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 ROBERT E FRAZIER TRI-CITY AREA
CHARITABLE FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)333 WEST VINE STREET NO 1500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LEXINGTON, KY40507
A Employer identification number

45-3278636
B Telephone number (see instructions)

(859) 255-8581
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$7,277,608J 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 259 259  
4 Dividends and interest from securities... 144,631 107,051  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 40,088
b Gross sales price for all assets on line 6a 2,920,157
7 Capital gain net income (from Part IV, line 2)... 40,088
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........ 184,978 147,398  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 16,500 750   15,750
14 Other employee salaries and wages...... 14,400 0   14,400
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 9,054 0   5,414
b Accounting fees (attach schedule)....... Click to see attachment 29,842 3,741   26,101
c Other professional fees (attach schedule).... Click to see attachment 32,524 29,430   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,773 671   1,102
19 Depreciation (attach schedule) and depletion... Click to see attachment 654 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 608 23   585
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,930 5   5,925
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 121,285 34,620   69,277
25 Contributions, gifts, grants paid....... 315,912 315,912
26 Total expenses and disbursements. Add lines 24 and 25 437,197 34,620   385,189
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -252,219
b Net investment income (if negative, enter -0-) 112,778
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............. 7,408 17,815 17,815
2 Savings and temporary cash investments......... 299,232 202,220 202,220
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.......... 257 193 193
10a Investments—U.S. and state government obligations (attach schedule) 1,777,419 Click to see attachment1,619,742 1,663,783
b Investments—corporate stock (attach schedule)....... 2,230,875 Click to see attachment1,662,317 1,687,060
c Investments—corporate bonds (attach schedule)....... 794,463 Click to see attachment1,145,228 1,142,588
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,758,212 Click to see attachment2,968,786 2,562,668
14 Land, buildings, and equipment: basis bullet3,391
Less: accumulated depreciation (attach schedule) bullet2,110 1,935 Click to see attachment1,281 1,281
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,869,801 7,617,582 7,277,608
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) Click to see attachment131 Click to see attachment131
23 Total liabilities (add lines 17 through 22)......... 131 131
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........ 7,869,670 7,617,451
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 7,869,670 7,617,451
31 Total liabilities and net assets/fund balances (see instructions). 7,869,801 7,617,582
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
7,869,670
2
Enter amount from Part I, line 27a .....................
2
-252,219
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,617,451
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
7,617,451
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 GAINS DIVIDENDS P    
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 2,840,211   2,880,069 -39,858
b 79,946     79,946
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       -39,858
b       79,946
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 40,088
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 360,753 7,794,045 0.046286
2013 339,837 7,018,873 0.048418
2012 119,387 6,610,469 0.018060
2011 0 5,966,192 0.000000
2010      
2
Total of line 1, column (d) .....................
20.112764
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
0.033764
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
7,578,641
5
Multiply line 4 by line 3......................
5
255,885
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,128
7
Add lines 5 and 6........................
7
257,013
8
Enter qualifying distributions from Part XII, line 4.............
8
385,189
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 1,128
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 1,128
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 1,128
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 5,000
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 5,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,872
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,200 RefundedBullet 11 2,672
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
     
    No
    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)
    bulletKY
    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 .Click to see attachment
    8b
     
    No
    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
    Yes
     
    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.ROBERTEFRAZIERFOUNDATION.ORG
    14
    The books are in care ofbulletGREENE & GREENE CPAS Telephone no.bullet (606) 248-3456

