TY 2011 Form 990PF

- TIN:

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

2011

For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011

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

Amended returnAddress changeName change

Name of foundation
ST RITA DA CASCIA FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2498 Room/suite

City or town, state, and ZIP code
MCALLEN, TX78502

A Employer identification number

26-0104160

B Telephone number (see page 10 of the instructions)

(956) 668-8212

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

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

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

$55,346J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check
3	Interest on savings and temporary cash investments	25		25	25
4	Dividends and interest from securities......	3		3	3
5a	Gross rents..............
b	Net rental income or (loss) -1,365
6a	Net gain or (loss) from sale of assets not on line 10		-86,299
b	Gross sales price for all assets on line 6a 7,204,895
7	Capital gain net income (from Part IV, line 2)...
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).......		1,919	1,522	1,919
12	Total. Add lines 1 through 11........	-84,352		1,550	1,947
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		269
b	Accounting fees (attach schedule).......		1,505
c	Other professional fees (attach schedule)....
17	Interest...............	257		257
18	Taxes (attach schedule) (see page 14 of the instructions)
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	1,365		1,365	1,365
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		182
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	3,578		1,622	1,365	0
25	Contributions, gifts, grants paid........	153,950				153,950
26	Total expenses and disbursements. Add lines 24 and 25	157,528		1,622	1,365	153,950
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-241,880
b	Net investment income (if negative, enter -0-)			0
c	Adjusted net income (if negative, enter -0-)...				582

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

Cat. No. 11289X Form 990-PF (2011)

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	8,546	-8,591	-8,591
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	76,992
	b	Investments—corporate stock (attach schedule)........	23,191	18,896	18,016
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	195,524	45,921	45,921
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	304,253	56,226	55,346
	17	Accounts payable and accrued expenses..........	500	650
	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 )	6,297
	23	Total liabilities (add lines 17 through 22)..........	6,797	650
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................	297,456	55,576
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	297,456	55,576
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	304,253	56,226

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	297,456
2	Enter amount from Part I, line 27a.....................	2	-241,880
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	55,576
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	55,576

