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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
LAND ECONOMICS FOUNDATION OF LAMBDA ALPHA INTERNATIONAL
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 72720
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PHOENIX, AZ85050
A Employer identification number

36-6124743
B Telephone number (see instructions)

(480) 719-7404
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$730,381J 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) 26,921
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 37,728 37,728  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 66,544
b Gross sales price for all assets on line 6a 311,259
7 Capital gain net income (from Part IV, line 2)... 66,544
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).......      
12 Total. Add lines 1 through 11........ 131,193 104,272  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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
3,333 1,333   2,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
14,985 6,099   8,886
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,000     2,000
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,326     2,326
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,644 7,432   15,212
25 Contributions, gifts, grants paid....... 32,999 32,999
26 Total expenses and disbursements. Add lines 24 and 25 55,643 7,432   48,211
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 75,550
b Net investment income (if negative, enter -0-) 96,840
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 46,753 18,206 18,206
2 Savings and temporary cash investments.........      
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)      
b Investments—corporate stock (attach schedule)....... 623,860 Click to see attachment
List of Attached Documents:
// Content
712,175 		712,175
c Investments—corporate bonds (attach schedule).......      
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 670,613 730,381 730,381
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
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........... 670,613 730,381
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 670,613 730,381
30 Total liabilities and net assets/fund balances (see instructions). 670,613 730,381
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
670,613
2
Enter amount from Part I, line 27a .....................
2
75,550
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
746,163
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
15,782
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
730,381
Form 990-PF (2024)
Form 990-PF (2024)
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 2.105 SHS ANCFX P 2013-05-16 2024-03-11
b 7.034 SHS ABALX P 2023-09-11 2024-08-29
c 31.467 SHS ABALX P 2023-12-12 2024-08-29
d 7.191 SHS ABALX P 2024-03-11 2024-08-29
e 7.06 SHS ABALX P 2024-06-10 2024-08-29
1144.436 SHS ABALX P 2013-05-16 2024-08-29
8.579 SHS ABALX P 2013-06-12 2024-08-29
8.448 SHS ABALX P 2013-09-12 2024-08-29
8.002 SHS ABALX P 2013-12-19 2024-08-29
7.928 SHS ABALX P 2014-03-14 2024-08-29
2.337 SHS ABALX P 2014-03-14 2024-08-29
7.7 SHS ABALX P 2014-06-12 2024-08-29
7.581 SHS ABALX P 2014-09-17 2024-08-29
8.254 SHS ABALX P 2014-12-23 2024-08-29
116.384 SHS ABALX P 2014-12-23 2024-08-29
8.84 SHS ABALX P 2015-03-13 2024-08-29
8.044 SHS ABALX P 2015-03-13 2024-08-29
8.836 SHS ABALX P 2015-06-17 2024-08-29
8.695 SHS ABALX P 2015-09-16 2024-08-29
8.849 SHS ABALX P 2015-12-21 2024-08-29
74.685 SHS ABALX P 2015-12-21 2024-08-29
9.125 SHS ABALX P 2016-03-16 2024-08-29
8.71 SHS ABALX P 2016-06-15 2024-08-29
13.327 SHS ABALX P 2016-06-15 2024-08-29
8.718 SHS ABALX P 2016-09-14 2024-08-29
12.064 SHS ABALX P 2016-12-20 2024-08-29
39.639 SHS ABALX P 2016-12-20 2024-08-29
8.54 SHS ABALX P 2017-03-15 2024-08-29
8.153 SHS ABALX P 2017-06-14 2024-08-29
8.071 SHS ABALX P 2017-06-14 2024-08-29
