TY 2020 Form 990PF

- TIN:

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

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
JKS FAMILY FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)6440 S WASATCH BLVD NO 105
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HOLLADAY, UT84121

A Employer identification number

26-3948638

B Telephone number (see instructions)

(801) 268-4331

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

$3,394,385J 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	(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	35,268		35,268
4	Dividends and interest from securities...	34,660		34,660
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		60,076
b	Gross sales price for all assets on line 6a 545,190
7	Capital gain net income (from Part IV, line 2)...			60,076
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........	130,004		130,004
13	Compensation of officers, directors, trustees, etc.	3,500		0	3,500
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		2,117	0	2,117
b	Accounting fees (attach schedule).......		18,279	0	13,764
c	Other professional fees (attach schedule)....		15,568	7,529	5,126
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		23,214	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		30	30	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	62,708		7,559	24,507
25	Contributions, gifts, grants paid.......	100,000			100,000
26	Total expenses and disbursements. Add lines 24 and 25	162,708		7,559	124,507
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-32,704
b	Net investment income (if negative, enter -0-)			122,445
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	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.............	30,829	485	485
	2	Savings and temporary cash investments.........		40,453	40,453
	3	Accounts receivable
		Less: allowance for doubtful accounts	149,291
	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) 1,000,000
		Less: allowance for doubtful accounts 0	1,000,000	1,000,000	1,000,000
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	27,326	11,596	11,596
	b	Investments—corporate stock (attach schedule).......	901,837	1,165,122	1,165,122
	c	Investments—corporate bonds (attach schedule).......	620,914	740,988	740,988
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	296,606	251,353	251,353
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	0	184,388	184,388
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,026,803	3,394,385	3,394,385
	17	Accounts payable and accrued expenses..........		7,428
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......	31,445
	22	Other liabilities (describe )	0	76,612
	23	Total liabilities (add lines 17 through 22).........	31,445	84,040
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	2,995,358	3,310,345
	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
	29	Total net assets or fund balances (see instructions).....	2,995,358	3,310,345
	30	Total liabilities and net assets/fund balances (see instructions).	3,026,803	3,394,385

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

2,995,358

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

-32,704

Other increases not included in line 2 (itemize) bullet

347,691

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

3,310,345

Decreases not included in line 2 (itemize) bullet

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

3,310,345

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	(d) Date sold (mo., day, yr.)
1 a	BNY MELLON		2020-07-01
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	520,709	485,114	35,595
b	24,481		24,481
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			35,595
b			24,481
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	60,076
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	1,702
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	1,702
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	1,702
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	35
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	1,737
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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

N/A

The books are in care of bullet

JOSEPH SORENSON Telephone no. bullet

(801) 268-4331

Located at bullet

6440 S WASATCH BLVD STE 105HOLLADAYUT ZIP+4 bullet

84121

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-)
JOSEPH SORENSON	TREASURER 1.00	500
6400 S WASATCH BLVD STE 105 HOLLADAY,UT84121	TREASURER 1.00	500
KATHLEEN SORENSON	DIRECTOR 1.00	500
6400 S WASATCH BLVD STE 105 HOLLADAY,UT84121	DIRECTOR 1.00	500
HOLLY GRIERSON	DIRECTOR 1.00	500
6400 S WASATCH BLVD STE 105 HOLLADAY,UT84121	DIRECTOR 1.00	500
HEATHER S BAUGH	DIRECTOR 1.00	500
6400 S WASATCH BLVD STE 105 HOLLADAY,UT84121	DIRECTOR 1.00	500
JASON SORENSON	DIRECTOR 1.15	500
6400 S WASATCH BLVD STE 105 HOLLADAY,UT84121	DIRECTOR 1.15	500
JESSICA HUTCHINSON	DIRECTOR 1.00	500
6400 S WASATCH BLVD STE 105 HOLLADAY,UT84121	DIRECTOR 1.00	500
KATELYN HANSON	DIRECTOR 1.00	500
6400 S WASATCH BLVD STE 105 HOLLADAY,UT84121	DIRECTOR 1.00	500

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...................				0

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

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

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

purposes:

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

1,987,716

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

49,058

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

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

2,036,774

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

2,036,774

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

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

30,552

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

2,006,222

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

100,311

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

100,311

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

1,702

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

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

1,702

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

98,609

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

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

98,609

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

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

98,609

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 ..........

