TY 2010 Form 990PF

- TIN:

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

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

Amended returnAddress changeName change

Name of foundation
OAKWOOD CHRISTIAN LEADERSHIP ACADEM

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 255 Room/suite

City or town, state, and ZIP code
NORTH WEBSTER, IN46555

A Employer identification number

35-2049624

B Telephone number (see page 10 of the instructions)

(574) 457-5716

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$37,887J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	9,476
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	143,578		143,578	143,578
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		315,496
b	Gross sales price for all assets on line 6a 18,509,630
7	Capital gain net income (from Part IV, line 2)...			315,496
8	Net short-term capital gain.........				270,338
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).......		25,888		25,888
12	Total. Add lines 1 through 11........	494,438		459,074	439,804
13	Compensation of officers, directors, trustees, etc.	75,775				75,775
14	Other employee salaries and wages......	74,094			1,420	72,674
15	Pension plans, employee benefits.......	14,555				14,555
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		17,979		899	17,080
c	Other professional fees (attach schedule)....		49,210	49,210
17	Interest...............	250				250
18	Taxes (attach schedule) (see page 14 of the instructions)		10,258
19	Depreciation (attach schedule) and depletion...		3,631
20	Occupancy..............	7,401			370	7,031
21	Travel, conferences, and meetings.......	7,361			368	6,993
22	Printing and publications..........
23	Other expenses (attach schedule).......		59,419			59,419
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	319,933		49,210	3,057	253,777
25	Contributions, gifts, grants paid........	0				0
26	Total expenses and disbursements. Add lines 24 and 25	319,933		49,210	3,057	253,777
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	174,505
b	Net investment income (if negative, enter -0-)			409,864
c	Adjusted net income (if negative, enter -0-)...				436,747

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.

Cat. No. 11289X Form 990-PF (2010)

Form 990-PF (2010)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	50,640	50,133
	2	Savings and temporary cash investments..........	23,493	99,849
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........	31,747	17,617
	10a	Investments—U.S. and state government obligations (attach schedule)	337,225	226,623
	b	Investments—corporate stock (attach schedule)........	4,559,182	5,040,212
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis 37,887
		Less: accumulated depreciation (attach schedule) 26,194	14,323	11,693	37,887
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,016,610	5,446,127	37,887
	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 )	444	1,458
	23	Total liabilities (add lines 17 through 22)..........	444	1,458
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	5,016,166	5,444,669
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	5,016,166	5,444,669
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	5,016,610	5,446,127

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	5,016,166
2	Enter amount from Part I, line 27a......................	2	174,505
3	Other increases not included in line 2 (itemize)	3	253,998
4	Add lines 1, 2, and 3..........................	4	5,444,669
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30..	6	5,444,669