8.052 SHS ABALX P 2017-09-13 2024-08-29
14.836 SHS ABALX P 2017-12-19 2024-08-29
70.735 SHS ABALX P 2017-12-19 2024-08-29
8.299 SHS ABALX P 2018-03-14 2024-08-29
7.992 SHS ABALX P 2018-06-13 2024-08-29
3.756 SHS ABALX P 2018-06-13 2024-08-29
7.92 SHS ABALX P 2018-09-12 2024-08-29
19.563 SHS ABALX P 2018-12-18 2024-08-29
85.301 SHS ABALX P 2018-12-18 2024-08-29
8.709 SHS ABALX P 2019-03-13 2024-08-29
7.876 SHS ABALX P 2019-06-12 2024-08-29
6.789 SHS ABALX P 2019-06-12 2024-08-29
7.69 SHS ABALX P 2019-09-11 2024-08-29
18.548 SHS ABALX P 2019-12-17 2024-08-29
38.535 SHS ABALX P 2019-12-17 2024-08-29
9.222 SHS ABALX P 2020-03-16 2024-08-29
7.978 SHS ABALX P 2020-06-15 2024-08-29
0.758 SHS ABALX P 2020-06-15 2024-08-29
10.969 SHS ABALX P 2020-06-15 2024-08-29
7.656 SHS ABALX P 2020-09-14 2024-08-29
7.471 SHS ABALX P 2020-12-15 2024-08-29
57.304 SHS ABALX P 2020-12-15 2024-08-29
7.382 SHS ABALX P 2021-03-15 2024-08-29
7.046 SHS ABALX P 2021-06-14 2024-08-29
12.541 SHS ABALX P 2021-06-14 2024-08-29
6.981 SHS ABALX P 2021-09-13 2024-08-29
6.969 SHS ABALX P 2021-12-14 2024-08-29
59.93 SHS ABALX P 2021-12-14 2024-08-29
7.625 SHS ABALX P 2022-03-14 2024-08-29
8.273 SHS ABALX P 2022-06-13 2024-08-29
14.685 SHS ABALX P 2022-06-13 2024-08-29
8.103 SHS ABALX P 2022-09-12 2024-08-29
14.373 SHS ABALX P 2022-12-13 2024-08-29
8.095 SHS ABALX P 2023-03-13 2024-08-29
7.062 SHS ABALX P 2023-06-12 2024-08-29
28.051 SHS AHITX P 2023-08-31 2024-08-29
18.738 SHS AHITX P 2023-09-29 2024-08-29
21.841 SHS AHITX P 2023-10-31 2024-08-29
19.416 SHS AHITX P 2023-11-30 2024-08-29
21.546 SHS AHITX P 2023-12-29 2024-08-29
19.898 SHS AHITX P 2024-01-31 2024-08-29
18.033 SHS AHITX P 2024-02-29 2024-08-29
18.581 SHS AHITX P 2024-03-28 2024-08-29
18.944 SHS AHITX P 2024-04-30 2024-08-29
20.149 SHS AHITX P 2024-05-31 2024-08-29
19.839 SHS AHITX P 2024-06-28 2024-08-29
20.427 SHS AHITX P 2024-07-31 2024-08-29
1299.47 SHS AHITX P 2013-05-16 2024-08-29
5.162 SHS AHITX P 2013-05-28 2024-08-29
22.98 SHS AHITX P 2013-06-28 2024-08-29
17.971 SHS AHITX P 2013-07-26 2024-08-29
22.229 SHS AHITX P 2013-08-28 2024-08-29
19.82 SHS AHITX P 2013-09-27 2024-08-29
22.215 SHS AHITX P 2013-10-28 2024-08-29
20.643 SHS AHITX P 2013-11-27 2024-08-29
21.874 SHS AHITX P 2013-12-27 2024-08-29
21.412 SHS AHITX P 2014-01-31 2024-08-29
20.783 SHS AHITX P 2014-02-28 2024-08-29
18.374 SHS AHITX P 2014-03-31 2024-08-29
18.25 SHS AHITX P 2014-04-30 2024-08-29
20.402 SHS AHITX P 2014-05-30 2024-08-29
20.635 SHS AHITX P 2014-06-30 2024-08-29
22.399 SHS AHITX P 2014-07-31 2024-08-29
21.106 SHS AHITX P 2014-08-29 2024-08-29
22.498 SHS AHITX P 2014-09-30 2024-08-29
22.816 SHS AHITX P 2014-10-31 2024-08-29
21.146 SHS AHITX P 2014-11-28 2024-08-29
24.38 SHS AHITX P 2014-12-31 2024-08-29
22.881 SHS AHITX P 2015-01-30 2024-08-29
19.414 SHS AHITX P 2015-02-27 2024-08-29
21.81 SHS AHITX P 2015-03-31 2024-08-29
21.231 SHS AHITX P 2015-04-30 2024-08-29
21.786 SHS AHITX P 2015-05-29 2024-08-29
21.489 SHS AHITX P 2015-06-30 2024-08-29
22.899 SHS AHITX P 2015-07-31 2024-08-29
21.675 SHS AHITX P 2015-08-31 2024-08-29
20.887 SHS AHITX P 2015-09-30 2024-08-29
24.574 SHS AHITX P 2015-10-30 2024-08-29
23.229 SHS AHITX P 2015-11-30 2024-08-29
28.821 SHS AHITX P 2015-12-31 2024-08-29
25.057 SHS AHITX P 2016-01-29 2024-08-29
21.746 SHS AHITX P 2016-02-29 2024-08-29
21.855 SHS AHITX P 2016-03-31 2024-08-29
21.189 SHS AHITX P 2016-04-29 2024-08-29
22.098 SHS AHITX P 2016-05-31 2024-08-29
22.303 SHS AHITX P 2016-06-30 2024-08-29
22.746 SHS AHITX P 2016-07-29 2024-08-29
16.511 SHS AHITX P 2016-08-31 2024-08-29
17.387 SHS AHITX P 2016-09-30 2024-08-29
17.797 SHS AHITX P 2016-10-31 2024-08-29
15.883 SHS AHITX P 2016-11-30 2024-08-29
18.35 SHS AHITX P 2016-12-30 2024-08-29
15.202 SHS AHITX P 2017-01-31 2024-08-29
13.374 SHS AHITX P 2017-02-28 2024-08-29
16.23 SHS AHITX P 2017-03-31 2024-08-29
15.787 SHS AHITX P 2017-04-28 2024-08-29
