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 01-01-2015 , and ending 12-31-2015
Name of foundation
KARL & GEORGIA MARTIN SRANNA BELLE
FLYNN KARL & JUNE MARTIN JR FDN
Number and street (or P.O. box number if mail is not delivered to street address)6307 WATERFORD BLVD STE 160
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OKLAHOMA CITY, OK73118
A Employer identification number

73-1504147
B Telephone number (see instructions)

(405) 840-8401
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$7,088,510J 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 6,282 6,282 6,282
4 Dividends and interest from securities... 117,333 117,333 117,333
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 72,004
b Gross sales price for all assets on line 6a 845,833
7 Capital gain net income (from Part IV, line 2)... 72,004
8 Net short-term capital gain......... 185
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 316,915 316,555 316,915
12 Total. Add lines 1 through 11........ 512,534 512,174 440,715
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 25 25 25  
b Accounting fees (attach schedule)....... Click to see attachment 15,530 15,530 15,530  
c Other professional fees (attach schedule).... Click to see attachment 66,054 66,054 66,054  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,045 14,045 14,045  
19 Depreciation (attach schedule) and depletion... Click to see attachment 39,683 39,683 39,683
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 8,724 8,724 8,724  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 144,061 144,061 144,061 0
25 Contributions, gifts, grants paid....... 368,000 368,000
26 Total expenses and disbursements. Add lines 24 and 25 512,061 144,061 144,061 368,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 473
b Net investment income (if negative, enter -0-) 368,113
c Adjusted net income (if negative, enter -0-)... 296,654
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............. 21,995 8,118 8,118
2 Savings and temporary cash investments......... 385,651 599,452 598,701
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)....... 2,644,618 Click to see attachment2,692,245 3,955,794
c Investments—corporate bonds (attach schedule)....... 1,931,175 Click to see attachment1,723,780 1,678,934
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 524,235 Click to see attachment524,235 846,963
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,507,674 5,547,830 7,088,510
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........ 5,507,674 5,547,830
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)..... 5,507,674 5,547,830
31 Total liabilities and net assets/fund balances (see instructions). 5,507,674 5,547,830
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,507,674
2
Enter amount from Part I, line 27a .....................
2
473
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
39,683
4
Add lines 1, 2, and 3 ..........................
4
5,547,830
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
