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 08-01-2018 , and ending 07-31-2019
Name of foundation
THE PERSISTENCE FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 11
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EAGLE BRIDGE, NY12057
A Employer identification number

14-1797449
B Telephone number (see instructions)

(518) 944-4414
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$3,572,454J Accounting method:
MODIFIED CASH
(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) 207,647
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,801 1,801 1,801
5a Gross rents............ 30,700 30,700 30,700
b Net rental income or (loss) -72,395
6a Net gain or (loss) from sale of assets not on line 10 6,226
b Gross sales price for all assets on line 6a 20,107
7 Capital gain net income (from Part IV, line 2)... 6,226
8 Net short-term capital gain......... 6,226
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 3,173 0 3,173
12 Total. Add lines 1 through 11........ 249,547 38,727 41,900
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 54,648 24,068 24,068 30,580
15 Pension plans, employee benefits....... 4,588 2,021 2,021 2,567
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 15,985 1,440 1,440 14,545
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 657 250 250 407
19 Depreciation (attach schedule) and depletion... Click to see attachment 44,001 24,484 24,484
20 Occupancy.............. 6,501 3,000 3,000 3,501
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 80,628 47,832 47,832 32,796
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 207,008 103,095 103,095 84,396
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 207,008 103,095 103,095 84,396
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 42,539
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 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............. 76,237 24,564 24,564
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 49,784 Click to see attachment156,617 198,376
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet1,011,424
Less: accumulated depreciation (attach schedule) bullet443,578 591,027 Click to see attachment567,846 567,846
15 Other assets (describe bullet) Click to see attachment2,781,668 Click to see attachment2,781,668 Click to see attachment2,781,668
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,498,716 3,530,695 3,572,454
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment256,406 Click to see attachment245,846
23 Total liabilities (add lines 17 through 22)......... 256,406 245,846
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.................. 3,242,310 3,284,849
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 3,242,310 3,284,849
31 Total liabilities and net assets/fund balances (see instructions). 3,498,716 3,530,695
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
3,242,310
2
Enter amount from Part I, line 27a .....................
2
42,539
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,284,849
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
3,284,849
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 CARMAX INC   2018-12-21 2019-07-25
b CDW CORP   2018-12-21 2019-07-25
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,094   6,853 3,241
b 10,013   7,028 2,985
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       3,241
b       2,985
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 6,226
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 6,226
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 102,494 131,730 0.778061
2016 115,551 87,855 1.315247
2015 116,411 32,908 3.537468
2014 166,501 45,483 3.660730
2013 213,125 73,749 2.889870
2
Total of line 1, column (d) .....................
2
12.181376
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
2.436275
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
200,814
5
Multiply line 4 by line 3......................
5
489,238
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
0
7
Add lines 5 and 6........................
7
489,238
8
Enter qualifying distributions from Part XII, line 4,.............
8
106,243
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 0
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 0
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 0
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 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletNY
    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 addressbulletPERSISTENCEFOUNDATION.ORG
    14
    The books are in care ofbulletCONSTANCE KHEEL Telephone no.bullet (518) 944-4414

    Located atbulletPO BOX 11EAGLE BRIDGENY ZIP+4bullet12057
    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
    CONSTANCE KHEEL PRESIDENT
    30.00     		0 0 0
    JOSLIN LANE
    BUSKIRK,NY12028
    CONNIE MADIGAN TREASURER
    0.50     		0 0 0
    412 DEEPKILL ROAD
    TROY,NY12182
    ELIZABETH FRANK SECRETARY
    0.50     		0 0 0
    30 WEST 13TH ST APT 4D
    NEW YORK,NY10011
    SUSAN CRILE VICE PRESIDENT
    0.50     		0 0 0
    168 W 86TH ST APT 6B
    NEW YORK,NY10024
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet 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
     
    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 PRESERVATION & RESTORATION OF HISTORIC BARNS & LANDSCAPE 84,396
    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 LAND IMPROVEMENT 13,247
    2 LAWN MOWER 8,600
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet21,847
    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
    136,889
    b
    Average of monthly cash balances.......................
    1b
    66,983
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    203,872
    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
    203,872
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    3,058
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    200,814
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    10,041
    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
    84,396
    b
    Program-related investments—total from Part IX-B..................
    1b
    21,847
    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
    106,243
    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
    106,243
    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
    2001-12-31
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
    0 0 0 0 0
    b 85% of line 2a ......... 0 0 0 0 0
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		106,243 102,494 115,551 116,411 440,699
    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 ....     		106,243 102,494 115,551 116,411 440,699
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 3,530,695 3,498,716 3,482,253 3,480,344 13,992,008
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 3,349,514 3,372,695 3,407,817 3,452,808 13,582,834
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		        0
    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).)
    CONSTANCE KHEEL
    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 ...........     		         
    4 Dividends and interest from securities....         1,801
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -72,395  
    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 6,226  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRENTAL INCOME - NONINVESTMENT     		        700
    bUNRELATED BUSINESS INCOME 900099 2,470      
    cOTHER INCOME         3
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 2,470 -66,169 2,504
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -61,195
    (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.)
    11A PROPERTY WAS RENTED TO AN AGRICULTURAL ENTERPRISE WHICH FARMING OPERATIONS WILL BE PERFORMED ENSURING THAT AGRICULTURAL LAND BE PRESERVED AS WORKING FARMLAND
    11C REFUND OF EXPENSE
    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
    THE PERSISTENCE FOUNDATION INC
     
