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    <Timestamp>2012-04-23T13:10:51-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
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      <Name>
        <BusinessNameLine1>Southmont Foundation Inc</BusinessNameLine1>
      </Name>
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      <Phone>9737638397</Phone>
      <USAddress>
        <AddressLine1>170 Montrose Avenue</AddressLine1>
        <City>South Orange</City>
        <State>NJ</State>
        <ZIPCode>07079</ZIPCode>
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    </Filer>
    <Officer>
      <Name>John F Coverdale</Name>
      <Title>Pres./Director</Title>
      <DateSigned>2012-04-18</DateSigned>
    </Officer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <WebSite>www.southmont.net</WebSite>
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      <FundraisingGrossIncome>0</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <GrossSalesOfInventory>1329</GrossSalesOfInventory>
      <CostOfGoodsSold>1356</CostOfGoodsSold>
      <GroProfitLossSalesOfInventory>-27</GroProfitLossSalesOfInventory>
      <OtherRevenueTotal>9090</OtherRevenueTotal>
      <TotalRevenue>76069</TotalRevenue>
      <PrintingPublicationsPostage>868</PrintingPublicationsPostage>
      <OtherExpensesTotal>99806</OtherExpensesTotal>
      <TotalExpenses>100674</TotalExpenses>
      <ExcessOrDeficitForYear>-24605</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>367631</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>343026</NetAssetsOrFundBalancesEOY>
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        <BOY>367631</BOY>
        <EOY>343026</EOY>
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      <PrimaryExemptPurpose>Provide educational character development programs.</PrimaryExemptPurpose>
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        <DescriptionProgramServiceAccom>Provide facilities, staff and financial support for the educational character development programs of the foundation conducted on and off premises including conferences, retreats, and evenings of recollection.</DescriptionProgramServiceAccom>
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      <TotalProgramServiceExpenses>101769</TotalProgramServiceExpenses>
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        <PersonName>Kevin Ward</PersonName>
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          <State>NJ</State>
          <ZIPCode>07452</ZIPCode>
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        <PersonName>Mark Swartzberg</PersonName>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>David F O'Brien</PersonName>
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          <AddressLine1>14 Archung Road</AddressLine1>
          <City>Wayne</City>
          <State>NJ</State>
          <ZIPCode>07470</ZIPCode>
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        <Title>Treas./Director</Title>
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        <PersonName>Timothy Hogan</PersonName>
        <AddressUS>
          <AddressLine1>139 E 34th Street</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10016</ZIPCode>
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        <Title>Director</Title>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Terence J Gallagher</PersonName>
        <AddressUS>
          <AddressLine1>65 Madison Avenue</AddressLine1>
          <City>Morristown</City>
          <State>NJ</State>
          <ZIPCode>07960</ZIPCode>
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        <Title>Director</Title>
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        <PersonName>Donald Rasmussen</PersonName>
        <AddressUS>
          <AddressLine1>51 Encampment Drive</AddressLine1>
          <City>Bedminster</City>
          <State>NJ</State>
          <ZIPCode>07921</ZIPCode>
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        <PersonName>Ernesto F Dolores</PersonName>
        <AddressUS>
          <AddressLine1>79 Taggart Way</AddressLine1>
          <City>Saddle Brook</City>
          <State>NJ</State>
          <ZIPCode>07663</ZIPCode>
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        <Title>Director</Title>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>James M O'Kane</PersonName>
        <AddressUS>
          <AddressLine1>60 Glenwild Road</AddressLine1>
          <City>Madison</City>
          <State>NJ</State>
          <ZIPCode>07940</ZIPCode>
        </AddressUS>
        <Title>Secretary/Direc</Title>
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        <Compensation>0</Compensation>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>John F Coverdale</PersonName>
        <AddressUS>
          <AddressLine1>330 Riverside Drive</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10025</ZIPCode>
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        <Title>Pres./Director</Title>
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      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
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      <StatesWhereCopyOfReturnIsFiled>NJ</StatesWhereCopyOfReturnIsFiled>
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        <NamePerson>John Coverdale</NamePerson>
        <AddressUS>
          <AddressLine1>170 Montrose Avenue</AddressLine1>
          <City>South Orange</City>
          <State>NJ</State>
          <ZIPCode>07079</ZIPCode>
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      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
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      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
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      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <RelatedOrgSection527Org>false</RelatedOrgSection527Org>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
      <FiledScheduleA>true</FiledScheduleA>
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        <CurrentTaxYearMinus3Years>82875</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>83616</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>91117</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>68374</CurrentTaxYear>
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      <AmtsRecdFromDisqualPersons>
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        <CurrentTaxYearMinus3Years>93224</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>93498</CurrentTaxYearMinus2Years>
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        <CurrentTaxYear>77464</CurrentTaxYear>
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        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
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        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
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        <ReturnReference>Other Expenses.12</ReturnReference>
        <Explanation>Miscellaneous $448</Explanation>
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      </GeneralExplanation>
      <GeneralExplanation>
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        <ReturnReference>Other Expenses.9</ReturnReference>
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      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.8</Identifier>
        <ReturnReference>Other Expenses.8</ReturnReference>
        <Explanation>Oratory Supplies $1543</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.7</Identifier>
        <ReturnReference>Other Expenses.7</ReturnReference>
        <Explanation>Retreat expenses $2300</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.6</Identifier>
        <ReturnReference>Other Expenses.6</ReturnReference>
        <Explanation>Housekeeping $3478</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.5</Identifier>
        <ReturnReference>Other Expenses.5</ReturnReference>
        <Explanation>Property Taxes $8239</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.4</Identifier>
        <ReturnReference>Other Expenses.4</ReturnReference>
        <Explanation>Food $9901</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.3</Identifier>
        <ReturnReference>Other Expenses.3</ReturnReference>
        <Explanation>Utilities $13594</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.2</Identifier>
        <ReturnReference>Other Expenses.2</ReturnReference>
        <Explanation>House repairs $15951</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1</Identifier>
        <ReturnReference>Other Expenses.1</ReturnReference>
        <Explanation>Landscaping and exterior maint $16860</Explanation>
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      <GeneralExplanation>
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      <GeneralExplanation>
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        <ReturnReference>Other Expenses.1002</ReturnReference>
        <Explanation>Office Expenses $210</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 8.1</Identifier>
        <ReturnReference>Other Revenue.1</ReturnReference>
        <Explanation>Rental Income $9090</Explanation>
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