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
MALBIS MEMORIAL FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)10145 US HIGHWAY 90 NO 200   Room/suite
City or town, state, and ZIP code
DAPHNE, AL36526
A Employer identification number

63-6044881
B Telephone number (see page 10 of the instructions)

(251) 626-3050
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$7,028,855J 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) 5,030
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 143,572 143,572  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -29,486
b Gross sales price for all assets on line 6a 1,484,008
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 562 527 35
12 Total. Add lines 1 through 11........ 119,678 144,099 35
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 43,082 21,541 0 21,541
14 Other employee salaries and wages...... 33,150 0 0 33,150
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,550 2,275 0 2,275
c Other professional fees (attach schedule)....        
17 Interest............... 2,413 2,413 0 0
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 4,783 1,530 0 3,253
19 Depreciation (attach schedule) and depletion... Click to see attachment 33,357 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 61,574 312 0 61,262
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 182,909 28,071 0 121,481
25 Contributions, gifts, grants paid........ 90,989 90,989
26 Total expenses and disbursements. Add lines 24 and 25 273,898 28,071 0 212,470
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -154,220
b Net investment income (if negative, enter -0-) 116,028
c Adjusted net income (if negative, enter -0-)... 35
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............... -666 10,094 10,094
2 Savings and temporary cash investments.......... 233,094 347,486 347,486
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........... 0 550 550
10a Investments—U.S. and state government obligations (attach schedule) 1,004,436 Click to see attachment835,484 864,762
b Investments—corporate stock (attach schedule)........ 2,482,154 Click to see attachment2,431,691 2,820,579
c Investments—corporate bonds (attach schedule)........ 784,603 Click to see attachment755,680 797,190
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 bullet1,512,730
Less: accumulated depreciation (attach schedule) bullet893,761 652,326 Click to see attachment618,969 618,969
15 Other assets (describe bullet) Click to see attachment81,411 Click to see attachment81,411 Click to see attachment1,569,225
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,237,358 5,081,365 7,028,855
Liabilities 17 Accounts payable and accrued expenses.......... 1,113 1,112
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 attachment158,967 Click to see attachment158,967
23 Total liabilities (add lines 17 through 22).......... 160,080 160,079
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 5,077,278 4,921,286
30 Total net assets or fund balances (see page 17 of the
instructions).................... 5,077,278 4,921,286
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,237,358 5,081,365
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 5,077,278
2 Enter amount from Part I, line 27a...................... 2 -154,220
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 4,923,058
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 1,772
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 4,921,286
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 PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,483,897   1,513,494 -29,597
b 111     111
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -29,597
b       111
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -29,486
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 222,415 6,289,898 0.035361
2008 298,283 6,921,452 0.043095
2007 354,072 7,587,194 0.046667
2006 253,143 7,572,072 0.033431
2005 193,883 4,089,696 0.047408
2 Total of line 1, column (d) ...................... 2 0.205962
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 0.041192
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 5,875,796
5 Multiply line 4 by line 3....................... 5 242,036
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,160
7 Add lines 5 and 6......................... 7 243,196
8 Enter qualifying distributions from Part XII, line 4.............. 8 212,470
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 2,321
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2............................ 3 2,321
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,321
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 20,733
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 20,733
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 18,412
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet18,412 Refunded Bullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?.............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletAL
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletREGIONS BANK TRUST DEPARTMENT Telephone no.bullet (251) 438-8387
    Located atbullet11 NORTH WATER STREET - 28TH FLMOBILEAL ZIP+4bullet36602
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
     
