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 07-01-2024 , and ending 06-30-2025
Name of foundation
ANVERSE INC
 
% LISA KRAUSS
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3248
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CARTERSVILLE, GA301201705
A Employer identification number

58-2507031
B Telephone number (see instructions)

(678) 721-0251
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$128,722,233J 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) 23,018,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 276,226 276,226 276,226
4 Dividends and interest from securities...      
5a Gross rents............ 1,800 1,800 1,800
b Net rental income or (loss) 949
6a Net gain or (loss) from sale of assets not on line 10 -8,544
b Gross sales price for all assets on line 6a 65,174
7 Capital gain net income (from Part IV, line 2)... 12,775
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 365
b Less: Cost of goods sold.... 93
c Gross profit or (loss) (attach schedule)..... 272 272
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
804,125 4,794 804,125
12 Total. Add lines 1 through 11........ 24,091,879 295,595 1,082,423
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 175,000   87,500 87,500
14 Other employee salaries and wages...... 5,746,002   131,262 5,614,740
15 Pension plans, employee benefits....... 1,789,234   66,937 1,709,958
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
349 0 145 203
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,080 0 0 43,080
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
320 320 320  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
4,085,939   27,773
20 Occupancy.............. 2,277,383   87,001 2,191,131
21 Travel, conferences, and meetings....... 46,271   1,818 44,518
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,575,063   49,691 2,507,962
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 16,738,641 320 452,447 12,199,092
25 Contributions, gifts, grants paid....... 2,541,970 2,539,471
26 Total expenses and disbursements. Add lines 24 and 25 19,280,611 320 452,447 14,738,563
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,811,268
b Net investment income (if negative, enter -0-) 295,275
c Adjusted net income (if negative, enter -0-)... 629,976
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............. 400 400 400
2 Savings and temporary cash investments......... 4,888,680 6,195,879 6,195,879
3 Accounts receivable right arrow47,164
Less: allowance for doubtful accounts right arrow   39,367 47,164 47,164
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow   400,000 Click to see attachment
List of Attached Documents:
// Content
0 		0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 214,515 226,768 226,768
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 arrow162,393
Less: accumulated depreciation (attach schedule) right arrow   162,393 162,393 162,393
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 366,315 Click to see attachment
List of Attached Documents:
// Content
147,148 		147,148
14 Land, buildings, and equipment: basis right arrow159,106,226
Less: accumulated depreciation (attach schedule) right arrow46,587,283 108,596,522 112,518,943 112,518,943
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
9,424,956 		Click to see attachment
List of Attached Documents:
// Content
9,423,538 		Click to see attachment
List of Attached Documents:
// Content
9,423,538
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 124,093,148 128,722,233 128,722,233
Liabilities 17 Accounts payable and accrued expenses.......... 683,269 754,019
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 683,269 754,019
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........... 123,409,879 127,968,214
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)..... 123,409,879 127,968,214
30 Total liabilities and net assets/fund balances (see instructions). 124,093,148 128,722,233
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
123,409,879
2
Enter amount from Part I, line 27a .....................
2
4,811,268
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
128,221,147
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
252,933
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
127,968,214
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a AUDAX PRIVATE EQUITY FUND III     2024-12-31
b CR TE PARTNERS III     2024-12-31
c CARLYLE EUROPE PARTNERS     2024-12-31
d CARLYLE MEZZANINE LIQUIDATING TRUST     2024-12-31
e CARLYLE PARTNERS V LP     2024-12-31
CARLYLE PARTNERS V CAYMAN, LP     2024-12-31
CARLYLE REALTY PARTNERS V     2024-12-31
CARLYLE STRATEGIC PARTNERS II     2024-12-31
DLJ REAL ESTATE CAPITAL PARTNERS III     2024-12-31
FRANCISCO PARTNERS II LP     2024-12-31
MADISON DEARBORN PARTNERS V     2024-12-31
MHR INSTITUTIONAL PARTNERS III     2024-12-31
IP III BLOCKER I LP     2024-12-31
SAW MILL CAPITAL PARTNERS     2024-12-31
SILVER LAKE PARTNERS III     2024-12-31
SOVEREIGN AXIS ASSETS LLC     2024-12-31
SOVEREIGN AXIS ASSETS LLC     2024-12-31
WCP REAL ESTATE FUND I LP     2024-12-31
WELSH CARSON ANDERSON STOWE X     2024-12-31
(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     511 -511
b     13,417 -13,417
c 274     274
d     14,779 -14,779
e 490     490
29     29
28     28
    17,199 -17,199
    463 -463
51     51
    845 -845
    4,375 -4,375
    705 -705
15,242     15,242
12,251     12,251
36,598     36,598
    105 -105
147     147
64     64
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       -511
b       -13,417
c       274
d       -14,779
e       490
      29
      28
      -17,199
      -463
      51
      -845
      -4,375
      -705
      15,242
      12,251
      36,598
      -105
      147
      64
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 12,775
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 -105
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 4,104
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  
3 Add lines 1 and 2........................... 3 4,104
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 4,104
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 111,192
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 111,192
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 107,088
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow107,088 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 arrowGA, MD
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
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 Click to see attachment
List of Attached Documents:
// Content
.............
11
Yes
 
