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
JOE AND ARLENE WATT FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 6085
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SHERIDAN, WY82801
A Employer identification number

83-0330482
B Telephone number (see instructions)

(307) 672-1498
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$28,950,422J 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) 275
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 542,067 542,067  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 881,304
b Gross sales price for all assets on line 6a 11,263,748
7 Capital gain net income (from Part IV, line 2)... 881,304
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 6,002 6,002  
12 Total. Add lines 1 through 11........ 1,429,648 1,429,373  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 40,915 40,915    
b Accounting fees (attach schedule)....... Click to see attachment 1,850 1,400   450
c Other professional fees (attach schedule).... Click to see attachment 125,425 121,700   3,725
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25 13   12
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 254 127   127
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 168,469 164,155   4,314
25 Contributions, gifts, grants paid....... 1,034,000 1,034,000
26 Total expenses and disbursements. Add lines 24 and 25 1,202,469 164,155   1,038,314
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 227,179
b Net investment income (if negative, enter -0-) 1,265,218
c Adjusted net income (if negative, enter -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.............      
2 Savings and temporary cash investments......... 849,310 1,684,766 1,684,766
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) 2,459,352 Click to see attachment397,459 415,515
b Investments—corporate stock (attach schedule)....... 13,088,838 Click to see attachment13,535,115 19,806,854
c Investments—corporate bonds (attach schedule)....... 4,141,433 Click to see attachment4,538,163 4,667,921
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,631,564 Click to see attachment2,237,830 2,366,984
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment4,039 Click to see attachment8,382 Click to see attachment8,382
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,174,536 22,401,715 28,950,422
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   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........ 22,174,536 22,401,715
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 22,174,536 22,401,715
30 Total liabilities and net assets/fund balances (see instructions). 22,174,536 22,401,715
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
22,174,536
2
Enter amount from Part I, line 27a .....................
2
227,179
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
22,401,715
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
22,401,715
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.)
1 a 334-PEPSICO INC P 2004-09-07 2020-02-07
b 0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-02-25
c 167-PEPSICO INC P 2010-12-17 2020-02-07
d 15-ALPHABET INC P 2012-03-22 2020-11-03
e 200000-WISCONSIN ST CLEAN WTR REVENU P 2013-12-11 2020-06-01
35.95-VANGUARD 500 INDEX FUND P 2014-12-01 2020-02-12
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-09-25
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-01-15
200000-BANK OF AMERICA CORP 2.625% 1 P 2016-10-24 2020-10-19
483-TECHNOLOGY SELECT SECTOR SPDR FU P 2018-03-27 2020-02-12
11-AMAZON.COM INC P 2019-03-19 2020-11-03
10361.104-DFA EMERGING MARKETS SMALL P 2019-08-21 2020-04-28
19913.218-VANGUARD HIGH-YIELD CORPOR P 2020-01-16 2020-05-18
133-PEPSICO INC P 2004-09-07 2020-02-07
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-03-25
640-EXXON MOBIL CORP P 2011-03-03 2020-05-13
301-WALT DISNEY CO/THE P 2012-05-09 2020-01-10
758-GILEAD SCIENCES INC P 2014-03-28 2020-04-03
62000-APACHE CORP 3.625% 01/02/2021 P 2014-12-03 2020-11-03
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-10-26
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-02-18
368-GILEAD SCIENCES INC P 2016-11-02 2020-04-03
758-TECHNOLOGY SELECT SECTOR SPDR FU P 2018-03-27 2020-03-18
4215.116-DFA EMERGING MARKETS SMALL P 2019-03-19 2020-04-28
