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
Artemis Family Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

87-3955273
B Telephone number (see instructions)

(800) 839-1754
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$5,598,638J 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) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments 9,307 9,307  
4 Dividends and interest from securities... 248,151 248,151  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 135,436
b Gross sales price for all assets on line 6a 3,027,279
7 Capital gain net income (from Part IV, line 2)... 135,436
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........ 392,894 392,894  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
38,955 38,955    
17 Interest............... 564 564    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,163 255    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,084 82   27,002
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,766 39,856   27,002
25 Contributions, gifts, grants paid....... 57,250 57,250
26 Total expenses and disbursements. Add lines 24 and 25 128,016 39,856   84,252
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 264,878
b Net investment income (if negative, enter -0-) 353,038
c Adjusted net income (if negative, enter -0-)... 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.............      
2 Savings and temporary cash investments......... 304,594 301,949 301,949
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) 370,372    
b Investments—corporate stock (attach schedule)....... 3,305,688 Click to see attachment
List of Attached Documents:
// Content
3,672,846 		4,037,175
c Investments—corporate bonds (attach schedule)....... 195,466    
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).......... 456,441 Click to see attachment
List of Attached Documents:
// Content
922,644 		759,514
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
500,000 		Click to see attachment
List of Attached Documents:
// Content
500,000 		Click to see attachment
List of Attached Documents:
// Content
500,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,132,561 5,397,439 5,598,638
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 5,132,561 5,397,439
29 Total net assets or fund balances (see instructions)..... 5,132,561 5,397,439
30 Total liabilities and net assets/fund balances (see instructions). 5,132,561 5,397,439
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
5,132,561
2
Enter amount from Part I, line 27a .....................
2
264,878
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,397,439
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,397,439
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 Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,027,279   2,891,843 135,436
b
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       135,436
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 135,436
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 4,907
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 4,907
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 4,907
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 3,100
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,900
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 93
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow93 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 arrowDE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
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)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Maria E Spirakus Co- Pres, Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Noah Spirakus Co- Pres, Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
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
 
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)
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
4,182,507
b
Average of monthly cash balances.......................
1b
199,589
c
Fair market value of all other assets (see instructions)................
1c
651,826
d
Total (add lines 1a, b, and c).........................
1d
5,033,922
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
5,033,922
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
75,509
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,958,413
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
247,921
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
247,921
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
4,907
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,907
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
243,014
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
243,014
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
243,014
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
84,252
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
84,252
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 7 243,014
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......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 89,322
f Total of lines 3a through e ........ 89,322
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 84,252
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..... 84,252
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 89,322 89,322
(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  
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 .......... 		69,440
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) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
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)
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).)
Maria E Spirakus
Noah Spirakus
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)
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

FUERZA VOLLEYBALL CLUB

2835 W CALLE DEL NORTE
CHANDLER,AZ85224 		N/A PC General & Unrestricted 57,250
Total .................................right arrow 3a 57,250
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 ........... 		    14 9,307  
4 Dividends and interest from securities ....     14 248,151  
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 ............ 		    18 135,436  
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) ..   392,894  
13Total. Add line 12, columns (b), (d), and (e)..................
13
392,894
(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:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