5,547,830
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 100 - APACHE CORP P 2006-04-25 2015-10-19
b 25 - CHEVRONTEXACO P 2012-09-28 2015-11-18
c 50 - MCDONALDS P 2012-04-24 2015-06-23
d 8.9 - TEMPLETON GLOBAL BOND ADVISOR P 2011-08-15 2015-08-17
e 65.658 - VANGUARD SHORT TERM CORP P 2010-09-17 2015-09-22
65 - VANGUARD CONSUMER DISCRETIONARY P 2013-11-15 2015-11-18
50 - APACHE CORP P 2006-04-25 2015-11-18
404.422 - COLUMBIA ACORN P 2014-04-22 2015-09-22
125 - MCDONALDS P 2011-10-06 2015-06-23
25.209 - TEMPLETON GLOBAL BOND ADVIS P 2013-05-15 2015-08-17
6976.596 - VANGUARD SHORT TERM CORP P 2013-11-15 2015-09-22
725 - COVIDIEN PLC P 2012-12-07 2015-01-28
50 - APPLE COMPUTER P 2012-03-30 2015-09-22
552.181 - COLUMBIA ACORN P 2014-05-22 2015-09-22
175 - MCDONALDS P 2011-10-06 2015-08-17
1207.508 - TEMPLETON GLOBAL BOND ADV P 2010-11-12 2015-08-17
63.255 - VANGUARD SHORT TERM CORP P 2012-05-31 2015-11-18
0.1 - MEDTRONIC PLC P 2015-01-27 2015-02-10
550 - BG GROUP P 2013-06-18 2015-08-17
20.504 - COLUMBIA ACORN P 2014-06-04 2015-09-22
75 - NIKE CLASS B P 2009-02-17 2015-06-23
995.135 - TEMPLETON GLOBAL BOND ADVI P 2010-11-12 2015-09-22
64.076 - VANGUARD SHORT TERM CORP P 2013-09-30 2015-11-18
50 - BG GROUP P 2010-03-24 2015-08-17
329.942 - COLUMBIA ACORN P 2014-08-14 2015-09-22
25 - NIKE CLASS B P 2009-02-17 2015-11-18
8.583 - TEMPLETON GLOBAL BOND ADVISO P 2010-11-15 2015-09-22
68.589 - VANGUARD SHORT TERM CORP P 2013-10-31 2015-11-18
300 - BG GROUP P 2010-03-24 2015-10-19
199.931 - COLUMBIA ACORN P 2014-12-09 2015-09-22
25000 - PEPSICO P 2011-03-24 2015-01-15
8.778 - TEMPLETON GLOBAL BOND ADVISO P 2011-01-18 2015-09-22
24532.249 - VANGUARD SHORT TERM CORP P 2013-11-15 2015-11-18
200 - BG GROUP P 2010-03-24 2015-11-18
25 - WALT DISNEY P 2012-04-24 2015-11-18
25000 - ROYAL BK OF SCOTLAND P 2012-02-03 2015-09-21
8.769 - TEMPLETON GLOBAL BOND ADVISO P 2011-02-15 2015-09-22
125.446 - VANGUARD SHORT TERM CORP P 2013-12-17 2015-11-18
30000 - BMW BANK NA P 2013-12-03 2015-11-16
75 - EXXON MOBILE P 2004-07-23 2015-08-17
50 - SCHLUMBERGER P 2013-11-15 2015-11-18
19.311 - TEMPLETON GLOBAL BOND ADVIS P 2013-02-15 2015-09-22
124.209 - VANGUARD SHORT TERM CORP P 2014-01-31 2015-11-18
10 - BLACKROCK INC P 2014-08-11 2015-06-23
50 - EXXON MOBILE P 2004-07-23 2015-10-19
0.6983 - TALEN ENERGY CORP P 2011-12-20 2015-06-16
19.509 - TEMPLETON GLOBAL BOND ADVIS P 2013-03-15 2015-09-22
123.172 - VANGUARD SHORT TERM CORP P 2014-03-31 2015-11-18
50 - CVS CORP P 2009-05-28 2015-09-22
50 - EXXON MOBILE P 2004-07-23 2015-11-18
24.2829 - TALEN ENERGY CORP P 2011-12-20 2015-06-23
25.293 - TEMPLETON GLOBAL BOND ADVIS P 2013-04-15 2015-09-22
19.943 - VANGUARD SHORT TERM CORP P 2014-03-31 2015-11-18
150 - CAPITAL ONE P 2013-08-07 2015-06-23
200 - GENERAL ELECTRIC P 2004-07-23 2015-08-17
43.7171 - TALEN ENERGY CORP P 2013-08-21 2015-06-23
1098.028 - TEMPLETON GLOBAL BOND ADV P 2012-11-08 2015-09-22
120.578 - VANGUARD SHORT TERM CORP P 2014-04-30 2015-11-18
