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 11-01-2015 , and ending 10-31-2016
Name of foundation
J ROGERS BADGETT SR FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)220 N MAIN ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MADISONVILLE, KY42431
A Employer identification number

31-1755149
B Telephone number (see instructions)

(270) 821-0408
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$25,506,633J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 6 6  
4 Dividends and interest from securities... 313,794 313,794  
5a Gross rents............ 3,675,074 3,675,074  
b Net rental income or (loss) 838,234
6a Net gain or (loss) from sale of assets not on line 10 2,134
b Gross sales price for all assets on line 6a 417,502
7 Capital gain net income (from Part IV, line 2)... 2,134
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 42,398 42,398  
12 Total. Add lines 1 through 11........ 4,033,406 4,033,406  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 45,714 22,857   22,857
14 Other employee salaries and wages...... 384,654 381,908   2,746
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 549 549   0
b Accounting fees (attach schedule)....... Click to see attachment 5,934 2,967   2,967
c Other professional fees (attach schedule).... Click to see attachment 42,806 40,056   2,750
17 Interest............... 222,777 222,777   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 380,270 274,130   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 693,245 693,245  
20 Occupancy.............. 8,992 4,496   4,496
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,285,186 1,279,660   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,070,127 2,922,645   35,816
25 Contributions, gifts, grants paid....... 1,096,819 1,096,819
26 Total expenses and disbursements. Add lines 24 and 25 4,166,946 2,922,645   1,132,635
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -133,540
b Net investment income (if negative, enter -0-) 1,110,761
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 181,530 233,706 233,706
2 Savings and temporary cash investments......... 1,069,697 1,795,613 1,795,613
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.......... 4,720 4,720 4,720
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,837,419 Click to see attachment5,394,249 5,270,977
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet26,938,994
Less: accumulated depreciation (attach schedule) bullet5,665,120 21,904,180 Click to see attachment21,273,874 17,698,694
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 497,937 Click to see attachment502,923 502,923
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) 29,495,483 29,205,085 25,506,633
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)...... 5,651,159 5,424,518
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 5,651,159 5,424,518
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 23,844,324 23,780,567
30 Total net assets or fund balances (see instructions)..... 23,844,324 23,780,567
31 Total liabilities and net assets/fund balances (see instructions). 29,495,483 29,205,085
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
23,844,324
2
Enter amount from Part I, line 27a .....................
2
-133,540
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
70,000
4
Add lines 1, 2, and 3 ..........................
4
23,780,784
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
217
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
23,780,567
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 PUBLICALLY TRADED SECURITY      
b PUBLICALLY TRADED SECURITY      
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 7,017   7,003 14
b 410,485   408,365 2,120
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       14
b       2,120
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 2,134
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 585,975 19,701,727 0.029742
2013 425,783 20,018,973 0.021269
2012 440,386 20,141,326 0.021865
2011 1,461,877 14,319,268 0.102092
2010 418,611 13,208,592 0.031692
2
Total of line 1, column (d) .....................
20.206660
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
0.041332
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
19,701,742
5
Multiply line 4 by line 3......................
5
814,312
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
11,108
7
Add lines 5 and 6........................
7
825,420
8
Enter qualifying distributions from Part XII, line 4.............
8
1,132,635
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 11,108
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 11,108
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 11,108
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 24,800
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 24,800
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 13,692
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet13,692 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletKY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    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 ofbulletBENTLEY F BADGETT II Telephone no.bullet (270) 821-0408

