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
THE HARPSWELL FOUNDATION
ALAN P LIGHTMAN
Number and street (or P.O. box number if mail is not delivered to street address)47 DEVENS STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CONCORD, MA01742
A Employer identification number

04-3474498
B Telephone number (see instructions)

(978) 369-0663
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$4,886,264J 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) 553,025
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 13 13 13
4 Dividends and interest from securities... 59,163 59,163 59,163
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 584,973
b Gross sales price for all assets on line 6a 8,173,991
7 Capital gain net income (from Part IV, line 2)... 126,090
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,197,174 185,266 59,176
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 65,502 0 65,502 0
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,500 0 2,500 0
b Accounting fees (attach schedule)....... Click to see attachment 3,322 0 3,322 0
c Other professional fees (attach schedule).... Click to see attachment 20,458 14,458 5,000 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,189 802 4,422 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 17,566 0 17,566
20 Occupancy..............        
21 Travel, conferences, and meetings....... 28,574 0 14,533 14,041
22 Printing and publications.......... 89 0 0 89
23 Other expenses (attach schedule)....... Click to see attachment 225,139 0 1,210 222,137
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 368,339 15,260 114,055 236,267
25 Contributions, gifts, grants paid....... 5,000 5,000
26 Total expenses and disbursements. Add lines 24 and 25 373,339 15,260 114,055 241,267
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 823,835
b Net investment income (if negative, enter -0-) 170,006
c Adjusted net income (if negative, enter -0-)... 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............. 44,501 54,302 54,302
2 Savings and temporary cash investments.........   65,450 65,450
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)....... 3,506,212 Click to see attachment4,271,438 4,213,892
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet701,120
Less: accumulated depreciation (attach schedule) bullet148,501 568,250 Click to see attachment552,619 552,620
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,118,963 4,943,809 4,886,264
Liabilities 17 Accounts payable and accrued expenses..........   0
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment1,011
23 Total liabilities (add lines 17 through 22)......... 0 1,011
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 4,118,963 4,942,798
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 4,118,963 4,942,798
31 Total liabilities and net assets/fund balances (see instructions). 4,118,963 4,943,809
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
4,118,963
2
Enter amount from Part I, line 27a .....................
2
823,835
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,942,798
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,942,798
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 RBC ACCOUNT 01554 P    
b RBC ACCOUNT 01540 P    
c RBC ACCOUNT 17686 P    
d JANNEY ACCOUNT 0118 P    
e JANNEY ACCOUNT 6955 P    
JANNEY ACCOUNT 6443 P    
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 90,239   87,290 2,949
b 6,429,793   6,228,276 201,517
c 58,071   56,716 1,355
d 18,310   18,560 -250
e 320,865   327,387 -6,522
1,236,038   1,329,672 -93,634
20,675     20,675
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       2,949
b       201,517
c       1,355
d       -250
e       -6,522
      -93,634
      20,675
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 2 126,090
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 0
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 253,968 3,834,605 0.066231
2013 278,964 3,541,904 0.078761
2012 225,883 2,815,675 0.080223
2011 245,438 2,479,532 0.098986
2010 199,031 2,558,883 0.077780
2
Total of line 1, column (d) .....................
20.401981
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
0.080396
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
4,560,747
5
Multiply line 4 by line 3......................
5
366,666
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,700
7
Add lines 5 and 6........................
7
368,366
8
Enter qualifying distributions from Part XII, line 4.............
8
241,267
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 3,400
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 3,400
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,400
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a  
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.............. 7 0
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 80
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 3,480
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    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
    Yes
     
    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.HARPSWELLFOUNDATION.ORG
    14
    The books are in care ofbulletALAN LIGHTMAN Telephone no.bullet (617) 422-0700

