-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
12-01-2019
, and ending
11-30-2020
Name of foundation
OLDS FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)
P O BOX 142
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ARKADELPHIA
,
AR
71923
A Employer identification number
71-0747091
B
Telephone number (see instructions)
(870) 342-5191
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
17,713,628
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
1,035
1,035
4
Dividends and interest from securities
...
212,090
212,090
5a
Gross rents
............
12,673
12,673
b
Net rental income or (loss)
12,673
6a
Net gain or (loss) from sale of assets not on line 10
314,132
b
Gross sales price for all assets on line 6a
3,366,026
7
Capital gain net income (from Part IV, line 2)
...
312,556
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)
.......
2,247
2,247
12
Total.
Add lines 1 through 11
........
542,177
540,601
13
Compensation of officers, directors, trustees, etc.
140,437
91,284
49,153
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
6,800
4,420
2,380
c
Other professional fees (attach schedule)
....
17
Interest
...............
675
0
0
18
Taxes (attach schedule) (see instructions)
...
17,751
5,923
11,821
19
Depreciation (attach schedule) and depletion
...
10,012
0
20
Occupancy
..............
8,700
0
8,700
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
76,493
68,738
7,220
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
260,868
170,365
79,274
25
Contributions, gifts, grants paid
.......
274,344
274,344
26
Total expenses and disbursements.
Add lines 24 and 25
535,212
170,365
353,618
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
6,965
b
Net investment income
(if negative, enter -0-)
370,236
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
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
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
344,241
736,516
736,516
3
Accounts receivable
172,635
Less: allowance for doubtful accounts
172,635
172,635
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
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)
.......
2,238,469
2,443,635
3,818,359
c
Investments—corporate bonds (attach schedule)
.......
725,117
501,773
318,487
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
3,118,947
2,569,866
2,914,205
14
Land, buildings, and equipment: basis
112,034
Less: accumulated depreciation (attach schedule)
32,608
70,169
79,426
79,426
15
Other assets (describe
)
8,666,335
8,666,335
9,674,000
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
15,163,278
15,170,186
17,713,628
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
9,707,103
9,707,103
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
5,456,175
5,463,083
29
Total net assets or fund balances
(see instructions)
.....
15,163,278
15,170,186
30
Total liabilities and net assets/fund balances
(see instructions)
.
15,163,278
15,170,186
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 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
15,163,278
2
Enter amount from Part I, line 27a
.....................
2
6,965
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
15,170,243
5
Decreases not included in line 2 (itemize)
5
57
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
15,170,186
Form
990-PF
(2019)
Form 990-PF (2019)
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
250 SHS VALERO ENERGY CORP
P
2019-05-10
2019-12-01
b
500 SHS DELUXE CORP
P
2011-11-08
2019-12-03
c
225 SHS MERCK & CO, INC.
P
2011-11-08
2019-12-27
d
1,180 SHS WALGREENS BOOTS ALLI
P
2015-11-10
2019-12-27
e
1,540 SHS DELUXE CORP
P
2011-11-08
2019-12-27
1,535 SHS BRITISH AMERN TOB PLC SPONSORED
P
2017-07-25
2020-01-14
100 SHS LOCKHEED MARTIN CORP
P
2011-11-08
2020-01-17
65 SHS LOCKHEED MARTIN CORP
P
2011-11-08
2020-01-13
35 SHS LOCKHEED MARTIN CORP
P
2011-11-08
2020-01-06
275 SHS VALERO ENERGY CORP
P
2019-06-10
2020-02-04
750 SHS VALERO ENERGY CORP
P
2019-05-10
2020-02-04
200 SHS APOLLO GLOBAL MGMT INC
P
2019-07-11
2020-06-05
4,150 SHS ARES CAPITAL CORP
P
2012-07-27
2020-06-16
100,000 AT&T, INC.