    Located atbullet1822 N MAIN ST BLDG AMADISONVILLEKY ZIP+4bullet42431
    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
    BENTLEY F BADGETT II PRESIDENT/DIRECTOR
    25.00     		45,714 0 0
    PO BOX 790
    MADISONVILLE,KY42431
    THOMAS J EDWARDS DIRECTORS
    0.30     		0 0 0
    2632 COUNTRY CLUB DRIVE
    MADISONVILLE,KY42431
    MARY RHEAETTA ASHBY VICE PRESIDENT/DIRECTOR
    0.10     		0 0 0
    187 MORGAN LANE
    HOPKINSVILLE,KY42240
    CLAUDE R BADGETT SEC/TREAS/DIRECTOR
    0.10     		0 0 0
    250 PIN OAK LANE
    MADISONVILLE,KY42431
    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 NOT APPLICABLE 0
    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 NOT APPLICABLE 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
    5,607,996
    b
    Average of monthly cash balances.......................
    1b
    1,608,917
    c
    Fair market value of all other assets (see instructions)................
    1c
    18,209,374
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,426,287
    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
    5,424,518
    3
    Subtract line 2 from line 1d.........................
    3
    20,001,769
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    300,027
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    19,701,742
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    985,087
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    985,087
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    11,108
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
    72,616
    c
    Add lines 2a and 2b............................
    2c
    83,724
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    901,363
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    901,363
    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
    901,363
    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
    1,132,635
    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
    1,132,635
    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
    11,108
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,121,527
    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 7 901,363
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 493,841
    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$ 1,132,635
    a Applied to 2014, but not more than line 2a 493,841
    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..... 638,794
    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 ..........     		262,569
    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 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
    BOY SCOUTS OF AMERICA
    PO BOX 487
    OWENSBORO,KY42302     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 70,000
    CHRISTIAN FOOD BANK
    114 NORTH FRANKLIN STREET
    MADISONVILLE,KY42431     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 7,500
    HOPKINS COUNTY ECON DEVELOPMENT
    755 INDUSTRIAL ROAD
    MADISONVILLE,KY42431     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 375,000
    KENTUCKY WESLEYAN COLLEGE
    3000 FREDERICA STREET
    OWENSBORO,KY42301     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 16,000
    LIGHTHOUSE PROMISE INC
    5312 SHEPHERDSVILLE ROAD
    LOUISVILLE,KY40228     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 9,506
    MADISONVILLE COMMUNITY COLLEGE
    2000 COLLEGE DRIVE
    MADISONVILLE,KY42431     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 133,333
    MSU FOUNDATION
    150 UNIVERSITY BLVD
    MOREHEAD,KY40351     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 385,000
    OCTC FOUNDATION
    4800 NEW HARTFORD ROAD
    OWENSBORO,KY42303     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 49,278
    OPERATION OPEN ARMS
    1400 ENVOY CIRCLE
    LOUISVILLE,KY40299     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 5,000
    WKU COLLEGE HEIGHTS FOUNDATION
    1906 COLLEGE HEIGHTS BLVD
    BOWLING GREEN,KY42101     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 45,202
    WESTERN KENTUCKY TEEN CHALLENGE
    231 SR 2839
    DIXON,KY42409     		NONE PUBLIC CHARITY TO BE USED IN EXEMPT PURPOSE 1,000
    Total .................................bullet 3a 1,096,819
    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 6  
    4 Dividends and interest from securities....     14 313,794  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531120 357,638 16 480,596  
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income..... 900001 41,837 14 561  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    14 2,134  
    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).. 399,475 797,091 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,196,566
    (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:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,934 2,967   2,967

