TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 06-01-2021 , and ending 05-31-2022

Name of foundation
PEARL M & JULIA J HARMON FOUNDATION

% George Hangs

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 52568
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
TULSA, OK741520568

A Employer identification number

73-6095893

B Telephone number (see instructions)

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$64,577,919J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)		(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)		0
2	Check .............
3	Interest on savings and temporary cash investments		16,050		16,050	0
4	Dividends and interest from securities...		233,315		233,315	0
5a	Gross rents............		0		0	0
b	Net rental income or (loss) 0
6a	Net gain or (loss) from sale of assets not on line 10			23,314
b	Gross sales price for all assets on line 6a 28,677
7	Capital gain net income (from Part IV, line 2)...				23,281
8	Net short-term capital gain.........					33
9	Income modifications...........					1,867,024
10a	Gross sales less returns and allowances	0
b	Less: Cost of goods sold....	0
c	Gross profit or (loss) (attach schedule).....			0		0
11	Other income (attach schedule).......			1,729,576	1,513,191	216,385
12	Total. Add lines 1 through 11........		2,002,255		1,785,837	2,083,442
13	Compensation of officers, directors, trustees, etc.		229,426		157,958	34,744	36,724
14	Other employee salaries and wages......		50,792		1,519	608	48,666
15	Pension plans, employee benefits.......		105,380		54,819	11,825	38,737
16a	Legal fees (attach schedule).........			9,421	0	9,421	0
b	Accounting fees (attach schedule).......			0	0	0	0
c	Other professional fees (attach schedule)....			0	0	0	0
17	Interest...............		0		0	0	0
18	Taxes (attach schedule) (see instructions)...			52,174	38,688	89	794
19	Depreciation (attach schedule) and depletion...			5,065	2,690	543
20	Occupancy..............		12,266		6,440	1,380	4,446
21	Travel, conferences, and meetings.......		0		0	0	0
22	Printing and publications..........		0		0	0	0
23	Other expenses (attach schedule).......			72,578	8,040	1,800	62,738
24	Total operating and administrative expenses.
	Add lines 13 through 23..........		537,102		270,154	60,410	192,105
25	Contributions, gifts, grants paid.......		9,500				9,500
26	Total expenses and disbursements. Add lines 24 and 25		546,602		270,154	60,410	201,605
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements		1,455,653
b	Net investment income (if negative, enter -0-)				1,515,683
c	Adjusted net income (if negative, enter -0-)...					2,023,032

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	51,387	45,827	45,827
	2	Savings and temporary cash investments.........	22,191,600	24,035,472	24,035,472
	3	Accounts receivable 5
		Less: allowance for doubtful accounts 0	0	5	5
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	0	0
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts	0	0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	91,089	56,385	75,158
	b	Investments—corporate stock (attach schedule).......	3,646,559	3,628,208	9,935,662
	c	Investments—corporate bonds (attach schedule).......		0
	11	Investments—land, buildings, and equipment: basis 0
		Less: accumulated depreciation (attach schedule) 0	0	0	3,640,206
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		0
	14	Land, buildings, and equipment: basis 367,523
		Less: accumulated depreciation (attach schedule) 284,219	88,367	83,304	367,523
	15	Other assets (describe )	26,814,833	26,478,066	26,478,066
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	52,883,835	54,327,267	64,577,919
	17	Accounts payable and accrued expenses..........	0	278
	18	Grants payable.................	0	0
	19	Deferred revenue.................	0	0
	20	Loans from officers, directors, trustees, and other disqualified persons	0	0
	21	Mortgages and other notes payable (attach schedule)......		0
	22	Other liabilities (describe )	0	0
	23	Total liabilities (add lines 17 through 22).........	0	278
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	10,255,647	10,255,647
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	42,628,188	44,071,342
	29	Total net assets or fund balances (see instructions).....	52,883,835	54,326,989
	30	Total liabilities and net assets/fund balances (see instructions).	52,883,835	54,327,267

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

52,883,835

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

1,455,653

Other increases not included in line 2 (itemize) bullet

5,344

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

54,344,832

Decreases not included in line 2 (itemize) bullet

17,843

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

54,326,989

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	Public Traded Securities
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	28,677	0	5,396	23,281
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			23,281
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	23,281
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	33

