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
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 Hatterscheidt Foundation Inc
C/O Dacotah Bank Trust
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 1210
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Aberdeen, SD574021210
A Employer identification number

46-6012543
B Telephone number (see instructions)

(605) 229-7119
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$4,406,486J 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) 2,171
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 108,901 108,901  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 28,353
b Gross sales price for all assets on line 6a 476,015
7 Capital gain net income (from Part IV, line 2)... 28,353
8 Net short-term capital gain.........  
9 Income modifications........... 1,500
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 8,738 8,738  
12 Total. Add lines 1 through 11........ 148,163 145,992 1,500
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 4,800 2,400   2,400
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,272 0   1,272
b Accounting fees (attach schedule)....... Click to see attachment 3,816 0   3,816
c Other professional fees (attach schedule).... Click to see attachment 31,200 10,333   20,867
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,251 1,137   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 4,504 2,275   2,229
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,843 16,145   30,584
25 Contributions, gifts, grants paid....... 203,500 203,500
26 Total expenses and disbursements. Add lines 24 and 25 255,343 16,145   234,084
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -107,180
b Net investment income (if negative, enter -0-) 129,847
c Adjusted net income (if negative, enter -0-)... 1,500
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.............      
2 Savings and temporary cash investments......... 38,788 50,009 50,009
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 25,000 Click to see attachment25,000 24,456
b Investments—corporate stock (attach schedule)....... 688,516 Click to see attachment752,848 997,008
c Investments—corporate bonds (attach schedule)....... 713,962 Click to see attachment712,472 702,506
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,539,164 Click to see attachment2,359,421 2,632,507
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,005,430 3,899,750 4,406,486
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 4,005,430 3,899,750
30 Total net assets or fund balances (see instructions)..... 4,005,430 3,899,750
31 Total liabilities and net assets/fund balances (see instructions). 4,005,430 3,899,750
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
4,005,430
2
Enter amount from Part I, line 27a .....................
2
-107,180
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,500
4
Add lines 1, 2, and 3 ..........................
4
3,899,750
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
3,899,750
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 463,233   447,662 15,571
b 12,782     12,782
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       15,571
b       12,782
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 28,353
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 220,208 4,702,847 0.046824
2013 200,416 4,577,612 0.043782
2012 238,251 4,370,591 0.054512
2011 226,626 4,526,631 0.050065
2010 213,632 4,358,368 0.049017
2
Total of line 1, column (d) .....................
20.244200
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
0.048840
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
4,599,803
5
Multiply line 4 by line 3......................
5
224,654
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,298
7
Add lines 5 and 6........................
7
225,952
8
Enter qualifying distributions from Part XII, line 4.............
8
234,084
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 1,298
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 1,298
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 1,298
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 3,920
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,920
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 2,622
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,320 RefundedBullet 11 1,302
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)
    bulletSD
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDacotah Bank Trust Telephone no.bullet (605) 229-7119

