JAMES L & NELLIE WESTLAKE SFUND-UMA
EIN 43-6248269, tax year July 1, 2024 to June 30, 2025. The return the foundation filed, as the IRS published it, with its arithmetic re-done exactly and sealed September 28, 2026.
Listed in the IRS register as JAMES L & NELLIE M WESTLAKE SCHOLARSHIP FOUNDATION 160940K MER. The name above is as written on the return; the EIN is the same foundation.
This is the latest return the IRS has published for this foundation, for the tax year ended 2025-06-30. The IRS received it on October 17, 2025.
Nothing carried into the next year: the return shows the year’s amount paid within the year.
Every line we re-do agrees with the return as filed.
Keep this record for the foundation, year on year: the Filing Record, the foundation’s own order, cancellable in writing for a full refund until thirty days after the filing deadline.
the distributable amount (Part XI ÷ Part X)
undistributed income, Part XII: nothing carried into the next year
of net noncharitable-use assets; the legal test is the distributable amount, not this rate
end of the tax year, Part II
594918104 MICROSOFT CORP
of total assets, from that one name
Filing Record: $2,600 a year, direct or at cost through the firm that prepares the return. This page stays whether or not the foundation buys anything. Cancel in writing for any reason, any time up to 30 days after your statutory 990-PF filing deadline (or 12 months from invoice, whichever is earlier): the year is refunded in full to the payer, and seals already generated remain checkable. Or write to a person →
Nothing here can be changed quietly. Try it
This page’s own short link: paretoalphasystems.com/p/b7952f826f01 — it fits on a printed page, and whoever opens it can run the same check.
The return’s own arithmetic, re-done
| Line | As filed | Recomputed | Result |
|---|---|---|---|
| Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6) | $1,098,794 | $1,098,793.65 | recomputes, within the form's whole-dollar rounding (difference $0.35) |
| Excise tax: 1.39% of net investment income (Part V line 1) | $14,886 | $14,885.9826 | recomputes, within the form's whole-dollar rounding (difference $0.0174) |
| Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7) | $1,083,908 | $1,083,908 | recomputes exactly |
Where the assets sit, at fair market value
| Part II line | Fair market value | Share of assets |
|---|---|---|
| Savings and temporary cash investments (line 2) | $679,736 | 2.9% |
| Corporate stock (line 10b) | $4.7M | 20.1% |
| Other investments (line 13) | $18M | 77.0% |
The ten largest listed stocks, of 48 on the schedule
The schedule ties to Part II line 10b exactly. It behaves like 24.2 equal holdings; the ten largest are 55.7% of the listed stock.
| Stock, as listed | Fair market value | Share of assets |
|---|---|---|
| 594918104 MICROSOFT CORP | $411,855 | 1.8% |
| 037833100 APPLE INC | $351,867 | 1.5% |
| 023135106 AMAZON.COM INC | $293,983 | 1.3% |
| 02079K305 ALPHABET INC CL A | $283,202 | 1.2% |
| 67066G104 NVIDIA CORP | $281,064 | 1.2% |
| 30303M102 FACEBOOK INC A | $262,022 | 1.1% |
| 46625H100 J P MORGAN CHASE CO | $231,928 | 1.0% |
| 90353T100 UBER TECHNOLOGIES IN | $204,700 | 0.9% |
| 808513105 SCHWAB CHARLES CORP | $169,615 | 0.7% |
| 931142103 WAL MART STORES INC | $134,154 | 0.6% |
Largest other investments (line 13), as listed
| 464287226 ISHARES CORE U.S. AG | $2.9M | 12.3% |
| 74440B884 PGIM TOTAL RETURN BO | $1.7M | 7.4% |
| 46432F842 ISHARES CORE MSCI EA | $1.7M | 7.3% |
| 46434G103 ISHARES CORE MSCI EM | $1.5M | 6.2% |
| 464287499 ISHARES RUSSELL MID | $1.2M | 5.1% |
What the foundation answered on the form
- Part VI-B 4a: did the foundation invest during the year in a manner that would jeopardize its charitable purposes? No
- Part VI-B 4b: did it make any investment in a prior year that could jeopardize its charitable purpose and that had not been removed from jeopardy? No
- Part VI-B 3a: did it hold more than a 2% direct or indirect interest in any business enterprise? No
- Part VI-B 3b: did it have excess business holdings? Not answered (3a is “No”, so the form does not ask 3b. Our note; not part of the seal.)
