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 11-01-2018 , and ending 10-31-2019
Name of foundation
CONCRETE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)243 LYLE MCKEE ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MORRISVILLE, VT05661
A Employer identification number

20-3794063
B Telephone number (see instructions)

(802) 888-5226
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$83,284,798J 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) 11,239,128
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,928,841 1,928,841 1,928,841
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 149,437
b Gross sales price for all assets on line 6a 35,013,411
7 Capital gain net income (from Part IV, line 2)... 2,793,371
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances 298,488
b Less: Cost of goods sold.... 138,258
c Gross profit or (loss) (attach schedule)..... 160,230 160,230
11 Other income (attach schedule)....... Click to see attachment 4,182,879 0 4,182,879
12 Total. Add lines 1 through 11........ 17,660,515 4,722,212 6,271,950
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 3,194,122 0 2,098,679 1,095,443
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 1,694 0 1,113 581
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 519,905 174,575 226,897 118,434
17 Interest............... 38,094 0 25,030 13,064
18 Taxes (attach schedule) (see instructions)... Click to see attachment 526,786 76,486 226,878 118,423
19 Depreciation (attach schedule) and depletion... Click to see attachment 425,104 0 292,453
20 Occupancy..............        
21 Travel, conferences, and meetings....... 227,694 0 149,605 78,089
22 Printing and publications.......... 104,398 0 68,594 35,804
23 Other expenses (attach schedule)....... Click to see list of attachments 1,946,839 0 1,253,861 630,488
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,984,636 251,061 4,343,110 2,090,326
25 Contributions, gifts, grants paid....... 5,398 5,398
26 Total expenses and disbursements. Add lines 24 and 25 6,990,034 251,061 4,343,110 2,095,724
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,670,481
b Net investment income (if negative, enter -0-) 4,471,151
c Adjusted net income (if negative, enter -0-)... 1,928,840
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............. 782,235 6,380,019 6,380,019
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet37,595
Less: allowance for doubtful accounts bullet   32,369 37,595 37,595
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.............. 64,650 66,006 66,006
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 35,796,900 Click to see attachment38,189,330 44,300,150
c Investments—corporate bonds (attach schedule)....... 12,668,659 Click to see attachment14,225,129 14,864,873
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 bullet20,767,093
Less: accumulated depreciation (attach schedule) bullet3,534,913 16,731,675 Click to see attachment17,232,180 17,232,180
15 Other assets (describe bullet) Click to see attachment493,919 Click to see attachment403,975 Click to see attachment403,975
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 66,570,407 76,534,234 83,284,798
Liabilities 17 Accounts payable and accrued expenses.......... 450,473 68,860
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) Click to see attachment442,711 Click to see attachment117,670
23 Total liabilities (add lines 17 through 22)......... 893,184 186,530
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 46,331 46,331
29 Retained earnings, accumulated income, endowment, or other funds 65,630,892 76,301,373
30 Total net assets or fund balances (see instructions)..... 65,677,223 76,347,704
31 Total liabilities and net assets/fund balances (see instructions). 66,570,407 76,534,234
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
65,677,223
2
Enter amount from Part I, line 27a .....................
2
10,670,481
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
76,347,704
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
76,347,704
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 APERIO #5413 - DETAIL AVAILABLE UPON REQUEST P   2019-10-31
b FIDELITY - DETAIL AVAILABLE UPON REQUEST P   2019-10-31
c APERIO #5413 - DETAIL AVAILABLE UPON REQUEST P   2019-10-31
d FIDELITY - DETAIL AVAILABLE UPON REQUEST P   2019-10-31
e APERIO #5413 - DETAIL AVAILABLE UPON REQUEST D   2019-10-31
FIDELITY - DETAIL AVAILABLE UPON REQUEST D   2019-10-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 12,592,546   12,233,915 358,631
b 4,004,418   4,155,326 -150,908
c 11,924,800   12,552,691 -627,891
d 601,884   595,488 6,396
e 2,213,355   1,101,173 1,112,182
3,675,476   1,581,447 2,094,029
932     932
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       358,631
b       -150,908
c       -627,891
d       6,396
e       1,112,182
      2,094,029
      932
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,793,371
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 -621,495
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 4,996,133 53,518,256 0.093354
2016 2,143,671 42,349,875 0.050618
2015 4,815,145 31,425,638 0.153223
2014 3,274,169 27,806,247 0.117749
2013 4,241,559 18,700,332 0.226817
2
Total of line 1, column (d) .....................
2
0.641761
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
0.128352
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
59,458,745
5
Multiply line 4 by line 3......................
5
7,631,649
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
44,712
7
Add lines 5 and 6........................
7
7,676,361
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,021,333
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 89,423
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 89,423
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 89,423
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 136,402
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 161,402
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 142
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 71,837
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet71,837 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletVT
    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 addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (802) 888-5226

