TY 2024 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.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
JR HENDLEY FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)21 GREENBRIAR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
STATESBORO, GA30458

A Employer identification number

46-4422548

B Telephone number (see instructions)

(912) 681-1166

C If exemption application is pending, check here right arrow

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............. right arrow

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

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

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 ....... right arrow

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

$8,954,693J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10	List of Attached Documents: // Content	159,474
b	Gross sales price for all assets on line 6a 250,000
7	Capital gain net income (from Part IV, line 2)...
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).......	List of Attached Documents: // Content	1,406,334
12	Total. Add lines 1 through 11........	1,565,808		0
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	5,365
c	Other professional fees (attach schedule)....
17	Interest...............	82,675
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	90,528
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	202,520
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	199,142
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	580,230		0	0
25	Contributions, gifts, grants paid.......	348,313			348,313
26	Total expenses and disbursements. Add lines 24 and 25	928,543		0	348,313
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	637,265
b	Net investment income (if negative, enter -0-)			0
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

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.............	27,809	70,875	70,875
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 6,358,394
		Less: accumulated depreciation (attach schedule) 2,025,738	4,599,818	List of Attached Documents: // Content 4,332,656	8,878,218
	15	Other assets (describe )	List of Attached Documents: // Content 5,600	List of Attached Documents: // Content 5,600	List of Attached Documents: // Content 5,600
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,633,227	4,409,131	8,954,693
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......	2,207,405	List of Attached Documents: // Content 1,218,097
	22	Other liabilities (describe )	List of Attached Documents: // Content 34,005	List of Attached Documents: // Content 161,952
	23	Total liabilities (add lines 17 through 22).........	2,241,410	1,380,049
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	2,391,817	3,029,082
	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........
	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).....	2,391,817	3,029,082
	30	Total liabilities and net assets/fund balances (see instructions).	4,633,227	4,409,131

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

2,391,817

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

637,265

Other increases not included in line 2 (itemize) right arrow

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

3,029,082

Decreases not included in line 2 (itemize) right arrow

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

3,029,082

Form 990-PF (2024)

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.)
1a
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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
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
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

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)	1	0
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
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
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7
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
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

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. right arrow

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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 2024 or the taxable year beginning in 2024? 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. ...............................

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 right arrow

N/A

The books are in care of right arrow

J RAY HENDLEY Telephone no. right arrow

(912) 681-1166

Located at right arrow

21 GREENBRIARSTATESBOROGA ZIP+4 right arrow

30458

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, 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 right arrow

Form 990-PF (2024)

Page 5

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)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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 ........ right arrow

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 2024? .............

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 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

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 2024 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 2024.) .....................

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 2024? ..

Form 990-PF (2024)

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 ......... right arrow

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	(e) Expense account, other allowances
J RAY HENDLEY	MANAGER 1.00	0	0	0
21 GREENBRIAR STATESBORO,GA30458	MANAGER 1.00	0	0	0
VIRGINIA HENDLEY RUSHING	DIRECTOR/SEC 1.00	0	0	0
21 GREENBRIAR STATESBORO,GA30458	DIRECTOR/SEC 1.00	0	0	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
NONE









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

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	REVITALIZATION HOUSING UNITS	728,254
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

728,254

Form 990-PF (2024)

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

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

96,774

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

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

96,774

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

96,774

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

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

1,452

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

95,322

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

4,766

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

4,766

Tax on investment income for 2024 from Part V, line 5 .......

Income tax for 2024. (This does not include the tax from Part V.) ...

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

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

4,766

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

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

4,766

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

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

4,766

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 ..........

348,313

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

728,254

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. .......

1,076,567

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2024
1 Distributable amount for 2024 from Part X, line 7			4,766
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......	704,383
b From 2020......	672,094
c From 2021......	802,066
d From 2022......	838,298
e From 2023......	952,690
f Total of lines 3a through e ........		3,969,531
4Qualifying distributions for 2024 from Part
XI, line 4: $ 1,076,567
a Applied to 2023, but not more than line 2a
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 2024 distributable amount.....			4,766
e Remaining amount distributed out of corpus		1,071,801
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		5,041,332
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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 ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........			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) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		704,383
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		4,336,949
10 Analysis of line 9:
a Excess from 2020....	672,094
b Excess from 2021....	802,066
c Excess from 2022....	838,298
d Excess from 2023....	952,690
e Excess from 2024....	1,071,801

Form 990-PF (2024)

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 2024, enter the date of the ruling ...... right arrow

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 IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(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).)

