Form990-PF
Click to see attachment

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

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2035   Room/suite
City or town, state, and ZIP code
EL PRADO, NM87529
A Employer identification number

76-0754268
B Telephone number (see page 10 of the instructions)

(575) 770-8247
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,442,765J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 285,775
2 Check bullet
3 Interest on savings and temporary cash investments 6,066 6,066 6,066
4 Dividends and interest from securities...... 104,265 104,265 104,265
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 127,893
b Gross sales price for all assets on line 6a 2,694,186
7 Capital gain net income (from Part IV, line 2)... 127,893
8 Net short-term capital gain......... 49,110
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).......      
12 Total. Add lines 1 through 11........ 523,999 238,224 159,441
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 17,198 4,300   12,899
15 Pension plans, employee benefits....... 4,038 1,010   3,029
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,212 4,606   4,606
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 2,196 610    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,562     2,562
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 35,688 31,634   4,054
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,894 42,160   27,150
25 Contributions, gifts, grants paid........ 178,750 178,750
26 Total expenses and disbursements. Add lines 24 and 25 249,644 42,160   205,900
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 274,355
b Net investment income (if negative, enter -0-) 196,064
c Adjusted net income (if negative, enter -0-)... 159,441
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2011)
Form 990-PF (2011)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 311,947 1,699,325 1,699,331
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) 39,313    
b Investments—corporate stock (attach schedule)........ 3,213,662 Click to see attachment1,580,878 1,675,240
c Investments—corporate bonds (attach schedule)........ 519,450 Click to see attachment1,077,163 1,068,194
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)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,084,372 4,357,366 4,442,765
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) Click to see attachment5,198 Click to see attachment3,837
23 Total liabilities (add lines 17 through 22).......... 5,198 3,837
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,079,174 4,353,529
30 Total net assets or fund balances (see page 17 of the
instructions).................... 4,079,174 4,353,529
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 4,084,372 4,357,366
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 4,079,174
2 Enter amount from Part I, line 27a..................... 2 274,355
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 4,353,529
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 4,353,529
Form 990-PF (2011)
Form 990-PF (2011)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a U.S. TRSRY INFLATION BON P 2008-09-08 2011-01-25
b CALL IBM JAN 00150.00 P 2011-01-05 2010-10-05
c CALL CCL P 2011-04-18 2010-12-29
d PEPSICO INC P 2009-12-28 2011-02-10
e BCE INC P 2010-05-14 2011-02-02
ICICI BANK LTD SPD ADR P 2010-02-03 2011-02-02
ABB LTD SPON ADR P 2010-02-03 2011-04-11
GRUPO TELEVISA SA ADR P 2010-02-03 2011-04-11
SONY CORP ADR NEW P 2010-02-03 2011-04-11
APTARGROUP INC P 2011-01-07 2011-09-20
NV ENERGY INC P 2011-02-24 2011-04-11
CELANESE CORP DEL SER A P 2010-10-12 2011-04-11
JETBLUE AIRWAYS CORP DEL P 2010-10-12 2011-01-25
SPIRIT AEROSYSTEMS HLDGS P 2010-06-07 2011-05-12
CRACKER BAREL OLD COUNTR P 2009-09-16 2011-01-25
MYLAN INC P 2009-03-05 2011-08-09
PRINCIPAL FINANCIAL GRP P 2009-12-11 2011-05-12
ANADARKO PETE CORP P 2011-03-03 2011-04-11
ALLERGAN INC P 2008-10-10 2011-04-11
PATTERSON COS INC P 2010-02-23 2011-04-11
GOLDMAN SACHS GRP P 2007-01-29 2011-01-18
MFB NORTHN FDS LARGE CAP VALUE P 2009-06-30 2011-12-15
POWERSHARES CLEANTECH PORT P 2010-02-25 2011-03-08
WALDEN SOCIAL EQTY FD P 2010-03-03 2011-11-28
AMERICAN BOND FUND OF AMERICA CL A P 2009-02-09 2011-02-02
CALL NKE OCT 00100.00 P 2011-10-24 2011-07-05
AFLAC INC COM P 2010-08-24 2011-06-02
PRAXAIR INC P 2010-08-24 2011-10-28
BCE INC P 2010-05-14 2011-04-11
MAGNA INTL INC CL A VTG P 2010-02-05 2011-02-02
BANCO SANTANDER SA ADR P 2010-02-03 2011-04-11
GRUPO TELEVISA SA ADR P 2010-02-03 2011-06-02
SONY CORP ADR NEW P 2010-02-03 2011-05-06
BJS WHOLESALE CLUB INC P 2011-01-11 2011-04-11
NV ENERGY INC P 2011-02-24 2011-08-09
CELANESE CORP DEL SER A P 2010-10-12 2011-08-25
JETBLUE AIRWAYS CORP DEL P 2010-10-12 2011-03-11
TRW AUTOMOTIVE HLDGS CRP P 2010-09-10 2011-01-25
CRACKER BAREL OLD COUNTR P 2009-09-16 2011-06-06
MYLAN INC P 2010-06-07 2011-08-09
PHARMERICA CORP P 2009-01-20 2011-01-25
DOVER CORP P 2011-02-10 2011-04-11
AMERICA MOVIL SAB DE CV P 2008-10-10 2011-04-11
PATTERSON COS INC P 2010-02-23 2011-09-02
MFB NORTHN INTL EQTY P 2007-11-30 2011-02-15
MFB NORTHN HI YIELD FXD P 2009-06-30 2011-12-15
WALDEN SOCIAL EQTY FD P 2011-03-17 2011-11-28
WALDEN SOCIAL EQTY FD P 2010-03-03 2011-03-17
AMERICAN CAP WORLD BD FD CL A P 2009-11-05 2011-02-02
CALL CAT MAY 00110.00 P 2011-05-12 2011-02-02
AMERICA MOVIL SAB DE CV P 2010-08-24 2011-06-23
SAP AG SHS P 2010-08-26 2011-12-20
COMPANHIA ENERG DE ADR P 2010-02-03 2011-02-02
NOVARTIS ADR P 2010-02-24 2011-02-02
BARRICK GOLD CORPORATION P 2010-02-03 2011-04-11
HSBC HLDG PLC SP ADR P 2010-05-14 2011-06-02
TENARIS S A ADR P 2010-02-03 2011-04-11
BJS WHOLESALE CLUB INC P 2011-01-11 2011-07-06
PHARMASSET INC P 2011-08-09 2011-11-22
CELANESE CORP DEL SER A P 2010-10-27 2011-08-25
MACERICH CO P 2010-06-07 2011-01-11
TRW AUTOMOTIVE HLDGS CRP P 2010-09-10 2011-04-11
DST SYSTEMS INC DEL P 2009-01-20 2011-01-25
NOVELLUS SYS INC P 2010-06-07 2011-12-16
PHARMERICA CORP P 2009-01-20 2011-04-11
FEDEX CORP DELAWARE COM P 2011-03-03 2011-04-11
AMERICA MOVIL SAB DE CV P 2008-10-10 2011-06-23
PATTERSON COS INC P 2010-05-14 2011-09-02
MFB NORTHERN GLOBAL P 2009-12-28 2011-02-15
MFB NORTHN FDS SMALL CAP INDEX P 2009-06-30 2011-12-15
ACCESS CAPITAL COMMUNITY INVEST P 2010-03-03 2011-03-17
MISC SALES P 2009-01-01 2011-12-31
AMERICAN CAP WORLD BD FD CL A P 2009-11-05 2011-10-14
CALL PX OCT 00120.00 P 2011-10-24 2011-07-05
ARCHER DANIELS MIDLD P 2010-09-10 2011-05-11
WALGREEN CO P 2010-08-24 2011-09-02
CANADIAN PACIFIC RAILWAY P 2010-05-14 2011-01-21
NATIONAL GRID PLC SP ADR P 2010-02-03 2011-01-14
BARRICK GOLD CORPORATION P 2010-02-03 2011-06-23
INFOSYS TECH LTD ADR P 2010-02-05 2011-04-11
TENARIS S A ADR P 2010-02-03 2011-09-02
DARDEN RESTAURANTS INC P 2011-06-08 2011-11-11
SM ENERGY CO SHS P 2011-01-07 2011-01-25
CONAGRA FOODS INC P 2010-03-11 2011-01-11
NOVELLUS SYS INC P 2010-06-07 2011-01-25
TIMKEN COMPANY P 2010-11-11 2011-01-25
DST SYSTEMS INC DEL P 2009-01-20 2011-09-20
PETSMART INC P 2009-06-10 2011-01-25
ROYAL CARIBBEAN CRUISES P 2010-06-07 2011-06-08
STARWOOD HOT & RESORTS WORLDWIDE NE P 2011-03-30 2011-04-11
COSTCO WHOLESALE CRP DEL P 2009-09-18 2011-04-11
SALESFORCE COM INC P 2008-11-24 2011-04-11
MFB NORTHN FUNDS EMERGING P 2009-06-30 2011-02-15
MFB NORTHERN FDS STK INDEX FD P 2009-06-30 2011-12-15
CALVERT INTERNATIONAL OPPORT P 2010-03-03 2011-03-17
AMERICAN CAP WORLD BD FD CL A P 2009-12-24 2011-10-14
CALL TROW APR 00070.00 P 2011-04-18 2010-12-29
ARCHER DANIELS MIDLD P 2010-09-28 2011-05-11
EMBRAER S A SPONSRD ADR P 2011-01-21 2011-02-02
CHINA MOBILE LTD SPN ADR P 2010-02-03 2011-02-02
POTASH CORP SASKATCHEWAN P 2010-02-03 2011-02-02
BANCO BRADESCO S A ADR P 2010-02-03 2011-04-11
INFOSYS TECH LTD ADR P 2010-02-05 2011-12-13
TEVA PHARMACTCL INDS ADR P 2010-02-03 2011-04-11
FOOT LOCKER INC N.Y. COM P 2011-02-24 2011-04-11
TANGER FACTORY OUTLT CEN P 2011-11-11 2011-12-13
CONAGRA FOODS INC P 2010-06-07 2011-01-11
NOVELLUS SYS INC P 2010-06-07 2011-04-11
TIMKEN COMPANY P 2010-11-11 2011-04-11
DISCOVER FINL SVCS P 2010-06-07 2011-08-25
PETSMART INC P 2009-06-10 2011-04-11
SILGAN HLDGS INC COM P 2009-03-12 2011-01-07
ADOBE SYS DEL PV 0.001 P 2010-06-16 2011-04-11
CHINA PETE CHEM SPN ADR P 2009-09-25 2011-04-11