    Located atbullet2201 1/2 CUMBERLAND AVENUEMIDDLESBOROKY ZIP+4bullet409652832
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CHARLES D COLE PRESIDENT/DIRECTOR
    2.00     		9,000 0 1,500
    1104 FONTAINE ROAD
    LEXINGTON,KY40502
    ALMA CORNETT SECRETARY/DIRECTOR
    0.00     		0 0 1,500
    604 SPRING STREET
    CUMBERLAND,KY40823
    LOYAL R HOGUE DIRECTOR
    0.00     		0 0 1,500
    120 BILLIPS AVENUE
    CUMBERLAND,KY40823
    VERA ISON TREASURER/DIRECTOR
    0.00     		0 0 1,500
    5680 KENTUCKY HIGHWAY 699
    SLEMP,KY41763
    ROGER M ROPER DIRECTOR
    0.00     		0 0 1,500
    395 REDDING ROAD 52
    LEXINGTON,KY40517
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    7,452,040
    b
    Average of monthly cash balances.......................
    1b
    242,012
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,694,052
    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
    7,694,052
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    115,411
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,578,641
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    378,932
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    378,932
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,128
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,128
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    377,804
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    377,804
    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
    377,804
    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
    385,189
    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
    385,189
    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
    1,128
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    384,061
    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 7 377,804
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 337,709
    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$ 385,189
    a Applied to 2014, but not more than line 2a 337,709
    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..... 47,480
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		330,324
    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 ......     		0
    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:
    BOBBIE GOTHARD
    506 WEST MAIN STREET
    CUMBERLAND,KY40823
    (606) 589-5151
    TCMAINSTREET@WINDSTREAM.NET
    bThe form in which applications should be submitted and information and materials they should include:
    REQUEST FOR GRANTS MUST BE SUBMITTED PURSUANT TO THE FOUNDATION'S GRANT APPLICATION PROCESS. TO FACILITATE THE PROCESS THE FOUNDATION HAS PRODUCED DOCUMENTS TITLED "GRANT GUIDELINES," "GRANT APPLICATION INSTRUCTIONS, AND "BUDGET INFORMATION FORM." THESE DOCUMENTS ARE AVAILABLE AT THE ADDRESS FOR SUBMITTING GRANT APPLICATIONS IDENTIFIED AT ITEM 2A ABOVE. EACH GRANT APPLICATION REQUIRES SPECIFIC INFORMATION REGARDING THE POTENTIAL DONEE ORGANIZATION TO INCLUDE DOCUMENTATION OF RECOGNIZED PUBLIC CHARITY STATUS, CURRENT FINANCIAL INFORMATION, THE ORGANIZATION'S MISSION, AND MATERIAL SERVICES PROVIDED. IN ADDITION, A DETAILED DESCRIPTION OF THE PROPOSED PROJECT IS REQUIRED ALONG WITH APPLICABLE BUDGET INFORMATION RELATING TO THE PROJECT.
    cAny submission deadlines:
    BY APRIL 30 AND OCTOBER 31 TO BE CONSIDERED IN SEMI-ANNUAL MEETINGS IN MAY AND NOVEMBER.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE AWARDED TO DOMESTIC QUALIFIED 501(C)(3) CHARITABLE ORGANIZATIONS FOR WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER CODE SECTIONS 170(C), 2055(A), AND 2522(A) AND ARE LIMITED TO CONTRIBUTIONS THAT PRIMARILY BENEFIT THE CITY AND CITIZENRY OF CUMBERLAND, KENTUCKY, AND THE TRI-CITY AREA OF CUMBERLAND, BENHAM, AND LYNCH, KENTUCKY. GRANT RECIPIENTS ARE SELECTED BASED ON MERIT WITH PREFERENCE GIVEN TO GRANTS WHICH ARE SUBJECT TO MATCHING AWARDS. THE FOUNDATION WILL NOT MAKE GRANTS TO OR FOR INDIVIDUALS; RELIGIOUS ORGANIZATIONS FOR RELIGIOUS PURPOSES; FUNDS SPENT OUTSIDE CUMBERLAND, BENHAM, AND LYNCH, KENTUCKY, OR THE IMMEDIATELY SURROUNDING AREAS; INTERNATIONAL ORGANIZATIONS WITHOUT A QUALIFIED DOMESTIC 501(C)(3) REPRESENTATIVE; PRIVATE FOUNDATIONS (OTHER THAN OPERATING FOUNDATIONS); ENDOWMENTS OR OTHER DISCRETIONARY FUNDING POOLS; DINNERS, BALLS, OR OTHER TICKETED EVENTS; POLITICAL PURPOSES; LOBBYING ACTIVITIES; AND PURPOSES OUTSIDE THE FOUNDATION'S SPECIFIED FUNDING PRIORITIES.
    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