124,507

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

124,507

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

124,507

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	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					98,609
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......	55,427
d From 2018......	194,946
e From 2019......	33,157
fTotal of lines 3a through e........		283,530
4Qualifying distributions for 2020 from Part
XII, line 4: $ 124,507
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					98,609
e Remaining amount distributed out of corpus		25,898
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		309,428
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 ..........					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) .......		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 ......		309,428
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....	55,427
c Excess from 2018....	194,946
d Excess from 2019....	33,157
e Excess from 2020....	25,898

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).)

JOSEPH SORENSON

KATHLEEN SORENSON

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2020)

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
SINGLE PARENT PROJECT 11576 S STATE STREET DRAPER,UT84020	NONE	PC	GENERAL SUPPORT	35,000
SHARE-PARENTS OF UTAH PO BOX 982 DRAPER,UT84020	NONE	PC	GENERAL SUPPORT	5,000
HOGLE ZOO UTAH ZOOLOGICAL SOCIETY 2600 E SUNNYSIDE AVE SALT LAKE CITY,UT841081454	NONE	PC	GENERAL SUPPORT	5,000
THANKSGIVING POINT INSTITUTE INC 3003 N THANKSGIVING WAY LEHI,UT84043	NONE	PC	GENERAL SUPPORT	10,000
MENTORS INTERNATIONAL 65 EAST WADSWORTH PARK DR 207 DRAPER,UT84020	NONE	PC	GENERAL SUPPORT	10,000
OPERATION UNDERGROUND RAILROAD 1950 W CORPORATE WAY ANAHEIM,CA92801	NONE	PC	GENERAL SUPPORT	35,000
Total ................................. 3a				100,000

bApproved for future payment

Total ................................. 3b				0

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	35,268
4 Dividends and interest from securities....			14	34,660
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 ............			18	60,076
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		130,004	0

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

130,004

(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:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	18,279	0		13,764

- TIN:

TY 2020 GeneralExplanationAttachment

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Identifier	Return Reference	Explanation
ADJUSTED EXCESS DISTRIBUTIONS	FORM 990, PART XIII LINE 3:	THE JKS FAMILY FOUNDATION DISCOVERED AN ERROR RELATED TO THE PRIOR YEAR EXCESS DISTRIBUTIONS. PART XIII LINE 3 HAS BEEN ADJUSTED TO REFLECT THE REVISED EXCESS DISTRIBUTIONS.

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BNY MELLON CORPORATE BOND FUND	115,861	115,861
BNY MELLON INTERMEDIATE BOND FUND	135,814	135,814
BNY MELLON BOND FUND	308,155	308,155
BNY MELLON HIGH YIELD FUND - CLASS I	80,851	80,851
BNY MELLON FLOATING RATE INCOME FUND-CLASS Y	78,708	78,708
TCW EMERGING MARKETS INCOME FUND-I	21,599	21,599