    Located atbullet47 DEVENS STREETCONCORDMA ZIP+4bullet01742
    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?
    16Yes  
    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 bulletCB
    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
    ALAN LIGHTMAN TRUSTEE
    10.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    JEAN LIGHTMAN TRUSTEE
    2.00     		0 0 0
    47 DEVENS STREET
    CONCORD,MA01742
    ELYSE LIGHTMAN SAMUELS TRUSTEE
    2.00     		0 0 0
    141 WINDSOR PLACE
    BROOKLYN,NY11215
    KARA LIGHTMAN TRUSTEE
    2.00     		0 0 0
    325 W 88TH STREET
    NEW YORK,NY10024
    DAVID ROE TRUSTEE
    2.00     		0 0 0
    1061 WALKER AVE
    OAKLAND,CA94610
    RANGITA DE SILVA DE ALWIS TRUSTEE
    2.00     		0 0 0
    288 N MAINE STREET
    SHARON,MA02067
    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 SUPPORT OF CAMBODIAN WOMEN IN EDUCATION IN PHENOM PHEN 197,193
    2 SUPPORT THROUGH EDUCATIONAL SUPPORT OF CAMBODIAN WOMEN STUDENTS 19,332
    3 SUPPORT OF GUILD OF BOSTON ARTISTS 5,000
    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.........................bullet0
    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
    4,579,100
    b
    Average of monthly cash balances.......................
    1b
    51,100
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,630,200
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,630,200
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    69,453
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,560,747
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    228,037
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    241,267
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    241,267
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    241,267
    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  
    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......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$  
    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.....  
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		 
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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
    2010-09-15
    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
    0 185,652 128,174 94,008 407,834
    b 85% of line 2a ......... 0 157,804 108,948 79,907 346,659
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		241,267 11,000 278,964 225,883 757,114
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		241,267 11,000 278,964 225,883 757,114
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		152,025 127,820 118,063 93,856 491,764
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    GUILD OF BOSTON ARTISTS
    162 NEWBURY STREET
    BOSTON,MA02116     		NONE NOT FOR PROFIT SUPPORT OF BOSTON ARTISTS 5,000
    Total .................................bullet 3a 5,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 13  
    4 Dividends and interest from securities....     14 59,163  
    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 ............     		    18 584,973  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 644,149 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13644,149
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2015
    Name of the organization
    THE HARPSWELL FOUNDATION
    ALAN P LIGHTMAN
    Employer identification number

    04-3474498
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2
    Name of organization
    THE HARPSWELL FOUNDATION
    ALAN P LIGHTMAN         		Employer identification number
    04-3474498
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    DANIEL AND KAREN PRITZKER  
    230 WOODLAND ROAD
     
    KEMTVILLE, CA94901

    		$ 300,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
     
     

    JONATHAN SAUNDERS  
    151 TREMONT STREET 20-P
     
    BOSTON, MA02111

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
     
     

    JORDAN SACHS AND JENNIE SACK  
    50 ENCANTO AVENUE
     
    SAN FRANCISCO, CA94115

    		$ 5,000


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

    MICHAEL LIGHTMAN  
    11685 MONTERREY ROAD
     
    EADS, TN38028

    		$ 33,367


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
     
     

    DAVID AND CLAYTON LIGHTMAN  
    29 MEADOWS RUN DRIVE
     
    WINFIELD, PA17889

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
     
     

    JOHN LIGHTMAN  
    1209 FALL SPRINGS
     
    COLLIERVILLE, TN38017

    		$ 6,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    THE HARPSWELL FOUNDATION
    ALAN P LIGHTMAN         		Employer identification number
    04-3474498
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
     
     

    PYRAMID PEAK FOUNDATION  
    6410 POPLAR AVENUE
     
    MEMPHIS, TN38119

    		$ 50,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
     
     

    DAVID ROE AND SUKEY LILENTHAL  
    1061 WALKER AVENUE
     
    OAKLAND, CA94610

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
     
     

    MICHAH GREENSTEIN AND TEMPLE ISRAEL  
    1376 EAST MASSEY ROAD
     
    MEMPHIS, TN38120

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
     
     

    CAMBODIA BEVERAGE COMPANY  
    NO 287 NATINAL RD NO 5
     
    MITTAPHEAP VILLAGE, PHENON PHEN12104CB

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
     
     

    HYDE FAMILY FOUNDATION  
    6058 SHADY GROVE ROAD
     
    MEMPHIS, TN38120

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
     
     

    COMMUNITY FOUNDATION OF MEMPHIS  
    1900 UNION AVE
     
    MEMPHIS, TN38104

    		$ 50,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Name of organization
    THE HARPSWELL FOUNDATION
    ALAN P LIGHTMAN         		Employer identification number
    04-3474498
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    13
     
     

    MALCO THEATER  
    5853 RIDGEWAY CENTER PARKWAY
     
    MEMPHIS, TN38120

    		$ 11,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
     
     

    CLAIRE BAXTER  
    845 OLD CAMPUS TRAIL
     
    ATLANTA, GA303281051

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
     
     

    DICK ROSENTHAL  
    1846 KEYS CRESCENT LN
     
    CINCINNATI, OH452061825

    		$ 2,000


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 3
    Name of organization
    THE HARPSWELL FOUNDATION
    ALAN P LIGHTMAN         		Employer identification number