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	GUGGENHEIM MULTI-ASSET INCOME INDEX	P	2009-12-28	2010-01-04
b	NORTHERN TRUST CORPORATION	P	2009-11-16	2010-01-14
c	MARKET VECTORS INDONESIA ETF	P	2009-12-11	2010-01-26
d	THAI FUND INC.	P	2008-07-30	2010-02-01
e	GOLDMAN SACHS GROUP, INC.	P	2010-02-02	2010-02-05
	ISHARES IBOXX INVESTMENT GRADE CORP	P	2009-10-09	2010-02-24
	ABBOTT LABORATORIES	P	2009-10-20	2010-03-10
	PFIZER INC.	P	2009-04-17	2010-03-17
	PROSHARES SHORT S&P 500	P	2010-03-31	2010-04-07
	DIAMONDS TRUST SERIES I	P	2010-04-12	2010-04-22
	STURM, RUGER & CO. INC.	P	2009-12-16	2010-05-04
	SYMANTEC CORPORATION	P	2009-11-03	2010-05-07
	SYMANTEC CORPORATION	P	2009-11-02	2010-05-11
	POWERSHARES DB AGRICULTURE	P	2010-05-17	2010-05-20
	DIAMONDS TRUST SERIES I	P	2010-05-19	2010-05-28
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-05-05	2010-06-21
	ISHARES DOW JONES SELECT DIVIDEND IN	P	2010-07-02	2010-07-12
	JOHNSON & JOHNSON	P	2009-01-13	2010-07-29
	CENTRAL GOLD TRUST	P	2010-07-01	2010-07-30
	GENERAL ELECTRIC	P	2010-01-15	2010-08-16
	U. S. TREASURY NOTE	P	2010-08-12	2010-08-19
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-08-27	2010-09-21
	DUKE ENERGY CORPORATION	P	2010-08-16	2010-10-18
	PROSHARES SHORT S&P 500	P	2010-11-04	2010-11-09
	U. S. TREASURY NOTE	P	2010-11-22	2010-12-02
	CENTRAL FUND OF CANADA LTD.	P	2010-06-25	2010-12-21
	ISHARES BARCLAYS 7-10 YEAR T-BOND FU	P	2009-11-05	2010-01-04
	NORTHERN TRUST CORPORATION	P	2009-12-14	2010-01-14
	INTEL CORP.	P	2008-11-19	2010-01-26
	APPLIED MATERIALS INC.	P	2009-09-16	2010-02-02
	JOY GLOBAL, INC.	P	2010-02-02	2010-02-05
	WAL-MART STORES INC.	P	2010-02-08	2010-02-24
	MITSUBISHI UFJ FINANCIAL GROUP, INC.	P	2010-01-20	2010-03-10
	MARKET VECTORS GOLD MINERS	P	2010-02-16	2010-03-18
	MONSANTO CO.	P	2010-03-10	2010-04-07
	DRYSHIPS, INC.	P	2010-04-14	2010-04-22
	B.P. AMOCO PLC A.D.S.	P	2009-02-09	2010-05-05
	JAPAN SMALLER CAPITALIZATION FUND IN	P	2009-06-17	2010-05-10
	FINANCIAL SELECT SECTOR SPDR FUND	P	2010-03-26	2010-05-13
	POTASH CORP. OF SASKATCHEWAN, INC.	P	2010-05-18	2010-05-20
	DIAMONDS TRUST SERIES I	P	2010-05-20	2010-05-28
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-05-07	2010-06-21
	STARBUCKS CORP.	P	2010-03-16	2010-07-12
	JOHNSON & JOHNSON	P	2009-04-28	2010-07-29
	U. S. TREASURY NOTE	P	2009-08-07	2010-07-30
	GENERAL ELECTRIC	P	2010-01-13	2010-08-16
	PROSHARES SHORT S&P 500	P	2010-08-16	2010-08-23
	RESEARCH IN MOTION LTD.	P	2010-09-17	2010-09-23
	CLIFFS NATURAL RESOURCES INC.	P	2010-09-23	2010-10-20
	KRAFT FOODS INC.	P	2010-08-19	2010-11-10
	ABBOTT LABORATORIES	P	2009-08-07	2010-12-09
	GENUINE PARTS CO.	P	2010-03-01	2010-12-21
	KRAFT FOODS INC.	P	2009-11-12	2010-01-05
	NORTHERN HIGH YIELD FIXED INCOME FUN	P	2009-12-21	2010-01-14
	INTEL CORP.	P	2002-01-01	2010-01-26
	ARCHER-DANIELS-MIDLAND CO.	P	2009-09-16	2010-02-04
	MERCK & CO. INC.	P	2009-07-09	2010-02-09
	WAL-MART STORES INC.	P	2009-11-16	2010-02-24
	CLOROX CORPORATION	P	2010-01-29	2010-03-10
	ABBOTT LABORATORIES	P	2009-08-07	2010-03-18
	MONSANTO CO.	P	2010-03-22	2010-04-07
	DRYSHIPS, INC.	P	2010-04-12	2010-04-22
	B.P. AMOCO PLC A.D.S.	P	2009-04-29	2010-05-05
	JAPAN SMALLER CAPITALIZATION FUND IN	P	2009-06-02	2010-05-10
	FINANCIAL SELECT SECTOR SPDR FUND	P	2010-03-24	2010-05-13
	POTASH CORP. OF SASKATCHEWAN, INC.	P	2010-05-17	2010-05-20
	DIAMONDS TRUST SERIES I	P	2010-05-20	2010-06-01
	U. S. TREASURY NOTE	P	2010-02-25	2010-06-18
	STARBUCKS CORP.	P	2010-03-30	2010-07-12
	SYMANTEC CORPORATION	P	2010-05-25	2010-07-29
	DIAMONDS TRUST SERIES I	P	2010-07-23	2010-08-05
	GENERAL ELECTRIC	P	2010-03-08	2010-08-16
	U. S. TREASURY NOTE	P	2010-08-12	2010-08-20
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-08-27	2010-09-23
	DRYSHIPS, INC.	P	2010-10-07	2010-10-20
	CENTRAL FUND OF CANADA LTD.	P	2010-06-23	2010-11-12
	BRISTOL-MYERS SQUIBB COMPANY	P	2010-06-16	2010-12-10
	GENUINE PARTS CO.	P	2009-11-13	2010-12-21
	A T & T	P	2009-12-10	2010-01-05
	NORTHERN HIGH YIELD FIXED INCOME FUN	P	2009-10-26	2010-01-14
	FINANCIAL SELECT SECTOR SPDR FUND	P	2010-01-12	2010-01-26
	ARCHER-DANIELS-MIDLAND CO.	P	2009-09-02	2010-02-04
	NOMURA HOLDINGS INC.	P	2010-01-20	2010-02-09
	WAL-MART STORES INC.	P	2009-04-16	2010-02-24
	CLOROX CORPORATION	P	2009-08-13	2010-03-10
	MARKET VECTORS GOLD MINERS	P	2010-02-16	2010-03-22
	MONSANTO CO.	P	2010-03-16	2010-04-07
	MERCK & CO. INC.	P	2009-07-09	2010-04-26
	E.I. DUPONT DE NEMOURS & CO.	P	2010-03-08	2010-05-05
	FINANCIAL SELECT SECTOR SPDR FUND	P	2010-03-26	2010-05-10
	FINANCIAL SELECT SECTOR SPDR FUND	P	2010-03-18	2010-05-13
	TRANSOCEAN, INC.	P	2010-05-18	2010-05-21
	DIAMONDS TRUST SERIES I	P	2010-05-25	2010-06-01
	U. S. TREASURY NOTE	P	2010-02-25	2010-06-21
	STARBUCKS CORP.	P	2010-03-12	2010-07-12
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-05-07	2010-07-29
	U. S. TREASURY NOTE	P	2009-08-07	2010-08-03
	GENERAL ELECTRIC	P	2010-06-21	2010-08-16
	ISHARES S&P EUROPE 350 INDEX	P	2009-12-29	2010-08-24
	ISHARES DOW JONES SELECT DIVIDEND IN	P	2010-08-23	2010-09-24
	U. S. TREASURY NOTE	P	2009-08-07	2010-10-20
	CENTRAL FUND OF CANADA LTD.	P	2010-06-23	2010-11-15
	U. S. TREASURY NOTE	P	2010-11-22	2010-12-08
	NUCOR CORPORATION	P	2010-12-10	2010-12-21
	GUGGENHEIM MULTI-ASSET INCOME INDEX	P	2009-12-28	2010-01-11
	NORTHERN HIGH YIELD FIXED INCOME FUN	P	2009-11-24	2010-01-14
	AMGEN INC.	P	2010-01-14	2010-01-28
	DIAMONDS TRUST SERIES I	P	2010-01-27	2010-02-04
	PANASONIC CORPORATION	P	2010-01-20	2010-02-09
	DIAMONDS TRUST SERIES I	P	2010-02-17	2010-02-25
	PFIZER INC.	P	2009-06-24	2010-03-12
	DIAMONDS TRUST SERIES I	P	2010-03-09	2010-03-23
	YUM BRANDS, INC.	P	2010-03-17	2010-04-07
	SPDR S&P BIOTECH	P	2010-03-08	2010-04-26
	EMERSON ELECTRIC CO.	P	2009-11-04	2010-05-05
	E.I. DUPONT DE NEMOURS & CO.	P	2010-03-08	2010-05-11
	TEXAS INSTRUMENTS INC.	P	2010-04-16	2010-05-14
	APACHE CORP.	P	2010-05-18	2010-05-24
	ISHARES MSCI JAPAN INDEX FUND	P	2008-06-04	2010-06-10
	MCDONALD'S CORP. JUNE 65 CALLS	P	2010-05-24	2010-06-21
	E.I. DUPONT DE NEMOURS & CO.	P	2010-07-01	2010-07-13
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-05-11	2010-07-29
	MCDONALD'S CORP. AUGUST 65 CALLS	P	2010-07-20	2010-08-04
	FINANCIAL SELECT SECTOR SPDR FUND	P	2010-07-30	2010-08-16
	ISHARES S&P EUROPE 350 INDEX	P	2009-06-11	2010-08-24
