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
Accelerated Learning Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)402 N 3rd St
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Fairfield, IA52556
A Employer identification number

38-3423350
B Telephone number (see instructions)

(641) 919-2466
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$1,161,356J 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 81 81 81
4 Dividends and interest from securities...      
5a Gross rents............ 166,110 58,627 166,110
b Net rental income or (loss) 75,763
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 41,544
b Less: Cost of goods sold.... 8,610
c Gross profit or (loss) (attach schedule)..... Click to see attachment
List of Attached Documents:
// Content
32,934 32,934
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,170 6,170 6,170
12 Total. Add lines 1 through 11........ 205,295 64,878 205,295
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
189 28 189  
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,625 994 6,625  
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
20 20 20  
17 Interest............... 33,107 31,544 33,107  
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
10,362 6,968 10,362  
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
28,892 14,441 28,892
20 Occupancy.............. 74,064 2,639 74,064  
21 Travel, conferences, and meetings....... 2   2  
22 Printing and publications.......... 7,945   7,945  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,626 758 7,283 4,343
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 172,832 57,392 168,489 4,343
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 172,832 57,392 168,489 4,343
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 32,463
b Net investment income (if negative, enter -0-) 7,486
c Adjusted net income (if negative, enter -0-)... 36,806
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............. 90,566 82,796 82,796
2 Savings and temporary cash investments......... 254 254 254
3 Accounts receivable right arrow37,201
Less: allowance for doubtful accounts right arrow   20,370 37,201 37,201
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).....   0  
7 Other notes and loans receivable (attach schedule) right arrow4,350
Less: allowance for doubtful accounts right arrow0 4,350 Click to see attachment
List of Attached Documents:
// Content
4,350 		4,350
8 Inventories for sale or use.............. 31,695 30,979 30,979
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 92,315 Click to see attachment
List of Attached Documents:
// Content
97,254 		97,254
14 Land, buildings, and equipment: basis right arrow1,183,627
Less: accumulated depreciation (attach schedule) right arrow275,105 933,005 Click to see attachment
List of Attached Documents:
// Content
908,522 		908,522
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,172,555 1,161,356 1,161,356
Liabilities 17 Accounts payable and accrued expenses.......... 18 0
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)...... 592,107 Click to see attachment
List of Attached Documents:
// Content
544,084
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
4,925 		Click to see attachment
List of Attached Documents:
// Content
7,100
23 Total liabilities (add lines 17 through 22)......... 597,050 551,184
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........... 575,505 610,172
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)..... 575,505 610,172
30 Total liabilities and net assets/fund balances (see instructions). 1,172,555 1,161,356
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
575,505
2
Enter amount from Part I, line 27a .....................
2
32,463
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,204
4
Add lines 1, 2, and 3 ..........................
4
610,172
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
610,172
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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) 1 104
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........................... 3 104
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- ..... 5 104
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 86
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 86 7 86
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 18
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 arrow0 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowMI
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
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
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 arrowalfdn.org gamesforthinkers.org
14
The books are in care ofright arrowLayman G Allen Telephone no.right arrow (641) 919-2466

Located atright arrow402 N 3rd StFairfieldIA ZIP+4right arrow52556
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
 
No
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
 
No
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
Layman G Allen President
40.00 		0 0 0
402 N 3rd St
Fairfield,IA52556
Gail Crotta Director
5.00 		0 0 0
402 N 3rd St
Fairfield,IA52556
John Miller Director
0.00 		0 0 0
934 Arbordale
Ann Arbor,MI48103
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 Development of online programs of academic games in math and social studies 18,788
2 Creation & distribution of academic games in the field of math & Social studies 4,121
3 Provide subsidized space for artists workspace and art gallery 55,041
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
96,653
b
Average of monthly cash balances.......................
1b
73,659
c
Fair market value of all other assets (see instructions)................
1c
826,566
d
Total (add lines 1a, b, and c).........................
1d
996,878
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
424,356
3
Subtract line 2 from line 1d.........................
3
572,522
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
8,588
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
563,934
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
28,197
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
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
0
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
4,343
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,343
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 0
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 37,928
e From 2023...... 15,597
f Total of lines 3a through e ........ 53,525
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,343
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus 4,343
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 57,868
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...... 		 
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		57,868
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 37,928
d Excess from 2023.... 15,597
e Excess from 2024.... 4,343
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
28,197 5,583 7,443 8,589 49,812
b 85% (0.85) of line 2a ......... 23,967 4,746 6,327 7,301 42,341
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		4,343 15,597 37,928 45,091 102,959
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 .... 		4,343 15,597 37,928 45,091 102,959
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 .. 		26,328 27,067 15,343 12,628 81,366
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).)
NA
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.
NA
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
Total .................................right arrow 3a  
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 81  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531120 75,763      
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 2,735  
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory         32,934
11 Other revenue:
a990-T refund 		531120 3,435      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 79,198 2,816 32,934
13Total. Add line 12, columns (b), (d), and (e)..................
13
114,948
(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.)
10 Sale of academic math games to further instructional experience
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:  
Part VI Line 7 - Tax Paid with the Original Return: 86