    04-3474498
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a)
    No.from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)
    Page 4
    Name of organization
    THE HARPSWELL FOUNDATION
    ALAN P LIGHTMAN         		Employer identification number

    04-3474498
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No.from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2015 AccountingFeesSchedule
    Name:
    THE HARPSWELL FOUNDATION
     
    ALAN P LIGHTMAN
    EIN:
    04-3474498
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 3,322 0 3,322 0

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

    TY 2015 DepreciationSchedule
    Name:
    THE HARPSWELL FOUNDATION
     
    ALAN P LIGHTMAN
    EIN:
    04-3474498
    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
    LAND STREET 508 2005-06-30 32,000   L   0 0 0  
    DORMITORY STREET 508 2006-09-26 113,000 24,023 SL 39.000000000000 2,897 0 2,897  
    DELL 3100 COMPUTERS (3) 2006-06-30 2,250 2,250 SL 5.000000000000 0 0 0  
    CANON COLOR PRINTER 2006-06-30 350 350 SL 5.000000000000 0 0 0  
    BLACK AND WHITE PRINTER 2006-06-30 200 200 SL 5.000000000000 0 0 0  
    DELL 3100 COMPUTERS (3) 2007-06-30 2,490 2,490 SL 5.000000000000 0 0 0  
    BLACK AND WHITE PRINTER 2007-06-30 200 200 SL 5.000000000000 0 0 0  
    BATTERY BIKES (3) 2007-06-30 960 960 SL 5.000000000000 0 0 0  
    LAND ON STREET 13 2008-06-05 65,000   L   0 0 0  
    DELL 3100 COMPUTER (1) 2008-06-30 800 800 SL 5.000000000000 0 0 0  
    BLACK AND WHITE PRINTER 2008-06-30 200 200 SL 5.000000000000 0 0 0  
    MOTORCYCLE 2008-06-30 850 850 SL 5.000000000000 0 0 0  
    MATTRESSES (36) 2008-06-30 1,950 1,950 SL 7.000000000000 0 0 0  
    DORMITORY ON STREET 13 2009-06-30 288,752 41,037 SL 39.000000000000 7,404 0 7,404  
    HONDA MOTORCYCLES (10) 2009-06-30 8,500 8,500 SL 5.000000000000 0 0 0  
    DELL 760V COMPUTERS (10) 2009-06-30 6,640 6,640 SL 5.000000000000 0 0 0  
    BATTERY BIKES (4) 2009-06-30 1,120 1,120 SL 5.000000000000 0 0 0  
    CANON PRITER SCANNER (1) 2009-06-30 360 360 SL 5.000000000000 0 0 0  
    TELEVISION (LARGE SCREEN) 2009-06-30 1,100 1,100 SL 5.000000000000 0 0 0  
    DVD PLAYER 2009-06-30 300 300 SL 5.000000000000 0 0 0  
    DIGITAL PROJECTOR 2009-06-30 550 550 SL 5.000000000000 0 0 0  
    MATTRESSES (48) 2009-06-30 2,600 2,600 SL 7.000000000000 0 0 0  
    BUNK BEDS (24) 2009-06-30 4,080 3,807 200DB 7.000000000000 182 0 273  
    DESKS AND CHAIRS (48) 2009-06-30 5,520 5,150 200DB 7.000000000000 247 0 370  
    WARDROBES (24) 2009-06-30 6,720 6,271 200DB 7.000000000000 299 0 449  
    DESK LAMPS (48) 2009-06-30 1,440 1,343 200DB 7.000000000000 65 0 97  
