Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 07-01-2013 , and ending 06-30-2014
Name of foundation
WHITNEY BENEFITS INC AND SUBSIDIARY
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5085   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SHERIDAN, WY82801
A Employer identification number

83-0168511
B Telephone number (see instructions)

(307) 674-7303
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$133,107,838J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 257,485
2 Check bullet
3 Interest on savings and temporary cash investments 10,020 10,020  
4 Dividends and interest from securities...... 2,539,903 2,508,103  
5a Gross rents.............. 16,985 16,985  
b Net rental income or (loss) -14,997
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 7,888,310
b Gross sales price for all assets on line 6a 38,802,805
7 Capital gain net income (from Part IV, line 2)... 7,881,734
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 97,836 37,425 0
12 Total. Add lines 1 through 11........ 10,810,539 10,454,267 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 134,247 64,874 0 64,874
14 Other employee salaries and wages...... 324,763 162,382 0 162,381
15 Pension plans, employee benefits....... 139,017 69,509 0 69,509
16a Legal fees (attach schedule)......... Click to see attachment 30,015 30,015 0 0
b Accounting fees (attach schedule)....... Click to see attachment 27,467 27,467 0 0
c Other professional fees (attach schedule).... Click to see attachment 266,083 254,039 0 12,044
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 131,356 33,976 0 593
19 Depreciation (attach schedule) and depletion... Click to see attachment 62,302 62,302 0
20 Occupancy.............. 14,152 7,076 0 7,076
21 Travel, conferences, and meetings....... 16,807 8,403 0 8,404
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 187,707 55,548 0 71,295
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,333,916 775,591 0 396,176
25 Contributions, gifts, grants paid........ 28,058,320 5,078,210
26 Total expenses and disbursements. Add lines 24 and 25 29,392,236 775,591 0 5,474,386
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -18,581,697
b Net investment income (if negative, enter -0-) 9,678,676
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
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.......... 2,989,528 4,012,798 4,012,798
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 instructions).....      
7 Other notes and loans receivable (attach schedule) bullet11,679,045
Less: allowance for doubtful accounts bullet111,000 15,492,529 11,568,045 11,568,045
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 18,613    
10a Investments—U.S. and state government obligations (attach schedule) 4,029,496 Click to see attachment1,875,792 1,875,792
b Investments—corporate stock (attach schedule)........ 66,095,657 Click to see attachment88,275,557 88,275,557
c Investments—corporate bonds (attach schedule)........ 1,125,338 Click to see attachment629,586 629,586
11 Investments—land, buildings, and equipment: basis bullet2,798,873
Less: accumulated depreciation (attach schedule) bullet423,330 3,378,210 Click to see attachment2,375,543 21,390,918
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment6,026,436 Click to see attachment5,355,142 Click to see attachment5,355,142
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 99,155,807 114,092,463 133,107,838
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 attachment3,124,520 Click to see attachment30,929,299
23 Total liabilities (add lines 17 through 22).......... 3,124,520 30,929,299
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................ 96,031,287 83,163,164
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 96,031,287 83,163,164
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 99,155,807 114,092,463
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 96,031,287
2 Enter amount from Part I, line 27a..................... 2 -18,581,697
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 9,155,932
4 Add lines 1, 2, and 3.......................... 4 86,605,522
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 3,442,358
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 83,163,164
Form 990-PF (2013)
Form 990-PF (2013)
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 VICTORY-LARGE CAP VALUE      
b BRANDES-INTERNATIONAL      
c CONGRESS-LARGE CAP GROWTH      
d FIXED INCOME-BONDS      
e WALTHAUSEN-SMALL CAP VALUE      
HUSSMAN STRATEGIC-ALTERNATIVE      
PIMCO-FIXED INCOME      
CALVERT-FIXED INCOME      
FIRST EAGLE-LARGE CAP GROWTH      
DOUBLELINE-FIXED INCOME      
FPA-FIXED INCOME      
AQR-ALTERNATIVE      
DODGE & COX-FIXED INCOME      
PIA-FIXED INCOME      
HARBOR INTERNATIONAL-LARGE CAP      
AMG-YACKTMAN FUND      
ALGER SPECTRA CL Z      
VIRTUS REAL ESTATE      
T ROWE PRICE      
SECURITY LITIGATION INCOME P    
(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 10,969,430   8,712,595 2,256,835
b 1,482,888   1,342,642 140,246
c 5,448,825   4,042,390 1,406,435
d 2,268,769   2,229,818 38,951
e 2,606,598   1,778,678 827,920
58,231   66,197 -7,966
3,518,514   3,583,307 -64,793
64,754   63,793 961
74,435   69,196 5,239
2,700,534   2,755,081 -54,547
107,400   109,975 -2,575
53,049   52,082 967
56,085   56,872 -787
126,827   127,359 -532
1,213,668   1,081,957 131,711
2,494,900   1,723,756 771,144
1,991,066   1,538,323 452,743
3,514,371   1,537,530 1,976,841
34,843   35,020 -177
3,118     3,118
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       2,256,835
b       140,246
c       1,406,435
d       38,951
e       827,920
      -7,966
      -64,793
      961
      5,239
      -54,547
      -2,575
      967
      -787
      -532
      131,711
      771,144
      452,743
      1,976,841
      -177
      3,118
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 7,881,734
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 8,429,507 91,667,559 0.091957
2011 4,183,706 86,324,749 0.048465
2010 4,841,915 84,967,327 0.056986
2009 6,338,980 78,803,947 0.080440
2008 5,828,208 76,962,460 0.075728
2 Total of line 1, column (d) ...................... 2 0.353576
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 0.070715
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 96,307,074
5 Multiply line 4 by line 3....................... 5 6,810,355
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 96,787
7 Add lines 5 and 6......................... 7 6,907,142
8 Enter qualifying distributions from Part XII, line 4.............. 8 6,940,737
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
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 96,787
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 0
3 Add lines 1 and 2............................ 3 96,787
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 96,787
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 88,657
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 88,657
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 8,130
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet   RefundedBullet 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWY
    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 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WHITNEYBENEFITS.ORG
    14
    The books are in care ofbulletPATRICK HENDERSON Telephone no.bullet (307) 674-7303
    Located atbulletPO BOX 5085SHERIDANWY ZIP+4bullet82801
    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 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 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 2013.)....................
    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 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    KIM LOVE DIRECTOR
    2.00     		0 0 0
    BOX 5086
    SHERIDAN,WY82801
    ROY GARBER VICE PRESIDENT
    2.00     		0 0 0
    BOX 386
    BIG HORN,WY82833
    SAM SCOTT DIRECTOR
    2.00     		0 0 0
    PO BOX 401
    DAYTON,WY82836
    TOM BELUS SECRETARY
    5.00     		0 0 0
    4 SWAIM ROAD
    SHERIDAN,WY82801
    TOM KINNISON PRESIDENT
    5.00     		0 0 0
    307 WEST BURKITT
    SHERIDAN,WY82801
    MAUREEN HUMPHRYS DIRECTOR
    2.00     		0 0 0
    1144 VICTORIA
    SHERIDAN,WY82801
    PETER SCHOONMAKER DIRECTOR
    2.00     		0 0 0
    1 EAST ALGER SUITE 206
    SHERIDAN,WY82801
    PATRICK HENDERSON EXECUTIVE DIRECTOR
    40.00     		134,247 15,350 0
    2034 SUMMIT DRIVE
    SHERIDAN,WY82801
    STEPHEN HOLST TREASURER
    2.00     		0 0 0
    1366 PIONEER ROAD
    SHERIDAN,WY82801
    ROBERT PRUSAK DIRECTOR
    2.00     		0 0 0
    1471 DUTCH CREEK ROAD 161
    CLEARMONT,WY82835
    LYNIE PHIPPS DIRECTOR
    2.00     		0 0 0
    763 KING STREET
    SHERIDAN,WY82801
    LORI MCMULLEN DIRECTOR
    2.00     		0 0 0
    101 WEST BRUNDAGE STREET
    SHERIDAN,WY82801
    TOM PILCH DIRECTOR
    2.00     		0 0 0
    3 SOLDIER CREEK ROAD
    SHERIDAN,WY82801
    EVERETT MCGLOTHLIN DIRECTOR
    2.00     		0 0 0
    105 S BADGER
    SHERIDAN,WY82801
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    CRAIG J ACHORD STAFF ACCOUNTANT
    40.00     		67,023 7,690 0
    96 CAVALRY RIDGE ROAD
    SHERIDAN,WY82801
    JANET C AUSTIN COORDINATOR
    40.00     		57,368 9,177 0
    1126 NORTH GOULD
    SHERIDAN,WY82801
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 STUDENT LOANS MADE FROM JULY 2013 - JUNE 2014 PER PROGRAM REQUIREMENTS 1,466,351
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet1,466,351
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    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
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,815,354
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    96,787
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    96,787
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,718,567
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,141,627
    5
    Add lines 3 and 4............................
    5
    6,860,194
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    6,860,194
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    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
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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 (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 6,860,194
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 184,221
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012.......  
    fTotal of lines 3a through e......... 0
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 6,940,737
    a Applied to 2012, but not more than line 2a 184,221
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2013 distributable amount..... 6,756,516
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		103,678
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012....  
    e Excess from 2013....  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, 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) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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 or e-mail address of the person to whom applications should be addressed:
    WHITNEY BENEFITS INC
    145 N CONNOR STREET SUITE 1
    SHERIDAN,WY82801
    (307) 674-7303
    STUDENTLOANS@WHITNEYBENEFITS.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    LOAN APPLICATIONS ARE AVAILABLE ONLINE AT WWW.WHITNEYBENEFITS.ORG.
    cAny submission deadlines:
    SOME DEADLINES APPLY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SOME RESTRICTIONS APPLY BASED ON RESIDENCY AND INCOME.
    Form 990-PF (2013)
    Form 990-PF (2013)
    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
    SHERIDAN COLLEGE - 50 N MAIN ST SHERIDAN WY 82801
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC PROVIDE PROPERTY FOR EDUCATIONAL PURPOSES 362,057
    SHERIDAN COLLEGE - GRIFFITH LIBRARY BLDG SHERIDAN WY 82801
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC PROVIDE PROPERTY FOR EDUCATIONAL PURPOSES 985,000
    SHERIDAN COLLEGE - VOCATIONAL TECH CENTER
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC PROVIDE PROPERTY FOR EDUCATIONAL PURPOSES 500,000
    SHERIDAN ICE LLC
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC PROVIDE FACILITIES EQUIPMENT AND PERSONNEL FOR THE COMMUNITY ICE RINK 20,803
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC PROVIDE EQUIPMENT FOR DENTAL HYGIENE PROGRAM 134,110
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC STUDENT LOAN DISCOUNTS TO BALANCE OWED 32,097
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST WITH ACADEMIC CENTER 884,236
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST WITH HOUSING 1,447,468
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST WITH VOCATIONAL STUDIES 50,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST WITH VOCATIONAL STUDIES 25,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST WITH THE ARTS 50,000
    SHERIDAN COLLEGE
    3059 COFFEEN AVE
    SHERIDAN,WY82801     		NONE PC ASSIST WITH BUILDING OF THORNERIDER AND OTHER 542,000
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC COMMUNITY DEVELOPMENT 8,839
    SHERIDAN COMMUNITY
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC FINANCIAL ASSISTANCE WITH WHITNEY COMMONS 36,600
    Total .................................bullet 3a 5,078,210
    bApproved for future payment
    SHERIDAN COMMUNITY AND COLLEGE
    PO BOX 5085
    SHERIDAN,WY82801     		NONE PC FUTURE CONTRIBUTIONS TO SHERIDAN COLLEGE AND SHERIDAN COMMUNITY 22,980,110
    Total .................................bullet 3b 22,980,110
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 10,020  
    4 Dividends and interest from securities....     14 2,539,903  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -14,997  
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    01 7,888,310  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aCONTRACT INCOME     03 18,407  
    bSHERIDAN ICE     03 78,949  
    cMISC, INCOME     03 250  
    dBOOK SALES     03 230  
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 10,521,072 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    1310,521,072
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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
    Yes
     
