Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
BADGER CREEK CORPORATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6500 W 194 STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
STILWELL, KS66085
A Employer identification number

20-1210921
B Telephone number (see instructions)

(913) 599-5010
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$31,114,372J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 25,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 372,890 372,890 372,890
4 Dividends and interest from securities... 114,950 114,950 114,950
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 42,890
b Gross sales price for all assets on line 6a 7,322,295
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 4,108,862
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... Click to see attachment 4,108,862 4,108,862
11 Other income (attach schedule)....... Click to see attachment 1,079,501   1,079,501
12 Total. Add lines 1 through 11........ 5,744,093 487,840 5,676,203
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 331,300   331,300  
15 Pension plans, employee benefits....... 26,319   26,319  
16a Legal fees (attach schedule)......... Click to see attachment 315   315  
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 3,458   3,458  
17 Interest............... 346   346  
18 Taxes (attach schedule) (see instructions)... Click to see attachment 31,453 13,888 17,565  
19 Depreciation (attach schedule) and depletion... Click to see attachment 755,554   755,554
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,160   1,160  
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 2,974,113 11,748 2,962,365  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,124,018 25,636 4,098,382 0
25 Contributions, gifts, grants paid....... 1,200,000 1,200,000
26 Total expenses and disbursements. Add lines 24 and 25 5,324,018 25,636 4,098,382 1,200,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 420,075
b Net investment income (if negative, enter -0-) 462,204
c Adjusted net income (if negative, enter -0-)... 1,577,821
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 80,294 171,258 171,258
2 Savings and temporary cash investments......... 1,883,228 3,413,390 3,413,390
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 8,005 31,668 31,668
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,167,243 Click to see attachment2,821,990 3,496,869
c Investments—corporate bonds (attach schedule)....... 10,155,571 Click to see attachment6,410,036 6,448,419
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet17,552,768
Less: accumulated depreciation (attach schedule) bullet3,657,649 10,979,151 Click to see attachment13,895,119 17,552,768
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,273,492 26,743,461 31,114,372
Liabilities 17 Accounts payable and accrued expenses.......... 814,940 863,459
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment3,418 Click to see attachment4,793
23 Total liabilities (add lines 17 through 22)......... 818,358 868,252
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 25,455,134 25,875,209
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
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)..... 25,455,134 25,875,209
30 Total liabilities and net assets/fund balances (see instructions). 26,273,492 26,743,461
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
25,455,134
2
Enter amount from Part I, line 27a .....................
2
420,075
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
25,875,209
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,875,209
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
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 (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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 6,425
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 6,425
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 6,425
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 12,000
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 12,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 40
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,535
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,535 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKS, MO, AZ, NM
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletNELSON D SHIRLEY Telephone no.bullet (913) 599-5010

    Located atbullet6500 W 194TH STREETSTILWELLKS ZIP+4bullet66085
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    NELSON D SHIRLEY PRESIDENT
    30.00     		0 0 0
    6500 W 194 STREET
    STILWELL,KS66085
    LORI KELLY SECRETARY
    20.00     		0 0 0
    6500 W 194 STREET
    STILWELL,KS66085
    BRADLEY SIEBERT VICE-PRESIDE
    10.00     		0 0 0
    11641 CONNELL ST
    APT 7
    OVERLAND PARK,KS66210
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    DALE STUHL LTD CO TRANSPORTATION 70,455
    BOX 41
    NARA VISA,NM88430
    KNIGHT AG SERVICES LLC MANAGEMENT 54,689
    PO BOX 1980
    ST JOHNS,AZ85936
    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 ACQUISITION OF LAND, LAND IMPROVEMENTS, EQUIPMENT & LIVESTOCK PURSUANT TO THE FOUNDATION'S EXEMPT PURPOSE 7,043,261
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    11,519,137
    b
    Average of monthly cash balances.......................
    1b
    3,726,478
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    15,245,615
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    15,245,615
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    228,684
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,016,931
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    750,847
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,200,000
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    7,043,261
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,243,261
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,243,261
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 8,243,261
    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.....  
    e Remaining amount distributed out of corpus 8,243,261
    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 8,243,261
    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 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    750,847   762,367 526,060 2,039,274
    b 85% of line 2a ......... 638,220   648,012 447,151 1,733,383
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		8,243,261 2,762,761 5,498,289 4,886,406 21,390,717
    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 ....     		8,243,261 2,762,761 5,498,289 4,886,406 21,390,717
    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...     		500,565 520,945 508,245 567,656 2,097,411
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    GHOST LAKE CORPORATION
    6500 W 194 ST
    STILWELL,KS66085     		  501 (C)3 ACQUISITION OF WILDLAND 1,200,000
    Total .................................bullet 3a 1,200,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 372,890  
    4 Dividends and interest from securities....     14 114,950  
    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 ............     		        42,890
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory         4,108,862
    11 Other revenue:
    aCUSTOM GRAZING FEES     		        22,480
    bCRP/LIP/NAP         536,072
    cCROP INSURANCE PROCEEDS         377,055
    dHUNTING TAGS         64,700
    eOTHER INCOME         29,194
    fPPP LOAN FORGIVENESS         50,000
    12 Subtotal. Add columns (b), (d), and (e)..   487,840 5,231,253
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,719,093
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    BADGER CREEK CORPORATION
     