    COUCHES (3) 2009-06-30 1,800 1,679 200DB 7.000000000000 81 0 121  
    REFRIGERATOR 2009-06-30 255 239 200DB 7.000000000000 11 0 16  
    PODIUM 2009-06-30 250 234 200DB 7.000000000000 11 0 16  
    DELL 3100 COMPUTER (1) 2010-06-30 800 720 SL 5.000000000000 80 0 80  
    A/C UNITS (2) 2010-06-30 740 666 SL 5.000000000000 74 0 74  
    4 ROOM PRIMARY SCHOOL BLD 2005-01-05 33,000 8,427 SL 39.000000000000 846 0 846  
    LAND ON 304 STREET 2008-06-05 10,095   L   0 0 0  
    LAND ON TEUK THLA 2010-06-03 78,693   L   0 0 0  
    2 BLACK AND WHITE PRINTERS 2011-06-01 560 336 SL 5.000000000000 112 0 112  
    REFRIGERATOR 2011-06-01 325 195 SL 5.000000000000 65 0 65  
    1 DESKTOP COMPUTER 2011-06-01 800 480 SL 5.000000000000 160 0 160  
    1 LAPTOP COMPUTER 2011-06-01 750 450 SL 5.000000000000 150 0 150  
    2 OPTIPLEX 790 COMPUTERS 2012-06-01 1,200 600 SL 5.000000000000 240 0 240  
    DELL LCD MONITOR 2012-06-01 100 50 SL 5.000000000000 20 0 20  
    HP LASER PRINTER 2012-06-01 265 133 SL 5.000000000000 53 0 53  
    WIRELESS M ICROPHONE 2012-06-01 180 90 SL 5.000000000000 36 0 36  
    VIDEO CAMERA 2012-06-01 250 125 SL 5.000000000000 50 0 50  
    2 DELL OPTIPLEX 790 COMPUTERS FOR BT 2013-06-01 1,100 330 SL 5.000000000000 220 0 220  
    NEW LCD TV FOR TT DORM 2013-06-01 550 165 SL 5.000000000000 110 0 110  
    2 SAMSUNG REFRIDES FOR BT 2013-06-01 1,000 300 SL 5.000000000000 200 0 200  
    2 SAMSUNG REFRIDES FOR TT 2013-06-01 1,248 375 SL 5.000000000000 250 0 250  
    IPAD FOR TT DORM 2013-06-01 868 261 SL 5.000000000000 174 0 174  
    SONY LCD PROJECTOR FOR TT 2013-06-01 580 174 SL 5.000000000000 116 0 116  
    DELL OPTIPLEX 7010 FOR BT 2013-06-01 555 167 SL 5.000000000000 111 0 111  
    SONY TELEVISION FOR BT 2013-06-01 540 162 SL 5.000000000000 108 0 108  
    AC FOR BT 2013-06-01 400 120 SL 5.000000000000 80 0 80  
    CEILING FANS 2014-06-30 210 15 SL 7.000000000000 30 0 30  
    TOILETS 2014-06-30 486 35 SL 7.000000000000 69 0 69  
    BOOKSHELVES 2014-06-30 333 24 SL 7.000000000000 48 0 48  
    BATTERY BACKUP SYSTEM 2014-06-30 12,800 1,280 SL 5.000000000000 2,560 0 2,560  
    TELEVISION FOR BT DORM 2014-06-30 520 52 SL 5.000000000000 104 0 104  
    MICROPHONES IN TT DORM 2015-06-01 438   200DB 5.000000000000 88 0 51  
    2 SOFAS IN TT DORM 2015-06-01 580   200DB 7.000000000000 83 0 48  
    WIRE FENCE IN BT DORM 2015-06-01 195   200DB 7.000000000000 28 0 16  
    BOOKSHELF IN TT DORM 2015-06-01 158   200DB 7.000000000000 23 0 13  
    WINDOW BARS IN TT DORM 2015-06-01 564   200DB 7.000000000000 81 0 47  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE HARPSWELL FOUNDATION
     
