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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
Roswell Artist-in-Residence Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)409 E College Blvd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Roswell, NM88201
A Employer identification number

33-0999247
B Telephone number (see instructions)

(575) 623-5600
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$10,362,041J 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) 20,014
2 Check bullet.............
3 Interest on savings and temporary cash investments 10,531 10,531 10,531
4 Dividends and interest from securities... 173,528 173,528 173,528
5a Gross rents............ 36,000 36,000 36,000
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,638,902
b Gross sales price for all assets on line 6a 10,941,483
7 Capital gain net income (from Part IV, line 2)... 1,638,902
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)..... 0  
11 Other income (attach schedule)....... Click to see attachment 68,728 10,015 68,728
12 Total. Add lines 1 through 11........ 1,947,703 1,868,976 288,787
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 35,833 1,075   34,758
14 Other employee salaries and wages...... 118,227 3,547   114,680
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... 23,601 11,800   11,801
c Other professional fees (attach schedule).... 40,601 24,782   15,819
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 31,106 4,202 4,202 26,904
19 Depreciation (attach schedule) and depletion... 105,581    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 376     376
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 294,613 5,347   289,261
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 649,938 50,753 4,202 493,599
25 Contributions, gifts, grants paid....... 53,900 53,900
26 Total expenses and disbursements. Add lines 24 and 25 703,838 50,753 4,202 547,499
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,243,865
b Net investment income (if negative, enter -0-) 1,818,223
c Adjusted net income (if negative, enter -0-)... 284,585
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 70,409 15,887 15,887
2 Savings and temporary cash investments......... 462,729    
3 Accounts receivable bullet227
Less: allowance for doubtful accounts bullet   7,391 227 227
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).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............   1,176 1,176
9 Prepaid expenses and deferred charges.......... 27,088 2,654 2,654
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,983,948 Click to see attachment7,341,577 7,341,577
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 221,927 Click to see attachment294,423 294,423
14 Land, buildings, and equipment: basis bullet3,965,380
Less: accumulated depreciation (attach schedule) bullet1,263,736 2,785,340 Click to see attachment2,701,644 2,701,644
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment4,453 Click to see attachment4,453
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,558,832 10,362,041 10,362,041
Liabilities 17 Accounts payable and accrued expenses.......... 14,466 9,922
18 Grants payable.................    
19 Deferred revenue................. 10,400 20,625
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22)......... 24,866 30,547
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 11,526,697 10,331,494
25 Temporarily restricted............... 7,269  
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here 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)..... 11,533,966 10,331,494
31 Total liabilities and net assets/fund balances (see instructions). 11,558,832 10,362,041
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
11,533,966
2
Enter amount from Part I, line 27a .....................
2
1,243,865
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,777,831
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,446,337
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
10,331,494
Form 990-PF (2018)
Form 990-PF (2018)
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 See schedule P 2017-01-01 2018-12-31
b
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 10,941,483 0 9,302,581 1,638,902
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a 0 0 0 1,638,902
b
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 1,638,902
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))
2017 572,964 8,329,211 0.068790
2016 515,148 7,915,282 0.065083
2015 486,131 8,052,624 0.060369
2014 433,178 8,171,484 0.053011
2013 420,266 7,675,308 0.054756
2
Total of line 1, column (d) .....................
2
0.302009
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.060402
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
8,072,519
5
Multiply line 4 by line 3......................
5
487,596
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
18,182
7
Add lines 5 and 6........................
7
505,778
8
Enter qualifying distributions from Part XII, line 4,.............
8
547,499
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 (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 18,182
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 18,182
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 18,182
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,548
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 2548 7 2,548
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 589
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 16,223
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11  
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)
    bullet
    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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 addressbulletrair.org
    14
    The books are in care ofbulletCarolyn Madison Telephone no.bullet (575) 623-5600

