Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE HELSTROM FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)4500 THIRD AVENUE SE NO 2   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LACEY, WA98503
A Employer identification number

94-3124662
B Telephone number (see instructions)

(800) 552-8361
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$7,568,278J Accounting method:
 
(Part I, column (d) must be on cash basis.)
F bullet
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).............. 153,850
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 3,598 3,598 3,598
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 Click to see attachment 244,027
b Gross sales price for all assets on line 6a 855,000
7 Capital gain net income (from Part IV, line 2)... 67,669
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 821,450 821,450 821,450
12 Total. Add lines 1 through 11........ 1,222,925 892,717 825,048
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
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)....        
17 Interest............... 513,202 478,899 478,899 34,303
18 Taxes (attach schedule) (see instructions)... Click to see attachment 13 12 12 1
19 Depreciation (attach schedule) and depletion... Click to see attachment 238,912 222,942 222,942
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 128,585 119,597 119,597 8,918
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 880,712 821,450 821,450 43,222
25 Contributions, gifts, grants paid........ 491,500 491,500
26 Total expenses and disbursements. Add lines 24 and 25 1,372,212 821,450 821,450 534,722
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -149,287
b Net investment income (if negative, enter -0-) 71,267
c Adjusted net income (if negative, enter -0-)... 3,598
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
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...............   130 130
2 Savings and temporary cash investments..........   201,789 201,789
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) bullet171,918
Less: allowance for doubtful accounts bullet0 0 171,918 171,918
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 bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 486,812 Click to see attachment33,000 0
14 Land, buildings, and equipment: basis bullet10,224,085
Less: accumulated depreciation (attach schedule) bullet3,036,067 7,426,930 Click to see attachment7,188,018 7,188,018
15 Other assets (describe bullet) Click to see attachment8,259 Click to see attachment6,423 Click to see attachment6,423
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,922,001 7,601,278 7,568,278
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons 323,143 572,098
21 Mortgages and other notes payable (attach schedule)...... 7,297,680 6,764,420
22 Other liabilities (describe bullet) Click to see attachment1,953 Click to see attachment0
23 Total liabilities (add lines 17 through 22).......... 7,622,776 7,336,518
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds......... 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 299,225 264,760
30 Total net assets or fund balances (see instructions)...... 299,225 264,760
31 Total liabilities and net assets/fund balances (see instructions).. 7,922,001 7,601,278
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)............... 1 299,225
2 Enter amount from Part I, line 27a..................... 2 -149,287
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 114,822
4 Add lines 1, 2, and 3.......................... 4 264,760
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. 6 264,760
Form 990-PF (2014)
Form 990-PF (2014)
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 NORLYN CT. DUPLEX, COEUR D'ALENE, ID D 2011-12-29 2014-09-12
b INVESTMENT INCOME FROM DEBT-FINANCED PROPERTY P 2012-06-30 2015-03-06
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 180,000   180,000 0
b       67,669
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       0
b       67,669
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 67,669
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3 0
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2013 424,713 769,046 0.552260
2012 365,022 771,014 0.473431
2011 349,880 504,416 0.693634
2010 188,668 16,776 11.246304
2009 214,833 42,443 5.061683
2 Total of line 1, column (d) ...................... 2 18.027312
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 3.605462
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 116,376
5 Multiply line 4 by line 3....................... 5 419,589
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 713
7 Add lines 5 and 6......................... 7 420,302
8 Enter qualifying distributions from Part XII, line 4.............. 8 534,722
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 (2014)
Form 990-PF (2014)
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 Bulletand enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 713
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........................... 3 713
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- ..... 5 713
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a  
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,861
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,861
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 16
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 1,132
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,132 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletWA
    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 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
    Yes
     
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    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 addressbulletNA
    14
    The books are in care ofbulletKARL MEIER Telephone no.bullet (360) 754-6723
    Located atbullet4500 THIRD AVENUE SOUTHEAST SUITETWOLACEYWA ZIP+4bullet98503
    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 2014, 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  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    4b
     