TE CONN LTD REG.SHS P 2010-01-14 2011-04-11
MFB NORTHN SHORT INTERMEDIATE US GOV P 2009-06-30 2011-08-12
MFB NORTHERN FDS FIXED INCOME FD P 2009-06-30 2011-12-15
CRA QUALIFIED INVESTMENT FUND P 2010-03-03 2011-03-17
AMERICAN CAP WORLD BD FD CL A P 2009-12-24 2011-10-14
CALL SAP JAN 00055.00 P 2011-01-24 2010-10-05
BAKER HUGHES INC P 2010-04-07 2011-02-22
EMBRAER S A SPONSRD ADR P 2011-01-21 2011-04-11
CHINA PETE CHEM SPN ADR P 2010-02-03 2011-02-02
PRUDENTIAL PLC ADR P 2010-02-03 2011-02-02
BAIDU INC SPON ADR P 2010-02-03 2011-04-11
ICICI BANK LTD SPD ADR P 2010-02-03 2011-04-11
TEVA PHARMACTCL INDS ADR P 2010-02-03 2011-08-03
FIRST SOLAR INC P 2011-01-11 2011-07-12
AMERICAN AXLE&MFG HLDGS P 2010-08-09 2011-01-25
DISCOVER FINL SVCS P 2010-06-07 2011-01-25
PIONEER NATURAL RES CO P 2010-04-21 2011-01-25
WINDSTREAM CORP P 2010-07-13 2011-01-25
GOODRICH CORPORATION P 2009-03-05 2011-01-25
PETSMART INC P 2009-06-10 2011-05-27
SILGAN HLDGS INC COM P 2009-04-20 2011-01-07
BORG WARNER INC COM P 2010-08-03 2011-04-11
COVIDIEN PLC SHS NEW P 2009-11-11 2011-04-11
TE CONN LTD REG.SHS P 2010-01-14 2011-10-18
MFC ISHARES TR BARCLAYS TIPS P 2010-02-08 2011-09-29
PIMCO COMMODITY REALRETURN P 2009-06-30 2011-12-15
FLEX PARTNERS TOTAL RETURN UTIL P 2010-03-03 2011-03-17
AMERICAN CAP WORLD BD FD CL A P 2009-12-28 2011-10-14
CALL WEC JAN 00060.00 P 2011-01-24 2010-10-05
COSTCO WHOLE CRP DEL P 2010-08-24 2011-01-24
PETROLEO BRAS SA ADR P 2011-02-10 2011-04-11
COPA HOLDINGS S A CL A P 2010-06-16 2011-02-02
RESEARCH IN MOTION LTD P 2010-02-03 2011-02-02
BCE INC P 2010-05-14 2011-06-23
MAGNA INTL INC CL A VTG P 2010-02-05 2011-04-11
TORONTO DOMINION BANK P 2010-02-03 2011-04-11
FRESH MKT INC P 2011-07-06 2011-09-20
AMERICAN AXLE&MFG HLDGS P 2010-08-09 2011-04-11
DISCOVER FINL SVCS P 2010-06-07 2011-04-11
PIONEER NATURAL RES CO P 2010-04-21 2011-04-11
WINDSTREAM CORP P 2010-07-13 2011-04-11
GOODRICH CORPORATION P 2009-03-05 2011-10-05
PIONEER NATURAL RES CO P 2010-04-21 2011-09-20
SL GREEN REALTY CORP P 2010-09-10 2011-11-11
CELGENE CORP COM P 2010-05-14 2011-04-11
CORNING INC P 2010-06-16 2011-06-23
URBAN OUTFITTERS INC P 2009-10-28 2011-03-30
MFB NORTHN FDS LARGE CAP VALUE P 2007-03-01 2011-10-17
WAL-MART STORES P 2007-05-22 2011-12-15
FORWARD PROGRESSIVE REAL ESTATE P 2010-03-03 2011-03-17
AMERICAN CAP WORLD BD FD CL A P 2010-03-24 2011-10-14
CALL IBM OCT 00185.00 P 2011-10-24 2011-07-05
ENBRIDGE INC COM P 2010-08-24 2011-01-24
MECHEL OAO ADR P 2011-06-23 2011-10-18
COPA HOLDINGS S A CL A P 2010-06-16 2011-04-11
ROYAL DUTCH SHELL PLC P 2010-02-03 2011-02-02
COMPANHIA ENERG DE ADR P 2010-02-03 2011-04-11
NOVARTIS ADR P 2010-02-24 2011-04-11
VALE SA P 2010-02-03 2011-04-11
FRESH MKT INC P 2011-08-25 2011-09-20
ALLIANCE DATA SYS CORP P 2010-06-07 2011-01-25
DR PEPPER SNAPPLE GROUP P 2010-06-07 2011-01-25
PIONEER NATURAL RES CO P 2010-11-30 2011-09-20
AMERICAN FINL GRP HLDGS P 2008-10-10 2011-01-25
HERBALIFE LTD P 2009-03-05 2011-01-25
PIONEER NATURAL RES CO P 2010-06-07 2011-09-20
SYNNEX CORP P 2009-12-11 2011-01-25
CORNING INC P 2010-06-16 2011-04-11
DANAHER CORP DEL COM P 2008-10-10 2011-03-03
WALGREEN CO P 2010-01-14 2011-04-11
MFC ISHARES TR BARCLAYS TIPS P 2010-02-08 2011-12-15
MFC SPDR GOLD TR GOLD P 2010-08-10 2011-09-23
NEUBERGER BERMAN SOCIALLY P 2010-03-03 2011-03-17
CARNIVAL CORP PAIRED SHS P 2011-02-10 2011-05-24
CALL SLB MAY 00100.00 P 2011-05-23 2011-02-02
MARATHON PETROLEUM CORP P 2010-11-12 2011-07-07
TELEFONICA SA SPAIN ADR P 2011-02-17 2011-04-11
ENBRIDGE INC COM P 2010-02-03 2011-02-02
SYNGENTA AG ADR P 2010-02-03 2011-02-02
COMPANHIA ENERG DE ADR P 2010-02-03 2011-04-25
NOVARTIS ADR P 2010-02-24 2011-09-19
VALE SA P 2010-02-03 2011-12-13
GT SOLAR INTL INC P 2011-01-07 2011-01-25
ANCESTRY COM INC P 2010-10-13 2011-01-25
DR PEPPER SNAPPLE GROUP P 2010-06-07 2011-03-11
ROYAL CARIBBEAN CRUISES P 2010-06-07 2011-01-25
AMERICAN FINL GRP HLDGS P 2008-10-10 2011-04-11
HERBALIFE LTD P 2009-03-05 2011-04-11
PACKAGING CORP AMERICA P 2009-09-16 2011-01-25
SYNNEX CORP P 2009-12-11 2011-07-06
FIRST SOLAR INC P 2010-08-26 2011-04-11
DIGITAL RLTY TR INC P 2010-02-23 2011-04-11
WALGREEN CO P 2010-01-14 2011-09-02
MFB NORTHNMID CAP INDEX P 2009-06-30 2011-12-15
MFC SPDR GOLD TR GOLD P 2009-06-30 2011-12-15
PARNASSUS EQUITY INCOME FUND P 2010-03-03 2011-03-17
ENBRIDGE INC COM P 2011-02-10 2011-06-07
CALL CAH MAR 00042.00 P 2011-03-21 2010-12-29
PEPSICO INC P 2010-05-11 2011-02-10
ABB LTD SPON ADR P 2010-02-03 2011-02-02
FOMENTO ECNMCO MEX SPADR P 2010-02-03 2011-02-02
SONY CORP ADR NEW P 2010-02-03 2011-02-02
CHINA MOBILE LTD SPN ADR P 2010-02-03 2011-02-17
POTASH CORP SASKATCHEWAN P 2010-02-03 2011-04-11
ACE LIMITED P 2010-02-03 2011-04-11
GT SOLAR INTL INC P 2011-01-07 2011-04-11
ANCESTRY COM INC P 2010-10-13 2011-04-11
DR PEPPER SNAPPLE GROUP P 2010-10-12 2011-03-11
ROYAL CARIBBEAN CRUISES P 2010-06-07 2011-04-11
AMERICAN FINL GRP HLDGS P 2008-10-10 2011-08-08
HERBALIFE LTD P 2009-03-05 2011-05-24
PACKAGING CORP AMERICA P 2009-09-16 2011-04-11
SIRONA DENTAL SYSTEMS P 2010-06-07 2011-07-12
NATIONAL-OIL WELL VARCO P 2010-06-30 2011-04-11
DISCOVERY COMMUNICATN P 2008-10-10 2011-04-11
MFB NORTHN SHORT P 2010-08-31 2011-08-12
MFB NORTHN INTL EQTY INDEX P 2009-06-30 2011-12-15
PARNASSUS SMALL CAP P 2011-03-17 2011-11-28
PARNASSUS SMALL CAP P 2010-03-03 2011-11-28
GENUINE PARTS CO P 2011-08-08 2011-09-19
CALL PX JAN 00100.00 P 2011-01-24 2010-10-06
TARGET CORP COM P 2010-09-28 2011-05-04
BANCO SANTANDER SA ADR P 2010-02-03 2011-02-02
GRUPO TELEVISA SA ADR P 2010-02-03 2011-02-02
TENARIS S A ADR P 2010-02-03 2011-02-02
CHINA PETE CHEM SPN ADR P 2010-02-03 2011-04-11
PRUDENTIAL PLC ADR P 2010-02-03 2011-04-11
AFFILIATED MANAGERS GRP P 2011-01-11 2011-01-25
HUNTNGTN BANCSHS INC MD P 2011-05-12 2011-11-11
CMS ENERGY CORP P 2010-06-07 2011-01-25
FINISH LINE INC CL A P 2010-07-14 2011-01-25
SANDISK CORP INC P 2010-10-12 2011-01-25
AMERISOURCEBERGEN CORP P 2009-03-05 2011-01-25
HEALTH MGMT ASSOCS INCA P 2009-07-15 2011-01-25
PACKAGING CORP AMERICA P 2009-09-16 2011-07-12
SPIRIT AEROSYSTEMS HLDGS P 2009-07-15 2011-01-25
QUALCOMM INC P 2010-11-12 2011-04-11
FIRST SOLAR INC P 2010-08-26 2011-11-01
MFB NORTHN FDS MULTI MGR P 2010-12-31 2011-12-15
MFB NORTHERN GLOBAL SUSTAINABILITY P 2009-06-30 2011-12-15
POWERSHARES CLEATECH PORT P 2010-02-25 2011-03-08
PARNASSUS SMALL CAP P 2010-03-03 2011-03-17
MARATHON PETROLEUM CORP P 2011-02-10 2011-07-07
CALL NVS JAN 00060.00 P 2011-01-24 2010-10-04
CARNIVAL CORP PAIRED SHS P 2010-04-07 2011-05-24
BARRICK GOLD CORPORATION P 2010-02-03 2011-02-02
HSBC HLDG PLC SP ADR P 2010-05-14 2011-02-02
TEVA PHARMACTCL INDS ADR P 2010-02-03 2011-02-02
ENBRIDGE INC COM P 2010-02-03 2011-04-11
RESEARCH IN MOTION LTD P 2010-02-03 2011-04-11
AFFILIATED MANAGERS GRP P 2011-01-11 2011-12-13
JABIL CIRCUIT INC P 2011-01-11 2011-01-25
CMS ENERGY CORP P 2010-06-07 2011-02-24
FINISH LINE INC CL A P 2010-07-14 2011-04-11
SANDISK CORP INC P 2010-10-12 2011-04-11
AMERISOURCEBERGEN CORP P 2009-03-05 2011-04-11
HEALTH MGMT ASSOCS INCA P 2009-07-15 2011-04-11
PACKAGING CORP AMERICA P 2009-09-16 2011-08-09
SPIRIT AEROSYSTEMS HLDGS P 2009-07-15 2011-04-11
ROCKWELL AUTOMATION INC P 2010-08-05 2011-04-11
HONEYWELL INTL INC DEL P 2008-10-10 2011-04-11
MFB NORTHERN FUNDS P 2010-12-31 2011-12-15
MFB NORTHN FDS GROWTH EQTY P 2009-06-30 2011-12-15
POWERSHARES CLEANTECH PORT P 2010-02-25 2011-03-08
PAX WORLD GROWTH FUND P 2010-03-03 2011-03-17
MARATHON PETROLEUM CORP P 2011-06-07 2011-07-07
CALL AXP APR 00048.00 P 2011-04-18 2010-12-29
GENUINE PARTS CO P 2010-08-24 2011-09-19
BANCO BRADESCO S A ADR P 2010-02-03 2011-02-02
HSBC HLDG PLC SP ADR P 2010-05-14 2011-04-11
TORONTO DOMINION BANK P 2010-02-03 2011-02-02
ENBRIDGE INC COM P 2010-02-03 2011-06-07
RESEARCH IN MOTION LTD P 2010-02-03 2011-05-06
AECOM TECH CORP P 2011-03-11 2011-04-11
JABIL CIRCUIT INC P 2011-01-11 2011-04-11
CALAMOS ASSET MGMT INC P 2010-05-11 2011-01-25
FAMILY DOLLAR STORES P 2010-11-30 2011-01-25
SL GREEN REALTY CORP P 2010-09-10 2011-01-25
AMERISOURCEBERGEN CORP P 2009-03-05 2011-10-27
INTUIT INC COM P 2009-06-10 2011-01-11
PACKAGING CORP AMERICA P 2010-06-07 2011-08-09
SPIRIT AEROSYSTEMS HLDGS P 2009-07-15 2011-05-12
SOUTHWESTERN ENERGY CO P 2010-06-16 2011-03-03