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 arrowN/A
14
The books are in care ofright arrowLISA KRAUSS Telephone no.right arrow (678) 721-0251

Located atright arrowPO BOX 3248CartersvilleGA ZIP+4right arrow30120
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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
 
 
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
LORRAINE MCCLAIN VICE PRESIDENT
1.0 		0 0 0
PO BOX 785
CARTERSVILLE,GA30120
FORREST MCCLAIN Secretary/Treasurer
5.0 		0 0 0
PO BOX 785
CARTERSVILLE,GA30120
DAVID AIKEN Director
1.0 		0 13,078 0
PO BOX 785
CARTERSVILLE,GA30120
JONATHAN J OSCHER PRESIDENT
10.0 		0 16,671 0
PO BOX 785
CARTERSVILLE,GA30120
MARTY SONENSHINE EXECUTIVE DIRECTOR
40.0 		175,000 19,306 1,233
PO BOX 3188
CARTERSVILLE,GA30120
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
LISA KRAUSS CONTROLLER
40.0 		137,500 18,581 393
PO BOX 3188
CARTERSVILLE,GA30120
MATT SANTINI DIRECTOR ART/SCIENCE
40.0 		96,500 16,668 933
PO BOX 3188
CARTERSVILLE,GA30120
MARI BRADLEY ASST CONTROLLER
40.0 		96,000 16,052 393
PO BOX 3188
CARTERSVILLE,GA30120
PATSY WADE PROGRAM DIRECTOR
40.0 		88,580 20,850 933
PO BOX 3188
CARTERSVILLE,GA30120
KEVIN KAREL WBHF
40.0 		86,843 15,923 933
PO BOX 3188
CARTERSVILLE,GA30120
Total number of other employees paid over $50,000...................right arrow 22
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
JOHN RICE INC 0 413,825
25 HILLTOP DRIVE
CARTERSVILLE,GA30120
ABRAMS ARCHITECTURAL PRODUCTS 0 958,530
7260 DELTA CIRCLE
AUSTELL,GA30168
EMCOR SERVICES AIRCOND 0 1,476,197
PO BOX 945617
ATLANTA,GA30394
skene concrete INC 0 444,941
528 CASSVILLE RD
CARTERSVILLE,GA30120
CRABAPPLE ROOFING CONTRACTORS 0 709,927
3125 MARJAN DRIVE
DORAVILLE,GA30340
Total number of others receiving over $50,000 for professional services.............right arrow32
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 MUSEUM ACTIVITIES - SEE ATTACHED STATEMENT 12,883,081
2 THE GRAND THEATER - SEE ATTACHED STATEMENT 903,398
3 CARROLL NONPROFIT CENTER - SEE ATTACHED STATEMENT 814,015
4 WBHF RADIO - SEE ATTACHED STATEMENT 699,892
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
0
b
Average of monthly cash balances.......................
1b
2,453,192
c
Fair market value of all other assets (see instructions)................
1c
296,831
d
Total (add lines 1a, b, and c).........................
1d
2,750,023
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,750,023
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,750,023
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
0
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
0
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
 
