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
KARL & GEORGIA MARTIN SRANNA BELLE
FLYNN KARL & JUNE MARTIN JR FDN

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 14940
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
OKLAHOMA CITY, OK73113

A Employer identification number

73-1504147

B Telephone number (see instructions)

(405) 840-8401

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

$8,933,717J 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	25,904		25,904	25,904
4	Dividends and interest from securities...	135,583		135,583	135,583
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		385,199
b	Gross sales price for all assets on line 6a 2,264,158
7	Capital gain net income (from Part IV, line 2)...			12,056
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).......		219,254	218,070	219,254
12	Total. Add lines 1 through 11........	765,940		391,613	380,741
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		25	25	25
b	Accounting fees (attach schedule).......		7,149	7,149	7,149
c	Other professional fees (attach schedule)....		69,312	69,312	69,312
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		13,285	13,285	13,285
19	Depreciation (attach schedule) and depletion...		31,210	31,210	31,210
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		24,810	24,810	24,810
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	145,791		145,791	145,791	0
25	Contributions, gifts, grants paid.......	755,000				755,000
26	Total expenses and disbursements. Add lines 24 and 25	900,791		145,791	145,791	755,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-134,851
b	Net investment income (if negative, enter -0-)			245,822
c	Adjusted net income (if negative, enter -0-)...				234,950

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.............	4,884	14,618	14,618
	2	Savings and temporary cash investments.........	765,441	439,812	439,812
	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).......	2,968,865	3,083,625	5,157,774
	c	Investments—corporate bonds (attach schedule).......	2,160,213	2,229,373	2,527,876
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	524,235	524,235	793,637
	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)	6,423,638	6,291,663	8,933,717
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		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........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	6,423,638	6,291,663
	29	Total net assets or fund balances (see instructions).....	6,423,638	6,291,663
	30	Total liabilities and net assets/fund balances (see instructions).	6,423,638	6,291,663

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

6,423,638

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

-134,851

Other increases not included in line 2 (itemize) bullet

31,210

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

6,319,997

Decreases not included in line 2 (itemize) bullet

28,334

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

6,291,663

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	12,056
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	3,417
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	3,417
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	3,417
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	2,720
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	2,720
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	697
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

WWW.TRUSTOK.COM

The books are in care of bullet

TRUST COMPANY OF OKLAHOMA Telephone no. bullet

(405) 840-8401

Located at bullet

P O BOX 14940OKLAHOMA CITYOK ZIP+4 bullet

73113

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
RICHARD A GORANSON	TRUSTEE 1.00	0	0	0
780 E BRITTON ROAD OKLAHOMA CITY,OK73114	TRUSTEE 1.00	0	0	0
JOE WOMACK	TRUSTEE 1.00	0	0	0
2001 WEST CHURCHILL STREET APT 201 CHICAGO,IL60647	TRUSTEE 1.00	0	0	0
EDWARD J HAVRILLA	TRUSTEE 1.00	0	0	0
780 E BRITTON ROAD OKLAHOMA CITY,OK73114	TRUSTEE 1.00	0	0	0

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	ASSISTANCE GIVEN TO THE REGIONAL FOOD BANK OF OKLAHOMA	75,000
2	ASSISTANCE GIVEN TO OKLAHOMA CITY UNIVERSITY.	50,000
3	SCHOLARHIPS FOR NURSING AT THE UNIVERSITY OF OKLAHOMA	50,000
4	SCHOLARSHIPS FOR THE SCHOOL OF NURSING AT THE UNIVERSITY OF CENTRAL OKLAHOMA	50,000

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

7,565,209

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

96,693

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

793,637

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

8,455,539

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

8,455,539

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

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

126,833

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

8,328,706

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

416,435

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

416,435

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

3,417

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

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

3,417

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

413,018

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

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

413,018

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

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

413,018

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 ..........

755,000

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

755,000

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

755,000

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			413,018
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......	15,506
b From 2016......	41,269
c From 2017......	109,826
d From 2018......	89,266
e From 2019......	85,267
fTotal of lines 3a through e........		341,134
4Qualifying distributions for 2020 from Part
XII, line 4: $ 755,000
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.....			413,018
e Remaining amount distributed out of corpus		341,982
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		683,116
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) ...		15,506
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		667,610
10 Analysis of line 9:
a Excess from 2016....	41,269
b Excess from 2017....	109,826
c Excess from 2018....	89,266
d Excess from 2019....	85,267
e Excess from 2020....	341,982

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).)

