TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
IT'S POSSIBLE FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)150 E GILMAN STREET 5000
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MADISON, WI53703

A Employer identification number

47-5255658

B Telephone number (see instructions)

(608) 777-4649

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$2,762,231J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	14,292		14,292
4	Dividends and interest from securities...	48,102		48,102
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		117,464
b	Gross sales price for all assets on line 6a 693,261
7	Capital gain net income (from Part IV, line 2)...			117,464
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........	179,858		179,858
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	122	0	122
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	6,500	6,500	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	7,025	7,025	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	13,647		13,525	122
25	Contributions, gifts, grants paid.......	120,000			120,000
26	Total expenses and disbursements. Add lines 24 and 25	133,647		13,525	120,122
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	46,211
b	Net investment income (if negative, enter -0-)			166,333
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	396,328	288,820	288,820
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	0	List of Attached Documents: // Content 19,889	19,889
	b	Investments—corporate stock (attach schedule).......	1,432,843	List of Attached Documents: // Content 1,594,994	1,594,994
	c	Investments—corporate bonds (attach schedule).......	731,527	List of Attached Documents: // Content 846,606	846,606
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	14,032	List of Attached Documents: // Content 11,922	11,922
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,574,730	2,762,231	2,762,231
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	2,574,730	2,762,231
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	2,574,730	2,762,231
	30	Total liabilities and net assets/fund balances (see instructions).	2,574,730	2,762,231

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,574,730

Enter amount from Part I, line 27a .....................

46,211

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

141,290

Add lines 1, 2, and 3 ..........................

2,762,231

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

2,762,231

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
1 a	PUBLICLY TRADED SECURITIES
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	693,147	575,797	117,350
b	114		114
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			117,350
b			114
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	117,464
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 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	2,312
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	2,312
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,312
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	1,441
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	4,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	5,441
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,129
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax3,129	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

THERESA A DVORAK Telephone no. right arrow

(608) 777-4649

Located at right arrow

150 E GILMAN ST SUITE 5000MADISONWI ZIP+4 right arrow

53703

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
THERESA DVORAK	PRESIDENT/TREASURER/DIRECTOR 1.00	0	0	0
150 E GILMAN ST SUITE 5000 MADISON,WI53703	PRESIDENT/TREASURER/DIRECTOR 1.00	0	0	0
CARL DVORAK	VICE PRESIDENT/DIRECTOR 1.00	0	0	0
150 E GILMAN ST SUITE 5000 MADISON,WI53703	VICE PRESIDENT/DIRECTOR 1.00	0	0	0
ALYSSA DVORAK	SECRETARY 1.00	0	0	0
150 E GILMAN ST SUITE 5000 MADISON,WI53703	SECRETARY 1.00	0	0	0
BOB SORGE	DIRECTOR 1.00	0	0	0
150 E GILMAN ST SUITE 5000 MADISON,WI53703	DIRECTOR 1.00	0	0	0
DAVID REINECKE	DIRECTOR 1.00	0	0	0
150 E GILMAN ST SUITE 5000 MADISON,WI53703	DIRECTOR 1.00	0	0	0
DAVID NORTHCUTT	DIRECTOR 1.00	0	0	0
150 E GILMAN ST SUITE 5000 MADISON,WI53703	DIRECTOR 1.00	0	0	0

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...................				0

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


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 (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

2,340,210

Average of monthly cash balances.......................

399,534

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,739,744

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,739,744

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

41,096

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

2,698,648

Minimum investment return. Enter 5% (0.05) of line 5................

134,932

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.)

Minimum investment return from Part IX, line 6..................

134,932

Tax on investment income for 2024 from Part V, line 5 .......

2,312

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

2,312

Distributable amount before adjustments. Subtract line 2c from line 1............

132,620

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

132,620

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

132,620

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

120,122

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

120,122

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				132,620
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			118,491
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 120,122
a Applied to 2023, but not more than line 2a			118,491
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2024 distributable amount.....				1,631
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2024.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				130,989
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