    CITY OF BENHAM KENTUCKY
    230 MAIN STREET
    BENHAM,KY40807     		N/A PC FUND PURCHASE OF PLAYGROUND EQUIPMENT FOR TWO PUBLIC PARKS. 23,013
    CITY OF CUMBERLAND KENTUCKY (#1)
    402 WEST MAIN STREET
    CUMBERLAND,KY40807     		N/A PC MATCHING FUNDS WITH UNITED STATES DEPARTMENT OF AGRICULTURE GRANT FOR PURCHASE OF THREE POLICE VEHICLES. 36,048
    CITY OF CUMBERLAND KENTUCKY (#2)
    402 WEST MAIN STREET
    CUMBERLAND,KY40823     		N/A PC FUND PURCHASE OF STREET LIGHT BASES WITH LED BULBS FOR INSTALLATION IN AREA OF SENIOR CITIZENS FACILITY. 2,575
    CITY OF LYNCH KENTUCKY
    6 EAST MAIN STREET
    LYNCH,KY40855     		N/A PC FUND PHASE I CONSTRUCTION OF PRIMITIVE CAMPGROUND AT MUNICIPAL PARK TO SERVE HORSEBACK RIDERS USING EXISTING PUBLIC TRAIL SYSTEM. 20,000
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#1)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A PC FUND PURCHASE OF COMPUTERS WITH SOFTWARE AND ASSOCIATED EQUIPMENT CONFIGURED TO PROMOTE REINFORCEMENT OF MATH, SCIENCE, SOCIAL STUDIES, AND READING AND WRITING CONCEPTS. 40,991
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#2)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A PC FUND PURCHASE OF UNIFORMS, SAFETY EQUIPMENT, AND PRACTICE SLED FOR SCHOOL FOOTBALL TEAM. 18,300
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#3)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A PC FUND PURCHASE OF STUDY MATERIALS, TEAM SHIRTS, AND AWARDS AND EXPENSES OF END-OF-YEAR CELEBRATION TRIP FOR ACADEMIC TEAM.FUND PURCHASE OF STUDY MATERIALS, TEAM SHIRTS, AND AWARDS AND EXPENSES OF END-OF-YEAR CELEBRATION TRIP FOR ACADEMIC TEAM. 5,000
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#4)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A PC FUND PURCHASE OF FOOD ITEMS FOR WEEKEND "BACKPACK" NUTRITION PROGRAM FOR ECONOMICALLY DISADVANTAGED CHILDREN. 8,000
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#5)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A PC FUND PURCHASE 100 TI 30 CALCULATORS TO PROMOTE LEARNING IN 5TH GRADE MATH CLASSES. 2,000
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#6)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A PC FUND PURCHASE OF EQUIPMENT AND EXPENSE OF TRAVEL FOR SCHOOL BASEBALL TEAM. 6,000
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#7)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A PC FUND PURCHASE OF IPADS FOR CLASSROOM USE TO REINFORCE MATH CONCEPTS AND PROMOTE READING AND WRITING PROFICIENCY. 5,628
    HARLAN COUNTY KENTUCKY FISCAL COURT (#1)
    210 EAST CENTRAL STREET
    HARLAN,KY40831     		N/A PC FUND PURCHASE OF EQUIPMENT AND SUPPLIES FOR MAINTENANCE AND OPERATION OF PUBLIC GOLF COURSE. 13,338
    HARLAN COUNTY KENTUCKY FISCAL COURT (#2)
    210 EAST CENTRAL STREET
    HARLAN,KY40831     		N/A PC FUND BUILDING IMPROVEMENTS AND UPGRADE TO SOUND SYSTEM FOR PUBLIC SENIOR CITIZENS FACILITY. 2,019
    HARLAN COUNTY KENTUCKY FISCAL COURT (#3)
    210 EAST CENTRAL STREET
    HARLAN,KY40831     		N/A PC MATCHING FUNDS WITH KENTUCKY DEPARTMENT OF TRANSPORTATION FOR CONSTRUCTION OF PUBLIC TRAIL SYSTEM IN TRI-CITY AREA OF CUMBERLAND, BENHAM, AND LYNCH, KENTUCKY. 50,000
    SOUTHEAST EDUCATION FOUNDATION INC
    700 COLLEGE ROAD
    CUMBERLAND,KY40823     		N/A PC FUND ART EDUCATION PROGRAM FOR CREATIVE DEVELOPMENT CENTER AT SOUTHEAST KENTUCKY COMMUNITY AND TECHNICAL COLLEGE, CUMBERLAND, KENTUCKY. 33,000
    SOUTHEAST EDUCATION FOUNDATION INC
    700 COLLEGE ROAD
    CUMBERLAND,KY40823     		N/A PC FUND RESTORATION OF TELEVISION BROADCAST FACILITY AT SOUTHEAST KENTUCKY COMMUNITY AND TECHNICAL COLLEGE, CUMBERLAND, KENTUCKY. 50,000
    Total .................................bullet 3a 315,912
    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 ...........     		        259
    4 Dividends and interest from securities....         144,631
    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 ............     		        40,088
    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 0 184,978
    13Total. Add line 12, columns (b), (d), and (e)..................
    13184,978
    (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.)
    3 INCOME EARNED TO SUPPORT CHARITABLE CONTRIBUTIONS OR GRANTS
    4 INCOME EARNED TO SUPPORT CHARITABLE CONTRIBUTIONS OR GRANTS
    8 INCOME EARNED TO SUPPORT CHARITABLE CONTRIBUTIONS OR GRANTS
    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:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX RETURN PREPARATION 29,842 3,741   26,101

