Form990-PF

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

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2035   Room/suite
City or town, state, and ZIP code
EL PRADO, NM87529
A Employer identification number

76-0754268
B Telephone number (see page 10 of the instructions)

(575) 770-8247
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$4,426,713J 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) 1,205,526
2 Check bullet
3 Interest on savings and temporary cash investments 6,676 6,676 6,676
4 Dividends and interest from securities...... 85,180 85,180 85,180
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 40,577
b Gross sales price for all assets on line 6a 1,262,003
7 Capital gain net income (from Part IV, line 2)... 40,577
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,337,959 132,433 91,856
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 10,620 2,655   7,965
15 Pension plans, employee benefits....... 305 77   228
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 792 485   10
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,468     3,468
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 33,574 25,663   7,911
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 48,759 28,880   19,582
25 Contributions, gifts, grants paid........ 162,350 162,350
26 Total expenses and disbursements. Add lines 24 and 25 211,109 28,880   181,932
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,126,850
b Net investment income (if negative, enter -0-) 103,553
c Adjusted net income (if negative, enter -0-)... 91,856
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 794,542 311,947 311,947
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........... 297    
10a Investments—U.S. and state government obligations (attach schedule) 38,829 39,313 42,508
b Investments—corporate stock (attach schedule)........ 1,740,862 Click to see attachment3,213,662 3,546,909
c Investments—corporate bonds (attach schedule)........ 379,839 Click to see attachment519,450 525,349
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,954,369 4,084,372 4,426,713
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 attachment2,045 Click to see attachment5,198
23 Total liabilities (add lines 17 through 22).......... 2,045 5,198
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,952,324 4,079,174
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,952,324 4,079,174
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,954,369 4,084,372
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 2,952,324
2 Enter amount from Part I, line 27a...................... 2 1,126,850
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 4,079,174
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 4,079,174
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 CALL HON JUN 00046.00 P 2010-06-21 2010-01-14
b FMC CORP COM NEW P 2010-06-02 2010-08-24
c UNITED TECHS CORP COM P 2009-12-28 2010-04-20
d GILEAD SCIENCES INC COM P 2009-11-11 2010-05-11
e ROYAL DUTCH SHEL PLC P 2009-12-28 2010-02-23
CISCO SYSTEMS INC COM P 2008-12-02 2010-04-20
XILINX INC P 2008-12-02 2010-01-14
CHINA LIFE INS CO SP ADR P 2010-02-03 2010-08-31
POWERSHARES FTSE RAFI P 2009-12-16 2010-02-03
SANOFI AVENTIS SPON ADR P 2010-02-03 2010-02-24
CLIFFS NATURAL RESOURCES P 2010-09-10 2010-10-12
QEP RESOURCES INC SHS P 2010-06-07 2010-10-11
JACK IN THE BOX INC P 2009-05-19 2010-04-19
ENDO PHARMACEUTCLS HLDGS P 2009-03-05 2010-06-07
LAZARD LTD CL A P 2009-09-16 2010-06-07
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-06-04
ARCH CAPITAL GRP LTD BM P 2009-02-13 2010-02-23
MCAFEE INC P 2009-04-28 2010-06-16
CALL CAT NOV 00085.00 P 2010-11-22 2010-09-27
FMC CORP COM NEW P 2010-08-11 2010-08-24
YUM BRANDS INC P 2009-09-09 2010-05-11
GILEAD SCIENCES INC COM P 2009-12-28 2010-05-11
STATE STREET CORP P 2009-09-09 2010-08-24
DEVRY INC DEL P 2009-02-24 2010-04-07
JOHNSON AND JOHNSON COM P 2007-07-26 2010-08-03
EMPRESAS ICA SA DE CV P 2010-02-03 2010-05-14
POWERSHARES FTSE RAFI P 2009-12-24 2010-02-03
TAIWAN S MANUFCTRING ADR P 2010-02-03 2010-02-05
CRACKER BAREL OLD COUNTR P 2009-09-16 2010-06-07
RENAISSANCERE HLDGS LTD P 2010-02-12 2010-06-07
KAR AUCTION SERVICES INC P 2010-04-21 2010-06-07
FOREST LABS INC P 2009-03-05 2010-03-11
MFB NORTHN FDS SMALL CAP GROWTH FUND P 2010-02-08 2010-02-23
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-07-08
BROADCOM CORP CALIF CL A P 2008-10-10 2010-08-05
APPLESEED FD P 2010-12-23 2010-03-03
CALL TSW MAR 00045.00 P 2010-03-16 2009-11-23
GENERAL MILLS P 2010-08-24 2010-09-10
YUM BRANDS INC P 2009-09-09 2010-08-24
INTEL CORP P 2009-10-20 2010-08-24
STATE STREET CORP P 2009-12-28 2010-08-24
GENERAL MILLS P 2007-07-26 2010-04-20
JOHNSON AND JOHNSON COM P 2008-05-07 2010-08-03
ISHARES MSCI HONG KONG P 2009-12-16 2010-02-03
SPDR S P WORLD EX US P 2009-09-30 2010-02-03
TELEFONICA SA SPAIN ADR P 2010-02-03 2010-05-14
DIGITAL RLTY TR INC P 2010-06-07 2010-09-10
QUESTAR CORP NPV P 2010-06-07 2010-07-13
KULICKE&SOFFA INDUST P 2010-03-09 2010-06-07
HERBALIFE LTD P 2008-10-10 2010-02-12
MFCSPDR GOLD TR GOLD SHS P 2010-03-15 2010-04-29
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-08-04
BROADCOM CORP CALIF CL A P 2008-10-10 2010-08-26
AMERICAN CENTURY INTERNATIONAL BOND P 2010-12-13 2010-03-03
CALL GIS JUL 00075.00 P 2010-04-20 2010-02-19
HEWLETT PACKARD CO DEL P 2010-08-24 2010-11-12
YUM BRANDS INC P 2009-12-28 2010-08-24
INTEL CORP P 2009-12-28 2010-08-24
SCHLUMBERGER LTD P 2010-05-03 2010-08-24
INTL BUSINESS MACHINES P 2009-04-14 2010-06-16
MONSANTO CO NEW DEL COM P 2009-02-24 2010-06-02
ISHARES MSCI HONG KONG P 2009-12-24 2010-02-03
SPDR S P WORLD EX US P 2009-12-16 2010-02-03
ISHARES MSCI HONG KONG P 2008-10-10 2010-02-03
DR PEPPER SNAPPLE GROUP P 2010-06-07 2010-11-30
RPM INTERNATIONAL INC P 2010-06-07 2010-07-13
KULICKE&SOFFA INDUST P 2010-03-09 2010-08-09
HERBALIFE LTD P 2008-10-10 2010-06-07
PIMCO COMMODITY REALRETURN STRATEGY P 2010-03-15 2010-05-14
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-09-03
CVS CAREMARK CORP P 2008-10-10 2010-01-14
CALVERT SOCIAL INVT BOND FUND CLASS P 2010-12-02 2010-03-03
CALL PEP JUL 00067.50 P 2010-07-19 2010-01-15
LABORATORY CP AMER HLDGS P 2010-08-03 2010-08-24
CALL DV MAY 00065.00 P 2010-04-07 2010-01-15
JPMORGAN CHASE & CO P 2009-11-11 2010-08-24
SCHLUMBERGER LTD P 2010-05-11 2010-08-24
ORACLE CORP 0.01 DEL P 2008-10-14 2010-06-16
MONSANTO CO NEW DEL COM P 2009-04-14 2010-06-02
ISHARES MSCI SINGAPORE P 2009-12-16 2010-02-03
SPDR S P WORLD EX US P 2009-12-24 2010-02-03
ISHARES MSCI SINGAPORE P 2008-10-10 2010-02-03
ENSCO PLC-SPON ADR P 2010-03-11 2010-04-21
SOUTHWEST AIRLNS CO P 2010-07-13 2010-10-12
L-3 COMMNCTNS HLDGS P 2010-06-07 2010-07-13
HERBALIFE LTD P 2009-03-05 2010-06-07
MFB NORTHN MID CAP INDEX FD FD P 2009-01-15 2010-02-08
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-10-04
CHESAPEAKE ENERGY OKLA P 2008-10-10 2010-06-30
DOMINI SOCIAL BOND FUND INVESTOR CLA P 2010-12-22 2010-03-03
CALL AMT OCT 00050.00 P 2010-08-24 2010-03-03
NIKE INC CL B P 2009-09-09 2010-08-24
CALL ROK JUL 00060.00 P 2010-05-11 2010-03-03
JPMORGAN CHASE & CO P 2009-12-28 2010-08-24
US BANCORP (NEW) P 2009-10-20 2010-08-24
ORACLE CORP 0.01 DEL P 2008-12-02 2010-06-16
CREDICORP LTD COM PV 5 P 2010-02-03 2010-05-14
ISHARES MSCI SINGAPORE P 2009-12-24 2010-02-03