    Employer identification number

    14-1797449
    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
    THE PERSISTENCE FOUNDATION INC
          		Employer identification number
    14-1797449
    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
    CONSTANCE KHEEL  
    32 JOSLIN LANE
     
    BUSKIRK, NY12028

    		$ 207,549


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    THE PERSISTENCE FOUNDATION INC
          		Employer identification number

    14-1797449
    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
    1
    		 PUBLICLY TRADED SECURITIES $ 120,049 2018-12-21
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    THE PERSISTENCE FOUNDATION INC
          		Employer identification number

    14-1797449
    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:  

    TY 2018 AccountingFeesSchedule
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 14,545 0 0 14,545
    LEGAL AND ACCOUNTING 1,440 1,440 1,440 0

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

    TY 2018 AmortizationSchedule
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    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
    WEBSITE 2016-05-01 4,110 3,083 36.000000000000 1,027 1,027 1,027 4,110

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

    TY 2018 DepreciationSchedule
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    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
    FLAT FILE STORAGE 2003-01-01 3,000 3,000 SL 10.000000000000 0 0 0  
    PRESSURE WASHER 2003-05-07 5,500 5,500 SL 10.000000000000 0 0 0  
    NEW ROOF ON COONS BARN 2014-07-02 4,660   VAR 0 % 0 0 0  
    LAWN TRACTOR WITH TRAILER 2008-08-01 6,951 6,951 SL 10.000000000000 0 0 0  
    WEED WACKER 2009-02-11 725 725 SL 10.000000000000 0 0 0  
    LI-COONS BARN 2008-08-01 14,339 9,081 SL 15.000000000000 956 0 956  
    LI-NIPMOOSE 2008-08-01 33,993 21,531 SL 15.000000000000 2,266 0 2,266  
    POWER LINES-COONS 2005-04-01 7,023   VAR 0 % 0 0 0  
    POND - COONS 2005-04-30 162,002   VAR 0 % 0 0 0  
    DRY WELL 2008-10-01 1,578 394 SL 39.000000000000 40 0 40  
    RADIATOR, ANTIFREEZE,HEAT 2009-01-01 1,888 460 SL 39.000000000000 48 0 48  
    1700'S TABLE 2007-04-19 1,320   VAR 0 % 0 0 0  
    LAND IMPROVEMENTS-NON-DEP 2006-08-01 659,298   VAR 0 % 0 0 0  
    CORN CRIB 2007-08-01 53,626   VAR 0 % 0 0 0  
    NIPMOOSE HOUSE 2007-08-01 178,478   VAR 0 % 0 0 0  
    GERMAN BARN 2008-07-31 695,084   VAR 0 % 0 0 0  
    SCOTTISH BARN 2007-08-01 629,465   VAR 0 % 0 0 0  
    COONS HOUSE 2007-08-01 144,495   VAR 0 % 0 0 0  
    COONS BARN 2007-08-01 224,326   VAR 0 % 0 0 0  
    BLUE STONE BENCH 2010-04-15 1,250 1,125 SL 10.000000000000 125 0 125  
    LI - GRAVEL, DRAINAGE 2011-07-01 13,767 6,541 SL 15.000000000000 918 0 918  
    GOLF CART 2010-09-28 2,400 1,890 SL 10.000000000000 240 0 240  
    TREES 2012-05-22 6,600 4,043 SL 10.000000000000 660 0 660  
    GENERATOR 2012-04-04 954 608 SL 10.000000000000 95 0 95  
    STAGELIGHT 2011-08-01 1,151 792 SL 10.000000000000 115 0 115  
    HEATER FOR GERMAN BARN 2013-03-15 2,807 1,509 SL 10.000000000000 281 0 281  
    FURNITURE 2002-08-01 700 700 SL 10.000000000000 0 0 0  
    TREES 2014-05-16 16,164 6,668 SL 10.000000000000 1,616 0 1,616  
    DRAIN TILE 2014-07-09 4,174 1,147 SL 15.000000000000 278 0 278  
