Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
GARY & DIANE HEAVIN COMMUNITY FUND
% RONNIE GLAESMANN

Number and street (or P.O. box number if mail is not delivered to street address)100 RITCHIE ROAD   Room/suite
City or town, state, and ZIP code
WACO, TX76712
A Employer identification number

74-3003293
B Telephone number (see page 10 of the instructions)

(254) 399-9285
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$16,838,643J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,098,013
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 130,777 130,777  
5a Gross rents.............. 10,500 10,500  
b Net rental income or (loss) -208,349
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 3,239,290 141,277  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,889 5,889   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 12,546 12,546   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 48,849 48,849  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 157,603 157,459   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 224,887 224,743   0
25 Contributions, gifts, grants paid........ 2,352,384 2,352,384
26 Total expenses and disbursements. Add lines 24 and 25 2,577,271 224,743   2,352,384
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 662,019
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 2,876,430 458,354 458,354
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 11,599,263 Click to see attachment14,728,207 14,825,120
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet1,740,479
Less: accumulated depreciation (attach schedule) bullet185,310 1,604,018 Click to see attachment1,555,169 1,555,169
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,079,711 16,741,730 16,838,643
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 17,027,177 17,027,177
29 Retained earnings, accumulated income, endowment, or other funds -947,466 -285,447
30 Total net assets or fund balances (see page 17 of the
instructions).................... 16,079,711 16,741,730
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 16,079,711 16,741,730
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 16,079,711
2 Enter amount from Part I, line 27a...................... 2 662,019
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 16,741,730
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 16,741,730
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 2,149,900 13,082,133 0.164339
2008 2,352,590 15,529,637 0.151490
2007 5,457,757 17,938,157 0.304254
2006 5,299,943 18,687,213 0.283613
2005 7,901,221 17,997,347 0.439021
2 Total of line 1, column (d) ...................... 2 1.342717
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.268543
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 13,542,280
5 Multiply line 4 by line 3....................... 5 3,636,684
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 0
7 Add lines 5 and 6......................... 7 3,636,684
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,352,384
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 0
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 3,040
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,040
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,040
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet3,040 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletTX
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletRONNIE GLAESMANN Telephone no.bullet (254) 399-9235
    Located atbullet100 RITCHIEWACOTX ZIP+4bullet76712
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    GARY HEAVIN PRESIDENT
    0.50     		0 0 0
    100 RITCHIE ROAD
    WACO,TX76712
    DIANE HEAVIN VICE-PRESIDENT
    0.50     		0 0 0
    100 RITCHIE ROAD
    WACO,TX76712
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,801,971
    b
    Average of monthly cash balances.......................
    1b
    1,946,537
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,748,508
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    13,748,508
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    206,228
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,542,280
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    677,114
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    677,114
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
     
