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
2010
For calendar year 2010, or tax year beginning 12-01-2010 , and ending 11-30-2011
G
Check all that apply:
Name of foundation
Beverly Beall & R Kemp Riechmann Found
 

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 25207   Room/suite
City or town, state, and ZIP code
Bradenton, FL34206
A Employer identification number

65-0808807
B Telephone number (see page 10 of the instructions)

(941) 747-2355
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$1,975,898J 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)  
2 Check bullet
3 Interest on savings and temporary cash investments 41 41 41
4 Dividends and interest from securities...... 59,671 59,671 59,671
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 364,170
b Gross sales price for all assets on line 6a 1,133,742
7 Capital gain net income (from Part IV, line 2)... 364,170
8 Net short-term capital gain......... 43,225
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -14,747    
12 Total. Add lines 1 through 11........ 409,135 423,882 102,937
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 5,800 60,000 54,200
14 Other employee salaries and wages...... 25,141   25,141 25,141
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 11,550   11,550 11,550
c Other professional fees (attach schedule).... Click to see attachment 17,839 16,339 17,839 1,500
17 Interest............... 733 733 733  
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 6,480 15 6,480  
19 Depreciation (attach schedule) and depletion... Click to see attachment 0    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 794   794 794
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 3,908   3,908 3,908
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 126,445 22,887 126,445 97,093
25 Contributions, gifts, grants paid........ 178,887 178,887
26 Total expenses and disbursements. Add lines 24 and 25 305,332 22,887 126,445 275,980
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 103,803
b Net investment income (if negative, enter -0-) 400,995
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 106,648 91,936 91,936
2 Savings and temporary cash investments..........      
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........... 298   298
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 1,893,227 2,045,848 1,883,664
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment29,851    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,030,024 2,137,784 1,975,898
Liabilities 17 Accounts payable and accrued expenses..........   3,957
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)    
23 Total liabilities (add lines 17 through 22)..........   3,957
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 2,030,024 2,133,827
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).................... 2,030,024 2,133,827
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 2,030,024 2,137,784
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 2,030,024
2 Enter amount from Part I, line 27a...................... 2 103,803
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 2,133,827
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 2,133,827
Form 990-PF (2010)
Form 990-PF (2010)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a        
b Capital Gain Dividends      
c Publicly Traded Securities - Long Term P 2008-01-01 2011-01-01
d Publicly Traded Securities - Short Term P 2011-01-01 2011-01-01
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       999
b        
c 877,378   557,432 319,946
d 255,365   212,140 43,225
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       319,946
d       43,225
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 2 364,170
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 43,225
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 255,121 2,323,959 0.10978
2008 193,852 1,971,018 0.09835
2007 277,672 2,528,767 0.10981
2006 251,656 3,302,153 0.07621
2005 216,399 3,201,731 0.06759
2 Total of line 1, column (d) ...................... 2 0.46173
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 0.09235
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 2,339,999
5 Multiply line 4 by line 3....................... 5 216,092
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 4,010
7 Add lines 5 and 6......................... 7 220,102
8 Enter qualifying distributions from Part XII, line 4.............. 8 275,980
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 4,010
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 4,010
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 4,010
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 298
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.............. 7 298
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,712
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet0 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)bulletFL
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    9
    Yes
     
    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 ofbulletBeverly Beall Telephone no.bullet (941) 747-2355
    Located atbullet1806 38th Ave EastBradentonFL ZIP+4bullet34208
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
    Yes
     
    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 bulletOC
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    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 2010?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    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 2010 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2010.)....................
    3b
     
    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 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    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 (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    Rolf C Riechmann Trustee
    1.50     		2,000    
    1806 38th Ave E
    Bradenton,FL34208
    R Kemp Riechmann Trustee
    20.00     		29,000    
    1806 38th Ave E
    Bradenton,FL34208
    Beverly Beall Trustee
    20.00     		29,000    
    1806 38th Ave E
    Bradenton,FL34208
    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 Scholarship Program - Significant Involvement Grant Program 146,857
    2 Donations to other Charitable Organizations 8,350
    3 Donations - Emergency funding for students personal financial difficulties. 23,679
    4  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................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
    2,343,043
    b
    Average of monthly cash balances.......................
    1b
    32,591
    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
    2,375,634
    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
    2,375,634
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    35,635
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,339,999
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    117,000
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
     
