Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2011
For calendar year 2011, or tax year beginning 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
Fites Family Charitable Trust
 

Number and street (or P.O. box number if mail is not delivered to street address)602 E High Point   Room/suite
City or town, state, and ZIP code
Peoria, IL61614
A Employer identification number

37-1375732
B Telephone number (see page 10 of the instructions)

(309) 675-4245
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$14,259,984J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 452,865
2 Check bullet
3 Interest on savings and temporary cash investments 24,975 24,975 24,975
4 Dividends and interest from securities...... 387,105 387,105 387,105
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 257,699
b Gross sales price for all assets on line 6a 1,365,715
7 Capital gain net income (from Part IV, line 2)... 257,699
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,122,644 669,779 412,080
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 64,367 36,617   27,750
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 52,112      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 115     115
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 116,594 36,617   27,865
25 Contributions, gifts, grants paid........ 375,400 375,400
26 Total expenses and disbursements. Add lines 24 and 25 491,994 36,617   403,265
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 630,650
b Net investment income (if negative, enter -0-) 633,162
c Adjusted net income (if negative, enter -0-)... 412,080
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 456,094 356,524 356,524
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 183,818 Click to see attachment132,304 157,786
b Investments—corporate stock (attach schedule)........ 7,411,476 Click to see attachment8,045,871 11,329,497
c Investments—corporate bonds (attach schedule)........ 806,312 Click to see attachment935,913 956,302
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 1,478,129 Click to see attachment1,478,129 1,459,875
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,335,829 10,948,741 14,259,984
Liabilities 17 Accounts payable and accrued expenses.......... 5,500  
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment3 Click to see attachment377
23 Total liabilities (add lines 17 through 22).......... 5,503 377
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 10,330,326 10,948,364
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 10,330,326 10,948,364
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 10,335,829 10,948,741
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 10,330,326
2 Enter amount from Part I, line 27a..................... 2 630,650
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 6,377
4 Add lines 1, 2, and 3.......................... 4 10,967,353
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 18,989
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 10,948,364
Form 990-PF (2011)
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.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 257,699
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3 -18,341
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 501,115 11,411,579 0.04391
2009 412,725 8,401,784 0.04912
2008 1,021,348 3,417,674 0.29884
2007 1,009,318 13,621,076 0.07410
2006 1,070,082 11,766,942 0.09094
2 Total of line 1, column (d) ...................... 2 0.55692
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 0.11138
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 14,197,697
5 Multiply line 4 by line 3....................... 5 1,581,396
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,332
7 Add lines 5 and 6......................... 7 1,587,728
8 Enter qualifying distributions from Part XII, line 4.............. 8 403,265
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)
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 Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 12,663
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 12,663
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 12,663
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 20,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 6
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,331
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet7,331 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bullet
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDonald V Fites Telephone no.bullet (309) 675-4245
    Located atbullet100 NE Adams StreetPeoriaIL ZIP+4bullet61629
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 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? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    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
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 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.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2011)
    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
    Linda F Reed Dir./Trustee
    2.00     		0    
    275 Thurston Blvd W
    Dayton,OH45419
    Donald V Fites Trustee
    1.00     		0    
    602 E High Point
    Peoria,IL60614
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    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  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    14,413,906
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    14,413,906
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    14,413,906