    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
    1c 0 EAW INC 501 (C)(2) SHARING OF OFFICE PERSONNEL AND MANAGEMENT.
    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
    EAW INC 501(C)(2) COMMON DIRECTORS/AUXILLARY OF REPORTING ORGANIZATION.
    SHERIDAN ICE LLC LLC COMMON DIRECTORS/AUXILLARY OF REPORTING ORGANIZATION.
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    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.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2013
    Name of the organization
    WHITNEY BENEFITS INC AND SUBSIDIARY
     
    Employer identification number

    83-0168511
    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 its Form 990PF, Part I, line 2, 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) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 2
    Name of organization
    WHITNEY BENEFITS INC AND SUBSIDIARY
          		Employer identification number

    83-0168511
    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
    ESTIMATED PRESENT VALUE OF FUTURE BENEFIT FROM ELEANOR P GREGG TRUST
     

       
    2 N MAIN STREET
     
    SHERIDAN, WY82801

    		$257,485


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 3
    Name of organization
    WHITNEY BENEFITS INC AND SUBSIDIARY
          		Employer identification number

    83-0168511
    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
    1
    		 PRESENT VALUE INTEREST IN TRUST CONTAINING EQUITIES. $257,485 2014-06-30
    (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) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    WHITNEY BENEFITS INC AND SUBSIDIARY
          		Employer identification number

    83-0168511
    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) (2013)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2013 AccountingFeesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HARKER MELLINGER CPA'S, LLC 6,657 6,657 0 0
    LENHART MASON & ASSOCIATES. LLC 20,500 20,500 0 0
    RUCKI, MARSHALL, NEWBROUGH, CPA'S, PC 310 310 0 0

