<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2022v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-01-06T12:47:12-05:00</ReturnTs>
    <TaxPeriodEndDt>2022-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>431500106</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>STANLEY DIRNBERGER HOPPER &amp; ASSOC LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1441 N MOUNT AUBURN RD</AddressLine1Txt>
        <CityNm>CAPE GIRARDEAU</CityNm>
        <StateAbbreviationCd>MO</StateAbbreviationCd>
        <ZIPCd>637012171</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>874066869</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE RHODES FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>RHOD</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>PO BOX 779</AddressLine1Txt>
        <CityNm>CAPE GIRARDEAU</CityNm>
        <StateAbbreviationCd>MO</StateAbbreviationCd>
        <ZIPCd>63701</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>SCOTT M RHODES</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>5732253062</PhoneNum>
      <SignatureDt>2023-05-11</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>SCOTT M</PersonFirstNm>
        <PersonLastNm>RHODES</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>FRANK R DIETIKER JR</PreparerPersonNm>
      <PTIN>P01390831</PTIN>
      <PhoneNum>5733343343</PhoneNum>
      <PreparationDt>2024-01-06</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="RetDoc6">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1801843</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>12472</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>12472</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>12472</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>8754</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>8754</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>8754</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc1">-1323</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>62640</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>639</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>19903</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>21865</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>21226</TotalAdjNetIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc3">8372</LegalFeesRevAndExpnssAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc5">6714</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>6714</OtherProfFeesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>15086</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>6714</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>5000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>5000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>20086</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>6714</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>5000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-183</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>15151</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>21226</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>2000000</CashBOYAmt>
        <CashEOYAmt>16628</CashEOYAmt>
        <CashEOYFMVAmt>16628</CashEOYFMVAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2">1785215</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1785215</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>2000000</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1801843</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1801843</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>2000000</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>1801843</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2000000</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1801843</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2000000</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1801843</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2000000</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-183</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>1999817</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc4">197974</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>1801843</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapitalGainNetIncomeAmt>639</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>211</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>211</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>211</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>211</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MO</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>SCOTT M RHODES</IndividualWithBooksNm>
        <PhoneNum>5733343343</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 779</AddressLine1Txt>
          <CityNm>CAPE GIRARDEAU</CityNm>
          <StateAbbreviationCd>MO</StateAbbreviationCd>
          <ZIPCd>63701</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SCOTT M RHODES</PersonNm>
          <USAddress>
            <AddressLine1Txt>546 ROYAL LAKE</AddressLine1Txt>
            <CityNm>CAPE GIRARDEAU</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63701</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARK E RHODES</PersonNm>
          <USAddress>
            <AddressLine1Txt>940 KARAU</AddressLine1Txt>
            <CityNm>CAPE GIRARDEAU</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63701</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1785215</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>15814</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1801029</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1801029</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>27015</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1774014</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>88701</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>88701</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>211</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>211</TotalTaxAmt>
        <DistributableBeforeAdjAmt>88490</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>88490</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>88490</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>5000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>5000</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>88490</DistributableAsAdjustedAmt>
        <QualifyingDistributionsAmt>5000</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>5000</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>83490</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>5000</CorpusDistri170b1EOr4942g3Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>SCOTT M RHODES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 779</AddressLine1Txt>
            <CityNm>CAPE GIRARDEAU</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63701</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5733345036</RecipientPhoneNum>
          <RecipientEmailAddressTxt>SCOTTR@THERHODESGROUP.NET</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>WRITTEN REQUEST</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>DECEMBER 31</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>MUST BE QUALIFING CHARITY</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CAPE GIRARDEAU PUBLIC SCHOOL FOUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>301 N CLARK</AddressLine1Txt>
            <CityNm>CAPE GIRARDEAU</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63701</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501C3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ATHLETIC FACILITY</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>5000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>12472</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>8754</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-1323</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>19903</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>19903</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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>
    <GainLossSaleOtherAssetsSch documentId="RetDoc1">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>CENTRAL TRUST COMPANY</AssetDesc>
        <AcquiredDt>2022-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2022-04</SoldDt>
        <GrossSalesPriceAmt>62001</GrossSalesPriceAmt>
        <BasisAmt>63963</BasisAmt>
        <TotalNetAmt>-1962</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc2">
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN BROKERAGE</StockNm>
        <EOYBookValueAmt>1785215</EOYBookValueAmt>
        <EOYFMVAmt>1785215</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc3">
      <LegalFeesGrp>
        <CategoryTxt>ORGANIZATIONAL</CategoryTxt>
        <LegalFeesAmt>8372</LegalFeesAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc4">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS</Desc>
        <Amt>197974</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc5">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BROKERAGE FEES - CENTRAL TRUST</CategoryTxt>
        <Amt>4557</Amt>
        <NetInvestmentIncomeAmt>4557</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BROKERAGE FEES - JP MORGAN</CategoryTxt>
        <Amt>2157</Amt>
        <NetInvestmentIncomeAmt>2157</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>