JACOBS ENGN GRP INC DELA P 2010-03-10 2011-04-11
MFB NORTHN HI YIELD P 2011-12-15 2011-12-15
MFB NORTHN FDS MULTIMANAGER GLOBAL P 2009-06-30 2011-12-15
POWERSHARES CLEANTECH PORT P 2010-02-25 2011-03-08
PAX WORLD HIGH YIELD FUND P 2010-09-08 2011-03-17
PRAXAIR INC P 2011-08-08 2011-10-28
CALL COV JUL 00055.00 P 2011-07-05 2011-03-09
NOVARTIS ADR P 2010-08-24 2011-09-19
BANCO BRADESCO S A ADR P 2011-02-18 2011-02-18
HSBC HLDG PLC SP ADR P 2010-08-31 2011-06-02
VALE SA P 2010-02-03 2011-02-02
FOMENTO ECNMCO MEX SPADR P 2010-02-03 2011-04-11
ROYAL DUTCH SHELL PLC P 2010-02-03 2011-02-10
AECOM TECH CORP P 2011-03-11 2011-08-25
MOLINA HEALTHCARE INC P 2011-06-06 2011-08-08
CALAMOS ASSET MGMT INC P 2010-05-11 2011-04-11
FAMILY DOLLAR STORES P 2010-11-30 2011-02-24
SIRONA DENTAL SYSTEMS P 2010-06-07 2011-01-25
ALLIANCE DATA SYS CORP P 2010-06-07 2011-10-27
MYLAN INC P 2009-03-05 2011-01-25
PRINCIPAL FINANCIAL GRP P 2009-12-11 2011-01-25
WHITING PETROLEUM CORP P 2008-10-10 2011-01-25
AFFILIATED MANAGERS GRP P 2009-05-27 2011-04-11
PETSMART INC P 2008-10-10 2011-04-11
MFB NORTHERN FDS FIXED INC P 2010-12-31 2011-12-15
MFB NORTHERN FDS GLOBAL REAL ESTATE P 2009-06-30 2011-12-15
POWERSHARES CLEANTECH PORT P 2010-02-25 2011-03-08
PORTFOLIO 21 CL 1 P 2010-03-03 2011-03-17
CALL SAP MAR 00067.50 P 2011-12-20 2011-12-06
CALL SAP P 2011-09-19 2011-04-26
PEPSICO INC P 2007-07-26 2011-02-10
BAIDU INC SPON ADR P 2010-02-03 2011-02-02
INFOSYS TECH LTD ADR P 2010-02-05 2011-02-02
ACE LIMITED P 2010-02-03 2011-02-02
FOMENTO ECNMCO MEX SPADR P 2010-02-03 2011-04-25
SYNGENTA AG ADR P 2010-02-03 2011-04-11
APTARGROUP INC P 2011-01-07 2011-01-25
NEWFIELD EXPL CO COM P 2011-08-09 2011-10-21
CELANESE CORP DEL SER A P 2010-10-12 2011-01-25
FIRST SOLAR INC P 2010-09-10 2011-01-25
SIRONA DENTAL SYSTEMS P 2010-06-07 2011-04-11
BJS WHOLESALE CLUB INC P 2009-08-14 2011-01-25
MYLAN INC P 2009-03-05 2011-04-11
PRINCIPAL FINANCIAL GRP P 2009-12-11 2011-04-11
WHITING PETROLEUM CORP P 2008-10-10 2011-08-09
ABB LTD P 2008-10-10 2011-02-10
PETSMART INC P 2008-10-10 2011-06-02
PIMCO COMMODITY REALRETURN P 2010-12-31 2011-12-15
MFB NORTHN FUNDS EMERGING MKTS P 2009-06-30 2011-12-15
POWERSHARES CLEANTECH PORT P 2010-02-25 2011-03-08
RIDGEWORTH US GOVT SEC P 2010-03-03 2011-03-17
(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 41,542   39,327 2,215
b 262   250 12
c 500     500
d 6,307   6,104 203
e 1,099   916 183
875   736 139
970   750 220
457   403 54
602   696 -94
489   473 16
221   219 2
226   170 56
693   714 -21
117   88 29
520   345 175
356   240 116
957   703 254
809   809  
1,128   590 538
1,321   1,191 130
50,000   50,000  
39,800   58,312 -18,512
2,779   2,265 514
51,131   46,521 4,610
60,700   53,500 7,200
148     148
14,020   13,575 445
10,503   8,694 1,809
1,116   916 200
2,782   1,393 1,389
679   786 -107
2,748   2,415 333
3,376   4,175 -799
251   226 25
1,009   1,168 -159
208   170 38
880   941 -61
1,411   885 526
678   518 160
534   560 -26
292   410 -118
971   1,000 -29
880   473 407
843   893 -50
8,273   11,366 -3,093
80,208   83,009 -2,801
9,923   10,358 -435
6,287   5,479 808
51,350   51,000 350
604   460 144
20,261   19,266 995
22,253   17,595 4,658
1,316   1,323 -7
566   548 18
1,323   899 424
2,575   2,361 214
504   451 53
1,512   1,358 154
2,680   1,125 1,555
208   176 32
1,865   1,515 350
257   177 80
994   703 291
1,806   1,126 680
60   79 -19
1,388   1,356 32
912   567 345
702   751 -49
8,253   7,332 921
39,615   35,817 3,798
11,318   11,517 -199
7     7
17,723   17,483 240
60     60
19,545   19,497 48
31,462   25,180 6,282
4,707   4,041 666
2,780   3,025 -245
3,903   3,238 665
363   250 113
2,543   3,610 -1,067
1,422   1,430 -8
278   297 -19
1,134   1,261 -127
1,414   1,001 413
1,009   871 138
908   669 239
726   375 351
1,361   1,098 263
1,126   1,157 -31
1,142   866 276
673   132 541
39,198   32,685 6,513
235,448   206,019 29,429
2,286   2,120 166
724   704 20
553     553
6,515   6,547 -32
1,013   976 37
738   734 4
2,744   1,623 1,121
823   631 192
2,348   2,253 95
734   869 -135
102   95 7
843   850 -7
680   729 -49
169   125 44
252   218 34
370   191 179
210   104 106
555   381 174
1,200   1,140 60
523   428 95
1,173   894 279
40,221   38,941 1,280
103,985   98,642 5,343
12,429   12,429  
82,306   79,998 2,308
460     460
27,667   19,635 8,032
665   651 14
1,100   792 308
1,691   1,463 228
2,173   668 1,505
732   552 180
3,386   4,632 -1,246
1,241   1,380 -139
937   669 268
1,510   954 556
1,314   946 368
1,079   956 123
2,345   796 1,549
1,130   521 609
694   504 190
1,481   1,148 333
1,322   1,105 217
1,544   1,150 394
13,776   12,602 1,174
36,587   38,804 -2,217
4,612   4,016 596
21   20 1
234     234
27,740   21,902 5,838
529   484 45
1,146   1,015 131
610   676 -66
5,025   3,968 1,057
698   418 280
1,324   891 433
790   791 -1
231   206 25
961   509 452
510   315 195
189   169 20
1,801   459 1,342
392   315 77
1,040   922 118
1,107   1,189 -82
1,049   1,101 -52
1,983   2,018 -35
18,157   29,904 -11,747
50,630   49,488 1,142
49,023   39,000 10,023
558   544 14
418     418
11,210   9,930 1,280
1,907   4,095 -2,188
529   508 21
733   568 165
1,095   910 185
551   548 3
844   679 165
395   331 64
726   674 52
888   902 -14
783   801 -18
754   368 386
718   141 577
392   320 72
663   566 97
978   918 60
3,889   2,075 1,814
1,034   929 105
30,354   27,304 3,050
15,949   11,685 4,264
17,099   14,106 2,993
3,810   4,687 -877
453     453
12,572   8,155 4,417
523   503 20
887   675 212
661   528 133
1,722   1,406 316
3,041   3,016 25
3,347   4,211 -864
447   415 32
1,024   758 266
937   902 35
1,639   961 678
177   80 97
418   64 354
1,128   887 241
776   708 68
1,437   1,279 158
852   761 91
1,049   1,114 -65
41,008   40,981 27
44,381   30,878 13,503
24,222   22,392 1,830
25,144   23,095 2,049
520     520
6,307   6,690 -383
1,399   1,125 274
1,082   855 227
867   870 -3
3,317   3,426 -109
1,140   721 419
665   498 167
49   52 -3
169   126 43
375   349 26
198   137 61
769   400 369
1,046   128 918
139   108 31
275   164 111
2,321   1,004 1,317
1,602   443 1,159
985   960 25
95,935   132,444 -36,509
3,300   4,131 -831
15,165   15,197 -32
5,287   4,816 471
105     105
9,785   10,882 -1,097
939   1,072 -133
618   503 115
944   903 41
523   396 127
1,572   1,268 304
980   1,036 -56
792   1,002 -210
1,067   799 268
550   511 39
1,691   1,404 287
894   385 509
492   283 209
140   108 32
952   552 400
1,336   1,179 157
468   1,279 -811
943   1,032 -89
105,348   106,413 -1,065
1,389   1,134 255
45,022   36,044 8,978
2,095   1,863 232
520     520
15,241   15,499 -258
950   720 230
1,136   945 191
1,107   1,158 -51
622   450 172
272   338 -66
1,373   1,554 -181
785   838 -53
1,436   1,090 346
102   73 29
232   201 31
201   77 124
152   77 75
219   216 3
121   69 52
921   563 358
1,161   607 554
94,001   91,158 2,843
65,036   78,749 -13,713
1,389   1,134 255
32,106   26,000 6,106
2,095   2,098 -3
162     162
21,149   17,064 4,085
1,107   936 171
809   708 101
1,543   1,189 354
4,086   2,925 1,161
2,074   3,042 -968
132   136 -4
96   105 -9
770   693 77
644   754 -110
705   615 90
207   77 130
2,897   1,719 1,178
657   624 33
940   552 388
1,130   1,349 -219
1,237   1,073 164
375   375  
11,909   12,498 -589
2,778   2,267 511
602   595 7
10,503   9,295 1,208
1,400   175 1,225
22,119   20,083 2,036
27   27  
2,575   2,461 114
1,221   951 270
921   642 279
4,480   3,689 791
104   136 -32
523   776 -253
330   277 53
995   1,005 -10
1,324   987 337
1,045   674 371
1,042   528 514
802   586 216
565   169 396
1,595   857 738
1,262   611 651
3,300   3,165 135
25,512   45,862 -20,350
2,778   2,267 511
61,074   55,665 5,409
480   160 320
634     634
6,307   6,712 -405
7,085   2,672 4,413
680   501 179
937   748 189
1,580   1,069 511
335   264 71
482   473 9
546   745 -199
994   852 142
1,554   1,376 178
517   329 188
1,314   926 388
118   60 58
159   117 42
911   338 573
2,578   1,584 994
1,980   916 1,064
870   924 -54
93,450   89,483 3,967
20,842   23,451 -2,609
38,961   39,000 -39
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       2,215
b       12
c       500
d       203
e       183
      139
      220
      54
      -94
      16
      2
      56
      -21
      29
      175
      116
      254
       