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    TY 2013 DepreciationSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    ADAMS RANCH-SPRINKLER SYSTEM 2005-05-30 65,633 65,633 SL 7.000000000000 0 0 0  
    ADAMS RANCH-ELEC UPGRADE-SPRINK SYS 2005-07-12 3,153 1,008 SL 25.000000000000 126 126 0  
    ADAMS RANCH-SPRINKLER SYSTEM 2007-11-29 95,597 76,251 SL 7.000000000000 13,657 13,657 0  
    ADAMS RANCH-SIDEROLL PIPELINE REPAIR 2008-08-18 6,293 4,345 SL 7.000000000000 899 899 0  
    ADAMS RANCH-SURVEY FOR FENCING 2010-09-10 1,434 581 SL 7.000000000000 205 205 0  
    ADAMS RANCH-FENCE LINE REPAIR 2010-11-10 4,700 1,790 SL 7.000000000000 671 671 0  
    ADAMS RANCH-PIVOR PAYMENT 2013-05-23 8,000 95 SL 7.000000000000 1,143 1,143 0  
    ADAMS RANCH-IMPROVEMENTS   55,535 55,535 SL 7.000000000000 0 0 0  
    ADAMS RANCH-WELL 1990-01-01 987 664 SL 15.000000000000 0 0 0  
    ADAMS RANCH-ELEC SERVICE 1990-06-01 1,550 837 SL 25.000000000000 62 62 0  
    ADAMS RANCH-IRRIGATION 1991-12-01 2,450 1,534 SL 15.000000000000 0 0 0  
    ADAMS RANCH-IRRIGATION SPRINKLER 1991-12-01 9,702 6,065 SL 15.000000000000 0 0 0  
    ADAMS RANCH-IMPROVEMENTS   1,100 1,100 SL 7.000000000000 0 0 0  
    ADAMS RANCH-LAND 1966-01-01 13,818   L   0 0 0  
    ADAMS RANCH-SHR HGHTS SKIRTING 2003-04-30 2,921 209 SL 7.000000000000 0 0 0  
    ADAMS RANCH-TRAILER ROOF 2001-12-19 2,300 460 SL 10.000000000000 0 0 0  
    ADAMS RANCH-2 SHEDS 2009-07-20 2,096 1,049 SL 7.000000000000 299 299 0  
    ADAMS RANCH-FENCE ON S LINE 2009-12-07 15,726 7,863 SL 7.000000000000 2,247 2,247 0  
    ADAMS RANCH-PIPE THE ADKINS DITCH 2010-04-27 2,986 696 SL 15.000000000000 199 199 0  
    ADAMS RANCH-ROAD BASE 2009-09-15 5,256   L   0 0 0  
    ADAMS RANCH-LAND SURVEY 2010-10-25 1,962 747 SL 7.000000000000 280 280 0  
    ADAMS RANCH-2ND DUMP SITE 2011-08-16 2,500 313 SL 15.000000000000 167 167 0  
    ADAMS RANCH-DUMP SITE 2011-10-05 847 91 SL 15.000000000000 56 56 0  
    ADAMS RANCH-2 SHARES PARK RES 2013-04-18 8,600   L   0 0 0  
    ADAMS RANCH-TRAIL SYSTEM 2007-08-31 2,480 963 SL 15.000000000000 165 165 0  
    ADAMS RANCH-WOODLAND PARK-ENGINEERING 2007-06-16 26,590 22,794 SL 7.000000000000 3,796 3,796 0  
    ADAMS RANCH-SURVEYING, ENGINEERING 2008-06-30 24,896 17,785 SL 7.000000000000 3,557 3,557 0  
    LEGAL & CONSULTING 2008-07-25 3,688   NC 0 % 0 0 0  
    CONSTRUCTION COSTS 2009-01-20 242,880   NC 0 % 0 0 0  
    LIGHTING 2008-11-10 96,960   NC 0 % 0 0 0  
    ADAMS RANCH-WOODLAND PARK-SUBDIVISION 2009-12-10 6,773   NC 0 % 0 0 0  
    ADAMS RANCH-LAND 2010-06-17 65,000   NC 0 % 0 0 0  
    ADAMS RANCH-ESCROW RELEASED 2010-07-13 7,500 1,500 SL 15.000000000000 500 500 0  