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    0
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    677,114
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    677,114
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    677,114
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,352,384
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,352,384
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    2,352,384
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 677,114
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 7,018,316
    b From 2006....... 4,382,253
    c From 2007....... 4,574,163
    d From 2008....... 1,579,135
    e From 2009....... 1,710,837
    fTotal of lines 3a through e......... 19,264,704
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 2,352,384
    a Applied to 2009, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 677,114
    e Remaining amount distributed out of corpus 1,675,270
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 20,939,974
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		7,018,316
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		13,921,658
    10 Analysis of line 9:
    a Excess from 2006.... 4,382,253
    b Excess from 2007.... 4,574,163
    c Excess from 2008.... 1,579,135
    d Excess from 2009.... 1,710,837
    e Excess from 2010.... 1,675,270
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    GARY HEAVIN
    DIANE HEAVIN
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AFRICA INLAND MISSION INTERNATIONAL INC
    P O BOX 178
    PEARL RIVER,NY10965     		  501(C)(3) GENERAL OPERATIONS 2,500
    AMAZON CHRISTIAN MISSIONS
    2200 HIGH POINT DR
    CARROLLTON,TX75007     		  501(C)(3) GENERAL OPERATIONS 5,000
    AMERICAN CANCER SOCIETY
    ILLINOIS DIVISION 225 N MICHIGAN
    AVE STE 1200
    CHICAGO,IL60601     		  501(C)(3) GENERAL OPERATIONS 6,000
    AMERICAN FAMILY RADIO
    107 PARKGATE DR
    TUPELO,MS38801     		  501(C)(3) GENERAL OPERATIONS 250,000
    ARC OF MCLENNAN COUNTY
    P O BOX 3367
    WACO,TX76707     		  501(C)(3) GENERAL OPERATIONS 12,500
    ARTHRITIS FOUNDATION
    824 HEWITT DR SUITE 400 377
    WACO,TX76712     		  501(C)(3) GENERAL OPERATIONS 110
    ASSOCIATION OF FUNDRAISING PROFESSIONALS
    P O BOX 8061
    WACO,TX76714     		  501(C)(3) GENERAL OPERATIONS 160
    BAIR FOUNDATION THE
    241 HIGH STREET
    NEW WILMINGTON,PA16142     		  501(C)(3) GENERAL OPERATIONS 5,000
    BRACK JONES SCHOLARSHIP FUND
    NATIONAL BANK ATTN DENISE MOONEY PO
    BOX 779
    GATESVILLE,TX76528     		  501(C)(3) GENERAL OPERATIONS 10,000
    BREAD OF LIFE RESCUE MISSION
    P O BOX 1414
    CROSSVILLE,TN38555     		  501(C)(3) GENERAL OPERATIONS 250
    CASA INC
    2537 E MAIN ST
    GATESVILLE,TX76528     		  501(C)(3) GENERAL OPERATIONS 7,500
    CAMERON PARK ZOOLOGICAL & BOTANICAL SOCIETY INC
    1703 N 4TH STREET
    WACO,TX76707     		  501(C)(3) GENERAL OPERATIONS 2,500
    CARE NET
    4700 W WACO DRIVE