      538
      130
       
      -18,512
      514
      4,610
      7,200
      148
      445
      1,809
      200
      1,389
      -107
      333
      -799
      25
      -159
      38
      -61
      526
      160
      -26
      -118
      -29
      407
      -50
      -3,093
      -2,801
      -435
      808
      350
      144
      995
      4,658
      -7
      18
      424
      214
      53
      154
      1,555
      32
      350
      80
      291
      680
      -19
      32
      345
      -49
      921
      3,798
      -199
      7
      240
      60
      48
      6,282
      666
      -245
      665
      113
      -1,067
      -8
      -19
      -127
      413
      138
      239
      351
      263
      -31
      276
      541
      6,513
      29,429
      166
      20
      553
      -32
      37
      4
      1,121
      192
      95
      -135
      7
      -7
      -49
      44
      34
      179
      106
      174
      60
      95
      279
      1,280
      5,343
       
      2,308
      460
      8,032
      14
      308
      228
      1,505
      180
      -1,246
      -139
      268
      556
      368
      123
      1,549
      609
      190
      333
      217
      394
      1,174
      -2,217
      596
      1
      234
      5,838
      45
      131
      -66
      1,057
      280
      433
      -1
      25
      452
      195
      20
      1,342
      77
      118
      -82
      -52
      -35
      -11,747
      1,142
      10,023
      14
      418
      1,280
      -2,188
      21
      165
      185
      3
      165
      64
      52
      -14
      -18
      386
      577
      72
      97
      60
      1,814
      105
      3,050
      4,264
      2,993
      -877
      453
      4,417
      20
      212
      133
      316
      25
      -864
      32
      266
      35
      678
      97
      354
      241
      68
      158
      91
      -65
      27
      13,503
      1,830
      2,049
      520
      -383
      274
      227
      -3
      -109
      419
      167
      -3
      43
      26
      61
      369
      918
      31
      111
      1,317
      1,159
      25
      -36,509
      -831
      -32
      471
      105
      -1,097
      -133
      115
      41
      127
      304
      -56
      -210
      268
      39
      287
      509
      209
      32
      400
      157
      -811
      -89
      -1,065
      255
      8,978
      232
      520
      -258
      230
      191
      -51
      172
      -66
      -181
      -53
      346
      29
      31
      124
      75
      3
      52
      358
      554
      2,843
      -13,713
      255
      6,106
      -3
      162
      4,085
      171
      101
      354
      1,161
      -968
      -4
      -9
      77
      -110
      90
      130
      1,178
      33
      388
      -219
      164
       
      -589
      511
      7
      1,208
      1,225
      2,036
       
      114
      270
      279
      791
      -32
      -253
      53
      -10
      337
      371
      514
      216
      396
      738
      651
      135
      -20,350
      511
      5,409
      320
      634
      -405
      4,413
      179
      189
      511
      71
      9
      -199
      142
      178
      188
      388
      58
      42
      573
      994
      1,064
      -54
      3,967
      -2,609
      -39
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 2 127,893
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3 49,110
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2010 181,932 4,005,542 0.045420
2009 215,609 1,866,678 0.115504
2008 93,915 1,863,504 0.050397
2007 88,677 1,969,396 0.045028
2006 74,000 657,352 0.112573
2 Total of line 1, column (d) ...................... 2 0.368922
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.073784
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 4,537,464
5 Multiply line 4 by line 3....................... 5 334,792
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,961
7 Add lines 5 and 6......................... 7 336,753
8 Enter qualifying distributions from Part XII, line 4.............. 8 205,900
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2011)
Form 990-PF (2011)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 3,921
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 3,921
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 3,921
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 289
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 5,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,289
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 40
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 1,328
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet1,328 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 page 19 of the
    instructions)bulletNM
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV..........................
    9
     
    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 page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFRED L DOERR Telephone no.bullet (575) 613-6990
    Located atbulletPO BOX 2035EL PRADONM ZIP+4bullet87529
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2011?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see page 20 of the instructions.) .........
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business
    enterprise at any time during the year?.....................
    b
    If “Yes,” did it have excess business holdings in 2011 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2011.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2011?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)?
    5b
     