	DIAMONDS TRUST SERIES I	P	2010-09-16	2010-09-27
	BOEING CO.	P	2010-09-29	2010-10-25
	COCA-COLA	P	2010-05-24	2010-11-15
	PETROLEO BRASILEIRO	P	2010-11-09	2010-12-13
	NUCOR CORPORATION	P	2010-11-15	2010-12-21
	MARKET VECTORS VIETNAM ETF	P	2009-11-12	2010-01-11
	NORTHERN HIGH YIELD FIXED INCOME FUN	P	2009-10-16	2010-01-14
	AMGEN INC.	P	2010-01-15	2010-01-28
	EXXON MOBIL CORP.	P	2010-02-01	2010-02-04
	RESEARCH IN MOTION LTD.	P	2010-02-02	2010-02-09
	FLIR SYSTEMS INC.	P	2009-12-14	2010-02-25
	PFIZER INC.	P	2009-05-15	2010-03-12
	ISHARES MSCI EMERGING MARKETS INDEX	P	2010-03-08	2010-03-26
	PROSHARES SHORT S&P 500	P	2010-03-31	2010-04-08
	NORTHERN TRUST CORPORATION	P	2010-02-24	2010-04-27
	ISHARES MSCI TAIWAN INDEX FUND	P	2006-07-27	2010-05-07
	DEVON ENERGY CORP.	P	2010-04-08	2010-05-11
	WAL-MART STORES INC.	P	2010-03-18	2010-05-14
	APACHE CORP.	P	2010-05-17	2010-05-24
	ISHARES MSCI JAPAN INDEX FUND	P	2006-07-27	2010-06-10
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-05-07	2010-06-24
	GOOGLE	P	2010-06-18	2010-07-14
	EXXON MOBIL CORP.	P	2010-04-08	2010-07-29
	STURM, RUGER & CO. INC.	P	2009-12-16	2010-08-06
	L-3 COMMUNICATIONS HOLDINGS INC.	P	2010-07-28	2010-08-17
	U. S. TREASURY NOTE	P	2010-08-12	2010-08-20
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-08-27	2010-09-27
	ISHARES DOW JONES SELECT DIVIDEND IN	P	2010-08-23	2010-10-26
	CENTRAL FUND OF CANADA LTD.	P	2010-06-23	2010-11-16
	PETROLEO BRASILEIRO	P	2010-10-29	2010-12-13
	U. S. TREASURY NOTE	P	2010-11-22	2010-12-21
	ISHARES IBOXX INVESTMENT GRADE CORP	P	2009-12-04	2010-01-12
	ALCOA, INC.	P	2009-12-14	2010-01-20
	DIAMONDS TRUST SERIES I	P	2010-01-27	2010-01-28
	E.I. DUPONT DE NEMOURS & CO.	P	2009-11-12	2010-02-04
	RESEARCH IN MOTION LTD.	P	2010-01-29	2010-02-09
	DIAMONDS TRUST SERIES I	P	2010-02-17	2010-02-26
	A T & T	P	2008-11-20	2010-03-12
	JAPAN SMALLER CAPITALIZATION FUND IN	P	2009-07-27	2010-03-26
	BCE, INC.	P	2009-08-26	2010-04-14
	NORTHERN TRUST CORPORATION	P	2010-02-17	2010-04-27
	ISHARES MSCI TAIWAN INDEX FUND	P	2009-03-17	2010-05-07
	DEVON ENERGY CORP.	P	2010-04-07	2010-05-11
	WAL-MART STORES INC.	P	2009-04-16	2010-05-14
	APACHE CORP.	P	2010-05-19	2010-05-24
	FOSTER WHEELER AG	P	2010-06-09	2010-06-10
	U. S. TREASURY NOTE	P	2010-02-25	2010-06-23
	BANK OF NOVA SCOTIA	P	2010-06-18	2010-07-15
	EXXON MOBIL CORP.	P	2010-03-16	2010-07-29
	CLIFFS NATURAL RESOURCES INC.	P	2010-07-19	2010-08-09
	L-3 COMMUNICATIONS HOLDINGS INC.	P	2010-07-23	2010-08-17
	U. S. TREASURY NOTE	P	2010-08-12	2010-08-24
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-08-30	2010-09-27
	NORTHERN TRUST CORPORATION	P	2010-10-21	2010-10-26
	CENTRAL FUND OF CANADA LTD.	P	2010-06-25	2010-11-16
	CONOCOPHILLIPS DECEMBER 60 CALLS	P	2010-11-30	2010-12-10
	U. S. TREASURY NOTE	P	2010-11-16	2010-12-21
	PFIZER INC.	P	2009-07-24	2010-01-12
	ISHARES DOW JONES SELECT DIVIDEND IN	P	2009-12-10	2010-01-21
	MICROSOFT CORP.	P	2007-10-12	2010-01-28
	E.I. DUPONT DE NEMOURS & CO.	P	2009-12-09	2010-02-04
	CEPHALON, INC.	P	2010-01-04	2010-02-10
	HOME DEPOT, INC.	P	2009-10-16	2010-03-01
	A T & T	P	2009-04-16	2010-03-12
	MARKET VECTORS GOLD MINERS	P	2010-02-16	2010-03-29
	GENERAL DYNAMICS CORP.	P	2009-11-03	2010-04-14
	STURM, RUGER & CO. INC.	P	2009-12-16	2010-04-28
	ISHARES MSCI TAIWAN INDEX FUND	P	2009-02-11	2010-05-07
	EMC CORPORATION	P	2009-07-22	2010-05-11
	WAL-MART STORES INC.	P	2009-06-08	2010-05-14
	GOOGLE	P	2010-05-18	2010-05-24
	GENERAL DYNAMICS CORP.	P	2010-06-09	2010-06-10
	SCHLUMBERGER LIMITED	P	2010-06-15	2010-06-25
	TEXAS INSTRUMENTS INC.	P	2010-06-18	2010-07-16
	EXXON MOBIL CORP.	P	2010-03-05	2010-07-29
	DIAMONDS TRUST SERIES I	P	2010-07-23	2010-08-09
	DEVON ENERGY CORP.	P	2010-07-29	2010-08-18
	POWERSHARES QQQ TRUST SERIES 1 - NAS	P	2010-08-23	2010-08-27
	DIAMONDS TRUST SERIES I	P	2010-09-16	2010-09-28
	NORTHERN TRUST CORPORATION	P	2010-07-16	2010-10-26
	CISCO SYSTEMS, INC.	P	2010-09-23	2010-11-16
	U. S. TREASURY NOTE	P	2010-11-22	2010-12-10
	ISHARES MSCI BRAZIL INDEX FUND	P	2010-12-16	2010-12-23
	PFIZER INC.	P	2009-06-24	2010-01-12
	ISHARES DOW JONES SELECT DIVIDEND IN	P	2009-12-11	2010-01-21
	MICROSOFT CORP.	P	2008-08-13	2010-01-28
	B.P. AMOCO PLC A.D.S.	P	2009-09-16	2010-02-05
	PROSHARES SHORT S&P 500	P	2010-02-04	2010-02-10
	HOME DEPOT, INC.	P	2009-10-15	2010-03-01
	A T & T	P	2009-07-28	2010-03-12
	NOBLE CORP.	P	2010-02-16	2010-03-30
	ALCOA, INC.	P	2010-04-09	2010-04-16
	ISHARES MSCI AUSTRALIA INDEX FUND	P	2010-04-19	2010-04-30
	MICROSOFT CORP.	P	2010-02-03	2010-05-07
	EMC CORPORATION	P	2009-06-24	2010-05-11
	WAL-MART STORES INC.	P	2009-10-20	2010-05-14
	GOOGLE	P	2010-05-19	2010-05-24
	GENERAL DYNAMICS CORP.	P	2009-11-03	2010-06-10
	FEDEX CORPORATION	P	2010-06-22	2010-06-30
	CANADIAN IMPERIAL BANK OF COMMERCE	P	2010-06-17	2010-07-19
	U. S. TREASURY NOTE	P	2010-07-15	2010-07-27
	FREEPORT-MCMORAN COPPER & GOLD	P	2010-07-23	2010-08-09
	DEVON ENERGY CORP.	P	2010-07-23	2010-08-18
	STANDARD & POORS DEPOSITORY RECEIPTS	P	2010-08-24	2010-08-27
	GOLDMAN SACHS GROUP, INC.	P	2010-09-24	2010-09-29
	ALCOA, INC.	P	2010-09-28	2010-10-28
	CISCO SYSTEMS, INC.	P	2009-07-24	2010-11-16
	ISHARES MSCI HONG KONG INDEX FUND	P	2009-11-13	2010-12-14
	UNITED STATES STEEL CORP.	P	2010-12-06	2010-12-23
	POWERSHARES QQQ TRUST SERIES 1 - NAS	P	2009-12-10	2010-01-12
	BAKER HUGHES INC.	P	2009-12-14	2010-01-25
	NOBLE CORP.	P	2009-12-14	2010-01-28
	B.P. AMOCO PLC A.D.S.	P	2009-08-26	2010-02-05
	PROSHARES SHORT S&P 500	P	2010-02-12	2010-02-16
	TRANSOCEAN, INC.	P	2010-02-22	2010-03-01
	DILLARD'S INC.	P	2010-03-10	2010-03-15
	ALCOA, INC.	P	2010-03-10	2010-03-30
	THAI FUND INC.	P	2010-04-06	2010-04-16
	GLAXOSMITHKLINE PLC	P	2010-04-16	2010-04-30
	PANASONIC CORPORATION	P	2010-04-12	2010-05-07
	EMC CORPORATION	P	2009-05-14	2010-05-11
	WAL-MART STORES INC.	P	2009-03-24	2010-05-14
	ANADARKO PETROLEUM CORP.	P	2010-05-19	2010-05-25
	L-3 COMMUNICATIONS HOLDINGS INC.	P	2010-06-09	2010-06-10
	GLAXOSMITHKLINE PLC	P	2010-05-24	2010-07-01
	CANADIAN IMPERIAL BANK OF COMMERCE	P	2010-07-07	2010-07-19
	U. S. TREASURY NOTE	P	2010-02-25	2010-07-27
	FOSTER WHEELER AG	P	2010-07-28	2010-08-10
	ISHARES FTSE CHINA INDEX FUND	P	2010-06-18	2010-08-18
	TEXAS INSTRUMENTS INC.	P	2010-08-23	2010-08-30
	AMERICAN ELECTRIC POWER CO., INC.	P	2010-05-10	2010-09-29