JR HENDLEY

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 right arrow

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2024)

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
BILLY GRAHAM EVANGELISTIC ASSOC 1 BILLY GRAHAM PARKWAY CHARLOTTE,NC28201	NONE	PC	RELIGIOUS	1,200
BOYS & GIRLS CLUB OF BULLOCH COUNTY 1 LEE HILL DRIVE STATESBORO,GA30458	NONE	PC	CHARITABLE	3,000
BUENA VISTA SPORTS ACADEMY 2220 COUNTY ROAD 210 WEST SUITE 108 BOX 303 SAINT JOHNS,FL32259	NONE	PC	RELIGIOUS - MISSION WORK	3,100
BULLOCH ACADEMY 873 WESTSIDE ROAD STATESBORO,GA30458	NONE	PC	EDUCATIONAL	5,000
BULLOCH COUNTY HISTORICAL SOCIETY 315 SAVANNAH AVE STATESBORO,GA30458	NONE	PC	CHARITABLE	295
CAMPUS OUTREACH POBOX 43737 BIRMINGHAM,AL35243	NONE	PC	RELIGIOUS MISSIONS	4,200
CITIZENS AGAINST VIOLENCE INC PO BOX 2494 STATESBORO,GA30459	NONE	PC	CHARITABLE	10,000
CRU 100 LAKE HART DRIVE ORLANDO,FL32832	NONE	PC	RELIGIOUS MISSIONS	25,780
DELIGHT IN THE LORD MINISTRIES PO BOX 183 BROOKLET,GA30415	NONE	PC	RELIGIOUS, MEDICAL & EDUCATION	34,800
FAMLIES 4 FAMLIES 3915 HARRISON ROAD SUITE 500 LOGANVILLE,GA30052	NONE	PC	RELIGIOUS - FOSTER CARE	20,000
FIRST BAPTIST CHURCH OF STATESBORO 108 NORTH MAIN STREET STATESBORO,GA30458	NONE	PC	CHARITABLE	125,108
FOSTERING BULLOCH FOSTERING FAMILIES 102 ELM ST STATESBORO,GA30458	NONE	PC	CHARITABLE	10,000
GEORGIA SOUTHERN UNIVERSITY FOUNDATION 1332 SOUTHERN DRIVE STATESBORO,GA30458	NONE	PC	CHARITABLE	5,000
HAGGAI INSTITUTE 4725 PEACHTREE CORNERS CI SUITE 200 PEACHTREE CORNERS,GA30092	NONE	PC	RELIGIOUS MISSIONS	30,000
LAWRENCE N WEISS CHARITABLE TRUST 102 S MAIN STREET STATESBORO,GA30458	NONE	PC	CHARITABLE	7,980
OGEECHEE TECHNICAL COLLEGE FOUNDATI PO BOX 764 STATESBORO,GA30459	NONE	PC	CHARITABLE	5,000
ROCKIN' OUT ALZHEIMER'S DISEASE PO BOX 2109 STATESBORO,GA30459	NONE	PC	ALZHEIMER'S AWARENESS	10,000
ROTARY PO BOX 1399 STATESBORO,GA30459	NONE	PC	CHARITABLE	13,000
SHS QUARTERBACK CLUB INC PO BOX 1360 STATESBORO,GA30459	NONE	PC	CHARITABLE	2,500
THE HEARTS AND HANDS CLINIC 127 NORTH COLLEGE STREET STATESBORO,GA30458	NONE	PC	CHARITABLE - HEALTH CARE	3,000
TURKEY TROT 150 WILLIAMS ROAD SUITE A STATESBORO,GA30458	NONE	PC	CHARITABLE	5,000
WILLIAM JAMES MIDDLE SCHOOL 18809 HIGHWAY 80 WEST STATESBORO,GA30458	NONE	PC	CHARITABLE	250
YOUNGLIFE PO BOX 5184 HARLAN,IA51593	NONE	PC	YOUTH SERVICES	21,600
YOUTH CAREER COMMISSION INC 515 DENMARK STREET SUITE 2500 STATESBORO,GA30458	NONE	PC	CHARITABLE	2,500
Total ................................. 3a				348,313

bApproved for future payment

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

Form 990-PF (2024)

