TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
JOHN AND CAROLYN CONN EDUCATIONAL
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)300 N WATER ST UNIT 549
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MOBILE, AL36602

A Employer identification number

46-1512209

B Telephone number (see instructions)

(251) 368-3186

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,884,175J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	65,444		65,444	65,444
4	Dividends and interest from securities...	11,134		11,134	11,134
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-30,564
b	Gross sales price for all assets on line 6a 1,124,339
7	Capital gain net income (from Part IV, line 2)...
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).......		3,021	3,021	3,021
12	Total. Add lines 1 through 11........	49,035		79,599	79,599
13	Compensation of officers, directors, trustees, etc.	17,652
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............	806		806
18	Taxes (attach schedule) (see instructions)...		287	287
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		34,889	34,889
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	53,634		35,982		0
25	Contributions, gifts, grants paid.......	100,000				100,000
26	Total expenses and disbursements. Add lines 24 and 25	153,634		35,982		100,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-104,599
b	Net investment income (if negative, enter -0-)			43,617
c	Adjusted net income (if negative, enter -0-)...				79,599

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	362,278	673,575	673,575
	2	Savings and temporary cash investments.........	72,151
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	252,709	451,323	369,055
	c	Investments—corporate bonds (attach schedule).......	1,325,902	805,841	798,918
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	81,885	64,783	42,627
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,094,925	1,995,522	1,884,175
	17	Accounts payable and accrued expenses..........	3,089	8,285
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	3,089	8,285
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	2,531,009	2,531,009
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	-439,173	-543,772
	29	Total net assets or fund balances (see instructions).....	2,091,836	1,987,237
	30	Total liabilities and net assets/fund balances (see instructions).	2,094,925	1,995,522

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,091,836

Enter amount from Part I, line 27a .....................

-104,599

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

1,987,237

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

1,987,237

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
(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)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	606
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	606
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	606
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..............		7
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	13
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	619
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

WALLER CROOK JONES P C Telephone no. bullet

(251) 368-3186

Located at bullet

P O DRAWER 920ATMOREAL ZIP+4 bullet

36504

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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-)
CAROLYN RINGHOFFER	DIRECTOR 000.00	5,884
1211 GOVERNMENT ST MOBILE,AL36604	DIRECTOR 000.00	5,884
ALEXANDRA H RINGHOFFER	DIRECTOR 000.00	5,884
1211 GOVERNMENT ST MOBILE,AL36604	DIRECTOR 000.00	5,884
WILLIAM LYON	DIRECTOR 000.00	5,884
1211 GOVERNMENT ST MOBILE,AL36604	DIRECTOR 000.00	5,884

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...................

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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,161,059

Average of monthly cash balances.......................

611,046

Fair market value of all other assets (see instructions)................

42,627

Total (add lines 1a, b, and c).........................

1,814,732

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,814,732

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

27,221

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

1,787,511

Minimum investment return. Enter 5% of line 5..................

89,376

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.)

Minimum investment return from Part X, line 6....................

89,376

Tax on investment income for 2020 from Part VI, line 5......

606

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

606

Distributable amount before adjustments. Subtract line 2c from line 1............

88,770

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

88,770

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

88,770

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

100,000

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

100,000

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

100,000

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7			88,770
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
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......	1,943
d From 2018......	6,656
e From 2019......	989
fTotal of lines 3a through e........		9,588
4Qualifying distributions for 2020 from Part
XII, line 4: $ 100,000
a Applied to 2019, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2020 distributable amount.....			88,770
e Remaining amount distributed out of corpus		11,230
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		20,818
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 ..........			0
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 ......		20,818
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....	1,943
c Excess from 2018....	6,656
d Excess from 2019....	989
e Excess from 2020....	11,230

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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).)

