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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
SKILLBUILDERS FUND
 

Number and street (or P.O. box number if mail is not delivered to street address)4701 COLLEGE BLVD SUITE 214   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LEAWOOD, KS66211
A Employer identification number

48-0984713
B Telephone number (see instructions)

(913) 608-7545
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$4,810,586J 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)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 145,057 145,057  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 126,101
b Gross sales price for all assets on line 6a 1,678,530
7 Capital gain net income (from Part IV, line 2)... 126,101
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).......      
12 Total. Add lines 1 through 11........ 271,158 271,158  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 24,917     24,917
14 Other employee salaries and wages...... 16,056     16,056
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 605     605
b Accounting fees (attach schedule)....... Click to see attachment 8,860     8,860
c Other professional fees (attach schedule).... Click to see attachment 63,057 26,244   36,813
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 7,731 1,440   1,190
19 Depreciation (attach schedule) and depletion... Click to see attachment 612    
20 Occupancy.............. 10,351     10,351
21 Travel, conferences, and meetings....... 2,609     2,609
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 7,780     7,780
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 142,578 27,684   109,181
25 Contributions, gifts, grants paid........ 207,600 207,600
26 Total expenses and disbursements. Add lines 24 and 25 350,178 27,684   316,781
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -79,020
b Net investment income (if negative, enter -0-) 243,474
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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.......... 52,784 18,091 18,091
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)      
b Investments—corporate stock (attach schedule)........ 2,202,348 Click to see attachment2,641,378 3,223,974
c Investments—corporate bonds (attach schedule)........ 1,769,220 Click to see attachment1,135,933 1,121,926
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 278,088 Click to see attachment428,198 432,288
14 Land, buildings, and equipment: basis bullet4,042
Less: accumulated depreciation (attach schedule) bullet898 1,956 Click to see attachment3,144 3,144
15 Other assets (describe bullet) Click to see attachment11,163 Click to see attachment11,163 Click to see attachment11,163
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,315,559 4,237,907 4,810,586
Liabilities 17 Accounts payable and accrued expenses..........   339
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)..........   339
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 4,315,559 4,237,568
30 Total net assets or fund balances (see instructions)...... 4,315,559 4,237,568
31 Total liabilities and net assets/fund balances (see instructions).. 4,315,559 4,237,907
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 4,315,559
2 Enter amount from Part I, line 27a..................... 2 -79,020
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,029
4 Add lines 1, 2, and 3.......................... 4 4,237,568
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 4,237,568
Form 990-PF (2014)
Form 990-PF (2014)
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 678.263 SHS-ANGEL OAK MULTI STRATEGY P 2013-12-31 2014-01-09
b 690.00 SHS-PFIZER INCORPORATED P 2009-09-15 2014-05-09
c 29238.589 SHS-PIMCO LOW DURATION FD P 2012-12-31 2014-12-10
d 1491.099 SHS-GUGGENHEIM FL RATE STRA P 2013-12-31 2014-01-09
e 78.03 SHS-DFA US VECTOR EQTY PORT P 2014-06-09 2014-06-16
880.00 SHS-JP MORGAN EXCH TRADED NTA P 2013-11-20 2014-01-09
235.00 SHS-BUNGE LIMITED P 2011-04-08 2014-06-13
3538.535 SHS-MATISSE DISCT CL END FD P 2013-04-11 2014-01-09
8769.255 SHS-DFA US VECTOR EQTY PORT P 2012-12-31 2014-06-16
267.384 SHS-MATTHEWS ASIAN GR & INC P 2013-12-12 2014-01-09
340.00 SHS-HARRIS CORPORATION P 2009-11-18 2014-07-25
2906.977 SHS-PIMCO LOW DURATION FD P 2013-12-31 2014-01-21
300.00 SHS-COLGATE-PALMOLIVE CO P 2006-05-26 2014-08-15
18889.951 SHS-ANGEL OAK MULTI STRAT P 2012-12-31 2014-01-09
439.61 SHS-PIMCO LOW DURATION FD P 2013-12-31 2014-10-01
1708.02 SHS-FIRST EAGLE OVERSEAS FD P 2012-02-07 2014-01-09
435.00 SHS-TRIMBLE NAVIGATION LTD P 2014-05-02 2014-10-20
8555.918 SHS-LOOMIS SAYLES BD FD P 2012-12-31 2014-01-09
37.35 SHS-PIMCO LOW DURATION FD P 2013-12-31 2014-10-24
1080.085 SHS-MATTHEWS ASIAN GR & INC P 2012-12-31 2014-01-09
2472.805 SHS-PIMCO LOW DURATION FD P 2012-12-31 2014-10-01
1115.133 SHS-VANGUARD TOTAL STK MKT P 2012-12-31 2014-01-09
275.00 SHS-DRESSER RAND GROUP INC P 2013-10-04 2014-10-06
210.00 SHS-DUN & BRADSTREET CP NEW P 2006-05-26 2014-02-07
1902.379 SHS-PIMCO LOW DURATION FD P 2010-09-22 2014-10-24
150.00 SHS-ALLERGAN INC P 2011-09-20 2014-04-22
1060.00 SHS-DENBURY RES INC P 2014-02-07 2014-12-05
6.00 SHS-SEABOARD CORP P 2013-12-05 2014-05-02