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Rachele Shaw Bookkeeping 2,675 577 2,675  
Graf & Company Tax Accounting & Preparation 3,950 417 3,950  

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TY 2024 DepreciationSchedule
Name:
Accelerated Learning Foundation
EIN:
38-3423350
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
Equipment 2000-06-01 1,452 1,306 SL 5.000000000000 0      
Equipment 1998-11-01 3,416 3,416 SL 5.000000000000 0      
Computer 2002-06-01 1,200 1,200 SL 5.000000000000 0      
Computer 2002-06-01 3,228 3,228 SL 5.000000000000 0      
Computer 2003-06-01 2,518 2,518 SL 5.000000000000 0      
Computer 2003-06-01 2,857 2,857 SL 5.000000000000 0      
Furniture 1999-08-01 800 800 200DB 7.000000000000 0      
Computer Equipment 2007-04-19 1,556 1,556 200DB 5.000000000000 0      
Computer 2007-05-15 1,637 1,637 200DB 5.000000000000 0      
Computer Equipment 2008-01-21 587 587 200DB 5.000000000000 0      
Computer Equipment 2008-05-15 317 317 200DB 5.000000000000 0      
Computer Equipment 2009-07-14 1,364 1,364 200DB 5.000000000000 0      
Computer Equipment 2009-08-17 1,316 1,316 200DB 5.000000000000 0      
Computer Equipment 2010-02-12 3,686 3,686 200DB 5.000000000000 0      
Air Conditioner Unit 2010-08-24 400 400 200DB 7.000000000000 0      
Projector 2012-04-02 972 972 200DB 7.000000000000 0      
Telephone 2012-09-18 1,354 1,354 200DB 7.000000000000 0      
Phones 2012-10-19 565 565 200DB 7.000000000000 0      
Video Camera 2013-08-28 1,497 1,497 200DB 7.000000000000 0      
Computer 2013-09-26 586 586 200DB 5.000000000000 0      
St Marys Building 2014-09-01 188,015 40,012 SL 39.000000000000 4,484   4,484  
Improvements 2015-07-15 3,000 651 SL 39.000000000000 77   77  
Improvements-N 3rd St 2015-08-15 3,000 645 SL 39.000000000000 77   77  
Improvements-N 3rd St 2015-10-31 17,590 3,702 SL 39.000000000000 451   451  
Improvements-N 3rd St 2015-11-30 28,265 5,891 SL 39.000000000000 725   725  
Improvements-N 3rd St 2015-12-31 20,240 4,174 SL 39.000000000000 519   519  
Legal Acquisition Costs N 3rd St 2015-08-31 10,090 2,169 SL 39.000000000000 259   259  
Dell Equipment 2015-03-11 264 264 SL 5.000000000000 0      
Counter tops 2016-07-21 615 615 SL 7.000000000000 0      
Warehouse Shelving 2016-01-25 3,665 3,665 SL 7.000000000000 0      
Improvements-St Marys 2016-09-01 86,939 16,253 SL 39.000000000000 2,229   2,229  
Improvement-Carpeting-3rd St 2016-07-21 2,106 2,106 SL 7.000000000000 0      
Windows 2016-05-27 5,000 976 SL 39.000000000000 128   128  
Shed Heater Installation 2016-03-16 800 800 SL 7.000000000000 0      
HVAC Project 2016-10-01 40,047 40,047 SL 7.000000000000 0      
Ovens, tables, racks 2017-11-15 840 803 200DB 7.000000000000 37   37  
Kitchen Equipment 2017-12-06 800 764 200DB 7.000000000000 36   36  
Windows 2017-04-05 3,798 651 SL 39.000000000000 97   97  
Rectory heating/Cooling 2017-01-06 4,330 772 SL 39.000000000000 111   111  
3rd St Boilers 2017-03-13 844 149 SL 39.000000000000 22   22  
Electrical wiring 2017-06-27 6,575 1,105 SL 39.000000000000 169   169  
St Marys Improvements 2017-03-31 1,173 204 SL 39.000000000000 30   30  
Land - S Lot 14 2017-09-14 6,257 0 0 0.000000000000 0   0  
New Chicago PUD Arch Drawings 2017-08-14 2,131 223 SL 39.000000000000 58 58 58  
HVAC Project Settlement 2017-08-14 15,750 15,047 SL 7.000000000000 703   703  
New Chicago Triplexes-Buildings 2020-05-01 519,358 48,276 SL 39.000000000000 13,317 13,317 13,317  
New Chicago Loan Fees 2020-05-01 2,894 268 SL 39.000000000000 74 74 74  
New Chicago Survey 2020-05-01 1,400 130 SL 39.000000000000 36 36 36  
N 3rd Improvements 2020-06-15 121,547 11,039 SL 39.000000000000 3,117   3,117  
Washer 2020-11-06 856 555 200DB 7.000000000000 86   86  
New Chicago Improvements 2020-05-01 33,883 3,150 SL 39.000000000000 869 869 869  
Computer 2020-11-06 1,410 914 200DB 7.000000000000 142   142  
Laptop Computer 2021-10-26 1,576 800 200DB 7.000000000000 222   222  
Electrical improvement 2021-03-12 3,378 243 SL 39.000000000000 87 87 87  
HVAC 2022-01-21 1,040 350 200DB 7.000000000000 197   197  
Computer 2011-10-17 386 386 200DB 7.000000000000 0      
HVAC 2023-01-11 495 35 SL 7.000000000000 71   71  
Garage Roof 2024-05-13 1,400   SL 39.000000000000 22   22  
Equipment 2024-01-03 3,077   200DB 7.000000000000 440   440  