    Employer identification number

    20-1210921
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    BADGER CREEK CORPORATION
          		Employer identification number
    20-1210921
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    GRASSLANDS CHARITABLE FOUNDATION
     
    PO BOX 23
     
    CAUSEY, NM88113

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    BADGER CREEK CORPORATION
          		Employer identification number

    20-1210921
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    BADGER CREEK CORPORATION
          		Employer identification number

    20-1210921
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2020 DepreciationSchedule
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    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
    DEPRECIATION           755,554      

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    CATTLE SALE   PURCHASE 2020-01   17,684 39,424     17,684 39,424
    CATTLE SALE   PURCHASE 2020-11   202,872 347,902     173,956 318,986
    5 BULLS-PORTER ANGUS RANCH 2012-03 PURCHASE 2020-01   5,738 9,571     5,738 9,571
    29 COWS-VARIOUS 2012-11 PURCHASE 2020-10   34,084 40,335     34,084 40,335
    SCHWAB US BROAD MARKET   PURCHASE 2020-12   3,970 3,295     675  
    SCHWAB VARIABLE SHARE PRICE MONEY   PURCHASE 2020-12   2,802,607 2,802,748     -141  
    APPLE 2012-10 PURCHASE 2020-10   100,662 20,006     80,656  
    BREMERTON WA 2015-01 PURCHASE 2020-10   225,439 254,838     -29,399  
    CO ST CTFS PART 5.42% 2013-06 PURCHASE 2020-09   75,000 85,184     -10,184  
    COLUMBUS OH CTY 5.56% 2015-02 PURCHASE 2020-10   205,576 227,411     -21,835  
    CUYAHOGA OH EDE 5.284% 2013-06 PURCHASE 2020-06   250,000 271,642     -21,642  
    DC 5.991% 2012-06 PURCHASE 2020-10   100,000 113,862     -13,862  
    ELGIN OH LOC SD 5.499% 2018-06 PURCHASE 2020-10   309,083 314,034     -4,951  
    ELIZABETH NJ 2.926% 2013-05 PURCHASE 2020-03   150,000 153,046     -3,046  
    HAMMOND IN MUN 5.04% 2012-11 PURCHASE 2020-12   50,000 56,516     -6,516  
    IA WSTN CCD 3.1% 2015-03 PURCHASE 2020-10   90,033 92,516     -2,483  
    KS DFA SLS TAX 5% 2016-06 PURCHASE 2020-01   250,000 277,717     -27,717  
    KS DFA SLS TAX 4.25% 2015-01 PURCHASE 2020-10   155,107 165,398     -10,291  
    LAWRENCE KS 5.6% 2018-09 PURCHASE 2020-09   75,000 78,470     -3,470  
    LONG BEACH CA 5.314% 2018-04 PURCHASE 2020-08   60,000 63,355     -3,355  
    MAHTOMEDI MD ISD 2012-11 PURCHASE 2020-02   100,000 118,616     -18,616  
    MET ST CLG DEN 4.438% 2012-12 PURCHASE 2020-09   250,000 281,975     -31,975  
    NORWOOD MA 4.85% 2012-12 PURCHASE 2020-10   71,493 81,470     -9,977  
    ONSTED MI CMNTY 5.55% 2015-08 PURCHASE 2020-10   50,530 53,218     -2,688  
    SALLIE MAE BANK 2.75% 2018-08 PURCHASE 2020-08   250,000 249,628     372  
    SCHWAB US BROAD MARKET   PURCHASE 2020-12   199,748 111,998     87,750  
    SEDGWICK CN KS 5.29% 2012-12 PURCHASE 2020-10   250,000 303,820     -53,820  
    SNOHOMSH CN WA 2013-07 PURCHASE 2020-12   65,000 69,572     -4,572  
    ST CHARLES MO 6.166% 2015-10 PURCHASE 2020-11   150,000 170,639     -20,639  
    STATE BANK OF IN 2.85% 2019-06 PURCHASE 2020-06   250,000 249,515     485  
    TC ENERGY CORP   PURCHASE 2020-10   76,198 89,386     -13,188  
    TN ST SCH BD AU 2.379% 2012-12 PURCHASE 2020-05   90,323 95,188     -4,865  
    UNION CN PA 2012-11 PURCHASE 2020-10   253,360 290,290     -36,930  