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:

JOE WOMACK
6307 WATERFORD BLVD STE 160
OKLAHOMA CITY,OK73118
(405) 840-8401

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

PREPRINTED APPLICATION SHOULD BE REQUESTED FROM THE FOUNDATION.

cAny submission deadlines:

APRIL 30 FOR THE FOLLOWING FALL SCHOOL YEAR

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

PRIMARY PURPOSE FOR OKLAHOMA COLLEGES AND NON PROFIT ORGANIZATIONS TO FURTHER THE EDUCATION OF STUDENTS IN THE FIELDS OF PETROLEUM,AEROSPACE ENGINEERING, ENERGY, ENGINEERING, EDUCATION, NURSING & OTHER FIELDS OF STUDY.

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
OKLAHOMA CITY UNIVERSITY 2501 N BLACKWELDER OKLAHOMA CITY,OK73106			PLEDGE TO SCHOOL	50,000
THE UNIVERSITY OF OKLAHOMA 1100 N STONEWALL AVE NORMAN,OK73117			FOR NURSING SCHOLORSHIPS	50,000
UNIVERSITY OF CENTRAL OKLAHOMA 100 N UNIVERSITY DRIVE EDMOND,OK73034			FOR NURSING SCHOLARSHIPS	50,000
UNIVERSITY OF TULSA 800 SOUTH TUCKER DR TULSA,OK74101			PETROLEUM ENG. & GEOLOGY SCHOLARSHIP	30,000
SPECIAL CARE INC 12201 N WESTERN AVE OKLAHOMA CITY,OK73114			PROVIDE CARE FOR CHILDREN	50,000
POSITIVE TOMORROWS PO BOX 61190 OKLAHOMA CITY,OK73146			PROVIDE ELEM. EDUCATION TO HOMELESS	20,000
REGIONAL FOOD BANK OF OKLAHOMA 3355 SOUTH PURDUE OKLAHOMA CITY,OK73179			PROVIDE FOOD AND GOODS FOR IMPOVERI.	100,000
PIVOT INC 201 NE 50TH STREET OKLAHOMA CITY,OK731051811			ASSISTING FAMILIES AND CHILDREN	10,000
OKLAHOMA CITY COMMUNITY COLLEGE 7777 S MAY AVE OKLAHOMA CITY,OK73159			SCHOLARSHIPS	10,000
THE BANKERS BANK 2612 S KELLY AVE EDMOND,OK73013			PROJECT 66 INC. FOODBANK	50,000
THE MERCY FOUNDATION 13321 N MERIDIAN AVE STE 206 OKLAHOMA CITY,OK73120			COVID-19 NURSING SUPPORT	100,000
THE INTEGRIS FOUNDATION 3030 NW EXPY STE 1600 OKLAHOMA CITY,OK73112			COVID-19 NURSING SUPPORT	100,000
OSU FOUNDATION 400 SOUTH MONROE STILLWATER,OK74074			RENEWABLE ENERGY PROGRAM	60,000
OSU FOUNDATION 400 SOUTH MONROE STILLWATER,OK74074			PETROLEUM ENGINEERING & GEOLOGY SCHO	75,000
Total ................................. 3a				755,000

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	25,904
4 Dividends and interest from securities....			14	135,583
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....			15	218,070
8 Gain or (loss) from sales of assets other than inventory ............			18	385,199
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aTAX REFUND			41	1,184
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				765,940

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

765,940

(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:

TY 2020 AccountingFeesSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES	7,149	7,149	7,149

- TIN:

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

TY 2020 DepreciationSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

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
DEPLETION			33,618			31,210	31,210	31,210

- TIN:

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

TY 2020 GainLossSaleOtherAssetsSch

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
ST COVERED - SEE ATTACHED	2020-01	PURCHASE	2019-12	74,963	57,918	17,045
LT COVERED - SEE ATTACHED	2019-01	PURCHASE	2020-12	353,051	277,870	75,181
LT NONCOVERED - SEE ATTACHED	2019-01	PURCHASE	2020-12	245,998	161,826	84,172
BK OF AMERICA CORP SER N MTN	2020-01	PURCHASE	2020-12	50,000	49,965	35
FIDELITY MSCI UTILS INDEX EFT	2020-04	PURCHASE	2020-04	3,854	3,911	-57
ISHARES CORE US AGGREGATE BOND EFT	2020-04	PURCHASE	2020-04	76,808	75,725	1,083
ISHARES INC CORE MSCI EMERGING MKTS	2020-11	PURCHASE	2020-12	143,144	138,715	4,429
ISHARES TR PFD AND INCM SEC	2020-11	PURCHASE	2020-12	76,448	68,219	8,229
VANGUARD CONSUMER DISCRETIONARY EFT	2020-09	PURCHASE	2020-11	4,706	4,163	543
VANGUARD FINANCIALS ETF	2020-09	PURCHASE	2020-11	2,612	2,183	429
VANGUARD INTL EQUITYINDEX FDS	2019-11	PURCHASE	2020-08	12,865	13,103	-238
VANGUARD SECTOR INDEX FDS	2020-04	PURCHASE	2020-04	14,998	15,831	-833
VANGUARD WORLD FDS COMM SRVC EFT	2020-04	PURCHASE	2020-04	9,791	9,462	329
VANGUARD WORLD FDS VANGUARD INFO	2020-04	PURCHASE	2020-09	41,607	32,839	8,768
FIDELITY MSCI CONSUMER STAPLES INDEX	2018-12	PURCHASE	2020-09	33,087	27,760	5,327
FIDELITY MSCI INDL INDEX EFT	2018-12	PURCHASE	2020-11	37,845	28,918	8,927
GOLDMAN SACHS GROUP INC SER N MTN	2018-09	PURCHASE	2020-09	50,000	49,688	312
INTERCONTINENTAL EXCHANGE INC NOTE	2016-04	PURCHASE	2020-06	25,210	25,079	131
ISHARES TR RUS MID CAP EFT IWR	2018-12	PURCHASE	2020-06	18,495	15,013	3,482
ISHARES TRUST MSCI EMG MKTS EFT USD	2018-12	PURCHASE	2020-11	263,840	212,608	51,232
SELECT SECTOR SPDR TR SHS BEN INT	2012-12	PURCHASE	2020-04	29,785	21,767	8,018
VANGUARD CHARLOTTE TOTAL INTL BD	2018-08	PURCHASE	2020-04	164,545	159,239	5,306
VANGUARD CONSUMER DISCRETIONARY	2012-12	PURCHASE	2020-11	523	152	371
VANGUARD ENERGY INDEX EFT	2012-12	PURCHASE	2020-11	11,080	16,674	-5,594
VANGUARD HEALTH CARE EFT	2018-12	PURCHASE	2020-11	19,350	14,408	4,942
VANGAURD SECTOR INDEX FDS	2013-09	PURCHASE	2020-04	48,433	29,850	18,583
VANGUARD SECTOR INDEX FDS	2018-12	PURCHASE	2020-06	9,671	12,951	-3,280
VANGUARD SECTOR INDEX FDS	2018-12	PURCHASE	2020-04	13,894	11,846	2,048
VANGUARD WORLD FDS COMM SRVC	2018-12	PURCHASE	2020-11	38,430	26,874	11,556
VANGUARD WORLD FDS INFORMATION	2019-11	PURCHASE	2020-11	50,214	34,396	15,818
SALLIE MAE BK MURRAY UTAH	2015-11	PURCHASE	2020-11	50,000	50,000
VANGUARD FINANCIALS EFT VFH	2009-11	PURCHASE	2020-04	42,791	19,161	23,630
VANGUARD SHORT TERM INVMT GRADE	2009-05	PURCHASE	2020-08	140,529	133,859	6,670
VANGUARD SMALL-CAP INDEX ADMIRAL	2004-10	PURCHASE	2020-12	28,535	12,116	16,419
WELLS FARGO BANK NATL ASSN CD	2017-09	PURCHASE	2020-09	65,000	64,870	130

