TY 2010 Form 990EZ

- TIN:

Form990-EZ
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Short Form
Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code
(except black lung benefit trust or private foundation)

Sponsoring organizations of donor advised funds, organizations that operate one or more hospital facilities, and certain controlling organizations as defined in section 512(b)(13) must file Form 990 (see instructions).
All other organizations with gross receipts less than $200,000 and total assets less than $500,000 at the end of the year may use this form.

The organization may have to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-1150

2010

Open to Public
Inspection

For the 2010 calendar year, or tax year beginning 07-01-2010, and ending 06-30-2011

Check if applicable:

Address change

Name change

Initial return

Terminated

Amended return

Application pending

C Name of organization
MONTICELLO FOUNDATION INC

Number and street (or P. O. box, if mail is not delivered to street address)PO BOX 636
Room/suite

City or town, state or country, and ZIP + 4 MONTICELLO, WI53570

D Employer identification number

39-1806015

E Telephone number

(608) 938-4201

F Group Exemption
Number. . bullet

G Accounting method: CashAccrualOther (specify) bullet

H Check bullet

required to attach Schedule B
(Form 990, 990-EZ, or 990-PF).I Website: bullet

N/AJ Tax-Exempt status(check only one)501(c)(3) Click to see attachment

501(c)( ) bullet

(insert no.) 4947(a)(1) or 527

K Check

if the organization is not a section 509(a)(3) supporting organization and its gross receipts are normally not more than $50,000. A Form 990-EZ or Form 990 return is not required though Form 990-N (e-postcard) may be required (see instructions). But if the organization chooses to file a return, be sure to file a complete return.

L Add lines 5b, 6c, and 7b, to line 9 to determine gross receipts; If gross receipts are $200,000 or more, or if total assets (Part II, line 25, column (B) below) are $500,000 or more, file Form 990 instead of Form 990-EZ.. . bullet

$ 54,603


1	Contributions, gifts, grants, and similar amounts received . . . . . . . . .			1	22,019
2	Program service revenue including government fees and contracts . . . . . . .			2
3	Membership dues and assessments . . . . . . . . . . . . . .			3
4	Investment income . . . . . . . . . . . . . . . . . .			4
5a	Gross amount from sale of assets other than inventory . . . .	5a	3,162
b	Less: cost or other basis and sales expenses . .	5b	3,162
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) . .			5c	0
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ 12,110 of contributions from fundraising events reported on line 1) (attach Schedule G if the sum of such gross income and contributions exceed $15,000) . . . . . . .
c	Less: direct expenses from gaming and fundraising events . . .	6c	7,319
d	Net income or (loss) from gaming and fundraising events (Add lines 6a and 6b and subtract line 6c)			6d	4,791
7a	Gross sales of inventory, less returns and allowances . . . .	7a
b	Less: cost of goods sold . . . . . . . . . .	7b
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) . . . . . .			7c
8	Other revenue (describe in Schedule O) . . . . . . . . .			8	17,312
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 . . . . . . . . .			9	44,122
10	Grants and similar amounts paid (list in Schedule O) . . . . . . . .			10	19,000
11	Benefits paid to or for members . . . . . . . . . . . . . . .			11
12	Salaries, other compensation, and employee benefits . . . . . . . . . . .			12	800
13	Professional fees and other payments to independent contractors . . . . . . . .			13	775
14	Occupancy, rent, utilities, and maintenance . . . . . . . . . . . . .			14
15	Printing, publications, postage, and shipping . . . . . . . . . . . .			15	493
16	Other expenses (describe in Schedule O) . . . . . . . . . .			16	100
17	Total expenses. Add lines 10 through 16 . . . . . . . . . . . .			17	21,168
18	Excess or (deficit) for the year (Subtract line 17 from line 9) . . . . . . . . .			18	22,954
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) . . . . . . . . . . .			19	379,077
20	Other changes in net assets or fund balances (explain in Schedule O) . . . . . . .			20	0
21	Net assets or fund balances at end of year. Combine lines 18 through 20 . . . . .			21	402,031

Part IIBalance Sheets Check if the organization used Schedule O to respond to any question in this Part II. . . . . . . . .

(See the instructions for Part II.)(A) Beginning of year(B) End of year

22Cash, savings, and investments . . . . . . . . . .

2,986

5,465

23Land and buildings . . . . . . . . . . . . .

24Other assets (describe in Schedule O) . . . . . .

394,441

423,816

25Total assets . . . . . . . . . . . . . .

397,427

429,281

Total liabilities (describe in Schedule O) . . . . .

18,350

27,250

27Net assets or fund balances (line 27 of column (B) must agree with line 21) .