    Located atbullet409 E College BlvdRoswellNM ZIP+4bullet88201
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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:
    Yes
    No
    (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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    Sally Anderson Director
    2.00     		0 0 0
    409 E College Blvd
    Roswell,NM88201
    Brinkman Randle Director
    2.00     		0 0 0
    412 W 2nd
    Roswell,NM88201
    Jerry Childress Director
    2.00     		0 0 0
    2015 Brazos Street
    Roswell,NM88201
    Laura Read Director
    2.00     		0 0 0
    1217 W Third St
    Roswell,NM88201
    Adriann Ragsdale Secretary
    2.00     		0 0 0
    PO Box 298
    Roswell,NM88202
    Trey Nesselrodt Director
    2.00     		0 0 0
    309 N Virginia
    Roswell,NM88201
    Cymantha Liakos Director
    2.00     		0 0 0
    407 N Washington
    Roswell,NM88201
    Kim Parker-Guerrero Director
    2.00     		0 0 0
    203 Three Cross Dr
    Roswell,NM88201
    Sarah Anderson Director
    2.00     		0 0 0
    25 Sycamore Lane
    Springfield,IL62712
    Anne Midgette Director
    2.00     		0 0 0
    5665 14th St NW
    Washington,DC20011
    Christina Gonzalez Director
    2.00     		0 0 0
    1873 Candela St
    Santa Fe,NM87505
    Phillis Ideal Director
    2.00     		0 0 0
    1000 Cordova Place
    Santa Fe,NM87505
    Michael Aakhus Director
    2.00     		0 0 0
    1404 W Berrendo Rd House C
    Roswell,NM88201
    Donald Anderson President
    2.00     		0 0 0
    PO Box 1
    Roswell,NM88202
    Aria Finch Vice President
    2.00     		0 0 0
    40 Deborah Drive
    Roswell,NM88201
    Carolyn Madison Treasurer
    2.00     		0 0 0
    110 S Kentucky
    Roswell,NM88203
    Dameron Midgette Executive Director
    20.00     		35,833 0 0
    222 Spruce Street
    Santa Fe,NM87501
    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
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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 The Roswell Artist-in-Residence Foundation provides exceptional visual artists the Gift of Time, a year to work without distraction in a collegial environment. 53,900
    2 The Roswell Artist-in-Residence Foundation also maintains the Anderson Museum of Contemporary Art and the Studios at Berrendo Road and the Howard Cook Studios. 498,221
    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 (2018)
    Form 990-PF (2018)
    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
    8,152,303
    b
    Average of monthly cash balances.......................
    1b
    43,148
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,195,451
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    8,195,451
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    122,932
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,072,519
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    403,626
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    0
    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
    547,499
    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
    547,499
    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
    18,182
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    529,317
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 0
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 547,499
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus 547,499
    5 Excess distributions carryover applied to 2018.    
    (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 5 547,499
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		547,499
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 547,499
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
    284,585 307,782 282,304 260,997 1,135,668
    b 85% of line 2a ......... 241,897 261,615 239,958 221,847 965,317
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		547,499 572,964 516,362 486,131 2,122,956
    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 ....     		547,499 572,964 516,362 486,131 2,122,956
    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...     		269,084 277,641 263,843 268,421 1,078,989
    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 foundation 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).)
    Donald B Anderson
    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.
    None
    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:
    Carolyn Madison
    409 E College Blvd
    Roswell,NM88201
    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 (2018)
    Form 990-PF (2018)
    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
    Afton Love
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 9,200
    Akiko Jackson
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 6,050
    Julie Alpert
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 4,500
    Anne Muntges
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 7,000
    Conor Fagan
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 5,200
    Louise Deroualle
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 4,000
    George Rodart
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 3,200
    Joshua Hagler
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 9,450
    Joseph Qwist
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 4,200
    Rachel Grobstein
    409 E College Blvd
    Roswell,NM88201     		Artist Artist Gift of Time 2,700
    Program Costs
    409 E College Blvd
    Roswell,NM88201     		  Artist Gift of Time -1,600
    Total .................................bullet 3a 53,900
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    aArtist Openings         2,311
    bAIR Application Fee         5,095
    cMiscell Art Programs         2,310
    dRental-Artists Below Mkt         41,000
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 10,531  
    4 Dividends and interest from securities....     14 173,528  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 36,000  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 0  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 1,638,902  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMiscellaneous Income     		        1,163
    biCapital K1 Ordinary         8,195
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,858,961 60,074
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,919,035
    (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.)
    1a Artist Openings - food
    1b Registration fees from applicant Artists
    1c Art programs
    1d Below market rental to Artists
    1e Celebration and programs
    11e Micellaneous
    Form 990-PF (2018)
    Form 990-PF (2018)
    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) (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) (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 (2018)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 - Tax Paid with the Original Return: 2,548