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	21,068
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	21,068
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	40,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	40,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	18,932
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax0	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

www.harmonfnd.org

The books are in care of bullet

George L Hangs Telephone no. bullet

(918) 743-6191

Located at bullet

PO BOX 52568TULSAOK ZIP+4 bullet

741520568

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

Yes

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part 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
George L Hangs	Exec Dir & TTY 40.00	88,910	17,122
PO Box 52568 Tulsa,OK74152	Exec Dir & TTY 40.00	88,910	17,122
C K Owens	Off Mgr & TTY 40.00	67,349	16,305
PO Box 386 Nowata,OK74048	Off Mgr & TTY 40.00	67,349	16,305
Julia Hangs	Legal & TTY 40.00	66,567	28,228
PO Box 52568 Tulsa,OK74152	Legal & TTY 40.00	66,567	28,228
G E Holmes	TTY 0.20	3,300	0
PO Box 52568 Tulsa,OK74152	TTY 0.20	3,300	0
Cathey Frederick	TTY 0.20	3,300	0
PO Box 52568 Tulsa,OK74152	TTY 0.20	3,300	0

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










Total number of other employees paid over $50,000...................

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

Total number of others receiving over $50,000 for professional services............. bullet

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	CONSTRUCTION AND MAINTENANCE - Provide construction assistance and maintenance services to the Nowata City-County Library Tulsa City-County Library Grand Lake Mental Health Center Nowata City Schools	89,678
2	Harmon Community Center Library in Nowata Facilities	15,106
3	Tulsa Library Literacy Outreach and Volunteer Center Facilities	12,016
4	Nowata City Schools Harmon Pool Facilities	12,014

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	Riverfield Country Day School Tulsa OK Construction Gymnasium and Center for Creativity	1,500,000
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

1,500,000

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

10,563,438

Average of monthly cash balances.......................

23,742,840

Fair market value of all other assets (see instructions)................

4,007,729

Total (add lines 1a, b, and c).........................

38,314,007

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

38,314,007

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

574,710

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

37,739,297

Minimum investment return. Enter 5% (0.05) of line 5................

1,886,965

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.)

Minimum investment return from Part IX, line 6..................

1,886,965

Tax on investment income for 2021 from Part V, line 5.......

21,068

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

21,068

Distributable amount before adjustments. Subtract line 2c from line 1............

1,865,897

Recoveries of amounts treated as qualifying distributions................

1,867,024

Add lines 3 and 4............................

3,732,921

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

3,732,921

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

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				3,732,921
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			194,042
b Total for prior years:20, 20, 20
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: $ 1,736,524
a Applied to 2020, but not more than line 2a			194,042
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....				1,542,482
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2021.	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......
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 ..........				2,190,439
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2016 not applied on line 5 or line 7 (see instructions) ...
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)

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 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

George Hangs
PO Box 52568
Tulsa,OK741520568
(918) 743-6191

bThe form in which applications should be submitted and information and materials they should include:

Apply for PRI Loans not Grants. Grants are Trustee initiated.

cAny submission deadlines:

NONE

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

ONLY charities. No bus or indiv. OK KS AR TX. Pref to NE OK.

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Bartlesville Symphony Orchestra PO Box 263 Bartlesville,OK74005	No Relationship	POF	Support Orchestra	500
Living Word Church PO Box 762 Nowata,OK74048	No Relationship	PC	Suypport Food Bank	2,500
City of Nowata 114 S Maple Nowata,OK74048	No Relationship	GOV	Support 4th of July Fireworks	3,000
AIM HIGH CENTER 121 S ASH Nowata,OK74048	No Relationship	PC	Support Food Pantry	2,500
Software in the Public Interest Inc 1732 1st Ave 20327 New York,NY101285771	No Relationship	PC	Support free availailability of LibreOffice software	1,000
Total ................................. 3a				9,500

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....		0		0	0
3 Interest on savings and temporary cash investments ...........		0	14	16,050	0
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......		0		0	0
bNot debt-financed property.....		0		0	0
6 Net rental income or (loss) from personal property		0		0	0
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............		0	18	23,314	0
9 Net income or (loss) from special events:		0		0	0
10 Gross profit or (loss) from sales of inventory		0		0	0
11 Other revenue: aMin Int Royalty		0	15	1,513,191	0
b		0		0	0
c		0		0	0
d		0		0	0
e		0		0	0
12 Subtotal. Add columns (b), (d), and (e) ..		0		1,785,870	216,385

13Total. Add line 12, columns (b), (d), and (e)..................