16.405 SHS AHITX P 2017-05-31 2024-08-29
14.807 SHS AHITX P 2017-06-30 2024-08-29
16.276 SHS AHITX P 2017-07-31 2024-08-29
16.327 SHS AHITX P 2017-08-31 2024-08-29
15.744 SHS AHITX P 2017-09-29 2024-08-29
15.367 SHS AHITX P 2017-10-31 2024-08-29
16.838 SHS AHITX P 2017-11-30 2024-08-29
16.857 SHS AHITX P 2017-12-29 2024-08-29
16.685 SHS AHITX P 2018-01-31 2024-08-29
15.243 SHS AHITX P 2018-02-28 2024-08-29
17.961 SHS AHITX P 2018-03-29 2024-08-29
17.378 SHS AHITX P 2018-04-30 2024-08-29
20.03 SHS AHITX P 2018-05-31 2024-08-29
16.689 SHS AHITX P 2018-06-29 2024-08-29
17.178 SHS AHITX P 2018-07-31 2024-08-29
17.848 SHS AHITX P 2018-08-31 2024-08-29
16.202 SHS AHITX P 2018-09-28 2024-08-29
17.685 SHS AHITX P 2018-10-31 2024-08-29
18.945 SHS AHITX P 2018-11-30 2024-08-29
21.669 SHS AHITX P 2018-12-31 2024-08-29
19.321 SHS AHITX P 2019-01-31 2024-08-29
17.718 SHS AHITX P 2019-02-28 2024-08-29
19.175 SHS AHITX P 2019-03-29 2024-08-29
18.036 SHS AHITX P 2019-04-30 2024-08-29
18.065 SHS AHITX P 2019-05-31 2024-08-29
16.846 SHS AHITX P 2019-06-28 2024-08-29
17.363 SHS AHITX P 2019-07-31 2024-08-29
17.51 SHS AHITX P 2019-08-30 2024-08-29
17.605 SHS AHITX P 2019-09-30 2024-08-29
18.261 SHS AHITX P 2019-10-31 2024-08-29
17.767 SHS AHITX P 2019-11-29 2024-08-29
18.661 SHS AHITX P 2019-12-31 2024-08-29
17.217 SHS AHITX P 2020-01-31 2024-08-29
16.618 SHS AHITX P 2020-02-28 2024-08-29
21.086 SHS AHITX P 2020-03-31 2024-08-29
18.333 SHS AHITX P 2020-04-30 2024-08-29
17.693 SHS AHITX P 2020-05-29 2024-08-29
17.699 SHS AHITX P 2020-06-30 2024-08-29
16.807 SHS AHITX P 2020-07-31 2024-08-29
16.024 SHS AHITX P 2020-08-31 2024-08-29
16.144 SHS AHITX P 2020-09-30 2024-08-29
16.404 SHS AHITX P 2020-10-30 2024-08-29
13.873 SHS AHITX P 2020-11-30 2024-08-29
14.988 SHS AHITX P 2020-12-31 2024-08-29
17.224 SHS AHITX P 2020-12-31 2024-08-29
14.599 SHS AHITX P 2021-01-29 2024-08-29
15.018 SHS AHITX P 2021-02-26 2024-08-29
15.396 SHS AHITX P 2021-03-31 2024-08-29
12.051 SHS AHITX P 2021-04-30 2024-08-29
12.306 SHS AHITX P 2021-05-28 2024-08-29
11.606 SHS AHITX P 2021-06-30 2024-08-29
11.991 SHS AHITX P 2021-07-30 2024-08-29
13.452 SHS AHITX P 2021-08-31 2024-08-29
12.737 SHS AHITX P 2021-09-30 2024-08-29
12.571 SHS AHITX P 2021-10-29 2024-08-29
13.302 SHS AHITX P 2021-11-30 2024-08-29
14.449 SHS AHITX P 2021-12-31 2024-08-29
13.459 SHS AHITX P 2022-01-31 2024-08-29
12.559 SHS AHITX P 2022-02-28 2024-08-29
15.68 SHS AHITX P 2022-03-31 2024-08-29
13.382 SHS AHITX P 2022-04-29 2024-08-29
17.246 SHS AHITX P 2022-05-31 2024-08-29
16.632 SHS AHITX P 2022-06-30 2024-08-29
16.725 SHS AHITX P 2022-07-29 2024-08-29
17.27 SHS AHITX P 2022-08-31 2024-08-29
17.211 SHS AHITX P 2022-09-30 2024-08-29
21.889 SHS AHITX P 2022-10-31 2024-08-29
17.421 SHS AHITX P 2022-11-30 2024-08-29
19.51 SHS AHITX P 2022-12-30 2024-08-29
18.82 SHS AHITX P 2023-01-31 2024-08-29
17.456 SHS AHITX P 2023-02-28 2024-08-29
21.229 SHS AHITX P 2023-03-31 2024-08-29
18.872 SHS AHITX P 2023-04-28 2024-08-29
22.393 SHS AHITX P 2023-05-31 2024-08-29
17.497 SHS AHITX P 2023-06-30 2024-08-29
17.473 SHS AHITX P 2023-07-31 2024-08-29
250.664 SHS CWGIX P 2013-05-16 2024-08-30
2.302 SHS CAIBX P 2023-09-11 2024-08-30
4.73 SHS CAIBX P 2023-12-15 2024-08-30
0.376 SHS CAIBX P 2023-12-15 2024-08-30
2.276 SHS CAIBX P 2024-03-11 2024-08-30
2.272 SHS CAIBX P 2024-06-10 2024-08-30
181.359 SHS CAIBX P 2013-05-16 2024-08-29
3.494 SHS CAIBX P 2013-06-14 2024-08-29
3.437 SHS CAIBX P 2013-09-20 2024-08-29
3.536 SHS CAIBX P 2013-12-19 2024-08-29
6.341 SHS CAIBX P 2014-03-14 2024-08-29
3.388 SHS CAIBX P 2014-06-13 2024-08-29
3.431 SHS CAIBX P 2014-09-19 2024-08-29
6.17 SHS CAIBX P 2014-12-23 2024-08-29
3.622 SHS CAIBX P 2015-03-13 2024-08-29
3.587 SHS CAIBX P 2015-06-17 2024-08-29
3.606 SHS CAIBX P 2015-09-16 2024-08-29
3.839 SHS CAIBX P 2015-12-22 2024-08-29
3.643 SHS CAIBX P 2016-03-16 2024-08-29
3.54 SHS CAIBX P 2016-06-15 2024-08-29
