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
POINT OF VIEW FARM INC
c/o JOEL ROSENTHAL
% JOEL ROSENTHAL
Number and street (or P.O. box number if mail is not delivered to street address)HC 64 BOX 136A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HILLSBORO, WV24946
A Employer identification number

52-2219449
B Telephone number (see instructions)

(304) 653-4766
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$2,699,453J 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) 44,255
2 Check bullet.............
3 Interest on savings and temporary cash investments 31 31 31
4 Dividends and interest from securities... 28,866 28,866 68,866
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -79,107
b Gross sales price for all assets on line 6a 238,924
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 22,228
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 7,095 7,095 7,095
12 Total. Add lines 1 through 11........ 1,140 35,992 98,220
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,096 1,048 1,048 1,048
c Other professional fees (attach schedule).... Click to see attachment 415   415 415
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35   35 35
19 Depreciation (attach schedule) and depletion... Click to see attachment 90,427   90,427
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 49,589 0 49,589 49,589
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 142,562 1,048 141,514 51,087
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 142,562 1,048 141,514 51,087
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -141,422
b Net investment income (if negative, enter -0-) 34,944
c Adjusted net income (if negative, enter -0-)...  
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............. 432,840 445,068 445,068
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 45,393 Click to see attachment37,011 37,011
b Investments—corporate stock (attach schedule)....... 750,246 Click to see attachment765,037 765,037
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 bullet2,206,681
Less: accumulated depreciation (attach schedule) bullet754,344 1,504,572 Click to see attachment1,452,337 1,452,337
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,733,051 2,699,453 2,699,453
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
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 2,733,051 2,699,453
30 Total net assets or fund balances (see instructions)..... 2,733,051 2,699,453
31 Total liabilities and net assets/fund balances (see instructions). 2,733,051 2,699,453
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
2,733,051
2
Enter amount from Part I, line 27a .....................
2
-141,422
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
107,824
4
Add lines 1, 2, and 3 ..........................
4
2,699,453
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,699,453
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 ST GAIN/LOSS-COMMONWEALTH P 2017-11-29 2018-02-05
b LT GAIN/LOSS-COMMONWEALTH P 2015-01-15 2018-01-08
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 210,633   188,405 22,228
b 28,291   129,626 -101,335
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       22,228
b       -101,335
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 -79,107
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 22,228
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 178,089 1,312,290 0.135709
2016 34,643 1,019,384 0.033984
2015 17,357 1,436,222 0.012085
2014 14,286 1,849,956 0.007722
2013 31,103 1,845,912 0.01685
2
Total of line 1, column (d) .....................
2
0.20635
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
0.04127
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
1,228,957
5
Multiply line 4 by line 3......................
5
50,719
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
349
7
Add lines 5 and 6........................
7
51,068
8
Enter qualifying distributions from Part XII, line 4,.............
8
89,279
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 1 349
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  
3 Add lines 1 and 2........................... 3 349
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- ..... 5 349
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here 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 9 349
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 taxBullet   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)
    bulletMD, WV
    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 addressbullet  
    14
    The books are in care ofbulletJOEL ROSENTHAL Telephone no.bullet (304) 653-4766

    Located atbulletHC 64 BOX 136AHILLSBOROWV ZIP+4bullet24946
    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
    JOEL D ROSENTHAL DIRECTOR/PRESIDENT
    100.0     		0 0 0
    HC 64 BOX 136A
    HILLSBORO,WV24946
    RICHARD ALPERT Secretary
    0.4     		0 0 0
    16047 Target Investment Services
    16047 Comprint Circle
    Gaithersburg,MD20877
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 SEE FOOTNOTE 141,514
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    782,953
    b
    Average of monthly cash balances.......................
    1b
    464,719
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,247,672
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    1,247,672
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    18,715
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,228,957
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    61,448
    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
     
