Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE ROBERT E FRAZIER TRI-CITY AREA
CHARITABLE FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)333 WEST VINE STREET NO 1500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LEXINGTON, KY40507
A Employer identification number

45-3278636
B Telephone number (see instructions)

(859) 255-8581
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$7,604,120J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,540 2,540  
4 Dividends and interest from securities... 141,751 139,843  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 27,661
b Gross sales price for all assets on line 6a 3,429,466
7 Capital gain net income (from Part IV, line 2)... 27,661
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).......      
12 Total. Add lines 1 through 11........ 171,952 170,044  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 33,000 3,000   30,000
14 Other employee salaries and wages...... 14,400 0   14,400
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 21,713 2,618   19,095
c Other professional fees (attach schedule).... Click to see attachment 28,996 28,800   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,414 396   1,102
19 Depreciation (attach schedule) and depletion... Click to see attachment 258 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,378 67   6,311
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 108,159 34,881   70,908
25 Contributions, gifts, grants paid....... 331,305 331,305
26 Total expenses and disbursements. Add lines 24 and 25 439,464 34,881   402,213
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -267,512
b Net investment income (if negative, enter -0-) 135,163
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............. 24,653 13,735 13,735
2 Savings and temporary cash investments......... 408,231 295,263 295,263
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) 676,967 Click to see attachment224,771 228,922
b Investments—corporate stock (attach schedule)....... 1,346,515 Click to see attachment1,878,019 2,422,004
c Investments—corporate bonds (attach schedule)....... 1,730,222 Click to see attachment1,906,763 1,973,827
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,701,010 Click to see attachment2,304,354 2,667,046
14 Land, buildings, and equipment: basis bullet3,532
Less: accumulated depreciation (attach schedule) bullet690 0 Click to see attachment2,842 2,842
15 Other assets (describe bullet) Click to see attachment882 Click to see attachment481 Click to see attachment481
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,888,480 6,626,228 7,604,120
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) Click to see attachment17 Click to see attachment150
23 Total liabilities (add lines 17 through 22)......... 17 150
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........ 6,888,463 6,626,078
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 6,888,463 6,626,078
30 Total liabilities and net assets/fund balances (see instructions). 6,888,480 6,626,228
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
6,888,463
2
Enter amount from Part I, line 27a .....................
2
-267,512
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,127
4
Add lines 1, 2, and 3 ..........................
4
6,626,078
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,626,078
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 PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
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 3,429,320   3,401,805 27,515
b 146     146
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       27,515
b       146
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 27,661
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,879
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 0
3 Add lines 1 and 2........................... 3 1,879
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,879
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 2,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 521
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet521 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    No
    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)
    bulletKY
    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 .Click to see attachment
    8b
     
    No
    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
    Yes
     
    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 addressbulletWWW.ROBERTEFRAZIERFOUNDATION.ORG
    14
    The books are in care ofbulletGREENE & GREENE CPAS Telephone no.bullet (606) 248-3456