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.)
aRESIDENTIAL REVITALIZATION					1,406,334
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............					159,474
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) ..					1,565,808

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

1,565,808

(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.)
1A	THIS REVENUE IS THE DIRECT RESULT OF ENGAGING TO COMBAT COMMUNITY DETERIORATION AND ABANDONMENT OF RESIDENCES AND RESIDENTIAL PROPERTY INSIDE THE CITY OF STATESBORO, GEORGIA.

Form 990-PF (2024)

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

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

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

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 (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	5,365

- TIN:

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

TY 2024 DepreciationSchedule

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
11 WEST KENNEDY - BLDG	2017-01-01	73,494	18,708	S/L	27.5000	2,672
KING DRIVE - LAND	1985-01-01	71,037
NORTHLAKE - LAND	1985-01-01	42,047
110 EAST GRADY - LAND	2013-12-20	13,655
110 EAST GRADY - HOUSE	2014-06-30	65,823	22,839	S/L	27.5000	2,393
503 MATHEWS - BUILDING	2016-06-01	51,580	14,145	S/L	27.5000	1,876
113 DONALDSON - LAND	2015-07-16	16,320
113 DONALDSON - HOUSE	2015-07-16	99,680	30,659	S/L	27.5000	3,625
15 WEST GRADY - LAND	2014-05-16	10,062
21 JEF - LAND	2012-11-19	10,000
21 JEF - HOUSE	2012-11-19	90,917	36,781	S/L	27.5000	3,306
308 S. ZETTEROWER - LAND	2014-01-31	25,000
308 S. ZETTEROWER - APPLIANCES	2014-01-31	1,783	1,783	200DB	5.0000
308 S ZETTEROWER AVE - BUILDING	2014-01-31	127,754	37,165	S/L	27.5000	4,645
308 S ZETTEROWER AVE - FLOORING	2014-01-31	5,174	5,174	200DB	5.0000
308 S ZETTEROWER AVE - PAVING	2014-01-31	12,952	8,196	150DB	15.0000	936
453 S COLLEGE - BUILDING	2016-08-31	112,750	30,238	S/L	27.5000	4,100
503 MATHEWS- LAND	2015-05-12	19,475
503 MATHEWS - WAREHOUSE	2015-05-12	30,525	6,751	S/L	39.0000	782
BULLOCH SQUARE - BULLOCH STREET - BUILDING	2016-09-09	240,000	63,636	S/L	27.5000	8,728
FOUNTAIN AT MULBERRY - LAND	2013-08-20	48,992
FOUNTAIN AT MULBERRY - BUILDING	2014-03-31	219,624	78,199	S/L	27.5000	7,987
FOUNTAIN AT MULBERRY - DUPLEXES	2014-03-31	285,042	101,492	S/L	27.5000	10,365
MAGNOLIA VILLAGE - BUILDING	2013-06-30	347,885	133,356	S/L	27.5000	12,650
MAGNOLIA VILLAGE - 15 E GRADY STREET - LAND	2013-02-01	20,000
MAGNOLIA VILLAGE - BUILDING	2013-02-01	119,944	47,432	S/L	27.5000	4,362
MAGNOLIA VILLAGE - FLOORING	2013-09-30	24,416	24,416	200DB	5.0000
MAGNOLIA VILLAGE - FLOORING	2013-06-30	12,143	12,143	200DB	5.0000
MAGNOLIA VILLAGE - APPLIANCES	2013-06-30	48,680	48,680	200DB	5.0000
THE MANOR - LAND	2015-05-12	64,300
THE MANOR - BUILDING	2015-05-12	75,733	23,753	S/L	27.5000	2,754
THE MANOR - BUILDING	2015-09-01	111,773	33,701	S/L	27.5000	4,065
THE MANOR - 445 S COLLEGE ST - BUILDING	2014-08-04	97,230	24,749	S/L	27.5000	3,536
THE OAKS - LAND	2015-09-24	30,184
THE OAKS - INMAN STREET - BUILDING	2016-09-09	440,000	116,667	S/L	27.5000	16,000
VILLLAGE AT MIDTOWN - BUILDING	2013-06-30	1,293,581	495,873	S/L	27.5000	47,039
VILLAGE AT MIDTOWN - S. COLLEGE ST - LAND	2013-06-30	74,469
VILLAGE AT MIDTOWN - FLOORING	2013-06-30	14,908	14,908	200DB	5.0000
WALNUT GROVE - LOTS 4, 5, 6 & B WEST GRADY ST	2014-03-31	70,000
LAND - 215 S WALNUT	2015-05-12	17,500
WALNUT GROVE - BUILDING	2015-09-01	665,295	200,596	S/L	27.5000	24,193
215 S WALNUT STREET - BUILDING	2016-09-09	110,000	29,167	S/L	27.5000	4,000
455 A-E S COLLEGE BLDS	2017-08-01	321,854	75,099	S/L	27.5000	11,704
455A-E S COLLEGE APPLIANCES	2017-08-01	15,000	15,000	S/L	5.0000
11 WEST KENNEDY LAND	2017-01-01	8,166
LAND - S. COLLEGE ST - HIDDEN HOLLOW	2019-08-28	31,920
BUILDINGS - S. COLLEGE ST. - HIDDEN HOLLOW	2020-10-02	514,415	60,015	S/L	27.5000	18,706
SIGN - S. COLLEGE ST. HIDDEN HOLLOW	2020-07-23	962	962	200DB	5.0000
MAILBOXES - S. COLLEGE ST. HIDDEN HOLLOW	2020-08-05	2,020	2,020	200DB	5.0000
STREET LAMP/LAMP POST HIDDEN HOLOW	2020-09-30	4,030	4,030	150DB	15.0000
455-F SOUTH COLLEGE STREET	2020-10-02	57,621	6,722	S/L	27.5000	2,096
FENCE	2021-01-14	12,000	12,000	150DB	15.0000
FLOORING	2021-06-13	2,248	2,248	200DB	5.0000
FLOORING	2021-08-24	7,471	7,471	200DB	5.0000
RENOVATIONS TO 445 S COLLEGE UNIT D	2024-12-31	13,382