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    Roswell Artist-in-Residence Foundation
     
    Employer identification number

    33-0999247
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Roswell Artist-in-Residence Foundation
          		Employer identification number
    33-0999247
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Various contributions under 5000 ea  
    Memorials Donation Box and Supporte
     
    Roswell, NM88201

    		$ 20,014


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    Roswell Artist-in-Residence Foundation
          		Employer identification number

    33-0999247
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Roswell Artist-in-Residence Foundation
          		Employer identification number

    33-0999247
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Guggenheim Macro Opport I 2018-01 Purchased 2018-01   706 705     1  
    Guggenheim Float RTE STR-INS 2018-01 Purchased 2018-01   894 894     0  
    PIMCO Income FD Ins   Purchased 2018-01   511,102 500,762     10,340  
    Boston P Lng/Shrt Res-Ins 2014-07 Purchased 2018-01   1,131,039 1,000,020     131,019  
    Guggenheim Macro Opport I 2014-04 Purchased 2018-01   671,050 677,445     -6,395  
    Guggenheim Float RTE STR Ins 2015-02 Purchased 2018-01   595,423 599,617     -4,194  
    Ishares US Preferred Stock E 2014-10 Purchased 2018-01   33,338 34,634     -1,296  
    Guggenheim Macro Opport I 2017-12 Purchased 2018-01   1,028 0     1,028  
    Guggenheim Float RTE STR Ins 2017-12 Purchased 2018-01   1,357 0     1,357  
    AMG MG Pictet Intl Z 2018-01 Purchased 2018-10   141,000 166,610     -25,610  
    Amgen Inc 2017-01 Purchased 2018-01   122,091 105,265     16,826  
    Blackrock High Yield Portfolio 2018-01 Purchased 2018-02   168,578 170,750     -2,172  
    Brown ADV Japan Alpha Opp IS 2018-01 Purchased 2018-07   150,214 170,750     -20,536  
    Capital GR Non US Equity 2018-01 Purchased 2018-10   145,850 164,227     -18,377  
    Caterpillar Inc 2017-07 Purchased 2018-01   145,611 102,641     42,970  
    Devon Energy Corp 2017-03 Purchased 2018-01   65,356 60,483     4,873  
    Diamond Hill Large Cap FD-I 2018-01 Purchased 2018-10   162,413 170,750     -8,337  
    Dodge & Cox Intl Stock FD 2018-01 Purchased 2018-07   70,000 77,199     -7,199  
    Dodge & Cox Intl Stock FD 2018-01 Purchased 2018-10   132,750 159,632     -26,882  
    Dodge & Cox Income FD 2018-01 Purchased 2018-12   89,000 91,735     -2,735  
    Fidelity International Index Fund 2018-01 Purchased 2018-06   146,000 149,259     -3,259  
    Fidelity International Index Fund 2018-01 Purchased 2018-08   157,000 169,806     -12,806  
    Fidelity 500 Index FD AI 2018-01 Purchased 2018-06   85,000 83,562     1,438  
    Fidelity 500 Index FD AI 2018-07 Purchased 2018-08   75,000 74,346     654  
    Fidelity 500 Index FD AI 2018-07 Purchased 2018-11   30,000 30,000     0  
    JP Morgan GL RES ENH IDX R6 2018-01 Purchased 2018-06   10,000 10,022     -22  
    JP Morgan GL RES ENH IDX R6 2018-01 Purchased 2018-07   337,500 340,005     -2,505  
    JP Morgan GL RES ENH IDX R6 2018-01 Purchased 2018-10   392,896 418,473     -25,577  
    Lockheed Martin Corp 2017-01 Purchased 2018-01   71,936 54,568     17,368  
    Loomis Sayles Growth N2 2018-01 Purchased 2018-10   167,888 170,750     -2,862  
    Pimco Short Term FD Instl 2018-01 Purchased 2018-02   42,718 42,632     86  
    Pimco Short Term FD Instl   Purchased 2018-10   84,717 84,588     129  
