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
WALTMAR FOUNDATION
C/O LARRY BELTRAMO
Number and street (or P.O. box number if mail is not delivered to street address)20 CORPORATE PARK 160
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
IRVINE, CA92606
A Employer identification number

95-2371506
B Telephone number (see instructions)

(714) 628-7335
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$13,587,796J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 119,072 119,072  
4 Dividends and interest from securities... 227,318 227,318  
5a Gross rents............ 238,280 238,280  
b Net rental income or (loss) 167,707
6a Net gain or (loss) from sale of assets not on line 10 947,843
b Gross sales price for all assets on line 6a 5,494,445
7 Capital gain net income (from Part IV, line 2)... 947,843
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,106 156  
12 Total. Add lines 1 through 11........ 1,540,619 1,532,669  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 23,910 4,782   19,128
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
5,981 4,815   1,166
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
63,675 63,675   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
31,244 29,226   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
31,942 31,942  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
22,439 22,014   425
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 179,191 156,454   20,719
25 Contributions, gifts, grants paid....... 670,000 670,000
26 Total expenses and disbursements. Add lines 24 and 25 849,191 156,454   690,719
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 691,428
b Net investment income (if negative, enter -0-) 1,376,215
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............. 43,244 63,122 63,122
2 Savings and temporary cash investments......... 723,887 361,369 361,369
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) 1,443,170 Click to see attachment
List of Attached Documents:
// Content
1,268,643 		1,278,186
b Investments—corporate stock (attach schedule)....... 4,605,048 Click to see attachment
List of Attached Documents:
// Content
5,498,480 		6,982,852
c Investments—corporate bonds (attach schedule)....... 27,145 Click to see attachment
List of Attached Documents:
// Content
29,092 		33,806
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 558,000 558,000 558,000
13 Investments—other (attach schedule).......... 803,295 Click to see attachment
List of Attached Documents:
// Content
1,102,562 		1,659,961
14 Land, buildings, and equipment: basis right arrow1,967,827
Less: accumulated depreciation (attach schedule) right arrow833,349 1,178,649 Click to see attachment
List of Attached Documents:
// Content
1,134,478 		2,650,500
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,100 		Click to see attachment
List of Attached Documents:
// Content
182,030 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,383,538 10,197,776 13,587,796
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) Click to see attachment
List of Attached Documents:
// Content
16,106 		Click to see attachment
List of Attached Documents:
// Content
138,916
23 Total liabilities (add lines 17 through 22)......... 16,106 138,916
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........... 9,367,432 10,058,860
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)..... 9,367,432 10,058,860
30 Total liabilities and net assets/fund balances (see instructions). 9,383,538 10,197,776
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
9,367,432
2
Enter amount from Part I, line 27a .....................
2
691,428
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,058,860
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,058,860
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   2024-01-01 2024-12-31
b CAPITAL GAINS DIVIDENDS P 2024-01-01 2024-12-31
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,493,179   4,546,602 946,577
b 1,266     1,266
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       946,577
b       1,266
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 2 947,843
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 19,129
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 19,129
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 19,129
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 11,040
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,040
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 8,089
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
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 arrowNOT APPLICABLE
14
The books are in care ofright arrowMELANIE SHANE Telephone no.right arrow (714) 633-9945

