TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
THE ZANELLI FAMILY FOUNDATION
C/O CBIZ

Number and street (or P.O. box number if mail is not delivered to street address)68 SOUTH SERVICE ROAD 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MELVILLE, NY11747

A Employer identification number

35-7032081

B Telephone number (see instructions)

(817) 480-5538

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$1,397,496J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	49,881		49,580
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		23,735
b	Gross sales price for all assets on line 6a 334,596
7	Capital gain net income (from Part IV, line 2)...			23,735
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).......	List of Attached Documents: // Content	13	13
12	Total. Add lines 1 through 11........	73,629		73,328
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	2,500	1,250	1,250
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	14,221	14,221	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	5,795	5,795	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	22,516		21,266	1,250
25	Contributions, gifts, grants paid.......	6,500			6,500
26	Total expenses and disbursements. Add lines 24 and 25	29,016		21,266	7,750
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	44,613
b	Net investment income (if negative, enter -0-)			52,062
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............		-3	-3
	2	Savings and temporary cash investments.........	132,172	113,509	113,509
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	394,495	List of Attached Documents: // Content 368,320	431,280
	c	Investments—corporate bonds (attach schedule).......	561,397	List of Attached Documents: // Content 642,163	635,453
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	195,845	List of Attached Documents: // Content 203,260	214,661
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 1,323	List of Attached Documents: // Content 2,596	List of Attached Documents: // Content 2,596
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,285,232	1,329,845	1,397,496
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,482,415	1,482,415
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	-197,183	-152,570
	29	Total net assets or fund balances (see instructions).....	1,285,232	1,329,845
	30	Total liabilities and net assets/fund balances (see instructions).	1,285,232	1,329,845

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

1,285,232

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

44,613

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

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

1,329,845

Decreases not included in line 2 (itemize) right arrow

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

1,329,845

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	ST COVERED SECURITIES		2024-01-01	2024-12-31
b	LT COVERED SECURITIES		2024-01-01	2024-12-31
c	LT NONCOVERED SECURITIES		2024-01-01	2024-12-31
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	301,023	283,897	17,126
b	15,059	9,776	5,283
c	18,490	17,188	1,302
d	24		24
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			17,126
b			5,283
c			1,302
d			24
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	23,735
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	724
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	724
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	724
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	143
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	143
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	29
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	610
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

LISA ZANELLI-NYHUIS Telephone no. right arrow

(516) 992-5900

Located at right arrow

CBIZ 68 SOUTH SERVICCE ROAD SUITE300MELVILLENY ZIP+4 right arrow

11747

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

Yes

If "Yes," list the years right arrow

2023, 2022, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

Yes

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
RAYE-LANI NYHUIS	TRUSTEE 2.00	0	0	0
4308 TRANQUILITY DRIVE FORT WORTH,TX76244	TRUSTEE 2.00	0	0	0
LISA ZANELLI-NYHUIS	TRUSTEE 2.00	0	0	0
12040 ERIN LANE FORT WORTH,TX76179	TRUSTEE 2.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

1,232,702

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

122,050

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

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

1,354,752

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

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

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

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

1,354,752

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

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

20,321

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

1,334,431

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

66,722

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

66,722

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

724

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

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

724

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

65,998

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

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

65,998

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

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

65,998

Part XI

Qualifying Distributions (see instructions)

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

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

7,750

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

7,750

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				65,998
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			59,396
b Total for prior years:2022, 20, 20		11,950
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: $ 7,750
a Applied to 2023, but not more than line 2a			7,750
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.....				0
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 ..........		11,950
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 ...........		11,950
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............			51,646
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				65,998
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

RAYE-LANI NYHUIS

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
EL PASO ART ASSOCIATION 500 W PAISANO DR EL PASO,TX79901		PC	TO FURTHER DONEE'S EXEMPT PURPOSE	2,000
SECOND CHANCE WILDLIFE RESCUE 635 COUNTRY CLUB ROAD EL PASO,TX79932		PC	TO FURTHER DONEE'S EXEMPT PURPOSE	1,000
SPECIAL OLYMPICS MINNESOTA 900 2ND AVE S 300 MINNEAPOLIS,MN55402		PC	TO FURTHER DONEE'S EXEMPT PURPOSE	1,500
ST JUDES 262 DANNY THOMAS PLACE MEMPHIS,TN38105		PC	TO FURTHER DONEE'S EXEMPT PURPOSE	2,000
Total ................................. 3a				6,500