    .........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
    GEORGE SCOURTES PRESIDENT
    3.00     		0 0 0
    10145 US HIGHWAY 90 SUITE 200
    DAPHNE,AL36526
    ANTONIA CLEONDIS SEC/TRUSTEE
    3.00     		0 0 0
    10145 US HIGHWAY 90 SUITE 200
    DAPHNE,AL36526
    FATHER JAMES CLEONDIS TRUSTEE
    1.00     		0 0 0
    10145 US HIGHWAY 90 SUITE 200
    DAPHNE,AL36526
    REGIONS BANK TRUSTEE
    1.00     		28,782 0 0
    10145 US HIGHWAY 90 SUITE 200
    DAPHNE,AL36526
    GETRUDE MALBIS TRUSTEE
    1.00     		14,300 0 0
    10145 US HIGHWAY 90 SUITE 200
    DAPHNE,AL36526
    THOMAS G MALBIS VICE-PRESIDENT
    1.00     		0 0 0
    10145 US HIGHWAY 90 SUITE 200
    DAPHNE,AL36526
    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
    NICK TSALTAS EMPLOYEE
    1.00     		33,150 0 0
    10145 US HIGHWAY 90 SUITE 200
    DAPHNE,AL36526
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,649,162
    b
    Average of monthly cash balances.......................
    1b
    316,113
    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
    5,965,275
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d..........................
    3
    5,965,275
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    89,479
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,875,796
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    293,790
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    293,790
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    2,321
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,321
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    291,469
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4.............................
    5
    291,469
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    291,469
    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
    212,470
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes................................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    212,470
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    212,470
    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 7 291,469
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 132,258
    b Total for prior years:20, 20, 20 0
    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......... 0
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 212,470
    a Applied to 2009, but not more than line 2a 132,258
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		 0
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		0
    d Applied to 2010 distributable amount..... 80,212
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2010. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		0
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		0
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		211,257
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		0
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		0
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    GEORGE SCOURTES
    10145 US HIGHWAY 90 SUITE 200
    DAPHNE,AL36526
    (251) 626-3050
    bThe form in which applications should be submitted and information and materials they should include:
    NO PRESCRIBED FORM
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ORGANIZATION MUST BE QUALIFIED UNDER INTERNAL REVENUE CODE SECTION 501(C)(3)
    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
    PENELOPE HOUSE
    PO BOX 9127
    MOBILE,AL36691     		N/A 501(C)(3) COMMUNITY WELFARE 6,440
    THE LIGHTHOUSE
    PO BOX 531
    ROBERTSDALE,AL36567     		N/A 501(C)(3) COMMUNITY WELFARE 17,000
