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 JOE R AND JOELLA F UTLEY
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 8367
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SPARTANBURG, SC293058367
A Employer identification number

57-0974104
B Telephone number (see instructions)

(864) 560-5271
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$1,275,684J 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) 40,000
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 21 21 21
4 Dividends and interest from securities... 28,258 26,795 28,258
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 170,984
b Gross sales price for all assets on line 6a 952,950
7 Capital gain net income (from Part IV, line 2)... 170,984
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).......      
12 Total. Add lines 1 through 11........ 239,263 197,800 28,279
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 50,000 45,000 45,000 2,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,332 6,999 6,999 0
c Other professional fees (attach schedule).... Click to see attachment 21,955 21,955 21,955 0
17 Interest............... 39 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,382 254 254 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 356 0 356
20 Occupancy..............        
21 Travel, conferences, and meetings....... 849 0 0 849
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 137,944 179 179 137,765
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 224,857 74,387 74,743 141,114
25 Contributions, gifts, grants paid....... 149,000 149,000
26 Total expenses and disbursements. Add lines 24 and 25 373,857 74,387 74,743 290,114
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -134,594
b Net investment income (if negative, enter -0-) 123,413
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 50,363 89,082 89,082
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)      
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).......... 1,101,572 Click to see attachment928,615 1,033,814
14 Land, buildings, and equipment: basis bullet86,648
Less: accumulated depreciation (attach schedule) bullet86,100 904 Click to see attachment548 86,648
15 Other assets (describe bullet) Click to see attachment66,140 Click to see attachment66,140 Click to see attachment66,140
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,218,979 1,084,385 1,275,684
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 1,218,979 1,084,385
30 Total net assets or fund balances (see instructions)..... 1,218,979 1,084,385
31 Total liabilities and net assets/fund balances (see instructions). 1,218,979 1,084,385
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
1,218,979
2
Enter amount from Part I, line 27a .....................
2
-134,594
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,084,385
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
1,084,385
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 100 SHS PROSHARES ULTRASHORT P 2015-06-08 2015-07-30
b 65 SHS CVS P 2009-11-23 2015-01-06
c 475 SHS NEWMONT MINING CORP P 2008-04-30 2015-01-26
d 1,420 SHS BARRICK GOLD P 2008-10-22 2015-01-28
e 151 SHS C & J ENERGY P 2014-02-25 2015-01-09
16 SHS DYNAMIC MATERIALS P 2014-12-09 2015-01-29
69 SHS KRATON PERFORMANCE P 2014-10-24 2015-01-23
28 SHS ACCURAY P 2013-03-08 2015-01-29
15 SHS ACI WORLDWIDE P 2013-03-08 2015-01-29
21 SHS ALLEGIANT TRAVEL P 2013-03-08 2015-01-28
17 SHS ASPEN TECHNOLOGY P 2013-03-07 2015-01-29
1 SHS CACI INT'L P 2013-03-08 2015-01-29
2 SHS CARDTRONICS P 2013-03-08 2015-01-29
3 SHS DINEEQUITY P 2013-03-08 2015-01-29
7 SHS FIRST CASH FIN P 2013-03-08 2015-01-29
5 SHS MYR GROUP P 2013-03-21 2015-01-29
30 SHS NAVIGANT P 2012-04-26 2015-01-23
70 SHS VERIFONE P 2013-10-01 2015-01-20
8 SHS TRONOX P 2013-08-14 2015-01-29
1 SHS ANIXTER P 2011-03-07 2015-01-29
24 SHS CHILDRENS PLACE P 2010-10-28 2015-01-28
28 SHS DELUXE CORP P 2010-01-04 2015-01-28
72 SHS DRIL-QUIP P 2007-10-29 2015-01-20
3 SHS OSI SYS P 2011-05-16 2015-01-29
1 SHS PRA GROUP P 2007-05-31 2015-01-29
10 SHS SYKES ENTER P 2010-09-07 2015-01-29
24 SHS CARBO CERAMICS P 2014-12-09 2015-02-17
1 SHS ECLIPSE P 2014-12-19 2015-02-17
70 SHS INNERWORKINGS P 2015-01-20 2015-02-17
5 SHS ALLEGIANT P 2013-03-08 2015-02-03
818 SHS ENTROPIC COMM P 2012-05-29 2015-02-04
319 SHS OFFICE DEPOT P 2013-03-08 2015-02-05
22 SHS ATWOOD OCEANICS P 2006-08-15 2015-02-17
110 SHS MEDTRONIC P 2015-01-27 2015-02-13
250 SHS DR. PEPPER P 2009-12-31 2015-02-19
17 SHS DELUXE CORP P 2010-01-04 2015-03-04
27 SHS HEXCEL P 2013-03-08 2015-03-04
238 SHS KRATON PERFORMANCE P 2014-10-24 2015-03-17
45 SHS JG WENTWORTH P 2014-12-23 2015-03-18
232 SHS SILVER SPRINGS P 2014-12-24 2015-03-18
298 SHS DR. PEPPER P 2011-12-13 2015-04-13
263 SHS HOME LOAN P 2014-03-13 2015-04-10
62 SHS CHEVRON P 2006-12-05 2015-04-17
103 SHS CONOCOPHILLIPS P 2009-01-09 2015-04-17
64 SHS JG WENTWORTH P 2014-12-23 2015-04-17
106 SHS LANNETT COMPANY P 2014-12-29 2015-04-17
695 SHS ACCURAY P 2013-03-08 2015-04-21
53 SHS ANIXTER P 2011-03-07 2015-04-22
90 SHS PLANTRONICS P 2015-01-28 2015-04-28
129 SHS CARBO CERAMICS P 2014-12-09 2015-04-30
22 SHS WALKER & DUNLOP P 2014-02-14 2015-05-06
97 SHS 3D SYS P 2014-12-23 2015-05-08
25 SHS CARDTRONICS P 2013-03-08 2015-05-12
25 SHS VERIFONE SYSTEMS P 2013-10-01 2015-05-12
22 SHS DINEEQUITY P 2013-03-08 2015-05-14
39 SHS MDC HOLDINGS P 2014-10-22 2015-05-20
102 SHS MDC HOLDINGS P 2013-03-08 2015-05-20
257 SHS EARTHLINK P 2013-04-01 2015-05-19
25 SHS DYCOM P 2014-10-22 2015-05-20
77 SHS PRA GRP P 2007-05-31 2015-05-20
157 SHS LUMBER LIQUIDATORS P 2015-05-05 2015-05-21
182 SHS MOLSON COORS P 2009-12-01 2015-05-28
24 SHS VERIFONE P 2013-10-01 2015-06-03
194 SHS EARTHLINK P 2013-04-01 2015-06-04
31 SHS ACI WORLDWIDE P 2013-03-08 2015-06-05
424 SHS HH GREGG P 2014-10-22 2015-06-10
344 SHS HH GREGG P 2014-04-24 2015-06-10
180 SHS CVS HEALTH P 2009-11-23 2015-06-15
69 SHS JG WENTWORTH P 2014-12-23 2015-06-15
47 SHS NATIONAL BANK P 2015-04-14 2015-06-15
355 SHS T ROWE PRICE P 2014-10-28 2015-06-22
565 SHS A10 NETWORKS P 2015-02-17 2015-07-20
528 SHS ACCURAY INC P 2015-05-22 2015-07-20
442 SHS ALLSCRIPTS HEALTHCARE P 2015-02-03 2015-07-20
159 SHS AMERIS BANCORP P 2015-05-20 2015-07-20
637 SHS AMKOR TECH P 2014-12-24 2015-07-20
16 SHS AMTRUST FINANCIAL P 2015-07-20 2015-07-31
23 SHS ATWOOD OCEANICS P 2015-01-20 2015-07-20
141 SHS ATWOOD OCEANICS P 2006-08-15 2015-07-20
219 SHS BERKSHIRE HILLS P 2014-12-09 2015-07-20
778 SHS BIOSCRIP P 2014-12-16 2015-07-20
448 SHS BIOSCRIP P 2014-02-21 2015-07-20
170 SHS BOTTOMLINE TECH P 2014-12-29 2015-07-20
836 SHS BRIGHTCOVE P 2014-12-19 2015-07-20
90 SHS BROADSOFT P 2015-03-17 2015-07-20
177 SHS COLONY CAPITAL P 2015-01-20 2015-07-20
116 SHS DSW INC P 2015-05-15 2015-07-20
60 SHS DYCOM INDUSTRIES P 2014-10-22 2015-07-20
299 SHS DYNAMIC MATERIALS P 2014-12-09 2015-07-20
1 SHS EARTHLINK P 2015-07-13 2015-07-20
1,220 SHS EARTHLINK P 2014-04-22 2015-07-20
85 SHS ELIZABETH ARDEN P 2014-05-07 2015-07-20
184 SHS ELIZABETH ARDEN P 2015-01-16 2015-07-20
656 SHS ECLIPSE RESOURCES P 2014-12-19 2015-07-20
110 SHS FIRST AMERICAN FINL P 2015-05-20 2015-07-20
23 SHS FIRST CASH FINANCIAL P 2015-04-20 2015-07-20
101 SHS FIRST CASH FINANCIAL P 2013-03-08 2015-07-20
164 SHS GENERAL CABLE P 2014-10-22 2015-07-20
103 SHS GENERAL CABLE P 2014-05-05 2015-07-20
193 SHS HANGER INC P 2015-04-22 2015-07-20