    LI: ROADS & GRADING 2007-08-01 38,402 26,885 SL 15.000000000000 2,560 2,560 2,560  
    BATHROOMS; SHOP 2008-07-31 28,325 7,291 SL 39.000000000000 726 726 726  
    6-10 BENCHES 2009-08-01 2,029 1,827 SL 10.000000000000 202 202 202  
    VARIOUS IMPROVEMENTS 2010-06-21 11,203 2,333 SL 39.000000000000 287 287 287  
    LI - LIGHTS, STONEWORK 2009-08-01 5,889 3,338 SL 15.000000000000 393 393 393  
    LI - CONDUITS,LIGHTING 2011-07-07 2,988 1,419 SL 15.000000000000 199 199 199  
    LI - GRAVEL, DRAINAGE 2011-07-01 13,768 6,540 SL 15.000000000000 918 918 918  
    SHOP; WATER SYSTEM 2011-06-27 5,968 1,090 SL 39.000000000000 153 153 153  
    SHOP; ELECTRICAL IMP 2011-07-07 8,007 1,446 SL 39.000000000000 205 205 205  
    PARKING LOT EXPANSION 2012-05-15 12,058 4,923 SL 15.000000000000 804 804 804  
    IRRIGATION SYSTEM 2011-09-20 3,237 1,484 SL 15.000000000000 216 216 216  
    GENERATOR 2012-04-04 318 203 SL 10.000000000000 32 32 32  
    ELECTRICAL WORK-BATHROOM 2012-06-13 1,344 210 SL 39.000000000000 34 34 34  
    WATER TANK AND SINK 2012-09-04 1,900 287 SL 39.000000000000 49 49 49  
    FIELD DRAINAGE 2013-05-15 12,039 4,112 SL 15.000000000000 803 803 803  
    FIELD DRAINAGE 2014-07-28 17,385 4,781 SL 15.000000000000 1,159 1,159 1,159  
    SEPTIC HOLDING TANKS 2014-05-19 2,957 813 SL 15.000000000000 197 197 197  
    HANDICAP BATHROOM INSTALLED 2014-07-09 10,538 1,092 SL 39.000000000000 270 270 270  
    PUMP, TANKS & UPGRADES 2014-07-09 18,774 1,946 SL 39.000000000000 481 481 481  
    NEW ROOF ON WORKSHOP BARN 2014-05-31 4,660 503 SL 39.000000000000 119 119 119  
    ELECTRICAL IMPROVEMENTS 2014-07-09 2,000   VAR 0 % 0 0 0  
    FIELD DRAINAGE 2015-02-01 23,543   SL 15.000000000000 1,234 1,234 1,234  
    COMPRESSOR 2005-05-10 1,750 1,750 SL 10.000000000000 0 0 0  
    LI: PARKING LOT; PLANTING 2007-08-01 153,368 107,380 SL 15.000000000000 10,225 10,225 10,225  
    SHOP 2007-08-01 125,520 35,271 SL 39.000000000000 3,218 3,218 3,218  
    FIELD DRAINAGE 2015-02-01 23,543   SL 15.000000000000 1,234 0 1,234  
    LI - DRAINAGE, POND 2016-03-16 18,190 3,032 SL 15.000000000000 1,213 0 1,213  
    BOX TRAILER 2005-04-26 4,600 4,600 SL 10.000000000000 0 0 0  
    COMPRESSOR 2005-05-10 1,750 1,750 SL 10.000000000000 0 0 0  
    HEATER 2005-07-05 5,000 5,000 SL 10.000000000000 0 0 0  
    BLACK TRAILER 2005-02-28 6,400 6,400 SL 10.000000000000 0 0 0  
    OPEN BLUE TRAILER 2005-03-01 3,900 3,900 SL 10.000000000000 0 0 0  
    DRAINAGE-NIPMOOSE 2007-08-01 31,549 22,087 SL 15.000000000000 2,103 0 2,103  
    2 TRAILERS (900 COST/TRA) 2004-11-04 1,800 1,800 SL 10.000000000000 0 0 0  
    LI: GRAVEL AND DITCHING 2007-08-01 50,643 35,457 SL 15.000000000000 3,376 0 3,376  
    FIELD DRAINAGE 2013-05-15 12,040 4,113 SL 15.000000000000 803 0 803  
    CRAB APPLE TREES 2012-09-15 4,760 2,797 SL 10.000000000000 476 0 476  
    FIELD DRAINAGE 2014-07-28 17,385 4,781 SL 15.000000000000 1,159 0 1,159  
    DRAINAGE PROJECT 2018-07-14 9,651 80 SL 15.000000000000 643 0 643  
    WATER LINES AND WELL 2019-04-02 13,247   SL 15.000000000000 442 0 294  
    LAWN MOWER 2019-05-16 8,600   SL 10.000000000000 430 0 143  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    Name of Stock End of Year Book Value End of Year Fair Market Value
      156,617 198,376