P
2012-03-06
2020-07-23
200 SHS BLACKSTONE GROUP, INC.
P
2017-12-19
2020-06-05
28.50 SHS CAPITAL INCOME BUILDER
P
2020-06-16
2020-07-01
32.79 SHS CAPITAL INCOME BUILDER
P
2020-03-17
2020-07-01
29.32 SHS CAPITAL INCOME BUILDER
P
2019-12-23
2020-07-01
27.46 SHS CAPITAL INCOME BUILDER
P
2019-12-23
2020-07-01
25.86 SHS CAPITAL INCOME BUILDER
P
2019-09-12
2020-07-01
25.54 SHS CAPITAL INCOME BUILDER
P
2019-06-13
2020-07-01
25.75 SHS CAPITAL INCOME BUILDER
P
2019-03-14
2020-07-01
27.43 SHS CAPITAL INCOME BUILDER
P
2018-12-24
2020-07-01
7.05 SHS CAPITAL INCOME BUILDER
P
2018-12-24
2020-07-01
25.13 SHS CAPITAL INCOME BUILDER
P
2018-09-13
2020-07-01
24.60 SHS CAPITAL INCOME BUILDER
P
2018-06-14
2020-07-01
23.92 SHS CAPITAL INCOME BUILDER
P
2018-03-15
2020-07-01
2,712.30 SHS CAPITAL INCOME BUILDERS
P
2018-03-06
2020-07-01
2,053 SHS CISCO SYS, INC.
P
2018-03-02
2020-04-28
2,120 SHS DOUGLAS DYNAMICS, INC.
P
2011-11-08
2020-11-09
700 SHS DOUGLAS DYNAMICS, INC.
P
2011-11-08
2020-10-27
90,000 EBAY, INC. FIXED RT NT 3.250%
P
2012-03-06
2020-07-23
100,000 ENTERGY CORP NEW NOTE CALL
P
2014-12-08
2020-06-19
110,000 HILLSHIRE BRANDS CO NOTE CALL
P
2012-04-03
2020-09-15
1,700 SHS INTEL CORP
P
2014-12-08
2020-11-27
710 SHS INTERNATIONAL PAPER CO
P
2014-12-08
2020-11-24
1,490 SHS INTERNATIONAL PAPER CO
P
2011-11-08
2020-11-24
200 SHS INTERNATIONAL PAPER CO
P
2011-11-08
2020-11-19
50 SHS LOCKHEED MARTIN CORP
P
2011-11-08
2020-11-19
1,965 SHS METLIFE, INC.
P
2018-03-02
2020-11-30
3,000 SHS MGM RESORTS INTERNATIONAL
P
2020-08-24
2020-11-16
900 SHS NIKE, INC.
P
2017-01-19
2020-11-19
100 SHS PELOTON INTERACTIVE, INC.
P
2020-09-04
2020-10-27
1,275 SHS PRUDENTIAL FINL, INC.
P
2012-09-17
2020-11-09
555 SHS RAYTHEON TECHNOLOGIES CORP
P
2020-04-28
2020-11-23
69.40 SHS THE INCOME FUND OF AMERICA
P
2020-09-15
2020-11-11
71.95 SHS THE INCOME FUND OF AMERICA
P
2020-06-16
2020-11-11
83.05 SHS THE INCOME FUND OF AMERICA
P
2020-03-17
2020-11-11
92.93 SHS THE INCOME FUND OF AMERICA
P
2019-12-18
2020-11-11
175.09 SHS THE INCOME FUND OF AMERICA
P
2019-12-18
2020-11-11
63.80 SHS THE INCOME FUND OF AMERICA
P
2019-09-12
2020-11-11
63.84 SHS THE INCOME FUND OF AMERICA
P
2019-06-13
2020-11-11
64.23 SHS THE INCOME FUND OF AMERICA
P
2019-03-14
2020-11-11
316.77 SHS THE INCOME FUND OF AMERICA
P
2018-12-19
2020-11-11
11.49 SHS THE INCOME FUND OF AMERICA
P
2018-12-19
2020-11-11
64.74 SHS THE INCOME FUND OF AMERICA
P
2018-12-19
2020-11-11
57.81 SHS THE INCOME FUND OF AMERICA
P
2018-09-13
2020-11-11
57.37 SHS THE INCOME FUND OF AMERICA
P
2018-06-14
2020-11-11
56.86 SHS THE INCOME FUND OF AMERICA64.74 SHS THE INCOME FUND OF AMERICA
P
2018-03-15
2020-11-11
7,257.02 SHS THE INCOME FUND OF AMERICA
P
2018-03-06
2020-11-11
2,500 SHS TRINSEO S A
P
2020-10-27
2020-11-09
16.47 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2020-09-29
2020-11-18
17.81 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2020-06-29
2020-11-18
19.7 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2020-03-23
2020-11-18
17.21 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2019-12-18
2020-11-18
36.69 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2019-12-18
2020-11-18
.35 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2019-12-18