2430.29-DFA EMERGING MARKETS SMALL C P 2019-08-21 2020-08-13
304-BOEING CO/THE P 2020-01-24 2020-03-20
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-01-15
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-04-27
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-01-21
237-WALT DISNEY CO/THE P 2012-05-09 2020-11-03
553-GILEAD SCIENCES INC P 2014-03-28 2020-04-03
1024.405-DFA US SMALL CAP PORTFOLIO P 2015-03-12 2020-04-02
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-11-25
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-03-16
555-GILEAD SCIENCES INC P 2016-11-02 2020-04-03
1661-EXXON MOBIL CORP P 2018-04-03 2020-05-13
6187.093-DFA US SMALL CAP PORTFOLIO P 2019-03-19 2020-04-02
28934.324-DFA US SMALL CAP PORTFOLIO P 2019-08-22 2020-04-02
507.602-EATON VANCE FLOATING-RATE AD P 2020-02-12 2020-11-18
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-02-18
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-05-26
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-02-20
655-MCKESSON CORP P 2012-09-13 2020-02-21
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-01-27
177-CHEVRON CORP P 2015-09-16 2020-05-18
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-12-28
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-04-15
175-MCKESSON CORP P 2016-11-02 2020-02-21
1296-CONSUMER STAPLES SELECT SECTOR P 2018-05-18 2020-07-24
2124.317-FIDELITY INTERNATIONAL INDE P 2019-04-12 2020-08-13
713.92-VANGUARD 500 INDEX FUND P 2019-08-22 2020-08-14
34347.4-VANGUARD INTERMEDIATE-TERM I P 2020-02-12 2020-03-03
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-03-16
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-06-25
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-03-20
86-UNITEDHEALTH GROUP INC P 2012-09-27 2020-11-03
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-02-25
442-CHEVRON CORP P 2015-09-16 2020-05-18
94-FEDEX CORP P 2016-01-08 2020-11-03
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-05-15
100000-CISCO SYSTEMS INC 4.45% 15 JA P 2016-12-14 2020-01-15
528-HEALTH CARE SELECT SECTOR SPDR F P 2018-09-13 2020-02-12
1282-COMMUNICATION SERVICES SELECT S P 2019-05-28 2020-07-24
721-INDUSTRIAL SELECT SECTOR SPDR FU P 2019-10-09 2020-01-24
584-ISHARES CORE S&P MID-CAP ETF P 2020-03-03 2020-05-18
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-04-15
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-07-27
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-04-20
1487.129-INVESCO DEVELOPING MARKETS P 2012-11-08 2020-08-13
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-03-25
200000-AMERICAN EXPRESS NATIONAL BAN P 2015-10-02 2020-03-16
171-WALMART INC P 2016-01-22 2020-11-03
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-06-15
366-GILEAD SCIENCES INC P 2017-02-23 2020-04-03
275000-FEDERAL HOME LOAN BANKS 5% 10 P 2018-09-20 2020-03-16
1830-UBER TECHNOLOGIES INC P 2019-08-15 2020-11-09
186-CONSUMER DISCRETIONARY SELECT SE P 2019-10-09 2020-04-23
LITIGATION PROCEEDS P 2018-02-01 2020-11-10
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-05-15
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-08-25
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-05-20
414-BRISTOL-MYERS SQUIBB CO P 2013-02-05 2020-11-03
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-04-27
250000-NATIONAL RURAL UTILITIES COOP P 2015-10-05 2020-10-15
200000-FEDERAL FARM CREDIT BANKS FUN P 2016-02-09 2020-01-30
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-07-15
283-JPMORGAN CHASE & CO P 2017-02-23 2020-11-03
155-GOLDMAN SACHS GROUP INC/THE P 2018-11-02 2020-11-03
544-UBER TECHNOLOGIES INC P 2019-10-09 2020-11-09
1439.654-VANGUARD EMERGING MARKETS S P 2019-10-10 2020-08-14
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-06-15
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-09-25
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-06-22
387.473-INVESCO DEVELOPING MARKETS F P 2013-02-22 2020-08-13
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-05-26
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-01-27
762-AMERICAN EXPRESS CO P 2016-03-11 2020-03-19
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-08-17
250000-FEDERAL HOME LOAN MORTGAGE CO P 2017-02-23 2020-03-16
304-MICROCHIP TECHNOLOGY INC P 2018-11-02 2020-01-10
2170-UBER TECHNOLOGIES INC P 2019-10-16 2020-11-09
