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 07-01-2015 , and ending 06-30-2016
Name of foundation
Fentress County Education and Community Enhancement Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)155 Stepp Road
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Clarkrange, TN38553
A Employer identification number

58-1537858
B Telephone number (see instructions)

(931) 863-3188
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$886,943J 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 7 7  
4 Dividends and interest from securities... 14,267 14,267  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -76,002
b Gross sales price for all assets on line 6a 4,985,544
7 Capital gain net income (from Part IV, line 2)... 0
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 4,302 4,302  
12 Total. Add lines 1 through 11........ -57,426 18,576  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,600     6,600
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 550     550
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,408     1,408
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 13,004 10,663   1,355
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,562 10,663   9,913
25 Contributions, gifts, grants paid....... 29,234 29,234
26 Total expenses and disbursements. Add lines 24 and 25 50,796 10,663   39,147
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -108,222
b Net investment income (if negative, enter -0-) 7,913
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............. 50 50 50
2 Savings and temporary cash investments......... 120,119 75,350 75,350
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   494    
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)....... 861,466 Click to see attachment811,543 811,543
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)..........      
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) 982,129 886,943 886,943
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
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 982,129 886,943
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 982,129 886,943
31 Total liabilities and net assets/fund balances (see instructions). 982,129 886,943
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
982,129
2
Enter amount from Part I, line 27a .....................
2
-108,222
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
13,446
4
Add lines 1, 2, and 3 ..........................
4
887,353
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
410
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
886,943
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 ALEXION PHARM INC P 2015-06-23 2015-07-27
b AMAZON.COM P 2015-10-19 2015-11-13
c AMAZON.COM P 2015-11-23 2015-12-14
d AMAZON.COM P 2015-11-24 2015-12-24
e AMERICAN AIRLINES GROUP INC P 2015-10-12 2015-11-13
AMERICAN EAGEL OUTFITTERS NEW COM P 2015-10-08 2015-10-23
ARCH COAL INC P 2015-08-27 2015-09-01
ARCH COAL INC P 2015-09-10 2015-09-28
ARCH COAL INC P 2015-09-20 2015-10-23
ARCH COAL INC P 2015-10-08 2015-10-23
BEST BUY INC 1,000 SHARES P 2015-08-27 2015-09-04
BEST BUY INC 300 SHARES P 2015-09-16 2015-09-28
BRISTOL MYERS SQUIBB 300 SHARES P 2015-09-16 2015-09-21
BRISTOL MYERS SQUIBB 200 SHARES P 2015-10-02 2015-11-13
CHESAPEAKE ENERGY CORPORATION OKLAHOMA 2,000 SHARES P 2015-09-16 2015-09-23
CHESAPEAKE ENERGY CORPORATION OKLAHOMA 2,000 SHARES P 2015-10-09 2015-10-23
COACH 700 SHARES P 2015-08-27 2015-09-28
COSTCO WHOLESALE CORP 100 SHARES P 2015-10-09 2015-11-13
COSTCO WHOLESALE CORP 100 SHARES P 2015-10-13 2015-12-18
COSTCO WHOLESALE CORP 200 SHARES P 2015-11-17 2015-12-18
DEERE & COMPANY 300 SHARES P 2015-11-21 2015-12-18
DEERE & COMPANY 500 SHARES P 2015-11-13 2015-12-18
DISNEY WALT CO 600 SHARES P 2015-08-17 2015-08-20
DISNEY WALT CO 200 SHARES P 2015-10-19 2015-12-21
DISNEY WALT CO 300 SHARES P 2015-11-13 2015-12-21
ELECTRONIC ARTS 200 SHARES P 2015-10-16 2015-11-13
EXPEDIA INC DEL 300 SHARES P 2015-10-16 2015-11-13
FACEBOOK INC 500 SHARES P 2015-07-28 2015-08-20
FIDELITY MSCI INDL 3,000 SHARES P 2015-12-22 2015-12-28
FIDELITY MSCI UTILS INDEX 1,000 SHARES P 2015-09-17 2015-11-02
FITBIT INC 500 SHARES P 2015-09-17 2015-09-23
