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 01-01-2013 , and ending 12-31-2013
Name of foundation
The Tapeats Fund
 
% c/o Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside RdSuite 123Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

76-0412011
B Telephone number (see instructions)

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$15,394,841J 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) 750,000
2 Check bullet
3 Interest on savings and temporary cash investments 1,035 1,035  
4 Dividends and interest from securities...... 189,707 189,707  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 461,242
b Gross sales price for all assets on line 6a 2,883,805
7 Capital gain net income (from Part IV, line 2)... 461,242
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 105,445 92,651  
12 Total. Add lines 1 through 11........ 1,507,429 744,635  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 53,942 36,486   17,456
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 11,788 1    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 20,057     20,057
21 Travel, conferences, and meetings....... 7,230     7,230
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 130,848 63,355   67,437
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 223,865 99,842   112,180
25 Contributions, gifts, grants paid........ 603,161 603,161
26 Total expenses and disbursements. Add lines 24 and 25 827,026 99,842   715,341
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 680,403
b Net investment income (if negative, enter -0-) 644,793
c Adjusted net income (if negative, enter -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.......... 1,145,469 914,442 914,442
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) 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) 955,428 Click to see attachment697,103 724,918
b Investments—corporate stock (attach schedule)........ 3,978,853 Click to see attachment4,450,067 5,488,133
c Investments—corporate bonds (attach schedule)........ 1,753,745 Click to see attachment1,266,841 1,315,803
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,228,715 Click to see attachment5,414,160 6,951,545
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) 12,062,210 12,742,613 15,394,841
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 12,062,210 12,742,613
30 Total net assets or fund balances (see page 17 of the
instructions).................... 12,062,210 12,742,613
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 12,062,210 12,742,613
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 12,062,210
2 Enter amount from Part I, line 27a..................... 2 680,403
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 12,742,613
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 12,742,613
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain      
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,883,805   2,805,974 77,831
b       383,411
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a        
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 461,242
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 727,900 13,312,299 0.054679
2011 708,644 13,215,439 0.053622
2010 709,150 12,791,673 0.055438
2009 841,974 11,987,734 0.070236
2008 788,246 14,713,582 0.053573
2 Total of line 1, column (d) ...................... 2 0.287548
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 0.05751
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 15,091,133
5 Multiply line 4 by line 3....................... 5 867,891
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 6,448
7 Add lines 5 and 6......................... 7 874,339
8 Enter qualifying distributions from Part XII, line 4.............. 8 715,341
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 12,896
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 12,896
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 12,896
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 12,050
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 1,817
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,867
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 1
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 10 970
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet970 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$   (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
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
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    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 addressbullet  
    14
    The books are in care ofbulletco Foundation Source Telephone no.bullet (800) 839-1754
    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    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
     
    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 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
    David R Graham Trustee
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Laurel A Graham Executive VP / Trustee
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Robert H Graham Pres / Treas / Trustee
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Spencer R Graham Trustee
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Whitney G Mixon Trustee
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Margaret Worden Executive Dir / Sec
    1.0     		0    
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Foundation Source Administrative 63,242
    55 Walls Drive 3rd Floor
    Fairfield,CT06824
    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 (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  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
     