    Located atbullet243 LYLE MCKEE ROADMORRISVILLEVT ZIP+4bullet05661
    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
    RICHARD A DREISSIGACKER DIRECTOR/PRESIDENT
    2.00     		0 0 0
    243 LYLE MCKEE ROAD
    MORRISVILLE,VT05661
    JULIA H GEER DIRECTOR & SECRETARY/TREAS
    2.00     		0 0 0
    243 LYLE MCKEE ROAD
    MORRISVILLE,VT05661
    STEPHEN P MAGOWAN DIRECTOR
    2.00     		0 0 0
    165 COLLEGE ST
    BURLINGTON,VT05401
    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
    RUSSELL E SPRING GEN. MANAGER
    40.00     		90,497 0 0
    2383 CREEK RD
    CRAFTSBURY COMMON,VT05827
    JONATHAN HAMMOND HOSMER POINT CAMP DI
    40.00     		66,645 0 0
    473 A BLUSH HILL DRIVE
    WATERBURY,VT05676
    ERIC SCHULZ SPECIAL PROJECTS
    40.00     		61,940 0 0
    730 SWAMP RD
    JOHNSON,VT05656
    TROY HOWELL SCULLING PROGRAM DIR
    40.00     		59,678 0 0
    613 SOUTH ALBANY RD
    WEST GLOVER,VT05875
    ANDREA CARPENTIER BOOKKEEPER/HR
    40.00     		55,842 0 0
    PO BOX 163
    IRASBURG,VT05845
    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
    RG GOSSELIN INC CONTRACTING 520,404
    PO BOX 439
    DERBY,VT05829
    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 FOUNDATION SUPPORTS AND PROMOTES PARTICIPATION AND EXCELLENCE IN NORDIC SKIING DURING THE MONTHS OF NOVEMBER THROUGH APRIL AT THE CRAFTSBURY OUTDOOR CENTER. 1,167,180
    2 THE FOUNDATION SUPPORTS THE FIRST ROWING CAMP IN NORTH AMERICA, THE CRAFTSBURY SCULLING CENTER, REMAINS ONE OF THE DEFINITIVE TRAINING LOCATIONS & EXPERIENCES FOR SCULLERS WORLDWIDE. 2,114,875
    3 THE FOUNDATION OFFERS A POST GRADUATE PROGRAM, THE NORDIC SKIING GREEN TEAM, WHICH ALLOWS UP TO 13 SKIERS THE OPPORTUNITY TO CONTINUE TRAINING AND ATTENDING COMPETITIONS AFTER COLLEGE. 639,755
    4 THE FOUNDATION OFFERS A POST GRAD PROGRAM, SCULLING SMALL BOATS TEAM, WHICH ALLOWS UP TO 18 SCULLERS THE OPPORTUNITY TO CONTINUE TRAINING AND ATTENDING COMPETITIONS AFTER COLLEGE. 365,874
    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.........................bullet0
    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
    58,369,136
    b
    Average of monthly cash balances.......................
    1b
    1,995,072
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    60,364,208
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    60,364,208
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    905,463
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    59,458,745
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,972,937
    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
    2,095,724
    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
    925,609
    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
    3,021,333
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,021,333
    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
    2015-09-30
    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
    1,928,840 1,504,593 1,270,382 985,056 5,688,871