76-CONSUMER STAPLES SELECT SECTOR SP P 2019-11-20 2020-07-24
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-07-15
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-10-26
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-07-20
200000-GENERAL ELECTRIC CO FLOATING P 2013-04-01 2020-04-15
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-06-25
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-02-25
286.194-VANGUARD 500 INDEX FUND P 2016-03-11 2020-02-12
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-09-15
5297.779-DFA US SMALL CAP PORTFOLIO P 2017-03-09 2020-04-02
153-MICROCHIP TECHNOLOGY INC P 2018-12-24 2020-01-10
5094.639-EATON VANCE FLOATING-RATE A P 2019-10-31 2020-11-18
404-CONSUMER DISCRETIONARY SELECT SE P 2019-11-20 2020-04-23
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-08-17
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-11-25
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-08-20
100000-FEDERAL HOME LOAN BANKS 2.14% P 2013-08-02 2020-02-03
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-07-27
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-03-25
247.424-VANGUARD 500 INDEX FUND P 2016-03-11 2020-08-14
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-10-15
557-STARBUCKS CORP P 2017-06-29 2020-09-17
847-MICROCHIP TECHNOLOGY INC P 2018-12-24 2020-01-13
598-COMMUNICATION SERVICES SELECT SE P 2019-05-28 2020-05-18
5094.639-EATON VANCE FLOATING-RATE A P 2019-11-20 2020-03-03
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-09-15
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-12-28
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-09-21
613-SKYWORKS SOLUTIONS INC P 2013-08-23 2020-01-24
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-08-25
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-04-27
239-STARBUCKS CORP P 2016-04-18 2020-09-17
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-11-16
447-STARBUCKS CORP P 2017-06-29 2020-09-17
2666.784-DFA US SMALL CAP PORTFOLIO P 2018-12-24 2020-04-02
13113.776-VANGUARD HIGH-YIELD CORPOR P 2019-06-27 2020-03-03
70591.265-EATON VANCE FLOATING-RATE P 2019-11-20 2020-11-18
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-10-15
170-WALT DISNEY CO/THE P 2009-01-12 2020-01-10
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-10-20
120000-NATIONAL RURAL UTILITIES COOP P 2013-09-17 2020-09-15
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-09-25
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-05-26
291-APPLE INC P 2016-04-28 2020-07-24
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2020-12-15
526-STARBUCKS CORP P 2017-06-29 2020-09-17
6151.138-DFA US SMALL CAP PORTFOLIO P 2019-01-09 2020-04-02
8957.466-VANGUARD HIGH-YIELD CORPORA P 2019-06-27 2020-05-18
236-XILINX INC P 2020-01-13 2020-11-02
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-11-16
3-ALPHABET INC P 2010-07-29 2020-11-03
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-11-20
172-UNION PACIFIC CORP P 2013-11-20 2020-11-03
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-10-26
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-06-25
632.414-DFA EMERGING MARKETS SMALL C P 2016-06-07 2020-04-28
300000-FEDERAL HOME LOAN BANKS 3.125 P 2016-10-07 2020-03-16
250000-FEDERAL HOME LOAN MORTGAGE CO P 2017-07-28 2020-01-27
250000-GOLDMAN SACHS GROUP INC/THE 2 P 2019-01-11 2020-12-28
204-BOEING CO/THE P 2019-07-09 2020-03-20
236-XILINX INC P 2020-01-13 2020-11-02
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2020-12-15
66-MONDELEZ INTERNATIONAL INC P 2010-07-29 2020-02-12
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2020-12-21
279-AMERICAN EXPRESS CO P 2013-12-10 2020-03-19
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-11-25
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-07-27
250000-FEDERAL HOME LOAN BANKS 2.52% P 2016-06-07 2020-01-31
263-NIKE INC P 2016-10-12 2020-11-03
100000-HSBC BANK USA NA STEP CPN 2% P 2017-11-08 2020-03-16
250000-FEDERAL HOME LOAN BANKS 3.05% P 2019-01-11 2020-01-21
377-CONSUMER DISCRETIONARY SELECT SE P 2019-08-21 2020-04-23
236-XILINX INC P 2020-01-13 2020-11-04
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2020-01-27
265-CHEVRON CORP P 2010-09-13 2020-05-18
810-MONDELEZ INTERNATIONAL INC P 2011-12-27 2020-02-12
162-GILEAD SCIENCES INC P 2013-12-10 2020-04-03
