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
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012
Name of foundation
Adams Family Fndn of Nora Springs IA
 

Number and street (or P.O. box number if mail is not delivered to street address)215 10th Street Room 1300   Room/suite
City or town, state, and ZIP code
Des Moines, IA50309
A Employer identification number

25-5100130
B Telephone number (see instructions)

(515) 246-7984
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$8,844,051J 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) 680,000
2 Check bullet
3 Interest on savings and temporary cash investments 1,329 1,329  
4 Dividends and interest from securities...... 212,569 204,657  
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 88,288
b Gross sales price for all assets on line 6a 976,013
7 Capital gain net income (from Part IV, line 2)... 88,288
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 150 150  
12 Total. Add lines 1 through 11........ 982,336 294,424  
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 6,923     6,923
b Accounting fees (attach schedule)....... Click to see attachment 2,950 1,966   984
c Other professional fees (attach schedule).... Click to see attachment 15,879 15,183    
17 Interest............... 54 54    
18 Taxes (attach schedule) (see instructions) Click to see attachment 16,528 888    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,636 558   2,078
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 44,970 18,649   9,985
25 Contributions, gifts, grants paid........ 222,301 222,301
26 Total expenses and disbursements. Add lines 24 and 25 267,271 18,649   232,286
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 715,065
b Net investment income (if negative, enter -0-) 275,775
c Adjusted net income (if negative, enter -0-)...  
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............... 305 860 860
2 Savings and temporary cash investments.......... 287,841 1,039,069 1,039,069
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) 268,312 Click to see attachment161,831 169,444
b Investments—corporate stock (attach schedule)........ 6,864,108 Click to see attachment6,918,516 7,634,678
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment-266 Click to see attachment-1,076  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,420,300 8,119,200 8,844,051
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......... 7,420,300 8,119,200
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).................... 7,420,300 8,119,200
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 7,420,300 8,119,200
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 7,420,300
2 Enter amount from Part I, line 27a..................... 2 715,065
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 16,946
4 Add lines 1, 2, and 3.......................... 4 8,152,311
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 33,111
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 8,119,200
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.)
1 a 67,121.951 sh Franklin Inv Sec Tr   2011-08-31 2012-08-01
b Goodrich Corp merger   2011-08-08 2012-07-27
c 1,000 sh 3SBio Inc ADS   2011-08-17 2012-07-23
d Tootsie Roll Ins-cash in lieu   2011-08-05 2012-04-06
e Atlas Resource Ptr-cash in lieu   2012-03-19 2012-03-19
6 sh Atlas Resource Ptr   2012-03-19 2012-07-23
121 sh Global Sources Ltd   2009-12-24 2012-07-23
100 sh Amcol Intl Corp   2009-12-24 2012-07-23
96 hs Citigroup Inc   2009-12-24 2012-07-23
Fayette Co KY Sch Distr Fin   2009-12-24 2012-01-01
Fleming IS Plan N Cmnty Dev   2009-12-24 2012-05-01
165 sh Frontier Comm   2009-12-24 2012-07-23
Hillsborough Cnty FL A Aviation   2009-12-24 2012-10-01
Lake Cnty FL Sch   2009-12-24 2012-06-01
50 sh Research in Motion   2009-12-24 2012-07-23
Richardson, TX Ind Sch Dist   2009-12-24 2012-02-15
150 sh Schnitzer Steel Inds   2009-12-24 2012-07-23
100 sh Sterlite Inds   2009-12-24 2012-07-23
100 sh 3SBio Ind ADS   2009-12-24 2012-07-23
(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 688,000   694,712 -6,712
b 76,500   50,627 25,873
c 11,598   15,261 -3,663
d 11   13 -2
e 4   3 1
144   139 5
773   767 6
2,844   2,912 -68
2,349   3,182 -833
25,000   25,000  
20,000   20,000  
578   1,253 -675
25,000   25,000  
25,000   25,000  
319   3,361 -3,042
10,000   10,024 -24
4,036   7,230 -3,194
691   1,833 -1,142
1,160   1,408 -248
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       -6,712
b       25,873
c       -3,663
d       -2
e       1
      5
      6
      -68
      -833
       
