Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Otto & Edna Neely Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)325 S Higley Road 110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Gilbert, AZ85296
A Employer identification number

86-0581770
B Telephone number (see instructions)

(602) 818-2997
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$22,702,774J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,877 2,877 2,877
4 Dividends and interest from securities... 236,328 236,328 236,328
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 327,136
b Gross sales price for all assets on line 6a 3,275,930
7 Capital gain net income (from Part IV, line 2)... 322,824
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 21,371    
12 Total. Add lines 1 through 11........ 587,712 562,029 239,205
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 107,050 21,410   85,640
14 Other employee salaries and wages...... 191     191
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 113,761 96,795   16,966
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 18,497 18,280   217
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 31,087 6,217   24,870
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 3,318 642   2,676
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 273,904 143,344   130,560
25 Contributions, gifts, grants paid....... 741,583 741,583
26 Total expenses and disbursements. Add lines 24 and 25 1,015,487 143,344   872,143
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -427,775
b Net investment income (if negative, enter -0-) 418,685
c Adjusted net income (if negative, enter -0-)... 239,205
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 26,956 183,139 183,139
2 Savings and temporary cash investments......... 564,353 358,343 358,343
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)....... 15,170,090 Click to see attachment15,075,370 22,161,292
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).......... 85,000    
14 Land, buildings, and equipment: basis bullet2,068
Less: accumulated depreciation (attach schedule) bullet2,068      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,846,399 15,616,852 22,702,774
Liabilities 17 Accounts payable and accrued expenses.......... 153  
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 153 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 12,562,596 12,562,596
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 3,283,650 3,054,256
29 Total net assets or fund balances (see instructions)..... 15,846,246 15,616,852
30 Total liabilities and net assets/fund balances (see instructions). 15,846,399 15,616,852
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
15,846,246
2
Enter amount from Part I, line 27a .....................
2
-427,775
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
198,381
4
Add lines 1, 2, and 3 ..........................
4
15,616,852
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,616,852
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 322,824
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 -140,611
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 5,820
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 5,820
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,820
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 8,800
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 120
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,860
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,860 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 the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 addressbulletottoandednaneelyfoundation.org
    14
    The books are in care ofbulletGregory L Bamford Telephone no.bullet (602) 818-2997

    Located atbullet325 S Higley Road Ste 110GilbertAZ ZIP+4bullet85296
    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 2020, 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
     
    No
    ........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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet2019, 2018, 2017, 2016
    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.) Click to see attachment..............
    2b
     