752 SHS INNERWORKINGS INC P 2015-01-20 2015-07-20
220 SHS INTEGRATED DEVICE P 2015-07-09 2015-07-20
508 SHS JG WENTWORTH P 2014-12-23 2015-07-20
673 SHS JIVE SOFTWARE P 2014-12-26 2015-07-20
184 SHS KCG HOLDINGS P 2014-09-17 2015-07-20
226 SHS KCG HOLDINGS P 2010-02-11 2015-07-20
286 SHS KRATOS DEFENSE P 2015-05-11 2015-07-20
145 SHS M D C HOLDINGS P 2015-05-06 2015-07-20
264 SHS MASTEC INC P 2014-12-09 2015-07-20
494 SHS MAXWELL TECHNOLOGIES P 2015-05-14 2015-07-20
214 SHS NATIONAL BANK HOLDINGS P 2015-04-14 2015-07-20
207 SHS NAVISTAR INTL P 2015-02-05 2015-07-20
122 SHS NETSCOUT SYSTEMS P 2015-07-06 2015-07-20
125 SHS OFG BANCORP P 2015-06-29 2015-07-20
285 SHS OFG BANCORP P 2013-11-20 2015-07-20
483 SHS OCWEN FINL CORP P 2014-08-21 2015-07-20
77 SHS PRIVATE BANCORP P 2015-02-05 2015-07-20
243 SHS REPUBLIC AIRWAYS P 2015-04-30 2015-07-20
162 SHS RETAILMENOT P 2015-04-23 2015-07-20
409 SHS RIGHTSIDE GRP P 2014-08-08 2015-07-20
322 SHS RUBICON PROJECT P 2014-09-24 2015-07-20
443 SHS SENOMYX P 2015-04-30 2015-07-20
101 SHS SHUTTERFLY P 2014-12-09 2015-07-20
339 SHS SILVER SPRING P 2014-12-26 2015-07-20
34 SHS STARWOOD WAYPOINT P 2015-07-14 2015-07-20
139 SHS STARWOOD WAYPOINT P 2014-07-01 2015-07-20
22 SHS STIFEL FINANCIAL P 2015-06-08 2015-07-20
44 SHS STIFEL FINANCIAL P 2014-02-25 2015-07-20
1 SHS SYKES ENTERPRISES P 2015-07-13 2015-07-20
197 SHS SYKES ENTERPRISES P 2010-09-07 2015-07-20
346 SHS TANDEM DIABETES P 2015-04-28 2015-07-20
1 SHS VERIFONE P 2015-07-13 2015-07-20
118 SHS VERIFONE SYSTEMS P 2013-10-01 2015-07-20
990 SHS VONAGE HOLDINGS P 2015-01-27 2015-07-20
173 SHS WALKER & DUNLOP P 2014-12-24 2015-07-20
164 SHS WALKER & DUNLOP P 2014-02-14 2015-07-20
79 SHS TRONOX P 2015-03-17 2015-07-20
192 SHS TRONIX P 2013-08-14 2015-07-20
219 SHS ACI WORLDWIDE P 2013-03-08 2015-07-20
38 SHS ALLEGIANT P 2013-03-08 2015-07-20
109 SHS ASPEN P 2013-03-07 2015-07-06
56 SHS CACI INTL P 2013-03-08 2015-07-20
141 SHS CARDTRONICS P 2013-03-08 2015-07-20
242 SHS CENTURY P 2013-03-08 2015-07-20
106 SHS CHART INDUSTRIES P 2009-02-25 2015-07-20
37 SHS DINEEQUITY P 2013-03-08 2015-07-20
71 SHS ENPRO P 2010-10-11 2015-07-20
70 SHS EXPRESS SCRIPTS P 2013-06-19 2015-07-31
126 SHS HEXCEL P 2013-03-08 2015-07-20
162 SHS MYR GROUP P 2013-03-21 2015-07-20
207 SHS NAVIGANT CONS P 2012-04-26 2015-07-20
377 SHS NXSTAGE P 2013-02-12 2015-07-20
516 SHS OFFICE DEPOT P 2013-03-08 2015-07-20
525 SHS PAYPAL P 2014-05-15 2015-07-21
453 SHS VISHAY P 2008-08-27 1958-07-20
48 SHS CHILDRENS PLACE P 2010-10-28 2015-07-20
285 SHS CHUBB P 2007-07-24 2015-07-07
94 SHS DELUXE P 2010-01-04 2015-07-20
9 SHS OSI SYS P 2011-05-16 2015-07-16
140 SHS PNC FINANCIAL P 2011-07-06 2015-07-31
7 SHS PRA P 2007-05-31 2015-07-16
40 SHS PEPSICO P 2008-10-14 2015-07-31
60 SHS TARGET P 2008-11-19 2015-07-31
70 SHS US BANCORP P 2011-08-09 2015-07-31
258 SHS WELLS FARGO P 2010-11-03 2015-07-31
252 SHS CONOCOPHILLIPS P 2009-01-09 2015-08-28
133 SHS ACTUANT P 2015-07-20 2015-09-03
313 SHS MOLSON COORS P 2010-01-26 2015-09-17
12 SHS MANHATTAN ASSOCIATES P 2015-07-20 2015-09-28
.333 SHS MADISON SQUARE P 2015-07-20 2015-09-30
100 SHS WOLVERINE P 2015-07-20 2015-10-09
227 SHS MICROSOFT P 2008-07-18 2015-10-26
18 SHS MANHATTAN P 2015-07-20 2015-10-27
34 SHS BANK OF THE OZARKS P 2015-07-20 2015-11-12
74 SHS EXPRESS SCRIPTS P 2013-06-19 2015-11-09
81 SHS BED BATH & BEYOND P 2014-03-05 1958-12-23
31 SHS AMERICAN AXLE P 2015-07-20 2015-12-28
32 SHS AMTRUST P 2015-07-20 2015-12-28
18 SHS ASTRONICS P 2015-07-20 2015-12-28
16 SHS BALCHEM CORP P 2015-07-20 2015-12-28
38 SHS BANK OF THE OZARKS P 2015-07-20 2015-12-28
5 SHS B/E AEROSPACE P 2015-07-20 2015-12-28
3 SHS BOSTON BEER P 2015-07-20 2015-12-28
10 SHS COLFAX CORP P 2015-07-20 2015-12-28
18 SHS COLLIERS INTERN P 2015-07-20 2015-12-28
15 SHS CORVEL CORP P 2015-07-20 2015-12-28
8 SHS CREDIT ACCEPTANCE P 2015-07-20 2015-12-28
21 SHS DORMAN PRODUCTS P 2015-07-20 2015-12-28
18 SHS DREW INDUSTRIES P 2015-07-20 2015-12-28
38 SHS EAGLE BANCORP P 2015-07-20 2015-12-28
20 SHS ENERSYS P 2015-07-20 2015-12-28
8 SHS ESTERLINE TECH P 2015-07-20 2015-12-28
23 SHS FIRSTSERVICE CORP P 2015-07-20 2015-12-28
170 SHS FRANKLIN RESOURCES P 2015-06-22 2015-12-23
24 SHS GP STRATEGIES CORP P 2015-07-20 2015-12-28
5 SHS GENESEE & WYOMING P 2015-07-20 2015-12-28
16 SHS HSN INC P 2015-07-20 2015-12-28
14 SHS HEICO CORP P 2015-07-20 2015-12-28
22 SHS HOME BANCSHARES P 2015-07-20 2015-12-28
12 SHS KLX INC P 2015-07-20 2015-12-28
40 SHS LEGACY TEXAS FINL P 2015-07-20 2015-12-28
10 SHS LITHIA MTRS P 2015-07-20 2015-12-28
18 SHS MSG NETWORK INC P 2015-07-20 2015-12-28
6 SHS MADISON SQUARE P 2015-07-20 2015-12-28
26 SHS MANHATTAN ASSOC P 2015-07-20 2015-12-28
19 SHS MONRO MUFFLER BRAKE P 2015-07-20 2015-12-28
99 SHS NATIONAL GENERAL P 2015-07-20 2015-12-28
11 SHS NEENAH PAPER P 2015-07-20 2015-12-28
27 SHS NEOGEN CORP P 2015-07-20 2015-12-28
7 SHS OIL STATES P 2015-07-20 2015-12-28
14 SHS ON ASSIGNMENT P 2015-07-20 2015-12-28
15 SHS OPEN TEXT P 2015-07-20 2015-12-28
21 SHS PAREXEL INTL P 2015-07-20 2015-12-28
24 SHS RLI CORP P 2015-07-20 2015-12-28
8 SHS TREEHOUSE FOODS P 2015-07-20 2015-12-28
8 SHS TYLER TECH P 2015-07-20 2015-12-28
61 SHS WESCO AIRCRAFT P 2015-07-20 2015-12-28
8 SHS WEX P 2015-07-20 2015-12-28
227 SHS WHOLE FOODS P 2015-08-18 2015-12-28
16 SHS WORLD FUEL P 2015-07-20 2015-12-28
5 SHS HELEN OF TROY P 2015-09-02 2015-12-28
145 SHS MEDTRONIC P 2015-01-27 2015-12-28
70 SHS CHEVRON P 2006-12-05 2015-12-28
197 SHS DIAMOND OFFSHORE P 2014-12-02 2015-12-28
184 SHS EBAY P 2014-05-15 2015-12-28
187 SHS EXELON P 2012-10-05 2015-12-28
60 SHS EXPRESS P 2013-06-19 2015-12-28
301 SHS HONDA P 2014-11-20 2015-12-28
361 SHS TAIWAN SEMICONDUCTOR P 2013-08-20 2015-12-28
210 SHS BAXALTA P 2010-04-28 2015-12-28
158 SHS BAXTER P 2010-04-28 2015-12-28
205 SHS CISCO P 2011-02-09 2015-12-28
88 SHS EXXON P 2010-01-08 2015-12-28
95 SHS JOHNSON & JOHNSON P 2011-02-22 2015-12-28
96 SHS MICROSOFT P 2010-09-08 2015-12-28
19 SHS OSI P 2011-05-16 2015-12-28
52 SHS PNC P 2011-08-08 2015-12-28
44 SHS PRA P 2007-05-31 2015-12-28
141 SHS PEPSICO P 2008-10-14 2015-12-28
159 SHS SUNTRUST P 2009-01-30 2015-12-28
104 SHS TARGET P 2010-10-28 2015-12-28
128 SHS TORCHMARK P 2009-03-09 2015-12-28
107 SHS TRAVELERS P 2006-08-09 2015-12-28
193 SHS U BANCORP P 2011-08-09 2015-12-28
CAPITAL GAINS DIVIDENDS P    
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 2,569   2,427 142
b 6,148   2,087 4,061
c 11,628   18,664 -7,036
d 18,534   36,860 -18,326
e 1,801   3,758 -1,957
226   258 -32
1,341   1,158 183
209   129 80
279   236 43
3,639   1,790 1,849
623   537 86
85   53 32
69   53 16
326   214 112
350   385 -35
127   124 3
442   429 13
2,368   1,611 757
167   186 -19
76   70 6
1,509   1,088 421
1,780   436 1,344
5,214   3,888 1,326
211   120 91
50   20 30
232   130 102
941   856 85
7   7 0
420   390 30
882   426 456
2,482   3,111 -629
2,962   1,427 1,535
726   456 270
8,244   8,465 -221
19,598   9,008 10,590
1,127   265 862
1,279   759 520
4,482   3,967 515
468   486 -18
2,290   1,900 390
23,446   12,765 10,681
4,510   5,533 -1,023
6,759   4,424 2,335
6,986   3,705 3,281
676   691 -15
6,857   4,579 2,278
6,268   3,200 3,068
3,902   3,735 167
5,016   4,233 783
5,422   4,500 922
509   368 141
2,148   3,033 -885
946   669 277
904   575 329
2,122   1,567 555
1,107   1,032 75
2,886   3,973 -1,087
1,713   1,278 435
1,369   709 660
4,404   1,517 2,887
3,386   4,270 -884
