efile Public Visual Render
ObjectId: 202103079349100900 - Submission: 2021-11-03
TIN: 63-1198327
Form
990-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.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
20
Open to Public Inspection
For calendar year 2020, or tax year beginning
01-01-2020
, and ending
12-31-2020
Name of foundation
THE RATLIFF CHARITABLE FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
1900 CRESTWOOD BOULEVARD NO 300
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM
,
AL
35210
A Employer identification number
63-1198327
B
Telephone number (see instructions)
(205) 951-4479
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
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 .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
16,477,222
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
7,637
7,637
4
Dividends and interest from securities
...
148,409
124,675
5a
Gross rents
............
89,148
89,148
b
Net rental income or (loss)
-383,080
6a
Net gain or (loss) from sale of assets not on line 10
1,520,770
b
Gross sales price for all assets on line 6a
7,004,644
7
Capital gain net income (from Part IV, line 2)
...
1,520,770
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)
.......
-444,627
27,784
12
Total.
Add lines 1 through 11
........
1,321,337
1,770,014
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
9,400
4,700
4,700
c
Other professional fees (attach schedule)
....
251,372
251,372
0
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
2,145
2,145
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
509,356
490,792
18,564
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
772,273
749,009
23,264
25
Contributions, gifts, grants paid
.......
1,103,350
1,103,350
26
Total expenses and disbursements.
Add lines 24 and 25
1,875,623
749,009
1,126,614
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-554,286
b
Net investment income
(if negative, enter -0-)
1,021,005
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2020)
Page 2
Form 990-PF (2020)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
498,647
504,206
504,206
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)
.......
7,082,623
8,728,629
11,336,266
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)
..........
5,433,497
3,753,596
4,636,750
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
13,014,767
12,986,431
16,477,222
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
480,956
1,006,906
23
Total liabilities
(add lines 17 through 22)
.........
480,956
1,006,906
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
........
0
0
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
12,533,811
11,979,525
29
Total net assets or fund balances
(see instructions)
.....
12,533,811
11,979,525
30
Total liabilities and net assets/fund balances
(see instructions)
.
13,014,767
12,986,431
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
12,533,811
2
Enter amount from Part I, line 27a
.....................
2
-554,286
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
11,979,525
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
11,979,525
Form
990-PF
(2020)
Page 3
Form 990-PF (2020)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
WF FIDELITY FUNDS PRIME RESERVES
2020-08-13
b
WF FIDELITY FUNDS PRIME RESERVES
2020-08-13
c
RAYMOND JAMES
2020-12-31
d
RAYMOND JAMES
2020-12-31
e
TD ISHARES TRUST MBS ETF
2020-09-11
2020-12-31
TD PIMCO INVESTMENTS SHORT TERM
2020-12-31
TD PROSHARES TRUST S&P 500 DV ARIST ETF
2020-05-14
TD PROSHARES TRUST S&P 500 DV ARIST ETF
2020-05-14
VVP FACEBOOK INC
2019-11-12
2020-01-24
VVP ALPHABET INC
2019-08-07
2020-01-24
VVP IBSTOCK PLC
