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
BLACKFOOT VALLEY RANCH FOUNDATION

% FRIEDMAN & HUEY

Number and street (or P.O. box number if mail is not delivered to street address)20940 S FRANKFORT SQ RD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
FRANKFORT, IL60423

A Employer identification number

36-4070274

B Telephone number (see instructions)

(708) 799-6800

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

$1,885,724J 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)	60,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	8		8
5a	Gross rents............	46,450		46,450	46,450
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
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	1,307	1,307	1,307
12	Total. Add lines 1 through 11........	107,765		47,765	47,757
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......	25,000		12,500	12,500	12,500
15	Pension plans, employee benefits.......	2,000		1,000	1,000	1,000
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	15,413	3,853	3,853	11,560
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	9,835	0	0	9,835
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,731	0	0	1,731
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	7,351			7,351
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	40,584	40,584	40,584
20	Occupancy..............	21,869		21,869	21,869
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	28,193	2,893	2,893	25,300
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	151,976		82,699	82,699	69,277
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25	151,976		82,699	82,699	69,277
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-44,211
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.............	37,654	23,170	23,170
	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 3,063,524
		Less: accumulated depreciation (attach schedule) 1,204,487	1,892,281	List of Attached Documents: // Content 1,859,037	1,859,037
	15	Other assets (describe )	List of Attached Documents: // Content 0	List of Attached Documents: // Content 3,517	List of Attached Documents: // Content 3,517
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,929,935	1,885,724	1,885,724
	17	Accounts payable and accrued expenses..........	2,000	2,000
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	List of Attached Documents: // Content 12,765	List of Attached Documents: // Content 12,765
	23	Total liabilities (add lines 17 through 22).........	14,765	14,765
		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........	1,915,170	1,870,959
	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).....	1,915,170	1,870,959
	30	Total liabilities and net assets/fund balances (see instructions).	1,929,935	1,885,724

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

1,915,170

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

-44,211

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

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

1,870,959

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 .

1,870,959

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	0
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	0
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	425
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	425
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	425
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax425	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 .............................

Yes

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

FRIEDMAN & HUEY Telephone no. right arrow

(708) 799-6800

Located at right arrow

20940 S FRANKFORT SQ RDFRANKFORTIL ZIP+4 right arrow

60423

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
JAY PROOPS	PRESIDENT&TREASURE-PART TIME 0	0	0	0
PO BOX 1070 BOCA GRAND,FL33921	PRESIDENT&TREASURE-PART TIME 0	0	0	0
M KAY PROOPS	SECRETARY&VICE-PRES.-PART TIME 0	0	0	0
PO BOX 1070 BOCA GRAND,FL33921	SECRETARY&VICE-PRES.-PART TIME 0	0	0	0
JENNIFER KEENAN	VICE-PRES. - PART TIME 0	0	0	0
721 ROGER AVENUE KENILWORTH,IL60043	VICE-PRES. - PART TIME 0	0	0	0
D GRANT PROOPS	VICE-PRES. - PART TIME 0	0	0	0
471 MERRIMAC STREET NEWBERRYPORT,MA01950	VICE-PRES. - PART TIME 0	0	0	0
MARY-AUDREY ATTEBERRY	VICE-PRES.- PART TIME 0	0	0	0
769 FOXDALE AVENUE WINNETKA,IL60093	VICE-PRES.- PART TIME 0	0	0	0
J TYLER PROOPS	VICE-PRES. - PART TIME 0	0	0	0
1105 STEPHENS AVENUE 3B MISSOULA,MT59801	VICE-PRES. - PART TIME 0	0	0	0
BRUCE HUEY	ASSISTANT SECRETARY-PART TIME 0	0	0	0
20940 S FRANKFORT SQ RD FRANKFORT,IL60423	ASSISTANT SECRETARY-PART TIME 0	0	0	0
ROBERT JACOBSON	ASSISTANT SECRETARY-PART TIME 0	0	0	0
627 LANDWEHR ROAD NORTHBROOK,IL60062	ASSISTANT SECRETARY-PART TIME 0	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










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

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	N/A	0
2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

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

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

19,046

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

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

19,046

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

19,046

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

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

286

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

18,760

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

938

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

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

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

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

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

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

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 ..........

69,277

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

7,340

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. .......

76,617

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7
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......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $
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.....
e Remaining amount distributed out of corpus
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
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 ..........
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) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

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

1997-06-13

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
	938	1,086	1,486	0	3,510
b 85% (0.85) of line 2a .........	797	923	1,263	0	2,983
c Qualifying distributions from Part XI, line 4 for each year listed .....	76,617	63,860	65,638	65,620	271,735
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 ....	76,617	63,860	65,638	65,620	271,735
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	1,885,724	1,929,935	1,958,329	1,995,787	7,769,775
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)	1,859,037	1,892,281	1,925,633	1,949,485	7,626,436
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	625	724	991	876	3,216
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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).)

