Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)211 ROBBINS ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOLALLA, OR970388142
A Employer identification number

45-3983646
B Telephone number (see instructions)

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$4,167,734J 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) 500,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 56 56 0
4 Dividends and interest from securities... 111,054 111,054 0
5a Gross rents............ 0 0 0
b Net rental income or (loss) 0
6a Net gain or (loss) from sale of assets not on line 10 -40,298
b Gross sales price for all assets on line 6a 621,332
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... Click to see attachment 11,840 11,840 0
12 Total. Add lines 1 through 11........ 582,652 122,950 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... Click to see attachment 15,800 15,800 0 0
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,994 0 0 1,994
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see list of attachments 822 0 0 822
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,616 15,800 0 2,816
25 Contributions, gifts, grants paid....... 123,000 123,000
26 Total expenses and disbursements. Add lines 24 and 25 141,616 15,800 0 125,816
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 441,036
b Net investment income (if negative, enter -0-) 107,150
c Adjusted net income (if negative, enter -0-)... 0
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............. 255,471 368,144 368,144
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet0
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet   0 0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   0  
b Investments—corporate stock (attach schedule)....... 2,917,059 Click to see attachment3,245,422 3,799,590
c Investments—corporate bonds (attach schedule).......   0  
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,172,530 3,613,566 4,167,734
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 0 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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 3,172,530 3,613,566
29 Total net assets or fund balances (see instructions)..... 3,172,530 3,613,566
30 Total liabilities and net assets/fund balances (see instructions). 3,172,530 3,613,566
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
3,172,530
2
Enter amount from Part I, line 27a .....................
2
441,036
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,613,566
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
3,613,566
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 -40,298
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
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 1,489
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 1,489
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 1,489
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  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 1489 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,489
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet0 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOR
    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 addressbulletN/A
    14
    The books are in care ofbulletTERRY SIMMS Telephone no.bullet (503) 829-1100

    Located atbullet211 ROBBINS STMOLALLAOR ZIP+4bullet970388142
    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
     
     
    ........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 bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 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
    Marci MarshClick to see attachment President
    1.00     		0 0 0
    211 Robbins St
    Molalla,OR97038
    Kae WiseClick to see attachment Vice President
    1.00     		0 0 0
    211 Robbins St
    Molalla,OR97038
    Lorraine PetersClick to see attachment Secretary
    1.00     		0 0 0
    211 Robbins St
    Molalla,OR97038
    Ron JonesClick to see attachment Director
    1.00     		0 0 0
    211 Robbins St
    Molalla,OR97038
    Dale SettjeClick to see attachment Director
    1.00     		0 0 0
    211 Robbins St
    Molalla,OR97038
    Steve LoutzenhiserClick to see attachment Director
    1.00     		0 0 0
    211 Robbins St
    Molalla,OR97038
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    3,158,914
    b
    Average of monthly cash balances.......................
    1b
    85,330
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,244,244
    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
    3,244,244
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    48,664
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,195,580
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    159,779
    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
    159,779
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,489
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    0
    c
    Add lines 2a and 2b............................
    2c
    1,489
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    158,290
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    11,840
    5
    Add lines 3 and 4............................
    5
    170,130
    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
    170,130
    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
    125,816
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    125,816
    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
    125,816
    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 7 170,130
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 56,310
    b From 2016...... 65,495
    c From 2017...... 50,322
    d From 2018...... 26,957
    e From 2019...... 0
    fTotal of lines 3a through e........ 199,084
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 125,816
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 125,816
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 44,313 44,313
    (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 5 154,771
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		1
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		154,771
    10 Analysis of line 9:
    a Excess from 2016.... 65,495
    b Excess from 2017.... 50,322
    c Excess from 2018.... 26,957
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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).)
    NONE
    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.
    NONE
    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:
     
    bThe form in which applications should be submitted and information and materials they should include:
     
    cAny submission deadlines:
     