Form 990-PF (2011)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	CALL AAPL 04/16/11 350	P	2011-01-06	2010-12-14
b	PUT AMZN 01/28/11 160	P	2011-01-28	2011-01-25
c	CALL BP 04/16/11 50 BP P L C	P	2011-04-06	2011-02-09
d	PUT AMZN 03/19/11 165	P	2011-03-04	2011-03-01
e	PUT AAPL 03/19/11 345 APPLE	P	2011-03-17	2011-03-10
	PUT GOOG 03/19/11 565	P	2011-03-11	2011-03-15
	CALL GOOG 03/25/11 580	P	2011-03-24	2011-03-18
	PUT GOOG 03/25/11 565	P	2011-03-18	2011-03-24
	CALL AAPL 05/21/11 365	P	2011-05-13	2011-04-04
	CALL WYNN 04/16/11 140	P	2011-03-29	2011-04-15
	PUT GS 04/29/11 145	P	2011-04-27	2011-04-28
	PUT WYNN 05/21/11 145	P	2011-05-17	2011-05-12
	CALL AAPL 06/18/11 355	P	2011-05-16	2011-06-07
	PUT WYNN 08/20/11 130	P	2011-07-07	2011-06-27
	CALL WYNN 07/16/11 145	P	2011-06-09	2011-07-08
	PUT AAPL 07/22111 370 APPLE	P	2011-07-20	2011-07-21
	UNITED STATES TREASURY	P	2011-06-16	2011-08-22
	CALL WYNN 11/19/11 155	P	2011-11-07	2011-10-10
	CALL AAPL 04/16/11 400	P	2011-01-18	2011-01-06
	PUT CAT 02/19/11 90	P	2011-02-14	2011-01-25
	CALL CAT 02/19/11 105	P	2011-01-25	2011-02-14
	PUT GOOG 03/04/11 590	P	2011-03-04	2011-03-01
	CALL GOOG 03/19/11 580	P	2011-03-15	2011-03-11
	PUT POT 03/19/11 55 POTASH	P	2011-03-17	2011-03-15
	PUT GOOG 03/19/11 565	P	2011-03-11	2011-03-18
	PUT GOOG 04/01/11 570	P	2011-03-31	2011-03-24
	PUT AAPL 04/16/11 340 APPLE	P	2011-03-15	2011-04-04
	CALL WYNN 05/21/11 140	P	2011-05-11	2011-04-15
	PUT GS 05/06/11 150	P	2011-05-06	2011-04-28
	CALL AAPL 05/21/11 370	P	2011-04-04	2011-05-13
	CALL AAPL 07/16/11 355	P	2011-06-20	2011-06-07
	CALL MPL 07/16/11 350	P	2011-07-07	2011-06-28
	CALL WYNN 08/20/11 140	P	2011-08-04	2011-07-08
	PUT AAPL 08/20/11 390 APPLE	P	2011-07-26	2011-07-21
	CALL AAPL 09/17/11 415	P	2011-08-15	2011-09-06
	PUT WYNN 10/22/11 145	P	2011-09-12	2011-10-10
	CALL AAPL 04/16/11 400	P	2011-01-26	2011-01-06
	CALL AAPL 02/19/11 365	P	2011-02-08	2011-01-26
	PUT POT 02/19/11 185	P	2011-02-18	2011-02-14
	PUT LVS 03/04/11 43 LAS	P	2011-03-07	2011-03-01
	CALL GOOG 03/19/11 580	P	2011-03-18	2011-03-11
	PUT POT 03/19/11 55 POTASH	P	2011-03-18	2011-03-15
	PUT GOOG 03/25/11 570	P	2011-03-24	2011-03-18
	CALL AAPL 04/01/11 350	P		2011-03-25
	PUT AAPL 04/16/11 340 APPLE	P	2011-03-29	2011-04-04
	GOOGLE INC CL A	P	2011-04-15	2011-04-15
	UNITED STATES TREASURY	P	2011-03-16	2011-05-03
	PUT AMZN 05/21/11 175	P	2011-05-04	2011-05-13
	PUT AAPL 06/18/11 330 APPLE	P	2011-05-16	2011-06-07
	PUT AAPL 07/16/11 330 APPLE	P	2011-06-07	2011-06-28
	PUT AAPL 07/16/11 350 APPLE	P	2011-07-14	2011-07-08
	CALL AAPL 08/20/11 410	P	2011-07-21	2011-07-26
	PUT AAPL 09/17/11 395 APPLE	P	2011-08-15	2011-09-09
	PUT WYNN 11/19/11 140	P	2011-11-11	2011-10-10
	CALL MPL 01/22/11 370	P	2011-01-18	2011-01-10
	CALL AAPL 04/16/11 300	P	2010-12-14	2011-01-26
	PUT POT 02/25/11 180	P	2011-02-22	2011-02-17
	CALL CAT 03/19/11 110	P	2011-03-15	2011-03-03
	GOOGLE INC CL A	P	2011-03-11	2011-03-11
	PUT POT 03/19/11 56.67	P	2011-02-22	2011-03-15
	PUT POT 04/16/11 53.33	P	2011-04-04	2011-03-18
	CALL AAPL 04/01/11 355	P	2011-03-24	2011-03-29
	PUT AAPL 05/21/11 340 APPLE	P	2011-05-16	2011-04-04
	PUT WYNN 0521/11 125	P	2011-05-06	2011-04-15
	CALL AMZN 05/06/11 205	P	2011-04-28	2011-05-04
	CALL AAPL 06/18/11 350	P	2011-06-07	2011-05-16
	PUT AAPL 07/16/11 335 APPLE	P	2011-06-28	2011-06-07
	PUT MPL 07/16/11 330 APPLE	P	2011-07-06	2011-06-28
	CALL AAPL 07/16/11 365	P	2011-07-07	2011-07-14
	CALL MPL 08/20/11 415	P	2011-08-04	2011-07-26
	PUT GLD 1022/11 190 SPDR	P	2011-10-03	2011-09-09
	PUT GLD 10/22/11 175 SPDR	P	2011-10-03	2011-10-19
	PUT AAPL 01/22/11 325 APPLE	P	2011-01-18	2011-01-10
	CALL AMZN 01/28/11 185	P	2011-01-28	2011-01-27
	PUT POT 02/19/11 180	P	2011-02-14	2011-02-18
	CALL GOOG 03/11/11 620	P	2011-03-09	2011-03-04
	PUT GOOG 03/11/11 585	P	2011-03-04	2011-03-11
	CALL AAPL 03/19/11 370	P		2011-03-16
	CALL CAT 03/19/11 115	P	2011-03-03	2011-03-21
	CALL AAPL 04/16/11 360	P	2011-04-04	2011-03-29
	PUT POT 04/16/11 51.67	P	2011-03-17	2011-04-04
	CALL GOOG 04/16/11 600	P	2011-04-01	2011-04-18
	CALL AMZN 05/21/11 205	P	2011-05-16	2011-05-04
	CALL AMZN 05/21/11 210	P	2011-05-04	2011-05-16
	CALL WYNN 07/16/11 140	P	2011-06-27	2011-06-09
	PUT WYNN 07/16/11 130	P	2011-06-09	2011-06-28
	CALL AAPL 07/22/11 380	P	2011-07-20	2011-07-14
	PUT AAPL 08/20/11385 APPLE	P	2011-07-21	2011-07-26