	ISHARES DOW JONES SELECT DIVIDEND IN	P	2010-08-23	2010-10-28
	CISCO SYSTEMS, INC.	P	2009-04-27	2010-11-16
	PAYCHEX, INC.	P	2010-11-09	2010-12-15
	MERCK & CO. INC.	P	2010-05-19	2010-12-28
	A T & T	P	2009-12-10	2010-01-12
	FLUOR CORPORATION	P	2009-12-15	2010-01-25
	IPATH MSCI INDIA INDEX ETN	P	2009-11-12	2010-01-29
	B.P. AMOCO PLC A.D.S.	P	2009-02-11	2010-02-05
	PROSHARES SHORT S&P 500	P	2010-02-04	2010-02-16
	RESEARCH IN MOTION LTD.	P	2010-02-17	2010-03-01
	JAPAN SMALLER CAPITALIZATION FUND IN	P	2009-09-15	2010-03-15
	ALCOA, INC.	P	2010-03-08	2010-03-30
	THAI FUND INC.	P	2008-07-30	2010-04-16
	GENERAL DYNAMICS CORP.	P	2009-11-03	2010-05-03
	INTERNATIONAL BUSINESS MACHINES CORP	P	2010-04-23	2010-05-07
	COCA-COLA	P	2010-04-08	2010-05-11
	BHP BILLITON LTD.	P	2010-05-11	2010-05-14
	FREEPORT-MCMORAN COPPER & GOLD	P	2010-05-20	2010-05-25
	GENERAL DYNAMICS NOVEMBER 70 CALLS	P	2010-04-29	2010-06-08
	MONSANTO CO.	P	2010-06-16	2010-07-01
	MCDONALD'S CORP. JULY 65 CALLS	P	2010-06-23	2010-07-19
	U. S. TREASURY NOTE	P	2010-04-29	2010-07-27
	POWERSHARES QQQ TRUST SERIES 1 - NAS	P	2010-08-05	2010-08-10
	ISHARES FTSE CHINA INDEX FUND	P	2010-06-14	2010-08-18
	MCDONALD'S CORP. SEPTEMBER 70 CALLS	P	2010-08-16	2010-08-30
	DIAMONDS TRUST SERIES I	P	2010-09-16	2010-10-01
	PROSHARES SHORT S&P 500	P	2010-10-25	2010-10-28
	ISHARES MSCI SOUTH KOREA INDEX FUND	P	2010-06-18	2010-11-22
	PAYCHEX, INC.	P	2010-09-23	2010-12-15
	UNITED STATES STEEL CORP.	P	2010-12-06	2010-12-30
	A T & T	P	2008-11-20	2010-01-12
	NEWMONT MINING CORP.	P	2010-01-05	2010-01-25
	DIAMONDS TRUST SERIES I	P	2010-01-27	2010-01-29
	B.P. AMOCO PLC A.D.S.	P	2009-02-09	2010-02-05
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-01-29	2010-02-18
	B.P. AMOCO PLC A.D.S.	P	2009-02-09	2010-03-02
	JAPAN SMALLER CAPITALIZATION FUND IN	P	2010-01-19	2010-03-15
	EL PASO CORP.	P	2010-03-16	2010-03-30
	DIAMONDS TRUST SERIES I	P	2010-04-12	2010-04-16
	APPLIED MATERIALS INC.	P	2010-03-26	2010-05-03
	INTERNATIONAL BUSINESS MACHINES CORP	P	2010-02-18	2010-05-07
	PROSHARES SHORT S&P 500	P	2010-05-07	2010-05-11
	BHP BILLITON LTD. MAY 65 CALLS	P	2010-05-08	2010-05-12
	DIAMONDS TRUST SERIES I	P	2010-05-19	2010-05-26
	BHP BILLITON LTD.	P	2010-06-09	2010-06-10
	FLUOR CORPORATION	P	2010-06-18	2010-07-06
	PROSHARES SHORT S&P 500	P	2010-07-12	2010-07-23
	KRAFT FOODS INC.	P	2010-03-02	2010-07-29
	ALCOA, INC.	P	2010-08-05	2010-08-12
	GENERAL DYNAMICS CORP.	P	2010-07-29	2010-08-18
	MCDONALD'S CORP	P	2010-09-02	2010-09-02
	RESEARCH IN MOTION LTD.	P	2010-09-27	2010-10-01
	PROSHARES SHORT S&P 500	P	2010-10-26	2010-11-02
	ISHARES DOW JONES SELECT DIVIDEND IN	P	2010-11-09	2010-11-22
	PAYCHEX, INC.	P	2010-09-21	2010-12-15
	APPLIED MATERIALS INC.	P	2009-10-15	2010-01-12
	POWERSHARES QQQ TRUST SERIES 1 - NAS	P	2009-12-10	2010-01-25
	CONOCOPHILLIPS	P	2009-11-02	2010-02-01
	DIAMONDS TRUST SERIES I	P	2010-02-02	2010-02-05
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-01-29	2010-02-22
	FLUOR CORPORATION	P	2010-02-16	2010-03-03
	JAPAN SMALLER CAPITALIZATION FUND IN	P	2009-07-27	2010-03-15
	BEST BUY CO. INC.	P	2010-02-24	2010-03-31
	JAPAN SMALLER CAPITALIZATION FUND IN	P	2009-07-27	2010-04-19
	APPLIED MATERIALS INC.	P	2010-03-08	2010-05-03
	GENERAL ELECTRIC	P	2010-02-08	2010-05-07
	PROSHARES SHORT S&P 500	P	2010-05-03	2010-05-11
	DIAMONDS TRUST SERIES I	P	2010-05-12	2010-05-17
	MCDONALD'S CORP	P	2009-10-16	2010-05-26
	U. S. TREASURY NOTE	P	2010-01-22	2010-06-16
	AMGEN INC.	P	2010-06-16	2010-07-07
	PROSHARES SHORT S&P 500	P	2010-07-14	2010-07-23
	DIAMONDS TRUST SERIES I	P	2010-07-23	2010-07-29
	ALCOA, INC.	P	2010-07-29	2010-08-12
	ILLINOIS TOOL WORKS INC.	P	2010-07-29	2010-08-18
	DIAMONDS TRUST SERIES I	P	2010-09-07	2010-09-14
	FEDERAL HOME LOAN BANK (CALL 10-1-10	P	2007-10-01	2010-10-01
	ARCHER-DANIELS-MIDLAND CO.	P	2010-06-17	2010-11-05
	BAKER HUGHES INC.	P	2010-09-29	2010-11-23
	U. S. TREASURY NOTE	P	2010-11-22	2010-12-14
	ALCOA, INC.	P	2009-12-16	2010-01-14
	POWERSHARES QQQ TRUST SERIES 1 - NAS	P	2009-12-14	2010-01-25
	CONOCOPHILLIPS	P	2010-01-29	2010-02-01
	GOOGLE	P	2010-01-29	2010-02-05
	DIAMONDS TRUST SERIES I	P	2010-02-17	2010-02-22
	HOME DEPOT, INC.	P	2009-10-15	2010-03-04
	PFIZER INC.	P	2009-05-15	2010-03-17
	ORACLE CORP.	P	2009-09-16	2010-03-31
	BEST BUY CO. INC.	P	2010-02-24	2010-04-22
	JAPAN SMALLER CAPITALIZATION FUND IN	P	2009-07-27	2010-05-03
	GENERAL ELECTRIC	P	2010-01-15	2010-05-07
	PROSHARES SHORT S&P 500	P	2010-05-06	2010-05-11
	DIAMONDS TRUST SERIES 1 MAY 107 CALL	P	2010-05-11	2010-05-13
	MCDONALD'S CORP	P	2003-01-01	2010-05-26
	U. S. TREASURY NOTE	P	2010-02-25	2010-06-16
	ISHARES DOW JONES SELECT DIVIDEND IN	P	2010-06-29	2010-07-09
	JOHNSON & JOHNSON	P	2009-01-13	2010-07-27
	U. S. TREASURY NOTE	P	2010-04-29	2010-07-28
	BEST BUY CO. INC.	P	2010-07-27	2010-08-13
	ZIMMER HOLDINGS INC.	P	2010-07-19	2010-08-19
	U. S. TREASURY NOTE	P	2010-08-12	2010-09-15
	DUKE ENERGY CORPORATION	P	2010-08-13	2010-10-07
	SEMICONDUCTOR HOLDERS TRUST	P	2010-11-01	2010-11-05
	EMERSON ELECTRIC CO.	P	2010-06-09	2010-12-03
	CHEVRON CORP. DECEMBER 80 CALLS	P	2010-11-30	2010-12-14
	ALCOA, INC.	P	2009-12-14	2010-01-14
	BANK OF AMERICA CORPORATION	P	2010-01-12	2010-01-26
	ISHARES MSCI HONG KONG INDEX FUND	P	2009-11-13	2010-02-01
	GOOGLE	P	2010-02-02	2010-02-05
	ISHARES IBOXX INVESTMENT GRADE CORP	P	2009-12-04	2010-02-24
	MARKET VECTORS GOLD MINERS	P	2010-02-16	2010-03-05
	PFIZER INC.	P	2009-03-24	2010-03-17
	NATIONAL OILWELL VARCO, INC.	P	2010-02-16	2010-03-31
	CISCO SYSTEMS, INC.	P	2009-07-24	2010-04-22
	JAPAN SMALLER CAPITALIZATION FUND IN	P	2009-06-17	2010-05-03
	SYMANTEC CORPORATION	P	2010-02-02	2010-05-07
	SYMANTEC CORPORATION	P	2009-11-03	2010-05-11
	PROSHARES SHORT S&P 500	P	2010-05-14	2010-05-18
	MERCK MAY 35 CALLS	P	2010-04-21	2010-05-21
	UTILITIES SELECT SECTOR SPDR FUND	P	2010-05-05	2010-06-18
	POWERSHARES DYNAMIC NETWORKING	P	2010-06-21	2010-07-09
	U. S. TREASURY NOTE	P	2010-07-15	2010-07-26
	U. S. TREASURY NOTE	P	2009-08-07	2010-07-28
	LOWE'S COMPANIES INC.	P	2010-07-29	2010-08-13
	ZIMMER HOLDINGS INC.	P	2010-07-27	2010-08-19
	U. S. TREASURY NOTE	P	2009-08-07	2010-09-15
	DUKE ENERGY CORPORATION	P	2010-08-13	2010-10-18
	PROSHARES SHORT S&P 500	P	2010-11-08	2010-11-09
	EMERSON ELECTRIC CO.	P	2009-11-04	2010-12-03
	APPLIED MATERIALS INC.	P	2010-09-17	2010-12-21

