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.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
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 COPORATE PARK 160
  Room/suite
City or town
IRVINE
State or province
CA
Country  
ZIP or foreign postal code
92606
A Employer identification number

95-2371506
B Telephone number (see instructions)

7146287335
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$14,888,765J 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 .................
3 Interest on savings and temporary cash investments 70,007 70,007  
4 Dividends and interest from securities... 256,142 254,796  
5a Gross rents............ 235,721 235,721  
b Net rental income or (loss) 164,259
6a Net gain or (loss) from sale of assets not on line 10 914,238
b Gross sales price for all assets on line 6a 3,820,107
7 Capital gain net income (from Part IV, line 2)... 914,238
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,476,108 1,474,762  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 24,660 4,932   19,728
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
17,396 13,947   3,449
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
65,064 65,064   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
56,046 28,446   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
21,810 21,140   470
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 216,918 165,471   23,647
25 Contributions, gifts, grants paid....... 750,500 750,500
26 Total expenses and disbursements. Add lines 24 and 25 ................ 967,418 165,471   774,147
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 508,690
b Net investment income (if negative, enter -0-) 1,309,291
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 63,122 32,552 32,552
2 Savings and temporary cash investments......... 361,369 293,777 293,777
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) 1,268,643 Click to see attachment
List of Attached Documents:
// Content
257,036 		258,457
b Investments—corporate stock (attach schedule)....... 5,498,481 Click to see attachment
List of Attached Documents:
// Content
6,317,989 		8,174,369
c Investments—corporate bonds (attach schedule)....... 29,092 Click to see attachment
List of Attached Documents:
// Content
41,023 		38,042
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans............. 558,000 558,000 558,000
13 Investments—other (attach schedule).......... 1,102,561 Click to see attachment
List of Attached Documents:
// Content
1,974,487 		2,578,004
14 Land, buildings, and equipment: basis 1,845,539
Less: accumulated depreciation (attach schedule) 791,917 1,085,564 Click to see attachment
List of Attached Documents:
// Content
1,053,622 		2,916,500
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
230,944 		Click to see attachment
List of Attached Documents:
// Content
39,064 		Click to see attachment
List of Attached Documents:
// Content
39,064
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,197,776 10,567,550 14,888,765
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 ) Click to see attachment
List of Attached Documents:
// Content
138,916 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 138,916 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 10,058,860 10,567,550
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 10,058,860 10,567,550
30 Total liabilities and net assets/fund balances (see instructions). 10,197,776 10,567,550
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
10,058,860
2
Enter amount from Part I, line 27a .....................
2
508,690
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,567,550
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
10,567,550
Form 990-PF (2025)
Form 990-PF (2025)
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   2025-01-01 2025-12-31
b CAPITAL GAINS DIVIDENDS P 2025-01-01 2025-12-31
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 3,814,300   2,905,869 908,431
b 5,807     5,807
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       908,431
b       5,807
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 2 914,238
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 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 18,199
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 18,199
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 18,199
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 19,160
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 19,160
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 961
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax961 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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)
CA
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 2025 or the taxable year beginning in 2025? 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 addressNOT APPLICABLE
14
The books are in care ofMELANIE SHANE Telephone no. (714) 633-9945

Located atONE UNIVERSITY DRIVEORANGECA ZIP+492866
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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 		24,660 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................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
10,330,604
b
Average of monthly cash balances.......................
1b
431,361
c
Fair market value of all other assets (see instructions)................
1c
3,474,500
d
Total (add lines 1a, 1b, and 1c).......................
1d
14,236,465
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
14,236,465
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
213,547
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,022,918
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
701,146
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
701,146
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
18,199
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
18,199
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
682,947
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
682,947
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
682,947
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, line 26, column (d) ..........
1a
774,147
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
774,147
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 682,947
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 124,608
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 774,147
a Applied to 2024, but not more than line 2a 124,608
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 2025 distributable amount..... 649,539
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		33,408
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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 (2025)
Form 990-PF (2025)
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

ALSAC ST JUDE CHILDREN'S RESEARCH

501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE   TO SUPPORT TREATING AND DEFEATING CHILDHOOD CANCER AND OTHER LIFE THREATENING DISEASES. 8,000

