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
COVE CREEK PARK ASSOCIATION

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 9 Room/suite

City or town, state, and ZIP code
COVESVILLE, VA22931

A Employer identification number

54-1797263

B Telephone number (see page 10 of the instructions)

(434) 970-2273

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

$2,905,553J 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)		506,970
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......		37,334		37,334
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10			-10,217
b	Gross sales price for all assets on line 6a 2,885,198
7	Capital gain net income (from Part IV, line 2)...				0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances	52,605
b	Less: Cost of goods sold....	43,401
c	Gross profit or (loss) (attach schedule).....			9,204
11	Other income (attach schedule).......			30,780		60,780
12	Total. Add lines 1 through 11........		574,071		37,334	60,780
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......		240,277				240,277
15	Pension plans, employee benefits.......		51,928				51,928
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......			4,485			4,485
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)			26,044			26,044
19	Depreciation (attach schedule) and depletion...			224,617
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........		5,042				5,042
23	Other expenses (attach schedule).......			362,136			335,995
24	Total operating and administrative expenses.
	Add lines 13 through 23..........		914,529		0		663,771
25	Contributions, gifts, grants paid........		0				0
26	Total expenses and disbursements. Add lines 24 and 25		914,529		0		663,771
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements		-340,458
b	Net investment income (if negative, enter -0-)				37,334
c	Adjusted net income (if negative, enter -0-)...					60,780

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...............	32,602	34,794	34,794
	2	Savings and temporary cash investments..........
	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)	1,210,538	938,886	938,886
	b	Investments—corporate stock (attach schedule)........
	c	Investments—corporate bonds (attach schedule)........	359,552	530,199	530,199
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............	93,318	51,360	51,360
	13	Investments—other (attach schedule)...........	357,576	401,134	401,134
	14	Land, buildings, and equipment: basis 4,516,194
		Less: accumulated depreciation (attach schedule) 3,567,014	1,173,798	949,180	949,180
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,227,384	2,905,553	2,905,553
	17	Accounts payable and accrued expenses..........
	18	Grants payable...................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	1,843	855
	23	Total liabilities (add lines 17 through 22)..........	1,843	855
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	3,225,541	2,904,698
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	3,225,541	2,904,698
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	3,227,384	2,905,553

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	3,225,541
2	Enter amount from Part I, line 27a.....................	2	-340,458
3	Other increases not included in line 2 (itemize)	3	20,563
4	Add lines 1, 2, and 3..........................	4	2,905,646
5	Decreases not included in line 2 (itemize)	5	948
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	2,904,698