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
14,738,563
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
2,750,023
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
17,488,586
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  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
2001-07-05
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
0 0 0 0 0
b 85% (0.85) of line 2a ......... 0 0 0 0 0
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		17,488,586 19,667,124 19,072,918 24,600,507 80,829,135
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 .... 		17,488,586 19,667,124 19,072,918 24,600,507 80,829,135
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ...... 128,722,233 124,093,148 121,749,919 170,453,877 545,019,177
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		0 0 0 0 0
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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).)
JONATHAN J OSCHER
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

BARTOW COUNTY SCHOOL SYSTEM

65 GILREATH RD
CARTERSVILLE,GA30121 		  GOV SUPPORT OF RENAISSANCE PROGRAM AND ESOL PROGRAM 27,500

BARTOW FAMILY RESOURCES

200 LEAKE ST SUITE 107
CARTERSVILLE,GA30120 		  PC FUNDING FOR REPAIRS 10,000

BARTOW HEALTH ACCESS INC

16 PARK COURT
CARTERSVILLE,GA30120 		  PC GRANT DENTAL SERVICES 56,500

BOYS AND GIRLS CLUB OF PIEDMONT INC

1415 SHELTON AVE
STATESVILLE,NC28677 		  PC OPERATING GRANT AND TEEN PROGRAM 25,000

CARTERSVILLE SCHOOL SYSTEM

PO BOX 3310
CARTERSVILLE,GA30120 		  GOV RENAISSANCE PROGRAM 15,000

CARTERSVILLE SCHOOLS FOUNDATION

PO BOX 3804
CARTERSVILLE,GA30120 		  PC GATE KEY SCHOLARSHIP SUPPORT 10,000

COMMUNITY FOUNDATION OF RAPPAHANNOCK

PO BOX 208
FREDRICKSBURG,VA22404 		  PC YOUTH IN PHILANTHROPY GRANT 7,500

ETOWAH SCHOLARSHIP FOUNDATION

PO BOX 1239
CARTERSVILLE,GA30120 		  PC GRANT - OPERATIONS AND STAFF & EMPLOYEE MATCHING GRANT 43,507

FAUQUIER FREE CLINIC

PO BOX 3138
WARRENTON,VA20188 		  PC BUILDING REPAIRS, DENTAL XRAY 19,000

FEEDNC

PO BOX 5173
MOORESVILLE,NC26117 		  PC GRANT -kitchen equipment and PALLET TRUCK 25,000

