THE FRANK AND MARGARET RACE FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: THE FRANK AND MARGARET RACE FOUNDATION INC (EIN 42-0925360)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-21
IRS object ID: 201231429349100108
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-21T14:30:48-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	410746749	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CLIFTONLARSONALLEN LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1715 1ST AVENUE SE	AddressLine1
City	CEDAR RAPIDS	City
State	IA	State
ZIP Code	52402	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	420925360	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE FRANK AND MARGARET RACE FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	FRAN	NameControl
Phone	3193667300	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	230 2ND STREET SE NO 200	AddressLine1
City	CEDAR RAPIDS	City
State	IA	State
ZIP Code	52401	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JOSEPH R RUSSO	Name
Title	PRESIDENT	Title
Phone	3193667300	Phone
Date Signed	2012-05-18	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	PETER L JACOBS CPA	Name
PTIN	P00163331	PTIN
Phone	3193632697	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	1330766	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Dividends Rev And Expnss	25595	DividendsRevAndExpnss
Dividends Net Invst Incm	22908	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	1978	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	456976	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	1978	CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss	-5101	OtherIncomeRevAndExpnss
Other Income Net Invst Incm	-5101	OtherIncomeNetInvstIncm
Total Revenue And Expenses	22472	TotalRevenueAndExpenses
Total Net Investment Income	19785	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	0	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	0	CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps	0	CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss	7110	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	7110	AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps	0	AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss	225	TaxesRevAndExpnss
Taxes Net Invst Incm	225	TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps	0	TaxesDsbrsChrtblPrps
Trav Conf Meeting Rev And Expnss	3306	TravConfMeetingRevAndExpnss
Trav Conf Meeting Net Invst Incm	3306	TravConfMeetingNetInvstIncm
Trav Conf Meeting Dsbrs Chrtbl Prps	0	TravConfMeetingDsbrsChrtblPrps
Other Expenses Rev And Expnss	10477	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	10477	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	0	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	21118	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	21118	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	53250	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	53250	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	74368	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	21118	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	53250	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-51896	ExcessOfRevenueOverExpenses
Net Investment Income	0	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	1534	CashBOY
Cash EOY	487	CashEOY
Cash EOYFMV	487	CashEOYFMV
Savings And Temp Cash Invst BOY	206110	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	64273	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	64273	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	538581	InvestmentsCorpStockBOY
Investments Corp Stock EOY	590737	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	590737	InvestmentsCorpStockEOYFMV
Investments Other BOY	629295	InvestmentsOtherBOY
Investments Other EOY	675269	InvestmentsOtherEOY
Investments Other EOYFMV	675269	InvestmentsOtherEOYFMV
Total Assets BOY	1375520	TotalAssetsBOY
Total Assets EOY	1330766	TotalAssetsEOY
Total Assets EOYFMV	1330766	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	1375520	UnrestrictedBOY
Unrestricted EOY	1330766	UnrestrictedEOY
Total Net Assets BOY	1375520	TotalNetAssetsBOY
Total Net Assets EOY	1330766	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	1375520	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	1330766	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	1375520	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-51896	ExcessOfRevenueOverExpenses
Other Increases	7142	OtherIncreases
Subtotal	1330766	Subtotal
Other Decreases	0	OtherDecreases
Total Net Assets Fund Balances EOY	1330766	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (66 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
100 SH ITT CORP	P	2011-01-03	2011-01-13	6033	5277	756	756
850 SH INTEL CORP	P	2010-02-17	2011-01-13	18105	17550	555	555
150 SH INTEL CORP	P	2010-08-11	2011-01-13	3195	2928	267	267
100 SH ISHARES INC MSCI BRAZIL	P	2010-09-24	2011-01-25	7489	7461	28	28
103 SH ISHARES INC MSCI BRAZIL	P	2010-09-24	2011-01-25	7714	7685	29	29
97 SH ISHARES INC MSCI BRAZIL	P	2010-09-24	2011-01-25	7264	7237	27	27
400 SH MACYS INC	P	2010-11-24	2011-01-28	9218	10303	-1085	-1085
400 SH ISHARES INC MSCI AUSTRALIA INDEX FD	P	2011-01-05	2011-03-15	9573	9848	-275	-275
20 SH APPLE INC	P	2010-05-18	2011-03-16	6721	5016	1705	1705
10 SH APPLE INC	P	2010-12-13	2011-03-16	3360	3242	118	118
400 SH AMERICAN TOWER CORP	P	2010-05-12	2011-03-21	18761	16614	2147	2147
300 SH JOHNSON & JOHNSON	P	2011-01-03	2011-03-25	17676	18905	-1229	-1229
100 SH UNITED STS OIL FD	P	2010-05-19	2011-03-30	4200	3877	323	323
100 SH BAIDU COM	P	2010-08-06	2011-04-12	14038	8654	5384	5384
300 SH ALCOA INC	P	2010-05-27	2011-04-13	5058	3524	1534	1534
500 SH ALCOA INC	P	2011-01-03	2011-04-13	8430	8023	407	407
500 SH GERDAU SA SPN	P	2010-09-24	2011-05-25	5260	6890	-1630	-1630
500 SH YINGLI GREEN HLDG	P	2010-11-23	2011-05-25	4405	5220	-815	-815
500 SH YINGLI GREEN HLDG	P	2011-01-03	2011-05-25	4405	5014	-609	-609
200 SH AKAMAI TECHNOLOGIES	P	2011-04-19	2011-06-15	5813	7881	-2068	-2068
200 SH AKAMAI TECHNOLOGIES	P	2011-04-28	2011-06-15	5813	6990	-1177	-1177
1000 SH BANCO BILBAO	P	2011-02-16	2011-06-15	10471	12450	-1979	-1979
500 SH ADVANCED ENERGY INDS	P	2010-12-17	2011-07-05	6915	7000	-85	-85
200 SH ISHARES TR BARCLAYS	P	2011-05-03	2011-07-07	16858	16813	45	45
250 SH BANK OF NOVA SCOTIA	P	2011-04-13	2011-08-03	13531	15101	-1570	-1570
300 SH FIRST NIAGARA FINL GROUP	P	2010-08-25	2011-08-03	3544	3513	31	31
300 SH FIRST NIAGARA FINL GROUP	P	2011-01-03	2011-08-03	3544	4248	-704	-704
100 SH YARA INTL ASA SPON	P	2011-05-02	2011-08-09	4423	5924	-1501	-1501
100 SH DEERE & CO	P	2011-05-16	2011-08-10	6911	8728	-1817	-1817
400 SH EMC CORP	P	2011-04-25	2011-08-10	8696	11303	-2607	-2607
200 SH JP MORGAN CHASE	P	2010-09-03	2011-08-10	6902	7778	-876	-876
100 SH WESTPAC BANKING CORP	P	2010-11-22	2011-08-10	10033	10685	-652	-652
100 SH WALTER ENERGY INC	P	2011-07-19	2011-08-19	7592	12065	-4473	-4473
200 SH SOLAZYME INC	P	2011-07-06	2011-09-07	2412	5170	-2758	-2758
100 SH FEDEX CORP	P	2010-12-16	2011-09-22	6988	9188	-2200	-2200
25 SH APPLE INC	P	2010-12-13	2011-10-19	10190	8104	2086	2086
200 SH TRW AUTOMOTIVE HLDGS	P	2011-02-24	2011-11-02	7480	10983	-3503	-3503
200 SH TRW AUTOMOTIVE HLDGS	P	2011-09-22	2011-11-02	7480	6772	708	708
100 SH ITT CORP	P	2009-08-12	2011-01-13	6033	4935	1098	1098
100 SH TEVA PHARMACEUTICAL	P	2009-10-13	2011-03-03	5073	5073	0	0
200 SH TEVA PHARMACEUTICAL	P	2010-02-03	2011-03-03	10147	10147	0	0
100 SH INTL BUSINESS MACHS	P	2008-01-28	2011-03-16	15322	10555	4767	4767
100 SH TEVA PHARMACEUTICAL	P	2011-03-25	2011-04-28	4617	5086	-469	-469
200 SH TEVA PHARMACEUTICAL	P	2011-03-25	2011-04-28	9234	11506	-2272	-2272
250 SH PERUSAHAAN PERSEROAN	P	2010-02-17	2011-05-25	8880	9404	-524	-524
100 SH METLIFE INC	P	2010-05-27	2011-06-15	3932	4124	-192	-192
600 SH PEOPLES UTD FINL INC	P	2008-06-05	2011-06-23	7740	10414	-2674	-2674
100 SH PEOPLES UTD FINL INC	P	2008-06-05	2011-06-23	1290	1736	-446	-446
100 SH TOTAL S A SPONS ADR	P	2010-06-04	2011-07-14	5503	4585	918	918
100 SH LIFE TECHNOLOGIES CORP	P	2009-07-31	2011-07-28	4613	4598	15	15
25 SH PETROCHINA CO LTD	P	2010-02-10	2011-08-08	3202	2731	471	471
100 SH DEERE & CO	P	2008-09-29	2011-08-10	6911	4856	2055	2055
100 SH DEERE & CO	P	2009-12-02	2011-08-10	6911	5393	1518	1518
300 SH EMC CORP	P	2010-07-08	2011-08-10	6522	5793	729	729
400 SH TEXTRON INC	P	2010-02-16	2011-08-10	6641	7401	-760	-760
300 SH ENERGY TRANSFER PARTNERS LP	P	2008-11-11	2011-09-19	12954	5484	7470	7470
200 SH ENERGY TRANSFER PARTNERS LP	P	2009-08-27	2011-09-19	8636	5106	3530	3530
35 SH SPDR GOLD TR	P	2010-06-30	2011-09-26	5457	4237	1220	1220
65 SH SPDR GOLD TR	P	2010-06-30	2011-12-14	9912	7870	2042	2042
R & G FINANCIAL CORP LITIGATION SETTLEMENT	P		2011-03-28	175		175	175
MONEYGRAM INTL LITIGATION SETTLEMENT	P		2011-04-14	123		123	123
TELETECH HOLDINGS LITIGATION SETTLEMENT	P		2011-04-19	14		14	14
SIRF TECHNOLOGY HOLDINGS LITIGATION SETTLEMENT	P		2011-04-27	29		29	29
CONAGRA LITIGATION SETTLEMENT	P		2011-07-07	5		5	5
IN RE FORCE PROTECTION LITIGATION SETTLEMENT	P		2011-08-24	26		26	26
CAPITAL GAINS DIVIDENDS	P			573		573	573

