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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 04-01-2015 , and ending 03-31-2016
Name of foundation
ELIZABETH J TELLIER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1000 NORTH WATER STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI53202
A Employer identification number

39-1777930
B Telephone number (see instructions)

(414) 347-7089
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,685,399J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 1,609 1,609  
4 Dividends and interest from securities... 79,769 79,769  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 23,596
b Gross sales price for all assets on line 6a 810,766
7 Capital gain net income (from Part IV, line 2)... 23,596
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 3,892 3,892  
12 Total. Add lines 1 through 11........ 108,866 108,866  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,766 1,255   2,511
b Accounting fees (attach schedule)....... Click to see attachment 2,690 897   1,793
c Other professional fees (attach schedule).... Click to see attachment 11,000 11,000    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,718 133    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,174 13,285   4,304
25 Contributions, gifts, grants paid....... 220,000 220,000
26 Total expenses and disbursements. Add lines 24 and 25 246,174 13,285   224,304
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -137,308
b Net investment income (if negative, enter -0-) 95,581
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 484,553 1,022,723 1,022,723
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)....... 2,332,708 Click to see attachment1,724,938 2,323,753
c Investments—corporate bonds (attach schedule)....... 176,250 Click to see attachment149,913 151,554
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 155,333 Click to see attachment113,962 187,369
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) 3,148,844 3,011,536 3,685,399
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 3,148,844 3,011,536
30 Total net assets or fund balances (see instructions)..... 3,148,844 3,011,536
31 Total liabilities and net assets/fund balances (see instructions). 3,148,844 3,011,536
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
3,148,844
2
Enter amount from Part I, line 27a .....................
2
-137,308
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,011,536
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,011,536
Form 990-PF (2015)
Form 990-PF (2015)
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 PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 810,766 0 787,170 23,596
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a 0 0 0 23,596
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 23,596
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))
2014 266,726 3,824,302 0.069745
2013 219,774 3,661,895 0.060016
2012 194,488 3,339,297 0.058242
2011 199,087 3,188,581 0.062437
2010 140,118 3,094,286 0.045283
2
Total of line 1, column (d) .....................
20.295723
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
0.059145
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
3,680,354
5
Multiply line 4 by line 3......................
5
217,675
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
956
7
Add lines 5 and 6........................
7
218,631
8
Enter qualifying distributions from Part XII, line 4.............
8
224,304
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 956
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........................... 3 956
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- ..... 5 956
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,600
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment: -5600 7 5,600
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 4,644
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,644 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)
    bulletWI
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 ofbulletARNOW & ASSOCIATES Telephone no.bullet (414) 964-4000