POWERSHARES FTSE RAFE P 2009-12-16 2010-02-03
ISHARES TR MSCI EAFE P 2008-10-10 2010-02-03
GAP INC DELAWARE P 2009-07-15 2010-06-07
SYBASE INC COM P 2009-11-16 2010-06-07
MASSEY ENERGY CO COM P 2010-04-21 2010-06-07
MADISON SQUARE GARDEN IN P 2009-03-05 2010-10-11
MFB NORTHN FDS SMALL CAP GROWTH FUND P 2009-01-15 2010-02-23
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-11-05
DEVON ENERGY CORP NEW P 2008-10-10 2010-02-23
DOMINI SOCIAL BOND FUND INVESTOR CLA P 2010-12-22 2010-03-03
CALL DGX MAY 00065.00 P 2010-05-24 2010-01-14
OMNICOM GROUP COM P 2010-08-24 2010-09-28
APPLE INC P 2010-06-16 2010-08-24
JPMORGAN CHASE & CO P 2010-03-10 2010-08-24
US BANCORP (NEW) P 2009-12-28 2010-08-24
PEPSICO INC P 2007-03-14 2010-08-24
ISHARES MSCI EMERGING P 2009-09-30 2010-02-03
ISHARES TR MSCI EAFE P 2009-12-16 2010-02-03
POWERSHARES FTSE RAFE P 2009-12-24 2010-02-03
ISHARES TR MSCI EAFE P 2008-10-10 2010-02-03
GARMIN LTD (KAYMAN IS) P 2009-11-16 2010-06-07
TEREX CORP DEL NEW COM P 2010-09-10 2010-11-11
MEADWESTVACO CORP P 2010-03-11 2010-06-07
PETSMART INC P 2009-06-10 2010-06-11
MFO CREDIT SUISSE COMM RETURN PLUS P 2009-01-15 2010-04-29
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-12-03
HEWLETT PACKARD CO DEL P 2008-10-10 2010-11-12
PARNASSUS MID CAP FUND P 2010-11-19 2010-03-03
CALL JNJ JAN 0065 P 2010-01-19 2009-08-20
PHARM PROD DEV INC P 2010-08-24 2010-09-28
CHEVRON CORP P 2009-12-28 2010-08-24
JOHNSON AND JOHNSON COM P 2009-12-28 2010-08-03
US BANCORP (NEW) P 2010-04-07 2010-08-24
QUEST DIAGNOSTICS INC P 2008-10-14 2010-08-03
POWERSHARES FTSE RAFE P 2009-09-30 2010-02-03
ISHARES TR MSCI EAFE P 2009-12-24 2010-02-03
ISHARES MSCI BRIC INDEX P 2009-12-16 2010-02-03
ISHARES MSCI EMERGING P 2008-10-10 2010-02-03
GSI COMMERCE INC P 2009-06-16 2010-03-09
VEECO INSTRUMENTS INC P 2010-06-07 2010-10-12
J C PENNEY CO COM P 2009-06-16 2010-06-07
PLATINUM UNDRWRITRS HLDG P 2008-10-10 2010-06-07
PIMCO COMMODITY REALRETURN STRATEGY P 2009-04-06 2010-04-29
ALTERA CORP COM P 2009-01-16 2010-01-14
MCKESSON CORPORATION COM P 2008-10-10 2010-02-23
PARNASSUS SMALL CAP P 2010-11-19 2010-03-03
CALL SPJ JAN 0050 P 2010-01-19 2009-11-05
QUALCOMM INC P 2010-05-11 2010-08-24
CAMERON INTL CORP P 2010-02-23 2010-05-03
KENNAMETAL INC P 2010-01-14 2010-08-24
WAL-MART STORES INC P 2009-12-28 2010-08-24
QUEST DIAGNOSTICS INC P 2008-12-02 2010-08-03
ISHARES MSCI BRIC INDEX P 2009-09-30 2010-02-03
ISHARES TR MSCI EAFE P 2009-12-16 2010-02-03
ISHARES MSCI BRIC INDEX P 2009-12-24 2010-02-03
ISHARES FTSE XINHUA HK P 2008-10-10 2010-02-03
HOME PROPERTIES INC P 2009-09-16 2010-05-11
XL GROUP PLC SHS P 2010-06-07 2010-07-13
SYNNEX CORP P 2009-12-11 2010-06-07
PLATINUM UNDRWRITRS HLDG P 2008-10-10 2010-10-04
MFB NORTHN FUNDS EMERGING MKTS EQ IN P 2009-01-15 2010-05-14
MCKESSON CORPORATION COM P 2009-03-11 2010-02-23
ORACLE CORP 0.01 DEL P 2008-10-10 2010-06-16
PAX WORLD HIGH YIELD FUND INDIVIDUAL P 2010-12-22 2010-09-08
CALL TSW SEP 00050.00 P 2010-04-07 2010-03-16
ROCKWELL AUTOMATION INC P 2009-12-10 2010-05-11
COLGATE PALMOLIVE P 2009-12-28 2010-08-24
KENNAMETAL INC P 2010-05-11 2010-08-24
XILINX INC P 2009-12-28 2010-01-14
TEVA PHARMACTCL INDS ADR P 2009-03-11 2010-08-24
ISHARES MSCI TURKEY INDE P 2009-09-30 2010-02-03
ISHARES TR MSCI EAFE P 2009-12-24 2010-02-03
POWERSHARES INDIA ETF TR P 2009-09-30 2010-02-03
SPDR S P WORLD EX US P 2008-10-10 2010-02-03
HEALTH MGMT ASSOCS INC A P 2009-07-15 2010-06-07
CENTURYTEL INC P 2009-11-16 2010-03-11
AMERICAN FINL GRP HLDGS P 2008-10-10 2010-06-07
QWEST COMM INTL INC COM P 2009-03-12 2010-06-07
PIMCO COMMODITY REALRETURN STRATEGY P 2009-04-06 2010-05-14
MCKESSON CORPORATION COM P 2009-04-21 2010-02-23
QUEST DIAGNOSTICS INC P 2008-10-10 2010-08-03
PAX WORLD HIGH YIELD FUND INDIVIDUAL P 2010-12-22 2010-09-08
CALL APA JUL 00125.00 P 2010-07-19 2010-03-03
ROCKWELL AUTOMATION INC P 2009-12-28 2010-05-11
COLGATE PALMOLIVE P 2010-04-20 2010-08-24
ORACLE CORP 0.01 DEL P 2009-12-28 2010-06-16
AMERICAN TOWER CORP CL A P 2009-04-28 2010-08-24
ACE LIMITED P 2008-10-14 2010-08-24
ISHARES MSCI TURKEY INDE P 2009-12-16 2010-02-03
ISHARES MSCI EMERGING P 2009-12-16 2010-02-03
POWERSHARES INDIA ETF TR P 2009-12-16 2010-02-03
ISHARES MSCI BRIC INDEX P 2008-10-10 2010-02-03
KENNAMETAL INC P 2010-06-07 2010-09-10
CONAGRA FOODS INC P 2010-03-11 2010-11-30
AMERISOURCEBERGEN CORP P 2009-03-05 2010-06-07
VIRGIN MEDIA INC P 2009-01-20 2010-02-12
MFC SPDR GOLD TR GOLD SHS P 2010-01-05 2010-01-07
GILEAD SCIENCES INC COM P 2009-11-11 2010-05-14
SALESFORCE COM INC P 2008-11-24 2010-07-26
AMERICAN TOWER CORP CL A P 2009-12-28 2010-08-24
TENARIS S A ADR P 2009-09-25 2010-04-07
DISNEY (WALT) CO COM STK P 2010-08-11 2010-08-24
PNC FINCL SERVICES GROUP P 2010-05-03 2010-08-24
APACHE CORP P 2009-09-09 2010-11-12
ACE LIMITED P 2008-12-02 2010-08-24
ISHARES MSCI TURKEY INDE P 2009-12-24 2010-02-03
ISHARES MSCI EMERGING P 2009-12-24 2010-02-03
POWERSHARES INDIA ETF TR P 2009-12-24 2010-02-03
ALASKA AIR GROUP INC COM P 2010-01-15 2010-04-21
MARRIOTT INTL INC NEW A P 2010-06-07 2010-11-30
DEAN FOODS CO NEW P 2009-06-16 2010-06-07
CARDINAL HEALTH INC OHIO P 2009-03-05 2010-03-11
VIRGIN MEDIA INC P 2009-01-20 2010-06-07
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-02-03
HALLIBURTON COMPANY P 2010-02-23 2010-02-24
SALESFORCE COM INC P 2008-11-24 2010-11-12
APACHE CORP P 2009-12-28 2010-11-12
TORCHMARK CORP COM P 2009-09-09 2010-02-23
EXPRESS SCRIPTS INC COM P 2010-05-11 2010-08-24
QUALCOMM INC P 2010-01-14 2010-08-24
CHEVRON CORP P 2008-10-14 2010-08-24
WAL-MART STORES INC P 2009-02-13 2010-08-24
NATIONAL GRID PLC SP ADR P 2010-06-30 2010-06-30
ISHARES FTSE XINHUA HK P 2009-12-16 2010-02-03
POWERSHARES MENA FRONTR P 2009-09-30 2010-02-03
BJS WHOLESALE CLUB INC P 2009-08-14 2010-06-07
MICRON TECHNOLOGY INC P 2010-02-12 2010-06-07
DICKS SPORTING GOODS INC P 2010-06-07 2010-09-10
CABLEVISION NY GRP CL A P 2009-03-05 2010-06-07
VIRGIN MEDIA INC P 2009-01-20 2010-07-14
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-03-03
NBTY INC P 2009-11-24 2010-05-14
URS CORP NEW COM P 2008-10-10 2010-03-10
COLGATE PALMOLIVE P 2009-09-09 2010-08-11
TORCHMARK CORP COM P 2009-12-28 2010-02-23
GOLDMAN SACHS GROUP INC P 2009-09-09 2010-05-03
QUALCOMM INC P 2010-04-20 2010-08-24
CISCO SYSTEMS INC COM P 2007-03-14 2010-04-20
WISCONSIN ENERGY CORP P 2009-03-11 2010-08-24
SIEMENS AG P 2010-02-03 2010-06-16
ISHARES FTSE XINHUA HK P 2009-12-24 2010-02-03
POWERSHARES MENA FRONTR P 2009-12-16 2010-02-03
CHILDRENS PL RETL STIRS P 2009-08-14 2010-02-01
NOBLE CORP NAMEN-AKT P 2010-06-07 2010-07-13
EQUINIX INC P 2010-01-20 2010-09-10
DARDEN RESTAURANTS INC P 2009-04-20 2010-04-21
WINDSTREAM CORP P 2009-03-05 2010-06-07
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-04-08
ORACLE CORP 0.01 DEL P 2010-01-14 2010-06-16
AVON PROD INC P 2008-10-10 2010-11-12
DEVRY INC DEL P 2009-04-14 2010-04-07
UNITED TECHS CORP COM P 2009-09-09 2010-04-20
GOLDMAN SACHS GROUP INC P 2010-02-23 2010-05-03
ROYAL DUTCH SHEL PLC P 2009-09-25 2010-02-23
CISCO SYSTEMS INC COM P 2008-10-14 2010-04-20
XILINX INC P 2008-10-14 2010-01-14
TOYOTA MOTOR CORP ADR P 2010-02-03 2010-02-05
POWERSHARES FTSE RAFI P 2009-09-30 2010-02-03
POWERSHARES MENA FRONTR P 2009-12-24 2010-02-03
COMMUNITY HEALTH SYS NEW P 2009-11-16 2010-06-07
PACTIV CORPORATION P 2009-07-15 2010-06-07
GLEACHER AND CO INC P 2010-02-12 2010-08-09