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TY 2024 DepreciationSchedule
Name:
Artemis Family Foundation
EIN:
87-3955273
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpStockSchedule
Name:
Artemis Family Foundation
EIN:
87-3955273
Name of Stock End of Year Book Value End of Year Fair Market Value
A10 NETWORKS INC 1,891 2,337
ABBOTT LABS 13,700 14,704
ABBVIE INC 11,085 11,728
ACCENTURE PLC 8,347 9,850
ADOBE SYSTEMS, INC 7,028 8,004
AFLAC INC 9,616 14,482
AIR PRODS & CHEM INC 16,830 17,402
ALBEMARLE CP 13,730 6,370
ALLETE INC 3,784 4,342
ALPHABET INC CL A 14,272 28,395
ALPHABET INC CL C 26,180 43,039
ALPS/SMITH TOTAL RETURN BOND F 799,999 798,323
AMAZON COM 41,494 76,348
AMCOR LTD ORD SHS 4,332 3,783
AMERICAN WOODMARK CORP 2,959 2,386
AMN HEALTHCARE SERVICES INC 1,844 502
APPLE INC 93,619 154,760
ATMOS ENERGY CORP 14,080 16,991
AUTOMATIC DATA PROCESSING INC 10,175 13,173
BANK OF AMERICA CORP 7,640 10,548
BERKSHIRE HATHAWAY INC. CLASS 25,940 33,996
BLACKROCK INC 4,079 5,126
BOISE CASCADE COMPANY 700 1,307
BOOKING HOLDINGS INC 3,542 4,968
BRADY CP CL A 4,170 5,391
BRISTOL-MYERS SQUIBB CO 4,638 3,676
BROADCOM INC 14,348 39,413
BROWN & BROWN INC 6,125 10,712
BROWN FORMAN CORP CL B 16,486 10,862
BUCKLE INC 3,969 5,589
C H ROBINSON WORLDWIDE INC 14,726 20,561
CABOT CP 3,197 3,470
CAL-MAINE FOODS, INC 3,688 6,896
CAPITAL ONE FINANCIAL CORP 2,018 2,496
CARDINAL HEALTH INC 4,056 6,268
CARGURUS INC 4,209 6,906
CATERPILLAR INC 8,568 13,059
CAVCO INDS INC DEL 3,066 4,909
CHARLES SCHWAB CORP 4,018 4,145
CHEVRON CORP 17,976 15,063
CHUBB LIMITED 12,889 15,473
CHURCH & DWIGHT 9,468 10,890
CINCINNATI FINANCIAL CORP 2,917 3,880
CINTAS CRP 8,902 14,616
CIRRUS LOGIC INC 1,869 2,390
CISCO SYSTEMS INC 5,438 6,571
CIVITAS SOLUTIONS INC 2,147 1,330
CLIFFWATER CORPORATE LENDING F 1,183,781 1,166,721
CLOROX CO 7,254 7,796
COCA COLA BOTTLING CONS 4,189 6,300
COLGATE-PALMOLIVE COMPANY 12,934 14,818
COMCAST CORP 4,785 4,804
COMMERCIAL METALS 2,177 2,232
CONOCOPHILLIPS 4,542 3,471
CONSOL ENERGY, INC 3,376 6,081
CONSOLIDATED EDISON INC 11,047 10,618
CORCEPT THERAPEUTICS INC 4,609 9,574
COSTCO WHOLESALE CORPORATION 9,375 15,577
DANAHER CORP 4,834 4,821
DIME COMMUNITY BANCSHARES INC 1,934 2,797
DORIAN LPG LTD 4,193 2,851
DOVER CORP 12,601 15,571
DYNAVAX TECHNOLOGIES CORP 4,199 4,929
EAGLE MATERIALS INC 1,144 1,974
ECOLAB INC 4,776 6,561
ELI LILLY & CO 16,443 25,476
EMERSON ELECTRIC CO 11,681 15,739
ENOVA INTERNATIONAL, INC 3,454 5,369
EOG RESOURCES INC 2,347 2,206
EPLUS, INC 3,713 3,325
ESSEX PRTY TR INC 7,456 9,705
EXELIXIS, INC. 1,908 3,663
EXP WORLD HOLD INC 5,422 5,087
EXPAND ENERGY CORP 4,096 4,978
EXPEDITORS INTL WASH INC 3,358 3,323
EXTREME NETWORKS, INC 4,315 5,692
EXXON MOBIL CORP 27,597 26,570
F.N.B CORPORATION 3,854 4,168
FEDERAL REALTY INVESTMENT TRUS 9,544 10,299
FEDEX CORPORATION 2,210 2,251
FORWARD AIR CORP 5,031 4,031
FRANKLIN RES INC 6,259 4,525
GEN DYNAMICS CP 6,911 7,905
GENUINE PARTS COMPANY 8,970 6,539
GILEAD SCIENCES INC 3,180 4,064
GOLDMAN SACHS GROUP 4,950 6,871
GRAINGER W W INC 6,651 11,595
GREEN BRICK PARTNERS INC 4,629 4,519
GUESS INC COM 2,909 1,575
HANNI FINANCIAL CORP 2,658 3,307
HARMONY BIOSCIENCES HLDG ORD S 5,193 5,368
HCC INS HLDGS INC 2,983 4,176
HELMERICH PAYNE 4,395 3,650
HF SINCLAIR CORPORATION 1,703 1,297
HONEYWELL INTL 4,629 5,195
HOPE BANCORP INC 2,715 3,318
HORMEL FOODS CP 3,499 2,698
ILLINOIS TOOL WORKS 12,875 13,692
INGREDION INC 3,799 4,539
INNOVATIVE INDUSTRIAL PROPERTI 3,982 2,799
INSIGHT ENTERPRISES, INC 3,570 2,890
INTERDIGITAL COMMUNICATIONS CO 5,302 9,492
INTERNATIONAL BUSINESS MACHINE 16,875 19,785
JACKSON FINANCIAL INC 3,496 5,747
JAZZ PHARMACEUTICALS INC 4,360 4,064
JOHNSON & JOHNSON 28,074 24,730