	CALL WYNN 09/17/11 165	P	2011-08-11	2011-09-12
	SPDR GOLD TR GOLD SHS	P	2011-10-18	2011-10-19
	PUT LVS 02/19/11 44 LAS	P	2011-02-16	2011-01-11
	PUT AMZN 01/28/11 175	P	2011-01-31	2011-01-27
	PUT POT 02/25/11 180	P	2011-02-22	2011-02-18
	PUT AMZN 03/19/11 170	P	2011-03-01	2011-03-04
	PUT GOOG 03/19/11 570	P	2011-03-15	2011-03-11
	CALL AAPL 07/16/11 370	P	2011-07-05	2011-03-16
	CALL GOOG 03/19/11 585	P	2011-03-11	2011-03-21
	CALL AAPL 04/16/11 375	P	2011-03-15	2011-03-29
	PUT POT 04/16/11 51.67	P	2011-03-18	2011-04-04
	PUT GOOG 04/16/11 560	P	2011-04-05	2011-04-18
	PUT AMZN 05/21/11 180	P	2011-05-13	2011-05-04
	PUT AAPL 05/21/11 335 APPLE	P	2011-04-04	2011-05-16
	CALL WYNN 07/16/11 140	P	2011-07-08	2011-06-09
	PUT WYNN 08/20/11 130	P	2011-07-07	2011-06-28
	CALL AAPL 07/22/11 380	P	2011-07-20	2011-07-14
	PUT MPL 08/20/11 400 APPLE	P	2011-08-15	2011-07-26
	CALL WYNN 10/22/11 160	P	2011-09-30	2011-09-12
	SPDR GOLD TR GOLD SHS	P	2011-10-21	2011-10-21
	CALL AAPL 01/22/11 375	P	2011-01-10	2011-01-18
	CALL AMZN 01/28/11 195	P	2011-01-25	2011-01-28
	CALL. POT 03/19/11 63.33	P	2011-03-09	2011-02-22
	PUT GOOG 03/11/11 590	P	2011-03-14	2011-03-04
	PUT GOOG 03/19/11 570	P	2011-03-18	2011-03-11
	CALL AAPL 03/25/11 350	P	2011-03-24	2011-03-17
	PUT CAT 03/19/11 90	P	2011-02-03	2011-03-21
	CALL WYNN 04/16/11 135	P	2011-04-15	2011-03-29
	PUT GOOG 04/16/11 565	P	2011-04-18	2011-04-05
	PUT WYNN 04/16/11 120	P	2011-04-12	2011-04-18
	CALL AMZN 05/06/11205	P	2011-04-28	2011-05-06
	PUT AAPL 06/18/11 335 APPLE	P	2011-06-07	2011-05-16
	PUT WYNN 06/18/11 135	P	2011-05-17	2011-06-09
	CALL AAPL 07/16/11 335	P	2011-03-16	2011-07-05
	PUT AAPL 07/16/11 345 APPLE	P	2011-07-08	2011-07-14
	CALL AAPL 08/20/11 420	P	2011-07-26	2011-08-04
	PUT WYNN 09/17/11 150	P	2011-08-11	2011-09-12
	PUT GLD 10/22/11 175 SPDR	P	2011-10-03	2011-10-24
	CALL AAPL 04/16/11 300	P	2010-12-14	2011-01-18
	CALL AMZN 02/04/11 185	P	2011-01-27	2011-01-28
	PUT CAT 02/19/11 85	P	2011-01-25	2011-02-22
	CALL GOOG 03/04/11 625	P	2011-03-01	2011-03-07
	CALL AAPL 03/19/11 365	P	2011-03-15	2011-03-14
	PUT AAPL 03/19/11 340 APPLE	P	2011-03-10	2011-03-17
	PUT POT 03/19/11 53.33	P	2011-03-15	2011-03-21
	PUT AAPL 04/01/11 340 APPLE	P	2011-03-24	2011-03-29
	PUT GOOG 04/16/11 585	P	2011-04-10	2011-04-05
	CALL GLD 07/16/11 155 SPOR	P	2011-06-16	2011-04-19
	PUT GS 05/06/11 145	P	2011-04-28	2011-05-06
	CALL WYNN 05/21/11 150	P	2011-05-11	2011-05-17
	PUT WYNN 07/16/11 135	P	2011-06-27	2011-06-09
	PUT AAPL 07/16/11 325 APPLE	P	2011-06-28	2011-07-06
	PUT AAPL 07/22/11 350 APPLE	P	2011-07-20	2011-07-14
	CALL WYNN 08/20/11 145	P	2011-07-08	2011-08-04
	PUT WYNN 10/22/11 150	P	2011-10-10	2011-09-12
	CALL WYNN 11/19/11 160	P	2011-10-10	2011-11-07
	PUT AAPL 01/22/11 320 APPLE	P	2011-01-10	2011-01-18
	PUT AMZN 01/28/11 155	P	2011-01-25	2011-01-28
	PUT LVS 02/19/11 41 LAS	P	2011-01-11	2011-02-22
	CALL LVS 03/04/11 50 LAS	P	2011-03-01	2011-03-07
	CALL GOOG 03/11/11 625	P	2011-03-04	2011-03-14
	PUT AAPL 03/19/11 340 APPLE	P	2011-03-14	2011-03-17
	CALL AAPL 03/25/11 355	P	2011-03-18	2011-03-24
	PUT AAPL 04/16/11 345 APPLE	P	2011-04-04	2011-03-29
	CALL BP 04/16/11 46 BP P L C	P	2011-02-09	2011-04-06
	CALL AMZN 04/29/11 195	P	2011-04-28	2011-04-27
	PUT GS 05/13/11 150	P	2011-05-11	2011-05-06
	CALL WYNN 06/18/11 145	P	2011-06-02	2011-05-17
	PUT WYNN 07/16/11 135	P	2011-06-28	2011-06-09
	CALL AAPL 07/16/11 355	P	2011-06-28	2011-07-07
	CALL AAPL 07/22/11 385	P	2011-07-14	2011-07-20
	CALL WYNN 08/20/11 165	P	2011-07-07	2011-08-04
	BP PRUDHOE BAY ROYALTY	P	2011-04-12	2011-09-15
	PUT WYNN 11/19/11 135	P	2011-10-10	2011-11-11
	PUT AAPL 02/19/11 320 APPLE	P	2011-02-08	2011-01-18
	PUT AMZN 02/04/11 175	P	2011-01-27	2011-01-28
	PUT POT 02/25/11 175	P	2011-02-17	2011-02-22
	PUT AAPL 03/11/11 345 APPLE	P	2011-03-10	2011-03-07
	PUT AAPL 03/19/11 325 APPLE	P	2011-02-08	2011-03-14
	PUT AAPL 03/25/11 345 APPLE	P	2011-03-24	2011-03-17
	CALL AAPL 04/01/11 350	P	2011-04-01	2011-03-24
	PUT GOOG 04/01/11 565	P	2011-03-24	2011-03-31
	PUT WYNN 04/16/11 110	P	2011-03-17	2011-04-07
	CALL GS 04/29/11 155	P	2011-04-28	2011-04-27
	PUT WYNN 05/21/11 120	P	2011-04-15	2011-05-06
	PUT WYNN 05/21/11 140	P	2011-05-12	2011-05-17
	CALL GLD 07/16/11 140 SPDR	P	2011-04-19	2011-06-16
	CALL MPL 07/16/11 360	P	2011-07-14	2011-07-07
	CALL AAPL 07/22/11 385	P	2011-07-14	2011-07-20