FORDMTR CO DEL 2,000 SHARES P 2015-10-26 2015-10-28
FREEPORT MCMORAN INC 1,000 SHARES P 2015-09-17 2015-09-23
FRESHMKT INC COM 1,000 SHARES P 2015-08-31 2015-09-04
FRESHMKT INC COM 300 SHARES P 2015-09-16 2015-09-28
GENERAL ELECTRIC 1,500 SHARES P 2015-08-25 2015-09-18
GENERAL ELECTRIC 1,000 SHARES P 2015-11-12 2015-12-10
GENERAL ELECTRIC 1,000 SHARES P 2015-11-13 2015-12-24
GENERAL MILLS 300 SHARES P 2015-10-02 2015-11-02
GOPRO INC CL A 500 SHARES P 2015-09-17 2015-09-23
HOME DEPOT INC 300 SHARES P 2015-08-25 2015-09-18
HONEYWELL INTL INC 100 SHARES P 2015-10-02 2015-11-12
HONEYWELL INTL INC 100 SHARES P 2015-10-23 2015-11-12
ISHARES SELECT DIVIDEND ETF 500 SHARES P 2015-09-17 2015-09-28
ISHARES SELECT DIVIDEND ETF 500 SHARES P 2015-09-27 2015-10-28
ISHARES SELECT DIVIDEND ETF 500 SHARES P 2015-10-08 2015-11-02
ISHARES TR US AER & DEF 500 SHARES P 2015-11-16 2015-12-22
ISHARES US FINANICAL 500 SHARES P 2015-08-17 2015-08-21
ISHARES US FINANICAL 650 SHARES P 2015-11-05 2015-11-13
ISHARES US HEALTHCARE 1,000 SHARES P 2014-10-29 2015-07-24
ISHARES US HEALTHCARE 500 SHARES P 2015-07-28 2015-08-24
ISHARES US HEALTHCARE 400 SHARES P 2015-11-02 2015-11-05
ISHARES US HEALTHCARE 400 SHARES P 2015-11-14 2015-11-19
ISHARES US HEALTHCARE 100 SHARES P 2015-11-17 2015-11-19
ISHARES US TECHNOLOGY ETF 1,000 SHARES P 2015-02-23 2015-07-14
ISHARES US TECHNOLOGY ETF 800 SHARES P 2015-02-23 2015-07-24
ISHARES US TECHNOLOGY ETF 400 SHARES P 2015-10-28 2015-11-13
JP MORGAN CHASE & CO 200 SHARES P 2015-08-27 2015-09-28
KEURIG GREEN MTN INC 300 SHARES P 2015-10-20 2015-10-28
LOCKHEED MARTIN CORP 100 SHARES P 2015-10-28 2015-11-13
LORD ABBETT BOND DEBENTURE FUND 12,531.171 SHARES P 2015-03-10 2015-08-04
LORD ABBETT INTERNATOPPORTUNITIES 8,408.072 SHARES P 2015-05-20 2015-07-14
LOWES COS INC 500 SHARES P 2015-08-17 2015-08-24
LOWES COS INC 750 SHARES P 2015-11-17 2015-11-19
LUMBER LIQUIDATORS HLDGS INC 1,000 SHARES P 2005-08-18 2015-08-24
LUMBER LIQUIDATORS HLDGS INC 500 SHARES P 2015-10-08 2015-10-26
MACYS INC 300 SHARES P 2015-08-27 2015-09-28
MARKET VECTORS ETF 1,000 SHARES P 2015-10-16 2015-11-02
MATTEL INC 1,000 SHARES P 2015-08-31 2015-09-28
MATTEL INC 500 SHARES P 2015-09-04 2015-11-13
MATTEL INC 500 SHARES P 2015-09-25 2015-11-13
MCDONALDS CORP 300 SHARES P 2015-10-16 2015-11-13
MCDONALDS CORP 200 SHARES P 2015-10-23 2015-11-13
NETFLIX COM 200 SHARES P 2015-09-01 2015-11-13
NETFLIX COM 100 SHARES P 2015-09-10 2015-11-13
NETFLIX COM 300 SHARES P 2015-11-19 2015-12-14
NIKE INC 200 SHARES P 2015-08-27 2015-09-18
NIKE INC 300 SHARES P 2015-10-16 2015-11-17
NORDICAMERICAN TANKERS LIMITED 1,000 SHARES P 2005-10-19 2015-11-17
NORDSTROM INC 100 SHARES P 2015-10-08 2015-10-23
NORTHROP GRUMMAN CORP HOLDING CO 200 SHARES P 2015-10-28 2015-11-13
O'REILLY AUTOMOTOVE INC 200 SHARES P 2015-08-11 2015-08-24
OCCIDENTAL PETROLEOUM CORP 200 SHARES P 2015-08-27 2015-09-01
OPPENHEIMER ROCHEST HIGH YIELD MUNI 14,326.648 SHARES P 2015-10-16 2015-11-20
OSHKOSH CORP COM 500 SHARES P 2015-08-27 2015-09-23
PENNEY J C CO INC 4,000 SHARES P 2015-11-12 2015-11-13
PFIZER INC 1,000 SHARES P 2015-08-27 2015-09-18
RITE AID CORP COM 1,000 SHARES P 2015-10-09 2015-10-23
SCHLUMBERGER LIMITED COM 250 SHARES P 2015-10-28 2015-11-13
SCHLUMBERGER LIMITED COM 250 SHARES P 2015-10-31 2015-11-17
SCHLUMBERGER LIMITED COM 250 SHARES P 2015-11-16 2015-11-17
SMITH & WESSON HLDG CORP 2,000 SHARES P 2015-12-14 2015-12-24
SUNEDISON INC COM 2,000 SHARES P 2015-09-17 2015-09-23
SUNEDISON INC COM 1,000 SHARES P 2015-10-02 2015-10-23
SUNEDISON INC COM 1,000 SHARES P 2015-11-25 2015-11-25
SUNEDISON INC COM 1,000 SHARES P 2015-12-15 2015-12-22
SUNEDISON INC COM 1,000 SHARES P 2015-12-15 2015-12-22
TARGET CORP 500 SHARES P 2015-08-19 2015-08-21
TESORO CORP COM 300 SHARES P 2015-11-02 2015-11-12
TJX COS INC 200 SHARES P 2015-10-16 2015-10-28
TRANSOCEAN LIMITED COM 2,000 SHARES P 2015-08-27 2015-09-01
TWITTER INC COM 1,000 SHARES P 2015-08-28 2015-09-04
TWITTER INC COM 500 SHARES P 2015-10-02 2015-10-28
UNDER ARMOUR INC 400 SHARES P 2015-08-17 2015-08-21
UNITED TECHNOLOGIES CORP 200 SHARES P 2015-09-16 2015-09-24
VALEANT PHARMACEUTICALS INC 100 SHARES P 2015-10-21 2015-10-23
VISA INC 200 SHARES P 2015-08-27 2015-11-02