- Part VI-B 2a: did it have undistributed income for prior years? No
Quoted as filed. These are the foundation’s own answers; this page does not test them.
Nine controls, read from the return.
Each control reads one part of the filed return and states a fact in a fixed vocabulary: agrees, differs, reported, not reported, not applicable, not checked. Whether any of it met a requirement is counsel’s question, not this page’s.
Recomputed each time the page is read; not part of the seal. The seal covers the body above (controls v2, kernel@2026-09-15.1).
This return: 4 agree, 4 reported, 1 not checked.
| Control | Reads | Result | Detail |
|---|---|---|---|
| Minimum investment return | Part IX line 6 against 5% of line 5, prorated for a short year | agrees | Filed $1,098,794; recomputed $1,098,793.65; agrees within the form's whole-dollar rounding. |
| Excise tax | Part V line 1 against 1.39% of net investment income | agrees | Filed $14,886; recomputed $14,885.98; agrees within the form's whole-dollar rounding. |
| Distributable amount | Part X line 7 against the form's own chain from line 1 | agrees | Filed $1,083,908; recomputed $1,083,908; agrees to the dollar. |
| Payout coverage | Part XI total against Part X line 7 | reported | Qualifying distributions $941,448 against a distributable amount of $1,083,908 (0.87×). |
| Payout deadline | Part XII undistributed income and the date it falls due | reported | Part XII reports $0 undistributed income for the year ended 30 June 2025: nothing carried into the next year, so nothing from this year falls due by 30 June 2026. |
| Holdings tie-out | The corporate-stock schedule against Part II line 10b | agrees | 48 listed holdings sum to Part II line 10b exactly; the largest is 1.8% of total assets. |
| The foundation's own answers | Part VI-B 2a, 3a, 3b, 4a and 4b, each answered | reported | All 4 answered No (3b not asked: 3a is No). |
| Filing timeliness | The e-file timestamp beside the original due date and the extension window, each with its IRC §7503 roll to the next business day | reported | Return timestamped 17 October 2025; the original due date was 15 November 2025 (a Saturday, so 17 November 2025 under IRC §7503); the six-month extension window ended 15 May 2026. Whether an extension was granted is not visible in the e-file; the timestamp is the preparer software's, not the IRS receipt. |
| Year-to-year continuity | This year's opening balances against last year's closing | not checked | Needs the prior year's return; one sealed year cannot check itself. |
A line that differs is the return’s figure beside the recomputed one, as filed and as recomputed. The return may carry a reason this page cannot read: a schedule filed on paper, an election, a later amendment. It is not a finding. The page is not indexed. It is read by whoever holds the link: the person who asked for it, and anyone the foundation sends it to, its preparer first.
Year-to-year continuity needs two filed years on record. The years, below, reads this foundation’s filed returns in order and holds each against the one before.
A payout is owed on last year’s assets, whatever this year’s market does.
Recomputed each time the page is read; not part of the seal. The seal covers the body above (forward v2, kernel@2026-09-15.1). Read against October 8, 2026.
| By | What | Amount | Basis |
|---|---|---|---|
| November 16, 2026 | Excise tax on the year ending 30 June 2026, due with that return by 15 November 2026 (a Sunday, so 16 November 2026 under IRC §7503) | $14,885 | Projected under the assumptions below |
| June 30, 2027 | Distributable amount for the year ending 30 June 2026, to be paid out | $1,083,907 | Projected under the assumptions below |
If net noncharitable-use assets fell 20% over the year ending June 30, 2026: what is owed now, nothing from Part XII, is unchanged; the following year’s minimum investment return would be $879,034, $219,758 less than the projection.