	CALL WYNN 09/17/11 160	P	2011-09-12	2011-08-11
	CALL WYNN 10/22/11 165	P	2011-09-12	2011-09-30
	CALL AAPL 03/19/11 370	P	2011-03-15
	CALL HPQ 01/2/1140	P	2010-08-18	2011-01-19
	AMAZON.COM INC	P	2011-01-28	2011-01-28
	PUT POT 02/25/11 175	P	2011-02-18	2011-02-22
	PUT GOOG 03/04/11 585	P	2011-03-01	2011-03-07
	PUT AAPL 03/19/11 340 APPLE	P	2011-02-25	2011-03-14
	PUT POT 03/19/11 53.33	P	2011-03-15	2011-03-17
	CALL GOOG 03/25/11 585	P	2011-03-18	2011-03-24
	CALL AAPL 04/01/11 355	P	2011-03-24	2011-04-01
	CALL GOOG 04/16/11 595	P	2011-04-18	2011-04-10
	PUT GS 04/29/11 150	P	2011-04-28	2011-04-27
	CALL GOOG 05/21/11 540	P	2011-04-15	2011-05-10
	PUT WYNN 06/18/11 140	P	2011-06-09	2011-05-17
	CALL AAPL 07/16/11 360	P	2011-06-07	2011-06-20
	CALL WYNN 08/20/11 150	P	2011-06-27	2011-07-07
	CALL AAPL 07/22/11 405	P	2011-07-21	2011-07-20
	PUT WYNN 08/20/11 150	P	2011-07-07	2011-08-11
	PUT GLD 10/22/11 180 SPDR	P	2011-10-19	2011-10-03
	CALL AAPL 04/01/11 350	P	2011-03-29
	PUT GOOG 01/22/11 595	P	2011-01-24	2011-01-19
	PUT CAT 03/19/11 95	P	2011-03-17	2011-02-03
	PUT POT 03/19111 58.33	P	2011-03-15	2011-02-22
	PUT LVS 03/04/11 40 LAS	P	2011-03-01	2011-03-07
	PUT AAPL 03/19/11 345 APPLE	P	2011-03-17	2011-03-14
	PUT POT 04/16/11 53.33	P	2011-04-01	2011-03-17
	CALL GOOG 04/01/11 585	P	2011-04-01	2011-03-24
	CALL GOOG 04/01/11 590	P	2011-03-24	2011-04-01
	PUT GOOG 04/16/11 590	P	2011-04-05	2011-04-10
	CALL AMZN 04/29/11 200	P	2011-04-27	2011-04-28
	CALL WYNN 05/21/11 145	P	2011-04-15	2011-05-11
	GOLDMAN SACHS GROUP	P	2011-05-20	2011-05-20
	CALL WYNN 06/18/11 152	P	2011-06-02	2011-06-20
	CALL WYNN 08/20/11 160	P	2011-08-04	2011-07-07
	PUT AAPL 07/22/11 345 APPLE	P	2011-07-14	2011-07-20
	PUT WYNN 09/17/11 155	P	2011-09-12	2011-08-11
	PUT GLD 10/22/11 180 SPOR	P	2011-10-24	2011-10-03
	ROUNDING DIFFERENCE	P
	GOOGLE INC EXP 01/22/11	P	2011-01-19	2011-01-24
	CALL AAPL 02/19/11 370	P	2011-01-26	2011-02-08
	CALL AAPL 03/19/11 370	P		2011-02-25
	PUT WYNN 03/19/11 120	P	2011-03-17	2011-03-07
	CALL AAPL 04/16/11 370	P	2011-03-29	2011-03-15
	PUT POT 04/16/11 53.33	P	2011-04-04	2011-03-17
	PUT AAPL 03/25/11 340 APPLE	P	2011-03-17	2011-03-24
	PUT AAPL 04/01/11 340 APPLE	P	2011-03-24	2011-04-01
	PUT VVYNN 04/16/11 125	P	2011-04-15	2011-04-12
	CALL AMZN 05/06/11 200	P	2011-05-06	2011-04-28
	CALL WYNN 05/21/11 145	P	2011-05-17	2011-05-11
	PUT GS 05/21/11 145	P	2011-05-11	2011-05-23
	CALL WYNN 07/16/11 145	P	2011-06-09	2011-06-27
	PUT WYNN 08/20/11 125	P	2011-06-27	2011-07-07
	PUT AAPL 07/22111 375 APPLE	P	2011-07-21	2011-07-20
	CALL AAPL 09/17/11 410	P	2011-09-06	2011-08-15
	PUT GLD 10/22/11 185 SPDR	P	2011-09-09	2011-10-03
	CALL AMZN 01/28/11 190	P	2011-01-28	2011-01-25
	PUT AAPL 02/19/11 315 APPLE	P	2011-01-18	2011-02-08
	CALL GOOG 03/04/11 620	P	2011-03-04	2011-03-01
	CALL POT 03/19/11 65	P	2011-02-22	2011-03-09
	CALL GOOG 03/19/11 585	P	2011-03-11	2011-03-15
	PUT WYNN 03/19/11 117	P	2011-03-07	2011-03-17
	PUT AAPL 04/01/11 345 APPLE	P	2011-03-29	2011-03-24
	PUT POT 04/16/11 51.67	P	2011-03-17	2011-04-01
	UNITED STATES TREASURY	P	2011-03-16	2011-04-13
	CALL AMZN 05/06/11200	P	2011-05-04	2011-04-28
	PUT GS 05/13/11 145	P	2011-05-06	2011-05-11
	CALL WYNN 06/18/11 147	P	2011-06-15	2011-06-02
	CALL WYNN 08/20/11 145	P	2011-07-07	2011-06-27
	PUT WYNN 08/20/11 125	P	2011-06-28	2011-07-07
	CALL AAPL 08/2011 1405	P	2011-07-26	2011-07-21
	PUT AAPL 09/17/11 400 APPLE	P	2011-09-09	2011-08-15
	BP PRUDHOE BAY ROYALTY	P	2011-04-12	2011-10-05
	CALL CAT 02/19/11 100	P	2011-02-14	2011-01-25
	PUT AAPL 03/19/11 330 APPLE	P	2011-03-14	2011-02-08
	CALL LVS 03/04/11 47 LAS	P	2011-03-07	2011-03-01
	PUT AAPL 03/11/11 340 APPLE	P	2011-03-07	2011-03-10
	PUT AAPL 04/16/11 345 APPLE	P	2011-04-04	2011-03-15
	PUT WYNN 04/16/11 115	P	2011-04-07	2011-03-17
	PUT AAPL 04/01/11 345 APPLE	P	2011-04-01	2011-03-24
	CALL AAPL 04/16/11 365	P	2011-03-29	2011-04-04
	CALL GOOG 05/21/11 560	P	2011-05-10	2011-04-15
	CALL GS 04/29/11 160	P	2011-04-27	2011-04-28
	PUT GS 05/21/11 150	P	2011-05-23	2011-05-11
	CALL WYNN 06/18/11 150	P	2011-05-17	2011-06-02
	PUT WYNN 07/16/11 130	P	2011-06-09	2011-06-27
	PUT WYNN 08/20/11 155	P	2011-08-11	2011-07-07
	CALL MPL 07/22/11 410	P	2011-07-20	2011-07-21
	PUT MPL 08/20/11 395 APPLE	P	2011-07-26	2011-08-15
	BP PRUDHOE BAY ROYALTY	P	2011-08-22	2011-10-05

