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
FIRSTFRUITS FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)P O Box 510   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Challis, ID83226
A Employer identification number

59-6867913
B Telephone number (see instructions)

(208) 879-2729
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,371,010J 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).............. 30,000
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 126 126 126
4 Dividends and interest from securities...... 354,911 354,911 354,911
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 6,674   6,674
12 Total. Add lines 1 through 11........ 391,711 355,037 361,711
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 119,311   119,311  
15 Pension plans, employee benefits....... 8,156   8,156  
16a Legal fees (attach schedule)......... 5,601   5,601  
b Accounting fees (attach schedule)....... 1,783   1,783  
c Other professional fees (attach schedule).... 5,440     5,440
17 Interest............... 105   105  
18 Taxes (attach schedule) (see instructions)... Click to see attachment 32,262   31,455 807
19 Depreciation (attach schedule) and depletion... Click to see attachment 161,372    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 101,178   84,920 12,497
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 435,208 0 251,331 18,744
25 Contributions, gifts, grants paid........ 239,622 0
26 Total expenses and disbursements. Add lines 24 and 25 674,830 0 251,331 18,744
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -283,119
b Net investment income (if negative, enter -0-) 355,037
c Adjusted net income (if negative, enter -0-)... 110,380
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............... 340,059 3,129 3,129
2 Savings and temporary cash investments.......... 2,501,328 1,544,541 1,544,541
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)........ 2,123,232 Click to see attachment1,335,000 1,236,005
11 Investments—land, buildings, and equipment: basis bullet8,542,031
Less: accumulated depreciation (attach schedule) bullet4,668,354 2,876,162 Click to see attachment3,873,677 3,873,677
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 73,645 Click to see attachment2,424,502 2,713,658
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) 7,914,426 9,180,849 9,371,010
Liabilities 17 Accounts payable and accrued expenses..........   21,179
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) Click to see attachment0 Click to see attachment210,427
23 Total liabilities (add lines 17 through 22)..........   231,606
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 7,914,426 8,949,243
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)...... 7,914,426 8,949,243
31 Total liabilities and net assets/fund balances (see instructions).. 7,914,426 9,180,849
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 7,914,426
2 Enter amount from Part I, line 27a..................... 2 -283,119
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,478,217
4 Add lines 1, 2, and 3.......................... 4 9,109,524
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 160,281
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 8,949,243
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 300K Canadian Gov. Bnds P 2012-10-31 2014-08-04
b 200K UK Treasury Bnds P 2012-11-02 2014-03-07
c 300K Australian Gov. Bnds P 2012-10-31 2014-06-15
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 274,600 0 305,725 -31,125
b 334,766 0 330,045 4,721
c 281,880 0 330,380 -48,500
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a 0 0 0 -31,125
b 0 0 0 4,721
c 0 0 0 -48,500
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -74,904
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 287,560 7,407,784 0.038819
2012 368,612 4,942,073 0.074587
2011 242,582 167,209 1.450771
2010 123,114 265,331 0.464002
2009 185,844 202,809 0.916350
2 Total of line 1, column (d) ...................... 2 2.944529
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 0.588906
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 3,890,750
5 Multiply line 4 by line 3....................... 5 2,291,286
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 3,550
7 Add lines 5 and 6......................... 7 2,294,836
8 Enter qualifying distributions from Part XII, line 4.............. 8 18,744
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2014)
Form 990-PF (2014)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 7,101
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 7,101
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 7,101
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 6,159
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 6159 7 6,159
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 9 942
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 taxBullet0 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)
    bullet
    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
    Yes
     