       
      -675
       
       
      -3,042
      -24
      -3,194
      -1,142
      -248
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 88,288
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 26,575
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 124,562 5,931,261 000.021001
2010 36,000 435,482 000.082667
2009 20,000 333,511 000.059968
2008 16,289 288,988 000.056366
2007 10,000 200,789 000.049804
2 Total of line 1, column (d) ...................... 2 000.269806
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. . . 		3 000.053961
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 8,145,145
5 Multiply line 4 by line 3....................... 5 439,520
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,758
7 Add lines 5 and 6......................... 7 442,278
8 Enter qualifying distributions from Part XII, line 4.............. 8 232,286
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 5,516
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 5,516
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 5,516
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 7,820
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.............. Tax Paid Original Return: 7820 7 7,820
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 23
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 2,281
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet2,281 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)
    bulletIA
    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
     
    No
    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 addressbulletN/A
    14
    The books are in care ofbulletDeb O'Banion Telephone no.bullet (641) 425-5779
    Located atbulletPO Box 24 14 6th St NWNora SpringsIA ZIP+4bullet50458
    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
     
    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 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
     
    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
     
     
    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
    Kenneth E Kirk President
    005.00     		0    
    PO Box 335
    Osage,IA50461
    Bruce I Campbell Secretary
    004.00     		0    
    215 10th St Suite 1300
    Des Moines,IA50309
    Deb O'Banion Treasurer
    004.00     		0    
    PO Box 24 14 6th St NW
    Nora Springs,IA50458
    Ron Hoel Vice-Pres
    005.00     		0    
    404 3rd St NE
    Nora Springs,IA50458
    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
     
    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
     
    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 N/A 0
    2  
    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  
    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
    7,633,630
    b
    Average of monthly cash balances.......................
    1b
    635,553
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,269,183
    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
    8,269,183
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    124,038
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,145,145
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    407,257
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    407,257
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    5,516
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,516
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    401,741
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    401,741
    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
    401,741
    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 Click to see attachment..........
    1a
    232,286
    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
    232,286
    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
    232,286
    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 7 401,741
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 145,562
    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$ 232,286
    a Applied to 2011, but not more than line 2a 145,562
    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..... 86,724
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		315,017
    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
     
    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
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    None
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    None
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail of the person to whom applications should be addressed:
    Sally McConnell
    11561 48th Avenue
    St Petersburg,FL33708
    (727) 397-4004
    bThe form in which applications should be submitted and information and materials they should include:
    Letter request - no prescribed form
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Recipient of scholarship must attend a 2 yr or 4 yr post high school educational institution located in Iowa.
    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
    Meganne McMurray
    215 1st St NW
    Nora Springs,IA50458     		None   College scholarship 5,000
    Amy Rosenbaum
    24053 305th St
    Nora Springs,IA50458     		None   College scholarship 5,000
    Matthew Kelley
    405 2nd St NE
    Nora Springs,IA50458     		None   College scholarship 5,000
    Payton Comentino
    609 8th St NW
    Nora Springs,IA504588853     		None   College scholarship 5,000
    Ryan Stiles
    113 JJ Circle
    Nora Springs,IA504588611     		None   College scholarship 5,000
    NIACC Foundation
    500 College Dr
    Mason City,IA50401     		None   College scholarship 100,800
    Amy Rosenbaum
    24053 305th St
    Nora Springs,IA50458     		None   College scholarship 5,000
    Nora Springs Lions Club
    16 South Summitt
    Nora Springs,IA50458     		None   Doors for Community Center, operating expenses 6,000
    Portland Community Springers 4-H Club
    c/o Dave Luett 24040 260th St
    Nora Springs,IA50458     		None   Bird feeding community project 650
    Nora Springs-Rock Falls Youth Summer Ball Program
    c/o Kendra Kelley PO Box 182
    Nora Springs,IA50458     		None   Softball and baseball equipment 7,587
    City of Nora Springs
    14 N Hawkeye Ave
    Nora Springs,IA50458     		None   Pool repair 2,856
    Nora Springs Lions Club
    16 South Summitt
    Nora Springs,IA50458     		None   3 furnaces, 3 air conditioners 11,750
    Nora Springs Public Library
    PO Box 337
    Nora Springs,IA50458     		None   Donation 1,000
    Park Cemetery Association
    c/o Betty Kraninger 1055 135th St
    Nora Springs,IA50458     		None   Headstone restoration 17,000
    Park Cemetery Association
    North Wyatt
    Nora Springs,IA50458     		None   Donation 5,000
    City of Rudd
    PO Box 78
    Rudd,IA50471     		None   Rudd East Lake Park campground addition 9,000
    Central Springs Middle School
    PO Box 367
    Nora Springs,IA50458     		None   20 I-Pads for middle school computer lab 9,000
    Interfaith Council Food Bank
    c/o Lenard Hamand 416 1st St NE
    Nora Springs,IA50458     		None   Donation 1,000
    American Legion Post #449
    Michael Woodhouse Adjutant PO Box 4
    Nora Springs,IA50458     		None   Roof replacement project 4,658
    Nora Springs Historical Society
    c/o Colleen Shanks 1251 Dancer Ave
    Nora Springs,IA50458     		None   Donation 5,000
    First Church of Christ Scientist
    210 Massachusetts Ave P05-15
    Boston,MA02115     		None   General fund donation 1,000
    Fossil & Prairie Conservation Foundation
    PO Box 495
    Rockford,IA50458     		None   Donation-Winnebago Scout Camp 10,000
    Total .................................bullet 3a 222,301
    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
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 1,329  
    4 Dividends and interest from securities....     14 212,569  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory     18 88,288  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aRoyalty income from ltd ptp     15 7  
    bOrdinary inc from ltd ptp     14 297  
    cNet section 1231 loss from ltd ptp     14 -154  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   302,336  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13302,336
    (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: 12000057
    Software Version: 12.15.422.1
    Part VI Line 7 - Tax Paid Original Return: 7820


