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          <BusinessName>
            <BusinessNameLine1Txt>Modus Condito LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO BOX 28816</AddressLine1Txt>
            <CityNm>SAN DIEGO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92198</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>CONSULTING</ServiceTypeTxt>
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      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>IMEC PROMOTES INDUSTRIALLY RELEVANT SCIENTIFIC RESEARCH BY STREAMLINING COMMUNICATION BETWEEN COMPANIES WHICH WISH TO USE IMEC INTERNATIONAL'S RESEARCH AS A BASIS FOR THEIR NEXT GENERATION PRODUCT DEVELOPMENT. IMEC'S STAFF WORKS HAND IN HAND WITH ITS PARTNER COMPANIES AND UNIVERSITIES IN DEFINING THE CHALLENGES OF THE FUTURE FOR EACH COMPANY AND ESTABLISHING THE BRIDGE BETWEEN IMEC'S SCIENTIFIC RESEARCH HEADQUARTERS AND THE SCIENTIFIC COMMUNITY IN THE UNITED STATES. IMEC MAKES THE NEXT GENERATION OF THE TECHNOLOGY MORE ACCESSIBLE AND AFFORDABLE FOR DEVELOPERS OF THE TECHNOLOGY WHILE CREATING A WORKING ENVIRONMENT BETWEEN UNIVERSITIES AND INDUSTRY. IMEC WORKS WITH UNITED STATES COMPANIES THAT DEPLOY DISRUPTIVE TECHNOLOGIES IN DOMAINS SUCH AS MOBILITY, HEALTH, INDUSTRY 4.0, COMMUNICATION, AND OTHERS BY PROVIDING THEM THE BREAKTHROUGH TECHNOLOGY THAT ENABLES SUCH DISRUPTION.</Description1Txt>
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      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
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      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
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        <AverageMonthlyCashBalancesAmt>796227</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>796227</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>796227</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>11943</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>784284</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>39214</MinimumInvestmentReturnAmt>
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      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
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      <PFQualifyingDistributionsGrp>
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        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>49293</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2014-12-22</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
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          <Year1Amt>30872</Year1Amt>
          <Year2Amt>6439</Year2Amt>
          <Year3Amt>31896</Year3Amt>
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        <Pct85LessorAdjIncmOrMinRetGrp>
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          <Year1Amt>26241</Year1Amt>
          <Year2Amt>5473</Year2Amt>
          <Year3Amt>27112</Year3Amt>
          <TotalAmt>92158</TotalAmt>
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          <CurrentYearAmt>49293</CurrentYearAmt>
          <Year1Amt>71395</Year1Amt>
          <Year2Amt>192364</Year2Amt>
          <Year3Amt>95835</Year3Amt>
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          <Year1Amt>0</Year1Amt>
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          <TotalAmt>0</TotalAmt>
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        <QualifyingDistriMadeDrtGrp>
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          <Year3Amt>95835</Year3Amt>
          <TotalAmt>408887</TotalAmt>
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          <CurrentYearAmt>26143</CurrentYearAmt>
          <Year1Amt>20581</Year1Amt>
          <Year2Amt>32303</Year2Amt>
          <Year3Amt>21264</Year3Amt>
          <TotalAmt>100291</TotalAmt>
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      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <TotalGrantOrContriPdDurYrAmt>0</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
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      <AnalysisIncomeProducingActyGrp>
        <OtherRevenueDescribedGrp>
          <Desc>MANAGEMENT FEES</Desc>
          <RelatedOrExemptFunctionIncmAmt>7940403</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>0</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>7940403</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>7940403</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>Form</LineNumberTxt>
          <RelationshipStatementTxt>IMEC, INC. STREAMLINES COMMUNICATION BETWEEN COMPANIES WHICH WISH TO USE IMEC INTERNATIONAL'S RESEARCH AS A BASIS FOR THEIR NEXT GENERATION PRODUCT DEVELOPMENT. IMEC'S STAFF WORKS HAND IN HAND WITH ITS PARTNER COMPANIES AND UNIVERSITIES IN DEFINING THE CHALLENGES OF THE FUTURE FOR EACH COMPANY AND ESTABLISHING THE BRIDGE BETWEEN IMEC'S SCIENTIFIC RESEARCH HEADQUARTERS AND THE SCIENTIFIC COMMUNITY IN THE UNITED STATES.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="24020961" softwareVersionNum="2024v5.1">
