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 01-01-2015 , and ending 12-31-2015
Name of foundation
The Roy F & Joann Cole Mitte Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1008 West Avenue
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Austin, TX78701
A Employer identification number

74-2766058
B Telephone number (see instructions)

(512) 233-5599
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$18,894,294J 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 3 3  
4 Dividends and interest from securities... 306,455 306,455  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 157,124
b Gross sales price for all assets on line 6a 3,542,351
7 Capital gain net income (from Part IV, line 2)... 157,124
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -346,081 -28,680  
12 Total. Add lines 1 through 11........ 117,501 434,902  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 78,850 30,119   29,372
14 Other employee salaries and wages...... 231,907 147,399   77,550
15 Pension plans, employee benefits....... 51,349 33,432   17,036
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 27,051 15,731   2,783
c Other professional fees (attach schedule).... Click to see attachment 91,044 59,626   23,740
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,888 38    
19 Depreciation (attach schedule) and depletion... Click to see attachment 24,695 14,817  
20 Occupancy.............. 31,256 14,762   15,271
21 Travel, conferences, and meetings....... 20,562 8,142   8,862
22 Printing and publications.......... 214 139    
23 Other expenses (attach schedule)....... Click to see list of attachments 66,062 39,703   21,983
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 624,878 363,908   196,597
25 Contributions, gifts, grants paid....... 653,900 438,400
26 Total expenses and disbursements. Add lines 24 and 25 1,278,778 363,908   634,997
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,161,277
b Net investment income (if negative, enter -0-) 70,994
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............. 255,476 135,301 135,301
2 Savings and temporary cash investments......... 535,990 320,309 320,309
3 Accounts receivable bullet21,330
Less: allowance for doubtful accounts bullet   29,836 21,330 21,330
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.......... 12,224 14,977 14,977
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,830,639 Click to see attachment7,476,936 7,476,936
c Investments—corporate bonds (attach schedule)....... 3,141,746 Click to see attachment3,025,071 3,025,071
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,333,897 Click to see attachment5,484,414 6,751,846
14 Land, buildings, and equipment: basis bullet1,642,698
Less: accumulated depreciation (attach schedule) bullet494,174 1,169,629 Click to see attachment1,148,524 1,148,524
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,309,437 17,626,862 18,894,294
Liabilities 17 Accounts payable and accrued expenses.......... 28,044 42,682
18 Grants payable.................. 157,000 372,500
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)......... 185,044 415,182
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 19,124,393 17,211,680
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)..... 19,124,393 17,211,680
31 Total liabilities and net assets/fund balances (see instructions). 19,309,437 17,626,862
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
19,124,393
2
Enter amount from Part I, line 27a .....................
2
-1,161,277
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
388,035
4
Add lines 1, 2, and 3 ..........................
4
18,351,151
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,139,471
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
17,211,680
Form 990-PF (2015)
Form 990-PF (2015)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b Capital gain distributions      
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 3,411,326   3,385,227 26,099
b 131,025     131,025
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       26,099
b       131,025
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 157,124
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 474,357 20,388,642 0.02327
2013 474,453 19,145,079 0.02478
2012 504,062 17,995,269 0.02801
2011 499,082 17,722,370 0.02816
2010 1,576,894 17,890,641 0.08814
2
Total of line 1, column (d) .....................
20.192361
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
0.038472
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
18,607,718
5
Multiply line 4 by line 3......................
5
715,876
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
710
7
Add lines 5 and 6........................
7
716,586
8
Enter qualifying distributions from Part XII, line 4.............
8
636,433
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 1,420
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,420
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,420
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 3,200
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 3,200
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 1,780
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,780 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.mittefoundation.org
    14
    The books are in care ofbulletColeith Molstad Telephone no.bullet (512) 233-5599