Located atright arrowONE UNIVERSITY DRIVEORANGECA ZIP+4right arrow92866
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
RICHARD R SCHMID DIRECTOR
1.00 		0 0 0
ONE UNIVERSITY DRIVE
ORANGE,CA92866
LARRY BELTRAMO TREASURER
2.00 		0 0 0
ONE UNIVERSITY DRIVE
ORANGE,CA92866
DAVID W SCHMID PRESIDENT
2.00 		0 0 0
ONE UNIVERSITY DRIVE
ORANGE,CA92866
LAURA COOK DIRECTOR
0.50 		0 0 0
ONE UNIVERSITY DRIVE
ORANGE,CA92866
MELANIE SHANE EXECUTIVE DIR.
10.00 		23,910 0 0
ONE UNIVERSITY DRIVE
ORANGE,CA92866
DANIEL SCHMID SECRETARY
2.00 		0 0 0
ONE UNIVERSITY DRIVE
ORANGE,CA92866
STEVEN BELTRAMO DIRECTOR
1.00 		0 0 0
ONE UNIVERSITY DRIVE
ORANGE,CA92866
CATHERINE REEDER DIRECTOR
1.00 		0 0 0
ONE UNIVERSITY DRIVE
ORANGE,CA92866
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (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 arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
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 arrow0
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
9,758,175
b
Average of monthly cash balances.......................
1b
581,619
c
Fair market value of all other assets (see instructions)................
1c
3,208,500
d
Total (add lines 1a, b, and c).........................
1d
13,548,294
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
13,548,294
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
203,224
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,345,070
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
667,254
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
667,254
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
19,129
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
19,129
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
648,125
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
648,125
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
648,125
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
690,719
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
690,719
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 7 648,125
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 167,202
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: right arrow$ 690,719
a Applied to 2023, but not more than line 2a 167,202
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..... 523,517
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 .......... 		124,608
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)
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).)
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

COMPREHENSIVE CONTINUM OF SERVICES

1731 COLORADO AVE
TURLOCK,CA95382 		NONE PC TO PROVIDE SERVICES THAT ENHANCE THE QUALITY OF LIFE FOR THE DEVELOPMENTALLY DISABLED ADULTS IN STANISLAUS AND MERCED COUNTIES BY PROVIDING EDUCATIONAL AND RECREATIONAL OPPORTUNITIES. 4,000

HIGH SCHOOL INC ACADEMIES FOUNDATION

1801 S GREENVILLE ST
SANTA ANA,CA92704 		NONE PC TO EMPOWER YOUTH AND STRENGTHEN COMMUNITIES THROUGH EDUCATION AND BUSINESS PARTNERSHIPS. 4,000

HUNTINGTON BEACH TREE SOCIETY

16632 WELLINGTON
HUNTINGTON BEACH,CA92649 		NONE PC TO PURCHASE PLANTS AND SUPPLIES OF NATIVE/DROUGHT TOLERANT PLANTS TO BE PLANTED IN THE URBAN FOREST BY VOLUNTEERS IN AN EFFORT TO ENLARGE THE GREEN ENVIRONMENT AND EDUCATE THE PUBLIC ABOUT THE BENEFITS AND IMPORTANCE OF CALIFORNIA FRIENDLY PLANTS. 5,000

SAINT JOHN'S HEALTH CENTER FOUNDATION

2121 SANTA MONICA BLVD
SANTA MONICA,CA90404 		NONE PC FOR CANCER RESEARCH. 5,000

PROJECT COMMUNITY CONNECTIONS INC

302 DECATUR STREET SE
ATLANTA,GA30312 		NONE PC TO SUPPORT THE PERMANENT REHOUSING OF INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS. 5,000

JF SHEA THERAPEUTIC RIDING CENTER

26284 OSO ROAD
SAN JUAN CAPISTRANO,CA92675 		NONE PC IMPROVE THE LIVES OF PERSONS THROUGH THERAPEUTIC HORSE-RELATED PROGRAMS. 5,000

CHAPMAN UNIVERSITY

ONE UNIVERSITY DRIVE
ORANGE,CA92866 		NONE PC FOR THE SCHMID SCHOOL OF SCIENCE AND ENGINEERING SPEAKERS SERIES. 5,000

BIG BROTHERSSISTERS OF OC

14131 YORBA STREET SUITE 200
TUSTIN,CA92780 		NONE PC TO SUPPORT MENTOR/MENTEE EVENTS, COLLEGE AND CAREER/FINANCIAL WORKSHOPS IN ADDITION TO WRAPAROUND SERVICES TO SUPPORT COMMUNITY EFFORTS TO STRENGTHEN AND REBUILD SOCIAL CONNECTIONS TO COMBAT THE CURRENT MENTAL HEALTH CRISIS. 7,000

VOICES FOR CHILDREN

2851 MEADOW LARK DR
SAN DIEGO,CA92123 		NONE PC SUPPORT SOCIAL SERVICES AND YOUTH PROTECTION OF ABUSED, ABANDONED, OR NEGLECTED CHILDREN BY PROVIDING THEM WITH TRAINED, VOLUNTEER COURT APPOINTED SPECIAL ADVOCATES. 7,000