    Located atbullet2201 1/2 CUMBERLAND AVENUEMIDDLESBOROKY ZIP+4bullet409652832
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CHARLES D COLEClick to see attachment PRESIDENT/DIRECTOR
    3.00     		15,000 0 4,500
    1010 FINCASTLE ROAD
    LEXINGTON,KY40502
    ALMA CORNETT SECRETARY/DIRECTOR
    1.00     		0 0 4,500
    604 SPRING STREET
    CUMBERLAND,KY40823
    CHRISTOPHER B HOGUE DIRECTOR
    1.00     		0 0 4,500
    105 BILLIPS AVENUE
    CUMBERLAND,KY40823
    VERA ISON TREASURER/DIRECTOR
    0.00     		0 0 0
    5680 KENTUCKY HIGHWAY 699
    SLEMP,KY41763
    ROGER M ROPER DIRECTOR
    1.00     		0 0 4,500
    1953 WESTMEATH PLACE
    LEXINGTON,KY40503
    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 0
    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.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,526,718
    b
    Average of monthly cash balances.......................
    1b
    581,462
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    7,108,180
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    7,108,180
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    106,623
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    7,001,557
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    350,078
    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
    350,078
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,879
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,879
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    348,199
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    5,127
    5
    Add lines 3 and 4............................
    5
    353,326
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    353,326
    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
    402,213
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    3,100
    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
    405,313
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    405,313
    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 7 353,326
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 322,925
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 405,313
    a Applied to 2019, but not more than line 2a 322,925
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 82,388
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		270,938
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    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:
    BOBBIE GOTHARD
    506 WEST MAIN STREET
    CUMBERLAND,KY40823
    (606) 589-5151
    TCMAINSTREET@WINDSTREAM.NET
    bThe form in which applications should be submitted and information and materials they should include:
    REQUEST FOR GRANTS MUST BE SUBMITTED PURSUANT TO THE FOUNDATION'S GRANT APPLICATION PROCESS. TO FACILITATE THE PROCESS THE FOUNDATION HAS PRODUCED DOCUMENTS TITLED "GRANT GUIDELINES," "GRANT APPLICATION INSTRUCTIONS, AND "BUDGET INFORMATION FORM." THESE DOCUMENTS ARE AVAILABLE AT THE ADDRESS FOR SUBMITTING GRANT APPLICATIONS IDENTIFIED AT ITEM 2A ABOVE. EACH GRANT APPLICATION REQUIRES SPECIFIC INFORMATION REGARDING THE POTENTIAL DONEE ORGANIZATION TO INCLUDE DOCUMENTATION OF RECOGNIZED PUBLIC CHARITY STATUS, CURRENT FINANCIAL INFORMATION, THE ORGANIZATION'S MISSION, AND MATERIAL SERVICES PROVIDED. IN ADDITION, A DETAILED DESCRIPTION OF THE PROPOSED PROJECT IS REQUIRED ALONG WITH APPLICABLE BUDGET INFORMATION RELATING TO THE PROJECT.
    cAny submission deadlines:
    BY APRIL 30 AND OCTOBER 31 TO BE CONSIDERED IN SEMI-ANNUAL MEETINGS IN MAY AND NOVEMBER.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE AWARDED TO ORGANIZATIONS FOR PURPOSES DESCRIBED IN CODE SECTION 501(C)(3) AND FOR WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER CODE SECTIONS 170(C), 2055(A), AND 2522(A), BUT ARE LIMITED TO CONTRIBUTIONS THAT PRIMARILY BENEFIT THE CITY AND CITIZENRY OF CUMBERLAND, KENTUCKY, AND THE TRI-CITY AREA OF CUMBERLAND, BENHAM, AND LYNCH, KENTUCKY. GRANT RECIPIENTS ARE SELECTED BASED ON MERIT WITH PREFERENCE GIVEN TO GRANTS WHICH ARE SUBJECT TO MATCHING AWARDS. HOWEVER, GRANTS WILL NOT BE MADE TO OR FOR INDIVIDUALS; RELIGIOUS ORGANIZATIONS FOR RELIGIOUS PURPOSES; INTERNATIONAL ORGANIZATIONS WITHOUT A QUALIFIED DOMESTIC 501(C)(3) REPRESENTATIVE; PRIVATE FOUNDATIONS (OTHER THAN OPERATING FOUNDATIONS); ENDOWMENTS OR OTHER DISCRETIONARY FUNDING POOLS; DINNERS, BALLS, OR OTHER TICKETED EVENTS; POLITICAL PURPOSES; LOBBYING ACTIVITIES; AND PURPOSES OUTSIDE THE FOUNDATION'S SPECIFIED FUNDING PRIORITIES.
    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
    CITY OF BENHAM KENTUCKY (#1)
    230 MAIN STREET
    BENHAM,KY40807     		N/A GOV FUND ACQUISITION OF ONE TRUCK EACH FOR WATER AND MAINTENANCE DEPARTMENTS. 20,000
    CITY OF BENHAM KENTUCKY (#2)
    230 MAIN STREET
    BENHAM,KY40807     		N/A GOV FUND RESTORATION AND IMPROVEMENTS TO CITY FACILITIES AND PARKS. 10,509
    CITY OF CUMBERLAND TOURIST AND CONVENTION COMMISSION (#1)
    506 WEST MAIN STREET
    CUMBERLAND,KY40823     		N/A GOV FUND ARTISTICALLY DECORATED FENCE FOR EXTENSION OF "PUBLIC SQUARE." 8,966
    CITY OF CUMBERLAND KENTUCKY (#1)
    402 WEST MAIN STREET
    CUMBERLAND,KY40823     		N/A GOV FUND PURCHASE OF REPAIR PARTS FOR WATER AND SEWER SYSTEMS. 26,333
    CITY OF CUMBERLAND KENTUCKY (#2)
    402 WEST MAIN STREET
    CUMBERLAND,KY40823     		N/A GOV FUND PURCHASE OF TELLER WINDOW FOR CITY HALL BUILDING. 7,619
    CITY OF CUMBERLAND KENTUCKY (#3)
    402 WEST MAIN STREET
    CUMBERLAND,KY40823     		N/A GOV FUND PURCHASE OF FLOCCULATOR AND MOTOR FOR WATER TREATMENT SYSTEM. 12,688
    CITY OF CUMBERLAND KENTUCKY (#4)
    402 WEST MAIN STREET
    CUMBERLAND,KY40823     		N/A GOV FUND PURCHASE OF TRASH CONTAINERS FOR MAIN STREET. 4,050
    CITY OF LYNCH KENTUCKY (1)
    6 EAST MAIN STREET
    LYNCH,KY40855     		N/A GOV FUND PURCHASE OF 300 GALLON TRAILER SEWER JETTER. 32,895
    CITY OF LYNCH KENTUCKY (2)
    6 EAST MAIN STREET
    LYNCH,KY40855     		N/A GOV FUND PURCHASE OF USED SERVICE TRUCK. 10,000
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#1)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUND AMERICORPS VOLUNTEER INSTRUCTIONAL ASSISTANTS FOR GRADES K-3 LITERACY INTERVENTION FOR THE 2020-2021 SCHOOL YEAR AND THE 2021 SUMMER SESSION. 6,500
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#10)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUND PURCHASE OF "SIMPLE SOLUTIONS" RESOURCE BOOKS TO SUPPLEMENT MATHEMATICS AND SCIENCE TEXTBOOKS FOR GRADES 3-8. 11,276
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#2)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUND AMERICORPS VOLUNTEER INSTRUCTIONAL ASSISTANTS FOR GRADES 3-5 MATHEMATICS INTERVENTION FOR THE 2020-2021 SCHOOL YEAR AND THE 2021 SUMMER SESSION. 6,500
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#3)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUND COMPUTER BASED "READING PLUS" LITERACY INTERVENTION PROGRAM FOR USE BY APPROXIMATELY 369 STUDENTS IN GRADES 3-8. 9,450
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#4)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUND PURCHASE OF SCORING TABLE, STORAGE LOCKERS, END ZONE AND ROCK WALL PADDING, MISCELLANEOUS EQUIPMENT, AND SUPPLIES FOR GRADES 5-8 GIRLS BASKETBALL. 14,223