    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
    Yes
     
    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 ofbulletCHRISTOPHER JAMES Telephone no.bullet (208) 879-2729
    Located atbulletP O Box 510CHALLISID ZIP+4bullet83226
    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
    CHRISTOPHER JAMES Co-Trustee
    25.00     		0 0 0
    P O Box 510
    CHALLIS,ID83226
    DEBRA E JAMES Co-Trustee
    20.00     		0 0 0
    P O Box 510
    CHALLIS,ID83226
    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 OPERATING A RELIGIOUS CAMPING RETREAT 18,744
    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.........................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
    1,400,000
    b
    Average of monthly cash balances.......................
    1b
    1,900,000
    c
    Fair market value of all other assets (see instructions)................
    1c
    650,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,950,000
    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
    3,950,000
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    59,250
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,890,750
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    194,538
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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
    18,744
    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
    18,744
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    18,744
    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 0
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009....... 267,866
    b From 2010.......  
    c From 2011.......  
    d From 2012....... 368,612
    e From 2013....... 287,560
    fTotal of lines 3a through e......... 924,038
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 18,744
    a Applied to 2013, but not more than line 2a  
    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.....  
    e Remaining amount distributed out of corpus 18,744
    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 5 942,782
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		267,866
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		674,916
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012.... 368,612
    d Excess from 2013.... 287,560
    e Excess from 2014.... 18,744
    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
    1993-09-29
    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
    110,380 1,189 247,104 2,602 361,275
    b 85% of line 2a ......... 93,823 1,011 210,038 2,212 307,084
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		18,744 287,560 368,612 246,255 921,171
    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 ....     		18,744 287,560 368,612 246,255 921,171
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 9,371,010 10,128,938 9,780,928 2,363,929 31,644,805
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 9,371,010 10,128,938 9,780,928 2,363,929 31,644,805
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		194,538 370,389 261,652 2,602 829,181
    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) ....     		30,000 994,971 9,783,700 388,770 11,197,441
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income 355,037 1,294,011 9,740,465 367,285 11,756,798
    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).)
    CHRISTOPHER JAMES
    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.
    NONE
    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
    SEED INTERNATIONAL
    10101 Staples Mill Road
    Glen Allen,VA23060     		  A Operating Expenses 5,000
    FLINT NET
    P O Box 113
    Missoula,MT59806     		  A Operating Expenses 2,400
    CARTER PHILLIPS MINISTRIES
    P O Box 383
    Henderson,KY42419     		  A Operating Expenses 2,400
    YWAM
    P O Box 60579
    Colorado Springs,CO80960     		  A Operating Expenses 0
    WINGS OF VICTORY INT'L
    P O Box 510
    Challis,ID83226     		  A Operating Expenses 0
    DOUG STANTON MINISTRIES
    4947 West Broadway Avenue
    Crystal,MN55429     		  A Operating Expenses 0
    IMC NEWS
    P O Box 1829
    Boise,ID83701     		  A OperatingReimbursementExpenses 900
    LIVING WATERS RANCH
    3599 Graden Creek Road
    Challis,ID83226     		  A Operating Expenses 219,837
    CHRISTIE MOORE MINISTRIES
    932 Crestview Road
    Hazelton,ID83335     		  A Operating Expenses 500
    MISC
    P O Box 510
    Challis,ID83226     		  A Operating Expenses 165
    ABE EFFIE ABRAM
    5308 South 44th Place
    Rogers,AK72758     		NONE A Need 1,600
    CECIL FISHER
    P O Box 102
    Challis,ID83226     		NONE A Need 600
    JOYCE ALLISON
    P O Box 1145
    Challis,ID83226     		NONE A Need 600
    BETTY HASBROUCK
    6003 NE 102nd Ave Apt 11
    Vancouver,WA98662     		NONE A Need 800
    LARRY HALSTEAD
    715 South Trunnel Avenue
    Meridian,ID83642     		NONE A Need 300
    MISC
    P O Box 510
    Challis ID,ID83226     		ONE A Need 4,520
    Total .................................bullet 3a 239,622
    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 ............     		900099 126 14    
    4 Dividends and interest from securities.... 900099 354,911 14    
    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 .............     		         
    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).. 355,037    
    13Total. Add line 12, columns (b), (d), and (e)..................
    13355,037
    (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:  
    Part VI Line 7 - Tax Paid with the Original Return: 6,159