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    216,209
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    14,197,697
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    709,885
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    709,885
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    12,663
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,663
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    697,222
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    697,222
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    697,222
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    403,265
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    403,265
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    403,265
    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)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 697,222
    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....... 488,076
    b From 2007....... 373,266
    c From 2008....... 854,478
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e......... 1,715,820
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 403,265
    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)...     		0
    d Applied to 2011 distributable amount..... 403,265
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011. 293,957 293,957
    (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 1,421,863
    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) .............     		194,119
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		1,227,744
    10 Analysis of line 9:
    a Excess from 2007.... 373,266
    b Excess from 2008.... 854,478
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    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 section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    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).)
    Donald V Fites
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2011)
    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)
    aPaid during the year
    Cursillo-Tec
    401 Northweast Madison Avenue
    Peoria,IL61603     		None N/A Further its exempt purpose 200
    Miami Valley School
    5151 Denise Drive
    Dayton,OH45429     		None N/A Further its exempt purpose 1,000
    Camping and Education Foundation
    3515 Michigan Avenue
    Cincinnati,OH45208     		None N/A Further its exempt purpose 1,000
    Dayton Art Institue
    456 Belmonte Park North
    Dayton,OH45405     		None N/A Further its exempt purpose 2,500
    American Leadership Academy
    898 West 1100 South
    Spanish Fork,UT84660     		None N/A Further its exempt purpose 10,000
    Immokalee Foundaiton
    3960 Radio Road
    Naples,FL34104     		None N/A Further its exempt purpose 40,000
    Alzheimers Association
    225 Michigan Ave Fl 17
    Chicago,IL60601     		None N/A Further its exempt purpose 1,000
    The Campaign for Bradley
    1501 W Bradley Avenue
    Peoria,IL61625     		None N/A Further its exempt purpose 1,000
    Howard Young Foundation
    420 Oneida Street
    Minocqua,WI54548     		None N/A Further its exempt purpose 5,000
    Salvation Army
    10 W Algonquin Rd
    Des Plaines,IL60016     		None N/A Further its exempt purpose 5,000
    Naples Childrens Education Fund
    6200 Shirley Street 206
    Naples,FL34109     		None N/A Further its exempt purpose 6,800
    Sisters of the 3rd Order of St Francis
    740 NE Glen Oak Avenue
    Peoria,IL61603     		None N/A Further its exempt purpose 1,000
    Notre Dame Foundation
    1100 Grace Hall
    Notre Dame,IN46556     		None N/A Further its exempt purpose 5,000
    Easter Seals
    233 South Wacker Drive Suite 2400
    Chicago,IL60606     		None N/A Further its exempt purpose 5,000
    The Culver Fund
    1300 Academy Road
    Culver,IN46511     		None N/A Further its exempt purpose 1,500
    The Knox Fund
    2 East South Street
    Galesburg,IL61401     		None N/A Further its exempt purpose 1,000
    Phi Kappa Psi Foundation
    5395 Emerson Way
    Indianapolis,IN46226     		None N/A Further its exempt purpose 236,000
    Dayton Historical Society
    1000 Carillon Blvd
    Dayton,OH45409     		None N/A Further its exempt purpose 5,000
    Dayton Philharmonic
    109 N Main Street Suite 200
    Dayton,OH45402     		None N/A Further its exempt purpose 5,000
    Dayton Opera Guild
    138 North Main Street
    Dayton,OH45402     		None N/A Further its exempt purpose 1,900
    Potawatomi State Park
    3740 Park Drive
    Sturgeon Bay,WI54235     		None N/A Further its exempt purpose 1,000
    Tomahawk Lake Association
    PO Box 535
    Minocqua,WI54548     		None N/A Further its exempt purpose 500
    Kettering Medical Foundation
    3535 Southern Blvd
    Kettering,OH45429     		None N/A Further its exempt purpose 25,000
    St Pauls Church
    33 W Dixon Ave
    Dayton,OH45419     		None N/A Further its exempt purpose 4,000
    Valparaiso University
    1700 Chapel Dr
    Valparaiso,IL46383     		None N/A Further its exempt purpose 10,000
    Total .................................bullet 3a 375,400
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    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 24,975  
    4 Dividends and interest from securities....     14 387,105  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 257,684 15
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   669,764 15
    13Total. Add line 12, columns (b), (d), and (e)..................
    13669,779
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2011)
    Additional Data