DST SYSTEMS INC DEL P 2009-01-20 2010-06-07
WHITING PETROLEUM CORP P 2008-10-10 2010-06-07
MFC SPDR GOLD TR GOLD SHS P 2009-01-15 2010-05-07
PETROLEO BRAS SA ADR P 2009-09-25 2010-06-16
MONSANTO CO NEW DEL COM P 2008-10-10 2010-12-31
(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 525     525
b 18,408   18,183 225
c 7,429   7,016 413
d 7,938   9,400 -1,462
e 5,259   5,871 -612
5,473   3,002 2,471
7,185   4,527 2,658
4,907   5,664 -757
4,933   5,254 -321
3,993   4,139 -146
1,363   1,308 55
1,511   1,491 20
1,059   1,098 -39
986   823 163
1,105   1,330 -225
10     10
1,816   1,600 216
1,434   1,595 -161
620     620
6,136   6,127 9
12,663   10,066 2,597
3,969   4,326 -357
10,591   15,725 -5,134
6,540   5,250 1,290
5,930   6,123 -193
4,051   4,110 -59
11,145   11,546 -401
3,130   3,313 -183
714   518 196
1,638   1,537 101
1,432   1,609 -177
1,983   1,238 745
10,954   10,211 743
9     9
925   360 565
358     358
1,530   316 1,214
18,509   17,750 759
4,178   3,355 823
11,113   12,120 -1,007
3,530   4,435 -905
14,062   11,195 2,867
5,930   6,688 -758
634   674 -40
464   477 -13
4,456   5,769 -1,313
1,551   1,485 66
826   764 62
295   331 -36
1,540   1,166 374
5,136   4,879 257
10     10
2,396   1,080 1,316
25,963   26,000 -37
390   110 280
25,359   23,195 2,164
8,357   7,038 1,319
7,409   8,091 -682
16,756   21,094 -4,338
13,044   9,916 3,128
4,985   7,694 -2,709
1,359   1,406 -47
5,009   5,229 -220
1,329   921 408
915   902 13
1,114   1,091 23
1,149   1,252 -103
528   350 178
14,074   15,272 -1,198
17     17
1,831   1,501 330
666   15 651
330     330
15,106   15,090 16
330   620 -290
14,633   17,568 -2,935
5,585   6,761 -1,176
2,316   1,796 520
4,985   8,184 -3,199
295   313 -18
11,479   11,907 -428
689   481 208
1,680   1,578 102
1,624   1,504 120
1,448   1,608 -160
792   230 562
11,071   15,514 -4,443
17     17
1,984   1,333 651
713     713
285   180 105
21,073   16,573 4,500
615   1,022 -407
3,658   4,166 -508
12,799   14,201 -1,402
4,632   3,134 1,498
4,194   3,946 248
656   682 -26
1,091   1,148 -57
3,898   3,033 865
1,573   1,182 391
2,187   1,377 810
1,034   1,526 -492
628   210 418
16,398   18,369 -1,971
17     17
2,445   2,175 270
459     459
293     293
11,854   10,658 1,196
12,064   13,321 -1,257
3,658   4,311 -653
6,400   6,716 -316
6,481   6,279 202
197   196 1
1,705   1,805 -100
2,727   2,867 -140
13,157   10,499 2,658
1,388   1,382 6
2,356   1,941 415
1,353   1,513 -160
1,137   730 407
8,598   12,115 -3,517
17     17
1,691   1,547 144
1,834   17 1,817
230     230
12,044   11,774 270
7,443   7,749 -306
5,930   6,485 -555
2,133   2,677 -544
4,773   4,392 381
2,727   2,698 29
4,142   4,317 -175
4,370   4,684 -314
2,564   1,549 1,015
2,278   1,133 1,145
2,596   2,293 303
1,033   1,083 -50
181   121 60
14,139   11,265 2,874
2,733   1,985 748
1,224   828 396
722   19 703
285     285
7,646   7,572 74
19,126   20,438 -1,312
12,519   14,221 -1,702
10,279   10,768 -489
4,773   4,377 396
433   419 14
5,446   5,656 -210
12,330   12,996 -666
1,154   779 375
1,625   1,373 252
2,029   1,876 153
129   142 -13
1,817   1,041 776
27,397   28,307 -910
699   438 261
1,436   1,029 407
679     679
1,324   1,200 124
12,108   9,444 2,664
7,549   8,281 -732
2,504   3,101 -597
2,395   2,514 -119
10,008   8,650 1,358
2,288   2,026 262
12,941   13,343 -402
1,380   1,381 -1
10,990   8,769 2,221
818   489 329
1,386   1,390 -4
946   560 386
731   420 311
10,539   8,735 1,804
932   566 366
716   608 108
282     282
250     250
6,054   4,733 1,321
7,549   8,423 -874
4,632   4,977 -345
9,247   6,481 2,766
5,272   4,761 511
1,144   1,049 95
986   1,042 -56
637   652 -15
12,071   6,559 5,512
1,915   1,878 37
217   252 -35
624   308 316
2,204   608 1,596
4     4
1,704   2,115 -411
2,386   636 1,750
4,623   4,345 278
26,903   21,121 5,782
22,718   24,083 -1,365
20,418   27,293 -6,875
10,933   8,730 2,203
5,272   4,463 809
2,002   1,843 159
2,761   2,878 -117
1,274   1,327 -53
1,612   1,442 170
1,764   1,422 342
652   1,116 -464
1,425   897 528
1,183   294 889
4     4
2,697   2,729 -32
576   132 444
10,933   10,470 463
9,060   8,489 571
18,088   20,750 -2,662
11,469   14,528 -3,059
14,886   13,540 1,346
15,418   14,038 1,380
276   276  
836   908 -72
625   729 -104
375   309 66
1,423   1,394 29
1,423   1,492 -69
2,784   1,019 1,765
1,297   283 1,014
3     3
1,013   1,275 -262
2,789   1,355 1,434
7,674   7,157 517
4,530   4,380 150
14,946   16,938 -1,992
7,646   8,603 -957
2,737   2,578 159
11,111   7,345 3,766
6,285   5,931 354
1,194   1,268 -74
312   334 -22
1,296   1,279 17
1,774   1,556 218
951   1,029 -78
1,227   1,012 215
1,982   1,230 752
10     10
417   457 -40
1,549   1,560 -11
6,540   4,306 2,234
14,859   12,249 2,610
14,946   15,708 -762
15,776   16,936 -1,160
5,473   3,744 1,729
2,395   2,112 283
5,188   5,173 15
10,231   11,239 -1,008
750   759 -9
1,615   1,402 213
1,557   1,203 354
710   1,379 -669
184   167 17
2,128   845 1,283
8     8
1,132   1,283 -151
1,393   1,630 -237
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       525
b       225
c       413
d       -1,462
e       -612
      2,471
      2,658
      -757
      -321
      -146
      55
      20
      -39
      163
      -225
      10
      216
      -161
      620
      9
      2,597
      -357
      -5,134
      1,290
      -193
      -59
      -401
      -183
      196
      101
      -177
      745
      743
      9
      565
      358
      1,214
      759
      823
      -1,007
      -905
      2,867
      -758
      -40
      -13
      -1,313
      66
      62
      -36
      374
      257
      10
      1,316
      -37
      280
      2,164
      1,319
      -682
      -4,338
      3,128
      -2,709
      -47
      -220
      408
      13
      23
      -103
      178
      -1,198
      17
      330
      651
      330
      16
      -290
      -2,935
      -1,176
      520
      -3,199
      -18
      -428
      208
      102
      120
      -160
      562
      -4,443
      17
      651
      713
      105
      4,500
      -407
      -508
      -1,402
      1,498
      248
      -26
      -57
      865
      391
      810
      -492
      418
      -1,971
      17
      270
      459
      293
      1,196
      -1,257
      -653
      -316
      202
      1
      -100
      -140
      2,658
      6
      415
      -160
      407
      -3,517
      17
      144
      1,817
      230
      270
      -306
      -555
      -544
      381
      29
      -175
      -314
      1,015
      1,145
      303
      -50
      60
      2,874
      748
      396
      703
      285
      74
      -1,312
      -1,702
      -489
      396
      14
      -210
      -666
      375
      252
      153
      -13
      776
      -910
      261
      407
      679
      124
      2,664
      -732
      -597
      -119
      1,358
      262
      -402
      -1
      2,221
      329
      -4
      386
      311
      1,804
      366
      108
      282
      250
      1,321
      -874
      -345
      2,766
      511
      95
      -56
      -15
      5,512
      37
      -35
      316
      1,596
      4
      -411
      1,750
      278
      5,782
      -1,365
      -6,875
      2,203
      809
      159
      -117
      -53
      170
      342
      -464
      528
      889
      4
      -32
      444
      463
      571
      -2,662
      -3,059
      1,346
      1,380
       