    No
    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 (2014)
    Form 990-PF (2014)
    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
    ROBERT L HELSTROM PRESIDENT
    10.00     		0 0 0
    POST OFFICE BOX 3887
    LACEY,WA985093887
    BRIAN L HELSTROM VICE PRESIDENT
    0.00     		0 0 0
    POST OFFICE BOX 3887
    LACEY,WA985093887
    YVONNE E HELSTROM SECRETARY
    5.00     		0 0 0
    POST OFFICE BOX 3887
    LACEY,WA985093887
    PHILLIP HARRIS TREASURER
    1.00     		0 0 0
    4500 THIRD AVENUE SOUTHEAST
    LACEY,WA98503
    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 JESUS FILM HARVEST PARTNERS - SUPPORT OF MINISTRY THAT HAS OVER 374 FILM TEAMS INVOLVED IN NAZARENE OUTREACH. 81,650
    2 COMMUNITY CHRISTIAN ACADEMY - RENT REBATE 395,000
    3 COMMUNITY CHRISTIAN ACADEMY - RENT EXPENSES IN EXCESS OF INCOME 42,871
    4 CHRISTIAN WORKER'S FELLOWSHIP FUND 6,000
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 8
    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
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    68,148
    c
    Fair market value of all other assets (see instructions)................
    1c
    50,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    118,148
    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
    118,148
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,772
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    116,376
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,819
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
     
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    534,722
    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
    534,722
    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
    713
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    534,009
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$  
    a Applied to 2013, 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 2014 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (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 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. 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 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
    3,598 1 1 25,221 28,821
    b 85% of line 2a ......... 3,058 1 1 21,438 24,498
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		534,722 424,713 365,022 349,880 1,674,337
    d Amounts included in line 2c not used
    directly for active conduct of exempt activities ...........     		6,000 6,000 6,000 6,000 24,000
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		528,722 418,713 359,022 343,880 1,650,337
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		3,879 25,635 25,701 16,814 72,029
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    ROBERT L HELSTROM
    YVONNE E HELSTROM
    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:
    THE HELSTROM FOUNDATION
    4500 THIRD AVENUE SOUTHEAST SUITE
    TWO
    LACEY,WA98503
    (360) 491-6320
    bThe form in which applications should be submitted and information and materials they should include:
    BY LETTER, PROVIDING EVIDENCE OF CHARITABLE STATUS OR DEMONSTRATING FINANCIAL NEED, ACADEMIC ACHEIVEMENT AND RECOMMENDATION BY PRINCIPAL, TEACHER, YOUTH PROGRAM OR CIVIC LEADER.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS WILL BE GRANTED TO CANDIDATES SELECTED FROM PUBLIC, PAROCHIAL AND OTHER PRIVATE ELEMENTARY, SECONDARY, AND POST SECONDARY SCHOOLS IN THE U.S. WHO HAVE DEMONSTRATED ACADEMIC SUCCESS, SOCIAL RESPONSIBILITY AND FINANCIAL NEED.
    Form 990-PF (2014)
    Form 990-PF (2014)
    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
    CHRISTIAN WORKER'S FELLOWSHIP FUND
    PO BOX 1117
    LAWRENCE,KS66044     		NONE   MISSIONARY 6,000
    COMMUNITY CHRISTIAN ACADEMY
    230 COLLEGE STREET
    LACEY,WA98516     		NONE   EDUCATION - RENT 395,000
    COMMUNITY CHRISTIAN ACADEMY
    230 COLLEGE STREET
    LACEY,WA98516     		NONE   MISSIONARY 3,850
    JESUS FILM HARVEST PARTNERS
    15055 W 116TH STREET
    OLATHE,KS66062     		NONE   MISSIONARY OUTREACH 81,650
    NORTHWEST NAZARENE UNIVERSITY
    623 S UNIVERSITY BLVD
    NAMPA,ID83686     		NONE   SCHOLARSHIP 5,000
    Total .................................bullet 3a 491,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2014)
    Form 990-PF (2014)
    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 3,598  
    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 .............     		        244,027
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aRENT FROM COMMUNITY CHRISTIAN ACADEMY         821,450
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 3,598 1,065,477
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,069,075
    (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.)
    11 RENTAL OF SCHOOL TO FINANCE THE OPERATION OF THE COMMUNITY CHRISTIAN ACADEMY, A CHRISTIAN PRESCHOOL, ELEMENTARY AND HIGH SCHOOL.
    Form 990-PF (2014)
    Form 990-PF (2014)
    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
    Yes
    No
    organizations?
    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 namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2014)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    THE HELSTROM FOUNDATION
     