379,077

402,031

For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 10642I Form 990-EZ (2010)

Form 990-EZ (2010)

Page 2

Part IIIStatement of Program Service Accomplishments Check if the organization used Schedule O to respond to any question in this Part III .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts; optional for others.)
What is the organization's primary exempt purpose? TO RAISE MONEY TO PROVIDE SCHOLARSHIPS FOR GRADUATES OF MONTICELLO HIGH SCHOOL
Describe what was achieved in carrying out the organization's exempt purposes. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 PROVIDED SCHOLARSHIPS TO MHS GRADUATES (Grants $ 19,000) If this amount includes foreign grants, check here ...		28a	0
29 (Grants $ ) If this amount includes foreign grants, check here ...		29a
30 (Grants $ ) If this amount includes foreign grants, check here ...		30a
31 Other program services (describe in Schedule O) . . . . . . . . . . . . (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a) . . . . . . . . .	32

Part IVList of Officers, Directors, Trustees, and Key Employees. List each one even if not compensated. (See the instructions for Part IV.) Check if the organization used Schedule O to respond to any question in this Part IV . . . . . . . .

(a) Name and address	(b) Title and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-.)
CATHY SENNETT 511 MONTESIAN CT MONTICELLO,WI53570	TREASURER2.00	400
CAROL KUBLY W3796 CTY EE MONTICELLO,WI53570	DIRECTOR0.00	0
MARCIA VOSS 410 S MAIN ST PO BOX 423 MONTICELLO,WI53570	DIRECTOR0.00	0
RUSSELL QUINN W6164 RON HILL LN MONTICELLO,WI53570	VICE PRESIDENT0.00	0
KEITH HOESLY 2107 8TH ST MONROE,WI53566	DIRECTOR0.00	0
LLINN LEDERMAN 345 URBAN RD MONTICELLO,WI53570	DIRECTOR0.00	0
JEAN MCMANNES 544 EISENHOWER CT MONTICELLO,WI53570	SECRETARY2.00	400
MARK WITTENWYLER W4586 WITTENWYLER RD MONTICELLO,WI53570	DIRECTOR0.00	0
ELMER LEMON 309 CHEYENE TRAIL MADISON,WI53705	PRESIDENT0.00	0

Form 990-EZ (2010)

Page 3

Part VOther Information(Note the statement requirements in the instructions for Part V.)YesNo Check if the organization used Schedule O to respond to any question in this Part V . . . .

Did the organization engage in any activity not previously reported to the IRS? If "Yes," provide a detailed description of each activity in Schedule O ..............

Were any significant changes made to the organizing or governing documents? If "Yes," attach a conformed copy of the amended documents if they reflect a change to the organization’s name. Otherwise, explain the change on Schedule O (see instructions). ...................

If the organization had income from business activities, such as those reported on lines 2, 6a, and 7a (among others), but not reported on Form 990-T, explain in Schedule O why the organization did not report the income on Form 990-T. ........................

Did the organization have unrelated business gross income of $1,000 or more or was it a section 501(c)(4), 501(c)(5), or 501(c)(6) organization subject to section 6033(e) notice, reporting, and proxy tax requirements?

35a

If "Yes," has it filed a tax return on Form 990-T for this year? (see instructions) ........

35b

Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? If “Yes,” complete applicable parts of Schedule N .............

37a

Enter amount of political expenditures, direct or indirect, as described in the instructions. bullet

37a

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

37b

38a

Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were

any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?

38a

If “Yes,” complete Schedule L, Part II and enter the total amount involved .

38b

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on line 9 ......

39a

Gross receipts, included on line 9, for public use of club facilities ....

39b

40a

Section 501(c)(3) organizations. Enter amount of tax imposed on the organization during the year under:

section 4911 bullet

0 ; section 4912 bullet

0 ; section 4955 bullet

Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in any section 4958 excess benefit transaction during the year or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I. ....

40b

Section 501(c)(3) and 501(c)(4) organizations. Enter amount of tax imposed on organization managers or disqualified persons during the year under sections 4912, 4955, and 4958 .. bullet

Section 501(c)(3) and 501(c)(4) organizations. Enter amount of tax on line 40c reimbursed by the organization ................... bullet

All organizations. At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? If "Yes," complete Form 8886-T. .................

40e

41List the states with which a copy of this return is filed. bullet

42aThe organization's books are in care of bullet

CAROL CASEY KUBLY Telephone no. bullet

(608) 938-4543

Located at bullet

W3796 CTY HWY EE
MONTICELLO,WI ZIP + 4 bullet

53570

At any time during the calendar year, did the organization have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)?