Field	Value	IRS element (for citing)
Capital Gain Net Income	1978	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	0	LiableFor4942Tax
Qualifying Distributions Year1	79700	QualifyingDistributionsYear1
Noncharitable Assets Year1	1390659	NoncharitableAssetsYear1
Distribution Ratio Year1	0.057311	DistributionRatioYear1
Qualifying Distributions Year2	89898	QualifyingDistributionsYear2
Noncharitable Assets Year2	1389401	NoncharitableAssetsYear2
Distribution Ratio Year2	0.064703	DistributionRatioYear2
Qualifying Distributions Year3	74425	QualifyingDistributionsYear3
Noncharitable Assets Year3	1581128	NoncharitableAssetsYear3
Distribution Ratio Year3	0.047071	DistributionRatioYear3
Qualifying Distributions Year4	116415	QualifyingDistributionsYear4
Noncharitable Assets Year4	1808183	NoncharitableAssetsYear4
Distribution Ratio Year4	0.064382	DistributionRatioYear4
Qualifying Distributions Year5	99132	QualifyingDistributionsYear5
Noncharitable Assets Year5	1770845	NoncharitableAssetsYear5
Distribution Ratio Year5	0.055980	DistributionRatioYear5
Total Distribution Ratio	0.289447	TotalDistributionRatio
Average Distribution Ratio	0.057889	AverageDistributionRatio
Net Noncharitable Assets	1377672	NetNoncharitableAssets
Adjusted Noncharitable Assets	79752	AdjustedNoncharitableAssets
One Percent Net Investment Income	0	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	79752	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	53250	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	0	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	0	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	0	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	50	EstTaxPaymentsAndOverpayment
Total Credits And Payments	50	TotalCreditsAndPayments
Overpayment	50	Overpayment
Amount Credited To Next Year	50	AmountCreditedToNextYear
Amount To Be Refunded	0	AmountToBeRefunded

