Form990-PF
Click to see attachment

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

Number and street (or P.O. box number if mail is not delivered to street address)17083 OLD COACH ROAD   Room/suite
City or town, state, and ZIP code
POWAY, CA92064
A Employer identification number

33-0946827
B Telephone number (see page 10 of the instructions)

(858) 391-2973
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$8,485,169J 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) 1,021,962
2 Check bullet
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities......      
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 187,789    
12 Total. Add lines 1 through 11........ 1,209,751 0  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 831     831
b Accounting fees (attach schedule)....... Click to see attachment 1,706     1,706
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 45,161     45,161
19 Depreciation (attach schedule) and depletion... Click to see attachment 192,902    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 994,966     994,966
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,235,566 0   1,042,664
25 Contributions, gifts, grants paid........ 122,996 122,996
26 Total expenses and disbursements. Add lines 24 and 25 1,358,562 0   1,165,660
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -148,811
b Net investment income (if negative, enter -0-) 0
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 (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 67,549 111,640 111,640
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...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........      
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 bullet8,648,275
Less: accumulated depreciation (attach schedule) bullet274,746 8,566,431 Click to see attachment8,373,529 8,373,529
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,633,980 8,485,169 8,485,169
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
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.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 8,633,980 8,485,169
30 Total net assets or fund balances (see page 17 of the
instructions).................... 8,633,980 8,485,169
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 8,633,980 8,485,169
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 8,633,980
2 Enter amount from Part I, line 27a..................... 2 -148,811
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 8,485,169
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 8,485,169
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010      
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  
8 Enter qualifying distributions from Part XII, line 4.............. 8  
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 0
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 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5  
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet   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)bulletCA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.Click to see attachment
    10
    Yes
     
    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 addressbulletWWW.TOBYWELLS.ORG
    14
    The books are in care ofbulletADRIENNE WELLS HOLMES Telephone no.bullet (858) 391-2973
    Located atbullet17083 OLD COACH ROADPOWAYCA ZIP+4bullet920641417
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    RONALD C ZAGAMI Director
    0.00     		0    
    2923 Chicago Street
    SAN DIEGO,CA92117
    STEPHEN WITTMAN Director
    0.00     		0    
    2602 West Canyon Avenue
    SAN DIEGO,CA92123
    APRIL R WEST Director
    0.00     		0    
    14390 Cheyenne Trail
    POWAY,CA92064
    RYAN WEST Director
    0.00     		0    
    14390 CHEYENNE TRAIL
    POWAY,CA92064
    JERRY RICHARDSON Director
    0.00     		0    
    16363 ESPOLA ROAD
    POWAY,CA92064
    TONY PAPANIA Director
    0.00     		0    
    3679 Kalmia Street
    SAN DIEGO,CA92014
    SUE HERNDON Director
    0.00     		0    
    16616 Espola Road
    POWAY,CA92064
    EDWARD FUDURICH Director
    0.00     		0    
    3515 Caminito Daniella
    DEL MAR,CA92014
    Mike Erwin Director
    0.00     		0    
    1196 Abella Avenue
    Carlsbad,CA92009
    ADRIENNE WELLS HOLMES Executive Direc
    0.00     		0    
    14345 Cheri Lane
    POWAY,CA92064
    LYNN D WELLS President & CEO
    0.00     		0    
    17083 OLD COACH ROAD
    POWAY,CA920641417
    LLOYD H WELLS Chairman
    0.00     		0    
    17083 OLD COACH ROAD
    POWAY,CA920641417
    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 BLUE APPLE RANCH ENRICHES LIVES THROUGH THE RESCUE, REHABILITATION, AND COMPASSIONATE CARE OF AT-RISK EQUINES WHILE PROVIDING EDUCATION, PUBLIC AWARENESS PROGRAMS AND THERAPEUTIC ACTIVITIES FOR BOTH PEOPLE AND HORSES ALIKE. 888,986
    2 THE TOBY WELLS FOUNDATION AND BLUE APPLE RANCH ARE MEMBERS OF THE SAN DIEGO HORSE COALITION, WHICH ALSO INCLUDES MEMBERS THE HORSES OF TIR NA NOG, FALCON RIDGE EQUINE RESCUE AND THE TIJUANA RIVER VALLEY RESCUE. LIKE THE OTHER SAN DIEGO HORSE COALITION PARTNERS, THE BLUE APPLE RANCH IS FOCUSED ON PROTECTING THE WELFARE OF AT-RISK HORSES THROUGH RESCUE, REHABILITATION AND ADOPTION PROGRAMS. 30,956
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    86,356
    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
    86,356
    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
    86,356
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    1,295
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    85,061
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,253
    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 2011 from Part VI, line 5......
    2a
     