      -72
      -104
      66
      29
      -69
      1,765
      1,014
      3
      -262
      1,434
      517
      150
      -1,992
      -957
      159
      3,766
      354
      -74
      -22
      17
      218
      -78
      215
      752
      10
      -40
      -11
      2,234
      2,610
      -762
      -1,160
      1,729
      283
      15
      -1,008
      -9
      213
      354
      -669
      17
      1,283
      8
      -151
      -237
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 40,577
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 -11,887
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 215,609 1,866,678 0.115504
2008 93,915 1,863,504 0.050397
2007 88,677 1,969,396 0.045028
2006 74,000 657,352 0.112573
2005 52,500 308,936 0.169938
2 Total of line 1, column (d) ...................... 2 0.493440
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.098688
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 4,005,542
5 Multiply line 4 by line 3....................... 5 395,299
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,036
7 Add lines 5 and 6......................... 7 396,335
8 Enter qualifying distributions from Part XII, line 4.............. 8 181,932
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 2,071
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 2,071
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 2,071
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 2,367
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 2,367
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 7
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 289
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet289 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
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletNM
    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.Click to see attachment
    10
    Yes
     
    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 ofbulletFRED L DOERR Telephone no.bullet (575) 613-6990
    Located atbulletPO BOX 2035EL PRADONM ZIP+4bullet87529
    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
     
     
    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
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    FRED DOERRClick to see attachment DIRECTOR
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    KERRY HEUBECKClick to see attachment PRESIDENT
    8.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    LORETTA ORTIZ Y PINOClick to see attachment DIRECTOR
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    PEGGY NELSONClick to see attachment DIRECTOR
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    BILL ROSEClick to see attachment DIRECTOR
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    JEFF SANDERSClick to see attachment DIRECTOR/VIC
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    MEHDI SHELHAMERClick to see attachment DIRECTOR
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    H'KRIH SHELHAMERClick to see attachment DIRECTOR/SEC
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    CAROL WHITEClick to see attachment DIRECTOR
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    HA WHITEClick to see attachment DIRECTOR/TRE
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    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
     