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#5)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUND SEPARATE "TYPING CLUB" PROGRAMS FOR GRADES K-2 AND GRADES 3-8 FOR THE 2020-2021 AND 2021-2022 SCHOOL YEARS. 2,925
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#6)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUND TEACHER TRAINING, TEAM SHIRTS, STUDY MATERIALS, AND END-OF-YEAR CELEBRATION TRIP FOR GRADES 6-8 ACADEMIC TEAM. 4,350
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#7)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUND FOOD ITEMS FOR WEEKEND "BACKPACK" PROGRAM FOR PERIOD NOVEMBER 1, 2020, TO OCTOBER 31, 2021. 10,000
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#8)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUNDING FOR 2021 "SUMMER CAMP" EDUCATION PROGRAM. 5,000
    CUMBERLAND ELEMENTARY SCHOOL HARLAN COUNTY BOARD OF EDUCATION (#9)
    322 GOLF COURSE ROAD
    CUMBERLAND,KY40823     		N/A GOV FUND PURCHASE OF 32 CHROMEBOOKS AND CART WITH POWER SWITCH TO SUPPORT SOCIAL STUDIES STUDENTS IN GRADES 5 AND 6. 8,351
    HARLAN COUNTY KENTUCKY BOARD OF EDUCATION
    251 BALL PARK ROAD
    HARLAN,KY40831     		N/A GOV FUND GRANTEE-AWARDED POST-SECONDARY SCHOLARSHIPS TO "TRI-CITY" AREA STUDENTS. 20,000
    HARLAN COUNTY KENTUCKY FISCAL COURT (#1)
    210 EAST CENTRAL STREET
    HARLAN,KY40831     		N/A GOV PARTIAL FUNDING FOR CONSTRUCTION OF NEW ROOF FOR HISTORIC LYNCH DEPOT BUILDING. 20,000
    HARLAN COUNTY KENTUCKY FISCAL COURT (#2)
    210 EAST CENTRAL STREET
    HARLAN,KY40831     		N/A GOV FUND IMPROVEMENTS TO CLUBHOUSE AT MUNICIPAL TRI-CITY SLEEPY HOLLOW GOLF COURSE. 12,500
    HERITAGE MINISTRIES INC
    PO BOX 821
    LYNCH,KY40855     		N/A PC FUND HOME REPAIR MATERIALS FOR 7 ECONOMICALLY DISADVANTAGED FAMILIES. 5,770
    HERITAGE MINISTRIES INC
    PO BOX 821
    LYNCH,KY40855     		N/A PC PARTIAL FUNDING FOR COMMUNITY "EMPTY STOCKING" PROGRAM TO AID ECONOMICALLY DISADVANTAGED PERSONS. 10,000
    SOUTHEAST KENTUCKY COMMUNITY & TECHNICAL COLLEGE
    700 COLLEGE ROAD
    CUMBERLAND,KY40823     		N/A GOV STUDENT LENDING PROGRAM FUNDING FOR PURCHASE OF CHROMEBOOKS, SCIENTIFIC CALCULATORS, STORAGE CARTS, AND PERSONNEL SUPPORT. 29,400
    TRI-CITIES HERITAGE DEVELOPMENT CORPORATION
    506 WEST MAIN STREET
    CUMBERLAND,KY40823     		N/A PC PARTIAL FUNDING FOR ELECTRICAL SERVICE AT EASTERN KENTUCKY VETERANS MEMORIAL AND WALKING TRAIL. 10,000
    TRI-CITY LITTLE LEAGUE INC
    PO BOX 483
    BENHAM,KY40807     		N/A PC FUND PURCHASE OF LAWN MOWER, BACKSTOP NETTING, SAFETY FENCE CAPPING, PLAYER CATCHING EQUIPMENT AND REGISTRATION FEES FOR ECONOMICALLY DISADVANTAGED, AND SUPPLY OF BASEBALLS AND SOFTBALLS. 12,000
    Total .................................bullet 3a 331,305
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		        2,540
    4 Dividends and interest from securities....         141,751
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        27,661
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 0 171,952
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    171,952
    (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.)
    3 INCOME EARNED TO SUPPORT CHARITABLE CONTRIBUTIONS OR GRANTS
    4 INCOME EARNED TO SUPPORT CHARITABLE CONTRIBUTIONS OR GRANTS
    8 INCOME EARNED TO SUPPORT CHARITABLE CONTRIBUTIONS OR GRANTS
    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:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX RETURN PREPARATION 21,713 2,618   19,095