2018-06-20
2020-01-27
VVP MASTERCARD INC
2019-10-30
2020-01-24
VVP NVIDIACORP
2019-06-06
2020-01-16
VVP VISA INC
2014-07-11
2020-01-24
VVP NVIDIACORP
2019-06-05
2020-02-26
VVP AIRBUS SE
2020-03-31
VVP AMAZON INC
2019-02-20
2020-03-11
VVP ANTHEM INC
2019-11-14
2020-03-10
VVP COHERENT INC
2018-10-16
2020-03-17
VVP MASTERCARD INC
2014-07-11
2020-03-11
VVP MARRIOTT INTNL INC
2019-12-17
2020-03-19
VVP MICROSOFT CORP
2019-11-26
2020-03-13
VVP MNATIONAL OILWELL VARCO INC
2015-08-12
2020-03-27
VVP NVIDIACORP
2019-06-04
2020-03-10
VVP SLEEP NUMBER CORP
2019-11-13
2020-03-26
VVP VISA INC
2014-07-11
2020-03-17
VVP AIRBUS SE
2020-04-09
VVP AMAZON INC
2020-04-07
2020-04-21
VVP HILTON WORLDWIDE HOLDINGS
2019-12-02
2020-04-14
VVP NATIONAL OILWELL VARCO INC
2017-08-11
2020-04-08
VVP SWISS RE AG
2015-06-10
2020-04-21
VVP WHITEBREAD PLC
2020-02-14
2020-04-20
VVP VCVS HEALTH CORP
2019-03-14
2020-06-30
VVP WHITEBREAD PLC
2020-01-28
2020-06-24
VVP AMAZON INC
2020-04-06
2020-07-29
VVP CVS HEALTH CORP
2020-03-25
2020-07-01
VVP FACEBOOK INC
2019-11-12
2020-07-28
VVP ALPHABET INC
2019-08-07
2020-07-28
VVP SKYWORKS SOLUTIONS INC
2018-02-06
2020-07-07
VVP NVIDIACORP
2019-06-04
2020-08-24
VVP CREDIT ACCEPTANCE CORP
2020-03-10
2020-10-29
VVP ALPHABET INC
2020-03-24
2020-10-30
VVP QORVO INC
2018-11-14
2020-10-28
VVP SKYWORKS SOLUTIONS INC
2016-09-06
2020-10-28
VVP CREDIT ACCEPTANCE CORP
2020-03-13
2020-11-13
VVP ALPHABET INC
2020-03-24
2020-11-04
VVP HILTON WORLDWIDE HOLDINGS
2018-10-25
2020-11-16
VVP JONES LANG LASALLE INC
2019-05-13
2020-11-25
VVP LBSTOCK PLC
2018-07-06
2020-12-29
VVP QORVO INC
2018-11-14
2020-12-23
VVP WHITEBREAD PLC
2020-01-28
2020-12-22
BASIS ON TERMINATION OF INVESTMENT K1S
P
2020-12-31
FROM PASSTHROUGH INVESTMENT K-1'S
P
2020-12-31
CAPITAL GAINS DIVIDENDS
P
(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
352
352
0
b
27,597
27,583
14
c
1,143,510
1,298,120
-154,610
d
110,978
112,386
-1,408
e
305,149
305,554
-405
770,073
774,899
-4,826
128,076
141,310
-13,234
237,856
265,645
-27,789
28,353
25,480
2,873
23,463
18,585
4,878
31,168
31,089
79
25,834
22,038
3,796
72,108
41,928
30,180
15,139
3,990
11,149
20,916
11,022
9,894
117,003
221,466
-104,463
34,515
30,875
3,640
46,561
46,366
195
172,784
203,215
-30,431
18,211
6,765
11,446
98,623
196,892
-98,269
20,331
21,441
-1,110
26,917
68,069
-41,152
82,328
45,037
37,291
65,523
87,071
-21,548
14,099
4,853
9,246
79,780
83,179
-3,399
35,244
30,376
4,868
73,305
94,060
-20,755
56,070
136,754
-80,684
86,660
109,218
-22,558
62,791
114,555
-51,764
92,715
77,826
14,889
5,580
5,580
39,457
25,835
13,622
65
53
12
50,302
41,761
8,541
89,355
70,225
19,130
40,633
31,260
9,373
44,285
12,187
32,098
61,757
79,505
-17,748
13,058
8,892
4,166
148,570
77,881
70,689
137,288
77,250
60,038
100,773
111,850
-11,077
5,269
3,334
1,935
17,910
11,107
6,803
9,534
9,442
92
50,822
60,605
-9,783
17,848
6,706
11,142
34,556
49,921
-15,365
148,061
-148,061
1,900,309
1,900,309
113,241
113,241
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
0
b
14
c
-154,610
d
-1,408
e
-405
-4,826
-13,234
-27,789
2,873
4,878
79
3,796
30,180
11,149
9,894
-104,463
3,640
195
-30,431
11,446
-98,269
-1,110
-41,152
37,291
-21,548
9,246
-3,399
4,868
-20,755
-80,684
-22,558
-51,764
14,889
5,580
13,622
12
8,541
19,130
9,373
32,098
-17,748
4,166
70,689
60,038
-11,077
1,935
6,803
92
-9,783
11,142
-15,365
-148,061
1,900,309
113,241
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
1,520,770
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
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1
Reserved
(a)
Reserved
(b)
Reserved
(c)
Reserved
(d)
Reserved
2
Reserved
...........................