    No
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay
    premiums on a personal benefit contract?....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    FRED DOERRClick to see attachment DIRECTOR
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    KERRY HEUBECKClick to see attachment PRESIDENT
    8.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    LORETTA ORTIZ Y PINOClick to see attachment TRUSTEE
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    PEGGY NELSONClick to see attachment CHAIR (PRES)
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    BILL ROSEClick to see attachment TRUSTEE
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    JEFF SANDERSClick to see attachment SECRETARY/TR
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    MEHDI SHELHAMERClick to see attachment TRUSTEE
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    H'KRIH SHELHAMERClick to see attachment TRUSTEE
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    CAROL WHITEClick to see attachment VP/TRUSTEE
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    HA WHITEClick to see attachment TREASURER/TR
    1.00     		0 0 0
    PO BOX 2035
    EL PRADO,NM87529
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 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 page 24 of the instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,159,962
    b
    Average of monthly cash balances.......................
    1b
    446,600
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,606,562
    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
    4,606,562
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    69,098
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,537,464
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    226,873
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    226,873
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    3,921
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,921
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    222,952
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    222,952
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    222,952
    Part XII
    Qualifying Distributions (see page 25 of the instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    205,900
    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
    205,900
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    205,900
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 222,952
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006....... 41,905
    b From 2007.......  
    c From 2008....... 1,737
    d From 2009....... 122,979
    e From 2010.......  
    fTotal of lines 3a through e......... 166,621
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 205,900
    a Applied to 2010, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2011 distributable amount..... 205,900
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011. 17,052 17,052
    (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 5 149,569
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2010. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2011. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2006 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		24,853
    9Excess distributions carryover to 2012.
    Subtract lines 7 and 8 from line 6a ......     		124,716
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008.... 1,737
    c Excess from 2009.... 122,979
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2011, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2011 (b) 2010 (c) 2009 (d) 2008
             
    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 page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    KERRY HEUBECK
    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 (2011)
    Form 990-PF (2011)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADOPT-A-CLASSROOM
    4141 NE 2ND AVENUE 203B
    MIAMI,FL33137     		    SUPPORTING CLASSROOMS IN NEED 2,500
    AMERICAN FRIENDS SERVICE
    1501 CHERRY STREET
    PHILADELPHIA,PA19102     		    PEACE EDUCATION:LA COMM PEACE GARDEN 2,000
    AMERICAN FRIENDS SERVICE
    1501 CHERRY STREET
    PHILADELPHIA,PA19102     		    EDUCATION & PEACE PROGRAM IN HAITI 1,250
    AMERICAN FRIENDS SERVICE
    1501 CHERRY STREET
    PHILADELPHIA,PA19102     		    NM ECONOMIC JUSTICE:PEOPLE OF LAND 2,500
    AMERICAN REFUGEE COMMITTE
    615 1ST AVE
    MINNEAPOLIS,MN55403     		    MAGWI CO, SUDAN HEALTH CLINICS 1,000
    ARTS WITHOUT BOUNDARIES
    2341 QUAIL COURT
    BILLINGS,MT59106     		    MT STINGS PROGRAM 500
    BREMERTON SERVICES ASSOC
    2817 WHEATON WAY ST 208
    BREMERTON,WA98310     		    CHUCKWAGON SR NUTRITION PROG 1,000
    BRIDGES PROJECT FOR EDUCA
    PO BOX 308
    TAOS,NM87571     		    COMPREHENSIVE COLLEGE CONSELING FOCU 4,000
    BURMA HUMANITARIAN MISSIO
    3395 E DEER HOLLOW CIRCLE
    SANDY,UT84092     		    PROVIDING TRAUMA CARE AND LONG-TERM 1,500
    CARBON FUNDORG
    3 BETHESDA METRO CT
    BETHESDA,MD20814     		    REFORESTATION/AVOIDED DEFORESTATION 750
    CHURCH WORLD SERVICE
    PO BOX 968
    ELKHART,IN46515     		    JAPAN TSUNAMI DISASTER RELIEF 6,000
    CIMARRON PUBLIC SCHOOLS
    PO BOX 287
    EAGLE NEST,NM87718     		    EAGLE NEST SCHOOLS BARN PROJECT 3,000
    COALITION TO STOP VIOLENCE
    2401 12TH ST NW 201N
    ALBUQUERQUE,NM87104     		    SUPPORT TO CREATE NATIVE COMM 5,000
    COMMUNITY AGAINST VIOLENCE
    PO BOX 169
    TAOS,NM87571     		    COUNSELING-CHILDREN OF DOMESTIC VIOL 1,000
    CONSERVATION TRUST FOR FL
    PO BOX 134
    MICANOPY,FL32667     		    "PROTECTING HORSE COUNTRY" PROGRAM 2,000
    CREATIVITY FOR PEACE
    369 MONTEZUMA AVE 566
    SANTA FE,NM87501     		    PROMOTING PEACE BY NURTURING YOUNG 5,000
    DREAM TREE PROJECT
    PO BOX 1677
    TAOS,NM87571     		    ORG FOR HOMELESS, ABUSED YOUTHS 1,000
    EAST BAY SANCTUARY COVENANT
    2362 BANCROFT WAY
    BERKELEY,CA94704     		    SUPPORT FOR REFUGEE ASYLUM 500
    ENOS GARCIA SCHOOL PTA
    PO BOX 409
    EL PRADO,NM87529     		    PURCH OF LIBRARY MATERIALS 1,000
    EQUINE SPIRIT SANCTUARY
    283 CHUCHILLA ROAD
    RANCHOS DE TAOS,NM87557     		    HORSE RESCUE AND REHABILITATION PROG 3,000
    FLORIDA THOROUGHBRED CHARITIES
    801 SW 60TH AVE
    OCALA,FL34474     		    SCHOLARSHIP FUNDING 12,000
    FOUNDATION OF MONTANAN ST UNIV
    2615 VIRGINIA LANE
    BILLINGS,MT59101     		    SCHOLARSHIP FUNDING 500
    FOUR CORNERS ANIMAL LEAGUE
    PO BOX 1163
    TAOS,NM87571     		    NM FRIENDS OF ANIMALS 1,000
    FRIENDS OF PUBLIC RADIO
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		    GENERAL SUPPORT OF PUBLIC RADIO 500
    FRIENDS OF THE CASA MATER
    PO BOX 7476
    DETROIT,MI48702     		    ASSISTANCE FOR "FOLLOW-UP PROGRAM" 1,500
    GRASSROOTSORG
    303 PARK AVE SO ST 1451
    NEW YORK,NY10010     		    FREE TECHNOLOGY FOR NONPROFITS 750
    HAND IN HAND
    PO BOX 80102
    PORTLAND,OR97280     		    ED PROG FOR JEWISH & ARAB CHILDREN 5,000
    HARWOOD MUSEUM OF ART
    238 LEDUX STREET
    TAOS,NM87571     		    NEIGHBORHOOD ART PROJECT 1,000
    HORSE PROTECTION ASSOC OF FL
    20690 NW 130TH AVENUE
    MICANOPY,FL32667     		    EQUINE RESCUE, REHAB, & ADOPTION 3,000
    HORSE TALES LITERACY PROJECT
    3081 ARABIAN NIGHTS BLVD
    KISSIMMEE,FL34747     		    CHILDREN'S READING PROG IN MARION CO 1,000
    HUMAN RESOURCE DEVELOP ASSOC INC
    PO BOX 913
    TAOS,NM87571     		    SUPP FUNDRAISING FOR DRUG COURT PROG 500
    INTERFAITH CAREGIVERS OF BAINBRIDGE
    PO BOX 11253
    BAINBRIDGE ISLAND,WA98110     		    SUPP SERV FOR ELDERLY, CAREGIVERS 2,000
    ISLANDWOOD
    4450 BLAKELY AVE NE
    BAINBRIDGE ISLAND,WA98110     		    SCHOLARSHIP FUNDING 2,500
    KATERI EDUCATION FUND
    PO BOX 906
    PACIFICA,CA94044     		    EDUCATION FOR GUATEMALAN WOMEN/GIRLS 3,000
    KINDRED SPIRITS SANCTUARY
    12600 N US HWY 27
    OCALA,FL34482     		    CARE/REHAB FOR ABANDONED FARM ANIMAL 2,000
    LOCALOGY
    HC 81 BOX 10
    QUESTA,NM87556     		    SANGRE DE CRISTO YOUTH RANCH CAMP 500
    MENNONITE CENTRAL COMMITT
    121 E 30TH / BOX 235
    NORTH NEWTON,KS671170235     		    E AFRICA DROUGHT RESPONSE 5,000
    MERCY CORPS
    901 MISSION ST ST 105
    SAN FRANCISCO,CA94103     		    E AFRICA DROUGHT RESPONSE SOMALIA SU 1,000
    NAT'L COLLEGE OF MIDWIFERY
    209 STATE ROAD 240
    TAOS,NM87571     		    SUPP FOR MIDWIFERY EDUCATION PROG 4,000
    NEW MEXICO SOLAR ENERGY ASSOC
    5371 NDCBU
    TAOS,NM87571     		    "SOLAR EDUCATORS DAY"-DEVELOPMENT 2,000
    NGUYEN NGA REHAB CENTER
    91 DONG DA STREET
    QUY NHON CITY,BINH DINH  
    VM     		    ED/TRAINING FOR MENTALLY CHALLENGED 2,500
    NONVIOLENCE WORKS INC
    1137 GUSDORF RD ST EF
    TAOS,NM87571     		    YOUNG WOMEN'S MENTORSHIP SUPPORT 1,000
    NORTHERN NEW MEXICO BIRTH CTR
    1331 MAESTAS ROAD
    TAOS,NM87571     		    FINANCIAL ASSISTANCE CLIENTS IN NEED 4,000
    NORTHERN PLAINS RESOURCE
    220 SOUTH 27TH ST ST A
    BILLINGS,MT59101     		    PAMPHLET ON COAL DEVELOPMENT 2,000
    PAINTED DESERT DEMO PROJECT
    145 LEUPP ROAD
    FLAGSTAFF,AZ86004     		    HOPI TUTSKWA PERMACULTURE'S YOUTH 3,000
    PARTNERS FOR SURGERY
    PO BOX 388
    MCLEAN,VA22101     		    HEALTHCARE IN RURAL GUATEMALA 2,000
    PARTNERS IN SUSTAINABLE DEVELOP INT
    9005 GREENRIDGE DRIVE
    ST LOUIS,MO631171005     		    SUPP FOR THEKAILAKURI HLTH CTR 5,500
    PROSTHETICS OUTREACH FOUND
    400 EAST PINE ST SU 325
    SEATTLE,WA98122     		    RESTORING MOBILITY TO THE DISABLED 4,000
    RABBIS FOR HUMAN RIGHTS
    333 7TH AVENUE 13TH FLOOR
    NEW YORK,NY10001     		    SUPP FOR HUMAN RIGHTS/JUSTICE/RECON 5,000
    RIVERS AND BIRDS
    PO BOX 819
    ARROYO SECO,NM87514     		    NINE DAY WATERSHED LEARNING PROJECT 4,000
    ROCKY MOUNTAIN COLLEGE
    ALDEN HALL 103 1511 POLY
    BILLINGS,MT59102     		    INSTITUTE FOR PEACE STUDIES 7,000
    SAN ANTONIO FOOD BANK
    5200 OLD HIGHWAY 90 WEST
    SAN ANTONIO,TX78227     		    SUPPORT OF KIDS CAF'E PROGRAM 1,500
    SHARED TABLE
    PO BOX 2047
    RANCHOS DE TAOS,NM87557     		    PROV FOOD/OTHER NECESSITIES TO NEEDY 3,000
    SOMOS
    233 PASECO DEL PUEBLO
    TAOS,NM87571     		    PURCH OF YOUTH BOOKS-BIG READ PROG 1,000
    SPIRIT WIND HORSE RESCUE
    PO BOX 27
    HOTCHKISS,CO81419     		    FEED/VET CARE OF RESCUED HORSES 1,000
    STEPHEN SHAMES FOUNDATION
    202 SAINT MARKS AVENUE 4
    BROOKLYN,NY11238     		    SCHOLARSHIP ASSIST FOR UGANDAN STUDE 2,500
    STIRRUPS 'N STRIDES
    4246 WEST HIGHWAY 318
    CITRA,FL32113     		    THERAPEUTIC RIDING & DRIVING PROGRAM 3,000
    SUSTAINABLE BEREA
    PO BOX 1302
    BEREA,KY40403     		    SUPPORT TOWARD STAFF SALARIES 1,000
    TAOS COALITION TO END HOMELESSNESS
    PO BOX 1516
    TAOS,NM87571     		    HOMELESS SHELTER OPERATION 1,000
    TAOS COMMUNITY FOUNDATION
    PO BOX 1925
    TAOS,NM87571     		    EXPANDED SOLAR THERMAL SYSTEM 2,500
    TAOS DAY SCHOOL
    PO BOX 1850
    TAOS,NM87571     		    HERITAGE PROJECT:TIWA CULTURE/LANGUA 1,000
    THE SOLDIERS PROJECT
    PO BOX 1751
    STUDIO CITY,CA91614     		    PSYCHOLOGICAL TREATMENT FOR MILITARY 1,000
    THE VIETNAM PROJECT
    PO BOX 32602
    SANTA FE,NM87594     		    IMPROVE QUALITY OF LIFE-POOR/DISABLE 1,000
    THE WILDLIFE CENTER
    PO BOX 246
    ESPANOLA,NM87532     		    CONSERVATION/RESTORATION NATIVE WILD 2,000
    THOROUGHBRED RETIREMENT FOUND
    PO BOX 3387
    SARATOGA SPRINGS,NY12866     		    SAVING FORMER RACING HORSES 1,000
    TIDES CENTERTHE LIST PROJECT
    PO BOX 66533
    WASHINGTON,DC20035     		    RESETTLING OF IRAQI ALLIES 3,000
    UNIVERSITY OF NM FOUNDATION
    1157 COUNTY ROAD 110
    RANCHOS DE TAOS,NM87557     		    SCHOLARSHIP FUNDING 12,000
    WESTERN LANDS PROJECT
    PO BOX 95545
    SEATTLE,WA98145     		    RESEARCH/ED TO KEEP PUBLIC LANDS PUB 3,000
    WINDHORSE SANCTUARY
    18400 NW 150TH AVENUE
    WILLISTON,FL32696     		    HORSE, DOG, AND CAT SANCTUARY 3,000
    YOUTH HEARTLINE
    PO BOX 1664
    TAOS,NM87571     		    COUNSEL/LEGAL SERV TO ABUSED CHILD 2,000
    Total .................................bullet 3a 178,750
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 6,066  
    4 Dividends and interest from securities....     14 104,265  
    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     18 127,893  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   238,224  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13238,224
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2011)
    Form 990-PF (2011)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