    PROVIDENCE HOSPITAL AUXILIARY FOUNDATION
    6801 AIRPORT BLVD
    MOBILE,AL36685     		N/A 501(C)(3) COMMUNITY WELFARE 100
    DAUPHIN ISLAND SEA LAB
    101 BIENVILLE BLVD
    DAUPHIN ISLAND,AL36528     		N/A 501(C)(3) COMMUNITY WELFARE 250
    RONALD MCDONALD HOUSE
    1626 SPRINGHILL AVE
    MOBILE,AL36604     		N/A 501(C)(3) COMMUNITY WELFARE 1,500
    WEST ALABAMA AIDS OUTREACH
    PO BOX 2947
    TUSCALOOSA,AL35401     		N/A 501(C)(3) COMMUNITY WELFARE 500
    AMERICAN CANCER SOCIETY
    900 WESTERN AMERICA CIR 101
    MOBILE,AL36609     		N/A 501(C)(3) COMMUNITY WELFARE 700
    ANGEL RIDE FOUNDATION
    PO BOX 209
    MONTROSE,AL36559     		N/A 501(C)(3) COMMUNITY WELFARE 2,000
    ST PAUL'S EPISCOPAL CHURCH
    4051 OLD SHELL ROAD
    MOBILE,AL36608     		N/A 501(C)(3) COMMUNITY WELFARE 150
    SALVATION ARMY
    3200 PLEASANT VALLEY ROAD
    MOBILE,AL36606     		N/A 501(C)(3) COMMUNITY WELFARE 1,000
    BELFOREST VOLUNTEER FIRE DEPARTMENT
    25490 COUNTY ROAD 54 W
    DAPHNE,AL36526     		N/A 501(C)(4) COMMUNITY WELFARE 500
    SPANISH FORT VOLUNTEER FIRE DEPARTMENT
    PO BOX 7025
    SPANISH FORT,AL36527     		N/A 501(C)(4) COMMUNITY WELFARE 1,000
    ANNUNCIATION GREEK ORTHODOX
    50 SOUTH ANN STREET
    MOBILE,AL36604     		N/A 501(C)(3) COMMUNITY WELFARE 19,299
    HCHC GREEK ORTHODOX SCHOOL OF THEOLOGY
    50 GADDARD AVE
    BROOKLINE,MA02445     		N/A 501(C)(3) COMMUNITY WELFARE 12,000
    BALDWIN ANIMAL RESCUE CENTER
    7665 HOWELLS FERRY ROAD
    MOBILE,AL36618     		N/A 501(C)(3) COMMUNITY WELFARE 1,000
    AGAPE
    PO BOX 2602
    DAPHNE,AL36526     		N/A 501(C)(3) COMMUNITY WELFARE 10,000
    UNIVERSITY OF SOUTH ALABAMA
    307 UNIVERSITY BLVD N
    MOBILE,AL36688     		N/A 501(C)(3) COMMUNITY WELFARE 500
    UNIVERSITY OF SOUTH ALABAMA CHILDREN'S AND WOMEN'S HOSPITAL
    1700 CENTER STREET
    MOBILE,AL36604     		N/A 501(C)(3) COMMUNITY WELFARE 5,000
    BREAST CANCER RELIEF FOUNDATION
    615 BARRONE STREET SUITE 301
    NEW ORLEANS,AL70113     		N/A 501(C)(3) COMMUNITY WELFARE 50
    PLAYHOUSE IN THE PARK
    4851 MUSEUM DRIVE
    MOBILE,AL36608     		N/A 501(C)(3) COMMUNITY WELFARE 1,000
    ALABAMA SHERRIFS YOUTH RANCH
    21870 COUNTY ROAD 32
    SUMMERDALE,AL36580     		N/A 501(C)(3) COMMUNITY WELFARE 500
    CARE HOUSE INC
    108 BLACKBURN AVENUE
    BAY MINETTE,AL36507     		N/A 501(C)(3) COMMUNITY WELFARE 2,500
    SMILE TRAIN
    41 MADISON AVENUE 28TH FLOOR
    NEW YORK,NY10010     		N/A 501(C)(3) COMMUNITY WELFARE 2,500
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    262 DANNY THOMAS PLACE
    MEMPHIS,TN38105     		N/A 501(C)(3) COMMUNITY WELFARE 5,000
    KELLER WILLIAMS REALTY CARES
    6333 COTTAGE HILL ROAD
    MOBILE,AL36609     		N/A NONCHARITABLE NOT CO COMMUNITY WELFARE 500
    Total .................................bullet 3a 90,989
    bApproved for future payment
    Total ..................................bullet 3b 0
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....     14 143,572  
    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.....     18 527  
    8Gain or (loss) from sales of assets other than inventory     18 -29,486  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aDVD SALES         35
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 114,613 35
    13Total. Add line 12, columns (b), (d), and (e)...................
    13114,648
    (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.)
    11A SALE OF EDUCATIONAL DVDS
    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
    MALBIS MEMORIAL FOUNDATION
     