    TY 2020 CompensationExplanation
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Person Name Explanation
    DIRECTORS AND OFFICERS THE DIRECTORS AND OFFICERS SERVE ON A VOLUNTARY BASIS. HOWEVER, FOR 2020, PER MEETING STIPENDS TOTALING $4,500 WERE PAID TO EACH OF FOUR DIRECTORS (OFFICERS OF THE CORPORATION ARE ALSO DIRECTORS) TO COVER TRAVEL AND INCIDENTAL EXPENSES RELATING TO THEIR DUTIES AND RESPONSIBILITIES AND FOR ATTENDANCE AT FIVE SCHEDULED MEETINGS. IN ADDITION, COMPENSATION FOR THE PRESIDENT, EXCLUSIVE OF THE DIRECTOR MEETING FEES, AMOUNTED TO $15,000 FOR 2020.

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

    TY 2020 DepreciationSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER 2012-10-01 2,959 2,959 SL 5.000000000000 0 0    
    COMPUTER DESK 2012-12-27 432 432 SL 7.000000000000 0 0    
    COMPUTERS, PRINTERS, OTHER TECH EQUIP 2020-07-24 3,100   SL 5.000000000000 258 0    

    TY 2020 ExplnOfNonFilingWithAGStmt
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Statement:
    PURSUANT TO KENTUCKY REVISED STATUTE 367.657, ONLY ORGANIZATIONS SOLICITING CONTRIBUTIONS ARE REQUIRED TO FILE FORM 990 (FORM 990-PF) WITH THE SECRETARY OF STATE. THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE TRUST FOUNDATION HAS NOT SOLICITED CONTRIBUTIONS IN KENTUCKY OR IN OTHER STATES.

    TY 2020 GeneralExplanationAttachment
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Identifier Return Reference Explanation
    DISREGARDED SINGLE-MEMBER LLC FORM 990-PF, PART VII-A, LINE 11 THIS FORM 990-PF FOR THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC. INCLUDES THE TRANSACTIONS FOR ITS CONTROLLED SINGLE-MEMBER LIMITED LIABILITY COMPANY, THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE GRANT FOUNDATION, LLC (46-4387129), 333 WEST VINE STREET, SUITE 1500, LEXINGTON, KY 40507. THE LIMITED LIABILITY COMPANY WAS ORGANIZED TO HANDLE DAILY OPERATIONS, GRANT-MAKING PROCESSES, AND RELATED ADMINISTRATION, AND THEREBY SEPARATE THESE FUNCTIONS FROM THE INVESTMENT ACTIVITIES PERFORMED BY ITS SOLE MEMBER, THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC. ALTHOUGH A SEPARATE ENTITY FROM ITS SOLE MEMBER, THE LIMITED LIABILITY COMPANY IS A DISREGARDED ENTITY PURSUANT TO THE PROVISIONS OF TREASURY REGULATION PARAGRAPHS 301.7701-2(C)(2)(I) AND 301.7701-3(B)(1)(II) UNDER THE INTERNAL REVENUE CODE OF 1986. ACCORDINGLY, THE SINGLE-MEMBER LIMITED LIABILITY COMPANY IS NOT AN EXCESS BUSINESS HOLDING. FURTHER, TRANSFERS TO OR FROM THIS DISREGARDED ENTITY ARE NOT REPORTABLE.