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
     
    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
     
    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
    275,980
    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
    275,980
    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
    4,010
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    271,970
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$  
    a Applied to 2009, 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 2010 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (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  
    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 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		 
    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 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2010, enter the date of the ruling.......bullet
    1998-04-29
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
    0       0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		275,980 255,303 194,306 278,184 1,003,773
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		32,029 28,393 13,903 41,724 116,049
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		243,951 226,910 180,403 236,460 887,724
    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...     		78,000 77,465 65,700 84,292 305,457
    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).)
    Beverly Beall
    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:
    Beverly Beall R Kemp Riechmann Fndt
    PO Box 25207
    Bradenton,FL342069883
    (941) 747-2355
    bThe form in which applications should be submitted and information and materials they should include:
    prescribed application form available upon request of the foundation.
    cAny submission deadlines:
    June 30
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grants are available for the fall of the school year up to $500.
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    Beverly Beall R Kemp Riechmann Fndt
    PO Box 25207
    Bradenton,FL342065207
    (941) 747-2355
    bThe form in which applications should be submitted and information and materials they should include:
    prescribed application form available upon request of the foundation.
    cAny submission deadlines:
    April 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Applicant must be a graduating Manatee High School Senior with a minimum of a 2.5 GPA (A=4.0) The applicant must meet minimum standards for State University student admissions, and be formally accepted to a four year accredited Florida college or university. Scholarship is up to $4,000 per year for college tuition, fees, books, and room and board.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Kim Siefke
    6129 46th Lane E
    Bradenton,FL34201     		    Scholarship 3,000
    Judith Korn
    6108 26th St W Ste 3B
    Bradenton,FL34207     		    Scholarships 267
    Emily Harp - Team Success
    202 13th Ave E
    Bradenton,FL34208     		    Donation 2,000
    Sports Camp for Life
    PO Box 1006
    Bradenton,FL34206     		    Donation 5,000
    Bayshore High School
    5401 34th St W
    Bradenton,FL34210     		    Donation 2,500
    Southeast High School
    1200 37th Ave E
    Bradenton,FL34208     		    Donation 4,000
    Skyler Sobek
    5800 Bay Shore Rd Box 452
    Sarasota,FL34243     		    Scholarship 1,000
    Francis Alibro
    102 Swan Dr
    Rotonda West,FL33947     		    Scholarship 3,500
    Stephen Maduri
    15105 NW 150th Ave - Apt 2005
    Alachua,FL32615     		    Scholarship 2,000
    Kelsey Hunt-Dolan
    3136 Featherwood Ct
    Clearwater,FL33759     		    Scholarship 1,500
    Allison Gornick
    5800 Bay Shore Road - Box 452
    Sarasota,FL34243     		    Scholarship 2,000
    Hong Mei Lin
    1216 SW 2nd Ave
    Gainesville,FL32601     		    Scholarship 2,500
    Jaffre Hopkins
    PO Box 594
    Palmetto,FL34220     		    Scholarship 1,000
    Southwest Florida Technical Institu
    6513 14th Street West Ste 103
    Bradenton,FL34207     		    Scholarships 586
    Kimberlee Newman
    2811 8th Street
    Englewood,FL34224     		    Scholarship 2,500
    Zachary Avery
    2610 40th Avenue West
    Bradenton,FL34205     		    Scholarship 2,000
    Maria Sanchez
    2919 8th St Ct W
    Bradenton,FL34205     		    Scholarship 300
    Stacy Martin
    2350 Bridge Creek Road
    Marianna,FL32448     		    Scholarship 1,200
    Sarah Velazquez
    2444 Constitutional Blv
    Sarasota,FL34231     		    Scholarship 1,000
    Corey Rodd
    4507 56th Street West
    Bradenton,FL34210     		    Scholarship 1,500
    Brandi Ricker
    3810 33rd St E
    Palmetto,FL34221     		    Scholarship 1,500
    Lindsey Proper
    209 Bass Lane
    Nokomis,FL34275     		    Scholarship 1,200
    Danielle O'Neil
    502 71st Street
    Holmes Beach,FL34217     		    Scholarship 1,000
    Amber Levita
    5415 12th Ave Dr W
    Bradenton,FL34209     		    Scholarship 1,000
    Elicia Black
    5714 Gallatin Lane
    North Port,FL34286     		    Scholarship 3,120
    Nolan Wright
    2212 42nd St W
    Bradenton,FL34205     		    Scholarship 3,968
    Josue Reyes
    2111 Bayshore Gardens Pkwy
    Bradenton,FL34207     		    Scholarship 3,063
    Tracey Tanner
    1901 55th St S
    Gulfport,FL33707     		    Scholarship 3,000
    State College of Florida
    PO Box 1849
    Bradenton,FL34206     		    Scholarships 12,000
    Good Samaritan Fund of Mayo
    13400 E Shea Blvd
    Scottsdale,AZ85259     		    Donation 200
    Association of Small Foundations
    1720 N Street NW
    Washington,DC20036     		    Donation 500
    Literacy Council of Manatee
    1701 Tamiami Trail Ste 5
