Form990-PF
Click to see attachment

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 06-01-2018 , and ending 05-31-2019
Name of foundation
THE FENSTER SCHOOL OF SOUTHERN ARIZONA
C/O CORNERSTONE CAPITAL MANAGEMENT LTD
Number and street (or P.O. box number if mail is not delivered to street address)310 S WILLIAMS BLVD NO 180
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TUCSON, AZ85711
A Employer identification number

86-0196442
B Telephone number (see instructions)

(520) 790-9900
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$5,626,383J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 119 119  
4 Dividends and interest from securities...      
5a Gross rents............ 408,970 408,970  
b Net rental income or (loss) 339,490
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 97 97  
12 Total. Add lines 1 through 11........ 409,186 409,186  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,420 0   3,420
b Accounting fees (attach schedule)....... Click to see attachment 10,983 6,603   4,380
c Other professional fees (attach schedule).... Click to see attachment 5,900 0   5,900
17 Interest............... 233,967 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 15,142 15,142   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 26,955 26,955  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 27,637 27,637   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 324,004 76,337   13,700
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 324,004 76,337   13,700
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 85,182
b Net investment income (if negative, enter -0-) 332,849
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............. 332,010 201,774 201,774
2 Savings and temporary cash investments.........   255,119 255,119
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   1,736    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet3,133,249
Less: accumulated depreciation (attach schedule) bullet2,139,325 1,031,848 Click to see attachment993,924 5,169,490
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,365,594 1,450,817 5,626,383
Liabilities 17 Accounts payable and accrued expenses.......... 292 333
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 790,000 790,000
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 790,292 790,333
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........ 575,302 660,484
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 575,302 660,484
31 Total liabilities and net assets/fund balances (see instructions). 1,365,594 1,450,817
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
575,302
2
Enter amount from Part I, line 27a .....................
2
85,182
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
660,484
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
660,484
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017      
2016      
2015      
2014      
2013      
2
Total of line 1, column (d) .....................
2
 
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
 
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
 
5
Multiply line 4 by line 3......................
5
 
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
 
7
Add lines 5 and 6........................
7
 
8
Enter qualifying distributions from Part XII, line 4,.............
8
 
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 6,657
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 6,657
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 6,657
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 274
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 5,069
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,069 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
Yes
 
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)
    bulletAZ
    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
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (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 FENSTER SCHOOL CO CORNERSTONE CAPITAL MANAGEMENT Telephone no.bullet (520) 790-9900

    Located atbullet310 S WILLIAMS BLVD STE 180TUCSONAZ ZIP+4bullet85711
    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
    KENNETH FENSTER PRESIDENT
    0.50     		0 0 0
    814 W CHULA VISTA RD
    TUCSON,AZ85704
    WILLIAM FENSTER VICE PRESIDENT
    0.50     		0 0 0
    2626 E BILTMORE CIRCLE 12
    PHOENIX,AZ85016
    BEVERLY E GAMMON DIRECTOR
    0.50     		0 0 0
    PO BOX 84708
    SAN DIEGO,CA92138
    DONALD PITT DIRECTOR
    0.50     		0 0 0
    310 S WILLIAMS BLVD STE 180
    TUCSON,AZ85711
    MARY VINE DIRECTOR
    0.50     		0 0 0
    814 W CHULA VISTA RD
    TUCSON,AZ85704
    BARBARA FENSTER DIRECTOR
    0.50     		0 0 0
    2626 E BILTMORE CIRCLE 12
    PHOENIX,AZ85016
    THOMAS POWERS SECRETARY/TREASURER
    0.50     		0 0 0
    310 S WILLIAMS BLVD STE 180
    TUCSON,AZ85711
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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.........................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
    0
    b
    Average of monthly cash balances.......................
    1b
    334,424
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,169,490
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,503,914
    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
    5,503,914
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    82,559
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,421,355
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    271,068
    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
    271,068
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    6,657
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,657
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    264,411
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    264,411
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    264,411
    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
    13,700
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    13,700
    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
    13,700
    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 7 264,411
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 13,700
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 13,700
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		250,711
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    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
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the 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).)
    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
    Total .................................bullet 3a 0
    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
    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 ...........     		    14 119  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 339,490  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 97  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    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).. 0 339,706 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    339,706
    (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:
    THE FENSTER SCHOOL OF SOUTHERN ARIZONA
     