55 - CHEVRONTEXACO P 2013-03-19 2015-08-17
50 - GENERAL ELECTRIC P 2004-07-23 2015-08-17
8.647 - TEMPLETON GLOBAL BOND ADVISO P 2011-04-15 2015-08-17
12.762 - TEMPLETON GLOBAL BOND ADVIS P 2012-10-15 2015-10-19
121.485 - VANGUARD SHORT TERM CORP P 2014-07-31 2015-11-18
25 - CHEVRONTEXACO P 2013-08-21 2015-08-17
25000 - GOLDMAN SACHS P 2011-12-23 2015-01-15
8.777 - TEMPLETON GLOBAL BOND ADVISO P 2011-05-16 2015-08-17
763.476 - TEMPLETON GLOBAL BOND ADVI P 2012-11-08 2015-10-19
47.762 - VANGUARD SHORT TERM CORP P 2012-07-26 2015-11-18
75 - CHEVRONTEXACO P 2013-08-21 2015-10-19
0.1785 - GOOGLE INC P 2010-09-16 2015-05-19
8.768 - TEMPLETON GLOBAL BOND ADVISO P 2011-06-15 2015-08-17
19.369 - TEMPLETON GLOBAL BOND ADVIS P 2013-01-15 2015-10-19
113.024 - VANGUARD SHORT TERM CORP P 2014-10-31 2015-11-18
25 - CHEVRONTEXACO P 2013-08-21 2015-11-18
135 - IBM P 2008-01-17 2015-08-17
8.787 - TEMPLETON GLOBAL BOND ADVISO P 2011-07-15 2015-08-17
921.131 - TEMPLETON GLOBAL BOND ADVI P 2013-03-19 2015-10-19
370.751 - VANGUARD SHORT TERM CORP P 2013-08-07 2015-11-18
(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 4,521   7,354 -2,833
b 2,285   2,915 -630
c 4,860   4,723 137
d 105   122 -17
e 699   708 -9
8,061   6,835 1,226
2,451   3,677 -1,226
12,133   15,000 -2,867
12,151   10,830 1,321
296   344 -48
74,301   74,998 -697
77,575   38,323 39,252
5,659   4,291 1,368
16,567   20,000 -3,433
17,498   15,162 2,336
14,188   16,446 -2,258
672   679 -7
7   8 -1
9,256   10,346 -1,090
615   738 -123
8,027   1,587 6,440
11,394   13,554 -2,160
680   686 -6
841   866 -25
9,898   12,000 -2,102
3,098   529 2,569
98   116 -18
728   737 -9
5,001   5,194 -193
5,998   6,324 -326
25,000   26,001 -1,001
101   119 -18
260,532   263,722 -3,190
3,074   3,463 -389
2,933   1,054 1,879
25,000   25,294 -294
100   118 -18
1,332   1,346 -14
30,000   30,000  
5,910   3,396 2,514
3,863   4,643 -780
221   260 -39
1,319   1,334 -15
3,597   3,085 512
4,043   2,264 1,779
14   11 3
223   262 -39
1,308   1,322 -14
4,963   1,472 3,491
3,990   2,264 1,726
479   400 79
290   342 -52
212   214 -2
13,406   10,264 3,142
5,198   6,494 -1,296
862   772 90
12,572   14,747 -2,175
1,281   1,296 -15
4,593   6,574 -1,981
1,300   1,624 -324
102   120 -18
148   171 -23
1,290   1,305 -15
2,088   2,954 -866
25,000   25,482 -482
103   121 -18
8,879   10,253 -1,374
507   512 -5
6,709   8,862 -2,153
95   43 52
103   121 -18
225   260 -35
1,200   1,213 -13
2,285   2,954 -669
21,086   13,768 7,318
103   122 -19
10,713   12,352 -1,639
3,937   3,967 -30
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -2,833
b       -630
c       137
d       -17
e       -9
      1,226
      -1,226
      -2,867
      1,321
      -48
      -697
      39,252
      1,368
      -3,433
      2,336
      -2,258
      -7
      -1
      -1,090
      -123
      6,440
      -2,160
      -6
      -25
      -2,102
      2,569
      -18
      -9
      -193
      -326
      -1,001
      -18
      -3,190
      -389
      1,879
      -294
      -18
      -14
       