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


    Software ID:  
    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
    2011
    Name of organization
    QUAIL ROOST FOUNDATION
     
    Employer identification number

    76-0754268
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......................... Arrow Bullet   $    
    Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on Part I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Page 2
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    QUAIL ROOST FOUNDATION
          		Employer identification number

    76-0754268
    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
     
     

    KERRY HEUBECK    
    PO BOX 2035
       
    EL PRADO, NM   87529

    		$285,775




    (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) (2011)

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

    76-0754268
    Part II
    Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
    		     
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions).     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Page 4
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
    Name of organization
    QUAIL ROOST FOUNDATION
          		Employer identification number

    76-0754268
    Part III
    Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
    that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
    For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
    contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
    Use duplicate copies of Part III if additional space is needed
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    (a) No.
    from
    Part I    		 (b)
    Purpose of gift    		 (c)
    Use of gift    		 (d)
    Description of how gift is held
     
    (e)
    Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
           
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2011 AccountingFeesSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL EXPENSES 9,212 4,606   4,606

    TY 2011 CompensationExplanation
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Person Name Explanation
    FRED DOERR  
    KERRY HEUBECK  
    LORETTA ORTIZ Y PINO  
    PEGGY NELSON  
    BILL ROSE  
    JEFF SANDERS  
    MEHDI SHELHAMER  
    H'KRIH SHELHAMER  
    CAROL WHITE  
    HA WHITE  

    TY 2011 GeneralExplanationAttachment
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Identifier Return Reference Explanation
    GENERAL RETURN INFORMATION   AMENDED RETURN EXPLANATION: THE FORM 990-PF HAS BEEN AMENDED TO PAGE 6, PART VII-B, LINE 5C: THE BOX IS NOW CORRECTLY CHECKED AS FORM 4720 ATTACHMENT: THE POSITION OF THE TAXPAYER IS THA INTENTIONS AND UNDERSTANDINGS. EXPE WITH THE INCLUSION OF THE ATTACHED ANY INITIAL EXCISE TAX ON THE FORM CAUSE FOR ABATEMENT OF ANY ASSESSED ATTACHMENT TO RETURN: REQUIRED EXPENDITURE RESPONSIBILITY THE ORIGINAL RETURN. THEY ARE NOW A
    GENERAL ELECTIONS    

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MFB NORTHERN SHORT INTERMEDIATE US G    
    GOLDMAN SACHS GROUP INC    
    WAL-MART STORES INC    
    MFB NORTHERN FUNDS FIXED INCOME FD    
    MFB NORTHERN HIGH YIELD FIXED INCOME    
    MFC SPDR GOLD TR GOLD SHS    
    MFO CREDIT SUISSE COMMODITY-RETURN P    
    MFO PIMCO FDS INVT MGMT SER COMM    
    MFC ISHARES TR BARCLAYS TIPS BD FD    
    ACCESS CAPITAL COMMUNITY INVESTMENT    
    CRA QUALIFIED INVESTMENT FUND    
    CALVERT SOCIAL 2.5% 13 NOTES DUE 13,000 13,000
    CALVERT SOCIAL INVT 3% 15 NOTES DUE 13,000 13,000
    ACCESS CAPITAL COMMUNITY 63,842 63,178
    CALVERT BOND PORT CL A 88,228 90,155
    CRA QUALIFIED INVESTMENT 62,929 64,561
    DOMINI SOCIAL BOND FUND 79,010 79,083
    FRANKLIN TEMPLETON HARD 47,270 43,876
    PAX WORLD HIGH YIELD BD 76,759 71,272
    SIT U.S. GOVT SEC FUND 140,778 141,386
    TEMPLETON GLOBAL BOND 107,764 101,848
    AMERICAN BOND FUND 113,271 120,303
    AMERICAN CAP WORLD BD 8,485 8,522
    AMERICAN HIGH INCOME TR 223,363 216,825
    VANGUARD INTRMDIATE-TERM 39,464 41,185