    Located atbullet1008 West AvenueAustinTX ZIP+4bullet78701
    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
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    Dilum Chandrasoma President
    2.00     		11,500    
    1008 West Avenue
    Austin,TX78701
    Robert Burton Treasurer
    1.00     		9,400    
    1008 West Avenue
    Austin,TX78701
    Dyna Mitte Secretary
    1.00     		9,400   1,550
    1008 West Avenue
    Austin,TX78701
    Dianne Carriere Board Director
    1.00     		9,400    
    1008 West Avenue
    Austin,TX78701
    Joseph C McCormick Board Director
    1.00     		9,400    
    1008 West Avenue
    Austin,TX78701
    James Mead Board Director
    1.00     		9,400    
    1008 West Avenue
    Austin,TX78701
    RJ Mitte Board Director
    1.00     		9,400    
    1008 West Avenue
    Austin,TX78701
    Denise Pierce Board Director
    1.00     		9,400    
    1008 West Avenue
    Austin,TX78701
    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
    Carolyn Molstad Executive Director
    40.00     		164,681 21,992  
    1008 West Avenue
    Austin,TX78701
    Julie Gunn Office Mgr
    40.00     		67,226 13,357  
    1008 West Avenue
    Austin,TX78701
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 The Foundation provides the use of its Carriage House property at no charge to nonprofit organizations for their use in capacity building activities, such as board training sessions, planning meetings, and collaborative discussions. 68,045
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    13,150,666
    b
    Average of monthly cash balances.......................
    1b
    208,614
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,531,804
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,891,084
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    18,891,084
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    283,366
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,607,718
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    930,386
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    930,386
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,420
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,420
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    928,966
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    928,966
    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
    928,966
    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
    634,997
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    1,436
    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
    636,433
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    636,433
    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 7 928,966
    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...... 410,148
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 410,148
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 636,433
    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)........     		0
    d Applied to 2015 distributable amount..... 636,433
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015. 292,533 292,533
    (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 5 117,615
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		117,615
    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
     