      2,514
      -780
      -39
      -15
      512
      1,779
      3
      -39
      -14
      3,491
      1,726
      79
      -52
      -2
      3,142
      -1,296
      90
      -2,175
      -15
      -1,981
      -324
      -18
      -23
      -15
      -866
      -482
      -18
      -1,374
      -5
      -2,153
      52
      -18
      -35
      -13
      -669
      7,318
      -19
      -1,639
      -30
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 72,004
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 3 185
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 388,282 7,871,617 0.049327
2013 398,453 7,151,644 0.055715
2012 323,460 6,366,504 0.050807
2011 299,812 6,342,202 0.047273
2010 240,000 5,936,222 0.040430
2
Total of line 1, column (d) .....................
20.243552
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
0.048710
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
7,123,497
5
Multiply line 4 by line 3......................
5
346,986
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,681
7
Add lines 5 and 6........................
7
350,667
8
Enter qualifying distributions from Part XII, line 4.............
8
368,000
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (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 3,681
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,681
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 3,681
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 1,762
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,362
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 3,681
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet3,681 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 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 addressbulletWWW.TRUSTOK.COM
    14
    The books are in care ofbulletTRUST COMPANY OF OKLAHOMA Telephone no.bullet (405) 840-8401

    Located atbullet6307 WATERFORD BLVD STE 160OKLAHOMA CITYOK ZIP+4bullet73118
    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
     
     
    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
    RICHARD A GORANSON TRUSTEE
    2.00     		0 0 0
    780 E BRITTON ROAD
    OKLAHOMA CITY,OK73114
    PAUL KALLENBERGER TRUSTEE
    2.00     		0 0 0
    1924 S UTICA AVE
    TULSA,OK741046540
    JOE WOMACK TRUSTEE
    2.00     		0 0 0
    6307 WATERFORD BLVD SUITE 160
    OKLAHOMA CITY,OK73118
    EDWARD J HAVRILLA TRUSTEE
    2.00     		0 0 0
    780 E BRITTON ROAD
    OKLAHOMA CITY,OK73114
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 SCHOLARHIPS FOR PETROLEUM ENGINEERING & GEOLOGY AT OKLAHOMA STATE UNIVERSITY 50,000
    2 TO HELP FUND SPEAKER SERIES AT OKLAHOMA CITY UNIVERSITY IN THE FIELD OF ENERGY MANAGEMENT AND RELATED STUDIES 50,000
    3 SCHOLARSHIPS FOR 2014-2015 IN THE SCHOOL OF NURSING AT THE UNIVERSITY OF OKLAHOMA 50,000
    4 SCHOLARSHIPS FOR 2014-2015 IN THE SCHOOL OF NURSING AT THE UNIVERSITY OF CENTRAL OKLAHOMA 50,000
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    6,183,182
    b
    Average of monthly cash balances.......................
    1b
    201,832
    c
    Fair market value of all other assets (see instructions)................
    1c
    846,963
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,231,977
    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
    7,231,977
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    108,480
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,123,497
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    356,175
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    356,175
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    3,681
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,681
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    352,494
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    352,494
    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
    352,494
    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