    b 85% of line 2a ......... 1,639,514 1,278,904 1,079,825 837,298 4,835,540
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		3,021,333 4,996,133 2,143,671 4,815,145 14,976,282
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		3,021,333 4,996,133 2,143,671 4,815,145 14,976,282
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		1,981,958 1,783,942 1,411,663 1,047,521 6,225,084
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the 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).)
    RICHARD A DREISSIGACKER
    JULIA H GEER
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    ALBANY COMMUNITY TRUST
    5088 CREEK ROAD
    ALBANY,VT05820     		NONE PUBLIC CHARITY GENERAL SUPPORT 1,000
    HARDWICK AREA FOOD PANTRY
    39 W CHURCH ST
    HARDWICK,VT05843     		NONE PUBLIC CHARITY GENERAL SUPPORT 389
    HARDWICK RESCUE
    385 LOWER RD
    HARDWICK,VT05843     		NONE PUBLIC CHARITY GENERAL SUPPORT 447
    NORTHEAST KINGDOM YOUTH SERVICES
    24 BAGLEY STREET
    ST JOHNSBURY,VT05819     		NONE PUBLIC CHARITY GENERAL SUPPORT 364
    RESOURCE
    30 GRANITE ST
    BARRE,VT05641     		NONE PUBLIC CHARITY GENERAL SUPPORT 25
    SALVATION FARMS
    49 PORTLAND ST
    MORRISTOWN,VT05661     		NONE PUBLIC CHARITY GENERAL SUPPORT 398
    WINDOW DRESSERS
    PO BOX 1135
    ROCKLAND,ME04841     		NONE PUBLIC CHARITY GENERAL SUPPORT 200
    WONDERARTS
    165 E CRAFTSBURY RD
    GREENSBORO,VT05841     		NONE PUBLIC CHARITY GENERAL SUPPORT 2,500
    VSO
    2 CHURCH ST 3B
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL SUPPORT 75
    Total .................................bullet 3a 5,398
    bApproved for future payment
    Total .................................bullet 3b 0
    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
    aCRAFTSBURY OPERATIONS         4,182,879
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,928,841  
    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.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 149,437  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory         160,230
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,078,278 4,343,109
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,421,387
    (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 INCOME FROM CRAFTSBURY OPERATIONS SUPPORTS THE OPERATIONS OF THE CRAFTSBURY OUTDOOR CENTER, WHICH ALLOWS THE FOUNDATION TO ACCOMPLISH ITS EXEMPT PURPOSE BY PROMOTING PARTICIPATION AND EXCELLENCE IN BOTH NORDIC SKIING AND SCULLING. THIS INCOME ALSO SUPPORTS THE NORDIC SKIING AND SCULLING PROGRAMS FOR POST COLLEGE GRADUATES TO CONTINUE TRAINING AND COMPETING.
    10 INCOME FROM THE SALE OF INVENTORY IS RECEIVED FROM THE SALE OF BOATS USED IN SCULLING PROGRAMS AND FROM ITEMS SOLD AT THE STORE OPEN FOR THE CONVENIENCE OF MEMBERS, ATHLETES AND EMPLOYEES.
    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
    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
    CONCRETE FOUNDATION INC
     