VISA INC 200 SHARES P 2015-10-26 2015-11-02
VISA INC 200 SHARES P 2015-11-09 2015-12-10
VISA INC 300 SHARES P 2015-11-16 2015-12-10
VOLKSWAGEN AG ADR 300 SHARES P 2015-10-09 2015-10-23
wEUGHT wATCHERS 1,000 SHARES P 2015-10-20 2015-10-23
WESTERN DIGITAL CORP 500 SHARES P 2015-11-02 2015-11-13
WHIRLPOOL CORP 200 SHARES P 2015-08-17 2015-08-24
ADOBE SYS INC 500 SHARES P 2015-12-22 2016-01-07
AMAZON.COM 50 SHARES P 2015-12-23 2016-02-05
AMERICAN HIHG-INCOME MUNI 6,361.323 SHARES P 2016-01-15 2016-03-14
APPLE INC 200 SHARES P 2016-02-16 2016-04-25
APPLE INC 200 SHARES P 2016-05-16 2016-06-17
BIOGEN INC 100 SHARES P 2015-12-29 2016-01-11
CAMPBELL SOUP CO 200 SHARES P 2016-02-17 2016-04-25
CATERPILLAR INC 200 SHARES P 2016-03-04 2016-05-04
CHENIERE ENERGY INC 500 SHARES P 2016-03-04 2016-05-04
CHESAPEAK ENERGY CORPORATION 3,000 SHARES P 2016-03-17 2016-05-04
COCA COLA 500 SHARES P 2016-03-10 2016-06-17
CONSTELLATION BRANDS INC 400 SHARES P 2015-12-21 2016-01-07
DELTA AIR LINE INC 1,000 SHARES P 2015-12-24 2016-01-15
FITBIT INC 1,000 SHARES P 2016-03-07 2016-03-24
GENERAL MTRS CO 2,000 SHARES P 2016-01-13 2016-01-15
HASBRO INC 150 SHARES P 2015-11-25 2016-01-11
HOME DEPOT INC 100 SHARES P 2015-10-08 2016-01-07
HOME DEPOT INC 100 SHARES P 2015-11-13 2016-01-07
HOME DEPOT INC 200 SHARES P 2015-12-14 2016-01-07
HORMEL FOOD CORP 400 SHARES P 2015-11-25 2016-01-07
USHARES US HEALTHCARE 250 SHARES P 2015-12-29 2016-01-07
USHARES US HEALTHCARE 250 SHARES P 2015-12-29 2016-01-11
LINKEDIN CORP COM 200 SHARES P 2015-12-21 2016-01-11
MARATHON OIL CORP 1,000 SHARES P 2016-03-17 2016-04-04
MARATHON OIL CORP 1,000 SHARES P 2016-03-25 2016-05-04
MCDONALDS COR 200 SHARES P 2015-10-27 2016-01-07
MCDONALDS COR 300 SHARES P 2015-11-17 2016-01-07
MCDONALDS COR 200 SHARES P 2016-02-17 2016-06-22
MCDONALDS COR 100 SHARES P 2016-03-17 2016-06-22
MCDONALDS COR 100 SHARES P 2016-04-27 2016-06-22
MICROSOFT CORP 1,000 SHARES P 2015-11-16 2016-01-07
NORDSTROM INC 300 SHARES P 2016-03-07 2016-05-11
OCCIDENTAL PETROLEUM CORP 200 SHARES P 2016-04-20 2016-06-03
OPPENHEIMER ROCHEST HIGH YEILD MUNI 14,224.751 SHARES P 2015-11-16 2016-02-17
OPPENHEIMER ROCHEST HIGH YEILD MUNI 14,328.044 SHARES1 SHARES P 2016-03-04 2016-03-04
PENNEY J C CO INC 1,000 SHARES P 2016-03-04 2016-04-12
PHILIP MORRIS INTL INC 200 SHARES P 2016-03-09 2016-05-19
PHILIP MORRIS INTL INC 200 SHARES P 2016-04-27 2016-05-19
ROYAL CARIBBEAN CRUISES COM 500 SHARES P 2015-12-28 2016-01-11
SALESFORCE COM 100 SHARES P 2016-03-04 2016-04-25
SUNEDISION INC 7,500 SHARES P 2016-02-17 2016-04-04
VISA INC COM 500 SHARES P 2015-11-16 2016-01-19
VOLKSWAGE AG AD 200 SHARES P 2016-04-20 2016-04-25
WEIGHT WATCHERS INTL INC 1,000 SHARES P 2016-02-16 2016-05-03
WYNN RESORTS LTD 200 SHARES P 2016-03-04 2016-05-03
(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 80,646 0 75,435 5,211
b 64,784 0 57,531 7,253
c 63,905 0 63,905 0
d 66,151 0 68,311 -2,160
e 21,822 0 21,693 129
7,385 0 8,010 -625
41,288 0 31,018 10,270
2,805 0 2,805 0
2,763 0 5,413 -2,650
8,289 0 12,436 -4,147
36,279 0 36,021 258
10,668 0 11,706 -1,038
18,855 0 18,508 347
15,915 0 15,915 0
15,165 0 18,554 -3,389
19,444 0 21,057 -1,613
15,329 0 15,329 0
15,855 0 16,007 -152
31,711 0 31,949 -238
22,696 0 21,990 706
37,826 0 36,871 955
62,584 0 65,218 -2,634
21,242 0 21,774 -532
31,862 0 34,602 -2,740
13,971 0 14,357 -386
37,789 0 38,179 -390
46,194 0 47,725 -1,531
81,334 0 80,489 845
27,956 0 27,233 723
19,830 0 19,632 198
29,466 0 31,457 -1,991
20,723 0 24,697 -3,974
21,364 0 20,894 470
6,894 0 7,333 -439
37,264 0 36,610 654
30,721 0 30,265 456
30,774 0 30,341 433
17,324 0 16,974 350
16,475 0 18,551 -2,076
34,617 0 34,414 203
10,201 0 9,641 560
10,201 0 10,335 -134
35,890 0 35,890 0
38,419 0 39,417 -998
38,464 0 38,022 442
58,429 0 58,379 50
44,813 0 46,522 -1,709
57,627 0 59,149 -1,522
159,812 0 139,025 20,787
74,026 0 80,270 -6,244
60,639 0 60,639 0
60,379 0 60,499 -120
15,095 0 15,000 95
106,493 0 109,094 -2,601
85,861 0 87,275 -1,414
42,543 0 43,708 -1,165
12,017 0 12,720 -703
15,640 0 16,129 -489
21,268 0 22,442 -1,174
98,963 0 100,753 -1,790
145,855 0 150,025 -4,170
34,039 0 36,288 -2,249
55,069 0 55,697 -628
14,757 0 14,965 -208