83.951 SHS-PIMCO LOW DURATION FD P 2013-12-31 2014-12-10
7298.58 SHS-GUGGENHEIM FL RATE STRAT P 2013-12-31 2014-05-23
12396.729 SHS-VANGUARD ST INV GRADE P 2013-12-31 2014-12-23
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 8,165   8,148 17
b 19,971   11,206 8,765
c 300,523   307,313 -6,790
d 40,000   39,790 210
e 1,323   1,334 -11
39,867   40,052 -185
17,618   17,121 497
35,000   36,313 -1,313
148,677   114,292 34,385
4,961   4,973 -12
24,867   15,099 9,768
29,973   30,443 -470
19,203   9,091 10,112
227,387   227,114 273
4,528   4,547 -19
40,000   37,757 2,243
12,527   17,060 -4,533
130,000   127,997 2,003
385   388 -3
20,039   19,703 336
25,472   26,269 -797
50,000   29,427 20,573
22,559   16,984 5,575
20,504   15,388 5,116
19,615   20,207 -592
24,609   12,683 11,926
8,073   16,984 -8,911
14,350   16,525 -2,175
863   871 -8
196,136   194,647 1,489
131,851   132,703 -852
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       17
b       8,765
c       -6,790
d       210
e       -11
      -185
      497
      -1,313
      34,385
      -12
      9,768
      -470
      10,112
      273
      -19
      2,243
      -4,533
      2,003
      -3
      336
      -797
      20,573
      5,575
      5,116
      -592
      11,926
      -8,911
      -2,175
      -8
      1,489
      -852
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 2 126,101
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 -16,776
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 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))
2013 219,075 4,776,813 0.045862
2012 232,792 4,575,382 0.050879
2011 195,108 4,593,226 0.042477
2010 208,900 4,475,364 0.046678
2009 189,718 4,643,894 0.040853
2 Total of line 1, column (d) ...................... 2 0.226749
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 0.045350
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 4,929,880
5 Multiply line 4 by line 3....................... 5 223,570
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 2,435
7 Add lines 5 and 6......................... 7 226,005
8 Enter qualifying distributions from Part XII, line 4.............. 8 318,580
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 (2014)
Form 990-PF (2014)
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 2,435
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 2,435
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 2,435
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 2,000
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 2,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 7
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 442
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 2015 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 Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKS
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletSKILLBUILDERSFUND.ORG
    14
    The books are in care ofbulletBARBARA P ALLEN Telephone no.bullet (913) 608-7545
    Located atbullet4701 COLLEGE BLVD SUITE 2144701 COLLEGE BLVD SUITE 214LEAWOODKS ZIP+4bullet66211
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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
    BARBARA P ALLEN CHAIRPERSON/
    30.00     		24,917 0 0
    9851 ASH DRIVE
    9851 ASH DRIVE
    OVERLAND PARK,KS66207
    BETSY VANDER VELDE VICE-CHAIRPE
    1.00     		0 0 0
    444 MINNESOTA AVE STE 200
    444 MINNESTOA AVE STE 200
    KANSAS CITY,KS66101
    MARGO QUIRICONI SECRETARY/DI
    1.00     		0 0 0
    203 E 66TH TERRACE
    203 E 66TH TERRACE
    KANSAS CITY,MO64113
    LISA WYATT KNOWLTON DIRECTOR
    1.00     		0 0 0
    4701 COLLEGE BLVD SUITE 214
    4701 COLLEGE BLVD SUITE 214
    LEAWOOD,KS66211
    BRENDA CAMERON DIRECTOR
    1.00     		0 0 0
    8811 ALHAMBRA ST
    8811 ALHAMBRA ST
    PRAIRIE VILLAGE,KS66207
    DEBBIE ALLEN DIRECTOR
    1.00     		0 0 0
    455 ROBINSON AVE SE
    455 ROBINSON AVE SE
    ATLANTA,GA303154435
    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
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See 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
    4,954,887
    b
    Average of monthly cash balances.......................
    1b
    38,904
    c
    Fair market value of all other assets (see instructions)................
    1c
    11,163
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,004,954
    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
    5,004,954
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    75,074
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,929,880
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    246,494
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    246,494
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    2,435
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,435
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    244,059
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    244,059
    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
    244,059
    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
    316,781
    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
    1,799
    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
    318,580
    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