CAROLYN H CONN

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

JOHN CAROLYN CONN EDUCATION FD
P O DRAWER 920
ATMORE,AL36504
(251) 368-3186

bThe form in which applications should be submitted and information and materials they should include:

NOT AVAILABLE AT THIS TIME

cAny submission deadlines:

SET ANNUALLY

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SCHOLARSHIP APPLICANTS LIMITED TO STUDENTS LIVING IN RURAL ESCAMBIA COUNTY, FLORIDA AND ESCAMBIA COUNTY, AL

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF ALABAMA 284 ROSE ADMIN BLDG TUSCALOOSA,AL354870122	NONE	501(C)(3)	CONSTRUCTION NEW FACILITY	100,000
Total ................................. 3a				100,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	65,444
4 Dividends and interest from securities....			14	11,134
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.....					3,021
8 Gain or (loss) from sales of assets other than inventory ............					-30,564
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)..				76,578	-27,543

13Total. Add line 12, columns (b), (d), and (e)..................

49,035

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2020 GainLossSaleOtherAssetsSch

Name:

JOHN AND CAROLYN CONN EDUCATIONAL

FOUNDATION INC

EIN:

46-1512209

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
300 SHS INTERNATIONAL PAPER	2020-08	PURCHASE	2020-07	10,953	10,887	66
100 SHS MICROSOFT CORP	2019-10	PURCHASE	2020-02	18,406	13,606	4,800
100 SHS MICROSOFT CORP	2020-02	PURCHASE	2020-04	16,972	16,459	513
1000 SHS PARSLEY ENERGY INC	2020-06	PURCHASE	2020-06	11,800	11,140	660
500 SHS SAGE THERAPEUTICS INC	2020-07	PURCHASE	2020-12	36,349	23,566	12,783
200 SHS TENCENT HOLDINGS LTD	2018-02	PURCHASE	2020-03	9,235	11,835	-2,600
1000 SHS WILLIAMS COS INC		PURCHASE	2020-05	20,020	17,580	2,440
25000 SHS ANTERO RES CORP	2019-07	PURCHASE	2020-08	20,750	23,538	-2,788
25000 SHS ANTERO RES CORP	2019-09	PURCHASE	2020-08	20,750	23,100	-2,350
75000 SHS BARCLAYS BANK	2020-04	PURCHASE	2020-09	75,000	75,129	-129
45000 SHS BED BATH & BEYOND INC		PURCHASE	2020-01	35,168	35,023	145
12000 SHS BED BATH BEYOND INC	2018-07	PURCHASE	2020-08	8,040	9,338	-1,298
8000 SHS BED BATH BEYOND INC	2018-07	PURCHASE	2020-09	5,540	6,226	-686
50000 SHS EQT CORP		PURCHASE	2020-05	41,438	44,555	-3,117
35000 SHS FORD MOTOR CO	2020-05	PURCHASE	2020-07	39,298	34,300	4,998
20000 SHS GULFPORT ENERGY CORP	2019-11	PURCHASE	2020-04	9,816	16,366	-6,550
25000 SHS HILLENBRAND INC	2019-09	PURCHASE	2020-02	26,718	25,066	1,652
25000 SHS JUNIPER NETWORKS INC	2019-08	PURCHASE	2020-04	25,801	25,088	713
15000 SHS KEMPER CORP	2018-01	PURCHASE	2020-04	15,240	15,411	-171
25000 SHS OCEANEERING INTL INC		PURCHASE	2020-12	22,750	24,976	-2,226
40000 SHS OCEANEERING INTL INC		PURCHASE	2020-01	39,412	40,513	-1,101
20000 SHS ORACLE CORP	2019-12	PURCHASE	2020-03	20,655	21,392	-737
25000 SHS PPG INDS INC	2019-12	PURCHASE	2020-04	26,205	25,078	1,127
30000 SHS PENNYMAC CORP		PURCHASE	2020-05	30,000	29,635	365
25000 SHS PETROLEOS MEXICANOS	2016-12	PURCHASE	2020-08	24,654	22,905	1,749
50000 SHS PETROLEOS MEXICANOS		PURCHASE	2020-12	44,649	50,552	-5,903
30000 SHS PETRO MEXICANOS	2016-12	PURCHASE	2020-09	28,667	27,605	1,062
30000 SHS PETROLEOS MEXICANOS	2017-01	PURCHASE	2020-11	27,867	27,850	17
50000 SHS PETROLEOS MEXICANOS		PURCHASE	2020-05	33,553	44,307	-10,754
15000 SHS PETROLEOS MEXICANOS	2018-12	PURCHASE	2020-12	12,909	13,028	-119
35000 SHS PETROLEOS MEXICANOS		PURCHASE	2020-12	30,639	30,847	-208
15000 SHS PROSPECT CAP CORP	2017-01	PURCHASE	2020-04	15,000	15,005	-5
20000 SHS SEACOR HLDGS INC	2016-10	PURCHASE	2020-09	20,000	17,030	2,970
15000 SHS SEAGATE HDD CAYMAN	2017-02	PURCHASE	2020-01	16,194	14,345	1,849
100000 SHS US TREASURY BILL	2020-05	PURCHASE	2020-08	100,000	99,975	25
30000 SHS VISTA OUTDOOR INC		PURCHASE	2020-02	29,661	29,451	210
70000 SHS XEROX CORP		PURCHASE	2020-01	64,576	57,373	7,203
41000 SHS ZION BANCORP NA	2020-06	PURCHASE	2020-09	41,000	40,988	12
2800 SHS TORTOISE ENERGY		PURCHASE	2020-02	44,519	72,151	-27,632
1000 SHS ENABLE MIDSTREAM	2019-08	PURCHASE	2020-05	4,135	11,684	-7,549