The assumptions, the forward kernel proof, and what was refused
- Net noncharitable-use assets for the year ending 30 June 2026 equal this return's Part IX line 5, $21975873; the thirteen-month average is not observable from a filing.
- Net investment income for that year equals this return's, $1070934.
- No recoveries, income tax or deduction next year; the rates stay 5% and 1.39%; a full tax year.
- The fall shown is 20% of net noncharitable-use assets, applied to next year's average only; what is already owed was computed on this year's average and is unchanged.
- Forward kernel proof (the projection’s own, recomputed, not sealed)
fe51100d2f89c4a2…· kernel@2026-09-15.1 · forward v2, controls v2
- A projection under the stated assumptions, from the foundation's own filed figures; not a forecast, not advice.
- The foundation's preparer computes the actual amounts from the year's monthly values; this page states what the last return implies if nothing changes.
- What is already owed was computed on last year's average assets and does not change with this year's market.
One return is one year. The payout is kept across six.
What a foundation leaves undistributed is due by the end of the next tax year, and what it distributes beyond the year’s amount may be applied in the five years after. So what is owed, and what may be set against it, is only readable across the filed years. The IRS publishes those years; this reads them in order, re-adds each Part XII, and holds each year’s opening lines against the year before’s closing lines.
Sealed under a hash of their own the first time they are opened; not part of the seal above.
Up to six filed returns, read from the IRS and sealed under one hash, at a page of their own. Nothing about you is recorded.
The seal
Recomputed just now: it matches what was sealed on September 28, 2026. Anyone can check it without us.
For your auditor: what this hash is over, and how to check it from the IRS’s own file
b7952f826f01c3ced170aef69c4440e221c83305a726a849dd3a2e613db42607 · recomputed now, matches202542909349100619, schema 2024v5.2 — the file as the IRS published it hashes to 464288218860bc6d…202542909349100619_public.xml inside 2025_TEOS_XML_11B.zip at irs.gov — not part of the seal; fetch it yourself with verify_proof.py b7952f826f01 --fetchkernel@2026-09-15.1 · kernel proof 1098268e90faa0fe…b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b · commit 7dd856f88a5e — the digest of the 990-PF rules this proof was sealed under (body v2); a proof of the same return under later rules names this hash as supersededThis page is not listed on this site and asks search engines not to index it. It is reached by its link, which whoever asked for it holds.
This foundation’s finance lead or counsel: to add a note beside this page, ask for a correction, or keep the record, write to us.
11,842 foundation returns re-done by the same code; in 11,827 every line we recompute agrees. The study.
This page stays whether or not the foundation buys anything.
Filing Record: $2,600 a year, direct or carried at cost by the firm that prepares the return.
The program, and the full body that was hashed
let total_assets_fmv = 23410584 USD let mix_savings = share(679736 USD, total_assets_fmv) let mix_stock = share(4712372 USD, total_assets_fmv) let mix_other = share(18018476 USD, total_assets_fmv) let net_noncharitable_assets = 21975873 USD let mir_filed = 1098794 USD let mir_recomputed = net_noncharitable_assets * 5% let mir_difference = mir_filed - mir_recomputed let net_investment_income = 1070934 USD let excise_filed = 14886 USD let excise_recomputed = net_investment_income * 1.39% let excise_difference = excise_filed - excise_recomputed let distributable_filed = 1083908 USD let distributable_recomputed = 1098794 USD - 14886 USD + 0 USD - 0 USD let distributable_difference = distributable_filed - distributable_recomputed let qualifying_distributions = 941448 USD let