    WACO,TX76710     		  501(C)(3) GENERAL OPERATIONS 56,435
    CARITAS
    300 S 15TH STREET
    WACO,TX76701     		  501(C)(3) GENERAL OPERATIONS 50,000
    CBN
    DOT PATTERSON/CBNCSB 112 977
    CENTERVILLE TURNPIKE
    VIRGINIA BEACH,VA23463     		  501(C)(3) GENERAL OPERATIONS 100,000
    CENTRAL TEXAS SENIOR MINISTRY
    P O BOX 85
    WACO,TX76703     		  501(C)(3) GENERAL OPERATIONS 3,000
    CHIHUAHUAN CONNECTION
    RICK CAYWOOD MINISTRIES P O BOX
    22030
    WACO,TX76702     		  501(C)(3) GENERAL OPERATIONS 131,477
    CHIHUAHUAN CONNECTION
    RICK CAYWOOD MINISTRIES P O BOX
    22030
    WACO,TX76702     		  501(C)(3) 275 TONS OF RICE & BEANS FOR FEEDING THE NEEDY 120,522
    CHRIST THE KING CHURCH
    4777 LAKE SHORE DR
    WACO,TX76710     		  501(C)(3) GENERAL OPERATIONS 1,000
    D-BAT MUSTANGS MANSFIELD
    5 MYSTIC COURT
    MANSFIELD,TX76073     		  501(C)(3) GENERAL OPERATIONS 100
    FAMILY ABUSE CENTER
    P O BOX 20395
    WACO,TX76702     		  501(C)(3) GENERAL OPERATIONS 60,000
    FEMINISTS FOR LIFE OF AMERICA
    P O BOX 320667
    ALEXANDRIA,VA22320     		  501(C)(3) GENERAL OPERATIONS 25,000
    FIRST BAPTIST CHURCH OF CLIFTON
    106 S AVE G
    CLIFTON,TX76634     		  501(C)(3) GENERAL OPERATIONS 100
    FIRST UNITED METHODIST CHURCH
    4901 COBBS DRIVE
    WACO,TX76710     		  501(C)(3) GENERAL OPERATIONS 250
    FOUNDATION FOR LIFE
    10900 NORTHWEST FRWY 112
    HOUSTON,TX77092     		  501(C)(3) GENERAL OPERATIONS 25,000
    FOUNDATION FOR THE EDUCATION & REBIRTH OF HAITI INC
    8725 ROSWELL ROAD SUITE O112
    ATLANTA,GA30350     		  501(C)(3) GENERAL OPERATIONS 80,000
    FRANK GILLESPIE MINISTRIES
    P O BOX 354
    OLMITO,TX78575     		  501(C)(3) GENERAL OPERATIONS 20,000
    FRIENDS FOR LIFE
    P O BOX 23491
    WACO,TX76702     		  501(C)(3) GENERAL OPERATIONS 60,000
    FUZZY FRIENDS RESCUE
    6321 AIRPORT DR
    WACO,TX76708     		  501(C)(3) GENERAL OPERATIONS 7,500
    GATESVILLE CARE CENTER
    105 N 7TH STREET
    GATESVILLE,TX76528     		NONE 501(C)(3) GENERAL OPERATIONS 10,000
    GATESVILLE ISD
    311 S LOVERS LANE
    GATESVILLE,TX76528     		  501(C)(3) GENERAL OPERATIONS 15,000
    HOT AUTISM NETWORK
    PO BOX 2338
    HEWITT,TX76643     		  501(C)(3) GENERAL OPERATIONS 2,500
    IFA EDUCATIONAL FOUNDATION
    1501 K STREET NW SUITE 350
    WASHINGTON,DC20005     		  501(C)(3) GENERAL OPERATIONS 1,000
    INTERNATIONAL FIBRODYSPLASIA OSSIFICANS PROGRESSIVA ASSOCIATION (IFOPA)
    PO BOX 196217
    WINTER SPRINGS,FL32719     		  501(C)(3) GENERAL OPERATIONS 500
    KENDALL COUNTY FOOD PANTRY
    1204 DEER STREET
    YORKVILLE,IL60560     		  501(C)(3) GENERAL OPERATIONS 500
    LEAD LIKE JESUS
    3506 PROFESSIONAL CIRCLE STE B
    AUGUSTA,GA30907     		  501(C)(3) GENERAL OPERATIONS 272,000
    LEON VALLEY MINISTRIES
    7990 GRISSON ROAD
    SAN ANTONIO,TX782514714     		  501(C)(3) GENERAL OPERATIONS 4,000
    LIGHTHOUSE MINISTRIES
    INDIA ACCOUNT 5100 BLUE HOLE ROAD