TY 2024 InvestmentsOtherSchedule2
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Allen Olsen LLC   86,807 86,807
Securities   10,428 10,428
Vanguard Inherited IRA   19 19

TY 2024 LandEtcSchedule2
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Buildings - 3rd St 183,305 46,923 136,382  
Land 21,057 0 21,057  
Building Improvements - 3rd St 303,701 53,986 249,715  
Furniture & Fixtures 67,814 66,717 1,097  
Equipment 37,220 33,530 3,690  
Amortizable Assets 7,486 7,218 268  
New Chicago Development 563,044 66,731 496,313  


TY 2024 LegalFeesSchedule
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foss, Kuiken & Cochran Fees 189 28 189  


TY 2024 MortgagesAndNotesPayableSch
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Total Mortgage Amount: 423,374

Item No. 1
Lender's Name Small Business Administration
Lender's Title  
Relationship to Insider None
Original Amount of Loan 126,000
Balance Due 120,710
Date of Note 2020-06
Maturity Date 2050-06
Repayment Terms Monthly payment
Interest Rate 0.02750000
Security Provided by Borrower None
Purpose of Loan Operating expense during Covid
Description of Lender Consideration  
Consideration FMV  


TY 2024 OtherExpensesSchedule
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Dues & subscriptions 200 200 200  
Telephone/Internet 3,579 358 3,356 223
Finance Charges 25 3 25  
Website 3,795     3,795
Bank Fees 353   353  
Outside Contractors 325     325
Paypal fees 54   54  
Bad Debt 1,883   1,883  
Amortization 68   68  
Penalties 30   30  
Office supplies 368 55 368  
Software 946 142 946  


TY 2024 OtherIncomeSchedule2
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Allen Olsen LLC 2,735 2,735 2,735
990-T refund 3,435 3,435 3,435


TY 2024 OtherIncreasesSchedule
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Description Amount
K-1 Book tax difference -814
Prior year adjustment 3,018


TY 2024 OtherLiabilitiesSchedule
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Description Beginning of Year - Book Value End of Year - Book Value
Security Deposit 4,925 7,100


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TY 2024 OtherNotesLoansRcvblLongSch
Name:
Accelerated Learning Foundation
EIN:
38-3423350

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
Chi-Land LLC None 4,350 4,350 2022-12 2025-12 Due on demand 0 % None Rental deposit made to Chi-Land LLC in error Cash 4,350

TY 2024 OtherProfessionalFeesSchedule
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
State of Michigan Fee 20 20 20  


TY 2024 SalesOfInventoryList 
Name:
Accelerated Learning Foundation
EIN:
38-3423350

Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
Cost of Goods Sold)
Math Games 41,544 8,610 32,934

TY 2024 TaxesSchedule
Name:
Accelerated Learning Foundation
EIN:
38-3423350
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Prop Tax N 3rd St 3,394   3,394  
Prop tax W Grimes 3,468 3,468 3,468  
2023 990-T 3,500 3,500 3,500