7,382 0 8,125 -743
15,195 0 17,774 -2,579
14,779 0 16,490 -1,711
21,715 0 21,715 0
11,654 0 10,718 936
11,654 0 13,186 -1,532
33,206 0 31,287 1,919
22,138 0 22,138 0
21,167 0 21,091 76
10,584 0 9,922 662
34,550 0 36,379 -1,829
22,859 0 22,076 783
36,870 0 38,960 -2,090
15,047 0 15,675 -628
6,474 0 6,878 -404
35,963 0 38,426 -2,463
47,270 0 49,369 -2,099
13,929 0 13,961 -32
99,975 0 99,810 165
18,320 0 20,700 -2,380
31,030 0 35,686 -4,656
33,098 0 33,051 47
6,120 0 6,281 -161
18,968 0 18,968 0
19,345 0 20,258 -913
19,345 0 19,543 -198
43,686 0 46,881 -3,195
20,282 0 22,059 -1,777
7,782 0 10,738 -2,956
3,380 0 3,380 0
5,451 0 4,796 655
5,451 0 5,080 371
39,905 0 41,885 -1,980
33,366 0 33,440 -74
14,472 0 14,446 26
27,742 0 24,505 3,237
27,894 0 26,890 1,004
14,259 0 12,798 1,461
37,156 0 40,213 -3,057
17,200 0 18,831 -1,631
11,754 0 12,060 -306
15,083 0 14,425 658
15,083 0 15,083 0
15,656 0 16,002 -346
23,484 0 23,433 51
8,169 0 8,565 -396
15,329 0 16,242 -913
30,579 0 34,000 -3,421
33,934 0 35,840 -1,906
44,559 0 46,359 -1,800
25,175 0 31,921 -6,746
99,911 0 100,025 -114
20,965 0 19,110 1,855
19,143 0 18,567 576
27,505 0 30,862 -3,357
12,217 0 12,305 -88
14,877 0 14,713 164
18,020 0 19,212 -1,192
17,175 0 14,414 2,761
22,307 0 22,543 -236
59,674 0 56,738 2,936
44,315 0 52,400 -8,085
14,160 0 13,215 945
58,516 0 62,177 -3,661
10,383 0 11,474 -1,091
12,664 0 12,038 626
12,664 0 12,220 444
25,327 0 26,367 -1,040
31,175 0 29,207 1,968
35,810 0 37,844 -2,034
34,567 0 37,844 -3,277
41,408 0 45,381 -3,973
10,779 0 10,779 0
12,305 0 13,528 -1,223
23,276 0 22,721 555
34,913 0 33,450 1,463
24,108 0 23,742 366
12,054 0 12,373 -319
12,054 0 12,861 -807
52,365 0 53,781 -1,416
14,075 0 16,463 -2,388
14,930 0 15,200 -270
99,975 0 99,770 205
100,558 0 100,495 63
9,788 0 11,321 -1,533
19,513 0 19,064 449
19,513 0 19,506 7
46,282 0 50,093 -3,811
7,613 0 7,201 412
1,700 0 13,188 -11,488
35,491 0 39,056 -3,565
6,031 0 6,159 -128
12,355 0 11,610 745
18,728 0 17,004 1,724
0 0 0 0
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a 0 0 0 5,211
b 0 0 0 7,253
c 0 0 0 0
d 0 0 0 -2,160
e 0 0 0 129
0 0 0 -625
0 0 0 10,270
0 0 0 0
0 0 0 -2,650
0 0 0 -4,147
0 0 0 258
0 0 0 -1,038
0 0 0 347
0 0 0 0
0 0 0 -3,389
0 0 0 -1,613
0 0 0 0
0 0 0 -152
0 0 0 -238
0 0 0 706
0 0 0 955
0 0 0 -2,634
0 0 0 -532
0 0 0 -2,740
0 0 0 -386
0 0 0 -390
0 0 0 -1,531
0 0 0 845
0 0 0 723
0 0 0 198
0 0 0 -1,991
0 0 0 -3,974
0 0 0 470
0 0 0 -439
0 0 0 654
0 0 0 456
0 0 0 433
0 0 0 350
0 0 0 -2,076
0 0 0 203
0 0 0 560
0 0 0 -134
0 0 0 0
0 0 0 -998
0 0 0 442
0 0 0 50
0 0 0 -1,709
0 0 0 -1,522
0 0 0 20,787
0 0 0 -6,244
0 0 0 0
0 0 0 -120
0 0 0 95
0 0 0 -2,601
0 0 0 -1,414
0 0 0 -1,165
0 0 0 -703
0 0 0 -489
0 0 0 -1,174
0 0 0 -1,790
0 0 0 -4,170
0 0 0 -2,249
0 0 0 -628
0 0 0 -208
0 0 0 -743
0 0 0 -2,579
0 0 0 -1,711
0 0 0 0
0 0 0 936
0 0 0 -1,532
0 0 0 1,919
0 0 0 0
0 0 0 76
0 0 0 662
0 0 0 -1,829
0 0 0 783
0 0 0 -2,090
0 0 0 -628
0 0 0 -404
0 0 0 -2,463
0 0 0 -2,099
0 0 0 -32
0 0 0 165
0 0 0 -2,380
0 0 0 -4,656
0 0 0 47
0 0 0 -161
0 0 0 0
0 0 0 -913
0 0 0 -198
0 0 0 -3,195
0 0 0 -1,777
0 0 0 -2,956
0 0 0 0
0 0 0 655
0 0 0 371
0 0 0 -1,980
0 0 0 -74
0 0 0 26
0 0 0 3,237
0 0 0 1,004
0 0 0 1,461
0 0 0 -3,057
0 0 0 -1,631
0 0 0 -306
0 0 0 658
0 0 0 0
0 0 0 -346
0 0 0 51
0 0 0 -396
0 0 0 -913
0 0 0 -3,421
0 0 0 -1,906
0 0 0 -1,800
0 0 0 -6,746
0 0 0 -114
0 0 0 1,855
0 0 0 576
0 0 0 -3,357
0 0 0 -88
0 0 0 164
0 0 0 -1,192
0 0 0 2,761
0 0 0 -236
0 0 0 2,936
0 0 0 -8,085
0 0 0 945
0 0 0 -3,661
0 0 0 -1,091
0 0 0 626
0 0 0 444
0 0 0 -1,040
0 0 0 1,968
0 0 0 -2,034
0 0 0 -3,277
0 0 0 -3,973
0 0 0 0
0 0 0 -1,223
0 0 0 555
0 0 0 1,463
0 0 0 366
0 0 0 -319
0 0 0 -807
0 0 0 -1,416
0 0 0 -2,388
0 0 0 -270
0 0 0 205
0 0 0 63
0 0 0 -1,533
0 0 0 449
0 0 0 7
0 0 0 -3,811
0 0 0 412
0 0 0 -11,488
0 0 0 -3,565
0 0 0 -128
0 0 0 745
0 0 0 1,724
0 0 0 0
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 -88,331
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 -87,184
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 45,043 989,513 0.045520
2013 42,292 1,009,373 0.041899
2012 42,890 716,650 0.059848
2011 49,556 1,021,547 0.048511
2010 33,112 1,002,796 0.033020
2
Total of line 1, column (d) .....................
