Form990-PF
Click to see attachment

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 08-01-2015 , and ending 07-31-2016
Name of foundation
BERTHA STEBENS CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)119 SECOND SREET NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MASON CITY, IA50401
A Employer identification number

42-1280907
B Telephone number (see instructions)

(641) 423-1913
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$4,024,319J 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      
4 Dividends and interest from securities... 28,101 26,271  
5a Gross rents............ 114,209 114,209  
b Net rental income or (loss) 97,385
6a Net gain or (loss) from sale of assets not on line 10 -5,665
b Gross sales price for all assets on line 6a 71,960
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 136,645 140,480  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 35,185 26,389   8,796
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,700 2,775   925
c Other professional fees (attach schedule).... Click to see attachment 7,328 5,496   1,832
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,942 8,978   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 6,835 5,658  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,554 1,797   757
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 66,544 51,093   12,310
25 Contributions, gifts, grants paid....... 204,087 204,087
26 Total expenses and disbursements. Add lines 24 and 25 270,631 51,093   216,397
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -133,986
b Net investment income (if negative, enter -0-) 89,387
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 86 129 129
2 Savings and temporary cash investments......... 61,230 11,659 11,659
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) 36,976 Click to see attachment35,247 37,769
b Investments—corporate stock (attach schedule)....... 238,116 Click to see attachment217,023 396,947
c Investments—corporate bonds (attach schedule)....... 73,535 Click to see attachment58,326 55,536
11 Investments—land, buildings, and equipment: basis bullet501,113
Less: accumulated depreciation (attach schedule) bullet92,889 415,059 Click to see attachment408,224 3,393,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 218,024 Click to see attachment178,432 129,279
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) 1,043,026 909,040 4,024,319
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 1,043,026 909,040
30 Total net assets or fund balances (see instructions)..... 1,043,026 909,040
31 Total liabilities and net assets/fund balances (see instructions). 1,043,026 909,040
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
1,043,026
2
Enter amount from Part I, line 27a .....................
2
-133,986
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
909,040
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
909,040
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 ESC LEHMAN BROS RETURN OF PRINCIPAL P    
b ESC LEHMAN BROS RETURN OF PRINCIPLE P    
c COLUMBIA STRATEGIC INCOME FUND P 1996-11-26 2016-07-25
d DUKE REALTY CORPORATION P 1998-11-17 2016-07-19
e DUKE REALTY CORPORATION P 2001-12-14 2016-07-19
FHLMC 9% RETURN PRINCIPAL P    
FHLMC 7% RETURN PRINCIPAL P    
FHLMC 8% RETURN PRINCIPAL P    
FHLMC 8% RETURN PRINCIPAL P    
FED NATL MTGE 7.5% RETURN PRINCIPAL P    
FED NATL MTGE 7.7% RETURN PRINCIPAL P    
GOVT NATL MTG 9% RETURN PRINCIPAL P    
GOVT NATL MTG 9% RETURN PRINCIPAL P    
GOVT NATL MTG 10% RETURN PRINCIPAL P    
GOVT NATL MTG 10.5% RETURN PRINCIPAL P    
GOVT NATL MTGE 9.5 RETURN PRINCIPAL P    
FHLMC 8.25% P 1996-11-15 2016-06-15
JP MORGAN CHASE 6% P 2013-01-29 2015-11-15
JP MORGAN CHASE 6% P 2013-02-15 2015-11-15
(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 51     51
b 156   156 0
c 32,000   39,615 -7,615
d 9,465   9,314 151
e 13,561   11,780 1,781
32   32 0
84   85 -1
51   51 0
72   72 0
117   115 2
269   264 5
1   1 0
5   5 0
15   15 0
6   7 -1
75   75 0
1,000   985 15
10,000   10,037 -37
5,000   5,016 -16
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       51
b       0
c       -7,615
d       151
e       1,781
      0
      -1
      0
      0
      2
      5
      0
      0
      0
      -1
      0
      15
      -37
      -16
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 -5,665
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2014 132,887 3,441,039 0.038618
2013 156,563 3,444,888 0.045448
2012 149,668 3,497,812 0.042789
2011 163,006 3,489,678 0.046711
2010 130,875 2,422,865 0.054017
2
Total of line 1, column (d) .....................
20.227583
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
0.045517
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
3,604,517
5
Multiply line 4 by line 3......................
5
164,067
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
894
7
Add lines 5 and 6........................
7
164,961
8
Enter qualifying distributions from Part XII, line 4.............
8
216,397
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 1 894
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........................... 3 894
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- ..... 5 894
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,360
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 2,360
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 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 1,466
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,466 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletHAROLD R WINSTON Telephone no.bullet (641) 423-1913

