Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 09-01-2013 , and ending 08-31-2014
Name of foundation
NC FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)12295 ORACLE BLVD SUITE 320   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
COLORADO SPRINGS, CO80921
A Employer identification number

84-1550507
B Telephone number (see instructions)

(719) 598-2600
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$10,059,588J 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
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities......      
5a Gross rents.............. 1,348,046 715,274  
b Net rental income or (loss) 232,679
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
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........ 1,348,046 715,274  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 75,000 12,000   18,750
14 Other employee salaries and wages...... 5,000 0   0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,551 1,816   1,024
c Other professional fees (attach schedule)....        
17 Interest............... 431,995 228,931   0
18 Taxes (attach schedule) (see instructions) Click to see attachment 113,321 53,714   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 206,511 112,561  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 374,459 198,689   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,210,837 607,711   19,774
25 Contributions, gifts, grants paid........ 190,067 190,067
26 Total expenses and disbursements. Add lines 24 and 25 1,400,904 607,711   209,841
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -52,858
b Net investment income (if negative, enter -0-) 107,563
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 17,433 1,211 1,211
2 Savings and temporary cash investments..........      
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)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet11,193,571
Less: accumulated depreciation (attach schedule) bullet2,158,266 9,199,494 Click to see attachment9,035,305 10,050,000
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment25,299 Click to see attachment8,377 Click to see attachment8,377
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,242,226 9,044,893 10,059,588
Liabilities 17 Accounts payable and accrued expenses.......... 63,433 63,433
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 6,561,223 Click to see attachment6,403,690
22 Other liabilities (describe bullet) Click to see attachment596,841 Click to see attachment609,899
23 Total liabilities (add lines 17 through 22).......... 7,221,497 7,077,022
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 2,020,729 1,967,871
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    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 2,020,729 1,967,871
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 9,242,226 9,044,893
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 2,020,729
2 Enter amount from Part I, line 27a..................... 2 -52,858
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 1,967,871
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 1,967,871
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2012 259,453 3,887,251 0.066745
2011 201,287 3,262,381 0.061699
2010 160,742 3,106,671 0.051741
2009 44,150 4,882,933 0.009042
2008 78,874 4,767,387 0.016544
2 Total of line 1, column (d) ...................... 2 0.205771
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 0.041154
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 3,870,444
5 Multiply line 4 by line 3....................... 5 159,284
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 1,076
7 Add lines 5 and 6......................... 7 160,360
8 Enter qualifying distributions from Part XII, line 4.............. 8 209,841
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2013)
Form 990-PF (2013)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 1,076
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 1,076
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 1,076
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 1,240
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 1,240
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 164
11 Enter the amount of line 10 to be: Credited to 2014 estimated taxBullet164 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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)
    bulletCO
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE COMPANY Telephone no.bullet (719) 598-2600
    Located atbullet12295 ORACLE BLVD SUITE 320COLORADO SPRINGSCO ZIP+4bullet80921
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the
    foreign country bullet  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2013?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If "Yes," did it have excess business holdings in 2013 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2013.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2013?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    PATRICK DOW CEO
    20.00     		35,000 0 0
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921
    NICKY CRUZ PRESIDENT
    10.00     		40,000 0 0
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921
    LAURA KING BOARD MEMBER
    2.00     		0 0 0
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921
    ALICIA DOW BOARD MEMBER
    2.00     		0 0 0
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921
    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 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the 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
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    193,522
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    1,076
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
    3,522
    c
    Add lines 2a and 2b............................
    2c
    4,598
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    188,924
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    188,924
    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
    188,924
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 188,924
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2013:
    a From 2008.......  
    b From 2009.......  
    c From 2010.......  
    d From 2011.......  
    e From 2012....... 40,382
    fTotal of lines 3a through e......... 40,382
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 209,841
    a Applied to 2012, 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 2013 distributable amount..... 188,924
    e Remaining amount distributed out of corpus 20,917
    5 Excess distributions carryover applied to 2013. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 61,299
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		0
    8Excess distributions carryover from 2008 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		61,299
    10 Analysis of line 9:
    a Excess from 2009....  
    b Excess from 2010....  
    c Excess from 2011....  
    d Excess from 2012.... 40,382
    e Excess from 2013.... 20,917
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2013, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2013 (b) 2012 (c) 2011 (d) 2010
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    NICKY CRUZ OUTREACH INC
    12295 ORACLE BLVD
    COLORADO SPRINGS,CO80921     		N/A PUBLIC CHARITY RELIGIOUS MINISTRIES TO REACH URBAN CHILDREN 190,067
    Total .................................bullet 3a 190,067
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 532000 232,679      
    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 .............     		         