2
3
Reserved
...........................
3
4
Reserved
...........................
4
5
Reserved
...........................
5
6
Reserved
...........................
6
7
Reserved
...........................
7
8
Reserved
,..........................
8
Form
990-PF
(2020)
Page 4
Form 990-PF (2020)
Page
4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Reserved
................................
1
14,192
c
All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
14,192
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
14,192
6
Credits/Payments:
a
2020 estimated tax payments and 2019 overpayment credited to 2020
6a
10,456
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
10,456
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
3,736
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 2021 estimated tax
Refunded
11
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
No
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
AL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
If "Yes," complete Part XIV
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2020)
Page 5
Form 990-PF (2020)
Page
5
Part VII-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
N/A
14
The books are in care of
CARL LESSMAN
Telephone no.
(205) 951-4479
Located at
1900 CRESTWOOD BOULEVARD SUITE 300
BIRMINGHAM
AL
ZIP+4
35210
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over
Yes
No
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
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
...............
Yes
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
.......
Yes
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
........
1b
Organizations relying on a current notice regarding disaster assistance check here
........
c
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 2020?
.............
1c
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2020?
.............
Yes
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2020 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 2020.)
..................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
4b
No
Form
990-PF
(2020)
Page 6
Form 990-PF (2020)
Page
6
Part VII-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
......
5b
Organizations relying on a current notice regarding disaster assistance check here
.........
c
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?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
Yes
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.................
Yes
No
Part VIII
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
WILLIAM T RATLIFF III
PRES/TREAS/DIRECTOR
1.00
0
0
0
1900 CRESTWOOD BOULEVARD SUITE 300
BIRMINGHAM
,
AL
35210
CARL A LESSMAN
DIRECTOR
1.00
0
0
0
1900 CRESTWOOD BOULEVARD SUITE 300
BIRMINGHAM
,
AL
35210
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
...................
0
Form
990-PF
(2020)
Page 7
Form 990-PF (2020)
Page
7
Part VIII
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
.............
0
Part IX-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 IX-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
.........................
0
Form
990-PF
(2020)
Page 8
Form 990-PF (2020)
Page
8
Part X
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
9,843,415
b
Average of monthly cash balances
.......................
1b
395,436
c
Fair market value of all other assets (see instructions)
................
1c
4,683,372
d
Total
(add lines 1a, b, and c)
.........................
1d
14,922,223
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
14,922,223
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
223,833
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
14,698,390
6
Minimum investment return.
Enter 5% of line 5
..................
6
734,920
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
734,920
2a
Tax on investment income for 2020 from Part VI, line 5
......
2a
14,192
b
Income tax for 2020. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
14,192
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
720,728
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
720,728
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
720,728
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
1,126,614
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
1,126,614
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
1,126,614
Note:
The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.
Form
990-PF
(2020)
Page 9
Form 990-PF (2020)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2019
(c)
2019
(d)
2020
1
Distributable amount for 2020 from Part XI, line 7
720,728
2
Undistributed income, if any, as of the end of 2020:
a
Enter amount for 2019 only
.......
671,561
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2020:
a
From 2015
......
b
From 2016
......
c
From 2017
......
d
From 2018
......
e
From 2019
......
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2020 from Part
XII, line 4:
$
1,126,614
a
Applied to 2019, but not more than line 2a
671,561
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2020 distributable amount
.....
455,053
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2020.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
0
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2020. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2021
..........
265,675
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2015 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2021.
Subtract lines 7 and 8 from line 6a
......
0
10
Analysis of line 9:
a
Excess from 2016
....
b
Excess from 2017
....
c
Excess from 2018
....
d
Excess from 2019
....
e
Excess from 2020
....