NDI NEW MEXICO

1140 ALTO STREET
SANTA FE,NM87501 		NONE PC FUNDING TO SUPPORT SERVICES FOR CHILDREN THROUGHOUT NEW MEXICO THROUGH THE PUBLIC SCHOOL SYSTEM, OFFERING CHARACTER AND LIFE SKILLS AS WELL AS DANCE INSTRUCTION. 10,000

FAMILIES TOGETHER OF ORANGE COUNTY

661 W 1ST STREET G-2
TUSTIN,CA92780 		NONE PC PROVIDING HEALTHCARE TO UNDERSERVED COMMUNITIES 10,000

BOYS AND GIRLS CLUB OF GARDEN GROVE

10540 CHAPMAN AVENUE
GARDEN GROVE,CA92840 		NONE PC FUNDS FOR THE NEW TEEN CENTER, INCLUDING CURRICULUM AND EDUCATIONAL MATERIALS AND TRANSPORTATION SUPPORT FOR MEMBERS. THIS PROGRAM WILL ALLOW TEENS FROM LOCAL HIGH SCHOOLS TO PARTICIPATE IN PROGRAMS THAT WILL BUILD CHARACTER AND LEADERSHIP, AS WELL AS PROVIDE ACADEMIC SUPPORT AND CREATE WORKFORCE DEVELOPMENT PROGRAMS. 13,000

CYPRESS COLLEGE

9200 VALLEY VIEW STREET
CYPRESS,CA90630 		NONE PC SUPPORT FOR STUDENT SCHOLARSHIPS. 15,000

SANTIAGO CANYON COLLEGE

8045 EAST CHAPMAN AVE
ORANGE,CA92869 		NONE PC SUPPORT FOR STUDENT SCHOLARSHIPS. 15,000

SANTA ANA COLLEGE

1530 WEST 17TH STREET
SANTA ANA,CA92706 		NONE PC SUPPORT FOR STUDENT SCHOLARSHIPS. 15,000

FULLERTON COLLEGE FOUNDATION

321 EAST CHAPMAN AVE
FULLERTON,CA92832 		NONE PC SUPPORT FOR STUDENT SCHOLARSHIPS. 15,000

ORANGE COAST COLLEGE FOUNDATION

2701 FAIRVIEW ROAD
COSTA MESA,CA92626 		NONE PC SUPPORT FOR STUDENT SCHOLARSHIPS. 15,000

IRVINE VALLEY COLLEGE FOUNDATION

5500 IRVINE CENTER DRIVE
IRVINE,CA92618 		NONE PC SUPPORT FOR STUDENT SCHOLARSHIPS. 15,000

GOLDEN WEST COLLEGE

15744 GOLDEN WEST ST
HUNTINGTON BEACH,CA92647 		NONE PC SUPPORT FOR STUDENT SCHOLARSHIPS. 15,000

OVERBROOK SCHOOL FOR THE BLIND

6333 MALVERN AVENUE
PHILADELPHIA,PA19151 		NONE PC TO DEVELOP AND DELIVER EDUCATION THAT ENHANCES THE OPTIONS AVAILABLE FOR PERSONS WITH VISUAL INPAIRMENTS, INCLUDING THOSE WITH ADDITIONAL CHALLENGES, SO THAT THEY THE GREATEST OPPORTUNITY TO EXPERIENCE ACTIVE AND FULFILLING LIVES. 18,000

BOYS AND GIRLS CLUB OF TUSTIN

580 W SIXTH STREET
TUSTIN,CA92780 		NONE PC TO SUPPORT THE EDUCATION CENTER'S ACADEMIC SUCCESS ACTIVITIES. 19,000

BOYS AND GIRLS CLUB OF BUENA PARK

7758 KNOTT AVENUE
BUENA PARK,CA90620 		NONE PC TO SUPPORT THE CLUB'S YOUTH DEVELOPMENT SERVICES AND PROGRAMS WHICH OFFER A WIDE RANGE OF EVIDENCE-BASED, AGE-APPROPRIATE PREVENTION AND INTERVENTION YOUTH DEVELOPMENT PROGRAMS SERVING MORE THAN 1,600 SOCIOECONOMICALLY DISADVANTAGED YOUTH EACH YEAR. 19,000