20.228798
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
0.045760
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
905,309
5
Multiply line 4 by line 3......................
5
41,427
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
79
7
Add lines 5 and 6........................
7
41,506
8
Enter qualifying distributions from Part XII, line 4.............
8
39,147
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 1 158
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........................... 3 158
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 158
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 410
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.............. Part VI Line 7 - Original Return Overpayment: -410 7 410
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 10 252
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet0 RefundedBullet 11 252
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletTN
    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 ofbulletJULIE LINDER Telephone no.bullet (931) 863-3188

    Located atbullet186 Delk StreetJamestownTN ZIP+4bullet38556
    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
     
     
    ........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
    J MICHAEL CROSS Executive Director
    8.00     		6,600 0 0
    2961 Martha Washington Road
    Clarkrange,TN38553
    LEON STEPP Charmain
    2.00     		0 0 0
    155 Stepp Road
    Clarkrange,TN38553
    JAMES KIRBY Vice Chairman
    2.00     		0 0 0
    1012 Lincoln Road
    Clarkrange,TN38553
    JULIE LINDER President
    2.00     		0 0 0
    186 Delk Street
    Jamestown,TN38556
    JODY HANCOCK Secretary
    2.00     		0 0 0
    302 Gaudin Avenue
    Jamestown,TN38556
    BECKY COPELAND Scholarships
    2.00     		0 0 0
    90 Tower Way
    Allardt,TN38504
    TODD BURNETT Scholarships
    2.00     		0 0 0
    4521 Standing Rock Road
    Deerlodge,TN37726
    BILL PHIPPS Scholarships
    2.00     		0 0 0
    1681 Clarkrange-Monterey Hwy
    Monterey,TN38574
    CAROLYN WOODWARD Member
    2.00     		0 0 0
    201 James George Road
    Jamestown,TN38556
    SANDY BLEVINS Member
    2.00     		0 0 0
    1129 Pickett Park Hwy
    Jamestown,TN38556
    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 Grants to organizations and governmental entities forcommunity enhancement in Fentress County Tennessee 12,234
    2 To provide Technical and University scholarships to FentressCounty high school students:21 students received assistanceduring the fiscal year 07/01/14 to 06/30/15 17,000
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    918,151
    b
    Average of monthly cash balances.......................
    1b
    944
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    919,095
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    919,095
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    13,786
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    905,309
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    45,265
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    45,265
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    158
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    158
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    45,107
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    45,107
    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
    45,107
    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
    39,147
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    39,147
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    39,147
    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 45,107
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 32,380
    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$ 39,147
    a Applied to 2014, but not more than line 2a 32,380
    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..... 6,767
    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 ..........     		38,340
    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
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    J MICHAEL CROSS
    155 Stepp Road
    Clarkrange,TN38553
    (931) 863-3188
    bThe form in which applications should be submitted and information and materials they should include:
    STUDENTS MUST FILL OUT A SCHOLARSHIP APPLICATION WHICH INCLUDES AN ESSAY AND TWO RECOMMENDATIONS. APPLICANTS ARE THEN INTERVIEWED AND AWARDED BASED ON THE INFORMATION PROVIDED IN THE APPLICATIONS.
    cAny submission deadlines:
    SUBMISSION DEADLINE IS APRIL 1ST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICATIONS ARE ACCEPTED FROM ANY RESIDENT OF FENTRESS COUNTY TENNESSEE.
    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
    AMANDA SMITH
    1117 Tom Price Road
    Jamestown,TN38556     		  N/A Educational Scholarship 500
    ASHLEE JONES
    6812 S York Hwy
    Clarkrange,TN38553     		  N/A Educational Scholarship 500
    ELIJAH SANDOVAL
    562 Clarkrange Estates Road
    Clarkrange,TN38553     		  N/A Educational Scholarship 1,000
    ELIZABETH HAMMOND
    1701 Hall Road
    Clarkrange,TN38553     		  N/A Educational Scholarship 1,000
    ETHAN KINGTON
    154 Kilby Road
    Clarkrange,TN38553     		  N/A Educational Scholarship 1,000
    GRACE GARRETT
    1294 Gouldstown Rd
    Jamestown,TN38556     		  N/A Educational Scholarship 1,000
    HANNAH NORRIS