    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:
    Coleith Molstad
    1008 West Avenue
    Austin,TX78701
    (512) 233-5579
    bThe form in which applications should be submitted and information and materials they should include:
    Go to www.mittefoundation.org for application
    cAny submission deadlines:
    Go to www.mittefoundation.org for application deadlines
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Go to www.mittefoundation.org for restrictions
    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
    Boy Scouts of Amer Capitol Area
    7540 Ed Bluestein Blvd
    Austin,TX78723     		N/A PC Austin Scout STEAM camp scholarships 10,000
    Salvation Army
    PO Box 1000
    Austin,TX78767     		N/A PC Emergency shelter operations 10,000
    Friends of the Bertram Free Library
    170 N Gabriel Street
    Bertram,TX78605     		N/A PC Re-roof Bertram Library Thrift Store and othermaintenance issuses 15,000
    Austin Habitat for Humanity
    310 Comal St
    Austin,TX78702     		N/A PC 2015 Home repair program 10,000
    Capital Area Food Bank of Texas Inc
    8201 S Congress Ave
    Austin,TX78745     		N/A PC Healthy Options Program for the Elderly (HOPE) 10,000
    Meals on Wheels and More
    PO Box 6248
    Austin,TX78762     		N/A PC Meals on Wheels program 5,000
    Austin Groups for the Elderly
    3710 Cedar Street
    Austin,TX78705     		N/A PC Caregiver Resources program 10,000
    Austin Child Guidance Center
    810 W 45th St
    Austin,TX78751     		N/A PC Childrens mental health services for low-income families 10,000
    College Forward
    312 Murray St
    Manor,TX78653     		N/A PC Austin College Access and Success program 10,000
    Easter Seals Central Texas
    910 W Anderson Ln
    Austin,TX78757     		N/A PC Ability Assistance program 10,000
    Texas Ramp Project
    PO Box 832065
    Richardson,TX75083     		N/A PC Austin Ramp Project 5,000
    Austin Children's Museum
    1830 Simond Ave
    Austin,TX78723     		N/A PC Volunteen program 10,000
    Family Eldercare
    1700 Rutherford Ln
    Austin,TX78754     		N/A PC Helping seniors remain independent, safe and healthy 10,000
    Boys and Girls Club of Austin and T
    5407 N IH 35 Ste 400
    Austin,TX78723     		N/A PC Academic success programming at East AustinCollege Prep and Dailey Middle School 10,000
    Kids in a New Groove
    3300 Bee Cave Rd
    Austin,TX78746     		N/A PC Lessons are the Lifeline program 10,000
    Greenlights for Nonprofit Success
    8303 N Mopac Expressway
    Austin,TX78759     		N/A PC Accessible, free meeting space for Greenlights'members 25,000
    Bulverde-Spring Branch EMS
    PO Box 38
    Spring Branch,TX78070     		N/A PC Marketing home health visits for seniors 7,200
    Council on Foundations
    2121 Crystal Dr Ste 700
    Arlington,VA22202     		N/A PC 2015 Membership Dues 1,700
    Interfaith Action of Central Texas
    2921 E 17th St 3
    Austin,TX78702     		N/A PC Hands on Housing program 10,000
    Changing Expectations Corp
    PO Box 1965
    Round Rock,TX78680     		N/A PC 2015, 2016 VEX robotics & computer codingclubs for AISD Lanier High & Burnet Middle Schools 10,000
    Austin Clubhouse
    PO Box 300568
    Austin,TX78703     		N/A PC Employment programming expansion 10,000
    Skillpoint Alliance
    201 E 2nd St
    Austin,TX78701     		N/A PC Enhancing Science, Technology, Engineeringand Math (STEM) programs 10,000
    Austin Free-Net
    2209 Rosewood Ave
    Austin,TX78702     		N/A PC Techno-Women 10,000
    Breakthrough Austin
    1050 E 11th St Ste 350
    Austin,TX78702     		N/A PC High school programming 12,000
    Con Mi Madre
    1925 San Jacinto Blvd
    Austin,TX78712     		N/A PC College preparation and access program 5,000
    Operation Finally Home
    1659 State Hwy 46 West Suite 11
    New Braunfels,TX78132     		N/A PC Mortgage-free homes for wounded veterans 10,000
    ROCK Ride on Center for Kids
    PO Box 2422
    Georgetown,TX78627     		N/A PC Therapy for children and adults with disabilities 5,000
    University of Texas Foundation
    PO Box 250
    Austin,TX78767     		N/A PC UT Outreach Center 10,000
    Providence Baptist Church
    Clifton Ave
    Rockford,IL61102     		N/A PC Emergency crisis funds 2,000
    Girl Scouts of Central Texas Inc
    12012 Park Thirty-Five Circle
    Austin,TX78753     		N/A PC Tech Girls 10,000
    Mobile Loaves Fishes Inc
    903 S Capital of Texas Hwy
    Austin,TX78746     		N/A PC Community First! Village 10,000
    Welcome Table Inc
    1941 Webberville Rd
    Austin,TX78721     		N/A PC General support 5,000
    African American Youth Harvest Fdn
    6633 Highway 290 East 307
    Austin,TX78723     		N/A PC Expansion of TechWiz & Krew12 afterschool programs 15,000
    Camp Fire
    PO Box 303040
    Austin,TX78703     		N/A PC Summer camp for teens 10,000
    Children's Museum of Brownsville
    501 E Ringgold Ste 5
    Brownsville,TX78520     		N/A PC Cultural center HVAC system 15,000
    Philanthropy Southwest
    624 North Good-Latimer Expressway
    Dallas,TX75204     		N/A PC Grant in lieu of 2015 membership dues 500
    Raegan Bass
    320 E 6th Street
    Flatonia,TX78941     		None I Scholarship 10,000
    Carli Bova-Chezem
    337 Red Bluff
    Spicewood,TX78669     		None I Scholarship 10,000
    Brianna Gaetz
    215 Glennbrook
    New Braunfels,TX78130     		None I Scholarship 10,000
    Brittnee Limuel
    PO Box 1124
    Manor,TX78653     		None I Scholarship 10,000
    Emily Moseley
    21825 Surrey Lane
    Lago Vista,TX78645     		None I Scholarship 10,000
    Anna Nemec
    1720 Kimbro Street
    Taylor,TX76574     		None I Scholarship 10,000
    Sohmer Peterson
    710 Elm Grove Road
    Seguin,TX78155     		None I Scholarship 10,000
    Mallory Vrazel
    8205 West US Hwy 90
    Schulenburg,TX78956     		None I Scholarship 10,000
    Brittany Walker
    14394 US Highway 90A W
    Gonzales,TX78629     		None I Scholarship 10,000
    Collin Warwick
    1617 Cattle Trail
    Austin,TX78748     		None I Scholarship 10,000
    Total .................................bullet 3a 438,400
    bApproved for future payment
    Goodwill Industries of Central Texa
    1015 Norwood Park Blvd
    Austin,TX78753     		N/A PC Goodwill Deaf services 10,000
    Arc of the Capital Area
    2818 San Gabriel St
    Austin,TX78705     		N/A PC Juvenile justice services 10,000