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	Charlotte Mecklinburg Hosp Athority	P	2010-09-23	2011-01-18
b	HSBC Finance Corp	P	2010-08-25	2011-02-04
c	HSBC Finance Corp	P	2010-09-14	2011-02-04
d	HSBC Finance Corp	P	2010-05-18	2011-02-04
e	Merrill Lynch & Co Call	P	2010-12-01	2011-02-04
	Federal Home Loan Mtg Crop Call Step	P	2010-06-01	2011-02-07
	First Tennessee Bank	P	2010-09-10	2011-02-07
	First Tennessee Bank	P	2010-10-06	2011-02-07
	Florida Hurricane Castrophe Rev Bd	P	2010-06-02	2011-02-07
	Goldman Sachs Group Inc Bond	P	2010-09-07	2011-02-07
	Southhaven Miss Ref Bds 20009	P	2010-09-20	2011-02-07
	Virginia St Res Auth Arpts Rev Bds	P	2010-05-07	2011-02-07
	Bank of China NY CD	P	2010-08-20	2011-02-25
	John Deere Cap Corp Corenote P	P	2010-06-03	2011-03-15
	General Elec Cap Corp	P	2010-11-02	2011-03-15
	John Hancock Life Ins Co Flts	P	2010-08-20	2011-03-15
	Morgan Stanley D W Disc Srmtns	P	2010-09-23	2011-03-15
	General Elec Cap Corp 5.25%	P	2010-06-11	2011-03-17
	John Hancock Life Ins Co Flts 5.025	P	2010-08-19	2011-03-17
	Montgomery county Ky Sch Dist Rev 3.8	P	2010-09-02	2011-03-17
	Univ of Alabama Revs Rev 5.000	P	2010-05-26	2011-03-17
	Oklahoma St Water Res Brd Revolv	P	2010-11-30	2011-04-01
	Bossier Parish La Sales & Use Tax 4.400	P	2010-09-03	2011-04-20
	Gwinnett Cnty GA Wtr/Swr Auth 5.125	P	2010-11-30	2011-05-17
	Rio Rancho NM Pub Sch Dist Bldg Bonds	P	2010-09-01	2011-05-17
	Auburn Univ AL Gen fee Rev Ser A	P	2010-06-11	2011-06-01
	Commonwealth Fing Auth Pa Rev	P	2010-11-16	2011-06-01
	Harris Bnak Chicago IL Step Up	P	2010-05-17	2011-06-06
	New Shoreham RI G/O Bds	P	2010-06-18	2011-06-15
	Lake Cnty FL Sch Brd Ctfs	P	2010-08-25	2011-07-01
	Auburn AL Sch Wts GO	P	2010-08-26	2011-08-01
	Auburn AL G/O School Impt Warrants	P	2010-08-26	2011-08-01
	Clinton Cnty Ky Sch Dist Fin Bldg	P	2010-06-25	2011-08-01
	Springdale AK Sch Dist #050 4.40	P	2011-07-05	2011-08-01
	Springdale AK Sch Dist #050 4.25	P	2011-07-05	2011-08-01
	State Bank of India NY CD	P	2011-02-17	2011-08-25
	Long Beach CA Pension Obligation	P	2010-08-26	2011-09-01
	Bank of America Corp	P	2011-08-12	2011-10-04
	Federal Home Ln Mtg Corp Call Step	P	2011-08-12	2011-10-04
	Cook Cnty Ill Sch Dist #155	P	2011-03-30	2011-10-21
	Bank Amer Corp Mtn Sr Nt Fltr Cpi	P	2011-04-20	2011-10-28
	Chattanooga TN Rfdg Ser A GO	P	2011-09-02	2011-11-01
	HSBC Finance Corp 6.150	P	2011-04-11	2011-11-15
	Bd of Super of Univ of La Syst NW State	P	2011-10-27	2011-11-28
	Kenton Cnty Ky Publ Libr dist GO	P	2010-11-30	2011-12-01
	Banco Popular De PR Hato Rey CD	P	2011-02-24	2011-12-02
	Bank of India NY CD	P	2011-06-01	2011-12-14
	Bank of China NY CD	P	2011-03-14	2011-12-23

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,050	5,056	-6
b	52,100	52,857	-757
c	25,550	25,823	-273
d	10,506	10,489	17
e	25,975	25,881	94
	99,250	100,000	-750
	25,344	25,234	110
	20,275	20,569	-294
	75,338	76,211	-873
	25,000	25,607	-607
	15,315	16,096	-781
	41,400	42,059	-659
	200,000	200,000	0
	52,000	52,051	-51
	10,780	11,127	-347
	24,525	24,813	-288
	11,778	12,000	-222
	31,771	31,405	366
	11,730	11,940	-210
	10,237	10,466	-229
	111,405	112,668	-1,263
	100,000	100,013	-13
	26,057	26,414	-357
	26,063	26,344	-281
	25,375	25,892	-517
	200,000	200,000	0
	100,000	100,000	0
	100,000	100,000	0
	35,000	35,044	-44
	20,000	20,002	-2
	10,100	10,101	-1
	25,250	25,253	-3
	15,000	15,000	0
	115,000	115,011	-11
	70,000	70,006	-6
	200,000	200,000	0
	100,000	100,000	0
	24,625	25,503	-878
	40,000	40,000	0
	46,400	46,778	-378
	86,000	86,604	-604
	100,000	100,000	0
	50,000	50,098	-98
	90,000	90,000	0
	20,000	20,001	-1
	150,000	150,000	0
	100,000	100,000	0
	125,000	125,000	0

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	0	0	0	-6
b	0	0	0	-757
c	0	0	0	-273
d	0	0	0	17
e	0	0	0	94
	0	0	0	-750
	0	0	0	110
	0	0	0	-294
	0	0	0	-873
	0	0	0	-607
	0	0	0	-781
	0	0	0	-659
	0	0	0	0
	0	0	0	-51
	0	0	0	-347
	0	0	0	-288
	0	0	0	-222
	0	0	0	366
	0	0	0	-210
	0	0	0	-229
	0	0	0	-1,263
	0	0	0	-13
	0	0	0	-357
	0	0	0	-281
	0	0	0	-517
	0	0	0	0
	0	0	0	0
	0	0	0	0
	0	0	0	-44
	0	0	0	-2
	0	0	0	-1
	0	0	0	-3
	0	0	0	0
	0	0	0	-11
	0	0	0	-6
	0	0	0	0
	0	0	0	0
	0	0	0	-878
	0	0	0	0
	0	0	0	-378
	0	0	0	-604
	0	0	0	0
	0	0	0	-98
	0	0	0	0
	0	0	0	-1
	0	0	0	0
	0	0	0	0
	0	0	0	0