FIRST PRESBYTERIAN CHURCH

183 W MAIN STREET
CARTERSVILLE,GA30120 		  PC OPERATING GRANT - AFTER SCHOOL PROGRAM 0

FUNDACION COMMUNITARIA DE PUERTO RICO

PO BOX 70362
SAN JUAN,PR009368362 		  PC PROGRAM GRANTS 307,800

GEORGIA MUSEUMS INC

501 MUSEUM DRIVE
CARTERSVILLE,GA30120 		  PC GRANT - CAPITAL EXPENDITURES 1,307,408

GOOD NEIGHBOR HOMELESS SHELTER

PO BOX 664
CARTERSVILLE,GA30120 		  PC GRANT - GENERAL OPERATING, EMPLOYEE MATCHING 51,435

HEALTHREACH COMMUNITY CLINIC

PO BOX 1265
MOORESVILLE,GA28115 		  PC PROGRAM GRANT - ORAL HEALTH SERVICES 20,000

HICKORY LOG VOCATIONAL SCHOOL

3680 HIGHWAY 411
WHITE,GA30184 		  PC OPERATING EXPENSE 20,000

HOSPICE OF IREDELL COUNTY

2347 SIMONTON RD
STATESVILLE,NC28625 		  PC GRANT COUNSELING CAMPS AND GRIEF JOURNALS 22,500

LLOYD F MOSS FREE CLINIC

435 HUNTER STREET
FREDRICKSBURG,VA22401 		  PC MEDICAL AND DENTAL SUPPLIES 15,000

MICAH MINISTRIES

PO BOX 3277
FREDRICKSBURG,VA22402 		  PC GRANT - STEP FORWARD PROGRAM 15,000

RAPPAHANNOCK AREA YMCA

212 BUTLER ROAD
FREDRICKSBURG,VA22405 		  PC GRANT - POWER SCHOLARS ACADEMY 0

RAPPAHANNOCK BIG BROTHERS BIG SISTERS

325-A WALLACE STREET
FREDRICKSBURG,VA22401 		  PC PROGRAM GRANT 20,000

RAPPAHANNOCK CASA INC

509-C LAFAYETTE BLVD
FREDRICKSBURG,VA22401 		  PC PROGRAM GRANT 25,000

STAFFORD JUNCTION

791 TRUSLOW RD
FREDRICKSBURG,VA22406 		  PC PROGRAM GRANT 0

TRANQUILITY HOUSE

PO BOX 1383
CARTERSVILLE,GA30120 		  PC FUNDING AND EMPLOYEE MATCHING GRANT 0

YMCA NORTHWEST NORTH CAROLINA

828 WESLEY DRIVE
STATESVILLE,NC28677 		  PC BRIDGE ACADEMY YOUTH & FAMILY 20,000

BALD RIDGE LODGE INC

112 NORTH MAIN STREET
CUMMING,GA30040 		  PC TECH EQUIP AND APPLIANCES GENERAL GRANT FUNDING 27,500

BARTOW BOOKMOBILE

475 E MAIN STREET 142
CARTERSVILLE,GA30121 		  PC GRANT - SUMMER OUTREACH 3,000

BARTOW COUNTY GOVERNMENT

112 WEST CHEROKEE AVE
CARTERSVILLE,GA30120 		  GOV GRANT - FUNDING FOR MENTAL HEALTH EMPLOYEE MATCHING 11,000

CHRISTIAN MISSION MOORESVILLE

PO BOX 62
MOORESVILLE,NC28115 		  PC CRISIS ASSISTANCE PROGRAM 15,000

FAUQUIER FISH

PO BOX 891
WARRENTON,VA20188 		  PC FUNDING WEEKEND POWER PACK 15,000

AMERICAN HEART ASSOCIATION

PO BOX 78851
PHOENIX,AZ850628851 		  PC EMPLOYEE MATCHING GRANT 0

BARTOW COLLABORATIVE

475 EAST MAIN STREET 218
CARTERSVILLE,GA30121 		  PC CAN A THON GRANT 5,100

CARTERSVILLE BARTOW EXCHANGE CLUB

130 RIVERSIDE DRIVE
CARTERSVILLE,GA30120 		  NC EMPLOYEE MATCHING GRANT 0

ETOWAH VALLEY HUMANE SOCIETY

36 LADDS MOUNTAIN ROAD
CARTERSVILLE,GA30120 		  PC general support, EMPLOYEE MATCHING 10,150

NEW FRONTIER OF BARTOW COUNTY

PO BOX 1891
CARTERSVILLE,GA30120 		  PC EMPLOYEE MATCHING GRANT 100

SHOP WITH THE HEROS

CO BARTOW COUNTY SHERIFF DEPT
104 ZENA DRIVE
CARTERSVILLE,GA30121 		  GOV EMPLOYEE MATCHING GRANT 150

ST JUDE CHILDREN'S RESEARCH HOSPITAL

PO BOX 810
MEMPHIS,TN38101 		  PC EMPLOYEE MATCHING GRANT 250

BARTOW COUNTY SCHOOL SYSTEM

65 GILREATH RD
CARTERSVILLE,GA30121 		    ACTIVE SHOOTER KITS 0

BIG BROTHERS BIG SISTERS ATLANTA