3.514 SHS CAIBX P 2016-09-14 2024-08-29
3.788 SHS CAIBX P 2016-12-23 2024-08-29
3.486 SHS CAIBX P 2017-03-15 2024-08-29
3.298 SHS CAIBX P 2017-06-14 2024-08-29
3.284 SHS CAIBX P 2017-09-13 2024-08-29
4.267 SHS CAIBX P 2017-12-22 2024-08-29
5.24 SHS CAIBX P 2017-12-22 2024-08-29
3.426 SHS CAIBX P 2018-03-14 2024-08-29
3.389 SHS CAIBX P 2018-06-13 2024-08-29
3.455 SHS CAIBX P 2018-09-12 2024-08-29
4.171 SHS CAIBX P 2018-12-21 2024-08-29
0.649 SHS CAIBX P 2018-12-21 2024-08-30
3.531 SHS CAIBX P 2019-03-13 2024-08-30
2.884 SHS CAIBX P 2019-06-12 2024-08-30
2.874 SHS CAIBX P 2019-09-11 2024-08-30
3.289 SHS CAIBX P 2019-12-20 2024-08-30
3.361 SHS CAIBX P 2019-12-20 2024-08-30
3.63 SHS CAIBX P 2020-03-16 2024-08-30
3.187 SHS CAIBX P 2020-06-15 2024-08-30
3.113 SHS CAIBX P 2020-09-14 2024-08-30
3.736 SHS CAIBX P 2020-12-18 2024-08-30
2.283 SHS CAIBX P 2021-03-15 2024-08-30
2.176 SHS CAIBX P 2021-06-14 2024-08-30
2.209 SHS CAIBX P 2021-09-13 2024-08-30
5.256 SHS CAIBX P 2021-12-17 2024-08-30
2.321 SHS CAIBX P 2022-03-14 2024-08-30
2.459 SHS CAIBX P 2022-06-13 2024-08-30
2.435 SHS CAIBX P 2022-09-12 2024-08-30
5.102 SHS CAIBX P 2022-12-16 2024-08-30
2.53 SHS CAIBX P 2023-03-13 2024-08-30
2.263 SHS CAIBX P 2023-06-12 2024-08-30
9.306 SHS CWBFX P 2023-09-15 2024-08-29
8.926 SHS CWBFX P 2023-12-18 2024-08-29
9.147 SHS CWBFX P 2024-03-15 2024-08-29
9.326 SHS CWBFX P 2024-06-14 2024-08-29
936.171 SHS CWBFX P 2013-05-16 2024-08-29
11.164 SHS CWBFX P 2013-06-25 2024-08-29
10.895 SHS CWBFX P 2013-10-07 2024-08-29
18.825 SHS CWBFX P 2013-12-19 2024-08-29
8.73 SHS CWBFX P 2014-03-26 2024-08-29
8.576 SHS CWBFX P 2014-06-25 2024-08-29
8.823 SHS CWBFX P 2014-10-06 2024-08-29
7.436 SHS CWBFX P 2014-12-18 2024-08-29
10.753 SHS CWBFX P 2014-12-18 2024-08-29
21.278 SHS CWBFX P 2014-12-18 2024-08-29
2.327 SHS CWBFX P 2015-03-25 2024-08-29
2.384 SHS CWBFX P 2015-06-19 2024-08-29
2.255 SHS CWBFX P 2015-10-05 2024-08-29
5.769 SHS CWBFX P 2015-12-17 2024-08-29
8.842 SHS CWBFX P 2016-03-18 2024-08-29
8.457 SHS CWBFX P 2016-06-17 2024-08-29
8.353 SHS CWBFX P 2016-10-03 2024-08-29
7.004 SHS CWBFX P 2016-12-16 2024-08-29
5.98 SHS CWBFX P 2016-12-16 2024-08-29
7.768 SHS CWBFX P 2017-03-17 2024-08-29
7.353 SHS CWBFX P 2017-06-16 2024-08-29
7.25 SHS CWBFX P 2017-09-15 2024-08-29
7.386 SHS CWBFX P 2017-12-15 2024-08-29
7.273 SHS CWBFX P 2018-03-23 2024-08-29
7.336 SHS CWBFX P 2018-06-22 2024-08-29
7.446 SHS CWBFX P 2018-09-21 2024-08-29
12.192 SHS CWBFX P 2018-12-18 2024-08-29
7.373 SHS CWBFX P 2019-03-22 2024-08-29
7.035 SHS CWBFX P 2019-06-21 2024-08-29
7.038 SHS CWBFX P 2019-09-20 2024-08-29
7.129 SHS CWBFX P 2019-12-17 2024-08-29
1.789 SHS CWBFX P 2019-12-17 2024-08-29
3.051 SHS CWBFX P 2019-12-17 2024-08-29
7.741 SHS CWBFX P 2020-03-20 2024-08-29
7.11 SHS CWBFX P 2020-06-19 2024-08-29
0.768 SHS CWBFX P 2020-06-19 2024-08-29
6.909 SHS CWBFX P 2020-09-18 2024-08-29
6.861 SHS CWBFX P 2020-12-21 2024-08-29
1.585 SHS CWBFX P 2020-12-21 2024-08-29
17.235 SHS CWBFX P 2020-12-21 2024-08-29
5.817 SHS CWBFX P 2021-03-19 2024-08-29
5.849 SHS CWBFX P 2021-06-18 2024-08-29
9.044 SHS CWBFX P 2021-06-18 2024-08-29
5.59 SHS CWBFX P 2021-09-17 2024-08-29
11.595 SHS CWBFX P 2021-12-20 2024-08-29
6.355 SHS CWBFX P 2022-03-18 2024-08-29
7.113 SHS CWBFX P 2022-06-17 2024-08-29
7.39 SHS CWBFX P 2022-09-16 2024-08-29
7.025 SHS CWBFX P 2022-12-19 2024-08-29
7.86 SHS CWBFX P 2023-03-17 2024-08-29
8.127 SHS CWBFX P 2023-06-16 2024-08-29
369.746 SHS ANCFX P 2013-05-16 2024-08-29
19.472 SHS AMECX P 2023-09-11 2024-08-29
39.675 SHS AMECX P 2023-12-12 2024-08-29
18.694 SHS AMECX P 2024-03-11 2024-08-29
18.718 SHS AMECX P 2024-06-10 2024-08-29
1307.394 SHS AMECX P 2013-05-16 2024-08-29
19.577 SHS AMECX P 2013-06-14 2024-08-29
19.562 SHS AMECX P 2013-09-13 2024-08-29
18.856 SHS AMECX P 2013-12-20 2024-08-29
18.769 SHS AMECX P 2014-03-14 2024-08-29
18.095 SHS AMECX P 2014-06-13 2024-08-29
18.041 SHS AMECX P 2014-09-19 2024-08-29