    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
    Adams Family Fndn of Nora Springs IA
     
    Employer identification number

    25-5100130
    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
    Adams Family Fndn of Nora Springs IA
          		Employer identification number

    25-5100130
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    		     
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    John R Adams Estate    
    in care of Sally McConnell 11561 48
       
    St Petersburg, FL   33708

    		$680,000


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

         
     
       

    		$  


    (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.)
    (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
    Adams Family Fndn of Nora Springs IA
          		Employer identification number

    25-5100130
    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) (2012)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
    Page 4
    Name of organization
    Adams Family Fndn of Nora Springs IA
          		Employer identification number

    25-5100130
    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: 12000057
    Software Version: 12.15.422.1

    TY 2012 AccountingFeesSchedule
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Williams Associates, PLC 2,950 1,966   984

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

    TY 2012 GainLossSaleOtherAssetsSch
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    67,121.951 sh Franklin Inv Sec Tr 2011-08   2012-08   688,000 694,712     -6,712  
    Goodrich Corp merger 2011-08   2012-07   76,500 50,627     25,873  
    1,000 sh 3SBio Inc ADS 2011-08   2012-07   11,598 15,261     -3,663  
    Tootsie Roll Ins-cash in lieu 2011-08   2012-04   11 13     -2  
    Atlas Resource Ptr-cash in lieu 2012-03   2012-03   4 3     1  
    6 sh Atlas Resource Ptr 2012-03   2012-07   144 139     5  
    121 sh Global Sources Ltd 2009-12   2012-07   773 767     6  
    100 sh Amcol Intl Corp 2009-12   2012-07   2,844 2,912     -68  
    96 hs Citigroup Inc 2009-12   2012-07   2,349 3,182     -833  
    Fayette Co KY Sch Distr Fin 2009-12   2012-01   25,000 25,000        
    Fleming IS Plan N Cmnty Dev 2009-12   2012-05   20,000 20,000        
    165 sh Frontier Comm 2009-12   2012-07   578 1,253     -675  
    Hillsborough Cnty FL A Aviation 2009-12   2012-10   25,000 25,000        
    Lake Cnty FL Sch 2009-12   2012-06   25,000 25,000        
    50 sh Research in Motion 2009-12   2012-07   319 3,361     -3,042  
    Richardson, TX Ind Sch Dist 2009-12   2012-02   10,000 10,024     -24  
    150 sh Schnitzer Steel Inds 2009-12   2012-07   4,036 7,230     -3,194  
    100 sh Sterlite Inds 2009-12   2012-07   691 1,833     -1,142  
    100 sh 3SBio Ind ADS 2009-12   2012-07   1,160 1,408     -248  

    TY 2012 GeneralExplanationAttachment
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Identifier Return Reference Explanation
        Form 990PF Part I Line 1 Contributions Gifts Grants Received Cash contributions from Estate of John R Adams 680000