BIG BROTHERSSISTERS OF OC

14131 YORBA STREET SUITE 200
TUSTIN,CA92780 		NONE   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

BOY SCOUTS OF ORANGE COUNTY

3590 HARBOR GATEWAY NORTH
COSTA MESA,CA92626 		NONE   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. 44,500

BOYS AND GIRLS CLUB OF BUENA PARK

7758 KNOTT AVENUE
BUENA PARK,CA90620 		NONE   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. 20,000

BOYS AND GIRLS CLUB OF GARDEN GROVE

10540 CHAPMAN AVENUE
GARDEN GROVE,CA92840 		NONE   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

BOYS AND GIRLS CLUB OF STANTON

11050 CEDAR STREET
STANTON,CA90680 		NONE   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

BOYS AND GIRLS CLUB OF TUSTIN

580 W SIXTH STREET
TUSTIN,CA92780 		NONE   TO SUPPORT THE EDUCATION CENTER'S ACADEMIC SUCCESS ACTIVITIES. 20,000

CHAPMAN UNIVERSITY

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

CHOC CHILDREN'S FOUNDATION

505 S MAIN STREET
ORANGE,CA92868 		NONE   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

CYPRESS COLLEGE

9200 VALLEY VIEW STREET
CYPRESS,CA90630 		NONE   SUPPORT FOR STUDENT SCHOLARSHIPS. 16,000

FAMILIES TOGETHER OF ORANGE COUNTY

661 W 1ST STREET G-2
TUSTIN,CA92780 		NONE   PROVIDING HEALTHCARE TO UNDERSERVED COMMUNITIES 5,000

FRIENDS OF REFUGEES

PO BOX 548
CLARKSTON,GA30021 		NONE   COMMUNITY ADVOCACY BY PROVIDING SERVICES INCLUDE JOB FINDING AND ENTREPRENEURSHIP, MATERNITY CARE, AND FOOD ACCESS SERVING ALL FAITHS. 4,000

FULLERTON COLLEGE FOUNDATION

321 EAST CHAPMAN AVE
FULLERTON,CA92832 		NONE   SUPPORT FOR STUDENT SCHOLARSHIPS. 16,000

GOLDEN WEST COLLEGE FOUNDATION

15744 GOLDEN WEST ST
HUNTINGTON BEACH,CA92647 		NONE   SUPPORT FOR STUDENT SCHOLARSHIPS. 16,000

GOODWILL INDUSTRIES

410 NORTH FAIRVIEW STREET
SANTA ANA,CA92703 		NONE   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. 23,000

HIGH SCHOOL INC ACADEMIES FOUNDATION

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

HUNTINGTON BEACH TREE SOCIETY

16632 WELLINGTON
HUNTINGTON BEACH,CA92649 		NONE   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

INTERVAL HOUSE

PO BOX 3356
SEAL BEACH,CA92626 		NONE   SUPPORT FOR KEY LIFE-SAVING PROGRAMS TO SERVE THE MOST CULTURALLY UNDERSERVED, DISENFRANCHISED, AND DESTITUTE WOMEN, CHILDREN AND FAMILIES AFFECTED BY DOMESTIC VIOLENCE. 174,000

IRVINE VALLEY COLLEGE FOUNDATION

5500 IRVINE CENTER DRIVE
IRVINE,CA92618 		NONE   SUPPORT FOR STUDENT SCHOLARSHIPS. 16,000

JUNIOR ACHIEVEMENT OF SAN DIEGO

4756 MISSION GORGE PLACE
SAN DIEGO,CA92120 		NONE   TO SUPPORT EDUCATIONAL PROGRAMS FOR YOUNG PEOPLE WITH A FOCUS ON FINANCIAL LITERACY AND ENTREPRENEURSHIP. 5,000

NATIONAL DANCE INTSTITUTE OF NEW MEXICO

1140 ALTO STREET
SANTA FE,NM87501 		NONE   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

NOVA ACADEMY

920 WEST 17TH STREET
SANTA ANA,CA92706 		NONE   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. 43,000

OLIVE CREST

2130 EAST 4TH STREET STE 200
SANTA ANA,CA92705 		NONE   TO SUPPORT OLIVE CREST'S PRIVATE FOSTER/ADOPTION PROGRAM IN ORANGE COUNTY. 75,000

OPERATION HOPE NORTH COUNTY

859 EAST VISTA WAY
VISTA,CA92084 		NONE   TO PROVIDE SAFESHELTER, VITAL RESOURCES, AND COMPASSIONATE SUPPORT TO FAMILIES AND INDIVIDUALS IN NEED TO BREAK THE CYCLE OF HOMELESSNESS. 10,000

ORANGE COAST COLLEGE FOUNDATION

2701 FAIRVIEW ROAD
COSTA MESA,CA92626 		NONE   SUPPORT FOR STUDENT SCHOLARSHIPS. 16,000

PROJECT COMMUNITY CONNECTIONS INC

302 DECATUR STREET SE
ATLANTA,GA30312 		NONE   TO SUPPORT THE PERMANENT REHOUSING OF INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS. 4,000

