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
JOHN AND CAROLYN CONN EDUCATIONAL F
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)1211 GOVERNMENT ST   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOBILE, AL36604
A Employer identification number

46-1512209
B Telephone number (see instructions)

(251) 368-3186
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$1,173,767J 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 42,952 42,952 42,952
4 Dividends and interest from securities...... 30,513 30,513 30,513
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -27,266
b Gross sales price for all assets on line 6a 1,585,367
7 Capital gain net income (from Part IV, line 2)...  
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 1,797   1,797
12 Total. Add lines 1 through 11........ 47,996 73,465 75,262
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 906      
b Accounting fees (attach schedule)....... Click to see attachment 13,492      
c Other professional fees (attach schedule).... Click to see attachment 4,634      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,539      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 45,571 0   0
25 Contributions, gifts, grants paid........ 40,000 40,000
26 Total expenses and disbursements. Add lines 24 and 25 85,571 0   40,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -37,575
b Net investment income (if negative, enter -0-) 73,465
c Adjusted net income (if negative, enter -0-)... 75,262
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............... 249,233 106,294 106,294
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........... 2,845    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 710,724 Click to see attachment434,784 409,681
c Investments—corporate bonds (attach schedule)........ 405,785 Click to see attachment688,138 601,682
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........   Click to see attachment101,796 56,110
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,368,587 1,331,012 1,173,767
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 1,311,659 1,311,659
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 56,928 19,353
30 Total net assets or fund balances (see instructions)...... 1,368,587 1,331,012
31 Total liabilities and net assets/fund balances (see instructions).. 1,368,587 1,331,012
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 1,368,587
2 Enter amount from Part I, line 27a..................... 2 -37,575
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 1,331,012
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 1,331,012
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 500 ALLSTATE CORP A P 2013-12-30 2014-02-03
b 800 GECC SR NOTE P 2013-01-22 2014-05-14
c 500 PEABODY ENERGY CORP P 2014-07-25 2014-08-19
d 25000 ARCELORMITTL STP 101539 P 2013-05-31 2014-01-21
e 20000 WILLIAMS COS 3.7 011523 P 2014-01-17 2014-08-04
1000 ALLSTATE CORP C P 2013-09-23 2014-01-22
700 GECC SR NOTE P 2013-07-05 2014-05-14
1000 PITNEY BOWES 2043 P 2013-02-27 2014-06-18
75000 ARCELORMITTL 5.75 080520 P 2013-02-22 2014-01-07
K-1 - ENERGY TRANSFER PARTNERS P 2014-12-01 2014-12-15
275 APPLE INC P 2014-10-15 2014-10-21
1500 GENL ELEC CAP 4.7% P 2013-07-05 2014-10-20
200 PLAINS ALL AMERN PIPELIN P 2014-01-29 2014-02-13
45000 AVON PRODUCTS 5.0 031523 P 2014-07-29 2014-10-08
500 ARES CAPITAL CORP P 2013-11-27 2014-12-23
500 GLADSTONE CAP TERM PFD P 2014-05-14 2014-11-03
2500 PUBLIC STORAGE 1/1000 W P 2014-06-11 2014-07-24
20000 CITI 5.95 PERPTL P 2013-01-30 2014-09-17
1500 BB&T CORP 1/1000 E PRPTL P 2013-08-27 2014-11-17
1000 GOLD RESOURCE CORP P 2013-12-09 2014-03-05
500 RADIANT LOG A PFD PERPTL P 2013-12-13 2014-05-09
30000 CLLIFFS NAT 6.25 100140 P 2014-06-30 2014-09-11
1000 BB&T 1/1000 G 5.2% PFD P 2014-03-19 2014-10-13
500 GOODRICH PETRO 1/1000 D P 2013-08-14 2014-02-20
2000 SANTANDER UNIPERSONL PFD P 2014-01-24 2014-08-12
75000 CLIFFS NATURAL 4.8 100120 P 2014-10-22 2014-11-24
1200 BOSTON PPTYS B PFD 5.25% P 2013-03-18 2014-04-01
400 INTL SHIPHLDG 9.5% A PFD P 2013-07-25 2014-09-10
1000 SEASPAN PFD D P 2014-01-24 2014-08-12
80000 ENERGEN CORP 4.625 090121 P 2014-06-02 2014-10-29
1000 BOSTON PPTYS B PFD 5.25% P 2013-08-19 2014-04-01
250 INTL SHIPHOLDING B PFD P 2013-07-25 2014-09-10
1000 SEASPAN CORP NT 6.375% P 2014-03-27 2014-10-30
55000 NEWMONT MNG 5.875 040135 P 2013-12-13 2014-04-21
500 CALLON PETRO CUML A 10% P 2013-05-22 2014-02-24
200 INTL SHIPHOLDING B PFD P 2014-09-25 2014-10-28
500 SOUTHERN COMPANY P 2013-09-17 2014-04-10
25000 PETROBRAS 6.25 031724 P 2014-03-25 2014-07-30
1000 SH CITIGROUP INC PFD C 5.8% P 2013-08-19 2014-04-04
500 KAYNE ANDERSON MLP INVT P 2014-07-01 2014-08-21
500 SOUTHERN COPPER CORP DEL P 2013-04-17 2014-02-18
50000 PROSPECT CAP 5.875 031523 P 2014-02-28 2014-08-15
500 COWEN GRP INC SR NT P 2014-10-03 2014-12-24
200 LORILLARD INC P 2014-02-26 2014-03-04
500 SOUTHERN COPPER CORP DEL P 2013-02-20 2014-06-13
40000 PRUDENTIAL 5.625 061543 P 2013-08-12 2014-01-08
1000 DB CAP X 7.35% PERP PFD P 2013-02-11 2014-03-17
1000 MFA FINL 7.5% SER B PFD P 2013-04-08 2014-05-12
200 WALGREEN COMPANY P 2014-08-07 2014-11-03
40000 SOUTHERN CPPR 6.75 041640 P 2014-02-18 2014-05-29
150 EXXON MOBIL CORP P 2014-12-10 2014-12-23
500 MFA FINL 7.5% SER B PFD P 2013-09-09 2014-05-12
500 WESTERN MTG OPPTY FD INC P 2014-05-21 2014-10-08
25000 TELECOM ITAL 6.375 111533 P 2013-03-04 2014-01-29
500 FAMC C 6% F/V PFD PERPTL P 2014-06-17 2014-11-14
500 MAIDEN HLDGS NA NOTE P 2013-11-18 2014-10-01
300 ENERGY TRANSFER PTNRS LP P 2014-07-31 2014-09-22
35000 TELECOM ITAL 6.375 111533 P 2013-03-04 2014-02-10
500 GASTAR EXP INC SER B PFD P 2013-10-29 2014-03-31
1500 NEW SOURCE ENERGY P 2014-06-13 2014-07-23
50000 ASSURED GYT VAR 121566 P 2013-10-03 2014-06-13
20000 TRANSOCEAN INC 6.0 031518 P 2014-12-16 2014-12-26
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 10,995   10,715 280
b 18,787   20,000 -1,213
c 7,975   7,660 315
d 24,871   25,630 -759
e 18,821   18,046 775
25,673   25,005 668
16,438   16,945 -507
25,810   25,005 805
79,505   79,136 369
21     21
27,485   22,502 4,983
34,770   36,655 -1,885
10,455   10,120 335
43,752   45,948 -2,196
12,633   13,130 -497
12,450   12,500 -50
53,489   53,639 -150
19,752   20,530 -778
34,949   34,128 821
5,345   5,181 164
12,770   12,500 270
24,896   27,668 -2,772
21,305   21,241 64
12,170   12,500 -330
50,362   56,006 -5,644
47,808   66,334 -18,526
27,795   30,005 -2,210
41,262   43,075 -1,813
26,207   25,375 832
75,596   81,252 -5,656
21,648   21,145 503
25,479   25,000 479
25,195   25,000 195
52,010   48,816 3,194
24,695   23,750 945
20,115   20,621 -506
21,798   21,013 785
26,282   25,666 616
22,916   23,026 -110
20,000   19,928 72
16,060   16,107 -47
52,371   52,000 371
12,560   12,500 60
10,663   9,899 764
13,897   19,461 -5,564
39,116   39,729 -613
25,000   26,037 -1,037
24,053   25,000 -947
12,715   12,414 301
42,184   40,253 1,931
13,847   13,725 122
12,027   11,686 341
11,915   12,209 -294
23,246   24,631 -1,385
12,450   12,500 -50
12,770   12,500 270
17,797   17,245 552
32,721   33,604 -883
12,845   12,500 345
37,628   34,864 2,764
46,221   42,505 3,716
18,996   18,868 128
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       280
b       -1,213
c       315
d       -759
e       775
      668
      -507
      805
      369
      21
      4,983
      -1,885
      335
      -2,196
      -497
      -50
      -150
      -778
      821
      164
      270
      -2,772
      64
      -330
      -5,644
      -18,526
      -2,210
      -1,813
      832
      -5,656
      503
      479
      195
      3,194
      945
      -506
      785
      616
      -110
      72
      -47
      371
      60
      764
      -5,564
      -613
      -1,037
      -947
      301
      1,931
      122
      341
      -294
      -1,385
      -50
      270
      552
      -883
      345
      2,764
      3,716
      128
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 -27,266
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 -7,804
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   1,304,387  
2012   15,434  
2011      
2010      
2009      
2 Total of line 1, column (d) ...................... 2  
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  
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 1,336,421
5 Multiply line 4 by line 3....................... 5  
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 735
7 Add lines 5 and 6......................... 7 735
8 Enter qualifying distributions from Part XII, line 4.............. 8 40,000
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 1 735
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 735
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 735
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 750
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 750
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 17
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAL
    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 ofbulletWALLER CROOK JONES P C Telephone no.bullet (251) 368-3186
    Located atbulletP O DRAWER 920ATMOREAL ZIP+4bullet36504
    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
     
     
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2014?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
     
    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
    CAROLYN HALL CONN DIRECTOR
    0.50     		0 0 0
    641 SOUTH CANOE ROAD
    ATMORE,AL36502
    JAMES W CROOK III DIRECTOR
    0.50     		0 0 0
    P O DRAWER 920
    ATMORE,AL36504
    MANLEY L CUMMINS DIRECTOR
    0.50     		0 0 0
    P O BOX 7980
    SPANISH FORT,AL36577
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,023,952
    b
    Average of monthly cash balances.......................
    1b
    276,711
    c
    Fair market value of all other assets (see instructions)................
    1c
    56,110
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,356,773
    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
    1,356,773
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    20,352
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,336,421
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    66,821
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    66,821
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    735
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    735
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    66,086
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    66,086
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    66,086
    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
    40,000
    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
    40,000
    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
    735
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    39,265
    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 66,086
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 39,820
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 40,000
    a Applied to 2013, but not more than line 2a 39,820
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount..... 180
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		65,906
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    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).)
    CAROLYN H CONN
    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:
    JOHN CAROLYN CONN EDUCATION FD
    P O DRAWER 920
    ATMORE,AL36504
    (251) 368-3186
    bThe form in which applications should be submitted and information and materials they should include:
    NOT AVAILABLE AT THIS TIME
    cAny submission deadlines:
    SET ANNUALLY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SCHOLARSHIP APPLICANTS LIMITED TO STUDENTS LIVING IN RURAL ESCAMBIA COUNTY, FLORIDA AND ESCAMBIA COUNTY, AL
    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
    UNIV OF SO AL-MITCHELL MOULTON SCHO
    300 ALUMNI CIRCLE
    MOBILE,AL366880002     		NONE 501(C)3 SCHOLARSHIPS 40,000
    Total .................................bullet 3a 40,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 42,952  
    4 Dividends and interest from securities....     14 30,513  
    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 -27,266  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aK-1 - ENERGY TRANSFER PARTN     14 -64  
    bK-1 - PLAINS ALL AMERICAN P     14 -39  
    cK-1 - VANGUARD NATURAL RESO     14 565  
    dK-1 - NEW SOURCE ENERGY PAR     14 719  
    eK-1 - ATLAS RESOURCE PARTNE     14 616  
    12 Subtotal. Add columns (b), (d), and (e)..   47,996  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1347,996
    (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:
    JOHN AND CAROLYN CONN EDUCATIONAL F
    FOUNDATION INC
    EIN: 46-1512209
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PREPARE FORM 990-PF 13,492      

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    JOHN AND CAROLYN CONN EDUCATIONAL F
    FOUNDATION INC
    EIN: 46-1512209
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ASSURED GTY US HLDING INC-108000 102,754 95,040
    25000 ARCELORMITTAL SA    
    75000 ARCELORMITTAL    
    20000 CITIGROUP INC    
    20000 COMPASS BANK B'HAM    
    55000 NEWMONT MINING CORP    
    40000 PRUDENTIAL FINANCIAL INC    
    25000 REINSURANCE GRP AMER INC    
    25000 SOUTHERN COPPER CORP    
    60000 TELECOM ITALIA CAPITAL    
    20000 UNITED COMMUNITY BANKS    
    APACHE CORP-25000 SHS 24,615 23,364
    AVON PRODS INC-100000 SHS 103,324 84,606
    CLIFFS NAT RES INC-75000 SHS 69,280 40,688
    COMPASS BANK B'HAM-20000 20,368 19,702
    DYNAGAS LNG PRTNERS LP-40000 40,042 36,800
    ENERGEN CORP-25000 23,394 22,063
    NEWMONT MINING-50000 50,158 46,885
    PETROBRAS GLBL FIN-50000 41,902 40,749
    PETROBRAS GLBL FIN -20000 20,227 19,005
    REINSURANCE GRP AMER INC-25000 26,223 25,563
    TEEKAY OFFSHORE PTRNRS-50000 50,283 46,025
    TRANSOCEAN INC 95,567 81,000
    UNITED CMNTY BANKS INC-20000 20,001 20,192

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    JOHN AND CAROLYN CONN EDUCATIONAL F
    FOUNDATION INC
    EIN: 46-1512209
    Name of Stock End of Year Book Value End of Year Fair Market Value
    600 HAWAIIAN ELECTRIC INDUSTRIES INC    
    5782 CHEVRON CORP    
    500 SOUTHERN COMPANY    
    500 SEASPAN CORP    
    500 RADIANT LOGISTIC INC    
    500 MAIDEN HOLDING NORTH    
    500 GOODRICH PETROLEUM CORP    
    500 GASTAR EXPLORATION USA    
    500 CALLON PETROLEUM CO    
    500 ARES CAOITAL CORP    
    42 KINDER MORGAN INC. DE    
    400 INTERNATL SHIPHOLDING CORP    
    VERIZON COMMUNICATIONS-200 SHS 10,126 9,356
    2911 SHS AT &T    
    266 FIRST ENERGY CORP    
    2600 SOUTHERN CO    
    250 INTERNATL SHIPHOLDING CORP    
    246 COMCAST CORP CLASS A    
    23 HUNTINGTON INGALLS INDS    
    2200 BOSTON PROPERTIES INC    
    2000 SANTANDER FINANCE SA    
    200 AMERICAN ELECTRIC POWER    
    1600 EXXON MOBIL CORP    
    1500 PUBLIC STORAGE DEP    
    1500 MFA FINANCIAL INC    
    1500 JPMORGAN CHASE & CO 36,451 35,550
    1500 GENERAL ELECTRIC CAPITAL    
    1500 GENERAL ELECTRIC CAP    
    ALLSTATE CORP REPSTG-1000SHS 25,005 25,010
    ALLSTATE CORP DEP-500 SHS 13,413 13,165
    1200 NISOURCE INC    
    1200 MCKESSON CORP    
    1000 SOUTHERN COPPER CORP    
    1000 PITNEY BOWES INC    
    1000 MERRILL LYNCH CAPITAL 26,199 25,980
    1000 GOLD RESOURCE CORP    
    1000 DEUTSCHE BANK CAPITAL 25,903 25,550
    1000 CITIGROUP INC DEP    
    1000 BB&T CORP DEP SHS    
    1000 ALLSTATE CORP DEP    
    ASSURED GUARANTY MUNI-1000 25,770 25,340
    AMERICAN CAPITAL MTG INVEST CORP-500 12,500 12,465
    CALLON PETRO COMPANY-1500 SHS 74,020 62,445
    COWEN GROUP INC-500 SHS 12,500 12,975
    GENERAL FINANCE CORP-500SHS 12,500 12,750
    GLADSTONE INVESTMENT-500 SHS 12,500 12,693
    HERCULES TECH GRWTH CAP-1000 SHS 25,447 25,257
    JMP GROUP INC 12,500 12,621
    REGIONS FINANCIAL CORP-1000 SHS 25,201 25,035
    SUNTRUST BANKS INC-500 SHS 12,402 12,006
    AMERICAN CAPITAL SR FLOATING LTD 28,782 24,220
    CONOCOPHILLIPS-300 21,566 20,718
    NOBLE CORP PLC-500 SHS 11,945 8,285
    PROSPECT CAPITAL CORP-1000 SHS 10,054 8,260

    TY 2014 InvestmentsOtherSchedule2
    Name:
    JOHN AND CAROLYN CONN EDUCATIONAL F
    FOUNDATION INC
    EIN: 46-1512209
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ATLAS RESOURCE PTRNS-1000 AT COST 23,220 18,900
    NEW SOURCE ENERGY-2500 AT COST 54,060 18,000
    VANGUARD NATURAL RES LLC-1000 AT COST 24,516 19,210

    TY 2014 LegalFeesSchedule
    Name:
    JOHN AND CAROLYN CONN EDUCATIONAL F
    FOUNDATION INC
    EIN: 46-1512209
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PREPARE OF SCHOLARSHIP LETTERS & 906      


    TY 2014 OtherIncomeSchedule2
    Name:
    JOHN AND CAROLYN CONN EDUCATIONAL F
    FOUNDATION INC
    EIN: 46-1512209
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 - ENERGY TRANSFER PARTNER -64   -64
    K-1 - PLAINS ALL AMERICAN PIP -39   -39
    K-1 - VANGUARD NATURAL RESOUR 565   565
    K-1 - NEW SOURCE ENERGY PARTN 719   719
    K-1 - ATLAS RESOURCE PARTNERS 616   616


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    JOHN AND CAROLYN CONN EDUCATIONAL F
    FOUNDATION INC
    EIN: 46-1512209
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSES 4,634      


    TY 2014 TaxesSchedule
    Name:
    JOHN AND CAROLYN CONN EDUCATIONAL F
    FOUNDATION INC
    EIN: 46-1512209
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 26,539