    b
    Income tax for 2011. (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
    1,165,660
    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
    1,165,660
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,165,660
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$  
    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  
    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  
    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 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
    2002-04-04
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
    0       0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		1,165,660 305,630 695,889 1,150,833 3,318,012
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		122,996       122,996
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		1,042,664 305,630 695,889 1,150,833 3,195,016
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ...... 8,485,169 8,628,980 153,400 85,882 17,353,431
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 8,485,169 8,628,980 153,400 85,882 17,353,431
    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) ....     		         
    (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).)
    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:
    ADRIENNE WELLS CASTANEDA
    17083 OLD COACH ROAD
    POWAY,CA920641417
    (858) 391-2973
    bThe form in which applications should be submitted and information and materials they should include:
    SEE FEDERAL SUPPLEMENTAL INFORMATION.
    cAny submission deadlines:
    DECEMBER 31, 2007
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE FEDERAL SUPPLEMENTAL INFORMATION.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    THE WIN FOUNDATION
    1730 NEWPORT HILLS DRIVE WEST
    NEWPORT BEACH,CA92660     		NONE EXEMPT CHARITABLE 500
    SAN DIEGO POLICE OFFICERS ASSOCIATI
    8388 VICKERS STREET
    SAN DIEGO,CA92111     		NONE EXEMPT CHARITABLE 500
    SAN DIEGO FOOD BANK
    9850 DISTRIBUTION AVE
    SAN DIEGO,CA92121     		NONE EXEMPT CHARITABLE 120
    SAN DIEGO FIRE RESCUE FOUNDATION
    PO BOX 235837
    ENCINITAS,CA92023     		NONE EXEMPT CHARITABLE 250
    SD FELLOWSHIP OF CHRISTIAN ATHLETES
    PO BOX 2196
    VISTA,CA92085     		NONE EXEMPT ATHLETICS 1,000
    SAN DIEGO AZTECS 98
    631 WILMINGTON DR
    CHULA VISTA,CA91914     		NONE EXEMPT ATHLETICS 300
    PACIFIC BEACH COMMUNITY FOUNDATION
    2002 GRAND AVENUE
    SAN DIEGO,CA92109     		NONE EXEMPT CHARITABLE 250
    OUTDOOR OUTREACH
    5275 MARKET ST STE A
    SAN DIEGO,CA92114     		NONE EXEMPT CHARITABLE 1,000
    OPERATION FOR HOPE
    12463 RANCHO BERNARDO RD
    SAN DIEGO,CA92128     		NONE EXEMPT CHARITABLE 500
    PATH INTERNATIONAL
    PO BOX 33150
    DENVER,CO80233     		NONE EXEMPT CHARITABLE 2,000
    MONARCH SCHOOL
    808 W CEDAR ST
    SAN DIEGO,CA92101     		NONE EXEMPT EDUCATIONAL 1,000
    MIKE WHITMARSH FOUNDATION
    1821 HORSEMAN WAY
    RANCHO SANTA FE,CA92091     		NONE EXEMPT CHARITABLE 500
    LEUKEMIA LYMPHOMA SOCIETY
    1311 MAMRONECK AVE STE 310
    WHITE PLAINS,NY10605     		NONE EXEMPT MEDICAL 1,500
    KINGS COUNTY ANIMAL CONTROL
    10909 BONNEYVIEW LANE
    HANFORD,CA93230     		NONE EXEMPT CHARITABLE 250
    JUVENILE DIABETES RESEARCH FOUNDATI
    5665 OBERLIN DRIVE STE 106
    SAN DIEGO,CA92121     		NONE EXEMPT MEDICAL 1,200
    JEREMY BLOOM'S WISH OF A LIFETIME
    1821 BLAKE STREET 200
    DENVER,CO80200     		NONE EXEMPT CHARITABLE 250
    JENNA DRUCK FOUNDATION
    2820 ROOSEVELT RD STE 200
    SAN DIEGO,CA92106     		NONE EXEMPT EDUCATIONAL 1,500
    THE STEVE CROWDER TRUST
    12244 MIRASOL COURT
    SAN DIEGO,CA92128     		NONE EXEMPT CHARITABLE 400
    FRIENDS OF PACK 681-CUB SCOUTS
    10426 RANCHO CARMEL DRIVE
    SAN DIEGO,CA92128     		NONE EXEMPT EDUCATIONAL 100
    EMMANUEL FAITH COMMUNITY CHURCH
    639 E FELICITA AVE
    ESCONDIDO,CA92025     		NONE EXEMPT RELIGIOUS 1,000
    CUB SCOUT PACK 608
    14228 YORK AVENUE
    POWAY,CA92064     		NONE EXEMPT CHARITABLE 100
    CORNERSTONE THERAPEUTIC RIDING CENT
    25201 CREEK HOLLOW DRIVE
    RAMONA,CA92065     		NONE EXEMPT CHARITABLE 2,500
    COMMUNITY COACHING CENTER
    PO BOX 720072
    SAN DIEGO,CA92172     		NONE EXEMPT EDUCATION 1,000
    CHELSEA'S LIGHT FOUNDATION
    12463 RANCHO BERNARDO RD 5
    SAN DIEGO,CA92128     		NONE EXEMPT CHARITABLE 538
    CHALLENGED ATHLETES
    9591 WAPLES STREET
