TY 2010 Form 990PF

- TIN:

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

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
FAITH P & CHARLES L BYBEE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 82 Room/suite

City or town, state, and ZIP code
ROUND TOP, TX78954

A Employer identification number

74-1917686

B Telephone number (see page 10 of the instructions)

(979) 249-3308

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$2,741,322J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)		6,894
2	Check
3	Interest on savings and temporary cash investments		18,344		18,344	18,344
4	Dividends and interest from securities......		5,969		5,969	5,969
5a	Gross rents..............		70,275		70,275	70,275
b	Net rental income or (loss) 53,768
6a	Net gain or (loss) from sale of assets not on line 10			3,613
b	Gross sales price for all assets on line 6a 484,488
7	Capital gain net income (from Part IV, line 2)...				3,613
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances	7,455
b	Less: Cost of goods sold....	3,208
c	Gross profit or (loss) (attach schedule).....			4,247
11	Other income (attach schedule).......			52,048	50,590	50,590
12	Total. Add lines 1 through 11........		161,390		148,791	145,178
13	Compensation of officers, directors, trustees, etc.		0
14	Other employee salaries and wages......		56,074		22,430	5,607	28,037
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......			4,595	1,838	460	2,298
c	Other professional fees (attach schedule)....			2,250	900	225	1,125
17	Interest...............		82		33	8	41
18	Taxes (attach schedule) (see page 14 of the instructions)			10,167	3,793	949	4,742
19	Depreciation (attach schedule) and depletion...			29,495
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......			107,309	8,020	2,006	10,026
24	Total operating and administrative expenses.
	Add lines 13 through 23..........		209,972		37,014	9,255	46,269
25	Contributions, gifts, grants paid........		0				0
26	Total expenses and disbursements. Add lines 24 and 25		209,972		37,014	9,255	46,269
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements		-48,582
b	Net investment income (if negative, enter -0-)				111,777
c	Adjusted net income (if negative, enter -0-)...					135,923

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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	16,776	6,438	6,438
	2	Savings and temporary cash investments..........	943,337	908,468	908,468
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis 737,758
		Less: accumulated depreciation (attach schedule) 193,238	540,715	544,520	573,696
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis 1,294,326
		Less: accumulated depreciation (attach schedule) 174,915	1,128,958	1,119,411	1,088,026
	15	Other assets (describe )	164,694	164,694	164,694
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,794,480	2,743,531	2,741,322
	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 )	6,613	6,538
	23	Total liabilities (add lines 17 through 22)..........	6,613	6,538
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	2,615,945	2,615,945
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	171,922	121,048
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	2,787,867	2,736,993
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	2,794,480	2,743,531

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	2,787,867
2	Enter amount from Part I, line 27a......................	2	-48,582
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	2,739,285
5	Decreases not included in line 2 (itemize)	5	2,292
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	2,736,993

