Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
KYLE KORVER FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)1780 SUNRISE PARK CIRCLE   Room/suite
City or town, state, and ZIP code
SANDY, UT84093
A Employer identification number

20-5879443
B Telephone number (see instructions)

(801) 599-4751
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$841,035J 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 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) 693,759
2 Check bullet
3 Interest on savings and temporary cash investments 20,173 20,173 20,173
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 Click to see attachment 84
b Gross sales price for all assets on line 6a 1,000
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 145,995   145,995
12 Total. Add lines 1 through 11........ 860,011 20,173 166,168
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 152,356      
15 Pension plans, employee benefits....... 14,545      
16a Legal fees (attach schedule)......... Click to see attachment 8,647      
b Accounting fees (attach schedule)....... Click to see attachment 1,500      
c Other professional fees (attach schedule).... Click to see attachment 33,809 4,299 4,916 23,421
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 32      
19 Depreciation (attach schedule) and depletion... Click to see attachment 15,974    
20 Occupancy.............. 40,834   403 20,131
21 Travel, conferences, and meetings....... 8,801   1,554 3,141
22 Printing and publications.......... 3,338   2,708 56
23 Other expenses (attach schedule)....... Click to see list of attachments 361,866   136,414 174,061
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 641,702 4,299 145,995 220,810
25 Contributions, gifts, grants paid........ 252,985 252,985
26 Total expenses and disbursements. Add lines 24 and 25 894,687 4,299 145,995 473,795
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -34,676
b Net investment income (if negative, enter -0-) 15,874
c Adjusted net income (if negative, enter -0-)... 20,173
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
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............... 119,272 30,520 119,272
2 Savings and temporary cash investments.......... 158,159 143,508 158,159
3 Accounts receivable bullet531
Less: allowance for doubtful accounts bullet   5,648 531 5,648
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........... 11,396 3,317 11,396
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)........... 544,980 Click to see attachment603,070 544,980
14 Land, buildings, and equipment: basis bullet139,567
Less: accumulated depreciation (attach schedule) bullet37,611 48,093 Click to see attachment101,956  
15 Other assets (describe bullet) Click to see attachment1,580 Click to see attachment1,580 Click to see attachment1,580
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 889,128 884,482 841,035
Liabilities 17 Accounts payable and accrued expenses.......... 1,435 1,441
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment13,586 Click to see attachment849
23 Total liabilities (add lines 17 through 22).......... 15,021 2,290
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 874,107 882,192
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 874,107 882,192
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 889,128 884,482
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)............... 1 874,107
2 Enter amount from Part I, line 27a..................... 2 -34,676
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 42,761
4 Add lines 1, 2, and 3.......................... 4 882,192
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. 6 882,192
Form 990-PF (2012)
Form 990-PF (2012)
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 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))
2011      
2010      
2009      
2008      
2007      
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 2012 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.
Form 990-PF (2012)
Form 990-PF (2012)
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 1 317
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............................ 3 317
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- ..... 5 317
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 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 9 317
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 2013 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
 
 
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 instructions)
    bulletUT
    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 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    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 instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.KYLEKORVERFOUNDATION.COM
    14
    The books are in care ofbulletERIC WINTER Telephone no.bullet (801) 599-7451
    Located atbullet1780 SUNRISE PARK CIRCLESANDYUT ZIP+4bullet84093
    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 2012, 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 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 (2012)
    Form 990-PF (2012)
    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
     
     
    .........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 2012?.............
    1c
     
     
    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 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    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 instructions.) ..............
    2b
     
     
    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 2012 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 2012.)....................
    3b
     
     
    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 2012?
    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 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 instructions)? ......
    5b
     
     
    .........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
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    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 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
    KYLE KORVER CO BOULEVARD MGMTClick to see attachment PRESIDENT
    10.00     		0 0 0
    21731 VENTURA BOULEVARD SUITE 300
    WOODLAND HILLS,CA913641851
    LAINE KORVERClick to see attachment VICE PRESIDE
    5.00     		0 0 0
    21731 VENTURA BOULEVARD SUITE 300
    WOODLAND HILLS,CA913641851
    LESTER KNISPEL CO BOULEVARD MGMTClick to see attachment TREASURER
    5.00     		0 0 0
    21731 VENTURA BOULEVARD SUITE 300
    WOODLAND HILLS,CA913641851
    JEFF SCHWARTZ CO BOULEVARD MGMTClick to see attachment SECRETARY
    5.00     		0 0 0
    21731 VENTURA BOULEVARD SUITE 300
    WOODLAND HILLS,CA913641851
    2 Compensation of five highest-paid employees (other than those included on line 1—see 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
    KLAYTON E KORVERClick to see attachment EMPLOYEE
    40.00     		51,856    
    1629 N BURLING 3F
    CHICAGO,IL60614
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see 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 PROVIDING ATHLETIC OPPORTUNITIES, ACADEMIC SUPPORT, AND CHRISTIAN GUIDANCE TO INNER-CITY CHILDREN IN URBAN AREAS SUCH AS PHILADELPHIA, OMAHA, CHICAGO & SALT LAKE CITY. 92,919
    2 SMALL CONSTRUCTION PROJECTS FOR UNDERPRIVILEGED FAMILIES AND INDIVIDUALS, SUCH AS WHEEL CHAIR RAMPS AND HANDICAPPED ACCESS. 127,892
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see 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
    582,622
    b
    Average of monthly cash balances.......................
    1b
    237,175
    c
    Fair market value of all other assets (see instructions)................
    1c
    101,957
    d
    Total (add lines 1a, b, and c).........................
    1d
    921,754
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    921,754
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    13,826
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    907,928
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    45,396
    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 2012 from Part VI, line 5......
    2a
     