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2020-12-28
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2020-08-25
250000-FEDERAL FARM CREDIT BANKS FUN P 2016-08-09 2020-02-05
335-LOWE'S COS INC P 2016-10-19 2020-11-03
806.384-VANGUARD 500 INDEX FUND P 2018-02-07 2020-08-14
250000-CITIGROUP GLOBAL MARKETS HOLD P 2019-01-18 2020-01-31
432-INDUSTRIAL SELECT SECTOR SPDR FU P 2019-08-21 2020-01-24
236-XILINX INC P 2020-01-13 2020-11-04
(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 48,447   17,044 31,403
b 15   15  
c 24,231   11,023 13,208
d 24,805   4,869 19,936
e 200,000   214,125 -14,125
11,232   6,836 4,396
808   829 -21
2,077   2,074 3
200,000   204,604 -4,604
48,797   32,094 16,703
33,746   19,500 14,246
164,845   199,451 -34,606
108,726   119,081 -10,355
19,297   6,787 12,510
14   14  
26,895   54,717 -27,822
43,604   13,597 30,007
58,360   52,349 6,011
62,000   63,458 -1,458
810   831 -21
1,532   1,530 2
28,302   26,758 1,544
53,563   50,366 3,197
67,063   87,000 -19,937
48,047   46,783 1,264
29,769   97,357 -67,588
212   186 26
331   320 11
32   34 -2
29,540   10,706 18,834
42,530   38,191 4,339
22,834   34,738 -11,904
813   833 -20
660   659 1
42,422   40,356 2,066
69,800   122,939 -53,139
137,910   209,000 -71,090
644,946   934,000 -289,054
5,213   5,436 -223
220   193 27
12   12  
11   11  
111,501   57,593 53,908
1,660   1,714 -54
16,475   13,937 2,538
815   836 -21
2,098   2,095 3
29,790   23,773 6,017
80,443   64,172 16,271
87,161   86,757 404
222,650   193,101 29,549
357,900   350,000 7,900
215   188 27
12   12  
11   11  
27,681   4,847 22,834
2,305   2,379 -74
41,162   34,803 6,359
25,791   12,868 12,923
3,311   3,306 5
100,000   107,047 -7,047
55,265   50,908 4,357
72,459   62,237 10,222
60,543   53,785 6,758
97,264   110,120 -12,856
209   183 26
677   655 22
11   11  
66,921   50,000 16,921
1,470   1,517 -47
200,132   200,000 132
24,455   10,745 13,710
2,953   2,949 4
27,975   25,332 2,643
294,286   291,745 2,541
88,943   63,172 25,771
20,685   22,042 -1,357
739,968     739,968
206   181 25
11   10 1
11   11  
25,482   15,300 10,182
2,162   2,232 -70
250,000   250,000  
200,000   200,000  
3,720   3,715 5
29,254   25,747 3,507
30,712   35,526 -4,814
26,440   15,877 10,563
52,187   48,531 3,656
312   273 39
9   9  
1,350   1,417 -67
17,436   13,687 3,749
1,097   1,133 -36
789   809 -20
55,827   45,388 10,439
3,157   3,153 4
253,598   250,000 3,598
33,389   21,187 12,202
105,468   69,540 35,928
4,717   4,692 25
442   388 54
815   789 26
147   155 -8
200,000   200,000  
1,925   1,987 -62
792   812 -20
89,416   53,633 35,783
1,499   1,496 3
118,087   195,594 -77,507
16,804   10,384 6,420
52,322   54,818 -2,496
44,929   48,746 -3,817
189   166 23
14   13 1
81   85 -4
37,209   33,765 3,444
1,672   1,726 -54
794   814 -20
77,164   46,367 30,797
4,670   4,664 6
47,932   32,637 15,295
93,964   57,486 36,478
31,312   29,031 2,281
53,596   53,596  
192   168 24
9   8 1
70   74 -4
76,626   15,417 61,209
2,525   2,606 -81
796   817 -21
20,567   14,586 5,981
3,226   3,221 5
38,515   26,192 12,323
59,443   74,670 -15,227
77,502   76,847 655
724,972   746,150 -21,178
397   348 49
24,627   3,711 20,916
7   7  
120,000   119,622 378
1,362   1,406 -44
799   819 -20
106,896   27,904 78,992
3,660   3,655 5
45,074   30,821 14,253
137,109   195,114 -58,005
48,908   52,491 -3,583
27,715   23,694 4,021
271   237 34
4,961   733 4,228
7   7  
31,749   13,668 18,081
1,980   2,044 -64
801   821 -20
10,062   11,889 -1,827
304,950   322,257 -17,307
250,000   250,000  
250,000   246,950 3,050
19,976   71,966 -51,990
27,723   23,694 4,029
210   184 26
3,862   1,216 2,646
90   95 -5
20,441   23,843 -3,402
1,195   1,234 -39
803   824 -21
250,000   250,000  
32,768   13,837 18,931
99,720   99,424 296
250,000   250,000  
41,926   45,039 -3,113
29,562   23,694 5,868
367   355 12
24,666   20,953 3,713
47,401   19,429 27,972
12,473   11,881 592
1,858   1,918 -60
806   826 -20
250,000   250,585 -585
54,801   23,282 31,519
251,487   199,903 51,584
250,000   250,000  
36,275   32,498 3,777
30,128   23,694 6,434
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       31,403
b        
c       13,208
d       19,936
e       -14,125
      4,396
      -21
      3
      -4,604
      16,703
      14,246
      -34,606
      -10,355
      12,510
       