    ELECTION TO AMORTIZE BOND PREMIUMS FORM 990-PF, PART I, LINE 4 THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC., AS SUCCESSOR TO THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE TRUST FOUNDATION IN A COMPLETE TRANSFER OF ASSETS EFFECTED IN CALENDAR YEAR 2014 PURSUANT TO INTERNAL REVENUE CODE SECTION 507(B)(2), RELATED TREASURY REGULATIONS 1.507-3(C)(1) AND 1.507-4(B), AND REVENUE RULING 2002-28, CONTINUES TO AMORTIZE BOND PREMIUMS PURSUANT TO ELECTION UNDER INTERNAL REVENUE CODE SECTION 171(C) AND RELATED TREASURY REGULATION 1.171-4(A) INITIALLY MADE FOR THE 2013 CALENDAR YEAR BY THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE TRUST FOUNDATION.
    ELECTION TO ACCRUE BOND MARKET DISCOUNT FORM 990-PF, PART I, LINE 4 PURSUANT TO INTERNAL REVENUE CODE SECTION 1278(B) AND THE AUTOMATIC CONSENT PROCEDURE OUTLINED IN REVENUE PROCEDURE 92-67, THE ROBERT E. FRAZIER TRI-CITY AREA CHARITABLE FOUNDATION, INC. ELECTED, EFFECTIVE FOR THE 2017 CALENDAR YEAR, TO INCLUDE ACCRUED MARKET DISCOUNT IN GROSS INCOME USING THE CONSTANT INTEREST RATE METHOD. ACCORDINGLY, THIS ELECTION APPLIES TO ALL MARKET DISCOUNT BONDS, REGARDLESS OF ISSUE DATE, ACQUIRED ON OR AFTER THE FIRST DAY OF THE 2017 TAX YEAR.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Name of Bond End of Year Book Value End of Year Fair Market Value
    APPLE INC 2.4% DTD 05/03/13 99,098 104,896
    BANK OF NEW YORK MELLON CORP 2.6% DTD 2/7/17 98,671 102,370
    COCA-COLA CO 2.5% DTD 3/5/13 147,849 157,578
    GENERAL DYNAMICS 3.25% DTD 3/25/20 110,272 110,419
    INTEL CORP 3.3% DTD 9/19/11 151,096 153,330
    NATIONAL RURAL UTILITIES COOP 2.3% DTD 8/30/17 97,345 103,162
    NATIONAL RURAL UTILITIES COOP 2.4% DTD 04/25/17 99,262 102,581
    PACCAR FINANCIAL CORP 2.3% DTD 8/10/17 100,230 103,356
    ROYAL BANK OF CANADA 2.25% DTD 10/24/19 105,861 106,381
    SHELL INTERNATIONAL FINANCE 1.75% DTD 9/12/16 149,026 151,467
    SIMON PROPERTY 2.625% DTD 6/1/17 49,356 51,311
    TORONTO DOMINION BANK 2.65% DTD 6/12/19 106,756 107,152
    TOYOTA MOTOR CREDIT CORP 2.25% DTD 10/18/16 144,982 157,821
    UNITED PARCEL SERVICE 2.45% DTD 9/27/12 98,490 103,726
    US BANCORP 4.125% DTD 5/24/11 100,996 101,160
    VISA INC 2.15% DTD 09/11/17 123,343 128,880
    WALT DISNEY CO 2.45% DTD 03/06/17 124,130 128,237