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    FIRSTFRUITS FOUNDATION
     
    Employer identification number

    59-6867913
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    FIRSTFRUITS FOUNDATION
          		Employer identification number

    59-6867913
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    CHRISTOPHER W JAMES  
    P O Box 510
     
    Challis, ID83226

    		$30,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    FIRSTFRUITS FOUNDATION
          		Employer identification number

    59-6867913
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    FIRSTFRUITS FOUNDATION
          		Employer identification number

    59-6867913
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2014 DepreciationSchedule
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING IMPROVEMENTS 2013-06-01 1,007,962 13,999 SL 39.00 25,845      
    EQUIPMENT 2013-06-01 203,424 14,530 200DB 7.00 24,909      
    OFFICE EQUIPMENT 2013-06-01 1,332 133 200DB 5.00 213      
    COMPUTER SOFTWARE 2013-06-01 162 16 SL 3.00 27      
    WATER EASEMENT RIGHTS 2013-06-01     0 0.00        
    BUILDING IMPROVEMENTS 2014-06-01 1,199,055   SL 39.00 16,654      
    SNACK SHACK 2014-09-01 99,837   SL 39.00 747      
    BUILDING IMPROVEMENTS 2014-11-01 170,275   SL 39.00 546      
    BUILDING IMPROVEMENTS 2014-06-01 4,144   150DB 15.00 104      
    COMPUTERS 2014-06-01 2,646   200DB 5.00 265      
    COMPUTER SOFTWARE 2014-06-01 60   SL 3.00 6      
    GENERATOR 2014-04-12 2,200   200DB 7.00 157      
    SHOWERHOUSE 1991-01-01 3,958 3,261 SL 27.50 153      
    MAINHOUSE 1991-01-01 6,632 5,461 SL 27.50 258      
    TOOL SHED 1991-01-01 244 197 SL 27.50 10      
    BUNKHOUSE 1991-01-01 635 523 SL 27.50 25      
    SHOWERHOUSE 1992-01-01 12,428 9,826 SL 27.50 470      
    MAINHOUSE 1992-01-01 3,073 2,436 SL 27.50 115      
    MAINHOUSE 1993-01-01 42,049 30,310 SL 27.50 1,794      
    MAINHOUSE 1994-01-01 4,468 3,193 SL 27.50 169      
    LODGE 1995-06-01 23,511 15,793 SL 27.50 862      
    LODGE 1996-01-01 110,745 66,610 SL 27.50 4,626      
    SHOP BUILDINGS 1997-01-01 28,448 28,448 200DB 7.00        
    IRRIGATION LINES 1997-01-01 6,726 6,726 150DB 15.00        
    BUILDINGS 1997-06-01 382,810 230,263 SL 27.50 13,921      
    PROPANE TANKS 1997-09-01 24,912 24,912 150DB 15.00        
    MANUFACTURED HOMES 1997-10-01 42,523 42,523 200DB 7.00        
    BUILDINGS 1997-12-01 382,810 222,452 SL 27.50 13,995      
    BUILDING IMPROVEMNT 1998-12-01 1,904,236 1,904,236 150DB 15.00        
    BUILDING IMPROVEMNT 1998-12-01 1,430,934 1,430,934 150DB 15.00        
    EQUIPMNT & FURNITURE 1999-12-03 62,208 62,208 200DB 7.00        
    BUILDING IMPROVEMNT 1999-12-03 73,930 73,930 200DB 7.00        
    PONDEROSA CABIN 2001-09-01 29,645 13,168 SL 27.50 1,083      
    BLDGS 17 & 21 2002-12-18 279,728 112,308 SL 27.50 10,172      
    BUILDING IMPROVEMNT 2003-06-01 118,717 45,509 SL 27.50 4,317      
    BUILDING IMPROVEMNT 2004-09-01 166,153 39,584 SL 39.00 4,260      
    COMMERCIAL PROPERTY 2005-01-01 170,000 17,230 SL 39.00 1,923      
    BUILDING IMPROVEMNT 2008-06-01 103,937 45,637 150DB 15.00 6,137      
    COMPUTER 2012-06-01 3,605 1,875 200DB 5.00 692      
    APPLIANCES & EQUIPMNT 2012-06-01 64,353 27,769 200DB 7.00 10,453      
    TELEPHONE 2012-09-01 530 206 200DB 7.00 93      
    BUILDING 2012-09-01 461,986 15,301 SL 39.00 11,846      