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABB LTD    
    ACE LIMITED    
    ACE LIMITED    
    ACE LIMITED    
    AFFILIATED MANAGERS GRP    
    ALLERGAN INC    
    ALTERA CORP    
    AMERICA MOVIL SAB DE CV    
    AMERICAN BOND FUND OF AMERICA CL A    
    AMERICAN CAP WORLD BD FD SBI    
    AMERICAN FINL GRP HLDGS    
    AMERICAN HIGH INCOME TR SBI    
    AMERICAN TOWER CORP CL A    
    AMERICAN TOWER CORP CL A    
    AMERISOURCEBERGEN CORP    
    APACHE CORP    
    APACHE CORP    
    ARCH CAPITAL GRP LTD    
    AVON PROD INC    
    BJS WHOLESALE CLUB INC    
    BROADCOM CORP CALIF CL A    
    CABLEVISION NY GRP CL A    
    CARDINAL HEALTH INC OHIO    
    CELGENE CORP    
    CENTURYTEL INC    
    CHESAPEAKE ENERGY OKLA    
    CHEVRON CORP    
    CHEVRON CORP    
    CHILDRENS PL RETL STRS    
    CHINA PETE CHEM SPN ADR    
    CISCO SYSTEMS INC COM    
    CISCO SYSTEMS INC COM    
    CISCO SYSTEMS INC COM    
    COLGATE PALMOLIVE    
    COLGATE PALMOLIVE    
    COMMUNITY HEALTH SYS NEW    
    COSTCO WHOLESALE CRP DEL    
    COVIDIEN PLC SHS    
    COVIDIEN PLC SHS    
    CRACKER BAREL OLD COUNTRY STORE    
    CVS CAREMARK CORP    
    DANAHER CORP    
    DANAHER CORP    
    DARDEN RESTAURANTS    
    DEAN FOODS CO NEW    
    DEVON ENERGY CORP NEW    
    DEVRY INC DEL    
    DEVRY INC DEL    
    DIGITAL RLTY TR INC    
    DISCOVERY COMMUNICATN INC SERIES A    
    DST SYSTEMS INC    
    ENDO PHARMACEUTLCLS HLDGS    
    FOREST LABS INC    
    GAP INC DELAWARE    
    GARMIN LTD (KAYMAN IS)    
    GENERAL MILLS    
    GILEAD SCIENCES INC COM    
    GILEAD SCIENCES INC COM    
    GILEAD SCIENCES INC COM    
    GOLDMAN SACHS GROUP INC    
    GOODRICH CORPORATION    
    GOOGLE INC CL A    
    GSI COMMERCE INC    
    HEALTH MGMT ASSOCS    
    HERBALIFE LTD    
    HERBALIFE LTD    
    HEWLETT PACKARD CO DEL    
    HOME PROPERTIES INC    
    HONEYWELL INTL INC DEL    
    HONEYWELL INTL INC DEL    
    HONEYWELL INTL INC DEL    
    INTEL CORP    
    INTEL CORP    
    INTL BUSINESS MACHINES CORP IBM    
    INTL BUSINESS MACHINES CORP IBM    
    INTUIT INC    
    ISHARES FTSE XINHUA HK CHINA 25 INDE    
    ISHARES MSCI BRIC INDEX    
    ISHARES MSCI EMERGING MKTS INDEX FUN    
    ISHARES MSCI HONG KONG INDEX FUND    
    ISHARES MSCI SINGAPORE INDEX FUND    
    ISHARES MZCI TURKEY INDE FD    
    ISHARES TR MSCI EAFE GROWTH INDEX FU    
    ISHARES TR MSCI EAFE VALUE INDEX FUN    
    JACK IN THE BOX INC    
    JC PENNEY CO    
    JOHNSON AND JOHNSON COM    
    JOHNSON AND JOHNSON COM    
    JOHNSON AND JOHNSON COM    
    JPMORGAN CHASE & CO    
    JPMORGAN CHASE & CO    
    LAZARD LTD CL A    
    MARATHON OIL CORP    
    MCAFEE INC    
    MCKESSON CORPORATION COM    
    MCKESSON CORPORATION COM    
    MCKESSON CORPORATION COM    
    MFB NORTHER GLOBAL SUSTAINABILITY IN    
    MFB NORTHERN EMERGING MARKETS EQUITY    
    MFB NORTHERN FDS GLOBAL REAL ESTATE    
    MFB NORTHERN FDS GROWTH EQUITY FD    
    MFB NORTHERN FDS LARGE CAP    
    MFB NORTHERN FDS MULTI-MANAGER GLOBA    
    MFB NORTHERN FDS SMALL CAP    
    MFB NORTHERN FUNDS STK INDEX FD    
    MFB NORTHERN INTL EQUITY INDEX FD    
    MFB NORTHERN MID CAP INDEX FD    
    MICROSOFT CORP    
    MICROSOFT CORP    
    MONSANT CO NEW DEL COM    
    MONSANT CO NEW DEL COM    
    MONSANT CO NEW DEL COM    
    MYLAN INC    
    NBTY INC    
    NIKE INC CL B    
    ORACLE CORP    
    ORACLE CORP    
    ORACLE CORP    
    ORACLE CORP    
    PACKAGING CORP AMERICA    
    PACTIV CORPORATION    
    PEPSICO INC    
    PEPSICO INC    
    PEPSICO INC    
    PETROLEO BRAS SA ADR    
    PETSMART INC    
    PETSMART INC    
    PHARMERICA CORP    
    PLATINUM UNDRWRITRS HLDG    
    POWERSHARES FTSE RAFE EMRGIN    
    POWERSHARES FTSE RAFI DEVELOPMENT    
    POWERSHARES INDIA ETF TR    
    POWERSHARES MENA FRONTR    
    PRICE T ROWE GROUP INC    
    PRINCIPAL FINANCIAL GROUP    
    QUEST DIAGNOSTICS INC    
    QUEST DIAGNOSTICS INC    
    QUEST DIAGNOSTICS INC    
    QWEST COMM INTL INC    
    ROCKWELL AUTOMATION INC    
    ROCKWELL AUTOMATION INC    
    ROYAL DUTCH SHEL PLC SPONS ADR B    
    ROYAL DUTCH SHEL PLC SPONS ADR B    
    SALESFORCE COM INC    
    SCHLUMBERGER LTD    
    SILGAN HLDGS INC    
    SILGAN HLDGS INC    
    SPDR S P WORLD EX US    
    SPIRIT AEROSYSTEMS HLDGS INC    
    STATE STREET CORP    
    STATE STREET CORP    
    SYBASE INC    
    SYNNEX CORP    
    TENARIS S A ADR    
    TEVA PHARMACTCL INDS ASR    
    TORCHMARK CORP    
    TORCHMARK CORP    
    UNITED TECHS CORP COM    
    UNITED TECHS CORP COM    
    URBAN OUTFITTERS INC    
    URS CORP NEW    
    US BANCORP NEW    
    US BANCORP NEW    
    VIRGIN MEDIA INC    
    WALMART STORES INC    
    WALMART STORES INC    
    WHITING PETROLEUM CORP    
    WINDSTREAM CORP    
    WISCONSIN ENERGY CORP    
    WISCONSIN ENERGY CORP    
    WISCONSIN ENERGY CORP    
    XILINX INC    
    XILINX INC    
    XILINX INC    
    YUM BRANDS INC    
    YUM BRANDS INC    
    AFLAC INC    
    AMER EXPRESS COMPANY    
    AMERICAN WTR WKS CO INC    
    ARCHER DANIELS MIDLD    
    AUTOMATIC DATA PROC    
    BAKER HUGHES INC    
    CARNIVAL CORP PAIRED SHS    
    CATERPILLAR INC DEL    
    ENBRIDGE INC    
    GENUINE PARTS CO    
    CORP IBM    
    MCDONALDS CORP    
    NOVARTIS ADR    
    PRAXAIR INC    
    SAP AG SHS    
    TARGET CORP    
    UNITED PARCEL SVS    
    WALGREEN CO    
    BAIDU INC SPON ADR    
    BANCO BRADESCO S A ADR    
    BANCO SANTANDER SA ADR    
    BARRICK GOLD CORPORATION    
    BCE INC    
    CANADIAN PACIFIC RAILWAY    
    CHINA MOBILE LTD SPN ADR    
    COMPANHIA ENERG DE ADR    
    COPA HOLDINGS S A CL A    
    ENBRIDGE INC COM    
    FOMENTO ECNMCO MEX SPADR    
    GRUPO TELEVISA SA ADR    
    HSBC HLDG PLC ADR    
    ICICI BANK LTD SPD ADR    
    INFOSYS TECH LTD ADR    
    MAGNA INTL INC CL A VTG    
    NATIONAL GRID PLC SP ADR    
    NOVARTIS ADR    
    POTASH CORP SASKATCHEWAN    
    PRUDENTIAL PLC ADR    
    RESEARCH IN MOTION LTD    
    ROYAL DUTCH SHELL PLC    
    SONY CORP ADR NEW    
    SYNCENTA AG ADR    
    TORONTO DOMINION BANK    
    VALE SA    
    ABB LTD    
    ADOBE SYS DEL    
    AMERICA MOVIL SAB DE CV    
    BORG WARNER INC COM    
    CHINA PETE CHEM SPN ADR    
    CORNING INC    
    COSTCO WHOLESALE CRP DEL    
    DIGITAL RLTY TR INC    
    DISCOVERY COMMUNICATION    
    FIRST SOLAR INC    
    JACOBS ENGN GRP INC DELA    
    NATIONAL OILWELL VARCO    
    PATTERSON COS INC    
    QUALCOMM INC    
    SOUTHWESTERN ENERGY CO    
    TYCO ELECTRONICS LTD    
    WALGREEN CO    
    ALLIANCE DATA SYS CORP    
    AMERICAN AXLE & MFG HL DGS    
    ANCESTRY COM INC    
    CALAMOS ASSET MGMT INC    
    CELANESE CORP DEL SER A    
    CMS ENERGY CORP    
    CONAGRA FOODS INC    
    DISCOVER FINL SVCS    
    DR. PEPPER SNAPPLE GROUP INC    
    FAMILY DOLLAR STORES    
    FINISH LINE INC CL A    
    FIRST SOLAR INC    
    JETBLUE AIRWAYS CORP DEL    
    MACERICH CO    
    NOVELLUS SYS INC    
    PIONEER NATURAL RES CO    
    ROYAL CARIBBEAN CRUISES    
    SANDISK CORP INC    
    SIRONA DENTAL SYSTEMS    
    SL GREEN REALTY CORP    
    TIMKEN COMPANY    
    TRW AUTOMOTIVE HLDGS CRP    
    MFB NORTHERN LARGE CAP EQUITY FUND    
    MFC SPDR GOLD TR GOLD SHS    
    MFO PIMCO FDS PAC INVT MGMT SERV    
    CALVERT SOCIAL INVT BOND FUND    
    DOMINI SOCIAL BOND FUND INVESTOR CL    
    PAX WORLD HIGH YIELD FUND INDIVIDUAL    
    TEMPLETON GLOBAL BOND FUND CL A    
    RIDGEWORTH US GOVT SEC ULTRA    
    SIT US GOV'T SECS    
    FLEX PARTNERS TOTAL RETURN UTILITIES    
    FORWARD PROGRESSIVE REAL ESTATE FUND    
    CALVERT INTERNATIONAL OPPORTUNITY    
    PORTFOLIO 21 CL I    
    NEUBERGER BERMAN SOCIALLY    
    PARNASSUS EQUITY INCOME FUND INST    
    WALDEN SOCIAL EQTY FD    
    APPLESEED FD    
    PARNASSUS MID CAP FUND    
    PAX WORLD GROWTH FUND    
    PARNASSUS SMALL CAP    
    APPLESEED FD INVESTORS CL 77,354 70,863
    CALVERT INT'L OPPTY FD A 60,239 54,474
    FLEX UTILITIES 42,753 48,572
    GABELLI SRI GREEN FD CL 47,270 37,904
    NEUBERGER BERMAN 95,022 104,323
    PARNASSUS EQUITY INCOME 20,717 20,476
    PARNASSUS MID CAP FUND 73,472 73,347
    PARNASSUS SMALL CAP FUND 32,987 33,080
    PAX WORLD GLOBAL GREEN 31,513 28,168
    PAX WORLD INTL INDVL INV 63,027 51,624
    PORTFOLIO 21 10,359 9,485
    PARNASSUS EQUITY 107,608 115,247
    PORTIFOLIO 21 48,283 48,543
    ACE LIMITED 10,066 14,024
    AIR PRODUCTS & CHEM 12,562 11,927
    AMER EXPRESS COMPANY 18,011 18,868
    AMERICAN WTR WKS CO INC 21,229 28,674
    AUTOMATIC DATA PROC 23,528 27,005
    CARDNIAL HEALTH INC OHIO 25,789 32,488
    CATERPILLAR INC DEL 26,981 36,240
    COSTCO WHOLESALE CRP DEL 29,715 33,328
    COVIDIEN PLC SHS NEW 26,445 31,507
    CVS CAREMARK CORP 32,092 36,702
    DIGITAL RLTY TR INC 34,942 40,002
    DR PEPPER SNAPPLE GROUP INC 32,402 31,584
    HONEYWELL INTL INC 19,526 27,175
    INTL BUSINESS MACHINES 25,737 36,776
    INTUIT INC 27,675 27,084
    MARATHON OIL CORP 25,206 32,197
    MCDONALDS CORP 21,841 30,099
    MICROSOFT CORP 38,468 38,940
    NIKE INC 8,246 9,637
    PRICE T ROWE GROUP INC 22,939 28,475
    SCHLUMBERGER LTD 26,411 27,324
    TIFFANY & CO 22,981 19,878
    UNITED PARCEL SVC 32,015 36,595
    UNITED TECHS CORP 28,382 29,236
    VIACOM INC 25,036 22,705
    VODAFONE GRP 23,692 25,227
    WELLPOINT INC 26,927 26,500
    WISCONSIN ENERGY CORP 17,470 24,472
    ABB LTD 4,783 4,802
    ACE LIMITED 3,738 5,259
    ARCOS DORADOS HOLDING INC 2,656 2,464
    BAIDU INC 1,113 2,912
    BANCO BRADESCO 6,006 5,755
    BANCO SANTANDER 6,192 3,422
    CHECK POINT SOFTWARE TECH 2,150 2,102
    CHINA PETE CHEM 3,562 4,727
    CHINA UNICOM HONG KONG 4,029 4,332
    COMPANHIA ENERG 4,658 4,803
    COPA HOLDINGS 4,061 4,694
    COVIDIEN PLC SHS NEW 3,172 2,926
    ECOPETROL SA SPON ADR 3,052 3,116
    EMBRAER S A SPONSRD ADR 4,066 3,153
    FOMENTO ECNMCO MEX SPADR 2,352 3,834
    GLAXOSMITHKLINE PLC 4,789 5,247
    HONDA MOTOR 4,759 3,819
    ICICI BANK LTD 5,088 3,436
    LYONDELLBASELL INDUST 3,261 3,411
    MAGNA INTL INC 2,925 3,498
    NXP SEMICONDUCTORS 2,628 1,306
    PETROLEO BRAS SA 4,737 3,406
    POTASH CORP SASKATCHEWAN 3,607 4,128
    PRUDENTIAL 3,902 3,948
    RIO TINTO PLC 3,458 3,424
    SEADRILL LTD 3,505 3,318
    SYNGENTA AG 2,302 2,652
    TELEFONICA SA SPAIN 3,524 2,407
    TORONTO DOMINION BANK 4,457 5,611
    ADOBE SYS DEL 1,628 1,414
    AFFILIATED MANAGERS GRP 1,428 2,399
    ALLERGAN INC 943 2,106
    ANADARKO PETE CORP 1,501 1,527
    AVAGO TECHNOLOGIES LTD 1,312 1,154
    BIOGEN IDEC INC 995 1,101
    BORG WARNER INC 1,149 1,594
    CELGENE CORP 1,487 1,690
    CHINA PETE CHEM 856 1,051
    COSTCO WHOLESALE 1,097 1,583
    COVIDIEN PLC 1,586 1,575
    DICKS SPORTING GOODS INC 1,526 1,475
    DIGITAL RLTY TR 1,269 1,667
    DISCOVERY COMMUNICATIONS 565 2,089
    DOVER CORP 1,333 1,161
    E M C CORP. MASS 1,811 1,616
    EXPRESS SCRIPTS INC 1,360 1,341
    FED EX CORP DELAWARE 1,808 1,670
    GOOGLE INC 1,319 2,584
    HONEYWELL INTL INC 1,002 1,794
    INTUIT INC 1,509 1,578
    JACOBS ENGN GRP 1,717 1,623
    NATIONAL OILWELL VARCO INC 837 1,700
    QUALCOMM INC 1,886 2,188
    ROCKWELL AUTOMATION INC 844 1,101
    SALESFORCE COM INC 265 1,015
    STARWOOD HOTELS & RESORTS 1,446 1,199
    WHOLE FOODS MKT INC 1,467 1,740
    AECOM TECH CORP 815 617
    AGCO CORP 791 645
    ALASKA AIR GROUP INC 815 1,126
    AMERICAN AXLE & MFG 721 692
    AMERISOURCEBERGEN CORP 385 930
    ANCESTRY COM INC 758 689
    AVAGO TECHNOLOGIES 1,151 1,154
    BANKUNITED INC 680 660
    BUNGE LIMITED 1,377 1,144
    CADENCE DESIGN SYS INC 1,758 1,768
    CALAMOS ASSET MGMT INC 623 563
    CELANESE CORP 703 885
    CENTERPOINT ENERGY INC 1,162 1,306
    CF INDS HLDGS INC 729 725
    CUBIST PHARMACEUTICALS 899 991
    DISCOVER FNL SVCS 572 1,080
    EXPRESS INC 632 598
    FDL R INV TR SBI NEW MD 904 908
    FIFTH THIRD BANCORP 791 827
    FINISH LINE INC 584 771
    FOOT LOCKER INC 1,045 1,311
    GRAPHIC PACKAGING HLDG 755 618
    GT ADVANCED TECHNOLOGIES 466 326
    HEALTH MGMT ASSOC. INC. 309 442
    HERBALIFE LTD 888 775
    JABIL CIRCUIT INC 1,244 1,180
    KEMET CORP SHS 649 529
    MACY'S INC 1,012 1,126
    MEDNAX INC 1,102 1,080
    PENSKE AUTO GROUP INC 840 770
    PHARMERICA CORP 395 380
    SANDISK CORP INC 1,404 1,722
    SIGNATURE BANK 808 900
    SIGNET JEWELERS LTD 885 879
    SIRONA DENTAL SYSTEMS 822 1,101
    SM ENERGY CO SHS 1,721 1,828
    SONIC AUTOMOTIVE INC 459 518
    SUSSER HOLDINGS CORP 785 1,018
    TAL INTL GROUP INC 696 720
    TIMKEN COMPANY 1,089 968
    TRW AUTOMOTIVE HLDGS 1,004 815
    UNUM GROUP 793 737
    VALERO ENERGY CROP 1,211 1,158
    VIROPHARMA INC 826 1,370
    WINDSTREAM CORP 1,424 1,468