    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
    51,087
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    38,192
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    89,279
    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
    349
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    88,930
    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  
    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$  
    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)........     		 
    d Applied to 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    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  
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    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) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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
    0 0 0 12,151 12,151
    b 85% of line 2a ......... 0 0 0 10,328 10,328
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		89,279 178,089 34,950 20,167 322,485
    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 ....     		89,279 178,089 34,950 20,167 322,485
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 2,699,453 2,733,051 2,784,478 2,756,311 10,973,293
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 1,452,337 1,504,572 1,432,510 1,473,087 5,862,506
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		40,965 43,743 33,979 47,874 166,561
    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) ....     		44,255 13,155 10,824 1,849 70,083
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		44,255 13,155 10,824 1,849 70,083
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income 274,916 32,139 316,893 189,001 812,949
    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).)
    JOEL D ROSENTHAL
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    Total .................................bullet 3a  
    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
    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 31  
    4 Dividends and interest from securities....     14 28,866  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 7,095  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -79,107  
    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)..   -43,115  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -43,115
    (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 (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:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX PREPARATION 2,096 1,048 1,048 1,048

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

    TY 2018 DepreciationSchedule
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DODGE RAM TRUCK 2000-06-01 9,000 9,000 M5          
    CASE TRENCHER/BACK 2000-06-21 5,000 5,000 M5          
    CLARK TERR FORK 2000-06-08 5,000 5,000 M5          
    KD 20 KW GENERATOR 2000-06-08 3,200 3,200 M7          
    1990 24 FT TRAILER 2011-06-20 3,300 3,300 M5          
    EQUIPMENT 2000-07-22 11,228 11,228 M7          
    TRAILER HOOKUP 2000-07-31 694 694 M5          
    FARM EQUIPMENT 2000-10-30 5,115 5,115 M5          
    DITCH WITCH 2000-11-09 3,667 3,667 M5          
    FARM EQUIPMENT 2000-11-10 20,348 20,348 M7          
