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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Jack and Catherine Flanary Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)4785 Caughlin Pkwy
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Reno, NV89519
A Employer identification number

84-3031022
B Telephone number (see instructions)

(775) 827-2000
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$5,024,839J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 64 64  
4 Dividends and interest from securities... 67,889 67,889  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 274,322
b Gross sales price for all assets on line 6a 1,089,608
7 Capital gain net income (from Part IV, line 2)... 274,322
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........ 342,275 342,275  
Operating and Administrative Expenses 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)......... Click to see attachment 13,324 0   13,324
b Accounting fees (attach schedule)....... Click to see attachment 7,000 0   7,000
c Other professional fees (attach schedule).... Click to see attachment 50,771 50,771   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,185 1,785   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 345 345   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 73,625 52,901   20,324
25 Contributions, gifts, grants paid....... 40,000 40,000
26 Total expenses and disbursements. Add lines 24 and 25 113,625 52,901   60,324
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 228,650
b Net investment income (if negative, enter -0-) 289,374
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 482 461 461
2 Savings and temporary cash investments......... 244,196 132,965 132,965
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,300,192 Click to see attachment2,993,038 3,873,529
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 0 776,778 767,884
13 Investments—other (attach schedule).......... 1,377,575 Click to see attachment247,853 250,000
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,922,445 4,151,095 5,024,839
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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 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........ 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 3,922,445 4,151,095
29 Total net assets or fund balances (see instructions)..... 3,922,445 4,151,095
30 Total liabilities and net assets/fund balances (see instructions). 3,922,445 4,151,095
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
3,922,445
2
Enter amount from Part I, line 27a .....................
2
228,650
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,151,095
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,151,095
Form 990-PF (2021)
Form 990-PF (2021)
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.)
1 a Publicly Traded Securities P    
b Capital Gains Dividends P    
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 1,087,529   815,286 272,243
b 2,079     2,079
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       272,243
b       2,079
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 2 274,322
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 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 4,022
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 4,022
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 207
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,207
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 89
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 2,096
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,096 RefundedBullet 11 0
Part VI-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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNV
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 ofbulletKirk Gardner Telephone no.bullet (775) 689-9218

    Located atbullet5441 Kietzke Lane Suite 150RenoNV ZIP+4bullet89511
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    No
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    G Barton Mowry President
    1.00     		0 0 0
    4785 Caughlin Parkway
    Reno,NV89519
    Kirk Gardner Secretary/Treasurer
    1.00     		0 0 0
    5441 Kietzke Lane Suite 150
    Reno,NV89511
    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 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    4,511,030
    b
    Average of monthly cash balances.......................
    1b
    246,332
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,757,362
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,757,362
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    71,360
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    4,686,002
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    234,300
    Part X
    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 IX, line 6..................
    1
    234,300
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    4,022
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,022
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    230,278
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    230,278
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    230,278
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 230,278
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 34,638
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 60,324
    a Applied to 2020, but not more than line 2a 34,638
    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..... 25,686
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		204,592
    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) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    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          
    Part XIV
    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 e-mail address of the person to whom applications should be addressed:
    Kirk Gardner
    5441 Kietzke Lane Suite 150
    Reno,NV89511
    (775) 689-9218
    bThe form in which applications should be submitted and information and materials they should include:
    No specific form is required for the initial request, which should provide a brief description of the proposed program and funding request. Applicants will be contacted for additional information if the Foundation has an interest in the request.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grants are generally limited to programs that support nature, the environment and health and medical research and support and/or programs for the benefit of Reno, Nevada and surrounding communities and environments.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    Alzheimer's Association
    639 Isbell Rd 240
    Reno,NV89509     		None PC Accelerating global Alzheimer research, driving risk reduction and early detection, and maximizing quality care and support. 20,000
    The Nature Conservancy
    One E First Street Suite 1007
    Reno,NV89501     		None PC Preservation of Nevada landscapes and habitat. 20,000
    Total .................................bullet 3a 40,000
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 64  
    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 ............     		    18 274,322  
    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) .. 0 342,275 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    342,275
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Jack and Catherine Flanary Foundation
    EIN:
    84-3031022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 7,000 0   7,000