    C/O CORNERSTONE CAPITAL MANAGEMENT LTD
    EIN:
    86-0196442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 10,983 6,603   4,380

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

    TY 2018 AmortizationSchedule
    Name:
    THE FENSTER SCHOOL OF SOUTHERN ARIZONA
     
    C/O CORNERSTONE CAPITAL MANAGEMENT LTD
    EIN:
    86-0196442
    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
    LOAN FEES 2012-06-22 3,877 3,877 36.000000000000   0   3,877
    LOAN FEES 2013-12-24 11,526 11,526 18.000000000000   0   11,526
    SABINO RECOVERY LEASE 2015-12-30 65,000 17,616 107.000000000000 7,290 7,290   24,906
    SABINO RECOVERY LEASE (JULY 2017) 2017-07-21 30,657 3,066 100.000000000000 3,679 3,679   6,745

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    TY 2018 DepreciationSchedule
    Name:
    THE FENSTER SCHOOL OF SOUTHERN ARIZONA
     
    C/O CORNERSTONE CAPITAL MANAGEMENT LTD
    EIN:
    86-0196442
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    LAND 1973-06-01 391,869   L   0 0    
    BUILDING 1973-06-01 214,500 214,500 SL 25.000000000000 0 0    
    KITCHEN & DINING ROOM BOILER 1974-06-01 61,530 61,530 SL 25.000000000000 0 0    
    KITCHEN AND DINING ROOM 1975-06-01 688 688 SL 25.000000000000 0 0    
    RED SCHOOL HOUSE 1976-06-01 1,871 1,871 SL 25.000000000000 0 0    
    SWIMMING POOL 1977-06-01 772 772 SL 25.000000000000 0 0    
    TACK ROOM & CORRALS 1978-06-01 6,497 6,497 SL 25.000000000000 0 0    
    TACK ROOM & CORRALS 1979-06-01 4,800 4,800 SL 25.000000000000 0 0    
    FURNITURE 1980-01-15 26,809 26,809 SL 5.000000000000 0 0    
    TRAILER AREA UTILITIES 1980-06-01 1,940 1,940 SL 25.000000000000 0 0    
    ALARM SYSTEM 1980-10-15 1,501 1,501 SL 25.000000000000 0 0    
    CORRALS 1981-06-01 307 307 SL 25.000000000000 0 0    
    FILE ROOM 1981-08-15 4,982 4,982 SL 25.000000000000 0 0    
    NEW SHOP BUILDING 1983-01-15 9,400 9,400 SL 25.000000000000 0 0    
    NEW SHOP BUILDING 1983-01-15 6,707 6,707 SL 25.000000000000 0 0    
    NEW SHOP BUILDING 1983-01-15 1,343 1,343 SL 25.000000000000 0 0    
    REMODEL RED SCHOOL HOUSE 1983-01-15 3,175 3,175 SL 25.000000000000 0 0    
    HEATING & COOLING (REPLACEMENT) 1983-11-15 14,376 14,376 SL 15.000000000000 0 0    
    ARCHES 1983-12-15 19,329 19,329 SL 25.000000000000 0 0    
    TENNIS LIGHTS 1983-12-15 420 420 SL 10.000000000000 0 0    
    ROOF REPAIRS 1984-01-15 4,501 4,501 SL 10.000000000000 0 0    
    ROOF REPAIRS - MIKE'S OFFICE 1984-07-15 995 995 SL 10.000000000000 0 0    
    ROOF REPAIRS - FELICE'S TRAILER 1984-07-15 2,948 2,948 SL 10.000000000000 0 0    
    ROOF REPAIRS - FELICE'S TRAILER 1984-08-15 1,575 1,575 SL 10.000000000000 0 0    
    HOT WATER HEATER 1984-10-15 1,085 1,085 SL 10.000000000000 0 0    
    AIR CONDITIONING - 80'S DORM 1984-10-15 3,656 3,656 SL 10.000000000000 0 0    
    NEW DORMS FURN & FIX 1985-10-18 38,073 38,073 SL 5.000000000000 0 0    
    NEW DORMS 1986-10-15 748,338 748,338 SL 25.000000000000 0 0    