Yes

42b

If “Yes,” enter the name of the foreign country: bullet

See the instructions for exceptions and filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.

At any time during the calendar year, did the organization maintain an office outside of the U.S.?

42c

If “Yes,” enter the name of the foreign country: bullet

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

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

44a

Did the organization maintain any donor advised funds? If "Yes", Form 990 must be completed instead of

Yes

Form 990-EZ.. . . . . . . . . . . . . . . . . . . .

44a

Did the organization operate one or more hospital facilities during the year? If ‘Yes,’ Form 990 must be completed instead of Form990-EZ. . . . . . . . .

44b

Did the organization receive any payments for indoor tanning services during the year? . . . . . . .

44c

If 'Yes' to line 44c, has the organization filed a Form 720 to report these payments? If ‘No,’ provide an explanation in Schedule O. . . . . . . . .

44d

Is any related organization a controlled entity of the organization within the meaning of section 512(b)(13)? If ‘Yes,’ Form 990 and Schedule R must be completed instead of Form990-EZ. . . . . . . . .

45a

Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If ‘Yes,’ Form 990 and Schedule R must be completed instead of Form990-EZ. .

45a

Did the organization engage, directly or indirectly, in political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I. . . . . . . . . .

Form 990-EZ (2010)

Page 4

Part VI

Section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts only. All section 501(c)(3) organizations and section 4947(a)(1) nonexempt charitable trusts must answer questions 47-49b and 52. Check if the organization used Schedule O to respond to any question in this Part VI . . . . . . . .

Yes

Did the organization engage in lobbying activities? If "Yes," complete Schedule C, Part II . . . .

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E . . .

49a

Did the organization make any transfers to an exempt non-charitable related organization? . . . .

49a

If "Yes," was the related organization a section 527 organization? . . . . . . . . .

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and address of each employee paid more than $100,000	(b) Title and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans & deferred compensation	(e) Expense account and other allowances
NONE

50(f)

Total number of other employees paid over $100,000 . . . . . . . . . . . . . bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and address of each independent contractor paid more than $100,000	(b) Type of service	(c) Compensation
NONE

51(d)

Total number of other independent contractors each receiving over $100,000 . . . . . . . bullet

Did the organization complete Schedule A? NOTE: All Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable trusts must attach a completed Schedule A .................... Yes No

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 officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer's Use Only	Preparer's signature	Date	Check if self- employed	Preparer’s taxpayer identification number (See instructions)
	Firm’s name (or yours if self-employed), address, and ZIP + 4			EIN
				Phone no.

May the IRS discuss this return with the preparer shown above? See instructions ......... bullet

YesNo

Form 990-EZ (2010)

Additional Data

Software ID:
Software Version:

Form 990-EZ, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.

Attach to Form 990 or Form 990-EZ. right arrow

See separate instructions.

OMB No. 1545-0047

2010

Open to Public
Inspection

Name of the organization

MONTICELLO FOUNDATION INC

Employer identification number

39-1806015

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches. section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E.)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in

section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in

section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross

receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of

its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses

acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. Seesection 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box that describes the type of supporting organization and complete lines 11e through 11h.

Type I

Type II

Type III - Functionally integrated

Type III - Other

By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).

If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box ..................................................

Since August 17, 2006, has the organization accepted any gift or contribution from any of the
following persons?

(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)

Yes

and (iii) below, the governing body of the the supported organization? ................

11g(i)

(ii) a family member of a person described in (i) above? ......................

11g(ii)

(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................

11g(iii)

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization in col. (i) listed in your governing document?		(v) Did you notify the organization in col. (i) of your support?		(vi) Is the organization in col. (i) organized in the U.S.?		(vii) Amount of support?
(i) Name of supported organization	(ii) EIN	Yes	No	Yes	No	Yes	No	(vii) Amount of support?


Total

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2010

Page 2

Part II

Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(a) 2006	(b) 2007	(c) 2008	(d) 2009	(e) 2010	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....	4,764	7,030	4,724	8,603	22,019	47,140
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3..	4,764	7,030	4,724	8,603	22,019	47,140
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6	Public Support. Subtract line 5 from line 4.						47,140

Section B. Total Support

Calendar year(or fiscal year beginning in)		(a) 2006	(b) 2007	(c) 2008	(d) 2009	(e) 2010	(f) Total
7	Amounts from line 4..	4,764	7,030	4,724	8,603	22,019	47,140
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..	11,673	12,553	14,620	10,344	16,704	65,894
9	Net income from unrelated business activities, whether or not the business is regularly carried on..
10	Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..	3,802	5,542	6,641	8,382	12,110	36,477
11	Total support (Add lines 7 through 10).						149,511

Gross receipts from related activities, etc. (See instructions.) ..................