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	49,881
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 .....			14	13
8 Gain or (loss) from sales of assets other than inventory ............			18	23,735
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		73,629	0

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

73,629

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

THE ZANELLI FAMILY FOUNDATION

C/O CBIZ

EIN:

35-7032081

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CBIZ ADVISORS LLC	2,500	1,250		1,250

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

THE ZANELLI FAMILY FOUNDATION

C/O CBIZ

EIN:

35-7032081

Name of Bond	End of Year Book Value	End of Year Fair Market Value
13,000 SHS FISERV INC	13,514	13,229
14,000 SHS EXPEDIA GROUP INC	13,090	12,909
14,000 SHS CSX CORP	13,258	13,103
13,000 SHS TOYOTA MOTOR CREDIT CORP	13,020	12,644
14,000 SHS AT&T INC	14,136	14,056
14,000 SHS WASTE MANAGEMENT INC	14,444	13,735
13,000 SHS CISCO SYSTEMS INC	13,311	12,953
14,000 SHS DELL INT LLC/EMC CORP	14,303	13,966
14,000 SHS ANHEUSER-BUSCH INBEV WOR	14,258	13,836
14,000 SHS USD NUTRIEN LTD	14,306	13,905
15,000 SHS TARGET CORP	14,638	14,259
15,000 SHS OCCIDENTAL PETROLEUM COR	14,984	14,590
17,000 SHS DOMINION ENERGY INC	14,054	14,148
16,000 SHS UNION PACIFIC CORP	14,108	13,877
15,000 SHS AFLAC INC	14,129	14,091
14,000 SHS GEORGIA POWER CO	14,127	13,710
17,000 SHS TRUIST FINANCIAL CORP	14,147	14,512
17,000 SHS SIMON PROPERTY GROUP INC	14,202	14,460
14,000 SHS REPUBLIC SERVICES INC	14,171	13,968
15,000 SHS META PLATFORMS INC	14,209	13,940
14,000 SHS KLA-TENCOR CORP	13,972	13,658
14,000 SHS THERMO FISHER SCIENTIFIC	14,367	13,907
17,000 SHS COMCAST CORP	14,258	14,219
15,000 SHS AON CORP	14,292	14,243
15,000 SHS CENTENE CORP	14,353	14,186
15,000 SHS GENERAL MOTORS FINL CO	14,402	14,486
15,000 SHS GENERAL DYNAMICS CORP	14,468	14,163
15,000 SHS GOLDMAN SACHS GROUP INC	15,166	15,951
17,000 SHS TJX COS INC	14,010	13,905
14,000 SHS RAYTHEON TECH CORP	14,206	13,882
14,000 SHS AMERIPRISE FINANCIAL INC	13,889	13,455
16,000 SHS CAMPBELL SOUP CO	13,838	14,038
15,000 SHS US BANCORP	13,505	13,745
13,000 SHS METLIFE INC	13,477	13,138
16,000 SHS EQUINIX INC	13,523	13,770
16,000 SHS MARRIOTT INTERNATIONAL	13,849	13,977
15,000 SHS AMERICAN HONDA FINANCE	13,526	13,533
14,000 SHS FIFTH THIRD BANCORP	13,595	13,716
13,000 SHS LYB INT FINANCE III	13,557	13,124
16,000 SHS DUKE ENERGY CORP	13,614	13,661
13,000 SHS PHILIP MORRIS INTL INC	13,572	13,367
12,000 SHS KINDER MORGAN INC	13,506	13,633
15,000 SHS T-MOBILE USA INC	13,683	13,599
16,000 SHS NEWMONT CORP	13,786	13,818
14,000 SHS AUTOZONE INC	13,833	13,542
13,000 SHS UNITED PARCEL SERVICE	13,507	12,846

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

THE ZANELLI FAMILY FOUNDATION

C/O CBIZ

EIN:

35-7032081

Name of Stock	End of Year Book Value	End of Year Fair Market Value
192 SHS PFIZER INC	5,175	5,094
27 SHS UNITED PARCEL SVC CL B	4,404	3,405
8 SHS CHIPOTLE MEXICAN GRILL	366	482
24 SHS BROADCOM INC	2,748	5,564
10 SHS MASTERCARD INC	4,217	5,266
7 SHS NETFLIX COM INC	3,296	6,239
16 SHS TESLA INC	4,371	6,461
151 SHS TOTALENERGIES SE	9,884	8,230
14 SHS UBER TECHNOLOGIES INC	885	844
297 SHS AMCOR PLC REG	2,859	2,795
101 SHS GILEAD SCIENCES INC COM	7,643	9,329
58 SHS CHEVRON CORP	8,860	8,401
116 SHS XCEL ENERGY INC	6,731	7,832
2 SHS REGENERON PHARMACTCLS	1,728	1,425
104 SHS COCA COLA COM	6,531	6,475
143 SHS SANOFI ADR	6,894	6,897
199 SHS KENVUE INC	4,184	4,249
2 SHS MERCADOLIBRE INC	3,240	3,401
41 SHS CANADIAN IMPERIAL BANK	1,919	2,592
61 SHS ENTERGY CORP NEW	3,102	4,625
224 SHS AT&T	3,711	5,100
144 SHS TRUIST FINL CORP	5,396	6,247
61 SHS AMAZON COM	9,094	13,383
58 SHS PHILIP MORRIS INTL INC	5,498	6,980
69 SHS APPLE INC	14,706	17,279
28 SHS MICROSOFT CORP	10,391	11,802
239 SHS VERIZON COMMUNICATNS COM	8,960	9,558
53 SHS DUKE ENERGY CORP NEW	5,148	5,710
18 SHS META PLATFORMS INC	6,062	10,539
122 SHS NATIONAL GRID PLC SHS	7,892	7,249
132 SHS NVIDIA	6,478	17,726
59 SHS WILLIAMS COMPANIES DEL	2,048	3,193
221 SHS ENBRIDGE INC	7,829	9,377
80 SHS LYONDELLBASELL INDUSTRIE	7,610	5,942
6 SHS ELI LILLY & CO	3,402	4,632
174 SHS US BANCORP	7,848	8,322
49 SHS SOUTHERN COMPANY	3,454	4,034
37 SHS PNC FINCL SERVICES GROUP	5,716	7,135
49 SHS ALPHABET INC	6,567	9,332
117 SHS PPL CORPORATION	3,126	3,798
151 SHS TC ENERGY CORP	5,329	7,026
55 SHS AMN ELEC POWER CO	4,572	5,073
368 SHS HUNTNGTN BANCSHS INC MD	4,773	5,987
21 SHS AMGEN INC	5,809	5,473
1 SHS AUTOZONE INC	2,617	3,202
29 SHS ABBVIE INC	4,649	5,153
10 SHS DOORDASH INC REG SHS	1,035	1,678
19 SHS D R HORTON INC	2,949	2,657
5 SHS CONOCOPHILLIPS	569	496
10 SHS STARBUCKS CORP	929	913
5 SHS QUANTA SERVICES INC	1,137	1,580
7 SHS INTUITIVE SURGICAL INC	2,751	3,654
5 SHS SPOTIFY TECH S.A. REG	1,134	2,237
5 SHS EDWARDS LIFESCIENCES CRP	378	370
5 SHS SALESFORCE INC	1,725	1,672
31 SHS MORGAN STANLEY	3,017	3,897
2 SHS HUBSPOT INC	1,125	1,394
106 SHS REALTY INCM CRP MD PV$1.	5,795	5,661
20 SHS ORACLE CORP $0.01 DEL	2,037	3,333
8 SHS SHOPIFY INC CL A	681	851
3 SHS EATON CORP PLC	711	996
27 SHS PAYCHEX INC	3,474	3,786
2 SHS SYNOPSYS INC	1,096	971
3 SHS MCKESSON CORPORATION COM	1,297	1,710
2 SHS TRANSDIGM GROUP INC	1,977	2,535
3 SHS INTUIT INC	1,833	1,886
16 SHS AMPHENOL CORP CL A NEW	798	1,111
8 SHS ABBOTT LABS	844	905
48 SHS ALEXANDRIA REAL EST EQTS	5,725	4,682
5 SHS ALIBABA GROUP HOLDING LT	513	424
3 SHS APPLOVIN CORP COM	822	971
55 SHS BANK OF MONTREAL COM	5,107	5,338
4 SHS BERKSHIRE HATHAWAYINC	1,915	1,813
165 SHS BRISTOL-MYERS SQUIBB CO	8,071	9,332
38 SHS DIAGEO PLC SPSF ADR NEW	4,976	4,831
32 SHS EXXON MOBIL CORP COM	3,871	3,442
2 SHS FAIR ISAAC CORPORATION	2,978	3,982
4 SHS GOLDMAN SACHS GROUP INC	1,956	2,290
2 SHS HOME DEPOT INC	818	778
8 SHS INTL BUSINESS MACHINES	1,739	1,759
53 SHS JOHNSON AND JOHNSON COM	8,381	7,665
17 SHS KKR & CO INC	1,752	2,514
5 SHS MCDONALDS CORP COM	1,242	1,449
3 SHS NATERA INC SHS	504	475
16 SHS PAYPAL HOLDINGS INC SGS	1,279	1,366
34 SHS PEPSICO INC	5,892	5,170
55 SHS PROLOGIS INC	6,633	5,814
8 SHS TAIWAN S MANUFACTURING ADR	936	1,580
2 SHS THERMO FISCHER SCIENTIFIC	1,224	1,040
3 SHS UNION PACIFIC CORP	672	684
7 SHS VERTIV HLDG CO	656	795
11 SHS WALMART INC	1,015	994
31 SHS WEC ENERGY GROUP INC SHS	2,681	2,915
12 SHS 3M COMPANY	1,498	1,549
7 SHS TRADE (THE) DESK INC SHS	528	823
5 SHS PALO ALTO NETWORKS INC	614	910
13 SHS BLACKSTONE INC	1,860	2,241
4 SHS SERVICENOW INC	3,103	4,240
19 SHS ARISTA NETWORKS INC	1,117	2,100
8 SHS LAM RESEARCH CORP COM	623	578
2 SHS WW GRAINGER INCORP	1,643	2,108
4 SHS TRANE TECHNOLOGIES PLC	962	1,477