    AIR CONDITIONING & HEATING OLD DORMS 1987-11-15 2,776 2,598 SL 31.500000000000 81 81    
    REFINANCE CLOSING COSTS 1987-12-15 1,205 1,205 SL 5.000000000000 0 0    
    FACULTY HOUSE #1 1988-04-15 63,369 63,363 SL 27.500000000000 0 0    
    FACULTY HOUSE #2 1988-04-15 63,369 63,363 SL 27.500000000000 0 0    
    FACULTY HOUSE #3 1988-04-15 63,369 63,363 SL 27.500000000000 0 0    
    CLASSROOMS 1988-07-15 16,089 15,242 SL 31.500000000000 511 511    
    FURN & FIX - REMODEL ADMIN OFFICES 1992-08-20 6,568 6,568 SL 5.000000000000 0 0    
    FURN & FIX - REMODEL ADMIN OFFICES 1992-09-21 9,270 9,270 SL 5.000000000000 0 0    
    FURN & FIX - REMODEL ADMIN OFFICES 1992-10-22 1,900 1,900 SL 5.000000000000 0 0    
    REMODEL CLASSROOMS 1993-11-15 26,103 16,394 SL 39.000000000000 669 669    
    REMODEL LIBRARY 1993-11-15 4,161 2,619 SL 39.000000000000 107 107    
    REMODEL WINDOWS 1994-05-15 6,000 3,695 SL 39.000000000000 154 154    
    DINING ROOM FANS 1994-07-15 1,196 739 SL 39.000000000000 31 31    
    LOWER DORM WINDOWS 1994-07-15 15,670 9,613 SL 39.000000000000 402 402    
    ALARMS OFFICE/INFIRMARY 1994-08-15 3,264 1,999 SL 39.000000000000 84 84    
    OFFICE/FACULTY APT A/C UNIT 1994-08-15 6,291 3,840 SL 39.000000000000 161 161    
    LOWER DORMS A/C UNIT 1994-09-15 2,985 1,825 SL 39.000000000000 77 77    
    OFFICE REMODEL 1994-09-15 1,617 978 SL 39.000000000000 41 41    
    REPAIR WALK IN FREEZER 1994-10-15 1,388 848 SL 39.000000000000 36 36    
    CIRCUIT BOX UPGRADE 1995-01-15 2,571 1,545 SL 39.000000000000 66 66    
    ROOF REPAIRS 1995-01-15 4,321 2,597 SL 39.000000000000 111 111    
    PLATES TO COVER TUNNELS 1995-02-15 3,973 2,379 SL 39.000000000000 102 102    
    ROOF REPAIRS 1995-05-15 3,820 2,262 SL 39.000000000000 98 98    
    OFFICE REMODEL 1995-05-15 1,340 788 SL 39.000000000000 34 34    
    FURNITURE 1995-10-24 2,029 2,029 SL 5.000000000000 0 0    
    FURNITURE 1995-10-25 1,798 1,798 SL 5.000000000000 0 0    
    FURNITURE 1996-02-26 4,300 4,300 SL 5.000000000000 0 0    
    LOWER DORMS REMODEL 1996-05-15 39,302 22,173 SL 39.000000000000 1,008 1,008    
    USED AIR CONDITIONER 1996-07-31 4,182 4,182 SL 10.000000000000 0 0    
    LIGHT FIXTURES 1996-08-27 3,422 1,912 SL 39.000000000000 88 88    
    DORM FURNITURE 1996-09-30 8,152 8,152 SL 5.000000000000 0 0    
    GAS LINE 1996-09-30 7,043 3,917 SL 39.000000000000 181 181    
    DORM FURNITURE 1996-12-06 1,070 1,070 SL 5.000000000000 0 0    
    NEW ROOF 1997-01-15 2,000 1,107 SL 39.000000000000 51 51    
    DORM FURNITURE 1997-03-03 20,466 20,466 SL 5.000000000000 0 0    
    NEW ROOF 1997-03-20 2,000 1,095 SL 39.000000000000 51 51    
    NEW AIR CONDITIONER 1997-03-31 3,638 3,638 SL 10.000000000000 0 0    
    NEW ROOF 1997-04-09 2,000 1,095 SL 39.000000000000 51 51    
    REMODEL 1997-05-15 89,024 48,129 SL 39.000000000000 2,283 2,283    
    NEW AIR CONDITIONER 1997-06-06 8,500 8,500 SL 10.000000000000 0 0    
    FLOORING 1997-07-22 2,423 2,423 SL 7.000000000000 0 0    
    FLOORING 1997-07-22 6,067 6,067 SL 7.000000000000 0 0    