2,002,255

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
1(a)	PRIs for charity construction reno below mkt int discourages arbitrage.

Form 990-PF (2021)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

Yes

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
1c	111,352	P M & J J Harmon Fnd Inc	Employees mng'd 501c2 property

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? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship
P M & J J Harmon Fnd Inc	501(c)(2)	Holds min int of Foundation
CC Harmon Memorial Park Inc	501(c)(2)	Holds char assets for Fndn

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:	21013404
Software Version:	V1.0
Part VI Line 7 - Tax Paid with the Original Return:	0

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2021 DepreciationSchedule

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

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
2B-19900531-00	1990-05-31	258,643	254,537	SL @ 3.1746%	3.200000	4,105	1,916	411
2B-19900601-00	1990-06-01	3,800	3,800	SL @ 3.1746%	3.200000	0	0	0
2B-19901201-00	1990-12-01	3,408	3,352	SL @ 3.1746%	3.200000	55	26	6
2B-20060214-00	2006-02-14	5,273	2,102	SL@ 2.554%	2.600000	135	111	24
2B-20110314-00	2011-03-14	1,725	437	SL 40yr 4Q #1	40.000000	43	36	8
2B-20120715-00	2012-07-15	4,176	927	SL 40yr 4Q #1	40.000000	104	86	18
2B-20131011-00	2014-05-31	2,798	550	SL 39 YR	39.000000	72	59	13
2B-20160928-00	2016-09-28	483	58	SL 39 YR	39.000000	12	10	2
2B-20170607-00	2017-06-07	2,930	297	SL 39 YR	39.000000	75	62	13
2B-20191204-00	2015-12-03	1,782	67	SL 39 YR	39.000000	46	38	8
2B-20200204-00	2020-02-04	2,233	84	SL 39 YR	39.000000	57	47	10
3EQ-20101105-00	2010-11-05	1,074	1,074	SL 12.5%	13.000000	0	0	0
3EQ-20080402-00	2008-04-02	369	369	SL 20%	20.000000	0	0	0
3EQ-20110329-01	2011-03-29	1,505	1,505	SL 5yr 4Q 2.5%	5.000000	0	0	0
3EQ-20130320-00	2013-03-20	1,779	1,779	SL 5 YR @20%	5.000000	0	0	0
3EQ-20131011-01	2013-10-11	515	515	SL 5 YR	5.000000	0	0	0
3EQ-20131011-02	2013-10-11	515	515	SL 5 YR	5.000000	0	0	0
3EQ-20131223-00	2013-12-23	1,139	1,139	SL 5 YR	5.000000	0	0	0
3EQ-20150605-05	2015-06-05	1,481	1,481	SL 5 YR	5.000000	0	0	0
3EQ-20150605-06	2015-06-05	1,481	1,481	SL 5 YR	5.000000	0	0	0
3EQ-20150605-01	2015-06-05	542	542	SL 5 YR	5.000000	0	0	0
3EQ-20150605-02	2015-06-05	542	542	SL 5 YR	5.000000	0	0	0
3EQ-20150605-04	2015-06-05	542	542	SL 5 YR	5.000000	0	0	0
3EQ-20150605-03	2015-06-05	542	542	SL 5 YR	5.000000	0	0	0
3EQ-20180307-00	2018-03-07	509	356	SL 5 YR	5.000000	102	71	15
3EQ-20180320-01	2018-03-20	509	356	SL 5 YR	5.000000	102	71	15
BPT Depletion 12/31/21		0	0		0.000000	157	157	0