    b
    Income tax for 2012. (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 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 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
    473,795
    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
    473,795
    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 instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    473,795
    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 (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2012:
    a From 2007.......  
    b From 2008.......  
    c From 2009.......  
    d From 2010.......  
    e From 2011.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 473,795
    a Applied to 2011, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount.....  
    e Remaining amount distributed out of corpus 473,795
    5 Excess distributions carryover applied to 2012.    
    (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 5 473,795
    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 instructions ...........     		 
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2008....  
    b Excess from 2009....  
    c Excess from 2010....  
    d Excess from 2011....  
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see 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 2012, enter the date of the ruling.......bullet
    2012-01-01
    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) 2012 (b) 2011 (c) 2010 (d) 2009
    20,173       20,173
    b 85% of line 2a ......... 17,147       17,147
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		473,795       473,795
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		473,795       473,795
    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...     		30,264       30,264
    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 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).)
    KYLE KORVER
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    CUTTING EDGE MINISTRIES
    CUTTING EDGE MINISTRIES
    557 SARATOGA DRIVE
    557 SARATOGA DRIVE
    ELBURN,IL60119     		    SUPPORT FILM DEVELOPMENT 3,000
    KING ROCK
    KING ROCK
    1431 SOUTH REDWOOD ROAD
    1431 SOUTH REDWOOD ROAD
    WOODS CROSS,UT84087     		    SPONSORSHIP 1,500
    CREIGHTON UNIVERSITY
    CREIGHTON UNIVERSITY
    2500 CALIFORNIA PLACE
    2500 CALIFORNIA PLACE
    OMAHA,NE68178     		    PLEDGE DONATION 125,000
    ABIDE NETWORK
    ABIDE NETWORK
    3335 FOWLER AVENUE
    3335 FOWLER AVENUE
    OMAHA,NE68111     		    FUNDRAISING CONTRIBUTION 26,000
    RISEN LIFE CHURCH
    RISEN LIFE CHURCH
    2780 EAST 3900 SOUTH
    2780 EAST 3900 SOUTH
    SALT LAKE CITY,UT84124     		    FAMILY SUPPORT 400
    RACE IT TOUGH TOUGH MUDDER
    RACE IT TOUGH/ TOUGH MUDDER
    63 PEARL STREET
    63 PEARL STREET
    BROOKLYN,NY11201     		    TEAM SPONSORSHIP 943
    Total .................................bullet 3a 156,843
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2012)
    Form 990-PF (2012)
    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 instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    aSEER GROUP EVENTS     2    
    bPHILPADELPHIA MISSION     2    
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 20,173  
    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         84
    9 Net income or (loss) from special events:     6 -127,683  
    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)..   -107,510 84
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-107,426
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    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
    Sign Here
    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
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    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
    2012
    Name of the organization
    KYLE KORVER FOUNDATION
     
    Employer identification number

    20-5879443
    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) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 2
    Name of organization
    KYLE KORVER FOUNDATION
          		Employer identification number

    20-5879443
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    KYLE KORVER    
    21731 VENTURA BOULEVARD
    SUITE 300  
    WOODLAND HILLS, CA   913641851

    		$596,104


    (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
     
     

    KIND LLC    
    55 WEST 21ST STREET
       
    NEW YORK, NY   100106809

    		$7,000


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

    SEER OUTFITTERS LLC    
    1780 SUNRISE PARK CIRCLE
       
    SANDY, UT   84093

    		$77,763


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

         
     
       

    		$  


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

         
     
       

    		$  


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

         
     
       

    		$  


    (Complete Part II if there is a noncash contribution.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 3
    Name of organization
    KYLE KORVER FOUNDATION
          		Employer identification number