    Employer identification number

    94-3124662
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    THE HELSTROM FOUNDATION
          		Employer identification number

    94-3124662
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    ROBERT AND YVONNE HELSTROM  
    PO BOX 3887
     
    LACEY, WA985093887

    		$150,000


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


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

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    THE HELSTROM FOUNDATION
          		Employer identification number

    94-3124662
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    THE HELSTROM FOUNDATION
          		Employer identification number

    94-3124662
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2014 AmortizationSchedule
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    LOAN FEES 2008-12-17 18,357 10,098 120.000000000000 1,836 0 1,836 11,934

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    TY 2014 DepreciationSchedule
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    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
    FIRE SPRINKLER SYSTEM 1998-11-03 12,012 12,012 SL 15.000000000000 0 0 0  
    PROJECTOR 1999-02-05 4,018 4,018 SL 7.000000000000 0 0 0  
    CAR 1995-08-25 1,500 1,500 SL 5.000000000000 0 0 0  
    TRACTOR 1995-12-13 9,000 8,925 SL 5.000000000000 0 0 0  
    FURNITURE 1996-01-16 9,000 9,000 SL 7.000000000000 0 0 0  
    2 DESKS - OLATHE 1998-02-02 511 511 SL 7.000000000000 0 0 0  
    FILE CABINET - OLATHE 1998-03-10 178 176 SL 7.000000000000 0 0 0  
    CHAIRS/DESKS/TABLES - CAMPUS 1998-03-13 400 399 SL 7.000000000000 0 0 0  
    OFFICE FURNITURE - OLATHE 1998-06-08 383 383 SL 7.000000000000 0 0 0  
    2 CHAIRS - OLATHE 1998-06-08 320 320 SL 7.000000000000 0 0 0  
    COMPUTER - OLATHE 1997-12-08 4,192 4,191 SL 5.000000000000 0 0 0  
    COMPUTER - OLATHE 1998-01-02 4,837 4,837 SL 5.000000000000 0 0 0  
    OFFICE EQUIPMENT - OLATHE 1998-01-06 1,109 1,107 SL 7.000000000000 0 0 0  
    CASSETTE PLAYER - OLATHE 1998-02-02 97 97 SL 7.000000000000 0 0 0  
    TV, VCR - OLATHE 1998-02-02 370 370 SL 7.000000000000 0 0 0  
    COMPUTER - OLATHE 1998-02-11 1,383 1,383 SL 5.000000000000 0 0 0  
    COPY MACHINE - CAMPUS 1998-03-13 400 400 SL 5.000000000000 0 0 0  
    COMPUTER, HD - OLATHE 1998-04-07 2,681 2,680 SL 5.000000000000 0 0 0  
    ADAPTERS - OLATHE 1998-06-08 279 279 SL 5.000000000000 0 0 0  
    2 COMPUTERS - OLATHE 1998-06-08 2,244 2,244 SL 5.000000000000 0 0 0  
    DICTAPHONE - OLATHE 1998-06-08 300 300 SL 7.000000000000 0 0 0  
    PRINTER - OLATHE 1998-06-17 380 380 SL 5.000000000000 0 0 0  
    DISHWASHER - CAMPUS 1998-02-04 549 548 SL 7.000000000000 0 0 0  
    POWER WASHER - CAMPUS 1998-03-25 732 732 SL 7.000000000000 0 0 0  
    DISHWASHER - CAMPUS 1998-04-08 1,200 1,199 SL 7.000000000000 0 0 0  
    MOWER, WEEDEATER, BLOWER - CAMPUS 1998-04-22 3,187 3,186 SL 7.000000000000 0 0 0  
    TRAILER 1998-05-22 665 665 SL 7.000000000000 0 0 0  
    PLUMBING - CAMPUS 1998-05-15 18,875 7,631 SL 40.000000000000 472 0 472  
    SPRINKLER SYSTEM - CAMPUS 1998-05-15 50,510 50,510 SL 15.000000000000 0 0 0  
    REMODELING - CAMPUS 1998-05-15 4,377 1,763 SL 40.000000000000 109 0 109  
