TY 2021 Form 990PF

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.............	590,765	671,865	671,865
	2	Savings and temporary cash investments.........	2,536,871	3,084,405	3,087,950
	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..........	1,158	51	51
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......	2,558,222	2,005,186	1,951,413
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	21,892	17,401	17,401
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,708,908	5,778,908	5,728,680
	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 FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	5,708,908	5,778,908
	29	Total net assets or fund balances (see instructions).....	5,708,908	5,778,908
	30	Total liabilities and net assets/fund balances (see instructions).	5,708,908	5,778,908

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

5,708,908

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

70,000

Other increases not included in line 2 (itemize) bullet

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

5,778,908

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 .

5,778,908

(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
1 a	ACCT 7667	P
b	ACCT 7667	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	11,116,967	11,173,743	-56,776
b	609,862	644,569	-34,707
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			-56,776
b			-34,707
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	-91,483
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

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	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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	1,108
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	1,108
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	1,174
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	1,174
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	66
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax66	Refunded	11	0

(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
JAMES W ELLIS JR	TRUSTEE 0.00	0	0	0
5901 PEACHTREE BOULEVARD ATLANTA,GA30341
BILLIE S ELLIS	TRUSTEE 0.00	0	0	0
5901 PEACHTREE BOULEVARD ATLANTA,GA30341
JAMES E ELLIS	TRUSTEE 0.00	0	0	0
5901 PEACHTREE BOULEVARD ATLANTA,GA30341
KAREN E BLACK	TRUSTEE, VICE PRESIDENT 0.00	0	0	0
5901 PEACHTREE BOULEVARD ATLANTA,GA30341
KRISTI E COHRON	TRUSTEE, PRESIDENT 0.00	0	0	0
5901 PEACHTREE BOULEVARD ATLANTA,GA30341
BROOKE E GATLIN	TRUSTEE, SEC/TREASURER 0.00	0	0	0
5901 PEACHTREE BOULEVARD ATLANTA,GA30341

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


2


All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					290,789
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	1,120,565
b From 2017......	931,662
c From 2018......	914,212
d From 2019......	778,595
e From 2020......	713,380
f Total of lines 3a through e ........		4,458,414
4Qualifying distributions for 2021 from Part
XI, line 4: $ 918,200
a Applied to 2020, 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 2021 distributable amount.....					290,789
e Remaining amount distributed out of corpus		627,411
5 Excess distributions carryover applied to 2021.		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		5,085,825
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 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					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 2016 not applied on line 5 or line 7 (see instructions) ...		1,120,565
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		3,965,260
10 Analysis of line 9:
a Excess from 2017....	931,662
b Excess from 2018....	914,212
c Excess from 2019....	778,595
d Excess from 2020....	713,380
e Excess from 2021....	627,411