    Employer identification number

    63-6044881
    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
    MALBIS MEMORIAL FOUNDATION
          		Employer identification number

    63-6044881
    Part I
    Contributors (see Instructions)
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Aggregate contributions    		 (d)
    Type of contribution
    1
     
     

    MALBIS PLANTATION GREEK ORTHODOX CH    
    10145 US HIGHWAY 90
       
    DAPHNE, AL   36526

    		$5,030




    (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
    MALBIS MEMORIAL FOUNDATION
          		Employer identification number

    63-6044881
    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
    MALBIS MEMORIAL FOUNDATION
          		Employer identification number

    63-6044881
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2010 AccountingFeesSchedule
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,550 2,275 0 2,275

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

    TY 2010 DepreciationSchedule
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    CHURCH IMPROVEMENTS 1988-06-15 15,710 9,253 SL 40.000000000000 393 0 0  
    CHURCH 1970-02-01 979,957 787,518 SL 50.000000000000 19,599 0 0  
    CHURCH IMPROVEMENTS 1997-03-01 54,251 17,359 SL 40.000000000000 1,356 0 0  
    CHURCH IMPROVEMENTS 1997-06-30 4,124 1,998 SL 40.000000000000 103 0 0  
    ROOF REPAIRS 1998-06-30 30,907 8,887 SL 40.000000000000 773 0 0  
    ROOF REPAIRS 1999-06-30 13,943 3,676 SL 40.000000000000 349 0 0  
    CHURCH IMPROVEMENTS 2004-11-05 1,825 236 SL 40.000000000000 46 0 0  
    CHURCH IMPROVEMENTS 2004-12-01 3,193 406 SL 40.000000000000 80 0 0  
    DOORS 2005-09-13 2,500 750 SL 15.000000000000 167 0 0  
    CHURCH IMPROVEMENTS 2006-02-24 6,000 575 SL 40.000000000000 150 0 0  
    CHURCH IMPROVEMENTS 2006-05-10 6,513 597 SL 40.000000000000 163 0 0  
    ROOF REPAIRS 2006-10-18 39,170 3,101 SL 40.000000000000 979 0 0  
    ROOF REPAIRS 2007-01-09 49,416 3,706 SL 40.000000000000 1,235 0 0  
    CHURCH IMPROVEMENTS 2007-02-23 40,471 2,867 SL 40.000000000000 1,012 0 0  
    CHURCH IMPROVEMENTS 2007-03-31 66,357 4,562 SL 40.000000000000 1,659 0 0  
    CHURCH IMPROVEMENTS 2007-04-30 32,552 2,170 SL 40.000000000000 814 0 0  
    CHURCH IMPROVEMENTS 2007-08-31 534 31 SL 40.000000000000 13 0 0  
    CHURCH IMPROVEMENTS 2008-01-18 15,170 727 SL 40.000000000000 379 0 0  
    CHURCH IMPROVEMENTS 2008-03-21 62,196 2,721 SL 40.000000000000 1,555 0 0  
    CHURCH IMPROVEMENTS 2008-05-19 41,829 1,656 SL 40.000000000000 1,046 0 0  
    CHURCH IMPROVEMENTS 2008-06-04 21,238 840 SL 40.000000000000 531 0 0  
    CHURCH IMPROVEMENTS 2008-08-13 11,846 420 SL 40.000000000000 296 0 0  
    TRACTOR 2000-02-28 12,500 5,938 SL 20.000000000000 625 0 0  
    VOTIVE STAND 2005-06-22 528 410 200DB 7.000000000000 34 0 0  

    TY 2010 InvestmentsCorpBondsSchedule
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Name of Bond End of Year Book Value End of Year Fair Market Value
    17000 COMCAST CORP 17,188 18,585
    17000 DIRECTV HOLDGS/FING 17,618 17,271
    16000 TARGET CORP 15,846 17,931
    18000 CVS/CAREMARK CORPORATION 18,295 19,232
    18000 KRAFT FOODS INC 18,041 18,895
    15000 CONOCOPHILLIPS 14,709 17,837
    14000 HESS CORPORATION 16,689 17,687
    17000 PETROBRAS INTL FIN CO 16,982 17,639
    15000 TALISMAN ENERGY INC 17,587 18,518
    17000 BB&T CORPORATION 17,720 17,685
    18000 BARCLAYS BANK PLC 18,025 18,561
    17000 CITIGROUP INC 18,547 18,576
    87000 CITIGROUP INC FDIC GUAR 88,672 89,489
    33000 CREDIT SUISSE NEW YORK 35,020 36,189
    52000 JOHN DEERE CAPITAL CORP INSD 52,495 53,728
    16000 GOLDMAN SACHS GROUP INC 17,568 18,656
    17000 GOLDMAN SACHS GROUP INC 17,393 18,728
    17000 J P MORGAN CHASE & CO 16,844 19,350
    16000 MERRILL LYNCH & CO INC 15,942 17,510
    20000 MERRILL LYNCH & CO 18,788 18,054
    19000 MORGAN STANLEY 19,064 19,374
    18000 PRUDENTIAL FINANCIAL 17,882 17,603
    17000 TRAVELERS COMPANIES, INC 16,589 18,893
    17000 WACHOVIA CORP 16,918 18,820
    15000 PFIZER INC 16,841 17,570
    16000 CSX CORP 17,929 18,183
    14000 CATERPILLAR INC 14,201 18,019
    34000 GENERAL ELECTRIC CO 33,992 36,345
    18000 CA INC 18,391 18,610
    15000 HEWLETT-PACKARD CO 14,986 14,773
    16000 ORACLE CORPORATION 16,203 18,303
    16000 TIME WARNER CABLE 17,541 18,651
    17000 AT&T INC 17,011 18,968
    16000 VERIZON COMMUNICATIONS 16,173 17,935
    31000 FEDERAL NATIONAL MORTGAGE ASSN 31,990 35,022