    WESTLAKE OH CTY 5.227% 2018-12 PURCHASE 2020-10   102,788 105,136     -2,348  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CHRISTIAN CNTY KY 5.375% SCH DIST 317,122 300,900
    HARLIGEN TX 6.75% SCH DIST 296,123 280,225
    GOLDMAN SACHS 2.95% 9/19/22 248,613 261,903
    UNIV OF OKLAHOMA 2.793 REV TAX 251,965 258,065
    BERKS CNTY PA 2.728% SER A TAX 251,873 255,200
    MCALLEN TX 4.66% DUE 2/15/26 264,252 251,220
    ORLEANS PARISH LA 4.4% SCH CONST 271,275 250,603
    TX ST 2.466% 12/1/24 236,574 243,239
    HUDSON NY 4.35% SCH DIST TAX D 252,025 242,047
    ROGERS AR SD 030 5.5% 29 GO LTX 216,661 239,693
    WHITLEY CNTY KY 5.25% 29 LEAS SCH 230,428 220,581
    HOFFMAN ESTATES IL 4.25% TSBL 200,025 218,756
    KANSAS CITY MO 2.689% 10/1/24 202,863 210,912
    COLUMBUS OH 2.483% GEN OBL 189,079 208,084
    CENTER POINTER-URBANA IOWA 2.74% 205,309 204,070
    ST LOUIS CNT MO 3% SPL OBL 12/1/21 201,501 203,654
    DECATUR MI 6.45% PUB SCH DUE 5 245,000 200,784
    UNIVERSITY OF NORTH TX 3.2% ED 177,928 181,057
    BERTIE CNTY NC 4.667% DUE 11/1/35 148,643 178,760
    GLENDALE WI 3.5% CMMTY DUE 10/1/22 160,025 168,342
    SALLIE MAE BANK 3.3% 23 CD FDIC 150,015 161,308
    NYC NY TRAN AUTH 2.77% DUE 8/1/28 146,794 158,699
    GLOVERSVILLE NY 4.5% SCH DIST 162,751 156,563
    WAKE CNTY NC 5.1% 27 GO UTX 155,616 150,486
    FEDERAL NATIONAL MORTGAGE 1.75% 147,198 148,605
    KINDRED NORTH DAKOTA 6% 8/1/27 119,532 126,425
    JOHNSON COUNTY KS 1.82% PARKS 125,015 125,918
    CLEVELAND OH 5.2% QSCB SCH 108,717 119,761
    OK ST CAP IIMPT 3.823% DUE 7/1/29 102,381 113,685
    MORGAN STANLEY PR 3.4% 22 CD FDIC 99,644 106,017
    CITRUS CNTY FL 6.378% 4/1/27 115,996 105,360
    MCKLNBRG CNTY NC 4.349% DUE 10/1/30 104,556 102,474
    WARREN WOODS MI 3.25% ENE CONS 101,700 101,503
    ST CLAIR CN IL 5.2% 12/1/28 87,519 83,536
    CLARK CTY NV 5.51% SCH DIST 62,522 58,602
    LONG BEACH CA U 5.314% IMPT SCH 52,796 51,382
    BREMERTON WA 5.269% LTD DUE 12/1/25    
    COLORADO ST 5.42% COPS BAB    
    COLUMBUS OH 5.56% QCSB SCH    
    CUYAHOGA CNTY OH 5.284% ECON    
    DC UNIV - HOWARD 5.991% REV TA    
    ELGIN OH LOC SD 5.499 GO UTX    
    ELIZABETH NJ 2.926% TAX REF    
    HAMMOND IN 5.04% MULT FAM TAX    
    IOWA ST 3.1% WESTERN CC    
    KANSAS ST 4.25% SLS TAX BAB    
    KS DFA SALES TAX 5% 9/1/24    
    LAWRENCE KS 5.6% 30 GO UTX    
    MAHTOMEDIA MN 5% SCH DIST TAX    
    METRO CO ST 4.438% DENVER RR R    
    NORWOOD MA 4.85% MUN PRUP TAX    
    ONSTED MI 5.55% QSCB SCH    
    SALLIE MAE BANK 2.75% 20 CD FDIC    
    SEDGWICK CNTY KS 5.29% SCH DIS    
    SNOHOMISH CTY WA 4.062% ECO    
    ST BNK OF IN 2.85% DUE 6/19/24    
    ST CHARLES MO 6.166% REDEV    
    TENNESSEE ST 2.379% SCH DIST T    
    UNION CNTY PA 5.61% GENL OBLIG    
    WESTLAKE OH CTY 5.227% 26 GO UTX    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE, INC 57,804 398,070
    BP PLC 169,628 92,555
    CHEVRON CORPORATION 239,773 186,647
    CONOCO PHILLIPS 118,802 71,664
    EXXON MOBIL 136,946 65,105
    GLAXOSMITHKLINE PLC ADRF 71,907 60,720
    INTEL CORP 40,548 99,640
    ISHARES HIGH DIVIDEND EQUITY 632,699 724,029
    INVESCO S&P 500 506,468 510,160
    JOHNSON & JOHNSON 30,764 70,821
    LOCKHEED MARTIN CORP 27,834 106,494
    NORFOLK SOUTHERN CORP 44,608 178,207
    ROYAL BANK OF CANADA 98,523 135,399
    SCHWAB US BROAD MARKET ETF    
    SCHWAB VARIABLE SHARE    
    TRANSCANADA CORP F    
    UNILEVER NV 100,409 158,445
    VANGUARD TOTAL WORLD 509,988 509,190
    WASTE MANAGEMENT 35,289 129,723

    TY 2020 LandEtcSchedule2
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS & EQUIPMENT 6,902,014 3,657,649 3,244,365 6,902,014
    LAND 10,650,754   10,650,754 10,650,754


    TY 2020 LegalFeesSchedule
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 315   315  


    TY 2020 OtherExpensesSchedule
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    BANK SERVICE CHARGES 1,036   1,036  
    CONTRACT LABOR 96,425   96,425  
    DUES & SUBSCRIPTIONS 3,145   3,145  
    FUEL 76,818   76,818  
    GRAZING FEES 17,050   17,050  
    INSURANCE 202,969   202,969  
    LIVESTOCK OPERATING EXPENSE 2,274,933   2,274,933  
    MANAGEMENT FEES 144,000   144,000  
    OFFICE SUPPLIES 5,077   5,077  
    POSTAGE 579   579  
    REPAIRS & MAINTENANCE 79,071   79,071  
    SUPPLIES 41,726   41,726  
    TRADING FEES 292 292    
    UTILITIES 19,536   19,536  
    LOSS ON CATTLE FUTURES 11,456 11,456    


    TY 2020 OtherIncomeSchedule2
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    CUSTOM GRAZING FEES 22,480   22,480
    CRP/LIP/NAP 536,072   536,072
    CROP INSURANCE PROCEEDS 377,055   377,055
    HUNTING TAGS 64,700   64,700
    OTHER INCOME 29,194   29,194
    PPP LOAN FORGIVENESS 50,000   50,000


    TY 2020 OtherLiabilitiesSchedule
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Description Beginning of Year - Book Value End of Year - Book Value
    PAYROLL LIABILITIES 3,418 4,793


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT OTHER PROFESSIONAL FEES 3,458   3,458  


    TY 2020 SalesOfInventoryList 
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921

    Category Gross Sales Cost of Goods Sold Net (Gross Sales Minus
    Cost of Goods Sold)
    LIVESTOCK SALES 4,108,862   4,108,862

    TY 2020 TaxesSchedule
    Name:
    BADGER CREEK CORPORATION
    EIN:
    20-1210921
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAX 17,565   17,565  
    FOREIGN TAX 2,147 2,147    
    FEDERAL INCOME TAX 11,741 11,741