    No
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    Cliff Saylor President
    4.00     		34,600    
    325 S Higley Rd Ste 110
    Gilbert,AZ85296
    Gregory L Bamford Director
    4.00     		48,200    
    325 S Higley Rd Ste 110
    Gilbert,AZ85296
    Norman L Knox Director
    2.00     		1,000    
    325 S Higley Rd Ste 110
    Gilbert,AZ85296
    Steven D Todd Director
    2.00     		12,750    
    325 S Higley Rd Ste 110
    Gilbert,AZ85296
    Walter Delecki Director
    2.00     		8,500    
    325 S Higley Rd Ste 110
    Gilbert,AZ85296
    John C Gemmill Director
    2.00     		2,000    
    8626 N 12th Avenue
    Phoenix,AZ85021
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    18,814,029
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,814,029
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    18,814,029
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    282,210
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    18,531,819
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    926,591
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    926,591
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,820
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,820
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    920,771
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    920,771
    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
    920,771
    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
    872,143
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    872,143
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    872,143
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 920,771
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 751,436
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 872,143
    a Applied to 2019, but not more than line 2a 751,436
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 120,707
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		800,064
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Otto Edna Neely Foundation
    325 S Higley Rd
    Gilbert,AZ85296
    (480) 917-0767
    bThe form in which applications should be submitted and information and materials they should include:
    Completed application and required attachments.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    None
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    100 Club of Arizona
    333 North 44th Street Ste 100
    Phoenix,AZ85008     		NONE EXEMPT Community Service Grant 10,000
    ACCEL
    10251 N 35th Ave
    Phoenix,AZ85051     		NONE EXEMPT Community Service Grant 8,000
    Amanda Hope Rainbow Angels
    340 E Coronado Road Ste 100
    Phoenix,AZ85004     		NONE EXEMPT Health Services Grant 7,500
    Arizona Academy of Performing Arts
    5861 S Kyrene Road 17
    Tempe,AZ85283     		NONE EXEMPT FINE ARTS GRANT 7,500
    Arizona Agriculture Foundation FFA
    PO Box 33455
    Phoenix,AZ85067     		NONE EXEMPT Educational Grant 55,000
    Arizona Cactus Pine Girls Scouts
    119 E Coronado Road
    Phoenix,AZ85004     		NONE EXEMPT UNRESTRICTED 5,000
    Arizona National Stock Show
    1826 W MCDOWELL RD
    PHOENIX,AZ85007     		NONE EXEMPT COMMUNITY SERVICE GRANT 17,500
    Arizona Outdoor Adventures
    20987 N John Wayne Pkway B10
    Maricopa,AZ85139     		NONE EXEMPT COMMUNITY SERVICE GRANT 5,000
    Arizona State University
    PO Box 2260
    Tempe,AZ85280     		NONE EXEMPT 2019 SCHOLARSHIPS 64,000
    Arizonians For Children
    2435 E La Jolla Dr
    Tempe,AZ85282     		NONE EXEMPT COMMUNITY SERVICE GRANT 5,000
    Campus Christian Center
    PO Box 1245
    Tempe,AZ85280     		NONE EXEMPT SMALL CAPITAL DEVELOPMENT GRANT 25,000
    CHANDLER EDUCATION FNDN
    1525 W FRYE RD
    CHANDLER,AZ85224     		NONE EXEMPT EDUCATIONAL 500
    CHANDLER GILBERT COMMUNITY COLLEGE
    2626 E PECOS RD
    CHANDLER,AZ85225     		NONE EXEMPT SCHOLARSHIPS 13,000
    CHANDLER SERVICE CLUB
    PO BOX 1243
    CHANDLER,AZ85244     		NONE EXEMPT EDUCATIONAL 18,500
    CHILD CRISIS CENTER
    PO BOX 4114
    MESA,AZ85211     		NONE EXEMPT COMMUNITY SERVICE 17,500
    DRESS FOR SUCCESS PHOENIX
    1024 E BUCKEYE
    PHOENIX,AZ85034     		NONE EXEMPT COMMUNITY SERVICE 6,500
    GABRIEL'S ANGELS
    727 E BETHANY HOME RD
    PHOENIX,AZ85014     		NONE EXEMPT HEALTH SERVICES 5,000
    GILBERT CHAMBER OF COMMERCE
    119 N GILBER RD STE 101
    GILBERT,AZ85234     		NONE EXEMPT COMMUNITY SERVICE 10,000
    GILBERT HISTORICAL MUSEUM
    10 S GILBERT RD
    GILBERT,AZ85296     		NONE EXEMPT SMALL CAPITAL DEVELOPMENT GRANT 55,000
    GILBERT LITTLE LEAGUE
    PO BOX 1013
    GILBERT,AZ85299     		NONE EXEMPT GIVING 2,000
    GILBERT YOUNG LIFE
    217 N GILBERT RD
    GILBERT,AZ85234     		NONE EXEMPT COMMUNITY SERVICE GRANT 15,000
    GRAND CANYON COUNCIL
    2969 N GREENFIELD RD