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Name of Stock	End of Year Book Value	End of Year Fair Market Value
EATON CORP PLC ( ETN )	7,208	7,208
ESSENT GROUP LTD ( ESNT )	1,296	1,296
HORIZON THERAPEUTICS PUBLIC LIMITED ( HZNP )	2,194	2,194
MARVELL TECHNOLOGY GROUP LTD ( MRVL )	2,852	2,852
MEDTRONIC, PLC ADR ( MDT )	8,903	8,903
TRANE TECHNOLOGIES PUBLIC LIMITED CO( TT )	5,661	5,661
WILLIS TOWERS WATSON PUBLIC LIMITED ( WLTW ) COMPANY	2,317	2,317
CHUBB LIMITED ( CB )	6,157	6,157
NXP SEMICONDUCTORS N V ( NXPI )	4,293	4,293
A E S CORP ( AES )	1,880	1,880
ADVANCED MICRO DEVICES INC ( AMD )	5,503	5,503
ALLY FINANCIAL INC. ( ALLY )	2,140	2,140
ALPHABET, INC. ( GOOG )	19,271	19,271
AMAZON.COM INC ( AMZN )	19,541	19,541
AMERIPRISE FINANCIAL INC ( AMP )	1,749	1,749
AMETEK INC NEW ( AME )	4,112	4,112
ANSYS INC ( ANSS )	3,274	3,274
ANTHEM INC. ( ANTM )	2,248	2,248
APPLE INC ( AAPL )	21,496	21,496
APPLIED MATERIALS INC ( AMAT )	5,178	5,178
ARCHER DANIELS MIDLAND CO ( ADM )	2,520	2,520
ARRAY TECHNOLOGIES, INC. ( ARRY )	1,294	1,294
ASSURANT INC ( AIZ )	4,904	4,904
THE BNY MELLON MID CAP ( MPMCX ) MULTI-STRATEGY FUND	162,664	162,664
BNY MELLON EMERGING MARKETS FUND ( MEMKX )	75,649	75,649
BNY MELLON INTERNATIONAL FUND ( MPITX )	54,707	54,707
BNY MELLON SELECT MANAGERS SMALL CAP( DMVYX ) VALUE FUND - CLASS Y	27,565	27,565
BNY MELLON U.S. EQUITY FUND ( DPUYX )	59,996	59,996
BNY MELLON SELECT MANAGERS SMALL CAP( DSGYX )	29,380	29,380
BNY MELLON OPPORTUNISTIC SMALL CAP ( DSCYX )	28,769	28,769
BNY MELLON LARGE CAP EQUITY FUND ( DLACX )	74,088	74,088
BNY MELLON DIVERSIFIED INTERNATIONAL( DDIFX )	55,702	55,702
BNY MELLON GLOBAL REAL ESTATE ( DRLYX )	27,061	27,061
BANK OF AMERICA CORPORATION ( BAC )	3,334	3,334
BECTON DICKINSON & CO ( BDX )	4,004	4,004
BERKSHIRE HATHAWAY INC DEL CL B ( BRK.B )	8,115	8,115
BNY MELLON INTERNATIONAL SMALL CAP ( DYYPX )	43,164	43,164
BOOKING HOLDINGS INC. ( BKNG )	2,227	2,227
BRISTOL-MYERS SQUIBB COMPANY ( BMY )	3,101	3,101
CF INDUSTRIES HOLDINGS INC ( CF )	5,419	5,419
CABOT OIL & GAS CORP CL A ( COG )	1,302	1,302
CAPITAL ONE FINANCIAL CORPORATION ( COF )	4,943	4,943
CARRIER GLOBAL CORPORATION ( CARR )	3,395	3,395
CHARLES RIV LABORATORIES INTL INC ( CRL )	1,999	1,999
CHIPOTLE MEXICAN GRILL INC ( CMG ) CL A	2,773	2,773
CISCO SYSTEMS INC ( CSCO )	3,133	3,133
CLEARWAY ENERGY INC ( CWEN )	1,916	1,916
COGNEX CORP ( CGNX )	4,014	4,014
COLGATE-PALMOLIVE COMPANY ( CL )	2,565	2,565
COMCAST CORP CL A ( CMCSA )	3,144	3,144
CONOCOPHILLIPS ( COP )	2,000	2,000
CORNING INC ( GLW )	3,240	3,240
CROWDSTRIKE HOLDINGS INC ( CRWD )	2,542	2,542
DFA EMERGING MARKETS CORE EQUITY ( DFCEX ) FUNDS	6,586	6,586
DANAHER CORP ( DHR )	1,777	1,777
DEXCOM INC. ( DXCM )	2,218	2,218
DOLBY LABORATORIES INC ( DLB ) CL -A	1,943	1,943
EDISON INTERNATIONAL ( EIX )	2,513	2,513
EXELON CORP ( EXC )	3,800	3,800