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Name of Bond	End of Year Book Value	End of Year Fair Market Value
25000 AMER EXPR BK FSB CD 2.200% 5/1	25,000	25,195
25000 CAPITAL ONE BANK CD 1.800% 5/1
25000 GOLDMAN SACHS BK CD 2.350% 5/1	25,000	25,774
18403.16 METROPOLITAN WEST TOTAL RET
12991.15 METWEST TOTAL RETURN BOND P	128,809	136,277
3688.99 PIMCO HIGH YIELD I	32,500	33,496
8228.75 PIMCO SHORT-TERM I	81,218	80,889
14126.58 PIMCO SHORT TERM FUND INSTI
13079.49 PIMCO TOTAL RETURN FUND-INS	130,141	138,643
7436.62 TEMPLETON GLOBAL BOND ADVISO	88,875	72,507
10925.94 THORNBURG LIMITED TERM INCO	146,433	153,509
1152.07 VANGUARD INFLAT-PROT SECURIT	32,500	32,627
14020.46 VANGUARD SHORT TERM INV GRA	140,885	154,646
711.35 VANGUARD MID CAP ADMIRAL SHS	105,679	182,390
1882.63 VANGUARD SMALL-CAP INDEX ADM	56,527	175,499
1650.954 FIDELITY CONSERVATIVE INCOM	16,623	16,609
5965.24 VANGUARD INFLATION PROTECTED	143,963	168,936
13019.55 VANGUARD SHORT TERM INVMT G
2685 ISHARES CORE US AGGREGATE BO	294,789	317,340
1215.00 ISHARES TIPS BOND ETF
1023 ISHARES TRUST US TREASURY	126,544	130,585
1680 ISHARES IBOXX INVESTMENT GRAD	231,125	232,058
744 ISHARES TR JP MOR EM MK ETF	80,193	86,237
2351 ISHARES TR PFD AND INCM SEC	79,722	90,537
162 PIMCO ETF TRUST ENHANCED SHORT	16,502	16,530
1460 VANGUARD CHARLOTTE TOTAL INT	80,825	85,483
50000 FORD MOTOR CO LLC NOTE	50,171	51,608
50000 GOLDMAN SACHS GROUP INC MTN
25000 INTERCONTINENTAL EXCHANGE INC
25000 CREDIT SUISSE NEW YORK BRANCH	25,102	25,548
50000 EDISON INTL NOTE CALL	46,732	51,953
50000 FPL GROUP CAP INC BOND
50000 NEXTERA ENERGY CAP HLDGS INC	43,515	43,000