SAINT JOHN'S HEALTH CENTER FOUNDATION

2121 SANTA MONICA BLVD
SANTA MONICA,CA90404 		NONE   FOR CANCER RESEARCH. 10,000

SALVATION ARMY

710 SOUTH MAIN STREET
SANTA ANA,CA92701 		NONE   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. 52,000

SANTA ANA COLLEGE FOUNDATION

1530 WEST 17TH STREET
SANTA ANA,CA92706 		NONE   SUPPORT FOR STUDENT SCHOLARSHIPS. 16,000

SANTIAGO CANYON COLLEGE FOUNDATION

8045 EAST CHAPMAN AVE
ORANGE,CA92869 		NONE   SUPPORT FOR STUDENT SCHOLARSHIPS. 16,000

SECOND HARVEST FOOD BANK OF ORANGE COUNTY

8014 MARINE WAY
IRVINE,CA92618 		NONE   DISTRIBUTION OF FOOD TO UNDERSERVED COMMUNITIES. 19,000

SPECIAL OLYMPICS OF SOUTHERN CALIFORNIA

505 N TUSTIN AVE SUITE 150
TUSTIN,CA92705 		NONE   SPECIAL OLYMPICS SOUTHERN CALIFORNIA PROVIDES SEASONAL SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES, GIVING THEM CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY AND PARTICIPATE IN A SHARING OF GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES AND THE COMMUNITY. 4,000

THE FRIENDLY CENTER

147 WEST ROSE STREET
ORANGE,CA92867 		NONE   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. 19,000

WATER DROP CA

718 GLADYS AVENUE UNIT 1B
LOS ANGELES,CA90021 		NONE   WATER DROP LA IS A GRASSROOTS ORGANIZATION THAT AIMS TO COMBAT WATER INSECURITY BY PROVIDING CLEAN WATER FOR DRINKING, SANITATION, AND HYGIENE. 5,000
Total ................................. 3a 750,500
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
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 70,007  
4 Dividends and interest from securities ....     14 254,796  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 164,259  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 914,238  
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 1,403,300 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,403,300
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only 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 (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 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 17,246 13,797   3,449
ACCOUNTING FEES 150 150   0

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2025 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 73,374 120.000000000000 12,229 12,229   85,603

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2025 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 1,245,739 759,975 SL 39.000000000000 31,942 31,942    
LAND 2001-03-10 599,800   L   0 0    

TY 2025 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% (DUE 8/1/29) 12,596 15,844
ALLY FINL INC 4.7% 10,563 11,865
XEROX CORP 4.8% 12,116 5,720
XEROX HOLDINGS CO 5,748 4,613

