2023-11-14T16:34:42-06:00 2022-10-26 331197384 ANDERSEN TAX LLC 1200 FIFTH AVENUE SEATTLE WA 98101 990PF 2022-07-01 461533212 GROWING TREE FOUNDATION INC GROW 2062237000 CO LANE POWELL 1420 5TH AVE 4200 SEATTLE WA 981012375 CHARLES M DRACKETT JR PRESIDENT 2062237000 2023-11-14 1 CHARLES DRACKETT JR 999009999 0 ALINA DAVIS P02473513 2065777880 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X X 0 X X 265 265 21901 21901 0 22166 22166 0 0 0 3843 3843 0 3843 3843 0 0 0 3843 3843 0 18323 18323 15178 74331 0 0 3252892 0 0 385046 0 0 1746850 0 0 5474297 0 0 0 0 X 0 0 0 0 5474297 0 5474297 0 5474297 0 5474297 18323 7686 5500306 5500306 0 255 0 255 0 255 3571 0 0 0 3571 0 3316 0 3316 0 0 0 0 0 0 0 0 0 1 1 1 OH 1 0 0 0 0 1 N/A CHARLES M DRACKETT JR 2062237000 C/O LANE POWELL 1420 FIFTH AVENUE SEATTLE WA 981012375 0 0 0 0 0 0 0 0 1 2021 1 0 0 0 0 0 0 0 0 0 0 0 0 CHARLES M DRACKETT JR 13313 SALISHAN LANE MOUNT VERNON WA 98273 PRESIDENT 0.00 0 0 0 SUSAN G DRACKETT 13313 SALISHAN LANE MOUNT VERNON WA 98273 SECRETARY/ TREASURER 0.00 0 0 0 MARY FRANCES BURGIN 583 WALLA WALLA WAY LA CONNER WA 98257 DIRECTOR 0.00 0 0 0 NONE 0 NONE 0 0 7547979 29615 0 7577594 0 0 7577594 113664 7463930 120647 120647 255 255 120392 0 120392 0 120392 0 0 0 120392 419306 0 0 0 0 0 0 0 0 0 0 0 0 0 0 419306 120392 0 0 0 CHARLES M DRACKETT JR X 0 0 14 265 14 21901 0 22166 0 22166 0 0 0 0 0 0 0 0 0 0 GROWING TREE FOUNDATION CO LANE POWELL 1420 5TH AVE NO 4200 SEATTLE WA 98101 CASH TOTALING $33,501PUBLICLY TRADED SECURITIES WITH A FAIR MARKET VALUE TOTALING $7,410,565 7444066 EXCEPTION FOR FILING FORM 4720 FORM 990, PART VI-B, LINE 2(B) ON OCTOBER 26TH, 2022, GROWING TREE FOUNDATION INC. ("OHIO ENTITY") MADE AN IRC SECTION 507(B)(2) TRANSFER OF ALL OF ITS ASSETS TO GROWING TREE FOUNDATION ("WASHINGTON ENTITY") (EIN: 87-2623940) PURSUANT TO A STAUTORY MERGER. THE WASHINGTON ENTITY IS ALSO A PRIVATE NON-OPERATING FOUNDATION. THIS TRANSFER CONSTITUTED A COMPLETE AND FINAL DISTRIBUTION OF THE OHIO ENTITY'S ASSETS.AT THE END OF THE TAX YEAR ENDING OCTOBER 26TH, 2022, THE OHIO ENTITY HAD "UNDISTRIBUTED INCOME" AS DESCRIBED IN IRC SECTION 4942(C). REV. RUL. 2002-28 PROVIDES THAT THE TRANSFEREE FOUNDATION(S) IN AN IRS SECTION 507(B)(2) TRANSFER ASSUME ALL OBLIGATIONS WITH RESPECT TO THE TRANSFEROR'S UNDISTRIBUTED INCOME WITHIN THE MEANING OF IRC SECTION 4942(C). ALL OF THE UNDISTRIBUTED INCOME ON THE OHIO ENTITY'S FINAL TAX RETURN WILL BE ASSUMED BY THE WASHINGTON ENTITY AND WILL BE REPORTED AS UNDISTRIBUTED INCOME AND MUST BE DISTRIBUTED BY THE WASHINGTON ENTITY BY THE END OF THE 2022 TAX YEAR TO AVOID EXCISE TAX ON UNDISTRIBUTED INCOME.THE OHIO ENTITY ANSWERED "YES" TO PART VI-B, QUESTION 2A OF FORM 990-PF. ACCORDING TO THE INSTRUCTIONS FOR FORM 4720, RETURN OF CERTAIN EXCISE TAXES UNDER CHAPTERS 41 AND 42 OF THE INTERNAL REVENUE CODE, GENERALLY FORM 4720 MUST BE FILED FOR ORGANIZATIONS THAT ANSWERED YES TO QUESTION 2A; HOWEVER, SINCE THE WASHINGTON ENTITY WILL ASSUME THE OBLIGATION WITH RESPECT TO THE UNDISTRIBUTED INCOME, THE OHIO ENTITY DOES NOT OWE EXCISE TAX AND IS NOT REQUIRED TO FILE FORM 4720 TO CALCULATE SUCH TAX. ON OCTOBER 26TH, 2022, THE FOUNDATION MADE AN IRC SECTION 507(B)(2) TRANSFER OF THE ENTIRETY OF ITS ASSETS TO GROWING TREE FOUNDATION (EIN: 87-2623940) PURSUANT TO A STATUTORY MERGER EFFECTIVE OCTOBER 26TH, 2022. THE RECIPIENT OF THE 507(B)(2) TRANSFER IS A PRIVATE NON-OPERATING FOUNDATION. THIS TRANSFER CONSTITUTED A FINAL DISTRIBUTION OF THE FOUNDATION'S ASSETS. REV. RUL. 2002-28 HOLDS THAT IF A PRIVATE FOUNDATION TRANSFERS ALL OF ITS ASSETS UNDER IRC SECTION 507(B)(2) AND CHOOSES TO PROVIDE NOTICE OF INTENT TO TERMINATE, IT IS SUBJECT TO THE IRS SECTION 507(C) TAX; HOWEVER, IF THE PRIVATE FOUNDATION HAS NO ASSETS ON THE DAY IT PROVIDES NOTICE, THE IRC SECTION 507(C) TAX WILL BE ZERO. SINCE THE FOUNDATION IS PROVIDING NOTICE AFTER ALL ASSETS WERE DISTRIBUTED, THE FOUNDATION DOES NOT OWE TERMINATION TAX UNDER SECTION 507(C). 507(B)(2) DISTRIB. TO GROWING TREE FOUNDATION (87-2623940) 5500306 PRIOR YEAR ADJUSTMENT 7686 INVESTMENT ADVISORY FEES 3843 3843 0