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	-10,217
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	-10,216

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
2009
2008
2007
2006

2	Total of line 1, column (d) ......................	2
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
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4
5	Multiply line 4 by line 3.......................	5
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7	0
8	Enter qualifying distributions from Part XII, line 4..............	8	0
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	747
	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	0
3	Add lines 1 and 2............................	3	747
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	747
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	712
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	975
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,687
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	940
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax940	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..........................

Yes

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

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

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

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

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

Yes

Website address bullet

covecreek@covecreekpark.com

The books are in care of bullet

ASSOCIATION OFFICES Telephone no. bullet

(434) 970-2273

Located at bullet

P O BOX 9COVESVILLEVA ZIP+4 bullet

22931

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
JOHN GRISHAM JR	Pres/Dir 5.00	0	0	0
P O BOX 9 NORTH GARDEN,VA22932	Pres/Dir 5.00	0	0	0
RICHARD E CARTER	Vice Pres 0	0	0	0
414 PARK STREET CHARLOTTESVILLE,VA22902	Vice Pres 0	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
JENNIFER E WILLIAMS	N/A 0	61,824	5,568	0
2647 BARRACKS RD 1 CHARLOTTESVILLE,VA22901	N/A 0	61,824	5,568	0
TODD M MCGARRY	N/A 0	55,112	15,534	0
4 RED APPLE ORCHARD LANE SHIPMAN,VA22971	N/A 0	55,112	15,534	0
ANDREW D RODGERS	N/A 0	52,538	15,430	0
P O BOX 148 LOVINGSTON,VA22949	N/A 0	52,538	15,430	0




Total number of other employees paid over $50,000...................				3

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	Development of youth amateur athletics fostering national& international competition through organized instruction,leagues, and games with local, national, & international teams	663,771
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


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...................

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

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

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

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.........................

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

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

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

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

Part XI

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

and do not complete this part.)

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

Tax on investment income for 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............

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

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

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

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

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

Part XII

Qualifying Distributions (see page 25 of the instructions)

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

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

663,771

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

663,771

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..............

663,771

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			0
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.......	611,535
b From 2007.......	615,160
c From 2008.......	621,763
d From 2009.......	708,484
e From 2010.......	714,291
fTotal of lines 3a through e.........		3,271,233
4Qualifying distributions for 2011 from Part
XII, line 4: $ 663,771
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.....
e Remaining amount distributed out of corpus		663,771
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		3,935,004
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) .............		611,535
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		3,323,469
10 Analysis of line 9:
a Excess from 2007....	615,160
b Excess from 2008....	621,763
c Excess from 2009....	708,484
d Excess from 2010....	714,291
e Excess from 2011....	663,771

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
	0				0
b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....	663,771	714,291	708,484	621,763	2,708,309
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 ....	663,771	714,291	708,484	621,763	2,708,309
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...					0
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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).)

NONE

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.

NONE

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (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

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

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
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount
aRegistration Fees
bTeam Sponsorships
cTournament/Camp Fees
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....	523000	37,334	14
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.....	523300	20,563	14
8Gain or (loss) from sales of assets other than inventory	523000		18	-10,217
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)..		57,897		-10,217

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

1347,680

(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

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

OMB No. 1545-0047

2011

Name of organization

COVE CREEK PARK ASSOCIATION

Employer identification number

54-1797263

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990, or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total to more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year. ......................... Arrow Bullet

Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

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

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 2

Name of organization COVE CREEK PARK ASSOCIATION
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Part I	Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	JOHN GRISHAM P O BOX 270 NORTH GARDEN, VA 22959	$476,370	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	PHILIP WENDEL 1701 BENTIVAR DRIVE CHARLOTTESVILLE, VA 22901	$30,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 3

Name of organization COVE CREEK PARK ASSOCIATION
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Part II	Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions).	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 4

Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Name of organization
COVE CREEK PARK ASSOCIATION

Employer identification number

54-1797263

Part III

Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b)
Purpose of gift

(d)
Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2011 AccountingFeesSchedule