    Employer identification number

    20-3794063
    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
    CONCRETE FOUNDATION INC
          		Employer identification number
    20-3794063
    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
    EMILY H DREISSIGACKER
     
    243 LYLE MCKEE ROAD
     
    MORRISVILLE, VT05661

    		$ 1,068,720


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    DIANE & ANDREAS HALVORSEN
     
    C/O VIKING GLOBAL INVESTORS 55 RAIL
     
    GREENWICH, CT06830

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    RICHARD DREISSIGACKER & JULIA GEER
     
    243 LYLE MCKEE ROAD
     
    MORRISVILLE, VT05661

    		$ 2,296,920


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    JULIA GEER
     
    243 LYLE MCKEE ROAD
     
    MORRISVILLE, VT05661

    		$ 707,630


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    CONCEPT2 INC
     
    105A INDUSTRIAL PARK DRIVE
     
    MORRISVILLE, VT05661

    		$ 4,855,430


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    RICHARD A DREISSIGACKER FAMILY TRUST
     
    243 LYLE MCKEE ROAD
     
    MORRISVILLE, VT05661

    		$ 2,245,001


    (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
    CONCRETE FOUNDATION INC
          		Employer identification number

    20-3794063
    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
    4
    		 VARIOUS SECURITIES WORTH $707,630 $ 707,630 2018-11-13
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    6
    		 VARIOUS SECURITIES WORTH $2,245,001 $ 2,245,001 2018-12-07
    (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
    CONCRETE FOUNDATION INC
          		Employer identification number

    20-3794063
    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:  

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    TY 2018 AmortizationSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    GOODWILL - WTC - 2010 2010-12-20 300,000 156,667 180.000000000000 20,000 0 20,000 176,667
    NONCOMPETE AGREEMENT 2008-11-01 200,000 133,330 180.000000000000 13,333 0 13,333 146,663
    GOODWILL 2008-11-01 818,057 545,370 180.000000000000 54,537 0 54,537 599,907
    ORGANIZATIONAL COSTS 2008-11-01 31,116 20,740 180.000000000000 2,074 0 2,074 22,814

