TY 2015 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	263,286	18,948	18,948
	3	Accounts receivable 20,000
		Less: allowance for doubtful accounts		20,000	20,000
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	263,286	38,948	38,948
	17	Accounts payable and accrued expenses..........		7,000
	18	Grants payable..................
	19	Deferred revenue.................	269,204
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	269,204	7,000
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		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	-5,918	31,948
	30	Total net assets or fund balances (see instructions).....	-5,918	31,948
	31	Total liabilities and net assets/fund balances (see instructions).	263,286	38,948

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
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 ...................	3

(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	290,725
2013	209,064
2012	205,893
2011	225,653
2010	143,489

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	0
	hereand 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
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
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............	7
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.	8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
Elizabeth Skiles Parady	Executive Dir. 8.00	0
234 Gold Street Juneau,AK99801
David Legg	President 0.50	0
16525 S Birchwood Loop Rd Chugiak,AK99567
Holly Morris	Vice President 0.50	0
2909 West 88th Ave Anchorage,AK99502
Pam Lloyd	Director 0.50	0
2550 Denali Street Ste 1000 Anchorage,AK99503
Mary McMahon	Director 0.50	0
PO Box 4295 Palmer,AK99645
Rod Morrison	Director 0.50	0
PO Box 626 Valdez,AK99686
Randy Neill	Director 0.50	0
47021 Frances Helen Ave Soldotna,AK99669

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 is responsible for the selection process, distribution, and tracking of various scholarship programs to include the following: BP Principals' and Commissioner's scholarship awards. 25 student scholarships awarded annually. Recipients are nominated by their Alaska State high school principal. Each winner receives $1,000/year for four years. The number of scholarships per region is determined by the overall number of students in each of the state of Alaska's seven regions. One student is awarded the commissioner's scholarship of $4,000/year in addition to the award of $1,000/year above. Awards are made directly to university attended by the recipient.	223,500
2	The Foundation is responsible for the selection process, distributions, and tracking of various scholarships to include the following: Larry Graham Aspiring Principal scholarship awarded to students enrolled in a university education leadership program. Two scholarships of 750/semester are awarded.	1,500
3


4

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

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	(e) Total
	0				0
b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....	234,800	290,725	209,064	205,893	940,482
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 ....	234,800	290,725	209,064	205,893	940,482
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	38,948	263,286	351,269	345,633	999,136
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)	38,948	263,286	351,269	345,633	999,136
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...					0
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

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Alaska Principals Foundation Inc
234 Gold Street
Juneau,AK99801
(907) 586-9702

bThe form in which applications should be submitted and information and materials they should include:

Application process is dependent on the scholarship requirements. BP Principals' and Commissioner's scholarship announcements and applications are sent to all high school principals in the State of Alaska each January. Applicants should contact their high school principal. BP Process Technology Program scholarship announcements and applications are sent out in January of each year and due in April. Applicants should contact University of Alaska Process Technology Program. Aspiring Principal scholarship is available to all students enrolled in a university education leadership program.

cAny submission deadlines:

PRT deadline is October each year

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Various restrictions on scholarship awards are based on specific enrollment requirements, continuous enrollment with no breaks, and meeting defined academic performance standards.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Alaska Pacific University 4101 University Drive Anchorage,AK99508		EOF	Tuition and expenses	8,000
American University 4400 Massachusetts Ave NW Washington,DC20016		EOF	Tuition and expenses	3,000
APICC 2600 Cordova St Anchorage,AK99503		EOF	Tuition and expenses	21,000
Arizona State University PO Box 870412 Tempe,AZ85287		EOF	Tuition and expenses	3,000
Brown University PO Box 1827 Providence,RI02912		EOF	Tuition and expenses	6,000
Calvin College 3201 Burton St SE Grand Rapids,MI49546		EOF	Tuition and expenses	4,000
Champlain College 163 S Willard St Burlington,VT05401		EOF	Tuition and expenses	4,000
Colorado State University 1065 Campus Delivery Fort Collins,CO80523		EOF	Tuition and expenses	6,000
Darthmouth College 6024 McNutt Hall Hanover,NH03755		EOF	Tuition and expenses	2,000
Duke University PO Box 90397 Durham,NC27708		EOF	Tuition and expenses	4,000
Fort Lewis College 1000 Rim Dr Durango,CO81301		EOF	Tuition and expenses	3,000
Georgetown University 3700 O St NW Washington,DC20057		EOF	Tuition and expenses	4,000
Gonzaga University 502 E Boone Ave Spokane,WA99258		EOF	Tuition and expenses	6,000
Greenville College 315 E College Ave Greenville,IL62246		EOF	Tuition and expenses	2,000
Humboldt State University 1 Harpst St Arcata,CA95521		EOF	Tuition and expenses	3,500
Kenai Peninsula College 156 College Rd Soldotna,AK99669		EOF	Tuition and expenses	12,000
Linfield College 909 SE Baker St McMinnville,OR97128		EOF	Tuition and expenses	1,000
Loyola Marymount University 1 Loyola Marymount University Dr Los Angeles,CA90045		EOF	Tuition and expenses	2,000
Massachusetts Institute of Technolo PO Box 3972 Boston,MA02241		EOF	Tuition and expenses	1,000
Montana State University PO Box 174160 Bozeman,MT59717		EOF	Tuition and expenses	7,000
Northwestern University 1801 Hinman Ave Evanston,IL60208		EOF	Tuition and expenses	2,000
Portland State University PO Box 851 Portland,OR97207		EOF	Tuition and expenses	2,000
Purdue University 610 Purdue Mall West Lafayette,IN47907		EOF	Tuition and expenses	5,000
Reed College 3203 SE Woodstock Blvd Portland,OR97202		EOF	Tuition and expenses	2,000
Rensselaer Polytechnic Institute 110 8th St Troy,NY12180		EOF	Tuition and expenses	2,000
Seattle Pacific University 3307 3rd Ave W Suite 114 Seattle,WA98119		EOF	Tuition and expenses	1,000
Southern Utah University 351 W University Blvd Cedar City,UT84720		EOF	Tuition and expenses	4,000
Southern Oregon University 1250 Siskiyou Blvd Britt Hall Ashland,OR97520		EOF	Tuition and expenses	1,000
Southwestern Assemblies of God Univ 1200 Sycamore St Waxahachie,TX75165		EOF	Tuition and expenses	10,000
Stanford University Montag Hall 355 Galvez St Stanfod,CA94305		EOF	Tuition and expenses	1,000
Union College 3800 South 48th St Lincoln,NE68506		EOF	Tuition and expenses	2,000
University of Alaska Anchorage 3211 Providence Dr Anchorage,AK99508		EOF	Tuition and expenses	15,000
University of Alaska Fairbanks PO Box 756730 Fairbanks,AK99775		EOF	Tuition and expenses	20,500
University of Alaska Southeast Novatney Bldg 11120 Glacier Hwy Juneau,AK99801		EOF	Tuition and expenses	5,000
University of Arizona PO Box 210066 Tucson,AZ85721		EOF	Tuition and expenses	1,000
University of Colorado 1420 Austin Bluffs Parkway Colorado Springs,CO80918		EOF	Tuition and expenses	5,000
University of New Hampshire 11 Garrison Ave Durhan,NH03824		EOF	Tuition and expenses	4,000
University of Oregon 1585 E 13th Ave Eugene,OR97403		EOF	Tuition and expenses	4,000
University of Southern California 700 Childs Way Los Angeles,CA90089		EOF	Tuition and expenses	3,000
University of Tulsa 800 South Tucker Dr Collins Hall Tulsa,OK74104		EOF	Tuition and expenses	2,000
Univesity of Washington PO Box 355880 Seattle,WA98195		EOF	Tuition and expenses	8,000
University of Wyoming 1000 E University Ave Larame,WY82071		EOF	Tuition and expenses	4,000
Washington State University PO Box 641039 Pullman,WA99164		EOF	Tuition and expenses	4,000
Washington University in St Louis One Brookings Drive St Louis,MO63130		EOF	Tuition and expenses	2,000
Western Washington University Old Main 265 516 High Street Bellingham,WA98225		EOF	Tuition and expenses	10,000
Willamette University 900 State Street Salem,OR97301		EOF	Tuition and expenses	1,000
Yale University PO Box 208288 New Haven,CT06520		EOF	Tuition and expenses	2,000
Total ................................. 3a				225,000

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	273,349
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	17		17	17
4	Dividends and interest from securities...
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...
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).......		6,887
12	Total. Add lines 1 through 11........	280,253		17	17
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		16,800		7,000	9,800
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........	148			148
23	Other expenses (attach schedule).......		439		439
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	17,387		0	7,587	9,800
25	Contributions, gifts, grants paid.......	225,000				225,000
26	Total expenses and disbursements. Add lines 24 and 25	242,387		0	7,587	234,800
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	37,866
b	Net investment income (if negative, enter -0-)			17
c	Adjusted net income (if negative, enter -0-)...

(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.)
1a
b
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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

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


(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...................

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	17
4 Dividends and interest from securities....
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 ............
9 Net income or (loss) from special events:			1	6,887
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)..				6,904

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements
1b(6)	7,000	AK Council School Admin	Management of scholarship programs

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Software ID:	15000324
Software Version:	2015v2.0