    WATER SYSTEM 1997-07-25 2,578 2,578 SL 10.000000000000 0 0    
    FLOORING INSTALLATION 1997-08-01 3,621 3,621 SL 7.000000000000 0 0    
    NEW AIR CONDITIONER 1997-08-06 2,796 2,796 SL 10.000000000000 0 0    
    CARPET 1997-08-16 1,346 1,346 SL 7.000000000000 0 0    
    OFFICE FURNITURE 1997-08-18 1,325 1,325 SL 5.000000000000 0 0    
    NEW AIR CONDITIONER 1997-08-21 3,282 3,282 SL 10.000000000000 0 0    
    CARPET 1997-08-25 9,101 9,101 SL 7.000000000000 0 0    
    CARPET 1997-09-02 1,986 1,986 SL 7.000000000000 0 0    
    CARPET 1997-09-15 1,248 1,248 SL 7.000000000000 0 0    
    NEW AIR CONDITIONER 1997-09-15 3,573 3,573 SL 10.000000000000 0 0    
    WATER SYSTEM 1997-09-15 8,901 8,901 SL 10.000000000000 0 0    
    THROPY ROOM FURNITURE 1997-10-07 2,765 2,765 SL 5.000000000000 0 0    
    TENNIS COURT 1997-10-17 4,993 4,885 SL 15.000000000000 0 0    
    OFFICE FURNITURE 1997-10-22 7,073 7,073 SL 5.000000000000 0 0    
    WATER SYSTEM 1997-12-18 3,047 3,047 SL 10.000000000000 0 0    
    DORM FURNITURE 1997-12-19 15,472 15,472 SL 5.000000000000 0 0    
    DORM FURNITURE 1997-12-19 9,772 9,772 SL 5.000000000000 0 0    
    DINING ROOM FURNITURE 1999-05-27 20,132 20,132 SL 5.000000000000 0 0    
    DORM FURNITURE 1999-11-28 17,151 17,151 SL 5.000000000000 0 0    
    CLASSROOMS 2000-04-15 16,518 7,699 SL 39.000000000000 424 424    
    MODULARS 2 2001-01-29 31,000 13,515 SL 39.000000000000 795 795    
    BLDG IMPROVEMENTS 2001-02-01 33,261 14,500 SL 39.000000000000 853 853    
    ART WORK 2001-10-24 1,400 1,400 SL 5.000000000000 0 0    
    CARPET 2001-11-23 3,372 3,372 SL 5.000000000000 0 0    
    DORM/DEVELOPMENT PLANS 2002-06-15 12,842 5,109 SL 39.000000000000 329 329    
    FIRE ALARM SYSTEM 2002-06-15 25,000 9,942 SL 39.000000000000 641 641    
    SPRINKLER 1/2 DOWN 2002-09-15 17,063 6,785 SL 39.000000000000 438 438    
    FIRE ALARM SYSTEM 2002-09-15 55,678 22,130 SL 39.000000000000 1,428 1,428    
    SPRINKLER SYSTEM 2002-09-15 2,902 1,158 SL 39.000000000000 74 74    
    FIRE LINE 2002-11-15 14,052 5,590 SL 39.000000000000 360 360    
    FIRE ALARM COVERS 2002-12-15 4,979 1,981 SL 39.000000000000 128 128    
    SPRINKLER SYSTEM 2002-12-15 4,353 1,732 SL 39.000000000000 112 112    
    FIRE ALARM SYSTEM 2003-01-15 6,186 2,462 SL 39.000000000000 159 159    
    NEW ELECTRIC 2003-02-15 3,403 1,357 SL 39.000000000000 87 87    
    ADDITIONAL TO FIRE ALARM 2003-04-15 11,895 4,728 SL 39.000000000000 305 305    
    KITCHEN COOLER 2003-08-15 11,830 4,478 SL 39.000000000000 303 303    
    DORM FURNITURE 2003-08-25 1,485 1,485 SL 5.000000000000 0 0    
    GARAGE DORM 2004-02-15 14,683 5,401 SL 39.000000000000 376 376    
    DORM FURNITURE 2004-02-16 7,883 7,883 SL 5.000000000000 0 0    
    OUTSIDE LIGHTING 2004-05-15 10,325 3,708 SL 39.000000000000 265 265    
    ELECTRICAL IMPROVEMENTS 2004-07-15 12,690 4,424 SL 39.000000000000 325 325    
    AIRCONDITIONER 2004-07-15 3,358 3,358 SL 10.000000000000 0 0    