32.464 SHS AMECX P 2014-12-22 2024-08-29
18.733 SHS AMECX P 2015-03-13 2024-08-29
18.781 SHS AMECX P 2015-06-17 2024-08-29
19.061 SHS AMECX P 2015-09-16 2024-08-29
19.494 SHS AMECX P 2015-12-21 2024-08-29
43.713 SHS AMECX P 2015-12-21 2024-08-29
19.661 SHS AMECX P 2016-03-16 2024-08-29
18.908 SHS AMECX P 2016-06-15 2024-08-29
18.716 SHS AMECX P 2016-09-14 2024-08-29
19.417 SHS AMECX P 2016-12-20 2024-08-29
18.032 SHS AMECX P 2017-03-15 2024-08-29
17.31 SHS AMECX P 2017-06-14 2024-08-29
17.245 SHS AMECX P 2017-09-13 2024-08-29
17.175 SHS AMECX P 2017-12-19 2024-08-29
52.15 SHS AMECX P 2017-12-19 2024-08-29
17.836 SHS AMECX P 2018-03-14 2024-08-29
17.354 SHS AMECX P 2018-06-13 2024-08-29
17.448 SHS AMECX P 2018-09-12 2024-08-29
23.352 SHS AMECX P 2018-12-18 2024-08-29
104.575 SHS AMECX P 2018-12-18 2024-08-29
19.424 SHS AMECX P 2019-03-13 2024-08-29
17.543 SHS AMECX P 2019-06-12 2024-08-29
17.262 SHS AMECX P 2019-09-11 2024-08-29
25.897 SHS AMECX P 2019-12-17 2024-08-29
52.377 SHS AMECX P 2019-12-17 2024-08-29
22.38 SHS AMECX P 2020-03-16 2024-08-29
19.598 SHS AMECX P 2020-06-15 2024-08-29
18.745 SHS AMECX P 2020-09-14 2024-08-29
27.927 SHS AMECX P 2020-12-15 2024-08-29
17.116 SHS AMECX P 2021-03-15 2024-08-29
16.319 SHS AMECX P 2021-06-14 2024-08-29
16.505 SHS AMECX P 2021-09-13 2024-08-29
24.886 SHS AMECX P 2021-12-14 2024-08-29
99.9 SHS AMECX P 2021-12-14 2024-08-29
18.092 SHS AMECX P 2022-03-14 2024-08-29
19.206 SHS AMECX P 2022-06-13 2024-08-29
18.974 SHS AMECX P 2022-09-12 2024-08-29
30.769 SHS AMECX P 2022-12-13 2024-08-29
92.945 SHS AMECX P 2022-12-13 2024-08-29
21.242 SHS AMECX P 2023-03-13 2024-08-29
19.173 SHS AMECX P 2023-06-12 2024-08-29
436.137 SHS ANWPX P 2013-05-16 2024-08-29
61.891 SHS ANWPX P 2013-05-16 2024-08-30
(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 163   99 64
b 250   214 36
c 1,121   976 145
d 256   240 16
e 251   240 11
40,753   26,085 14,668
306   191 115
301   191 110
285   192 93
282   193 89
83   57 26
274   194 80
270   195 75
294   206 88
4,144   2,899 1,245
315   218 97
286   198 88
315   220 95
310   209 101
315   210 105
2,660   1,769 891
325   218 107
310   212 98
475   324 151
310   214 96
430   301 129
1,412   989 423
304   220 84
290   215 75
287   213 74
287   216 71
528   402 126
2,519   1,916 603
296   226 70
285   218 67
134   103 31
282   220 62
697   489 208
3,038   2,134 904
310   231 79
280   212 68
242   182 60
274   213 61
660   524 136
1,372   1,089 283
328   220 108
284   220 64
27   21 6
391   303 88
273   222 51
266   223 43
2,041   1,712 329
263   230 33
251   230 21
447   410 37
249   232 17
248   228 20
2,134   1,962 172
272   235 37
295   236 59
523   418 105
289   238 51
512   425 87
288   231 57
251   213 38
275   258 17
184   169 15
214   194 20
190   179 11
211   205 6
195   189 6
177   171 6
182   178 4
186   179 7
197   193 4
194   190 4
200   198 2
12,735   15,128 -2,393
51   60 -9
225   256 -31
176   203 -27
218   248 -30
194   223 -29
218   254 -36
202   234 -32
214   248 -34
210   243 -33
204   239 -35
180   211 -31
179   210 -31
200   235 -35
202   239 -37
220   254 -34
207   241 -34
220   250 -30
224   253 -29
207   233 -26
239   262 -23
224   246 -22
190   213 -23
214   237 -23
208   232 -24
214   237 -23
211   251 -40
224   264 -40
212   221 -9
205   205  
241   245 -4
228   225 3
282   269 13
246   229 17
213   198 15
214   207 7
208   249 -41
217   260 -43
219   220 -1
223   228 -5
162   168 -6
170   202 -32
174   207 -33
156   161 -5
180   188 -8
149   157 -8
131   140 -9
159   169 -10
155   165 -10
161   192 -31
145   173 -28
160   171 -11
160   170 -10
154   165 -11
151   161 -10
165   175 -10
165   175 -10
164   174 -10
149   157 -8
176   183 -7
170   204 -34
196   234 -38
164   169 -5
168   176 -8
175   183 -8
159   166 -7
173   178 -5
186   188 -2
212   208 4
189   193 -4
174   179 -5
188   222 -34
177   211 -34
177   209 -32
165   171 -6