13,356   8,091 5,265
938   552 386
1,356   910 446
753   486 267
1,477   2,602 -1,125
1,198   3,156 -1,958
18,525   5,722 12,803
694   745 -51
950   878 72
28,125   28,189 -64
3,090   2,508 582
3,563   3,230 333
6,522   5,292 1,230
4,132   4,081 51
3,433   4,597 -1,164
1,110   1,070 40
508   645 -137
3,156   5,167 -2,011
6,302   5,717 585
2,354   3,887 -1,533
1,367   3,459 -2,092
4,753   4,431 322
5,453   6,491 -1,038
3,041   3,061 -20
4,093   4,248 -155
3,768   4,017 -249
4,103   1,858 2,245
3,187   4,700 -1,513
8   8 0
9,375   4,452 4,923
1,017   2,940 -1,923
2,176   3,089 -913
2,916   4,412 -1,496
4,181   4,044 137
974   1,125 -151
4,303   5,578 -1,275
3,006   2,174 832
1,909   2,532 -623
4,272   4,680 -408
5,173   4,211 962
4,520   4,430 90
4,412   5,277 -865
3,378   4,186 -808
2,204   2,126 78
2,702   3,928 -1,226
1,736   1,554 182
2,624   3,032 -408
4,765   5,624 -859
2,400   2,789 -389
4,579   4,037 542
3,918   5,404 -1,486
4,861   4,460 401
1,186   1,412 -226
2,732   4,591 -1,859
4,991   8,552 -3,561
3,236   2,528 708
2,170   3,054 -884
2,731   3,087 -356
2,796   4,808 -2,012
5,187   4,236 951
2,464   2,431 33
4,888   4,069 819
3,873   2,767 1,106
851   851 0
3,483   3,656 -173
1,261   1,266 -5
2,525   2,938 -413
25   25 0
4,842   2,557 2,285
4,001   4,714 -713
34   33 1
3,964   2,718 1,246
4,899   4,354 545
4,775   3,486 1,289
4,525   2,552 1,973
978   1,580 -602
2,393   4,459 -2,066
5,306   3,451 1,855
7,547   3,254 4,293
4,914   3,444 1,470
4,634   3,014 1,620
4,950   3,768 1,182
2,256   2,016 240
3,436   4,103 -667
3,677   2,626 1,051
3,837   2,394 1,443
6,284   4,387 1,897
6,431   3,578 2,853
5,005   4,025 980
3,084   2,956 128
5,302   4,467 835
4,279   2,193 2,086
20,931   16,253 4,678
5,275   3,735 1,540
3,065   2,177 888
34,595   13,492 21,103
5,749   1,463 4,286
648   361 287
13,780   7,694 6,086
445   138 307
3,854   2,174 1,680
4,914   2,500 2,414
3,168   1,546 1,622
14,947   6,741 8,206
11,757   11,649 108
2,638   3,053 -415
25,925   13,453 12,472
769   749 20
52   61 -9
2,120   2,852 -732
12,071   5,726 6,345
1,314   1,124 190
1,771   1,545 226
6,514   4,637 1,877
3,969   5,564 -1,595
604   624 -20
2,047   2,140 -93
694   1,093 -399
1,005   892 113
1,908   1,727 181
209   277 -68
610   676 -66
231   425 -194
797   759 38
664   481 183
1,754   1,890 -136
1,017   1,035 -18
1,099   1,052 47
1,933   1,772 161
1,130   1,317 -187
664   745 -81
894   689 205
6,356   8,748 -2,392
623   810 -187
267   362 -95
817   1,164 -347
742   825 -83
898   859 39
372   514 -142
1,020   1,180 -160
1,072   1,172 -100
374   379 -5
961   1,106 -145
1,784   1,623 161
1,252   1,206 46
2,199   2,282 -83
702   650 52
1,561   1,312 249
192   221 -29
628   564 64
724   577 147
1,401   1,402 -1
1,489   1,273 216
640   649 -9
1,440   1,144 296
743   932 -189
717   882 -165
7,776   7,594 182
622   782 -160
490   414 76
11,193   11,051 142
6,326   6,297 29
4,142   5,889 -1,747
5,084   3,683 1,401
5,190   6,725 -1,535
5,276   3,760 1,516
9,696   9,376 320
8,315   5,720 2,595
8,094   4,325 3,769
6,024   4,119 1,905
5,591   4,022 1,569
6,925   6,108 817
9,801   5,749 4,052
5,368   2,313 3,055
1,724   761 963
4,988   2,496 2,492
1,630   687 943
14,194   7,662 6,532
6,861   2,106 4,755
7,576   5,395 2,181
7,332   982 6,350
12,139   4,699 7,440
8,308   4,262 4,046
65     65
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       142
b       4,061
c       -7,036
d       -18,326
e       -1,957
      -32
      183
      80
      43
      1,849
      86
      32
      16
      112
      -35
      3
      13
      757
      -19
      6
      421
      1,344
      1,326
      91
      30
      102
      85
      0
      30
      456
      -629
      1,535
      270
      -221
      10,590
      862
      520
      515
      -18
      390
      10,681
      -1,023
      2,335
      3,281
      -15
      2,278
      3,068
      167
      783
      922
      141
      -885
      277
      329
      555
      75
      -1,087
      435
      660
      2,887
      -884
      5,265
      386
      446
      267
      -1,125
      -1,958
      12,803
      -51
      72
      -64
      582
      333
      1,230
      51
      -1,164
      40
      -137
      -2,011
      585
      -1,533
      -2,092
      322
      -1,038
      -20
      -155
      -249
      2,245
      -1,513
      0
      4,923
      -1,923
      -913
      -1,496
      137
      -151
      -1,275
      832
      -623
      -408
      962
      90
      -865
      -808
      78
      -1,226
      182
      -408
      -859
      -389
      542
      -1,486
      401
      -226
      -1,859
      -3,561
      708
      -884
      -356
      -2,012
      951
      33
      819
      1,106
      0
      -173
      -5
      -413
      0
      2,285
      -713
      1
      1,246
      545
      1,289
      1,973
      -602
      -2,066
      1,855
      4,293
      1,470
      1,620
      1,182
      240
      -667
      1,051
      1,443
      1,897
      2,853
      980
      128
      835
      2,086
      4,678
      1,540
      888
      21,103
      4,286
      287
      6,086
      307
      1,680
      2,414
      1,622
      8,206
      108
      -415
      12,472
      20
      -9
      -732
      6,345
      190
      226
      1,877
      -1,595
      -20
      -93
      -399
      113
      181
      -68
      -66
      -194
      38
      183
      -136
      -18
      47
      161
      -187
      -81
      205
      -2,392
      -187
      -95
      -347
      -83
      39
      -142
      -160
      -100
      -5
      -145
      161
      46
      -83
      52
      249
      -29
      64
      147
      -1
      216
      -9
      296
      -189
      -165
      182
      -160
      76
      142
      29
      -1,747
      1,401
      -1,535
      1,516
      320
      2,595
      3,769
      1,905
      1,569
      817
      4,052
      3,055
      963
      2,492
      943
      6,532
      4,755
      2,181
      6,350
      7,440
      4,046
      65
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 2 170,984
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 -10,735
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 142,965 1,432,740 0.099784
2013 179,391 1,436,133 0.124913
2012 229,593 1,371,127 0.167448
2011 220,600 1,477,444 0.149312
2010 121,495 1,480,655 0.082055
2
Total of line 1, column (d) .....................
20.623512
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
0.124702
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
1,171,139
5
Multiply line 4 by line 3......................
5
146,043
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,234
7
Add lines 5 and 6........................
7
147,277
8
Enter qualifying distributions from Part XII, line 4.............
8
290,114
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 1,234
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 1,234
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 1,234
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 2,080
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 2,080
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8 6
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 10 840
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet840 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)
    bulletSC
    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
    Yes
     