    OUTSIDE LIGHTING 2004-09-15 104,441 36,822 SL 39.000000000000 2,678 2,678    
    STORAGE UNIT 2005-03-15 3,083 3,083 SL 10.000000000000 0 0    
    ELECTRICAL IMPROVEMENTS 2005-06-15 4,962 1,657 SL 39.000000000000 127 127    
    ELECTRICAL IMPROVEMENTS 2005-06-15 1,212 408 SL 39.000000000000 31 31    
    AIRCONDITIONER 2005-07-15 2,991 2,991 SL 10.000000000000 0 0    
    AIRCONDITIONER 2005-08-15 1,836 1,836 SL 10.000000000000 0 0    
    LIGHT FIXTURES 2005-11-15 2,047 662 SL 39.000000000000 52 52    
    ELECTRICAL IMPROVEMENTS 2006-03-15 6,814 2,141 SL 39.000000000000 175 175    
    STORAGE UNIT 2006-04-15 1,927 1,927 SL 10.000000000000 0 0    
    STORAGE UNIT 2006-04-15 3,212 3,212 SL 10.000000000000 0 0    
    NEW ROOF - LIBRARY 2006-04-15 3,690 1,152 SL 39.000000000000 95 95    
    HOTWATER HEATER 2006-06-15 3,904 3,904 SL 10.000000000000 0 0    
    AIRCONDITIONING DIRECTOR'S RES 2006-06-15 2,386 2,327 SL 10.000000000000 0 0    
    SIDING CLASSROOMS 1-7 2006-08-15 18,200 5,523 SL 39.000000000000 467 467    
    LAUNDRY FACILITY 2006-09-15 4,579 1,382 SL 39.000000000000 117 117    
    TENNIS COURTS PAVING 2006-12-15 35,470 27,194 SL 15.000000000000 2,365 2,365    
    SHED #23 2007-02-15 2,201 2,201 SL 10.000000000000 0 0    
    HOTWATER HEATER - KITCHEN 2007-03-15 5,685 5,685 SL 10.000000000000 0 0    
    REMODEL GARAGE BATH 2007-03-15 4,574 1,322 SL 39.000000000000 117 117    
    NEW DORM 2007-04-28 71,522 18,491 SL 39.000000000000 1,834 1,834    
    NEW DORM PLANS 2007-05-15 12,587 3,578 SL 39.000000000000 323 323    
    5 TON AIRCONDITIONER ADMIN 2007-05-15 5,995 5,995 SL 10.000000000000 0 0    
    CARPET #23 2007-05-15 1,500 1,500 SL 10.000000000000 0 0    
    GARAGE REMODEL #23 2007-05-15 2,505 714 SL 39.000000000000 64 64    
    GARAGE REMODEL #23 2007-06-26 5,310 1,487 SL 39.000000000000 136 136    
    WELL REPAIR 2007-08-09 5,177 1,439 SL 39.000000000000 133 133    
    ROOF INSTALL #25 2007-08-09 5,669 1,576 SL 39.000000000000 145 145    
    A/C & DUCT WORK 2007-09-18 8,340 2,282 SL 39.000000000000 214 214    
    WATER LINE AT STABLES 2007-09-21 2,472 677 SL 39.000000000000 63 63    
    (5) LAV FAUCETS 2007-12-03 3,793 1,022 SL 39.000000000000 97 97    
    TRANE A/C - D SAFFER 2007-12-06 2,874 2,874 SL 10.000000000000 0 0    
    PCC LIBRARY CARPET 2008-05-29 4,644 4,644 SL 7.000000000000 0 0    
    PPC LIBRARY CARPET 2008-06-03 2,322 2,322 SL 10.000000000000 0 0    
    A/C OFFICE 2008-06-30 2,500 2,480 SL 10.000000000000 20 20    
    A/C LOWER DORMS 2008-07-10 6,105 6,105 SL 10.000000000000 0 0    
    A/C OFFICE 2008-07-22 5,053 5,053 SL 10.000000000000 0 0    
    SAFFER A/C 2008-08-15 3,579 3,490 SL 10.000000000000 60 60    
    ROOFING ENTIRE CAMPUS 2008-09-15 116,072 28,770 SL 39.000000000000 2,976 2,976    
    SEWER REPLACEMENT 2009-02-13 16,134 3,861 SL 39.000000000000 414 414    
    PPC CARPET RMS 14&16 2009-03-27 2,242 2,056 SL 10.000000000000 186 186    
    PPC CARPET CLSRM 2009-04-07 2,242 2,056 SL 10.000000000000 186 186    