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	27,110	27,212	-102
b	69,402	70,775	-1,373
c	11,571	10,699	872
d	2,292	2,637	-345
e	87,015	85,192	1,823
	60,745	61,421	-676
	27,117	25,817	1,300
	8,513	6,689	1,824
	85,806	86,534	-728
	126,897	124,963	1,934
	8,603	5,082	3,521
	10,936	11,623	-687
	52,256	50,101	2,155
	82,240	85,234	-2,994
	106,266	114,697	-8,431
	34,705	35,265	-560
	42,627	43,019	-392
	51,859	53,101	-1,242
	101,895	109,785	-7,890
	5,557	5,825	-268
	56,141	53,250	2,891
	62,401	61,154	1,247
	8,794	8,599	195
	229,463	232,987	-3,524
	88,188	86,966	1,222
	4,437	3,419	1,018
	35,448	36,439	-991
	21,354	19,952	1,402
	5,224	3,376	1,848
	62,490	68,383	-5,893
	70,711	70,552	159
	13,328	13,606	-278
	34,084	35,910	-1,826
	80,586	76,332	4,254
	70,644	72,651	-2,007
	14,904	15,500	-596
	27,209	22,926	4,283
	14,999	12,110	2,889
	10,326	10,324	2
	35,035	36,477	-1,442
	42,012	44,746	-2,734
	6,036	6,094	-58
	8,335	8,598	-263
	14,405	12,674	1,731
	16,533	15,312	1,221
	2,937	3,074	-137
	322,101	320,865	1,236
	68,090	67,728	362
	77,303	69,881	7,422
	71,444	68,573	2,871
	58,591	55,775	2,816
	15,323	12,081	3,242
	76,871	75,343	1,528
	517	504	13
	10,449	1,554	8,895
	16,895	16,550	345
	9,371	6,786	2,585
	9,863	9,783	80
	2,150	2,079	71
	13,618	11,155	2,463
	19,427	19,968	-541
	35,931	35,945	-14
	24,617	20,060	4,557
	909	691	218
	29,390	29,109	281
	70,071	72,155	-2,084
	50,772	52,642	-1,870
	81,023	77,953	3,070
	17,862	18,384	-522
	52,210	52,997	-787
	33,627	31,819	1,808
	14,290	14,535	-245
	73,795	69,225	4,570
	69,985	68,798	1,187
	46,057	46,459	-402
	28,217	23,164	5,053
	20,240	19,750	490
	17,110	12,208	4,902
	10,667	10,517	150
	151	146	5
	101,397	104,013	-2,616
	59,806	57,429	2,377
	30,417	35,802	-5,385
	3,465	3,334	131
	68,497	64,210	4,287
	23,156	21,203	1,953
	15,895	16,054	-159
	1,747	1,357	390
	18,703	16,054	2,649
	39,291	39,707	-416
	95,318	92,951	2,367
	70,390	74,202	-3,812
	101,544	102,146	-602
	26,959	25,984	975
	59,539	59,107	432
	41,288	41,133	155
	55,313	51,039	4,274
	11,591	11,705	-114
	2,774	3,128	-354
	103,771	99,955	3,816
	17,156	15,294	1,862
	9,746	7,721	2,025
	20,038	20,463	-425
	31,530	29,698	1,832
	18,241	18,141	100
	540	521	19
	61,383	62,940	-1,557
	101,608	103,598	-1,990
	56,008	61,600	-5,592
	325,283	313,882	11,401
	3,603	3,169	434
	107,587	104,124	3,463
	58,640	55,807	2,833
	89,199	88,016	1,183
	21,998	15,758	6,240
	58,139	52,994	5,145
	71,816	71,681	135
	18,398	19,670	-1,272
	12,447	18,271	-5,824
	3,371	5,029	-1,658
	65,174	66,345	-1,171
	4,588	4,489	99
	5,571	5,379	192
	184,863	189,774	-4,911
	53,051	49,700	3,351
	29,512	28,991	521
	85,812	78,450	7,362
	40,616	34,395	6,221
	8,304	9,030	-726
	79,370	74,397	4,973
	7,106	7,468	-362
	78,140	75,000	3,140
	8,370	8,386	-16
	85,544	85,067	477
	16,798	16,026	772
	54,352	60,117	-5,765
	8,665	7,609	1,056
	15,482	15,202	280
	109,771	111,258	-1,487
	18,088	17,893	195
	2,287	2,237	50
	32,068	33,479	-1,411
	7,886	8,305	-419
	65,773	69,855	-4,082
	58,579	82,299	-23,720
	24,130	24,375	-245
	101,435	104,652	-3,217
	13,514	15,293	-1,779
	44,094	30,492	13,602
	10,592	11,239	-647
	39,638	37,275	2,363
	7,846	7,644	202
	48,374	45,126	3,248
	9,501	7,721	1,780
	91,344	91,418	-74
	55,225	56,272	-1,047
	70,921	71,951	-1,030
	52,361	42,807	9,554
	83,883	84,951	-1,068
	66,427	66,766	-339
	73,912	67,944	5,968
	180,571	175,774	4,797
	4,487	4,642	-155
	11,581	10,121	1,460
	10,861	8,891	1,970
	89,901	83,742	6,159
	1,236	764	472
	70,550	72,096	-1,546
	16,560	16,157	403
	12,419	12,465	-46
	46,850	51,193	-4,343
	37,669	36,378	1,291
	66,742	67,580	-838
	6,006	6,725	-719
	90,673	73,553	17,120
	70,614	71,182	-568
	56,578	53,250	3,328
	31,382	30,399	983
	2,382	2,487	-105
	38,001	30,392	7,609
	2,707	6,989	-4,282
	5,020	5,100	-80
	18,532	15,648	2,884
	91,219	90,697	522
	14,506	14,841	-335
	28,730	28,130	600
	63,334	61,543	1,791
	15,409	13,769	1,640
	20,256	20,486	-230
	65,990	63,610	2,380
	11,580	9,511	2,069
	10,159	6,759	3,400
	8,838	5,236	3,602
	4,703	3,634	1,069
	10,514	10,121	393
	86,854	90,404	-3,550
	33,071	35,026	-1,955
	67,840	66,736	1,104
	67,266	67,814	-548
	10,511	11,500	-989
	122,747	116,166	6,581
	36,789	37,645	-856
	166,019	172,837	-6,818
	64,388	63,254	1,134
	46,920	48,979	-2,059
	25,654	27,121	-1,467
	20,113	20,463	-350
	12,283	12,655	-372
	4,540	3,697	843
	35,598	35,009	589
	28,123	26,645	1,478
	16,482	16,398	84
	54,866	53,764	1,102
	7,704	6,708	996
	1,538	1,546	-8
	80,655	79,717	938
	85,786	89,136	-3,350
	14,400	15,284	-884
	35,057	33,892	1,165
	15,707	11,664	4,043
	10,514	10,107	407
	17,371	17,723	-352
	50,394	50,724	-330
	67,490	70,206	-2,716
	67,114	70,159	-3,045
	11,000	10,950	50
	78,096	66,891	11,205
	63,430	61,791	1,639
	311,813	319,043	-7,230
	103,072	107,030	-3,958
	64,913	60,759	4,154
	4,412	4,570	-158
	2,096	1,769	327
	14,554	12,474	2,080
	27,628	26,456	1,172
	82,836	67,719	15,117
	71,686	67,877	3,809
	15,109	14,394	715
	54,818	54,415	403
	83,527	85,325	-1,798
	63,890	61,136	2,754
	7,257	6,904	353
	3,750	4,027	-277
	68,506	71,515	-3,009
	56,899	61,764	-4,865
	50,580	35,848	14,732
	7,097	6,773	324
	66,564	70,188	-3,624
	80,478	82,005	-1,527
	69,261	67,976	1,285
	6,711	6,205	506
	44,000	41,575	2,425
	48,380	49,469	-1,089
	8,010	8,189	-179
	66,830	69,096	-2,266
	27,321	24,976	2,345
	214,283	198,556	15,727
	52,026	45,385	6,641
	16,686	15,546	1,140
	18,091	16,423	1,668
	6,849	7,011	-162
	96,596	80,810	15,786
	12,091	11,602	489
	5,494	4,517	977
	219,271	215,057	4,214
	80,737	78,616	2,121
	3,594	3,606	-12
	65,310	60,014	5,296
	8,002	8,391	-389
	3,811	3,170	641
	37,989	38,765	-776
	83,190	88,468	-5,278
	88,469	87,232	1,237
	64,342	66,478	-2,136
	6,940	1,973	4,967
	64,790	69,030	-4,240
	5,321	5,679	-358
	27,500	25,953	1,547
	106,368	106,342	26
	20,024	19,793	231
	2,741	2,741
	121,628	118,601	3,027
	109,264	110,834	-1,570
	8,745	7,453	1,292
	19,720	17,149	2,571
	72,015	62,369	9,646
	3,424	3,316	108
	84,400	86,910	-2,510
	66,262	66,821	-559
	13,735	10,917	2,818
	57,190	59,964	-2,774
	11,752	9,825	1,927
	11,435	10,551	884
	50,709	52,267	-1,558
	38,622	38,032	590
	7,994	7,535	459
	15,829	15,269	560
	69,067	66,918	2,149
	4,859	5,437	-578
	304,796	320,084	-15,288
	67,644	67,708	-64
	64,524	70,234	-5,710
	159,342	163,026	-3,684
	79,991	77,196	2,795
	11,668	11,569	99
	66,954	68,682	-1,728
	72,731	73,395	-664
	69,740	72,143	-2,403
	77,837	77,741	96
	119,271	122,719	-3,448
	60,676	51,868	8,808
	19,437	19,093	344
	79,896	77,164	2,732
	82,066	84,535	-2,469
	203,719	202,595	1,124
	58,406	59,964	-1,558
	75,582	75,775	-193
	4,574	4,198	376
	32,346	27,293	5,053
	6,173	4,873	1,300
	69,514	62,559	6,955
	6,227	5,623	604
	189,743	182,152	7,591
	135,693	129,983	5,710
	10,797	9,151	1,646
	53,625	52,008	1,617
	89,627	93,118	-3,491
	92,950	92,346	604
	3,668	3,536	132
	58,342	56,084	2,258
	67,050	68,019	-969
	209,021	205,072	3,949
	50,000	50,000
	27,603	22,817	4,786
	62,519	52,520	9,999
	15,033	15,347	-314
	7,393	6,035	1,358
	45,655	44,068	1,587
	15,923	16,301	-378
	66,554	67,812	-1,258
	12,886	12,555	331
	70,033	60,372	9,661
	681	603	78
	32,037	28,646	3,391
	72,742	59,134	13,608
	9,973	7,947	2,026
	7,714	6,906	808
	86,017	82,339	3,678
	2,539	2,998	-459
	20,244	5,412	14,832
	53,625	51,969	1,656
	42,702	43,887	-1,185
	20,025	20,650	-625
	82,242	77,859	4,383
	77,053	78,035	-982
	61,191	68,154	-6,963
	55,281	53,250	2,031
	29,212	29,140	72
	110,613	109,281	1,332
	8,256	6,820	1,436
	4,323	13,301	-8,978
	22,178	16,539	5,639
	62,990	66,821	-3,831
	7,341	8,040	-699
	26,622	26,909	-287
	14,537	14,923	-386
	21,343	19,931	1,412
	42,567	33,752	8,815
	70,990	75,535	-4,545
	6,656	5,314	1,342
	1,788	1,395	393
	5,265	5,725	-460
	3,433	3,530	-97
	171,873	172,344	-471
	2,915		2,915
	69,950	72,064	-2,114
	31,979	34,515	-2,536
	55,156	54,750	406
	10,966	10,208	758
	46,575	50,930	-4,355
	7,649	7,966	-317
	140,391	127,446	12,945
	50,123	50,332	-209
	34,420	34,966	-546
	1,926	1,329	597
	9,323	7,696	1,627