payout_coverage = qualifying_distributions / distributable_filed let payout_rate = share(qualifying_distributions, net_noncharitable_assets) let undistributed_to_next_year = 0 USD let stocks = [411855 USD, 351867 USD, 293983 USD, 283202 USD, 281064 USD, 262022 USD, 231928 USD, 204700 USD, 169615 USD, 134154 USD, 133180 USD, 132109 USD, 120666 USD, 119158 USD, 117632 USD, 114598 USD, 112933 USD, 102721 USD, 64278 USD, 63049 USD, 62955 USD, 62516 USD, 58128 USD, 56515 USD, 55922 USD, 52988 USD, 52467 USD, 51984 USD, 50830 USD, 49217 USD, 47682 USD, 45479 USD, 33158 USD, 29434 USD, 28750 USD, 25851 USD, 25084 USD, 23459 USD, 22673 USD, 21531 USD, 21419 USD, 21047 USD, 19534 USD, 19137 USD, 18941 USD, 18296 USD, 17186 USD, 15475 USD] let stock_count = count(stocks) let largest_stock = max(stocks) let largest_stock_share_of_assets = share(largest_stock, total_assets_fmv) let top10_share_of_stock = share(sum([411855 USD, 351867 USD, 293983 USD, 283202 USD, 281064 USD, 262022 USD, 231928 USD, 204700 USD, 169615 USD, 134154 USD]), sum(stocks)) let stock_concentration = hhi(stocks) let effective_stock_holdings = 1 / stock_concentration let largest_stock_halved_share_of_assets = share(largest_stock * 50%, total_assets_fmv)
{
"mix": [
{
"fmv": "679736",
"line": "savings",
"label": "Savings and temporary cash investments (line 2)",
"share": "0.0290354140674149777724468556615"
},
{
"fmv": "4712372",
"line": "stock",
"label": "Corporate stock (line 10b)",
"share": "0.201292372714837015599439979797"
},
{
"fmv": "18018476",
"line": "other",
"label": "Other investments (line 13)",
"share": "0.769672213217748006628113164541"
}
],
"kind": "public-filing-990pf",
"lens": "AXIOM",
"build": {
"commit": "7dd856f88a5ecf553ea48f52397c50a503af0e0d",
"digest": "b839212b6742304a91af2ff9e04e24acdb32ac9fd48760e6b89289b532c4c45b"
},
"filer": {
"ein": "436248269",
"name": "JAMES L & NELLIE WESTLAKE SFUND-UMA"
},
"scope": [
"Every figure here is the foundation's own filed return or exact arithmetic on it; nothing is estimated.",
"A 990-PF is a year-end snapshot. Prudence is judged at the time of each decision, which a filing cannot show.",
"This page neither establishes nor rules out any tax consequence, and no return is prepared or amended here.",
"A line that differs is the return's figure beside the recomputed one, as filed and as recomputed. The return may carry a reason this page cannot read: a schedule filed on paper, an election, a later amendment. It is not a finding."
],
"checks": [
{
"id": "minimum_investment_return",
"note": null,
"filed": "1098794",
"label": "Minimum investment return: 5% of net noncharitable-use assets (Part IX line 6)",
"verdict": "rounding",
"difference": "0.35",
"recomputed": "1098793.65"
},
{
"id": "excise_tax",
"note": null,
"filed": "14886",
"label": "Excise tax: 1.39% of net investment income (Part V line 1)",
"verdict": "rounding",
"difference": "0.0174",
"recomputed": "14885.9826"
},
{
"id": "distributable_amount",
"note": null,
"filed": "1083908",
"label": "Distributable amount: minimum investment return − taxes + recoveries − deduction (Part X line 7)",
"verdict": "exact",
"difference": "0",
"recomputed": "1083908"
}
],
"engine": "kernel@2026-09-15.1",
"source": {
"form": "990-PF",
"lines": {
"netInvestmentIncome": "1070934",
"grossInvestmentIncome": "1167744",
"netNoncharitableAssets": "21975873",
"undistributedCurrentYear": "0"
},
"period": {
"end": "2025-06-30",
"days": 365,
"begin": "2024-07-01"
},
"amended": false,
"foreign": {
"organization": false,
"meets85PctTest": false
},
"objectId": "202542909349100619",
"returnTs": "2025-10-17T10:01:25-05:00",
"operating": false,
"sourceSha256": "464288218860bc6dfad36ddb532c5ca1d8c4cb5826b02b226c600de3c7fb6fe6",
"returnVersion": "2024v5.2",
"partXBoxChecked": false
},
"answers": [
{
"answer": "No",
"question": "Part VI-B 4a: did the foundation invest during the year in a manner that would jeopardize its charitable purposes?"