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Drayer & Company PC P/R & Tax Return Prep	4,485

- TIN:

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

TY 2011 DepreciationSchedule

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
Office Furn & Equip	1996-09-30	1,692	1,692	200DB	7.00
Office Equip - Fax Machine	1996-09-30	700	700	200DB	7.00
John Deere - Gator	1997-06-30	2,905	2,905	200DB	7.00
John Deere Field Sweeper	1997-06-30	2,434	2,434	200DB	7.00
Prime Stripe-2 Stripe Machines	1998-02-28	1,049	1,049	200DB	7.00
Turf Truck (Cornell)	1998-08-31	15,311	15,311	200DB	7.00
Gator Accessories	1998-11-30	1,334	1,334	200DB	7.00
Concrete floor in Maintenance Building	1998-02-28	2,462	813	SL	39.00	63
Concession Building Improvements	1998-05-11	3,365	1,089	SL	39.00	86
Electrical Improvements (upgrade)	1998-06-30	2,170	698	SL	39.00	56
Sunguard Awnings	1998-11-30	7,500	7,500	200DB	7.00
2 New Wells	1998-02-28	10,622	6,639	SL	20.00	531
Dugouts, Improvements, Field #6	1998-03-31	23,331	7,652	SL	39.00	598
Improvements- Field #6	1998-04-30	10,143	8,646	150DB	15.00	599
Walkways, Retaining Walls	1998-05-31	25,341	21,600	150DB	15.00	1,496
Batting Cages	1998-03-31	5,625	5,625	200DB	7.00
Field Personal Property - Oakwood Gift	1999-01-01	38,032	38,032	200DB	7.00
Sun Shades	1999-06-12	46,269	46,269	200DB	7.00
Infield Mower - Revels Tractor Co	1999-09-21	4,300	4,300	200DB	7.00
Equipment - Oakwood Gift	1999-01-01	159,915	159,915	200DB	7.00
Land - Oakwood Gift	1999-01-01	364,347		0	0.00
Land Improvements - Oakwood Gift	1999-01-01	3,265,005	2,590,222	150DB	15.00	192,795
Sign - Daktronix	1999-01-27	12,907	12,907	200DB	7.00
Irrigation - T-ball Field	1999-12-03	4,732	2,721	SL	20.00	237
land Improvements - T-Ball Field	1999-11-18	4,425	3,510	150DB	15.00	261
John Deere - Gator	2000-08-14	6,584	6,584	200DB	7.00
John Deere - Aerator	2000-10-26	2,822	2,822	200DB	7.00
Camera	2000-07-07	736	736	200DB	5.00
Sun Shades	2000-03-22	11,280	11,280	200DB	7.00
Playground Installation	2000-05-10	100,883	74,076	150DB	15.00	5,957
Playground Fence	2000-07-07	5,435	3,991	150DB	15.00	321
T-Ball Field	2000-04-19	25,852	18,983	150DB	15.00	1,527
T-Ball Field Benches	2000-02-03	2,096	2,096	200DB	7.00
T-Ball Fence	2000-05-23	8,700	6,388	150DB	15.00	514
Riding Mower	2001-08-22	22,426	22,426	200DB	7.00
Aeration Top dressing Machine	2001-07-05	7,213	7,213	200DB	7.00
Sod Cutter	2001-03-23	3,798	3,798	200DB	7.00
Bleachers	2001-05-25	38,796	38,796	200DB	7.00
Sun Shade	2002-01-07	4,282	4,282	200DB	7.00
Tow Behind Sweepers (3)	2002-08-28	2,351	2,351	200DB	7.00
John Deere Gator	2003-06-02	6,793	3,396	200DB	7.00
New Scoreboards & Controllers	2003-05-30	59,662	29,831	200DB	5.00
Grill Ventilation System	2004-06-16	8,277	1,388	SL	39.00	212
4 Dugout Benches	2004-04-05	2,000	955	200DB	7.00	45
Power Washer - Piedmont Equipment	2004-05-17	4,318	2,063	200DB	7.00	96
Security Camera System	2004-06-16	3,165	1,512	200DB	7.00	70
Batting Cages	2005-03-31	72,827	63,077	200DB	7.00	6,500
Copier	2005-04-07	599	519	200DB	7.00	53
Grass Sweepers (3)	2005-09-07	2,520	2,183	200DB	7.00	225
Computer	2006-09-18	817	770	200DB	5.00	47
Computer Printer	2006-10-19	154	145	200DB	5.00	9
Mower - Virginia Tractor	2007-09-11	20,744	14,264	200DB	7.00	1,851
Defibrillator	2007-06-13	1,683	1,157	200DB	7.00	150
Fences - Field #4	2008-03-30	24,110	13,566	200DB	7.00	3,012
Ice Machine for Concession Stand	2008-04-30	8,580	4,828	200DB	7.00	1,072
Sod Cutter	2008-12-01	4,094	2,915	200DB	5.00	472
Concession Building Renovations	2009-03-20	6,678	968	150DB	15.00	571
Mower for playingfields	2009-10-23	29,677	11,507	200DB	7.00	5,191