GOODWILL INDUSTRIES

410 NORTH FAIRVIEW STREET
SANTA ANA,CA92703 		NONE PC TO SUPPORT THE ASSISTED TECHNOLOGY EXCHANGE CENTER (ATEC), WHICH AIDS PEOPLE OF ALL AGES WHO HAVE DISABLING CONDITIONS TO OVERCOME BARRIERS THROUGH THE USE OF ASSISTIVE TECHNOLOGY AND AUGMENTATIVE AND ALTERNATIVE COMMUNICATION TECHNOLOGY. 20,000

THE FRIENDLY CENTER

147 WEST ROSE STREET
ORANGE,CA92867 		NONE PC TO PROVIDE SUPPORT FOR THE COMMUNITY RESOURCE CENTER IN BUENA PARK, CA, LOCATED IN AN UNDERSERVED AREA OF THE CITY. THE TWO PROGRAMS' PILLARS OFFERED TO LOW-INCOME RESIDENTS FALL INTO TWO CATEGORIES: STABILITY AND SKILL-BUILDING. 21,000

SECOND HARVEST FOOD BANK OF ORANGE COUNTY

8014 MARINE WAY
IRVINE,CA92618 		NONE PC DISTRIBUTION OF FOOD TO UNDERSERVED COMMUNITIES. 22,000

CHOC CHILDREN'S FOUNDATION

505 S MAIN STREET
ORANGE,CA92868 		NONE PC TO HELP SUSTAIN AND GROW THE 2021 CHOC RESIDENT DOG PROGRAM. A CHILD LIFE SPECIALIST WORKS ALONGSIDE THE RESIDENT DOG TO MEET SPECIFIC INDIVIDUALIZED TREATMENT GOALS FOR SICK AND INJURED PATIENTS. 25,000

BOYS AND GIRLS CLUB OF STANTON

11050 CEDAR STREET
STANTON,CA90680 		NONE PC FUNDS USED TO SUSTAIN AND HELP GROW THE COLLEGE BOUND INITIATIVE AT THE CLUB IN STANTON, WHICH PROVIDES A PATHWAY TO COLLEGE AVAILABLE TO ALL YOUNG PEOPLE 7TH-12TH GRADE. 25,000

NOVA ACADEMY

920 WEST 17TH STREET
SANTA ANA,CA92706 		NONE PC FOR THE NOVA ACADEMY'S STEM ENHANCEMENT PROGRAM TO EXPAND ITS AVAILABLE COURSE OFFERINGS, PROVIDING SPECIALIZED TEACHER TRAINING IN EFFECTIVE INSTRUCTION OF STEM CONTENT, AND EXPANDING THE INTEGRATED STUDENT SUPPORTS AND EDUCATIONAL RESOURCES AVAILABLE TO STUDENTS ACROSS OF VARIETY OF STEM SUBJECTS. 42,000

BOY SCOUTS OF ORANGE COUNTY

3590 HARBOR GATEWAY NORTH
COSTA MESA,CA92626 		NONE PC FOR CAMPERSHIPS AND SCHOLARSHIPS FOR UNDERSERVED AND LOW-INCOME YOUTH IN ORANGE COUNTY TO PARTICIPATE IN YEAR-ROUND OUTDOOR EDUCATION PROGRAMS, WITH ACTIVITIES THAT FOCUS ON LEADERSHIP, EDUCATION, SERVICE AND ADVENTURE. 42,000

SALVATION ARMY

710 SOUTH MAIN STREET
SANTA ANA,CA92701 		NONE PC TO PROVIDE WRAP-AROUND SERVICES FOR VICTIMS OF HUMAN TRAFFICKING. THE PROGRAM'S GOAL IS TO LOCATE, RESCUE, AND RESTORE VICTIMS OF LABOR AND SEX TRAFFICKING, FOREIGN AND DOMESTIC, ADULT AND MINOR, IN AND/OR LIVING IN ORANGE COUNTY, CA. 51,000