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC - 310 SHS 27,321 33,217
    ACTIVISION BLIZZARD INC COMMON - 217 SHS 13,914 20,148
    ADOBE SYSTEM INC - 75 SHS 9,047 37,509
    AKAMAI TECHNOLOGIES COMMON - 179 SHS 11,011 18,793
    ALCON INC - 270 SHS 15,197 17,815
    ALIBABA GROUP HOLDING LTD - 173 SHS 51,788 40,262
    ALLEGION PLC - 146 SHS 17,859 16,991
    ALPHABET INC CLASS C - 18 SHS 12,535 31,534
    AMAZON.COM INC - 18 SHS 58,887 58,625
    AMERPRISE FINANCIAL INC - 142 SHS 19,405 27,595
    AMGEN INC - 87 SHS 15,905 20,003
    ANSYS INC - 100 SHS 12,617 36,380
    APTIV PLC - 158 SHS 11,266 20,586
    AT&T INC - 1,039 SHS 29,502 29,882
    AUTODESK INC - 149 SHS 35,168 45,496
    BALL CORP - 137 SHS 10,177 12,766
    BCE INC - 569 SHS 24,125 24,353
    BOSTON SCIENTIFIC - 299 SHS 10,286 10,749
    BRISTOL-MYERS SQUIBB CO COMMON - 170 SHS 11,621 10,545
    BRITISH AMERICAN TOBACCO ADR - 675 SHS 23,828 25,306
    BROADRIDGE FINANCIAL SOLUTIONS LLC - 72 SHS 7,009 11,030
    CABOT OIL AND GAS - 860 SHS 14,850 14,001
    CBRE GROUP INC COMMON - 307 SHS 12,180 19,255
    CERNER CORP - 241 SHS 14,401 18,914
    CHARLES SCHWAB CORP - 290 SHS 14,191 15,382
    CHEVRON CORP - 296 SHS 22,085 24,997
    CHUBB LTD - 94 SHS 13,272 14,468
    CISCO SYSTEMS INC - 380 SHS 13,974 17,005
    COMCAST CORP - 438 SHS 14,257 22,951
    CORTEVA INC - 589 SHS 14,649 22,806
    DANAHER CORP - 185 SHS 16,034 41,096
    DEERE & COMPANY - 121 SHS 28,465 32,555
    DISCOVERY INC C COMMON - 501 SHS 13,254 13,121
    DUKE ENERGY CORP - 244 SHS 22,758 22,341
    ENBRIDGE INC - 542 SHS 16,217 17,339
    EQUITY LIFESTYLES PROPERTIES - 141 SHS 7,165 8,934
    EXXON MOBIL - 521 SHS 18,199 21,476
    FACEBOOK INC A - 179 SHS 47,149 48,896
    FEDEX CORP - 98 SHS 14,626 25,443
    FISERV - 89 SHS 9,143 10,134
    FS NETWORKS INC - 77 SHS 10,710 13,547
    GENERAL DYNAMICS - 84 SHS 15,747 12,501
    GILEAD SCIENCES INC - 337 SHS 23,383 19,634
    HCA HOLDINGS INC - 143 SHS 9,824 23,518
    HOLOGIC INC - 314 SHS 12,196 22,869
    HOME DEPOT INC - 65 SHS 18,621 17,265
    INTUIT INC - 68 SHS 8,960 25,830
    JOHNSON CONTROLS INTL PLC - 396 SHS 14,821 18,450
    JPMORGAN CHASE & CO - 135 SHS 12,083 17,154
    LENNAR CORP - 485 SHS 20,968 36,972
    MARTIN MARIETTA MATERIALS - 75 SHS 15,951 21,298
    MEDTRONIC PLC - 179 SHS 14,593 20,968
    MICROCHIP TECHNOLOGY INC - 214 SHS 16,504 29,555
    MICROSOFT CORP - 163 SHS 7,620 36,254
    NATIONAL GRID GROUP ADR - 340 SHS 20,604 20,070
    NEXTERA ENERGY INC - 308 SHS 23,263 23,762
    NOVARTIS A G ADR - 157 SHS 10,580 14,825
    NVIDIA CORP - 77 SHS 42,368 40,209
    NXP SEMICONDUCTORS N V - 167 SHS 13,157 26,555
    ORACLE CORP - 513 SHS 31,360 33,186
    OSHKOSH TRUCK CLASS B - 199 SHS 13,758 17,128
    PARKER HANNIFIN CORP - 99 SHS 15,815 26,969
    PAYPAL HOLDINGS INC - 180 SHS 8,971 42,156
    PEPSICO INC - 133 SHS 18,464 19,724
    PFIZER INC - 752 SHS 26,168 27,681
    PHILLIP MORRIS INTERNATIONAL INC - 403 SHS 31,870 33,364
    PTC INC - 191 SHS 13,629 22,845
    QUALCOMM INC - 157 SHS 17,391 23,917
    REGENERON PHARMACUETICALS INC - 45 SHS 26,956 21,740
    RPM INC - 209 SHS 17,623 18,973
    SALESFORCE.COM INC - 144 SHS 38,130 32,044
    SONY CORP - 275 SHS 13,803 27,802
    SOUTHERN COMPANY - 358 SHS 20,990 21,992
    SUN COMMUNITIES INC - 63 SHS 6,782 9,573
    TEXAS INSTRUMENTS INC - 117 SHS 17,674 19,203
    THE COCA-COLA CO - 379 SHS 17,181 20,784
    TRUIST FINANCIAL CORP - 7,430 SHS 274,575 356,119
    TWITTER INC - 387 SHS 11,956 20,956
    TYSON FOODS INC - 222 SHS 19,905 14,306
    UNILEVER PLC - 327 SHS 20,634 19,738
    UNITED HEALTH GROUP INC - 77 SHS 9,154 27,002
    UNITED PARCEL SERVICES B - 99 SHS 17,316 16,672
    VERISK ANALYTICS INC - 130 SHS 11,401 26,987
    VERIZON COMMUNICATIONS INC - 510 SHS 30,229 29,963
    VIATRIS INC - 93 SHS 1,493 1,743
    VISA INC - 225 SHS 46,393 49,214
    VODAFONE GROUP PLC - 1,193 SHS 17,418 19,661
    XYLEM INC - 183 SHS 13,690 18,627