    SAN DIEGO,CA92121     		NONE EXEMPT ATHLETICS 250
    BOULDER OMS FOUNDATION
    12630 MONTE VISTA RD
    POWAY,CA92064     		NONE EXEMPT MEDICAL 2,500
    BEHCHLEY-WEINBERGER FOUNDATION
    3500 SPORTS ARENA BLVD
    SAN DIEGO,CA92110     		NONE EXEMPT EDUCATION 100
    ATHLETE RECOVERY FUND
    27636 YNEZ ROAD L-7 284
    TEMECULA,CA92591     		NONE EXEMPT CHARITABLE 20,000
    ANGELS FOSTER FAMILY AGENCY
    6160 FAIRMONT AVE STE H
    SAN DIEGO,CA92120     		NONE EXEMPT CHARITABLE 1,750
    ACTIVE FORCE FOUNDATION
    19069 VAN BUREN BLVD STE 114-366
    RIVERSIDE,CA92508     		NONE UNKNOWN CHARITABLE 5,000
    ATHLETES FOR EDUCATION
    4130 LA JOLLA VILLAGE DRIVE 206
    LA JOLLA,CA92037     		NONE EXEMPT CHARITABLE 4,500
    AMERICAN CANCER SOCIETY
    2655 CAMINO DEL RIO N 100
    SAN DIEGO,CA92108     		NONE EXEMPT CHARITABLE 500
    PEGASUS RISING PROJECT
    PO BOX 8562
    RANCHO SANTA FE,CA92067     		NONE EXEMPT CHARITABLE 500
    Cinderella's Attic San Diego
    1875 Pentuckett Avenue
    SAN DIEGO,CA92104     		NONE unknown Funding of prom dresses for underserved teenage girls 500
    Bilateral Safety Corridor Coalition
    2050 WILSON AVE STE C
    NATIONAL CITY,CA91950     		NONE unknown Funding for awareness on human trafficking 500
    The Arc of San Diego
    3030 Market Street
    SAN DIEGO,CA92102     		NONE unknown CHARITABLE 5,000
    Tijuana River Valley Animal Rescue
    2133 2nd Ave
    San Diego,CA92101     		NONE unknown Funding for Horse care supportRescue provides a sanctuary and rehabilitation center for Equine 5,098
    Saving the Horses Inc
    8840 Hunter Pass
    ALPINE,CA91901     		NONE unknown Funding to assist organization that rescues horses from slaughter and abuse 500
    SAN PASQUAL ACADEMY
    17701 San Pasqual Valley
    Escondido,CA92025     		NONE unknown Funding for educational materials for youth at San Pasqual Academy High School 1,892
    San Diego Las Hermanas
    774 Singing Vista Drive
    El Cajon,CA92109     		NONE unknown Funding for children in need of care and protection within the San Diego community 1,000
    Horses of Tir Na Nog
    6364 Arms Lake Ave
    San Diego,CA92119     		NONE unknown Funding for the care of horses rescued requiring a better quality of life 5,000
    Falcon Ridge Horse Rescue
    PO Box 1500
    Valley Center,CA92082     		NONE unknown Funding for Horse care supportRescue provides a sanctuary and rehabilitation center for Equine 3,000
    Skills Centers of America College
    6255 University Ave Ste A-1
    SAN DIEGO,CA92115     		NONE unknown Funding for vocational training scholarships in printing and graphic design for underprivileged youth in San Diego County 25,000
    Shoes That Fit
    1420 NClaremont Blvd107-B
    SAN DIEGO,CA91711     		NONE unknown Funding to purchase new shoes for underprivileged children in need 1,000
    San Diego Humane Society SPCA
    5500 Gaines Street
    SAN DIEGO,CA92111     		NONE unknown Funding for underprivileged children to take part in animal adventure summer camp 1,000
    CYSTIC FIBROSIS FOUNDATION
    10455 SORRENTO VALLEY RD STE 103
    SAN DIEGO,CA92121     		NONE UNKNOW GENERAL PROGRAM SUPPORT 250
    BOYS GIRLS CLUBS OF GREAT SD
    4635 Clairemont Mesa Blvd
    SAN DIEGO,CA92117     		NONE UNKNOW AFTER SCHOOL PROGRAM 2,500
    Toby Wells Kearny Mesa YMCA
    5505 Friars Road
    SAN DIEGO,CA92110     		NONE UNKNOW CAPITAL CAMPAIGN - TOBY WELLS YMCA 5,724
    San Diego Hippotherapy
    14573 Rios Canyon Road
    EL CAJON,CA92021     		NONE UNKNOW funding given to assist with costs associated with feed and care of therapy horses 1,500
    Canine Companions for Independ
    124 Rancho Del Oro Drive
    Oceanside,CA92057     		NONE unknown GUIDE DOG PLACEMENT SCHOLARSHIPS 5,000
    HELEN WOODWARD ANIMAL CENTER
    PO Box 64
    Rancho Santa Fe,CA92067     		NONE unknown THERAPEUTIC RIDING SCHOLARSHIPS 5,174
    Total .................................bullet 3a 122,996
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments          
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory          
    9 Net income or (loss) from special events:     2 119,236  
    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)..   119,236  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13119,236
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID: 11000144
    Software Version: 2011v1.2