    Greenlights for Nonprofit Success
    8303 N Mopac Expressway
    Austin,TX78759     		N/A PC Support for Austin nonprofits through free meeting space for Greenlights'members 25,000
    Austin Community College
    5930 Middle Fiskville Rd
    Austin,TX78752     		N/A GOV ACC Foster Care Alumni: Prepped for Success 10,000
    Drive a Senior Southwest
    3801 N Capital of TX Hwy E240-77
    Austin,TX78746     		N/A PC Volunteer program 5,000
    C5 Youth Foundation of Texas
    3012 Industrial Ter
    Austin,TX78758     		N/A PC C5 Youth Foundation of Texas leadership program 10,000
    CASA of Travis County
    7701 N Lamar Blvd Ste 301
    Austin,TX78752     		N/A PC Trauma-informed care for teens in the foster care system 10,000
    Helping Hand Home for Children
    3804 Avenue B
    Austin,TX78751     		N/A PC Therapeutic enrichment activities for children in residential treatment 10,000
    Seton Healthcare The Seton Fund
    1345 Philomena St
    Austin,TX78723     		N/A PC GENERATIONS intensive outpatient program 10,000
    YMCA of Austin
    Metro Offices 1402 E Cesar Chavez
    Austin,TX78702     		N/A PC YMCA youth and government 10,000
    Austin Groups for the Elderly
    3710 Cedar St 155
    Austin,TX78705     		N/A PC Caregiver Resources program 10,000
    Austin Speech Labs
    7800 Shoal Creek Blvd Ste 136-S
    Austin,TX78757     		N/A PC Intensive speech therapy combined with music therapy to help stroke survivorsrecover communication 10,000
    Helping the Aging Needy Disabled In
    1640B E 2nd St Ste 200
    Austin,TX78702     		N/A PC Independent care special attendant(s) 10,000
    E3 Alliance
    5930 Middle Fiskville Rd No 505
    Austin,TX78752     		N/A PC RAISEup Texas expansion initiative 20,000
    Spirit Reins
    2055 County Rd 284
    Liberty Hill,TX78642     		N/A PC Reining in Trauma: Mental health services for children and families 10,000
    Con Mi Madre
    1925 San Jacinto Blvd
    Austin,TX78712     		N/A PC College preparation and access program 10,000
    Meals on Wheels and More
    PO Box 6248
    Austin,TX78762     		N/A PC Meals on Wheels program 10,000
    ROCK Ride On Center for Kids
    PO Box 2422
    Georgetown,TX78627     		N/A PC Equine therapy for children and adults with disabilities 5,000
    Texas Ramp Project
    PO Box 832065
    Richardson,TX75083     		N/A PC Austin East Ramp Project 5,000
    Operation Finally Home
    1659 State Hwy 46 West Suite 11
    New Braunfels,TX78132     		N/A PC Mortgage-free homes for wounded veterans 10,000
    Austin Child Guidance Center
    810 W 45th St
    Austin,TX78751     		N/A PC Underserved children mental health programs 10,000
    Austin Children's Museum
    1830 Simond Ave
    Austin,TX78723     		N/A PC Volunteen program 5,000
    Austin Habitat for Humanity
    310 Comal St
    Austin,TX78702     		N/A PC 2015 Home repair program 12,500
    Boy Scouts of Amer Capitol Area
    7540 Ed Bluestein Blvd
    Austin,TX78723     		N/A PC Austin Scout STEAM camp scholarships 12,500
    Boys and Girls Club of Austin and T
    5407 N IH 35 Ste 400
    Austin,TX78723     		N/A PC Academic success programming at East AustinCollege Prep and Dailey Middle School 5,000
    Capital Area Food Bank of Texas Inc
    8201 S Congress Ave
    Austin,TX78745     		N/A PC Healthy Options Program for the Elderly (HOPE) 5,000
    Changing Expectations Corp
    PO Box 1965
    Round Rock,TX78680     		N/A PC 2015, 2016 VEX robotics & computer codingclubs for AISD Lanier High & Burnet Middle Schools 5,000
    Salvation Army
    PO Box 1000
    Austin,TX78767     		N/A PC Emergency shelter operations 5,000
    Skillpoint Alliance
    201 E 2nd St
    Austin,TX78701     		N/A PC Enhancing Science, Technology, Engineeringand Math (STEM) programs 5,000
    Austin Public Education Foundation
    1111 W 6th Street Ste D-300
    Austin,TX78703     		N/A PC Austin Ed Fund innovation grants program 10,000
    Austin Partners in Education
    8000 Centre Park Dr Ste 220
    Austin,TX78754     		N/A PC College readiness program 15,000
    Candlelight Ranch Foundation
    PO Box 26367
    Austin,TX78755     		N/A PC The Homestead Project at Candlelight Ranch 10,000
    The Care Communities
    PO Box 4936
    Austin,TX78765     		N/A PC General operating for Care Teams and Peer Matches 7,500
    Family Eldercare
    1700 Rutherford Ln
    Austin,TX78754     		N/A PC Helping seniors remain independent, safe and healthy 5,000
    Equine Rehabilitation Central Texas
    12400 Wire Rd
    Leander,TX78641     		N/A PC Hopeful Hearts Equine: An assisted therapies scholarship program 5,000
    Foster Angels of Central Texas
    PO Box 152575
    Austin,TX78715     		N/A PC Educational assistance for children in central Texas foster care 15,000
    Girlstart
    1400 W Anderson Ln
    Austin,TX78757     		N/A PC Girlstart After School: STEM education for high-need central Texas girls 5,000
    Community Partnership for the Homel
    PO Box 685065
    Austin,TX78768     		N/A PC Supportive services for veterans and people with disabilities 10,000
    Red Arena
    1601 Bell Springs Rd
    Dripping Spgs,TX78620     		N/A PC Staff support 10,000
    TILT
    4012 Sierra Dr
    Austin,TX78731     		N/A PC Transportation and support of actors 5,000
    Total .................................bullet 3b 372,500
    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 3  
    4 Dividends and interest from securities....     14 306,455  
    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 ............     		    18 157,124  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aK-1 Income     		525990 -317,401 14 -28,680  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -317,401 434,902  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13117,501
    (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: 15000324
    Software Version: 2015v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit of financial statements 15,082 9,049 0 0
    Bookkeeping 6,958 4,175 0 2,783
    Tax compliance 5,011 2,507 0 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 Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    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
    Computer Equipment 2009-01-01 46,001 44,480 SL 5.0000 741 445    
    Furniture & Fixtures 2009-01-01 200,320 179,375 SL 10.0000 2,977 1,786    
    Building 2009-01-01 799,794 188,700 SL 40.0000 20,977 12,586    