    CARPET/COUNTER TOP - CAMPUS 1998-05-15 4,825 4,825 SL 15.000000000000 0 0 0  
    REMODELING - CAMPUS 1998-05-15 39,942 16,149 SL 40.000000000000 999 0 999  
    TOOLS 1999-06-28 3,500 3,500 SL 7.000000000000 0 0 0  
    COURTYARD COVER 1999-06-11 1,620 1,620 SL 15.000000000000 0 0 0  
    STORAGE SHED 2000-02-08 2,259 2,177 SL 15.000000000000 82 0 82  
    COURTYARD COVER 1999-10-25 33,102 12,144 SL 40.000000000000 828 0 828  
    RETAINING WALL 1999-09-14 2,394 2,373 SL 15.000000000000 21 0 21  
    FLOOR 2001-07-12 2,000 1,664 SL 15.000000000000 133 0 133  
    BUILDING 1999-08-13 1,992,250 742,940 SL 40.000000000000 49,806 0 49,806  
    LAND 1999-08-13 712,026   L   0 0 0  
    WATERPUMP 1999-12-14 744 742 SL 7.000000000000 0 0 0  
    VACUUM CLEANER 1999-10-15 501 501 SL 7.000000000000 0 0 0  
    DESKS AND CHAIRS 1999-10-05 2,526 2,526 SL 7.000000000000 0 0 0  
    PLAYGROUND 2001-08-21 724 601 SL 15.000000000000 48 0 48  
    MATTRESSES 2003-05-06 390 390 SL 7.000000000000 0 0 0  
    WARDROBES/MATTRESSES 2001-02-19 685 685 SL 7.000000000000 0 0 0  
    LAPTOP 2001-02-16 2,420 2,420 SL 5.000000000000 0 0 0  
    LAPTOP 2001-06-18 2,137 2,136 SL 5.000000000000 0 0 0  
    NEW GYM & CLASSROOMS 2000-09-15 2,655,059 918,202 SL 40.000000000000 66,376 0 66,376  
    LANDSCAPING 2000-09-01 18,687 17,236 SL 15.000000000000 1,246 0 1,246  
    SPRINKLER SYSTEM-LAWN 2000-09-01 3,727 3,431 SL 15.000000000000 248 0 248  
    NEW ROOF 2000-09-01 39,727 13,737 SL 40.000000000000 993 0 993  
    PARKING LOT RESURFACE-SEAL 2000-09-01 72,159 66,552 SL 15.000000000000 4,811 0 4,811  
    PLAY AREA TEMPERED GLASS 2000-10-23 6,084 5,548 SL 15.000000000000 406 0 406  
    MATTRESSES 2003-06-09 235 235 SL 7.000000000000 0 0 0  
    HVAC 2002-08-28 106,243 31,429 SL 40.000000000000 2,656 0 2,656  
    NEW HS BUILDING CONSTRUCTION 2002-12-16 30,000 8,688 SL 40.000000000000 750 0 750  
    CLASSROOM REMODEL 2005-06-14 100,769 22,881 ADS 40.000000000000 2,519 0 2,519  
    CONTAINER 2005-04-01 2,862 2,860 SL 5.000000000000 0 0 0  
    CLASSROOM REMODEL 2005-07-14 13,963 3,127 ADS 40.000000000000 349 0 349  
    CLASSROOM REMODEL 2005-08-15 33,627 7,464 ADS 40.000000000000 841 0 841  
    CARPET 2006-01-01 25,000 25,000 SL 5.000000000000 0 0 0  
    CLASSROOM REMODEL 2005-09-15 3,573 783 ADS 40.000000000000 89 0 89  
    GYMNASIUM/DORM 2006-09-01 1,201,652 234,068 ADS 40.000000000000 30,041 0 30,041  
    ELEMENTARY GYMNASIUM 2008-04-01 2,028,812 314,890 ADS 40.000000000000 50,720 0 50,720  
    CLASSROOM REMODEL 2005-10-15 17,622 3,840 ADS 40.000000000000 441 0 441  
    LANDSCAPING - GYM 2008-07-01 19,512 7,806 SL 15.000000000000 1,301 0 1,301  
    CLASSROOM REMODEL 2005-11-15 187,719 40,478 ADS 40.000000000000 4,693 0 4,693  
    CLASSROOM REMODEL 2005-12-12 229,194 48,943 ADS 40.000000000000 5,730 0 5,730  
    CLASSROOM REMODEL 2006-01-13 94,667 20,021 ADS 40.000000000000 2,367 0 2,367  
    CLASSROOM REMODEL 2006-04-01 114,131 23,419 ADS 40.000000000000 2,853 0 2,853  
    CLASSROOM REMODEL 2006-04-06 2,023 419 ADS 40.000000000000 51 0 51  
    CLASSROOM REMODEL 2006-05-15 103,069 20,939 ADS 40.000000000000 2,577 0 2,577  
    CLASSROOM REMODEL 2006-06-09 15,631 3,144 ADS 40.000000000000 391 0 391  
    CLASSROOM REMODEL 2006-03-15 158,604 32,876 ADS 40.000000000000 3,965 0 3,965  

