Form990-PF
Click to see attachment

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
Jennings & Rebecca Jones Foundation Inc
 

Number and street (or P.O. box number if mail is not delivered to street address)2923 Dilton Mankin Road   Room/suite
City or town, state, and ZIP code
Murfreesboro, TN37127
A Employer identification number

58-1698633
B Telephone number (see page 10 of the instructions)

(615) 893-9212
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$5,602,362J 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)  
2 Check bullet
3 Interest on savings and temporary cash investments 1,130 1,130 1,130
4 Dividends and interest from securities...... 105,658 105,658 105,658
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 156,208
b Gross sales price for all assets on line 6a 5,207,141
7 Capital gain net income (from Part IV, line 2)... 156,208
8 Net short-term capital gain......... 227,515
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)....... Click to see attachment 6,000    
12 Total. Add lines 1 through 11........ 268,996 262,996 334,303
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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 134      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 4,460      
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,053    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 28,758      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 36,405 0   0
25 Contributions, gifts, grants paid........ 155,500 155,500
26 Total expenses and disbursements. Add lines 24 and 25 191,905 0   155,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 77,091
b Net investment income (if negative, enter -0-) 262,996
c Adjusted net income (if negative, enter -0-)... 334,303
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............... 3,766 8,744 8,744
2 Savings and temporary cash investments.......... 670,812 854,907 854,907
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)      
b Investments—corporate stock (attach schedule)........ 3,446,063 3,328,967 3,665,055
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,064,886 1,064,886 1,064,886
14 Land, buildings, and equipment: basis bullet35,268
Less: accumulated depreciation (attach schedule) bullet31,280 6,408 Click to see attachment3,988 3,988
15 Other assets (describe bullet) Click to see attachment8,010 Click to see attachment4,784 Click to see attachment4,782
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,199,945 5,266,276 5,602,362
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) Click to see attachment10,760  
23 Total liabilities (add lines 17 through 22).......... 10,760 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 5,189,185 5,266,276
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 5,189,185 5,266,276
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,199,945 5,266,276
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 5,189,185
2 Enter amount from Part I, line 27a...................... 2 77,091
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 5,266,276
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 5,266,276
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.)
1 a        
b Capital Gain Dividends      
c COST BASIS DIFFERENT FROM BROKER P 2007-01-01 2010-06-30
d 15000 PHYCOR-WORTHLESS P 2007-01-01 2010-06-30
e 150 SPDR TRUST SERIES 1 P 2008-10-08 2010-06-22
350 SPDR TRUST SERIES 1 P 2008-10-08 2010-06-22
46 VANGUARD REIT ETF P 2010-11-22 2010-10-13
2200 VANGUARD REIT ETF P 2009-10-29 2010-04-16
2748 VANGUARD REIT ETF P 2009-10-29 2010-03-24
52 VANGUARD REIT ETF P 2009-08-17 2010-03-24
50 VANGUARD EUROPEAN ETF P 2010-04-19 2010-03-09
2149 VANGUARD EUROPEAN ETF P 2010-08-22 2010-08-03
5036 VANGUARD EUROPEAN ETF P 2009-10-29 2010-08-03
239 VANGUARD EUROPEAN ETF P 2009-10-29 2010-04-15
61 VANGUARD EUROPEAN ETF P 2009-08-17 2010-04-15
45 VANGUARD EMRG MKTS ETF P 2010-11-22 2010-10-13
85 VANGUARD EMRG MKTS ETF P 2010-04-19 2010-03-09
1000 SPDR TRUST SERIES 1 P 2011-09-09 2010-12-19