    Located atbullet119 2ND STREETMASON CITYIA ZIP+4bullet50401
    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
     
    No
    ........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
    HAROLD R WINSTON SEE GENL EXPLNTN SECRETARY/DIRECTOR
    3.50     		30,185 0 0
    119 2ND ST NW
    MASON CITY,IA50401
    GARY BLODGETT PRESIDENT/DIRECTOR
    0.60     		2,500 0 0
    1225 NORTH SHORE DRIVE
    CLEAR LAKE,IA50428
    GREGORY C NICHOLAS TREASURER/DIRECTOR
    0.60     		2,500 0 0
    2601 FOURTH ST SW
    MASON CITY,IA50401
    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 NONE 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    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
    620,441
    b
    Average of monthly cash balances.......................
    1b
    96,467
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,942,500
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,659,408
    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
    3,659,408
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    54,891
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,604,517
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    180,226
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    180,226
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    894
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    894
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    179,332
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    179,332
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    179,332
    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
    216,397
    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
    216,397
    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
    894
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    215,503
    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 7 179,332
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 16,177
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 216,397
    a Applied to 2014, but not more than line 2a 16,177
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 179,332
    e Remaining amount distributed out of corpus 20,888
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 20,888
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    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) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		20,888
    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.... 20,888
    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:
    HAROLD R WINSTON
    119 SECOND STREET NW
    MASON CITY,IA50401
    (641) 423-1913
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUESTS INCLUDING NAME, ADDRESS AND PURPOSE OF ORGANIZATION EVIDENCE OF EXEMPT STATUS, ID NUMBER, CURRENT FINANCIALS, OFFICERS, DIRECTORS & CONTACT PERSON, AMOUNT & PURPOSE OF REQUEST, DATE NEEDED.
    cAny submission deadlines:
    MAY 31
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NEEDS TO BE A QUALIFIED 501(C)(3) CHARITY IN CERRO GORDO COUNTY.
    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
    AG IN THE CLASSROOM
    65 STATE ST
    GARNER,IA50438     		NONE PC AG EDUCATION WEEKS 3,000
    CARING PREGNANCY CENTER
    830 15TH STREET SW