      <AccountingFeesDetail>
        <CategoryTxt>Accounting Fees</CategoryTxt>
        <Amt>39867</Amt>
        <DisbursementsCharitablePrpsAmt>39867</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="24020961" softwareVersionNum="2024v5.1">
      <LegalFeesGrp>
        <CategoryTxt>Legal Fees</CategoryTxt>
        <LegalFeesAmt>7245</LegalFeesAmt>
        <AdjustedNetIncomeAmt>7245</AdjustedNetIncomeAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="24020961" softwareVersionNum="2024v5.1">
      <OtherAssetsScheduleGrp>
        <Desc>Operating lease right-of-use asset</Desc>
        <BOYBookValueAmt>107850</BOYBookValueAmt>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>LONG TERM DEPOSITS</Desc>
        <BOYBookValueAmt>22789</BOYBookValueAmt>
        <EOYBookValueAmt>2612</EOYBookValueAmt>
        <EOYFMVAmt>2612</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="24020961" softwareVersionNum="2024v5.1">
      <OtherExpensesScheduleGrp>
        <Desc>Dues &amp; Subscriptions</Desc>
        <RevenueAndExpensesPerBooksAmt>33806</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>33806</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Meals &amp; Entertainment</Desc>
        <RevenueAndExpensesPerBooksAmt>92420</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>92420</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Trade Show</Desc>
        <RevenueAndExpensesPerBooksAmt>23222</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>23222</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Telephone</Desc>
        <RevenueAndExpensesPerBooksAmt>23260</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>23260</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Training</Desc>
        <RevenueAndExpensesPerBooksAmt>40875</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>40875</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office Supplies</Desc>
        <RevenueAndExpensesPerBooksAmt>9426</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>9426</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>1906</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>1906</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Bank fees</Desc>
        <RevenueAndExpensesPerBooksAmt>1356</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>1356</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Postage &amp; Delivery</Desc>
        <RevenueAndExpensesPerBooksAmt>251</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>251</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Lease &amp; Security Deposit Transfer</Desc>
        <RevenueAndExpensesPerBooksAmt>11842</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>11842</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Advertising</Desc>
        <RevenueAndExpensesPerBooksAmt>6199</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>6199</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>payroll admin fees</Desc>
        <RevenueAndExpensesPerBooksAmt>14597</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>14597</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="24020961" softwareVersionNum="2024v5.1">
      <OtherIncomeDetail>
        <Desc>Management fees</Desc>
        <RevenueAndExpensesPerBooksAmt>7770737</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>7770737</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ICO Charges refund</Desc>
        <RevenueAndExpensesPerBooksAmt>169571</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>169571</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Other Revenue</Desc>
        <RevenueAndExpensesPerBooksAmt>95</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>95</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="24020961" softwareVersionNum="2024v5.1">
      <OtherLiabilitiesDetail>
        <Desc>Operating lease obligation</Desc>
        <BOYBookValueAmt>118472</BOYBookValueAmt>
        <EOYBookValueAmt>0</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="24020961" softwareVersionNum="2024v5.1">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Consultant Fees</CategoryTxt>
        <Amt>61819</Amt>
        <AdjustedNetIncomeAmt>61819</AdjustedNetIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="24020961" softwareVersionNum="2024v5.1">
      <TaxesDetail>
        <CategoryTxt>CA Annual Charitable Trust Registration</CategoryTxt>
        <Amt>70</Amt>
        <AdjustedNetIncomeAmt>70</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>