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3206 shares of ATT Inc 89,880 108,074
    16558 shares of Alliant Energy Corp 51,754 72,803
    375 shares of Alliant Energy Corp 14,837 16,466
    200 shares of American Express Company 8,298 11,496
    200 shares of American Railcar Inds Inc Com 2,063 6,346
    125 shares of Apple Inc Com 46,603 66,522
    60 shares of Atlas Energy LP Com Units 955 2,084
    127 shares of Barrick Gold Corp Com 5,137 4,446
    300 shares of BHP Billiton Ltd Spons ADR 23,768 23,526
    750 shares of CH Robinson Worldwide Inc 50,493 47,415
    700 shares of Canadian Natl Ry Co Com 49,697 63,707
    550 shares of 63707 50,111 49,285
    495285 shares of Chevron Corp New Com 47,386 54,070
    54070 shares of Chicago Bridge Iron Co 47,915 69,525
    69525 shares of Cisco Systems Inc 2,389 1,965
    1965 shares of Coca Cola Company 52,923 58,000
    256 shares of Comcast Corp Cl A 4,372 9,564
    300 shares of Corning Inc Com 5,799 3,786
    100 shares of Coventry Health Care Inc Com 2,521 4,483
    500 shares of Coventry Health Care Inc Com 15,672 22,415
    200 shares of DXP Enterprises Inc Com New 2,608 9,814
    650 shares of Deere Co. 47,211 56,173
    400 shares of Delta Airlines Inc Com New 4,710 4,748
    600 shares of Diageo PLC Spons ADR New 47,184 69,948
    1100 shares of DIrectTV Com Cl A 48,946 55,176
    100 shares of EV Energy Partners LP Com 3,031 5,656
    600 shares of Ebay Inc Com 14,379 30,599
    400 shares of Ford Motor Co Del Com 4,052 5,180
    3000 shares of General Electric Co Com 47,832 62,970
    20 shares of Google Inc 12,318 14,148
    500 shares of HDFC Bk Ltd ADRRepstg 3 SHS 13,057 20,360
    900 shares of Hershey Co Com 50,650 64,998
    1500 shares of Hewlett Packard Co Com 48,714 21,375
    1800 shares of Hormel Foods Corp 50,538 56,178
    1100 shares of Ingredion Inc Com 49,691 70,873
    2400 shares of Intel Corp com 50,191 49,488
    1600 shares of Johnson Ctls Inc Com 51,097 49,072
    450 shares of Lorillard Inc Com 47,677 52,501
    485 shares of MGM Resorts Intl Com 4,668 5,645
    115 shares of MGM Resorts Intl Com 1,531 1,339
    600 shares of McDonalds Corp 50,201 52,926
    100 shares of Microsoft Corp 3,088 2,671
    100 shares of Mindray Med Intl Ltd Spons ADR Repstg 3,458 3,270
    850 shares of Mosaic Co New Com 50,554 48,135
    42 shares of Motorola Solutions Inc Com 1,363 2,339
    100 shares of Netgear Inc Com 2,203 3,943
    1800 shares of Owens Corning New Com 49,718 66,582
    700 shares of Philip Morris Intl Inc Com 48,823 58,548
    268 shares of Pioneer Nat Res Co Com 13,124 28,566
    800 shares of Procter Gamble Co Com 49,051 54,312
    11000 shares of Raymond James Finl Inc Com 266,970 423,830
    400 shares of Rio Tinto PLC Spons ADR 23,504 23,236
    1000 shares of Rockwell Collins In Del Com Stk 50,770 58,170
    1100 shares of Skyworks Solutions Inc Com 23,054 22,330
    100 shares of Tidewater Inc 4,765 4,468
    1905 shares of Tootsie Roll Inds Inc 49,798 49,378
    53 shares of Travelers Cos Inc Com 2,628 3,806
    550 shares of Union Pacific Corp Com 49,789 69,146
    500 shares of United Contl Hldgs Inc Com 6,555 11,690
    200 shares of Vale SA ADR 5,772 4,192
    600 shares of Vale SA ADR 16,462 12,576
    688 shares of Verizon Communications Com 20,841 29,770
    112 shares of Verizon Communications Com 4,259 4,846
    200 shares of Wells Fargo Co New Com 5,401 6,836
    600 shares of Yahoo Inc Com 10,020 11,940
    1400 shares of Plum Creek Timber Co Inc Com 50,191 62,118
    5691 shares of Dreyfus Fund 45,161 55,776
    999 shares of Fidelity Select Biotechnology Fund 28,574 109,875
    161617 shares of Franklin High Income Fund Class A 330,239 337,780
    40331 shares of Ivy High Income Fund Class A 341,500 344,429
    716 shares of Kinetics Small-Cap Opportunities Fund 14,788 18,031
    42397 shares of Principal High Yield II Fund 341,681 333,662
    42305 shares of Sentinel Common Stock Fund 346,827 420,077
    23517 shares of Templeton Global Bond Fund Class A 332,482 314,651
    938 shares of Vanguard Index Trust Total Stock 26,236 33,436
    1159 shares of Wells Fargo Advantage Large-Cap Grwth 36,941 39,364
    18397 shares of FPA Crescent Portfolio 511,394 538,830
    10937 shares of First Eagle Global Fund Class A 523,432 531,428
    19826 shares of Ivy Asset Strategy Fund Class A 500,017 513,085
    10753 shares of Permanent Portfolio Fund 507,024 523,026
    19835 shares of Franklin Inv Low Dur Ret A 205,288 203,106
    9672 shares of Franklin Inv Low Dur Ret A 100,000 99,033
    22173 shares of Franklin Inv Floating Rate Daily A 200,000 202,439
    17990 shares of Franklin Funds Total Return Fd Cl A 188,000 185,841
    23092 shares of Templeton Global Bond Fund Class A 303,912 308,966