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

    TY 2015 DepreciationSchedule
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    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
    LAND 2009-12-03 1,600,000   L   0 0    
    PARKING & SIDEWALKS 2009-12-03 400,000 157,779 SL 15.000000000000 26,667 26,667    
    BUILDING 2009-12-03 9,793,798 1,485,811 SL 39.000000000000 251,123 251,123    
    BUILDING IMPROVEMENTS 2009-12-03 62,530 9,485 SL 39.000000000000 1,603 1,603    
    HVAC 2011-10-11 22,700 2,377 SL 39.000000000000 582 582    
    BUILDING IMPROVEMENTS 2011-06-30 28,400 3,155 SL 39.000000000000 728 728    
    IMPROVEMENTS- NEW AUTO DOOR 2008-12-03 14,216 2,722 SL 39.000000000000 365 365    
    LEASEHOLD IMPROVEMENTS 2008-08-15 17,333 4,335 SL 15.000000000000 578 1,156    
    ELEVATOR- UPDATE CARS AND ELECTRONICS 2008-07-30 60,619 12,238 SL 39.000000000000 1,554 1,554    
    PARKING LOT 2008-01-01 71,640 38,208 SL 15.000000000000 4,776 4,776    
    BUILDING & COMPONENTS 2009-12-31 237,601 39,344 SL 39.000000000000 6,092 6,092    
    CARPET & DRAPES 2009-12-31 30,074 15,037 200DB 5.000000000000 0 0    
    TENANT IMPROVEMENTS 2009-12-31 24,111 5,226 SL 15.000000000000 804 1,607    
    BUILDING & COMPONENTS 2010-06-15 17,636 2,693 SL 39.000000000000 452 452    
    SLAP OUT PROPERTY (REAL ESTATE) 2011-04-18 150,000   L   0 0    
    PARKING DECK 2010-06-15 24,500 4,494 SL 15.000000000000 817 1,633    
    TENANT IMPROVEMENTS 2010-06-15 227,480 34,755 SL 39.000000000000 5,833 5,833    
    REPLACE RTU (CLIMATEC LLC) 2012-06-15 17,989 1,556 SL 39.000000000000 461 461    
    SEAL EXTERIOR OF BUILDING (ADVANCED SEALANTS LLC) 2012-06-20 6,275 543 SL 39.000000000000 161 161    
    HOLLAND ROOFING 8/12 REPLACEMENT 2012-08-31 79,458 6,535 SL 39.000000000000 2,037 2,037    
    ADVANCE SEALANT WATERPROOF 2012-09-30 18,825 1,509 SL 39.000000000000 483 483    
    ADVANCE SEALANT WATERPROOF 2012-10-25 18,825 1,469 SL 39.000000000000 483 483    
    REPLACE WATER HEATER (GALLAHUE PLUMBING) 2012-08-06 4,390 2,847 200DB 7.000000000000 441 627    
    BUILDING & COMPONENTS 2012-12-31 342,210 29,250 SL 39.000000000000 8,775 8,775    
    CARPET & DRAPES 2012-12-31 5,594 2,193 200DB 5.000000000000 242 1,119    
    FURNITURE & FIXTURES 2012-12-31 160 51 200DB 7.000000000000 8 23    
    TENANT IMPROVEMENTS 2012-12-31 303,504 25,940 SL 39.000000000000 7,782 7,782    
    ADVANCE PARMERICA ENVELOPE SEALANTS 2012-11-25 9,413 703 SL 39.000000000000 241 241    
    ADVANCE PARMERICA ENVELOPE SEALANTS 2012-12-25 9,413 683 SL 39.000000000000 241 241    
    CONSTRUCTION MGMT FEE 2013-01-23 7,111 501 SL 39.000000000000 182 182    
    HVAC REPLACEMENT 2013-01-30 4,206 297 SL 39.000000000000 108 108    
    RESURFACE PARKING LOT 2013-04-12 184,585 31,790 SL 15.000000000000 12,306 12,306    
    CONSTRUCTION MGMT FEE 2013-04-25 9,229 592 SL 39.000000000000 237 237    