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

THE ZANELLI FAMILY FOUNDATION

C/O CBIZ

EIN:

35-7032081

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
VANGUARD VALUE ETF	AT COST	35,105	39,786
VANGUARD SMALL CAP VALUE	AT COST	6,591	7,333
VANGUARD SMALL CAP	AT COST	4,317	5,041
ISHARES TIPS	AT COST	2,691	2,664
VANGUARD GROWTH ETF	AT COST	22,502	29,962
INVESCO PREFERRED ETF	AT COST	1,875	1,856
VANGUARD INTERM-TERM	AT COST	11,250	11,020
ISHARES INC CORE MSCI	AT COST	10,114	10,392
VANGUARD SHORT-TERM	AT COST	12,621	12,716
VANGUARD SCOTTSDALE	AT COST	11,435	11,318
VANGUARD TOTAL INTERNATL	AT COST	14,145	13,832
INVESCO EMERGING MARKETS	AT COST	1,773	1,704
SCHWAB SHORT-TERM U.S.	AT COST	13,280	13,233
ISHARES 20+ YEAR	AT COST	11,482	10,218
ISHARES MBS ETF	AT COST	28,611	28,054
ISHARES TR CORE MSCI EAF	AT COST	15,468	15,532

- TIN:

TY 2024 OtherAssetsSchedule

Name:

THE ZANELLI FAMILY FOUNDATION

C/O CBIZ

EIN:

35-7032081

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DIVIDENDS RECEIVABLE	1,323	2,596	2,596

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

THE ZANELLI FAMILY FOUNDATION

C/O CBIZ

EIN:

35-7032081

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	13	13	13

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

THE ZANELLI FAMILY FOUNDATION

C/O CBIZ

EIN:

35-7032081

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
MERRILL LYNCH	14,221	14,221		0

- TIN:

TY 2024 TaxesSchedule

Name:

THE ZANELLI FAMILY FOUNDATION

C/O CBIZ

EIN:

35-7032081

Category	Amount	Net Investment Income
INTERNAL REVENUE SERVICES	5,085	5,085
NEW YORK STATE	250	250
FOREIGN TAX WITHHOLDING	460	460