    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).. 232,679 0 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13232,679
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    NC FOUNDATION
    EIN: 84-1550507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,844 910   1,024
    ACCOUNTING 569 302   0
    ACCOUNTING 569 302   0
    ACCOUNTING 569 302   0

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    TY 2013 AmortizationSchedule
    Name:
    NC FOUNDATION
    EIN: 84-1550507
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    LOAN ORIGINATION FEES - TIER ONE [692] 2003-05-05 21,650 21,650 60.000000000000   0   21,650
    LEASE COMMISSIONS 2003-06-01 41,163 41,163 60.000000000000   0   41,163
    LEASE COMMISSIONS 2003-08-31 7,185 7,185 60.000000000000   0   7,185
    LEASE COMMISSIONS 2004-08-31 27,723 27,723 60.000000000000   0   27,723
    2005 CLOSING COSTS CAPITALIZED 2005-08-31 10,985 10,985 41.000000000000   0   10,985
    LOAN ORIGINATION FEES 2004-10-08 12,200 5,439 240.000000000000 610 324   6,049
    LEASE COMMISSIONS WATERBROOK 2005-06-15 39,653 39,653 60.000000000000   0   39,653
    LEASE COMMISSIONS 2004-09-07 6,789 6,789 60.000000000000   0   6,789
    LEASE COMMISSIONS 2004-09-01 3,000 3,000 60.000000000000   0   3,000
    LEASE COMMISSIONS 2004-09-07 14,997 14,997 60.000000000000   0   14,997
    CONSTRUCTION LOAN COSTS 2005-05-11 2,500 2,500 60.000000000000   0   2,500
    LEASE COMMISSIONS - MBS 2006-04-05 15,254 15,254 36.000000000000   0   15,254
    APPRAISAL FEES 2006-04-27 1,014 374 240.000000000000 51 27   425
    TITLE INSURANCE - CLOSING FEES 2006-04-27 7,617 2,794 240.000000000000 381 202   3,175
    LOAN ORIGINATION FEES 2006-04-27 5,000 1,833 240.000000000000 250 133   2,083
    SURVEY FEES 2006-04-27 4,500 1,650 240.000000000000 225 119   1,875
    LOAN ORIGINATION FEES 2007-06-08 26,000 8,125 240.000000000000 1,300 690   9,425
    LEASE COMMISSIONS 2007-04-11 12,190 12,190 36.000000000000   0   12,190
    LEASE COMMISSIONS - BLDG THREE 2008-07-09 7,206 7,206 60.000000000000   0   7,206
    LEASE COMMISSIONS - BLDG THREE 2008-07-09 5,496 5,496 60.000000000000   0   5,496
    LEASE COMMISSIONS - BLDG THREE 2008-08-19 11,832 8,450 84.000000000000 1,690 897   10,140
    LEASE COMMISSIONS - BLDG ONE 2008-01-16 4,084 4,084 60.000000000000   0   4,084
    LEASE COMMISSIONS - BLDG THREE 2008-01-25 5,496 5,496 60.000000000000   0   5,496
    LEASE COMMISSIONS - BLDG THREE 2008-02-08 11,832 9,436 84.000000000000 1,690 897   11,126
    LEASE COMMISSIONS - BLDG ONE 2008-05-14 700 700 24.000000000000   0   700
    LEASE COMMISSIONS - BLDG ONE 2008-08-26 4,084 4,084 60.000000000000   0   4,084
    LEASE COMMISSIONS - BLDG ONE 2008-12-01 4,070 3,867 60.000000000000 203 108   4,070
    LEASE COMMISSIONS - BLDG ONE 2008-12-01 14,700 13,965 60.000000000000 735 390   14,700
    LEASE COMMISSIONS - BLDG THREE 2008-12-01 29,516 28,039 60.000000000000 1,477 784   29,516
    LEASE COMMISSIONS - BLDG ONE 2009-02-10 501 458 60.000000000000 43 23   501
    LEASE COMMISSIONS - BLDG ONE 2009-03-11 2,617 2,354 60.000000000000 263 140   2,617
    LEASE COMMISSIONS - BLDG THREE 2008-10-09 4,554 4,479 60.000000000000 75 40   4,554
    LEASE COMMISSIONS - BLDG THREE 2008-11-11 4,554 4,403 60.000000000000 151 80   4,554
    LEASE COMMISSIONS - BLDG TWO 2008-12-09 2,499 2,375 60.000000000000 124 66   2,499
    TITLE INSURANCE - CLOSING FEES 2006-09-01 4,236 1,555 240.000000000000 212 112   1,767
    LOAN EXTENSION FEES 2008-11-26 14,575 3,463 240.000000000000 729 387   4,192
    APPRAISAL FEES 2008-11-26 6,500 1,544 240.000000000000 325 172   1,869
    TITLE INSURANCE - CLOSING FEES 2008-11-26 1,636 389 240.000000000000 82 44   471
    LEASE COMMISSION - CHURCH COMM BLDRS 2009-09-15 12,164 12,164 39.000000000000   0   12,164
    LOAN EXTENSION FEES 2009-11-19 15,751 2,955 240.000000000000 788 418   3,743