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    TY 2018 DepreciationSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    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
    BUILDINGS - 2008 2008-11-01 2,060,719 528,390 SL 39.000000000000 52,839 0 52,839  
    FURNISHINGS & FIXTURES - 2008 2008-11-01 15,895 15,895 SL 7.000000000000 0 0 0  
    EQUIPMENT - WTC - 2010 2010-12-20 40,000 40,000 SL 7.000000000000 0 0 0  
    LAND - 2008 2008-11-01 1,342,406   L   0 0 0  
    LAND - WTC - 2010 2010-12-20 2,800,000   L   0 0 0  
    LAND - 636 LOST NATION RD - 2010 2011-09-28 390,000   L   0 0 0  
    INVENTORY - WTC - 2010 2010-12-20 10,000   NC 0 % 0 0 0  
    BUILDINGS & IMPROVEMENTS - 2008 2008-11-01 224,647 57,600 SL 39.000000000000 5,760 0 5,760  
    BUILDINGS & IMPROVEMENTS - 2010 2011-07-01 118,910 22,359 SL 39.000000000000 3,049 0 3,049  
    FURNITURE & FIXTURES - 2010 2011-09-01 1,600 1,600 SL 7.000000000000 0 0 0  
    MACHINERY & EQUIPMENT - 2008 2008-11-01 469,626 469,623 SL 7.000000000000 0 0 0  
    MACHINERY & EQUIPMENT - 2009 2009-11-01 431,732 431,732 SL 7.000000000000 0 0 0  
    SCULLING EQUIPMENT - 2009 2009-11-01 5,729 5,726 SL 7.000000000000 0 0 0  
    SCULLING EQUIPMENT - 2010 2011-09-30 4,135 4,135 SL 7.000000000000 0 0 0  
    SKIING EQUIPMENT - 2010 2011-06-21 10,220 10,220 SL 7.000000000000 0 0 0  
    SNOWMAKING EQUIPMENT - 2010 2011-09-15 134,118 134,118 SL 7.000000000000 0 0 0  
    NEW EQUIPMENT - 2010 2011-01-01 30,671 30,671 SL 7.000000000000 0 0 0  
    VEHICLES - 2008 2008-11-01 69,779 69,779 SL 5.000000000000 0 0 0  
    VEHICLES - 2009 2010-03-31 34,900 34,900 SL 5.000000000000 0 0 0  
    VEHICLES - 2009 2009-11-01 17,129 17,129 SL 5.000000000000 0 0 0  
    VEHICLES - 2010 2011-10-06 32,777 32,619 SL 5.000000000000 0 0 0  
    MACHINERY & EQUIPMENT - 2010 2011-11-01 29,992 29,992 SL 7.000000000000 0 0 0  
    BUILDINGS & IMPROVEMENTS - 2011 2012-03-01 76,494 13,074 SL 39.000000000000 1,961 0 1,961  
    SNOWMAKING EQUIPMENT - 2011 2011-12-01 189,801 187,539 SL 7.000000000000 2,262 0 2,262  
    NEW EQUIPMENT - 2011 2012-10-11 1,949 1,691 SL 7.000000000000 255 0 255  
    NEW EQUIPMENT - 2011 2012-02-01 10,074 9,713 SL 7.000000000000 361 0 361  
    NEW EQUIPMENT - 2011 2012-06-01 15,500 14,207 SL 7.000000000000 1,293 0 1,293  
    FURNITURE & FIXTURES - 2011 2012-10-25 2,650 2,274 SL 7.000000000000 376 0 376  
    VEHICLES - 2011 2012-09-01 60,471 60,471 SL 5.000000000000 0 0 0  
    LAND - 991 LOST NATION RD - 2011 2012-08-31 165,641   L   0 0 0  
    BUILDING - 1466 MILL VILLAGE RD - 2011 2012-10-05 250,000 38,994 SL 39.000000000000 6,410 0 6,410  
    LAND - 1466 MILL VILLAGE RD - 2011 2012-10-05 650,902   L   0 0 0  
    BUILDING - 6123 CREEK ROAD - 2011 2012-09-28 250,000 38,994 SL 39.000000000000 6,410 0 6,410  
    LAND - 6123 CREEK ROAD - 2011 2012-09-28 97,937   L   0 0 0  
    BOATS - NON-DEPRECIABLE-2012 2012-10-31 436,559   SL 0 % 0 0 0  
    ACTIVITY CENTER 2014-12-31 453,353 44,559 SL 39.000000000000 11,624 0 11,624  
    BUILDINGS - 2012 2013-05-09 11,410 1,611 SL 39.000000000000 293 0 293  
    BUILDINGS & IMPROVEMENTS - 2012 2013-09-01 160,349 21,245 SL 39.000000000000 4,112 0 4,112  
    EQUIPMENT - SCULLING 2012 2012-11-01 1,386 1,188 SL 7.000000000000 198 0 198  