OLIVE CREST

2130 EAST 4TH STREET STE 200
SANTA ANA,CA92705 		NONE PC TO SUPPORT OLIVE CREST'S PRIVATE FOSTER/ADOPTION PROGRAM IN ORANGE COUNTY. 72,000

INTERVAL HOUSE

PO BOX 3356
SEAL BEACH,CA92626 		NONE PC SUPPORT FOR KEY LIFE-SAVING PROGRAMS TO SERVE THE MOST CULTURALLY UNDERSERVED, DISENFRANCHISED, AND DESTITUTE WOMEN, CHILDREN AND FAMILIES AFFECTED BY DOMESTIC VIOLENCE. 109,000
Total .................................right arrow 3a 670,000
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		    14 119,072  
4 Dividends and interest from securities ....     14 227,318  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 167,707  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 8,106  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 947,843  
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 1,470,046 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,470,046
(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

TY 2024 AccountingFeesSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 5,829 4,663   1,166
ACCOUNTING FEES 152 152   0

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TY 2024 AmortizationSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
LEASE COMMISSION 2019-01-01 122,288 61,145 120.000000000000 12,229 12,229   73,374

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TY 2024 DepreciationSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BUILDING 2001-03-10 1,245,739 728,033 SL 39.000000000000 31,942 31,942    
LAND 2001-03-10 599,800   L   0 0    

TY 2024 InvestmentsCorpBondsSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Name of Bond End of Year Book Value End of Year Fair Market Value
ALBERTSONS INC 7.45% 12,596 15,469
SHOPIFY INC. 5,932 7,117
ALLY FINL INC 4.7% 10,564 11,220