},
{
"answer": "No",
"question": "Part VI-B 4b: did it make any investment in a prior year that could jeopardize its charitable purpose and that had not been removed from jeopardy?"
},
{
"answer": "No",
"question": "Part VI-B 3a: did it hold more than a 2% direct or indirect interest in any business enterprise?"
},
{
"answer": "Not answered",
"question": "Part VI-B 3b: did it have excess business holdings?"
},
{
"answer": "No",
"question": "Part VI-B 2a: did it have undistributed income for prior years?"
}
],
"program": "let total_assets_fmv = 23410584 USD\nlet mix_savings = share(679736 USD, total_assets_fmv)\nlet mix_stock = share(4712372 USD, total_assets_fmv)\nlet mix_other = share(18018476 USD, total_assets_fmv)\nlet net_noncharitable_assets = 21975873 USD\nlet mir_filed = 1098794 USD\nlet mir_recomputed = net_noncharitable_assets * 5%\nlet mir_difference = mir_filed - mir_recomputed\nlet net_investment_income = 1070934 USD\nlet excise_filed = 14886 USD\nlet excise_recomputed = net_investment_income * 1.39%\nlet excise_difference = excise_filed - excise_recomputed\nlet distributable_filed = 1083908 USD\nlet distributable_recomputed = 1098794 USD - 14886 USD + 0 USD - 0 USD\nlet distributable_difference = distributable_filed - distributable_recomputed\nlet qualifying_distributions = 941448 USD\nlet payout_coverage = qualifying_distributions / distributable_filed\nlet payout_rate = share(qualifying_distributions, net_noncharitable_assets)\nlet undistributed_to_next_year = 0 USD\nlet stocks = [411855 USD, 351867 USD, 293983 USD, 283202 USD, 281064 USD, 262022 USD, 231928 USD, 204700 USD, 169615 USD, 134154 USD, 133180 USD, 132109 USD, 120666 USD, 119158 USD, 117632 USD, 114598 USD, 112933 USD, 102721 USD, 64278 USD, 63049 USD, 62955 USD, 62516 USD, 58128 USD, 56515 USD, 55922 USD, 52988 USD, 52467 USD, 51984 USD, 50830 USD, 49217 USD, 47682 USD, 45479 USD, 33158 USD, 29434 USD, 28750 USD, 25851 USD, 25084 USD, 23459 USD, 22673 USD, 21531 USD, 21419 USD, 21047 USD, 19534 USD, 19137 USD, 18941 USD, 18296 USD, 17186 USD, 15475 USD]\nlet stock_count = count(stocks)\nlet largest_stock = max(stocks)\nlet largest_stock_share_of_assets = share(largest_stock, total_assets_fmv)\nlet top10_share_of_stock = share(sum([411855 USD, 351867 USD, 293983 USD, 283202 USD, 281064 USD, 262022 USD, 231928 USD, 204700 USD, 169615 USD, 134154 USD]), sum(stocks))\nlet stock_concentration = hhi(stocks)\nlet effective_stock_holdings = 1 / stock_concentration\nlet largest_stock_halved_share_of_assets = share(largest_stock * 50%, total_assets_fmv)",
"results": {
"mir_filed": "1098794 USD",
"mix_other": "0.769672213217748006628113164541",
"mix_stock": "0.201292372714837015599439979797",
"mix_savings": "0.0290354140674149777724468556615",
"payout_rate": "0.0428400728380619964449193895505",
"stock_count": "48",
"excise_filed": "14886 USD",
"largest_stock": "411855 USD",
"mir_difference": "0.35 USD",
"mir_recomputed": "1098793.65 USD",
"payout_coverage": "0.868568181063337478826616281087",
"total_assets_fmv": "23410584 USD",
"excise_difference": "0.0174 USD",
"excise_recomputed": "14885.9826 USD",
"distributable_filed": "1083908 USD",
"stock_concentration": "0.0412576118896391395403598174776",