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Jack and Catherine Flanary Foundation
    EIN:
    84-3031022
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Abbvie Inc 16,445 26,673
    Advance Auto Parts Inc 13,747 21,828
    Alphabet Inc CL A 41,341 75,323
    Amazon Com Inc Com 68,279 70,021
    American Intl Group Inc Com New 12,532 22,175
    Anthem Inc. Com 32,063 50,062
    Apple Computer Inc Com 86,235 132,112
    Aptiv Plc Shs 12,664 21,444
    Astrazeneca Plc Sponsored Adr 29,961 32,970
    Spon Adr Rep A" 22,309 24,848
    Becton Dickinson & Co Com 16,845 17,352
    Bio Rad Labs Inc Cl A 41,067 52,890
    Blackrock Inc Com 21,674 32,045
    Canadian Natl Ry Co Com 30,445 36,489
    Cdw Corp Com 18,201 29,898
    Check Point Software Tech Lt Ord 31,135 30,072
    Chevron Corp 11,623 19,480
    Cit Group 14,592 25,465
    Citigroup Inc 25,464 36,234
    Comcast Corp 19,446 22,447
    Costco Whsl Corp New 30,486 46,551
    Dollar Gen Corp New 12,153 13,442
    Ecolab Inc 23,930 28,620
    Edwards Lifesciences Corp 17,908 29,926
    Fastenal Co 20,965 30,493
    Firstenergy Corp 28,893 37,805
    Fiserv Inc 27,797 29,476
    Goldman Sachs Group Inc 25,721 49,732
    HDFC Bank Ltd 13,167 14,315
    Hess Corp 22,648 45,010
    Home Depot Inc 28,906 43,161
    Honeywell Intl Inc 34,492 42,745
    Humana Inc 27,221 29,223
    ICICI Bank Limited 14,424 25,509
    Infineon Technologies Ag 19,422 29,348
    Ishares 138,821 194,612
    Ishares Inc 74,188 80,931
    Jp Morgan Chase & Co 49,948 79,175
    Kroger Co 10,395 14,393
    Lockheed Martin Corp 8,745 8,530
    Loews Corp 9,347 15,595
    Lowes Cos Inc Com 15,552 24,039
    Mccormick & Co Inc Com Non Vtg 18,783 18,742
    Mckesson Corp Com 11,335 18,643
    Medical Pptys Trust Inc Com 14,739 19,424
    Merck & Co Inc New Com 21,888 22,226
    Meta Platforms Inc Cl A 26,641 31,953
    Microsoft Corp Com 125,588 198,765
    Netflix Inc Com 25,783 31,929
    Nextera Energy Inc Com 5,453 26,888
    Nvidia Corp Com 23,438 51,763
    Oracle Corp Com 63,193 95,844
    Pfizer Inc Com 49,040 77,237
    Philip Morris Intl Inc Com 5,063 6,650
    Procter & Gamble Co Com 18,096 20,775
    Public Svc Enterprise Group Com 18,098 19,685
    Regeneron Pharmaceuticals Com 17,545 18,946
    Renaissancere Holdings Ltd Com 19,749 19,304
    Roche Hldg Ltd Sponsored Adr 39,693 49,571
    Royal Dutch Shell PLC Spon Adr B 12,043 22,542
    Salesforce Com Inc Com 31,852 32,529
    Sap Aktiengesellschaft Sponsored Adr 33,366 40,212
    Schwab Charles Corp New Com 6,357 13,792
    Snap On Inc Com 11,712 15,723
    Southwest Airls Co Com 17,691 18,764
    Starbucks Corp Com 11,937 15,557
    Steris Plc Shs Usd 18,785 24,584
    Suncor Energy Inc New 11,415 23,328
    Taiwan Semiconductor MFG 115,864 160,975
    Target Corp 23,351 34,253
    Teradyne Inc 24,122 44,644
    Truist Finl Corp 18,322 25,352
    Unilever Plc 19,774 17,428
    Spon Adr New 10,611 9,467
    Unitedhealth Group Inc 46,266 72,308
    Verizon Communications 29,829 26,915
    Visa Inc 30,444 34,457
    Abbott Labs 3,193 3,378
    Accenture PLC Ireland 2,982 3,316
    Adobe Sys Inc 2,550 2,268
    Airbnb Inc 2,179 1,998
    Alphabet Inc CL C 14,896 14,468
    American Tower Corp 2,186 2,340
    American Wtr Wks Co Inc New 1,583 1,700
    Amphenol Corp New 584 612
    Applied Matls Inc 615 629
    Asml Holding N 3,110 3,185
    Berkshire Hathaway Inc Del 3,696 3,887
    Blackstone Inc 4,065 3,882
    Broadcom Inc 1,171 1,331
    Cme Group Inc 1,372 1,371
    Danaher Corp Del 3,855 3,948
    Disney Walt Co 3,078 3,098
    Eaton Corp Plc 2,535 2,592
    Eog Res Inc 1,247 1,244
    Fortive Corp 2,646 2,670
    Intuit 1,336 1,286
    Iqvia Hldgs Inc 2,720 2,821
    Johnson & Johnson Com 1,981 2,053
    Keysight Technologies Inc Com 1,407 1,446
    Kinder Morgan Inc Com 996 983
    Lauder Estee Cos Inc CL A 2,154 2,221