    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 ofbulletERIC H PETTIT Telephone no.bullet (864) 415-6165

    Located atbulletP O BOX 8367SPARTANBURGSC ZIP+4bullet293058367
    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
    JOELLA F UTLEY SECT/TRUST
    3.00     		0 0 0
    P O BOX 8367
    SPARTANBURG,SC29305
    ERIC PETTIT TRUSTEE
    15.00     		50,000 0 0
    P O BOX 8367
    SPARTANBURG,SC29305
    OLIN SANSBURY DIRECTOR
    1.00     		0 0 0
    P O BOX 8367
    SPARTANBURG,SC29305
    CRAIG A KRIDEL DIRECTOR
    1.00     		0 0 0
    P O BOX 8367
    SPARTANBURG,SC29305
    SARAH GUNN DIRECTOR
    1.00     		0 0 0
    P O BOX 8367
    SPARTANBURG,SC29305
    ERIC PETTIT DIRECTOR
    1.00     		0 0 0
    P O BOX 8367
    SPARTANBURG,SC29305
    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 PURCHASE, PHOTOGRAPH, CATALOG, MAINTAIN, AND DISPLAY A COLLECTION OF MUSICAL INSTRUMENTS 141,114
    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 NONE 0
    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
    1,323,126
    b
    Average of monthly cash balances.......................
    1b
    35,778
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,358,904
    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
    1,358,904
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    187,765
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,171,139
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    58,557
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
     