First Five Years If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.......................................... right arrow

Section C. Computation of Public Support Percentage

Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f)) .........

31.530 %

Public Support Percentage for 2009 Schedule A, Part II, line 14 ...............

60.290 %

16a

33 1/3% support test—2010. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ...................... right arrow

33 1/3% support test—2009. If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2010. If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization .................................................. right arrow

10%-facts-and-circumstances test—2009. If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly
supported organization .............................................. right arrow

Private Foundation If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions ................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2010

Page 3

Part III

Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year(or fiscal year beginning in)		(a) 2006	(b) 2007	(c) 2008	(d) 2009	(e) 2010	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513..
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public Support (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2006	(b) 2007	(c) 2008	(d) 2009	(e) 2010	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13	Total support (Add lines 9, 10c, 11 and 12.).

Section C. Computation of Public Support Percentage

Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f)) .........

Public support percentage from 2009 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f)) ......

Investment income percentage from 2009 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests—2010. If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .......... right arrow

33 1/3% support tests—2009. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private Foundation If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions ..... right arrow

Schedule A (Form 990 or 990-EZ) 2010

Page 4

Part IV

Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Explanation

Schedule A (Form 990 or 990-EZ) 2010

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2010

Open to Public
Inspection

Name of the organization

MONTICELLO FOUNDATION INC

Employer identification number

39-1806015

Identifier	Return Reference	Explanation
OTHER REVENUE	FORM 990-EZ, PART I, LINE 8	DESCRIPTION: PRIMEVEST-INTEREST. AMOUNT: 1,041. DESCRIPTION: PRIMEVEST-DIVIDENDS. AMOUNT: 12,015. DESCRIPTION: PRIMEVEST CAP GAINS. AMOUNT: 3,055. DESCRIPTION: BANK OF MONTICELLO CD INTEREST #45118. AMOUNT: 85. DESCRIPTION: BANK OF MONTICELLO CD INTEREST #56500 . AMOUNT: 508. DESCRIPTION: SWEENY SCHOLARSHIP NOT COLLECTED. AMOUNT: 600. DESCRIPTION: PRIMEVEST MM INT. AMOUNT: 8. TOTAL TO FORM 990-EZ, LINE 8: 17,312.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: KENNETH SWANN. GRANTEE ADDRESS: 563 S. MAIN ST. MONTICELLO, WI 53570. AMOUNT GIVEN: 1,500.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: TAYLOR PFEUTI. GRANTEE ADDRESS: N3526 AEBLY RD MONROE, WI 53566. AMOUNT GIVEN: 1,500.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: COREY MC GOWAN. GRANTEE ADDRESS: W5385 HEFTY RD MONTICELLO, WI 53570. AMOUNT GIVEN: 1,500.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: TAYLOR KLITZKE. GRANTEE ADDRESS: 334 S. MAIN ST. MONTICELLO, WI 53570. AMOUNT GIVEN: 1,500.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: SARA SILVER. GRANTEE ADDRESS: N6585 SILVER ROAD MONTICELLO, WI 53570. AMOUNT GIVEN: 1,750.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: JOSHUA LOVE. GRANTEE ADDRESS: N6822 FIELD WOOD CT MONTICELLO, WI 53570. AMOUNT GIVEN: 1,500.