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	0	LegislativePoliticalActivities
More Than100 Spent	0	MoreThan100Spent
Form1120 POL Filed	0	Form1120POLFiled
Sect4955 Tax On Organization	0	Sect4955TaxOnOrganization
Sect4955 Tax On Managers	0	Sect4955TaxOnManagers
Reimbursement Of Tax	0	ReimbursementOfTax
Activities Not Prev Reported	0	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	0	UnrelatedBusIncomeOver1000
Termination Etc	0	TerminationEtc
Requirements Of Sect508e	1	RequirementsOfSect508e
At Least5000 In Assets	1	AtLeast5000InAssets
States Filed With	IA	StatesFiledWith
Form990 PF Filed With AG	1	Form990PFFiledWithAG
Private Operating Foundation	0	PrivateOperatingFoundation
New Substantial Contributors	0	NewSubstantialContributors
Interest In Controlled Entity	0	InterestInControlledEntity
Applicable Insurance Contract	0	ApplicableInsuranceContract
Comply With Public Inspection Rqr	1	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	JOSEPH R RUSSO	BooksInCareOfPersonName
Books In Care Of Phone Number	3193667300	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	230 2ND STREET SE SUITE 200	AddressLine1
City	CEDAR RAPIDS	City
State	IA	State
ZIP Code	52401	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	0	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	0	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	0	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	0	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	0	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	0	TransferAssetsToDsqflyPerson
Payment To Government Offical	0	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	0	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	0	UncorrectedPriorActs
Undistributed Income Prior Years	0	UndistributedIncomePriorYears
Business Holdings	0	BusinessHoldings
Jeopardy Investments	0	JeopardyInvestments
Uncorrected Jeopardy Investments	0	UncorrectedJeopardyInvestments
Influence Legislation	0	InfluenceLegislation
Influence Election	0	InfluenceElection
Grants To Individuals	0	GrantsToIndividuals
Grants To Organizations	0	GrantsToOrganizations
Noncharitable Purpose	0	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	0	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	0	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	0	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
JOSEPH R RUSSO
230 2ND ST SE	CEDAR RAPIDS	IA	52401	PRESIDENT	0.00	0	0	0
ALAN BRINKMAN
2335 LINDEN DR SE	CEDAR RAPIDS	IA	52403	SEC'Y/TREAS	0.00	0	0	0
BEN HADEN
123 HILLDALE RD	CHATTANOOGA	TN	37411	BOARD MEMBER	0.00	0	0	0
MARGARET RACE STAMP
663 29TH ST SE	CEDAR RAPIDS	IA	52403	BOARD MEMBER	0.00	0	0	0
SUSIE HARRISON
46-560A ARAPHOE	INDIAN WELLS	CA	92210	BOARD MEMBER	0.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Field	Value	IRS element (for citing)
Description1	N/A	Description1
Expenses1	0	Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Description1	N/A	Description1
Amount1	0	Amount1
Total	0	Total