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	WOODWAY FIN-BARRICK GOLD CORP	2009-03-19	2010-02-22
b	CRAIG C BROWN-FURNITURE	2009-01-01	2010-12-31
c	WOODWAY FIN-FANNIE MAE 1.5% DUE 06/28/12	2009-12-14	2010-06-28
d	WOODWAY FIN-FANNIE MAE 2.10% DUE 06/28/12	2009-12-11	2010-06-28
e	WOODWAY FIN-FED HOME MTG CORP 3.25% DUE 03/03/14	2009-03-06	2010-03-03
	WOODWAY FIN-FIN SELECT SECTOR SPDR FUND	2009-03-19	2010-01-29
	WOODWAY FIN-FIN SELECT SECTOR SPDR FUND	2009-03-19	2010-03-09
	WOODWAY FIN-KROGER CO	2009-08-24	2010-02-22
	WOODWAY FIN-MONSANTO CO NEW	2010-02-22	2010-10-22
	WOODWAY FIN-TRANSOCEAN LTD	2010-01-01	2010-11-29
	WOODWAY FIN-AGILENT TECHNOLOGIES INC	2007-02-01	2010-02-22
	WOODWAY FIN-AGILENT TECHNOLOGIES INC	2007-02-01	2010-08-10
	WOODWAY FIN-ALBEMARLE CORP	2008-02-12	2010-02-22
	WOODWAY FIN-APACHE CORP	2009-01-30	2010-02-22
	WOODWAY FIN-BARD, CR, INC	2007-02-01	2010-02-22
	WOODWAY FIN-COGNIZANT TECH SOLUTIONS	2009-01-01	2010-02-22
	WOODWAY FIN-COGNIZANT TECH SOLUTIONS	2009-01-01	2010-11-29
	WOODWAY FIN-DISNEY	2008-01-24	2010-06-10
	WOODWAY FIN-FEDERAL HOME LOAN BANK 2.00% DUE 06/17/13	2009-01-01	2010-12-17
	WOODWAY FIN-FEDERAL HOME LOAN BANK 3.750% DUE 05/20/16	2009-05-04	2010-06-03
	WOODWAY FIN-FEDERAL HOME LOAN BANK 4.05% DUE 03/16/16	2009-02-19	2010-03-16
	WOODWAY FIN-FREDDIE MAC 3.25% DUE 06/18/14	2009-06-09	2010-06-18
	WOODWAY FIN-FRONTIER COMM CORP	2008-04-29	2010-07-20
	WOODWAY FIN-FTI CONSULTING INC	2009-04-22	2010-11-29
	WOODWAY FIN-GENERAL ELECTRIC	2007-02-01	2010-11-29
	WOODWAY FIN-GENZYME CORP	2009-01-01	2010-02-22
	WOODWAY FIN-GILEAD SCIENCES INC	2009-01-01	2010-11-29
	WOODWAY FIN-GOLDMAN SACHS GROUP INC	2009-01-01	2010-04-20
	WOODWAY FIN-GOOGLE INC-CL A	2009-04-22	2010-11-29
	WOODWAY FIN-IBM	2008-03-06	2010-02-22
	WOODWAY FIN-KOHLS CORP	2009-01-01	2010-11-29
	WOODWAY FIN-KROGER CO	2008-10-28	2010-02-22
	WOODWAY FIN-NATIONAL OILWELL VARCO INC	2009-01-01	2010-02-22
	WOODWAY FIN-NATIONAL OILWELL VARCO INC	2008-10-22	2010-11-29
	WOODWAY FINNIKE INC CLASS B	2007-02-01	2010-02-22
	WOODWAY FIN-PEABODY ENERGY CORP	2008-10-22	2010-11-29
	WOODWAY FIN-PETSMART	2009-01-29	2010-02-22
	WOODWAY FIN-PETSMART	2009-01-26	2010-06-10
	WOODWAY FIN-SCHLUMBERGER LTD	2007-02-21	2010-02-22
	WOODWAY FIN-THERMO FISHER SCIENTIFIC INC	2007-02-01	2010-11-29
	WOODWAY FIN-TRINITY INDUSTRIES INC	2008-02-21	2010-06-10
	WOODWAY FIN-TRINITY INDUSTRIES INC	2008-02-21	2010-11-29
	WOODWAY FIN-VALERO ENERGY CORP	2009-01-01	2010-02-22
	WOODWAY FIN-VANGUARD SMALL-CAP IDX FD INST #857	2007-08-06	2010-01-29
	WOODWAY FIN-VANGUARD SMALL-CAP IDX FD INST #857	2007-08-06	2010-01-29
	WOODWAY FIN-VANGUARD SMALL-CAP IDX FD INST #857	2007-08-06	2010-11-29
	WOODWAY FIN-WEATHERFORD INTL LTD	2007-02-01	2010-01-20

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,934	1,698	236
b	5,900		5,900
c	50,000	50,000
d	50,000	50,000
e	30,000	29,970	30
	5,713	3,812	1,901
	6,117	3,812	2,305
	2,203	2,142	61
	2,567	3,446	-879
	5,788	5,738	50
	1,556	1,613	-57
	4,411	4,838	-427
	4,744	4,988	-244
	1,559	1,153	406
	2,092	2,037	55
	2,376	1,526	850
	6,550	2,879	3,671
	1,692	1,453	239
	85,000	85,000
	50,000	50,000
	35,000	35,000
	25,000	25,000
	309	423	-114
	3,559	4,973	-1,414
	4,767	10,875	-6,108
	5,589	6,656	-1,067
	3,701	4,702	-1,001
	6,443	8,348	-1,905
	5,833	3,880	1,953
	1,905	1,703	202
	4,254	4,613	-359
	3,304	3,919	-615
	2,897	3,588	-691
	6,122	2,457	3,665
	2,253	1,765	488
	2,937	1,624	1,313
	2,050	1,451	599
	808	484	324
	1,541	1,573	-32
	6,362	6,105	257
	1,017	1,577	-560
	5,212	7,096	-1,884
	3,094	9,176	-6,082
	17,054	15,984	1,070
	4,615	4,325	290
	5,000	3,464	1,536
	3,660	4,009	-349

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			236
b			5,900
c
d
e			30
			1,901
			2,305
			61
			-879
			50
			-57
			-427
			-244
			406
			55
			850
			3,671
			239




			-114
			-1,414
			-6,108
			-1,067
			-1,001
			-1,905
			1,953
			202
			-359
			-615
			-691
			3,665
			488
			1,313
			599
			324
			-32
			257
			-560
			-1,884
			-6,082
			1,070
			290
			1,536
			-349

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	3,613
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 . . . . . . . . . . . . .		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? Yes No

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
2008
2007
2006
2005

2	Total of line 1, column (d) ......................	2
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
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4
5	Multiply line 4 by line 3.......................	5
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7
8	Enter qualifying distributions from Part XII, line 4..............	8
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)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,236
	hereand 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
3	Add lines 1 and 2............................	3	2,236
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,236
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	2,292
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	2,292
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	56
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax	Refunded	11	56

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?.............................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

Yes

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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...........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

FAITH P & CHARLES L BYBEE FDTN Telephone no. bullet

(979) 249-3308

Located at bullet

P O BOX 82RONND TOPTX ZIP+4 bullet

78954

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

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? .................

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)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?.............