    ADAMS RANCH-WPLLC HYDRO/MULCH/SEED 2011-04-12 2,640   NC 0 % 0 0 0  
    145 N. CONNOR SUITE 1-1 WINDOW 2010-01-05 5,982 1,396 SL 15.000000000000 399 399 0  
    145 N. CONNOR SUITE 1-W PANEL FOR OFFICE 2010-02-11 950 221 SL 15.000000000000 63 63 0  
    145 N. CONNOR SUITE 1-TILE BATHROOM 2010-02-23 11,785 2,750 SL 15.000000000000 786 786 0  
    145 N. CONNOR SUITE 1-OFFICE BUILDING 2012-06-21 524,864 14,020 SL 39.000000000000 13,458 13,458 0  
    145 N. CONNOR SUITE 1-LAND 2012-06-21 55,294   L   0 0 0  
    244 N. BROOKS-BLDG 2009-06-30 201,710 22,005 SL 27.500000000000 7,335 7,335 0  
    244 N. BROOKS-LAND 2009-06-30 133,215 7,335 L   0 0 0  
    244 N. BROOKS-ELECTRICAL SYSTEM 2009-07-01 6,800 1,304 SL 15.000000000000 453 453 0  
    244 N. BROOKS-NEW ROOF 2013-09-30 10,115   SL 27.500000000000 276 276 0  
    244 N. BROOKS-ASPHALT PARKING LOT 2014-04-15 32,198   SL 15.000000000000 537 537 0  
    260 N. JEFFERSON-LAND 2009-07-31 113,081   NC 0 % 0 0 0  
    260/300 N. JEFFERSON-VINYL 2013-10-10 6,450   NC 15.000000000000 0 0 0  
    260/300 N. JEFFERSON-LANDS 2014-01-13 27,941   NC 15.000000000000 0 0 0  
    260 N. JEFFERSON-LAND IMPROVE. 2014-05-21 20,779   L 15.000000000000 0 0 0  
    300 N. JEFFERSON-LAND 2003-12-31 168,000   L   0 0 0  
    300 N. JEFFERSON-REPLACE PIPES- 2011-08-04 2,470   NC 27.500000000000 0 0 0  
    421 E. BRUNDAGE-LAND-GIFTED 2003 2009-07-01 142,617   L   0 0 0  
    SMITH STREET TRACT B PSMS 2003-12-31 75,838   L   0 0 0  
    WHITNEY FIELD-LAND 1990-10-01 58,645   L   0 0 0  
    WHITNEY DEMOLISHED BLDG 1990-10-01 36,931 15,051 L   0 0 0  
    WHITNEY FIELD VARIOUS 2000-12-01 192,094   L   0 0 0  
    WB-SHARP COPIER 2000-01-19 3,295 2,581 SL 5.000000000000 0 0 0  
    WB-BOARD TABLES 2003-03-04 13,060 2,612 SL 7.000000000000 0 0 0  
    WB-HP4200 2003-03-19 1,199 240 SL 7.000000000000 0 0 0  
    WB-1 FILE CABINET 2004-02-09 1,380 276 SL 7.000000000000 0 0 0  
    WB-DESK ASSISTANT 2004-04-26 1,225 245 SL 7.000000000000 0 0 0  
    WB-3 FIREPROOF FILE CABINETS 2005-02-16 4,140 828 SL 7.000000000000 0 0 0  
    WB-2 FILE CABINETS 2005-03-24 2,740 548 SL 7.000000000000 0 0 0  
    WB-DESK AND CREDENZA 2005-04-21 1,865 373 SL 7.000000000000 0 0 0  
    WB-MICROSOFT 2005-11-17 2,377 475 SL 3.000000000000 0 0 0  
    WB-FILE CABINETS 2006-05-15 1,400 280 SL 7.000000000000 0 0 0  
    WB-1 MARANTZ PMD670 2006-07-07 648 130 SL 7.000000000000 0 0 0  
    50%-WB-MR WHITNEY 2007-02-05 12,500 2,291 SL 7.000000000000 521 521 0  
    50%-WB-FILE CABINETS 2007-07-05 1,575 270 SL 7.000000000000 113 113 0  
    50%-WB-BOARDROOM 2007-07-06 1,850 318 SL 7.000000000000 132 132 0  
    50%-WB-COLOR 2007-09-06 11,249 1,873 SL 7.000000000000 804 804 0  