    Located atbullet3966 NORTH LAKE DRIVESHOREWOODWI ZIP+4bullet53211
    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 2015, 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  
    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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 (2015)
    Form 990-PF (2015)
    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
    ROBERT W CHERNOW PRESIDENT/DIRECTOR
    4.50     		0 0 0
    1000 NORTH WATER STREET
    MILWAUKEE,WI53202
    JOHN C DOWD TREASURER/DIRECTOR
    0.50     		3,766 0 0
    7240 NORTH RIVER ROAD
    RIVER HILLS,WI53217
    JO ELLEN CHERNOW DIRECTOR
    0.10     		0 0 0
    2431 NORTH ALBANY AVENUE 1N
    CHICAGO,IL60647
    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  
    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  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    2,894,727
    b
    Average of monthly cash balances.......................
    1b
    841,673
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,736,400
    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
    3,736,400
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    56,046
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,680,354
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    184,018
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    184,018
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    956
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    956
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    183,062
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    183,062
    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
    183,062
    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
    224,304
    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
    224,304
    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
    956
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    223,348
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 183,062
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011...... 41,188
    c From 2012...... 31,449
    d From 2013...... 41,861
    e From 2014...... 86,681
    fTotal of lines 3a through e........ 201,179
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 224,304
    a Applied to 2014, 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 2015 distributable amount..... 183,062
    e Remaining amount distributed out of corpus 41,242
    5 Excess distributions carryover applied to 2015.    
    (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 5 242,421
    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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. 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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		242,421
    10 Analysis of line 9:
    a Excess from 2011.... 41,188
    b Excess from 2012.... 31,449
    c Excess from 2013.... 41,861
    d Excess from 2014.... 86,681
    e Excess from 2015.... 41,242
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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).)
    NONE
    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 (2015)
    Form 990-PF (2015)
    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
    WDA FOUNDATION
    6737 W WASHINGTON ST STE 2360
    MILWAUKEE,WI53214     		  PUBLIC MISSION OFSUPPORT FORMERCY PROJECT 15,000
    CUREAIDS FOUNDATION INC
    7240 NORTH RIVER ROAD
    RIVER HILLS,WI53217     		  PUBLIC WATER PROJECTSUPPORT FOR 15,000
    GRAND AVENUE CLUB
    210 EAST MICHIGAN AVENUE
    MILWAUKEE,WI53202     		  PUBLIC MENTAL HEALTHSUPPORT FOREMPLOYMENT PROGRAM 15,000
    THREE HOLY WOMEN CHURCH
    1716 N HUMBOLDT AVENUE
    MILWAUKEE,WI53202     		  PUBLIC AND HOMELESSSUPPORT FOR ELDERLYOUTREACH PROGRAM 15,000
    GERMAN SHEPHERD RESCUE ALLIANCE
    PO BOX 7354
    MADISON,WI53707     		  PUBLIC AND NEUTER PROGRAMSUPPORT FOR SPAY 3,000
    BICHON & LITTLE BUDDIES RESCUE
    828 PERKINS DRIVE
    MUKWONAGO,WI53149     		  PUBLIC AND NEUTER PROGRAMSUPPORT FOR SPAY 3,000
    ELMBROOK HUMANE SOCIETY
    20950 ENTERPRISE AVENUE
    BROOKFIELD,WI53045     		  PUBLIC AND NEUTER PROGRAMSUPPORT FOR SPAY 3,000
    FOR CAT'S SAKE
    PO BOX 341246
    WEST MILWAUKEE,WI53234     		  PUBLIC AND NEUTER PROGRAMSUPPORT FOR SPAY 3,000
    HAPPY ENDINGS
    5349 WEST FOREST HOME AVENUE
    MILWAUKEE,WI53220     		  PUBLIC AND NEUTER PROGRAMSUPPORT FOR SPAY 3,000
    DISABILITY RIGHTS WISCONSIN
    6737 W WASHINGTON ST STE 3230
    MILWAUKEE,WI53214     		  PUBLIC TRAINING PROJECTSUPPORT FOR 30,000
    YWCA SOUTHEAST WISCONSIN
    11311 W HOWARD AVENUE
    MILWAUKEE,WI53228     		  PUBLIC TRANSITIONALSUPPORT FORJOBS PROGRAM 15,000
    META HOUSE
    2625 N WEIL STREET
    MILWAUKEE,WI53212     		  PUBLIC TREATMENTSUPPORT FORPROGRAMMING 15,000
    MILWAUKEE PUBLIC LIBRARY
    814 W WISCONSIN AVENUE
    MILWAUKEE,WI53233     		  PUBLIC BRAINFUSE TUTORSUPPORT FORPROGRAM 21,500
    RUNNING REBELS
    1300 W FOND DU LAC AVENUE
    MILWAUKEE,WI53205     		  PUBLIC OUTREACHSUPPORT FORPROGRAM 15,000
    MEAD PUBLIC LIBRARY
    710 N 8TH STREET
    SHEBOYGAN,WI53081     		  PUBLIC BRAINFUSESUPPORT FOREXPANSION 5,000
    JEWISH FAMILY SERVICES
    1300 N JACKSON STREET
    MILWAUKEE,WI53202     		  PUBLIC ELDERLY MEDICATIONSUPPORT FORCHECK PROGRAM 7,500
    SAINTA
    8901 W CAPITOL DRIVE
    MILWAUKEE,WI53222     		  PUBLIC OUT OF FOSTER CARESUPPORT FOR AGINGPROGRAM 20,000
    MY HOME YOUR HOME
    6200 W CENTER STREET
    MILWAUKEE,WI53210     		  PUBLIC LISSY'S PLACESUPPORT FOR 1,000
    PATHFINDERS
    1614 E KANE PLACE
    MILWAUKEE,WI53202     		  PUBLIC TRANSPORTATIONSUPPORT FORPROGRAM 15,000
    Total .................................bullet 3a 220,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		    14 1,609  
    4 Dividends and interest from securities....     14 79,769  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 23,596  
    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)..   104,974  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13104,974
    (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 (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -5,600


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    ELIZABETH J TELLIER FOUNDATION INC
    EIN:
    39-1777930
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ARNOW & ASSOCIATES ACCOUNTING AND TAX PREP 2,690 897   1,793

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    ELIZABETH J TELLIER FOUNDATION INC
    EIN:
    39-1777930
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PUBLICLY TRADED SECURITIES   Purchased     810,766 787,170     23,596  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    ELIZABETH J TELLIER FOUNDATION INC
    EIN:
    39-1777930
    Name of Bond End of Year Book Value End of Year Fair Market Value
    2000 SHARES AMTRUST FINANCIAL SERVICES INC 50,193 49,560
    2000 SHARES PS BUSINESS PARKS INC-PREFERRED 50,000 51,600
    SUNOCO INC 5.75% 49,720 50,394