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)):

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?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

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.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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
BARRY MOORE	PRESIDENT/TRUSTEE 0	0
711 Louisiana Suite 300 HOUSTON,TX77002	PRESIDENT/TRUSTEE 0	0
STEVE DITSLER	TRUSTEE 0	0
P O BOX 334 ROUND TOP,TX78954	TRUSTEE 0	0
JOE WESTERLAGE	TRUSTEE 0	0
P O BOX 82 ROUND TOP,TX78954	TRUSTEE 0	0
ERNESTO CALDEIRA	TRUSTEE 0	0
1022 DAUPHINE NEW ORLEANS,LA70116	TRUSTEE 0	0
JACQUELINE DITSLER	VP/SECY/TRUSTEE 0	0
P O BOX 334 ROUND TOP,TX78954	VP/SECY/TRUSTEE 0	0
GABRIELLE HALE	TRUSTEE 0	0
3711 SAN FELIPE STREET 6-B HOUSTON,TX77027	TRUSTEE 0	0

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










Total number of other employees paid over $50,000...................

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

Total number of others receiving over $50,000 for professional services............. bullet

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	PRESERVATION OF HISTORIC BUILDINGS IN ROUND TOP, TEXAS AND MAINTAINING THE HOUSES OPEN FOR PUBLIC TOURS WITH EXPLANA- TIONS OF THE ARCHITECTURE & FURNISHINGS OF THE 19TH CENTURY.	13,275
2	THE FOUNDATION SPONSORS ANNUAL HOLIDAY PROGRAMS AND ACTIVITIES ON HISTORIC HENKEL SQUARE. THESE PERFORMANCES ARE OPEN TO THE COMMUNITY AND THE PUBLIC.	988
3	INCIDENTAL RENTAL OF HISTORIC STRUCTURES IN CONNECTION WITH PUBLIC EVENTS HELD TO INCREASE AWARENESS OF THE HISTORY OF THE AREA INCLUDING JOINT ACTIVITIES WITH UT-WINEDALE.	21,217
4

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	NONE
2


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3........................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

896,529

Average of monthly cash balances.......................

9,930

Fair market value of all other assets (see page 24 of the instructions)............

573,696

Total (add lines 1a, b, and c).........................

1,480,155

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) ..............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d..........................

1,480,155

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ............................

22,202

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,457,953

Minimum investment return. Enter 5% of line 5...................

72,898

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

72,898

Tax on investment income for 2010 from Part VI, line 5......

2,236

Income tax for 2010. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

2,236

Distributable amount before adjustments. Subtract line 2c from line 1............

70,662

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4.............................

70,662

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1.................................

70,662

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

46,269

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes................................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

46,269

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)............

Adjusted qualifying distributions. Subtract line 5 from line 4...............

46,269

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)

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					70,662
2 Undistributed income, if any, as of the end of 2010:
a Enter amount for 2009 only.......				0
b Total for prior years:2008, 2007, 2006			0
3 Excess distributions carryover, if any, to 2010:
a From 2005.......
b From 2006.......	45,084
c From 2007.......	86,350
d From 2008.......	43,005
e From 2009.......	47,759
fTotal of lines 3a through e.........		222,198
4Qualifying distributions for 2010 from Part
XII, line 4: $ 46,269
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)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2010 distributable amount.....					46,269
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2010.		24,393			24,393
(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		197,805
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......
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) ...........
8Excess distributions carryover from 2005 not applied on line 5 or line 7 (see page 27 of the instructions) .............
9Excess distributions carryover to 2011. Subtract lines 7 and 8 from line 6a ......		197,805
10 Analysis of line 9:
a Excess from 2006....	20,691
b Excess from 2007....	86,350
c Excess from 2008....	43,005
d Excess from 2009....	47,759
e Excess from 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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a

bApproved for future payment

Total .................................. 3b

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
aTOUR ADMISSIONS					528
bAPOTHECARY SALES					4,247
cMISCELLANEOUS INCOME					625
dCASH CONTRIBUTIONS					6,892
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	18,344
4 Dividends and interest from securities....			14	5,969
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property			16	70,275
7 Other investment income.....			15	50,590
8Gain or (loss) from sales of assets other than inventory			18	3,613
9 Net income or (loss) from special events:			01	307
10 Gross profit or (loss) from sales of inventory..	453220	0
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		149,098	12,292

13Total. Add line 12, columns (b), (d), and (e)...................

13161,390

(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.	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)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash....................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements............................

1b(4)

(5) Loans or loan guarantees..............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2010 AccountingFeesSchedule

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EUGENE F FERONTI, JR, CPA	4,595	1,838	460	2,298

- TIN:

TY 2010 AllOthProgRltdInvestmentsSch

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Category	Amount
NONE

- TIN:

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

TY 2010 AmortizationSchedule

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Description of Amortized Expenses	Date Acquired, Completed, or Expended	Amount Amortized	Deduction for Prior Years	Amortization Method	Current Year Amortization	Net Investment Income	Adjusted Net Income	Total Amount of Amortization
COMPUTER PROGRAM	2000-08-04	237	237	3.0				237
GUEST TRACKER SFTW	2001-05-17	280	280	3.0				280

- TIN:

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

TY 2010 DepreciationSchedule

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
LAND-NON INVESTMNT	2001-01-01	780,284		L
KRAUSE FARM HOUSE	1995-04-01	25,944	9,809	M39		665
KNUTZEN WHT GUEST	1995-04-01	10,361	3,923	M39		266
KRAUSE FARM HOUSE	1996-10-01	60,567	20,513	M39		1,553
KNUTZEN WHT GUEST	1996-10-01	32,500	11,003	M39		833
POLE BARN	1996-10-01	19,820	6,710	M39		508
KRAUSE LOG BARN	1996-10-01	30,442	10,316	M39		781
KRAUSE LOG CABIN	1996-10-01	26,612	9,008	M39		682
STORAGE BUILDING	2000-06-21	32,658	7,987	M39		837
PALMER BARN	2001-08-01	1,655	354	M39		42
BATHROOM ADDITION	2001-12-01	13,328	2,343	M39		342
SHUMAN IMPROVEMNTS	1990-01-01	3,142		L
SCHERRER IMPRVMNTS	1990-01-01	1,106		L
WATER TROUGHS	1990-01-01	1,550		L
C C HANDYMAN	1992-01-01	878		L
WIRING	1996-10-25	7,478	2,536	M39		192
BLDG IMPROVEMENTS	1998-02-08	200	59	M39		5
ELECTRICAL IMPROV	1998-05-15	1,290	384	M39		33
ROOF-DOUBLE LOG HS	1999-01-29	7,000		L
ROOF-HENKEL HOUSE	1999-02-19	4,550		L
ROOF-KRAUSE BARN	1999-04-15	6,582	1,810	M39		169
ROOF-KRAUSE CABIN	1999-04-15	5,195	1,424	M39		133
ROOF-BLDG NW CORNR	1999-06-18	2,398		L
ROOF-POTTERY CABIN	1999-06-18	1,350		L
RENOV-ZAPP/VON ROS	1999-06-18	10,653		L
ROOF-SCHERRER HSE	1999-09-22	3,500		L
MARY PHELPS FENCE	1999-11-12	2,396		L
IMPR-HOGG/ERDMANN	2001-01-01	3,439	792	M39		88
IMPR-HOGG/ERDMANN	2001-06-20	1,975	438	M39		51
FURN & FIXTURES	1983-01-01	9,218		L
B&B WATER HEATER	1995-10-13	377	377	M7D
SIGNS-APOTHECARY	1996-08-01	625	625	DDB	7
HOT WATER HEATER	1999-09-23	315	289	DDB	7
6 ROCKING CHAIRS	2001-04-26	534	534	SL	7
2 PICNIC TABLES	2001-05-17	470	470	SL	7
TREATED TABLE	2001-08-07	235	235	SL	7
ENTRANCE SIGN	2001-10-16	225	222	SL	7
TRACTOR	1993-07-27	6,500	6,500	SL	7
WHIRLPOOL DRYER	1997-05-01	438	438	SL	7
CHARGE CARD MACH	2001-07-21	435	400	DDB	7
ANTIQUES (PRE 1983	1983-01-01	13,828		L
ANTIQUES (PRE 1983	1994-04-01	9,018		L
LOT 11 KRAUSE FARM	1983-01-01	4,622		L
KRAUSE DRIVEWAY	1994-01-01	2,040		L
LOT 125 RUBERFELD	1994-04-01	385		L
FUCH'S PROPERTY	1999-01-01	20,000		L
LOT 25 RUBERFELD	2001-01-01	2,380		L
2ND BREWERY-BLDG	2001-01-01	83,700		L
2ND BREWERY-LAND	2001-01-01	27,900		L
FUCH'S PROPERTY	1999-01-01	57,941	16,286	SL	39	1,486
200 AMP METER LOOP	1997-07-28	1,350	436	SL	39	35
RENOVATION-FUCH'S	1999-06-30	7,091	1,919	SL	39	182
A/C-FUCH'S PROP	1999-11-02	2,800	729	SL	39	72
TOILETS-ARTGALLERY	2002-02-14	138	24	M39		4
TRACK LIGHTS-APOTH	2002-02-20	408	408	SL	7
IMPROV-TEA ROOM	2002-03-12	328	55	M39		8
IMPROV-WINE SHOP	2002-03-12	415	71	M39		11
DISHWASHER-OLD ROS	2002-01-25	400	400	SL	7
ICE CREAM CABINET	2002-03-21	2,359	2,359	SL	7
CARRIAGE RESTORATN	2002-05-22	4,042	680	M39		104
TRACK LIGHTS-APOTH	2002-03-12	588	588	SL	7
WALLPAPER-HH	2002-01-18	1,317	1,317	SL	7
IMPROV-SCHUMANN #2	2002-08-22	1,623	266	M39		42
ROOF-STORAGE BLDG	2002-05-20	1,700	288	M39		44
WATER HEATER-APOTH	2002-05-09	170	170	SL	7
BATH FIXT-HEN SQ	2002-05-09	468	77	M39		12
A/C UNIT-ADM BLDG	2002-07-03	3,205	3,205	SL	7
IMPROV-M PHELPS HS	2002-07-10	667		L
IMPROV-ROSENBERG	2002-08-01	1,300	210	M39		33
IMPROV-BYBEE HOUSE	2002-07-19	6,706	1,103	M39		172
ROOF-KNUTZEN	2002-05-20	4,790	804	M39		123
ROOF-PALMER BARN	2002-05-06	4,500	754	M39		115