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			-102
b			-1,373
c			872
d			-345
e			1,823
			-676
			1,300
			1,824
			-728
			1,934
			3,521
			-687
			2,155
			-2,994
			-8,431
			-560
			-392
			-1,242
			-7,890
			-268
			2,891
			1,247
			195
			-3,524
			1,222
			1,018
			-991
			1,402
			1,848
			-5,893
			159
			-278
			-1,826
			4,254
			-2,007
			-596
			4,283
			2,889
			2
			-1,442
			-2,734
			-58
			-263
			1,731
			1,221
			-137
			1,236
			362
			7,422
			2,871
			2,816
			3,242
			1,528
			13
			8,895
			345
			2,585
			80
			71
			2,463
			-541
			-14
			4,557
			218
			281
			-2,084
			-1,870
			3,070
			-522
			-787
			1,808
			-245
			4,570
			1,187
			-402
			5,053
			490
			4,902
			150
			5
			-2,616
			2,377
			-5,385
			131
			4,287
			1,953
			-159
			390
			2,649
			-416
			2,367
			-3,812
			-602
			975
			432
			155
			4,274
			-114
			-354
			3,816
			1,862
			2,025
			-425
			1,832
			100
			19
			-1,557
			-1,990
			-5,592
			11,401
			434
			3,463
			2,833
			1,183
			6,240
			5,145
			135
			-1,272
			-5,824
			-1,658
			-1,171
			99
			192
			-4,911
			3,351
			521
			7,362
			6,221
			-726
			4,973
			-362
			3,140
			-16
			477
			772
			-5,765
			1,056
			280
			-1,487
			195
			50
			-1,411
			-419
			-4,082
			-23,720
			-245
			-3,217
			-1,779
			13,602
			-647
			2,363
			202
			3,248
			1,780
			-74
			-1,047
			-1,030
			9,554
			-1,068
			-339
			5,968
			4,797
			-155
			1,460
			1,970
			6,159
			472
			-1,546
			403
			-46
			-4,343
			1,291
			-838
			-719
			17,120
			-568
			3,328
			983
			-105
			7,609
			-4,282
			-80
			2,884
			522
			-335
			600
			1,791
			1,640
			-230
			2,380
			2,069
			3,400
			3,602
			1,069
			393
			-3,550
			-1,955
			1,104
			-548
			-989
			6,581
			-856
			-6,818
			1,134
			-2,059
			-1,467
			-350
			-372
			843
			589
			1,478
			84
			1,102
			996
			-8
			938
			-3,350
			-884
			1,165
			4,043
			407
			-352
			-330
			-2,716
			-3,045
			50
			11,205
			1,639
			-7,230
			-3,958
			4,154
			-158
			327
			2,080
			1,172
			15,117
			3,809
			715
			403
			-1,798
			2,754
			353
			-277
			-3,009
			-4,865
			14,732
			324
			-3,624
			-1,527
			1,285
			506
			2,425
			-1,089
			-179
			-2,266
			2,345
			15,727
			6,641
			1,140
			1,668
			-162
			15,786
			489
			977
			4,214
			2,121
			-12
			5,296
			-389
			641
			-776
			-5,278
			1,237
			-2,136
			4,967
			-4,240
			-358
			1,547
			26
			231