    50%-WB-HP4250 2008-04-01 1,422 284 SL 5.000000000000 0 0 0  
    50%-WB-FILE CABINET CPA 2008-04-22 1,575 233 SL 7.000000000000 113 113 0  
    50%-WB-4 OFFICE CHAIRS 2010-02-15 2,042 203 SL 7.000000000000 146 146 0  
    50%-WB-11 SIDE CHAIRS 2010-02-15 4,489 448 SL 7.000000000000 321 321 0  
    50%-WB-VISUAL BOARD 2010-02-15 1,061 105 SL 7.000000000000 76 76 0  
    50%-WB-3 END TABLES 2010-02-15 1,335 133 SL 7.000000000000 96 96 0  
    50%-WB-DELUXE LECTERN 2010-02-15 2,616 262 SL 7.000000000000 187 187 0  
    50%-WB-MAGAZINE TABLE 2010-02-15 475 49 SL 7.000000000000 34 34 0  
    50%-WB-CONFERENCE ROOM 2010-02-15 986 98 SL 7.000000000000 71 71 0  
    50%-WB-6 MID-BACK 2010-02-15 2,921 291 SL 7.000000000000 209 209 0  
    50%-WB-DIRECTOR 2010-02-15 1,100 109 SL 7.000000000000 79 79 0  
    50%-WB-DIRECTOR DESK 2010-02-15 2,549 255 SL 7.000000000000 182 182 0  
    50%-WB-DIRECTOR OPEN 2010-02-15 359 35 SL 7.000000000000 26 26 0  
    50%-WB-DIRECTOR DOUBLE 2010-02-15 378 38 SL 7.000000000000 27 27 0  
    50%-WB-DIRECTOR OFFICE 2010-02-15 511 52 SL 7.000000000000 37 37 0  
    50%-WB-DIRECTOR TWO SIDED 2010-02-15 816 81 SL 7.000000000000 59 59 0  
    50%-WB-BOARDROOM TECH 2010-03-05 26,688 3,738 SL 5.000000000000 2,669 2,669 0  
    50%-WB-8 PHONES 2010-03-08 6,968 976 SL 5.000000000000 697 697 0  
    50%-WB-5 COMPUTERS 2010-03-08 3,295 462 SL 5.000000000000 330 330 0  
    50%-WB-4 WIDESCREEN 2010-03-08 800 112 SL 5.000000000000 80 80 0  
    50%-WB-8 ROLLER SHADES 2010-03-18 2,406 241 SL 7.000000000000 172 172 0  
    50%-WB-7 WOOD BLINDS 2010-03-18 1,386 140 SL 7.000000000000 99 99 0  
    50%-WB-BOARDROOM 2010-03-29 2,052 287 SL 5.000000000000 205 205 0  
    50%-WB-145 N CONNOR DEFIBRILLATOR 2010-09-08 1,904 219 SL 5.000000000000 191 191 0  
    50%-WB-3 NOTEBOOKS 2010-09-10 4,437 509 SL 5.000000000000 444 444 0  
    50%-WB-NEW SERVER 2011-02-28 5,009 475 SL 5.000000000000 501 501 0  
    50%-WB-FOUNDANT 2011-05-05 6,500 1,300 SL 2.000000000000 0 0 0  
    50%-WB-MARANTZ PORTABLE 2012-01-30 1,110 44 SL 7.000000000000 80 80 0  
    50%-WB-FORTIGATE 2012-03-02 1,230 48 SL 7.000000000000 88 88 0  
    50%-WB-5 LICENSES ADOBE 2012-04-04 2,245 169 SL 3.000000000000 374 374 0  
    50%-WB-SHARP DX-B350P 2012-10-04 995 30 SL 5.000000000000 100 100 0  
    50%-WB-UPGRADE WINDOWS 2013-04-17 2,455 41 SL 3.000000000000 409 409 0  
    50%-WB-2 YEAR SOFTWARE 2013-04-18 4,000 33 SL 2.000000000000 1,000 1,000 0  
    50%-WB-MARANTZ PMD671 2014-01-10 1,159   SL 5.000000000000 58 58 0  
    50%-WB-TABLES 2014-03-06 1,310   SL 7.000000000000 31 31 0  
    50%-WB-6 COMPUTERS, 2 TV'S 2014-05-01 12,269   SL 5.000000000000 205 205 0  