    MASON CITY,IA50401     		NONE PC SENDING STAFF TO NATIONAL CONVENTION 2,500
    CENTRAL GARDENS OF NORTH IOWA
    800 2ND AVENUE NORTH
    CLEAR LAKE,IA50428     		NONE PC PERFORMANCE SERIES "PICNICS & PERFORMANCES" 3,000
    CERRO GORDO COUNTY CONSERVATION BOARD
    3501 LIME CREEK ROAD
    MASON CITY,IA50401     		NONE PC REPAIRS TO WILKINSON PIONEER PARK COVERED BRDIGE ROCK FALLS 5,000
    CHARLIE BROWN DAYCARE
    326 FOURTH STREET NE
    MASON CITY,IA50401     		NONE PC CAFETERIA TABLES 4,000
    CHORAL MUSIC GUILD
    1515 SOUTH PENNSYLVANIA AVE
    MASON CITY,IA50401     		NONE PC UNIFORMS TO MCHS VOCAL MUSIC STUDENTS 5,000
    CITY OF MASON CITY - FRIENDS OF THE 457
    10 FIRST ST NW
    MASON CITY,IA50401     		NONE GOV CANNONBALL GARDEN PROJECT 15,000
    CLEAR LAKE CLASSICAL INC
    1310 HWY 18 WEST
    CLEAR LAKE,IA50428     		NONE PC SCHOLARSHIPS & TUITION 6,500
    COMMUNITY KITCHEN OF NORTH IOWA
    606 N MONROE AVE
    MASON CITY,IA50401     		NONE PC ONE-HALF YEAR MILK COST 2,500
    COMMUNITY POLICING ADVISORY BOARD
    78 S GEORGIA
    MASON CITY,IA50401     		NONE PC EDUCATIONAL MATERIALS FOR NATIONAL NIGHT OUT 1,500
    COMPREHENSIVE SYSTEMS
    1453 4TH ST SE
    MASON CITY,IA50401     		NONE PC ROOF FOR MASON CITY BUILDING 4,000
    CRISIS INTERVENTION SERVICES
    PO BOX 656
    MASON CITY,IA50401     		NONE PC NEW LAPTOPS 2,607
    ELDERBRIDGE AGENCY ON AGING
    22 N GEORGIA AVE 216
    MASON CITY,IA50401     		NONE PC PROGRAM COSTS 10,000
    ELMWOOD-ST JOSEPH CEMETERY
    1224 S WASHINGTON AVE
    MASON CITY,IA50401     		NONE PC CEMETARY WALK 1,000
    FRANCIS LAUER YOUTH SERVICES
    50 NORTH EISENHOWER
    MASON CITY,IA50401     		NONE PC MUSIC THERAPY ACTIVITIES 2,500
    HABITAT FOR HUMANITY OF NORTH CENTRAL IOWA
    1411 S TAFT AFE
    MASON CITY,IA50401     		NONE PC POPCORN POPPER & SUPPLIES 1,200
    HARDING ELEMENTARY SCHOOL PTO
    1239 N RHODE ISLAND AVE
    MASON CITY,IA50401     		NONE PC OUTDOOR MUSICAL INSTRUMENT 3,500
    INSTRUMENTAL MUSIC BOOSTERS
    PO BOX 111
    MASON CITY,IA50401     		NONE PC FRENCH HORN 2,200
    ISU CERRO GORDO COUNTY EXTENSION & OUTREACH
    2023 S FEDERAL AVENUE
    MASON CITY,IA50401     		NONE PC COMMUNITY GARDEN/SCHOOL GREENHOUSE 2,500
    KCMR RADIO
    600 FIRST STREET NW
    MASON CITY,IA50401     		NONE PC SECOND PHASE OF STUDIO UPGRADE 5,000
    KINNEY PIONEER MUSEUM
    9184 265TH STREET
    MASON CITY,IA50401     		NONE PC RIDING POWER LAWNMOWER 2,500
    KIWANIS
    525 HEMLOCK
    MASON CITY,IA50401     		NONE PC PLAYGROUND EQUIPMENT 2,000
    LAKESIDE FESTIVALS LTD
    84 FOUR WINDS DR
    CLEAR LAKE,IA50428     		NONE PC DIXIEFEST 1,000
    LUTHERAN SERVICES IN IOWA
    2502 S JEFFERSON AVE
    MASON CITY,IA50401     		NONE PC TRAVEL COSTS 1,575
    MACNIDER MUSEUM
    303 2ND STREET SW
    MASON CITY,IA50401     		NONE PC PUPPET PERFORMANCES 4,000
    MASON CITY COMMUNITY THEATER
    215 S DELAWARE AVE
    MASON CITY,IA50401     		NONE PC PROFESSIONAL DIRECTOR 5,000
    MASON CITY FOUNDATION
    308 SOUTH PENNSYLVANIA AVE
    MASON CITY,IA50401     		NONE PC ADVENTURES IN MUSIC PROGRAM 5,000
    MASON CITY POLICE DEPARTMENT
    78 GEORGIA AVENUE S
    MASON CITY,IA50401     		NONE GOV OFFICE FURNITURE 2,680
    MASON CITY PUBLIC LIBRARY
    225 2ND STREET SE