Form
990-PF
(2020)
Page 10
Form 990-PF (2020)
Page
10
Part XIV
Private Operating Foundations
(see instructions and Part VII-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 2020, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part X for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2020
(b)
2019
(c)
2018
(d)
2017
b
85% of line 2a
.........
c
Qualifying distributions from Part XII,
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 X, 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 XV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
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
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2020)
Page 11
Form 990-PF (2020)
Page
11
Part XV
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)
a
Paid during the year
ADELANTE ALABAMA WORKER CENTER
2104 CHAPEL HILL ROAD
BIRMINGHAM
,
AL
35216
NONE
PUBLIC CHARITY
GENERAL SUPPORT
30,000
ALABAMA COALITION FOR IMMIGRANT JUSTICE
1826 6TH AVENUE SOUTH
IRONDALE
,
AL
35210
NONE
PUBLIC CHARITY
GENERAL SUPPORT
25,000
ALAQUEST COLLABORATIVE FOR EDUCATION
PO BOX 550241
BIRMINGHAM
,
AL
35255
NONE
PUBLIC CHARITY
GENERAL SUPPORT
25,000
AMERICANS FOR IMMIGRANT JUSTICE
6355 NW 36TH STREET STE 2201
MIAMI
,
FL
33166
NONE
PUBLIC CHARITY
GENERAL SUPPORT
20,000
BIRMINGHAM EDUCATION FOUNDATION
901 9TH AVENUE N
BIRMINGHAM
,
AL
35204
NONE
PUBLIC CHARITY
GENERAL SUPPORT
70,000
CAHABA RIVER SOCIETY
2717 7TH AVENUE SOUTH STE 205
BIRMINGHAM
,
AL
35233
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
COMMUNITY FOUNDATION OF GREATER BIRMINGHAM
2100 FIRST AVENUE N STE 700
BIRMINGHAM
,
AL
35203
NONE
PUBLIC CHARITY
GENERAL SUPPORT
27,500
CORNERSTONE SCHOOLS OF ALABAMA
118 55TH STREET NORTH
BIRMINGHAM
,
AL
35212
NONE
PUBLIC CHARITY
GENERAL SUPPORT
25,000
DURHAM PROUD PROGRAM INC
118 E MAIN STREET
DURHAM
,
NC
27701
NONE
PUBLIC CHARITY
GENERAL SUPPORT
20,000
ECUMENICAL MINISTRIES INC
102 W SPRUCE AVE
FAIRHOPE
,
AL
36533
NONE
PUBLIC CHARITY
GENERAL SUPPORT
25,000
EKVNV YEFOLECKVLKE
PO BOX 148
WEOGUFKA
,
AL
35183
NONE
PUBLIC CHARITY
GENERAL SUPPORT
55,000
EL FUTURO INC
2020 CHAPEL HILL ROAD STE 23
DURHAM
,
NC
27707
NONE
PUBLIC CHARITY
GENERAL SUPPORT
25,000
EL PUEBLO INC
2321 CRABTREE BOULEVARD STE 105
RALEIGH
,
NC
27604
NONE
PUBLIC CHARITY
GENERAL SUPPORT
12,500
FEDERATION OF SOUTHERN COOPERATIVES LAND ASSISTANCE FUND
2769 CHURCH STREET
EAST POINT
,
GA
30344
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
FIRST LIGHT INC
2230 FOURTH AVENUE NORTH
BIRMINGHAM
,
AL
35203
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
FRESHWATER LAND TRUST
2308 1ST AVENUE NORTH
BIRMINGHAM
,
AL
35203
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
GIDEONS ARMY GRASSROOTS ARMY FOR CHILDREN
600 28TH AVENUE NORTH
NASHVILLE
,
TN
37208
NONE
PUBLIC CHARITY
GENERAL SUPPORT
37,500
GOOD SHEPHERD COMMUNITY CENTER
629 CHERRY STREET
VICKSBURG
,
MS
39183
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
GRASSROOTS INTERNATIONAL INC
179BOYLSTON STREET 4TH FLOOR
JAMAICA PLAIN
,
MA
02130
NONE
PUBLIC CHARITY
GENERAL SUPPORT
25,000