    TY 2018 InvestmentsLandSchedule2
    Name:
    THE FENSTER SCHOOL OF SOUTHERN ARIZONA
     
    C/O CORNERSTONE CAPITAL MANAGEMENT LTD
    EIN:
    86-0196442
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 391,869 0 391,869  
    BUILDING 214,500 214,500 0  
    KITCHEN & DINING ROOM BOILER 61,530 61,530 0  
    KITCHEN AND DINING ROOM 688 688 0  
    RED SCHOOL HOUSE 1,871 1,871 0  
    SWIMMING POOL 772 772 0  
    TACK ROOM & CORRALS 6,497 6,497 0  
    TACK ROOM & CORRALS 4,800 4,800 0  
    FURNITURE 26,809 26,809 0  
    TRAILER AREA UTILITIES 1,940 1,940 0  
    ALARM SYSTEM 1,501 1,501 0  
    CORRALS 307 307 0  
    FILE ROOM 4,982 4,982 0  
    NEW SHOP BUILDING 9,400 9,400 0  
    NEW SHOP BUILDING 6,707 6,707 0  
    NEW SHOP BUILDING 1,343 1,343 0  
    REMODEL RED SCHOOL HOUSE 3,175 3,175 0  
    HEATING & COOLING (REPLACEMENT) 14,376 14,376 0  
    ARCHES 19,329 19,329 0  
    TENNIS LIGHTS 420 420 0  
    ROOF REPAIRS 4,501 4,501 0  
    ROOF REPAIRS - MIKE'S OFFICE 995 995 0  
    ROOF REPAIRS - FELICE'S TRAILER 2,948 2,948 0  
    ROOF REPAIRS - FELICE'S TRAILER 1,575 1,575 0  
    HOT WATER HEATER 1,085 1,085 0  
    AIR CONDITIONING - 80'S DORM 3,656 3,656 0  
    NEW DORMS FURN & FIX 38,073 38,073 0  
    NEW DORMS 748,338 748,338 0  
    AIR CONDITIONING & HEATING OLD DORMS 2,776 2,679 97  
    REFINANCE CLOSING COSTS 1,205 1,205 0  
    FACULTY HOUSE #1 63,369 63,363 6  
    FACULTY HOUSE #2 63,369 63,363 6  
    FACULTY HOUSE #3 63,369 63,363 6  
    CLASSROOMS 16,089 15,753 336  
    FURN & FIX - REMODEL ADMIN OFFICES 6,568 6,568 0  
    FURN & FIX - REMODEL ADMIN OFFICES 9,270 9,270 0  
    FURN & FIX - REMODEL ADMIN OFFICES 1,900 1,900 0  
    REMODEL CLASSROOMS 26,103 17,063 9,040  
    REMODEL LIBRARY 4,161 2,726 1,435  
    REMODEL WINDOWS 6,000 3,849 2,151  
    DINING ROOM FANS 1,196 770 426  
    LOWER DORM WINDOWS 15,670 10,015 5,655  
    ALARMS OFFICE/INFIRMARY 3,264 2,083 1,181  
    OFFICE/FACULTY APT A/C UNIT 6,291 4,001 2,290  
    LOWER DORMS A/C UNIT 2,985 1,902 1,083  
    OFFICE REMODEL 1,617 1,019 598  
    REPAIR WALK IN FREEZER 1,388 884 504  
    CIRCUIT BOX UPGRADE 2,571 1,611 960  
    ROOF REPAIRS 4,321 2,708 1,613  
    PLATES TO COVER TUNNELS 3,973 2,481 1,492  
    ROOF REPAIRS 3,820 2,360 1,460  
    OFFICE REMODEL 1,340 822 518  
    FURNITURE 2,029 2,029 0  
    FURNITURE 1,798 1,798 0  
    FURNITURE 4,300 4,300 0  
    LOWER DORMS REMODEL 39,302 23,181 16,121  
    USED AIR CONDITIONER 4,182 4,182 0  
    LIGHT FIXTURES 3,422 2,000 1,422  
    DORM FURNITURE 8,152 8,152 0  
    GAS LINE 7,043 4,098 2,945  
    DORM FURNITURE 1,070 1,070 0  
    NEW ROOF 2,000 1,158 842  
    DORM FURNITURE 20,466 20,466 0  
    NEW ROOF 2,000 1,146 854  
    NEW AIR CONDITIONER 3,638 3,638 0  
    NEW ROOF 2,000 1,146 854  
    REMODEL 89,024 50,412 38,612  
    NEW AIR CONDITIONER 8,500 8,500 0  
    FLOORING 2,423 2,423 0  
    FLOORING 6,067 6,067 0  
    WATER SYSTEM 2,578 2,578 0  
    FLOORING INSTALLATION 3,621 3,621 0  
    NEW AIR CONDITIONER 2,796 2,796 0  
    CARPET 1,346 1,346 0  
    OFFICE FURNITURE 1,325 1,325 0  
    NEW AIR CONDITIONER 3,282 3,282 0  