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Name of Stock	End of Year Book Value	End of Year Fair Market Value
A T & T INC	28,851	13,945
ADVANCED MICRO DEVIC	4,007	50,930
APACHE CORP	66,505	47,010
AVALONBAY CMNTYS INC REIT	19,452	214,407
B P PRUDHOE BAY ROY. TR.	460	19,890
BOEING CO	17,140	65,700
BP PLC F	84,487	69,337
BRANDYWINE REALTY TR REIT	33,254	22,300
CHARLES SCHWAB CORP	19,734	52,575
CHEVRON CORP	181,498	523,980
CITIGROUP INC	24,626	2,671
COMCAST CORP CL A	25,775	42,863
CONDUENT INC	8,798	2,120
CONOCOPHILLIPS	65,785	112,360
COUSINS PROPERTIES	46,370	28,158
D X C TECHNOLOGY CO	8,604	4,931
DAIMLER TRUCK HOLDING	9,600	7,750
EPR PROPERTIES REIT	468	51,240
EXXON MOBIL CORP	161,780	288,000
FEDERAL REALTY INVT TR REIT	45,366	344,910
FIRST INDUSTRIAL RLT	58,971	159,450
FORD MOTOR CO	89,763	47,830
GOLDMAN SACHS GROUP	21,868	65,370
HEWLETT PACKARD ENTERPRI	23,271	25,459
HIGHWOODS PPTY REIT	27,923	78,580
HLTHCARE REALTY TR REIT	22,291	72,675
HP INC.	35,474	63,387
INTEL CORP	22,145	22,210
INVESCO QQQ TRUST	55,780	308,280
ISHARES 1-3 YR T BOND ETF	80,832	83,350
ISHARES 20 plus YR T BOND ETF	94,030	116,560
ISHARES 7-10 YR TBOND ETF	259,833	309,960
ISHARES CORE S&P 500 ETF	291,621	829,740
ISHARES IBOXX INV GR BOND ETF	218,136	228,880
ISHARES MSCI JAPAN ETF	27,973	28,800
ISHARES S&P 500 GROWTH ETF	89,886	263,600
ISHARES US TECHNOLOGY ETF	125,947	353,240
ISHARES US TELECOM ETF	61,942	27,330
J B G SMITH PROPERTIES REIT	3,433	13,344
J P MORGAN CHASE & CO	76,963	349,087
KIMCO REALTY CORP REIT	9,913	5,960
LIFE STORAGE INC	35,916	437,850
MERCEDES-BENZ GROUP AG	37,808	35,600
MICRO FOCUS INTERNTNL F	6,557	870
MICROSOFT CORP	30,504	271,870
MID AMERICA APARTMENT CO REIT	79,419	794,228
NATL RETAIL PPTY REIT	20,973	132,900
NOKIA CORP F	7,970	1,002
OCCIDENTAL PETROL CO	76,786	69,310
OCCIDENTAL PETROL WTS EXP 08 03 27	619	5,919
ORACLE CORP	39,186	71,920
ORION OFFICE REIT	1,550	2,666
PROLOGIS INC. REIT	49,082	172,098
PUBLIC STORAGE REIT	53,363	601,765
R M R GROUP INC CL. A	393	991
REALTY INCM CORP REIT	3,257	136,440
REGENCY CENTERS CORP REIT	24,581	178,710
RETAIL VALUE INC	0	347
RLJ LODGING TRUST REIT	91,543	24,308
RPT RLTY	11,547	24,340
SAP SE F	15,265	49,920
SERVICE PPTYS TR REIT	28,113	12,660
SIMON PPTY GROUP REIT	116,314	368,370
SITE CTRS CORP	47,159	43,859
SOUTHWEST AIRLINES	11,635	34,395
SPDR DJIA ETF	45,515	165,100
SPDR S&P MIDCAP 400 ETF	40,515	229,615
THE MACERICH CO REIT	8,066	33,311
TRAVELCENTERS AMER INC	6,468	1,562
TRAVELERS COMPANIES	1,637	5,013
UDR INC. REIT	12,324	154,968
UNITED PARCEL SRVC CL. B	28,270	91,125
URBAN EDGE PPTYS	12,196	9,745
VERIS RESIDENTIAL INC REIT	53,893	40,225
VISTEON CORP	0	224
VOLVO A B ORDF CL. B	30,263	87,613
VORNADO REALTY TRUST REIT	15,767	36,149
WARNER BROTHERS DISCOVER	8,828	2,915
WASHINGTON PRIME GROUP N REIT	0	0
WELLTOWER INC REIT	2,274	178,180
XEROX HOLDINGS CORP	22,091	9,410
Adjust for Rounding to Whole Numbers	6	0