    T Rowe PR Emerg Mkts BND I 2018-01 Purchased 2018-02   83,988 85,298     -1,310  
    Vanguard Total Bond Market Index 2018-01 Purchased 2018-11   75,000 77,918     -2,918  
    Vanguard Short Term Bond ETF 2018-06 Purchased 2018-10   83,433 83,661     -228  
    Accenture PLC CL A   Purchased 2018-01   361,039 177,707     183,332  
    Atria Group Inc 2013-11 Purchased 2018-01   345,255 185,102     160,153  
    American Electric Power 2014-06 Purchased 2018-01   77,694 59,049     18,645  
    Blackrock Inc 2014-06 Purchased 2018-01   250,674 146,789     103,885  
    Cardinal Health Inc 2014-10 Purchased 2018-01   48,332 55,336     -7,004  
    Chevron Corp   Purchased 2018-01   215,428 192,073     23,355  
    CMS Energy Corp 2014-10 Purchased 2018-01   27,164 17,976     9,188  
    ConocoPhillips 2014-10 Purchased 2018-01   18,666 22,192     -3,526  
    Core Laboratories N.V. 2016-12 Purchased 2018-01   48,844 50,606     -1,762  
    Devon Properties Corp 2016-12 Purchased 2018-01   45,079 50,168     -5,089  
    Dowdupont Inc 2014-10 Purchased 2018-01   169,345 101,668     67,677  
    Eli Lilly & Co 2013-11 Purchased 2018-01   284,417 166,984     117,433  
    General Dynamics Corp 2014-10 Purchased 2018-01   183,348 104,959     78,389  
    General Electric Co 2013-11 Purchased 2018-01   168,613 238,500     -69,887  
    Genuine Parts Co 2013-11 Purchased 2018-01   144,796 120,146     24,650  
    Gilead Sciences Inc 2015-07 Purchased 2018-01   60,629 94,808     -34,179  
    Harris Corp   Purchased 2018-01   268,954 118,371     150,583  
    International Paper Co 2014-10 Purchased 2018-01   30,673 22,982     7,691  
    Johnson & Johnson   Purchased 2018-01   217,926 116,121     101,805  
    KLA Tencor Corp 2014-10 Purchased 2018-01   44,722 26,071     18,651  
    Marathon Oil Corp 2014-10 Purchased 2018-01   13,483 25,359     -11,876  
    Metlife Inc 2014-10 Purchased 2018-01   64,845 54,129     10,716  
    Microsoft Corp   Purchased 2018-01   458,960 195,407     263,553  
    Mondelez International Inc A 2014-10 Purchased 2018-01   28,298 20,821     7,477  
    Norfolk Southern Corp 2014-10 Purchased 2018-01   47,192 32,821     14,371  
    Occidental Petroleum Corp 2014-06 Purchased 2018-01   58,221 75,435     -17,214  
    Pfizer Inc   Purchased 2018-01   220,006 138,360     81,646  
    P Corp 2013-11 Purchased 2018-01   111,023 102,460     8,563  
    Procter & Gamble Co 2014-10 Purchased 2018-01   23,400 21,234     2,166  
    PS Business Parks Inc 2014-10 Purchased 2018-01   32,212 21,295     10,917  
    Republic Services Inc 2014-10 Purchased 2018-01   20,538 11,326     9,212  
    Simon Property Group Inc 2014-10 Purchased 2018-01   20,629 20,658     -29  
    The Kraft Heinz Co 2014-10 Purchased 2018-01   18,624 12,486     6,138  
    United Technologies Corp 2014-10 Purchased 2018-01   20,336 15,426     4,910  
    Verizon Communications Inc 2014-10 Purchased 2018-01   37,793 34,383     3,410  
    Wells Fargo & Co 2016-09 Purchased 2018-01   165,367 124,087     41,280  
    Xilinx Inc 2014-10 Purchased 2018-01   41,939 22,435     19,504  
    3M Co 2013-11 Purchased 2018-01   336,769 177,844     158,925  
    JP Morgan F47594000 LT Cap Distrib   Purchased 2018-01   24,654       24,654  
    JP Morgan F47594000 Sec 1250   Purchased 2018-01   90       90  
    iCapital Private Credit Access Fund L.P. Form K-1   Purchased 2018-12   3,630       3,630  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Equities 7,341,577 7,341,577