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) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, 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 IX, 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
AMERICAN CARRIBEAN EXPERIENCE PO BOX 566263 ATLANTA,GA31156	NONE	PUBLIC CHARITY	GENERAL	25,000
ALLIANCE FOR CHRISTIAN MEDIA 2715 PEACHTREE RD ATLANTA,GA30305	NONE	PUBLIC CHARITY	GENERAL	20,000
ATLANTA MISSION 2353 BOLTON ROAD ATLANTA,GA30318	NONE	PUBLIC CHARITY	GENERAL	50,000
BILLY GRAHAM EVANGELISTIC 1 BILLY GRAHAM PKWY CHARLOTTE,NC28201	NONE	PUBLIC CHARITY	GENERAL	25,000
BOB TEBOW EVANGELISTIC 8834-F GOODBYS EXECUTIVE DR JACKSONVILLE,FL32217	NONE	PUBLIC CHARITY	GENERAL	5,000
BUCKHEAD CHRISTIAN MINISTRY 2847 PIEDMONT RD NE ATLANTA,GA30305	NONE	PUBLIC CHARITY	GENERAL	5,000
CAMPUS CRUSADE 100 LAKE HART DRIVE ORLANDO,FL32832	NONE	PUBLIC CHARITY	GENERALGENERAL	5,000
CHILD EVANGELISM FELLOWSHIP 17482 STATE HIGHWAY M WARRENTON,MO63383	NONE	PUBLIC CHARITY	GENERAL	10,000
COMMUNITY FRIENDSHIP INC 85 RENAISSANCE PKWY NE ATLANTA,GA30308	NONE	PUBLIC CHARITY	GENERAL	50,000
GWINNETT MEDICAL CENTER 1755 NORTH BROWN ROAD LAWRENCEVILLE,GA30043	NONE	PUBLIC CHARITY	GENERAL	144,000
HAPPY FEAT ORGANIZATION 400 PEACHTREE INDUSTRIAL BLVD STE 5 SUWANEE,GA30024	NONE	PUBLIC CHARITY	GENERAL	3,000
HOPE INC PO BOX 3166 DULUTH,GA30096	NONE	PUBLIC CHARITY	GENERAL	22,000
HOSEA FEED THE HUNGRY 4779 MINDY DRIVE ATLANTA,GA30336	NONE	PUBLIC CHARITY	GENERAL	5,000
HUDGENS CENTER FOR ART & LEARNING 6400 SUGARLOAF PKWY BLDG 300 DULUTH,GA30097	NONE	PUBLIC CHARITY	GENERAL	2,000
LITERACY ACTION 231 PEACHTREE ST NE ST M-100 ATLANTA,GA30303	NONE	PUBLIC CHARITY	GENERAL	2,500
MAILBOX CLUB 404 EAGER RD VALDOSTA,GA31602	NONE	PUBLIC CHARITY	GENERAL	10,000
MY BROTHER'S KEEPER 5879-B NORTH PEACHTREE ROAD DORAVILLE,GA30340	NONE	PUBLIC CHARITY	GENERAL	250,000
NORCROSS CO-OP 2275 MITCHELL RD NW NORCROSS,GA30071	NONE	PUBLIC CHARITY	GENERAL	100,000
OPPORTUNITY KNOCKS FOR YOUTH PO BOX 681822 MARIETTA,GA30068	NONE	PUBLIC CHARITY	GENERAL	5,000
SALVATION ARMY 1000 CENTER PLACE NORCROSS,GA30093	NONE	PUBLIC CHARITY	GENERAL	75,000
SAMARITAN'S PURSE MINISTRIES PO BOX 3000 BOONE,NC28607	NONE	PUBLIC CHARITY	GENERAL	50,000
SPECIAL OLYMPICS 4000 DEKALB TECHNOLOGY PKWY ATLANTA,GA30340	NONE	PUBLIC CHARITY	GENERAL	4,000
WELLSPRING LIVING 860 JOHNSON FERRY ROAD ATLANTA,GA30342	NONE	PUBLIC CHARITY	GENERAL	50,000
Total ................................. 3a				917,500

	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)	1,000,000
2	Check .............
3	Interest on savings and temporary cash investments	93,227		93,227
4	Dividends and interest from securities...
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-91,483
b	Gross sales price for all assets on line 6a 11,726,829
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).......
12	Total. Add lines 1 through 11........	1,001,744		93,227
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		1,400	700	700
c	Other professional fees (attach schedule)....		11,737	11,737	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,107	1,107	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	14,244		13,544	700
25	Contributions, gifts, grants paid.......	917,500			917,500
26	Total expenses and disbursements. Add lines 24 and 25	931,744		13,544	918,200
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	70,000
b	Net investment income (if negative, enter -0-)			79,683
c	Adjusted net income (if negative, enter -0-)...

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	93,227
4 Dividends and interest from securities ....
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	-91,483
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		1,744	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.


(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 THE JIM AND BILLIE ELLIS FOUNDATION INC

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	JIM ELLIS ATLANTA INC 5901 PEACHTREE BOULEVARD ATLANTA, GA30341	$ 1,000,000	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) (2021)

Name of organization THE JIM AND BILLIE ELLIS FOUNDATION INC		Employer identification number 58-2500810

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) (2021)


Name of organization THE JIM AND BILLIE ELLIS FOUNDATION INC			Employer identification number 58-2500810
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.

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