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	6,297	7,005	-708
b	2,866	204	2,662
c	2,396	284	2,112
d	6,196	5,429	767
e	14,096	17,271	-3,175
	7,799	5,212	2,587
	2,687	6,136	-3,449
	44	8,653	-8,609
	20,867	395	20,472
	204	1,129	-925
	46	221	-175
	4,796	10,904	-6,108
	1,093	9,732	-8,639
	8,046	1,656	6,390
	19,175	2,424	16,751
	93	641	-548
	49,997	49,996	1
	11,571	196	11,375
	304	368	-64
	3,406	129	3,277
	1,015	454	561
	4,054	42	4,012
	7,528	1,948	5,580
	17,647	3,903	13,744
	1,667	4,811	-3,144
	3,164	268	2,896
	7,487	12,967	-5,480
	12,806	23,904	-11,098
	4,171	873	3,298
	159	16,753	-16,594
	9,767	1,553	8,214
	6,047	35,890	-29,843
	27,214	9,745	17,469
	78,733	46,466	32,267
	1,542	23,606	-22,064
	24,704	23,398	1,306
	1,217	1,010	207
	4,393	2,846	1,547
	1,962	1,513	449
	696		696
	6,949	73	6,876
	17,647	3,831	13,816
	11,507	256	11,251
	8,436		8,436
	14,397	11,898	2,499
	671,971	678,016	-6,045
	11,996	11,999	-3
	104	556	-452
	13,075	30,062	-16,987
	15,551	31,542	-15,991
	7,567	755	6,812
	51,533	24,866	26,667
	92,949	157,606	-64,657
	31,710	38,504	-6,794
	2,897	1,772	1,125
	19,902	14,508	5,394
	3,721	12,277	-8,556
	821	104	717
	1,446,200	1,475,023	-28,823
	76,101	20,054	56,047
	8,378	366	8,012
	2,852	1,834	1,018
	55,120	27,212	27,908
	5,413	648	4,765
	248	449	-201
	13,827	2,318	11,509
	39,993	22,833	17,160
	15,547	1,554	13,993
	1,616	7,087	-5,471
	39,134	10,934	28,200
	108,732	230,946	-122,214
		22,212	-22,212
	7,337	5,551	1,786
	6,422	69	6,353
	21	720	-699
	2,847	148	2,699
	17,477	4,211	13,266
	153		153
		154	-154
	13,554	2,617	10,937
	40	1,951	-1,911
		14,532	-14,532
	2,156	364	1,792
	116	1,180	-1,064
	4,513	2,536	1,977
	1,583	5,093	-3,510
	7,035	39,844	-32,809
	34,334	61,266	-26,932
	477	4,555	-4,078
	262,476	241,082	21,394
	3,421	67	3,354
	7,451		7,451
	3,421	12,277	-8,856
	9,896	10,779	-883
	7,008	11,478	-4,470
	6,524	184	6,340
		4,691	-4,691
	1,009	3,077	-2,068
	119	6,001	-5,882
		14,703	-14,703
	896	208	688
	15,157	46,849	-31,692
	4,165	25,141	-20,976
	5,748	1,529	4,219
	7,035	39,844	-32,809
	78,733	128,006	-49,273
	14,477	898	13,579
	1,137,374	1,044,709	92,665
	1,089	2,022	-933
	8	1,683	-1,675
	13,695	1,750	11,945
	5,677		5,677
	6,469	4,693	1,776
	10,008	659	9,349
		2,054	-2,054
	2,471	6,267	-3,796
	17,328		17,328
		417	-417
	9	487	-478
	37,957	21,364	16,593
	7,602	8,404	-802
	7,376	13,862	-6,486
	222	4,213	-3,991
	6,858	29,266	-22,408
	11,977	37,504	-25,527
		96,253	-96,253
	4,780	3,627	1,153
	296	8,626	-8,330
		1,273	-1,273
		832	-832
	1,975	761	1,214
	7,854	9,654	-1,800
		10,303	-10,303
	2,277	11,271	-8,994
	31,106	14,845	16,261
	1,546	719	827
	21	1,125	-1,104
	471	6,029	-5,558
	8,256	5,734	2,522
	908	10,863	-9,955
	15,523	255	15,268
	6,059	22,321	-16,262
	28,726	33,838	-5,112
	71	8,387	-8,316
	3,462	5,078	-1,616
	30	1,624	-1,594
		1,904	-1,904
		29	-29
		1,773	-1,773
	7,854	2,039	5,815
	56	5,192	-5,136
	15,702	21,171	-5,469
	5,006	8,004	-2,998
	3,011	1,772	1,239
	4,402	6,229	-1,827
	10,721	8,963	1,758
	7,621	3,229	4,392
	22,086	3,415	18,671
	25,086	4,940	20,146
	545	6,644	-6,099
	19,826	20,659	-833
	26,495	26,036	459
	13,189	529	12,660
	11,959	9,670	2,289
	5,723	1,654	4,069
	5,414	5,904	-490
	457	5,233	-4,776
	49,457	21,292	28,165
		130	-130
	116	2,236	-2,120
	113	6,269	-6,156
	800	222	578
	352	3,596	-3,244
	3,971	1,929	2,042
	9,211	7,944	1,267
	12,663	7,357	5,306
	25,086	4,940	20,146
	6,603	1,648	4,955
	477	10,523	-10,046
		988	-988
	7,424	5,056	2,368
	340,089	352,004	-11,915
	5,723	1,479	4,244
		2,940	-2,940
	30	1,204	-1,174
	896	10,303	-9,407
	2,804	1,741	1,063
	7	1,834	-1,827
	17,387		17,387
	938	1,708	-770
	4,902	9,196	-4,294
	12,721	16,048	-3,327
	1,031	6,827	-5,796
	16,691	2,978	13,713
	1,449	261	1,188
	26,620	12,782	13,838
	28,937	28,937
		7,773	-7,773
	6,471		6,471
	4,321	129	4,192
	29,195	100,414	-71,219
		104	-104
	3,308	17,271	-13,963
	10,557	659	9,898
	7,664	10,334	-2,670
	4,549	5,176	-627
	17,580	35,296	-17,716
	248	840	-592
	13,224	8,483	4,741
	362,464	375,029	-12,565
		2,921	-2,921
	9,216	1,093	8,123
	76	11,037	-10,961
	45,995	20,273	25,722
	125,394	125,394
		13	-13
		4,779	-4,779
	1,262	2,848	-1,586
	2,271		2,271
	3,436	4,680	-1,244
	4,329	1,795	2,534
	2,639	122	2,517
	6,958	36,292	-29,334
	64	11,271	-11,207
	1,233	29	1,204
	1,025	101	924
	13,221	2,654	10,567
		2,754	-2,754
	1,052	2,626	-1,574
	1,132	5,864	-4,732
	1,297	349	948
	30,794	2,874	27,920
	191,931	83,666	108,265
	3,025	42	2,983
	321	10,590	-10,269
	1,554	42	1,512
	446	9,554	-9,108
	1,036	5,082	-4,046
	1,450	2,244	-794
	16,979	4,723	12,256
	206	7,803	-7,597
	6,996	6,999	-3
	946	976	-30
	521	1,048	-527
	6,588	52	6,536
	4,497	21,464	-16,967
	1,045	4,153	-3,108
	33,134	68,066	-34,932
	182,391	124,682	57,709
	7,256	8,034	-778
	1,504	8,728	-7,224
	6,710	811	5,899
	271		271
	2,471	3,372	-901
	15,523	11,009	4,514
	9,758	329	9,429
	16,979	235	16,744
	1,411	8,465	-7,054
	4,256	655	3,601
	39	258	-219
	8,346		8,346
	4,014	6,654	-2,640
	3,041	5,517	-2,476
	17,568	37,754	-20,186
	43	983	-940
	92,793	61,266	31,527
	8,292	8,893	-601

