TY 2018 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)	18,850
2	Check .............
3	Interest on savings and temporary cash investments	475	475	475
4	Dividends and interest from securities...	2,367	2,367	2,367
5a	Gross rents............	8,420	8,420	8,420
b	Net rental income or (loss) -37,082
6a	Net gain or (loss) from sale of assets not on line 10		-1,772
b	Gross sales price for all assets on line 6a 63,285
7	Capital gain net income (from Part IV, line 2)...		0
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).......		142	142	142
12	Total. Add lines 1 through 11........	28,482	11,404	11,404
	13	Compensation of officers, directors, trustees, etc.	0	0	0	0
14	Other employee salaries and wages......	15,154	15,154	15,154	0
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,600	2,600	2,600	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,159	1,159	1,159	0
19	Depreciation (attach schedule) and depletion...		17,436	17,436	17,436
20	Occupancy..............	8,425	8,425	8,425	0
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		5,505	5,495	5,495	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	50,279	50,269	50,269	0
25	Contributions, gifts, grants paid.......	18,850			18,850
26	Total expenses and disbursements. Add lines 24 and 25	69,129	50,269	50,269	18,850
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-40,647
b	Net investment income (if negative, enter -0-)		0
c	Adjusted net income (if negative, enter -0-)...			0

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.............	6,997	6,142	6,142
	2	Savings and temporary cash investments.........	354,136	371,549	371,549
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis 777,409
		Less: accumulated depreciation (attach schedule) 318,102	476,743	459,307	650,000
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	39,769	0	0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	877,645	836,998	1,027,691
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	877,645	836,998
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	877,645	836,998
	31	Total liabilities and net assets/fund balances (see instructions).	877,645	836,998

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 30 (must agree with end-of-year figure reported on prior year’s return) ...............

877,645

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

-40,647

Other increases not included in line 2 (itemize) bullet

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

836,998

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 30 .

836,998

(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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	IQ CHAIKIN US SMALL CAP ETF		2018-11-15
b	IQ CHAIKIN US SMALL CAP ETF	2018-07-24	2018-10-23
c	SPDR S&P BANK ETF	2018-07-24	2018-10-16
d	SPDR S&P BANK ETF		2018-11-07
e	CAPITAL GAIN DISTRIBUTIONS		2018-12-31
	PARTNERSHIP GAIN/LOSS		2018-12-31
	PARTNERSHIP GAIN/LOSS		2018-12-31
	CERES TACTICAL CURRENCY LP	2004-12-01	2018-04-30
	CERES TACTICAL SYSTEMATIC LP	2004-12-01	2018-04-30
	MORGAN STANLEY SPECTRUM SELECT	2004-12-01	2018-04-30

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	6,518	7,605	-1,087
b	2,217	2,327	-110
c	4,674	5,305	-631
d	9,540	10,105	-565
e	4,070		4,070
		268	-268
		83	-83
	6,111	6,643	-532
	14,047	15,309	-1,262
	16,108	17,412	-1,304

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			-1,087
b			-110
c			-631
d			-565
e			4,070
			-268
			-83
			-532
			-1,262
			-1,304

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	-1,772
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	-2,744

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	34,391	402,963	0.085345
2016	26,215	425,339	0.061633
2015	20,215	448,864	0.045036
2014	39,003	443,130	0.088017
2013	20,817	501,246	0.041531

Total of line 1, column (d) .....................

0.321562

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.064312

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

419,200

Multiply line 4 by line 3......................

26,960

Enter 1% of net investment income (1% of Part I, line 27b)...........

Add lines 5 and 6........................

26,960

Enter qualifying distributions from Part XII, line 4,.............

55,932

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI 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	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	0
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% 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	0
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	0
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	0
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	0
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 2019 estimated tax	Refunded	11

(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
NANCY FAIN	DIRECTOR 5.00	0	0	0
3001 MAIN STREET SUITE 2B PRESCOTT VALLEY,AZ86314
SEAN BRADLEE FAIN	DIRECTOR 5.00	0	0	0
3001 MAIN STREET SUITE 2B PRESCOTT VALLEY,AZ86314

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

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	OPERATE AND MAINTAIN A CHAPEL IN PRESCOTT VALLEY, AZ THAT IS OPEN TO THE PUBLIC.	37,082
2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					20,960
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......
b From 2014......	16,964
c From 2015......
d From 2016......
e From 2017......	14,243
fTotal of lines 3a through e........		31,207
4Qualifying distributions for 2018 from Part
XII, line 4: $ 55,932
a Applied to 2017, 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 2018 distributable amount.....					20,960
e Remaining amount distributed out of corpus		34,972
5 Excess distributions carryover applied to 2018.		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		66,179
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 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					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 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		66,179
10 Analysis of line 9:
a Excess from 2014....	16,964
b Excess from 2015....
c Excess from 2016....
d Excess from 2017....	14,243
e Excess from 2018....	34,972

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) 2018	(b) 2017	(c) 2016	(d) 2015	(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

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:

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
SALVATION ARMY PO BOX 2017 PRESCOTT,AZ86302			DONATION	7,000
PRESCOTT AREA SHELTER SERVICES 336 N RUSH ST PRESCOTT,AZ86301			DONATION	5,000
COALITION FOR COMPASSION AND JUSTICE PO BOX 1882 PRESCOTT,AZ86302			DONATION	4,000
ANOTHER JOURNEY 223 WHITE SPAR ROAD PRESCOTT,AZ86303			DONATION	2,850
Total ................................. 3a				18,850

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

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	475
4 Dividends and interest from securities....			14	2,367
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	-37,082
6 Net rental income or (loss) from personal property
7 Other investment income.....			14	142
8 Gain or (loss) from sales of assets other than inventory ............			18	-1,772
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		-35,870	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

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.

Name of organization FAIN FAMILY FOUNDATION

Part I	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	FAIN LAND & CATTLE COMPANY 3001 MAIN STREET SUITE 2B PRESCOTT VALLEY, AZ86314	$ 18,850	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)


(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

bApproved for future payment

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

Name of organization FAIN FAMILY FOUNDATION		Employer identification number 86-0974837

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) (2018)


Name of organization FAIN FAMILY FOUNDATION			Employer identification number 86-0974837
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.) $ Use duplicate copies of Part III if additional space is needed.

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
CHAPEL	2002-04-12	651,997	262,616	SL	39.000000000000	16,718	16,718	16,718
LAND	2000-01-01	81,000		L		0	0	0
BRONZE PLAQUE	2002-04-12	4,223	4,223	SL	15.000000000000	0	0	0
DISPLAY CASE	2002-04-12	6,420	6,420	SL	7.000000000000	0	0	0
WALNUT CHAIR	2002-04-12	753	753	SL	7.000000000000	0	0	0
50 FOLDING CHAIRS	2002-04-12	5,901	5,901	SL	7.000000000000	0	0	0
CHAPEL SIGN	2002-04-12	2,920	2,920	SL	15.000000000000	0	0	0
12 OAK PEWS	2004-07-28	10,800	10,800	SL	7.000000000000	0	0	0
BRASS PLAQUES	2006-04-25	9,118	6,992	SL	15.000000000000	608	608	608
HVAC	2017-08-10	4,277	41	SL	39.000000000000	110	110	110

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value
CHAPEL	651,997	279,334	372,663
LAND	81,000	0	81,000
BRONZE PLAQUE	4,223	4,223	0
DISPLAY CASE	6,420	6,420	0
WALNUT CHAIR	753	753	0
50 FOLDING CHAIRS	5,901	5,901	0
CHAPEL SIGN	2,920	2,920	0
12 OAK PEWS	10,800	10,800	0
BRASS PLAQUES	9,118	7,600	1,518
HVAC	4,277	151	4,126

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income
AZ FILING FEE	10	0	0
SERVICE CHARGE	1,823	1,823	1,823
PARTNERSHIP INCOME	344	344	344
ADVERTISING	17	17	17
AUTO EXPENSE	863	863	863
DUES AND SUBSCRIPTIONS	50	50	50
WORKERS COMP INSURANCE	338	338	338
OUTSIDE SERVICES	1,940	1,940	1,940
PUBLIC RELATIONS	120	120	120

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