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Name of Stock End of Year Book Value End of Year Fair Market Value
    455 BAYERISHE MOTOREN WERKE BMW 9,827 11,934
    196 CABLEVISION SYSTEM CORP CL A 3,393 6,633
    393 COPART INC 14,645 14,679
    65 DREAMWORKS ANIMATION SKG CL A 2,009 1,916
    310 EXPONET INC 8,138 11,637
    233 FUJIFILM HOLDINGS CORP - ADR 8,095 8,435
    82 GENUINE PARTS CO 3,407 4,210
    110 HASBRO INC 3,189 5,190
    882 MATTEL INC 18,973 22,429
    1073 MCGRAW HILL INC 35,996 39,068
    694 NISSAN MOTOR CO LTD 9,814 13,229
    84 OMNICOM GROUP IN 3,556 3,847
    647 POOL CORPORATION 12,839 14,583
    1340 STALPLES INC 32,379 30,512
    704 SWIRE PAC LTD CL A 8,242 11,574
    307 TEMPUR-PEDIC INTERNATIONAL 4,313 12,298
    900 TIFFANY & CO 38,250 56,043
    345 VF CORP 24,670 29,732
    217 STEINER LEISURE LTD 7,005 10,134
    182 BRITISH AMERN TOB PLC 11,350 14,141
    835 CVS/CAREMARK CORPORATION 31,496 29,033
    72 CLOROX CO 4,354 4,556
    87 DIAGEO PLC 6,082 6,467
    100 HEINZ H J CO 4,246 4,946
    178 IMPERIAL TOBACCO GROUP 10,009 10,969
    570 PEPSICO INC 35,600 37,238
    510 PHILIP MORRIS INTERNATIONAL INC 20,411 29,850
    585 PROCTOR & GAMBLE CO 35,493 37,633
    168 TATE & LYLE 4,929 5,450
    581 WAL-MART STORES INC 25,252 31,333
    306 WAL-MART DE MEXICO SAB DE CV 6,212 8,755
    1190 WALGREEN CO 53,779 46,362
    255 APACHE CORPORATION 27,208 30,404
    41 CNOOC LTD CLASS H 6,726 9,773
    92 CABRO CERAMICS INC 3,762 9,526
    390 CHEVRON CORP 24,622 35,588
    121 CHINA PETROLEUM & CHEMICAL CORP 10,544 11,578
    125 ENI S P A 4,848 5,468
    104 ENBRIDGE INC 5,211 5,866
    440 EXXON MOBILE CORP 33,834 32,173
    182 OAO GAZPROM 3,483 4,550
    1300 HALLIBURTON CO 49,451 53,079
    500 HESS CORPORATION 30,772 38,270
    225 NEXEN NEXEN INC 5,493 5,153
    232 NISOURCE INC 3,043 4,088
    88 LUKOIL 5,042 4,963
    204 PETROLEO BRASILEIRO SA 8,023 7,719
    80 RWE AG 5,771 5,367
    70 RANGE RESOURCES CORP 3,510 3,149
    362 REPSOL YPF 8,075 10,114
    90 ROYAL DUTCH SHELL PLC 4,713 6,010
    360 SCHLUMBERGER LTD 25,057 30,060
    356 STATOIL ASA 7,615 8,462
    75 ULTRA PETE CORP 3,498 3,583
    77 SEADRILL LTD 2,510 2,612
    271 WEATHERFORD INTERNATIONAL LTD 4,887 6,179
    218 ALLSTATE CORP 5,980 6,950
    950 AMERICAN EXPRESS CO 52,952 40,774
    424 ANNALY CAPITAL MANAGEMENT INC 7,214 7,598
    48 AON CORP 1,983 2,208
    382 AUSTRALIA & NEW ZEALAND BKG 7,617 9,143
    257 BNP PARIBAS SPONSORED ADR 9,245 8,207
    668 BANCO SANTANDER S.A. ADR 9,437 7,114