    PHOENIX,AZ85016     		NONE EXEMPT COMMUNITY SERVICE 5,000
    GRAND CANYON UNIVERSITY
    3300 W CAMELBACK RD
    PHOENIX,AZ85017     		NONE EXEMPT SCHOLARSHIPS 15,000
    HOUSE OF REFUGE
    6935 EAST WILLIAMS FIELD RD
    MESA,AZ85212     		NONE EXEMPT COMMUNITY SERVICE 70,775
    MAGGIES PLACE
    PO BOX 1102
    PHOENIX,AZ85016     		NONE EXEMPT HEALTH SERVICES GRANT 5,000
    MESA ARTS CENTER FNDN
    PO BOX 1466
    MESA,AZ85211     		NONE EXEMPT FINE ARTS GRANT 10,000
    MESA PRESYTERIAN MINISTRIES
    161 N MESA DR
    MESA,AZ85201     		NONE EXEMPT COMMUNITY SERVICE GRANT 33,000
    NORTHERN ARIZONA UNIVERSITY
    PO BOX 4108
    FLAGSTAFF,AZ86011     		NONE EXEMPT SCHOLARSHIP 28,000
    OAKWOOD CREATIVE CARE
    247 N MACDONALD DR
    MESA,AZ85201     		NONE EXEMPT COMMUNITY SERVICE 5,000
    PARK UNVERSITY
    8700 NW RIVER PARK
    PARKVILLE,MO64152     		NONE EXEMPT SCHOLARSHIPS 3,000
    PAZ DE CRISTO COMMUNITY CENTER
    424 W BROADWAY
    mESA,AZ85210     		NONE EXEMPT COMMUNITY SERVICE GRANT 7,500
    THE PHOENIX ZOO
    455 N GALVIN PKWY
    PHOENIX,AZ85008     		NONE EXEMPT COMMUNITY SERVICE 2,500
    PIMA MEDICAL INSTITUTE
    2121 N CRAYCROFT RD
    TUCSON,AZ85712     		NONE EXEMPT SCHOLARSHIPS 3,000
    RYAN HOUSE
    110 W MERRELL ST
    PHOENIX,AZ85013     		NONE EXEMPT COMMUNITY SERVICE GRANT 10,000
    SALVATION ARMY - CHANDLER
    PO BOX 250
    CHANDLER,AZ85244     		NONE EXEMPT COMMUNITY SERVICE GRANT 5,000
    SAVE THE FAMILY FNDN
    125 E UNIVERSITY DRIVE
    MESA,AZ85201     		NONE EXEMPT COMMUNITY SERVICE GRANT 25,000
    SOCIETY OF ST VINCENT DE PAUL
    PO BOX 13600
    PHOENIX,AZ85002     		NONE EXEMPT COMMUNITY SERVICE GRANT 15,000
    ST JOSEPH THE WORKER
    PO BOX 13503
    PHOENIX,AZ85002     		NONE EXEMPT COMMUNITY SERVICE GRANT 10,000
    SUNSHINE ACRES CHILDRENS HOME
    3405 N HIGLEY RD
    MESA,AZ85215     		NONE EXEMPT COMMUNITY SERVICE GRANT 4,000
    UNIVERSITY OF ARIZONA
    1111 N CHERRY
    TUCSON,AZ85721     		NONE EXEMPT SCHOLARSHIPS 34,000
    WESTWOOD FFA CHAPTER
    945 W RIO SALADO PARKWAY
    MESA,AZ85201     		NONE EXEMPT EDUCATIONAL GRANT 1,000
    CHANDLER GILBERT YMCA
    1655 W Frye Rd
    Chandler,AZ85224     		NONE EXEMPT COMMUNITY SERVICE GRANT 500
    GILBERT SISTER CITIES INC
    PO BOX 527
    GILBERT,AZ85299     		NONE EXEMPT COMMUNITY SEVICE GRANT 3,000
    GILBERT UNITED METHODIST CHURCH
    331 S COOPER RD
    GILBERT,AZ85233     		NONE EXEMPT COMMUNITY SERVICE GRANT 5,000
    MISSIONS DOOR
    750 W HAMPDEN AVENUE SUITE 518
    ENGLEWOOD,CO80110     		NONE EXEMPT COMMUNITY SERVICE GRANT 11,000
    PHOENIX RESCUE MISSION
    PO BOX 6708
    PHOENIX,AZ85005     		NONE EXEMPT COMMUNITY SERVICE GRANT 2,500
    SALVATION ARMY - MESA
    241 E 6th ST
    MESA,AZ85201     		NONE EXEMPT COMMUNITY SERVICE GRANT 4,500
    StreetLightUSA
    8380 W EMILE ZOLA 6178
    PEORIA,AZ85381     		NONE EXEMPT COMMUNITY SERVICE GRANT 2,500
    VALLEY OF THE SUN YMCA
    350 N 1st AVE
    PHOENIX,AZ85003     		NONE EXEMPT COMMUNITY SERVICE ORG 10,000
    YWCA METRO PHOENIX
    2999 N 44th ST STE 250
    PHOENIX,AZ85018     		NONE EXEMPT COMMUNITY SERVICE GRANT 10,000
    CHANDLER HIGH SCHOOL FFA
    350 N ARIZONA AVE
    CHANDLER,AZ85225     		NONE EXEMPT EDUCATIONAL GRANTS 500
    MESA COMMUNITY COLLEGE
    1833 W SOUTHERN AVE
    MESA,AZ85202     		NONE EXEMPT SCHOLARSHIPS 3,000
    SCOTTSDALE COMMUNITY COLLEGE
    9000 E CHAPARRAL RD
    SCOTTSDALE,AZ85256     		NONE EXEMPT SCHOLARSHIPS 3,000
    SCOTTSDALE ARTISTS' SCHOOL
    3720 N MARSHALL WAU
    SCOTTSDALE,AZ85251     		NONE EXEMPT FINE ARTS GRANT 8,000
    SYMPHONY OF THE SOUTHWEST
    123 N CENTENNIAL WAY
    MESA,AZ85201     		NONE EXEMPT FINE ARTS GRANT 13,500
    BRIAN H HOGUE
    1000 E HOUSTON AVE
    GILBERT,AZ85234     		  EXEMPT GIFTS TO GRADUATES 3,808
    MISSION OF MERCY
    360 E CORONADO ROAD 160
    PHOENIX,AZ85004     		NONE EXEMPT HEALTH SERVICES GRANT 10,000
    HEATHER MISKER
    515 E CAREFREE HIGHWAY 176
    PHOENIX,AZ85085     		NONE I EMERGENCY FUNDS 4,000
    KEVIN STALLINGS
    522 W FINNIE FLAT ROAD STE E-158
    CAMP VERDE,AZ86322     		  I EMERGENCY FUNDS 2,500
    Total .................................bullet 3a 741,583
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,877  
    4 Dividends and interest from securities....     14 236,328  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 322,824 4,312
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aATEL GROWTH     		    18 -967  
    bMISC INCOME     1   22,338
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   561,062 26,650
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    587,712
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Otto & Edna Neely Foundation
    EIN:
    86-0581770
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Common Stock - 07-4 7,661,846 10,353,534
    Common Stock - 06-6 7,413,524 11,807,758