TY 2024 InvestmentsCorpStockSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Name of Stock End of Year Book Value End of Year Fair Market Value
ALLY FINANCIAL INC 26,299 43,212
GRUPO FINC INBURSA 23,370 41,685
VERIZON COMMUNICATIONS 36,106 42,309
SCHEIN HENRY INC 46,503 48,440
HELMERICH & PAYNE 41,897 42,587
METLIFE INC 29,399 48,309
AMBEV SA 55,213 48,100
CITIGROUP INC 33,983 47,795
SCHLUMBERGER LTD 46,363 46,353
HALLIBURTON CO 46,194 46,087
BAKER HUGHES COMPANY 46,359 46,065
SOUTHWEST AIRLINES 37,144 42,933
ARCOS DORADOS HLDGS 40,313 45,864
LIBERTY GLOBAL 32,319 44,660
BARINGS BDC INC 36,969 43,065
POWERFLEET INC 28,627 41,225
ALCOA CORP 37,945 44,429
FIVE POINT HOLDINGS 50,755 44,226
PENSKE AUTOMOTIVE 10,248 41,159
REPAY HOLDINGS CORP 28,451 32,046
VONTIER CORP 22,992 40,117
TEVA PHARMACEUTICAL 13,109 33,060
ARDAGH METAL PACKAGING 77,718 33,110
FIRST PACIFIC COMP 30,132 33,215
FAIRFAX INDIA HOLDINGS 29,358 33,608
BRIGHTSPIRE CAPITAL INC 37,142 33,840
PERDOCEO ED CORP 15,480 34,411
PATTERSON COMPANIES 78,938 96,592
DEVON ENERGY CORP NEW 42,380 35,054
GREAT LAKES DREDGE 19,007 35,507
SIRIUSXM HOLDINGS 41,399 41,040
TELEPHONE & DATA SYS 7,242 36,668
PEOPLES BANCORP INC 28,454 38,345
SEABOARD CORP 49,961 38,875
JOHNSON & JOHNSON 37,037 39,047
AUTONATION INC 8,382 39,063
CARNIVAL CP 16,156 39,374
OCCIDENTIAL PETROLEUM CORP 41,894 39,824
ALGONQUIN POWER & UTILITIES 53,969 48,950
FIRST HORIZON CORP 25,401 39,877
ORANGE NEW 41,844 39,880
NOBLE CORP 37,590 36,738
JBG SMITH PROPERTIES REIT 57,536 49,184
SONOCO PRODUCTS 55,240 54,712
CANNAE HOLDINGS 50,378 49,650
BROOKFIELD BUSINESS 53,144 63,076
DARLING INGREDIENTS 81,221 64,685
MERCEDES BENZ 47,965 65,629
LKQ CORP 69,266 66,150
O-I GLASS INC 88,336 68,292
PARK OHIO HOLDINGS 56,480 68,302
BANK OF NY MELLON 32,312 69,147
CK HUTCHISON HOLD ORDF 97,389 69,464
BASF SE ORD 65,339 69,600
FLAGSTAR FINANCIAL 80,905 69,975
JEFFERIES FINL 19,810 70,560
SUMITOMO CORP ORD 41,233 70,950
GROUPE BRUXELLES 80,579 73,176
RUSH ENTERPRISES CL A 16,341 75,336
ALBERTSONS 68,086 77,578
CALIFORNIA RESOURCES 67,651 83,024
VALERO ENERGY CORP 36,892 84,587
ING GROEP NV ADR 46,179 90,729
METLIFE 27,112 85,483
CARLYLE GROUP 36,570 62,355
BERKSHIRE HATHAWAY INC 16,994 91,563
ORGANON & CO 69,895 61,172
PBF ENERGY INC 57,146 61,065
BGC GROUP INC 50,570 49,830
OAKTREE SPECIALTY LENDING 50,849 51,952
ITOCHU CORPORATION ORD F 13,158 52,470
ALIBABA GROUP HOLDING 76,636 52,570
PROSPERITY BANCSHARE 38,926 53,649
ARCELORMITTAL CL A 28,663 54,286
MARINEMAX INC 30,588 31,845
FORWARD AIR CORP 51,520 54,825
BROOKFIELD CORP 15,247 55,726
CROWN HOLDINGS 36,692 49,614
STATE STREET CORP 38,439 55,946
AT&T INC 36,101 56,401
PRUDENTIAL FINANCIAL 21,172 57,250
BAYER AG 96,164 57,348
NCR VOYIX CORP 50,130 57,436
ELANCO ANIMAL HEALTH INC 60,209 58,855
FORD MOTOR COMPANY 56,514 59,400
QUIDELORTHO CORP 77,230 59,697
VERIZON COMMUNICATION 58,215 59,985
COMCAST CORP 59,564 60,048
CLEVELAND CLIFFS 35,587 56,287
MOLSON COORS BEVERAGE 27,964 31,526
GREENLIGHT CAPITAL 21,885 29,400
BOSTON OMAHA CORP 31,341 31,196
CORENERGY 10,312 1,139
TENET HEALTHCARE 449 3,787
KROGER CO 2,246 4,403
SCORPIO TANKERS INC 1,659 6,460
SEATRIUM LIMITED 7,900 6,655
KEMPER CORP 6,659 6,760
BANK SIERRA PORTERVILLE 17,345 31,523
OMNIAB INC 9,967 9,912
GENERAL MOTORS COMPANY 90,541 164,817
BANK OF AMERICA CORP 54,753 193,600
COMMUNITY WEST BANCSHARE 10,314 19,757
ONEWATER MARINE 36,114 22,594
INSPIRED ENTERTAINMENT 21,120 22,625
CK HUTCHISON HOLDINGS 50,506 22,833
BRIGHTHOUSE FINL 17,164 24,981
INTERNATIONAL SEAWAYS 15,369 25,158
LESLIES INC 64,475 25,645
PAYSAFE 25,771 25,650
GREIF INC 14,821 26,281
ARGO GROUP 24,735 26,458
LUCKY STRIKE ENTERTAINMENT 27,576 27,027
ARDMORE SHIPPING CO 5,064 20,655
CHEMOURS CO 28,426 27,040
GOODYEAR TIRE & RUBBER CO 32,198 27,864
DIGITALBRIDGE GROUP INC REIT 41,410 28,155
HAMILTON INS GROUP 27,029 28,545
VESTIS CORP TOTAL 23,377 28,956
UNITED STATES STEEL CORP 23,895 112,813
CABLE ONE INC 104,299 85,822
PROLOGIS INC 33,550 105,700
LIBERTY BROADBAND CO 23,375 29,744
BAUSCH HEALTH COS INC 45,751 29,822
COCA-COLA EURO 15,040 30,724
SIRIUSPOINT LTD 34,614 118,008
ALLIANZ SE ADR 50,450 161,228
JARDINE MATHESON 91,686 90,134
SCE TRUST V 5.45% 18,774 18,450
AERSALE CORP 8,819 11,340
PETERSHILL PARTNER 11,806 11,795
REGIONS FINANCIAL CORP NEW 49,799 149,352
ALPHABET INC 5,699 12,115
FULL HOUSE RESORTS 14,369 12,444
JPMORGAN CHASE & CO 1,904 12,944
TWO HARBORS 7.625% 14,215 13,842
FTAI AVIATION 18,012 18,707
AMERICAN NTN 8.432% PFD 13,295 15,120
LIBERTY LATIN AMERICA 38,226 14,487
GILEAD SCIENCES 10,362 16,165
FOOT LOCKER INC 16,644 16,233
WARNER BROTHERS DISCOVER 173,653 147,980
FAIRFAX FINANCIAL 3,323 16,697
1-800-FLOWERS.COM INC 13,606 17,051
QEP CO INC 7,049 17,085
VERITONE INC 15,560 18,040