    TY 2015 CompensationExplanation
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Person Name Explanation
    DIRECTORS AND OFFICERS THE DIRECTORS AND OFFICERS SERVE ON A VOLUNTARY BASIS. HOWEVER, FOR 2015 A STIPEND OF $750 WAS PAID TO EACH DIRECTOR (OFFICERS OF THE CORPORATION ARE ALSO DIRECTORS) FOR ATTENDANCE AT PERIODIC TO COVER TRAVEL AND INCIDENTAL EXPENSES RELATING TO THEIR DUTIES AND RESPONSIBILITIES. IN ADDITION, COMPENSATION FOR THE PRESIDENT, EXCLUSIVE OF THE PER-MEETING FEES, AMOUNTED TO $9,000 FOR 2015.

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

    TY 2015 DepreciationSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    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 2012-10-01 2,959 1,332 SL 5.000000000000 592 0    
    COMPUTER DESK 2012-12-27 432 124 SL 7.000000000000 62 0    

    TY 2015 ExplnOfNonFilingWithAGStmt
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Statement:
    PURSUANT TO KENTUCKY REVISED STATUTE 367.657, ONLY ORGANIZATIONS SOLICITING CONTRIBUTIONS ARE REQUIRED TO FILE FORM 990 (FORM 990-PF) WITH THE SECRETARY OF STATE. THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE TRUST FOUNDATION HAS NOT SOLICITED CONTRIBUTIONS IN KENTUCKY OR IN OTHER STATES.