      -27,822
      30,007
      6,011
      -1,458
      -21
      2
      1,544
      3,197
      -19,937
      1,264
      -67,588
      26
      11
      -2
      18,834
      4,339
      -11,904
      -20
      1
      2,066
      -53,139
      -71,090
      -289,054
      -223
      27
       
       
      53,908
      -54
      2,538
      -21
      3
      6,017
      16,271
      404
      29,549
      7,900
      27
       
       
      22,834
      -74
      6,359
      12,923
      5
      -7,047
      4,357
      10,222
      6,758
      -12,856
      26
      22
       
      16,921
      -47
      132
      13,710
      4
      2,643
      2,541
      25,771
      -1,357
      739,968
      25
      1
       
      10,182
      -70
       
       
      5
      3,507
      -4,814
      10,563
      3,656
      39
       
      -67
      3,749
      -36
      -20
      10,439
      4
      3,598
      12,202
      35,928
      25
      54
      26
      -8
       
      -62
      -20
      35,783
      3
      -77,507
      6,420
      -2,496
      -3,817
      23
      1
      -4
      3,444
      -54
      -20
      30,797
      6
      15,295
      36,478
      2,281
       
      24
      1
      -4
      61,209
      -81
      -21
      5,981
      5
      12,323
      -15,227
      655
      -21,178
      49
      20,916
       
      378
      -44
      -20
      78,992
      5
      14,253
      -58,005
      -3,583
      4,021
      34
      4,228
       
      18,081
      -64
      -20
      -1,827
      -17,307
       
      3,050
      -51,990
      4,029
      26
      2,646
      -5
      -3,402
      -39
      -21
       
      18,931
      296
       
      -3,113
      5,868
      12
      3,713
      27,972
      592
      -60
      -20
      -585
      31,519
      51,584
       
      3,777
      6,434
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 2 881,304
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 -423,503
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 17,587
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 17,587
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 17,587
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 21,411
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.............. 7 21,411
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
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 3,824
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet3,824 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)
    bulletWY
    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 ofbulletFIRST INTERSTATE BANK FSG Telephone no.bullet (307) 672-1498

    Located atbullet16 S MAIN STSHERIDANWY ZIP+4bullet82801
    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
     