2020-11-18
13.51 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2019-09-16
2020-11-18
12.98 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2019-06-17
2020-11-18
13.86 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2019-03-21
2020-11-18
18.26 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2018-12-19
2020-11-18
145.74 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2018-12-19
2020-11-18
12.52 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2018-09-24
2020-11-18
12.91 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2018-06-18
2020-11-18
9.29 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2018-03-16
2020-11-18
1,872.59 SHS VANGUARD EQUITY INCOME ADMIRAL
P
2018-03-06
2020-11-18
75 SHS VANGUARD INDEX FDS TOTAL
P
2020-01-27
2020-08-04
135 SHS VANGUARD INDEX FDS TOTAL
P
2019-08-08
2020-08-04
160 SHS VANGUARD INDEX FDS TOTAL
P
2019-08-01
2020-08-04
475 SHS VANGUARD INDEX FDS TOTAL
P
2019-04-17
2020-08-04
198.53 SHS VIATRIS, INC.
P
2020-06-25
2020-11-19
800 SHS WEYERHAEUSER
P
2019-12-27
2020-06-25
900 SHS WEYERHAEUSER
P
2019-11-27
2020-06-25
1,600 SHS WEYERHAEUSER
P
2019-11-27
2020-05-19
7.056 SHS AB SMALL CAP GRW ADV
P
2020-03-13
2020-04-22
43.977 SHS AMERICAN INFL LNKD BD
P
2019-12-18
2020-03-06
221.267 SHS BLACKROCK HI YIELD
P
2020-01-01
2020-03-06
191.056 SHS FEDERATED KAUFMAN
P
2019-12-05
2020-04-15
16.543 SHS FULLER & THALER BHV SMCO
P
2020-03-13
2020-04-22
1,167 SHS ISHARES BARCLAYS 1-3 YR
P
2020-01-01
2020-11-02
29 SHS ISHARES CORE S&P 500
P
2019-06-28
2020-04-22
445 SHS ISHARES CORE US AGGREGATE
P
2020-01-01
2020-03-04
12 SHS ISHARES MACI ACWL
P
2019-04-10
2020-04-09
64.768 SHS INV EMERGING MARKETS EQUITY
P
2019-12-12
2020-04-15
20.271 SHS JOHN HANCOCK DISC VAL
P
2020-03-13
2020-04-22
33.48 SHS JOHN HANCOCK INTL GROWTH
P
2020-01-01
2020-04-15
98.059 SHS LORD ABBETT HIGH YIELD
P
2020-01-01
2020-03-06
170.356 SHS MFA INTL DIVERSIFICATION
P
2020-01-01
2020-04-09
18.066 SHS MFS MID CAP VALUE
P
2020-03-13
2020-04-22
77.354 SHS MFS VALUE
P
2020-03-13
2020-04-22
18.907 SHS PRINCIPAL MIDCAP INSTL
P
2020-01-01
2020-04-22
7,595 SHS PROSHARES TR
P
2020-01-01
2020-11-04
10.945 SHS TROWE PRICE
P
2020-03-13
2020-04-22
94.432 SHS TROWE PRICE VALUE FUND
P
2020-03-13
2020-04-22
918 SHS VANGUARD TOTAL BOND MARKET
P
2020-01-01
2020-03-04
1,072.391 SHS ALGER SPECTRA Z
P
2018-09-12
2020-04-22
3,632.184 SHS AMERICAN INFL LNKD BD
P
2020-01-01
2020-03-06
3,768.658 SHS BLACKROCK HI YIELD BD
P
2018-01-01
2020-03-06
741.385 SHS FEDERATED KAUFMAN LG CP
P
2018-09-12
2020-04-22
51 SHS GOLDMAN SACHS ACCESS
P
2019-02-08
2020-03-13
1,180 SHS ISHARES BARCLAYS 1-3 YR
P
2019-02-08
2020-11-02
34 SHS ISHARES MSCI ACWL
P
2019-04-10
2020-04-22
517 SHS IVY EMERGING MARKETS EQUITY
P
2018-01-01
2020-04-22
467.689 SHS JOHN HANCOCK INTL GROWTH
P
2018-09-12
2020-04-22
1,709.867 SHS LORD ABBETT HIGH YIELD
P
2018-01-01
2020-03-06
524.642 SHS MFS INTL DIVERSIFICATION
P
2018-09-12
2020-04-22
.076 SHS VIATRIS INC. - CIL
P
2007-04-12
2020-11-17
CAPITAL GAINS DIVIDENDS
P
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
24,299
20,688
3,611
b
24,997
12,287
12,710
c
20,577
7,824
12,753
d
69,102
100,212
-31,110
e
77,246