    CARPET 9,101 9,101 0  
    CARPET 1,986 1,986 0  
    CARPET 1,248 1,248 0  
    NEW AIR CONDITIONER 3,573 3,573 0  
    WATER SYSTEM 8,901 8,901 0  
    THROPY ROOM FURNITURE 2,765 2,765 0  
    TENNIS COURT 4,993 4,885 108  
    OFFICE FURNITURE 7,073 7,073 0  
    WATER SYSTEM 3,047 3,047 0  
    DORM FURNITURE 15,472 15,472 0  
    DORM FURNITURE 9,772 9,772 0  
    DINING ROOM FURNITURE 20,132 20,132 0  
    DORM FURNITURE 17,151 17,151 0  
    CLASSROOMS 16,518 8,123 8,395  
    MODULARS 2 31,000 14,310 16,690  
    BLDG IMPROVEMENTS 33,261 15,353 17,908  
    ART WORK 1,400 1,400 0  
    CARPET 3,372 3,372 0  
    DORM/DEVELOPMENT PLANS 12,842 5,438 7,404  
    FIRE ALARM SYSTEM 25,000 10,583 14,417  
    SPRINKLER 1/2 DOWN 17,063 7,223 9,840  
    FIRE ALARM SYSTEM 55,678 23,558 32,120  
    SPRINKLER SYSTEM 2,902 1,232 1,670  
    FIRE LINE 14,052 5,950 8,102  
    FIRE ALARM COVERS 4,979 2,109 2,870  
    SPRINKLER SYSTEM 4,353 1,844 2,509  
    FIRE ALARM SYSTEM 6,186 2,621 3,565  
    NEW ELECTRIC 3,403 1,444 1,959  
    ADDITIONAL TO FIRE ALARM 11,895 5,033 6,862  
    KITCHEN COOLER 11,830 4,781 7,049  
    DORM FURNITURE 1,485 1,485 0  
    GARAGE DORM 14,683 5,777 8,906  
    DORM FURNITURE 7,883 7,883 0  
    OUTSIDE LIGHTING 10,325 3,973 6,352  
    ELECTRICAL IMPROVEMENTS 12,690 4,749 7,941  
    AIRCONDITIONER 3,358 3,358 0  
    OUTSIDE LIGHTING 104,441 39,500 64,941  
    STORAGE UNIT 3,083 3,083 0  
    ELECTRICAL IMPROVEMENTS 4,962 1,784 3,178  
    ELECTRICAL IMPROVEMENTS 1,212 439 773  
    AIRCONDITIONER 2,991 2,991 0  
    AIRCONDITIONER 1,836 1,836 0  
    LIGHT FIXTURES 2,047 714 1,333  
    ELECTRICAL IMPROVEMENTS 6,814 2,316 4,498  
    STORAGE UNIT 1,927 1,927 0  
    STORAGE UNIT 3,212 3,212 0  
    NEW ROOF - LIBRARY 3,690 1,247 2,443  
    HOTWATER HEATER 3,904 3,904 0  
    AIRCONDITIONING DIRECTOR'S RES 2,386 2,327 59  
    SIDING CLASSROOMS 1-7 18,200 5,990 12,210  
    LAUNDRY FACILITY 4,579 1,499 3,080  
    TENNIS COURTS PAVING 35,470 29,559 5,911  
    SHED #23 2,201 2,201 0  
    HOTWATER HEATER - KITCHEN 5,685 5,685 0  
    REMODEL GARAGE BATH 4,574 1,439 3,135  
    NEW DORM 71,522 20,325 51,197  
    NEW DORM PLANS 12,587 3,901 8,686  
    5 TON AIRCONDITIONER ADMIN 5,995 5,995 0  
    CARPET #23 1,500 1,500 0  
    GARAGE REMODEL #23 2,505 778 1,727  
    GARAGE REMODEL #23 5,310 1,623 3,687  
    WELL REPAIR 5,177 1,572 3,605  
    ROOF INSTALL #25 5,669 1,721 3,948  
    A/C & DUCT WORK 8,340 2,496 5,844  
    WATER LINE AT STABLES 2,472 740 1,732  
    (5) LAV FAUCETS 3,793 1,119 2,674  
    TRANE A/C - D SAFFER 2,874 2,874 0  
    PCC LIBRARY CARPET 4,644 4,644 0  
    PPC LIBRARY CARPET 2,322 2,322 0  
    A/C OFFICE 2,500 2,500 0  
    A/C LOWER DORMS 6,105 6,105 0  
    A/C OFFICE 5,053 5,053 0  
    SAFFER A/C 3,579 3,550 29  
    ROOFING ENTIRE CAMPUS 116,072 31,746 84,326  
    SEWER REPLACEMENT 16,134 4,275 11,859  
    PPC CARPET RMS 14&16 2,242 2,242 0  
    PPC CARPET CLSRM 2,242 2,242 0  
    LOAN FEES 3,877 3,877 0  
    LOAN FEES 11,526 11,526 0  
    SABINO RECOVERY LEASE 65,000 24,906 40,094  
    SABINO RECOVERY LEASE (JULY 2017) 30,657 6,745 23,912  