    EQUIPMENT - SKIING 2012 2013-10-31 25,651 18,320 SL 7.000000000000 3,664 0 3,664  
    FURNITURE & FIXTURES - 2012 2012-11-01 100 84 SL 7.000000000000 16 0 16  
    MACHINERY & EQUIPMENT - 2012 2013-08-12 7,939 5,954 SL 7.000000000000 1,134 0 1,134  
    VEHICLES - 2012 2012-12-04 4,500 4,500 SL 5.000000000000 0 0 0  
    EQUIPMENT - 2012 2013-01-24 2,154 1,771 SL 7.000000000000 308 0 308  
    CABIN - 2013 2014-05-31 5,368 609 SL 39.000000000000 138 0 138  
    ACTIVITY CENTER - 2013 2014-12-31 1,695,336 166,635 SL 39.000000000000 43,470 0 43,470  
    BUILDINGS & IMPROVEMENTS - 2013 2014-04-30 71,234 8,221 SL 39.000000000000 1,827 0 1,827  
    MACHINERY & EQUIPMENT - 2013 2014-04-30 135,635 87,192 SL 7.000000000000 19,376 0 19,376  
    EQUIPMENT - SCULLING 2013 2014-04-30 21,527 13,838 SL 7.000000000000 3,075 0 3,075  
    EQUIPMENT - SKIING 2013 2014-04-30 11,000 7,070 SL 7.000000000000 1,571 0 1,571  
    VEHICLES - 2013 2014-08-12 5,000 4,250 SL 5.000000000000 750 0 750  
    BUILDINGS & IMPROVEMENTS - 2014 2015-04-30 794,613 71,312 SL 39.000000000000 20,375 0 20,375  
    MACHINERY & EQUIPMENT - 2014 2015-04-30 19,220 9,611 SL 7.000000000000 2,746 0 2,746  
    EQUIPMENT - SCULLING 2014 2015-04-30 550 276 SL 7.000000000000 79 0 79  
    EQUIPMENT - SKIING 2014 2015-04-30 21,093 10,546 SL 7.000000000000 3,013 0 3,013  
    VEHICLES - 2014 2015-06-01 38,170 26,083 SL 5.000000000000 7,634 0 7,634  
    BUILDINGS & IMPROVEMENTS - 2015 2016-04-30 2,052,848 131,593 SL 39.000000000000 52,637 0 52,637  
    MACHINERY & EQUIPMENT - 2015 2016-04-30 15,504 5,537 SL 7.000000000000 2,215 0 2,215  
    EQUIPMENT - SKIING 2015 2016-04-30 195,775 69,920 SL 7.000000000000 27,968 0 27,968  
    MORRISSEY PROPERTY - BUILDING 2016-04-30 125,000 8,013 SL 39.000000000000 3,205 0 3,205  
    MORRISSEY PROPERTY - LAND 2016-04-30 158,265   L   0 0 0  
    SKI TREADMILL 2016-06-13 30,000 10,358 SL 7.000000000000 4,286 0 4,286  
    EMPACHER 44X QUAD 2016-06-01 31,500 10,875 SL 7.000000000000 4,500 0 4,500  
    BUILDINGS & IMPROVEMENTS - 2016 2017-06-01 66,032 2,398 SL 39.000000000000 1,693 0 1,693  
    MACHINERY & EQUIPMENT - 2016 2017-06-01 70,719 14,312 SL 7.000000000000 10,103 0 10,103  
    EQUIPMENT - SCULLING 2016 2017-06-01 3,541 717 SL 7.000000000000 506 0 506  
    VEHICLES - 2016 2017-06-01 32,045 9,079 SL 5.000000000000 6,409 0 6,409  
    BUILDINGS & IMPROVEMENTS - 2017 2018-06-01 2,314,305 24,725 SL 39.000000000000 59,341 0 59,341  
    MACHINERY & EQUIPMENT - 2017 2018-06-01 145,426 8,656 SL 7.000000000000 20,775 0 20,775  
    SKIING EQUIPMENT - 2017 2018-06-01 23,146 1,378 SL 7.000000000000 3,307 0 3,307  
    VEHICLES - 2017 2018-06-01 47,139 3,928 SL 5.000000000000 9,428 0 9,428  
    BUILDINGS & IMPROVEMENTS - 2018 2019-06-01 319,191   SL 39.000000000000 3,410 0 3,410  
    MACHINERY & EQUIPMENT - 2018 2019-06-01 79,847   SL 7.000000000000 4,753 0 4,753  
    EQUIPMENT - SCULLING 2018 2019-06-01 7,750   SL 7.000000000000 461 0 461  
    SKIING EQUIPMENT - 2018 2019-06-01 23,730   SL 7.000000000000 1,413 0 1,413  
    VEHICLES - 2018 2019-06-01 27,775   SL 5.000000000000 2,315 0 2,315  
    LAND IMPROVEMENTS - 2018 2019-06-01 268,539   L   0 0 0  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 14,225,129 14,864,873

