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
GEORGE W MERGENS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 633   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILTON, VT05468
A Employer identification number

03-0345055
B Telephone number (see instructions)

(802) 893-4854
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$9,223,202J 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...... 240,932 240,932  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 579,366
b Gross sales price for all assets on line 6a 4,656,503
7 Capital gain net income (from Part IV, line 2)... 579,366
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 10,963 0  
12 Total. Add lines 1 through 11........ 831,261 820,298  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 100,000 35,000   65,000
14 Other employee salaries and wages...... 175,000 33,750   102,500
15 Pension plans, employee benefits....... 44,432 11,689   27,974
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,470 2,235   0
c Other professional fees (attach schedule).... Click to see attachment 29,502 29,502   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 28,274 7,295   12,814
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,323 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 8,623 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 391,624 119,471   208,288
25 Contributions, gifts, grants paid........ 221,900 221,900
26 Total expenses and disbursements. Add lines 24 and 25 613,524 119,471   430,188
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 217,737
b Net investment income (if negative, enter -0-) 700,827
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.......... 360,518 388,157 388,157
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) 57,756 Click to see attachment57,756 57,645
b Investments—corporate stock (attach schedule)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 8,671,679 Click to see attachment8,863,100 8,775,056
14 Land, buildings, and equipment: basis bullet8,304
Less: accumulated depreciation (attach schedule) bullet5,960 3,667 Click to see attachment2,344 2,344
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,093,620 9,311,357 9,223,202
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 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......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 9,093,620 9,311,357
30 Total net assets or fund balances (see instructions)...... 9,093,620 9,311,357
31 Total liabilities and net assets/fund balances (see instructions).. 9,093,620 9,311,357
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 9,093,620
2 Enter amount from Part I, line 27a..................... 2 217,737
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 9,311,357
5 Decreases not included in line 2 (itemize) bullet 5 0
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 9,311,357
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 15,799.436 SHS DEUTSCHE FLOATING RATE PLUS P 2014-04-08 2014-11-18
b 7,771.166 SHS VANGUARD TOTAL BOND MARKET INDEX ADM P 2014-09-30 2014-11-18
c 4,621.435 SHS PIMCO TOTAL RETURN FUND P 2007-09-24 2014-09-29
d 15,950.334 SHS PIMCO TOTAL RETURN FUND P 2007-03-22 2014-09-29
e 47,393.365 SHS PIMCO TOTAL RETURN FUND P 2006-01-09 2014-09-29
16,774.785 SHS PIMCO TOTAL RETURN FUND P 2003-04-16 2014-09-29
37,091.988 SHS PIMCO UNCONSTRAINED BD FD P 2009-03-24 2014-09-29
25,923.945 SHS PIMCO UNCONSTRAINED BD FD P 2010-01-07 2014-09-29
8,535.49 SHS PIMCO UNCONSTRAINED BD FD P 2011-03-21 2014-09-29
10,480.533 SHS PIMCO UNCONSTRAINED BD FD P 2012-06-28 2014-09-29
4,127.981 SHS WESTPORT SELECT CAP I P 2010-05-04 2014-11-18
23,776.655 SHS DEUTSCHE FLOATING RATE PLUS S P 2011-03-21 2014-11-18
1,572.53 SHS DEUTSCHE FLOATING RATE PLUS S P 2012-06-28 2014-11-18
5,123.826 SHS OSTERWEIS STRATEGIC INCOME FUND P 2011-03-21 2014-11-18
4,926.109 SHS T ROWE PRICE INSTL FLOATING RATE P 2011-03-21 2014-11-18
17,949.999 SHS VANGUARD SHORT TERM BOND INDEX ADM P 2012-12-17 2014-11-18
26,380.067 SHS VANGUARD SHORT TERM INVESTMENT GRADE ADM P 2012-12-17 2014-11-18
42,735.747 SHS VANGUARD TOTAL BOND MARKET INDEX ADM P 2008-09-23 2014-11-18
18,013.084 SHS VIRTUS EQUITY TREND I P 2011-08-19 2014-11-20
13,513.513 SHS LOOMIS SAYLES BOND FUND P 2003-04-16 2014-12-23
3,992.016 SHS T. ROWE PRICE INSTL FLOATING RATE P 2011-03-21 2014-12-23
9002.250 SHS VANGUARD TOTAL STOCK MKT INDX ADM P 2012-12-17 2015-04-28
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 146,303   149,305 -3,002
b 84,317   83,773 544
c 50,235   48,294 1,941
d 173,380   167,000 6,380
e 515,166   498,122 17,044
182,342   180,933 1,409
418,027   375,000 43,027
292,163   281,275 10,888
96,195   95,000 1,195
118,116   119,374 -1,258
99,980   97,709 2,271
220,172   224,125 -3,953
14,561   14,399 162
60,000   60,256 -256
50,000   51,084 -1,084
188,834   191,168 -2,334
282,794   286,751 -3,957
463,683   424,793 38,890
310,005   205,889 104,116
200,000   158,378 41,622
40,000   41,397 -1,397
480,000   323,112 156,888
170,230     170,230
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       -3,002
b       544
c       1,941
d       6,380
e       17,044
      1,409
      43,027
      10,888
      1,195
      -1,258
      2,271
      -3,953
      162
      -256
      -1,084
      -2,334
      -3,957
      38,890
      104,116
      41,622
      -1,397
      156,888
      170,230
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 2 579,366
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 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 392,046 9,941,464 0.039435
2012 358,790 9,900,593 0.036239
2011 354,623 9,613,689 0.036887
2010 414,698 9,871,985 0.042008
2009 563,093 9,506,093 0.059235
2 Total of line 1, column (d) ...................... 2 0.213804
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 0.042761
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 9,667,029
5 Multiply line 4 by line 3....................... 5 413,372
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 7,008
7 Add lines 5 and 6......................... 7 420,380
8 Enter qualifying distributions from Part XII, line 4.............. 8 430,188
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 7,008
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 7,008
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 7,008
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 5,200
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 5,200
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,808
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
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)
    bulletVT
    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 addressbulletN/A
    14
    The books are in care ofbulletPAUL MERGENS Telephone no.bullet (802) 862-6770
    Located atbulletPO BOX 633MILTONVT ZIP+4bullet05468
    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
     
    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 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
    PAUL MERGENS PRESIDENT
    40.00     		100,000 22,100 0
    PO BOX 718
    MILTON,VT05468
    MARY MERGENS-LOUGHRAN VICE PRESIDENT
    5.00     		0 0 0
    PO BOX 26
    SHELBURNE,VT05482
    LENORA MERGENS SECRETARY
    5.00     		0 0 0
    PO BOX 718
    MILTON,VT05468
    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
    WILLIAM H WILTSHIRE DIR OF OPERATIONS
    40.00     		100,000 16,288 0
    PO BOX 9338
    SOUTH BURLINGTON,VT05407
    CECILIA PLUM DIR OF FINANCE
    40.00     		75,000 6,045 0
    410 HILDRED DRIVE
    BURLINGTON,VT05401
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE GEORGE W. MERGENS FOUNDATION PROVIDES GRANTS TO 501(C)(3) ORGANIZATIONS FOR VARIOUS CHARITABLE PURPOSES. 0
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    9,762,611
    b
    Average of monthly cash balances.......................
    1b
    51,632
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,814,243
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,814,243
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    147,214
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,667,029
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    483,351
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    483,351
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    7,008
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,008
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    476,343
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    476,343
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    476,343
    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
    430,188
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    430,188
    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
    7,008
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    423,180
    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 7 476,343
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 97,932
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e......... 97,932
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 430,188
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 430,188
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2014. 46,155 46,155
    (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 51,777
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		51,777
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		0
    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....  
    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).)
    PAUL MERGENS
    MARY MERGENS-LOUGHRAN
    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:
    PAUL MERGENS
    PO BOX 633
    MILTON,VT05468
    (802) 862-6770
    bThe form in which applications should be submitted and information and materials they should include:
    ANY FORM OF APPLICATION IS ACCEPTABLE. INCLUDE ORGANIZATIONAL INFORMATION AND INFORMATION ON THE CHARITABLE USE OF FUNDS.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    BIRDS OF VERMONT MUSEUM
    900 SHERMAN HOLLOW ROAD
    HUNTINGTON,VT05462     		NOT RELATED PUBLIC OPERATIONS 1,000
    BISHOP JOHN MARSHALL SCHOOL
    680 LAPORTE ROAD
    MORRISVILLE,VT05661     		NOT RELATED PUBLIC OPERATIONS 10,000
    BSA BOY SCOUT TROOP 635
    40 LAVOIE DRIVE
    ESSEX,VT05452     		NOT RELATED PUBLIC OPERATIONS 6,000
    BSA GREEN MOUNTAIN COUNCIL
    PO BOX 557
    WATERBURY,VT05676     		NOT RELATED PUBLIC OPERATIONS 20,000
    CAMP TA-KUM-TA
    PO BOX 459
    SOUTH HERO,VT05486     		NOT RELATED PUBLIC OPERATIONS 1,000
    CARE NET OF MIDCOAST MAINE
    PO BOX 969
    BRUNSWICK,VT04011     		NOT RELATED PUBLIC OPERATIONS 5,000
    CARE NET PREGNANCY CENTER
    56 COLCHESTER AVENUE
    BURLINGTON,VT05401     		NOT RELATED PUBLIC OPERATIONS 3,000
    KINGDOM COUNTY PRODUCTIONS
    949 SOMERS ROAD
    BARNET,VT05821     		NOT RELATED PUBLIC OPERATIONS 10,000
    LAKE CHAMPLAIN MARITIME MUSEUM
    4472 BASIN HARBOR ROAD
    VERGENNES,VT05491     		NOT RELATED PUBLIC OPERATIONS 10,000
    MILTON COMMUNITY YOUTH COALITION
    PO BOX 543
    MILTON,VT05468     		NOT RELATED PUBLIC OPERATIONS 5,000
    OUR COMMUNITY CARES CAMP
    PO BOX 503
    RICHMOND,VT05477     		NOT RELATED PUBLIC OPERATIONS 15,000
    RESOURCE
    266 PINE STREET
    BURLINGTON,VT05401     		NOT RELATED PUBLIC OPERATIONS 5,000
    RICE MEMORIAL HIGH SCHOOL
    99 PROCTOR AVENUE
    SOUTH BURLINGTON,VT05403     		NOT RELATED PUBLIC OPERATIONS 2,500
    SAINT ANN CHURCH
    41 MAIN STREET PO BOX 1
    MILTON,VT05468     		NOT RELATED PUBLIC OPERATIONS 10,000
    SAINT FRANCIS XAVIER SCHOOL
    5 SAINT PETER STREET
    WINOOSKI,VT05404     		NOT RELATED PUBLIC OPERATIONS 17,500
    SAINT FRANCIS XAVIER SCHOOL
    5 SAINT PETER STREET
    WINOOSKI,VT05404     		NOT RELATED PUBLIC OPERATIONS 17,500
    SAINT ISIDORE CATHOLIC SCHOOL
    9970 SE 24TH AVENUE
    OWATONNA,MN55060     		NOT RELATED PUBLIC OPERATIONS 10,000
    SAINT JOSEPH CO-CATHEDRAL
    20 PINE STREET
    BURLINGTON,VT05401     		NOT RELATED PUBLIC OPERATIONS 7,500
    SAINT MARY'S CHURCH
    133 SCHOOL STREET
    WALTHAM,MA02451     		NOT RELATED PUBLIC OPERATIONS 5,000
    SAINT PAUL'S CATHOLIC SCHOOL
    54 EASTERN AVENUE
    BARTON,VT05822     		NOT RELATED PUBLIC OPERATIONS 5,000
    VEMRONT STATE MATHEMATICS COALITION
    7 WALNUT LANE
    ESSEX JUNCTION,VT05452     		NOT RELATED PUBLIC OPERATIONS 5,000
    VERMONT ADAPTIVE SKI & SPORTS
    PO BOX 139
    KILLINGTON,VT05751     		NOT RELATED PUBLIC OPERATIONS 5,000
    VERMONT YOUTH CONSERVATION CORPS
    1949 EAST MAIN STREET
    RICHMOND,VT05477     		NOT RELATED PUBLIC OPERATIONS 20,900
    VERMONT YOUTH CONSERVATION CORPS
    1949 EAST MAIN STREET
    RICHMOND,VT05477     		NOT RELATED PUBLIC OPERATIONS 25,000
    Total .................................bullet 3a 221,900
    bApproved for future payment
    Total .................................bullet 3b 0
    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....     14 240,932  
    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 .............     		    18 579,366  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a2013 FEDERAL EXCISE TAX REFUND       10,963  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 831,261 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13831,261
    (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:
    GEORGE W MERGENS FOUNDATION
    EIN: 03-0345055
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ENMAN & ASSOCIATES 4,470 2,235   0

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

    TY 2014 DepreciationSchedule
    Name:
    GEORGE W MERGENS FOUNDATION
    EIN: 03-0345055
    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
    STORCENTER PRO NETWORK ATTACHED STORAGE 2007-12-27 657 657 SL 5.000000000000 0 0    
    MY BOOK ESSENTIAL EXTERNAL HARD DRIVES (2) 2008-07-07 250 250 SL 5.000000000000 0 0    
    LAPTOP COMPUTER 2009-09-04 1,501 1,350 SL 5.000000000000 151 0    
    ROUTER 2009-09-04 74 67 SL 5.000000000000 7 0    
    HP PAVILION ELITE 380T COMPUTER 2010-09-08 1,179 826 SL 5.000000000000 236 0    
    HP 23" LCD MONITOR 2010-09-08 180 126 SL 5.000000000000 36 0    
    SCANNER 2011-11-15 107 53 SL 5.000000000000 21 0    
    HP PC/MONITOR(PAUL) 2012-11-16 1,455 437 SL 5.000000000000 291 0    
    HP OFFICEJET PRO X476DN PRINTER 2013-05-01 695 209 SL 5.000000000000 139 0    
    SYNOLOGY NAS SERVER (2 BAY) 2013-05-01 300 90 SL 5.000000000000 60 0    
    WESTERN DIGITAL HARD DRIVES (2) 2013-05-01 300 90 SL 5.000000000000 60 0    
    HP COMPAQ ELITE 8300 (BILL) 2013-05-10 803 241 SL 5.000000000000 161 0    
    HP COMPAQ ELITE 8300 (CECILIA) 2013-05-10 803 241 SL 5.000000000000 161 0    

    TY 2014 InvestmentsGovtObligationsSch
    Name:
    GEORGE W MERGENS FOUNDATION
    EIN: 03-0345055
    US Government Securities - End of Year Book Value:

    57,756
    US Government Securities - End of Year Fair Market Value:

    57,645
    State & Local Government Securities - End of Year Book Value:


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


    0


    TY 2014 InvestmentsOtherSchedule2
    Name:
    GEORGE W MERGENS FOUNDATION
    EIN: 03-0345055
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS-MTC AT COST 8,863,100 8,775,056

    TY 2014 LandEtcSchedule2
    Name:
    GEORGE W MERGENS FOUNDATION
    EIN: 03-0345055
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    STORCENTER PRO NETWORK ATTACHED STORAGE 657 657 0  
    MY BOOK ESSENTIAL EXTERNAL HARD DRIVES (2) 250 250 0  
    LAPTOP COMPUTER 1,501 1,501 0  
    ROUTER 74 74 0  
    HP PAVILION ELITE 380T COMPUTER 1,179 1,062 117  
    HP 23" LCD MONITOR 180 162 18  
    SCANNER 107 74 33  
    HP PC/MONITOR(PAUL) 1,455 728 727  
    HP OFFICEJET PRO X476DN PRINTER 695 348 347  
    SYNOLOGY NAS SERVER (2 BAY) 300 150 150  
    WESTERN DIGITAL HARD DRIVES (2) 300 150 150  
    HP COMPAQ ELITE 8300 (BILL) 803 402 401  
    HP COMPAQ ELITE 8300 (CECILIA) 803 402 401  


    TY 2014 OtherExpensesSchedule
    Name:
    GEORGE W MERGENS FOUNDATION
    EIN: 03-0345055
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE EXPENSE 1,779 0   0
    OFFICE SUPPLIES & SERVICES 1,220 0   0
    COMPUTER SERVICES & SUPPLIES 758 0   0
    INSURANCE 1,037 0   0
    GAS 1,485 0   0
    MILEAGE & OUT-OF-POCKET EXPENSE 1,508 0   0
    MEALS & ENTERTAINMENT 689 0   0
    POSTAGE & DELIVERY 147 0   0


    TY 2014 OtherIncomeSchedule2
    Name:
    GEORGE W MERGENS FOUNDATION
    EIN: 03-0345055
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    2013 FEDERAL EXCISE TAX REFUND 10,963   10,963


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    GEORGE W MERGENS FOUNDATION
    EIN: 03-0345055
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MERCHANTS TRUST COMPANY 29,502 29,502   0


    TY 2014 TaxesSchedule
    Name:
    GEORGE W MERGENS FOUNDATION
    EIN: 03-0345055
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 21,038 5,259   12,814
    FOREIGN TAXES 2,036 2,036   0
    2013 OVERPAYMENT APPLIED 5,200 0   0