JAY PROOPS AND M KAY PROOPS

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 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 e-mail address of the person to whom applications should be addressed:

FRIEDMAN HUEY ASSOCIATES LLP
20940 S FRANKFORT SQ RD
FRANKFORT,IL60423
(708) 799-6800

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

NONE

cAny submission deadlines:

NONE

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

NONE

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

Total ................................. 3a

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.)
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 ...........
4 Dividends and interest from securities ....			14	8
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 ............
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER AGRICULTURAL RECEIPTS				1,307
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,315

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

1,315

(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.)
11	MISCELLANEOUS INCOME RECEIVED INCIDENTAL TO OPERATING THE RANCH.

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:

Schedule B
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

Name of the organization

BLACKFOOT VALLEY RANCH FOUNDATION

Employer identification number

36-4070274

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025) Page 2

Name of organization BLACKFOOT VALLEY RANCH FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	JAY PROOPS POBOX 1070 BOCA GRANDE, FL33921	$ 60,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 3

Name of organization BLACKFOOT VALLEY RANCH FOUNDATION		Employer identification number 36-4070274

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 4


Name of organization BLACKFOOT VALLEY RANCH FOUNDATION			Employer identification number 36-4070274
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2024 AccountingFeesSchedule

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	9,835	0	0	9,835

- TIN:

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

TY 2024 DepreciationSchedule

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
FORD 9030 DIESEL T	1996-03-12	65,359	65,359	SL	10
FORD 4110 DIESEL T	1996-03-12	11,061	11,061	SL	10
1988 KIEFER 30' HO	1996-03-12	4,022	4,022	SL	10
89 GOOSENECK 8' X	1996-03-12	3,017	3,017	SL	10
MACDON 7000	1996-03-12	26,144	26,144	SL	10
M & W BALER 1800	1996-03-12	6,033	6,033	SL	10
NEW HOLLAND BALER	1996-03-12	10,055	10,055	SL	10
NEW HOLLAND BALE W	1996-03-12	2,011	2,011	SL	10
NEW HOLLAND INVERT	1996-03-12	3,017	3,017	SL	10
10' X 24' HAY RACK	1996-03-12	2,011	2,011	SL	10
HAY BUSTER	1996-03-12	8,044	8,044	SL	10
550A JD CRAWLER/BA	1996-03-12	30,166	30,166	SL	10
ANBO 10' SNOW PLOW	1996-03-12	3,017	3,017	SL	10
HYDRAULIC POST POU	1996-03-12	1,006	1,006	SL	10
GRAIN AUGER	1996-03-12	402	402	SL	10
GRAIN AUGER	1996-03-12	402	402	SL	10
THREE WHEEL RAKO	1996-03-12	603	603	SL	10
DITCHER	1996-03-12	603	603	SL	10
3 PT BALE MOVER	1996-03-12	503	503	SL	10
12' ROLLER	1996-03-12	1,508	1,508	SL	10
PASTURE HARROW	1996-03-12	603	603	SL	10
PASTURE HARROW	1996-03-12	603	603	SL	10
600 DU GRAINERY	1996-03-12	1,207	1,207	SL	10
18' X 20' CASE TAN	1996-03-12	3,017	3,017	SL	10
220 VOLT 5 HP AIR	1996-03-12	553	553	SL	10
230 AMP 9K LINCOLN	1996-03-12	2,212	2,212	SL	10
BRAND	1996-03-12	101	101	M5
REFRIGERATOR	1996-04-13	180	180	SL	10
6 WHEELER 6 WD W/	1996-06-30	1,600	1,600	SL	10
4 WD WITH WENCH FO	1996-06-30	1,600	1,600	SL	10
2 WD STANDARDS	1996-08-30	1,600	1,600	SL	10
SWATHER	1997-01-13	25,000	25,000	SL	10
TRACTOR	1999-05-17	30,500	30,500	SL	10
SNOW BLOWER	2000-01-19	3,550	3,550	SL	10
FORK LIFT HEAD	2000-03-16	1,395	1,395	SL	10
FIRE TRAILER AND T	2000-08-07	2,527	2,527	SL	10
WHEATHEART POST PO	2001-10-07	4,400	4,400	SL	10
6 X 6 HARROW SECTI	2001-11-08	2,117	2,117	SL	10
HAY SPEARS	2002-08-16	418	418	SL	7
GRADER BLADE	2003-04-24	3,264	3,264	M5	10
RANGER 6X6 SPRAY T	2004-10-02	9,609	9,609	SL	10
TRACTOR	2019-04-10	15,033	7,516	SL	10	1,503
SNOW PLOW	2022-01-10	7,366	2,946	SL	5	1,473
2022 TETON 20' TIL	2022-08-04	8,550	3,420	SL	5	1,710
1974 FORD 2 TON PI	1996-03-12	3,821	3,821	SL	5
80 GAL. PORTABLE F	1996-03-12	201	201	SL	5
89 FORD F-250 4 WD	1996-04-13	4,000	4,000	SL	5
89 FORD F-250 4 WD	2003-09-04	4,532	4,532	SL	5
FIRETRUCK	2005-06-13	3,625	3,625	SL	5
2008 CHEVY TRUCK	2008-07-06	29,962	29,962	SL	5
6 WHEELER	2012-06-23	1,004	1,004	SL	5
NEW TIRES	2012-11-12	1,092	1,092	SL	5
2015 CHEVROLET SIL	2015-09-30	15,988	15,988	SL	5
GMC TRUCK	2021-05-28	81,386	48,831	SL	5	16,277
3 CYLINDER IZUZU D	1996-03-12	5,028	5,028	SL	5
18HP PROTABLE PUMP	1996-03-12	3,519	3,519	SL	5
50 GALLON FUEL TAN	1996-03-12	126	126	SL	5
50 GALLON FUEL TAN	1996-03-12	126	126	SL	5
2" TRASH PUMP - 16	1996-03-12	302	302	SL	6