     
    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
    JOHN M PRADERE DIRECTOR
    2.00     		0 0 0
    PO BOX 6085
    SHERIDAN,WY82801
    ROBERT EBERHART DIRECTOR
    2.00     		0 0 0
    PO BOX 6085
    SHERIDAN,WY82801
    KY DIXON SEC/TREAS
    2.00     		0 0 0
    PO BOX 6085
    SHERIDAN,WY82801
    RICHARD D HAMMER PRESIDENT
    2.00     		0 0 0
    PO BOX 6085
    SHERIDAN,WY82801
    JACK E PELISSIER DIRECTOR
    2.00     		0 0 0
    PO BOX 6085
    SHERIDAN,WY82801
    DEBRA WENDTLAND VICE PRESIDE
    2.00     		0 0 0
    PO BOX 6085
    SHERIDAN,WY82801
    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.........................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
    23,859,244
    b
    Average of monthly cash balances.......................
    1b
    863,283
    c
    Fair market value of all other assets (see instructions)................
    1c
    178,284
    d
    Total (add lines 1a, b, and c).........................
    1d
    24,900,811
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    24,900,811
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    373,512
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    24,527,299
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,226,365
    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
    1,226,365
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    17,587
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,587
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,208,778
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,208,778
    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
    1,208,778
    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
    1,038,314
    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
    1,038,314
    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
    1,038,314
    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 1,208,778
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,033,143
    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$ 1,038,314
    a Applied to 2019, but not more than line 2a 1,033,143
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 5,171
    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 ..........     		1,203,607
    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:
    JOE AND ARLENE WATT FOUNDATION
    PO BOX 6085
    SHERIDAN,WY82801
    (307) 672-1498
    bThe form in which applications should be submitted and information and materials they should include:
    THE APPLICATION SHOULD BE IN WRITTEN FORM AND INCLUDE: 1. NAME, ADDRESS AND TAX ID NUMBER OF THE CHARITY, 2. DOCUMENTARY PROOF OF THE TAX EXEMPT STATUS OF THE CHARITY UNDER SECTION 501(C)(3) OF THE IRC OF 1954, OR AS AMENDED. 3. COPY OF THE MOST RECENT ANNUAL REPORT OF THE CHARITY IN THE FORM REQUIRED OF IT BY APPLICABLE SECTION OF THE INTERNAL REVENUE CODE. 4. DESCRIPTION OF THE CHARITABLE PURPOSE, OR PURPOSES, TO WHICH THE FUNDS FOR WHICH APPLICATION IS BEING MADE SHALL BE PUT.
    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
    CHILDREN'S CENTER
    863 HIGHLAND AVENUE
    SHERIDAN,WY82801     		  EXEMPT UNRESTRICTED 14,000
    FIRST LIGHT CHILD CARE INC
    PO BOX 6351
    SHERIDAN,WY82801     		  EXEMPT UNRESTRICTED 25,000
    HABITAT FOR HUMANITY OF THE EASTERN
    PO BOX 6196
    SHERIDAN,WY82801     		  EXEMPT UNRESTRICTED 20,000
    JOEY'S FOUNDATION INC
    109 S MAIN SUITE B
    SHERIDAN,WY82801     		  EXEMPT UNRESTRICTED 10,000
    SALVATION ARMY
    150 S TSCHIRGI ST
    SHERIDAN,WY82801     		  EXEMPT UNRESTRICTED 50,000
    SENIOR CITIZENS COUNCIL
    211 SMITH STREET
    SHERIDAN,WY82801     		  EXEMPT UNRESTRICTED 125,000
    SHERIDAN ATHLETIC ASSOCIATION
    456 SUMNER ST
    SHERIDAN,WY82801     		  EXEMPT NEW ARTIFICIAL TURF FIELD 50,000
    SHERIDAN CO LIBRARY FOUNDATION
    335 W ALGER ST
    SHERIDAN,WY82801     		  EXEMPT UNRESTRICTED 150,000
    SHERIDAN COLLEGE FOUNDATION
    PO BOX 6328
    SHERIDAN,WY82801     		  EXEMPT WHITNEY CENTER FOR ARTS 150,000
    SHERIDAN COMMUNITY EDUCATION FOUNDA
    PO BOX 6399
    SHERIDAN,WY82801     		  EXEMPT UNRESTRICTED 50,000
    SHERIDAN COUNTY CHAMBER OF COMMERCE
    24 S MAIN ST
    SHERIDAN,WY82801     		  EXEMPT SHERIDAN AREA EMPLOYEE RELIEF FUND 20,000
    SHERIDAN COUNTY YMCA
    417 N JEFFERSON ST
    SHERIDAN,WY82801     		  EXEMPT NEW AQUATIC CENTER 100,000
    SHERIDAN HEALTH CENTER
    PO BOX 682
    SHERIDAN,WY82801     		  EXEMPT SUPPORT FOR MID-LEVEL PROVIDER 60,000
    SHERIDAN KIDS LIFE
    444 W ALGER ST
    SHERIDAN,WY82801     		  EXEMPT BUILDING FUND 30,000
    UNIVERSITY OF WYOMING
    1000 E UNIVERSITY AVE
    LARAMIE,WY82071     		  EXEMPT PESIDENTIAL SCHOLARSHIP 100,000
    VOLUNTEERS OF AMERICA
    1876 S SHERIDAN AVE
    SHERIDAN,WY82801     		  EXEMPT UNRESTRICTED 80,000
    Total .................................bullet 3a 1,034,000
    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
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 542,067  
    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.....     15 6,002  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 881,304  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,429,373  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,429,373
    (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MOHATT, JOHNSON & GODWIN 1,850 1,400   450