    2115 BANK OF AMERICA CORP 33,075 28,214
    166 BANK OF MONTREAL 8,144 9,562
    788 BANK OF CHINA LTD 10,335 10,391
    101 BRANDYWINE RLTY TR 978 1,177
    207 BROADRIDGE FIN SOLUTIONS INC 4,194 4,540
    215 BROOKFIELD ASSET MANAGEMENT 5,895 7,157
    675 BROWN & BROWN INC 12,587 16,160
    802 CHEUNG KONG LTD 9,705 12,370
    1197 CHIMERA INVESTMENT CORP 4,471 4,920
    84 CHUBB CORP 4,025 5,010
    518 COHEN & STEERS INC 9,805 13,520
    122 CREDIT SUISSE GROUP 4,918 4,930
    553 FEDERATED INVS INC PA CL B 13,876 14,472
    200 GOLDMAN SACHS GROUP INC 35,297 33,632
    99 HEALTH CARE REIT INC 3,990 4,716
    324 HUDSON CITY BANCORP 3,874 4,128
    670 ITAU UNIBANCO HOLDING, S.A. - ADR 12,454 16,087
    860 J P MORGAN CHASE & CO 36,040 36,481
    574 MFA FINANCIAL, INC 4,374 4,684
    348 MUENCHENER RUECK - UNSPONS ADR 5,411 5,294
    308 NEW YORK COMMUNITY BANCORP INC 3,784 5,806
    184 OLD REP ITNL CORP 2,042 2,508
    525 PRUDENTIAL FINANCIAL INC 46,316 30,823
    540 STATE STREET CORP 22,354 25,024
    166 SWISS REINSURANCE CO SP - ADR 7,181 8,958
    640 TRAVELERS COMPANIES, INC 28,478 35,654
    234 UNITED OVERSEAS BK LTD 5,253 6,649
    315 VISA INC - CLASS A 27,248 22,170
    184 DEUTSCHE BANK AG REG 11,405 9,577
    117 ENDURANCE SPECIALTY HOLDINGS 3,975 5,390
    180 ACE LTD 10,516 11,205
    369 ABAXIS, INC 9,869 9,908
    695 ABBOTT LABS 36,686 33,297
    650 ALLERGAN INC 36,814 44,636
    100 ASTRAZENECA PLC 4,512 4,619
    158 DR REDDYS LABS LTD 5,138 5,840
    98 GENZYME CORP MASS 5,148 6,978
    111 HCP INC REIT 2,956 4,084
    151 HAEMONETICS CORP 8,107 9,540
    471 JOHNSON & JOHNSON 28,563 29,131
    74 MCKESSON CORP 4,957 5,208
    990 MERCK & CO INC NEW 34,470 35,680
    194 NOVARTIS A G ADR 8,775 11,436
    125 ST JUDE MED INC 4,751 5,344
    730 STRYKER CORP 32,302 39,201
    TECHNE CORP 8,948 9,653
    706 TEVA PHARMACEUTICACL INDS SPONS 31,883 36,804
    760 THERMO FISHER SCIENTIFIC, INC 39,745 42,074
    45 ZIMMER HOLDINGS INC 2,056 2,416
    103 COVIDEDN PLC LTD 4,118 4,703
    232 ADVISORY BOARD CO 7,528 11,050
    394 ASAHI GLASS CO LTD 3,545 4,610
    330 ATLAS COPCO 4,530 8,330
    163 BABCOCK & WILCOX CO 3,589 4,171
    74 CANADIAN NATIONAL RAILWAY 3,749 4,919
    675 CATERPILLAR INC 34,840 63,221
    635 EATON CORP 53,881 64,459
    308 FORWARD AIR CORP 7,053 8,741
    1170 GENERAL ELECTRIC CO 21,349 21,399
    178 HEICO CORP NEW CL A 4,086 6,643
    179 KUBOTA LTD ADR 7,300 8,522
    490 L.G. PHILIPS CO LTD ADR 8,658 8,698
    169 LINCOLN ELEC HLDGS INC 7,128 11,031
