2025-12-12T13:44:43-06:00 2025-10-31 270855205 LERROSARBEY PLLC 1499 W PALMETTO PARK RD STE 107 BOCA RATON FL 33486 990PF 2024-11-01 592070983 THOMSEN FOUNDATION INC THOM 5619950064 5079 N DIXIE HIGHWAY 289 OAKLAND PARK FL 333344000 VALERIE ARMAGNO VP/SECRETARY 5619950064 2025-12-10 1 1 VICTOR LERRO P00241712 5619950064 2025-12-10 2024 2025-03-06 01:10:19Z X 10038178 X 3915955 X 6143 6143 113771 113771 1171703 3545576 1171703 5207572 1291617 0 0 0 12400 0 12400 18874 18874 0 46 0 0 2273 193 0 1028 1028 0 34621 20095 12400 275000 275000 309621 20095 287400 4897951 1271522 -3 -3 33055 144504 144504 4404028 6682414 7815572 701891 2087845 2064043 12772 12772 14062 5151746 8927532 10038178 1410 1410 0 X 5150336 10048287 0 0 0 -1120755 5150336 8927532 5151746 8927532 5150336 4897951 0 10048287 1120755 8927532 MERRILL LYNCH (02284) P 28481 32206 -3725 -3725 FIDELITY (Y99) P 3517095 2341667 1175428 1175428 1171703 17674 0 17674 0 17674 2080 0 0 0 2080 18 15612 0 0 0 0 0 0 0 0 0 0 1 1 FL 1 0 0 0 0 1 N/A LERROSARBEY 5619950064 500 E BROWARD BLVD SUITE 1650 FORT LAUDERDALE FL 33394 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SUSAN DAVIS 5079 N DIXIE HIGHWAY 289 OAKLAND PARK FL 33334 PRESIDENT 1.00 0 0 0 VALERIE S ARMAGNO 5079 N DIXIE HIGHWAY 289 OAKLAND PARK FL 33334 VP/SECRETARY 1.00 0 0 0 ROWENA DEEN 5079 N DIXIE HIGHWAY 289 OAKLAND PARK FL 33334 TREASURER 1.00 0 0 0 NONE 0 NONE 0 THE ACTIVITIES OF THE FOUNDATION CONSIST LARGELY OF MAKING DONATIONS TO QUALIFIED CHARITABLE ORGANIZATIONS EACH YEAR. FOR THE YEAR ENDED OCTOBER 31, 2025, CONTRIBUTION WAS MADE TO ONE ORGANIZATION. 275000 0 6855218 113241 0 6968459 0 0 6968459 104527 6863932 343197 343197 17674 17674 325523 0 325523 0 325523 287400 0 287400 325523 273174 0 0 287400 273174 0 0 14226 0 0 0 0 0 0 0 0 311297 0 0 0 X MAYO CLINIC DEPT OF DEVELOPMENT 200 FIRST STREET SW ROCHESTER MN 55905 NONE EXEMPT TO BE USED FOR QUALIFIED PURPOSES 275000 275000 0 14 6143 14 113771 18 1171703 0 1291617 0 1291617 0 0 0 0 0 0 0 0 0 0 ACCOUNTING AND TAX PREPARATION 12400 0 12400 FIDELITY INVESTMENTS - Y99 1932597 1909276 MERRILL LYNCH - 02284 155248 154767 PIPP, INC. (6,018 SH) 3497678 3922593 FIDELITY INVESTMENTS-Y99 2989520 3430483 MERRILL LYNCH - 02284 195216 462496 MERRILL LYNCH - 02284 AT COST 12772 14062 VALUE OF STOCKS BOOK-TAX DIFFERENCE 1120755 AMORTIZATION 908 908 0 BANK FEES 120 120 0 BROKER FEES 18874 18874 0 1. DESCRIPTION: FOR THE ENTIRE FISCAL YEAR, THE FOUNDATION OWNED 6,018 SHARES OF PIPP, INC.2. PERCENT OF TOTAL: THE FOUNDATION OWNED 70.74% OF THE ISSUED AND OUTSTANDING STOCK OF PIPP, INC. AT THE BEGINNING OF THE YEAR. AT THE END OF THE YEAR, THE FOUNDATION HAD THE SAME PERCENTAGE OF OWNERSHIP STOCK, SINCE NO ADDITIONAL SHARES WERE CONTRIBUTED IN CURRENT FISCAL YEAR.3. FAIR MARKET VALUE: THE AVERAGE MONTHLY FAIR MARKET VALUE OF THE PIPP, INC. STOCK HELD BY THE FOUNDATION BEFORE DISCOUNT IS $3,692,083.4. DISCOUNT CLAIMED: 15%5. REASON FOR DISCOUNT: PIPP, INC. IS A CLOSELY HELD CORPORATION WHOSE ASSETS CONSIST OF INVESTMENTS. BECAUSE OF THE SMALL NATURE OF THE COMPANY, THERE IS NO AVAILABLE MARKET FOR DISPOSAL OF THE STOCK. CONSEQUENTLY, A SUBSTANTIAL DISCOUNT WOULD BE APPROPRIATE IN ORDER TO MAKE AN INTEREST IN SUCH AN INVESTMENT ATTRACTIVE. 15% IS CONSIDERED TO BE A REASONABLE DISCOUNT FOR A MAJORITY INTEREST. FOREIGN TAXES 193 193 0 FEDERAL EXCISE TAX 2080 0 0