Form990-PF
Click to see attachment
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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
The Ross Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 335
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Arkadelphia, AR71923
A Employer identification number

71-6060574
B Telephone number (see instructions)

(870) 246-9881
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$105,700,204J 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 2,700 2,700  
4 Dividends and interest from securities...      
5a Gross rents............ 21,787 21,787  
b Net rental income or (loss) 21,787
6a Net gain or (loss) from sale of assets not on line 10 2,565,306
b Gross sales price for all assets on line 6a 3,378,519
7 Capital gain net income (from Part IV, line 2)... 2,565,306
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)....... Click to see attachment 227,513 227,513  
12 Total. Add lines 1 through 11........ 2,817,306 2,817,306  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 278,579 0   278,579
14 Other employee salaries and wages...... 341,426 0   341,426
15 Pension plans, employee benefits....... 156,086 0   156,086
16a Legal fees (attach schedule)......... Click to see attachment 750 0   750
b Accounting fees (attach schedule)....... Click to see attachment 24,031 0   24,031
c Other professional fees (attach schedule)....        
17 Interest............... 54,085 0   59,739
18 Taxes (attach schedule) (see instructions)... Click to see attachment 129,192 0   107,861
19 Depreciation (attach schedule) and depletion... Click to see attachment 36,519 0  
20 Occupancy.............. 8,978 0   8,978
21 Travel, conferences, and meetings....... 5,554 0   5,554
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 262,234 0   240,405
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,297,434 0   1,223,409
25 Contributions, gifts, grants paid....... 697,198 729,750
26 Total expenses and disbursements. Add lines 24 and 25 1,994,632 0   1,953,159
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 822,674
b Net investment income (if negative, enter -0-) 2,817,306
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............. 5,134 4,378 4,378
2 Savings and temporary cash investments......... 419,870 644,934 644,934
3 Accounts receivable bullet66,067
Less: allowance for doubtful accounts bullet   67,026 66,067 66,067
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.......... 36,420 20,772 20,772
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 bullet31,558
Less: accumulated depreciation (attach schedule) bullet   19,877 31,558 31,558
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet1,258,516
Less: accumulated depreciation (attach schedule) bullet721,893 573,142 Click to see attachment536,623 536,623
15 Other assets (describe bullet) Click to see attachment97,245,164 Click to see attachment104,395,872 Click to see attachment104,395,872
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 98,366,633 105,700,204 105,700,204
Liabilities 17 Accounts payable and accrued expenses.......... 130,427 110,189
18 Grants payable................. 46,552 14,000
19 Deferred revenue................. 80,545 78,204
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 2,066,000 Click to see attachment850,000
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 2,323,524 1,052,393
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........... 96,043,109 104,647,811
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)..... 96,043,109 104,647,811
30 Total liabilities and net assets/fund balances (see instructions). 98,366,633 105,700,204
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
96,043,109
2
Enter amount from Part I, line 27a .....................
2
822,674
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,782,028
4
Add lines 1, 2, and 3 ..........................
4
104,647,811
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
104,647,811
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 Real estate P 2004-01-14 2021-05-25
b Timber 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 318,000   80,654 237,346
b 3,060,519   732,559 2,327,960
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       237,346
b       2,327,960
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 2,565,306
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 39,161
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 39,161
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 32,874
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 17,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 49,874
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 10,713
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet10,713 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)
    bulletAR
    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 addressbulletwww.rossfoundation.us
    14
    The books are in care ofbulletAmanda Fenocchi Telephone no.bullet (870) 246-9881

    Located atbulletPO Box 335ArkadelphiaAR ZIP+4bullet71923
    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)
    Yes
     