THERESA DVORAK

CARL DVORAK

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

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 email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ASSOCIATION FOR THE RIGHTS OF CITIZENS WITH HANDICAPS INC (ARCH) 419 FREDERICK STREET WAUKESHA,WI53186		PC	DISABILITY SUPPORT	10,000
BOYS AND GIRLS CLUB OF WEST CENTRAL WISCONSIN INC 300 VINE STREET REEDSBURG,WI53959		PC	REEDSBURG BOYS & GIRLS CLUB	10,000
CHEMICAL EDUCATION FOUNDATION 4201 WILSON BLVD SUITE 515 ARLINGTON,VA22203		PC	SCIENCE EDUCATION	10,000
DIABETES YOUTH FOUNDATION OF INDIANA 5050 E 211TH STREET NOBLESVILLE,IN46060		PC	ENCOURAGE, EMPOWER AND SUPPORT CHILDREN AND TEENS WITH T1D	25,000
GREEN CARES FOOD PANTRY 422 S GARFIELD STREET MONTICELLO,WI53570		PC	FOOD FOR LOW-INCOME FAMILIES IN GREEN COUNTY	10,000
GREEN COUNTY HUMANE SOCIETY N3156 STATE ROAD 81 MONROE,WI53566		PC	ADVOCACY FOR THE LIVES OF COMPANION ANIMALS	5,000
HABITAT FOR HUMANITY OF GREEN COUNTY PO BOX 398 MONROE,WI53566		PC	ELIMINATING SUBSTANDARD HOUSING AND HOMELESSNESS	10,000
HABITAT FOR HUMANITY OF WISCONSIN RIVER AREA 1211 8TH STREET BARABOO,WI53913		PC	ELIMINATING SUBSTANDARD HOUSING AND HOMELESSNESS	20,000
JDRF INTERNATIONAL 1800 APPLETON ROAD SUITE 2 MENASHA,WI54952		PC	JUVENILE DIABETES RESEARCH	2,000
LITERACY COUNCIL OF GREEN COUNTY LTD 925 16TH AVENUE MONROE,WI53566		PC	LITERACY FOR ADULT LEARNERS IN GREEN COUNTY	1,000
SIGNATURE PRODUCTIONS 3255 MUSTANG STREET LAS VEGAS,NV89108		PC	QUALITY FAMILY ENTERTAINMENT THROUGH THEATRE	1,000
SS PETER AND PAUL CATHEDRAL INDIANAPOLIS INC 1347 N MERIDIAN STREET INDIANAPOLIS,IN46202		PC	SUNDAY CATHEDRAL SOUP KITCHEN	15,000
TUACAHN CENTER FOR THE ARTS 1100 TUACAHN DRIVE IVINS,UT84738		PC	ENLIGHTEN AND INSPIRE THE HUMAN SPIRIT THROUGH ENTERTAINMENT	1,000
Total ................................. 3a				120,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	14,292
4 Dividends and interest from securities ....			14	48,102
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	117,464
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		179,858	0

13Total. Add line 12, columns (b), (d), and (e)..................

179,858

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

IT'S POSSIBLE FOUNDATION INC

EIN:

47-5255658

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	6,500	6,500		0

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

IT'S POSSIBLE FOUNDATION INC

EIN:

47-5255658

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMERICAN ELECTRIC 3.2%27 DUE 11/13/27	14,368	14,368
AMERICAN TOWER CO 3.8%29 DUE 08/15/29	14,206	14,206
AON CORP / AON GL 2.60 % DUE DEC 2, 2031	16,974	16,974
APTIV PLC / APTIV CORP SR NT 3.250%	17,252	17,252
ARES CAPITAL MAN 3.25%25 DUE 07/15/25	9,890	9,890
ARROW ELECTRONI 3.875%28 DUE 01/12/28	14,431	14,431
AUTOZONE, INC. 1.65%31 DUE 01/15/31	16,525	16,525
AVERY DENNISON 4.875%28 DUE 12/06/28	14,884	14,884
BAKER HUGHES CO-OBLIGOR INC SENIOR UNSECURED	13,834	13,834
BANK OF AMERICA 4.45%26 DUE 03/03/26	9,940	9,940
BORGWARNER INC SR NT CLB 2.65 %	14,264	14,264
BROADCOM CORP 3.875%27 DUE 01/15/27	9,839	9,839
CAPITAL ONE FINL 4.2%25 DUE 10/29/25	9,941	9,941
CARRIER GLOBAL CORP 2.722 % DUE FEB 15, 2030	13,443	13,443
CBRE SVCS INC GTD FXD RT SR NT CLB 4.875 %	9,994	9,994
CITIGROUP INC 4.6%26 DUE 03/09/26	9,975	9,975
CONAGRA BRANDS, 1.375%27 DUE 11/01/27	13,611	13,611
CONSTELLATION BRA 3.6%28 DUE 02/15/28	14,407	14,407
CROWN CASTLE INTE 3.7%26 DUE 06/15/26	9,835	9,835
DIAMONDBACK ENERG 3.5%29 DUE 12/01/29	13,921	13,921
DUKE ENERGY CORP 3.15%27 DUE 08/15/27	14,400	14,400
EDWARDS LIFESCIEN 4.3%28 DUE 06/15/28	14,643	14,643
EQUITABLE HOLDIN 4.35%28 DUE 04/20/28	14,673	14,673
FLOWSERVE CORP SR NT 3.500%	18,220	18,220
GENERAL MOTORS FINL 5%27 DUE 04/09/27	15,010	15,010
GOLDMAN SACHS INT 3.5%25 DUE 01/23/25	9,992	9,992
HUMANA INC. 3.95%27 DUE 03/15/27	19,611	19,611
HUNTSMAN INTERNTN 4.5%29 DUE 05/01/29	14,325	14,325
IDEX CORP 3.00 % DUE MAY 1, 2030	13,561	13,561
ILLUMINA, INC. 2.55%31 DUE 03/23/31	12,714	12,714
INGREDION INC 3.2%26 DUE 10/01/26	9,728	9,728
INTERNTNL FLAVOR 4.45%28 DUE 09/26/28	19,581	19,581
JABIL INC. 1.7%26 DUE 04/15/26	9,595	9,595
JUNIPER NETWORKS 3.75%29 DUE 08/15/29	14,229	14,229
KEYSIGHT TECHNOLOGIES 3.00 % DUE OCT 30, 2029	13,672	13,672
L3HARRIS TECHNOL 3.85%26 DUE 12/15/26	9,836	9,836
MARTIN MARIETTA M 3.5%27 DUE 12/15/27	14,476	14,476
MARVELL TECHNOLO 1.65%26 DUE 04/15/26	9,592	9,592
MICRON TECHNOLO 4.975%26 DUE 02/06/26	9,998	9,998
MOTOROLA SOLUTIONS INC FXD RT SR NT 4.60%	14,873	14,873
NETFLIX, INC. 4.875%28 DUE 04/15/28	14,971	14,971
NVR, INC. 3%30 DUE 05/15/30	13,525	13,525
ORACLE CORP 2.3%28 DUE 03/25/28	13,878	13,878
PERKINELMER, INC. 3.3%29 DUE 09/15/29	13,804	13,804
QUEST DIAGNOSTICS 2.8%31 DUE 06/30/31	17,359	17,359
ROPER TECHNOLOGIE 3.8%26 DUE 12/15/26	9,845	9,845
ROSS STORES, IN 1.875%31 DUE 04/15/31	12,373	12,373
ROYALTY PHARMA P1.2% 25F DUE 09/02/25	9,750	9,750
RPM INTERNTNL IN 3.75%27 DUE 03/15/27	9,771	9,771
T-MOBILE USA INC 2.05%28 DUE 02/15/28	13,752	13,752
TELEDYNE TECHNOL 2.75%31 DUE 04/01/31	13,059	13,059
THE BOEING CO 3.2%29 DUE 03/01/29	13,786	13,786
TRACTOR SUPPLY CO 1.75 % DUE NOV 1, 2030	12,531	12,531
UNDER ARMOUR, IN 3.25%26 DUE 06/15/26	9,675	9,675
VERIZON COMMUNI 4.329%28 DUE 09/21/28	19,591	19,591
VIACOMCBS INC. 2.9%27 DUE 01/15/27	9,566	9,566
WARNER BROS. DIS 3.45%25 DUE 03/15/25	9,949	9,949
WELLS FARGO & CO 4.3%27 DUE 07/22/27	19,705	19,705
WESTLAKE CHEMICAL 3.6%26 DUE 08/15/26	9,760	9,760
WILLIAMS PARTNER 3.75%27 DUE 06/15/27	19,494	19,494
WILLIS NORTH AME 2.95%29 DUE 09/15/29	13,582	13,582
WORKDAY INC 3.800% 04/01/32	18,261	18,261
ZOETIS INC. 3%27 DUE 09/12/27	14,356	14,356

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

IT'S POSSIBLE FOUNDATION INC

EIN:

47-5255658

Name of Stock	End of Year Book Value	End of Year Fair Market Value
VANGUARD MORTGAGE-BACKED SECURITIES ETF	19,723	19,723
ALPHABET INC	79,506	79,506
COMCAST CORP	11,259	11,259
META PLATFORMS INC	51,525	51,525
NETFLIX INC	12,478	12,478
T-MOBILE US INC	9,933	9,933
AMAZON.COM INC	73,496	73,496
AUTOZONE INC	12,808	12,808
BOOKING HOLDINGS INC	9,937	9,937
GENERAL MOTORS CO	14,649	14,649
LOWE'S COS INC	24,680	24,680
NIKE INC	10,972	10,972
PULTEGROUP INC	11,979	11,979
YUM! BRANDS INC	14,758	14,758
COSTCO WHOLESALE CORP	7,330	7,330
KROGER CO	15,593	15,593
MONDELEZ INTERNATIONAL INC	14,335	14,335
PEPSICO INC	14,446	14,446
PROCTER & GAMBLE CO	15,927	15,927
CONOCOPHILLIPS	12,892	12,892
EOG RESOURCES INC	12,871	12,871
HALLIBURTON CO	10,468	10,468
MARATHON PETROLEUM CORP	9,765	9,765
VANGUARD MID-CAP ETF	23,772	23,772
VANGUARD SMALL-CAP ETF	24,028	24,028
FRANKLIN FTSE BRAZIL ETF	7,924	7,924
FRANKLIN FTSE INDIA ETF	8,528	8,528
VANGUARD FTSE ALL-WORLD EX-US ETF	18,084	18,084
VANGUARD FTSE DEVELOPED MARKETS ETF	17,933	17,933
VANGUARD TOTAL WORLD STOCK ETF	24,083	24,083
BERKSHIRE HATHAWAY CLASS B	15,865	15,865
CAPITAL ONE FINANCIAL CORP	14,801	14,801
CHARLES SCHWAB CORP	15,912	15,912
CITIGROUP INC	20,061	20,061
FISERV INC	15,406	15,406
INTERCONTINENTAL EXCHANGE INC	15,646	15,646
JPMORGAN CHASE & CO	27,567	27,567
MASTERCARD INC	21,063	21,063
MOODY'S CORP	9,467	9,467
PAYPAL HOLDINGS INC	13,229	13,229
STATE STR CORP COM	15,213	15,213
VISA INC	23,703	23,703
WILLIS TOWERS WATSON PLC	14,722	14,722
BAXTER INTERNATIONAL INC	13,705	13,705
ELI LILLY & CO	14,668	14,668
GE HEALTHCARE TECHNOLOGIES INC	14,463	14,463
IDEXX LABORATORIES INC	13,644	13,644
IQVIA HOLDINGS INC	15,721	15,721
JOHNSON & JOHNSON	20,247	20,247
MERCK & CO INC	14,922	14,922
ROYALTY PHARMA PLC	9,439	9,439
SPDR S&P BIOTECH ETF	14,139	14,139
THERMO FISHER SCIENTIFIC INC	14,566	14,566
UNITEDHEALTH GROUP INC	19,729	19,729
ZOETIS INC	14,501	14,501
AUTOMATIC DATA PROCESSING INC	14,637	14,637
DEERE & CO	13,982	13,982
DELTA AIR LINES INC	10,588	10,588
HONEYWELL INTERNATIONAL INC	15,361	15,361
INVESCO S&P GLOBAL WATER INDEX ETF	14,905	14,905
JACOBS SOLUTIONS INC	14,698	14,698
PARKER-HANNIFIN CORP	13,357	13,357
RTX CORP	10,993	10,993
TEXTRON INC	13,768	13,768
UNION PACIFIC CORP	14,823	14,823
ADOBE INC	18,232	18,232
APPLE INC	98,916	98,916
APPLIED MATERIALS INC	17,889	17,889
AUTODESK INC	17,143	17,143
BROADCOM INC	24,111	24,111
CISCO SYSTEMS INC	13,616	13,616
GODADDY INC	13,421	13,421
MICRON TECHNOLOGY INC	11,362	11,362
MICROSOFT CORP	88,515	88,515
NVIDIA CORP	39,616	39,616
QUALCOMM INC	13,058	13,058
SALESFORCE INC	24,740	24,740
CORTEVA INC	14,810	14,810
LINDE PLC	14,653	14,653
MARTIN MARIETTA MATERIALS INC	14,462	14,462
CBRE GROUP INC	14,442	14,442
UTILITIES SELECT SECTOR SPDR FUND	20,815	20,815

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

IT'S POSSIBLE FOUNDATION INC

EIN:

47-5255658

US Government Securities - End of Year Book Value:

19,889

US Government Securities - End of Year Fair Market Value:

19,889

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

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

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

IT'S POSSIBLE FOUNDATION INC

EIN:

47-5255658

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AMERICAN TOWER CORP	FMV	11,922	11,922

- TIN:

TY 2024 LegalFeesSchedule

Name:

IT'S POSSIBLE FOUNDATION INC

EIN:

47-5255658

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	122	0		122

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

IT'S POSSIBLE FOUNDATION INC

EIN:

47-5255658

Description	Amount
CHANGE IN UNREALIZED GAIN/LOSS ON INVESTMENTS	141,290

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

IT'S POSSIBLE FOUNDATION INC

EIN:

47-5255658

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	7,025	7,025		0