680 MURPHY AVENUE SUITE 1090
ATLANTA,GA30310 		    GRANT FOR GENERAL OPERATING 0

BLESS COALITION INC

PO BOX 3532
CARTERSVILLE,GA30120 		  PC 2023 HOPE FOR CHRISTMAS 0

CARTERSVILLE HIGH SCHOOL

15 NELSON STREET
CARTERSVILLE,GA30120 		  GOV AFTER SCHOOL PROGRAM AND FBLA 57,500

CARTERSVILLE PRIMARY SCHOOL

200 CARTER GROVE BLVD SE
CARTERSVILLE,GA30120 		  GOV AFTER SCHOOL PROGRAM, EMPLOYEE MATCHING 175,020

CARTERSVILLE MIDDLE SCHOOL

825 DOUTHIT FERRY ROAD
CARTERSVILLE,GA30120 		  GOV EMPLOYEE MATCHING 300

CROHN'S & COLITIS FOUNDATION

2751 BUFORD HWY SUITE 780
ATLANTA,GA30324 		  PC GENERAL SUPPORT 2,500

FREDRICKSBURG REGIONAL FOOD BANK

3631 LEE HILL DRIVE
FREDRICKSBURG,VA22408 		  PC FOOD AND TRANSPORTATION GRANT 10,000

HERO'S BRIDGE

98 ALEXANDRIA PIKE SUITE 41
WARRENTON,VA20186 		  PC GRANT FOR VETERAN NEEDS 7,500

HELPING HANDS FOR BARTOW COUNTY

19 CRESTWOOD ROAD
CARTERSVILLE,GA30120 		  PC EMPLOYEE MATCH 0

HOPE OF MOORESVILLE

PO BOX 434
MOORESVILLE,NC28115 		  PC GRANT FOR PLUMBING REPAIRS 3,500

LEGAL AID WORKS

500 LAFAYETTE BLVD SUITE 100
FREDRICKSBURG,VA22401 		  PC GENERAL OPERATING GRANT 10,000

MISSION BARTOW

25 OAK HILL CIRCLE SUITE 106
CARTERSVILLE,GA30120 		  PC EMPLOYEE MATCHING GRANT 150

PARKINSON'S FOUNDATION

200 se 1ST STREET SUITE 800
MIAMI,FL33131 		    PLEDGE 0

Philanthropy Southeast

100 Peachtree STREET SUITE 2080
ATLANTA,GA30303 		  PC GRANT FOR GENERAL SUPPORT 0

SERVE INC

PO BOX 1357
STAFFIRD,VA22554 		  PC GENERAL PROGRAM GRANT 15,000

RECOVERY BARTOW INC

319 EAST CHEROKEE AVENUE
CARTERSVILLE,GA30120 		  PC OPERATING GRANTS 10,000

SAFE HARBOR CHILD ADVOCACY

PO BOX 56
FREDRICKSBURG,VA22404 		  PC TECHNOLOGY UPGRADE GRANT 0

THE HIGHLIGHTS FOUNDATION

814 COURT STREET
HONESDALE,PA18431 		  PC EMPLOYEE MATCH 0

AMERICAN DIABETES ASSOCIATION

PO BOX 7023
MERRIFIELD,VA221167023 		  PC EMPLOYEE MATCHING GRANT 0

FAMILY SHELTER SERVICES

PO BOX 3599
WARRENTON,VA20188 		  GOV GRANT FOR HVAC REPAIRS 15,000

LAUREL RIDGE COMMUNITY COLLEGE

6480 COLLEGE STREET
WARRRENTON,VA20187 		  PC DENTAL PROGRAM SUPPORT 10,000

LOISANNS HOPE HOUSE

902 LAFAYETTE BVD
FREDERICKSBURG,VA22401 		  PC REPAIRS AND MAINTENANCE, APPLIANCES 25,000

CHRISTIAN LEAGUE FOR BATTERED WOMEN

PO BOX 1383
CARTERSVILLE,GA30120 		  GOV GRANT - APPLIANCES AND FURNITURE 5,075

COMMUNITY FOUNDATION FOR GREATER ATLANTA

191 PEACHTREE ST NE STE 1000
ATLANTA,GA30303 		  PC grant for general support 1,000

GEORGIA HIGHLANDS COLLEGE FOUNDATION

3175 CEDARTOWN HWY SW
ROME,GA30161 		  PC DISCRETIONARY GRANT 2,500

UNITED WAY OF IREDELL COUNTY

828 WESLEY DRIVE
STATESVILLE,NC28677 		  PC LOVE UNITED BRIDGE ACADEMY 5,000

EMPOWERHOUSE

PO BOX 1007
FREDRICKSBURG,VA22402 		  PC GRANT - BUILDING REPAIRS 12,000

THE PETTIT PRESERVE

PO BOX 2843
Cartersville,GA30120 		  PC GRANT FOR EDUCATION PROJECTS 5,000

BARTOW COUNTY GOVERNMENT - ART IN BARTOW

135 WEST CHEROKEE AVE
Cartersville,GA30120 		  GOV PROGRAM GRANT - ART IN BARTOW 5,000

FAIRY GODMOTHER PROJECT