    OFFICE BUILDING 2005-06-06 9,750,000 2,750,000 SL 39.000000000000 250,000 250,000    
    ELEVATOR 2007-01-01 352,833 84,816 SL 39.000000000000 9,047 9,047    
    CARPET 2007-01-01 10,659 10,659 200DB 5.000000000000 0 0    
    FURNITURE & FIXTURES 2007-01-01 8,403 8,403 200DB 7.000000000000 0 0    
    IMPROVEMENTS 2007-01-01 94,392 22,688 SL 39.000000000000 2,420 2,420    
    CARPET & DRAPES 2010-06-15 1,905 952 200DB 5.000000000000 0 0    
    BUILDING & COMPONENTS 2011-12-31 194,861 22,274 SL 39.000000000000 4,996 4,996    
    PARKING DECK 2011-12-31 5,998   SL 15.000000000000 0 400    
    TENANT IMPROVEMENTS 2011-12-31 45,287 5,176 SL 39.000000000000 1,161 1,161    
    TENANT IMPROVEMENTS 2013-10-31 1,249,594 64,082 SL 39.000000000000 32,041 32,041    
    HVAC SVS (CLIMATEC, LLC) 2014-05-25 3,947 143 SL 39.000000000000 101 101    
    CARPET & DRAPES 2013-11-13 1,093 333 200DB 5.000000000000 85 219    
    TENANT IMPROVEMENTS 2014-10-08 805,681 22,380 SL 39.000000000000 20,658 20,658    
    FURNITURE & FIXTURES 2014-08-22 5,940 1,849 200DB 7.000000000000 1,169 849    
    FURNITURE & FIXTURES 2014-09-17 4,796 1,492 200DB 7.000000000000 944 685    
    FURNITURE & FIXTURES 2014-10-08 553 172 200DB 7.000000000000 109 79    
    BUILDING & COMPONENTS 2013-12-13 4,578 220 SL 39.000000000000 117 117    
    CARPETS & DRAPES 2014-01-15 1,973 1,204 200DB 5.000000000000 308 395    
    CARPET & DRAPES 2014-02-17 4,025 2,214 200DB 5.000000000000 724 805    
    BUILDING & COMPONENTS 2014-03-05 22,461 936 SL 39.000000000000 576 576    
    ELEVATOR 2014-03-05 34,282 1,428 SL 39.000000000000 879 879    
    BUILDING & COMPONENTS 2014-04-01 28,009 1,107 SL 39.000000000000 718 718    
    BUILDING & COMPONENTS 2014-05-08 4,230 158 SL 39.000000000000 108 108    
    CARPET & DRAPES 2014-05-08 4,894 2,398 200DB 5.000000000000 998 979    
    CARPET & DRAPES 2014-08-04 4,061 1,746 200DB 5.000000000000 926 812    
    BUILDING & COMPONENTS 2014-09-17 3,010 87 SL 39.000000000000 77 77    
    CARPET & DRAPES 2014-09-17 10,393 4,469 200DB 5.000000000000 2,370 2,079    
    BUILDING & COMPONENTS 2014-11-07 6,294 155 SL 39.000000000000 161 161    
    CARPET & DRAPES 2014-11-06 1,635 327 200DB 5.000000000000 523 327    
    TENANT IMPROVEMENTS 2014-11-10 52,520 1,347 SL 39.000000000000 1,347 1,347    
    BUILDING & COMPONENTS 2014-12-01 6,131 138 SL 39.000000000000 157 157    
    CARPET & DRAPES 2014-12-24 5,231 1,046 200DB 5.000000000000 1,674 1,046    
    FURNITURE & FIXTURES 2014-12-24 9,980 1,426 200DB 7.000000000000 2,444 1,426    
    TENANT IMPROVEMENTS 2014-12-24 106,698 2,280 SL 39.000000000000 2,736 2,736    
    TENANT IMPROVEMENTS 2015-01-30 52,010 1,000 SL 39.000000000000 1,334 1,334    
    BASEMENT FURNITURE & PAINTING 2015-02-18 7,681 1,097 200DB 7.000000000000 1,881 1,097    
    LIGHT FIXTURES - SUITE 450 2015-02-18 4,632 662 200DB 7.000000000000 1,134 662    