    b
    Income tax for 2015. (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
    290,114
    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
    290,114
    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
    1,234
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    288,880
    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  
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$  
    a Applied to 2014, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2015 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    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
    1993-09-19
    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
    0 0 0 0 0
    b 85% of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		290,114 142,965 180,365 229,593 843,037
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		149,000 36,999 58,333 113,000 357,332
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		141,114 105,966 122,032 116,593 485,705
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 1,275,684 1,670,233 1,715,626 1,572,868 6,234,411
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 66,140 66,140 66,140 66,140 264,560
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		39,038 47,758 47,871 45,704 180,371
    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).)
    JOELLA F UTLEY
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    BREVARD MUSIC CENTER
    349 ANDANTE LANE
    BREVARD,NC28712     		NONE 509 (A) (2) PROMOTE MUSIC 16,000
    CONVERSE COLLEGE
    580 EAST MAIN STREET
    SPARTANBURG,SC29302     		NONE 509 (A) (2) PROMOTE MUSIC 5,000
    THE MUSIC FOUNDATION OF SPARTANBURG
    200 EAST SAINT JOHN STREET
    SPARTANBURG,SC29306     		NONE 509 (A) (2) PROMOTE MUSIC 17,167
    THE NATIONAL TRUMPET COMPETITION ASSOCIATION
    3500 NORTH THIRD STREET
    ARLINGTON,VA22201     		NONE 509(A)(2) PROMOTE MUSIC 4,000
    WOFFORD COLLEGE
    429 NORTH CHURCH STREET
    SPARTANBURG,SC29303     		NONE 509 (A) (2) PROMOTE MUSIC 3,333
    NATIONAL MUSIC MUSEUM
    414 EAST CLARK STREET
    VERMILLION,SD57069     		NONE 509 (A) (2) PROMOTE MUSIC 2,500
    UNIVERSITY OF SOUTH DAKOTA FOUNDATION
    1110 NORTH DAKOTA STREET
    VERMILLION,SD57069     		NONE 509 (A) (2) PROMOTE MUSIC 100,000
    THE HISTORIC BRASS SOCIETY
    148 WEST 23RD STREET 5F
    NEW YORK,NY10011     		NONE 509 (A) (2) PROMOTE MUSIC 1,000
    Total .................................bullet 3a 149,000
    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 ...........     		    14 21  
    4 Dividends and interest from securities....     14 28,258  
    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
    Gain or (loss) from sales of assets other than inventory ............     		    18 170,984  
    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).. 0 199,263 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13199,263
    (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 JOE R AND JOELLA F UTLEY
     
