2025-11-17T16:00:20-06:00 2024-12-31 043728817 TRONCONI SEGARRA & ASSOCIATES LLP 8321 MAIN STREET WILLIAMSVILLE NY 14221 990PF 2024-01-01 926681521 JOHN R DAVIS JR I SQUARED R ELEMENT IRRV TR JOHN 7165425511 12600 CLARENCE CENTER RD AKRON NY 14001 RICHARD L CAMPBELL TRUSTEE 7165425511 2025-11-06 1 1 ADAM P OHAR CPA P00844640 7166331373 2025-11-06 2024 2025-03-06 01:10:19Z X 27952496 X 32587449 2420 2420 0 32589869 2420 0 0 0 0 0 18894 0 0 18894 18894 0 0 18894 1032 1032 19926 0 0 19926 32569943 2420 0 2 500035 500035 50253 32461 32461 0 27420000 27420000 50255 27952496 27952496 0 0 X 50255 27952496 50255 27952496 50255 27952496 50255 32569943 0 32620198 4667702 27952496 34 0 34 0 34 0 0 12000 0 12000 0 11966 11966 0 0 0 0 0 0 0 0 0 0 0 1 1 NY 1 0 1 0 0 1 N/A RICHARD L CAMPBELL 7165425511 12600 CLARENCE CENTER ROAD AKRON NY 14001 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FRANK ALABISO PHD 12600 CLARENCE CENTER ROAD AKRON NY 14001 TRUSTEE 1.00 0 0 0 RICHARD L CAMPELL ESQ 12600 CLARENCE CENTER ROAD AKRON NY 14001 TRUSTEE 1.00 0 0 0 KATHLEEN HECKMAN 12600 CLARENCE CENTER ROAD AKRON NY 14001 TRUSTEE 1.00 0 0 0 ROBERT SHABALA 12600 CLARENCE CENTER ROAD AKRON NY 14001 TRUSTEE 1.00 0 0 0 ANDREW BORDEN ESQ 12600 CLARENCE CENTER ROAD AKRON NY 14001 TRUSTEE 1.00 0 0 0 NONE 0 NONE 0 0 0 68147 27420000 27488147 0 0 27488147 412322 27075825 1353791 1353791 34 34 1353757 0 1353757 0 1353757 19926 0 19926 1353757 1032 0 0 19926 1032 0 0 18894 0 0 0 0 0 0 0 0 1334863 0 0 0 X UNIVERSITY AT BUFFALO FOUNDATION INC 101 SERVICE CENTER RD BUFFALO NY 14260 PC BARBARA AND JACK DAVIS ENGINEERING ENDOWMENT FUND. 1032 1032 0 14 2420 0 2420 0 2420 0 0 0 0 0 0 0 0 0 0 X X 1 ESTATE OF JOHN R DAVIS JR 12600 CLARENCE CENTER RD AKRON NY 14001 500000 X 2 ESTATE OF JOHN R DAVIS JR 12600 CLARENCE CENTER RD AKRON NY 14001 32087449 X 2 I SQUARED R. ELEMENT CO, INC. - 42.9 SHS OF COMMON STOCK 32087449 2024-01-01 CONTRIBUTIONS FORM 990-PF, PART I, LINE 1: THE JOHN R. DAVIS JR. I SQUARED R ELEMENT IRREVOCABLE TRUST (THE "CHARITABLE TRUST") WAS ESTABLISHED UPON THE DEATH OF JOHN R. DAVIS, JR. (THE "GRANTOR") ON JANUARY 23, 2023. UNDER THE TERMS OF THE JOHN R. DAVIS 2010 I SQUARED R ELEMENT COMPANY, INC. GRANTOR TRUST (THE "IRREVOCABLE TRUST"), PREVIOUSLY CREATED BY THE GRANTOR, THE CHARITABLE TRUST BECAME THE DESIGNATED BENEFICIARY OF ALL ISSUED AND OUTSTANDING SHARES OF COMMON STOCK OF I SQUARED R ELEMENT COMPANY, INC. (THE "CORPORATION").AT THE TIME OF HIS DEATH, THE GRANTOR OWNED 49 SHARES OF THE CORPORATION'S COMMON STOCK, REPRESENTING 100% OF THE OUTSTANDING SHARES, WITH A FAIR MARKET VALUE OF $36,650,000. THE VALUATION WAS DETERMINED USING METHODOLOGIES CONSISTENT WITH REVENUE RULING 59-60.FOLLOWING THE GRANTOR'S DEATH, THE CORPORATION ELECTED TO REDEEM A PORTION OF ITS OUTSTANDING SHARES FROM THE IRREVOCABLE TRUST UNDER INTERNAL REVENUE CODE SECTION 303, WHICH PROVIDES SALE-OR-EXCHANGE TREATMENT FOR REDEMPTIONS USED TO PAY FEDERAL AND STATE ESTATE TAXES AND ESTATE ADMINISTRATION EXPENSES. ON DECEMBER 29, 2023, THE CORPORATION REDEEMED 6.1 SHARES OF COMMON STOCK FOR $4,562,551. THIS TRANSACTION WAS REPORTED UNDER THE JOHN R. DAVIS 2010 I SQUARED R ELEMENT COMPANY, INC. GRANTOR TRUST (EIN: 46-7460827). AS OF DECEMBER 31, 2023, THE GRANTOR'S ESTATE REMAINED UNDER ADMINISTRATION, AND LEGAL TITLE TO THE REMAINING SHARES CONTINUED TO BE HELD BY THE IRREVOCABLE TRUST.EFFECTIVE JANUARY 1, 2024, ALL REMAINING ISSUED AND OUTSTANDING SHARES OF THE CORPORATION WERE TRANSFERRED INTO THE CHARITABLE TRUST. CONTRIBUTION REVENUE OF $32,087,449 WAS RECOGNIZED IN 2024, REPRESENTING THE DATE-OF-DEATH VALUATION OF THE STOCK NET OF THE REDEMPTION PROCEEDS RECEIVED UNDER THE INTERNAL REVENUE CODE SECTION 303 ELECTION. VALUATION OF CLOSELY HELD STOCK FORM 990-PF, PART IX, LINE 1C: THE FOUNDATION HOLDS SHARES OF CLOSELY HELD COMMON STOCK IN I SQUARED R ELEMENT CO., INC. THE FAIR MARKET VALUE REPORTED IN PART II AND USED IN THE PART X MINIMUM INVESTMENT RETURN CALCULATION WAS DETERMINED AS OF JANUARY 1, 2024, BASED ON A VALUATION PERFORMED IN ACCORDANCE WITH THE PRINCIPLES AND FACTORS SET FORTH IN REVENUE RULING 59-60. THE VALUATION REFLECTS THE MOST REASONABLE ESTIMATE OF FAIR MARKET VALUE FOR THE SHARES AS OF THAT DATE. I SQUARED R ELEMENT CO., INC. - 42.9 SHARES FMV 27420000 27420000 LEGAL 18894 0 0 18894 PRIOR YEAR ACCRUED INTEREST PAID IN CURRENT YEAR 253 CHANGE IN FAIR MARKET VALUE OF INVESTMENTS 4667449 ESTATE OF JOHN R DAVIS 12600 CLARENCE CENTER RD AKRON NY 14001