    607 Bowater Road
    Deerlodge,TN37726     		  N/A Educational Scholarship 1,000
    JACOB COPELAND
    90 Toweer Way
    Allardt,TN38504     		  N/A Educational Scholarship 1,000
    KASEY COWENS
    204 Church Street
    Jamestown,TN38556     		  N/A Educational Scholarship 1,000
    MALLORY MATTHEWS
    747 Old Hiram Crabtree Road
    Jamestown,TN38556     		  N/A Educational Scholarship 1,000
    MARLEIGH COOPER
    1161 Allardt-Tinch Road
    Allardt,TN38504     		  N/A Educational Scholarship 1,000
    MEGAN ROYSDEN
    465 Colditz Road
    Jamestownt,TN38556     		  N/A Educational Scholarship 1,000
    MIRANDA HARDING
    310 Lakewood Drive
    Jamestown,TN38556     		  N/A Educational Scholarship 1,000
    REGINA STOWERS
    1029 Cherokee Way
    Jamestown,TN38556     		  N/A Educational Scholarship 1,000
    TANISHA WALKER
    100 Walker Estates
    Clarkrange,TN38553     		  N/A Educational Scholarship 1,000
    TANNER STOCKTON
    2758 Banner Springs Road
    Jamestown,TN38556     		  N/A Educational Scholarship 1,000
    TIFFANY UPCHURCH
    312 Crabtree St
    Jamestown,TN38556     		  N/A Educational Scholarship 1,000
    VERONICA COOPER
    1458 Frank Campbell Road
    Jamestown,TN38556     		  N/A Educational Scholarship 1,000
    Clarkrange High School
    5801 South York Highway
    Clarkrange,TN38553     		  Govt Entity Renaissance Program 3,500
    Clarkrange High School
    5801 South York Highway
    Clarkrange,TN38553     		  Govt Entity Baseball/Softball Programs 100
    Clarkrange High School
    5801 South York Highway
    Clarkrange,TN38553     		  Govt Entity Dual Credit Textbooks 2,500
    York Agricultural Instutute
    701 N Main St
    Jamestown,TN38556     		  Govt Entity Renaissance Program 2,500
    York Agricultural Instutute
    701 N Main St
    Jamestown,TN38556     		  Govt Entity Special Education Department 300
    York Agricultural Instutute
    701 N Main St
    Jamestown,TN38556     		  Govt Entity Baseball/Softball Programs 100
    Fentress County Rotary Club
    PO Box 797
    Jamestown,TN38556     		  501(c) Children's Shopping Spree 500
    Fentress County Chamber of Commerce
    114 W Central Ave
    Jamestown,TN38556     		  501(c) CED Conference Room Grant 2,500
    Compassion Ministries
    12813 Kingston Pike
    Knoxville,TN37726     		  501(c) Volunteer Luncheon 234
    Total .................................bullet 3a 29,234
    bApproved for future payment
    Total .................................bullet 3b  
    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 7  
    4 Dividends and interest from securities....     14 14,267  
    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.....     18 4,302  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18   -76,002
    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)..   18,576 -76,002
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-57,426
    (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:  
    Part VI Line 7 -Original Return Overpayment: -410


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    Fentress County Education and Community Enhancement Foundation
    EIN:
    58-1537858
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ALEXION PHARM INC 2015-06   2015-07   80,646 75,435     5,211  
    AMAZON.COM 2015-10   2015-11   64,784 57,531     7,253  
    AMAZON.COM 2015-11   2015-12   63,905 63,905        
    AMAZON.COM 2015-11   2015-12   66,151 68,311     -2,160  
    AMERICAN AIRLINES GROUP 2015-11   2015-11   21,822 21,693     129  
    AMERICAN EAGLE OUTFITTERS NEW COM 2015-10   2015-10   7,385 8,010     -625  
    ARCH COAL IN COM NEW 2015-08   2015-09   41,288 31,018     10,270  
    ARCH COAL IN COM NEW 2015-09   2015-09   2,805 2,805        
    ARCH COAL IN COM NEW 2015-09   2015-10   2,763 5,413     -2,650  
    ARCH COAL IN COM NEW 2015-10   2015-10   8,289 12,436     -4,147  
    BEST BUY INC 2015-08   2015-09   36,279 36,021     258  
    BEST BUY INC 2015-09   2015-09   10,668 11,706     -1,038  
    BRISTOL MYERS SQUIBB 2015-09   2015-09   18,855 18,508     347  
    BRISTOL MYERS SQUIBB 2015-10   2015-11   12,876 12,487     389  
    CHESAPEAKE ENERGYY CORPORATION OKLAHOMA 2015-09   2015-09   15,915 15,915        
    CHESAPEAKE ENERGYY CORPORATION OKLAHOMA 2015-10   2015-10   15,165 18,554     -3,389  
    COACH INC 2015-08   2015-09   19,444 21,057     -1,613  
    COSTCO WHOLESALE CORP 2015-10   2015-11   15,329 15,329        
    COSTCO WHOLESALE CORP 2015-10   2015-12   15,855 16,007     -152  
    COSTCO WHOLESALE CORP 2015-11   2015-12   31,711 31,949     -238  
    DEERE & COMPANY 2015-11   2015-12   22,696 21,990     706  
    DEERE & COMPANY 2015-11   2015-12   37,826 36,871     955  
    DISNEY WALT CO 2015-08   2015-08   62,584 65,218     -2,634  
    DISNEY WALT CO 2015-10   2015-12   21,242 21,774     -532  
    DISNEY WALT CO 2015-11   2015-12   31,862 34,602     -2,740  
    ELECTRONICS ARTS 2015-10   2015-11   13,971 14,357     -386  
    EXPEDIA INC DEL COM NEW 2015-10   2015-11   37,789     38,179 -390  
    FACEBOOK IN COM 2015-07   2015-08   46,194 47,725     -1,531  
    FIDELITY MSCI INDL INDEX ETF 2015-12   2015-12   81,334 80,489     845  
    FIDELITY MSCI UTILS INDEX ETF 2015-09   2015-11   27,956 27,233     723  
    FITBIT INC CL A 2015-09   2015-09   19,830 19,632     198  
    FORD MTR CO DEL COM 2015-10   2015-10   29,466 31,457     -1,991  