    FOUNDATION INC
    EIN:
    57-0974104
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEE 9,332 6,999 6,999 0

    TY 2015 CashDeemedCharitableExplnStmt
    Name:
    THE JOE R AND JOELLA F UTLEY
     
    FOUNDATION INC
    EIN:
    57-0974104
    Explanation:
    THE FOUNDATION EXCLUDES FROM ASSETS USED IN CALCULATING MINIMUM INVESTMENT RETURN AN AMOUNT EQUAL TO ITS CURRENT ADMINISTRATIVE EXPENSES AND NORMAL AND CURRENT DISBUURSEMENTS DIRECTLY CONNECTED WITH ITS CHARIABLE ACTIVITIES. THE AMOUNT EXCLUDED FOR 2015 IS $187,765, WHICH IS THE AMOUNT PAID IN 2015 FOR SALARIES, DIRECT PROGRAM DISBURSEMENTS OTHER THAN GRANTS, AND INSURANCE.

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

    TY 2015 DepreciationSchedule
    Name:
    THE JOE R AND JOELLA F UTLEY
     
    FOUNDATION INC
    EIN:
    57-0974104
    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
    MUSIC REFERNCE BKS 1995-07-25 254 254 SL 12.000000000000 0 0 0  
    MUSIC REFERANCE BK 1995-09-08 114 114 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE BK 1995-10-16 779 779 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE BK 1995-12-07 311 311 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE BK 1995-12-31 1,072 1,072 SL 12.000000000000 0 0 0  
    MUSIC & MEDICINE B 1996-02-20 39 39 SL 12.000000000000 0 0 0  
    MUSIC HISTORY REF 1996-03-21 813 813 SL 12.000000000000 0 0 0  
    MUSIC HISTORY REF 1996-05-30 314 314 SL 12.000000000000 0 0 0  
    GROVE DICTIONARIES 1996-06-12 911 911 SL 12.000000000000 0 0 0  
    BAND ENCYLCLOPEDIA 1996-06-20 100 100 SL 12.000000000000 0 0 0  
    MUSIC REF BK 1996-07-02 64 64 SL 12.000000000000 0 0 0  
    MUSIC DICTIONARIES 1996-08-21 940 940 SL 12.000000000000 0 0 0  
    MUSIC REF BK 1996-11-23 50 50 SL 12.000000000000 0 0 0  
    SPARTAN COPIER 1997-11-20 882 882 SL 10.000000000000 0 0 0  
    MUSIC REFERENCES 1997-10-20 305 305 SL 12.000000000000 0 0 0  
    MUSIC REFERENCES 1997-12-21 950 950 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 1998-02-09 30 30 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 1998-09-05 500 500 SL 12.000000000000 0 0 0  
    MUSIN REFERENCES 1998-09-26 181 181 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 1998-09-29 32 32 SL 12.000000000000 0 0 0  
    MUSIN REFERENCES 1998-11-08 1,841 1,841 SL 12.000000000000 0 0 0  
    MUSIC REFERENCES 1999-01-12 114 114 SL 12.000000000000 0 0 0  
    MUSIC REFERENCES 1999-02-07 369 369 SL 12.000000000000 0 0 0  
    MUSIC REFERENCES 1999-03-16 120 120 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 1999-04-13 385 385 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 1999-05-23 189 189 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 1999-06-16 52 48 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 1999-09-07 133 133 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 1999-10-10 18 18 SL 12.000000000000 0 0 0  
    MUSIC REFERENCES 1999-11-11 684 684 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 1999-12-12 28 24 SL 12.000000000000 0 0 0  
    MUSIC REFERENCE 2000-01-09 62 62 SL 12.000000000000 0 0 0  
    MUSIC REFERENCES 2000-05-14 719 719 SL 12.000000000000 0 0 0  
    MUSIC REFERENCES 2000-06-08 937 937 SL 12.000000000000 0 0 0  
    DIGITAL CAMERA 2002-09-25 1,033 1,033 SL 12.000000000000 0 0 0  
    EQUIPMENT 2002-08-29 304 304 SL 12.000000000000 0 0 0  
    DESK/HUTCH/TABLES 2002-08-29 2,976 2,976 SL 12.000000000000 0 0 0  
    FURNITURE & EQUIP. 2002-08-29 15,147 15,147 SL 12.000000000000 0 0 0  
    PRINTER 2002-08-29 240 240 SL 12.000000000000 0 0 0  
    COMPUTER/PRINTER 2002-08-29 11,466 11,466 SL 12.000000000000 0 0 0  
    COMPUTER 2002-08-29 3,101 3,101 SL 12.000000000000 0 0 0  
    EXHIBIT DISPLAY 2002-08-29 1,038 1,038 SL 12.000000000000 0 0 0  
    COMPUTER 2002-08-29 13,469 13,469 SL 12.000000000000 0 0 0  
    COMPUTER 2002-08-29 3,922 3,922 SL 12.000000000000 0 0 0  
    COMPUTER 2002-08-29 9,058 9,058 SL 12.000000000000 0 0 0  
    COMPUTER 2002-08-29 6,190 6,190 SL 12.000000000000 0 0 0  
    SAMSUNG LASER FAX 2003-07-06 314 299 SL 12.000000000000 15 0 15  
    MACINTOSH COMPUTER 2005-03-12 3,113 2,547 SL 12.000000000000 259 0 259  
    OFFICE EQUIPMENT 2006-11-03 985 670 SL 12.000000000000 82 0 82  