    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 N/A  
    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
    3,433,454
    b
    Average of monthly cash balances.......................
    1b
    633,086
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,066,540
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    4,066,540
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    60,998
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,005,542
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    200,277
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    200,277
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,071
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,071
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    198,206
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    198,206
    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
    198,206
    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
    181,932
    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
    181,932
    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
    181,932
    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 7 198,206
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005....... 37,348
    b From 2006....... 41,905
    c From 2007.......  
    d From 2008....... 1,737
    e From 2009....... 122,979
    fTotal of lines 3a through e......... 203,969
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 181,932
    a Applied to 2009, but not more than line 2a  
    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..... 181,932
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010. 16,274 16,274
    (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 5 187,695
    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 ...........     		 
    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) .............     		21,074
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		166,621
    10 Analysis of line 9:
    a Excess from 2006.... 41,905
    b Excess from 2007....  
    c Excess from 2008.... 1,737
    d Excess from 2009.... 122,979
    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).)
    KERRY HEUBECK
    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
    ADOPT-A-CLASSROOM
    4141 NE 2ND AVENUE 203B
    MIAMI,FL33137     		    SUPPORTING CLASSROOMS IN NEED 2,500
    AID TO SOUTHEAST ASIA
    1316 5TH ST SE
    MINNEAPLOIS,MN55414     		    UNREST FUNDS TO SUPP POSITIVE CHANGE 2,000
    AMERICAN FRIENDS SERVICE
    1501 CHERRY STREET
    PHILADELPHIA,PA19102     		    AFSC'S NEW MEXICO ECONOMIC JUSTICE 3,000
    AMERICAN REFUGEE COMMITTE
    430 OAK GROVE STREET SUI
    MINNEAPOLIS,MN55403     		    PAKISTAN FLOOD RELIEF 5,000
    ARTS WITHOUT BOUNDARIES
    2341 QUAIL COURT
    BILLINGS,MT59106     		    FREE FINE ARTS & MUSIC INSTRUCTIONS 2,000
    ASSOC OF SMALL FOUNDATION
    1720 N STREET NW
    WASHINGTON,DC20036     		    SUPP ASF'S NATIONAL CONFERENCE 500
    BAINBRIDGE ISLAND LAND TR
    221 WINSLOW WAY WEST
    BAINBRIDGE ISLAND,WA98110     		    SUPP PRESERVATION & STEWARDSHIP 1,000
    BLACK STALLION LITERACY F
    3081 ARABIAN NIGHTS BLVD
    KISSIMMEE,FL34747     		    SUPPORT FOR CHILDREN'S READING PROGR 1,000
    BRIDGES PROJECT FOR EDUCA
    PO BOX 308
    TAOS,NM87571     		    COMPREHENSIVE COLLEGE CONSELING FOCU 4,000
    BURMA HUMANITARIAN MISSIO
    2134 37TH ST NW
    WASHINGTON,DC20007     		    PROVIDING TRAUMA CARE AND LONG-TERM 1,500
    BURMA HUMANITARIAN MISSIO
    2134 37TH ST NW
    WASHINGTON,DC20007     		    PROVIDING TRAUMA CARE AND LONG-TERM 100
    CARBON FUND
    1320 FENWICK LANE SUITE
    SILVER SPRING,MD20910     		    REFORESTATION/AVOIDED DEFORESTATION 500
    COMMUNITY AGAINST VIOLENC
    PO BOX 169
    TAOS,NM87571     		    COMMUNITY OUTREACH & ABUSE PREVENTIO 1,000
    CONCRETE COUCH
    211 ILLINOIS AVE
    MANITOU SPRINGS,CO80829     		    CREATING COMMUNITY THRU CREATIVITY 1,250
    CONSERVATION TRUST FOR FL
    PO BOX 134
    MICANOPY,FL32667     		    "PROTECTING HORSE COUNTRY" PROGRAM F 3,000
    CREATIVITY FOR PEACE
    369 MONTEZUMA AVE 566
    SANTA FE,NM87501     		    PROMOTING PEACE BY NURTURING YOUNG 5,000
    EAGLE NEST SCHOOLS
    PO BOX 287
    EAGLE NEST,NM87718     		    SUPPORT FOR BARN PROJECTS 3,000
    EQUINE SPIRIT SANCTUARY
    283 CHUCHILLA ROAD
    RANCHOS DE TAOS,NM87557     		    HORSE RESCUE AND REHABILITATION PROG 3,000
    FRIENDS OF THE CASA MATER
    18907 MARTIN RD
    ROSEVILLE,MI48066     		    ASSISTANCE FOR FOLLOW-UP PROGRAM OF 1,500
    FUNDACION ED ANA RESTREPO
    505 PARK AVE 4TH FLOOR
    NEW YORK,NY10022     		    ASSIST FOR COLOMBIAN SCHOOL 1,000
    HAND IN HAND
    302 FIFTH AVENUE
    NEW YORK,NY10001     		    EARLY CHILDHOOD EDUCATION PROGRAM 5,000
    HISPANAS UNIDAS
    2507 NW 36TH STREET
    SAN ANTONIO,TX78228     		    FURTHERING THE EDUCATION, EMPOWERMEN 3,000
    HORSE PROTECTION ASSOCIAT
    20690 NW 130TH AVENUE
    MICANOPY,FL32667     		    EQUINE RESCUE, REHABILITATION, EDUCA 6,000
    HRDA INCORPORATED
    PO BOX 913
    TAOS,NM87571     		    SUPP FUNDRAISING FOR DRUG COURT PROG 250
    IMRAN KHAN FOUNDATION
    30 BARCELONA
    IRVIN,CA92614     		    RELIEF FOR PAKISTAN FLOODING VICTIMS 1,000
    INSTITUTE FOR PEACE STUDI
    1511 POLY DRIVE
    BILLINGS,MT59102     		    EDUCATION PROGRAM IN "PEACE BUILDING 6,000
    ISLANDWOOD
    4450 BLAKELY AVE NE
    BAINBRIDGE ISLAND,WA98110     		    SCHOLARSHIP FUNDING 2,000
    PTRS IN SUSTAINABLE DEV
    9005 GREENRIDGE DR
    ST LOUIS,MO63117     		    SUPPORT FOR THE KAILAKURI HEALTH CEN 4,000
    KATERI EDUCATION FUND
    PO BOX 906
    PACIFICA,CA94044     		    KATERI EDUCATION FUND HELPS GUATEMAL 2,500
    KINDRED SPIRITS SANCTUARY
    12600 N US HWY 27
    OCALA,FL34482     		    CARE & REHAB FOR ABANDONED FARM ANIM 2,000
    SIMPLE AVENTURES INTERIEU
    MAISON DES ASSOC BOITE 16
    PARIS   75001
    FR     		    EDUCATIONAL AND COMMUNITY DEVELOPMEN 1,000
    LOCALOGY
    HC 81 BOX 10
    QUESTA,NM87556     		    SANGRE DE CRISTO YOUTH RANCH CAMP 500
    MEN ENGAGED IN NON-VIOLEN
    PO 2238
    TAOS,NM87571     		    MENTORSHIP PROGRAM IN TAOS COUNTY 1,000
    MENNONITE CENTRAL COMMITT
    PO BOX 500
    AKRON,PA17501     		    DISASTER RELIEF IN INDONESIA 4,000
    MENNONITE CENTRAL COMMITT
    PO BOX 500
    AKRON,PA17501     		    SCHOOL SUPPLIES FOR CHILDREN IN LAOS 1,000
    NATIONAL COLLEGE OF MIDWI
    209 STATE ROAD 240
    TAOS,NM87571     		    INCREASING STATE NETWORKING & ADVOCA 4,000
    HARWOOD MUSEUM OF ART
    238 LEDOUX STREET
    TAOS,NM87571     		    NEIGHBORHOOD ART PROJECT 1,000
    NEW MEXICO SOLAR ENERGY A
    1009 BRADBURY SE 35
    ALBUQUERQUE,NM87106     		    UPGRADES FOR SUNCHASER EDUCATION PRO 3,000
    NGUYEN NGA CENTER
    91 DONG DA STREET
    QUY NHON CITY,BINH DINH  
    VM     		    EDUCATION AND TRAINING FOR MENTALLY 2,500
    NORTH KITSAP FISHLINE
    18916 3RD AVE NE
    POULSBO,WA98370     		    FOOD FOR THOUGHT-FEEDING PROGRAM 1,000
    NORTHERN NEW MEXICO BIRTH
    1331 MAESTAS ROAD
    TAOS,NM87571     		    FINANCIAL ASSISTANCE TO CLIENTS IN N 4,000
    FOUR CORNERS ANIMAL LEAGU
    PO BOX 48
    QUESTA,NM87556     		    SUPP NORTHERN NM FRIENDS OF ANIMALS 1,000
    NORTHERN PLAINS RESOURCE
    220 SOUTH 27TH STREET SU
    BILLINGS,MT59101     		    SUPP FOR COMMUNITY EDUCA & ADVOCACY 3,000
    TAOS DAY SCHOOL
    PO BOX 1850
    TAOS,NM87571     		    HERITAGE PROJECT: TIWA CULTURE AND L 1,000
    PARTNERS IN HEALTH
    888 COMMONWEALTH AVE 3RD
    BOSTON,MA02215     		    RELIEF & REBUILDING IN HAITI 5,000
    PETS FOR VETS INC
    12626 LLOYDMINSTER DRIVE
    NORTH POTOMAC,MD20878     		    ENHANCING LIVES OF AMERICA'S VETS 1,000
    PROSTHETICS OUTREACH FOUN
    400 EAST PINE STREET SUI
    SEATTLE,WA98122     		    RESTORING MOBILITY TO THE DISABLED 4,000
    RABBIS FOR HUMAN RIGHTS
    333 SEVENTH AVENUE 13TH
    NEW YORK,NY10001     		    SUPPORT FOR HUMAN RIGHTS, JUSTICE, A 5,000
    RIVERS AND BIRDS
    PO BOX 819
    ARROYO SECO,NM87514     		    NINE DAY WATERSHED LEARNING PROJECT 4,000
    SAN ANTONIO FOOD BANK
    5200 OLD HIGHWAY 90 WEST
    SAN ANTONIO,TX78227     		    SUPPORT OF KIDS CAF'E PROGRAM 3,000
    SCHOOLS FOR SALONE
    PO BOX 25314
    SEATTLE,WA98165     		    REBUILDING SCHOOLS IN SIERRA LEONE 1,000
    SEEDS OF HELP FOUNDATION
    4253 E WINDSOR LANE
    COLUMBUS,IN47201     		    GUATEMALAN EDUCATION PROGRAMS 2,000
    SHARED TABLE
    PO BOX 2047
    RANCHOS DE TAOS,NM87557     		    FEEDING THE HUNGRY IN TAOS COUNTY 3,000
    SNAP - SPAY NEUTER ASSIST
    PO BOX 70286
    HOUSTON,TX77270     		    PREVENTING THE EVENTUAL SUFFERING AN 1,000
    SPIRIT WIND HORSE RESCUE
    PO BOX 27
    HOTCHKISS,CO81419     		    HORSE RESCUE, REHABILITATION AND ADO 1,000
    STEPHEN SHAMES FOUNDATION
    202 SAINT MARKS AVENUE 4
    BROOKLYN,NY11238     		    SCHOLARSHIP ASSISTANCE FOR UGANDAN S 2,000
    STIRRUPS 'N STRIDES
    4246 WEST HIGHWAY 318
    CITRA,FL32113     		    THERAPEUTIC RIDING CENTER FOR PHYSIC 4,000
    SUSTAINABLE BEREA
    PO BOX 1302
    BEREA,KY40403     		    RESILIENT HOUSEHOLD PROJECTS 1,000
    TAOS COALITION TO END HOM
    PO BOX 1516
    TAOS,NM87571     		    CREATION OF SHELTER FOR HOMELESS MEN 1,000
    TAOS HEALTH SYSTEMS INC
    1397 WEIMER ROAD
    TAOS,NM87571     		    HOLY CROSS HOSP. SANE PROGRAM 750
    THE DREAM TREE PROJECT
    PO BOX 1677
    TAOS,NM87571     		    HOMELESS, ABUSED YOUTH ORGANIZATION 1,000
    THE SOLDIERS PROJECT
    PO BOX 1751
    STUDIO CITY,CA91614     		    PSYCHOLOGICAL TREATMENT FOR MILITARY 1,000
    THE WILDLIFE CENTER
    PO BOX 246
    ESPANOLA,NM87532     		    CONSERVATION AND RESTORATION OF NATI 1,000
    THOROUGHBRED RETIREMENT F
    PO BOX 3387
    SARATOGA SPRINGS,NY12866     		    SAVING FORMER RACING THOROUGHBRED HO 1,000
    TIERRA LUCERO
    PO BOX 584
    SAN LUIS,CO81152     		    INSTALL SOLAR HEATING SYSTEM 2,000
    VIETNAM VETERANS MEMORIAL
    2600 VIRGINIA AVE NW 104
    WASHINGTON,DC20037     		    PROJECT RENEW 5,000
    WESTERN LANDS PROJECT
    PO BOX 95545
    SEATTLE,WA98145     		    RESEARCH, OUTREACH AND ADVOCACY TO K 5,000
    WINDHORSE SANCTUARY
    18400 NW 150TH AVENUE
    WILLISTON,FL32696     		    HORSE, DOG, AND CAT SANCTUARY 4,000
    YOUTH HEARTLINE
    PO BOX 1664
    TAOS,NM87571     		    COUNSELING AND LEGAL SERVICES TO ABU 2,000
    Total .................................bullet 3a 162,350
    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 6,676  
    4 Dividends and interest from securities....     14 85,180  
    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     18 40,577  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   132,433  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13132,433
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2010
    Name of organization
    QUAIL ROOST FOUNDATION
     