    Located atbullet308 South Main StreetAberdeenSD ZIP+4bullet57401
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.......bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2015.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Jack Thompson President
    1.00     		800 0 0
    PO Box 849
    Aberdeen,SD574020849
    Harvey Jewett Secretary/Treasurer
    1.00     		800 0 0
    PO Box 849
    Aberdeen,SD574020849
    Dorothy O'Keefe Director
    1.00     		1,200 0 0
    PO Box 849
    Aberdeen,SD574020849
    Dennis Kraft Director
    1.00     		800 0 0
    PO Box 849
    Aberdeen,SD574020849
    Virginia Tobin Director
    1.00     		1,200 0 0
    PO Box 849
    Aberdeen,SD574020849
    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
    4,580,879
    b
    Average of monthly cash balances.......................
    1b
    88,972
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,669,851
    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
    4,669,851
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    70,048
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,599,803
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    229,990
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    229,990
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    1,298
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,298
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    228,692
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,500
    5
    Add lines 3 and 4............................
    5
    230,192
    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
    230,192
    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
    234,084
    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
    234,084
    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
    1,298
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    232,786
    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 7 230,192
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 204,098
    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$ 234,084
    a Applied to 2014, but not more than line 2a 204,098
    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..... 29,986
    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 ..........     		200,206
    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:
    Cassie Backman
    PO Box 1210
    Aberdeen,SD574021210
    (605) 229-7119
    bThe form in which applications should be submitted and information and materials they should include:
    Applications should be submitted on forms available from the Foundation, Aberdeen Central High School and Roncalli High School or the college or university the student plans to attend.
    cAny submission deadlines:
    There are no deadlines for submitting applications, but each application should be submitted suffici
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Scholarships are made only to South Dakota residents, except for scholarships to the two schools in North Dakota, and the applicant must be a current high school graduate. The scholarship is for one year and cannot be renewed. Most of the grants made by the Foundation are for scholarship purposes except to the extent funds are available, grants may be made for other charitable and educational purposes.
    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
    Aberdeen Catholic School System
    1400 N Dakota St
    Aberdeen,SD57401     		NONE PC Financial Support 2,500
    Augustana College
    2001 South Summit Avenue
    Sioux Falls,SD57197     		NONE PC Scholarships 10,500
    Black Hills State University
    1200 University Street
    Spearfish,SD57799     		NONE PC Scholarships 9,750
    United Way of NESD
    PO Box 1065
    Aberdeen,SD574021065     		NONE PC Financial Support 8,000
    Dakota State University
    820 North Washington Avenue
    Madison,SD57042     		NONE PC Scholarships 4,500
    Dakota Wesleyn University
    1200 West University Avenue
    Mitchell,SD57301     		NONE PC Scholarships 6,000
    Ducks Unlimited
    One Waterfowl Way
    Memphis,TN38120     		NONE PC Financial Support 500
    Creighton University
    2500 California Plaza
    Omaha,NE68102     		NONE PC Scholarships 1,500
    Mount Marty College
    1105 West 8th Street
    Yankton,SD57078     		NONE PC Scholarships 7,500
    North Dakota State University
    1340 Administration Ave
    Fargo,ND58102     		NONE PC Scholarships 7,500
    Northern State University
    1200 South Jay Street
    Aberdeen,SD57401     		NONE PC Scholarships 59,250
    Presentation College
    1500 North Main Street
    Aberdeen,SD57401     		NONE PC Scholarships 1,500
    Presentation SistersLeadership Camp
    1500 North Main Street
    Aberdeen,SD57401     		NONE PC Leadership Camp Support 3,250
    SD School of Mines & Technology
    501 East Saint Joseph Street
    Rapid City,SD57701     		NONE PC Scholarships 9,000
    SD State University
    Box 2201 Admn 106
    Brookings,SD57006     		NONE PC Scholarships 19,500
    Spurs Therapeutic Riding Center
    38815 130th Street
    Aberdeen,SD57401     		NONE PC Financial Support 12,000
    North Central University
    910 Elliot Ave S
    Minneapolis,MN55455     		NONE PC Scholarships 1,500
    University of Mary
    7500 University Dr
    Bismarck,ND58504     		NONE PC Scholarships 1,500
    University of MN - Twin Cities
    200 Fraser Hall 106 Pleasant St
    Minneapolis,MN55455     		NONE PC Scholarships 1,500
    University of North Dakota
    24 Centennial Dr
    Grand Forks,ND58202     		NONE PC Scholarships 1,500
    University of Sioux Falls
    1101 West 22nd Street
    Sioux Falls,SD57105     		NONE PC Scholarships 4,500
    University of South Dakota
    Belbas Ctr 204 414 E Clark
    Vermillion,SD57069     		NONE PC Scholarships 15,750
    University of Maine
    5781 Wingate Hall
    Orono,ME04469     		NONE PC Scholarships 1,500
    Arizona State University
    Student Services Bldg
    Tempe,AZ85287     		NONE PC Scholarships 1,500
    Colorado Mesa University
    1100 North Ave
    Grand Junction,CO81501     		NONE PC Scholarships 1,500
    Boys & Girls Club of Aberdeen SD
    1111 1st Ave SE
    Aberdeen,SD57401     		NONE PC Capital Campaign 10,000
    Total .................................bullet 3a 203,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 108,901  
    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.....     14 8,738  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 28,353  
    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).. 0 145,992 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13145,992
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 3,816 0   3,816

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Bank of Montreal Med Term Note 25,586 25,293
    BP Capital Markets PLC 25,947 25,196
    Citigroup 100,129 101,571
    General Dynamics Corp 25,879 25,186
    John Deere Capital Corp 25,503 25,327
    JP Morgan Chase & Co 24,930 25,036
    Kinder Morgan Energy 50,492 45,154
    Thermo Fisher Scientific Inc 75,494 76,171
    Toyota Motor Credit Corp 25,528 25,218
    Verizon Communications, Inc 81,605 80,380
    Wells Fargo & Co 75,758 78,984
    AT&T, Inc. 25,200 25,186
    EMC Corp 25,269 22,337
    Morgan Stanley 25,368 25,158
    Walgreen Co 24,692 24,173
    Xerox Corp 25,301 24,539
    eBay, Inc. 49,791 47,597