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE JOE R AND JOELLA F UTLEY
     
    FOUNDATION INC
    EIN:
    57-0974104
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SCHWAB MONEY MARKET FUND AT COST 4,205 4,205
    383 SHS ECA MARCELLUS AT COST 3,004 578
    250 SHS SANDRIDGE PERMIAN AT COST 2,139 743
    WELLS FARGO MONEY MKT 0346 AT COST 131,031 131,031
    528 SHS ACCURAY INC AT COST 0 0
    219 SHS ACI WORLDWIDE AT COST 0 0
    38 SHS ALLEGIANT TRAVEL AT COST 0 0
    151 SHS AMERICAN AXLE AT COST 3,037 2,859
    403 SHS AMERICAN EXPRESS CO AT COST 19,461 28,028
    637 SHS AMKOR TECHNOLOGY AT COST 0 0
    145 SHS AMTRUST FINANCIAL AT COST 9,697 8,929
    53 SHS ANIXTER INTL AT COST 0 0
    1,560 SHS ANNALY CAPITAL MANAGEMENT AT COST 15,536 14,632
    109 SHS ASPEN TECHNOLOGY AT COST 0 0
    100 SHS ASTRONICS AT COST 5,033 4,071
    141 SHS ATWOOD OCEANICS AT COST 0 0
    45 SHS B/E AEROSPACE AT COST 2,494 1,906
    73 SHS BALCHEM AT COST 4,070 4,438
    187 SHS BANK OF THE OZARKS AT COST 8,497 9,249
    295 SHS BAXALTA INC AT COST 8,140 11,513
    1,420 SHS BARRICK GOLD CORP AT COST 0 0
    347 SHS BAXTER INTERNATIONAL AT COST 11,240 13,238
    299 SHS BED BATH & BEYOND AT COST 20,480 14,426
    219 BERKSHIRE HILLS AT COST 0 0
    448 SHS BIOSCRIP INC AT COST 0 0
    16 SHS BOSTON BEER AT COST 3,580 3,230
    170 SHS BOTTOMLINE TECHNOLOGIES AT COST 0 0
    836 SHS BRIGHTCOVE INC AT COST 0 0
    56 SHS CACI INTL INC AT COST 0 0
    129 SHS CARBO CERAMICS INC AT COST 0 0
    141 SHS CARDTRONICS INC AT COST 0 0
    242 SHS CENTURY ALUMINUM AT COST 0 0
    106 SHS CHART INDUSTRIES AT COST 0 0
    180 SHS CHEVRON CORP AT COST 18,353 16,192
    48 SHS CHILDREN PL RETAIL AT COST 0 0
    285 SHS CHUBB CORPORATION AT COST 0 0
    605 SHS CISCO SYSTEMS AT COST 9,758 16,428
    55 SHS COLFAX AT COST 2,337 1,284
    79 SHS COLLIERS AT COST 3,331 3,519
    252 SHS CONOCO PHILLIPS AT COST 0 0
    74 SHS CORVEL AT COST 2,373 3,250
    38 SHS CREDIT ACCEPTANCE AT COST 8,976 8,133
    180 SHS CVS CAREMARK CORP AT COST 0 0
    94 SHS DELUXE CORP AT COST 0 0
    563 SHS DIAMOND OFFSHORE DRILLING AT COST 17,091 11,879
    37 SHS DINEEQUITY AT COST 0 0
    98 SHS DORMAN PRODUCTS AT COST 4,829 4,652
    298 SHS DR PEPPER SNAPPLE GROUP AT COST 0 0
    77 SHS DREW INDUSTRIES AT COST 4,500 4,689
    60 SHS DYCOM INDUSTRIES AT COST 0 0
    299 SHS DYNAMIC MATERIALS AT COST 0 0
    168 SHS EAGLE BANCORP AT COST 7,832 8,479
    1,220 SHS EARTHLINK AT COST 0 0
    898 SHS EBAY INC AT COST 22,785 24,677
    656 SHS ECLIPSE RESOURCES AT COST 0 0
    184 SHS ELIZABETH ARDEN AT COST 0 0
    92 SHS ENERSYS AT COST 6,059 5,146
    71 SHS ENPRO INDUSTRIES AT COST 0 0
    36 SHS ESTERLINE TECH AT COST 3,351 2,916
    1,044 SHS EXELON CORP AT COST 32,598 28,992
    281 SHS EXPRESS SCRIPTS AT COST 18,448 24,562
    365 SHS EXXON MOBIL AT COST 27,001 28,452
    101 SHS FIRST CASH FINANCIAL AT COST 0 0
    102 SHS FIRSTSERVICE AT COST 3,149 4,124
    526 SHS FRANKLIN RESOURCES AT COST 25,564 19,367
    103 SHS GENERAL CABLE CORP AT COST 0 0
    27 SHS GENESSEE AT COST 1,954 1,450
    596 SHS GLAXOSMITHKLINE AT COST 23,032 24,049
    97 SHS GP STRATEGIES AT COST 3,273 2,436
    74 SHS HEICO CORP AT COST 4,360 4,023
    23 SHS HELEN OF TROY AT COST 1,936 2,168
    126 SHS HEXCEL CORP AT COST 0 0
    768 SHS HH GREGG AT COST 0 0
    91 SHS HOME BANCSHARES AT COST 3,554 3,687
    263 SHS HOME LOAN SERVICING AT COST 0 0
    639 SHS HONDA MOTOR AT COST 20,028 20,403
    71 SHS HSN AT COST 5,165 3,598
    508 SHS JG WENTWORTH AT COST 0 0
    673 SHS JIVE SOFTWARE INC AT COST 0 0
    200 SHS JOHNSON & JOHNSON AT COST 17,178 20,544
    226 SHS KCG HOLDINGS AT COST 0 0
    69 SHS KLX AT COST 2,906 2,125
    238 SHS KRATON PERFORMANCE AT COST 0 0
    106 SHS LANNETT COMPANY AT COST 0 0
    176 SHS LEGACY TEXAS FIN AT COST 5,194 4,404
    50 SHS LITHIA MTRS AT COST 5,756 5,334
    145 SHS M D C HOLDINGS AT COST 0 0
    495 SHS MACK CALI RLTY CORP AT COST 9,979 11,558
    26 SHS MADISON SQUARE GARDEN AT COST 4,795 4,207
    134 SHS MANHATTAN ASSOC AT COST 8,365 8,867
    264 SHS MASTEC INC AT COST 0 0
    320 SHS MEDTRONIC INC AT COST 170 24,614
    372 SHS MICROSOFT CORP AT COST 9,744 20,639
    313 SHS MOLSON COORS BREWING AT COST 0 0
    81 SHS MONRO MUFFLER AT COST 5,140 5,364
    79 SHS MSG NETWORK AT COST 1,662 1,643
    162 SHS MYR GROUP AT COST 0 0
    422 SHS NATIONAL GENERAL HOLDINGS AT COST 9,366 9,225
    207 SHS NAVIGANT CONSULTING AT COST 0 0
    377 SHS NXSTAGE MEDICAL AT COST 0 0
    51 SHS NEENAH PAPER AT COST 3,016 3,184
    121 SHS NEOGEN AT COST 5,867 6,839
    475 SHS NEWMONT MINING CORP AT COST 0 0
    483 SHS OCWEN FINL CORP AT COST 0 0
    516 SHS OFFICE DEPOT AT COST 0 0
    285 SHS OFG BANCORP AT COST 0 0
    35 SHS OIL STATES AT COST 1,106 954
    65 SHS ON ASSIGNMENT AT COST 2,581 2,922
    72 SHS OPEN TEXT AT COST 2,770 3,451
    89 SHS OSI SYS AT COST 4,932 7,891
    92 SHS PAREXEL AT COST 6,144 6,267
    329 SHS PEPSICO INC AT COST 20,497 32,874
    258 SHS PNC FINANCIAL SERVICES AT COST 13,648 24,590
    191 SHS PRA GRP INC AT COST 10,271 6,626
    360 SHS PROCTER & GAMBLE AT COST 18,954 28,588
    360 SHS QUALCOMM AT COST 22,659 17,995
    409 SHS RIGHTSIDE GROUP AT COST 0 0
    90 SHS R L I AT COST 4,877 5,558
    322 SHS RUBICON PROJECT INC AT COST 0 0
    101 SHS SHUTTERFLY INC AT COST 0 0
    339 SHS SILVER SPRING NETWORKS AT COST 0 0
    1,221 SHS SOUTHWESTERN ENERGY AT COST 35,371 8,681
    139 SHS STARWOOD WAYPOINT AT COST 0 0
    44 SHS STIFEL FINANCIAL AT COST 0 0
    286 SHS SUNTRUST BKS INC AT COST 4,733 12,252
    197 SHS SYKES ENTERPRISES AT COST 0 0
    355 SHS T ROWE PRICE GROUP AT COST 0 0
    894 SHS TAIWAN SEMICONDUCTOR AT COST 14,165 20,339
    396 SHS TARGET CORP AT COST 21,675 28,754
    217 SHS TORCHMARK CORP AT COST 2,604 12,404
    183 SHS TRAVELERS COMPANIES AT COST 11,320 20,653
    32 SHS TREEHOUSE FOODS AT COST 2,598 2,511
    192 SHS TRONOX AT COST 0 0
    32 SHS TYLER TECH AT COST 4,577 5,578
    572 SHS US BANCORP AT COST 15,293 24,407
    118 SHS VERIFONE SYSTEMS AT COST 0 0
    453 SHS VISHAY INTERTECHNOLOGY AT COST 0 0
    672 SHS WAL-MART AT COST 38,016 41,194
    164 SHS WALKER & DUNLOP AT COST 0 0
    527 SHS WELLS FARGO COMPANY AT COST 15,136 28,648
    307 SHS WESCO AIRCRAFT AT COST 4,585 3,675
    43 SHS WEX AT COST 4,743 3,801
    600 SHS WHOLE FOODS MARKET INC AT COST 19,228 20,100
    76 SHS WORLD FUEL AT COST 3,713 2,923
    97 SHS 3D SYS CORP AT COST 0 0
    WELLS FARGO MONEY MKT 4987 AT COST 0 0
    15 SHS ACI WORLDWIDE INC AT COST 0 0
    151 SHS C&J ENERGY SERVICES AT COST 0 0
    72 SHS DRIL-QUIP AT COST 0 0
    818 SHS ENTROPIC COMMUNICATIONS AT COST 0 0