- TIN:

TY 2021 InvestmentsGovtObligationsSch

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

US Government Securities - End of Year Book Value:

91,089

US Government Securities - End of Year Fair Market Value:

75,158

State & Local Government Securities - End of Year Book Value:

56,385

State & Local Government Securities - End of Year Fair Market Value:

75,158

- TIN:

TY 2021 InvestmentsLandSchedule2

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Oil & Gas Min Int Fully Depleted	0	0	0	3,640,206

- TIN:

TY 2021 LandEtcSchedule2

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Land	66,869	0	66,869	66,869
Buildings	21,040	270,916	16,334	287,250
Equipment	458	13,303	101	13,404

- TIN:

TY 2021 LegalFeesSchedule

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GableGotwals	9,421	0	9,421	0

- TIN:

TY 2021 OtherAssetsSchedule

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Char Use Equipment - Desktop Pub	16,729	12,068	12,068
Char Use Facilities - Desktop Pub	16,672	16,672	16,672
Char Use Equipment - Workshop	42,139	77,058	77,058
Char Use Facilities - Workshop	100,660	100,660	100,660
Char Use Facilities - Grand Lake Mental Health Center HQ	235,438	235,438	235,438
Char Use Facilities - Nowata Library Community Center	1,109,276	1,109,276	1,109,276
Char Use Facilities - Tulsa City County Library Outreach Center	836,636	836,636	836,636
Program Related Investments Receivable	24,457,283	24,090,258	24,090,258

- TIN:

TY 2021 OtherDecreasesSchedule

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Description	Amount
Retire LBE Assets	153
Retire Charity Assets	4,661
Broker Non-cash Adjustments	13,028
Rounding	1

- TIN:

TY 2021 OtherExpensesSchedule

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Bank Charges	150	79	17	54
Furn Fixt $2500	4,816	2,528	542	1,746
GLMHC HQ Maintenance	550	0	0	550
Insure Charitable Assets Programs	21,618	0	0	21,618
Insure Non-Char-Use Assets Programs	2,681	2,214	467	0
Miscellaneous Office & General Expenses	1,712	899	193	620
Nowata Library Grounds	18,789	0	0	18,789
Nowata Library Maintenance	1,941	0	0	1,941
PRI Operating Expense	84	0	84	0
Purchase to Donate	621	0	0	621
Repairs	1,618	849	182	587
Shop Building Repair	301	0	0	301
Shop Supply Repair	925	0	0	925
Shop Truck	3,057	0	0	3,057
Shop Utilities	3,794	0	0	3,794
Supplies Subscriptions Postage	2,802	1,471	315	1,016
Tulsa Library Utilities and Repair	7,119	0	0	7,119

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Miscellaneous rebates refunds interest	707	707	0
Program Loan Interest	216,385	0	216,385
Oil and Gas Royalties & Rents	1,512,484	1,512,484	0

- TIN:

TY 2021 OtherIncreasesSchedule

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Description	Amount
Realty Income spin-off Orion ONL 200 sh	4,344
Return of deductible shop truck	1,000

- TIN:

TY 2021 TaxesSchedule

Name:

PEARL M & JULIA J HARMON FOUNDATION

EIN:

73-6095893

Software ID:

21013404

Software Version:

V1.0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax on Foreign Dividends	2,897	2,897	0	0
Federal Excise Tax Net Prior Period Refunds	12,603	0	0	0
State Taxes on Mineral Interests	35,138	35,138	0	0
State Taxes Fees - Real Estate Bus Per Prop	1,239	496	55	688
State Unemployment Taxes	297	157	34	106