    (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
     
    No
    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
     
    No
    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
    Ross Whipple Chairman/Trustee
    12.00     		61,085 7,392 0
    PO Box 335
    Arkadelphia,AR71923
    Mary Whipple Secretary/Trustee
    2.00     		12,000 0 0
    PO Box 335
    Arkadelphia,AR71923
    Mary Elizabeth Eldridge Director of Programs/Trustee
    14.00     		54,583 13,620 0
    PO Box 335
    Arkadelphia,AR71923
    Mark Karnes Director of Operations/Trustee
    40.00     		126,911 20,245 10,200
    PO Box 335
    Arkadelphia,AR71923
    Clark Tennyson Trustee
    2.00     		12,000 0 0
    PO Box 335
    Arkadelphia,AR71923
    Peggy Clark Trustee
    2.00     		12,000 0 0
    PO Box 335
    Arkadelphia,AR71923
    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
    David Hunt Senior Forester
    40.00     		99,956 13,500 7,800
    PO Box 335
    Arkadelphia,AR71923
    Eric Rhodes Forester
    40.00     		75,456 13,310 7,800
    PO Box 335
    Arkadelphia,AR71923
    Amanda Fenocchi Office Manager/Asst.
    40.00     		59,291 15,638 0
    PO Box 335
    Arkadelphia,AR71923
    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
    Clay Lowry Forestry Inc Tree Planting 62,011
    2848 Hwy 8 South
    Hermitage,AR71647
    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 The foundation continued its conservation forestry management program in 2021 through natural stand management, plantation stand management, hardwood management systems, and unique plant and habitat area management. These conservation forestry objectives result in diverse stands exhibiting both plant and habitat diversity throughout all lands owned and managed by the foundation as charitable assets. The foundation employs a full-time staff of professional foresters, biologists, and technicians to design, implement, and monitor a comprehensive conservation forestry management program.In 2021, the foundation incurred $457,529 in salaries and benefits for professional staff directly related to the continuation of its conservation forestry program. Additionally, expenses totaling $292,018 were incurred for contractor services and supplies and operating expenses to accomplish prescribed management treatments for wildlife habitat improvement, stand reforestation and management. 749,547
    2 The Ross Foundation's land is available to the public for recreational opportunities. During 2021, recreational users enjoyed various pursuits including hunting, fishing, day hiking, camping, picnicking, mountain bike riding, swimming, backpacking, bird watching, nature study, photography, and walking for aerobic activity. During 2021, The Ross Foundation spent $3,000 on materials and $45,399 in salary and benefits for allocated staff time related to public recreation administration and management activities on The Ross Foundation's property. 48,399
    3 The foundation's lands are available for educational and research activities. In 2021, the foundation provided second year monitoring sites for research by Ouachita Baptist University to investigate habitat selection by breeding birds in relation to habitat complexity. This project provides information for bird conservation, while providing undergraduate students with research experience. The foundation also assisted researchers with University of Arkansas at Monticello School of Forestry in monitoring the effects of the Emerald Ash Borer (an invasive beetle that kills ash trees) on tree species succession in bottomland hardwood stands. Additionally, the foundation continued in multi-year project, evaluating the progress of an operational oak regeneration study. This is a cooperative demonstration project with the University of Arkansas Cooperative Extension Service. The foundation contributed $12,177 in staff time coordinating and providing technical support to these activities. 12,177
    4 In 2021, The Ross Foundation donated one load of pine logs to be auctioned at the annual South-Central Arkansas Log A Load For Kids event, which is held as a fundraising effort for the benefit of Arkansas Children's Hospital. The fair market value of the load of logs was $1,182. 1,182
    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
    0
    b
    Average of monthly cash balances.......................
    1b
    831,734
    c
    Fair market value of all other assets (see instructions)................
    1c
    31,558
    d
    Total (add lines 1a, b, and c).........................
    1d
    863,292
    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
    863,292
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    12,949
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    850,343
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    42,517
    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
    42,517
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    39,161
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    39,161
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,356
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,356
    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
    3,356
    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 3,356
    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...... 1,580,482
    b From 2017...... 2,255,160
    c From 2018...... 1,877,266
    d From 2019...... 3,164,835
    e From 2020...... 1,909,725
    f Total of lines 3a through e ........ 10,787,468
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,953,159
    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..... 3,356
    e Remaining amount distributed out of corpus 1,949,803
    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 12,737,271
    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) ...     		1,580,482
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		11,156,789
    10 Analysis of line 9:
    a Excess from 2017.... 2,255,160
    b Excess from 2018.... 1,877,266
    c Excess from 2019.... 3,164,835
    d Excess from 2020.... 1,909,725
    e Excess from 2021.... 1,949,803