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN EXPRESS CENTURION BANK    
    APACHE CORP    
    BANK OF AMERICA CORP 2.625%    
    BURLINGTON NORTHN SANTA FE 99,779 105,022
    CHARLES SCHWAB CORP 2.65% 195,700 209,512
    CHEVRON CORP 2.498% 244,222 256,123
    CISCO SYSTEMS INC 4.45%    
    CITIGROUP GLOBAL MARKETS HLDGS 3.25%    
    CLOROX CO/THE 3.1% 285,559 320,547
    EATON VANCE FLOATING-RATE ADVANTAGED 782,509 790,668
    FANNIE MAE POOL FN AB4090 47,514 48,375
    FANNIE MAE REMICS FNR 2015-96 65,355 67,631
    FEDERAL FARM CREDIT BANKS FUNDING    
    FHLMC SERIES 2790 TN    
    FNMA POOL AB4090    
    FREDDIE MAC REMICS FHR 2790 TN 5,527 6,539
    FREDDIE MAC REMICS FHR 4103 NJ 52,913 53,678
    GENERAL ELECTRIC CO FLOATING 2.15917    
    GNMA POOL SER 2010-14 1,334 1,346
    GOLDMAN SACHS GROUP INC 2.6%    
    HSBC BANK USA    
    ISHARES PREFERRED & INCOME SECURITIE 790,701 834,396
    NATIONAL RURAL UTIL COOP    
    NATIONAL RURAL UTIL COOP    
    ORACLE CORP 2.5% 149,503 154,010
    RBSGC MTG LOAN TRUST 2007-B 1,889 1,987
    VANGUARD HIGH-YIELD CORP FUND 1,615,038 1,615,356
    VANGUARD INTERMEDIATE-TERM CORPORATE 200,620 202,731