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Name of Stock	End of Year Book Value	End of Year Fair Market Value
265 ACCENTURE PLC IRELAND SHS CLASS	13,560	69,221
5 ALPHABET INC CL A	1,202	8,763
28 ALPHABET INC CL C	6,723	49,053
418 COMCAST CORP-CL A	17,835	21,903
1015.12 AMERICAN BEACON SMALL CAP VA	16,902	25,469
89 AON PLC	11,217	18,803
543 APPLE INC	5,276	72,051
347 APPLIED MATERIALS	23,332	29,946
139 BECTON DICKINSON & CO	27,535	34,781
59 BLACKROCK INC	18,202	42,571
89 BOEING	20,334	19,051
13 BOOKING HOLDINGS INC	15,016	28,955
222 CAPITAL ONE FINANCIAL	14,585	21,945
444.21 CARILLON EAGLE SMALL CAP GROW	22,899	27,763
133 CHEVRON CORPORATION	14,939	11,232
132 CHUBB LTD	14,663	20,317
115 CIGNA CORP	18,322	23,941
454 CITIGROUP INC	22,781	27,994
132 COSTCO WHOLESALE	12,917	49,735
261 CVS HEALTH CORP	7,287	17,826
201 DANAHER CORP	8,066	44,650
4038.52 DELAWARE EMERGING MARKETS R-	71,756	104,031
357 DISNEY WALT CO NEW	10,964	64,681
2348.8 DODGE & COX INTERNATIONAL STO	64,068	102,643
141 ELECTRONIC ARTS INC	13,905	20,248
317 EXXON MOBIL CORP
111 HOME DEPOT	18,310	29,483
145 HONEYWELL INTL	11,286	30,842
308 INTERCONTINENTAL EXCHANGE	11,169	35,509
100 JONES LANG LASALLE INC	14,053	14,837
712 KINDER MORGAN INC	12,153	9,733
559 LKQ CORP	15,937	19,699
L3 HARRIS TECHNOLOGIES INC	11,977	11,341
347 MEDTRONIC PLC	25,808	40,648
265 MICROSOFT CORP	19,094	58,941
331 NIKE INC CL B	3,502	46,827
878 NOBLE ENERGY INC
132 PEPSICO	6,395	19,576
372 RAYTHEON TECHNOLOGIES CORP	13,325	26,602
293 SCHLUMBERGER LTD
410 SPDR CONSUMER DISCRETIONARY ETF	46,396	65,920
435 SPDR ENERGY SECTOR EFT	15,903	16,487
551 SPDR INDUSTRIAL SECTOR ETF	40,733	48,791
397 SPDR MATERIALS SECTOR ETF	21,777	28,739
774 SPDR REAL ESTATE SECTOR ETF	28,895	28,297
1513 SPDR TECHNOLOGY SECTOR ETF	127,231	196,720
353 SPDR UTILITIES SECTOR ETF	20,954	22,133
132 THERMO FISHER SCIENTIFIC	15,913	61,483
259 TYSON FOODS INC	16,632	16,690
293 UNITED TECHNOLOGIES
387 VANGUARD COMMUNICATION SERVICES	34,970	46,517
225 VANGUARD CONSUMER STAPLES ETF	35,249	39,132
7140.24 VANGUARD DEVELOPED MARKETS I	91,064	108,746
306 VANGUARD FINANCIALS ETF	21,232	22,292
127 VANGUARD HEALTH CARE ETF	21,409	28,414
1048.24 VANGUARD INTERNATIONAL GROWT	94,764	168,023
1143.20 VANGUARD MID CAP INDEX ADMIR	180,434	293,115
879.83 VANGUARD SMALL CAP INDEX ADM	20,243	82,018
258 VISA INC CL A	8,678	56,432
474 WILLIAMS COMPANIES	9,773	9,504
341 XILINX
2524 FIDELITY MSCI CONSUMER STAPLES	77,335	102,676
110 FIDELITY MSCI FINLS INDEX ETF	4,499	4,644
2646 FIDELITY MSCI INDL INDEX ETF	86,505	124,388
1712 FIDELITY MSCI REAL ESTATE INDEX	38,842	43,451
1159 FIDELITY MSCI UTILS INDEX ETF	42,443	47,032
140 GLOBAL X FDS US PFD ETF	3,567	3,612
2765 GOLDMAN SACHS EQUAL WEIGHT US	154,022	159,845
5400 ISHARES TRUST MSCI EMG MKTS ETF
4081 ISHARES MSCI EAFE ETF	237,933	297,750
927 ISHARES TR RUS MID CAP ETF	43,087	63,546
77 ISHARES S&P MIDCAP 400 INDEX FUND	12,616	17,697
2336 ISHARES INC CORE MSCI EMERGING	129,792	144,925
622 MATERIALS SELECT SECTOR SPDR	25,523	45,027
1085 SELECT SECTOR SPDR TR SHS BEN I
639 VANGUARD CONSUMER DISCRETIONARY	39,406	175,840
707 VANGUARD ENERGY INDEX ETF	45,861	36,665
1991 VANGUARD FINANCIALS ETF	41,229	145,044
695 VANGUARD ENERGY VIPERS
2700 VANGUARD FINLS VIPERS
991 VANGUARD HEALTH CARE VIPERS	159,293	221,716
1172 VANGUARD INFORMATION TECHNOLOGY	71,100	414,642
1379 VANGUARD WORLD FDS COMM SRVC ET	104,312	165,756
79 VANGUARD WORLD FDS VANGUARD CONSU	12,272	13,740
1176 VANGUARD WORLD FDS VANGUARD INF	120,731	143,284
3666 WISDOMTREE TR EM EX ST-OWNED	143,712	145,430

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
OIL & GAS PROPERTIES-NON-PRODUCING		524,235	250,728
OIL & GAS PRODUCING			542,909

- TIN:

TY 2020 LegalFeesSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT LEGAL FEES	25	25	25

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Description	Amount
DECREASE IN BOOK BASIS	28,334

- TIN:

TY 2020 OtherExpensesSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
OTHER ROYALTY EXPENSES	24,810	24,810	24,810

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ROYALTY INCOME	208,070	208,070	208,070
LEASE BONUS	10,000	10,000	10,000
TAX REFUND	1,184		1,184

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Description	Amount
DEPLETION	31,210

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Category	Amount	Net Investment Income	Adjusted Net Income
TRUSTEE FEES	25,971	25,971	25,971
TRUSTEE FEES - MARTIN OIL	18,613	18,613	18,613
TRUSTEE FEES - FIDELITY	24,728	24,728	24,728

- TIN:

TY 2020 TaxesSchedule

Name:

KARL & GEORGIA MARTIN SRANNA BELLE

FLYNN KARL & JUNE MARTIN JR FDN

EIN:

73-1504147

Category	Amount	Net Investment Income	Adjusted Net Income
FOREIGN TAXES - DIVIDENDS	689	689	689
FOREIGN TAXES - DIV - FIDELITY	1,542	1,542	1,542
GPT - ROYALTIES	9,480	9,480	9,480
REAL ESTATE TAXES	38	38	38
ESTIMATES	1,536	1,536	1,536