TY 2024 InvestmentsGovtObligationsSch
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
US Government Securities - End of Year Book Value:

1,268,643
US Government Securities - End of Year Fair Market Value:

1,278,186
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
FEDERATED HERMES GOVT OBL AVR FMV 92,253 92,253
GOLDMAN SACHS ACCESS TRE FMV 257,229 257,594
PIEDMONT OFFICE REAL REIT FMV 57,509 61,305
PITNEY BOWES INC FMV 6,088 7,448
ALEXANDER & BALDWIN FMV 7,947 8,870
ALGONQUIN POWER FMV 9,729 10,088
B RILEY FINANCIAL FMV 17,891 10,795
SCORPIO TANKERS IN 7% FMV 12,038 12,062
GOLDMAN SACHS ACCESS U/SHORT FMV 85,092 84,805
PENNYMAC MOR 8.125% FMV 16,675 16,515
ORION OFFICE REIT FMV 62,600 27,454
FRANKLIN STREET PROP REIT FMV 48,569 29,280
VORNADO REALTY TRUST FMV 9,158 29,428
LAMAR ADVERTISING FMV 23,153 34,696
PARK HOTELS & RESORTS INC REIT FMV 46,468 51,496
UMH PROPERTIES INC. FMV 39,797 54,752
SUN COMMUNITIES REIT FMV 25,458 27,053
ISHARES RUSSELL 2000 ETF FMV 284,908 844,067

TY 2024 LandEtcSchedule2
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDING 1,245,739 759,975 485,764  
LAND 599,800 0 599,800  
LEASE COMMISSION 122,288 73,374 48,914  


TY 2024 OtherAssetsSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INTEREST AND DIVIDENDS RECEIVABLE 1,100 2,491 0
UNSETTLED STOCK SALES 0 179,539 0


TY 2024 OtherExpensesSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REGISTRY OF CHARITABLE TRUSTS 100 100   0
MISCELLANEOUS EXPENSES 31 6   25
ACCRUED BOND INTEREST 2,361 2,361   0
DUES 500 100   400
MANAGEMENT FEES 6,000 6,000   0
INSURANCE 203 203   0
BANK CHARGES 265 265   0
MAINTENANCE 750 750   0
AMORTIZATION 12,229 12,229   0


TY 2024 OtherIncomeSchedule2
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INVESTMENT INCOME 8,106 156 8,106


TY 2024 OtherLiabilitiesSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Description Beginning of Year - Book Value End of Year - Book Value
STOCK SETTLEMENT LIABILITY 16,106 138,916


TY 2024 OtherProfessionalFeesSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MORGAN STANLEY - INVESTMENT FEES 33,660 33,660   0
CHARLES SCHWAB - INVESTMENT FEES 30,015 30,015   0


TY 2024 TaxesSchedule
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 10,194 10,194   0
FEDERAL EXCISE TAXES 2,018 0   0
TAXES 19,032 19,032   0