170   176 -6
172   175 -3
173   175 -2
179   181 -2
174   176 -2
183   188 -5
169   173 -4
163   164 -1
207   182 25
180   163 17
173   162 11
173   164 9
165   162 3
157   156 1
158   155 3
161   158 3
136   139 -3
147   152 -5
169   175 -6
143   149 -6
147   154 -7
151   158 -7
118   125 -7
121   129 -8
114   123 -9
118   126 -8
132   156 -24
125   148 -23
123   132 -9
130   138 -8
142   152 -10
132   138 -6
123   127 -4
154   157 -3
131   129 2
169   167 2
163   150 13
164   158 6
169   209 -40
169   201 -32
215   197 18
171   159 12
191   177 14
184   175 9
171   160 11
208   195 13
185   223 -38
219   261 -42
171   160 11
171   161 10
17,000   10,524 6,476
169   145 24
347   309 38
28   25 3
167   153 14
166   154 12
13,223   10,499 2,724
255   194 61
251   195 56
258   203 55
462   365 97
247   206 41
250   208 42
450   370 80
264   212 52
262   214 48
263   203 60
280   213 67
266   207 59
258   202 56
256   204 52
276   218 58
254   208 46
240   203 37
239   205 34
311   267 44
382   327 55
250   211 39
247   205 42
252   207 45
304   231 73
48   36 12
259   211 48
211   175 36
211   176 35
241   208 33
246   212 34
266   181 85
234   183 51
228   184 44
274   234 40
167   150 17
159   151 8
162   152 10
385   359 26
170   152 18
180   153 27
178   156 22
374   320 54
185   157 28
166   144 22
155   144 11
149   146 3
152   147 5
155   148 7
15,578   18,647 -3,069
186   211 -25
181   213 -32
313   363 -50
145   172 -27
143   173 -30
147   174 -27
124   141 -17
179   205 -26
354   405 -51
39   44 -5
40   48 -8
38   42 -4
96   104 -8
147   167 -20
141   163 -22
139   169 -30
117   126 -9
100   107 -7
129   143 -14
122   147 -25
121   142 -21
123   143 -20
121   143 -22
122   139 -17
124   139 -15
203   225 -22
122   148 -26
117   138 -21
117   139 -22
119   140 -21
30   35 -5
51   60 -9
129   141 -12
118   142 -24
12   15 -3
115   143 -28
114   143 -29
26   33 -7
287   360 -73
97   117 -20
97   117 -20
150   181 -31
93   112 -19
193   224 -31
105   113 -8
118   113 5
123   152 -29
117   111 6
131   126 5
135   164 -29
30,700   17,473 13,227
499   437 62
1,017   898 119
479   447 32
480   450 30
33,522   26,099 7,423
502   378 124
501   381 120
483   384 99
481   387 94
464   390 74
463   393 70
832   706 126
480   402 78
481   405 76
488   387 101
500   390 110
1,121   876 245
504   401 103
485   392 93
480   395 85
498   423 75
462   402 60
444   394 50
442   396 46
440   399 41
1,337   1,212 125
457   411 46
445   399 46
447   402 45
599   484 115
2,681   2,166 515
498   426 72
450   390 60
442   393 49
664   597 67
1,343   1,208 135
574   409 165
502   412 90
480   416 64
716   652 64
439   423 16
418   426 -8
423   429 -6
638   625 13
2,561   2,508 53
463   441 22
492   445 47
486   448 38
789   710 79
2,383   2,144 239
544   468 76
492   433 59
28,000   15,467 12,533
4,000   2,195 1,805
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       64
b       36
c       145
d       16
e       11
      14,668
      115
      110
      93
      89
      26
      80
      75
      88
      1,245
      97
      88
      95
      101
      105
      891
      107
      98
      151
      96
      129
      423
      84
      75
      74
      71
      126
      603
      70
      67
      31
      62
      208
      904
      79
      68
      60
      61
      136
      283
      108
      64
      6
      88
      51
      43
      329
      33
      21
      37
      17
      20
      172
      37
      59
      105
      51
      87
      57
      38
      17
      15
      20
      11
      6
      6
      6
      4
      7
      4
      4
      2
      -2,393
      -9
      -31
      -27
      -30
      -29
      -36
      -32
      -34
      -33
      -35
      -31
      -31
      -35
      -37
      -34
      -34
      -30
      -29
      -26
      -23
      -22
      -23
      -23
      -24
      -23
      -40
      -40
      -9
       