FACEBOOK INC. ( FB )	10,380	10,380
FEDEX CORP ( FDX )	1,558	1,558
FREEPORT MCMORAN COPPER & GOLD INC ( FCX )	7,546	7,546
GENERAL MOTORS CO ( GM )	5,830	5,830
GOLDMAN SACHS GROUP INC ( GS )	7,120	7,120
HESS CORPORATION ( HES )	3,695	3,695
HUBBELL INC COM ( HUBB )	1,725	1,725
HUBSPOT, INC. ( HUBS )	3,964	3,964
HUMANA INC ( HUM )	5,334	5,334
INGERSOLL RAND INC ( IR )	3,827	3,827
INTUITIVE SURGICAL INC ( ISRG )	3,272	3,272
JP MORGAN CHASE & CO ( JPM )	12,199	12,199
HARRIS CORPORATION ( LHX )	4,536	4,536
LAS VEGAS SANDS CORP ( LVS )	3,576	3,576
LENNAR CORP CLASS A ( LEN )	1,525	1,525
LILLY ELI & CO ( LLY )	7,091	7,091
LOUISIANA PAC CORP ( LPX )	2,602	2,602
LOWE'S COMPANIES INC ( LOW )	4,013	4,013
MARATHON PETROLEUM CORP ( MPC )	5,790	5,790
MASIMO CORPORATION ( MASI )	1,879	1,879
MCKESSON CORPORATION ( MCK )	1,565	1,565
MEDALLIA I NC ( MDLA )	1,329	1,329
MICROSOFT CORPORATION ( MSFT )	19,351	19,351
MICROCHIP TECHNOLOGY INC ( MCHP )	5,663	5,663
MORGAN STANLEY ( MS )	8,224	8,224
THE MOSAIC COMPANY ( MOS )	1,841	1,841
NEXTERA ENERGY INC ( NEE )	3,086	3,086
NEXTERA ENERGY PARTNERS LP ( NEP )	2,012	2,012
NORTHROP GRUMMAN CORP ( NOC )	1,219	1,219
NVIDIA CORP ( NVDA )	7,833	7,833
O'REILLY AUTOMOTIVE INC ( ORLY )	3,621	3,621
OTIS WORLDWIDE CORPORATION ( OTIS )	2,364	2,364
PPL CORP ( PPL )	5,076	5,076
PAYPAL HOLDINGS, INC. ( PYPL )	7,260	7,260
PEPSICO INC ( PEP )	6,970	6,970
PFIZER INC ( PFE )	3,313	3,313
PHILIP MORRIS INTERNATIONAL INC ( PM )	3,312	3,312
PHILLIPS 66 ( PSX )	2,937	2,937
PINTEREST, INC. ( PINS )	4,613	4,613
QUALCOMM INC ( QCOM )	10,511	10,511
QUANTA SVCS INC ( PWR )	3,601	3,601
REINSURANCE GROUP OF AMERICA ( RGA ) INCORPORATED	1,854	1,854
REPLIGEN CORP ( RGEN )	1,725	1,725
ROCKWELL AUTOMATION INC ( ROK )	4,013	4,013
SALESFORCE.COM INC ( CRM )	6,008	6,008
SAREPTA THERAPEUTICS, INC. ( SRPT )	2,216	2,216
SCHWAB CHARLES CORP NEW ( SCHW )	2,652	2,652
SEAGEN INC ( SGEN )	2,102	2,102
SERVICENOW, INC. ( NOW )	4,954	4,954
SNAP INC. ( SNAP )	3,004	3,004
SNOWFLAKE INC ( SNOW )	1,688	1,688
SPLUNK INC. ( SPLK )	2,888	2,888
SQUARE, INC. ( SQ )	5,223	5,223
SYSCO CORP ( SYY )	2,970	2,970
TESLA MOTORS INC ( TSLA )	6,351	6,351
TRUIST FINL CORP ( TFC )	1,917	1,917
TWILIO INC. ( TWLO )	3,385	3,385
TWITTER, INC. ( TWTR )	3,249	3,249
US BANCORP ( USB )	3,261	3,261
UBER TECHNOLOGIES, INC. ( UBER )	1,530	1,530
UNION PAC CORP ( UNP )	4,997	4,997
V F CORP ( VFC )	4,271	4,271
VIATRIS INC ( VTRS )	206	206
VIRTUS EMERGING MARKETS ( HIEMX ) OPPORTUNITIES FUND	7,314	7,314
VODAFONE GROUP PLC ( VOD )	2,307	2,307
VOYA FINANCIAL INC ( VOYA )	5,293	5,293
VULCAN MATERIALS CO ( VMC )	5,784	5,784
WEYERHAEUSER COMPANY ( WY )	2,012	2,012
WYNN RESORTS LTD ( WYNN )	2,821	2,821
ZEBRA TECHNOLOGIES CORP CLASS A (ZBRA)	4,228	4,228
ZOETIS INC ( ZTS )	3,310	3,310
ZOOM VIDEO COMMUNICATIONS, INC. ( ZM )	1,687	1,687