    TY 2018 LandEtcSchedule2
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FLAT FILE STORAGE 3,000 3,000 0  
    PRESSURE WASHER 5,500 5,500 0  
    NEW ROOF ON COONS BARN 4,660 0 4,660  
    LAWN TRACTOR WITH TRAILER 6,951 6,951 0  
    WEED WACKER 725 725 0  
    LI-COONS BARN 14,339 10,037 4,302  
    LI-NIPMOOSE 33,993 23,797 10,196  
    POWER LINES-COONS 7,023 0 7,023  
    POND - COONS 162,002 0 162,002  
    DRY WELL 1,578 434 1,144  
    RADIATOR, ANTIFREEZE,HEAT 1,888 508 1,380  
    1700'S TABLE 1,320 0 1,320  
    LAND IMPROVEMENTS-NON-DEP 659,298 0 659,298  
    CORN CRIB 53,626 0 53,626  
    NIPMOOSE HOUSE 178,478 0 178,478  
    GERMAN BARN 695,084 0 695,084  
    SCOTTISH BARN 629,465 0 629,465  
    COONS HOUSE 144,495 0 144,495  
    COONS BARN 224,326 0 224,326  
    BLUE STONE BENCH 1,250 1,250 0  
    LI - GRAVEL, DRAINAGE 13,767 7,459 6,308  
    GOLF CART 2,400 2,130 270  
    TREES 6,600 4,703 1,897  
    GENERATOR 954 703 251  
    STAGELIGHT 1,151 907 244  
    HEATER FOR GERMAN BARN 2,807 1,790 1,017  
    FURNITURE 700 700 0  
    TREES 16,164 8,284 7,880  
    DRAIN TILE 4,174 1,425 2,749  
    FIELD DRAINAGE 23,543 1,234 22,309  
    LI - DRAINAGE, POND 18,190 4,245 13,945  
    BOX TRAILER 4,600 4,600 0  
    COMPRESSOR 1,750 1,750 0  
    HEATER 5,000 5,000 0  
    BLACK TRAILER 6,400 6,400 0  
    OPEN BLUE TRAILER 3,900 3,900 0  
    DRAINAGE-NIPMOOSE 31,549 24,190 7,359  
    2 TRAILERS (900 COST/TRA) 1,800 1,800 0  
    LI: GRAVEL AND DITCHING 50,643 38,833 11,810  
    FIELD DRAINAGE 12,040 4,916 7,124  
    CRAB APPLE TREES 4,760 3,273 1,487  
    FIELD DRAINAGE 17,385 5,940 11,445  
    DRAINAGE PROJECT 9,651 723 8,928  
    WATER LINES AND WELL 13,247 442 12,805  
    LAWN MOWER 8,600 430 8,170  


    TY 2018 OtherAssetsSchedule
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BUILDING MATERIALS INVENTORY 22,058 22,058 22,058
    LAND AND HISTORIC STRUCTURES 2,759,610 2,759,610 2,759,610


    TY 2018 OtherExpensesSchedule
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK SERVICE FEES 50 0 0 50
    INSURANCE 5,354 0 0 5,354
    REPAIR & MAINTENANCE 24,610 0 0 24,610
    MISCELLANEOUS 1,278 0 0 1,278
    OFFICE SUPPLIES 57 0 0 57
    CONSULTING 1,447 0 0 1,447
    ADVERTISING 18,231 18,231 18,231 0
    INSURANCE 2,000 2,000 2,000 0
    OFFICE SUPPLIES 222 222 222 0
    WEBSITE 1,123 1,123 1,123 0
    REPAIR & MAINTENANCE 24,610 24,610 24,610 0
    RENTAL COORDINATOR 418 418 418 0
    RENTAL EXPENSE 201 201 201 0
    AMORTIZATION 1,027 1,027 1,027 0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RENTAL INCOME - NONINVESTMENT 700   700
    UNRELATED BUSINESS INCOME 2,470   2,470
    OTHER INCOME 3   3


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    Description Beginning of Year - Book Value End of Year - Book Value
    LOAN PAYABLE 255,100 244,600
    PAYROLL WITHHOLDINGS 1,282 1,216
    SALES TAX PAYABLE 24 30


    TY 2018 TaxesSchedule
    Name:
    THE PERSISTENCE FOUNDATION INC
    EIN:
    14-1797449
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER FEES 407 0 0 407
    OTHER FEES 250 250 250 0