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MFC Special Opportunities Fd Inc 247,381 247,381
    MFO Blackrock Fds High Yield Bd 549,466 549,466
    MFC Flexshares Tr IBoxx 3 yr TIPS Fd 90,675 90,675
    MFC Vanguard Scottsdale Fds Vanguard 66,352 66,352
    MFB Northern Fds Bd Index Fd 1,959,434 1,959,434
    Northern Multi-Manager Emerging Mkts Dbt 111,763 111,763

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    15,000 shs First Atlantic Financial Hold 151,050 151,050
    MFB Northn Fds Multi-Manager Emerging Mk 449,285 449,285
    MFB Northn Intl Eqty Index Fd 948,812 948,812
    MFB Northn Multi-Manager Intl Eq Fd 501,597 501,597
    MFB Northern Fds Stk Index Fd 1,518,241 1,518,241
    MFB Northn Multi-Manager Mid Cap Fd 169,850 169,850
    MFB Northn Multi-Manager Small Cap Fd 173,136 173,136
    MFO Delaware Value Fund I 295,090 295,090
    MFO HBR Fd Cap Appreciation Fd 248,591 248,591
    MFC Flexshares Tr Morningstar Global Ups 233,625 233,625
    MFO Pimco Fds PAC Invt Mgmt Ser 118,826 118,826
    Brookfield Asset Mgmt Inc Cl A 144,943 144,943
    Fairfax Finl Hldgs Ltd Sub Vtg 174,741 174,741
    Alleghany Corp Del Com 128,085 128,085
    Americas Car-Mart Inc 84,794 84,794
    Berkshire Hathaway Cl B 152,902 152,902
    Capital Southwest Corp 36,102 36,102
    Colfax Corp 227,709 227,709
    Core Laboratories 186,380 186,380
    CSW Industrials Inc 97,980 97,980
    Expeditors Intl Wash Inc 86,592 86,592
    Greenlight Capital RE Ltd Cl A 213,313 213,313
    Interactive Intelligence Group 131,021 131,021
    Kinder Morgan Inc 72,228 72,228
    Leucadia Natl Corp 79,681 79,681
    Post Hldgs Inc 70,893 70,893
    Reald Inc 72,004 72,004
    Ultra Pete Corp 90,908 90,908
    Weyerhaeuser Co 77,708 77,708
    White Mountains Insurance Group 191,151 191,151
    Intl FCStone Inc 196,026 196,026
    MFC Vanguard FTSE Emerging Mkts ETF 153,672 153,672