			3,027
			-1,570
			1,292
			2,571
			9,646
			108
			-2,510
			-559
			2,818
			-2,774
			1,927
			884
			-1,558
			590
			459
			560
			2,149
			-578
			-15,288
			-64
			-5,710
			-3,684
			2,795
			99
			-1,728
			-664
			-2,403
			96
			-3,448
			8,808
			344
			2,732
			-2,469
			1,124
			-1,558
			-193
			376
			5,053
			1,300
			6,955
			604
			7,591
			5,710
			1,646
			1,617
			-3,491
			604
			132
			2,258
			-969
			3,949

			4,786
			9,999
			-314
			1,358
			1,587
			-378
			-1,258
			331
			9,661
			78
			3,391
			13,608
			2,026
			808
			3,678
			-459
			14,832
			1,656
			-1,185
			-625
			4,383
			-982
			-6,963
			2,031
			72
			1,332
			1,436
			-8,978
			5,639
			-3,831
			-699
			-287
			-386
			1,412
			8,815
			-4,545
			1,342
			393
			-460
			-97
			-471
			2,915
			-2,114
			-2,536
			406
			758
			-4,355
			-317
			12,945
			-209
			-546
			597
			1,627

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	315,496
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3	270,338

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2009	227,508	4,598,802	0.049471
2008	402,996	5,199,784	0.077502
2007	406,132	6,264,330	0.064832
2006	480,783	5,811,192	0.082734
2005	378,870	5,788,122	0.065456

2	Total of line 1, column (d) ......................	2	0.339995
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	0.067999
4	Enter the net value of noncharitable-use assets for 2010 from Part X, line 5.....	4	4,849,585
5	Multiply line 4 by line 3.......................	5	329,767
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	4,099
7	Add lines 5 and 6.........................	7	333,866
8	Enter qualifying distributions from Part XII, line 4..............	8	253,777
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18.

Form 990-PF (2010)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	8,197
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	8,197
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	8,197
6	Credits/Payments:

a	2010 estimated tax payments and 2009 overpayment credited to 2010	6a	10,000
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	10,000
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,803
11	Enter the amount of line 10 to be: Credited to 2011 estimated tax0	Refunded	11	1,803

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

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

instructions) bullet

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV...........................

Yes

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......

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

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

Yes

Website address bullet

JENNIFER@LEADERSHIP3.ORG

The books are in care of bullet

JENNIFER COBB-HAYES Telephone no. bullet

(574) 457-5716

Located at bullet

PO BOX 255NORTH WEBSTERIN ZIP+4 bullet

46555

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

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

At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet

Form 990-PF (2010)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2010?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2010, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2010?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2010.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...YesNo

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

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

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?