600 LAFAYETTE BLVD
FREDRICKSBURG,VA22401 		  PC GRANT - CANCER FAMILY SUPPORT 5,000

THE SALVATION ARMY

91 ICKORY FLAT HWY
CANTON,GA30014 		  PC STORAGE UNIT AND BUS REPAIRS 5,000

ADVOCATES FOR CHILDREN

PO BOX 446
CARTERSVILLE,GA30120 		  GOV EMPLOYEE MATCHING GRANT 50

ALPHARETTA ROTARY FOUNDATION

PO BOX 119
ALPHARETTA,GA30009 		  PC EMPLOYEE MATCHING GRANT 100

BOOTH WESTERN ART MUSEUM - HAAS

501 MUSEUM DRIVE
CARTERSVILLE,GA30120 		  PC EMPLOYEE MATCHING GRANT 100

BOSTON ELEMENTARY PTA

105 OTHELLO DRIVE
WOODSTOCK,GA30189 		  GOV EMPLOYEE MATCHING GRANT 50

CARTERSVILLE SERVICE LEAGUE

PO BOX 1678
CARTERSVILLE,GA30120 		  PC EMPLOYEE MATCHING GRANT 100

AMERICAN RED CROSS

PO BOX 37839
BOONE,IA50037 		  PC EMPLOYEE MATCHING GRANT 125

PAULDING COUNTRY PUBLIC SAFETY

PO BOX 1755
HIRAM,GA30141 		  PC EMPLOYEE MATCHING GRANT 400

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		  PC EMPLOYEE MATCHING GRANT 3,400

THE ANDREW MCDONOUGH B FOUNDATION

101 ROCKLAND CIRCLE
WILMINGTON,DE19803 		  PC EMPLOYEE MATCHING GRANT 200
Total .................................right arrow 3a 2,541,970
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
aGRAND THEATRE RENTAL         20,793
bADMISSIONS         84,302
cCAMP TUITION         34,225
dENRICHMENT PROGRAMS         204,166
eCARROLL NONPROFIT CENTER         119,938
fEDUCATIONAL PROGRAMS         21,735
RADIO ADVERTISING 541800 300,799      
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 276,226  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 949  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101   18 12,775 -21,319
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory     03 272  
11 Other revenue:
aMISCELLANEOUS REVENUE 		        11,880
bOTHER INVESTMENT INCOME FROM PTE 901101 1,493 14   4,516
cOTHER INCOME FROM PTE     14   278
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 302,292 290,222 480,514
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,073,028
(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.)
1 Rental from Grand Theater is a minimal amount charged to help recover cost of theater operation. Groups are charged based on ability to pay. Charging rent allows for maintenance of a facility in the community which is available to present live performances. Admissions and tuitions are received from children's camps and workshops. These camps are used to teach children science and art through hands on experiences. Revenues from Enrichment programs are received from School systems in exchange for providing a teacher resource center. Schools or individuals pay a fee for access to resource center. Resource Center provides lesson aids, materials for use in education and classroom training. Space in the Carroll Nonprofit Center is provided to other non-profit entities either free of charge or for a nominal rental fee. The non-profit entities pays a pro-rated portion of building utilities.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
ANVERSE INC
 