"top10_share_of_stock": "0.556914861560165453830894504933",
"net_investment_income": "1070934 USD",
"distributable_difference": "0 USD",
"distributable_recomputed": "1083908 USD",
"effective_stock_holdings": "24.2379515972694007121343137944",
"net_noncharitable_assets": "21975873 USD",
"qualifying_distributions": "941448 USD",
"undistributed_to_next_year": "0 USD",
"largest_stock_share_of_assets": "0.0175926837194663746961630688068",
"largest_stock_halved_share_of_assets": "0.00879634185973318734808153440341"
},
"version": 2,
"holdings": {
"tie": "exact",
"top": [
{
"fmv": "411855",
"name": "594918104 MICROSOFT CORP",
"shareOfAssets": "0.0175926837194663746961630688068"
},
{
"fmv": "351867",
"name": "037833100 APPLE INC",
"shareOfAssets": "0.0150302529830097361091034721731"
},
{
"fmv": "293983",
"name": "023135106 AMAZON.COM INC",
"shareOfAssets": "0.0125576961258206971684260418279"
},
{
"fmv": "283202",
"name": "02079K305 ALPHABET INC CL A",
"shareOfAssets": "0.01209717792601841970281476105"
},
{
"fmv": "281064",
"name": "67066G104 NVIDIA CORP",
"shareOfAssets": "0.0120058517121999177807781300971"
},
{
"fmv": "262022",
"name": "30303M102 FACEBOOK INC A",
"shareOfAssets": "0.0111924589322504726921805966054"
},
{
"fmv": "231928",
"name": "46625H100 J P MORGAN CHASE CO",
"shareOfAssets": "0.00990697199181361729378472574627"
},
{
"fmv": "204700",
"name": "90353T100 UBER TECHNOLOGIES IN",
"shareOfAssets": "0.00874390831087340666085049394752"
},
{
"fmv": "169615",
"name": "808513105 SCHWAB CHARLES CORP",
"shareOfAssets": "0.00724522720150851426858894250566"
},
{
"fmv": "134154",
"name": "931142103 WAL MART STORES INC",
"shareOfAssets": "0.00573048498063952612203095830501"
}
],
"count": 48,
"schedule": "Corporate stock (line 10b)"
},
"refusals": [],
"blankLines": [],
"kernelProof": "1098268e90faa0fe43f20cc897d65699004f84b3cd2cae569b0af6c4e7a97a97",
"otherInvestments": [
{
"fmv": "2890390",
"name": "464287226 ISHARES CORE U.S. AG",
"shareOfAssets": "0.1234650959583067214384741534"
},
{
"fmv": "1730802",
"name": "74440B884 PGIM TOTAL RETURN BO",
"shareOfAssets": "0.0739324572167870737440808823906"
},
{
"fmv": "1699068",
"name": "46432F842 ISHARES CORE MSCI EA",
"shareOfAssets": "0.0725769164921302262258814218389"
},
{
"fmv": "1459269",
"name": "46434G103 ISHARES CORE MSCI EM",
"shareOfAssets": "0.0623337290517827321180881262936"
},
{
"fmv": "1202324",
"name": "464287499 ISHARES RUSSELL MID",
"shareOfAssets": "0.0513581378405596374699580326574"
}
]
}The seal’s own scope:
- Every figure here is the foundation's own filed return or exact arithmetic on it; nothing is estimated.
- A 990-PF is a year-end snapshot. Prudence is judged at the time of each decision, which a filing cannot show.
- This page neither establishes nor rules out any tax consequence, and no return is prepared or amended here.
- A line that differs is the return's figure beside the recomputed one, as filed and as recomputed. The return may carry a reason this page cannot read: a schedule filed on paper, an election, a later amendment. It is not a finding.
We don’t prepare or file a 990-PF. We read the one the foundation filed, re-do its arithmetic exactly, and seal what it says.