    20-5879443
    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
    3
    		 SHIRTS   $77,763 2012-05-15
    (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) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    Name of organization
    KYLE KORVER FOUNDATION
          		Employer identification number

    20-5879443
    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) (2012)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2012 AccountingFeesSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 1,500      

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

    TY 2012 AmortizationSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    ORGANIZATION COSTS 2007-01-01 3,061 2,551 5 510     3,061

    TY 2012 CompensationExplanation
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Person Name Explanation
    KYLE KORVER CO BOULEVARD MGMT  
    LAINE KORVER  
    LESTER KNISPEL CO BOULEVARD MGMT  
    JEFF SCHWARTZ CO BOULEVARD MGMT  

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    TY 2012 DepreciationSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    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
    COMPUTER EQUIPMENT 2008-02-20 4,343 4,040 S/L 5.0000 303      
    32 GB IPAD 2010-09-15 843 225 S/L 5.0000 168      
    APPLE COMPUTERS 2011-12-31 3,148   S/L 5.0000 630      
    WELLS CARGO TRAILER 2009-03-30 3,192 1,756 S/L 5.0000 638      
    CAMERA 2009-05-01 377 201 S/L 5.0000 76      
    COMPRESSOR 2009-05-05 293 156 S/L 5.0000 59      
    HARDWOOD FLOOR NAILER 2009-05-18 512 264 S/L 5.0000 103      
    LADDER 2009-06-22 221 111 S/L 5.0000 44      
    ROOF RACKS FOR TRAILER 2009-07-01 149 75 S/L 5.0000 29      
    BRANDING IRON & LOGO 2009-10-20 471 204 S/L 5.0000 94      
    SHELVING FOR WAREHOUSE 2009-10-23 959 352 S/L 5.0000 191      
    DESK & FILES 2009-10-27 600 220 S/L 5.0000 120      
    ROCKWELL SPINDLE SANDER 2009-11-04 214 93 S/L 5.0000 42      
    SHOP VAC 2009-11-08 159 69 S/L 5.0000 32      
    DRILL PRESS 2009-11-18 150 63 S/L 5.0000 30      
    HANDSAW 2009-11-18 50 21 S/L 5.0000 10      
    TABLE SAW 2010-10-21 950 222 S/L 5.0000 190      
    80 GAL AIR COMPRESSOR 2010-10-25 899 210 S/L 5.0000 180      
    DUST COLLECTION SYSTEM 2010-10-28 1,566 365 S/L 5.0000 313      
    SHOP ELECT IMP 2010-11-02 3,178 742 S/L 5.0000 635      
    CANTILEVER RACKING 2011-01-05 721 144 S/L 5.0000 144      
    BAND SAW 2011-02-11 450 83 S/L 5.0000 90      
    DRILL PRESS 2011-02-21 480 80 S/L 5.0000 96      
    BOSCH 12" METER SAW 2011-02-25 970 162 S/L 5.0000 194      
    CHAIN SAY 2011-03-29 300 45 S/L 5.0000 60      
    2000 WATT GENERATOR 2011-03-29 1,000 150 S/L 5.0000 200      
    JACK HAMMER 2011-06-06 532 62 S/L 5.0000 106      
    DEWALT 13" PLANER 2011-07-20 629 52 S/L 5.0000 126      
    6" DELTA JOINTER 2011-09-09 395 26 S/L 5.0000 79      
    TROY 824 XL SNOW BLOWER 2011-11-01 650 22 S/L 5.0000 130      
    DOMINO TOOL 2011-11-02 1,135 38 S/L 5.0000 227      
    WELDER 2011-11-28 498 8 S/L 5.0000 100      
    TV FOR SHOP 2011-12-07 589 10 S/L 5.0000 118      
    SECURITY CAMERAS FOR SHOP 2011-12-08 396 7 S/L 5.0000 79      
    TRANE 5 TON SYSTEM 2009-05-06 7,500 4,000 S/L 5.0000 1,500      
    HARDWOOD FLOORS 2009-05-23 2,500 646 S/L 10.0000 250      
    FIRE ALARM SYSTEM 2011-09-19 4,900 123 S/L 10.0000 490      
    REPAIR WINDOWS AT MISSIONS 2011-09-27 2,460 62 S/L 10.0000 246      
    EMERGENCY OUTDOOR SAFETY 2011-12-08 600 5 S/L 10.0000 60      
    BRICK CHIMNEY 2011-11-21 2,675 22 S/L 10.0000 268      
    BRICKS AROUND WINDOWS 2011-12-14 1,850 15 S/L 10.0000 185      
    EMERGENCY STAIRCASE 2011-12-27 783   S/L 10.0000 78      
    CHEVY TRUCK 2009-10-17 3,200 1,387 S/L 5.0000 640      
    BOX FOR TRUCK 2009-11-23 256 107 S/L 5.0000 51      
    2009 BIG TEX TRAILERS 2010-04-28 1,665 555 S/L 5.0000 194      
    2002 CHEVY TRUCK 2010-07-27 7,500 2,125 S/L 5.0000 1,500      
    APPLY COMPUTER-KLAY 2012-05-14 1,451   S/L 5.0000 193      
    POWERMATIC 20" PLANER 2012-02-25 3,570   S/L 5.0000 595      
    POWERMATIC 60HH 8" 2012-02-25 1,870   S/L 5.0000 312      
    PERFOMAX 22-44 DRUM 2012-02-25 1,615   S/L 5.0000 269      
    TOOLS FOR POSTS 2012-03-29 1,000   S/L 5.0000 150      
    PAINT BOOTH 2012-04-13 360   S/L 5.0000 54      
    FIRE BOX FOR PAINT 2012-05-31 400   S/L 5.0000 47      
    GRACO 210ES 2012-08-16 899   S/L 5.0000 60      
    DW 3800 2012-08-20 894   S/L 5.0000 60      
    TRUCK BOX 2012-09-25 660   S/L 5.0000 33      
    BIG BUBBA TRAILER 2012-07-23 3,749   S/L 5.0000 312      
    CHEVY DURAMAX 2012-09-12 38,866   S/L 5.0000 2,591      
    JAMES WARWICK-ELECTICAL 2012-08-14 927   S/L 10.0000 39      
    EMERGENCY RESPONSE SYSTEM - FIRE ALARM 2012-11-21 2,500   S/L 10.0000 21      
    ROBERT PETERS-CONTRACTOR 2012-12-18 8,827   S/L 10.0000        
    SAND FREE FRANCHISING-FLOORING 2012-12-30 2,475   S/L 10.0000        
    PAINT BOOTH 2012-06-03 1,200   S/L 5.0000 140      