Employer identification number

58-2507031
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
ANVERSE INC
  		Employer identification number
58-2507031
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 8,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 2,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 10,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 1,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 1,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
GLENDA MITCHELL LAW FIRM
807 N TENNESSEE ST STE 201
 
CARTERSVILLE, GA30120

$ 6,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
ANVERSE INC
  		Employer identification number
58-2507031
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
JONATHAN J OSCHER
PO BOX 785
 
CARTERSVILLE, GA30120

$ 1,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
SOUTHERN STATES BANK
215 EAST MAIN STREET
 
CARTERSVILLE, GA30120

$ 12,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
ANVERSE INC
  		Employer identification number

58-2507031
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
ANVERSE INC
  		Employer identification number

58-2507031
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT FEES 43,080     43,080

TY 2024 CashDeemedCharitableExplnStmt
Name:
ANVERSE INC
EIN:
58-2507031
Explanation:
CASH DEEMED HELD FOR CHARITABLE ACTIVITIES HAS BEEN ADJUSTED TO REFLECT AMOUNTS REQUIRED FOR THE NORMAL AND CURRENT DISBURSEMENTS DIRECTLY CONNECTED WITH THE DAILY OPERATION OF THE FOUNDATION'S PROGRAMS, AS WELL AS CAPITAL EXPENDITURES. THE ESTIMATED TOTAL AMOUNTS REQUIRED FOR THE NORMAL AND CURRENT DISBURSEMENTS AND CAPITAL EXPENDITURES FOR FYE 6-30-25 IS $15,157,804. THE ORGANIZATION'S CURRENT LIQUID ASSETS, SECURITIES, AND OTHER INVESTMENT ASSETS WILL BE UTILIZED FOR THESE CHARITABLE EXPENDITURES. THE FOUNDATION DOES NOT USE OUTSIDE FINANCIING. CASH HAS BEEN ADJUSTED FOR AMOUNTS BUDGETED FOR OPERATIONS AND CAPITAL EXPENDITURES.

TY 2024 ContractorCompensationExpln
Name:
ANVERSE INC
EIN:
58-2507031
Contractor Explanation
JOHN RICE INC SAVOY AND TELLUS BUILDING CONTRACTOR
ABRAMS ARCHITECTURAL PRODUCTS BUILDING CONSTRUCTION - TELLUS
EMCOR SERVICES AIRCOND TELLUS EXPANSION/REPAIRS AND MAINTENANCE
skene concrete INC TELLUS EXPANSION
CRABAPPLE ROOFING CONTRACTORS TELLUS EXPANSION/ROOF FOR TELLUS

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TY 2024 DepreciationSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsOtherSchedule2
Name:
ANVERSE INC
EIN:
58-2507031
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENTS IN PRIVATE EQUITY FMV 147,148 147,148

TY 2024 LegalFeesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 349   145 203


TY 2024 OtherAssetsSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
MUSEUM ARTWORK 8,307,839 8,307,439 8,307,439
COLLECTION 1,085,700 1,085,692 1,085,692
LIBRARY 31,417 30,407 30,407


TY 2024 OtherDecreasesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Description Amount
PY EXCISE TAXES PAID 100,270
NONDEDUCTIBLE EXPENSE 1,087
UNREALIZED LOSS ON PRIVATE EQUITY 151,576