    600 NORFOLK SOUTHERN CORP 37,153 37,692
    1085 ROBERT HALF INTL INC 25,701 33,201
    47 ROCKWELL COLLINS INC 2,011 2,738
    252 ROLLINS INC 3,007 4,977
    76 ROPER INDS INC NEW 3,436 5,809
    257 AB SKF - SPONSORED ADR 4,795 7,325
    734 SANDVIK AB 7,054 14,314
    29 SIEMENS AG SPONSORED ADR 3,379 3,603
    885 SUMITOMO CORPORATION SPONSOR ADR 8,800 12,538
    410 3M CO 30,108 35,383
    575 UNITED TECHNOLOGIES CORP 35,076 45,264
    442 ACTIVISION BLIZZARD INC 4,862 5,498
    145 ANALOG DEVICES INC 4,108 5,462
    279 ANSYS INC 9,846 14,528
    725 AUTO DESK INC 19,691 27,695
    543 BLACKBAUD INC 9,855 14,064
    1322 CISCO SYSTEMS INC 24,442 26,744
    176 COMPUTER PROGRAMS & SYSTEMS INC 6,580 8,244
    E M C CORP MASS 21,587 43,281
    94 FACTSET RESH SYSTEM INC 5,108 8,813
    505 HENRY JACK & ASSOC INC 11,906 14,721
    155 HITTITE MICROWAVE CORP 7,759 9,461
    126 INFOSYS TECHNOLOGIES LTD 5,180 9,586
    1640 INTEL CORP 33,631 34,489
    1100 JUNIPER NETWORKS INC 28,643 40,612
    78 KYOCERA CORP 7,871 7,970
    1413 MICROSOFT CORP 38,784 39,437
    1290 ORACLE CORPORATION 29,073 40,377
    625 QUALCOMM INC 23,745 30,931
    70 RICOH COMPANY, LTD ADR 5,187 5,135
    283 ROGERS COMMUNICATIONS INC CL B 7,893 9,800
    208 SAP AG ONE ADR 9,574 10,527
    91 TIME WARNER CABLE 3,113 6,009
    535 XEROX CORP 5,009 6,163
    256 ANGLO AMERN PLC UNSPON ADR 4,674 6,684
    173 ANGLOGOLD ASHANTI LTD 7,008 8,517
    121 APTARGROUP INC 4,235 5,756
    165 ARCELORMITTAL-NY REGISTERED 5,337 6,291
    125 BASF SE SPONSORED ADR 6,296 10,063
    171 BHP BOLLITON PLC 8,893 13,766
    135 IVANHOE MINES LTD 1,216 3,094
    270 MONSANTO CO NEW 19,629 18,803
    70 POSCP ADR 6,504 7,538
    179 RBC BEARINGS INC 3,799 6,995
    176 VALE SA - SP ADR 3,490 6,084
    72 SPDR GOLD TRUST 6,748 9,988
    273 AMERICA MOVIL S.A.B. DE C V SPON SR 13,246 15,654
    340 NIPPON TELEG & TEL CORP 7,091 7,800
    426 SINGAPORE TELECOMMUNICATIONS LTD 9,271 10,143
    165 TELEPHONE & DATA SYS INC 4,050 5,201
    915 VERIZON COMMUNICATIONS 26,837 32,739
    43 MILLICOM INTL CELLULAR S.A. 3,050 4,111
    46 AMEREN CORP 1,209 1,297
    122 CIA SANEAMENTO BASICO DE ADR 5,188 6,451
    76 CONSOLIDATED EDISON INC 2,980 3,767
    999 ENEL SPA 4,879 5,012
    51 ENTERGY CORP NEW 4,062 3,612
    201 GREAT PLAINS ENERGY INC 3,588 3,897
    340 NEXTERA ENERGY, INC 18,369 17,677
    128 PROGRESS ENERGY INC 5,002 5,565
    118 SCANA CORP NEW 4,023 4,791
    98 SEMPRA ENERGY 4,916 5,143
    XCEL ENERGY INC 3,021 3,650