GREATER BIRMINGHAM MINISTIRES
2304 12TH AVENUE N
BIRMINGHAM
,
AL
35234
NONE
PUBLIC CHARITY
GENERAL SUPPORT
25,000
HIGHER PURPOSE INC
130 DESOTO AVENUE STE 10
CLARKSDALE
,
MS
38614
NONE
PUBLIC CHARITY
GENERAL SUPPORT
50,000
HIGHLANDER RESEARCH & EDUCATION CENTER
1959 HIGHLANDER WAY
NEW MARKET
,
TN
37820
NONE
PUBLIC CHARITY
GENERAL SUPPORT
77,500
HISPANIC INTEREST COALITION OF ALABAMA
117 SOUTH CREST DRIVE
BIRMINGHAM
,
AL
35209
NONE
PUBLIC CHARITY
GENERAL SUPPORT
15,000
INDIANAPOLIS MONUMENTAL MARATHON
202 E MARKET STREET
INDIANAPOLIS
,
IN
46204
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
MAGIC MOMENTS INC
2112 11TH AVENUE SOUTH STE 219
BIRMINGHAM
,
AL
35205
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
MARTHA'S TABLE
2375 ELVANS ROAD SE
WASHINGTON
,
DC
20020
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
METRO WEST MINISTRIES
6101 DR MARTIN LUTHER KING JR DRIVE
FAIRFIELD
,
AL
35064
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
MITCHELL'S PLACE
4778 OVERTON ROAD
BIRMINGHAM
,
AL
35210
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
OASIS COUNSELING CENTER FOR WOMEN & CHILDREN
1900 14TH AVENUE SOUTH
BIRMINGHAM
,
AL
35205
NONE
PUBLIC CHARITY
GENERAL SUPPORT
30,000
RESTOREHER US AMERICA FOR ALABAMA JUSTICE INITIATIVE
PO BOX 14
RED OAK
,
GA
30272
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
REVERSE THE CYCLE OF INCARCERATION
PO BOX 90338
EAST POINT
,
GA
30364
NONE
PUBLIC CHARITY
GENERAL SUPPORT
25,000
SOUTHERN ENVIRONMENTAL LAW CENTER
2829 2ND AVENUE SOUTH STE 282
BIRMINGHAM
,
AL
35233
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
SPRING VALLEY SCHOOL FOUNDATION
2701 SYDNEY DRIVE
BIRMINGHAM
,
AL
35211
NONE
PUBLIC CHARITY
GENERAL SUPPORT
45,100
THE CENTER FOR VIOLENCE PREVENTION
PO BOX 6279
PEARL
,
MS
39288
NONE
PUBLIC CHARITY
GENERAL SUPPORT
30,000
UNITED METHODIST CHILDRENS HOME
3140 ZELDA ROAD
MONTGOMERY
,
AL
36106
NONE
PUBLIC CHARITY
GENERAL SUPPORT
30,000
UNITED WAY OF WEST CENTRAL MISSISSIPPI
920 SOUTH STREET
VICKSBURG
,
MS
39180
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
WIREGRASS HABITAT FOR HUMANITY
2086 MONTGOMERY HWY
DOTHAN
,
AL
36303
NONE
PUBLIC CHARITY
GENERAL SUPPORT
12,500
YMCA JUNIUS WARD JOHNSON MEMORIAL
267 YMCA PLACE
VICKSBURG
,
MS
39180
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
YOUTH SERVE INC
2717 7TH AVENUE SOUTH 105
BIRMINGHAM
,
AL
35233
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
YOUTH TOWERS INC
601 19TH STREET NORTH
BIRMINGHAM
,
AL
35203
NONE
PUBLIC CHARITY
GENERAL SUPPORT
20,000
YWCA OF CENTRAL ALABAMA
309 23RD ST N
BIRMINGHAM
,
AL
35244
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
PACK HEALTH LLC
110 12TH ST N
BIRMINGHAM
,
AL
35203
NONE
PUBLIC CHARITY
GENERAL SUPPORT
33,000
ALABAMA CHILHOOD FOOD SOLUTIONS
114 CANYON RIDGE ROAD
SYLACAUGA
,
AL
35151
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
ARTS BUSINESS COLLABORATIVE INC
31-00 47TH AVE STE 3100
LONG ISLAND CITY
,
NY
11101
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
BUCKEYE ENVIRONMENTAL NETWORK
PO BOX 824
ATHENS
,
OH
45701