    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:
    Mary Elizabeth Eldridge The Ross Fo
    PO Box 335
    Arkadelphia,AR71923
    (870) 246-9881
    meeldridge@rossfoundation.us
    bThe form in which applications should be submitted and information and materials they should include:
    The application process consists of two steps. The first step is the preparation of a pre-proposal form, which can be found online at http://rossfoundation.us/pdfs/PreProposal_Info.pdf
    cAny submission deadlines:
    Submission deadlines are posted online at http://rossfoundation.us/application_procedure.html
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The major focus of the Foundation's philanthropic program has historically been restricted to projects that are located in the Clark County, Arkansas area. Applicant organizations must demonstrate tax-exempt status under Section 501(c)(3) or public charity status under Sections 509(a)(1) or (2) of the Internal Revenue Code. Funding is not provided for political lobbying, political advocacy or legislative activities, or grants to individuals. Funding is generally not provided for operating expenses of established agencies, grants to foreign organizations, grants for foreign expenditure or debt reduction drives.
    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
    AR Single Parent Scholarship Fund Program
    614 E Emma Ave Ste 119
    Springdale,AR72764     		N/A PC Ross Scholars 7,000
    Vera Lloyd Presbyterian Home and Family Serv
    1501 North University Suite 345
    Little Rock,AR72205     		N/A PC Transition Services: Vision and Tools for Traumatized Children 7,000
    The Nature Conservancy
    601 N University Ave
    Little Rock,AR72205     		N/A PC Control burn ignition drone and general support 50,643
    The CALL
    PO Box 1071
    Arkadelphia,AR71923     		N/A PC Foster Family Support and Awareness 1,000
    The Arkansas Environmental Education Assoc
    PO Box 149
    Greenland,AR72737     		N/A PC Environmental Education Expo 2021 500
    Pregnancy Resouce Center for SW AR
    PO Box 783
    Arakadelphia,AR71923     		N/A PC Purchase New Parenting Class Curriculum 1,540
    Percy & Donna Malone Child Safety Center
    PO Box 292
    Arkadelphia,AR71923     		N/A PC General support 500
    Ouachita Baptist University
    410 Ouachita Street
    Arkadelphia,AR71923     		N/A PC Bird Habitat Use at Jack Mountain Wildlife Management Area 8,400
    Hot Springs Documentary Film Institute
    659 Ouachita Avenue
    Hot Springs,AR71901     		N/A PC Virtual Student Outreach Programs for 2020 3,000
    Hospital - Baptist Health Foundation
    9601 Baptist Health Drive
    Little Rock,AR72205     		N/A PC Arkadelphia labg equipment, employee recognition, and general support 19,796
    Group Living Inc
    708 Main Street
    Arkadelphia,AR71923     		N/A PC General support 1,000
    Dawson Educational Cooperative
    711 Clinton Street
    Arkadelphia,AR71923     		N/A GOV Mini-Grant Programs 15,000
    Clark County Arkansas
    401 Clay Street
    Arkadelphia,AR71923     		N/A GOV Drone Project 4,806
    Clark County Community Foundation
    PO Box 735
    Arkadelphia,AR71923     		N/A PC Rename Youth Sports Complex to Mike Volz Park 400
    Clark County Arts & Humanities Council
    PO Box 396
    Arkadelphia,AR71923     		N/A PC Unrestricted Grant 500
    City of Arkadelphia
    700 Clay Street
    Arkadelphia,AR71923     		N/A GOV Arkadelphia Festival of the Arts 2,500
    Choose Outdoors Inc
    2443 South University Blvd 106
    Denver,CO80210     		N/A PC America's Forests with Chuck Leavell: Arkansas 30,000
    Arkansas Hunters Feeding the Hungry
    PO Box 55303
    Little Rock,AR72215     		N/A PC Snack Stick Program for Area Schools 2,000
    Arkansas Game & Fish Foundation
    2 Natural Resources Drive
    Little Rock,AR72205     		N/A PC Big Timber WMA, JMWMA, National Bobwhite Technical Committee Mtg 134,338
    Arkansas Forestry Assoc Education Foundation
    1213 W 4th St
    Little Rock,AR72201     		N/A PC Unrestricted Grant 40,643
    Arkansas Foodbank Network
    4301 West 65th Street
    Little Rock,AR72209     		N/A PC Food Credits for Pantries in Clark County 15,000
    Arkansas Community Foundation
    5 Allied Drive Suite 51110 Building
    5 11th Floor
    Little Rock,AR72202     		N/A PC Arkansas Impact Philanthropy-Task Force to Access Early Childcare and Education 10,000
    Arkansas Children's Foundation
    1 Childrens Way Slot 661
    Little Rock,AR72202     		N/A PC Emergency Outreach Program 10,500
    Arkadelphia Public Schools
    235 North 11sth Street
    Arkadelphia,AR71923     		N/A GOV CONE Foundation and Badger Robotics 12,000
    Arkadelphia Promise Foundation
    235 North 11 Street
    Arkadelphia,AR71923     		N/A PC Scholarship Fund 2021 351,684
    Total .................................bullet 3a 729,750
    bApproved for future payment
    AR Single Parent Scholarship Fund Program
    614 E Emma Ave Ste 119
    Springdale,AR72764     		N/A PC Ross Scholars 7,000
    Arkadelphia Community Foundation
    201 North 26th Street
    Arkadelphia,AR71923     		N/A PC Barkadelphia Dog Park 5,000
    Arkadelphia Public School
    401 High School Drive
    Arkadelphia,AR71923     		N/A GOV Academic Excellence Program - AHS 2,000
    Total .................................bullet 3b 14,000
    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 2,700  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 21,787  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 237,346 2,327,960
    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) .. 0 489,346 2,327,960
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,817,306
    (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.)
    8 Revenue received from the sale of timber harvested in connection with the Foundation's forestry conservation and management programs.
    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:
    The Ross Foundation
    EIN:
    71-6060574
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax compliance 4,000 0   4,000
    Audit services 20,031 0   20,031