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    TY 2014 GainLossSaleOtherAssetsSch
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PALANI RD REAL ESTATE, KAILUA-LONA, HI 2012-06 PURCHASED 2015-03 CATHRYN LYN ANDEREGG 675,000 390,497   40,476 244,027  

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    DONATED TIME SHARE CONDOS AT COST 33,000 0
    DONATED DUPLEX AT COST 0 0
    PALANI ROAD PROPERTY AT COST 0 0

    TY 2014 LandEtcSchedule2
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FIRE SPRINKLER SYSTEM 12,012 12,012 0  
    PROJECTOR 4,018 4,018 0  
    CAR 1,500 1,500 0  
    TRACTOR 9,000 8,925 75  
    FURNITURE 9,000 9,000 0  
    2 DESKS - OLATHE 511 511 0  
    FILE CABINET - OLATHE 178 176 2  
    CHAIRS/DESKS/TABLES - CAMPUS 400 399 1  
    OFFICE FURNITURE - OLATHE 383 383 0  
    2 CHAIRS - OLATHE 320 320 0  
    COMPUTER - OLATHE 4,192 4,191 1  
    COMPUTER - OLATHE 4,837 4,837 0  
    OFFICE EQUIPMENT - OLATHE 1,109 1,107 2  
    CASSETTE PLAYER - OLATHE 97 97 0  
    TV, VCR - OLATHE 370 370 0  
    COMPUTER - OLATHE 1,383 1,383 0  
    COPY MACHINE - CAMPUS 400 400 0  
    COMPUTER, HD - OLATHE 2,681 2,680 1  
    ADAPTERS - OLATHE 279 279 0  
    2 COMPUTERS - OLATHE 2,244 2,244 0  
    DICTAPHONE - OLATHE 300 300 0  
    PRINTER - OLATHE 380 380 0  
    DISHWASHER - CAMPUS 549 548 1  
    POWER WASHER - CAMPUS 732 732 0  
    DISHWASHER - CAMPUS 1,200 1,199 1  
    MOWER, WEEDEATER, BLOWER - CAMPUS 3,187 3,186 1  
    TRAILER 665 665 0  
    PLUMBING - CAMPUS 18,875 8,103 10,772  
    SPRINKLER SYSTEM - CAMPUS 50,510 50,510 0  
    REMODELING - CAMPUS 4,377 1,872 2,505  
    CARPET/COUNTER TOP - CAMPUS 4,825 4,825 0  
    REMODELING - CAMPUS 39,942 17,148 22,794  
    TOOLS 3,500 3,500 0  
    COURTYARD COVER 1,620 1,620 0  
    STORAGE SHED 2,259 2,259 0  
    COURTYARD COVER 33,102 12,972 20,130  
    RETAINING WALL 2,394 2,394 0  
    FLOOR 2,000 1,797 203  
    BUILDING 1,992,250 792,746 1,199,504  
    LAND 712,026 0 712,026  
    WATERPUMP 744 742 2  
    VACUUM CLEANER 501 501 0  
    DESKS AND CHAIRS 2,526 2,526 0  
    PLAYGROUND 724 649 75  
    MATTRESSES 390 390 0  
    WARDROBES/MATTRESSES 685 685 0  
    LAPTOP 2,420 2,420 0  
    LAPTOP 2,137 2,136 1  