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    TY 2013 GainLossSaleOtherAssetsSch
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    2001 DODGE RAM 2009-11 PURCHASED 2013-09 SHAWN SEYMOUR 14,500 17,990   0 6,576 10,066

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 629,586 629,586

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS 88,275,557 88,275,557

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    US Government Securities - End of Year Book Value:

    1,875,792
    US Government Securities - End of Year Fair Market Value:

    1,875,792
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2013 InvestmentsLandSchedule2
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    ADAMS RANCH-SPRINKLER SYSTEM 65,633 65,633 0  
    ADAMS RANCH-ELEC UPGRADE-SPRINK SYS 3,153 1,134 2,019  
    ADAMS RANCH-SPRINKLER SYSTEM 95,597 89,908 5,689  
    ADAMS RANCH-SIDEROLL PIPELINE REPAIR 6,293 5,244 1,049  
    ADAMS RANCH-SURVEY FOR FENCING 1,434 786 648  
    ADAMS RANCH-FENCE LINE REPAIR 4,700 2,461 2,239  
    ADAMS RANCH-PIVOR PAYMENT 8,000 1,238 6,762  
    ADAMS RANCH-IMPROVEMENTS 55,535 55,535 0  
    ADAMS RANCH-WELL 987 664 323  
    ADAMS RANCH-ELEC SERVICE 1,550 899 651  
    ADAMS RANCH-IRRIGATION 2,450 1,534 916  
    ADAMS RANCH-IRRIGATION SPRINKLER 9,702 6,065 3,637  
    ADAMS RANCH-IMPROVEMENTS 1,100 1,100 0  
    ADAMS RANCH-LAND 13,818 0 13,818  
    ADAMS RANCH-SHR HGHTS SKIRTING 2,921 209 2,712  
    ADAMS RANCH-TRAILER ROOF 2,300 460 1,840  
    ADAMS RANCH-2 SHEDS 2,096 1,348 748  
    ADAMS RANCH-FENCE ON S LINE 15,726 10,110 5,616  
    ADAMS RANCH-PIPE THE ADKINS DITCH 2,986 895 2,091  
    ADAMS RANCH-ROAD BASE 5,256 0 5,256  
    ADAMS RANCH-LAND SURVEY 1,962 1,027 935  
    ADAMS RANCH-2ND DUMP SITE 2,500 480 2,020  
    ADAMS RANCH-DUMP SITE 847 147 700  
    ADAMS RANCH-2 SHARES PARK RES 8,600 0 8,600  
    ADAMS RANCH-TRAIL SYSTEM 2,480 1,128 1,352  
    ADAMS RANCH-WOODLAND PARK-ENGINEERING 26,590 26,590 0  
    ADAMS RANCH-SURVEYING, ENGINEERING 24,896 21,342 3,554  
    LEGAL & CONSULTING 3,688 0 3,688  
    CONSTRUCTION COSTS 242,880 0 242,880  
    LIGHTING 96,960 0 96,960  
    ADAMS RANCH-WOODLAND PARK-SUBDIVISION 6,773 0 6,773  
    ADAMS RANCH-LAND 65,000 0 65,000  
    ADAMS RANCH-ESCROW RELEASED 7,500 2,000 5,500  
    ADAMS RANCH-WPLLC HYDRO/MULCH/SEED 2,640 0 2,640  