    TY 2010 InvestmentsGovtObligationsSch
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    US Government Securities - End of Year Book Value:

    835,484
    US Government Securities - End of Year Fair Market Value:

    864,762
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2010 LandEtcSchedule2
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    CHURCH IMPROVEMENTS 15,710 9,646 6,064 0
    CHURCH 979,957 807,117 172,840 0
    CHURCH IMPROVEMENTS 54,251 18,715 35,536 0
    CHURCH IMPROVEMENTS 4,124 2,101 2,023 0
    ROOF REPAIRS 30,907 9,660 21,247 0
    ROOF REPAIRS 13,943 4,025 9,918 0
    CHURCH IMPROVEMENTS 1,825 282 1,543 0
    CHURCH IMPROVEMENTS 3,193 486 2,707 0
    DOORS 2,500 917 1,583 0
    CHURCH IMPROVEMENTS 6,000 725 5,275 0
    CHURCH IMPROVEMENTS 6,513 760 5,753 0
    ROOF REPAIRS 39,170 4,080 35,090 0
    ROOF REPAIRS 49,416 4,941 44,475 0
    CHURCH IMPROVEMENTS 40,471 3,879 36,592 0
    CHURCH IMPROVEMENTS 66,357 6,221 60,136 0
    CHURCH IMPROVEMENTS 32,552 2,984 29,568 0
    CHURCH IMPROVEMENTS 534 44 490 0
    CHURCH IMPROVEMENTS 15,170 1,106 14,064 0
    CHURCH IMPROVEMENTS 62,196 4,276 57,920 0
    CHURCH IMPROVEMENTS 41,829 2,702 39,127 0
    CHURCH IMPROVEMENTS 21,238 1,371 19,867 0
    CHURCH IMPROVEMENTS 11,846 716 11,130 0
    TRACTOR 12,500 6,563 5,937 0
    VOTIVE STAND 528 444 84 0


    TY 2010 OtherAssetsSchedule
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CLOSELY HELD STOCK 81,411 81,411 1,569,225


    TY 2010 OtherDecreasesSchedule
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Description Amount
    TIMING DIFFERENCES BOOK AND TAX 1,772


    TY 2010 OtherExpensesSchedule
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CHURCH EXPENSES 3,296 0 0 3,296
    CLEANING 2,600 0 0 2,600
    DUES 133 0 0 133
    FLOWERS 180 0 0 180
    INSURANCE 30,819 0 0 30,819
    LAWN MAINTENANCE 1,200 0 0 1,200
    OFFICE EXPENSES 59 0 0 59
    PRIESTS EXPENSES 5,000 0 0 5,000
    REPAIRS & MAINTENANCE 2,470 0 0 2,470
    SECURITY 540 0 0 540
    TELEPHONE 752 0 0 752
    UTILITIES 13,794 0 0 13,794
    OTHER NON ALLOCABLE EXPENSES 312 312 0 0
    BANK CHARGES 419 0 0 419


    TY 2010 OtherIncomeSchedule2
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SECURITY LITIGATION 527 527  
    DVD SALES 35   35


    TY 2010 OtherLiabilitiesSchedule
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Description Beginning of Year - Book Value End of Year - Book Value
    UNREALIZED GAIN 158,967 158,967


    TY 2010 TaxesSchedule
    Name:
    MALBIS MEMORIAL FOUNDATION
    EIN: 63-6044881
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 1,530 1,530 0 0
    PAYROLL TAX 3,253 0 0 3,253