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M Co Com 18,698 31,634
    Abbott Labs 14,306 21,108
    Apple Inc 15,789 36,841
    Berkshire Hathaway Inc 19,092 33,670
    Chevron Corp 28,366 24,739
    CME Group INCE 20,703 35,334
    Coca-Cola Co 20,640 22,554
    Costco Wholesale Corp 17,403 32,300
    Exxon Mobil Corp 8,686 7,795
    Home Depot Inc 15,992 47,610
    Intel Corp Comm 22,961 36,173
    Johnson & Johnson 9,710 16,435
    Novo Nordisk 12,550 21,780
    Oracle Corporation 24,087 27,580
    Pepsico Inc 19,142 19,984
    Schwab Charles Corp 11,545 16,465
    Thermo Fisher Scientific Inc 12,080 34,753
    Union Pacific Corp 14,902 21,114
    US Bancorp 20,237 30,722
    Walt Disney Co 11,017 26,795
    Unilever PLC 28,597 30,184
    Blackrock, Inc. 30,022 34,052
    CarMax, Inc. 18,844 18,890
    Express Scripts Holdings 32,886 39,335
    General Electric Co. 17,263 21,805
    Lowes Companies, Inc. 10,626 15,208
    Mastercard, Inc. 25,387 31,642
    Schlumberger Ltd. 27,789 19,181
    Wells Fargo & Co New 15,940 16,308
    eBay, Inc. 5,042 6,870
    Baidu, Inc. 10,564 9,452
    Novartis AG 20,434 17,208
    Alphabet, Inc. Class A 8,913 24,896
    Alphabet, Inc. Class C 8,866 24,284
    Compass Minerals Intl, Inc. 9,201 7,527
    Discover Financial Services 19,425 18,767
    HCP, Inc. 11,406 11,472
    PayPal Holdings, Inc. 7,291 9,050
    Potash Corp Of Saskatchewan 11,030 6,848
    The Priceline Group, Inc 21,617 25,499
    Time Warner, Inc. 22,203 16,168
    United Parcel Service, Inc 22,559 21,652
    W.W. Grainger, Inc. 29,037 25,324

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    25,000
    State & Local Government Securities - End of Year Fair Market Value:


    24,456


    TY 2015 InvestmentsOtherSchedule2
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMEX Materials SPDR AT COST 21,330 25,618
    Artisan International Fund #661 AT COST 161,443 266,108
    Diamond Hills Long-Short Fund Clss I #11 AT COST 36,478 50,764
    Harbor International Fund Class Institutional #2011 AT COST 188,591 212,993
    IShares Russell 1000 Growth AT COST 68,173 102,464
    Ishares Russell 2000 Growth Index Fund AT COST 54,033 111,424
    Ishares Russell 2000 Value Index Fund AT COST 42,571 74,471
    Ishares TR Russell Midcap Growth Index Fund AT COST 102,642 211,416
    Ishares TR Russell Midcap Value Index FD AT COST 82,359 157,231
    Madison Harbor Private Equity Fund of Funds AT COST 104,382 80,362
    Oppenheimer Senior Floating Rate Y AT COST 225,000 204,252
    PIMCO 0-5 Year H/Y Corp Bond Index ETF AT COST 102,290 88,871
    PIMCO Emerging Local Bond Fund Inst AT COST 45,243 28,742
    Principal Preferred Securities Fund Class Ins #4929 AT COST 61,234 63,964
    SPDR Dow Jones Intl. Real Estate AT COST 44,330 41,858
    T Rowe Price Short Term Bond Fund #55 AT COST 49,888 48,484
    Templeton Global Bond Fund Advisor AT COST 250,595 220,333
    The Endowment TEI Fund LP AT COST 212,541 184,200
    Vanguard FTSE Emerging Markets ETF AT COST 112,389 88,481
    Vanguard REIT ETF AT COST 54,360 64,183
    American Express Centurion 60-MO CD AT COST 75,000 75,867
    AMEX Utilities SPDR AT COST 10,170 10,820
    Baron Emerging Markets Fund AT COST 50,000 42,911
    iShares Dow Jones US Telecom AT COST 7,013 7,198
    GE Capital Retail Bank CD AT COST 24,931 25,139
    JP Morgan High Yield Select AT COST 126,245 108,647
    Dreyfus Opportunistic Midcap Value I AT COST 46,190 35,706

    TY 2015 LegalFeesSchedule
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 1,272 0   1,272


    TY 2015 OtherExpensesSchedule
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Annual Report and Statutory Representation Fees 402 0   402
    D&O Insurance 1,817 0   1,817
    Portfolio Expenses from K-1 2,275 2,275   0
    Depository Fees 10 0   10


    TY 2015 OtherIncomeSchedule2
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Income from Partnership K-1 - TEI Endowment Fund 8,738 8,738 8,738


    TY 2015 OtherIncreasesSchedule
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Description Amount
    Refund of prior year scholarship distribution 1,500


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 5,116 5,116   0
    Agent Fees 26,084 5,217   20,867


    TY 2015 TaxesSchedule
    Name:
    The Hatterscheidt Foundation Inc
     
    C/O Dacotah Bank Trust
    EIN:
    46-6012543
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes 1,137 1,137   0
    Estimated Tax Payments 3,920 0   0
    Excise Tax Payments 1,194 0   0