    368,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    368,000
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
    3,681
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    364,319
    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 7 352,494
    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......  
    c From 2012...... 12,215
    d From 2013...... 53,965
    e From 2014...... 93,718
    fTotal of lines 3a through e........ 159,898
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 368,000
    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..... 352,494
    e Remaining amount distributed out of corpus 15,506
    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 5 175,404
    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 ......     		175,404
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 12,215
    c Excess from 2013.... 53,965
    d Excess from 2014.... 93,718
    e Excess from 2015.... 15,506
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JOE WOMACK
    6307 WATERFORD BLVD STE 160
    OKLAHOMA CITY,OK73118
    (405) 840-8401
    bThe form in which applications should be submitted and information and materials they should include:
    PREPRINTED APPLICATION SHOULD BE REQUESTED FROM THE FOUNDATION.
    cAny submission deadlines:
    APRIL 30 FOR THE FOLLOWING FALL SCHOOL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PRIMARY PURPOSE FOR OKLAHOMA COLLEGES AND NON PROFIT ORGANIZATIONS TO FURTHER THE EDUCATION OF STUDENTS IN THE FIELDS OF PETROLEUM,AEROSPACE ENGINEERING, ENERGY, ENGINEERING, EDUCATION, NURSING & OTHER FIELDS OF STUDY.
    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
    UNIVERSITY OF OKLAHOMA FOUNDATION
    307 WEST BROOKS RM 105-K
    NORMAN,OK73019     		    2015-2016 ENERGY MGMT SCHOLARSHIPS 27,000
    UNIVERSITY OF OKLAHOMA FOUNDATION
    307 WEST BROOKS RM 105-K
    NORMAN,OK73019     		    2015-2016 PROGRAM SUPPORT 10,000
    OSU FOUNDATION
    400 SOUTH MONROE
    STILLWATER,OK74074     		    SCHOLORSHIPS FOR PETRO. ENGINEERING 50,000
    OKLAHOMA CITY UNIVERSITY
    2501 N BLACKWELDER
    OKLAHOMA CITY,OK73106     		    ENERGY SPEAKER PROGRAM 50,000
    UNIVERSITY OF TULSA
    800 SOUTH TUCKER DR
    TULSA,OK74101     		    MINERAL MANAGEMENT PROGRAM 31,000
    THE UNIVERSITY OF OKLAHOMA
    307 WEST BROOKS RM 105-K
    NORMAN,OK73019     		    FOR NURSING SCHOLARSHIPS 50,000
    UNIVERSITY OF CENTRAL OKLAHOMA
    100 N UNIVERSITY DRIVE
    EDMOND,OK73034     		    FOR NURSING SCHOLARSHIPS 50,000
    SPECIAL CARE INC
    12201 N WESTERN AVE
    OKLAHOMA CITY,OK73114     		    PROVIDE CARE FOR CHILDREN 30,000
    POSITIVE TOMORROWS
    1804 N BAUER AVE
    OKLAHOMA CITY,OK73106     		    PROVIDE ELEM. EDUCATION TO HOMELESS 20,000
    REGIONAL FOOD BANK OF OKLAHOMA
    3355 SOUTH PURDUE
    OKLAHOMA CITY,OK73179     		    PROVIDE FOOD AND GOODS FOR IMPOVERI. 25,000
    JOHN 316 MISSION
    205 E PONE STREET STE 103
    TULSA,OK74101     		    PROVIDE SHELTER AND FOOD FOR HOMELES 5,000
    COMMUNITY FOOD BANK OF EASTERN OK
    1304 N KENOSHA AVE
    TULSA,OK74106     		    PROVIDE FOOD AND GOODS FOR IMPOVERI. 5,000
    NEIGHBOR FOR NEIGHBOR
    505 E 36TH STREET N
    TULSA,OK741061812     		    PROVIDE FOOD AND SERVICES FOR IMPROV 15,000
    Total .................................bullet 3a 368,000
    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 6,282  
    4 Dividends and interest from securities....     14 117,333  
    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.....     15 316,555  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 72,004  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aSECURITIES LITIGATION     		    18 360  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   512,534  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13512,534
    (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:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 15,530 15,530 15,530  