    Bradenton,FL34205     		    Donation 50
    Lifting as we Climb
    PO Box 29549
    Washington,DC20017     		    Donation 250
    Art Center of Manatee
    209 9th St W
    Bradenton,FL34205     		    Donation 500
    DC Outreach
    2100 M St Nw 170 313
    Washington,DC20037     		    Donation 100
    Police Athletic League
    202 13th Ave E
    Bradenton,FL34208     		    Donation 600
    Guidestar USA Inc
    1730 Pennsylvania NW Suite 250
    Washington,DC20006     		    Donation 50
    Heather Whitby
    231 Lakeview Lane
    Englewood,FL34223     		    scholarship 1,500
    Annie Talbert
    1210 67 Court East
    Bradenton,FL34208     		    scholarship 2,000
    Diana Ochoa
    2839 West Mark Drive
    Sarasota,FL34232     		    scholarship 3,000
    Karen LeMessurier
    1610 12 Street Drive West
    Palmetto,FL34221     		    scholarship 1,000
    Our Daily Bread of Bradenton
    701 17th Avenue West
    Bradenton,FL34205     		    donation 1,000
    RM Beall Sr Charitable Foundation
    1806 38th Ave East
    Bradenton,FL34208     		    donation 100
    Salvation Army
    1204 14th Street West
    Bradenton,FL34205     		    donation 1,000
    Amanda Serensky
    4601 66 Street West Apt 1111B
    Bradenton,FL34210     		    scholarship -1,390
    Daniel Mbom
    590 Little River Loop Road
    Altamonte Springs,FL32714     		    scholarship 4,000
    Jonathan Matthews
    2290 Seward Drive
    Sarasota,FL34234     		    scholarship 2,030
    Terrance Garnett
    327 McArthur Avenue
    Sarasota,FL34243     		    scholarship 3,060
    Lupita Perales
    1716 7th Avenue West
    Bradenton,FL34208     		    scholarship & student funding 4,000
    Carmen Spina
    2057 Mattamy Court
    Venice,FL34292     		    scholarship 4,000
    Annissa Billiter
    1121 Hagle Park Road
    Bradenton,FL34212     		    scholarship & student funding 2,860
    Joseph Haslam
    105 67 Street NW
    Bradenton,FL34209     		    scholarship 1,500
    Tommy Wooten
    12171 Beach Blvd
    Jacksonville,FL32246     		    scholarship 417
    Dana Yawn
    22512 18 Street East
    Bradenton,FL34208     		    scholarship 1,000
    Rodrigo Lucas
    730 59th Terrace East
    Bradenton,FL34203     		    scholarship 1,500
    Maxwell Sandager
    112 66 Avenue West
    Bradenton,FL34207     		    scholarship & student funding 16,182
    Disma Saint Fort
    1330 C Carlton Arms Drive
    Bradenton,FL34208     		    scholarship 3,750
    James Newman
    3183 California Terrace
    North Port,FL34291     		    scholarship 5,000
    Kali Law
    13832 Herrons Landing Way Apt 6
    Jacksonville,FL32224     		    scholarship 2,188
    Amber Lamar
    1711 Chapel Tree Circle Apt H
    Brandon,FL33511     		    scholarship 4,000
    Nancy Acton
    C/O Manatee High 902 33 Street West
    Bradenton,FL34205     		    scholarship 1,400
    Francisco Orlando
    4664 56 Terrace East
    Bradenton,FL34203     		    scholarship 900
    Jeffrey Hughes
    430 Marsh Creek Road
    Venice,FL34292     		    scholarship & student funding 8,291
    Denise Tralango
    2608 York Drive West
    Bradenton,FL34205     		    scholarship 2,000
    Naivi Arreda
    1639 Flamingo Blvd
    Bradenton,FL34207     		    scholarship 1,500
    Alexander Griffin
    2622 Yukon Cliff Drive
    Ruskin,FL33570     		    scholarship 1,500
    Simone Taitano
    2807 52 Ave Terrace West
    Bradenton,FL34207     		    scholarship 2,000
    Laura Kogel
    6419 68th St E
    Bradenton,FL34203     		    scholarship 2,000
    Melissa Caicedo
    6335 Bay Cedar Lane
    Bradenton,FL34203     		    scholarship 645
    Brotherhood of Men
    PO Box 51891
    Sarasota,FL34232     		    donation 4,000
    Kristina Tyre
    1180 Mill Creek Rd
    Bradenton,FL34212     		    scholarship 1,000
    Leah Stewart
    6350 Grand Oak Circle Unit 101
    Bradenton,FL34203     		    scholarship 2,000
    Mary Tanner
    1901 55th St S
    Gulfport,FL33707     		    scholarship 3,000
    Jessica Sutton
    5063 NW Mott Terr
    Arcadia,FL34266     		    scholarship 1,000
    Elizabeth Schultz-Keil
    2011 1st Ave E
    Bradenton,FL34208     		    scholarship 1,500
    Jordan Pritchard
    4240 Ironwood Cir Apt 101
    Bradenton,FL34209     		    scholarship 1,500
    Sean Pittman
    209 82nd St
    HOlmes Beach,FL34217     		    scholarship 1,500
    Tim Peterson
    6111 7th Ave Dr W
    Bradenton,FL34209     		    scholarship 500
    Kelci Mynhier
    3304 oxford Dr W
    Bradenton,FL34205     		    scholarship 1,000
    Renee Keisacker
    1207 12th Ave W
    Palmetto,FL34221     		    scholarship 1,000
    Roland Forti
    4101 17th Ave W
    Bradenton,FL34205     		    scholarship 1,500
    Noel Deckert
    4692 107 Ave NW
    Doral,FL33178     		    scholarship 1,500
    Brad Cooney
    6712 36th Ave Dr W
    Bradenton,FL34209     		    scholarship 1,500
    Kate Buckley
    5104 9th Ave Dr W
    Bradenton,FL34209     		    scholarship 1,000
    Total .................................bullet 3a 178,887
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 41  
    4 Dividends and interest from securities....     14 59,671  
    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..... 525990 13,770 14 977  
    8Gain or (loss) from sales of assets other than inventory     18 364,170  
    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).. -13,770 422,905  
    13Total. Add line 12, columns (b), (d), and (e)...................
    13409,135
    (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 (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash....................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements............................
    1b(4)
     