    LEASE COMMISSION - WATERBROOK 2010-09-01 70,000 42,000 60.000000000000 14,000 7,428   56,000
    LEASE COMMISSION - RESERVE NATIONAL INSURANCE 2010-05-01 5,362 4,766 36.000000000000   0   4,766
    APPRAISAL FEES 2012-01-23 7,500 792 180.000000000000 500 265   1,292
    LEASE COMMISSION - WATERBROOK 2012-01-10 24,208 8,070 60.000000000000 4,842 2,569   12,912
    LEASE COMMISSION - CHERWELL SOFTWARE 2012-02-08 6,912 6,254 21.000000000000 658 349   6,912
    LEASE COMMISSION - CHERWELL SOFTWARE 2013-03-13 3,297 1,649 12.000000000000 1,648 874   3,297
    LEASE COMMISSION - AMERICAN LIBERTY 2013-01-09 609 406 12.000000000000 203 108   609
    LEASE COMMISSION - CENDERA FUNDING 2013-04-09 1,925 688 14.000000000000 1,237 656   1,925
    LEASE COMMISSION - EDWARD JONES 2013-08-13 2,489 69 36.000000000000 830 440   899
    LEASE COMMISSION - INF PRO 2013-01-09 840 560 12.000000000000 280 149   840
    LEASE COMMISSION - FINACIAL SERVICES 2013-01-09 3,429 457 60.000000000000 686 364   1,143
    LEASE COMMISSION - INF PRO 2013-04-23 8,922 595 60.000000000000 1,784 947   2,379
    LEASE COMMISSION - CHERWELL STE 105 2013-12-01 2,352   12.000000000000 1,764 936   1,764
    LEASE COMMISSION - CHERWELL STE 105 2013-12-01 2,352   12.000000000000 1,764 936   1,764
    LEASE COMMISSION - MBS 2013-11-01 15,548   60.000000000000 2,591 1,375   2,591
    LEASE COMMISSION - RESERVE NATIONAL INSURANCE 2014-05-01 3,024   36.000000000000 336 178   336
    LEASE COMMISSION - CHERWELL STE 205 2014-03-01 1,961   12.000000000000 981 521   981
    LEASE COMMISSION - INF PRO 2014-05-01 3,016   36.000000000000 335 178   335
    LEASE COMMISSION - CHERWELL STE 200 2013-12-01 6,267   12.000000000000 4,700 2,494   4,700
    LEASE COMMISSION - CHERWELL STE 340 2013-12-01 1,185   12.000000000000 889 472   889
    LEASE COMMISSION - CHERWELL STE 330 2013-12-01 7,898   12.000000000000 5,924 3,143   5,924
    APPRAISAL FEES 2013-11-18 4,500   180.000000000000 225 119   225

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    TY 2013 DepreciationSchedule
    Name:
    NC FOUNDATION
    EIN: 84-1550507
    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
    LAND 2001-08-31 2,094,545   L   0 0    
    DEVELOPMENT COSTS 2002-08-31 117,263   L   0 0    
    LAND 2000-08-31 29,005   L   0 0    
    CAPITALIZE REAL ESTATE TAXES 2002-08-31 21,613   L   0 0    
    TF - CORRIDOR 2003-06-10 125,378 32,820 SL 39.000000000000 3,215 3,215    
    TF - EDWARD JONES 2003-08-01 5,919 1,526 SL 39.000000000000 152 152    
    TF - EDWARD JONES - BLINDS 2003-08-22 1,528 764 200DB 5.000000000000 0 0    
    TF - GARAGE 2003-06-10 2,146 561 SL 39.000000000000 55 55    
    TF - HORIZON INTERACT 2003-06-10 126,631 33,146 SL 39.000000000000 3,247 3,247    
    TF - HORIZON - BLINDS 2003-08-22 3,504 1,752 200DB 5.000000000000 0 0    
    TF - NC OUTREACH 2003-06-10 158,297 41,436 SL 39.000000000000 4,059 4,059    
    TF - MUSIC ACAD 2003-06-10 26,779 7,013 SL 39.000000000000 687 687    
    TF - SCE 2003-06-10 10,413 2,726 SL 39.000000000000 267 267    
    BUILDING #1 2003-05-05 1,598,710 421,886 SL 39.000000000000 40,993 40,993    
    DEVELOPMENT COSTS 2003-08-31 557,458   L   0 0    
    CAPITALIZED R.E. TAXES 2003-08-31 22,177   L   0 0    
    CAPITALIZED CONSTRUCTION INTEREST 2003-05-05 153,154 40,415 SL 39.000000000000 3,927 3,927    
    APPRAISAL FEES 2003-05-05 4,700 1,245 SL 39.000000000000 121 121    
    TITLE INSURANCE - CLOSING FEES 2003-05-05 4,989 1,317 SL 39.000000000000 128 128    
    TF - EDWARD JONES 2003-08-31 35,929 9,210 SL 39.000000000000 921 921    
    TF - HORIZON INTERACT 2003-08-31 2,198 560 SL 39.000000000000 56 56    
    BUILDING #1 ADDITIONS 2003-08-31 4,929 1,260 SL 39.000000000000 126 126    
    DEVELOPMENT COSTS 2003-08-31 60,000   L   0 0    
    TF - EDWARD JONES 2004-03-31 1,978 482 SL 39.000000000000 51 51    