    ANTIOCH,TN37013     		  501(C)(3) GENERAL OPERATIONS 488,130
    LIVING WATER BENEVOLENCE MINISTRY INC
    103 W 4TH STREET
    BORGER,TX79007     		  501(C)(3) GENERAL OPERATIONS 500
    MDA-ALS AUGIE'S QUEST
    9990 MESA RIM RD SUITE 100
    SAN DIEGO,CA92121     		  501(C)(3) GENERAL OPERATIONS 10,000
    MERCED COUNTY FOOD BANK
    2000 WEST OLIVE AVE
    MERCED,CA95348     		  501(C)(3) GENERAL OPERATIONS 500
    MIDDLEMAN MINISTRIES
    P O BOX 1173
    LOS FRESNOS,TX78566     		  501(C)(3) GENERAL OPERATIONS 39,000
    MISSION WACO
    1315 N 15TH STREET
    WACO,TX76707     		  501(C)(3) GENERAL OPERATIONS 195,000
    MORE THAN HOT-AIR
    ATTN DR RALPH B ARMSTRONG 3408
    MEDICAL PARK DR
    MONROE,LA71203     		  501(C)(3) GENERAL OPERATIONS 10,000
    ONAWAY ASSEMBLY OF GOD
    4644 M33 HIGHWAY
    ONAWAY,MI49765     		  501(C)(3) GENERAL OPERATIONS 500
    OPERATION UKRAINE
    419 8TH STREET SOUTH
    COLUMBUS,MS39701     		  501(C)(3) GENERAL OPERATIONS 20,000
    PEAVINE CARE CENTER
    3034 PEAVINE RD
    CROSSVILLE,TN38571     		  501(C)(3) GENERAL OPERATIONS 250
    PHILOMATH COMMUNITY SERVICES INC
    P O BOX 1334
    PHILOMATH,OR97370     		  501(C)(3) GENERAL OPERATIONS 500
    PRO-LIFE WACO
    201 HARRINGTON AVE
    WACO,TX76706     		  501(C)(3) GENERAL OPERATIONS 10,000
    RAPOPORT ACADEMY PUBLIC SCHOOL
    1020 ELM AVE
    WACO,TX76704     		  501(C)(3) GENERAL OPERATIONS 40,000
    RIO GRANDE FOOD PROJECT
    P O BOX 66498
    ALBUQUERQUE,NM87193     		  501(C)(3) GENERAL OPERATIONS 500
    SALVATION ARMY
    4721 WEST WACO DRIVE
    WACO,TX76710     		  501(C)(3) GENERAL OPERATIONS 50,100
    SHAPING DESTINY
    3109 BRETON ST
    ROBINSON,TX76706     		  501(C)(3) GENERAL OPERATIONS 25,000
    SHRINERS CHILDREN'S HOSPITAL
    6977 MAIN STREET
    HOUSTON,TX77030     		  501(C)(3) GENERAL OPERATIONS 25,000
    SPIRIT OF PRAISE
    25674 LEWIS LANE
    HARLINGEN,TX78552     		  501(C)(3) GENERAL OPERATIONS 24,000
    TIMOUN LAKAY FOUNDATION INC
    1112 WESTON ROAD SUITE 242
    WESTON,FL33326     		  501(C)(3) GENERAL OPERATIONS 30,000
    VANGUARD COLLEGE PREPARATORY
    2517 MT CARMEL DR
    WACO,TX76710     		  501(C)(3) GENERAL OPERATIONS 4,500
    WACO FOUNDATION
    900 AUSTIN AVE
    WACO,TX76701     		  501(C)(3) GENERAL OPERATIONS 5,000
    WACO TRIBUNE-HERALD
    P O BOX 2588
    WACO,TX76702     		  501(C)(3) GENERAL OPERATIONS 1,500
    WISD EDUCATION FOUNDATION
    P O BOX 2369
    WACO,TX76703     		  501(C)(3) GENERAL OPERATIONS 25,000
    Total .................................bullet 3a 2,352,384
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 130,777  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -208,349  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory          
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 -77,572 0
    13Total. Add line 12, columns (b), (d), and (e)...................
    13-77,572
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN
    Employer identification number