IMPROV-PALMER BARN	2002-09-25	4,225	682	M39		108
A/C -PALMER BARN	2002-06-11	4,930	4,930	SL	7
LIGHT FIXT-PALMER	2002-11-06	1,944	309	M39		50
SIGNS-ROSENBERG	2002-05-24	1,057	1,057	SL	7
IMPROV-BLOCK 8	2002-03-07	12,851	2,192	M39		329
ROOF-BLOCK 8	2002-12-12	6,980	1,096	M39		179
KITCHEN KNOBS	2003-07-02	137	92	M7		6
COMPUTER DESKS (2)	2003-08-27	65	41	M5
COMPUTER CHAIRS(2)	2003-08-27	63	43	M7		3
A/C UNIT-HOGG	2003-05-29	6,279	4,233	M7		280
A/C UNIT-OLD STONE	2003-05-29	4,780	3,222	M7		213
2 COMPUTER SYSTEMS	2003-07-30	2,320	1,494	M5
DSL EQUIPMENT	2003-07-30	257	167	M5
A/C UNIT-OLD STONE	2003-08-11	2,074	1,397	M7		93
HEAT PUMP-KNUTZEN	2003-08-11	2,190	1,477	M7		98
A/C UNIT-APOTH	2003-08-11	5,735	3,865	M7		256
FAX/COPIER	2003-08-27	50	33	M5
REFRIGERATOR	2003-09-28	389	264	M7		17
IMPROV-APOTHECARY	2003-11-10	2,183	284	M39		56
IMPROV-BYBEE FARM	2003-08-27	2,410	322	M39		62
IMPROV-HAW CREEK	2003-08-12	4,039	539	M39		104
WALLPAPER-HH	2003-01-17	632	97	M39		16
IMPROV-HENKLE SQ	2003-01-17	7,630	1,189	M39		196
IMPROV-PALMER BARN	2003-04-03	8,924	1,350	M39		229
A/C UNIT-BYBEE FRM	2004-06-17	8,970	6,029	M7		801
REFRIGERATOR-GUEST	2004-05-06	118	80	M7		11
DRYER-GUEST HOUSE	2004-05-25	340	227	M7		30
PH DIGGER-GUEST	2004-11-10	35	22	M7		3
A/C UNIT-LOG CABIN	2004-10-10	124	83	M7		11
A/C UNIT-OLD STONE	2004-08-19	5,250	3,529	M7		469
IMPROV-BYBEE FARM	2004-06-30	18,420	2,252	M39		472
IMPROV-HAW CREEK	2004-04-07	16,276	2,025	M39		417
IMPROV-HENKEL SQ	2004-03-31	3,248	407	M39		83
IMPROV-HOGG ATTIC	2004-03-09	864	108	M39		22
IMPROV-KNUTZEN HSE	2004-04-22	647	82	M39		17
IMPROV-LOG CABIN	2004-02-16	433	55	M39		11
IMPROV-MARY PHELPS	2004-07-08	6,125	743	M39		157
IMPROV-SCHUMANN #2	2004-07-08	9,625	1,168	M39		247
IMPR-VON ROSENBERG	2004-03-24	7,600	954	M39		195
FURN-APOTHECARY	2004-04-28	450	302	M7		40
FURN-BYBEE FARM	2004-03-03	202	135	M7		18
BR FIXT-BYBEE FARM	2004-05-25	754	506	M7		67
FIXT-GUEST HOUSE	2004-03-03	365	247	M7		33
FAUCET-HENKEL SQ	2004-01-10	44	29	M7		4
FIXT-HOGG ATTIC	2004-03-03	350	235	M7		31
FIXT-KNUTZEN HOUSE	2004-05-25	762	511	M7		68
B&B BEDDING	2004-05-25	5,477	3,682	M7		489
B&B FURNITURE	2004-05-25	361	242	M7		32
FUCHS	2005-06-15	1,650	191	M39		42
GAS STATION	2005-06-15	107	13	M39		3
KNUTZEN	2005-06-15	33,191	3,866	M39		851
PALMER BARN	2005-06-15	4,188	486	M39		107
HENKEL KITCHEN	2005-06-15	5,825	677	M39		149
HOGG HOUSE	2005-06-15	4,455	518	M39		114
LUMBER BARN	2005-06-15	5,000	582	M39		128
MUCKLEROY	2005-06-15	18,102	2,108	M39		464
OFFICE HENKEL	2005-06-15	4,759	554	M39		122
CORNER BLDG HENKEL	2005-06-15	4,759	554	M39		122
OTHER 2005	2005-06-15	3,190	372	M39		82
IMPROV-APOTHECARY	2006-07-07	2,769	246	M39		71
IMPROV-ART GALLERY	2006-05-19	19,620	1,824	M39		503
IMPROV-BYBEE SQUAR	2006-09-25	67,843	5,725	M39		1,739
IMPROV-CELLAR	2006-09-07	4,554	385	M39		117
IMPROV-CORNER BLDG	2006-12-08	5,384	420	M39		138
BYBEESQ BLK8 DECK	2006-04-12	26,001	2,474	M39		667
IMPROV-FUCHS	2006-11-09	15,952	1,278	M39		409
IMPROV-HENKEL SQ	2006-05-05	9,713	903	M39		249
IMPROV-HOGG HOUSE	2006-09-21	37,372	3,154	M39		958
IMPROV-KNUTZEN GAR	2006-03-10	7,191	698	M39		184
IMPROV-KNUTZEN HSE	2006-12-05	12,723	992	M39		326
HSE FRM LA GRANGE	2006-04-21	6,500	619	M39		167