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

    TY 2021 DepreciationSchedule
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    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
    Buildings 2019-12-31 901,757 419,973 SL 39.000000000000 28,064 0    
    Equipment 2016-03-07 265,640 252,761 SL 5.000000000000 5,295 0    
    Land 1994-01-01 75,319   L   0 0    
    Automobiles 2017-03-17 15,800 12,640 SL 5.000000000000 3,160 0    

    TY 2021 GeneralExplanationAttachment
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    Identifier Return Reference Explanation
    Information for Grant Applicants and Guidelines for Submitting Proposal Form 990-PF, Part XIV, Line 2a HistoryThe Ross Foundation began operation in early 1967. It was founded by Esther Ross and her daughter, Jane Ross. Its initial endowment came from the estate of Esther's father and Jane's grandfather, J.G. Clark. From the original core lands used to endow the Ross Foundation, the Foundation has grown to approximately 63,000 acres of land, primarily situated in Clark County and Hot Spring County, Arkansas. These lands are held for conservation and charitable purposes. Through the use of good forest management practices, revenue is produced and used to fund the Foundation's philanthropic program. Jane Ross, Robert C. Rhodes and H.W. "Bill" McMillan served as the Foundation's first trustees. The current trustees are: Ross M. Whipple, Chairman; Mary Elizabeth Eldridge; Mark Karnes; Clark Tennyson; Peggy Clark; and Mary Whipple. General PurposeThe Ross Foundation seeks proposals for innovative programs and projects from organizations which can demonstrate tax exempt status under Section 501 (c) (3) or public charity status under Sections 509 (a)(1) or (2) of the Internal Revenue Code. From the Ross Foundation's beginning, it has primarily concentrated its grants in the following areas: education, arts and cultural enrichment, community beautification and improvement, historical preservation, mental health and the developmentally disabled, and forestry research and conservation management. The major focus of the Foundation's philanthropic program has historically been restricted to projects that are located in the Clark County, Arkansas area. Funding is not provided for political lobbying, political advocacy or legislative activities, or grants to individuals. Funding is generally not provided for operating expenses of established agencies, grants to foreign organizations, grants for foreign expenditure, or debt reduction drives.Application ProcedureThank you for your interest in strengthening our community. If you believe that your project or organization meets our guidelines, we invite you to apply for a grant. The application process consists of two steps. The first step is the preparation of a pre-proposal, which may be made at any time during the year. The pre-proposal is reviewed to determine if the proposal is within the area of interest of the Ross Foundation. Pre-proposals consist of information provided on a one-page form that is attached to these guidelines. The pre-proposal form requests general information about the organization applying and a brief description of the proposed project. A preliminary budget and letter communicating the pre-proposal should be attached and signed by an official who has the authority to sign contracts for that organization. Pre-proposals are accepted at any time. Trustees will review the pre-proposals that have been received to date at each board meeting. The pre-poposal information can be found online at http://rossfoundation.us/pdfs/PreProposal_Info.pdfThose pre-proposals approved by the Trustees will be asked to submit a full proposal. The trustees of the Ross Foundation consider full proposals and approve grants three times a year.Full proposals received by February 1 will be reviewed by March 31, and funds for approved projects will be available by May 1 of the next year.Full proposals received by June 1 will be reviewed by July 31, and funds for approved projects will be available by September 1 of the next year.Full proposals received by September 1 will be reviewed by October 31, and funds for approved projects will be available by January 1 of the next year.You will be notified of the Board's decision on your full proposal within two weeks following the board meeting at which the proposal is considered. In addition to the submission of a grant application, we may also request additional information or a site visit during the application process. Full Proposal If you are asked to submit a full proposal to the Ross Foundation, please comply with the following guidelines. By submitting an application to the Ross Foundation it is understood that the party responsible for submission of a grant application has obtained the necessary approval to submit the application