    Software ID: 11000144
    Software Version: 2011v1.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MFO Pimco High Yield 150,167 148,382
    Total Cap 4.45% 51,775 55,693
    National Rural Utils Corp 3.875% 53,082 54,092
    MFB Northern High Yield 124,999 115,577
    MFB Northern Multi High Yield 128,985 123,179
    MFN Northerh Bond Index 202,416 210,604
    Archer Daniels Midland 5.45% 50,537 59,291
    United Tech Corp 5.375% 49,798 59,146
    Wells Fargo Bank Natl 5.75% 49,477 54,542
    Goldman Sach Group 5.25% 25,131 25,476
    Lilly Eli and Co NT 6% 25,035 25,272
    Federal Home Ln Mtg 5.75% 24,511 25,048

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Whole Foods 14,227 16,003
    Waste Management 9,877 10,304
    VF Corp 14,469 17,525
    Vermillion Energy 6,287 6,003
    Verizon Comm 7,969 8,626
    US Bancorp 12,996 13,390
    Southern Co. 11,065 11,804
    Simon Property 14,316 17,923
    Sales Force 13,401 10,856
    RPM Int'l 11,542 12,643
    Realty Income Corp 5,755 6,118
    Qualcomm Inc. 15,398 16,410
    Precision Castparts 7,767 7,580
    Phillip Morris Int'l 14,318 16,088
    Oneok Inc. 11,306 13,004
    Novartis AG 20,007 20,867
    Norfolk Southn 13,838 14,936
    Noble Energy 9,096 8,967
    Nextera Energy 6,762 7,306
    National Retail Prop 5,745 5,672
    Merc & Co. 4,066 4,336
    McKesson Corp 16,063 15,972
    McDonald's 29,979 33,611
    Mattel Inc. 8,874 8,606
    Kinder Morgan 11,429 13,190
    Kimberly Clark Corp 10,677 11,402
    Health Care Srvs 4,959 5,042
    Health Care REIT 9,102 9,543
    HCP Inc 8,588 9,115
    Grainger WW 8,249 11,419
    Glazxosmithline 7,802 8,213
    Genuine Parts Co 9,731 10,404
    Exxon Mobil 27,402 27,123
    Enbridge Inc 6,442 7,108
    Eaton Corp 13,256 10,665
    Du Pont 18,397 15,794
    Dominion Res 12,159 14,597
    Digital Realty Tr 10,270 11,001
    Darden Restaurants 8,062 8,432
    Crescent Point Energy 5,879 6,177
    Covidien Plc 10,812 9,452
    Costco Wholesale 14,046 15,831
    Conoco Phillips 16,508 16,031
    Coca Cola Co. 25,072 25,539
    Citrix Sys Inc 13,482 12,144
    Canadian Imperial BK 6,903 6,875
    Bristol Myers 25,990 30,130
    Blackrock Inc. 4,452 5,169
    BCE Inc. 12,287 13,126
    Bank N S Halifax 14,074 13,698
    Automatic Data 7,616 8,102
    Autodesk Inc 8,147 5,914
    AT&T 9,652 9,979
    Altria Group 8,538 9,340
    4979 Caterpillar Shares 12/21/11 452,865 451,097
    Unitedhealth Group 11,826 16,978
    Principal Financial Group 12,895 10,701
    Oracle 16,857 15,775
    Omnicom Group Inc 12,752 12,260
    Nike Inc 6,148 9,155
    MFB Northern Emerging Markets 100,000 86,831
    HJ Heinz 23,278 25,129
    General Electric 12,167 12,716
    Franklin Res Inc 15,236 12,296
    EMC Corp 15,285 14,647
    American Express 14,597 15,094
    Altrea Corp 5,043 7,420
    5133 Caterpillar Shares11/5/10 428,015 465,050
    3469 Caterpillar Shares 12/1/09 206,926 314,291
    2781 Caterpillar Shares 12/1/09 165,887 251,959
    MFO PIMCO Commodity 113,468 97,925
    MFC SPDR Gold Trust 131,401 151,990
    MFB Northern Global Real Estate 57,494 61,256
    Wells Fargo 14,421 15,571
    Walmart 7,942 8,665
    United Tech 15,301 19,369
    Travelers 7,730 8,876
    Spectra 21,272 31,673
    Schlumberger 10,391 9,905
    Proctor and Gamble 22,046 28,352
    Praxair 8,703 9,300
    National Oilwell Varco 7,751 13,258
    MFC Midcap SPDR SP 400 175,229 223,356
    MFC iShares EAFE 191,177 198,120
    MFB Northern Multi Manager Emerging 266,013 248,258
    MFB Northern Small Cap Index 110,855 116,237
    MFB Northern Multi Manager International 192,690 156,661
    MFB Northern Small Cap 102,425 95,103
    JP Morgan 13,447 15,295
    Johnson Controls 8,132 9,378
    Johnson and Johnson 5,776 7,214
    Intel 14,728 15,035
    IBM 11,570 25,192
    Google 13,077 18,731
    Emerson 7,238 6,756
    Disney 9,545 9,938
    Danaher 9,882 20,698
    Chevron 16,471 21,599
    BHP Billiton 6,945 9,535
    Apple 11,181 33,210
    Amazon 13,163 13,502
    Abbott Labs 22,411 23,898
    6000 Oshkosh shares from 12/13/07 284,460 128,280
    5000 AK Steel shares from 12/13/07 231,150 41,300
    7500 Exxon Mobil shares from 11/21/08 545,063 635,700
    5235 Exxon Mobil shares from 12/13/07 480,887 443,719
    5235 Exxon Mobil shares from 12/31/05 307,242 443,719
    368 Caterpillar shares from 12/8/04 16,659 33,341
    12000 Caterpillar shares from 11/3/03 455,880 1,087,200
    12000 Caterpillar shares from 12/11/06 757,920 1,087,200
    8000 Caterpillar shares from 11/3/03 303,920 724,800
    9470 Caterpillar shares from 10/6/03 350,106 857,982
    4428 Caterpillar Shares from 7/24/03 144,796 401,177
    10072 Caterpillar shares from 6/17/03 290,879 912,523
    3918 Caterpillar shares from 12/28/01 103,406 354,971
    742 Caterpillar shares from 12/10/01 18,745 67,225