JP MORGAN CHASE 11,956 21,334
KB HOME 4,042 4,140
KENNAMETAL INC 3,484 3,387
KENVUE INC 7,914 8,113
KIMBERLY CLARK CORP 9,953 10,090
KORN FERRY INTL 1,694 2,226
KULICKE AND SOFFA INDUSTRIES, 2,200 2,053
LANTHEUS HOLDINGS INC 5,507 7,067
LIBERTY OILFIELD SVCS INC COM 5,038 4,694
LINDE PLC COM 10,566 12,141
LINDSAY CORP 4,904 4,851
LOUISIANA PACIFIC CP 1,175 2,175
LOWES COMPANIES INC 5,010 6,170
MASTERCARD INC 12,950 17,377
MATSON INC 2,449 5,259
MCCORMICK & CO 7,340 7,167
MCDONALD'S CORP 21,675 22,901
MEDIFAST INC 6,250 1,797
MEDTRONIC PLC 10,438 10,065
META PLATFORMS INC 28,093 50,354
MICROSOFT CORP 57,983 93,995
MILLERKNOLL LLC 3,873 2,892
MOVADO GROUP INC 2,058 1,555
MUELLER IND INC 3,037 7,142
MURPHY OIL CP HLDG 1,936 1,483
NEXTERA ENERGY, INC 12,789 12,402
NIKE INC-CL B 6,456 4,465
NMI HOLDINGS, INC 4,017 4,999
NORDSON CP 13,881 11,090
NUCOR CP 4,368 3,268
NVIDIA CORP 7,714 48,344
OLD NATIONAL BANCORP 2,108 3,299
OLYMPIC STEEL INC 1,940 1,247
OWENS CORNING 2,568 4,428
PBF ENERGY INC 1,524 1,035
PEABODY ENERGY CORP 5,404 4,502
PENTAIR INC. COM 5,661 11,272
PEPSICO INC 14,635 12,773
PHOTRONICS INC COM 2,685 3,935
PINNACLE FINANCIAL PARTNERS IN 1,057 2,288
PPG INDUSTRIES INC 8,602 7,764
PROCTER GAMBLE CO 13,549 15,089
PROVIDENT FINL SVCS INC 4,547 4,076
RANGE RESOURCES CORP DEL 4,371 5,001
REALTY INCOME CORP 8,239 7,317
REGENERON PHARMACEUTICALS INC 3,829 2,849
RELIANCE STL & ALMN 1,971 2,154
RESOURCES CONNECTION INC 2,145 1,134
ROPER INDUSTRIES 2,741 3,119
S&P GLOBAL INC COM 9,390 12,451
SANMINA-SCI CORPORATION 1,255 1,513
SELECTIVE INS GROUP INC 4,652 4,208
SHERWIN-WILLIAMS CO 3,858 5,779
SIGNET GROUP PLC SPONS ADR NAS 2,595 2,825
SIMMONS FIRST NATIONAL CORP 3,485 4,059
SM ENERGY COMPANY 1,638 2,093
SMITH A O CORP DEL COM 6,683 7,094
STANLEY BLACK & DECKER INC 4,824 4,737
SYNNEX CORP 3,496 3,988
SYSCO CORP 10,524 10,246
T. ROWE PRICE GROUP 3,070 3,053
TARGET CORPORATION 5,788 4,866
TAYLOR MORRISON HOME CORP 3,234 3,489
TEGNA 2,520 2,725
TEREX CORP 3,770 3,143
THE COCA-COLA CO 27,415 27,892
THE JM SMUCKER COMPANY 15,327 12,994
THOR INDS INC 2,462 2,871
TOLL BROTHERS INC 1,602 3,401
UFP INDUSTRIES 3,544 4,844
UNITED THERAPEUTICS CORP 4,723 7,057
UNITEDHEALTH GROUP INC 16,705 17,199
UPBOUND GROUP, INC 3,330 2,888
VARIANT ALTERNATIVE INCOME FUN 251,467 235,116
VERITEX HOLDINGS INC 2,382 3,504
VISA INC 17,180 22,439
VISTRA ENERGY CORP 3,236 8,824
WABASH NATIONAL CORP 4,139 2,535
WAL-MART STORES INC 4,684 8,403
WALKER & DUNLOP INC 3,026 3,014
WEST PHARMA SVCS INC 12,656 14,413
WESTLAKE CHEMICAL CORP 4,670 3,898
WINNEBAGO INDUSTRIES INC 3,226 2,580
WORTHINGTON INDUSTRIES INC 2,877 2,848
YELP INC 4,587 4,760

TY 2024 InvestmentsOtherSchedule2
Name:
Artemis Family Foundation
EIN:
87-3955273
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FLOWSTONE OPPORTUNITY FUND CLA   300,000 331,800
PARTNERS GROUP PRIVATE EQUITY   200,000 51,625
STARWOOD REAL ESTATE INCOME TR   422,644 376,089

TY 2024 OtherAssetsSchedule
Name:
Artemis Family Foundation
EIN:
87-3955273
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI - DIVINC - 8% - 12/31/2024   500,000 500,000


TY 2024 OtherExpensesSchedule
Name:
Artemis Family Foundation
EIN:
87-3955273
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 26,977     26,977
Bank Charges 82 82    
State or Local Filing Fees 25     25


TY 2024 OtherProfessionalFeesSchedule
Name:
Artemis Family Foundation
EIN:
87-3955273
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 38,955 38,955    


TY 2024 TaxesSchedule
Name:
Artemis Family Foundation
EIN:
87-3955273
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 3,100      
990-PF Excise Tax for 2023 8      
990-PF Extension for 2023 800      
Foreign Tax Paid 255 255