    MASON CITY,IA50401     		NONE GOV READING MATERIALS 2,000
    MEALS ON WHEELS
    606 N MONROE AVE
    MASON CITY,IA50401     		NONE PC ASSISTANCE WITH MEALS 3,000
    MERCY MEDICAL CENTER
    1000 4TH ST SW
    MASON CITY,IA50401     		NONE PC SCHOLARSHIP PLEDGE 10,000
    MESERVEY PUBLIC LIBRARY
    719 1ST STREET
    MESERVERY,IA50457     		NONE PC NEW OUTDOOR BOOKDROP 3,000
    NEWMAN CATHOLIC SCHOOL
    2000 S MCKINLEY
    MASON CITY,IA50401     		NONE PC TALES & ITEMS FOR CALMING CORNERS 3,185
    NIACC
    808 US HIGHWAY 18W
    MASON CITY,IA50401     		NONE PC CAPITAL CAMPAIGN FOR NEW FACILITY 12,500
    NIACC
    808 US HIGHWAY 18W
    MASON CITY,IA50401     		NONE PC SCHOLARSHIPS 5,000
    NORA SPRINGS-ROCK FALLS - COMMUNITY SCHOOLS
    509 NORTH IOWA AVENUE
    NORA SPRINGS,IA50458     		NONE GOV FIVE $500 SCHOLARSHIPS 2,500
    NORTH IOWA BAND FESTIVAL FOUNDATION
    25 W STATE ST SUITE B
    MASON CITY,IA50401     		NONE PC SCHOOL TRANSPORTATION TO BAND FESTIVAL, GENERAL SUPPORT 8,000
    NORTH IOWA CHILD ABUSE PREVENTION COUNCIL
    PO BOX 41
    MASON CITY,IA50401     		NONE PC SATELLITE CHILD PROTECTION CENTER 7,500
    NORTH IOWA COMMUNITY ACTION CENTER
    1190 BRIARSTONE DR STE 2
    MASON CITY,IA50401     		NONE PC SECURITY SYSTEM TECHNOLOGY 6,000
    NORTH IOWA FAIR ASSOCIATION
    3700 4TH STREET SW
    MASON CITY,IA50401     		NONE PC ONE HEATING UNIT 2,500
    NORTH IOWA VOCATIONAL CENTER
    1225 S HARRISON AVE
    MASON CITY,IA50401     		NONE PC COLD FOOD COOLER/DISPLAY CASE 1,000
    OPPORTUNITY VILLAGE
    1200 NORTH NINTH STREET WEST
    CLEAR LAKE,IA50428     		NONE PC POINT-OF-SALE SYSTEM FOR TRIED & TRUE 1,965
    OUTDOOR SPORTS TRAINING CENTER
    PO BOX 1567
    MASON CITY,IA50401     		NONE PC CONSTRUCTION OF 2500 SQUARE FEET CLUB FACILITY 9,000
    RIVER CITY SCULPTURES ON PARADE
    9 N FEDERAL AVENUE
    MASON CITY,IA50401     		  PC THREE LIMESTONE PEDESTALS 5,000
    RIVER CITY SOCIETY FOR HISTORIC PRESERVATION
    530 1ST STREET NE
    MASON CITY,IA50401     		NONE PC REPAIR EXTERIOR STUCCO 2,175
    ROCK FALLS UNITED METHODIST CHURCH
    1 W JACKSON STREET
    ROCK FALLS,IA50467     		NONE PC IMPROVEMENTS TO FELLOWSHIP HALL 3,000
    SALVATION ARMY
    747 VILLAGE GREEN DRIVE
    MASON CITY,IA50401     		NONE PC STEPPING UP BOOTS 2,500
    SOCIETY TO PRESERVE ANTIQUATED TOWN STRUCTURES
    23 3RD ST NW STE 200
    MASON CITY,IA50401     		NONE PC REPLACEMENT OF WINDOWS IN SCHOOL 4,000
    SPECIAL KIDS SPECIAL LOVE
    PO BOX 1703
    MASON CITY,IA50401     		NONE PC REPLACE & UPGRADE SENSORY EQUIPMENT 1,500
    STEBENS CHILDREN'S THEATRE
    119 SECOND STREET NW
    MASON CITY,IA50401     		NONE PC SCHOLARSHIP PROGRAM 2,500
    Total .................................bullet 3a 204,087
    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 ...........     		         
    4 Dividends and interest from securities....     14 28,101  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 97,385  
    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 -5,665  
    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).. 0 119,821 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13119,821
    (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:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RSM US LLP 3,700 2,775   925