    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
    754,557
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    12,896
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    12,896
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    741,661
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    741,661
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    741,661
    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 7 741,661
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 248,137
    b Total for prior years:2011, 2010, 2009  
    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.........  
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 715,341
    a Applied to 2012, but not more than line 2a 248,137
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2013 distributable amount..... 467,204
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2013.    
    (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 ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		274,457
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		 
    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.... 0
    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).)
    LAUREL A GRAHAM
    ROBERT H GRAHAM
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number 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 (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
    AMATEUR ATHLETIC UNION OF THE UNITED STATES
    2951 MARINA BAY DR
    LEAGUE CITY,TX77573     		N/A PC General & Unrestricted 7,000
    BAYOU PRESERVATION ASSOCIATION INC
    PO BOX 131563
    HOUSTON,TX77219     		N/A PC General & Unrestricted 2,500
    BOS PLACE
    10050 BUFFALO SPDWAY
    HOUSTON,TX77054     		N/A PC General & Unrestricted 10,000
    BUFFALO BAYOU PARTNERSHIP
    1113 VINE ST
    HOUSTON,TX77002     		N/A PC General & Unrestricted 10,000
    CAMP ARANZAZU INC
    5420 FM 1781
    ROCKPORT,TX78382     		N/A PC General & Unrestricted 2,500
    CAMP FOR ALL FOUNDATION
    10500 N-W FREEWAY
    HOUSTON,TX77092     		N/A PC Care of Spot 5,000
    CASA DE ESPERANZA DE LOS NINOS INCORPORATED
    PO BOX 66581
    HOUSTON,TX77266     		N/A PC General & Unrestricted 2,500
    CHILDHOOD CANCER FAMILY ALLIANCE INC
    8323 SW FWY STE 435
    HOUSTON,TX77074     		N/A PC Parent Consultant Program 5,000
    CHILDRENS MUSEUM INC
    1500 BINZ ST
    HOUSTON,TX77004     		N/A PC Eco-Station Project 5,000
    CHINQUAPIN PREPARATORY SCHOOL
    2615 E WALLISVILLE RD
    HIGHLANDS,TX77562     		N/A PC annual A Celebration of Reading event 10,000
    COLLABORATIVE FOR CHILDREN
    1111 N LOOP W STE 600
    HOUSTON,TX77008     		N/A PC General & Unrestricted 10,000
    CRAIGHEAD INSTITUTE
    201 S WALLACE AVE
    BOZEMAN,MT59715     		N/A PC wolverine conservation 5,000
    CRISTO REY JESUIT HIGH SCHOOL OF HOUSTON INC
    6700 MOUNT CARMEL ST
    HOUSTON,TX77087     		N/A PC General & Unrestricted 10,000
    DEFY VENTURES INC
    5 PENN PLZ 19TH FLR
    NEW YORK,NY10001     		N/A PC General & Unrestricted 5,000
    DRESS FOR SUCCESS HOUSTON
    3310 EASTSIDE ST
    HOUSTON,TX77098     		N/A PC Thumbs Up Program 5,000
    FOUNDATION FOR TEEN HEALTH
    1504 TAUB LOOP
    HOUSTON,TX77030     		N/A PC General & Unrestricted 5,000
    GEORGETOWN PROJECT
    PO BOX 957
    GEORGETOWN,TX78627     		N/A PC General & Unrestricted 8,000
    HEIFER INTERNATIONAL FOUNDATION
    1 WORLD AVE
    LITTLE ROCK,AR72202     		N/A PC General & Unrestricted 8,000
    HOUSTON ACHIEVEMENT PLACE
    245 W 17TH ST
    HOUSTON,TX77008     		N/A PC Project CLASS 2,500
    HOUSTON ARBORETUM & NATURE CENTER
    4501 WOODWAY DR
    HOUSTON,TX77024     		N/A PC General & Unrestricted 2,500
    HOUSTON FOOD BANK
    535 PORTWALL ST
    HOUSTON,TX77029     		N/A PC General & Unrestricted 10,000
    HOUSTON LIVESTOCK SHOW & RODEO INC
    8334 FANNIN ST
    HOUSTON,TX77054     		N/A PC Opportunity student Scholarship fund 18,000
    HOUSTON PARKS BOARD
    300 N POST OAK LN
    HOUSTON,TX77024     		N/A PC General & Unrestricted 5,000
    HOUSTON ZOO INC
    1513 CAMBRIDGE ST
    HOUSTON,TX77030     		N/A PC Call of the Wild Speaker Series and the Emerging Wildlife Conservation Leadership Program 22,500
    HOUSTON ZOO INC
    1513 CAMBRIDGE ST
    HOUSTON,TX77030     		N/A PC Ruaha Carnivore Project 25,000
    KIPP INC
    10711 KIPP WAY DR
    HOUSTON,TX77099     		N/A PC KIPP Through College Project 15,000
    MEDICAL BRIDGES INC
    PO BOX 300245
    HOUSTON,TX77230     		N/A PC General & Unrestricted 10,000
    MGVP INC
    DRUID HILL PARK
    BALTIMORE,MD21217     		N/A PC Gorilla Doctors 25,000
    MONTANA LAND RELIANCE
    PO BOX 355
    HELENA,MT59624     		N/A PC General & Unrestricted 5,000
    OPEN DOOR MISSION FOUNDATION
    PO BOX 9356
    HOUSTON,TX77261     		N/A PC General & Unrestricted 2,500