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			-708
b			2,662
c			2,112
d			767
e			-3,175
			2,587
			-3,449
			-8,609
			20,472
			-925
			-175
			-6,108
			-8,639
			6,390
			16,751
			-548
			1
			11,375
			-64
			3,277
			561
			4,012
			5,580
			13,744
			-3,144
			2,896
			-5,480
			-11,098
			3,298
			-16,594
			8,214
			-29,843
			17,469
			32,267
			-22,064
			1,306
			207
			1,547
			449
			696
			6,876
			13,816
			11,251
			8,436
			2,499
			-6,045
			-3
			-452
			-16,987
			-15,991
			6,812
			26,667
			-64,657
			-6,794
			1,125
			5,394
			-8,556
			717
			-28,823
			56,047
			8,012
			1,018
			27,908
			4,765
			-201
			11,509
			17,160
			13,993
			-5,471
			28,200
			-122,214
			-22,212
			1,786
			6,353
			-699
			2,699
			13,266
			153
			-154
			10,937
			-1,911
			-14,532
			1,792
			-1,064
			1,977
			-3,510
			-32,809
			-26,932
			-4,078
			21,394
			3,354
			7,451
			-8,856
			-883
			-4,470
			6,340
			-4,691
			-2,068
			-5,882
			-14,703
			688
			-31,692
			-20,976
			4,219
			-32,809
			-49,273
			13,579
			92,665
			-933
			-1,675
			11,945
			5,677
			1,776
			9,349
			-2,054
			-3,796
			17,328
			-417
			-478
			16,593
			-802
			-6,486
			-3,991
			-22,408
			-25,527
			-96,253
			1,153
			-8,330
			-1,273
			-832
			1,214
			-1,800
			-10,303
			-8,994
			16,261
			827
			-1,104
			-5,558
			2,522
			-9,955
			15,268
			-16,262
			-5,112
			-8,316
			-1,616
			-1,594
			-1,904
			-29
			-1,773
			5,815
			-5,136
			-5,469
			-2,998
			1,239
			-1,827
			1,758
			4,392
			18,671
			20,146
			-6,099
			-833
			459
			12,660
			2,289
			4,069
			-490
			-4,776
			28,165
			-130
			-2,120
			-6,156
			578
			-3,244
			2,042
			1,267
			5,306
			20,146
			4,955
			-10,046
			-988
			2,368
			-11,915
			4,244
			-2,940
			-1,174
			-9,407
			1,063
			-1,827
			17,387
			-770
			-4,294
			-3,327
			-5,796
			13,713
			1,188
			13,838