    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WC 8201 Burnet LP AT COST 402,921 990,000
    WC Campbell Business Center, LP FMV 361,800 326,243
    WC Lake Mary Office, LP AT COST 500,000 440,649
    WC 3rd and Congress, LP AT COST 1,000,000 1,838,583
    WC 1st and Trinity, LP AT COST 2,000,000 1,845,062
    WC Cary Center, LP AT COST   91,616
    UBS (US) Trumbull Property Fund LP AT COST 1,043,813 1,043,813
    Brookfield Pptys Ltd FMV 175,880 175,880

    TY 2015 LandEtcSchedule2
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 200,319 182,353 17,966 17,966
    Machinery and Equipment 102,924 102,144 780 780
    Buildings 799,794 209,677 590,117 590,117
    Land 539,661   539,661 539,661


    TY 2015 OtherDecreasesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Amount
    Unrealized decline in value of investments 1,139,471


    TY 2015 OtherExpensesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank charges 204 204    
    Dues/Memberships 11,815 1,180   10,635
    Equipment Rental 5,876 3,819   2,057
    Insurance 14,925 9,702   909
    Internet Expense 1,991 1,294   697
    K-1 expenses 16,826 16,797    
    Licenses/Permits/Software 4,364 561   3,750
    Marketing-Hospitality 150     150
    Office supplies 2,158 1,404   735
    Postage 719 467   265
    Telephone 7,034 4,275   2,785


    TY 2015 OtherIncomeSchedule2
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Income -346,081 -28,680  


    TY 2015 OtherIncreasesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Amount
    Change in deferred tax liability 25,128
    K-1 Loss not recorded per books 362,907


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Computer support services 65 42 0 23
    Investment management fees 58,359 58,359 0 0
    Payroll service fees 1,885 1,225 0 660
    Scholarship program administration 30,735 0 0 23,057


    TY 2015 TaxesSchedule
    Name:
    The Roy F & Joann Cole Mitte Foundation
    EIN:
    74-2766058
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise tax 1,850      
    Property tax 38 38