    FREEPORT MCMORAN INC 2015-09   2015-09   20,723 24,697     -3,974  
    FRESH MKT INC COM 2015-08   2015-09   21,364 20,894     470  
    FRESH MKT INC COM 2015-09   2015-09   6,894 7,333     -439  
    GENERAL ELECTRIC CO 2015-08   2015-09   37,264 36,610     654  
    GENERAL ELECTRIC CO 2015-11   2015-12   30,721 30,265     456  
    GENERAL ELECTRIC CO 2015-11   2015-12   30,774 30,341     433  
    GENERAL MILLS INC 2015-10   2015-11   17,324 16,974     350  
    GOPRO INC CL A 2015-09   2015-09   16,475 18,551     -2,076  
    HOME DEPOT INC OM 2015-08   2015-09   34,617 34,414     203  
    HONEYWELL INTL INC 2015-10   2015-11   10,201 9,641     560  
    HONEYWELL INTL INC 2015-10   2015-11   10,201 10,335     -134  
    ISHARES SELECT DIVIDEND 2015-09   2015-09   35,890 35,890        
    ISHARES SELECT DIVIDEND 2015-09   2015-10   38,419 39,417     -998  
    ISHARES SELECT DIVIDEND 2015-10   2015-11   38,464 38,022     442  
    ISHARES TR US AER&DEF 2015-11   2015-12   58,429 58,380     49  
    ISHARES US FINANCIALS 2015-08   2015-08   44,813 46,522     -1,709  
    ISHARES US FINANCIALS 2015-11   2015-11   57,627 59,149     -1,522  
    ISHARES US HEALTHCARE 2014-10   2015-07   159,812 139,025     20,787  
    ISHARES US HEALTHCARE 2015-07   2015-08   74,026 80,270     -6,244  
    ISHARES US HEALTHCARE 2015-11   2015-11   60,639 60,639        
    ISHARES US HEALTHCARE 2015-11   2015-11   60,379 60,499     -120  
    ISHARES US HEALTHCARE 2015-11   2015-11   15,095 15,000     95  
    ISHARES US TECHNOLOGY 2015-02   2015-07   106,493 109,094     -2,601  
    ISHARES US TECHNOLOGY 2015-02   2015-07   85,861 87,275     -1,414  
    ISHARES US TECHNOLOGY 2015-10   2015-11   42,543 43,708     -1,165  
    JP MORGAN CHASE & CO 2015-08   2015-09   12,017 12,720     -703  
    KEURIG GREEN MTN INC 2015-10   2015-10   15,640 16,129     -489  
    LOCKHEED MARTIN CORP 2015-10   2015-11   21,268 22,442     -1,174  
    LORD ABBETT BON DEBENTURE FUND CL F 2015-03   2015-08   98,963 100,753     -1,790  
    LORD ABBETT INTERNATOPPORTUNITIES FD F 2015-05   2015-07   145,855 150,025     -4,170  
    LOWES COS INC COM 2015-08   2015-08   34,039 36,288     -2,249  
    LOWES COS INC COM 2015-11   2015-11   55,069 55,697     -628  
    LUMBER LIQUIDATORS HLDGS INC 2015-08   2015-08   14,757 14,965     -208  
    LUMBER LIQUIDATORS HLDGS INC 2015-10   2015-10   7,382 8,125     -743  
    MACYS INC COM 2015-08   2015-09   15,195 17,774     -2,579  
    MACYS INC COM 2015-10   2015-11   14,779 16,490     -1,711  
    MATTEL INC 2015-08   2015-09   21,715 21,715        
    MATTEL INC 2015-09   2015-11   11,654 10,718     936  
    MATTEL INC 2015-09   2015-11   11,654     13,186 -1,532  
    MCDONALDS CORP 2015-10   2015-11   33,206     31,287 1,919  
    MCDONALDS CORP 2015-10   2015-11   22,138 22,138        
    NETFLIX COM INC 2015-09   2015-11   21,167 21,091     76  
    NETFLIX COM INC 2015-09   2015-11   10,584 9,922     662  
    NETFLIX COM INC 2015-11   2015-12   34,550 36,379     -1,829  
    NIKE INC CLASS B 2015-08   2015-09   22,859 22,076     783  
    NIKE INC CLASS B 2015-10   2015-11   36,870 38,960     -2,090  
    NORDIC AMERICAN TANKERS LIMITE COM 2015-10   2015-11   15,047 15,675     -628  
    NORDSTROM INC COM 2015-10   2015-10   6,474 6,878     -404  
    NORTHROP GRUMMAN CORP HOLDING CO 2015-10   2015-11   35,963     38,426 -2,463  
    O'REILLY AUTOMOTIVE INC NEW 2015-08   2015-08   47,270     49,369 -2,099  
    OCCIDEENTAL PETROLEUMCORP 2015-08   2015-09   13,929 13,961     -32  
    OPPENHEIMER ROCHEST HIGH YIELD MUNI A 2015-08   2015-09   99,975 99,810     165  
    OSHKOSH CORP COM 2015-08   2015-09   18,320 20,700     -2,380  
    PENNEY J C CO INC 2015-11   2015-11   31,030 35,686     -4,656  
    PFIZER INC 2015-08   2015-09   33,098 33,051     47  
    RITE AID CORP COM 2015-10   2015-10   6,120 6,281     -161  
    SCHLUMBERGER LIMITED 2015-10   2015-11   18,968 18,968        
    SCHLUMBERGER LIMITED 2015-10   2015-11   19,345 20,258     -913  
    SCHLUMBERGER LIMITED 2015-11   2015-11   19,345 19,543     -198  
    SMITH & WESSON HLDG CORP 2015-12   2015-12   43,686 46,881     -3,195  
    SUNEDISON INC 2015-09   2015-09   20,282 22,059     -1,777  
    SUNEDISON INC 2015-10   2015-10   7,782 10,738     -2,956  
    SUNEDISON INC 2015-11   2015-11   3,380 3,380        
    SUNEDISON INC 2015-12   2015-12   5,451 4,796     655  
    SUNEDISON INC 2015-12   2015-12   5,451     5,080 371  
    TARGET CORP 2015-08   2015-08   39,905 41,885     -1,980  
    TESORO CORP 2015-11   2015-11   33,366 33,440     -74  
    TJX COS INC 2015-10   2015-10   14,472 14,446     26  
    TRANSOCEAN LIMITED 2015-08   2015-09   27,742 24,505     3,237  
    TWITTER INC 2015-08   2015-09   27,894 26,890     1,004  
    TWITTER INC 2015-10   2015-10   14,259 12,798     1,461  
    UNDER ARMOUR INC 2015-08   2015-09   37,156     40,213 -3,057  
    UNITED TECHNOLOGIES CORP 2015-09   2015-09   17,200 18,831     -1,631  
    VALEANT PHARMACEAUTICALS INTL 2015-10   2015-10   11,754 12,060     -306  
    VISA INC 2015-08   2015-11   15,083 14,425     658  
    VISA INC 2015-10   2015-11   15,083 15,083        
    VISA INC 2015-11   2015-12   15,656 16,002     -346  
    VISA INC 2015-11   2015-12   23,484 23,433     51  
    VOLKSWAGEN AG ADR EACH REP 2015-10   2015-10   8,169 8,565     -396  