    No
    (5) Loans or loan guarantees..............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID: 10000105
    Software Version: 2010v3.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    Beverly Beall & R Kemp Riechmann Found
    EIN: 65-0808807
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 11,550 0 11,550 11,550

    TY 2010 OtherExpensesSchedule
    Name:
    Beverly Beall & R Kemp Riechmann Found
    EIN: 65-0808807
    Software ID:10000105
    Software Version:2010v3.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    State Annual Fee 61   61 61
    Miscellaneous 238   238 238
    Insurance 2,359   2,359 2,359
    Dues and Subscriptions 1,110   1,110 1,110
    Bank Fees 140   140 140


    TY 2010 OtherIncomeSchedule2
    Name:
    Beverly Beall & R Kemp Riechmann Found
    EIN: 65-0808807
    Software ID:10000105
    Software Version:2010v3.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income -14,747    


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    Beverly Beall & R Kemp Riechmann Found
    EIN: 65-0808807
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Other 1,500 0 1,500 1,500
    Investment Fees 16,339 16,339 16,339 0


    TY 2010 TaxesSchedule
    Name:
    Beverly Beall & R Kemp Riechmann Found
    EIN: 65-0808807
    Software ID:10000105
    Software Version:2010v3.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Investment Tax 15 15 15  
    Excise Tax 4,010   4,010  
    CA Income Tax 2,455   2,455