TY 2025 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
ALCOA CORP 37,945 62,493
ARCELORMITTAL CL A 28,663 106,953
BAKER HUGHES COMPANY 46,359 51,141
BANK OF AMERICA CORP 41,694 189,640
CARNIVAL CP 16,156 48,253
CITIGROUP INC 33,983 79,233
CLEVELAND CLIFFS 57,479 120,516
DEVON ENERGY CORP NEW 42,380 39,231
FORD MOTOR COMPANY 56,514 78,720
GENERAL MOTORS COMPANY 90,541 251,604
HALLIBURTON CO 46,194 47,901
HELMERICH & PAYNE 41,897 38,144
ING GROEP NV ADR 46,179 162,120
MERCEDES BENZ 47,965 83,189
METLIFE 27,113 82,413
ORANGE NEW 41,844 66,708
PEABODY ENERGY CORP 95,276 212,741
PROLOGIS INC 33,550 127,660
PRUDENTIAL FINANCIAL 21,172 54,521
REGIONS FINANCIAL CORP NEW 35,494 122,655
SCHLUMBERGER LTD 46,363 46,402
SOUTHWEST AIRLINES 37,144 52,778
ADVANCE AUTO PTS 47,946 47,160
AERSALE CORP 15,512 20,619
ALBERTSONS 75,113 74,690
ALGONQUIN POWER & UTILITIES 65,487 83,640
ALIBABA GROUP HOLDING 22,600 44,267
AMBEV SA 65,224 77,805
AMERICOLD REALTY TR INC 129,662 102,880
ARCOS DORADOS HOLDINGS 44,002 50,279
ARDAGH METAL PACKAGING 77,718 45,100
ARDMORE SHIPPING CO 7,088 20,121
AUTONATION INC 2,787 16,518
AVANTOR INC 64,788 63,030
BANK OF NY MELLON 13,925 52,241
BANK SIERRA PORTERVILLE 17,345 35,621
BARINGS BDC INC 50,795 56,273
BASF SE ORD 65,339 82,400
BAUSCH HEALTH COS INC 50,308 31,275
BAYER AG 55,428 90,332
BERKSHIRE HATHAWAY INC 16,994 101,535
BGC GROUP INC 59,950 58,045
BIP BERMUDA 5.125% 11,690 11,240
BLUE OWL CAP CORP 41,152 42,138
BOSTON OMAHA CORP 31,341 27,214
BRIDGFORD FOODS CORP 4,297 4,290
BRIGHTHOUSE 5.375% PFD 22,697 19,282
BRIGHTSPIRE CAPITAL INC 34,069 33,600
BRIGHTVIEW HLDGS INC 22,366 22,489
BROOKFIELD BUSINESS 34,228 64,584
BROOKFIELD CORP 12,990 57,821
CABLE ONE INC 181,312 78,995
CALIFORNIA RESOURCES 78,288 83,608
CANNAE HOLDINGS 67,596 55,055
CARLYLE GROUP INC 44,197 67,385
CENTENE CORP DEL 23,250 37,035
CHEMOURS CO 33,705 22,401
CK HUTCHISON HOLD ORDF 97,389 88,448
CK HUTCHISON HOLDINGS 50,506 29,197
COMCAST CORP 107,926 94,751
COMMUNITY WEST BANCSHARE 10,314 22,950
CORENERGY 10,195 407
COYA THERAPEUTICS 13,593 13,340
CROWN HOLDINGS 36,692 61,782
DARLING INGREDIENTS 89,691 79,200
DIAGEO PLC 64,276 62,114
DIGITALBRIDGE GROUP INC 65,352 73,632
DOUBLEVERIFY HOLDINGS 42,073 46,904
ELANCO ANIMAL HEALTH INC 4,879 9,572
ENGHOUSE SYS LTD 44,869 41,539
FAIRFAX FINANCIAL 1,661 11,436
FIRST HORIZON CORP 20,081 23,900
FIRST PACIFIC COMP 30,132 43,805
FIVE POINT HOLDINGS 50,755 65,403
FLAGSTAR FINANCIAL 80,905 94,425
FORWARD AIR CORP NEW 54,506 48,250
FULL HOUSE RESORTS 14,432 8,013
GLOBAL PMTS INC 59,318 65,016
GREENLIGHT CAPITAL 44,063 56,716
GREIF INC 14,821 29,111
GROUPE BRUXELLES 80,579 95,450
GRUPO FINC INBURSA 23,370 48,224
HAMILTON INS GROUP 31,687 48,825
INSPIRED ENTERTAINMENT 21,120 23,400
INTERNATIONAL SEAWAYS 15,369 33,985
ITOCHU CORPORATION ORD F 13,158 13,915
JARDINE MATHESON 61,239 106,005
JBG SMITH PROPERTIES REIT 52,412 51,030
JEFFERIES FINL 21,875 58,872
KELLY SVCS INC 34,516 26,400
KEMPER CORP 6,659 6,786
KEURIG DR PEPPER INC 87,826 89,632
KROGER CO 2,246 4,499
LESLIES INC 71,173 1,221
LIBERTY GLOBAL 32,319 38,990
LKQ CORP 102,871 87,580
LUCKY STRIKE ENTERTAINMENT 38,525 32,186
MARINEMAX INC 22,087 21,807
METLIFE INC 29,399 46,575
MGP INGREDIENTS INC 10,275 10,449
MOLSON COORS BEVERAGE 37,335 35,010
NCR VOYIX CORP 63,818 58,956
NICE LTD 75,606 67,824
NOBLE CORP 46,176 45,184
OAKTREE SPECIALTY LENDING 75,383 67,522
O-I GLASS INC 88,336 92,988
OMNIAB INC 17,347 9,435
ONEWATER MARINE 40,944 17,637
ORASURE TECHNOLOGIES INC 51,419 34,606
ORGANON & CO 111,115 68,115
PARK OHIO HOLDINGS 56,480 54,444
PAYSAFE 70,434 46,113
PBF ENERGY INC 60,615 67,800
PENNYMAC MOR 8.125% 16,675 17,033
PENSKE AUTOMOTIVE 10,248 42,738
PEOPLES BANCORP INC 28,454 36,336
PERDOCEO ED CORP 9,521 23,464
PINNACLE FINL PARTNERS 56,096 59,154
POWERFLEET INC 50,238 58,520
PROSPECT CAP CORP 28,229 29,267
PROSPECT CAPI 5.35% 4,267 4,295
PROSPERITY BANCSHARE 42,098 52,524
QEP CO INC 7,049 17,926
QUIDELORTHO CORP 94,396 59,976
READY CAPITAL 6.5% 11,423 11,176
REPAY HOLDINGS CORP 60,959 42,340
RUSH ENTERPRISES CL A 16,341 74,168
SCE TRUST V 5.45% 18,774 18,893
SCHEIN HENRY INC 46,503 52,906
SCORPIO TANKERS INC 21,168 30,498
SEABOARD CORP 60,491 88,897
SEATRIUM LIMITED 7,900 7,376
SIRIUSPOINT LTD 24,949 120,395
SIRIUSXM HOLDINGS 64,664 58,385
SONOCO PRODUCTS 77,726 69,824
SPRINKLR INC 41,515 42,790
STATE STREET CORP 42,403 79,986
SUMITOMO CORP ORD 41,233 119,592
TELEPHONE AND DA 6% 10,894 12,383
TENET HEALTHCARE 300 3,974
TEVA PHARMACEUTICAL 24,110 46,815
TWO HARBORS 7.625% 14,215 14,136
UGI CORP 55,637 63,631
VALERO ENERGY CORP 20,119 60,232
VERIZON COMMUNICATION 58,215 61,095
VESTIS CORP 56,333 40,020
VONTIER CORP 10,509 20,449
VORNADO REALTY 5.25% 2,620 2,535
WARNER BROTHERS DISCOVER 29,733 124,358
WHITE MOUNTAINS INSURANCE 9,213 10,390
XEROX HOLDINGS 17,535 8,532