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    OMB No. 1545-0047
    2011
    Name of organization
    TOBY WELLS FOUNDATION
     
    Employer identification number

    33-0946827
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    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
    Special Rules
    ......................... 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
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    TOBY WELLS FOUNDATION
          		Employer identification number

    33-0946827
    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
    6
     
     

    OAKLEY COMMUNITY OUTREACH    
    1 ICON
       
    FOOTHILL RANCH, CA   92610

    		$15,000




    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    WELLS-CECO LLC    
    17083 OLD COACH ROAD
       
    POWAY, CA   920641417

    		$32,000




    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
     
     

    LLOYD H LYNN D WELLS    
    17083 OLD COACH ROAD
       
    POWAY, CA   920641417

    		$812,772




    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    ASPCA BAR COALITION    
    424 E 92ND ST
       
    NEW YORK, NY   101286804

    		$50,000




    (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
     
     

    LLOYD WELLS GIFT TRUST 1987    
    17083 OLD COACH ROAD
       
    POWAY, CA   920641417

    		$100,000




    (Complete Part II if there is a noncash contribution.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    GIFTS OF LESS THAN 1000    
    17083 OLD COACH ROAD
       
    POWAY, CA   920641417

    		$5,280




    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Page 3
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    TOBY WELLS FOUNDATION
          		Employer identification number

    33-0946827
    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
    TOBY WELLS FOUNDATION
          		Employer identification number