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    US Government Securities - End of Year Book Value:

    99,596
    US Government Securities - End of Year Fair Market Value:

    100,501
    State & Local Government Securities - End of Year Book Value:


    125,175
    State & Local Government Securities - End of Year Fair Market Value:


    128,421


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ISHARES CORE MSCI EMERGING MARKETS ETF - 3,694 AT COST 202,797 229,176
    ISHARES DJ SELECT DIVIDEND INDEX FD - 1,559 AT COST 138,752 149,945
    ISHARES MSCI EAFE GROWTH INDEX FD - 1,299 AT COST 119,625 131,082
    ISHARES MSCI EAFE INDEX FD - 1,899 AT COST 124,679 138,551
    ISHARES MSCI EAFE SMALL CAP INDEX FD - 1,874 AT COST 114,614 128,088
    ISHARES MSCI EAFE VALUE INDEX FD - 2,595 AT COST 125,154 122,484
    ISHARES RUSSELL 1000 GROWTH FD - 1,413 AT COST 316,383 340,731
    ISHARES RUSSELL 1000 VALUE INDEX FD - 1,164 AT COST 143,847 159,154
    ISHARES RUSSELL 2000 GROWTH FD - 181 AT COST 43,433 51,893
    ISHARES RUSSELL 2000 VALUE INDEX FD - 367 AT COST 40,021 48,352
    ISHARES RUSSELL MIDCAP GROWTH FD - 2,160 AT COST 118,019 221,724
    ISHARES RUSSELL MIDCAP INDEX FD - 773 AT COST 47,246 52,989
    ISHARES RUSSELL MIDCAP VALUE FD - 1,676 AT COST 116,282 162,505
    ISHARES S&P SMALL CAP 600 BARRA VALUE FD - 646 AT COST 35,371 52,526
    SPDR PORTFOLIO WORLD EXCEPT US ETF - 4,121 AT COST 124,660 139,084
    SPDR S&P ETF TRUST - 912 SHS AT COST 316,172 340,978
    VANGUARD EMERGING MARKET VIPERS - 3,947 AT COST 177,299 197,784

    TY 2020 LandEtcSchedule2
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER DESK 432 432 0  
    COMPUTERS, PRINTERS, OTHER TECH EQUIP 3,100 258 2,842 2,842


    TY 2020 OtherAssetsSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INVESTMENT COMPANY INCOME 882 2 2
    UNREALIZED PURCHASED BOND INTEREST   479 479


    TY 2020 OtherExpensesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE ASSISTANCE 1,597 0   1,597
    OFFICE SUPPLIES AND EXPENSES 114 0   114
    GRANT AWARD RECEPTION EXPENSE 160 0   160
    TELECOMMUNICATIONS 258 0   258
    INSURANCE 3,286 0   3,286
    INTERNET WEBSITE MAINTENANCE 760 0   760
    ADR FEES 67 67   0
    MISCELLANEOUS EXPENSES 136 0   136


    TY 2020 OtherIncreasesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Description Amount
    REFUNDS OF PRIOR YEAR QUALIFYING DISTRIBUTIONS 5,127


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Description Beginning of Year - Book Value End of Year - Book Value
    STATE INCOME TAX WITHHELD FROM WAGES 17 150


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BB&T - INVESTMENT MANAGEMENT FEES 28,996 28,800   0


    TY 2020 TaxesSchedule
    Name:
    THE ROBERT E FRAZIER TRI-CITY AREA
     
    CHARITABLE FOUNDATION INC
    EIN:
    45-3278636
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 396 396   0
    PAYROLL TAXES 1,102 0   1,102
    EXCISE TAX ON INVESTMENT INCOME (2020 ESTIMATED TAX) 1,916 0   0