37,845
39,401
69,356
106,300
-36,944
42,610
7,891
34,719
27,240
5,129
22,111
14,430
2,762
11,668
22,356
20,944
1,412
60,972
62,063
-1,091
10,795
7,168
3,627
63,016
70,152
-7,136
104,121
100,283
3,838
12,012
6,305
5,707
1,644
1,753
-109
1,891
1,631
260
1,691
1,850
-159
1,584
1,732
-148
1,491
1,582
-91
1,473
1,545
-72
1,485
1,537
-52
1,582
1,517
65
407
390
17
1,449
1,503
-54
1,419
1,487
-68
1,380
1,476
-96
156,540
168,000
-11,460
88,101
89,285
-1,184
81,868
32,125
49,743
24,663
10,607
14,056
90,000
90,134
-134
100,000
100,139
-139
110,000
110,000
0
81,289
64,101
17,188
36,490
39,482
-2,992
76,577
43,548
33,029
9,800
5,845
3,955
18,822
3,945
14,877
91,346
89,523
1,823
78,948
66,465
12,483
108,678
48,534
60,144
12,145
7,435
4,710
89,376
75,372
14,004
39,843
36,386
3,457
1,591
1,537
54
1,650
1,512
138
1,904
1,515
389
2,131
2,142
-11
4,015
4,036
-21
1,463
1,451
12
1,464
1,418
46
1,473
1,408
65
7,263
6,554
709
263
238
25
1,484
1,339
145
1,326
1,332
-6
1,315
1,319
-4
1,304
1,308
-4
166,403
168,000
-1,597
95,183
82,235
12,948
1,263
1,164
99
1,366
1,174
192
1,511
1,067
444
1,320
1,355
-35
2,814
2,889
-75
27
27
0
1,036
1,036
0
995
965
30
1,063
1,014
49
1,401
1,225
176
11,177
9,779
1,398
960
1,013
-53
990
996
-6
713
718
-5
143,609
145,000
-1,391
12,522
12,364
158
22,540
20,038
2,502
26,714
24,109
2,605
79,307
70,302
9,005
3,508
2,688
820
17,460
23,957
-6,497
19,642
26,819
-7,177
30,279
47,678
-17,399
369
342
27
460
434
26
1,664
1,692
-28
4,950
5,340
-390
349
343
6
100,796
101,140
-344
8,152
8,538
-386
51,989
48,915
3,074
801
884
-83
1,104
1,237
-133
339
343
-4
62
108
-46
712
724
-12
2,979
3,236
-257
341
343
-2
2,834
2,808
26
483
489
-6
160,974
165,475
-4,501
354
343
11
2,867
2,792
75
80,090
75,178
4,912
23,636
25,421
-1,785
37,993
34,478
3,515
28,340
28,454
-114
19,518
20,125
-607
5,127
5,107
20
101,793
98,817
2,976
2,256
2,504
-248
8,953
9,335
-382
12,198
12,767
-569
12,414
12,299
115
9,278
10,312
-1,034
1
1
0
22,647
22,647
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
3,611
b
12,710
c
12,753
d
-31,110
e
39,401
-36,944
34,719
22,111
11,668
1,412
-1,091
3,627
-7,136
3,838
5,707
-109
260
-159
-148
-91
-72
-52
65
17
-54
-68
-96
-11,460
-1,184
49,743
14,056
-134
-139
0
17,188
-2,992
33,029
3,955
14,877
1,823
12,483
60,144
4,710
14,004
3,457
54
138
389
-11
-21
12
46
65
709
25
145
-6
-4
-4
-1,597
12,948
99
192
444
-35
-75
0
0
30
49
176
1,398
-53
-6
-5
-1,391
158
2,502
2,605
9,005
820
-6,497
-7,177
-17,399
27
26
-28
-390
6
-344
-386
3,074
-83
-133
-4
-46
-12
-257
-2
26
-6
-4,501
11
75
4,912
-1,785
3,515
-114
-607
20
2,976
-248
-382
-569
115
-1,034
0
22,647
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
312,556
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
...................
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?
Yes
No
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))
2018
375,196
7,434,309
0.050468
2017
332,359
7,183,455
0.046267
2016
306,474
7,123,238
0.043025
2015
354,337
6,599,959
0.053688
2014
305,535
6,824,590
0.044770
2
Total
of line 1, column (d)
.....................
2
0.238218
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years
......
3
0.047644
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