IMPROV-MARY PHELPS	2006-01-10	587	59	M39		15
IMPROV-OFFICE BLDG	2006-12-05	10,978	855	M39		281
IMP-STONE BREWERY	2006-09-15	8,306	701	M39		213
IMPROV-PALMER BARN	2006-04-25	179	18	M39		5
IMPROV-POLE BARN	2006-01-11	150	16	M39		4
IMPR-ROSENBERG BLD	2006-07-06	7,630	678	M39		196
IMPROV-TEA ROOM	2006-04-12	11,358	1,080	M39		291
IMPROV-WINE SHOP	2006-12-08	138	12	M39		4
2006 FURN FIXTURES	2006-06-15	1,587	1,092	M7		142
2006 A/C	2006-01-20	4,315	2,465	M7D		529
HP PRINTER	2006-03-01	150	103	M7		13
A/C ART GALLERY	2006-03-20	4,800	467	M39		123
A/C CORNER BLDG	2006-03-20	988	95	M39		25
A/C KNUTZEN GARAGE	2006-03-20	1,090	106	M39		28
A/C TEA ROOM	2006-06-02	7,210	655	M39		185
DIGITAL CAMERA	2006-04-26	130	90	M7		12
BLOWER	2006-05-25	50	34	M7		4
A/C BARBER SHOP	2006-05-25	170	15	M39		4
2006 FREEZER	2006-06-19	370	255	M7		33
2006 REFRIGERATOR	2006-06-19	480	274	M7D		59
CRDT CRD MACH APTH	2006-07-20	495	341	M7		44
CRD MACH ICE CRM	2006-07-20	495	341	M7		44
PROPANE TANK FUCHS	2006-07-28	365	31	M39		9
A/C HOGG ATTIC	2006-09-22	225	20	M39		6
2006 BLOWER/VACUUM	2006-10-28	68	47	M7		6
IMPROV-APOTHECARY	2007-12-19	1,420	74	M39		36
IMPROV-HS BATHROOM	2007-08-08	1,872	114	M39		48
IMPROV-BLOCK 8	2007-03-12	1,600	115	M39		41
IMPROV-BYBEE FARM	2007-10-14	2,205	126	M39		57
IMPROV-BYBEE KRAUS	2007-08-04	578	36	M39		15
IMPROV-BYBEE SQ	2007-06-15	2,134	140	M39		55
IMPROV-DECK BLOCK8	2007-06-15	180	13	M39		5
IMPROV-HENKEL SQ	2007-08-08	3,857	235	M39		99
IMPROV-HOGG	2007-06-07	440	28	M39		11
IMPROV-KNUTZEN HSE	2007-08-14	1,200	74	M39		31
IMPROV-LOG CABIN	2007-06-23	149	10	M39		4
IMPROV-M PHELPS HS	2007-08-08	1,744	107	M39		45
IMPROV-MUCKLEROY H	2007-08-23	17,291	1,053	M39		443
IMPROV-PALMER THTR	2007-09-11	898	53	M39		23
IMPROV-SCHUMANN #1	2007-07-18	1,231	78	M39		32
IMPROV-VON ROS HSE	2007-07-18	1,185	74	M39		30
IMPROV-WEAVERS HSE	2007-12-20	675	35	M39		17
BYBEE SIGN	2007-01-18	38	24	M7		4
BYBEE SQUARE SIGN	2007-01-16	750	464	M7		82
HENKLE SQ CURTAINS	2007-01-26	36	23	M7		4
BYBEE FM DISHWSHER	2007-08-16	325	177	M7		42
APOTH-ELECTRICAL	2007-10-12	712	361	M7		100
BYBEE FRM-COMP SAV	2007-10-12	171	87	M7		24
KNUTZEN-AIR QU SYS	2007-10-12	1,851	940	M7		260
BYBEE FM SHOWER DR	2007-10-18	454	230	M7		64
VON ROSENBERG CASE	2007-10-18	182	92	M7		26
APOTH-GLASS DOOR	2008-01-03	62	24	M7		11
HENKEL SQ-2 BENCH	2008-09-26	300	116	M7		52
IMPROV-BYBEE SQ	2008-04-15	399	17	M39		10
IMPROV-WEAVERS HSE	2008-01-10	77	4	M39		2
IMPROV-LIBRARY	2008-03-07	195	9	M39		5
IMPROV-BLOCK 8	2008-04-10	1,647	72	M39		42
IMPROV-OLD STONE B	2008-05-27	8,680	362	M39		223
IMPROV-HAW CR CHUR	2008-09-26	1,152	39	M39		30
IMPROV-WINE SHOP	2008-12-10	17,232	460	M39		442
IMPROV-LOG CABIN	2008-12-30	9,545	255	M39		245
HAW CREEK-A/C	2008-07-16	4,800	1,862	M7		840
HENKEL SQ-BLOWER	2008-09-09	200	78	M7		35
IMPROV-BYBEE SQ	2009-12-10	998	1	M39		26
IMPROV-WINE SHOP	2009-05-04	798	13	M39		20
IMPROV-TEA ROOM	2010-12-31	3,143		M39		3
IMPROV-STONE CELLR	2010-12-31	1,973		M39		2
IMPROV-BYBEE SQ	2010-12-31	7,419		M39		8
INPROV-OLD ST & RO	2010-12-31	3,967		M39		4
F&F	2010-12-31	402		M5		20
EQUIP-ROSENBG	2010-12-31	1,575		M7		56
EQUIP-HOGG	2010-12-31	783		M7		28
EQUIP-PUMP	2010-12-31	600		M7		21
EQUIP-3 TON AIR	2010-12-31	3,892		M7		139