			-7,773
			6,471
			4,192
			-71,219
			-104
			-13,963
			9,898
			-2,670
			-627
			-17,716
			-592
			4,741
			-12,565
			-2,921
			8,123
			-10,961
			25,722

			-13
			-4,779
			-1,586
			2,271
			-1,244
			2,534
			2,517
			-29,334
			-11,207
			1,204
			924
			10,567
			-2,754
			-1,574
			-4,732
			948
			27,920
			108,265
			2,983
			-10,269
			1,512
			-9,108
			-4,046
			-794
			12,256
			-7,597
			-3
			-30
			-527
			6,536
			-16,967
			-3,108
			-34,932
			57,709
			-778
			-7,224
			5,899
			271
			-901
			4,514
			9,429
			16,744
			-7,054
			3,601
			-219
			8,346
			-2,640
			-2,476
			-20,186
			-940
			31,527
			-601

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-86,299
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . .		3	-97,159

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2010	25,059	355,977	0.070395
2009	29,345	759,083	0.038658
2008	331,287	1,289,407	0.256930
2007	6,750	1,214,459	0.005558
2006	18,099	416,677	0.043437

2	Total of line 1, column (d) ......................	2	0.414978
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	0.082996
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	131,751
5	Multiply line 4 by line 3.......................	5	10,935
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7	10,935
8	Enter qualifying distributions from Part XII, line 4..............	8	153,950
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 (2011)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	0
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-).	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a
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
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax0	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

Yes

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

instructions) bullet

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

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

Yes

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

or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on

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

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

Yes

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

TOMAS REVESZ Telephone no. bullet

(956) 668-8212

Located at bullet

PO BOX 2498MCALLENTX ZIP+4 bullet

78504

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

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

At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over

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

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

Form 990-PF (2011)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2011?.............

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

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

At the end of tax year 2011, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2011?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2011 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 2011.)....................

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2011)

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
TOMAS REVESZ	CHAIRMAN 5.00	0	0	0
1504 TULIP MCALLEN,TX78504	CHAIRMAN 5.00	0	0	0
ALMA REVESZ	SECRETARY 0.00	0	0	0
1504 TULIP MCALLEN,TX78504	SECRETARY 0.00	0	0	0

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









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

3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1


2


3


4

Form 990-PF (2011)

Page 7

Part IX-B

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

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


All other program-related investments. See page 24 of the instructions.
3

Total. Add lines 1 through 3.......................... bullet

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
see page 24 of the instructions.)