SMALL 2 CYCLE PUMP	1996-03-12	66	66	SL	5
SPRING DEVELOPMENT	2004-09-15	11,553	11,553	SL	15
PUMP FOR STOCK WAT	2005-07-19	1,044	1,044	SL	5
STOCK TANK	2006-05-08	4,166	4,166	SL	7
STOCK WATER SYSTEM	2006-05-12	4,285	4,285	SL	7
WELL PUMP & TANK	2006-11-16	2,699	2,699	SL	7
BUSHES PUMP	2011-10-04	1,152	1,152	SL	7
RANCH HOUSE	1996-03-12	92,325	64,262	SL	40	2,308
QUONSET	1996-03-12	1,614	1,614	SL	10
FLOORING	1996-03-12	1,366	1,366	SL	10
TELEPHONE SYSTEM	1996-03-12	14,053	14,053	SL	5
WATER SYSTEM	1996-03-12	5,729	3,985	SL	40	143
POWER CABLE	1996-03-12	20,808	14,443	SL	40	520
SHOP IN QOUNSET	1996-03-12	1,526	1,526	SL	10
REMODELING	1996-03-12	65,289	45,429	SL	40	1,632
EQUIPMENT SHED	1996-03-12	4,965	4,965	SL	10
CALVING SHED	1996-03-12	25,660	25,660	SL	10
HAY BARN	1996-03-12	2,569	2,569	SL	10
HAY SHED	1996-03-12	905	905	SL	10
WALL	1996-03-12	6,728	4,680	SL	40	168
PROPANE TANK	1996-03-12	2,204	1,533	SL	40	55
HEY SHELTER	1996-03-12	1,053	1,053	SL	10
HAY SHED	1996-03-12	7,470	7,470	SL	10
HAY SHED	1996-03-12	4,904	4,904	SL	10
HAY SHED	1996-03-12	31,570	31,570	SL	10
BARN - IN SERVICE	1997-09-27	20,709	20,709	SL	10
MUCHMORE RESTORATI	1997-12-31	114,558	74,463	SL	40	2,864
FURNACE	1998-09-17	1,853	1,853	SL	10
PAYMENT ON NEW SHO	1999-09-29	15,010		L	40
AIR CONDITIONER	2004-07-16	280	280	SL	7
RANCH HOUSE	2006-10-31	65,800	39,634	SL	28	2,309
HORSE SHELTER	2009-09-27	6,042	6,042	SL	10
ROOF & WINDOWS	2011-11-13	10,541	10,541	SL	10
BARN CONSTRUCTION/	2012-09-17	25,548	7,659	SL	40	639
ROOF & WINDOWS	2013-08-06	2,016	2,016	SL	10
ROOF & WINDOWS	2013-08-23	2,235	2,235	SL	10
ROAD	1996-03-12	189,851	189,851	SL	15
LAND IMPROVEMENTS	1996-03-12	11,916	11,916	SL	15
DITCHES	1996-03-12	1,426	1,426	SL	15
FENCE	1996-03-12	25,806	25,806	SL	10
BRIDGE	1998-01-01	6,500	6,500	SL	15
WARREN CREEK - WAT	2001-01-18	2,800	2,800	SL	15
WARREN CREEK - 2 P	2001-08-28	665	665	SL	15
FENCE	2003-10-09	3,953	3,953	SL	15
FENCE	2004-11-01	3,301	3,301	SL	15
FENCE	2005-07-31	2,510	2,510	SL	15
FENCE	2006-08-16	6,209	6,209	M3
CATTLE GATE	2007-07-16	349	349	SL	15
GEO-FABRIC FOR WAT	2008-10-24	888	888	SL	15
FENCE	2009-07-30	5,186	5,013	SL	15	173
FENCE	2010-10-15	1,416	1,274	SL	15	94
ROAD	2010-08-20	31,103	27,993	SL	15	2,074
ROAD	2011-11-13	2,272	1,969	SL	15	151
FENCE	2011-09-27	2,581	2,237	SL	15	172
FENCE	2012-07-09	3,132	2,506	SL	15	209
FENCE	2013-11-15	6,783	4,974	SL	15	452
FENCE-EXPENSED PER	2014-11-05	2,000	1,466	SL	15	133
ELECTRONIC FENCE	2020-06-23	19,814	5,284	SL	15	1,321
ELECTRONIC FENCE	2021-07-19	40,543	8,109	SL	15	2,703
LAND	1996-12-03	1,624,836		L
STOCK WATER SYSTEM	2005-08-24	2,473	2,473	SL	7
NEW WELL AND PUMP	2005-10-13	6,256	6,256	SL	15
INSULATED FIBREGLA	2005-12-26	4,620	4,620	SL	7
FENCE	2023-10-25	6,000	67	SL	15	400
TRANSMISSION	2024-03-22	7,340		SL	5	1,101