2729 SPDR TRUST SERIES 1 P 2010-09-09 2010-11-18
8 SPDR S&P RETAIL P 2010-11-22 2010-10-13
500 SPDR S&P METALS & MINING P 2010-09-23 2010-11-19
20 SPDR S&P HOMEBUILDERS P 2010-11-22 2010-10-13
8 SPDR KBW INSURANCE P 2010-11-22 2010-10-13
13 SPDR KBW BANK ETF P 2010-11-22 2010-10-13
2729 SPDR KRW BANK ETF P 2010-09-23 2010-11-24
731 SPDR BARCLAYS CAPITAL 1-3 MONTHS P 2009-08-17 2010-08-22
4527.543 RYDEX/SGI MANAGED FUT STR P 2010-06-22 2010-07-08
5405.886 RYDEX/SGI MANAGED FUT STR P 2009-08-27 2010-07-08
921.008 RYDEX/SGI MANAGED FUT STR P 2009-08-17 2010-07-08
37.550 RYDEX/SGI MANAGED FUT STR P 2009-08-07 2010-07-08
8614.478 RYDEX/SGI MANAGED FUT STR P 2009-08-07 2010-05-05
2400 PROSHARES SHORT S&P 500 P 2010-07-28 2010-08-26
1428 POWERSHARES DB COMM TRK P 2010-06-22 2010-06-30
5539 POWERSHARES DB COMM TRK P 2009-08-27 2010-06-30
55 POWERSHARES DB COMM TRK P 2010-02-22 2009-12-28
55 POWERSHARES DB COMM TRK P 2010-04-19 2010-03-09
1200 ISHRES MSCI MEXICO MKT INDEX P 2010-08-03 2010-11-19
1667 ISHARES SP SMALLCAP 600 INDEX P 2010-07-14 2010-08-18
45 ISHARES SP SMALLCAP 600 INDEX P 2010-06-22 2010-08-18
3959 ISHARES SP SMALLCAP 600 INDEX P 2009-10-29 2010-08-18
1 ISHARES SP SMALLCAP 600 INDEX P 2009-08-27 2010-08-18
39 ISHARES SP SMALLCAP 600 INDEX P 2010-01-19 2009-12-29
2961 ISHARES S&p 500 VALUE INDEX P 2010-06-22 2010-08-16
656 ISHARES S&p 500 VALUE INDEX P 2010-05-04 2010-08-16
7 ISHARES S&p 500 VALUE INDEX P 2009-10-29 2010-08-16
3100 ISHARES S&p 500 VALUE INDEX P 2009-10-29 2010-04-16
169 ISHARES S&p 500 VALUE INDEX P 2009-10-29 2010-03-24
31 ISHARES S&p 500 VALUE INDEX P 2009-08-17 2010-03-24
33 ISHARES S&p 500 VALUE INDEX P 2010-02-22 2009-12-29
711 ISHARES S&P 500 GROWTH INDEX P 2010-08-22 2010-08-16
2842 ISHARES S&P 500 GROWTH INDEX P 2010-05-04 2010-08-18
37 ISHARES S&P 500 GROWTH INDEX P 2009-10-29 2010-08-18
748 ISHARES S&P 500 GROWTH INDEX P 2009-10-29 2010-04-16
1350 ISHARES S&P 500 GROWTH INDEX P 2009-08-17 2010-04-16
902 ISHARES S&P 500 GROWTH INDEX P 2009-08-07 2010-04-18
1222 ISHARES S&P MIDCAP 400 INDEX P 2010-07-14 2010-08-16
559 ISHARES S&P MIDCAP 400 INDEX P 2010-08-22 2010-08-16
1896 ISHARES S&P MIDCAP 400 INDEX P 2010-05-04 2010-08-16
79 ISHARES S&P MIDCAP 400 INDEX P 2009-10-29 2010-08-16
2306 ISHARES S&P MIDCAP 400 INDEX P 2009-10-29 2010-04-16
94 ISHARES S&P MIDCAP 400 INDEX P 2009-08-27 2010-04-16
24 ISHARES S&P MIDCAP 400 INDEX P 2010-02-22 2009-12-28
13 ISHARES S&P LATIN AME P 2010-11-22 2010-10-13
2000 ISHARES MSCI TURKEY INDEX P 2010-08-03 2010-11-29
2500 ISHARES MSCI STH KOREA IND P 2010-08-03 2010-09-27
2914 ISHARES MSCI PAC EX JPN IDX P 2010-06-22 2010-08-03
40 ISHARES MSCI PAC EX JPN IDX P 2009-10-29 2010-08-03
269 ISHARES MSCI PAC EX JPN IDX P 2009-10-29 2010-04-16
2131 ISHARES MSCI PAC EX JPN IDX P 2009-08-27 2010-04-16
1091 ISHARES MSCI JAPAN INDEX FUND P 2010-06-22 2010-08-03
6929 ISHARES MSCI JAPAN INDEX FUND P 2010-08-27 2010-08-03
797 ISHARES MSCI CANADA INDEX FD P 2010-06-22 2010-08-03
3373 ISHARES MSCI CANADA INDEX FD P 2010-05-04 2010-08-03
80 ISHARES MSCI CANADA INDEX FD P 2009-10-29 2010-08-03
710 ISHARES MSCI CANADA INDEX FD P 2009-10-29 2010-04-18
3290 ISHARES MSCI CANADA INDEX FD P 2009-08-27 2010-04-18
26 ISHARES MSCI CANADA P 2010-02-22 2009-12-29
14 ISHARES MSCI CANADA P 2010-02-22 2009-12-28
179 ISHARES JP MORGAN EM BOND P 2010-06-22 2010-08-19
527 ISHARES JP MORGAN EM BOND P 2009-10-29 2010-08-19
796 ISHARES JP MORGAN EM BOND P 2009-08-27 2010-08-19
2400 ISHARES INC MSCI THAILAND P 2010-08-03 2010-09-09
398 ISHARES IBOXX $H/Y CORP BND P 2009-10-29 2010-03-19
1902 ISHARES IBOXX $H/Y CORP BND P 2009-08-27 2010-03-19
1 ISHARES BARCLAYS TIPS BD FD P 2010-04-05 2010-03-09
292 ISHARES BARCLAYS TIPS BD FD P 2009-08-17 2010-06-22
679 ISHARES BARCLAYS TIPS BD FD P 2010-08-07 2010-07-22
10 INDUSTRIAL SEL P 2010-11-22 2010-10-13
1222.845 GOLDMAN SACHS ABSLTE P 2010-06-22 2010-10-13
7519.788 GOLDMAN SACHS ABSLTE P 2010-02-05 2010-10-13
24.812 E V GLOBAL MACRO ABSOLUT P 2010-05-28 2010-06-22
23.862 E V GLOBAL MACRO ABSOLUT P 2010-04-30 2010-06-22