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

    TY 2015 DepreciationSchedule
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    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
    DEPLETION           39,683 39,683 39,683  

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Name of Bond End of Year Book Value End of Year Fair Market Value
    40,000 G E 40,000 40,014
    23,516.18 METRO WEST TOTAL RET 241,221 235,162
    22,190.66 PIMCO HIGH YIELD 212,125 183,295
    23,898.72 PIMCO TOTAL RETURN 249,332 240,660
    6,955.30 TEMPLETON GLOB BOND 91,295 80,195
    20,723.44 THORNBURG LTD TERM INCOME 275,000 273,135
    38,157.44 VANGUARD ADM S/T INV 392,038 402,943
    16,631.18 VANGUARD TOTAL BOND 182,830 176,956
    1,847.51 VANGUARD ADM INFLATIO 39,939 46,574
    25,000 GOLDMAN SACHS 5.125    
    25,000 PEPSICO    
    25,000 ROYAL BANK OF SCOTLAND    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Name of Stock End of Year Book Value End of Year Fair Market Value
    900 ABBOTT LABORATORIES 16,650 40,419
    750 ACCENTURE PLC IRELAND SHS CLASS 40,681 78,375
    65 ALPHABET INC CL A 16,380 50,571
    65 ALPHABET INC CL C 16,380 49,327
    4352.6 AMERICAN BEACON SMALL CAP VAL 80,860 97,759
    500 APACHE 25,986 22,235
    1105 APPLE INC 57,818 116,312
    300 BARD C R INC 20,463 56,832
    1100 BG GROUP PLC ADR 19,042 15,971
    115 BLACKROCK INC 35,479 39,160
    500 CAPITAL ONE FINANCIAL 33,402 36,090
    600 CELGENE CORP 41,631 71,856
    325 CHEVRON CORPORATION 36,830 29,237
    400 CHUBB 22,980 53,056
    300 CITIGROUP INC 17,220 15,525
    1000 COGNIZANT TECHNOLOGY SOLUTIONS 36,015 60,020
    943.9 COHEN & STEERS REALTY SHS CLAS 28,370 43,353
    1,506.98 COLUMBIA ACORN CL Z    
    300 COSTCO WHOLESALE 29,357 48,450
    725 COVIDIEN    
    1000 CVS HEALTH CORP 28,530 97,770
    600 DANAHER CORP 32,595 55,728
    1050 DICKS SPORTING GOODS 44,928 37,118
    750 DISNEY WALT HOLDING COMPANY 24,874 78,810
    4867.9 DODGE & COX INTERNATIONAL STO 175,334 177,581
    900 EXPRESS SCRIPTS HLDG 48,969 78,669
    375 EXXON MOBIL 16,855 29,231
    500 FEE INTL 500  
    2250 GENERAL ELECTRIC 53,735 70,088
    65 GOOGLE INC CLASS A    
    65 GOOGLE INC CLASS C    
    3753.78 HARBOR INTERNATIONAL FUND CL 169,645 223,087
    800 HONEYWELL INTL 67,188 82,856
    150 INTERCONTINENTAL EXCHANGE 27,233 38,439
    135 INTERNATIONAL BUSINESS MAC    
    1700 ITT CORP NEW 31,533 61,744
    4812.81 LAZARD EMERGING MKTS CL I 96,158 64,684
    1150 MATERIALS SELECT SECTOR SPDRF 42,476 49,933
    350 MCDONALDS    
    693 MEDTRONIC PLC 52,055 53,306
    700 MONDELEZ INTERNATIONAL INC 23,800 31,388
    1500 NIKE INC 15,871 93,750
    900 NOBLE ENERGY INC 20,396 29,637
    600 NOVARTIS AG SPONSORED ADR 42,300 51,624
    800 PEPSICO 39,589 79,936
    550 PPL 15,252 18,772
    35 PRICELINE GROUP INC 41,838 44,623
    800 QUALCOMM 49,904 39,988
    550 SCHLUMBERGER LTD 43,397 38,363
    800 SELECT SPDR ETF - ENERGY 54,700 48,256
    325 THERMO FISHER SCIENTIFIC 40,317 46,101
    575 UNITED TECHNOLOGIES 25,986 55,240
    1018.92 VANGUARD ADMIRAL INT'L GROWT 56,888 68,329
    1085 VANGUARD CONSUMER DISCRETIONARY 81,571 132,969
    4900 VANGUARD FINANCIALS ETF 135,433 237,405
    1200 VANGUARD INFO TECHNOLOGY ETF 38,779 129,948
    1499.32 VANGUARD MID CAP INDEX-ADM 210,367 222,979
    835.29 VANGUARD SIGNAL MID CA    
    5042.05 VANGUARD SMALL-CAP INDEX-ADM 144,214 267,481
    300 VANGUARD TELECOMMUNICATION ETF 25,529 25,173
    1800 VISA INC CL A 63,287 139,590
    500 WAL-MART 34,675 30,650

    TY 2015 InvestmentsOtherSchedule2
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OIL & GAS PROPERTIES-NON-PRODUCING   524,235 250,728
    OIL & GAS PRODUCING     596,235

    TY 2015 LegalFeesSchedule
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - ROYALTIES 25 25 25  


    TY 2015 OtherExpensesSchedule
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    OTHER ROYALTY EXPENSES 8,339 8,339 8,339  
    OTHER MISC EXPENSES 385 385 385  


    TY 2015 OtherIncomeSchedule2
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTY INCOME 264,554 264,554 264,554
    LEASE BONUS 52,001 52,001 52,001
    SECURITIES LITIGATION 360   360


    TY 2015 OtherIncreasesSchedule
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Description Amount
    DEPLETION 39,683


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE FEES - MARTIN OIL 26,256 26,256 26,256  
    TRUSTEE FEES 39,782 39,782 39,782  
    ADR FEES 16 16 16  


    TY 2015 TaxesSchedule
    Name:
    KARL & GEORGIA MARTIN SRANNA BELLE
     
    FLYNN KARL & JUNE MARTIN JR FDN
    EIN:
    73-1504147
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES - DIVIDENDS 1,713 1,713 1,713  
    FEDERAL EXCISE TAX 3,680 3,680 3,680  
    GPT - ROYALTIES 8,652 8,652 8,652