,732
Ally Finl Inc 4.7% 5/15/26 35,205 26,250
Metlife Inc 3.85% 9/15/25 51,130 47,438
Wells Fargo & Co 3.9% 3/15/26 25,126 23,000
Ally Finl Inc 1.45%    
Bank of America C Var 9/5/24 32,255 29,775
Bank of Nova Scotia 2.7% due 8/3/26 49,514 47,353
Goldman Sachs Int Var 12/9/26 47,499 46,050
JPMorgan Chase Var 4/22/27 46,593 46,157
Toronto-Dominio 4.693% 9/15/27 49,298 49,964
Morgan Stanley Var 4/20/28 48,364 48,838
Wells Fargo & Co Var 6/2/28 45,501 45,742
Amazon.Com Inc 3.6% 4/13/32 45,617 47,586

TY 2023 InvestmentsCorpStockSchedule
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
Amazon.com Inc 44,290 75,970
Berkshire Hathaway 39,796 62,415
Broadcom Inc 35,892 139,531
Cisco Systems Inc 32,002 32,838
Constellation Brands 38,297 48,350
Dominion Energy Inc 52,160 29,375
Intel Corp 32,376 28,894
Royal Dutch S    
Starbucks Corp    
Tesla Inc 25,812 304,388
United Health Group Inc 34,562 78,970
Verizon Communication 38,254 23,563
Waste Management Inc 33,395 53,730
3M Co    
Ishares Gold ETF 83,744 99,019
Vanguard FTSE Developed Mkts 37,765 41,913
Pimco Incm Inst Cl    
Alphabet Inc 34,964 69,845
Costco Wholesale 42,479 82,510
Intercontinental Exc 40,206 54,583
Kinder Morgan Inc 34,164 32,634
Kraft Heinz Co 40,212 50,847
Merck & Co Inc 38,750 51,785
Microsoft Corp 35,056 65,807
Roper Technologies 37,442 52,881
Stryker Corp 38,169 59,892
T Rowe Price Group 39,118 32,307
Thermo Fisher Scntfc 56,776 66,349
TJX Companies Inc 27,313 46,905
Tractor Supply Comp 33,125 53,758
Dollar General    
Pimco Income Instl 52,323 47,260
Shell PLC 29,108 32,900
Principal Spectrum Pref    

TY 2023 InvestmentsGovtObligationsSch
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
US Government Securities - End of Year Book Value:

546,625
US Government Securities - End of Year Fair Market Value:

548,559
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsLandSchedule2
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Machinery and Equipment 25,000 25,000   15,000
Improvements 536,240 424,179 112,061  
Land 604,798   604,798 5,222,000
Miscellaneous 42,301 38,238 4,063 40,507

TY 2023 InvestmentsOtherSchedule2
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Minerals AT COST 5,800 582,645
Fine Art AT COST 2,907 12,000

TY 2023 LandEtcSchedule2
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 11,598 9,664 1,934 4,583


TY 2023 OtherAssetsSchedule
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Farm Coop Equity 17,781 17,401 17,401


TY 2023 OtherExpensesSchedule
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Appraisal Fees 14,450 7,225   7,225
Brokerage Fees 10,727 10,727   5,363
Dues and Subscriptions 15 8   7
Email hosting, and computer consulting 825 413   412
Farm Expenses 990T 7,646      
Gathering, Transportation on Royalties 2,796 2,796    
Insurance 1,742 871   871
Rental Expenses 140,243 140,243    
Royalty management fees 79,301 79,301    
Telephone 4,196 2,098   2,098


TY 2023 OtherIncomeSchedule2
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Cattle Sales 9,573    
Oil and Gas Royalties 96,883 96,883  


TY 2023 OtherLiabilitiesSchedule
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
Annuity Contract 26,165 14,977


TY 2023 OtherProfessionalFeesSchedule
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 13,902 13,902 0 0


TY 2023 TaxesSchedule
Name:
Broadhurst Foundation
EIN:
73-6061115
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Advalorem Taxes on Royalties 10,144 10,144    
Business Personal Property Taxes 58 29   29
Excise Taxes on Investment Income 7,672      
Foreign Taxes Withheld on Dividends 80 80    
Income Taxes on 990T 3,650      
Payroll Taxes 4,208 2,104   2,104
Severance Tax on Royalties 1,648 1,648