    33-0946827
    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    		 (c)
    Use 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    		 (c)
    Use 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    		 (c)
    Use 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    		 (c)
    Use 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: 11000144
    Software Version: 2011v1.2

    TY 2011 AccountingFeesSchedule
    Name:
    TOBY WELLS FOUNDATION
    EIN: 33-0946827
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 1,706 0 0 1,706

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

    TY 2011 DepreciationSchedule
    Name:
    TOBY WELLS FOUNDATION
    EIN: 33-0946827
    Software ID:11000144
    Software Version:2011v1.2
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDINGS 2010-12-31 4,988,279   87 2.56 % 127,899      
    BUILDINGS 2010-12-31 1,483,725   87 2.56 % 38,043      
    Pegasus Trailer 2009-08-25 137,051 71,266 53 19.20 % 26,314      
    MARGARITA MACHINE 2006-07-31 1,978 1,865 53 5.76 % 113      
    2006 CLUB CAR PRESIDENT 2006-05-25 9,246 8,713 53 5.76 % 533      

    TY 2011 LandEtcSchedule2
    Name:
    TOBY WELLS FOUNDATION
    EIN: 33-0946827
    Software ID:11000144
    Software Version:2011v1.2
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 2,027,996   2,027,996  
    Buildings 6,472,004 165,942 6,306,062  
    Furniture and Fixtures 11,224 11,224   8,373,529
    Auto./Transportation Equip. 137,051 97,580 39,471  


    TY 2011 LegalFeesSchedule
    Name:
    TOBY WELLS FOUNDATION
    EIN: 33-0946827
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 831 0 0 831


    TY 2011 OtherExpensesSchedule
    Name:
    TOBY WELLS FOUNDATION
    EIN: 33-0946827
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    UTILITIES - BAR 81,842     81,842
    TELEPHONE - BAR 1,451     1,451
    Special Event Expenses 77,560     77,560
    SD EQUINE SAFETY NET COALITION 30,956     30,956
    SAFETY PROTECTION - BAR 250     250
    REPAIRS & MAINTENANCE - BAR 78,533     78,533
    POSTAGE & SHIPPING - BAR 74     74
    POSTAGE 176     176
    PERMITS AND OTHER FEES 10     10
    OPERATING SUPPLIES - BAR 14,482     14,482
    OFFICE SUPPLIES - BAR 2,268     2,268
    OFFICE SUPPLIES 4,165     4,165
    MISC EXPENSES - BAR 9,462     9,462
    LAWN MAINTENANCE - BAR 41,910     41,910
    LABOR - BAR 430,382     430,382
    INSURANCE - BAR 285     285
    INSURANCE 4,274     4,274
    HORSE FEED - BAR 58,173     58,173
    FIRE PROTECTION - BAR 2,064     2,064
    DUES & SUBSCRIPTIONS - BAR 36     36
    DUES & SUBSCRIPTIONS 2,547     2,547
    DRINKING WATER - BAR 2,772     2,772
    CONSULTING FEE EXPENSE 1,450     1,450
    BEDDING - BAR 7,949     7,949
    BANK CHARGES 2,700     2,700
    ANIMAL CARE - BAR 109,322     109,322
    ADVERTISING & PROMOTION - BAR 27,990     27,990
    ADVERTISING & PROMOTION 1,883     1,883


    TY 2011 OtherIncomeSchedule2
    Name:
    TOBY WELLS FOUNDATION
    EIN: 33-0946827
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Income From Special Events 187,789    


    TY 2011 SubstantialContributorsSch
    Name:
    TOBY WELLS FOUNDATION
    EIN: 33-0946827
    Software ID:11000144
    Software Version:2011v1.2
    Name Address
    WELLS-CECO LLC 17083 OLD COACH ROAD
    POWAY,CA920641417
    ASPCA 424 E 92ND ST
    NEW YORK,NY101286804
    LLOYD WELLS GIFT TRUST 1987 17083 OLD COACH ROAD
    POWAY,CA920641417
    LLOYD AND LYNN WELLS 73085 OLD COACH RD
    POWAY,CA920641417


    TY 2011 TaxesSchedule
    Name:
    TOBY WELLS FOUNDATION
    EIN: 33-0946827
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 45,161     45,161