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

JOHN AND CAROLYN CONN EDUCATIONAL

FOUNDATION INC

EIN:

46-1512209

Name of Bond	End of Year Book Value	End of Year Fair Market Value
PENNYMAC CORP-30000
PETROLEOS MEXICANOS-25000
PETRO MEXICANOS-30000
GREAT SOUTHN BANCORP INC-20000	20,605	19,994
SEACOR HDLGS INC-20000
PROSPECT CAPITAL-15000
NEW YORK MTG TR INC-15000	14,761	14,778
TWO HBRS INVT CORP-15000	15,361	14,963
VISTA OUTDOOR INC-15000
PETROLEOS MEXICANOS-20000	19,642	21,007
OCEANEERING INTL INC-50000	49,564	45,500
PETROLEOS MEXICANOS-30000
EAGLE BANCORP INC-20000	20,830	20,092
SEAGATE HDD CAYMAN
PETROLEOS MEXICANOS-25000	21,567	21,500
TRANSCANADA PIPELINES-100000	94,923	78,214
TCP CAP CORP-25000	25,068	25,003
KEMPER CORP-15000
BED BATH & BEYOND INC-45000
XEROX CORP-70000
BED BATH & BEYOND-20000
VISTA OUTDOOR INC-15000
OCEANEERING INTL INC-25000	23,896	22,750
OCEANEERING INTL INC-40000
PETROLEOS MEXICANOS-25000	23,719	21,500
PETROLEOS MEXICANOS-60000	54,728	54,990
PETROLEOS MEXICANOS-35000
PETROLEOS MEXICANOS-15000
ANTERO RES CORP-50000
GULFPORT ENERGY CORP-20000
ARES CAP CORP-25000	25,005	26,313
SOUTHWESTERN ENERGY CO-40000	35,814	41,600
PROSPECT CAP CORP-50000	50,110	51,333
HILLENBRAND INC-25000
EQT CORP-50000
PETROLEOS MEXICANOS-50000	48,999	51,833
JUNIPER NETWORKS INC-25000
PPG INDS INC-25000
APACHE CORP-25000	25,039	26,250
ORACLE CORP-20000
HCI GROUP INC-20000	19,955	20,790
PETROLEOS MEXICANOS-45000
PETROLEOS MEXICANOS-15000
PETROLEOS MEXICANOS-35000
TRANSCANADA PIPELINES-25000	20,712	19,554
US TREASURY BILL-150000	149,970	149,999
PETROLEOS MEXICANOS-25000	25,033	29,512
QUANTA SVCS INC	20,540	21,443