    TY 2015 GeneralExplanationAttachment
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Identifier Return Reference Explanation
    DISREGARDED SINGLE-MEMBER LLC FORM 990-PF, PART VII-A, LINE 11 THIS FORM 990-PF FOR THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC. INCLUDES THE TRANSACTIONS FOR ITS SINGLE-MEMBER LIMITED LIABILITY COMPANY, THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE GRANT FOUNDATION, LLC (46-4387129). THE LIMITED LIABILITY COMPANY WAS ORGANIZED TO HANDLE DAILY OPERATIONS, GRANT-MAKING PROCESSES, AND RELATED ADMINISTRATION, AND THEREBY SEPARATE THESE FUNCTIONS FROM THE INVESTMENT ACTIVITIES PERFORMED BY ITS SOLE MEMBER, THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC. ALTHOUGH A SEPARATE ENTITY FROM ITS SOLE MEMBER, THE LIMITED LIABILITY COMPANY IS A DISREGARDED ENTITY PURSUANT TO THE PROVISIONS OF TREASURY REGULATION PARAGRAPHS 301.7701-2(C)(2)(I) AND 301.7701-3(B)(1)(II) UNDER THE INTERNAL REVENUE CODE OF 1986.
    ELECTION TO AMORTIZE BOND PREMIUMS FORM 990-PF, PART I, LINE 4 THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC., AS SUCCESSOR TO THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE TRUST FOUNDATION IN A COMPLETE TRANSFER OF ASSETS EFFECTED IN CALENDAR YEAR 2014 PURSUANT TO INTERNAL REVENUE CODE SECTION 507(B)(2), RELATED TREASURY REGULATIONS 1.507-3(C)(1) AND 1.507-4(B), AND REVENUE RULING 2002-28, CONTINUES TO AMORTIZE BOND PREMIUMS PURSUANT TO ELECTION UNDER INTERNAL REVENUE CODE SECTION 171(C) AND RELATED TREASURY REGULATION 1.171-4(A) INITIALLY MADE FOR THE 2013 CALENDAR YEAR BY THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE TRUST FOUNDATION.

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY FIN 1.3% DTD 5/15/13 99,261 99,166
    BP CAPITAL MKTS 2.241% DTD 9/26/13 151,703 150,456
    COCA-COLA CO 1.65% DTD 11/1/13 150,624 151,251
    DEERE & CO 1.2% DTD 9/7/12 150,306 149,454
    GENERAL ELECTRIC CAPITAL CORP 5.625% DTD 4/21/08 109,030 109,060
    INTEL CORP 3.3% DTD 9/19/11 156,173 155,373
    JP MORGAN CHASE & CO 2% DTD 8/20/12 101,438 100,339
    ORACLE CORP 2.375% DTD 7/16/13 126,657 126,930
    WELLS FARGO & CO 2.15% DTD 10/28/13 100,036 100,559