    TY 2018 InvestmentsOtherSchedule2
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Private Equity Fund   294,423 294,423

    TY 2018 LandEtcSchedule2
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture & Equipment 216,089 192,695 23,394  
    411/413 E. College Office Bldg 367,274 58,521 308,753  
    Howard Cook RAiR Additions 408,930 129,148 279,782  
    Berrendo Compound RAiR 603,007 200,057 402,950  
    Anderson Gallery 783,918 253,608 530,310  
    Howard Cook RAiR Building only 1,426,162 429,707 996,455  
    Howard Cook RAiR Land 60,000 0 60,000  
    411/413 E. College Land 100,000 0 100,000  


    TY 2018 OtherAssetsSchedule
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Prepaid Excise Tax 0 4,453 4,453


    TY 2018 OtherDecreasesSchedule
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Description Amount
    Unrealized Losses 2,446,337


    TY 2018 OtherExpensesSchedule
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Advertising 13,468     13,468
    Art Acquisitions 27,675     27,675
    Artist Openings / Receptions 10,365     10,365
    Hammersley Grant for Artists 7,712     7,712
    Artist Grant & Jury Expense 5,748     5,748
    Special Events 10,385     10,385
    Music 13,394     13,394
    50th Anniversary 22,590     22,590
    Contract Labor / Staffing 116     116
    Bank & Credit Card Charges 1,235     1,235
    Fundraising Expense 3,825     3,825
    Insurance 31,779     31,779
    Repairs & Maintenance 59,963     59,963
    Miscellaneous Expense 2,578     2,573
    Supplies 11,287     11,287
    Postage & Delivery 469     469
    Sustainable Arts for Children 2,300     2,300
    Telephone & Internet 10,903     10,903
    Utilities 48,794     48,794
    Investment Expense iCapital 5,347 5,347    
    Dues & Subscriptions 4,680     4,680


    TY 2018 OtherIncomeSchedule2
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Artist Openings 2,311   2,311
    AIR Application Fee 5,095   5,095
    Miscellaneous Art Programs 2,310   2,310
    Rental-Artists below mkt 41,000 10,015 41,000
    Fundraising 6,834   6,834
    Oil & Gas 1,820   1,820
    Miscellaneous Income 1,163   1,163
    iCapital K1 Ordinary 8,195   8,195


    TY 2018 OtherIncreasesSchedule
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Description Amount
    Unrealized Gains 0


    TY 2018 TaxesSchedule
    Name:
    Roswell Artist-in-Residence Foundation
    EIN:
    33-0999247
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Property Tax 14,601     14,601
    Payroll Tax 12,303     12,303
    Foreign Tax 4,202 4,202 4,202