    WEIGHT WATCHERS INTL INC 2015-10   2015-10   15,329 16,242     -913  
    WESTERN DIGITAL CORP 2015-11   2015-11   30,579 34,000     -3,421  
    WHIRLPOOL CORP 2015-08   2015-08   33,934 35,840     -1,906  
    ADOBE SYS INC 2015-12   2015-01   44,559 46,359     -1,800  
    AMAZON.COM 2015-12   2016-02   25,175 31,921     -6,746  
    AMERICAN HIGH-INCOME MUNI CLASS F1 2016-01   2016-03   99,911 100,025     -114  
    APPLE INC 2016-02   2016-04   20,965 19,110     1,855  
    APPLE INC 2016-05   2016-06   19,143 18,567     576  
    BIOGEN INC 2015-12   2016-01   27,505 30,862     -3,357  
    CAMPBELL SOUP CO COM 2016-02   2016-04   12,217 12,305     -88  
    CATERPILLAR INC 2016-03   2016-05   14,877 14,713     164  
    CHENIERE ENERGY INC 2016-03   2016-05   18,020 19,212     -1,192  
    CHESAPEAKE ENERGY CORPORATION OKLAHOMA 2016-03   2016-05   17,175 14,414     2,761  
    COCA COLA CO 2016-03   2016-06   22,307 22,543     -236  
    CONSTELLATION BRANDSINC 2015-12   2016-01   59,674 56,738     2,936  
    DELTA AIR LINE INC 2015-12   2016-01   44,315 52,400     -8,085  
    FITBIT INC 2016-03   2016-03   14,160 13,215     945  
    GENERAL MTRS CO 2016-01   2016-01   58,516 62,177     -3,661  
    HASBRO INC 2015-11   2016-01   10,383 11,474     -1,091  
    HOME DEPOT INC 2015-10   2016-01   12,664 12,038     626  
    HOME DEPOT INC 2015-11   2016-01   12,664 12,220     444  
    HOME DEPOT INC 2015-12   2016-01   25,327 26,367     -1,040  
    HORMEL FOODS CORP 2015-11   2016-01   31,175 29,207     1,968  
    ISHARES US HEALTHCARE ETF 2015-12   2016-01   35,810 37,844     -2,034  
    ISHARES US HEALTHCARE ETF 2015-12   2016-01   34,567 37,844     -3,277  
    LINKEDIN CORP 2015-12   2016-01   41,408     45,381 -3,973  
    MARATHON OIL CORP 2016-03   2016-04   10,779 10,779        
    MARATHON OIL CORP 2016-03   2016-05   12,305 13,828     -1,523  
    MCDONALDS CORP 2015-10   2016-01   23,276 22,721     555  
    MCDONALDS CORP 2015-11   2006-01   34,913 33,450     1,463  
    MCDONALDS CORP 2016-02   2016-06   24,108 23,742     366  
    MCDONALDS CORP 2016-03   2016-06   12,054 12,373     -319  
    MCDONALDS CORP 2016-04   2016-06   12,055 12,861     -806  
    MICROSOFT CORP 2015-11   2016-01   52,365 53,781     -1,416  
    NORDSTROM INC 2016-05       14,075 16,463     -2,388  
    OCCIDENTAL PETROLEUM CORP 2016-04   2016-06   14,930 15,200     -270  
    OPPENHEIMER ROCHEST HIGH YIELD MUNI 2015-11   2016-02   99,975 99,770     205  
    OPPENHEIMER ROCHEST HIGH YIELD MUNI     2016-03   100,558 100,495     63  
    PENNEY J C CO INC 2016-03   2016-04   9,788 11,321     -1,533  
    PHILIP MORRIS INTL INC 2016-03   2016-05   19,513 19,064     449  
    PHILIP MORRIS INTL INC 2016-04   2016-05   19,513 19,506     7  
    ROYAL CARIBBEAN CRUISES COM 2015-12   2016-01   46,282 50,093     -3,811  
    SALESFORCE COM INC 2016-03   2016-04   7,613 7,201     412  
    SUNEDISON INC 2006-02   2016-04   1,700 13,188     -11,488  
    VISA INC 2015-11   2016-01   35,491 39,056     -3,565  
    VOLKSWAGEN AG ADR EACH REP 1/5 ORD NPV 2016-04   2016-04   6,031 6,159     -128  
    WEIGHT WATCHERS INTL INC 2016-02   2016-05   12,355 11,610     745  
    WYNN RESORTS LTD 2016-03   2016-05   18,728 17,004     1,724  
    INDUSTRIAL INCOME TR INC CM 2014-11   2015-11   101,545 89,305     12,240  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    Fentress County Education and Community Enhancement Foundation
    EIN:
    58-1537858
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT&T INC 43,211 43,211
    CION INVT CORP COM 75,957 75,957
    CONOCOPHILLIPS 30,520 30,520
    CONSTELLATION BRANDS INC 49,620 49,620
    COSTCO WHOLESALE CORP 15,704 15,704
    DC INDL LIQUIDATING TR UNIT BEN INT 5,385 5,385
    EXXON MOVIL CORP 37,496 37,496
    GRIFFIN-AMERICAN HEALTHCARE REIT 80,100 80,100
    HOME DEPOT INC 38,307 38,307
    KROGER CO COM 36,790 36,790
    MICROSOFT CORP 15,351 15,351
    NETFLIX COM INC 36,592 36,592
    NEWELL BRANDS INC 24,285 24,285
    NEWMONT MNG CORP HLDG CO 39,120 39,120
    NIKE INC 33,120 33,120
    SCHLUMBERGER LIMITED COM 15,816 15,816
    UNION PACIFIC CORP 17,450 17,450
    VERIZON COMMUNICATIONS 27,920 27,920
    WAL-MART STORES 73,020 73,020
    XYLEM INC 22,325 22,325
    FIDELITY MSCI UTILS INDEX FUND 67,720 67,720
    ISHARES NASDAQ BIOTECHNOLOGY ETF 25,734 25,734

    TY 2015 OtherDecreasesSchedule
    Name:
    Fentress County Education and Community Enhancement Foundation
    EIN:
    58-1537858
    Description Amount
    Unrealized Loss on Investments 0
    Estimated Tax Payments 410


    TY 2015 OtherExpensesSchedule
    Name:
    Fentress County Education and Community Enhancement Foundation
    EIN:
    58-1537858
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Fees 10,663 10,663    
    Dues & Subscriptions 55     55
    Bank Fees 10      
    Miscellaneous 75      
    Annual Banquet 1,300     1,300
    Insurance 901      


    TY 2015 OtherIncomeSchedule2
    Name:
    Fentress County Education and Community Enhancement Foundation
    EIN:
    58-1537858
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Capital Gain Distribution 4,302 4,302  


    TY 2015 OtherIncreasesSchedule
    Name:
    Fentress County Education and Community Enhancement Foundation
    EIN:
    58-1537858
    Description Amount
    Unrealized Gain on Investments 9,141
    Tax Exempt Interest Dividends 4,051
    Income Tax Refumd 254