    NEW GYM & CLASSROOMS 2,655,059 984,578 1,670,481  
    LANDSCAPING 18,687 18,482 205  
    SPRINKLER SYSTEM-LAWN 3,727 3,679 48  
    NEW ROOF 39,727 14,730 24,997  
    PARKING LOT RESURFACE-SEAL 72,159 71,363 796  
    PLAY AREA TEMPERED GLASS 6,084 5,954 130  
    MATTRESSES 235 235 0  
    HVAC 106,243 34,085 72,158  
    NEW HS BUILDING CONSTRUCTION 30,000 9,438 20,562  
    CLASSROOM REMODEL 100,769 25,400 75,369  
    CONTAINER 2,862 2,860 2  
    CLASSROOM REMODEL 13,963 3,476 10,487  
    CLASSROOM REMODEL 33,627 8,305 25,322  
    CARPET 25,000 25,000 0  
    CLASSROOM REMODEL 3,573 872 2,701  
    GYMNASIUM/DORM 1,201,652 264,109 937,543  
    ELEMENTARY GYMNASIUM 2,028,812 365,610 1,663,202  
    CLASSROOM REMODEL 17,622 4,281 13,341  
    LANDSCAPING - GYM 19,512 9,107 10,405  
    CLASSROOM REMODEL 187,719 45,171 142,548  
    CLASSROOM REMODEL 229,194 54,673 174,521  
    CLASSROOM REMODEL 94,667 22,388 72,279  
    CLASSROOM REMODEL 114,131 26,272 87,859  
    CLASSROOM REMODEL 2,023 470 1,553  
    CLASSROOM REMODEL 103,069 23,516 79,553  
    CLASSROOM REMODEL 15,631 3,535 12,096  
    CLASSROOM REMODEL 158,604 36,841 121,763  


    TY 2014 OtherAssetsSchedule
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    LOAN FEES 8,259 6,423 6,423


    TY 2014 OtherExpensesSchedule
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE AND UTILITIES 86,306 80,537 80,537 5,769
    INSURANCE 36,685 34,233 34,233 2,452
    LICENSES AND PERMITS 199 120 120 9
    OFFICE EXPENSE 284 0 0 284
    REPAIRS AND MAINTENANCE 3,208 2,994 2,994 214
    BANK CHARGES 67 0 0 67
    AMORTIZATION 1,836 1,713 1,713 123


    TY 2014 OtherIncomeSchedule2
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RENT FROM COMMUNITY CHRISTIAN ACADEMY 821,450 821,450 821,450


    TY 2014 OtherIncreasesSchedule
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Description Amount
       


    TY 2014 OtherLiabilitiesSchedule
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Description Beginning of Year - Book Value End of Year - Book Value
    CHECKING ACCOUNT DEFICIT 1,953 0


    TY 2014 TaxesSchedule
    Name:
    THE HELSTROM FOUNDATION
    EIN: 94-3124662
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BUSINESS TAX 13 12 12 1