    Employer identification number

    76-0754268
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part I
    Name of organization
    QUAIL ROOST FOUNDATION
          		Employer identification number

    76-0754268
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    KERRY HEUBECK    
    PO BOX 2035
       
    EL PRADO, NM   87529

    		$1,205,526




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

         
     
       

    		$  




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

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part II
    Name of organization
    QUAIL ROOST FOUNDATION
          		Employer identification number

    76-0754268
    Part II
    Noncash Property (see Instructions)
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
    Page 1 of 1 of Part III
    Name of organization
    QUAIL ROOST FOUNDATION
          		Employer identification number

    76-0754268
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 CompensationExplanation
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Person Name Explanation
    FRED DOERR  
    KERRY HEUBECK  
    LORETTA ORTIZ Y PINO  
    PEGGY NELSON  
    BILL ROSE  
    JEFF SANDERS  
    MEHDI SHELHAMER  
    H'KRIH SHELHAMER  
    CAROL WHITE  
    HA WHITE  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MFB NORTHERN SHORT INTERMEDIATE US G 39,898 40,229
    GOLDMAN SACHS GROUP INC 49,470 50,054
    WAL-MART STORES INC 49,488 52,538
    MFB NORTHERN FUNDS FIXED INCOME FD 101,679 102,891
    MFB NORTHERN HIGH YIELD FIXED INCOME 83,009 84,005
    MFC SPDR GOLD TR GOLD SHS    
    MFO CREDIT SUISSE COMMODITY-RETURN P    
    MFO PIMCO FDS INVT MGMT SER COMM    
    MFC ISHARES TR BARCLAYS TIPS BD FD 39,906 40,858
    ACCESS CAPITAL COMMUNITY INVESTMENT 65,000 64,075
    CRA QUALIFIED INVESTMENT FUND 65,000 64,699
    CALVERT SOCIAL 2.5% 13 NOTES DUE 13,000 13,000
    CALVERT SOCIAL INVT 3% 15 NOTES DUE 13,000 13,000