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	1290611	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	108041	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	1398652	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	1398652	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	20980	CashDeemedCharitable
Net Noncharitable Assets	1377672	NetNoncharitableAssets
Minimum Investment Return	68884	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	68884	MinimumInvestmentReturn
Total Tax	0	TotalTax
Distributable Amount Before Adj	68884	DistributableAmountBeforeAdj
Recoveries Qlfy Distributions	0	RecoveriesQlfyDistributions
Distributable Amount Before Ded	68884	DistributableAmountBeforeDed
Deduction Fr Distributable	$0	DeductionFrDistributableAmount
Distributable Amount As Adjusted	68884	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	53250	ExpensesAndContributions
Program Related Investments Total	0	ProgramRelatedInvestmentsTotal
Qualifying Distributions	53250	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	0	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	53250	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	68884	DistributableAmountAsAdjusted
Undistributed Income Prior Year	0	UndistributedIncomePriorYear
Total For Prior Years	0	TotalForPriorYears
Excess Distri Carryover Year5	13121	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	29176	ExcessDistriCarryoverYear4
Excess Distri Carryover Year2	20632	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	10237	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	73166	TotalExcessDistriCarryover
Qualifying Distributions	53250	QualifyingDistributions
Applied To Year1	0	AppliedToYear1
Applied To Prior Years	0	AppliedToPriorYears
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	53250	AppliedToCurrentYear
Remaining Distri From Corpus	0	RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus	15634	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	15634	ExcessDistriCyovAppliedCY
Total Corpus	57532	TotalCorpus
Prior Year Undistributed Income	0	PriorYearUndistributedIncome
Prior Year Deficiency Or Tax	0	PriorYearDeficiencyOrTax
Taxable Amount1	0	TaxableAmount1
Taxable Amount2	0	TaxableAmount2
Undistributed Income CY	0	UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g3	0	DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year5	0	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	57532	ExcessDistriCyovToNextYear
Excess From Year4	26663	ExcessFromYear4
Excess From Year2	20632	ExcessFromYear2
Excess From Year1	10237	ExcessFromYear1