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: TYLER RITSCHARD. GRANTEE ADDRESS: N5797 FAIRVIEW RD MONTICELLO, WI 53570. AMOUNT GIVEN: 1,500.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: COLE HENNING. GRANTEE ADDRESS: 532 S. MAIN MONTICELLO, WI 53570. AMOUNT GIVEN: 1,750.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: JUSTINE ATKINSON. GRANTEE ADDRESS: 706 JOHNSON ST. MONTICELLO, WI 53570. AMOUNT GIVEN: 1,500.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: RAVEN FOULKER. GRANTEE ADDRESS: 720 E. COATES AVE. MONTICELLO, WI 53570. AMOUNT GIVEN: 1,500.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: COURTNEY ERB. GRANTEE ADDRESS: W5336 FAIRVIEW RD MONTICELLO, WI 53570. AMOUNT GIVEN: 1,750.
GRANTS AND SIMILAR AMOUNTS PAID	FORM 990-EZ, PART I, LINE 10	ACTIVITY CLASSIFICATION: SCHOLARSHIP. GRANTEE NAME: KATIE MARTI. GRANTEE ADDRESS: 302 S. EAST ST. ALBANY, WI 53502. AMOUNT GIVEN: 1,750. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 19,000.
OTHER EXPENSES	FORM 990-EZ, PART I, LINE 16	DESCRIPTION: LICENSE. AMOUNT: 10. DESCRIPTION: ADVERTISING. AMOUNT: 50. DESCRIPTION: MISC.. AMOUNT: 40. TOTAL TO FORM 990-EZ, LINE 16: 100.
OTHER ASSETS	FORM 990-EZ, PART II, LINE 24	DESCRIPTION: CD- BANK OF MONTICELLO #45118. BEG. OF YEAR AMOUNT: 8,683. END OF YEAR AMOUNT: 4,292. DESCRIPTION: CD- LEHMAN BROS. BEG. OF YEAR AMOUNT: 25,000. END OF YEAR AMOUNT: 0. DESCRIPTION: 500 SHS WALGREEN. BEG. OF YEAR AMOUNT: 18,335. END OF YEAR AMOUNT: 18,335. DESCRIPTION: 363 SHS ALLIANCE BER UTILITY INC. BEG. OF YEAR AMOUNT: 6,220. END OF YEAR AMOUNT: 6,220. DESCRIPTION: 755 SHS DTE. BEG. OF YEAR AMOUNT: 26,419. END OF YEAR AMOUNT: 26,419. DESCRIPTION: 10 SHS WW GRAINGER (10/17/10). BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,220. DESCRIPTION: 400 SHS SPDR DIVIDEND. BEG. OF YEAR AMOUNT: 22,666. END OF YEAR AMOUNT: 22,666. DESCRIPTION: 729 SHS PEPSICO. BEG. OF YEAR AMOUNT: 43,310. END OF YEAR AMOUNT: 43,310. DESCRIPTION: 500 SHS HERSHEY. BEG. OF YEAR AMOUNT: 27,200. END OF YEAR AMOUNT: 27,200. DESCRIPTION: 500 SHS EXXON. BEG. OF YEAR AMOUNT: 28,800. END OF YEAR AMOUNT: 28,800. DESCRIPTION: 32 SHS SMUCKERS. BEG. OF YEAR AMOUNT: 1,419. END OF YEAR AMOUNT: 1,419. DESCRIPTION: ING GNMA INC A. BEG. OF YEAR AMOUNT: 10,000. END OF YEAR AMOUNT: 10,000. DESCRIPTION: ING INT BOND. BEG. OF YEAR AMOUNT: 10,258. END OF YEAR AMOUNT: 10,258. DESCRIPTION: ING SENIOR INC. BEG. OF YEAR AMOUNT: 10,016. END OF YEAR AMOUNT: 10,016. DESCRIPTION: 380 SHS US BANCORP. BEG. OF YEAR AMOUNT: 13,159. END OF YEAR AMOUNT: 13,159. DESCRIPTION: PRIME VEST M.M.. BEG. OF YEAR AMOUNT: 3,692. END OF YEAR AMOUNT: 1,801. DESCRIPTION: PIMCO TOTAL RETURN A. BEG. OF YEAR AMOUNT: 60,000. END OF YEAR AMOUNT: 85,000. DESCRIPTION: I SHARES BANCLAYS TIPS BOND. BEG. OF YEAR AMOUNT: 14,936. END OF YEAR AMOUNT: 29,841. DESCRIPTION: 130 SHS WI ENERGY CORP. BEG. OF YEAR AMOUNT: 2,574. END OF YEAR AMOUNT: 2,574. DESCRIPTION: BANK OF MONTICELLO CD# 56500. BEG. OF YEAR AMOUNT: 15,491. END OF YEAR AMOUNT: 15,999. DESCRIPTION: 500 SHS KRAFT FOODS. BEG. OF YEAR AMOUNT: 14,030. END OF YEAR AMOUNT: 14,030. DESCRIPTION: 160 SHS BOEING. BEG. OF YEAR AMOUNT: 10,681. END OF YEAR AMOUNT: 10,681. DESCRIPTION: 150 SHS KIMBERLY CLARK. BEG. OF YEAR AMOUNT: 9,577. END OF YEAR AMOUNT: 9,577. DESCRIPTION: 470 SHS WI ENERGY CORP. BEG. OF YEAR AMOUNT: 11,975. END OF YEAR AMOUNT: 11,975. DESCRIPTION: 150 SHS KIMBERLY CLARK (8/9/10). BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 9,953. DESCRIPTION: 300 SHS KRAFT FOODS (8/9/10). BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 9,071.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2010

Additional Data

Software ID:
Software Version:

- TIN:

TY 2010 TransferPrsnlBnftContractsDecl

Name:

MONTICELLO FOUNDATION INC

EIN: 39-1806015

Declaration:

THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.