from the applying agency's board of directors. One application should be submitted, unbound, and include the following information: 1. Applicant Information shall include: - Brief description of the nature and history of the applying organization (This description should state the year that the organization was formed, explain the primary purpose of the organization and state its general area of operation.) - Brief description of the applying organization's current programs, activities and accomplishments - Financial Information. The Ross Foundation needs to understand the financial structure of the applying organization. As such, please provide pertinent financial information, such as an audited financial statement, reviewed statement, a compilation statement, or a tax return. We may request additional information at a later date. - List of current board members2. A copy of an IRS letter verifying the applying organization's Section 501 (c)(3) status or public charity status under Sections 509(a)(1) or (2) of the Internal Revenue Code, if applicable, and an affirmation letter signed by a responsible officer, director, trustee or chief executive of the organization that the IRS determination letter has not been revoked and that the present operation of the organization and its current sources of support are not inconsistent with the organization's continuing classification stated in the determination letter.3. Proposal Details shall include: - Statement of need / problem to be addressed (This statement should describe the specific need that has been identified.) - Narrative describing how the project will be conducted (It is understood that the size and nature of this narrative will vary depending on the characteristics of each project.) - Description of project goals and the programs /activities planned to accomplish these goals - Timeline for the project, if appropriate - List of other organizations, if any, cooperating in the implementation or funding of the project - List of names of key staff / volunteers responsible for project implementation - List of other individuals, corporations and foundations to whom you have submitted a grant application for this project, and any results (or projected results) from these other sources - Long term sources / strategies for funding of project at the end of the grant period, if appropriate - Expected impact, such as how the persons served will benefit, how your organization will benefit, and how the community as a whole will benefit4. A statement regarding how the organization will evaluate the success of this project and how and when it will be measured.5. Project Budget (depending on the nature of the project, the budget should contain all or part of the following items): - Salaries, wages, fringe benefits, consultants - Travel expenses, including per diem - Expendable materials and supplies - Equipment - Cost to conduct evaluation of project - Existing organization funds which can be contributed to this project - An itemized list of other costs that may be associated with this projectIf the project involves the use of funds from other sources, the source should be identified, and please indicate what percentage of the total funds needed to carry out the project is being requested of the Ross Foundation. TA description of major equipment should be attached to the budget sheet.No changes in the use of approved grant funds or in the direction of the project or program may be made without the Ross Foundation's prior written approval.Monitoring Grants, Payment and Grant EvaluationThe purpose of monitoring is to help the grantee succeed, to help the foundation evaluate the success of the grant and to receive input from the grantee on the project and other projects which might evolve from it. Once grants are approved, the Ross Foundation staff may monitor grants by telephone, correspondence and/or site visits.Grants may be paid in full or in installments based upon the Acceptance Agreement set up by the Ross Foundation and grantee.Grantees will be asked to make a final report that complies with the Ross Foundation's reporting guidelines and may be asked to make interim reports if funding is disbursed in installments. Once a project is concluded, grantees are required to evaluate the project in light of its original goals, numbers of people served, outcomes and social impact. We expect grantees to be honest about failures as well as about success. Reporting requirements will be set forth in the Acceptance Agreement set up between the Ross Foundation and grantee. For additional information or questions, please contact:Mary Elizabeth Eldridge, Director of Programs P.O. Box 335, Arkadelphia, AR 71923; phone 870.246.9881; fax 870.246.9674; email meeldridge@rossfoundation.us or Amanda Fenocchi, Assistant Grants Officer; email Amanda@rossfoundation.us .