    TY 2013 LegalFeesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WENDTLAND & WENDTLAND, LLP 5,398 5,398 0 0
    LEWIS ROCA ROTHGERBER LLP 4,557 4,557 0 0
    KUTAK ROCK LLP 6,023 6,023 0 0
    YONKEE & TONER 14,037 14,037 0 0


    TY 2013 OtherAssetsSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CITY OF SHERIDAN DEPOSIT 90 0 0
    WB ESCROW 957,389 0 0
    WHITNEY PROJECT 5,068,957 5,097,657 5,097,657
    BENEFICIAL INTEREST IN TRUST   257,485 257,485


    TY 2013 OtherDecreasesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Description Amount
    VARIATION BETWEEN TAX AND FINANCIAL ACCUM. DEPRECIATION 3,442,358


    TY 2013 OtherExpensesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 540 270 0 270
    BANK CHARGES 1,449 724 0 725
    CREDIT REPORTS 2,177 0 0 2,177
    DUES 2,263 1,132 0 1,131
    INSURANCE-GENERAL 24,595 12,298 0 12,297
    LANDSCAPE 13,541 0 0 13,541
    MEALS 11,083 5,542 0 5,542
    BAD DEBT EXPENSE 17,536 0 0 0
    COLLECTIONS 2,403 0 0 2,403
    REPAIRS AND MAINT 32,993 16,497 0 16,496
    POSTAGE 3,261 1,631 0 1,630
    PRINTING AND SHREDDING 2,242 1,121 0 1,121
    SUPPLIES 7,330 3,665 0 3,665
    CONDO ASSOCIATION DUES 4,122 2,061 0 2,061
    MISC, EXPENSE 790 395 0 395
    TECHNOLOGY EXPENSE 7,050 3,525 0 3,525
    TELEPHONE 8,631 4,315 0 4,316
    PROJECT-LOSS REPORTED ON 990-T 43,329 0 0 0
    INSURANCE 656 656   0
    IRRIGATION FEES 1,716 1,716   0


    TY 2013 OtherIncomeSchedule2
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CONTRACT INCOME 18,407   18,407
    SHERIDAN ICE 78,949   78,949
    MISC, INCOME 250   250
    BOOK SALES 230   230


    TY 2013 OtherIncreasesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Description Amount
    VARIATION BETWEEN PRIOR YEAR COST SECURITY REPORTING 9,155,932


    TY 2013 OtherLiabilitiesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Description Beginning of Year - Book Value End of Year - Book Value
    DAMAGE DEPOSITS 1,075 0
    STUDENT ACCOUNTS PAYABLE 3,122,199 0
    CURRENT LIABILITIES 473 63,571
    CREDIT CARD PAYABLE 573 965
    WC RENTAL DEPOSIT 200 0
    ACCRUED COMPENSATED ABSENCES 0 13,389
    DISTRIBUTIONS PAYABLE 0 1,850,000
    LONG-TERM COMMITMENTS 0 28,993,244
    EXCISE TAX PAYABLE 0 8,130


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CEFEX CENTRE FOR FIDUCIARY EXCELLENCE 8,000 0 0 8,000
    FARMER & BETTS 2,100 0 0 2,100
    PHOTO FINISH 222 0 0 222
    CTA INC 1,090 0 0 1,090
    MISCELLANEOUS 632 0 0 632
    ADVISORY FEES-WALTHAUSEN 25 25 0 0
    ADVISORY FEES-VICTORY 73,010 73,010 0 0
    ADVISORY FEES-FRONTIER ASSET 90,000 90,000 0 0
    ADVISORY FEES-FIDELITY 15 15 0 0
    ADVISORY FEES-CONGRESS 58,592 58,592 0 0
    ADVISORY FEES-BRANDES 32,397 32,397 0 0


    TY 2013 TaxesSchedule
    Name:
    WHITNEY BENEFITS INC AND SUBSIDIARY
    EIN: 83-0168511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES-GENERAL 1,187 594 0 593
    TAXES-FOREIGN 31,801 31,801 0 0
    TAXES-EXCISE 96,787 0 0 0
    PROPERTY TAX 1,581 1,581   0