    TY 2015 LandEtcSchedule2
    Name:
    THE JOE R AND JOELLA F UTLEY
     
    FOUNDATION INC
    EIN:
    57-0974104
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    MUSIC REFERNCE BKS 254 254 0  
    MUSIC REFERANCE BK 114 114 0  
    MUSIC REFERENCE BK 779 779 0  
    MUSIC REFERENCE BK 311 311 0  
    MUSIC REFERENCE BK 1,072 1,072 0  
    MUSIC & MEDICINE B 39 39 0  
    MUSIC HISTORY REF 813 813 0  
    MUSIC HISTORY REF 314 314 0  
    GROVE DICTIONARIES 911 911 0  
    BAND ENCYLCLOPEDIA 100 100 0  
    MUSIC REF BK 64 64 0  
    MUSIC DICTIONARIES 940 940 0  
    MUSIC REF BK 50 50 0  
    SPARTAN COPIER 882 882 0  
    MUSIC REFERENCES 305 305 0  
    MUSIC REFERENCES 950 950 0  
    MUSIC REFERENCE 30 30 0  
    MUSIC REFERENCE 500 500 0  
    MUSIN REFERENCES 181 181 0  
    MUSIC REFERENCE 32 32 0  
    MUSIN REFERENCES 1,841 1,841 0  
    MUSIC REFERENCES 114 114 0  
    MUSIC REFERENCES 369 369 0  
    MUSIC REFERENCES 120 120 0  
    MUSIC REFERENCE 385 385 0  
    MUSIC REFERENCE 189 189 0  
    MUSIC REFERENCE 52 48 4  
    MUSIC REFERENCE 133 133 0  
    MUSIC REFERENCE 18 18 0  
    MUSIC REFERENCES 684 684 0  
    MUSIC REFERENCE 28 24 4  
    MUSIC REFERENCE 62 62 0  
    MUSIC REFERENCES 719 719 0  
    MUSIC REFERENCES 937 937 0  
    DIGITAL CAMERA 1,033 1,033 0  
    EQUIPMENT 304 304 0  
    DESK/HUTCH/TABLES 2,976 2,976 0  
    FURNITURE & EQUIP. 15,147 15,147 0  
    PRINTER 240 240 0  
    COMPUTER/PRINTER 11,466 11,466 0  
    COMPUTER 3,101 3,101 0  
    EXHIBIT DISPLAY 1,038 1,038 0  
    COMPUTER 13,469 13,469 0  
    COMPUTER 3,922 3,922 0  
    COMPUTER 9,058 9,058 0  
    COMPUTER 6,190 6,190 0  
    SAMSUNG LASER FAX 314 314 0  
    MACINTOSH COMPUTER 3,113 2,806 307  
    OFFICE EQUIPMENT 985 752 233  


    TY 2015 OtherAssetsSchedule
    Name:
    THE JOE R AND JOELLA F UTLEY
     
    FOUNDATION INC
    EIN:
    57-0974104
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    TRUMPET ARTWORK 12,300 12,300 12,300
    TRUMPET 53,840 53,840 53,840


    TY 2015 OtherExpensesSchedule
    Name:
    THE JOE R AND JOELLA F UTLEY
     
    FOUNDATION INC
    EIN:
    57-0974104
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 179 179 179 0
    PROGRAM EXPENSE 126,672 0 0 126,672
    INSURANCE - MUSICAL INSTRUMENTS 11,093 0 0 11,093


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE JOE R AND JOELLA F UTLEY
     
    FOUNDATION INC
    EIN:
    57-0974104
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 21,955 21,955 21,955 0


    TY 2015 TaxesSchedule
    Name:
    THE JOE R AND JOELLA F UTLEY
     
    FOUNDATION INC
    EIN:
    57-0974104
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID ON DIVIDENDS 254 254 254 0
    FEDERAL INCOME TAX ON INV INC 4,128 0 0 0