24.686 E V GLOBAL MACRO ABSOLUT P 2010-03-31 2010-06-22
14.258 E V GLOBAL MACRO ABSOLUT P 2010-02-26 2010-06-22
6433.114 E V GLOBAL MACRO ABSOLUT P 2010-02-05 2010-06-22
10 CONS STAPLES SEL P 2010-11-22 2010-10-13
1000 CONS DISCRET SEL P 2010-09-23 2010-11-19
(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       293
b        
c     3,165 -3,165
d     67,817 -67,817
e 16,706   16,890 -184
38,982   39,410 -428
6,670     6,670
105,895   87,529 18,366
132,273   109,332 22,941
2,503   1,902 601
2,250     2,250
101,816   93,341 8,475
238,597   253,170 -14,573
11,818   12,015 -197
3,016   2,689 327
2,700     2,700
4,250     4,250
121,828   111,352 10,476
324,903   303,880 21,023
440     440
30,305   26,361 3,944
500     500
800     800
520     520
61,043   63,086 -2,043
33,516   33,522 -6
111,456   113,732 -2,276
133,103   146,689 -13,586
22,673   24,849 -2,176
924   1,021 -97
226,733   234,141 -7,408
127,491   122,024 5,467
30,903   31,977 -1,074
119,869   123,934 -4,065
2,475     2,475
825     825
69,839   62,304 7,535
90,593   95,162 -4,569
2,446   2,630 -184
215,152   200,874 14,278
54   51 3
1,365     1,365
154,238   159,307 -5,069
34,171   37,489 -3,318
365   355 10
173,287   157,223 16,064
9,447   8,571 876
1,733   1,484 249
2,640     2,640
39,605   40,916 -1,311
147,169   158,198 -11,029
2,061   2,041 20
45,253   41,264 3,989
81,674   67,808 13,866
54,570   46,563 8,007
90,082   92,143 -2,061
41,208   43,030 -1,822
139,767   153,921 -14,154
5,824   5,339 485
181,594   155,849 25,745
7,402   6,157 1,245
2,880     2,880
1,690     1,690
130,664   124,946 5,718
131,973   126,506 5,467
118,927   115,393 3,534
1,633   1,643 -10
11,782   11,047 735
93,336   78,247 15,089
10,652   10,615 37
67,654   70,602 -2,948
21,612   21,949 -337
91,464   93,220 -1,756
2,169   1,964 205
20,199   17,435 2,764
93,599   78,299 15,300
910     910
490     490
19,912   18,596 1,316
58,624   53,446 5,178
88,547   78,135 10,412
137,665   121,829 15,836
35,243   34,345 898
168,420   156,223 12,197
50   5 45
31,041   29,408 1,633
72,181   67,710 4,471
740     740
11,140   10,883 257
68,505   66,776 1,729
258   21 237
248   18 230
257   17 240
148   9 139
66,904   65,934 970
260     260
35,749   33,205 2,544
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       -3,165
d       -67,817
e       -184
      -428
      6,670
      18,366
      22,941
      601
      2,250
      8,475
      -14,573
      -197
      327
      2,700
      4,250
      10,476
      21,023
      440
      3,944
      500
      800
      520
      -2,043
      -6
      -2,276
      -13,586
      -2,176
      -97
      -7,408
      5,467
      -1,074
      -4,065
      2,475
      825
      7,535
      -4,569
      -184
      14,278
      3
      1,365
      -5,069
      -3,318
      10
      16,064
      876
      249
      2,640
      -1,311
      -11,029
      20
      3,989
      13,866
      8,007
      -2,061
      -1,822
      -14,154
      485
      25,745
      1,245
      2,880
      1,690
      5,718
      5,467
      3,534
      -10
      735
      15,089
      37
      -2,948
      -337
      -1,756
      205
      2,764
      15,300
      910
      490
      1,316
      5,178
      10,412
      15,836
      898
      12,197
      45
      1,633
      4,471
      740
      257
      1,729
      237
      230
      240
      139
      970
      260
      2,544
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 2 156,208
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 3 227,515
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      
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)
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 5,260
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  
3 Add lines 1 and 2............................ 3 5,260
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 5,260
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 2,220
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet0 Refunded Bullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
 