    TF - EXEC. SUITE 100 2004-08-31 91,132 21,130 SL 39.000000000000 2,337 2,337    
    TF - EXEC. SUITE 230 2004-03-31 68,522 16,618 SL 39.000000000000 1,757 1,757    
    TF - EXEC. SUITE 340 2004-07-01 76,747 17,958 SL 39.000000000000 1,968 1,968    
    TF - GOSPEL OF GLORY 2004-01-01 32,973 8,133 SL 39.000000000000 845 845    
    TF - NC OUTREACH 2004-01-31 2,555 635 SL 39.000000000000 66 66    
    BUILDING #1 ADDITIONS 2003-10-09 5,509 1,393 SL 39.000000000000 141 141    
    DEVELOPMENT COSTS 2004-08-31 27,767   L   0 0    
    CAP. CONSTR. COSTS 2005-08-09 11,753 2,421 SL 39.000000000000 301 301    
    TF - EXEC. SUITE 100 2004-08-31 11,768 2,731 SL 39.000000000000 302 302    
    TF - EXEC. SUITE 100 2004-12-14 54,180 12,096 SL 39.000000000000 1,389 1,389    
    TF - SUITE 120 2005-04-05 85,060 18,266 SL 39.000000000000 2,181 2,181    
    TF - SUITE 200 WATERBROOK 2005-05-10 372,540 79,202 SL 39.000000000000 9,552 9,552    
    2005 BUILDING #2 CONSTRUCTION 2005-04-05 1,251,793 268,812 SL 39.000000000000 32,097 32,097    
    2005 CAPITALIZED INTEREST 2005-04-05 111,629 23,969 SL 39.000000000000 2,862 2,862    
    TENANT FINISH - SUITE 105 BLDG #2 2006-03-22 124,858 23,874 SL 39.000000000000 3,201 3,201    
    BUILDING #2 FRAMING 2005-10-19 61,649 12,450 SL 39.000000000000 1,581 1,581    
    LANDSCAPING 2005-09-16 5,420   L   0 0    
    HEAT TAPE - BLDG #1 2006-03-20 2,495 477 SL 39.000000000000 24 24    
    HEAT TAPE - BLDG #2 2006-03-20 2,495 477 SL 39.000000000000 24 24    
    TENANT FINISH - MBS BLINDS 2006-04-10 3,918 3,918 200DB 5.000000000000 0 0    
    SNOW GUARDS - BLDG #1 2006-04-10 1,814 346 SL 39.000000000000 47 47    
    SNOW GUARDS - BLDG #2 2006-04-10 1,815 346 SL 39.000000000000 47 47    
    CAPITALIZE CONSTRUCTION INTEREST 2006-04-27 51,836 9,801 SL 39.000000000000 1,329 1,329    
    TF - SUITE 100 (LESS REIMBURSE ON #200 OF $19,593) 2007-01-19 178,462 30,316 SL 39.000000000000 4,576 4,576    
    BUILDING #3 CAPITALIZED CONSTRUCTION 2007-07-09 377,053 59,217 SL 39.000000000000 9,668 9,668    
    DEVELOPMENT COSTS 2007-06-08 16,353   L   0 0    
    SNOW GUARDS - BLDG #2 2007-02-14 1,063 177 SL 39.000000000000 27 27    
    SNOW GUARDS - BLDG #1 2007-02-14 1,062 177 SL 39.000000000000 27 27    
    TENANT FINISH - NCO - BLDG #1 2007-05-11 16,300 2,630 SL 39.000000000000 418 418    
    LANDSCAPING 2006-09-20 4,210   L   0 0    
    DEVELOPMENT COSTS #3 2007-06-08 37,536   L   0 0    
    PARKING LOT FOR #3 2007-07-09 75,000 35,696 150DB 15.000000000000 4,429 5,000    
    BUILDING CONSTRUCTION #3 2007-09-07 275,804 42,137 SL 39.000000000000 7,072 7,072    
    BUILDING CONSTRUCTION #3 2007-10-12 231,141 34,821 SL 39.000000000000 5,927 5,927    
    BUILDING CONSTRUCTION #3 2007-11-09 151,936 22,564 SL 39.000000000000 3,896 3,896    
    BUILDING CONSTRUCTION #3 2007-12-06 133,188 19,494 SL 39.000000000000 3,415 3,415    
    BUILDING CONSTRUCTION #3 2008-01-10 214,952 31,005 SL 39.000000000000 5,512 5,512    
    BUILDING CONSTRUCTION #3 2008-02-13 59,170 8,407 SL 39.000000000000 1,517 1,517    
    BUILDING CONSTRUCTION #3 2008-03-13 40,559 5,677 SL 39.000000000000 1,040 1,040    
    BUILDING CONSTRUCTION #3 2008-04-11 32,028 4,413 SL 39.000000000000 821 821    
    BUILDING CONSTRUCTION #3 2008-05-13 6,441 873 SL 39.000000000000 165 165    
    BUILDING CONSTRUCTION #3 2008-06-10 38,402 5,130 SL 39.000000000000 985 985    
    BUILDING CONSTRUCTION #3 2008-07-15 80,684 10,604 SL 39.000000000000 2,069 2,069    
    BUILDING CONSTRUCTION #3 2008-08-15 9,980 1,291 SL 39.000000000000 256 256    
    TF - BLD 3 - SUITE #100 2008-06-10 21,043 2,812 SL 39.000000000000 540 540    
    TF - BLD 3 - SUITE #100 - BLINDS 2008-07-09 2,000 1,000 200DB 5.000000000000 0 0    
    TF - BLD 3 - SUITE #100 2008-07-15 60,758 7,985 SL 39.000000000000 1,558 1,558    
    TF - BLD 3 - SUITE #100 2008-08-15 24,484 3,166 SL 39.000000000000 628 628    
    TF - BLD 3 - SUITE 101 2008-06-10 26,370 3,521 SL 39.000000000000 676 676    
    TF - BLD 3 - SUITE 101- BLINDS 2008-07-09 1,500 750 200DB 5.000000000000 0 0    
    TF - BLD 3 - SUITE 101 2008-07-15 49,720 6,534 SL 39.000000000000 1,275 1,275    
    TF - BLD 3 - SUITE 101 2008-08-15 25,204 3,257 SL 39.000000000000 646 646    
    TF - BLD 3 - SUITE 111 2008-06-10 9,831 1,313 SL 39.000000000000 252 252    
    TF - BLD 3 - SUITE 111 2008-07-15 22,332 2,937 SL 39.000000000000 573 573    
    TF - BLD 3 - SUITE 111 2008-08-15 22,952 2,970 SL 39.000000000000 589 589    
    TF - BLD 3 - SUITE 111 - BLINDS 2008-08-28 442 221 200DB 5.000000000000 0 0    
    TF - BLD 3 - SUITE #120 2008-06-10 11,856 1,583 SL 39.000000000000 304 304    
    TF - BLD 3 - SUITE #120 2008-07-15 24,376 3,203 SL 39.000000000000 625 625    
    TF - BLD 3 - SUITE #120 2008-08-15 23,540 3,045 SL 39.000000000000 604 604    
    TF - BLD 3 - SUITE #120 - BLINDS 2008-08-28 1,558 779 200DB 5.000000000000 0 0    
    TF - BLD 3 - SUITE #121 2008-06-10 18,288 2,443 SL 39.000000000000 469 469    
    TF - BLD 3 - SUITE #121 2008-07-15 33,973 4,464 SL 39.000000000000 871 871    
    TF - BLD 3 - SUITE #121 2008-08-15 22,107 2,859 SL 39.000000000000 567 567    
    TF - BLD 3 - SUITE #123 - BLINDS 2008-07-09 1,349 674 200DB 5.000000000000 0 0    
    LANDSCAPING 2007-10-12 5,500   L   0 0    
    TF - BLD 1 2008-08-19 10,000 1,280 SL 39.000000000000 256 256    
    REPLAT 2008-08-26 3,000   L   0 0    
    TENANT FINISH - BLDG #2 2008-03-31 1,875 260 SL 39.000000000000 48 48    
    MAILBOXES 2008-03-31 1,897 1,468 SL 7.000000000000 271 271    
    A-MARK SIGNS 2008-03-31 2,483 1,923 SL 7.000000000000 355 355    
    LANDSCAPING 2008-03-31 8,843   L   0 0    
    TF - BLD 1 BOATZ KNUSEN 2008-12-01 14,500 1,767 SL 39.000000000000 372 372    
    TF - BLD 3 INFO PROS 2008-09-19 17,436 2,198 SL 39.000000000000 447 447    
    TF - BLD 3 CDF 101 2008-10-17 13,559 1,682 SL 39.000000000000 348 348    
    TF - BLD 3 SPEC 1 111 2008-10-17 35,171 4,360 SL 39.000000000000 902 902    
    TF - BLD 3 SPEC 2 120 2008-09-19 24,774 3,122 SL 39.000000000000 635 635    
    TF - BLD 3 SPEC 2 120 2008-10-17 9,416 1,165 SL 39.000000000000 241 241    
    TF - BLD 3 ISAAC FIN 2 121 2008-10-17 8,463 1,049 SL 39.000000000000 217 217    
    TF - BLD 3 MANAGE 200 2008-09-19 153,487 19,352 SL 39.000000000000 3,936 3,936    
    TF - BLD 3 MANAGE 200 2008-10-21 187,655 23,258 SL 39.000000000000 4,812 4,812    
    TF - BLD 3 MANAGE 200 2008-12-01 9,476 1,154 SL 39.000000000000 243 243    
    TF - BLD 3 OTHER 2008-09-19 74,259 9,361 SL 39.000000000000 1,904 1,904    
    TF - BLD 3 WOOD DOORS 2008-12-01 37,000 28,744 200DB 7.000000000000 3,302 5,286    
    TF - BLD 3 STOREFRONTS 2008-12-01 5,500 4,273 200DB 7.000000000000 491 786    
    TF - BLD 3 MIRRORS 2008-12-01 700 544 200DB 7.000000000000 62 100    
    TF - BLD 3 RESILIENT FLOORING 2008-12-01 825 641 200DB 7.000000000000 74 118    
    TF - BLD 3 CERAMIC TILE 2008-12-01 7,624 5,923 200DB 7.000000000000 680 1,089    
    TF - BLD 3 CARPET 2008-12-01 30,000 23,306 200DB 7.000000000000 2,678 4,286    
    TF - BLD 3 CABINETS 2008-12-01 3,800 2,953 200DB 7.000000000000 339 543    
    TF - BLD 3 COUNTERTOPS 2008-12-01 3,500 2,719 200DB 7.000000000000 312 500    
    TF - BLD 3 TOILET ACCESSORIES 2008-12-01 1,000 777 200DB 7.000000000000 89 143    
    TF - BLD 3 FIRE EXTINGUISHERS 2008-12-01 800 621 200DB 7.000000000000 72 114    
    TF - BLD 3 KITCHEN APPLIANCES 2008-12-01 3,400 2,642 200DB 7.000000000000 303 486    
    TENANT FINISH - BLDG #2 2009-10-31 3,582 356 SL 39.000000000000 92 92    
    TENANT FINISH - BLDG #2 2010-04-22 4,654 402 SL 39.000000000000 119 119    
    TENANT FINISH - STE 205 2014-03-19 9,510   SL 39.000000000000 102 102    
    HEAT TAPE - BLDG #1 2014-01-28 7,086   SL 39.000000000000 106 106    
    TENANT FINISH - STE 300 2013-12-10 23,010   SL 39.000000000000 443 443    
    SNOW GUARDS - BLDG #1 2014-02-11 6,994   SL 39.000000000000 105 105    
    HEAT TAPE - BLDG #2 2014-01-28 6,014   SL 39.000000000000 90 90    
    HVAC ZONING SYSTEM 2014-08-13 5,525   SL 39.000000000000 12 12    

    TY 2013 InvestmentsLandSchedule2
    Name:
    NC FOUNDATION
    EIN: 84-1550507
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 2,094,545 0 2,094,545  
    DEVELOPMENT COSTS 117,263 0 117,263  
    LAND 29,005 0 29,005  
    CAPITALIZE REAL ESTATE TAXES 21,613 0 21,613  
    TF - CORRIDOR 125,378 36,035 89,343  
    TF - EDWARD JONES 5,919 1,678 4,241  
    TF - EDWARD JONES - BLINDS 1,528 1,528 0  
    TF - GARAGE 2,146 616 1,530  
    TF - HORIZON INTERACT 126,631 36,393 90,238  
    TF - HORIZON - BLINDS 3,504 3,504 0  
    TF - NC OUTREACH 158,297 45,495 112,802  
    TF - MUSIC ACAD 26,779 7,700 19,079  
    TF - SCE 10,413 2,993 7,420  
    BUILDING #1 1,598,710 462,879 1,135,831  
    DEVELOPMENT COSTS 557,458 0 557,458  
    CAPITALIZED R.E. TAXES 22,177 0 22,177  
    CAPITALIZED CONSTRUCTION INTEREST 153,154 44,342 108,812  
    LOAN ORIGINATION FEES - TIER ONE [692] 21,650 21,650 0  
    APPRAISAL FEES 4,700 1,366 3,334  
    TITLE INSURANCE - CLOSING FEES 4,989 1,445 3,544  
    TF - EDWARD JONES 35,929 10,131 25,798  
    TF - HORIZON INTERACT 2,198 616 1,582  
    BUILDING #1 ADDITIONS 4,929 1,386 3,543  
    DEVELOPMENT COSTS 60,000 0 60,000  
    TF - EDWARD JONES 1,978 533 1,445  
    TF - EXEC. SUITE 100 91,132 23,467 67,665  
    TF - EXEC. SUITE 230 68,522 18,375 50,147  
    TF - EXEC. SUITE 340 76,747 19,926 56,821  
    TF - GOSPEL OF GLORY 32,973 8,978 23,995  
    TF - NC OUTREACH 2,555 701 1,854  
    BUILDING #1 ADDITIONS 5,509 1,534 3,975  
    DEVELOPMENT COSTS 27,767 0 27,767  
    CAP. CONSTR. COSTS 11,753 2,722 9,031  
    TF - EXEC. SUITE 100 11,768 3,033 8,735  
    TF - EXEC. SUITE 100 54,180 13,485 40,695  
    TF - SUITE 120 85,060 20,447 64,613  
    TF - SUITE 200 WATERBROOK 372,540 88,754 283,786  
    2005 BUILDING #2 CONSTRUCTION 1,251,793 300,909 950,884  
    2005 CAPITALIZED INTEREST 111,629 26,831 84,798  
    2005 CLOSING COSTS CAPITALIZED 10,985 10,985 0  
    LOAN ORIGINATION FEES 12,200 6,049 6,151  
    CONSTRUCTION LOAN COSTS 2,500 2,500 0  
    TENANT FINISH - SUITE 105 BLDG #2 124,858 27,075 97,783  
    BUILDING #2 FRAMING 61,649 14,031 47,618  
    LANDSCAPING 5,420 0 5,420  
    TENANT FINISH - MBS BLINDS 3,918 3,918 0  
    APPRAISAL FEES 1,014 425 589  
    TITLE INSURANCE - CLOSING FEES 7,617 3,175 4,442  
    LOAN ORIGINATION FEES 5,000 2,083 2,917  
    SURVEY FEES 4,500 1,875 2,625  
    SNOW GUARDS - BLDG #1 1,814 393 1,421  
    SNOW GUARDS - BLDG #2 1,815 393 1,422  
    CAPITALIZE CONSTRUCTION INTEREST 51,836 11,130 40,706  
    TF - SUITE 100 (LESS REIMBURSE ON #200 OF $19,593) 178,462 34,892 143,570  
    BUILDING #3 CAPITALIZED CONSTRUCTION 377,053 68,885 308,168  
    LOAN ORIGINATION FEES 26,000 9,425 16,575  
    DEVELOPMENT COSTS 16,353 0 16,353  
    SNOW GUARDS - BLDG #2 1,063 204 859  
    SNOW GUARDS - BLDG #1 1,062 204 858  
    TENANT FINISH - NCO - BLDG #1 16,300 3,048 13,252  
    LANDSCAPING 4,210 0 4,210  
    DEVELOPMENT COSTS #3 37,536 0 37,536  
    PARKING LOT FOR #3 75,000 40,125 34,875  
    BUILDING CONSTRUCTION #3 275,804 49,209 226,595  
    BUILDING CONSTRUCTION #3 231,141 40,748 190,393  
    BUILDING CONSTRUCTION #3 151,936 26,460 125,476  
    BUILDING CONSTRUCTION #3 133,188 22,909 110,279  
    BUILDING CONSTRUCTION #3 214,952 36,517 178,435  
    BUILDING CONSTRUCTION #3 59,170 9,924 49,246  
    BUILDING CONSTRUCTION #3 40,559 6,717 33,842  
    BUILDING CONSTRUCTION #3 32,028 5,234 26,794  
    BUILDING CONSTRUCTION #3 6,441 1,038 5,403  
    BUILDING CONSTRUCTION #3 38,402 6,115 32,287  
    BUILDING CONSTRUCTION #3 80,684 12,673 68,011  
    BUILDING CONSTRUCTION #3 9,980 1,547 8,433  
    TF - BLD 3 - SUITE #100 21,043 3,352 17,691  
    TF - BLD 3 - SUITE #100 - BLINDS 2,000 2,000 0  
    TF - BLD 3 - SUITE #100 60,758 9,543 51,215  
    TF - BLD 3 - SUITE #100 24,484 3,794 20,690  
    TF - BLD 3 - SUITE 101 26,370 4,197 22,173  
    TF - BLD 3 - SUITE 101- BLINDS 1,500 1,500 0  
    TF - BLD 3 - SUITE 101 49,720 7,809 41,911  
    TF - BLD 3 - SUITE 101 25,204 3,903 21,301  
    TF - BLD 3 - SUITE 111 9,831 1,565 8,266  
    TF - BLD 3 - SUITE 111 22,332 3,510 18,822  
    TF - BLD 3 - SUITE 111 22,952 3,559 19,393  
    TF - BLD 3 - SUITE 111 - BLINDS 442 442 0  
    TF - BLD 3 - SUITE #120 11,856 1,887 9,969  
    TF - BLD 3 - SUITE #120 24,376 3,828 20,548  
    TF - BLD 3 - SUITE #120 23,540 3,649 19,891  
    TF - BLD 3 - SUITE #120 - BLINDS 1,558 1,558 0  
    TF - BLD 3 - SUITE #121 18,288 2,912 15,376  
    TF - BLD 3 - SUITE #121 33,973 5,335 28,638  
    TF - BLD 3 - SUITE #121 22,107 3,426 18,681  
    TF - BLD 3 - SUITE #123 - BLINDS 1,349 1,349 0  
    LANDSCAPING 5,500 0 5,500  
    LEASE COMMISSIONS - BLDG THREE 7,206 7,206 0  
    LEASE COMMISSIONS - BLDG THREE 5,496 5,496 0  
    LEASE COMMISSIONS - BLDG THREE 11,832 10,140 1,692  
    TF - BLD 1 10,000 1,536 8,464  
    LEASE COMMISSIONS - BLDG ONE 4,084 4,084 0  
    LEASE COMMISSIONS - BLDG THREE 5,496 5,496 0  
    LEASE COMMISSIONS - BLDG THREE 11,832 11,126 706  
    LEASE COMMISSIONS - BLDG ONE 700 700 0  
    LEASE COMMISSIONS - BLDG ONE 4,084 4,084 0  
    REPLAT 3,000 0 3,000  
    TENANT FINISH - BLDG #2 1,875 308 1,567  
    MAILBOXES 1,897 1,739 158  
    A-MARK SIGNS 2,483 2,278 205  
    LANDSCAPING 8,843 0 8,843  
    TF - BLD 1 BOATZ KNUSEN 14,500 2,139 12,361  
    TF - BLD 3 INFO PROS 17,436 2,645 14,791  
    TF - BLD 3 CDF 101 13,559 2,030 11,529  
    TF - BLD 3 SPEC 1 111 35,171 5,262 29,909  
    TF - BLD 3 SPEC 2 120 24,774 3,757 21,017  
    TF - BLD 3 SPEC 2 120 9,416 1,406 8,010  
    TF - BLD 3 ISAAC FIN 2 121 8,463 1,266 7,197  
    TF - BLD 3 MANAGE 200 153,487 23,288 130,199  
    TF - BLD 3 MANAGE 200 187,655 28,070 159,585  
    TF - BLD 3 MANAGE 200 9,476 1,397 8,079  
    TF - BLD 3 OTHER 74,259 11,265 62,994  
    LEASE COMMISSIONS - BLDG ONE 4,070 4,070 0  
    LEASE COMMISSIONS - BLDG ONE 14,700 14,700 0  
    LEASE COMMISSIONS - BLDG THREE 29,516 29,516 0  
    LEASE COMMISSIONS - BLDG ONE 501 501 0  
    LEASE COMMISSIONS - BLDG ONE 2,617 2,617 0  
    LEASE COMMISSIONS - BLDG THREE 4,554 4,554 0  
    LEASE COMMISSIONS - BLDG THREE 4,554 4,554 0  
    LEASE COMMISSIONS - BLDG TWO 2,499 2,499 0  
    TITLE INSURANCE - CLOSING FEES 4,236 1,767 2,469  
    LOAN EXTENSION FEES 14,575 4,192 10,383  
    APPRAISAL FEES 6,500 1,869 4,631  
    TITLE INSURANCE - CLOSING FEES 1,636 471 1,165  
    TF - BLD 3 WOOD DOORS 37,000 32,046 4,954  
    TF - BLD 3 STOREFRONTS 5,500 4,764 736  
    TF - BLD 3 MIRRORS 700 606 94  
    TF - BLD 3 RESILIENT FLOORING 825 715 110  
    TF - BLD 3 CERAMIC TILE 7,624 6,603 1,021  
    TF - BLD 3 CARPET 30,000 25,984 4,016  
    TF - BLD 3 CABINETS 3,800 3,292 508  
    TF - BLD 3 COUNTERTOPS 3,500 3,031 469  
    TF - BLD 3 TOILET ACCESSORIES 1,000 866 134  
    TF - BLD 3 FIRE EXTINGUISHERS 800 693 107  
    TF - BLD 3 KITCHEN APPLIANCES 3,400 2,945 455  
    TENANT FINISH - BLDG #2 3,582 448 3,134  
    TENANT FINISH - BLDG #2 4,654 521 4,133  
    LEASE COMMISSION - CHURCH COMM BLDRS 12,164 12,164 0  
    LOAN EXTENSION FEES 15,751 3,743 12,008  
    LEASE COMMISSION - WATERBROOK 70,000 56,000 14,000  
    LEASE COMMISSION - RESERVE NATIONAL INSURANCE 5,362 4,766 596  
    APPRAISAL FEES 7,500 1,292 6,208  
    LEASE COMMISSION - WATERBROOK 24,208 12,912 11,296  
    LEASE COMMISSION - CHERWELL SOFTWARE 6,912 6,912 0  
    LEASE COMMISSION - CHERWELL SOFTWARE 3,297 3,297 0  
    LEASE COMMISSION - AMERICAN LIBERTY 609 609 0  
    LEASE COMMISSION - CENDERA FUNDING 1,925 1,925 0  
    LEASE COMMISSION - EDWARD JONES 2,489 899 1,590  
    LEASE COMMISSION - INF PRO 840 840 0  
    LEASE COMMISSION - FINACIAL SERVICES 3,429 1,143 2,286  
    LEASE COMMISSION - INF PRO 8,922 2,379 6,543  
    LEASE COMMISSION - CHERWELL STE 105 2,352 1,764 588  
    LEASE COMMISSION - CHERWELL STE 105 2,352 1,764 588  
    LEASE COMMISSION - MBS 15,548 2,591 12,957  
    LEASE COMMISSION - RESERVE NATIONAL INSURANCE 3,024 336 2,688  
    LEASE COMMISSION - CHERWELL STE 205 1,961 981 980  
    LEASE COMMISSION - INF PRO 3,016 335 2,681  
    TENANT FINISH - STE 205 9,510 102 9,408  
    LEASE COMMISSION - CHERWELL STE 200 6,267 4,700 1,567  
    LEASE COMMISSION - CHERWELL STE 340 1,185 889 296  
    LEASE COMMISSION - CHERWELL STE 330 7,898 5,924 1,974  
    APPRAISAL FEES 4,500 225 4,275  
    HEAT TAPE - BLDG #1 7,086 106 6,980  
    TENANT FINISH - STE 300 23,010 443 22,567  
    SNOW GUARDS - BLDG #1 6,994 105 6,889  
    HEAT TAPE - BLDG #2 6,014 90 5,924  
    HVAC ZONING SYSTEM 5,525 12 5,513  

    TY 2013 MortgagesAndNotesPayableSch
    Name:
    NC FOUNDATION
    EIN: 84-1550507
    Total Mortgage Amount: 6403690

    Item No. 1
    Lender's Name TIER ONE BANK 1041
    Lender's Title  
    Relationship to Insider N/A
    Original Amount of Loan 4850000
    Balance Due 3786119
    Date of Note 2007-04
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower REAL ESTATE
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  

    Item No. 2
    Lender's Name TIER ONE BANK 1379
    Lender's Title  
    Relationship to Insider N/A
    Original Amount of Loan 2650000
    Balance Due 2617571
    Date of Note 2007-06
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower REAL ESTATE
    Purpose of Loan CONSTRUCTION
    Description of Lender Consideration  
    Consideration FMV  


    TY 2013 OtherAssetsSchedule
    Name:
    NC FOUNDATION
    EIN: 84-1550507
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    TAX ESCROW DEPOSIT 25,299 8,377 8,377


    TY 2013 OtherExpensesSchedule
    Name:
    NC FOUNDATION
    EIN: 84-1550507
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE COSTS 112 59   0
    BANK SERVICE FEES 1,576 836   0
    BUILDING SERVICE 10,226 5,426   0
    DUES 2,997 1,590   0
    GROUND MAINTENANCE 10,084 5,351   0
    LOSS ON SALE OF ASSETS 1,994 1,058   0
    MAINTENANCE & REPAIR 18,009 9,556   0
    MILEAGE 313 166   0
    PROPERTY MANAGEMENT FEES 20,895 11,087   0
    SUPPLIES 3,505 1,860   0
    UTILITIES 36,818 19,536   0
    ADMINISTRATIVE COSTS 154 82   0
    BANK SERVICE FEES 2,181 1,157   0
    BUILDING SERVICE 14,141 7,503   0
    DUES 4,144 2,199   0
    GROUND MAINTENANCE 13,945 7,399   0
    MAINTENANCE & REPAIR 24,905 13,215   0
    MILEAGE 432 229   0
    LOSS ON SALE OF ASSETS 1,994 1,058   0
    PROPERTY MANAGEMENT FEES 28,309 15,021   0
    SUPPLIES 4,850 2,573   0
    UTILITIES 23,147 12,282   0
    ADMINISTRATIVE COSTS 94 50   0
    BANK SERVICE FEES 1,325 703   0
    BUILDING SERVICE 8,596 4,561   0
    DUES 2,519 1,337   0
    GROUND MAINTENANCE 8,476 4,497   0
    MAINTENANCE & REPAIR 15,138 8,032   0
    MILEAGE 263 140   0
    PROPERTY MANAGEMENT FEES 18,199 9,656   0
    SUPPLIES 2,951 1,566   0
    UTILITIES 34,586 18,351   0
    AMORTIZATION 57,581 30,554   0


    TY 2013 OtherLiabilitiesSchedule
    Name:
    NC FOUNDATION
    EIN: 84-1550507
    Description Beginning of Year - Book Value End of Year - Book Value
    SECURITY DEPOSITS 44,216 32,900
    DUE TO NICKY CRUZ OUTREACH 538,764 568,764
    N/P - CASCADE FUNDING 13,861 8,235


    TY 2013 TaxesSchedule
    Name:
    NC FOUNDATION
    EIN: 84-1550507
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 12,088 0   0
    REAL ESTATE TAXES 31,404 16,663   0
    REAL ESTATE TAXES 43,431 23,044   0
    REAL ESTATE TAXES 26,398 14,007   0