- TIN:

TY 2010 LandEtcSchedule2

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
LAND-NON INVESTMNT	780,284		780,284
POLE BARN	19,820	7,218	12,602
KRAUSE LOG BARN	30,442	11,097	19,345
STORAGE BUILDING	32,658	8,824	23,834
PALMER BARN	1,655	396	1,259
BATHROOM ADDITION	13,328	2,685	10,643
SHUMAN IMPROVEMNTS	3,142		3,142
SCHERRER IMPRVMNTS	1,106		1,106
WATER TROUGHS	1,550		1,550
C C HANDYMAN	878		878
WIRING	7,478	2,728	4,750
BLDG IMPROVEMENTS	200	64	136
ELECTRICAL IMPROV	1,290	417	873
ROOF-DOUBLE LOG HS	7,000		7,000
ROOF-HENKEL HOUSE	4,550		4,550
ROOF-KRAUSE BARN	6,582	1,979	4,603
ROOF-BLDG NW CORNR	2,398		2,398
ROOF-POTTERY CABIN	1,350		1,350
RENOV-ZAPP/VON ROS	10,653		10,653
ROOF-SCHERRER HSE	3,500		3,500
MARY PHELPS FENCE	2,396		2,396
FURN & FIXTURES	9,218		9,218
B&B WATER HEATER	377	377
SIGNS-APOTHECARY	625	625
HOT WATER HEATER	315	289	26
6 ROCKING CHAIRS	534	534
2 PICNIC TABLES	470	470
TREATED TABLE	235	235
ENTRANCE SIGN	225	222	3
TRACTOR	6,500	6,500
WHIRLPOOL DRYER	438	438
CHARGE CARD MACH	435	400	35
COMPUTER PROGRAM	237	237
GUEST TRACKER SFTW	280	280
ANTIQUES (PRE 1983	13,828		13,828
ANTIQUES (PRE 1983	9,018		9,018
LOT 11 KRAUSE FARM	4,622		4,622
KRAUSE DRIVEWAY	2,040		2,040
LOT 125 RUBERFELD	385		385
LOT 25 RUBERFELD	2,380		2,380
2ND BREWERY-BLDG	83,700		83,700
2ND BREWERY-LAND	27,900		27,900
200 AMP METER LOOP	1,350	471	879
TOILETS-ARTGALLERY	138	28	110
TRACK LIGHTS-APOTH	408	408
DISHWASHER-OLD ROS	400	400
ICE CREAM CABINET	2,359	2,359
CARRIAGE RESTORATN	4,042	784	3,258
TRACK LIGHTS-APOTH	588	588
WALLPAPER-HH	1,317	1,317
IMPROV-SCHUMANN #2	1,623	308	1,315
ROOF-STORAGE BLDG	1,700	332	1,368
WATER HEATER-APOTH	170	170
BATH FIXT-HEN SQ	468	89	379
A/C UNIT-ADM BLDG	3,205	3,205
IMPROV-M PHELPS HS	667		667
ROOF-PALMER BARN	4,500	869	3,631
IMPROV-PALMER BARN	4,225	790	3,435
A/C -PALMER BARN	4,930	4,930
LIGHT FIXT-PALMER	1,944	359	1,585
SIGNS-ROSENBERG	1,057	1,057
KITCHEN KNOBS	137	98	39
COMPUTER DESKS (2)	65	41	24
COMPUTER CHAIRS(2)	63	46	17
A/C UNIT-HOGG	6,279	4,513	1,766
A/C UNIT-OLD STONE	4,780	3,435	1,345
2 COMPUTER SYSTEMS	2,320	1,494	826
DSL EQUIPMENT	257	167	90
A/C UNIT-OLD STONE	2,074	1,490	584
HEAT PUMP-KNUTZEN	2,190	1,575	615
A/C UNIT-APOTH	5,735	4,121	1,614
FAX/COPIER	50	33	17
REFRIGERATOR	389	281	108
IMPROV-APOTHECARY	2,183	340	1,843
IMPROV-HAW CREEK	4,039	643	3,396
WALLPAPER-HH	632	113	519
IMPROV-HENKLE SQ	7,630	1,385	6,245
IMPROV-PALMER BARN	8,924	1,579	7,345
A/C UNIT-BYBEE FRM	8,970	6,830	2,140
REFRIGERATOR-GUEST	118	91	27
DRYER-GUEST HOUSE	340	257	83
PH DIGGER-GUEST	35	25	10
A/C UNIT-LOG CABIN	124	94	30
A/C UNIT-OLD STONE	5,250	3,998	1,252
IMPROV-HENKEL SQ	3,248	490	2,758
IMPROV-MARY PHELPS	6,125	900	5,225
IMPROV-SCHUMANN #2	9,625	1,415	8,210
IMPR-VON ROSENBERG	7,600	1,149	6,451
FURN-APOTHECARY	450	342	108
FURN-BYBEE FARM	202	153	49
BR FIXT-BYBEE FARM	754	573	181
FIXT-GUEST HOUSE	365	280	85
FAUCET-HENKEL SQ	44	33	11
FIXT-HOGG ATTIC	350	266	84
FIXT-KNUTZEN HOUSE	762	579	183
B&B BEDDING	5,477	4,171	1,306
B&B FURNITURE	361	274	87
GAS STATION	107	16	91
PALMER BARN	4,188	593	3,595
HENKEL KITCHEN	5,825	826	4,999
HOGG HOUSE	4,455	632	3,823
LUMBER BARN	5,000	710	4,290
OFFICE HENKEL	4,759	676	4,083
CORNER BLDG HENKEL	4,759	676	4,083
OTHER 2005	3,190	454	2,736
IMPROV-APOTHECARY	2,769	317	2,452
IMPROV-HENKEL SQ	9,713	1,152	8,561
HSE FRM LA GRANGE	6,500	786	5,714
IMPROV-MARY PHELPS	587	74	513
IMPROV-PALMER BARN	179	23	156
IMPROV-POLE BARN	150	20	130
DIGITAL CAMERA	130	102	28
IMPROV-APOTHECARY	1,420	110	1,310
IMPROV-HS BATHROOM	1,872	162	1,710
IMPROV-HENKEL SQ	3,857	334	3,523
IMPROV-M PHELPS HS	1,744	152	1,592
IMPROV-PALMER THTR	898	76	822
IMPROV-SCHUMANN #1	1,231	110	1,121
IMPROV-VON ROS HSE	1,185	104	1,081
HENKLE SQ CURTAINS	36	27	9
APOTH-ELECTRICAL	712	461	251