No
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)bullet
    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 ofbulletJ Paul Vaughan Telephone no.bullet (615) 893-9212
    Located atbullet2923 Dilton MankinMurfreesboroTN ZIP+4bullet37127
    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
     
    No
    .........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 bullet2009, 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
    Yes
     
    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
     
    No
    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
     
    No
    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
    Lee Moss Director
    1.00     		0    
    1431 SHAGBARK TR
    Murfreesboro,TN37130
    James Burton Vice CHAIRMAN
    1.00     		0    
    3030 ST JOHNS DR
    Murfreesboro,TN37129
    Christina Jones Director
    1.00     		0    
    2308 Londonderry Drive
    Murfreesboro,TN37129
    J Paul Vaughan Sec/Treasurer.
    1.00     		0    
    2923 Dilton-Mankin Lane
    Murfreesboro,TN37127
    Rebecca R Jones Director
    1.00     		0    
    1925 MEMORIAL BLVD
    Murfreesboro,TN37129
    W Ransom Jones Chairman
    1.00     		0    
    3602 E JEFFERSON PK
    LASCASSAS,TN37085
    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  
    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.............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 The foundation does not engage in any charitable activities. 0
    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...........................bullet  
    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
    3,369,329
    b
    Average of monthly cash balances.......................
    1b
    884,026
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    1,073,657
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,327,012
    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
     