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

purposes:

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

74,145

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

13,691

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

45,921

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

133,757

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

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

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

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

133,757

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

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

2,006

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

131,751

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

6,588

Part XI

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

and do not complete this part.)

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

6,588

Tax on investment income for 2011 from Part VI, line 5......

Income tax for 2011. (This does not include the tax from Part VI.)...

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

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

6,588

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

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

6,588

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

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

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

6,588

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

153,950

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

153,950

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

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

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

153,950

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 (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7			6,588
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2011:
a From 2006.......
b From 2007.......
c From 2008.......	207,105
d From 2009.......
e From 2010.......	7,379
fTotal of lines 3a through e.........		214,484
4Qualifying distributions for 2011 from Part
XII, line 4: $ 153,950
a Applied to 2010, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see page 26 of the instructions)
c Treated as distributions out of corpus (Election required—see page 26 of the instructions)...
d Applied to 2011 distributable amount.....			6,588
e Remaining amount distributed out of corpus		147,362
5 Excess distributions carryover applied to 2011.
(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		361,846
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount—see page 27 of the instructions ...
e Undistributed income for 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see page 27 of the instructions) ...........
8Excess distributions carryover from 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		361,846
10 Analysis of line 9:
a Excess from 2007....
b Excess from 2008....	207,105
c Excess from 2009....
d Excess from 2010....	7,379
e Excess from 2011....	147,362

Form 990-PF (2011)

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 2011, enter the date of the ruling....... bullet

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

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2011	(b) 2010	(c) 2009	(d) 2008	(e) Total

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).)

TOMAS REVESZ

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

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

TOMAS REVESZ
1504 TULIP
MCALLEN,TX78504
(956) 668-8212

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

GRANT PROPOSALS WILL INCLUDE SPECIFIC DESCRIPTION OF GRANTOR & GRANTEE RESPONSIBILITIES; OBLIGATION OF GRANTEE TO USE FUNDS FOR PURPOSES SPECIFIED; REQUIREMENT FOR PERIODIC WRITTEN REPORTS ON ACTIVITIES; FIANL GRANTEE REPORTS ON ACTIVITY & FUNDS EXPENDED; FINANCIAL STATEMENTS OF GRANTEE; FINANCIAL PROJECTIONS OF THE USE OF FUNDS.

cAny submission deadlines:

NONE

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

NONE

Form 990-PF (2011)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
DISABLED AMERICAN VETERANS PO BOX 14301 CINCINNATI,OH452500301		PUBLIC	DONATION	50
INTERNATIONAL FELLOWSHIP OF CHRISTIANS & JEWS PO BOX 96105 WASHINGTON,DC200906105		PUBLIC	DONATION	100
JEWISH FEDERATION OF SAN ANTONIO 12500 NW MILITARY HWY 20 SAN ANTONIO,TX78231		PUBLIC	DONATION	1,000
MD ANDERSON CANCER CENTER 1515 HOLCOMBE BLVD HOUSTON,TX77030		PUBLIC	CANCER RESEARCH	250
OUR LADY OF SORROWS 1108 HACKBERRY MCALLEN,TX78501		PUBLIC	DONATION	400
SACRED HEART CHURCH 306 S 15TH STREET MCALLEN,TX78501		PUBLIC	100TH ANNIVERSARY	200
SOUTH TEXAS COLLEGE 3201 W PECAN MCALLEN,TX78501		PUBLIC	SCHOLARSHIP	1,600
ST JOSEPH & ST RITA MONASTERY PO BOX 1099 ALAMO,TX78516		PUBLIC	DONATION FOR SISTERS FOR CHURCH DECO	200
ST JOSEPH & ST RITA MONASTERY PO BOX 1099 ALAMO,TX78516		PUBLIC	APARTMENT BUILDING	150,000
ST JOSEPH'S INDIAN SCHOOL 1301 N MAIN STREET CHAMBERLAIN,SD57326		PUBLIC	ABANDONED CHILDREN CAMP	50
TEMPLE EMANUEL 4300 NORTH C MCALLEN,TX78504		PUBLIC	DONATION FOR NEEDY	100
Total ................................. 3a				153,950

bApproved for future payment

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

Form 990-PF (2011)

Page 11

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See page 28 of the instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments			14	25
4 Dividends and interest from securities....			14	3
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	-1,365
6Net rental income or (loss) from personal property
7 Other investment income.....			14	1,522
8Gain or (loss) from sales of assets other than inventory			18	-86,299
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aVALLEY AQUA BLU LLC					397
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				-86,114	397

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

13-85,717

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See page 28 of the instructions.)

Form 990-PF (2011)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If “Yes,” complete the following schedule.

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

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

	Signature of officer or trustee	Date	Title

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

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
OPTIONS
EQUITIES	18,896	18,016

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
APARTMENT COMPLEX	AT COST
VALLEY AQUA BLU LLC	AT COST	45,921	45,921

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
BANK CHARGES	158
DUES	24

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INVESTMENT INCOME	924	924	924
	598	598	598
VALLEY AQUA BLU LLC	397		397