TY 2024 OtherExpensesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ARTIST SPEAKER & ENTERTAINER 35,565     35,565
AUDIO/VISUAL EXPENSE 6,871     6,871
BANK SERVICE EXPENSE 3,290     3,290
BENEVOLENCE PROGRAM 64,815     64,815
CAMP EXPENSES 27,077     27,828
COLLECTION CONSERVATION 13,118     13,118
CONTRACT LABOR 132,539   18,864 113,965
CREDIT CARD PROCESSING FEES 10,479   1,758 8,722
DUES & SUBSCRIPTIONS 25,281   1,219 24,150
EDUCATIONAL PROGRAM EXPENSE 15,525     15,550
ENGINEERING SERVICES 24,000     24,000
ENRICHMENT EXPENSES 85,801     85,801
ENTERTAINMENT SERIES EXPENSE 47,438     47,438
EQUIPMENT REPAIRS & MAINTNCE 20,113   14 19,097
EQUIPMENT RENTAL EXPENSE 186,503   638 183,008
EQUIPMENT SUPPLIES 26,601   1,142 25,357
EXHIBIT EXPENSE 201,089     201,089
FOOD 2,478     2,478
FUEL 14,381   133 14,248
IN-HOUSE PROGRAMMING EXPENSE 35,177     35,177
INSTRUCTORS 59,422     59,422
INSURANCE 505,702   1,569 512,354
LIBRARY 420     420
LICENSES & OTHER TAXES 18,836   5,366 14,336
MARKETING 294,464   5,138 288,021
MATERIALS AND SUPPLIES 83,950     83,950
MIS FEES 227,578   7,953 219,625
NETWORK & COMMUNICATIONS 155,616     134,978
OFFICE SUPPLIES 14,925   979 13,929
PAYROLL SERVICE 95,002     95,002
POSTAGE 2,665   175 2,429
PRE-EMPLOYMENT EXPENSE 2,393   169 1,830
RADIO PROGRAMMING 6,058     6,058
RADIO TOWER EXPENSES 9,572     8,644
RENTS 2,868     2,868
RESEARCH 220     220
STAFF DEVELOPMENT 13,277   172 13,105
TICKETING/HOSTS 1,203     1,203
UNIFORMS 22,758     23,483
VEHICLE EXPENSES 6,457   54 6,379
VOLUNTEER EXPENSES 23,455   912 22,699
WORKERS COMPENSATION 36,594   1,765 34,829
POSTERS        
MISCELLANEOUS EXPENSES 113     113
REFERENCE BOOKS AND MATERIALS 170     170
THEATRE SOFTWARE TICKET FEES 12,353   1,671 10,328
Rent and Royalty Expense 851      


TY 2024 OtherIncomeSchedule2
Name:
ANVERSE INC
EIN:
58-2507031
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GRAND THEATRE RENTAL 20,793   20,793
ADMISSIONS 84,302   84,302
CAMP TUITION 34,225   34,225
ENRICHMENT PROGRAMS 204,166   204,166
EDUCATIONAL PROGRAMS 21,735   21,735
CARROLL NONPROFIT CENTER PROGRAMS 119,938   119,938
ADVERTISING 300,799   300,799
PARTNERSHIP INCOME 1,771 278 1,771
OTHER INCOME 11,880   11,880
PARTNERSHIP DIVIDENDS AND INTEREST 4,516 4,516 4,516


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TY 2024 OtherNotesLoansRcvblLongSch
Name:
ANVERSE INC
EIN:
58-2507031

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
ADVOCATES FOR CHILDREN - CHARITABLE LOAN     0       0 %        

TY 2024 OtherProfessionalFeesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MGT FEES - DLJ 296 296 296  
INVESTMENT MGT FEES - GOLDMAN 24 24 24  


TY 2024 TaxesSchedule
Name:
ANVERSE INC
EIN:
58-2507031
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REAL ESTATE TAXES        


TY 2024 TransfersFrmControlledEntities
Name:
ANVERSE INC
EIN:
58-2507031
Name US /
Foreign Address		 EIN Description Amount
HIGHLANDS DEVELOPMENT ASSOCIATES PO BOX 3248
CARTERSVILLE,GA30120 		46-1985745 N/A 0
Total