    3
    Subtract line 2 from line 1d..........................
    3
    5,327,012
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    79,905
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,247,107
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    262,355
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    262,355
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    5,260
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,260
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    257,095
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    257,095
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    257,095
    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
    155,500
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    155,500
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    155,500
    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 7 257,095
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 162,498
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 155,500
    a Applied to 2009, but not more than line 2a 155,500
    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)...     		0
    d Applied to 2010 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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 ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		6,998
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		257,095
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    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).)
    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
    YMCA
    205 N THOMPSON LANE
    MURFREESBORO,TN37129     		    GENERAL 5,000
    YEAH
    PO BOX 331561
    MURFREESBORO,TN37133     		    GENERAL 5,000
    SPECIAL KIDS
    202 ARNETTE ST
    MURFREESBORO,TN37130     		    GENERAL PROGRAMS 10,000
    MURFREESBORO CITY SCHOOL FOUNDATION
    2552 S CHURCH ST
    MURFREESBORO,TN37127     		    EDUCATION INITIATIVES 19,500
    Read to Succeed
    PO BOX 12161
    Murfreesboro,TN37129     		    GENERAL 12,500
    Business Education Partnership
    501 MEMORIAL BLVD
    MURFREESBORO,TN37129     		    BEP Grant 15,000
    Mboro Youth Orchestra
    722 S CHURCH ST
    MURFREESBORO,TN37130     		    Purchase of instruments 5,000
    Rutherford Co Board of Ed
    2240 SOUTHPARK BLVD
    MURFREESBORO,TN37128     		    VARIOUS EDUCATION INITIATIVES 53,500
    MTSU Foundation
    MIDDLE TN BLVD
    Murfreesboro,TN37132     		    VARIOUS EDUCATION INITIATIVES 30,000
    Total .................................bullet 3a 155,500
    bApproved for future payment
    Total ..................................bullet 3b  
    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     14 1,130  
    4 Dividends and interest from securities....     14 105,658  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory         156,208
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aLand Rent     16 6,000  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   112,788 156,208
    13Total. Add line 12, columns (b), (d), and (e)...................
    13268,996
    (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: 10000105
    Software Version: 2010v3.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    Jennings & Rebecca Jones Foundation Inc
    EIN: 58-1698633
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Professional fees 134 0 0 0

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

    TY 2010 DepreciationSchedule
    Name:
    Jennings & Rebecca Jones Foundation Inc
    EIN: 58-1698633
    Software ID:10000105
    Software Version:2010v3.2
    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
    XEROX LASER PRINTER 2010-07-19 634   54 10.00 % 63      
    MACBOOK 2008-04-18 3,688 1,107 54 20.00 % 738      
    HP 7740 PRINTER 2007-07-05 494 247 54 20.00 % 99      
    LATERAL FILE CABINET 2007-07-05 483 242 54 20.00 % 97      
    LENOVO 2C4DJ5 LAPTOP 2007-06-01 2,898 1,450 54 20.00 % 580      
    APPLE IMAC PRO 2006-09-14 4,134 2,894 54 20.00 % 827      
    IBM Thinkpad 2005-09-22 2,116 1,903 54 10.00 % 213      
    HP PDA 2005-08-18 655 590 54 10.00 % 65      
    Dell XPS Desktop computer 2005-01-26 3,706 3,335 54 10.00 % 371      

    TY 2010 LandEtcSchedule2
    Name:
    Jennings & Rebecca Jones Foundation Inc
    EIN: 58-1698633
    Software ID:10000105
    Software Version:2010v3.2
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Machinery and Equipment 35,268 31,280 3,988 3,988


    TY 2010 OtherAssetsSchedule
    Name:
    Jennings & Rebecca Jones Foundation Inc
    EIN: 58-1698633
    Software ID:10000105
    Software Version:2010v3.2
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Rounding 1 2  
    Federal Tax Deposits 5,872 3,040 3,040
    Dividends Receivable 2,137 1,742 1,742


    TY 2010 OtherExpensesSchedule
    Name:
    Jennings & Rebecca Jones Foundation Inc
    EIN: 58-1698633
    Software ID:10000105
    Software Version:2010v3.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Telephone 1,057      
    Office Supplies 874      
    MAINTENANCE 963      
    INSURANCE 595      
    DUES & PUBLICATIONS 265      
    BROKERAGE FEES 24,686      
    Bank Fees 318      


    TY 2010 OtherIncomeSchedule2
    Name:
    Jennings & Rebecca Jones Foundation Inc
    EIN: 58-1698633
    Software ID:10000105
    Software Version:2010v3.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Land Rent 6,000    


    TY 2010 TaxesSchedule
    Name:
    Jennings & Rebecca Jones Foundation Inc
    EIN: 58-1698633
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,443      
    EXCISE TAX-2009 3,017