    2,435
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    316,145
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 244,059
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 4,423
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 318,580
    a Applied to 2013, but not more than line 2a 4,423
    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 2014 distributable amount..... 244,059
    e Remaining amount distributed out of corpus 70,098
    5 Excess distributions carryover applied to 2014.    
    (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 70,098
    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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		70,098
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014.... 70,098
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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:
    SKILLBUILDERS FD-ATTN BARBARA ALLEN
    4701 COLLEGE BLVD SUITE 214
    OVERLAND PARK,KS66211
    (913) 608-7545
    BALLEN@SKILLBUILDERSFUND.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION SHOULD BE SUBMITTED IN SIMPLE LETTER FORM, NOT MORE THAN THREE PAGES IN LENGTH AND SHOULD INCLUDE THE FOLLOWING INFORMATION: 1. NEED OF THE GRANT 2. PURPOSE OF THE GRANT 3. LIST OF THE BOARD OF DIRECTORS OF THE REQUESTING ORGANIZATION 4. OTHER CONTRIBUTIONS 5. PROJECT BUDGET
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE PRIMARY PURPOSE OF THE SKILLBUILDERS FUND IS TO PROVIDE FUNDS TO ORGANIZATIONS, AS DESCRIBED IN SECTIONS 501C(3)(3), 170, 2055 & 2522 OF THE INTERNAL REVENUE CODE, THAT ENHANCE THE CAPABILITIES OF WOMEN OF ALL AGES TO REALIZE THEIR FULL POTENTIAL, WITH EMPHASIS ON WOMEN IN THE KANSAS CITY AREA.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    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
    BELOVED ATLANTA
    426 DEERING RD NW
    ATLANTA,GA30309     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 3,000
    CHILDREN LIFE TIME EDUC FDTN
    13864 S HAGAN ST
    OLATHE,KS66062     		N/A PUB. CHARITY FINCL SUPPORT OF EDUC. FOUNDTN 3,000
    CHILDREN'S MERCY HOSPITAL
    2401 GILLHAM ROAD
    KANSAS CITY,MO64108     		N/A HOSPITAL FINCL SUPPORT OF HOSPITAL 1,000
    GIRLS ON THE RUN
    2110 W 75TH STREET
    PRAIRIE VILLAGE,KS66208     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 25,000
    GIRL SCOUTS OF NE KS & NW MO
    8383 BLUE PARKWAY
    KANSAS CITY,MO64133     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 10,000
    GREEN WORKS
    4743 TROOST AVE 200
    KANSAS CITY,MO64110     		N/A NON PROF ORG FINCL SUPPORT OF ENVIRONMENTAL EDUC 10,600
    HARVESTERS COMMUNITY FOOD NETWORK
    3801 TOPPING AVE
    KANSAS CITY,MO64129     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 500
    HYMAN BRAND HEBREW ACADEMY
    5801 W 115TH ST
    OVERLAND PARK,KS66211     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 1,000
    JEWISH FAMILY SERVICES
    5801 W 115TH ST STE 103
    OVERLAND PARK,KS66211     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 1,500
    KIDS TLC
    480 ROGERS ROAD
    OLATHE,KS66062     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 3,000
    NEWHOUSE INC
    PO BOX 240019
    KANSAS CITY,MO641240019     		N/A PUB. CHARITY FINCL SUPP OF WOMENS SHELTER 10,000
    PACES INC
    1301 N 47TH ST
    KANSAS CITY,KS66102     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 1,000
    THE ALS ASSOC J HUNTER CHAPTER
    4 N BLOUNT ST STE 200
    RALEIGH,NC27601     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 500
    THE FAMILY CONSERVANCY
    444 MINNESOTA AVE
    KANSAS CITY,KS66101     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 11,500
    URBAN LEAGUE OF GREATER KC
    1710 PASEO BLVD
    KANSAS CITY,MO64108     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 18,000
    WILDWOOD OUTDOOR EDUC CENTER
    7095 W 399TH STREET
    LACYGNE,KS66040     		N/A PUB. CHARITY SUPPORT OF COUNCIL CTR & LEARNING 20,000
    WOMEN'S EMPLOYMENT NETWORK
    920 MAIN STREET STE 100
    KANSAS CITY,MO64105     		N/A PUB. CHARITY FINCL SUPPORT OF PUBLIC CHARITY 50,000
    WOMEN IN POLITICS FOUNDATION
    14210 W 117TH STREET
    OLATHE,KS66062     		N/A NON PRFT ORG FINCL SUPP. OF POLITICAL EQUAL. ORG 10,500
    BRIDGING THE GAP
    1427 W 9TH STREET
    KANSAS CITY,MO64101     		N/A NON PRFT ORG FINCL SUPPORT OF ENVIRONMENTAL ORG 20,000
    WOMEN IN POLITICS FOUNDATION
    14210 W 117TH STREET
    OLATHE,KS66062     		N/A NON PRFT ORG FINCL SUPP. OF POLITICAL EQUAL. ORG 7,500
    Total .................................bullet 3a 207,600
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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 ............     		         
    4 Dividends and interest from securities....     14 145,057  
    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 .............     		    26 126,101  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   271,158  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13271,158
    (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 (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 AccountingFeesSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING SERVS - KMB-CPAS, LLC 8,860     8,860