    PATHWAYS FOR LITTLE FEET
    8 GREENWAY PLZ STE 1000
    HOUSTON,TX77046     		N/A PC Perpetual Family Fund 5,000
    PATRIOT PAWS SERVICE DOGS
    254 RANCH TRL
    ROCKWALL,TX75032     		N/A PC General & Unrestricted 5,000
    PEREGRINE FUND INC
    5668 W FLYING HAWK LN
    BOISE,ID83709     		N/A PC Recovering the Endangered Aplomado Falcon 5,000
    PERIWINKLE FOUNDATION
    3400 BISSONNET ST STE 185
    HOUSTON,TX77005     		N/A PC General & Unrestricted 2,500
    POSITIVE COACHING ALLIANCE
    1001 N RENGSTORFF AVE STE 100
    MOUNTAIN VIEW,CA94043     		N/A PC General & Unrestricted 10,000
    POSITIVE COACHING ALLIANCE
    1001 N RENGSTORFF AVE STE 100
    MOUNTAIN VIEW,CA94043     		N/A PC Charitable Event 448
    POSITIVE COACHING ALLIANCE
    1001 N RENGSTORFF AVE STE 100
    MOUNTAIN VIEW,CA94043     		N/A PC Charitable Event 1,741
    POSITIVE COACHING ALLIANCE
    1001 N RENGSTORFF AVE STE 100
    MOUNTAIN VIEW,CA94043     		N/A PC printing underwriting for Positive Coaching Alliance 972
    PRISON ENTREPRENEURSHIP PROGRAM
    4140 DIRECTORS ROW STE B
    HOUSTON,TX77092     		N/A PC General & Unrestricted 15,000
    PRO-VISION INC
    4590 WILMINGTON ST
    HOUSTON,TX77051     		N/A PC Project 180 5,000
    RANCH HANDS RESCUE
    8827 HWY 377 S
    ARGYLE,TX76226     		N/A PC General & Unrestricted 10,000
    SCENIC TEXAS INC
    3015 RICHMOND AVE STE 220
    HOUSTON,TX77098     		N/A PC feasibility assessment of a potential airport corridor enhancement 2,500
    SMALL STEPS NURTURING CENTER
    1709 DEPELCHIN ST
    HOUSTON,TX77007     		N/A PC nutrition Program 2,500
    SPARK
    PO BOX 1562
    HOUSTON,TX77251     		N/A PC park construction at Houston area schools 2,500
    SPAY-NEUTER ASSISTANCE PROGRAM INC
    PO BOX 70286
    HOUSTON,TX77270     		N/A PC Houston Mobile Clinic 10,000
    ST JOHNS SCHOOL
    2401 CLAREMONT LN
    HOUSTON,TX77019     		N/A PC Breakthrough Houston Program 10,000
    STAR OF HOPE MISSION
    6897 ARDMORE ST
    HOUSTON,TX77054     		N/A PC Stars of 2Morrow Project 5,000
    STUDENT CONSERVATION ASSOCIATION INC
    PO BOX 550
    CHARLESTOWN,NH03603     		N/A PC General & Unrestricted 5,000
    TEACH FOR AMERICA HOUSTON
    4669 SW FREEWAY STE 600
    HOUSTON,TX77027     		N/A PC General & Unrestricted 20,000
    TEXAS CHILDRENS HOSPITAL
    1919 S BRAESWOOD BLVD FL 4
    HOUSTON,TX77030     		N/A PC Texas Children's Cancer Center's research 5,000
    TEXAS EQUUSEARCH
    PO BOX 395
    DICKINSON,TX77539     		N/A PC General & Unrestricted 4,000
    THE MONARCH SCHOOL INC
    2815 ROSEFIELD DR
    HOUSTON,TX77080     		N/A PC Scholarship Fund 5,000
    TREES FOR HOUSTON
    PO BOX 270477
    HOUSTON,TX77277     		N/A PC To purchase, plant and grow trees throughout the greater Houston region 10,000
    W OSCAR NEUHAUS MEMORIAL FOUNDATION
    4433 BISSONNET ST
    BELLAIRE,TX77401     		N/A PC Teach For America Professional Development 7,500
    WILD SKIES RAPTOR CENTER
    3676
    MISSOULA,MT59806     		N/A PC Building a Raptor Center Project 7,500
    WILDLIFE CONSERVATION NETWORK INC
    25745 BASSETT LN
    LOS ALTOS HLS,CA94022     		N/A PC Painted Dog Conservation; Cheetah Conservation Botswana; the Ethiopian Wolf Conservation Program; Snow Leopard Conservancy; Small Cat Conservation Alliance; Niassa Lion Project; and the Andean Cat Alliance Program 82,500
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BLVD
    BRONX,NY10460     		N/A PC Conserving Wolverines in the American West Project 20,000
    WOODS PROJECT INC
    6 SLEEPY OAKS CIR
    HOUSTON,TX77024     		N/A PC General & Unrestricted 10,000
    YELLOWSTONE ACADEMY INC
    3000 TRULLEY ST
    HOUSTON,TX77004     		N/A PC General & Unrestricted 5,000
    YELLOWSTONE PARK FOUNDATION INC
    222 E MAIN ST STE 301
    BOZEMAN,MT59715     		N/A PC Annual Fund 20,000
    YELLOWSTONE PARK FOUNDATION INC
    222 E MAIN ST STE 301
    BOZEMAN,MT59715     		N/A PC Wolf Project 25,000
    YES PREP PUBLIC SCHOOLS INC
    6201 BONHOMME RD STE 168N
    HOUSTON,TX77036     		N/A PC General & Unrestricted 25,000
    Total .................................bullet 3a 603,161
    bApproved for future payment
    Total .................................bullet 3b  
    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 1,035  
    4 Dividends and interest from securities....     14 189,707  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		    18 461,242  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aK-1 Inc/Loss 525990 12,794 14 92,651  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 12,794 744,635  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13757,429
    (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
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (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
    The Tapeats Fund
     