- TIN:

TY 2024 LandEtcSchedule2

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
FORD 9030 DIESEL T	65,359	65,359
FORD 4110 DIESEL T	11,061	11,061
1988 KIEFER 30' HO	4,022	4,022
89 GOOSENECK 8' X	3,017	3,017
MACDON 7000	26,144	26,144
M & W BALER 1800	6,033	6,033
NEW HOLLAND BALER	10,055	10,055
NEW HOLLAND BALE W	2,011	2,011
NEW HOLLAND INVERT	3,017	3,017
10' X 24' HAY RACK	2,011	2,011
HAY BUSTER	8,044	8,044
550A JD CRAWLER/BA	30,166	30,166
ANBO 10' SNOW PLOW	3,017	3,017
HYDRAULIC POST POU	1,006	1,006
GRAIN AUGER	402	402
GRAIN AUGER	402	402
THREE WHEEL RAKO	603	603
DITCHER	603	603
3 PT BALE MOVER	503	503
12' ROLLER	1,508	1,508
PASTURE HARROW	603	603
PASTURE HARROW	603	603
600 DU GRAINERY	1,207	1,207
18' X 20' CASE TAN	3,017	3,017
220 VOLT 5 HP AIR	553	553
230 AMP 9K LINCOLN	2,212	2,212
BRAND	101	101
REFRIGERATOR	180	180
6 WHEELER 6 WD W/	1,600	1,600
4 WD WITH WENCH FO	1,600	1,600
2 WD STANDARDS	1,600	1,600
SWATHER	25,000	25,000
TRACTOR	30,500	30,500
SNOW BLOWER	3,550	3,550
FORK LIFT HEAD	1,395	1,395
FIRE TRAILER AND T	2,527	2,527
WHEATHEART POST PO	4,400	4,400
6 X 6 HARROW SECTI	2,117	2,117
HAY SPEARS	418	418
GRADER BLADE	3,264	3,264
RANGER 6X6 SPRAY T	9,609	9,609
TRACTOR	15,033	9,019	6,014
SNOW PLOW	7,366	4,419	2,947
2022 TETON 20' TIL	8,550	5,130	3,420
1974 FORD 2 TON PI	3,821	3,821
80 GAL. PORTABLE F	201	201
89 FORD F-250 4 WD	4,000	4,000
89 FORD F-250 4 WD	4,532	4,532
FIRETRUCK	3,625	3,625
2008 CHEVY TRUCK	29,962	29,962
6 WHEELER	1,004	1,004
NEW TIRES	1,092	1,092
2015 CHEVROLET SIL	15,988	15,988
GMC TRUCK	81,386	65,108	16,278
3 CYLINDER IZUZU D	5,028	5,028
18HP PROTABLE PUMP	3,519	3,519
50 GALLON FUEL TAN	126	126
50 GALLON FUEL TAN	126	126
2" TRASH PUMP - 16	302	302
SMALL 2 CYCLE PUMP	66	66
SPRING DEVELOPMENT	11,553	11,553
PUMP FOR STOCK WAT	1,044	1,044
STOCK TANK	4,166	4,166
STOCK WATER SYSTEM	4,285	4,285
WELL PUMP & TANK	2,699	2,699
BUSHES PUMP	1,152	1,152
RANCH HOUSE	92,325	66,570	25,755
QUONSET	1,614	1,614
FLOORING	1,366	1,366
TELEPHONE SYSTEM	14,053	14,053
WATER SYSTEM	5,729	4,128	1,601
POWER CABLE	20,808	14,963	5,845
SHOP IN QOUNSET	1,526	1,526
REMODELING	65,289	47,061	18,228
EQUIPMENT SHED	4,965	4,965
CALVING SHED	25,660	25,660
HAY BARN	2,569	2,569
HAY SHED	905	905
WALL	6,728	4,848	1,880
PROPANE TANK	2,204	1,588	616
HEY SHELTER	1,053	1,053
HAY SHED	7,470	7,470
HAY SHED	4,904	4,904
HAY SHED	31,570	31,570
BARN - IN SERVICE	20,709	20,709
MUCHMORE RESTORATI	114,558	77,327	37,231
FURNACE	1,853	1,853
PAYMENT ON NEW SHO	15,010		15,010
AIR CONDITIONER	280	280
RANCH HOUSE	65,800	41,943	23,857
HORSE SHELTER	6,042	6,042
ROOF & WINDOWS	10,541	10,541
BARN CONSTRUCTION/	25,548	8,298	17,250
ROOF & WINDOWS	2,016	2,016
ROOF & WINDOWS	2,235	2,235
ROAD	189,851	189,851
LAND IMPROVEMENTS	11,916	11,916
DITCHES	1,426	1,426
FENCE	25,806	25,806
BRIDGE	6,500	6,500
WARREN CREEK - WAT	2,800	2,800
WARREN CREEK - 2 P	665	665
FENCE	3,953	3,953
FENCE	3,301	3,301
FENCE	2,510	2,510
FENCE	6,209	6,209
CATTLE GATE	349	349
GEO-FABRIC FOR WAT	888	888
FENCE	5,186	5,186
FENCE	1,416	1,368	48
ROAD	31,103	30,067	1,036
ROAD	2,272	2,120	152
FENCE	2,581	2,409	172
FENCE	3,132	2,715	417
FENCE	6,783	5,426	1,357
FENCE-EXPENSED PER	2,000	1,599	401
ELECTRONIC FENCE	19,814	6,605	13,209
ELECTRONIC FENCE	40,543	10,812	29,731
LAND	1,624,836		1,624,836
STOCK WATER SYSTEM	2,473	2,473
NEW WELL AND PUMP	6,256	6,256
INSULATED FIBREGLA	4,620	4,620
FENCE	6,000	467	5,533
TRANSMISSION	7,340	1,101	6,239

- TIN:

TY 2024 LegalFeesSchedule

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	15,413	3,853	3,853	11,560

- TIN:

TY 2024 OtherAssetsSchedule

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
PAYROLL TAX REFUND RECEIVABLE	0	3,517	3,517

- TIN:

TY 2024 OtherExpensesSchedule

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
WORKMANS COMPENSATION	1,961	490	490	1,471
PAYROLL FEES	2,019	505	505	1,514
FUEL	2,175	544	544	1,631
REPAIRS/MAINTENANCE	11,051			11,051
MISCELLANEOUS	5,818			5,818
LICENSES	150			150
OFFICE EXPENSES	84			84
HEALTH INSURANCE	2,250	1,125	1,125	1,125
BANK CHARGES	97			97
TELEPHONE	1,432			1,432
VETERINARY EXPENSE	917	229	229	688
VEHICLE EXPENSES	239			239

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER AGRICULTURAL RECEIPTS	1,307	1,307	1,307

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Description	Beginning of Year - Book Value	End of Year - Book Value
OTHER LIABILITIES	2,000	2,000
DUE TO JAY PROOPS	10,765	10,765

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES	1,731	0	0	1,731

- TIN:

TY 2024 TaxesSchedule

Name:

BLACKFOOT VALLEY RANCH FOUNDATION

EIN:

36-4070274

Category	Amount	Disbursements for Charitable Purposes
REAL ESTATE TAX	5,423	5,423
PAYROLL TAXES	1,913	1,913
STATE TAX	15	15