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 38,189,330 44,300,150

    TY 2018 LandEtcSchedule2
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS - 2008 2,060,719 581,229 1,479,490  
    FURNISHINGS & FIXTURES - 2008 15,895 15,895 0  
    EQUIPMENT - WTC - 2010 40,000 40,000 0  
    LAND - 2008 1,342,406 0 1,342,406  
    LAND - WTC - 2010 2,800,000 0 2,800,000  
    LAND - 636 LOST NATION RD - 2010 390,000 0 390,000  
    INVENTORY - WTC - 2010 10,000 0 10,000  
    BUILDINGS & IMPROVEMENTS - 2008 224,647 63,360 161,287  
    BUILDINGS & IMPROVEMENTS - 2010 118,910 25,408 93,502  
    FURNITURE & FIXTURES - 2010 1,600 1,600 0  
    MACHINERY & EQUIPMENT - 2008 469,626 469,623 3  
    MACHINERY & EQUIPMENT - 2009 431,732 431,732 0  
    SCULLING EQUIPMENT - 2009 5,729 5,726 3  
    SCULLING EQUIPMENT - 2010 4,135 4,135 0  
    SKIING EQUIPMENT - 2010 10,220 10,220 0  
    SNOWMAKING EQUIPMENT - 2010 134,118 134,118 0  
    NEW EQUIPMENT - 2010 30,671 30,671 0  
    VEHICLES - 2008 69,779 69,779 0  
    VEHICLES - 2009 34,900 34,900 0  
    VEHICLES - 2009 17,129 17,129 0  
    VEHICLES - 2010 32,777 32,619 158  
    MACHINERY & EQUIPMENT - 2010 29,992 29,992 0  
    BUILDINGS & IMPROVEMENTS - 2011 76,494 15,035 61,459  
    SNOWMAKING EQUIPMENT - 2011 189,801 189,801 0  
    NEW EQUIPMENT - 2011 1,949 1,946 3  
    NEW EQUIPMENT - 2011 10,074 10,074 0  
    NEW EQUIPMENT - 2011 15,500 15,500 0  
    FURNITURE & FIXTURES - 2011 2,650 2,650 0  
    VEHICLES - 2011 60,471 60,471 0  
    LAND - 991 LOST NATION RD - 2011 165,641 0 165,641  
    BUILDING - 1466 MILL VILLAGE RD - 2011 250,000 45,404 204,596  
    LAND - 1466 MILL VILLAGE RD - 2011 650,902 0 650,902  
    BUILDING - 6123 CREEK ROAD - 2011 250,000 45,404 204,596  
    LAND - 6123 CREEK ROAD - 2011 97,937 0 97,937  
    BOATS - NON-DEPRECIABLE-2012 436,559 0 436,559  
    ACTIVITY CENTER 453,353 56,183 397,170  
    BUILDINGS - 2012 11,410 1,904 9,506  
    BUILDINGS & IMPROVEMENTS - 2012 160,349 25,357 134,992  
    EQUIPMENT - SCULLING 2012 1,386 1,386 0  
    EQUIPMENT - SKIING 2012 25,651 21,984 3,667  
    FURNITURE & FIXTURES - 2012 100 100 0  
    MACHINERY & EQUIPMENT - 2012 7,939 7,088 851  
    VEHICLES - 2012 4,500 4,500 0  
    EQUIPMENT - 2012 2,154 2,079 75  
    CABIN - 2013 5,368 747 4,621  
    ACTIVITY CENTER - 2013 1,695,336 210,105 1,485,231  
    BUILDINGS & IMPROVEMENTS - 2013 71,234 10,048 61,186  
    MACHINERY & EQUIPMENT - 2013 135,635 106,568 29,067  
    EQUIPMENT - SCULLING 2013 21,527 16,913 4,614  
    EQUIPMENT - SKIING 2013 11,000 8,641 2,359  
    VEHICLES - 2013 5,000 5,000 0  
    BUILDINGS & IMPROVEMENTS - 2014 794,613 91,687 702,926  
    MACHINERY & EQUIPMENT - 2014 19,220 12,357 6,863  
    EQUIPMENT - SCULLING 2014 550 355 195  
    EQUIPMENT - SKIING 2014 21,093 13,559 7,534  
    VEHICLES - 2014 38,170 33,717 4,453  
    BUILDINGS & IMPROVEMENTS - 2015 2,052,848 184,230 1,868,618  
    MACHINERY & EQUIPMENT - 2015 15,504 7,752 7,752  
    EQUIPMENT - SKIING 2015 195,775 97,888 97,887  
    MORRISSEY PROPERTY - BUILDING 125,000 11,218 113,782  
    MORRISSEY PROPERTY - LAND 158,265 0 158,265  
    SKI TREADMILL 30,000 14,644 15,356  
    EMPACHER 44X QUAD 31,500 15,375 16,125  
    BUILDINGS & IMPROVEMENTS - 2016 66,032 4,091 61,941  
    MACHINERY & EQUIPMENT - 2016 70,719 24,415 46,304  
    EQUIPMENT - SCULLING 2016 3,541 1,223 2,318  
    VEHICLES - 2016 32,045 15,488 16,557  
    BUILDINGS & IMPROVEMENTS - 2017 2,314,305 84,066 2,230,239  
    MACHINERY & EQUIPMENT - 2017 145,426 29,431 115,995  
    SKIING EQUIPMENT - 2017 23,146 4,685 18,461  
    VEHICLES - 2017 47,139 13,356 33,783  
    BUILDINGS & IMPROVEMENTS - 2018 319,191 3,410 315,781  
    MACHINERY & EQUIPMENT - 2018 79,847 4,753 75,094  
    EQUIPMENT - SCULLING 2018 7,750 461 7,289  
    SKIING EQUIPMENT - 2018 23,730 1,413 22,317  
    VEHICLES - 2018 27,775 2,315 25,460  
    LAND IMPROVEMENTS - 2018 268,539 0 268,539  