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    ELIZABETH J TELLIER FOUNDATION INC
    EIN:
    39-1777930
    Name of Stock End of Year Book Value End of Year Fair Market Value
    300 SHARES ALIBABA GROUP HOLDING LTD 26,929 23,709
    2000 SHARES ASSOCIATED BANC CORP 37,929 35,880
    1800 SHARES AT&T INC 52,251 70,506
    1500 SHARES BADGER METER INC 14,756 99,765
    550 SHARES BAXALTA INCORPORATED 18,191 22,220
    550 SHARES BAXTER INTERNATIONAL INC 22,410 22,594
    1500 SHARES BERKLEY WR CORPORATION 40,804 84,300
    800 SHARES BUNGE LTD 67,248 45,336
    100 SHARES CABLE ONE INC 44,042 43,713
    850 SHARES CANADIAN NATIONAL RAILWAY 49,594 53,091
    350 SHARES CAPITAL ONE FINANCIAL CORP 24,370 24,259
    800 SHARES CHURCH & DWIGHT CO INC 27,853 73,744
    450 SHARES CVS HEALTH CORPORATION 41,081 46,678
    650 SHARES DOW CHEMICAL CO 19,244 33,059
    400 SHARES ECOLAB INC 20,400 44,608
    1200 SHARES ELI LILLY & CO 46,516 86,412
    400 SHARES ENERGIZER HOLDINGS INC 8,771 16,204
    3300 SHARES ENNIS INC 50,926 64,515
    3000 SHARES FORD MOTOR CO 45,072 40,500
    1025 SHARES FREEPORT MCMORAN COPPER & GOLD INC 40,394 10,599
    1000 SHARES GILEAD SCIENCES INC 22,550 91,860
    1350 SHARES GUGGENHEIM S&P GLOBAL WATER 40,596 37,935
    1000 SHARES HARRIS & HARRIS GROUP INC 44,261 19,800
    6727.95 SHARES HENDERSON EUROPEAN FOCUS FUND 142,652 215,967
    1000 SHARES HERSHEY COMPANY 21,677 46,045
    700 SHARES ISHARES INDIA 50 22,557 18,830
    850 SHARES JOHN WILEY & SONS INC 49,377 41,557
    1000 SHARES JUNIPER NETWORKS 23,837 25,510
    625 SHARES LOWES COMPANIES INC 40,360 47,344
    600 SHARES MANPOWER GROUP 41,410 48,852
    750 SHARES MICROSOFT CORP 24,990 41,423
    2400 SHARES MIDDLESEX WATER CO 49,585 74,040
    400 SHARES NATIONAL BEVERAGE CORP 15,841 16,928
    800 SHARES NEOGEN CORPORATION 9,061 40,280
    1000 SHARES NUCOR CORP 52,155 47,300
    1400 SHARES ORACLE CORP 45,006 57,274
    1500 SHARES PITNEY BOWES INC 41,888 32,310
    1500 SHARES REPUBLIC SERVICES INC 40,787 71,475
    900 SHARES SYSCO CORPORATION 30,484 42,057
    1100 SHARES T MOBILE US INC 30,385 42,130
    1500 SHARES UNION BANKSHARES INC 36,403 42,855
    350 SHARES UNITED TECHNOLOGIES CORP 39,658 35,035
    500 SHARES WATSCO INC 25,410 67,370
    1000 SHARES WEC ENERGY GROUP 48,491 60,070
    1000 SHARES WELLS FARGO & CO 41,603 48,360
    1400 SHARES WESTAR ENERGY INC 45,133 69,454

    TY 2015 InvestmentsOtherSchedule2
    Name:
    ELIZABETH J TELLIER FOUNDATION INC
    EIN:
    39-1777930
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    2000 SHARES DIGITAL REALTY TRUST INC   50,555 55,500
    275 SHARES PUBLIC STORAGE INC   20,242 75,853
    900 SHARES WP CAREY INC   43,165 56,016

    TY 2015 LegalFeesSchedule
    Name:
    ELIZABETH J TELLIER FOUNDATION INC
    EIN:
    39-1777930
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JOHN C. DOWD CONSULTING/COMPLIANCE 3,766 1,255   2,511


    TY 2015 OtherIncomeSchedule2
    Name:
    ELIZABETH J TELLIER FOUNDATION INC
    EIN:
    39-1777930
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LITIGATION SETTLEMENTS 3,892 3,892  


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    ELIZABETH J TELLIER FOUNDATION INC
    EIN:
    39-1777930
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BACKOFF FINANCIAL SERVICES INVESTMENT MANAGEMENT 11,000 11,000    


    TY 2015 TaxesSchedule
    Name:
    ELIZABETH J TELLIER FOUNDATION INC
    EIN:
    39-1777930
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 133 133    
    2014 BALANCE DUE 2,985      
    2015 ESTIMATED PAYMENT 5,600