- TIN:

TY 2010 OtherAssetsSchedule

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
BUILDING RESTORATION SUPPLIES	9,851	9,851	9,851
DEPOSITS	100	100	100
MINERAL INTERESTS	154,500	154,500	154,500
NET INTANGIBLE ASSETS	245	245	245
ROUNDING	-2	-2	-2

- TIN:

TY 2010 OtherDecreasesSchedule

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Description	Amount
FEDERAL INCOME TAX PAID 2010 ESTIMATED	2,292

- TIN:

TY 2010 OtherExpensesSchedule

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INSURANCE	9,096	3,638	910	4,548
BANK & CREDIT CARD CHARGES	6,728
CONTRACT LABOR	1,080	432	108	540
UTILITIES	2,711	1,084	271	1,355
MISCELLANEOUS	283	113	28	141
OFFICE EXPENSES	834	334	83	417
TELEPHONE	3,766	1,506	377	1,883
SPECIAL EVENT EXPENSES	988
APOTHECARY SHOP EXPENSE	5,861
HENKEL SQUARE EXPENSE	13,275
BLOCK 8	39,190
INTERNET	815	326	82	408
GENERAL AND ADMINISTRATIVE	17	7	2	9
SURVEY EXPENSE	1,450	580	145	725
DOLLAR ROUNDING	-2
Rent and Royalty Expense	21,217

- TIN:

TY 2010 OtherIncomeSchedule2

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
INCOME FROM SPECIAL EVENTS	307
PROGRAM SERVICE REVENUE TOUR ADMISSIONS	528
MISCELLANEOUS INCOME	625
DOLLAR ROUNDING	-2
Royalty Income	50,590	50,590	50,590

- TIN:

TY 2010 OtherLiabilitiesSchedule

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Description	Beginning of Year - Book Value	End of Year - Book Value
PAYROLL TAXES PAYABLE	1,150	1,075
RENTAL DEPOSITS PAYABLE	5,463	5,463

- TIN:

TY 2010 OtherProfessionalFeesSchedule

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
APPRAISAL FEE	2,250	900	225	1,125

- TIN:

TY 2010 SalesOfInventoryList

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Category	Gross Sales	Cost of Goods Sold	Net (Gross Sales Minus Cost of Goods Sold)
APOTHECARY SHOP SALES	7,455		7,455

- TIN:

TY 2010 TaxesSchedule

Name:

FAITH P & CHARLES L BYBEE FOUNDATION

EIN: 74-1917686

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PAYROLL	4,478	1,791	448	2,239
PROPERTY	4,920	1,968	492	2,460
SALES TAXES-APOTHECARY SHOP	684
FOREIGN TAX WITHHHOLDIGN	85	34	9	43