    Marsh & Mclennan Cos Inc Com 1,723 1,738
    Mondelez Intl Inc Cl A 1,281 1,393
    Nike Inc Cl B 7,291 7,167
    Norfolk Southern Corp Com 2,017 2,084
    Paypal Hldgs Inc Com 1,157 1,131
    Pepsico Inc Com 2,002 2,085
    Raytheon Technologies Corp Com 2,682 2,668
    S&P Global Inc 1,875 1,888
    Servicenow Inc 1,952 1,947
    Sherwin Williams Co 5,536 5,635
    Spdr Series Trust 1,023 1,008
    Texas Instrs Inc 1,750 1,696
    Thermo Fisher Scientific 4,483 4,671
    Tjx Cos Inc 3,571 3,644
    United Rentals Inc 2,888 2,658
    Valero Energy Corp 1,058 1,127
    Alexandria Real Estate Eq In 8,235 8,472
    Avantor Inc 9,242 9,819
    Bank Of Hawaii Corp 5,377 5,444
    Boot Barn Hldgs Inc 17,500 18,950
    Bright Horizons Fam Sol In D 8,127 8,937
    Brown & Brown Inc 5,260 5,482
    Cable One Inc 3,264 3,527
    Charles Riv Labs Intl Inc 7,952 8,289
    Continental Res Inc 5,021 5,192
    Copart Inc 19,915 20,620
    Curtiss Wright Corp 5,986 6,240
    Digital Turbine In 4,918 5,794
    Dominos Pizza Inc 18,676 19,752
    Eagle Materials Inc 11,479 11,819
    EastWest Bancorp Inc 9,054 9,127
    Factset Resh Sys Inc 5,202 5,346
    Fair Isaac Corp 6,946 7,372
    First Rep Bk San Francisco C 16,439 16,521
    Fox Factory Hldg Corp 9,370 9,866
    Gentex Corp 6,894 7,040
    Graco Inc 14,815 14,995
    Graphic Packaging Hldg Co 7,757 7,449
    Guidewire Software Inc 7,316 7,266
    Helen Of Troy Ltd 3,182 3,178
    Henry Jack & Assoc Inc 14,695 14,862
    Houlihan Lokey Inc 3,682 3,727
    Ichor Holdings 3,079 3,360
    Ishares 58,457 60,608
    Russell 2000 Value 3,161 3,155
    J & J Snack Foods Corp 6,889 7,108
    Lyft Inc 6,282 7,136
    Malibu Boats Inc 8,792 8,935
    Mercury Sys Inc 4,562 5,010
    Meritage Homes Corp 7,797 8,178
    Monarch Casino & Resort Inc 8,730 9,909
    Mongodb Inc Cl A 19,744 21,703
    Monolithic Pwr Sys Inc 32,914 34,040
    Old Dominion Fght Lines Inc 31,991 32,613
    Ollies Bargain Outlt Hldgs I 8,216 8,805
    Oshkosh Corp 2,962 3,043
    Otter Tail Corp 6,280 6,571
    Pennymac Mtg Invt Tr 2,541 2,513
    Ping Identity Hldg Corp 2,300 2,311
    Portland Gen Elec Co Com 6,258 6,297
    Progress Software Corp 4,637 4,827
    Rbc Bearings Inc 15,709 15,956
    Renaissancere Holdings Ltd 3,515 3,556
    Retail Opportunity Invts Cor 3,225 3,371
    Rli Corp 11,041 11,098
    Rpm Intl Inc 4,806 4,848
    Signature Bk New York N Y 7,616 8,087
    Simon Ppty Group Inc New 11,240 11,823
    Simpson Manufacturing Co Inc 14,113 14,880
    Spdr Series Trust S&P 33,269 33,700
    Sps Comm Inc 3,598 3,843
    Steris Plc Shs 12,710 13,388
    Sun Cmntys Inc 6,545 6,929
    Svb Finl Group 23,929 23,738
    Synovus Finl Corp Com 7,644 7,707
    Teledyne Technologies Inc 13,426 13,544
    Topbuild Corp 11,296 11,312
    Wd40 Co 11,238 11,743
    West Pharmaceutical Svsc Inc 20,042 21,105
    Yeti Hldgs Inc 6,691 6,792

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Jack and Catherine Flanary Foundation
    EIN:
    84-3031022
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WTC Multi Strategy Offshore AT COST 247,853 250,000

    TY 2021 LegalFeesSchedule
    Name:
    Jack and Catherine Flanary Foundation
    EIN:
    84-3031022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 13,324 0   13,324


    TY 2021 OtherExpensesSchedule
    Name:
    Jack and Catherine Flanary Foundation
    EIN:
    84-3031022
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR Fees 345 345   0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Jack and Catherine Flanary Foundation
    EIN:
    84-3031022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 50,771 50,771   0


    TY 2021 TaxesSchedule
    Name:
    Jack and Catherine Flanary Foundation
    EIN:
    84-3031022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Tax 1,785 1,785   0
    Excise Tax 400 0   0