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Name of Stock End of Year Book Value End of Year Fair Market Value
    103 SHARES WALGREENS BOOTS ALLIANCE INC COMMON 9,806 8,771
    107 SHARES TRIP ADVISOR INC COMMON 9,806 9,122
    108 SHARES COACH INC COMMON 3,783 3,535
    109 SHARES NXP SEMICONDUCTORS NV COMMON 9,966 9,183
    12 SHARES BERKSHIRE HATHAWAY INC DEL CL B COMMON 1,532 1,584
    126 SHARES DELPHI AUTOMOTIVE PLC COMMON 9,882 10,802
    129 SHARES GILEAD SCIENCES INC COMMON 15,160 13,054
    140 SHARES BRISTOL-MYERS SQUIBB CO COMMON 9,707 9,631
    150 SHARES NOW INC COMMON 4,689 2,373
    152 SHARES COMCAST CORP COMMON 9,719 8,577
    174 SHARES JARDEN CORP COMMON 9,673 9,939
    174 SHARES STARBUCKS CORP COMMON 9,733 10,445
    176 SHARES EATON CORPORATION PLC COMMON 10,763 9,159
    177 SHARES UNITED CONTINENTAL HOLDINGS INC COMMON 9,888 10,142
    184 SHARES BROADCOM CORP COMMON 9,801 10,639
    19 SHARES M & T BANK COMMON 2,303 2,302
    194 SHARES POTASH CORPORATION OF SASKATCHEWAN COMMON 7,549 3,321
    20,030 SHARES OF BB&T CORP COMMON 740,209 757,334
    204 SHARES APPLE INC COMMON 14,976 21,473
    216 SHARES EXPRESS SCRIPTS HOLDING CO COMMON 14,668 18,881
    231 SHARES QUALCOMM INC COMMON 15,478 11,546
    24 SHARES BIOGEN INC COMMON 9,793 7,352
    268 SHARES SALESFORCE.COM INC COMMON 9,315 21,011
    272 SHARES HD SUPPLY HOLDINGS INC COMMON 9,757 8,168
    273 SHARES UNITEDHEALTH GROUP INC COMMON 32,610 32,116
    277 SHARES CHECKPOINT SOFTWARE TECHNOLOGY COMMON 23,494 22,542
    30 SHARES JOY GLOBAL INC COMMON 1,724 378
    300 SHARES CORE LABORATORIES N V COMMON 27,349 32,622
    302 SHARES LKQ CORP COMMON 8,308 8,948
    304 SHARES AKAMAI TECHNOLOGIES COMMON 18,700 16,000
    31 SHARES AMAZON.COM INC COMMON 15,081 20,953
    310 SHARES SUNEDISON INC COMMON 9,385 1,578
    315 SHARES MEDNAX INC COMMON 22,937 22,573
    32 SHARES ALPHABET INC CLASS C COMMON 22,743 24,284
    346 SHARES VERISK ANALYTICS INC COMMON 24,483 26,600
    35 SHARES INTERCEPT PHARMACEUTICALS INC COMMON 9,415 5,227
    374 SHARES ACTIVISION BLIZZARD INC COMMON 9,816 14,478
    38 SHARES SHIRE PHARMACEUTICALS GROUP PLC COMMON 9,661 7,790
    382 SHARES EMC CORP COMMON 9,221 9,810
    420 SHARES FACEBOOK INC CLASS A COMMON 41,255 43,957
    43 SHARES LINKEDIN CORP COMMON 10,004 9,678
    432 SHARES VISA INC CLASS A COMMON 32,944 33,502
    439 SHARES HCA HOLDINGS COMMON 32,508 29,690
    45 SHARES ALPHABET INC CLASS A COMMON 24,000 35,010
    49 SHARES AGRIUM INC COMMON 4,909 4,378
    494 SHARES MONDELEZ INTERNATIONAL INC COMMON 22,796 22,151
    513 SHARES TYSON FOODS INC COMMON 23,154 27,358
    550 SHARES MYRIAD GENETICS INC COMMON 23,284 23,738
    6 SHARES PRICELINE.COM INC COMMON 5,393 7,650
    637 SHARES MICROSOFT CORP COMMON 32,549 35,341
    65 SHARES CIGNA COMMON 9,810 9,511
    667 SHARES CBRE GROUP INC COMMON 25,112 23,065
    70 SHARES EOG RESOURCES INC COMMON 6,969 4,955
    72 SHARES THERMO FISHER SCIENTIFIC COMMON 9,804 10,213
    73 SHARES AVAGO TECHNOLOGIES INC COMMON 9,931 10,596
    73 SHARES CELGENE CORP COMMON 9,829 8,742
    73 SHARES VERTEX PHARMACEUTICALS INC COMMON 9,548 9,186
    75 SHARES SEAGATE TECHNOLOGY COMMON 4,462 2,750
    76 SHARES ANHEUSER-BUSH INBEV NV ADR COMMON 9,725 9,500
    79 SHARES CABOT OIL AND GAS COMMON 2,783 1,397
    80 SHARES CAPITAL ONE FINANCIAL CORP COMMON 6,060 5,774
    80 SHARES MEAD JOHNSON NUTRITION CO COMMON 6,773 6,316
    82 SHARES THE WALT DISNEY CO COMMON 9,773 8,616
    84 SHARES CUMMINS INC COMMON 9,741 7,393
    840 SHARES CISCO SYSTEMS INC COMMON 23,348 22,810
    85 SHARES INCYTE PHARMACEUTICALS INC COMMON 9,652 9,218
    854 SHARES DISCOVERY COMMUNICATIONS COMMON 23,583 21,538
    88 SHARES CVS COMMON 9,652 8,604
    89 SHARES NETFLIX INC COMMON 10,083 10,180