    FURNITURE & FIXTURES 2015-02-24 1,363 195 200DB 7.000000000000 334 195    
    TENANT IMPROVEMENTS 2015-02-24 35,647 609 SL 39.000000000000 914 914    
    CARPET & DRAPES 2015-03-03 3,611 722 200DB 5.000000000000 1,156 722    
    TENANT IMPROVEMENTS 2015-03-16 34,767 520 SL 39.000000000000 891 891    
    FURNITURE & FIXTURES 2015-04-08 9,264 1,323 200DB 7.000000000000 2,269 1,323    
    TENANT IMPROVEMENTS 2015-04-29 10,687 137 SL 39.000000000000 274 274    
    TENANT IMPROVEMENTS 2015-05-22 8,738 93 SL 39.000000000000 224 224    
    FURNITURE & FIXTURES 2015-06-05 2,402 343 200DB 7.000000000000 588 343    
    TENANT IMPROVEMENTS 2015-06-26 32,973 282 SL 39.000000000000 845 845    
    FURNITURE & FIXTURES 2015-07-08 1,252 179 200DB 7.000000000000 307 179    
    TENANT IMPROVEMENTS 2015-07-08 11,818 101 SL 39.000000000000 303 303    
    CARPETS & DRAPES 2015-08-20 1,927 385 200DB 5.000000000000 617 385    
    TENANT IMPROVEMENTS 2015-09-30 6,513 14 SL 39.000000000000 167 167    
    HVAC SVS (CLIMATEC, LLC) 2015-07-13 40,214 344 SL 39.000000000000 1,031 1,031    
    TENANT IMPROVEMENTS 2016-02-26 20,462   SL 39.000000000000 350 350    
    BUILDING & COMPONENTS 2016-03-18 4,360   SL 39.000000000000 70 70    
    CARPETS & DRAPES 2016-03-18 1,191   200DB 5.000000000000 298 139    
    TENANT IMPROVEMENTS 2016-03-18 7,906   SL 39.000000000000 118 118    
    TENANT IMPROVEMENTS 2016-04-08 26,052   SL 39.000000000000 390 390    
    TENANT IMPROVEMENTS 2016-04-20 7,800   SL 36.000000000000 108 108    
    CARPETS & DRAPES 2016-05-10 2,110   200DB 5.000000000000 317 211    
    CARPETS & DRAPES 2016-05-18 1,929   200DB 5.000000000000 289 161    
    TENANT IMPROVEMENTS 2016-05-10 9,667   SL 39.000000000000 124 124    
    TENANT IMPROVEMENTS 2016-05-18 1,875   SL 39.000000000000 20 20    
    TENANT IMPROVEMENTS 2016-06-14 19,866   SL 39.000000000000 212 212    
    TENANT IMPROVEMENTS 2016-07-15 3,265   SL 39.000000000000 28 28    
    TENANT IMPROVEMENTS 2016-07-27 2,610   SL 39.000000000000 17 17    
    CARPETS & DRAPES 2016-08-16 1,131   200DB 5.000000000000 57 38    
    TENANT IMPROVEMENTS 2016-08-16 10,381   SL 39.000000000000 44 44    
    TENANT IMPROVEMENTS 2016-09-09 3,578   SL 39.000000000000 15 15    
    CARPETS & DRAPES 2016-10-13 3,873   200DB 5.000000000000 194 65    
    FURNITURE & FIXTURES 2016-10-13 3,682   200DB 7.000000000000 132 44    
    TENANT IMPROVEMENTS 2016-10-13 6,375   SL 39.000000000000 14 14    
    TENANT IMPROVEMENTS 2016-10-28 476   SL 39.000000000000 0 0    
    RPL SYSTEM 2016-06-22 22,863   SL 39.000000000000 195 195    
    HVAC #108 2016-08-10 12,987   SL 39.000000000000 83 83    
    BUILDING IMPROVEMENTS 2016-09-14 38,500   SL 39.000000000000 165 165    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Name of Stock End of Year Book Value End of Year Fair Market Value
    HILLIARD LYONS - STOCKS AND MUTUAL FUNDS 5,394,249 5,270,977