- TIN:

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

TY 2011 GainLossSaleOtherAssetsSch

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
Invested Funds - Stocks & Bonds		Purchased			2,885,198	2,895,415			-10,217

- TIN:

TY 2011 InvestmentsCorpBondsSchedule

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Helios Advantage Income Fund	61,480	61,480
Various Corporate Bonds	468,719	468,719

- TIN:

TY 2011 InvestmentsGovtObligationsSch

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

US Government Securities - End of Year Book Value:

25,093

US Government Securities - End of Year Fair Market Value:

25,093

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

913,793

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

913,793

- TIN:

TY 2011 InvestmentsOtherSchedule2

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Category/ Item	Book Value	End of Year Fair Market Value
Cash & Cash Equivalents	10,867	10,867
Certificates of Deposits	345,000	345,000
Revenue Bonds & Other	45,267	45,267

- TIN:

TY 2011 LandEtcSchedule2

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
Land	364,347		364,347
Land Improvements	3,445,783	2,930,885	514,898
Equipment	306,860	285,048	21,812
Field Personal Property	329,703	318,922	10,781
Buildings	46,283	14,195	32,088
Wells & Irrigation	15,354	10,127	5,227
Furniture/Fixtures/Equipment	7,864	7,837	27

- TIN:

TY 2011 OtherDecreasesSchedule

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Description	Amount
Unrealized Investment Losses	948

- TIN:

TY 2011 OtherExpensesSchedule

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
Unpires	53,371	53,371
Uniforms	17,812	17,812
Trophies/Awards	9,070	9,070
Printing League Items	11,922	11,922
Tournament Expenses	6,783	6,783
Team Equipment	24,668	24,668
AllStar Team Expenses	83,120	83,120
Insurance	20,975	20,975
Field Maintenance	39,147	39,147
Bldg & Grounds Maint	28,552	28,552
Equipment Maint	9,841	9,841
Equipmental Rent & Other	4,507	4,507
Telephone	3,700	3,700
Utilities	10,330	10,330
Advertising/Marketing	2,071	2,071
Office Expense	1,657	1,657
General Supplies	6,558	6,558
Miscellaneous	1,911	1,911
Late Fees & Penalties	45
Brokerage Expense	26,096

- TIN:

TY 2011 OtherIncomeSchedule2

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Description	Revenue And Expenses Per Books	Adjusted Net Income
Registration Fees	16,180	16,180
Team Sponsorships	2,000	32,000
Camp/Tournament Fees	12,600	12,600

- TIN:

TY 2011 OtherIncreasesSchedule

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Description	Amount
Unrealized Investment Gains	0
Tax Exempt Govt Interest	20,563

- TIN:

TY 2011 OtherLiabilitiesSchedule

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Description	Beginning of Year - Book Value	End of Year - Book Value
Payroll Taxes W/H and Accrued	1,843	855
Payroll Taxes W/H and Accrued	1,843	855

- TIN:

TY 2011 OtherLiabilitiesSchedule

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Description	Beginning of Year - Book Value	End of Year - Book Value
Payroll Taxes W/H and Accrued	1,843	855
Payroll Taxes W/H and Accrued	1,843	855

- TIN:

TY 2011 SalesOfInventoryList

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Category	Gross Sales	Cost of Goods Sold	Net (Gross Sales Minus Cost of Goods Sold)
Concession Stand Sales	52,605	43,401	9,204

- TIN:

TY 2011 TaxesSchedule

Name:

COVE CREEK PARK ASSOCIATION

EIN: 54-1797263

Category	Amount	Disbursements for Charitable Purposes
Payroll Taxes	18,768	18,768
Prop tax & Licenses	7,276	7,276
Income Tax