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    US Government Securities - End of Year Book Value:

    714,984
    US Government Securities - End of Year Fair Market Value:

    716,370
    State & Local Government Securities - End of Year Book Value:


    904,758
    State & Local Government Securities - End of Year Fair Market Value:


    947,413


    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1,225 ISHARES S&P SMALLCAP 600 BARRA VALUE FD AT COST 139,587 132,496
    1,277.190 SHARES DOUBLELINE TOTAL RETURN BOND FD AT COST 13,996 13,768
    13,450.963 SHARES ADVISORY RESEARCH MLP & ENERGY INCOME FD AT COST 164,505 107,742
    15,940.598 SHARES GOLDMAN SACHS GROWTH OPPORTUNITY FD AT COST 474,416 374,445
    16,459.010 SHARES INVESCO INTERNATIONAL GROWTH FD AT COST 570,388 511,052
    2,144.449 SHARES STERLING CAPITAL TOTAL RETURN BOND FD AT COST 22,753 22,324
    2,385.114 SHARES EAGLE SMALL CAP GROWTH FD #131 AT COST 136,472 121,784
    233 SHARES VANGUARD REIT VIPERS AT COST 17,100 18,577
    264.713 SHARES COHEN & STEERS REALTY FD AT COST 10,877 12,158
    3,295.110 SHARES OPPENHEIMER DEVELOPING MARKETS FD AT COST 120,085 98,820
    5,895 ISHARES RUSSELL MIDCAP VALUE FD AT COST 418,803 404,751
    6,083.445 SHARES ARTISAN INTERNATIONAL SMALL CAP FD #1465 AT COST 154,189 146,733
    653.605 SHARES PIMCO FOREIGN BOND (US DOLLAR HEDGED) FD #103 AT COST 7,143 6,477
    7,025.589 SHARES LAZARD EMERGING MARKETS PORTFOLIO #638 AT COST 126,082 94,424
    8,034.204 SHARES HARBOR INTERNATIONAL FD #11 AT COST 572,057 477,473
    891.333 SHARES NEUBERGER BERMAN STRATEGIC INCOME FD AT COST 9,805 9,386
    965.883 SHARES METROPOLITAN WEST TOTAL RETURN BOND FD #512 AT COST 10,528 10,258

    TY 2015 LandEtcSchedule2
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER 2,959 1,924 1,035 1,035
    COMPUTER DESK 432 186 246 246


    TY 2015 LegalFeesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSE 9,054 0   5,414


    TY 2015 OtherExpensesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE ASSISTANCE 1,271 0   1,271
    OFFICE SUPPLIES AND EXPENSES 628 0   628
    GRANT AWARD RECEPTION EXPENSE 45 0   45
    TELECOMMUNICATIONS 303 0   303
    INSURANCE 3,189 0   3,189
    EQUIPMENT REPAIRS 150 0   150
    INTERNET WEBSITE MAINTENANCE 291 0   291
    BANK CHARGES 48 0   48
    ADR FEES 5 5   0


    TY 2015 OtherLiabilitiesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Description Beginning of Year - Book Value End of Year - Book Value
    STATE INCOME TAX WITHHELD FROM WAGES 131 131


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BB&T - INVESTMENT MANAGEMENT FEES 32,524 29,430   0


    TY 2015 TaxesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 671 671   0
    PAYROLL TAXES 1,102 0   1,102
    EXCISE TAX ON INVESTMENT INCOME (2014 EXTENSION PAYMENT) 5,000 0   0
    EXCISE TAX ON INVESTMENT INCOME (2015 ESTIMATED) 5,000 0   0