    TY 2020 LandEtcSchedule2
    Name:
    Otto & Edna Neely Foundation
    EIN:
    86-0581770
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Machinery and Equipment 2,068 2,068    


    TY 2020 OtherExpensesSchedule
    Name:
    Otto & Edna Neely Foundation
    EIN:
    86-0581770
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Insurance 2,361 472   1,889
    LICENSES AND PERMITS 10     10
    Misc Costs 244 49   195
    Other Administrative Expense 122 24   98
    Other Investment Expense 97 97    
    Scholarship event 484     484


    TY 2020 OtherIncomeSchedule2
    Name:
    Otto & Edna Neely Foundation
    EIN:
    86-0581770
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ATEL GROWTH -967    
    MISC INCOME 22,338    


    TY 2020 OtherIncreasesSchedule
    Name:
    Otto & Edna Neely Foundation
    EIN:
    86-0581770
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    ADJUSTMENT TO ACTUAL GAIN/LOSS (FWT) 194,384
    PRIOR PERIOD ADJUSTMENT 3,997


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Otto & Edna Neely Foundation
    EIN:
    86-0581770
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 92,554 92,554 0 0
    Professional Fees 21,207 4,241 0 16,966


    TY 2020 TaxesSchedule
    Name:
    Otto & Edna Neely Foundation
    EIN:
    86-0581770
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Income Tax 9,348 9,348    
    Foreign Tax 8,932 8,932    
    Payroll Taxes 217     217