    Employer identification number

    76-0412011
    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
    The Tapeats Fund
          		Employer identification number

    76-0412011
    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
     
     

    Graham Robert H  
    11 Greenway Plaza
     
    Houston, TX77046

    		$750,000


    (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
    The Tapeats Fund
          		Employer identification number

    76-0412011
    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) (2013)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
    Page 4
    Name of organization
    The Tapeats Fund
          		Employer identification number

    76-0412011
    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


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    TY 2013 DepreciationSchedule
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    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

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY FIN CORP - 159,585 172,105
    CATERPILLAR INC NT - 5.700% - 103,836 111,489
    CONOCOPHILLIPS GTD - 4.600% - 167,166 156,357
    DU PONT E I DE NEMOURS - 6.000 179,025 174,139
    GOLDMAN SACHS GRP INC - 5.125% 106,896 109,682
    INTEL CORP NOTE - 3.300% - 10/ 49,968 49,675
    MERRILL LYNCH & CO NOTES - 5.0 47,437 52,097
    ORACLE CORP - 5.250% - 01/15/2 98,705 109,160
    PRAXAIR INC NT - 2.200% - 08/1 45,819 44,489
    UNITED TECHNLGS CORP 5.375% 12 158,854 170,934
    WAL MART STORES INC-3.25%-10/2 51,605 51,056
    WELLS FARGO - 5.625% - 12/11/2 97,945 114,620