    TY 2012 EmployeeCompensationExpln
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Employee Explanation
    KLAYTON E KORVER  

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    2009 BIG TEX TRAILERS 2010-04 PURCHASE 2012-07   1,000 1,665     84 749

    TY 2012 InvestmentsOtherSchedule2
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    UBS FMV 603,070 544,980

    TY 2012 LandEtcSchedule2
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
      139,567 37,611 101,956  


    TY 2012 LegalFeesSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 8,647      


    TY 2012 OtherAssetsSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 1,580 1,580 1,580


    TY 2012 OtherExpensesSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PELLA EVENT        
    SHIPPING 6,000   -991 6,991
    PROMOTIONAL 1,161   -192 1,353
    CHICAGO SUPPLIES 18,601   -3,073 21,674
    COST OF GOODS SOLD 77,763   77,763  
    GOLF EVENT        
    BASKETBALL HOOPS 11,893   11,648 245
    BEVERAGES 4,767   4,669 98
    OMAHA EXPENSES 14,702   14,399 303
    SUPPLIES 17,197   16,843 354
    ADVERTISING 743   728 15
    SEER GROUP EVENTS        
    MEALS 3,503   -7,751 11,254
    FUEL 6,014   -13,307 19,321
    SMALL TOOLS & EQUIPMENT 14,470   -32,018 46,488
    SUPPLIES 8,545   -18,909 27,454
    COST OF GOODS SOLD 85,646   85,646  
    PHILPADELPHIA MISSION        
    ACTIVITY SUPPLIES 37,113   -1,398 38,511
    COST OF GOODS SOLD 2,357   2,357  
    EXPENSES        
    BANK FEES 155      
    SECURITY 667      
    INSURANCE 35,973      
    OFFICE SUPPLIES 2,958      
    POSTAGE & DELIVERY 1,765      
    TELECOMMUNICATIONS 3,753      
    UTILITIES 5,320      
    WEBSITE 290      


    TY 2012 OtherIncomeSchedule2
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PELLA EVENT 73,507   73,507
    GOLF EVENT 72,488   72,488


    TY 2012 OtherIncreasesSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 42,761


    TY 2012 OtherLiabilitiesSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARDS 13,586 849


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL SERVICE FEES 1,173      
    INVESTMENT FEES 4,299 4,299    
    GOLF EVENT 5,883   5,762 121
    PHILPADELPHIA MISSION 22,454   -846 23,300


    TY 2012 SubstantialContributorsSch
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Name Address
    KYLE KORVER 21731 VENTURA BOULEVARD
    SUITE 300
    WOODLAND HILLS,CA913641851


    TY 2012 TaxesSchedule
    Name:
    KYLE KORVER FOUNDATION
    EIN: 20-5879443
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENSES 32