    TY 2018 LegalFeesSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,694 0 1,113 581


    TY 2018 OtherAssetsSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 853 853 853
    GOODWILL - WTC - 2010 143,333 123,333 123,333
    NONCOMPETE AGREEMENT 66,670 53,337 53,337
    GOODWILL 272,687 218,150 218,150
    ORGANIZATIONAL COSTS 10,376 8,302 8,302


    TY 2018 OtherExpensesSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUTO EXPENSE 29,532 0 19,404 10,128
    COMPUTER SUPPORT 51,617 0 33,915 17,702
    CREDIT CARD FEES AND BANK CHARGES 92,543 0 60,805 31,738
    DUES & SUBSCRIPTIONS 8,659 0 5,689 2,970
    EMPLOYEE TRAINING 1,865 0 1,225 640
    FOOD PURCHASES 672,690 0 441,987 230,703
    INSURANCE 116,255 0 76,385 39,870
    LICENSES AND PERMITS 24,988 0 16,418 8,570
    OFFICE EXPENSE 10,261 0 6,743 3,520
    PAYROLL SERVICE 17,161 0 11,276 5,886
    PENALTIES 18,506 0 0 0
    PROGRAM EXPENSES 166,684 0 109,519 57,165
    REPAIRS AND MAINTENANCE 93,481 0 61,421 32,060
    SHIPPING 120 0 79 41
    SMALL TOOLS AND EQUIPMENT RENTAL 117,286 0 77,062 40,224
    SUPPLIES 267,527 0 175,777 91,750
    TELEPHONE 47,063 0 30,923 16,141
    UTILITIES 120,657 0 79,277 41,380
    AMORTIZATION 89,944 0 45,956 0


    TY 2018 OtherIncomeSchedule2
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CRAFTSBURY OPERATIONS 4,182,879   4,182,879


    TY 2018 OtherLiabilitiesSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Description Beginning of Year - Book Value End of Year - Book Value
    UNEARNED DEPOSITS AND OTHER CURRENT LIABILITIES 442,711 117,670


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GIBSON CAPITAL - INVESTMENT MGMT FEES 61,063 61,063 0 0
    FIDELITY - INVESTMENT MGMT FEES 5,134 5,134 0 0
    APERIO GROUP - INVESTMENT MGMT FEES 76,145 76,145 0 0
    OTHER PROFESSIONAL FEES 345,330 0 226,897 118,434
    OTHER INVESTMENT FEES 32,233 32,233 0 0


    TY 2018 TaxesSchedule
    Name:
    CONCRETE FOUNDATION INC
    EIN:
    20-3794063
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 96,672 0 63,518 33,154
    FEDERAL EXCISE TAXES & ESTIMATED TAX PAYMENTS 105,000 0 0 0
    FOREIGN TAXES PAID 76,486 76,486 0 0
    VT SALES TAX 248,628 0 163,360 85,269