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

JOHN AND CAROLYN CONN EDUCATIONAL

FOUNDATION INC

EIN:

46-1512209

Name of Stock	End of Year Book Value	End of Year Fair Market Value
DOMINION ENERGY INC-200 SHS	16,385	15,040
BP PLC-600 SHS	13,727	6,156
CALLON PETROLEUM-500 SHS	4,913	818
ROYAL DUTCH SHELL-500 SHS	34,610	17,570
TENCENT HOLDINGS LTD-200 SHS
ANTERO MIDSTREAM CORP-1000 SHS	10,930	7,710
CALLON PETROLEUM-2500 SHS	18,786	3,130
HELMERICH & PAYNE INC-500 SHS	24,959	11,580
MICROSOFT CORP-100 SHS
NEW RESIDENTIAL INV CORP NEW-1000 SH	14,850	9,940
OCCIDENTAL PETROLEUM CORP-700 SHS	27,475	12,117
ROYAL DUTCH SHELL-500 SHS	32,117	17,570
VIPER ENERGY PARTNERS LP-500 SHS	16,956	5,810
WILLIAMS COS INC-500 SHS
OCCIDENTAL PETROLEUM CORP-500 SHS	16,243	8,655
AT&T INC-500 SHS	15,400	14,380
ALLSTATE CORP-300 SHS	29,700	32,979
ALTRIA GROUP INC-500 SHS	18,245	20,500
APPLE INC-200 SHS	22,873	26,538
ATHIRA PHARMA INC-500 SHS	9,220	17,125
CHEVRON CORP-300 SHS	24,984	25,335
FIBROGEN INC-400 SHS	16,013	14,836
PHILIP MORRIS INTL INC-300 SHS	22,179	24,837
SEAGATE TECHNOLOGY PLC-400 SHS	19,262	24,864
TRITON INTL LTD CL A-500 SHS	18,016	24,255
SOUTHERN COMPANY-1000 SHS	23,480	27,310

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

JOHN AND CAROLYN CONN EDUCATIONAL

FOUNDATION INC

EIN:

46-1512209

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ALLIANCEBERNSTEIN HOLDING-500	AT COST	12,740	16,885
ENABLE MIDSTREAM PARTNERS-1000	AT COST
ENERGY TRANSFER LTD PARTNERSHIP-4000	AT COST	51,300	24,720
OCCIDENTAL PETE CORP	AT COST	743	1,022

- TIN:

TY 2020 OtherExpensesSchedule

Name:

JOHN AND CAROLYN CONN EDUCATIONAL

FOUNDATION INC

EIN:

46-1512209

Description	Revenue and Expenses per Books	Net Investment Income
EXPENSES
MISCELLANEOUS FEES	6	6
ADVISORY FEES	28,741	28,741
ENABLE MIDSTREAM PARTNERS K-1	1,239	1,239
ENERGY TRANSFER LP K-1 NET	4,903	4,903

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

JOHN AND CAROLYN CONN EDUCATIONAL

FOUNDATION INC

EIN:

46-1512209

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ANTERO OTHER INCOME	1,500	1,500	1,500
BED BATH BEYOND OTHER INCOME	600	600	600
ALLIANCEBERNSTEIN HOLDING K-1	921	921	921

- TIN:

TY 2020 TaxesSchedule

Name:

JOHN AND CAROLYN CONN EDUCATIONAL

FOUNDATION INC

EIN:

46-1512209

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX	287	287