    TY 2015 InvestmentsLandSchedule2
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 1,600,000 0 1,600,000  
    PARKING & SIDEWALKS 400,000 184,446 215,554  
    BUILDING 9,793,798 1,736,934 8,056,864  
    BUILDING IMPROVEMENTS 62,530 11,088 51,442  
    HVAC 22,700 2,959 19,741  
    BUILDING IMPROVEMENTS 28,400 3,883 24,517  
    IMPROVEMENTS- NEW AUTO DOOR 14,216 3,087 11,129  
    LEASEHOLD IMPROVEMENTS 17,333 13,580 3,753  
    ELEVATOR- UPDATE CARS AND ELECTRONICS 60,619 13,792 46,827  
    PARKING LOT 71,640 42,984 28,656  
    BUILDING & COMPONENTS 237,601 45,436 192,165  
    CARPET & DRAPES 30,074 30,074 0  
    TENANT IMPROVEMENTS 24,111 18,086 6,025  
    BUILDING & COMPONENTS 17,636 3,145 14,491  
    PARKING DECK 24,500 17,561 6,939  
    TENANT IMPROVEMENTS 227,480 40,588 186,892  
    REPLACE RTU (CLIMATEC LLC) 17,989 2,017 15,972  
    SEAL EXTERIOR OF BUILDING (ADVANCED SEALANTS LLC) 6,275 704 5,571  
    HOLLAND ROOFING 8/12 REPLACEMENT 79,458 8,572 70,886  
    ADVANCE SEALANT WATERPROOF 18,825 1,992 16,833  
    ADVANCE SEALANT WATERPROOF 18,825 1,952 16,873  
    REPLACE WATER HEATER (GALLAHUE PLUMBING) 4,390 3,288 1,102  
    BUILDING & COMPONENTS 342,210 38,025 304,185  
    CARPET & DRAPES 5,594 5,232 362  
    FURNITURE & FIXTURES 160 139 21  
    TENANT IMPROVEMENTS 303,504 33,722 269,782  
    ADVANCE PARMERICA ENVELOPE SEALANTS 9,413 944 8,469  
    ADVANCE PARMERICA ENVELOPE SEALANTS 9,413 924 8,489  
    CONSTRUCTION MGMT FEE 7,111 683 6,428  
    HVAC REPLACEMENT 4,206 405 3,801  
    RESURFACE PARKING LOT 184,585 44,096 140,489  
    CONSTRUCTION MGMT FEE 9,229 829 8,400  
    OFFICE BUILDING 9,750,000 3,000,000 6,750,000  
    ELEVATOR 352,833 93,863 258,970  
    CARPET 10,659 10,659 0  
    FURNITURE & FIXTURES 8,403 8,403 0  
    IMPROVEMENTS 94,392 25,108 69,284  
    CARPET & DRAPES 1,905 1,905 0  
    BUILDING & COMPONENTS 194,861 27,270 167,591  
    PARKING DECK 5,998 5,998 0  
    TENANT IMPROVEMENTS 45,287 6,337 38,950  
    TENANT IMPROVEMENTS 1,249,594 96,123 1,153,471  
    HVAC SVS (CLIMATEC, LLC) 3,947 244 3,703  
    CARPET & DRAPES 1,093 965 128  
    TENANT IMPROVEMENTS 805,681 43,038 762,643  
    FURNITURE & FIXTURES 5,940 3,018 2,922  
    FURNITURE & FIXTURES 4,796 2,436 2,360  
    FURNITURE & FIXTURES 553 281 272  
    BUILDING & COMPONENTS 4,578 337 4,241  
    CARPETS & DRAPES 1,973 1,512 461  
    CARPET & DRAPES 4,025 2,938 1,087  
    BUILDING & COMPONENTS 22,461 1,512 20,949  
    ELEVATOR 34,282 2,307 31,975  
    BUILDING & COMPONENTS 28,009 1,825 26,184  
    BUILDING & COMPONENTS 4,230 266 3,964  
    CARPET & DRAPES 4,894 3,396 1,498  
    CARPET & DRAPES 4,061 2,672 1,389  
    BUILDING & COMPONENTS 3,010 164 2,846  
    CARPET & DRAPES 10,393 6,839 3,554  
    BUILDING & COMPONENTS 6,294 316 5,978  
    CARPET & DRAPES 1,635 850 785  
    TENANT IMPROVEMENTS 52,520 2,694 49,826  
    BUILDING & COMPONENTS 6,131 295 5,836  
    CARPET & DRAPES 5,231 2,720 2,511  
    FURNITURE & FIXTURES 9,980 3,870 6,110  
    TENANT IMPROVEMENTS 106,698 5,016 101,682  
    TENANT IMPROVEMENTS 52,010 2,334 49,676  
    BASEMENT FURNITURE & PAINTING 7,681 2,978 4,703  
    LIGHT FIXTURES - SUITE 450 4,632 1,796 2,836  
    FURNITURE & FIXTURES 1,363 529 834  
    TENANT IMPROVEMENTS 35,647 1,523 34,124  
    CARPET & DRAPES 3,611 1,878 1,733  
    TENANT IMPROVEMENTS 34,767 1,411 33,356  
    FURNITURE & FIXTURES 9,264 3,592 5,672  
    TENANT IMPROVEMENTS 10,687 411 10,276  
    TENANT IMPROVEMENTS 8,738 317 8,421  
    FURNITURE & FIXTURES 2,402 931 1,471  
    TENANT IMPROVEMENTS 32,973 1,127 31,846  
    FURNITURE & FIXTURES 1,252 486 766  
    TENANT IMPROVEMENTS 11,818 404 11,414  
    CARPETS & DRAPES 1,927 1,002 925  
    TENANT IMPROVEMENTS 6,513 181 6,332  
    HVAC SVS (CLIMATEC, LLC) 40,214 1,375 38,839  
    TENANT IMPROVEMENTS 20,462 350 20,112  
    BUILDING & COMPONENTS 4,360 70 4,290  
    CARPETS & DRAPES 1,191 298 893  
    TENANT IMPROVEMENTS 7,906 118 7,788  
    TENANT IMPROVEMENTS 26,052 390 25,662  
    TENANT IMPROVEMENTS 7,800 108 7,692  
    CARPETS & DRAPES 2,110 317 1,793  
    CARPETS & DRAPES 1,929 289 1,640  
    TENANT IMPROVEMENTS 9,667 124 9,543  
    TENANT IMPROVEMENTS 1,875 20 1,855  
    TENANT IMPROVEMENTS 19,866 212 19,654  
    TENANT IMPROVEMENTS 3,265 28 3,237  
    TENANT IMPROVEMENTS 2,610 17 2,593  
    CARPETS & DRAPES 1,131 57 1,074  
    TENANT IMPROVEMENTS 10,381 44 10,337  
    TENANT IMPROVEMENTS 3,578 15 3,563  
    CARPETS & DRAPES 3,873 194 3,679  
    FURNITURE & FIXTURES 3,682 132 3,550  
    TENANT IMPROVEMENTS 6,375 14 6,361  
    TENANT IMPROVEMENTS 476 0 476  
    RPL SYSTEM 22,863 195 22,668  
    HVAC #108 12,987 83 12,904  
    BUILDING IMPROVEMENTS 38,500 165 38,335  