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

US Government Securities - End of Year Book Value:

11,596

US Government Securities - End of Year Fair Market Value:

11,596

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

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

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BNY MELLON GLOBAL REAL RETURN FUND	FMV	39,637	39,637
GATEWAY FUND	FMV	34,780	34,780
361 GLOBAL LONG/SHORT EQUITY FUND	FMV	31,434	31,434
ASG GLOBAL ALTERNATIVES FUND-Y	FMV	33,474	33,474
NEUBERGER BERMAN LONG SHORT FUND	FMV	44,793	44,793
BOSTON PARTNERS LONG/SHORT RESEARCH	FMV	43,768	43,768
VAN ECK CM COMMODITY INDEX FUND	FMV	23,467	23,467

- TIN:

TY 2020 LegalFeesSchedule

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	2,117	0		2,117

- TIN:

TY 2020 OtherAssetsSchedule

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INTEREST - STORYROCK		184,388	184,388

- TIN:

TY 2020 OtherExpensesSchedule

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK CHARGES	30	30		0

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Description	Amount
UNREALIZED GAIN	347,691

- TIN:

TY 2020 OtherLiabilitiesSchedule

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Description	Beginning of Year - Book Value	End of Year - Book Value
PAYABLE - JKS	0	76,612

- TIN:

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

TY 2020 OtherNotesLoansRcvblLongSch

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Borrower's Name	Relationship to Insider	Original Amount of Loan	Balance Due	Date of Note	Maturity Date	Repayment Terms	Interest Rate	Security Provided by Borrower	Purpose of Loan	Description of Lender Consideration	Consideration FMV
STORY ROCK INC	N/A	1,000,000	1,000,000	2015-05	2020-12	DUE IN FULL ON MATURITY DATE	300.0000000000 %	N/A	PRODUCE EDUCATIONAL & COMMEMORATIVE MATERIALS ABOUT VIETNAM WAR	CASH	1,000,000

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BROKERAGE FEES	7,529	7,529		0
MANAGEMENT FEES	8,039	0		5,126

- TIN:

TY 2020 TaxesSchedule

Name:

JKS FAMILY FOUNDATION

EIN:

26-3948638

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAXES	23,214	0		0