    ALAN P LIGHTMAN
    EIN:
    04-3474498
    Name of Stock End of Year Book Value End of Year Fair Market Value
    RBC ACCOUNT 30701554 0 0
    RBC ACCOUNT 30701540 0 0
    RBC ACCOUNT 31221277 0 0
    RBC ACCOUNT 31138161 0 0
    JANNEY 7043-0118 34,645 33,418
    JANNEY 2746-6955 3,259,210 3,134,699
    JANNEY 7981-6443 977,583 1,045,775
    JANNEY 5912-7918 0 0

    TY 2015 LandEtcSchedule2
    Name:
    THE HARPSWELL FOUNDATION
     
    ALAN P LIGHTMAN
    EIN:
    04-3474498
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND STREET 508 32,000 0 32,000  
    DORMITORY STREET 508 113,000 26,920 86,080  
    DELL 3100 COMPUTERS (3) 2,250 2,250 0  
    CANON COLOR PRINTER 350 350 0  
    BLACK AND WHITE PRINTER 200 200 0  
    DELL 3100 COMPUTERS (3) 2,490 2,490 0  
    BLACK AND WHITE PRINTER 200 200 0  
    BATTERY BIKES (3) 960 960 0  
    LAND ON STREET 13 65,000 0 65,000  
    DELL 3100 COMPUTER (1) 800 800 0  
    BLACK AND WHITE PRINTER 200 200 0  
    MOTORCYCLE 850 850 0  
    MATTRESSES (36) 1,950 1,950 0  
    DORMITORY ON STREET 13 288,752 48,441 240,311  
    HONDA MOTORCYCLES (10) 8,500 8,500 0  
    DELL 760V COMPUTERS (10) 6,640 6,640 0  
    BATTERY BIKES (4) 1,120 1,120 0  
    CANON PRITER SCANNER (1) 360 360 0  
    TELEVISION (LARGE SCREEN) 1,100 1,100 0  
    DVD PLAYER 300 300 0  
    DIGITAL PROJECTOR 550 550 0  
    MATTRESSES (48) 2,600 2,600 0  
    BUNK BEDS (24) 4,080 3,989 91  
    DESKS AND CHAIRS (48) 5,520 5,397 123  
    WARDROBES (24) 6,720 6,570 150  
    DESK LAMPS (48) 1,440 1,408 32  
    COUCHES (3) 1,800 1,760 40  
    REFRIGERATOR 255 250 5  
    PODIUM 250 245 5  
    DELL 3100 COMPUTER (1) 800 800 0  
    A/C UNITS (2) 740 740 0  
    4 ROOM PRIMARY SCHOOL BLD 33,000 9,273 23,727  
    LAND ON 304 STREET 10,095 0 10,095  
    LAND ON TEUK THLA 78,693 0 78,693  
    2 BLACK AND WHITE PRINTERS 560 448 112  
    REFRIGERATOR 325 260 65  
    1 DESKTOP COMPUTER 800 640 160  
    1 LAPTOP COMPUTER 750 600 150  
    2 OPTIPLEX 790 COMPUTERS 1,200 840 360  
    DELL LCD MONITOR 100 70 30  
    HP LASER PRINTER 265 186 79  
    WIRELESS M ICROPHONE 180 126 54  
    VIDEO CAMERA 250 175 75  
    2 DELL OPTIPLEX 790 COMPUTERS FOR BT 1,100 550 550  
    NEW LCD TV FOR TT DORM 550 275 275  
    2 SAMSUNG REFRIDES FOR BT 1,000 500 500  
    2 SAMSUNG REFRIDES FOR TT 1,248 625 623  
    IPAD FOR TT DORM 868 435 433  
    SONY LCD PROJECTOR FOR TT 580 290 290  
    DELL OPTIPLEX 7010 FOR BT 555 278 277  
    SONY TELEVISION FOR BT 540 270 270  
    AC FOR BT 400 200 200  
    CEILING FANS 210 45 165  
    TOILETS 486 104 382  
    BOOKSHELVES 333 72 261  
    BATTERY BACKUP SYSTEM 12,800 3,840 8,960  
    TELEVISION FOR BT DORM 520 156 364  
    MICROPHONES IN TT DORM 438 88 350  
    2 SOFAS IN TT DORM 580 83 497  
    WIRE FENCE IN BT DORM 195 28 167  
    BOOKSHELF IN TT DORM 158 23 135  
    WINDOW BARS IN TT DORM 564 81 483  


    TY 2015 LegalFeesSchedule
    Name:
    THE HARPSWELL FOUNDATION
     
    ALAN P LIGHTMAN
    EIN:
    04-3474498
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSE 2,500 0 2,500 0


    TY 2015 OtherExpensesSchedule
    Name:
    THE HARPSWELL FOUNDATION
     
    ALAN P LIGHTMAN
    EIN:
    04-3474498
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OPERATING EXPENSES - UNIVERSITY WOMEN 192,405 0 0 192,405
    TUITION SUPPORT 29,732 0 0 29,732
    OFFICE EXPENSE AND BANK FEES 2,488 0 696 0
    FUNDRAISING 514 0 514 0


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE HARPSWELL FOUNDATION
     
    ALAN P LIGHTMAN
    EIN:
    04-3474498
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARDS PAYABLE 0 1,011


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE HARPSWELL FOUNDATION
     
    ALAN P LIGHTMAN
    EIN:
    04-3474498
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    U S PROGRAM ASSISTANCE 0 0 0 0
    INVESTMENT MANAGEMENT 14,458 14,458 0 0
    CONSULTANTS 6,000 0 5,000 0


    TY 2015 TaxesSchedule
    Name:
    THE HARPSWELL FOUNDATION
     
    ALAN P LIGHTMAN
    EIN:
    04-3474498
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 802 802 0 0
    TAX FILING FEES 4,387 0 4,422 0