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
     
    Form 990-PF (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
    Kayla Burns
    212 Shaver Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Chase Rome
    29263 S Salo Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Ian Narehood
    1137 Meadowlawn Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Rylee Elliott
    220 Thunderbird St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Amy Hall
    1105 Meadowlawn Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Gavin VandenBroeder
    1400 Homestead Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Juliann Jones
    810 E 7th St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Natalie McGuire
    934 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Matthew Prom
    35450 S Dickey Prairie Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Mont Child
    19520 S Lais Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Casey McGuire
    934 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Keenan Hoffman
    1125 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Eli Rome
    29263 S Salo Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Irene Shvachka
    31920 S Ona Way
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Hunter Enz
    867 Meadowlawn Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Rebeka Bartholomew
    26825 S Ranch Hills Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Marie Krivoshein
    37486 S Highway 213
    Mount Angel,OR97362     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Andrew Prom
    35450 S Dickey Prairie Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Cole Bauge
    13434 S Warrick Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Anna Farner
    26148 S Highway 213
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Alexa Covert
    15402 S Highway 211
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Audrey Andrews
    434 S Molalla Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Lexy Beyer
    12506 S Wildcat Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jared Wilson
    215 Taurus St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Madeline Lewandowski
    31838 S Shady Dell Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Patrick Ehleringer
    609 S Molalla Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Deborah Grandle
    26243 S Highway 213
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Brenna Beyer
    39308 S Cooper Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Shelby Helmig
    36767 S Hibbard Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jacob Chandler
    31015 S Orem Ln
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Braden H Hibbs
    1119 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Kaylee Ann Laubach
    813 Patrol St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jonathan Paulsen
    39044 S Sawtell Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Mattie Myers
    13512 S Cascadia Ct
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Rebecca Burge
    18377 S Munson Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Gillian Mead
    26464 S Burns Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Grace Higginbotham
    1820 Toliver Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Sidney Perkin
    1006 Julie Ln
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Charlotte Dean Pursley
    701 N Molalla Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Thomas Ellis
    702 June Dr
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Isaac VanSmoorenburg
    26820 S Ranch Hills Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Isabella Dutton
    662 June Dr
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Katherine Sandberg
    28750 S Heisinger Ln
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jaden Beyer
    12506 S Wildcat Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Sucely Lucas
    569 Andrian Ct
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Donald Hammock
    31650 S Goodtime Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Corban Hempel
    14720 S Howards Mill Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Isabella Renner
    135 Thunderbird St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Nicole Beatty
    815 E 6th St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Elizabeth Garcia
    105 Glory Ln
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jenelle Baker
    18231 S Munson Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Justyne Peterson
    33137 S Wright Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Cassidy Burke
    880 June Dr
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Adalyn Crouch
    14801 S Vaughan Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Sierra Cox
    947 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Meghan McGrath
    200 N Cole Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Chase Pursley
    701 N Molalla Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Kassidy Stonehocker
    29902 S Sprague Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Brayden Rodgers
    1325 Homestead Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Bryana Brinkman
    1111 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Alicia Schultz
    16701 S Highway 211
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Lily Bartel
    29466 S Marshall Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Madeline Lisac
    683 June Dr
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Dylan Wynn
    30970 S Orem Ln
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jessica Reynaga
    154 Toliver Ct
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Cayla Peeples
    569 June Dr
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Colton Enz
    867 Meadowlawn Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jasmine Bartel
    29466 S Marshall Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Damian Pingo
    775 Kelsey Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Nolan Miller
    1318 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Kaitlin Gartrell
    15260 S Howards Mill Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Madison Olsen
    18373 S Callahan Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Kelsey Childress
    130 S Metzler Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Narissa Covert
    311 Engle Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Audriahna Greer
    14205 S Graves Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Corinne Oster
    308 E 5th St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Mark Grandle
    26243 S Highway 213
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Landon Eves
    17621 S Callahan Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Lydia Jeffries
    15019 S Herman Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Kaytlynn Gobert
    9972 S Marquam Cir
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jacob Noe
    1106 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Mackenzie Fosket
    12603 S Groshong Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    McKenzie Brownlee
    31201 S Wright Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Kelsey Morgan
    1021 Julie Ln
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Tessia Pullen
    224 Shirley St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Casey Brooks
    30532 S Mccown Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Levi Satrum
    14760 S Joradan Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Brynn Castleton Rudolph
    27905 S Highway 213
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Kristin Kendall
    1114 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Parker Coulombe
    103 S Cole Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Reece Elliott
    682 Trinity Ct
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Brice Speri
    13521 S Herman Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Grace Walburn Jones
    115 E Main St 1
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Brianna Puhlman
    1000 W Main St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Carson Donaldson
    28668 S Dalmatian Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Shannon Rudolph
    27905 S Highway 213
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jacob Miller
    18277 S Highway 211
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jaden Donaldson
    28668 S Dalmatian Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jared Kemp
    147 Miller St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jevin McClenny
    16482 S Union Mills Rd
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Georgia Hunter
    756 June Dr
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Emilie Mendoza
    861 Meadow Dr
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Madison Brinkman
    1111 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Libby Byrne
    41996 S Sawtell Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Nathanael Browning
    168 Finneys Ave
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Derek Pederson
    15500 S Paradise Ln
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Allison Hoffman
    1125 Meadowlark Pl
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Eric Jones
    810 E 7th St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Eddy Lao
    633 June Dr
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Timothy Wong
    26412 S Highway 213
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Natalee Litchfield
    38363 S Hardy Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Rachel DeRosa
    13258 S Vick Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Sang Xing
    15055 S Cabernet Ln
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Maximus Tate
    301 Steelhead St
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Faith Abein
    15165 S Highway 211
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Amanda Seward
    15165 S Highway 211
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Emma Helmig
    37087 S Foltz Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jacquelyne Mellin
    30194 S Highway 213
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Katie Sell
    875 Julie Ln
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Jaden Lorts
    37827 S Wilhoit Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Sang Xing
    15055 S Cabernet Ln
    Mulino,OR97042     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Cindy Rodriquez
    211 Doug Fir Ln
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Sophie Griffith
    15047 S Macksburg Rd
    Molalla,OR97038     		No Relationship NC To promote the advancement and diffusion of knowledge and understanding 1,000
    Total .................................bullet 3a 123,000
    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     0   0 0
    b     0   0 0
    c     0   0 0
    d     0   0 0
    e     0   0 0
    f     0   0 0
        0   0 0
    gFees and contracts from government agencies          
    2 Membership dues and assessments....   0   0 0
    3 Interest on savings and temporary cash
    investments ...........     		  0 14 56 0
    4 Dividends and interest from securities....   0 14 111,054 0
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......   0   0 0
    bNot debt-financed property.....   0   0 0
    6 Net rental income or (loss) from personal property   0   0 0
    7 Other investment income.....   0   0 0
    8 Gain or (loss) from sales of assets other than
    inventory ............     		  0 18 -40,298 0
    9 Net income or (loss) from special events:   0   0 0
    10 Gross profit or (loss) from sales of inventory   0   0 0
    11 Other revenue:
    a       		  0   0 0
    b     0   0 0
    c     0   0 0
    d     0   0 0
    e     0   0 0
    12 Subtotal. Add columns (b), (d), and (e).. 0 70,812 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    70,812
    (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
    MOLALLA TELEPHONE COMPANY 501(c)(12) SHARE ELEMENT OF COMMON CONTROL
    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: 20012075
    Software Version: V1.0
    Part VI Line 7 - Tax Paid with the Original Return: 1,489