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

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2010)

Page 6

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
DECEMBER WARREN	BOARD MEMBER 1.00	0	0	0
PO BOX 255 NORTH WEBSTER,IN46555	BOARD MEMBER 1.00	0	0	0
VINCE TURNER	BOARD MEMBER 1.00	0	0	0
PO BOX 255 NORTH WEBSTER,IN46555	BOARD MEMBER 1.00	0	0	0
RANDALL ZIMMERLY	CHAIRMAN 1.00	0	0	0
PO BOX 255 NORTH WEBSTER,IN46555	CHAIRMAN 1.00	0	0	0
TOM PLAKE	VICE CHAIRMA 1.00	0	0	0
PO BOX 255 NORTH WEBSTER,IN46555	VICE CHAIRMA 1.00	0	0	0
WILL LINNEMEIER	BOARD MEMBER 1.00	0	0	0
PO BOX 255 NORTH WEBSTER,IN46555	BOARD MEMBER 1.00	0	0	0
NATALIE FIEREK	BOARD MEMBER 1.00	0	0	0
PO BOX 255 NORTH WEBSTER,IN46555	BOARD MEMBER 1.00	0	0	0
MICHELLE HORNING	TREASURER 1.00	0	0	0
PO BOX 255 NORTH WEBSTER,IN46555	TREASURER 1.00	0	0	0
RITCH HOCHSTETLER	BOARD MEMBER 40.00	75,775	0	0
PO BOX 255 NORTH WEBSTER,IN46555	BOARD MEMBER 40.00	75,775	0	0
PAM COOK	BOARD MEMBER 1.00	0	0	0
PO BOX 255 NORTH WEBSTER,IN46555	BOARD MEMBER 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
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	TO PROVIDE NON-DENOMINATIONAL INSTRUCTION FOR BUILDING A DYNAMIC, CHRISTIAN BASED LIFE FOR TEENAGERS AND YOUNG ADULTS WHO HAVE DEMONSTRATED LEADERSHIP ABILITIES AND THE DESIRE TO IMPROVE SUCH ABILITIES, THROUGH THE TEACHING AND VALUES OF INTEGRITY, INDUSTRY, AND CHARITY, TO DEVELOP INDIVIDUALS WHO WILL BECOME PACE SETTERS FOR SUCH VALUES	132,317
2


3


4

Form 990-PF (2010)

Page 7

Part IX-B

Summary of Program-Related Investments (see page 23 of the instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	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.)

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

purposes:

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

4,799,697

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

61,671

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

62,069

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

4,923,437

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

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

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

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

4,923,437

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

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

73,852

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

4,849,585

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

242,479

Part XI

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

and do not complete this part.)

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

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

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

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

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

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

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

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

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

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

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

253,777

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

253,777

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............

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

253,777

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2010)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(b) Years prior to 2009	(c) 2009	(d) 2010
1 Distributable amount for 2010 from Part XI, line 7
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.......
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: $
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.....
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 ...........
f Undistributed income for 2010. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........
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)

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

1999-12-10

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2010	(b) 2009	(c) 2008	(d) 2007	(e) Total
	242,479	229,940	207,012	313,217	992,648
b 85% of line 2a .........	206,107	195,449	175,960	266,234	843,750
c Qualifying distributions from Part XII, line 4 for each year listed .....	253,777	227,508	403,934	406,132	1,291,351
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 ....	253,777	227,508	403,934	406,132	1,291,351
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...	161,653	153,293	173,326	208,811	697,083
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

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

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2010)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

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

bApproved for future payment

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

Form 990-PF (2010)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See page 28 of the instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
aPROGRAM FEES					25,888
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....			14	143,578
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					315,496
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)..				143,578	341,384

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

13484,962

(See worksheet in line 13 instructions on page 28 to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)
1A	PROGRAM FEE IS THE MONEY RECEIVED TO COVER COST OF SUMMER

Form 990-PF (2010)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

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

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2010)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
HP XP COMPUTER/PRINTER SYRACUSE OFFICE	2001-11-23	698	508	S/L	10.0000	48
COMPUTER-APC PA AMPTRON XP	2002-01-28	1,042	740	S/L	10.0000	73
DON'S DESK	2001-02-13	353	315	S/L	10.0000	35
WALKIE TALKIES	2001-10-08	635	466	S/L	10.0000	45
DELL DIMENSION 4600 COMPUTER	2003-11-12	1,451	728	S/L	10.0000	72
MULTISYNC FE791SB MONITOR	2003-11-10	233	117	S/L	10.0000	12
IOMEGA BACK SYSTEM	2003-11-12	203	102	S/L	10.0000	10
52" MIR PLUS EXHIBIT BOARD	2003-10-02	2,251	1,144	S/L	10.0000	112
PANASONIC LCD PROJECTOR	2003-09-19	2,088	1,073	S/L	10.0000	105
DA-LITE SCREEN/STAND/SHELF	2003-09-19	545	280	S/L	10.0000	28
OFFICE FURNITURE	2003-03-21	1,253	743	S/L	10.0000	88
HP PRINTER	2003-05-03	151	87	S/L	10.0000	10
CD-DVD BURNER	2003-02-01	435	261	S/L	10.0000	31
IOMEGA BACKUP SYSTEM	2004-02-11	220	194	S/L	5.0000
MARTIN YALE CV-7 PAPER FOLDER	2004-05-05	635	295	S/L	10.0000	34
KEYBOARD-ALESIS QS8.2	2004-05-18	1,053	490	S/L	10.0000	56
STORAGE BOX	2004-07-15	350	159	S/L	10.0000	19
AVERY AUTOMATIC LABEL PEELER	2004-10-12	200	152	S/L	5.0000
SONY DCRDV201 VIDEO CAMERA	2004-10-19	1,060	806	S/L	5.0000
ENCLOSED FABRIC TACKBOARD PW23648F	2004-10-20	374	163	S/L	10.0000	21
DELL FLAT PANEL MONITOR	2004-11-12	267	200	S/L	5.0000
GUITAR	2005-04-20	304	144	S/L	10.0000	31
SOUND EQUIPMENT (POWER AMP,CABLE,SNAKE,RECEIV	2005-08-15	1,575	696	S/L	10.0000	157
HP OFFICE JET 7200	2006-02-15	288	112	S/L	10.0000	29
DELL SERVER, ROUTER AND SECURITY	2006-03-15	3,060	2,346	S/L	5.0000	612
WEBSITE	2004-11-15	2,900	2,577	S/L	3.0000
EQUIPMENT	2007-06-05	660	330	S/L	5.0000	132
3 MACBOOKS & SOFTWARE	2008-06-15	4,717	3,538	S/L	3.0000	786
RIVER RUNNERS	2008-04-28	2,072	1,450	S/L	5.0000	208
SAMSUNG VOICE MAIL	2008-05-05	1,503	966	S/L	7.0000	107
SAMSUNG VOICE MAIL	2008-10-06	1,792	1,152	S/L	7.0000	128
LAKE CITY AWNINGS & SIGNS	2009-03-02	521	130	S/L	7.0000	75
MAC MINI SERVER	2009-12-30	999	50	S/L	5.0000	200
MACANIX DROBO	2009-12-30	999	50	S/L	5.0000	200
NEW WEBSITE	2010-05-18	1,000		S/L	3.0000	167

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCKS	3,989,176
MUTUAL FUNDS - EQUITY	368,586
MUTUAL FUNDS - FIXED	379,540
PREFERRED DEBT SECURITIES	302,910

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
EXPENSES
PROGRAM EXPENSE	3,943	3,943
AUTOMOBILE EXPENSE	4,783	4,783
MEALS & ENTERTAINMENT	1,902	1,902
MISCELLANEOUS EXPENSE	756	756
CONTRIBUTIONS	80	80
INSURANCE	27,897	27,897
TELEPHONE	3,138	3,138
OFFICE EXPENSE	6,299	6,299
MARKETING EXPENSE	9,306	9,306
DUES & SUBSCRIPTIONS	1,315	1,315