7,350,603
5
Multiply line 4 by line 3
......................
5
350,212
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
3,702
7
Add lines 5 and 6
........................
7
353,914
8
Enter qualifying distributions from Part XII, line 4
,.............
8
353,618
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
(2019)
Form 990-PF (2019)
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
and enter “N/A" on line 1.
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
7,405
here
and 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
7,405
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
7,405
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
16,042
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
16,042
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
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
8,637
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
8,637
Refunded
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
AR
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 2019 or the taxable year beginning in 2019? 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
(2019)
Form 990-PF (2019)
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 address
N/A
14
The books are in care of
GREG AUD
Telephone no.
(870) 403-7823
Located at
POST OFFICE BOX 142
ARKADELPHIA
AR
ZIP+4
71923
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
No
Organizations relying on a current notice regarding disaster assistance check here
........
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 2019?
.............
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 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 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 2019.)
..................
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 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
No
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
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?
.................
Yes
No
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
GREGERY B AUD
TRUSTEE AND MANAGER
20.00
90,037
0
0
95 PINNACLE DRIVE
ARKADELPHIA
,
AR
71923
MICHAEL E AUD
TRUSTEE
1.00
41,400
0
0
25373 HIDDEN FOREST LANE
ANDALUSIA
,
AL
36421
HARRY C ERWIN III
TRUSTEE
1.00
3,000
0
0
6311 RANCH DRIVE
LITTLE ROCK
,
AR
72223
BLAKE WHITLEY
TRUSTEE
1.00
3,000
0
0
103 GREEN MEADOW COURT
HOT SPRINGS
,
AR
71901
THOMAS K THOMAS
TRUSTEE
1.00
3,000
0
0
105 CYPRESS COURT
ARKADELPHIA
,
AR
71923
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
...................
0
Form
990-PF
(2019)
Form 990-PF (2019)
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
.............
0
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
.........................
0
Form
990-PF
(2019)
Form 990-PF (2019)
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
7,152,786
b
Average of monthly cash balances
.......................
1b
309,755
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
7,462,541
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
7,462,541
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
111,938
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
7,350,603
6
Minimum investment return.