    TY 2011 OtherExpensesSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK FEES - OTHER 62     62
    DUES/SUBS 1,070     1,070
    INSURANCE 675     675
    MEETINGS 906     906
    MISC. EXPENSE 77     77
    ML INVESTMENT MANAGEMENT FEES 15,326 15,326    
    NICS INVESTMENT MGMT. FEES 13,697 13,697    
    NORTHERN TRUST INVESTMENT MAN 2,469 2,469    
    OFFICE EXPENSES 567 142   425
    POSTAGE 507     507
    WEBSITE 332     332


    TY 2011 OtherLiabilitiesSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Description Beginning of Year - Book Value End of Year - Book Value
    CALL-2 SHR INT BUS MACH EXP 1/22/11 262  
    CALL-4 SHR PRICE T ROWE EXP 4/16/11 553  
    CALL-4 SHR SAP AG SHS EXP 1/22/11 460  
    CALL-2 SHR WISCON ENERGY EXP 1/22/11 234  
    CALL-2 SHR ENBRIDGE INC EXP 1/22/11 210  
    CALL-8 SHR CARDINAL HLTH EXP 3/19/11 520  
    CALL-1 SHR PRAXAIR INC EXP 1/22/11 105  
    CALL-4 SHR NOVARTIS EXP 1/22/11 520  
    CALL-2 SHR AMER EXPRESS EXP 4/16/11 162  
    CALL-4 SHR COSTCO WHSALE EXP 1/22/11 741  
    CALL-4 SHR CARNIVAL CORP EXP 4/16/11 500  
    PAYROLL TAXES PAYABLE 931 2,076
    CALL ACE 00077.500   318
    CALL TROW 00065.000   1,243
    CALL NKE 00110.000   200


    TY 2011 SubstantialContributorsSch
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Name Address
    KERRY HEUBECK PO BOX 2035
    EL PRADO,NM87529


    TY 2011 TaxesSchedule
    Name:
    QUAIL ROOST FOUNDATION
    EIN: 76-0754268
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 2,196 610    
    LICENSES