    TY 2012 InvestmentsGovtObligationsSch
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    161,831
    State & Local Government Securities - End of Year Fair Market Value:


    169,444


    TY 2012 LegalFeesSchedule
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Davis Brown 6,923     6,923


    TY 2012 OtherAssetsSchedule
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Basis adjustment Transamerica 5GE-044326 -266 -1,076  


    TY 2012 OtherDecreasesSchedule
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Description Amount
    Transamerica 5GE-044326 Ivy High Inc Fd div pd 1/3/13, included in 2012 income 2,301
    Transamerica 5GE-044326 Principal High Yield div pd in 2013, included in 2012 income 2,411
    Transamerica 5GE-044326 Frontier Communications basis reduction 79
    Transamerica 08H-217666 ord div 920 LTCG 20,420 pd 1/3/13, included in 2012 income 21,340
    IBA Securities Franklin Floating Rate div pd 1/2/13 but included in 2012 income 672
    IBA Securities Franklin Total Return div pd 1/2/13 but included in 2012 income 1,390
    IBA Securities Franklin Total Return LTCG dist 1,382 STCG 1,493 pd 1/2/13 included in 2012 inc 2,875
    IBA Securities Franklin Low Dur div pd 1/2/13 but included in 2012 income 1,924
    Penalties 119


    TY 2012 OtherExpensesSchedule
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank charges 5     5
    Director Officer Liability Insurance 1,973     1,973
    EV Energy Partners, LP-depletion 295 295    
    Investment fees 58 58    
    Postage 49     49
    Supplies 51     51
    EV Energy Partners, LP-section 59e2 expenditures 205 205    


    TY 2012 OtherIncomeSchedule2
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    EV Energy Partners, LP-net section 1231 gain loss -154 -154  
    EV Energy Partners, LP-Royalties 7 7  
    EV Energy Partners, LP-Ordinary income from partnership 297 297  


    TY 2012 OtherIncreasesSchedule
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Description Amount
    Transam 5GE-044326 Frontier Communications basis assigned to Atlas Resource Ptrs, LP spin-off 142
    IBA Securities div pd 1/3/12 included in 2011 income 10,494
    IBA Securities div pd 1/3/12 included in 2011 income 1,621
    Transamerica 05GE-044326 div pd in 2012 included in 2011 income 4,688
    rounding 1


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TransAmerica investment advisory fees 15,879 15,183    


    TY 2012 SubstantialContributorsSch
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Name Address
    Estate of John R Adams c/o Sally McConnell 11561 48th Av N
    St Petersburg,FL33708


    TY 2012 TaxesSchedule
    Name:
    Adams Family Fndn of Nora Springs IA
    EIN: 25-5100130
    Software ID:12000057
    Software Version:12.15.422.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign tax paid 888 888    
    Tax on investment income 15,640