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 70,278 97,556
    ALEXION PHARMACEUTICALS INC 140,838 215,142
    ALPHABET INC CAP STK CL A 49,450 208,564
    AMAZON.COM INC 198,565 361,519
    AMERICAN EUROPACIFIC GROWTH FUND    
    AMERICAN EXPRESS CO 62,066 125,988
    APPLE INC 60,793 336,502
    BERKSHIRE HATHAWAY INC CL B 56,475 160,918
    BOEING CO    
    BRISTOL-MYERS SQUIBB CO 73,507 123,378
    CHEVRON CORP    
    CISCO SYSTEMS INC 83,304 175,152
    COMCAST CORP 142,555 166,475
    COMMUNICATIONS SERVICES SELECT SECTO 169,030 231,524
    CONSUMER DISCRETIONARY SELECT SECTOR 44,150 48,877
    CONSUMER STAPLES SELECT SECTOR SPDR 129,864 140,296
    DFA EMERGING MARKETS SMALL CAP    
    DFA US SMALL CAP PORTFOLIO    
    EMERSON ELECTRIC CO 62,177 90,256
    ENERGY SELECT SECTOR SPDR FUND 251,348 215,499
    EXELON CORP 50,649 45,091
    EXXON MOBIL CORP    
    FACEBOOK INC 56,281 130,570
    FEDEX CORP 84,042 127,733
    FIDELITY INTERNATIONAL INDEX FUND    
    FINANCIAL SELECT SECTOR SPDR FUND 224,938 279,411
    GILEAD SCIENCES INC    
    GOLDMAN SACHS GROUP INC 138,437 159,281
    GOLDMAN SACHS INTERNATIONAL SMALL CA    
    HEALTH CARE SELECT SECTOR SPDR FUND 593,266 722,159
    HONEYWELL INTERNATIONAL INC 72,806 103,160
    INDUSTRIAL SELECT SECTOR SPDR FUND 348,739 430,884
    INTERCONTINENTAL EXCHANGE INC 72,775 87,390
    INVESCO OPPENHEIMER DEVELOPING MKTS    
    ISHARES CORE S&P 500 ETF 1,232,816 1,611,174
    JP MORGAN CHASE & CO 108,991 152,230
    KLA CORP 68,695 138,258
    LOWE'S COS INC 129,797 277,682
    MATERIALS SELECT SECTOR SPDR FUND 146,875 185,029
    MCDONALD'S CORP 106,404 123,598
    MCKESSON CORP    
    MICROCHIP TECHNOLOGY INC    
    MICROSOFT CORP 96,190 404,804
    MONDELEZ INTERNATIONAL INC 131,468 171,200
    NIKE INC 101,071 271,764
    PALO ALTO NETWORKS INC 72,832 106,262
    PEPSICO INC 69,518 104,255
    REAL ESTATE SELECT SECTOR SPDR FUND 193,439 190,551
    SKYWORKS SOLUTIONS INC 23,163 140,802
    STARBUCKS CORP    
    TECHNOLOGY SELECT SECTOR SPDR FUND 590,683 997,123
    UBER TECHNOLOGIES INC    
    UNION PACIFIC CORP 72,629 188,439
    UNITED HEALTH GROUP INC 28,703 158,157
    UTILITIES SELECT SECTOR SPDR FUND 114,772 108,785
    VANGUARD 500 INDEX FUND 1,696,899 2,174,262
    VANGUARD EMERGING MARKETS STOCK INDE 836,469 1,034,234
    WAL-MART STORES INC 103,540 203,251
    WALT DISNEY CO 38,937 156,177
    ISHARES CORE S&P MID-CAP ETF 588,465 804,635
    ISHARES CORE S&P SMALL-CAP ETF 1,198,762 2,014,724
    AMERICAN FUNDS EUROPACIFIC GROWTH 276,007 469,425
    FIDELITY INTERNATIONAL INDEX FUND 682,109 815,769
    GOLDMAN SACHS INTERNATIONAL SMALL CA 409,069 470,354
    DFA EMERGING MARKETS SMALL CAP 399,073 480,131
    INVESCO DEVELOPING MARKETS FUND 781,406 1,070,454

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    US Government Securities - End of Year Book Value:

    246,035
    US Government Securities - End of Year Fair Market Value:

    262,966
    State & Local Government Securities - End of Year Book Value:


    151,424
    State & Local Government Securities - End of Year Fair Market Value:


    152,549


    TY 2020 InvestmentsOtherSchedule2
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MINERAL INTERESTS AT COST 2 178,283
    DFA GLOBAL REAL ESTATE SECURITIES AT COST 2,237,828 2,188,701

    TY 2020 LegalFeesSchedule
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 40,915 40,915    


    TY 2020 OtherAssetsSchedule
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED DIVIDENDS AND INTEREST 4,019 8,374 8,374
    ROYALTIES RECEIVABLE 20 8 8


    TY 2020 OtherExpensesSchedule
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    POST OFFICE BOX 254 127   127


    TY 2020 OtherIncomeSchedule2
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS ROYALTIES - GROSS 6,765 6,765  
    O&G PRODUCTION TAXES -763 -763  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT 125,425 121,700   3,725


    TY 2020 TaxesSchedule
    Name:
    JOE AND ARLENE WATT FOUNDATION INC
    EIN:
    83-0330482
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SECRETARY OF STATE 25 13   12
    EXCISE TAXES