TY 2025 InvestmentsGovtObligationsSch
Name:
WALTMAR FOUNDATION
 
C/O LARRY BELTRAMO
EIN:
95-2371506
US Government Securities - End of Year Book Value:

257,036
US Government Securities - End of Year Fair Market Value:

258,457
State & Local Government Securities - End of Year Book Value:


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


0


TY 2025 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 157,262 157,262
GOLDMAN SACHS ACCESS TRE FMV 257,229 257,645
GOLDMAN SACHS ULTRA SHORT FMV 248,569 248,918
ISHARES 0-3 MONTH TREASURY B FMV 343,806 343,902
PGIM TR ULTRA SHORT ETF FMV 98,329 98,337
ISHARES RUSSELL 2000 ETF FMV 235,412 779,096
ISHARES RUSSELL 2000 ETF FMV 49,496 161,235
ALGONQUIN POWER FMV 9,729 10,180
FEDERAL RLTY INVT FMV 48,519 53,424
FRANKLIN STREET PROP REIT FMV 50,805 16,646
LAMAR ADVERTISING FMV 23,153 36,075
ORION PPTYS INC REIT FMV 64,762 21,018
PARK HOTELS & RESORTS INC REIT FMV 76,125 62,760
PEAKSTONE REALTY FMV 13,261 15,068
PIEDMONT OFFICE REAL REIT FMV 53,322 55,878
READY CAP CORP REIT FMV 40,720 25,724
REALTY INCOME CORP REIT FMV 33,264 35,513
SUN COMMUNITIES REIT FMV 36,298 38,412
UMH PPTYS INC REIT FMV 59,962 70,004
VORNADO REALTY TRUST FMV 51,132 63,232
W P CAREY INC REIT FMV 23,332 27,675

TY 2025 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 1,245,739 791,917 453,822  
LAND 599,800 0 599,800  
LEASE COMMISSION 122,288 85,603 36,685  


TY 2025 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 2,491 2,379 2,379
UNSETTLED STOCK SALES 179,539 0 0
LEASE COMMISSION - NET 48,914 36,685 36,685


TY 2025 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 200 0   0
MISCELLANEOUS 88 18   70
ACCRUED BOND INTEREST 445 445   0
DUES AND SUBSCRIPTION 500 100   400
MANAGEMENT FEES 6,000 6,000   0
INSURANCE 215 215   0
BANK CHARGES 333 333   0
MAINTENANCE 1,800 1,800   0
AMORTIZATION 12,229 12,229   0


TY 2025 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 138,916 0


TY 2025 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 32,338 32,338   0
CHARLES SCHWAB - INVESTMENT FEES 32,726 32,726   0


TY 2025 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 9,653 9,653   0
FEDERAL EXCISE TAXES 27,600 0   0
PROPERTY TAXES 18,793 18,793   0