    74-3003293
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule—
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
    Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN         		Employer identification number

    74-3003293
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    GARY AND DIANE HEAVIN    
    100 RITCHIE ROAD
       
    WACO, TX   76712

    		$3,000,000




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
     
     
     

         
     
       

    		$  




    (Complete Part II if there is
    a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN         		Employer identification number

    74-3003293
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN         		Employer identification number

    74-3003293
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN
    EIN: 74-3003293
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,889 5,889   0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 DepreciationSchedule
    Name:
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN
    EIN: 74-3003293
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    CAMP VAL VERDE - BUILDINGS 2008-09-16 142,260 4,560 SL 39.000000000000 3,648 3,648    
    CAMP VAL VERDE - LAND 2008-09-16 459,856   L   0 0    
    PRESSURE WASHER 2008-09-16 3,522 629 SL 7.000000000000 503 503    
    BASEBALL BACKSTOP 2008-09-16 981 175 SL 7.000000000000 140 140    
    CATERPILLAR LOADER 2008-09-16 38,427 6,862 SL 7.000000000000 5,490 5,490    
    LOG SPLITTER 2008-09-16 1,772 317 SL 7.000000000000 253 253    
    ICE MACHINE 2008-09-16 1,257 225 SL 7.000000000000 180 180    
    TWISTER CHIPPER 2008-09-16 11,840 2,115 SL 7.000000000000 1,691 1,691    
    BOBCAT MOWER 2008-09-16 2,467 441 SL 7.000000000000 352 352    
    DELL COMPUTER 2008-09-16 796 199 SL 5.000000000000 159 159    
    2 SHARP XG-C55X LCD PROJECTOR 2004-05-01 7,398 5,990 SL 7.000000000000 1,057 1,057    
    2 SHARP AN-XGCM55 CEILING MOUNT XG-C50X 2004-05-01 580 470 SL 7.000000000000 83 83    
    SONY STR-DE185 STEREO RECEIVER 2004-05-01 199 159 SL 7.000000000000 28 28    
    2 JBL CONTROL 28 SPEAKER 2004-05-01 500 403 SL 7.000000000000 71 71    
    BOGEN GS100 100W AMPLIFIER 2004-05-01 827 669 SL 7.000000000000 118 118    
    AUDIO ATW-1451 BODY-PACK UHF WIRELESS SYSTEM 2004-05-01 543 442 SL 7.000000000000 78 78    
    AUDIO AT 831CW LAVALIER MIC 2004-05-01 119 96 SL 7.000000000000 17 17    
    SONY SLV-D500P DVD/VCR COMBO 2004-05-01 249 204 SL 7.000000000000 36 36    
    PARTS-WAC CUSTOM FLOOR BOX 2004-05-01 250 204 SL 7.000000000000 36 36    
    CMTRA CONSOLE 35" CONSOLE 2004-05-01 3,250 2,630 SL 7.000000000000 464 464    
    LABOR-WAC WACO LABOR 2004-05-01 1,500 1,213 SL 7.000000000000 214 214    
    PARTS-WAC 2 CABLES AND DA 2004-05-01 60 51 SL 7.000000000000 9 9    
    LAND 2005-01-01 73,500   L   0 0    
    BUILDING 2005-01-01 650,603 88,359 SL 39.000000000000 16,682 16,682    
    BUILDING IMPROVEMENTS 2007-11-01 14,792 932 SL 39.000000000000 379 379    
    JOHN DEERE TRACTORY & ROTARY CUTTER 2008-09-16 25,446 4,544 SL 7.000000000000 3,635 3,635    
    NINJA JUMP 2008-09-16 1,328 237 SL 7.000000000000 190 190    
    2 JOHN DEERE MOWERS 2008-09-16 6,500 1,161 SL 7.000000000000 929 929    
    POWER PRUNER 2008-09-16 617 110 SL 7.000000000000 88 88    
    2001 DODGE ONE TON DIESEL 2008-09-16 2,798 699 SL 5.000000000000 560 560    
    16' FLAT BED TRAILER 2008-09-16 787 197 SL 5.000000000000 157 157    
    3 LOG CABINS 2008-09-16 53,602 1,718 SL 39.000000000000 1,374 1,374    
    HORSE BARN BY TEXAS RANCH BARN 2008-09-16 140,977 4,519 SL 39.000000000000 3,615 3,615    
    HORSE BARN BY TEXAS RANCH BARN 2008-09-16 52,567 1,685 SL 39.000000000000 1,348 1,348    
    METAL ROOM RANCH HOUSE 2008-09-16 11,536 370 SL 39.000000000000 296 296    
    WESTERN FURNITURE A&S AUCTION 2008-09-16 5,886 1,052 SL 7.000000000000 841 841    
    FURNITURE - OFFICE DEPOT DESK & CHAIR 2008-09-16 860 154 SL 7.000000000000 123 123    
    FINISH LABOR & MATERIALS TO PERFORM WORK ON SEVEN UNITS 2009-05-04 20,027 2,670 SL 5.000000000000 4,005 4,005    

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN
    EIN: 74-3003293
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    14,728,207
    State & Local Government Securities - End of Year Fair Market Value:


    14,825,120


    TY 2010 InvestmentsLandSchedule2
    Name:
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN
    EIN: 74-3003293
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    CAMP VAL VERDE - BUILDINGS 142,260 8,208 134,052 0
    CAMP VAL VERDE - LAND 459,856 0 459,856 0
    PRESSURE WASHER 3,522 1,132 2,390 0
    BASEBALL BACKSTOP 981 315 666 0
    CATERPILLAR LOADER 38,427 12,352 26,075 0
    LOG SPLITTER 1,772 570 1,202 0
    ICE MACHINE 1,257 405 852 0
    TWISTER CHIPPER 11,840 3,806 8,034 0
    BOBCAT MOWER 2,467 793 1,674 0
    DELL COMPUTER 796 358 438 0
    2 SHARP XG-C55X LCD PROJECTOR 7,398 7,047 351 0
    2 SHARP AN-XGCM55 CEILING MOUNT XG-C50X 580 553 27 0
    SONY STR-DE185 STEREO RECEIVER 199 187 12 0
    2 JBL CONTROL 28 SPEAKER 500 474 26 0
    BOGEN GS100 100W AMPLIFIER 827 787 40 0
    AUDIO ATW-1451 BODY-PACK UHF WIRELESS SYSTEM 543 520 23 0
    AUDIO AT 831CW LAVALIER MIC 119 113 6 0
    SONY SLV-D500P DVD/VCR COMBO 249 240 9 0
    PARTS-WAC CUSTOM FLOOR BOX 250 240 10 0
    CMTRA CONSOLE 35" CONSOLE 3,250 3,094 156 0
    LABOR-WAC WACO LABOR 1,500 1,427 73 0
    PARTS-WAC 2 CABLES AND DA 60 60   0
    LAND 73,500 0 73,500 0
    BUILDING 650,603 105,041 545,562 0
    BUILDING IMPROVEMENTS 14,792 1,311 13,481 0
    JOHN DEERE TRACTORY & ROTARY CUTTER 25,446 8,179 17,267 0
    NINJA JUMP 1,328 427 901 0
    2 JOHN DEERE MOWERS 6,500 2,090 4,410 0
    POWER PRUNER 617 198 419 0
    2001 DODGE ONE TON DIESEL 2,798 1,259 1,539 0
    16' FLAT BED TRAILER 787 354 433 0
    3 LOG CABINS 53,602 3,092 50,510 0
    HORSE BARN BY TEXAS RANCH BARN 140,977 8,134 132,843 0
    HORSE BARN BY TEXAS RANCH BARN 52,567 3,033 49,534 0
    METAL ROOM RANCH HOUSE 11,536 666 10,870 0
    WESTERN FURNITURE A&S AUCTION 5,886 1,893 3,993 0
    FURNITURE - OFFICE DEPOT DESK & CHAIR 860 277 583 0
    FINISH LABOR & MATERIALS TO PERFORM WORK ON SEVEN UNITS 20,027 6,675 13,352 0

    TY 2010 OtherExpensesSchedule
    Name:
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN
    EIN: 74-3003293
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MEALS AND ENTERTAINMENT 149 5   0
    UTILITIES 18,103 18,103   0
    REPAIR & MAINTENANCE EXPENSE 1,833 1,833   0
    SUPPLIES 243 243   0
    AUTO EXPENSE 453 453   0
    CONTRACT LABOR 405 405   0
    INSURANCE 19,811 19,811   0
    MISCELLANEOUS 670 670   0
    PAYROLL TAXES 4,883 4,883   0
    PENSION/EMPLOYEE BENEFITS 11,229 11,229   0
    PHONE 1,053 1,053   0
    REPAIRS AND MAINTENANCE 11,084 11,084   0
    SETTLEMENTS 10,706 10,706   0
    SUPPLIES 587 587   0
    TRAVEL 3,959 3,959   0
    UTILITIES 17,658 17,658   0
    WAGES 54,777 54,777   0


    TY 2010 TaxesSchedule
    Name:
    GARY & DIANE HEAVIN COMMUNITY FUND
    % RONNIE GLAESMANN
    EIN: 74-3003293
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 12,546 12,546   0