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
     
    Employer identification number

    45-3983646
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
          		Employer identification number
    45-3983646
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    MOLALLA TELEPHONE COMPANY
    211 ROBBINS STREET
     
    MOLALLA, OR97038

    		$ 500,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
          		Employer identification number

    45-3983646
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
          		Employer identification number

    45-3983646
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
    EIN:
    45-3983646
    Software ID:
    20012075
    Software Version:
    V1.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    Investments 2016-02 Purchase 2020-03   404,304 428,172   0   0
    Investments 2020-01 Purchase 2020-09   217,028 233,458   0   0

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
    EIN:
    45-3983646
    Software ID:
    20012075
    Software Version:
    V1.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Delaware Group Equity FD 0 0
    Goldman FD Amer Inc 434,259 458,204
    Goldman Sachs TR 21,857 21,857
    American Funds Growth 290,770 398,661
    American FDS Inc 183,915 256,697
    Wash Mutual Investors Fund 559,337 625,574
    Janus Invt FD 222,892 218,831
    Jensen Portfolio SHS 147,621 167,413
    John Hancock Funds 240,848 270,029
    Wells Fargo EM Fund 147,849 186,206
    Europacific Growth FD 121,550 155,897
    PIMCO FDS 92,593 96,514
    PGIM High Yield CL 96,894 97,389
    PGIM 185,994 196,045
    Smallcap World Fund 80,354 123,505
    T Rowe Price Mid-Cap 150,147 186,147
    Artisan Small Cap Fund 119,500 184,261
    Hersha HOSP PFD 50,000 37,660
    KKR & CO PFD 50,000 54,020
    GAIF CL 2 49,042 64,680
    Harbor Fund Cap 0 0
    Virtus Emerging Markets FND 0 0
    First Trust Sabrient 0 0

    TY 2020 OtherExpensesSchedule
    Name:
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
    EIN:
    45-3983646
    Software ID:
    20012075
    Software Version:
    V1.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Directors and Officers Insurance 822 0 0 822


    TY 2020 OtherIncomeSchedule2
    Name:
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
    EIN:
    45-3983646
    Software ID:
    20012075
    Software Version:
    V1.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Returned Grant Money 11,840 11,840 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
    EIN:
    45-3983646
    Software ID:
    20012075
    Software Version:
    V1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Wells Fargo Investment Fees 15,800 15,800 0 0


    TY 2020 TaxesSchedule
    Name:
    MOLALLA COMMUNICATIONS EDUCATIONAL FOUNDATION INC
    EIN:
    45-3983646
    Software ID:
    20012075
    Software Version:
    V1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Excise Tax 1,327 0 0 1,327
    State Tax 667 0 0 667