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

    TY 2015 DepreciationSchedule
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    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 1987-04-01 347,080   L   0 0    
    TILE 1987-04-01 1,000 1,000 150DB 15.000000000000 0 0    
    TILE 1987-04-01 14,000 14,000 150DB 15.000000000000 0 0    
    TILE 1997-12-10 22,294 22,294 150DB 15.000000000000 0 0    
    TILE 1998-11-12 31,877 31,877 150DB 15.000000000000 0 0    
    TILE 2004-12-18 1,165 857 150DB 15.000000000000 68 78    
    TILE 2012-12-20 45,494 10,487 150DB 15.000000000000 3,501 3,033    
    TILE 2013-09-27 38,203 5,539 150DB 15.000000000000 3,266 2,547    

    TY 2015 GeneralExplanationAttachment
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    Identifier Return Reference Explanation
    OFFICERS COMPENSATION FORM 990-PF, PART I, LINE 13 AND PART VIII, LINE 1 CONSISTENT WITH IRS INSTRUCTIONS, LEGAL FEES PAID TO WINSTON AND BYRNE PC HAS BEEN REPORTED AS OFFICER COMPENSATION TO HAROLD WINSTON. MR. WINSTON DID NOT RECEIVE DIRECT COMPENSATION FROM THE FOUNDATION.

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK AMER CORP 6.05% 10,000 11,678
    DELL COMPUTER CORP 7.1% 15,000 15,225
    GEORGIA PACIFIC 9,950 13,830
    JPMORGAN CHASE & CO NOTES 6% 0 0
    JPORGAN CHASE & CO NOTES 6% 0 0
    ESC LEHMAN BROS HLD 3,376 349
    MN SLM CORP 6.0% 20,000 14,454

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT & T 28,560 43,290
    ALTRIA GROUP 22,838 67,700
    AMEREN CORP 24,999 26,220
    AMERICAN ELEC PWR INC 10,815 17,325
    DUKE ENERGY HLDG 5,048 14,208
    EXELON CORP 11,300 37,280
    FIRSTENERGY CORP COM 6,488 10,476
    NEW YORK COMMUNITY BANCORP 23,293 25,287
    SOUTHERN CO COM 9,216 21,400
    SPECTRA ENERGY 3,778 8,993
    VERIZON COMMUNICATIONS 15,711 27,705
    XCEL ENERGY INC 17,659 43,980
    WEC ENERGY GROUP INC 37,318 53,083
    DUKE REALTY CORPORATION 0 0

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    US Government Securities - End of Year Book Value:

    4,918
    US Government Securities - End of Year Fair Market Value:

    5,583
    State & Local Government Securities - End of Year Book Value:


    30,329
    State & Local Government Securities - End of Year Fair Market Value:


    32,186


    TY 2015 InvestmentsLandSchedule2
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 347,080 0 347,080  
    TILE 1,000 1,000 0  
    TILE 14,000 14,000 0  
    TILE 22,294 22,294 0  
    TILE 31,877 31,877 0  
    TILE 1,165 925 240  
    TILE 45,494 13,988 31,506  
    TILE 38,203 8,805 29,398  

    TY 2015 InvestmentsOtherSchedule2
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DWS HIGH INCOME TR AT COST 22,853 10,193
    FEDERATED EMERG MKT DEBT FUND A AT COST 25,055 21,293
    TEMPLETON GLOBAL INCOME FUND AT COST 8,417 7,318
    COLUMBIA STRATEGIC INCOME FD A AT COST 30,326 24,413
    LORD ABBETT INTL DIV INC FD C AT COST 55,633 40,310
    PUTNAM HIGH YEILD CL A AT COST 20,000 11,992
    B P AMOCO SPONSORED ADR AT COST 16,148 13,760

    TY 2015 OtherExpensesSchedule
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COURT COSTS 10 10   0
    DUES 750 187   563
    AGENT FEE 8 8   0
    APPRAISAL FEE 775 581   194
    INSURANCE 1,011 1,011   0


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIRST CITIZENS TRUST 7,328 5,496   1,832


    TY 2015 TaxesSchedule
    Name:
    BERTHA STEBENS CHARITABLE FOUNDATION
    EIN:
    42-1280907
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 1,964 0   0
    REAL ESTATE TAXES 8,978 8,978   0