      -4
      3
      13
      17
      15
      7
      -41
      -43
      -1
      -5
      -6
      -32
      -33
      -5
      -8
      -8
      -9
      -10
      -10
      -31
      -28
      -11
      -10
      -11
      -10
      -10
      -10
      -10
      -8
      -7
      -34
      -38
      -5
      -8
      -8
      -7
      -5
      -2
      4
      -4
      -5
      -34
      -34
      -32
      -6
      -6
      -3
      -2
      -2
      -2
      -5
      -4
      -1
      25
      17
      11
      9
      3
      1
      3
      3
      -3
      -5
      -6
      -6
      -7
      -7
      -7
      -8
      -9
      -8
      -24
      -23
      -9
      -8
      -10
      -6
      -4
      -3
      2
      2
      13
      6
      -40
      -32
      18
      12
      14
      9
      11
      13
      -38
      -42
      11
      10
      6,476
      24
      38
      3
      14
      12
      2,724
      61
      56
      55
      97
      41
      42
      80
      52
      48
      60
      67
      59
      56
      52
      58
      46
      37
      34
      44
      55
      39
      42
      45
      73
      12
      48
      36
      35
      33
      34
      85
      51
      44
      40
      17
      8
      10
      26
      18
      27
      22
      54
      28
      22
      11
      3
      5
      7
      -3,069
      -25
      -32
      -50
      -27
      -30
      -27
      -17
      -26
      -51
      -5
      -8
      -4
      -8
      -20
      -22
      -30
      -9
      -7
      -14
      -25
      -21
      -20
      -22
      -17
      -15
      -22
      -26
      -21
      -22
      -21
      -5
      -9
      -12
      -24
      -3
      -28
      -29
      -7
      -73
      -20
      -20
      -31
      -19
      -31
      -8
      5
      -29
      6
      5
      -29
      13,227
      62
      119
      32
      30
      7,423
      124
      120
      99
      94
      74
      70
      126
      78
      76
      101
      110
      245
      103
      93
      85
      75
      60
      50
      46
      41
      125
      46
      46
      45
      115
      515
      72
      60
      49
      67
      135
      165
      90
      64
      64
      16
      -8
      -6
      13
      53
      22
      47
      38
      79
      239
      76
      59
      12,533
      1,805
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 66,544
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 3 670
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 1,346
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 1,346
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 1,346
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 2,924
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.............. Part VI Line 7 - Tax Paid with the Original Return: 2924 7 2,924
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,578
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow1,578 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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 arrowAZ
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? 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 arrowhttps//www.lai.org/land-economics-foundation-lef
14
The books are in care ofright arrowSHEILA NOVAK- GETTING IT DONE Telephone no.right arrow (480) 719-7404