Enter 5% of line 5
..................
6
367,530
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
367,530
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
7,405
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
7,405
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
360,125
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
360,125
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
360,125
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
353,618
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
353,618
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
353,618
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
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
360,125
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
276,760
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
b
From 2015
......
c
From 2016
......
d
From 2017
......
e
From 2018
......
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
353,618
a
Applied to 2018, but not more than line 2a
276,760
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 2019 distributable amount
.....
76,858
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter 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 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
283,267
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 2014 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
0
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
c
Excess from 2017
....
d
Excess from 2018
....
e
Excess from 2019
....
Form
990-PF
(2019)
Form 990-PF (2019)
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 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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)
2019
(b)
2018
(c)
2017
(d)
2016
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GREG AUD
POST OFFICE BOX 142
ARKADELPHIA
,
AR
71923
(870) 403-7823
b
The form in which applications should be submitted and information and materials they should include:
REQUEST PREPRINTED APPLICATION TO COMPLETE FOR INTERVIEW
c
Any submission deadlines:
AT LEAST TWO MONTHS PRIOR TO START OF COLLEGE TERMS
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form
990-PF
(2019)
Form 990-PF (2019)
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)
a
Paid during the year
ALPINE RURAL FIRE DEPARTMENT
PO BOX 41
ALPINE
,
AR
71920
NONE
PC
UNRESTRICTED
15,000
ASMSA FOUNDATION
200 WHITTINGTON AVE
HOT SPRINGS
,
AR
71901
NONE
PC
UNRESTRICTED
500
ARKANSAS CHILDREN'S HOSPITAL
1 CHILDRENS WAY
LITTLE ROCK
,
AR
72202
NONE
PC
UNRESTRICTED
1,000
BAPTIST HEALTH FOUNDATION
9601 BAPTIST HEALTH DR
LITTLE ROCK
,
AR
72205
NONE
PC
UNRESTRICTED
1,000
CENTERPOINT SCHOOL DISTRICT
755 HIGHWAY 8 E
AMITY
,
AR
71921
NONE
PC
UNRESTRICTED
14,500
CITY OF AMITY
121 EAST THOMPSON STREET
AMITY
,
AR
71921
NONE
PC
UNRESTRICTED
4,000
CADDO CAREER CONSORTIUM
348 HICKMAN ROAD
AMITY
,
AR
71921
NONE
PC
UNRESTRICTED
127,105
THE CALL IN CLARK COUNTY
PO BOX 1071
ARKADELPHIA
,
AR
71923
NONE
PC
UNRESTRICTED
500
KIRBY PUBLIC SCHOOL
2614 HWY 27 NORTH
KIRBY
,
AR
71950
NONE
PC
UNRESTRICTED
18,725
KIRBY ANGEL TREE
1111 WEST MARKHAM STREET
LITTLE ROCK
,
AR
72201
NONE
PC
UNRESTRICTED
500
PARK HILL BAPTIST CHURCH
201 E C AVE
NORTH LITTLE ROCK
,
AR
72116
NONE
PC
UNRESTRICTED
500
SCHOLARSHIPS TO INDIVIDUALS FOR UNDERGADUATE COLLEGE STUDY
105 WEST O ST
RUSSELLVILLE
,
AR
72801
NONE
UNRESTRICTEDUNRESTRICTED
90,500
THRU PTP
P O BOX 142
ARKADELPHIA
,
AR
71923
NONE
UNRESTRICTED
14
THEA FOUNDATION
401 MAIN ST STE 100
NORTH LITTLE ROCK
,
AR
72114
NONE
PC
UNRESTRICTED
500
Total
.................................
3a
274,344
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2019)
Form 990-PF (2019)
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
1,035
4
Dividends and interest from securities
....
14
212,090
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
16
12,673
6
Net rental income or (loss) from personal property
7
Other investment income
.....
18
2,247
8
Gain or (loss) from sales of assets other than
inventory
............
18
314,132
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
542,177
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
542,177
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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
(2019)
Form 990-PF (2019)
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description