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD 6,659 7,970
    ACE LIMITED 9,872 12,450
    ACE LIMITED 4,887 6,225
    ACE LIMITED    
    AFFILIATED MANAGERS GRP 2,284 3,969
    ALLERGAN INC 1,533 2,678
    ALTERA CORP    
    AMERICA MOVIL SAB DE CV 19,266 22,936
    AMERICAN BOND FUND OF AMERICA CL A 162,629 173,720
    AMERICAN CAP WORLD BD FD SBI 155,331 156,744
    AMERICAN FINL GRP HLDGS 847 1,711
    AMERICAN HIGH INCOME TR SBI 104 113
    AMERICAN TOWER CORP CL A    
    AMERICAN TOWER CORP CL A    
    AMERISOURCEBERGEN CORP 924 2,047
    APACHE CORP    
    APACHE CORP    
    ARCH CAPITAL GRP LTD    
    AVON PROD INC    
    BJS WHOLESALE CLUB INC 926 1,437
    BROADCOM CORP CALIF CL A    
    CABLEVISION NY GRP CL A    
    CARDINAL HEALTH INC OHIO 25,789 30,648
    CELGENE CORP 2,676 2,661
    CENTURYTEL INC    
    CHESAPEAKE ENERGY OKLA    
    CHEVRON CORP    
    CHEVRON CORP    
    CHILDRENS PL RETL STRS    
    CHINA PETE CHEM SPN ADR 4,749 5,741
    CISCO SYSTEMS INC COM    
    CISCO SYSTEMS INC COM    
    CISCO SYSTEMS INC COM    
    COLGATE PALMOLIVE    
    COLGATE PALMOLIVE    
    COMMUNITY HEALTH SYS NEW    
    COSTCO WHOLESALE CRP DEL 21,902 28,884
    COVIDIEN PLC SHS 26,445 31,962
    COVIDIEN PLC SHS 2,692 2,740
    CRACKER BAREL OLD COUNTRY STORE 863 1,369
    CVS CAREMARK CORP    
    DANAHER CORP 2,075 3,585
    DANAHER CORP    
    DARDEN RESTAURANTS    
    DEAN FOODS CO NEW    
    DEVON ENERGY CORP NEW    
    DEVRY INC DEL    
    DEVRY INC DEL    
    DIGITAL RLTY TR INC 17,351 15,462
    DISCOVERY COMMUNICATN INC SERIES A    
    DST SYSTEMS INC 1,372 1,818
    ENDO PHARMACEUTLCLS HLDGS    
    FOREST LABS INC    
    GAP INC DELAWARE    
    GARMIN LTD (KAYMAN IS)    
    GENERAL MILLS    
    GILEAD SCIENCES INC COM    
    GILEAD SCIENCES INC COM    
    GILEAD SCIENCES INC COM    
    GOLDMAN SACHS GROUP INC    
    GOODRICH CORPORATION 1,255 3,611
    GOOGLE INC CL A 1,319 2,376
    GSI COMMERCE INC    
    HEALTH MGMT ASSOCS 670 1,240
    HERBALIFE LTD 332 1,778
    HERBALIFE LTD    
    HEWLETT PACKARD CO DEL    
    HOME PROPERTIES INC    
    HONEYWELL INTL INC DEL 19,526 26,580
    HONEYWELL INTL INC DEL 1,610 2,817
    HONEYWELL INTL INC DEL    
    INTEL CORP    
    INTEL CORP    
    INTL BUSINESS MACHINES CORP IBM    
    INTL BUSINESS MACHINES CORP IBM    
    INTUIT INC 1,719 3,007
    ISHARES FTSE XINHUA HK CHINA 25 INDE    
    ISHARES MSCI BRIC INDEX    
    ISHARES MSCI EMERGING MKTS INDEX FUN    
    ISHARES MSCI HONG KONG INDEX FUND    
    ISHARES MSCI SINGAPORE INDEX FUND    
    ISHARES MZCI TURKEY INDE FD    
    ISHARES TR MSCI EAFE GROWTH INDEX FU    
    ISHARES TR MSCI EAFE VALUE INDEX FUN    
    JACK IN THE BOX INC    
    JC PENNEY CO    
    JOHNSON AND JOHNSON COM    
    JOHNSON AND JOHNSON COM    
    JOHNSON AND JOHNSON COM    
    JPMORGAN CHASE & CO    
    JPMORGAN CHASE & CO    
    LAZARD LTD CL A    
    MARATHON OIL CORP 20,210 22,218
    MCAFEE INC    
    MCKESSON CORPORATION COM    
    MCKESSON CORPORATION COM    
    MCKESSON CORPORATION COM    
    MFB NORTHER GLOBAL SUSTAINABILITY IN 113,745 122,813
    MFB NORTHERN EMERGING MARKETS EQUITY 122,168 158,870
    MFB NORTHERN FDS GLOBAL REAL ESTATE 45,862 29,283
    MFB NORTHERN FDS GROWTH EQUITY FD    
    MFB NORTHERN FDS LARGE CAP 88,216 66,989
    MFB NORTHERN FDS MULTI-MANAGER GLOBA 13,530 14,372
    MFB NORTHERN FDS SMALL CAP 35,817 42,958
    MFB NORTHERN FUNDS STK INDEX FD 206,019 242,456
    MFB NORTHERN INTL EQUITY INDEX FD 143,810 120,776
    MFB NORTHERN MID CAP INDEX FD 40,981 43,480
    MICROSOFT CORP 33,459 36,283
    MICROSOFT CORP    
    MONSANT CO NEW DEL COM 1,630 1,393
    MONSANT CO NEW DEL COM    
    MONSANT CO NEW DEL COM    
    MYLAN INC 1,388 2,092
    NBTY INC    
    NIKE INC CL B    
    ORACLE CORP    
    ORACLE CORP    
    ORACLE CORP    
    ORACLE CORP    
    PACKAGING CORP AMERICA 1,943 2,351
    PACTIV CORPORATION    
    PEPSICO INC 19,506 19,599
    PEPSICO INC    
    PEPSICO INC    
    PETROLEO BRAS SA ADR    
    PETSMART INC 1,526 2,987
    PETSMART INC 1,001 1,911
    PHARMERICA CORP 884 641
    PLATINUM UNDRWRITRS HLDG    
    POWERSHARES FTSE RAFE EMRGIN    
    POWERSHARES FTSE RAFI DEVELOPMENT    
    POWERSHARES INDIA ETF TR    
    POWERSHARES MENA FRONTR    
    PRICE T ROWE GROUP INC 18,026 25,816
    PRINCIPAL FINANCIAL GROUP 1,406 1,954
    QUEST DIAGNOSTICS INC    
    QUEST DIAGNOSTICS INC    
    QUEST DIAGNOSTICS INC    
    QWEST COMM INTL INC    
    ROCKWELL AUTOMATION INC 1,407 1,793
    ROCKWELL AUTOMATION INC    
    ROYAL DUTCH SHEL PLC SPONS ADR B    
    ROYAL DUTCH SHEL PLC SPONS ADR B    
    SALESFORCE COM INC 397 1,980
    SCHLUMBERGER LTD 18,007 25,050
    SILGAN HLDGS INC 885 1,289
    SILGAN HLDGS INC    
    SPDR S P WORLD EX US    
    SPIRIT AEROSYSTEMS HLDGS INC 1,260 1,873
    STATE STREET CORP    
    STATE STREET CORP    
    SYBASE INC    
    SYNNEX CORP 1,274 1,404
    TENARIS S A ADR 4,964 5,388
    TEVA PHARMACTCL INDS ASR 6,659 5,995
    TORCHMARK CORP    
    TORCHMARK CORP    
    UNITED TECHS CORP COM 19,889 23,616
    UNITED TECHS CORP COM    
    URBAN OUTFITTERS INC 2,018 2,328
    URS CORP NEW    
    US BANCORP NEW    
    US BANCORP NEW    
    VIRGIN MEDIA INC    
    WALMART STORES INC    
    WALMART STORES INC    
    WHITING PETROLEUM CORP 507 1,758
    WINDSTREAM CORP 2,250 2,788
    WISCONSIN ENERGY CORP 8,793 11,772
    WISCONSIN ENERGY CORP    
    WISCONSIN ENERGY CORP    
    XILINX INC    
    XILINX INC    
    XILINX INC    
    YUM BRANDS INC    
    YUM BRANDS INC    
    AFLAC INC 13,575 16,929
    AMER EXPRESS COMPANY 7,933 8,584
    AMERICAN WTR WKS CO INC 13,223 15,174
    ARCHER DANIELS MIDLD 26,044 24,064
    AUTOMATIC DATA PROC 13,623 13,884
    BAKER HUGHES INC 19,635 22,868
    CARNIVAL CORP PAIRED SHS 15,499 18,444
    CATERPILLAR INC DEL 26,981 37,464
    ENBRIDGE INC 9,930 11,280
    GENUINE PARTS CO 17,064 20,536
    CORP IBM 25,737 29,352
    MCDONALDS CORP 21,841 23,028
    NOVARTIS ADR 20,083 23,580
    PRAXAIR INC 8,694 9,547
    SAP AG SHS 17,595 20,244
    TARGET CORP 10,882 12,026
    UNITED PARCEL SVS 25,656 29,032
    WALGREEN CO 25,180 35,064
    BAIDU INC SPON ADR 4,453 9,653
    BANCO BRADESCO S A ADR 6,139 7,487
    BANCO SANTANDER SA ADR 6,646 4,952
    BARRICK GOLD CORPORATION 4,857 7,179
    BCE INC 5,799 6,737
    CANADIAN PACIFIC RAILWAY 4,041 4,537
    CHINA MOBILE LTD SPN ADR 4,161 4,218
    COMPANHIA ENERG DE ADR 5,433 5,475
    COPA HOLDINGS S A CL A 5,584 6,472
    ENBRIDGE INC COM 4,050 5,076
    FOMENTO ECNMCO MEX SPADR 4,919 6,431
    GRUPO TELEVISA SA ADR 3,321 4,278
    HSBC HLDG PLC ADR 6,475 6,890
    ICICI BANK LTD SPD ADR 4,970 6,836
    INFOSYS TECH LTD ADR 3,004 4,565
    MAGNA INTL INC CL A VTG 4,736 8,840
    NATIONAL GRID PLC SP ADR 3,025 2,885
    NOVARTIS ADR 4,112 4,421
    POTASH CORP SASKATCHEWAN 5,952 8,516
    PRUDENTIAL PLC ADR 6,634 7,092
    RESEARCH IN MOTION LTD 4,056 3,488
    ROYAL DUTCH SHELL PLC 4,257 5,009
    SONY CORP ADR NEW 5,741 5,892
    SYNCENTA AG ADR 3,166 3,527
    TORONTO DOMINION BANK 6,537 8,174
    VALE SA 5,842 7,433
    ABB LTD 1,584 2,492
    ADOBE SYS DEL 2,768 2,616
    AMERICA MOVIL SAB DE CV 1,040 1,892
    BORG WARNER INC COM 2,068 3,256
    CHINA PETE CHEM SPN ADR 1,284 1,435
    CORNING INC 2,019 2,125
    COSTCO WHOLESALE CRP DEL 1,963 2,455
    DIGITAL RLTY TR INC 2,031 2,062
    DISCOVERY COMMUNICATION 1,008 3,795
    FIRST SOLAR INC 2,558 2,603
    JACOBS ENGN GRP INC DELA 2,790 2,980
    NATIONAL OILWELL VARCO 1,842 3,699
    PATTERSON COS INC 2,835 2,910
    QUALCOMM INC 3,064 3,217
    SOUTHWESTERN ENERGY CO 1,349 1,123
    TYCO ELECTRONICS LTD 2,005 2,832
    WALGREEN CO 2,043 2,143
    ALLIANCE DATA SYS CORP 1,347 1,421
    AMERICAN AXLE & MFG HL DGS 1,596 1,993
    ANCESTRY COM INC 1,642 1,841
    CALAMOS ASSET MGMT INC 1,593 1,610
    CELANESE CORP DEL SER A 2,071 2,470
    CMS ENERGY CORP 1,889 2,418
    CONAGRA FOODS INC 1,990 1,806
    DISCOVER FINL SVCS 2,226 3,243
    DR. PEPPER SNAPPLE GROUP INC 2,152 2,110
    FAMILY DOLLAR STORES 1,758 1,740
    FINISH LINE INC CL A 1,168 1,375
    FIRST SOLAR INC 1,376 1,301
    JETBLUE AIRWAYS CORP DEL 1,655 1,686
    MACERICH CO 1,515 1,895
    NOVELLUS SYS INC 2,253 2,909
    PIONEER NATURAL RES CO 2,698 3,473
    ROYAL CARIBBEAN CRUISES 2,197 3,760
    SANDISK CORP INC 3,009 3,740
    SIRONA DENTAL SYSTEMS 2,302 2,925
    SL GREEN REALTY CORP 1,537 1,688
    TIMKEN COMPANY 2,177 2,387
    TRW AUTOMOTIVE HLDGS CRP 2,066 2,899
    MFB NORTHERN LARGE CAP EQUITY FUND 78,749 69,308
    MFC SPDR GOLD TR GOLD SHS 42,563 54,101
    MFO PIMCO FDS PAC INVT MGMT SERV 38,804 47,604
    CALVERT SOCIAL INVT BOND FUND 64,985 65,677
    DOMINI SOCIAL BOND FUND INVESTOR CL 65,000 64,547
    PAX WORLD HIGH YIELD FUND INDIVIDUAL 65,000 65,000
    TEMPLETON GLOBAL BOND FUND CL A 78,000 81,165
    RIDGEWORTH US GOVT SEC ULTRA 39,000 38,961
    SIT US GOV'T SECS 52,000 52,938
    FLEX PARTNERS TOTAL RETURN UTILITIES 39,000 44,337
    FORWARD PROGRESSIVE REAL ESTATE FUND 39,000 48,087
    CALVERT INTERNATIONAL OPPORTUNITY 52,000 58,662
    PORTFOLIO 21 CL I 104,000 114,591
    NEUBERGER BERMAN SOCIALLY 91,000 107,294
    PARNASSUS EQUITY INCOME FUND INST 130,000 138,965
    WALDEN SOCIAL EQTY FD 52,000 59,057
    APPLESEED FD 39,000 39,870
    PARNASSUS MID CAP FUND 38,983 42,696
    PAX WORLD GROWTH FUND 26,000 31,063
    PARNASSUS SMALL CAP 77,981 96,943