    COMPRESSOR 2000-11-29 236 236 M7          
    HYDRALYC PUMP 2000-12-12 493 493 M7          
    FARM 2000-07-03 420,000   L          
    COMPUTER 2001-07-01 943 943 M5          
    FORD MAJORMATIC 2001-07-01 4,916 4,916 M3          
    INTERNAT TRACTOR 2001-07-01 4,916 4,916 M3          
    JOHN DEERE TRACTOR 2001-07-01 4,916 4,916 M3          
    CASE1835 SKIDLODER 2001-07-01 3,600 3,600 M3          
    12 FT BUSHOG MOWER 2001-07-01 1,800 1,800 M3          
    JOHN DEERE MOWER 2001-07-01 900 900 M3          
    KUBOTA MOWER, F 2001-07-01 400 400 M3          
    67 FORM DUMP TRUCK 2001-07-01 900 900 M5          
    LOG SKIDDER 2003-05-29 4,000 4,000 M3          
    GENERATOR 2003-11-03 1,636 1,636 M3          
    BARN #1 2003-01-15 70,315 26,970 M39   1,803      
    BARN #2 2003-01-15 57,800 22,168 M39   1,482      
    D6C DOZER CATERP 2004-06-22 35,525 35,525 M3          
    WALTER FIRETRUCK 2004-04-20 15,126 15,126 M3          
    FREEZER 14.8 2006-05-07 448 448 M7          
    HWH-40 & 50 GAL 2006-05-07 299 299 M3          
    REFRIGERATOR 2006-05-07 1,000 1,000 M7          
    ELECTRIC RANGE 2006-05-07 500 500 M5          
    XRAY MACHINE 2006-05-03 2,500 2,500 M5          
    BULLDOZER 1942 2006-02-13 3,000 3,000 M5          
    PETTIBON FORKLIFT 2006-10-19 3,400 3,400 M5          
    HUST EXCEL MOWER 2006-09-27 3,905 3,905 M3          
    DUMP TRUCK 2006-05-11 1,500 1,500 M3          
    BUILDINGS 2006-07-01 1,180,465 346,817 M39   30,267      
    FURNITURE 2007-06-01 10,447 10,447 M7          
    BUILDINGS 2007-07-01 9,550 2,562 M39   245      
    TAPPAN 15CF FREEZE 2009-12-17 359 354 M7          
    TAPPAN ELEC RANGE 2009-12-17 349 345 M7          
    SANSUNG 26 REFRI 2010-03-21 1,225 1,224 M7          
    BLG - SEOP CLINTON 2011-07-22 3,683 607 M39   94      
    BLG - W LEAN TO 2011-07-21 14,822 2,454 M39   380      
    BLG - CARPORT 2001-07-21 2,721 452 M39   70      
    AIR CONDITIONER 2011-08-06 329 328 M5          
    HYUNDEI EXCAVATOR 2011-10-15 23,500 23,500 M5          
    KUBATO FZ 2400 ZDT 2011-04-25 3,551 3,551 M3          
    5 INCH ORION SCOPE 2011-12-03 440 440 M3          
    JVC CAMCORDER 2011-01-15 208 208 M5          
    LENOVO LAPTOP COMP 2011-01-15 974 973 M5          
    GENERATOR 30 KW 2012-07-01 2,500 2,164 M7   223      
    GREENHOUSE 2012-07-01 31,228 10,873 M20   1,526      
    GAZEBO 2012-07-01 2,500 870 M20   122      
    GENERATOR 150 KW 2012-07-01 6,000 5,195 M7   536      
    FARM IMPROV - BLG 2012-07-01 7,299 2,542 M20   357      
    FARM IMPROV GRAVEL 2012-07-01 8,510 2,963 M20   416      
    KUBATA MOWER 2013-04-01 4,000 2,444 M3          
    CAMERA SYSTEM 2015-07-01 1,448 1,031 M5   167      
    DIGITAL CAMERA 2015-07-01 223 159 M5   26      
    WASHER/DRYER 2015-07-01 910 512 M7   114      
    DEHUMIDIFIER 2015-07-01 229 129 M7   29      
    DELL 3650 COMPUTER 2016-10-04 476 205 M5   109      
    DELL 15 LAPTOP 2016-05-11 617 339 M5   111      
    EQUIPMENT 2017-07-01 138,400 27,680 M5   44,288      
    CAMERA SYSTEM 2018-07-01 1,000   DDB 5 200      
    TRUCK 2018-02-22 16,025   DDB 5 5,342      
    FARM ADDITIONS 2018-08-15 21,167   DDB 7 2,520      