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Name of Bond End of Year Book Value End of Year Fair Market Value
    $100,000 UK TREASURY BONDS 100,000 164,962
    $350,000 AUSTRALIAN GOV. BONDS 350,000 288,607
    $400,000 CANADIAN GOV. BONDS 400,000 344,148
    $200,000 SCOTTISH POWER PLC NOTES 200,000 201,182
    $285,000 AUSTRALIAN GOV. BONDS 285,000 237,106

    TY 2014 InvestmentsLandSchedule2
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    PRIOR YEARS DEPRECIABLE ASSETS 5,850,934 4,570,203 1,280,731  
    BUILDING IMPROVEMENTS-13 1,007,962 39,844 968,118  
    PERSONAL PROPERTIES-13 204,918 39,828 165,090  
    BUILDING IMPROVEMENTS-14 1,473,311 18,051 1,455,260  
    PERSONAL PROPERTIES-14 4,906 428 4,478  

    TY 2014 InvestmentsOtherSchedule2
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    RIVER EAST FINANCIAL SLG Fx Fund   2,347,436 2,636,206
    SWISS FRANC CURRENCY   77,066 77,452

    TY 2014 OtherDecreasesSchedule
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Description Amount
       
       


    TY 2014 OtherExpensesSchedule
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Equipment Rental 10,000     10,000
    Utilities 14,886   14,886  
    Insurance 8,952   8,952  
    Bank Charges 3,761      
    Gas 18,610   18,610  
    Credit Card Expenses 130   130  
    Telephone 607   607  
    Vehicle Expenses 5,611   5,611  
    Dues & Memberships 180   180  
    Library Expense 2,497     2,497
    Repairs & Main 26,361   26,361  
    Painting Expenses 765   765  
    Travel Expenses 3,991   3,991  
    Telephone 1,027   1,027  
    Miscellaneous 3,800   3,800  


    TY 2014 OtherIncomeSchedule2
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    INSURANCE REFUND 636   636
    U S TREASURY REFUND 6,038   6,038


    TY 2014 OtherIncreasesSchedule
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Description Beginning of Year - Book Value End of Year - Book Value
    CARTER PHILLIPS   50,000
    OTHER LOANS   108,690
    JAMES CHARITABLE UNITRUST   30,000
    MISCELLANEOUS REIMBURSEMENTS   21,737
    CARTER PHILLIPS   50,000
    OTHER LOANS   108,690
    JAMES CHARITABLE UNITRUST   30,000
    MISCELLANEOUS REIMBURSEMENTS   21,737


    TY 2014 OtherLiabilitiesSchedule
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Description Beginning of Year - Book Value End of Year - Book Value
    CARTER PHILLIPS   50,000
    OTHER LOANS   108,690
    JAMES CHARITABLE UNITRUST   30,000
    MISCELLANEOUS REIMBURSEMENTS   21,737
    CARTER PHILLIPS   50,000
    OTHER LOANS   108,690
    JAMES CHARITABLE UNITRUST   30,000
    MISCELLANEOUS REIMBURSEMENTS   21,737


    TY 2014 TaxesSchedule
    Name:
    FIRSTFRUITS FOUNDATION
    EIN: 59-6867913
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL EXPENSES 83   83  
    PROPERTY TAX 2,748   2,748  
    EE BACKGROUND CHECKS 922   922  
    FEDERAL TAXES 26,430   26,430  
    PERIODICALS 555   555  
    OFFICE SUPPLIES 717   717  
    GENERAL SUPPLIES 807     807