Located atright arrowPO BOX 72720PHOENIXAZ ZIP+4right arrow85050
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 2024, 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 (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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)
Yes
 
(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
Yes
 
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
MICHELLE HENRIE PRES.
002.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
JOCELYN LUM FREDERICK VICE-PRES.
002.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
JASON BARR TREASURER
003.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
VELMA ZAHIROVIC-HERBERT SECRETARY
001.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
GARY LEACH DIRECTOR
001.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
STEVEN BOURASSA DIRECTOR
001.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
MICHAEL BURAYIDI DIRECTOR
001.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
LAURA TAYLOR DIRECTOR
001.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
JUSTIN HOLANDER DIRECTOR
001.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
JON DEVRIES PAST PRES.
001.00 		0    
13835 N TATUM BLVD STE 9-448
PHOENIX,AZ85050
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 (2024)
Form 990-PF (2024)
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 N/A 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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
679,051
b
Average of monthly cash balances.......................
1b
31,616
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
710,667
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
710,667
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
10,660
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
700,007
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
35,000
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
35,000
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,346
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,346
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
33,654
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
33,654
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
33,654
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 Click to see attachment
List of Attached Documents:
// Content
..........
1a
48,211
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
48,211
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 33,654
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 44,155
b From 2020...... 16,754
c From 2021...... 12,060
d From 2022...... 20,323
e From 2023...... 12,526
f Total of lines 3a through e ........ 105,818
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 48,211
a Applied to 2023, 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)........ 		 
d Applied to 2024 distributable amount..... 33,654
e Remaining amount distributed out of corpus 14,557
5 Excess distributions carryover applied to 2024.    
(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 5 120,375
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		44,155
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		76,220
10 Analysis of line 9:
a Excess from 2020.... 16,754
b Excess from 2021.... 12,060
c Excess from 2022.... 20,323
d Excess from 2023.... 12,526
e Excess from 2024.... 14,557
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
None
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
None
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Land Economics Foundation
PO Box 72720
Phoenix,AZ85050
(480) 719-7404
lailai.org
bThe form in which applications should be submitted and information and materials they should include:
Online applications - https//www.lai.org/node/1659 Proposal Guidelines - https//www.lai.org/proposal-guidelines
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Grants for research projects related to land economics.
Form 990-PF (2024)
Form 990-PF (2024)
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
University of Hawaii


2500 Campus Rd
Honolulu,HI96822 		None GOV Developing green technology for urban sustainability 9,500
SPUR


654 Mission St
San Francisco,CA941054015 		None PC Prepare financial feasibility analysis of construction defect liability 5,500
New York University


110 E 14th St
New York,NY10003 		None NC Research impact of remote work on built environment Completed expenditure 1/2025 14,999
Boston University


1 Silber Way
Boston,MA02215 		None NC Book publication studying globalized economy. Completed expenditure 06/2025. 3,000
Total .................................right arrow 3a 32,999
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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 37,728  
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 ............ 		    18 66,544  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   104,272  
13Total. Add line 12, columns (b), (d), and (e)..................
13
104,272
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID: 24019898
Software Version: 24.0.1.0
Part VI Line 7 - Tax Paid with the Original Return: 2,924


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
LAND ECONOMICS FOUNDATION OF LAMBDA ALPHA INTERNATIONAL
EIN:
36-6124743
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 3,333 1,333   2,000

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TY 2024 ExpenditureResponsibilityStmt
Name:
LAND ECONOMICS FOUNDATION OF LAMBDA ALPHA INTERNATIONAL
EIN:
36-6124743
Software ID:
24019898
Software Version:
24.0.1.0
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
New York University
  		110 E 14th St
New York,NY10003 		2024-11-14 14,999 Research impact of remote work on built environment Completed expenditure 1/2025 14,999 N 08/15/2024 2024-11-11 Verified
Boston University
  		1 Silber Way
Boston,MA02215 		2024-12-27 3,000 Book publication studying globalized economy. Completed expenditure 06/2025. 3,000 N 06/11/2024 2024-08-29 Verified

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
LAND ECONOMICS FOUNDATION OF LAMBDA ALPHA INTERNATIONAL
EIN:
36-6124743
Software ID:
24019898
Software Version:
24.0.1.0
Statement:
ARIZONA HAS NO CHARITABLE REQUIREMENT TO SEND TO ATTORNEY GENERAL NOR CHARITABLE REGISTRATIONS. RECENTLY, THEY NO LONGER REQUIRE A COPY OF THE FEDERAL RETURN NOR FILING OF STATE RETURN EXCEPT FOR UBI.

TY 2024 InvestmentsCorpStockSchedule
Name:
LAND ECONOMICS FOUNDATION OF LAMBDA ALPHA INTERNATIONAL
EIN:
36-6124743
Software ID:
24019898
Software Version:
24.0.1.0
Name of Stock End of Year Book Value End of Year Fair Market Value
USB Investment Account 712,175 712,175

TY 2024 OtherDecreasesSchedule
Name:
LAND ECONOMICS FOUNDATION OF LAMBDA ALPHA INTERNATIONAL
EIN:
36-6124743
Software ID:
24019898
Software Version:
24.0.1.0
Description Amount
Unrealized Gains Losses 15,782


TY 2024 OtherExpensesSchedule
Name:
LAND ECONOMICS FOUNDATION OF LAMBDA ALPHA INTERNATIONAL
EIN:
36-6124743
Software ID:
24019898
Software Version:
24.0.1.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Website Expenses 1,230     1,230
Bank Fees 832     832
Software 264     264


TY 2024 OtherProfessionalFeesSchedule
Name:
LAND ECONOMICS FOUNDATION OF LAMBDA ALPHA INTERNATIONAL
EIN:
36-6124743
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Contract Admin 14,810 5,924   8,886
Investment Fees 175 175    


TY 2024 TaxesSchedule
Name:
LAND ECONOMICS FOUNDATION OF LAMBDA ALPHA INTERNATIONAL
EIN:
36-6124743
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes