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
THE HORNER FOUNDATION CO CLIFTONLARSONALLEN LLP
 

Number and street (or P.O. box number if mail is not delivered to street address)610 W GERMANTOWN PIKE NO 400   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PLYMOUTH MEETING, PA19462
A Employer identification number

26-0697610
B Telephone number (see instructions)

(609) 689-9700
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$6,936,377J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach
schedule)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities...... 163,068 163,068  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 226,936
b Gross sales price for all assets on line 6a 469,431
7 Capital gain net income (from Part IV, line 2)... 226,936
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........ 390,004 390,004  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 42,651 0   13,094
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,960 1,480   0
c Other professional fees (attach schedule).... Click to see attachment 11,658 11,658   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,829 2,613   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,000 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,166 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 73,264 15,751   13,094
25 Contributions, gifts, grants paid........ 413,550 413,550
26 Total expenses and disbursements. Add lines 24 and 25 486,814 15,751   426,644
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -96,810
b Net investment income (if negative, enter -0-) 374,253
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............... 107,531    
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 5,585,541 Click to see attachment5,596,262 6,936,377
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) 5,693,072 5,596,262 6,936,377
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 5,693,072 5,596,262
30 Total net assets or fund balances (see instructions)...... 5,693,072 5,596,262
31 Total liabilities and net assets/fund balances (see instructions).. 5,693,072 5,596,262
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 5,693,072
2 Enter amount from Part I, line 27a..................... 2 -96,810
3 Other increases not included in line 2 (itemize) bullet 3 0
4 Add lines 1, 2, and 3.......................... 4 5,596,262
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 5,596,262
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 VANGUARD EXPLORER FUND ADMIRAL 106.207 SH P 2012-12-16 2014-08-21
b VANGUARD SHORT-TERM INVEST-GR ADM 150.543 SH P 2014-01-01 2014-01-27
c VANGUARD SHORT-TERM INVEST-GR ADM 41.358 SH P 2013-09-30 2014-01-27
d VANGUARD SHORT-TERM INVEST-GR ADM 78.181 SH P 2010-11-24 2014-01-27
e VANGUARD SHORT-TERM INVEST-GR ADM 95.886 SH P 2014-01-01 2014-04-28
VANGUARD SHORT-TERM INVEST-GR ADM 178.285 SH P 2010-11-24 2014-04-28
VANGUARD SHORT-TERM INVEST-GR ADM 209.624 SH P 2014-01-01 2014-07-28
VANGUARD SHORT-TERM INVEST-GR ADM 73.453 SH P 2010-11-24 2014-07-28
VANGUARD SHORT-TERM INVEST-GR ADM 162.695 SH P 2010-11-24 2014-10-27
VANGUARD SHORT-TERM INVEST-GR ADM 95.737 SH P 2014-01-01 2014-10-27
VANGUARD STRATEGIC EQUITY FUND 182.268 SH P 2012-12-28 2014-08-21
VANGUARD STRATEGIC EQUITY FUND 856.496 SH P 2013-01-01 2014-08-21
VANGUARD TOTAL INTL STOCK IX ADMIRAL 593.156 SH P 2014-06-23 2014-08-21
VANGUARD TOTAL STOCK IX ADMIRAL 1902.517 SH P 2010-11-18 2014-08-21
VANGUARD TOTAL STOCK MKT IDS ADM 1056.588 SH P 2010-11-22 2014-08-21
VANGUARD TOTAL STOCK MKT IDX ADM 926.686 SH P 2014-01-01 2014-08-21
VANGUARD US GROWTH FUND ADMIRAL 6.234 SH P 2012-12-26 2014-08-21
VANGUARD US GROWTH FUND ADMIRAL 62.649 SH P 2012-12-26 2014-08-20
VANGUARD US GROWTH FUND ADMIRAL 836.898 SH P 2010-11-18 2014-08-21
VANGUARD WINDSOR II FUND ADM 245.981 SH P 2014-01-01 2014-08-21
VANGUARD WINDSOR II FUND ADM 344.610 SH P 2010-12-02 2014-08-21
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 10,300   7,755 2,545
b 1,615   1,617 -2
c 444   444 0
d 839   846 -7
e 1,029   1,029 0
1,913   1,929 -16
2,251   2,255 -4
789   795 -6
1,749   1,760 -11
1,029   1,029 0
6,018   3,833 2,185
28,282   15,258 13,024
17,136   17,261 -125
54,964   48,936 6,028
53,062   31,887 21,175
46,538   34,721 11,817
498   340 158
5,000   3,415 1,585
66,902   38,568 28,334
17,201   13,614 3,587
24,099   15,203 8,896
127,773     127,773
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       2,545
b       -2
c       0
d       -7
e       0
      -16
      -4
      -6
      -11
      0
      2,185
      13,024
      -125
      6,028
      21,175
      11,817
      158
      1,585
      28,334
      3,587
      8,896
      127,773
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 2 226,936
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 411,135 6,640,615 0.061912
2012 354,763 6,204,957 0.057174
2011 464,678 6,096,316 0.076223
2010 229,171 5,351,376 0.042825
2009 280,577 4,535,245 0.061866
2 Total of line 1, column (d) ...................... 2 0.300000
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 0.060000
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 6,921,888
5 Multiply line 4 by line 3....................... 5 415,313
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,743
7 Add lines 5 and 6......................... 7 419,056
8 Enter qualifying distributions from Part XII, line 4.............. 8 426,644
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 3,743
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 3,743
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 3,743
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 4,060
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,060
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 5,317
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet5,317 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 Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletPA
    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 addressbulletWWW.THEHORNERFOUNDATION.ORG
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (609) 689-9700
    Located atbullet610 W GERMANTOWN PIKE NO 400PLYMOUTH MEETINGPA ZIP+4bullet19462
    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
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?........................
    b
    If "Yes," did it have excess business holdings in 2014 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2014.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)..................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.......................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    ANN MARIE HORNER FOUNDING TRUSTEE & BOARD C
    1.00     		0 0 0
    C/O CLIFTONLARSONALLEN LLP 610 W
    GERMANTOWN PIKE
    PLYMOUTH MEETING,PA19462
    TERRY HORNER FOUNDING TRUSTEE
    1.00     		0 0 0
    C/O CLIFTONLARSONALLEN LLP 610 W
    GERMANTOWN PIKE
    PLYMOUTH MEETING,PA19462
    MEGHAN HORNER-SMITH TRUSTEE
    1.00     		0 0 0
    C/O CLIFTONLARSONALLEN LLP 610 W
    GERMANTOWN PIKE
    PLYMOUTH MEETING,PA19462
    CAROLYN HORNER TRUSTEE
    1.00     		0 0 0
    C/O CLIFTONLARSONALLEN LLP 610 W
    GERMANTOWN PIKE
    PLYMOUTH MEETING,PA19462
    DAMON LEVY TRUSTEE
    1.00     		0 0 0
    C/O CLIFTONLARSONALLEN LLP 610 W
    GERMANTOWN PIKE
    PLYMOUTH MEETING,PA19462
    KATHRYN HORNER TRUSTEE
    1.00     		0 0 0
    C/O CLIFTONLARSONALLEN LLP 610 W
    GERMANTOWN PIKE
    PLYMOUTH MEETING,PA19462
    TRACY CULLEN EXECUTIVE DIRECTOR
    20.00     		42,651 0 6,169
    C/O CLIFTONLARSONALLEN LLP 610 W
    GERMANTOWN PIKE
    PLYMOUTH MEETING,PA19462
    GABRIELLE HORNER JUNIOR TRUSTEE
    0.50     		0 0 0
    C/O CLIFTONLARSONALLEN LLP 610 W
    GERMANTOWN PIKE
    PLYMOUTH MEETING,PA19462
    ANDY HORNER-SMITH JUNIOR TRUSTEE
    0.50     		0 0 0
    C/O CLIFTONLARSONALLEN LLP 610 W
    GERMANTOWN PIKE
    PLYMOUTH MEETING,PA19462
    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 (2014)
    Form 990-PF (2014)
    Page 8
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,983,126
    b
    Average of monthly cash balances.......................
    1b
    44,171
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,027,297
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    7,027,297
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    105,409
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,921,888
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    346,094
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    346,094
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    3,743
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,743
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    342,351
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    342,351
    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
    342,351
    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
    426,644
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    426,644
    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
    3,743
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    422,901
    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 7 342,351
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013....... 58,398
    fTotal of lines 3a through e......... 58,398
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 426,644
    a Applied to 2013, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		0
    d Applied to 2014 distributable amount..... 342,351
    e Remaining amount distributed out of corpus 84,293
    5 Excess distributions carryover applied to 2014. 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 5 142,691
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		142,691
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013.... 58,398
    e Excess from 2014.... 84,293
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2014, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2014 (b) 2013 (c) 2012 (d) 2011
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address 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 (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
    AGATSTON URBAN NUTRITION INITIATIVE
    3451 WALNUT STREET STE P-117A
    PHILADELPHIA,PA19104     		NONE EXEMPT MINI GRANT TO PROVIDE 4 WORKSHOPS FOR YOUTH SPORTS PROGRAMS IN PHILADELPHIA 500
    BOYS & GIRLS CLUB OF TRENTON AND MERCER COUNTY
    212 CENTRE STREET
    TRENTON,NJ08611     		NONE EXEMPT GENERAL OPERATING GRANT 2,500
    BROWN UNIVERSITY
    PO BOX 1877
    PROVIDENCE,RI02912     		NONE EXEMPT GENERAL DONATION TO ANNUAL FUND 1,000
    CAMBRIDGESHIRE COMMUNITY FOUNDATION
    UNIT 3 MEADOW LANE ST IVES
    CAMBRIDGESHIRE   PE27 4LG
    UK     		NONE EXEMPT CONTRIBUTE TO A "PASS THROUGH ACCOUNT IN ANDY AND MEGHANN HORNER-SMITH'S NAME TO FUND VARIOUS NOT FOR PROFIT COMMUNITY INITIATIVES IN CAMBRIDGESHIRE COUNTY, UK 5,500
    COMMUNITY INITIATIVES - EDAH BETH EL
    1301 OXFORD STREET
    BERKELEY,CA94709     		NONE EXEMPT SUPPORT SCHOLARSHIPS IN AFTER-SCHOOL PROGRAM 1,000
    COMMUNITY SOCIAL PLANNING COUNCIL
    203-4475 VIEWMONT AVENUE
    VICTORIA,BRITISH COLUMBIAV8Z 6L8
    CA     		NONE EXEMPT IMPLEMENTATION OF THE YOUTH PROGRAM QUALITY INITIATIVE IN GREATER VICTORIA, BC 63,500
    CORNELL UNIVERSITY ATHLETICS AND PHYSICAL EDUCATION CORNELL ANNUAL FUND F
    PO BOX 25842
    LEHIGH VALLEY,PA180039692     		NONE EXEMPT ANNUAL FUND FOR ATHLETICS 500
    ECOLOGY CENTER
    2530 SAN PABLO AVENUE
    BERKELEY,CA94702     		NONE EXEMPT FARM FRESH CHOICE 20,000
    EDIBLE SCHOOLYARD PROJECT
    1517 SHATTUCK AVENUE
    BERKELEY,CA94709     		NONE EXEMPT LEARNING AS WE TEACH; TEACHING AS WE LEARN 10,000
    FORUM FOR YOUTH INVESTMENT
    THE CADY-LEE HOUSE 7064 EASTERN
    AVENUE NW
    WASHINGTON,DC20012     		NONE EXEMPT YOUTH PROGRAM QUALITY INITIATIVE-EXPERT CONTENT AND CONSULTATION 19,380
    FRIENDSHIP WORKS INC
    105 CHAUNCY STREET SUITE 801
    BOSTON,MA02111     		NONE EXEMPT GENERAL OPERATING GRANT 250
    GIRL SCOUTS OF CENTRAL & SOUTHERN NEW JERSEY
    40 BRACE ROAD
    CHERRY HILL,NJ08034     		NONE EXEMPT GENERAL OPERATING GRANT 2,500
    HAAS SCHOOL OF BUSINESS
    2001 ADDISON STREET 1990
    BERKELEY,CA947201990     		NONE EXEMPT DONATION TO SUPPORT STUDENTS APPLYING TO THE BERKELEY FULL-TIME MBA PROGRAM AT THE HAAS SCHOOL OF BUSINESS 500
    LILLYDALE LITERACY PROJECT
    11 ELLIOTT DRIVE
    SIMSBURY,CT06070     		NONE EXEMPT GENERAL OPERATING GRANT 5,000
    MARIN ELEMENTARY SCHOOL CO ALBANY UNIFIED SCHOOL DISTRICT
    1051 MONROE STREET
    ALBANY,CA94706     		NONE EXEMPT SUPPORT PROGRAQMMING AT THIS ELEMENTARY SCHOOL 1,500
    METROLACROSSE INC
    209 GREEN STREET
    JAMAICA PLAIN,MA02130     		NONE EXEMPT GENERAL OPERATING GRANT 250
    NEIGHBOURHOOD BIKE WORKS
    3916 LOCUST WALK
    PHILADELPHIA,PA19104     		NONE EXEMPT YOUTH BICYCLE EDUCATION AND EMPOWERMENT PROGRAM 30,000
    OAKLAND LEAF
    7700 EDGEWATER DRIVE SUITE 818
    OAKLAND,CA94621     		NONE EXEMPT LOVE CULTIVATING SCHOOLYARDS PROGRAM 15,500
    PARTNERSHIP FOR CHILDREN & YOUTH
    1330 BROADWAY SUITE 601
    OAKLAND,CA94612     		NONE EXEMPT YOUTH PROGRAM QUALITY INITIATIVE 5,000
    PEDDIE SCHOOL
    201 SOUTH MAIN ST
    HIGHTSTOWN,NJ08520     		NONE EXEMPT GENERAL OPERATING GRANT 1,000
    PHILADELPHIA CITY ROWING
    450 PLYMOUTH ROAD SUITE 305
    PLYMOUTH MEETING,PA19462     		NONE EXEMPT MIDDLE SCHOOL PROGRAM 15,600
    PHILADELPHIA YOUTH SPORTS COLLABORATIVE
    U OF PENN 3815 WALNUT STREET
    PHILADELPHIA,PA19104     		NONE EXEMPT PHILADELPHIA YOUTH SPORTS COLLABORATIVE 25,000
    PUBLIC PROFIT LLC
    1212 BROADWAY
    OAKLAND,CA94612     		NONE EXEMPT YOUTH PROGRAM QUALITY INITIATIVE 6,750
    ROMSEY MILL CENTER
    HEMINGFORD ROAD
    CAMBRIDGESHIRE   CB1 3BZ
    UK     		NONE EXEMPT MATHS GCSE - ADAPTED 22,815
    RYSE CENTER
    205 41ST STREET
    RICHMOND,CA94805     		NONE EXEMPT YOUTH FOOD JUSTICE PROGRAM 15,000
    SCIENCENTER
    601 FIRST STREET
    ITHACA,NY14850     		NONE EXEMPT GENERAL OPERATING GRANT 41,000
    SQUASH SMARTS INC
    3890 N 10TH STREET
    PHILADELPHIA,PA19140     		NONE EXEMPT FITNESS PROGRAMMING 20,000
    THE STARFINDER FOUNDATION
    4015 MAIN STREET
    PHILADELPHIA,PA19127     		NONE EXEMPT SENIOR LEADERS PROGRAM 35,000
    THRESHOLD STUDIOS
    NEWTON BUILDING ST GEORGES AVENUE
    NORTHAMPTONSHIRE   NN2 6JB
    UK     		NONE   GAME ON PROGRAM 15,365
    UNIVERSITY OF NORTHAMPTONSHIRE
    NEWTON BUILDING ST GEORGES AVENUE
    NORTHAMPTONSHIRE   NN2 6JB
    UK     		NONE   INSPIRING STEM THROUGH VIRTUAL REALITY 10,640
    URBAN ADAMAH
    1050 PARKER STREET
    BERKELEY,CA94710     		NONE EXEMPT CAPITAL CAMPAIGN 6,000
    VICTORIA FOUNDATION
    109 645 FORT STREET
    VICTORIA,BRITISH COLUMBIAV8W 1G2
    CA     		NONE EXEMPT CONTRIBUTE TO A "PASS THROUGH ACCOUNT IN TRACY & JAY CULLEN'S NAME TO FUND VARIOUS NOT FOR PROFIT COMMUNITY INITIATIVES IN GREATER VICTORIA, BC 10,000
    YOUNG PARENTS SUPPORT NETWORK
    2541 EMPIRE STREET
    VICTORIA,BRITISH COLUMBIAV8T 3M3
    CA     		NONE   SUPPORT THE WORK OF THE CHILD & YOUTH HEALTH NETWORK 5,000
    Total .................................bullet 3a 413,550
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		         
    4 Dividends and interest from securities....     14 163,068  
    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 .............     		    14 226,936  
    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).. 0 390,004 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13390,004
    (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:
    THE HORNER FOUNDATION CO CLIFTONLARSONALLEN LLP
    EIN: 26-0697610
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 2,960 1,480   0

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE HORNER FOUNDATION CO CLIFTONLARSONALLEN LLP
    EIN: 26-0697610
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD FMV 5,596,262 6,936,377

    TY 2014 OtherExpensesSchedule
    Name:
    THE HORNER FOUNDATION CO CLIFTONLARSONALLEN LLP
    EIN: 26-0697610
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE EXPENSES 6,166 0   0


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE HORNER FOUNDATION CO CLIFTONLARSONALLEN LLP
    EIN: 26-0697610
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 11,658 11,658   0


    TY 2014 TaxesSchedule
    Name:
    THE HORNER FOUNDATION CO CLIFTONLARSONALLEN LLP
    EIN: 26-0697610
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN 2,613 2,613   0
    FEDERAL 6,216 0   0