- TIN:

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

TY 2024 GainLossSaleOtherAssetsSch

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
SALE OF 503 MATHEWS RD.		PURCHASE	2024-12		250,000	101,580		12,500	159,474	23,554

- TIN:

TY 2024 LandEtcSchedule2

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
LAND BUILDINGS FURNITURE & FIXTURES	5,766,604	2,025,738	3,740,866	8,878,218
LAND	591,790		591,790

- TIN:

TY 2024 MortgagesAndNotesPayableSch

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Total Mortgage Amount:

Item No.	1
Lender's Name	VARIOUS
Lender's Title
Relationship to Insider
Original Amount of Loan
Balance Due	1,218,097
Date of Note
Maturity Date
Repayment Terms
Interest Rate
Security Provided by Borrower
Purpose of Loan
Description of Lender Consideration
Consideration FMV

- TIN:

TY 2024 OtherAssetsSchedule

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
DUE TO/FROM HENDLY MANAGEMENT	5,600	5,600	5,600

- TIN:

TY 2024 OtherExpensesSchedule

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
BANK SERVICE CHARGES	150
CREDIT CARD PROCESSING	409
INSURANCE	26,594
JANITORIAL	9,950
LAWNCARE	40,319
LOAN FEES	792
MANAGEMENT FEES	33,000
REPAIRS AND MAINTENANCE	71,842
UTILITIES	15,891
DUES	195

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
RESIDENTIAL REVITALIZATION	1,406,334

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Description	Beginning of Year - Book Value	End of Year - Book Value
DUE TO/FROM CUF ACCOUNT	750	750
DUE TO/FROM RAY HENDLEY		2,450
UNEARNED REVENUE	33,255	52,414
DEFERRED INSURANCE PROCEEDS		106,338

- TIN:

TY 2024 TaxesSchedule

Name:

JR HENDLEY FOUNDATION INC

EIN:

46-4422548

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX - PROPERTY	90,528