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
DYNAMITE HILL SMITHFIELD COMMUNITY LAND FUND
10 11TH CT N
BIRMINGHAM
,
AL
35204
NONE
PUBLIC CHARITY
GENERAL SUPPORT
15,000
HEARTS OF WHEELS
616 RED LANE ROAD
BIRMINGHAM
,
AL
35215
NONE
PUBLIC CHARITY
GENERAL SUPPORT
15,000
HONOR THE EARTH
PO BOX 63 607 MAIN AVE
CALLAWAY
,
MN
56521
NONE
PUBLIC CHARITY
GENERAL SUPPORT
2,500
LC & LILLIE COX HAVEN OF HOPE
696 SAM RAMON VALLEY BLVD
DANVILLE
,
CA
94526
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
MAGIC CITY ACCEPTANCE CENTER
3130 3RD AVE S
BIRMINGHAM
,
AL
35233
NONE
PUBLIC CHARITY
GENERAL SUPPORT
250
MCWANE SCIENCE CENTER
200 19TH ST NORTH
BIRMINGHAM
,
AL
35203
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
PROJECT SOUTH ELIMINATION OF POVERTY
9 GAMMON AVENUE SE
ATLANTA
,
GA
30315
NONE
PUBLIC CHARITY
GENERAL SUPPORT
10,000
SOUTHSIDE BAPTIST CHURCH
1016 19TH ST S
BIRMINGHAM
,
AL
35205
NONE
PUBLIC CHARITY
GENERAL SUPPORT
15,000
ST LUKES EPICOPAL CHURCH
3736 MONTROSE ROAD
MOUNTAIN BROOK
,
AL
35213
NONE
PUBLIC CHARITY
GENERAL SUPPORT
15,000
THE TENDER FOUNDATION
448 RALPH DAVID ABERNATHY BLVD
ATLANTA
,
GA
30312
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
THE FOUNDRY MINISTRIES
1804 6TH AVE N
BESSEMER
,
AL
35020
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
TRANSGENDER ADVOCATES KNOWLEDGE EMPOWERING
1032 15TH ST NW
WASHINGTON
,
DC
20005
NONE
PUBLIC CHARITY
GENERAL SUPPORT
50,000
UNITED SAINTS RECOVERY PROJECT
2309 DRYADES ST
NEW ORLEAMS
,
LA
70113
NONE
PUBLIC CHARITY
GENERAL SUPPORT
5,000
Total
.................................
3a
1,103,350
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2020)
Page 12
Form 990-PF (2020)
Page
12
Part XVI-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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
7,637
4
Dividends and interest from securities
....
14
148,409
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
16
-383,080
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
14
27,784
8
Gain or (loss) from sales of assets other than
inventory
............
18
1,520,770
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
FORTRESS SPECIAL OPPORTUNITIES ASP FUND
11,218
b
FORAGER FUND LP
-1,387
c
FOUR MILE COVE HOLDING LLC
-481,025
d
GRAHAM COMMERCIAL PROPERTIES LLC
-1,217
e
12
Subtotal. Add columns (b), (d), and (e)
..
-472,411
1,321,520
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
849,109
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-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 XVI-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2020)
Page 13
Form 990-PF (2020)
Page
13
Part XVII
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
2021-10-29
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
JEFF W MAZE CPA MA
Preparer's Signature
Date
2021-10-29
Check if self-
employed
PTIN
P00105015
Firm's name
SOVEREIGN CPA GROUP LLC
Firm's EIN
27-2170003
Firm's address
TWO CHASE CORPORATE DRIVE STE 40
HOOVER
,
AL
35244
Phone no.
(205) 271-8505
Form
990-PF
(2020)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description