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    Name of Stock End of Year Book Value End of Year Fair Market Value
    26,329.258 EATON VANCE FLOAT 273,561 273,561
    9,399.626 EATON VANCE FLOAT 118,999 118,999
    20,000 KRATOS DEFENSE &SEC SOL 281,800 281,800
    10,386.796 ALPS ETF TR ALERIAN 90,677 90,677

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    US Government Securities - End of Year Book Value:

    37,011
    US Government Securities - End of Year Fair Market Value:

    37,011
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 LandEtcSchedule2
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    DODGE RAM TRUCK 9,000 9,000    
    CASE TRENCHER/BACK 5,000 5,000    
    CLARK TERR FORK 5,000 5,000    
    KD 20 KW GENERATOR 3,200 3,200    
    1990 24 FT TRAILER 3,300 3,300    
    EQUIPMENT 11,228 11,228    
    TRAILER HOOKUP 694 694    
    FARM EQUIPMENT 5,115 5,115    
    DITCH WITCH 3,667 3,667    
    FARM EQUIPMENT 20,348 20,348    
    COMPRESSOR 236 236    
    HYDRALYC PUMP 493 493    
    FARM 420,000   420,000  
    COMPUTER 943 943    
    FORD MAJORMATIC 4,916 4,916    
    INTERNAT TRACTOR 4,916 4,916    
    JOHN DEERE TRACTOR 4,916 4,916    
    CASE1835 SKIDLODER 3,600 3,600    
    12 FT BUSHOG MOWER 1,800 1,800    
    JOHN DEERE MOWER 900 900    
    KUBOTA MOWER, F 400 400    
    67 FORM DUMP TRUCK 900 900    
    LOG SKIDDER 4,000 4,000    
    GENERATOR 1,636 1,636    
    BARN #1 70,315 28,773 41,542  
    BARN #2 57,800 23,650 34,150  
    D6C DOZER CATERP 35,525 35,525    
    WALTER FIRETRUCK 15,126 15,126    
    FREEZER 14.8 448 448    
    HWH-40 & 50 GAL 299 299    
    REFRIGERATOR 1,000 1,000    
    ELECTRIC RANGE 500 500    
    XRAY MACHINE 2,500 2,500    
    BULLDOZER 1942 3,000 3,000    
    PETTIBON FORKLIFT 3,400 3,400    
    HUST EXCEL MOWER 3,905 3,905    
    DUMP TRUCK 1,500 1,500    
    BUILDINGS 1,180,465 377,084 803,381  
    FURNITURE 10,447 10,447    
    BUILDINGS 9,550 2,807 6,743  
    TAPPAN 15CF FREEZE 359 354 5  
    TAPPAN ELEC RANGE 349 345 4  
    SANSUNG 26 REFRI 1,225 1,224 1  
    BLG - SEOP CLINTON 3,683 701 2,982  
    BLG - W LEAN TO 14,822 2,834 11,988  
    BLG - CARPORT 2,721 522 2,199  
    AIR CONDITIONER 329 328 1  
    HYUNDEI EXCAVATOR 23,500 23,500    
    KUBATO FZ 2400 ZDT 3,551 3,551    
    5 INCH ORION SCOPE 440 440    
    JVC CAMCORDER 208 208    
    LENOVO LAPTOP COMP 974 973 1  
    GENERATOR 30 KW 2,500 2,387 113  
    GREENHOUSE 31,228 12,399 18,829  
    GAZEBO 2,500 992 1,508  
    GENERATOR 150 KW 6,000 5,731 269  
    FARM IMPROV - BLG 7,299 2,899 4,400  
    FARM IMPROV GRAVEL 8,510 3,379 5,131  
    KUBATA MOWER 4,000 2,444 1,556  
    CAMERA SYSTEM 1,448 1,198 250  
    DIGITAL CAMERA 223 185 38  
    WASHER/DRYER 910 626 284  
    DEHUMIDIFIER 229 158 71  
    DELL 3650 COMPUTER 476 314 162  
    DELL 15 LAPTOP 617 450 167  
    EQUIPMENT 138,400 71,968 66,432  
    CAMERA SYSTEM 1,000 200 800  
    TRUCK 16,025 5,342 10,683  
    FARM ADDITIONS 21,167 2,520 18,647  


    TY 2018 OtherExpensesSchedule
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AGRICULTURE SUPPLIES 986 0 986 986
    ANIMAL SUPPLIES 13,521 0 13,521 13,521
    INSURANCE 8,828 0 8,828 8,828
    ELECTRICITY 10,190 0 10,190 10,190
    TELEPHONE 748 0 748 748
    FUEL 1,268 0 1,268 1,268
    MISCELLANEOUS 11,030 0 11,030 11,030
    REPAIR AND MAINTENANCE 3,018 0 3,018 3,018


    TY 2018 OtherIncomeSchedule2
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    USDA 5,195 5,195 5,195
    WV Forestry 1,900 1,900 1,900


    TY 2018 OtherIncreasesSchedule
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    Description Amount
    NET UNREALIZED GAIN/LOSS ON INVESTMENTS 107,824


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VETERINARIAN 415   415 415


    TY 2018 TaxesSchedule
    Name:
    POINT OF VIEW FARM INC
     
    c/o JOEL ROSENTHAL
    EIN:
    52-2219449
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WEST VIRGINIA TAX 35   35 35