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AETNA INC. 16,042 33,952
    ALLIANCE DATA SYSTEM CORP 4,402 20,509
    ANADARKO PETROLEUM CORP 23,994 29,745
    APACHE CORPORATION 20,400 21,313
    APPLE INC. 37,138 57,785
    AUTOMATIC DATA PROCESSING INC. 16,395 39,188
    AVALONBAY CMNTYS INC 10,526 8,867
    BANK OF AMERICA CORP 10,080 16,240
    BLACKROCK INC 10,182 19,938
    BOEING CO 15,555 28,663
    CAPITAL ONE FINANCIAL CORP 18,563 27,197
    CHECK POINT SOFTWARE TECHNOLOG 11,130 15,867
    CISCO SYSTEMS INC 16,175 19,738
    CITIGROUP INC 22,336 26,316
    CITRIX SYSTEMS INC 17,502 18,343
    COMCAST CORP CL A 9,971 29,831
    COVIDIEN LTD 16,205 25,878
    CROWN HOLDINGS INC 17,547 22,508
    CVS CAREMARK CORP. 14,669 26,839
    DANAHER CORP 16,458 33,968
    DELAWARE US GROWTH 600,514 676,401
    DIRECTV GROUP 12,749 17,956
    DOLLAR GENERAL CORP 18,747 25,033
    EMC CORP-MASS 23,242 24,396
    EPOCH GLOBAL EQUITY SHAREHOLDE 459,623 551,284
    EQT CORPORATION 5,111 15,981
    EXPRESS SCRIPTS HOLDING CO. 29,086 47,552
    FIDELITY NATIONAL INFORMATION 8,509 17,822
    FISERV INC 11,116 32,714
    FREEPORT-MCMORAN COPPER & GOLD 21,150 23,588
    GENERAL ELECTRIC CO 42,726 41,204
    GOOGLE INC 19,193 39,225
    HOME DEPOT INC. 26,630 28,407
    JOHNSON & JOHNSON 17,378 23,355
    JP MORGAN CHASE & CO 21,472 37,135
    KELLOGG CO 14,585 14,657
    KINDER MORGAN INC 19,944 21,420
    MARATHON OIL CORP COM 22,897 22,416
    MARKETFIELD FUND 520,049 549,568
    MATTHEWS PACIFIC TIGER FUND I 302,871 472,843
    MCDONALD'S CORP 16,953 20,861
    MERCK & CO INC. 14,203 25,676
    MICROSOFT CORPORATION 21,329 31,611
    NETAPP, INC. 10,818 11,931
    ORACLE CORP 22,555 48,016
    PEPSICO INC 9,443 12,607
    PG & E CORP 15,201 14,581
    PRAXAIR INC. 16,335 32,508
    REPUBLIC SVCS INC. 15,396 18,658
    RIDGEWORTH FDS SEIX FLOATING R 796,562 797,395
    SIMON PPTY GROUP INC 20,722 19,933
    STRYKER CORPORATION 15,369 24,045
    TARGET CORPORATION 17,545 21,069
    TERADATA CORPORATION 13,479 11,827
    TJX COMPANIES INC 14,295 27,659
    UNION PACIFIC 16,324 21,000
    UNITED TECHNOLOGIES CORP 17,948 36,985
    UNITEDHEALTH GROUP INC. 9,206 29,367
    US BANCORP DEL 18,400 22,422
    V F CORP 7,966 20,448
    VIRTUS EMERGING MARKETS OPPTS 238,844 222,753
    VISA INC 7,307 22,268
    WALGREEN CO 9,471 18,094
    WALT DISNEY HOLDINGS CO. 21,476 25,594
    WELLS FARGO & CO. 18,083 30,827
    WILLIAMS COS 17,506 28,349
    YACKTMAN FOCUSED FUND INST CL 524,469 686,007

    TY 2013 InvestmentsGovtObligationsSch
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    US Government Securities - End of Year Book Value:

    697,103
    US Government Securities - End of Year Fair Market Value:

    724,918
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2013 InvestmentsLandSchedule2
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value

    TY 2013 InvestmentsOtherSchedule2
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AT MLP FUND   802,563 864,025
    COUGAR INVESTMENT FUND LLC.   174,094 228,271
    LIGHTHOUSE DIVERSIFIED FD LTD   750,000 905,264
    MBA INVT FUND, LLC (GROWTH)   2,405,314 3,386,032
    MBA INVT FUND, LLC (VALUE)   747,864 978,068
    MBA INVT, LLC (ENDOWMENT)   34,325 37,668
    PRISMA SPECTRUM FUND LTD.   500,000 552,217

    TY 2013 LandEtcSchedule2
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2013 OtherExpensesSchedule
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 63,242     63,242
    Foundation Dues & Memberships 2,725     2,725
    Indemnification Insurance 1,470     1,470
    K-1 Exp AT MLP FUND 23,598 23,542    
    K-1 Exp COUGAR INVESTMENT FUND 1,306 1,306    
    K-1 EXP MBA INVT FUND, GROWTH 29,380 29,380    
    K-1 EXP MBA INVT FUND,VALUE 8,758 8,758    
    K-1 EXP MBA INVT,LLC ENDOWMENT 369 369    


    TY 2013 OtherIncomeSchedule2
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss AT MLP FUND 28,213 15,419  
    K-1 Inc/Loss COUGAR INVESTMENT FUND LLC. 2,993 2,993  
    K-1 Inc/Loss MBA Invt FUND LLC (GROWTH) 52,563 52,563  
    K-1 Inc/Loss MBA Invt FUND, LLC (VALUE) 20,792 20,792  
    K-1 Inc/Loss MBA Invt, LLC (ENDOWMENT) 884 884  


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 36,486 36,486    
    PROFESSIONAL MGMT SERVICES 17,456     17,456


    TY 2013 TaxesSchedule
    Name:
    The Tapeats Fund
    EIN: 76-0412011
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2013 11,700      
    Foreign Tax Paid 1 1    
    IRS Miscellaneous Fee 87