    TY 2015 InvestmentsOtherSchedule2
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT IN BADGETT TERMINAL, INC. AT COST 436,423 436,423
    ROLEX WATCH & SILVER COINS AT COST 66,500 66,500

    TY 2015 LegalFeesSchedule
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 549 549   0


    TY 2015 OtherDecreasesSchedule
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Description Amount
    ADDITIONAL BASIS FROM PLAZA WEST 217


    TY 2015 OtherExpensesSchedule
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 5,526 0   0
    REPAIR & MAINTENANCE- RENTAL PROPERTY 72,381 72,381   0
    CLEANING EXPENSE- RENTAL PROPERTY 96,705 96,705   0
    LANDSCAPING- RENTAL PROPERTY 8,514 8,514   0
    UTILITIES- RENTAL PROPERTY 134,917 134,917   0
    MANAGEMENT FEE- RENTAL PROPERTY 60,039 60,039   0
    ADMINISTRATIVE EXPENSES - RENTAL PROPERTY 5,317 5,317   0
    INSURANCE- RENTAL PROPERTY 310 310   0
    ADVERTISING - RENTAL PROPERTY 677 677   0
    REPAIRS & MAINTENANCE - PLAZA WEST RENTAL 113,422 113,422   0
    CLEANING EXPENSE - PLAZA WEST RENTAL 207,032 207,032   0
    LANDSCAPING - PLAZA WEST RENTAL 46,472 46,472   0
    UTILITIES - PLAZA WEST RENTAL 266,782 266,782   0
    INSURANCE EXPENSE - PLAZA WEST RENTAL 46,670 46,670   0
    MISCELLANEOUS EXPENSE - PLAZA WEST RENTAL 26,334 26,334   0
    COMMON AREA EXPENSE - PLAZA WEST RENTAL 42,968 42,968   0
    INSPECTIONS - PLAZA WEST RENTAL 3,543 3,543   0
    LEASING EXPENSE - PLAZA WEST RENTAL 6,703 6,703   0
    MUSIC - PLAZA WEST RENTAL 2,609 2,609   0
    OFFICE EXPENSE - PLAZA WEST RENTAL 19,090 19,090   0
    SECURITY - PLAZA WEST RENTAL 96,004 96,004   0
    SUPPLIES - PLAZA WEST RENTAL 9,464 9,464   0
    AUTO EXPENSE - PLAZA WEST RENTAL 1,844 1,844   0
    WATERPROOFING - PLAZA WEST RENTAL 11,863 11,863   0


    TY 2015 OtherIncomeSchedule2
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BADGETT TERMINAL ORDINARY INCOME 37,355 37,355 37,355
    BADGETT TERMINAL NET GAIN FROM REAL EST RENTAL 351 351 351
    BADGETT TERMINAL INTEREST 69 69 69
    BADGETT TERMINAL DIVIDEND INCOME 2,006 2,006 2,006
    MISC INVESTMENT INCOME 561 561 561
    BADGETT TERMINAL CAPITAL GAIN DISTRIBUTION 2,056 2,056 2,056


    TY 2015 OtherIncreasesSchedule
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Description Amount
    DISTRIBUTION OF LAND TO HOPKINS CTY ECON DEVELOPMENT 70,000


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEE 5,500 2,750   2,750
    PROFESSIONAL FEES - PLAZA WEST RENTAL 37,306 37,306   0


    TY 2015 TaxesSchedule
    Name:
    J ROGERS BADGETT SR FOUNDATION INC
    EIN:
    31-1755149
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 106,140 0   0
    PROPERTY TAX- RENTAL PROPERTY 152,392 152,392   0
    PROPERTY TAX - PLAZA WEST RENTAL 119,689 119,689   0
    EXCISE TAX - PLAZA WEST RENTAL 2,049 2,049   0