    TY 2021 LandEtcSchedule2
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Buildings 901,757 448,037 453,720 453,720
    Land 75,319 0 75,319 75,319
    Machinery & Other Equipment 265,640 258,056 7,584 7,584
    Transportation Equipment 15,800 15,800 0  


    TY 2021 LegalFeesSchedule
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General governance & counsel 750 0   750


    TY 2021 MortgagesAndNotesPayableSch
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name The Citizens Bank
    Lender's Title  
    Relationship to Insider None
    Original Amount of Loan 2,000,000
    Balance Due 850,000
    Date of Note 2021-12
    Maturity Date 2023-12
    Repayment Terms Quarterly payments of accrued unpaid interest, principal due on maturity
    Interest Rate 50.000000000000
    Security Provided by Borrower  
    Purpose of Loan Acquire timber land
    Description of Lender Consideration Line of credit
    Consideration FMV 850000


    TY 2021 OtherAssetsSchedule
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Timber land held for exempt purposes 97,245,164 104,395,872 104,395,872


    TY 2021 OtherExpensesSchedule
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank charges 8,515 0   8,515
    Computer service and programming 10,800 0   10,800
    Conservation and wildlife expenses 135,356 0   113,245
    Dues and subscriptions 4,870 0   4,870
    Insurance 91,953 0   92,235
    Office supplies 10,740 0   10,740


    TY 2021 OtherIncomeSchedule2
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Hunting license fees 81,257 81,257 81,257
    Royalties 7,101 7,101 7,101
    Game & Fish Commission lease 139,155 139,155 139,155


    TY 2021 OtherIncreasesSchedule
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    Description Amount
    Unrealized appreciation in value of timber and related land 7,782,028


    TY 2021 TaxesSchedule
    Name:
    The Ross Foundation
    EIN:
    71-6060574
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    State tax 900 0   900
    Excise tax 32,000 0   0
    Property tax 96,292 0   106,961