    TY 2018 LegalFeesSchedule
    Name:
    THE FENSTER SCHOOL OF SOUTHERN ARIZONA
     
    C/O CORNERSTONE CAPITAL MANAGEMENT LTD
    EIN:
    86-0196442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 3,420 0   3,420


    TY 2018 OtherExpensesSchedule
    Name:
    THE FENSTER SCHOOL OF SOUTHERN ARIZONA
     
    C/O CORNERSTONE CAPITAL MANAGEMENT LTD
    EIN:
    86-0196442
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS 254 254   0
    UTILITIES 10,343 10,343   0
    INSURANCE 6,071 6,071   0
    AMORTIZATION 10,969 10,969   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE FENSTER SCHOOL OF SOUTHERN ARIZONA
     
    C/O CORNERSTONE CAPITAL MANAGEMENT LTD
    EIN:
    86-0196442
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SETTLEMENT PAYMENT 97 97 97


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE FENSTER SCHOOL OF SOUTHERN ARIZONA
     
    C/O CORNERSTONE CAPITAL MANAGEMENT LTD
    EIN:
    86-0196442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 5,900 0   5,900


    TY 2018 TaxesSchedule
    Name:
    THE FENSTER SCHOOL OF SOUTHERN ARIZONA
     
    C/O CORNERSTONE CAPITAL MANAGEMENT LTD
    EIN:
    86-0196442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 15,142 15,142   0