    TY 2010 OtherExpensesSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DUES/SUBS 495     495
    INSURANCE 675     675
    MISC. EXPENSE 12     12
    ML INVESTMENT MANAGEMENT FEES 13,934 13,934    
    NICS INVESTMENT MGMT. FEES 8,903 8,903    
    NORTHERN TRUST INVESTMENT MAN 2,826 2,826    
    POSTAGE 237     237
    MEETINGS 2,277     2,277
    CONFERENCES 4,215     4,215


    TY 2010 OtherLiabilitiesSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Description Beginning of Year - Book Value End of Year - Book Value
    CALL - 6 SHRS TENARIS EXP 03/20/10 1,530  
    CALL - 2 SHRS JOHNSN & J EX 01/16/10 230  
    CALL - 3 SHRS STATE ST EX 01/16/10 285  
    CALL-2 SHR INT BUS MACH EXP 1/22/11   262
    CALL-4 SHR PRICE T ROWE EXP 4/16/11   553
    CALL-4 SHR SAP AG SHS EXP 1/22/11   460
    CALL-2 SHR WISCON ENERGY EXP 1/22/11   234
    CALL-2 SHR ENBRIDGE INC EXP 1/22/11   210
    CALL-8 SHR CARDINAL HLTH EXP 3/19/11   520
    CALL-1 SHR PRAXAIR INC EXP 1/22/11   105
    CALL-4 SHR NOVARTIS EXP 1/22/11   520
    CALL-2 SHR AMER EXPRESS EXP 4/16/11   162
    CALL-4 SHR COSTCO WHSALE EXP 1/22/11   741
    CALL-4 SHR CARNIVAL CORP EXP 4/16/11   500
    PAYROLL TAXES PAYABLE   931


    TY 2010 SubstantialContributorsSch
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Name Address
    KERRY HEUBECK PO BOX 2035
    EL PRADO,NM87529


    TY 2010 TaxesSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 782 485    
    LICENSES 10     10