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

    TY 2014 DepreciationSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    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
    LAPTOP / COMPUTER EQ 2013-05-14 2,030 271 STRAIGHT LINE 5.0000 406      
    OFFICE EQUIPMENT 2013-06-30 141 14 STRAIGHT LINE 5.0000 28      
    OFFICE FURNITURE-CHAIR 2013-11-29 71 1 STRAIGHT LINE 7.0000 10      
    OFFICE EQUIPMENT 2014-01-29 393   STRAIGHT LINE 5.0000 79      
    COMPUTER PRINTER 2014-03-31 98   STRAIGHT LINE 5.0000 16      
    LEASEHOLD IMPROVEMENTS 2014-03-31 1,309   STRAIGHT LINE 15.0000 73      

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ANGEL OAK MULT STRATEGY INC FD    
    AVENUE CREDIT STRATEGIES INST 250,807 233,476
    DOUBLELINE TOTAL RETURN FUND 418,906 411,546
    GUGGENHEIM FLOATING RATE FUND    
    GUGGENHEIM TOTAL RETURN FUND 140,203 140,465
    METROPOLITAN WEST TOTAL RETURN BD I 140,121 140,587
    PIMCO LOW DURATION FUND    
    FORWARD SELECT INCOME FUND    
    LOOMIS SAYLES BOND FUND 185,896 195,852

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Name of Stock End of Year Book Value End of Year Fair Market Value
    DFA EMERGING MKTS CORE FUND 321,672 359,785
    DFA INTL SMALL CAP VALUE FD 119,176 108,307
    DFA REAL ESTATE FUND 251,928 311,424
    DFA US VECTOR EQTY PORT FD 226,880 286,105
    DFA INTL VECTOR EQUITY FUND 130,709 168,318
    FIRST EAGLE OVERSEAS FD 193,608 194,036
    FORWARD SELECT INCOME CL 203,562 247,527
    GOTHAM ABSOLUTE RETURN 244,559 260,198
    MATISSE DISCOUNTED FUND 256,233 250,748
    MATTHEWS ASIAN GROWTH FUND 212,678 241,539
    VANGUARD TOTAL STK MKT FD 128,246 265,451
    ALLERGAN INC    
    AMETEK 17,124 18,421
    BUNGE LIMITED    
    CALIFORNIA RES CORP 325 419
    CATERPILLAR INC 16,854 18,306
    COLGATE PALMOLIVE    
    COOPER COMPANIES 16,706 20,261
    COSTCO WHOLESALE 11,992 31,185
    DOLLAR TREE INC 16,956 22,170
    DRESSER RAND GROUP INC    
    DUN & BRADSTREET CORP    
    EMC CORP 16,989 20,075
    EXXON MOBIL CORP. 16,914 20,339
    GENERAL ELECTRIC COMPANY 16,976 17,184
    GENERAL MOTORS CO 17,063 21,644
    GOOGLE INC CLASS A 4,025 13,797
    GOOGLE INC CLASS C 4,012 13,686
    HELMERICH & PAYNE INC 12,102 21,912
    HARRIS CORPORATION    
    IBM 10,741 14,440
    JOHNSON & JOHNSON 15,165 26,143
    JOHNSON CONTROLS INC 17,093 16,677
    JP MORGAN CHASE & CO 14,970 23,780
    MICROSOFT CORP 11,687 27,870
    O REILLY AUTOMOTIVE NEW 17,138 37,561
    OCCIDENTAL PETROLEUM CORP 8,994 15,316
    PERKINELMER INC 17,004 18,585
    PFIZER INC    
    QUALCOMM INC 17,109 16,724
    SEABOARD CORP    
    SIRONA DENTAL SYSTEMS 17,146 22,716
    TARGET CORPORATION 15,595 24,291
    WALGREEN COMPANY 13,983 25,908
    YUM BRANDS INC 7,464 21,126

    TY 2014 InvestmentsOtherSchedule2
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JP MORGAN EXCH TRADED NOTE AT COST 278,017 276,619
    GUGGENHEIM ETF S&P 500 PURE GR AT COST 75,126 78,725
    GUGGENHEIM ETF S&P 500 PURE VALUE AT COST 75,055 76,944

    TY 2014 LandEtcSchedule2
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURN / EQ / LH IMPROVS 4,042 898 3,144 3,144


    TY 2014 LegalFeesSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL SERVICES-SWANSON MIDGLEY, 605     605


    TY 2014 OtherAssetsSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OIL LEASE 11,163 11,163 11,163


    TY 2014 OtherExpensesSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INSURANCE 2,827     2,827
    DUES / FEES/ SUBSCRIPTIONS 1,039     1,039
    OFFICE EXPENSES 2,189     2,189
    PRINTING, DESIGN & WEBSITE 312     312
    IT SERVICES 874     874
    KS ANNUAL REPORT FEE 40     40
    TELEPHONE 499     499


    TY 2014 OtherIncreasesSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Description Amount
       


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INV MGMT FEES - BRIDGEWATER ADVS 26,244 26,244    
    CONSULTANT FEES-PHILLIPS W KNOWL 36,813     36,813


    TY 2014 TaxesSchedule
    Name:
    SKILLBUILDERS FUND
    EIN: 48-0984713
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 1,190     1,190
    FOREIGN TAXES 1,440 1,440    
    FEDERAL EXCISE TAX- NET INV INC 5,101