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    US Government Securities - End of Year Book Value:

    132,304
    US Government Securities - End of Year Fair Market Value:

    157,786
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2011 InvestmentsOtherSchedule2
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Wasatch Small Cap Growth AT COST 21,700 24,677
    J Hancock Rainier Large Cap Growth AT COST 52,750 55,344
    Eaton Vance Structured Emerging Mkt AT COST 57,350 50,653
    EII International Property Fund AT COST 24,650 20,182
    iShares Russell Midcap Value AT COST 49,424 56,203
    iShares Russell Midcap Growth AT COST 49,096 57,803
    Vanguard FTSE All World Ex US Index AT COST 129,173 112,078
    Vanguard Emerging Markets AT COST 54,225 50,963
    SPDR Trust Unit Series 1 AT COST 147,164 155,870
    Vanguard Inflation Protected Securities AT COST 158,275 173,610
    Rainier Large Cap Core AT COST 20,125 19,896
    PIMCO Total Return AT COST 118,188 115,675
    PIMCO Real Return AT COST 17,797 19,414
    PIMCO High Yield AT COST 29,228 29,661
    PIMCO Foreign Bond Unhedged AT COST 49,450 52,300
    PIMCO Foreign Bond Hedged AT COST 51,871 52,932
    PIMCO Commodity Real Return AT COST 114,575 93,230
    Morgan Stanley Inst. US Real Estate AT COST 52,718 58,754
    Morgan Stanley Inst. Intl Real Estate AT COST 27,825 20,299
    Metropolitan West High Yield Bond AT COST 28,550 28,310
    Masters Select International Fund AT COST 127,313 115,524
    Dodge and Cox Stock Fund AT COST 74,582 74,039
    Artisan Small Cap Value AT COST 22,100 22,458

    TY 2011 OtherDecreasesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    Description Amount
    Tax/Contribution Basis difference for CAT share sold 18,989


    TY 2011 OtherExpensesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Illinois Charity Bureau Fund 100     100
    Illinois Attorney General 15     15


    TY 2011 OtherIncreasesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    Description Amount
    Prior period adjustment for Treasury Adjmt 2,160
    Non taxable Dividend Distribution 111
    Book/tax adjustment for Treasury adjmt 4,106


    TY 2011 OtherLiabilitiesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    Description Beginning of Year - Book Value End of Year - Book Value
    Rounding 3  
    Rounding   377


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Northern Trust 21,455 21,455 0 0
    Linda Reed 25,000 0 0 25,000
    JMG Tax Prep 5,500 2,750 0 2,750
    Advisory Fees JMG 12,412 12,412 0 0


    TY 2011 TaxesSchedule
    Name:
    Fites Family Charitable Trust
    EIN: 37-1375732
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    US Treasury 787      
    Foreign Tax Paid 842      
    Estimated Tax Payments 20,000      
    2010 Tax Liability 30,483