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (8 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
ALL NATIONS FAMILY
5330 COLLEGE BLVD	OVERLAND PARK	KS	66211	N/A	PUBLIC CHARITY	EUROPE OUTREACH ROMANIA	$1,500
CHANGED LIVES
1200 MOUNTAIN CREEK ROAD	CHATTANOOGA	TN	37405	N/A	PUBLIC CHARITY	INTERNET/WEBSITE OUTREACH	$35,000
CHINA OUTREACH MINISTRIES
PO BOX 35	MECHANICSBURG	PA	17055	N/A	PUBLIC CHARITY	GREG GAINER - ISU - SUPPORT	$1,250
HARVESTERS
2001 WEST PLANO PARKWAY STE 3432	PLANO	TX	75075	N/A	PUBLIC CHARITY	MISSIONARIES LANCE & KIM KLEPP - SUDANESE ORPHAN CARE	$4,000
HOUSE OF HOPE
1744 2ND AVE SE	CEDAR RAPIDS	IA	52403	N/A	PUBLIC CHARITY	ABUSED WOMEN SHELTER	$1,500
IMAGO CHRISTI
1816 5TH AVE SE	CEDAR RAPIDS	IA	52403	N/A	PUBLIC CHARITY	MISSIONARY SUPPORT - JOE BRINKMAN	$2,500
JESUS FILM PROJECT
100 LAKE HART DRIVE	ORLANDO	FL	32832	N/A	PUBLIC CHARITY	FILM TRANSLATION	$1,000
YWAM
PO BOX 3000	GARDEN VALLEY	TX	75771	N/A	PUBLIC CHARITY	JIM & ANNA RODGERS SCRIPTURE TRANSLATION	$6,500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	53250	TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future	0	TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$25,595	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$1,978	ExclusionAmount

Other Revenue Described OtherRevenueDescribed (6 entries)

DescriptionDescription	Exclusion CodeExclusionCode	ExclusionExclusionAmount
WESTERN GAS PARTNERS	14	-$50
MAGELLAN MIDSTREAM PARTNEERS	14	$446
ENERGY TRANSFER PARTNERS LP	14	-$1,653
COMMON WEALTH INCOME AND GROWTH	14	-$771
UNITED STATES OIL FUND	14	$482
KINDER MORGAN ENERGY PARTENERS	14	-$3,555

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	$0	UnrelatedBusinessIncomeAmount
Exclusion	$22,472	ExclusionAmount
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	22472	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	0	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	0	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	0	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	0	RentalOfFacilitiesEtc
Reimbursement Arrangements	0	ReimbursementArrangements
Loans Or Loan Guarantees	0	LoansOrLoanGuarantees
Performance Of Services Etc	0	PerformanceOfServicesEtc
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	0	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	ACCOUNTING	Category
Amount	$7,110	Amount
Net Investment Income	7110	NetInvestmentIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Field	Value	IRS element (for citing)
Name Of Stock	CORPORATE STOCK-SEE ATTACHED LISTING	NameOfStock
EOY Book Value	590737	EOYBookValue
EOYFMV	590737	EOYFMV

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (6 entries)

Category Or ItemCategoryOrItem	Listed At Cost Or FMVListedAtCostOrFMV	Book ValueBookValue	EOYFMVEOYFMV
MUTUAL FUNDS	FMV	374298	374298
ANNUITY CONTRACT	FMV	149799	149799
BEHRINGER HARVARD REIT	FMV	26916	26916
INLAND AMERICAN REAL ESTATE TRUST	FMV	44901	44901
COMMONWEALTH INCOME & GROWTH	FMV	51000	51000
PIEDMONT OFFICE REALTY TRUST	FMV	28355	28355

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
INVESTMENT EXPENSES	10101	10101	0
SUPPLIES	376	376	0

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (6 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome
WESTERN GAS PARTNERS	-50	-50	-50
MAGELLAN MIDSTREAM PARTNEERS	446	446	446
ENERGY TRANSFER PARTNERS LP	-1653	-1653	-1653
COMMON WEALTH INCOME AND GROWTH	-771	-771	-771
UNITED STATES OIL FUND	482	482	482
KINDER MORGAN ENERGY PARTENERS	-3555	-3555	-3555

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Field	Value	IRS element (for citing)
Description	CURRENT YEAR CHANGE IN UNREALIZED GAIN/LOSS IN FMV OF INVESTMENTS	Description
Amount	$7,142	Amount

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	FOREIGN TAXES PAID	Category
Amount	$225	Amount
Net Investment Income	225	NetInvestmentIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

THE FRANK AND MARGARET RACE FOUNDATION INC: Form 990PF, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (66 entries)

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (8 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Other Revenue Described OtherRevenueDescribed (6 entries)

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (6 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (6 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Taxes Schedule TaxesSchedule

Taxes Taxes

Comments