Form 990 -PF Department of the Treasury Internal Revenu e Service Return of Private Foundation or Section 4947( a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Note . The foundation may be able to use a copy of this return to satisfy state reporting requii OMB No 1545 0052 2011 t- or calendar year zu1 1, or tax year beginning , 2011, and ending JIM HUTTON EDUCATIONAL FOUNDATION C/O JERRY GROSS, PO BOX 429 BURLINGTON, CO 80807 A Employer identification number 84-1553703 B Telephone number (see the instructions) 719-346-5376 (' If ovomntinn annhrahnn is nandinn chart here ► F-1 G Check all that apply Initial return Initial Return of a former public charity D 1 Foreign organizations, check here ► Final return Amended return Address chan ge Name chan g e 2 Foreign organizations meeting the 85% test, check H Check type of organization. X Section 501(c)(3) exempt private foundation here and attach computation ► Ti Section 4947(a )( 1 ) nonexem p t charitable trust Other taxable p rivate foundation E If private foundation status was terminated I Fair market value of all assets at end of year J Accounting method. X Cash Accrual q under section 507(b)(1)(A), check here ► (from Part fl, column (c), line 16) Other (specify) F ► $ _ _ _ _ _ _ _ _ _ _ _ _ If the foundation is in a 60-month termination (Part if, column (d ) must be on cash basis under section 507(b)(1)(B), check here ► Park I Ana l ysis o f R evenue and Ex p enses total of amounts in (T a Revenue and () (b) Net investment (c) Adjusted net (d) Disbursements columns (b), (c), and (d) may not neces. expenses per books income income come for charitable sarily equal the amounts in column (a) purposes (cash basis only) see instructions . 1 Contributions, gifts, grants, etc, received (att sch) 2 Ck I- Nit the foundn is not req to att Sch B 3 Interest on savings and temporary cash investments 4, 349. 4,349. 4,349. 4 Dividends and interest from securities 5a Gross rents 56 , 005. 56 , 005. 56 , 005. b oeolossjal income -16, 735. R 6a Net gain tooss) from sale of assets not on line 10 E b Gross sales price for all v assets on line 6a E 7 Capital gain net income (from Part IV, line 2) N 8 Net short-term capital gain U 9 Income modifications E 10a Gross sates less returns and allowances b Less Cost of goods sold c Gross profit/(loss) (att sch) 11 Other income (attach schedule) See Statement 1 4,386. 12 Total. Add lines l through 11 64 , 740. 60 , 354. 60 , 354. 13 Compensation of officers, directors, trustees, etc , 14 Other employee salaries and wages 15 Pension plans, employee benefits A 16a Legal fees (attach schedule) M b Accounting fees (attach sch) I N c Other prof fees (attach sch) ° P S 17 Interest rn E T 18 Taxes ( attach schedule )(see instrs) , A A 19 Depreciation (attach sch) and depletion N v 20 Occupancy E 21 Travel, conferences, and meetings 511. 511. E 22 Printing and publications N P 23 Other expenses (attach schedule) N See Statement 2 73,535. 73,535. S 24 Total operating and administrative V S expenses . Add lines 13 through 23 85 , 259. 85,259. 25 Contributions, gifts, grants paid - 26 Total expenses and disbursements. _-1 Add lines 24 and 25 85 1 259. 85,259. 0. 0. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements -20,519. 1 b Net investment income (if negative, enter 0) 0. C Adjusted net income (f negative, enter 0) 60,354. tBAA For Paperwork Reduction Act Notice , see instructions . TEEA0504L 12/05/11 Form 990 -PF (2011) f
Transcript
Form 990-PF
Department of the TreasuryInternal Revenue Service
Return of Private Foundationor Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note . The foundation may be able to use a copy of this return to satisfy state reporting requii
OMB No 1545 0052
2011t- or calendar year zu1 1, or tax year beginning , 2011, and ending
JIM HUTTON EDUCATIONAL FOUNDATIONC/O JERRY GROSS, PO BOX 429BURLINGTON, CO 80807
A Employer identification number
84-1553703B Telephone number (see the instructions)
719-346-5376
(' If ovomntinn annhrahnn is nandinn chart here ► F-1
G Check all that apply Initial return Initial Return of a former public charityD 1 Foreign organizations, check here ►
Final return Amended return
Address chang e Name chang e 2 Foreign organizations meeting the 85% test, checkH Check type of organization. X Section 501(c)(3) exempt private foundation here and attach computation ► Ti
Section 4947(a)( 1 ) nonexem pt charitable trust Other taxable private foundation E If private foundation status was terminatedI Fair market value of all assets at end of year J Accounting method. X Cash Accrual
qunder section 507(b)(1)(A), check here ►
(from Part fl, column (c), line 16) Other (specify) F► $
_ _ _ _ _ _ _ _ _ _ _ _ If the foundation is in a 60-month termination(Part if, column (d) must be on cash basis under section 507(b)(1)(B), check here ►
Park I Ana lysis o f Revenue andExpenses total of amounts in(T
a Revenue and() (b) Net investment (c) Adjusted net (d) Disbursements
columns (b), (c), and (d) may not neces.expenses per books income
--------------16 Total assets (to be completed-by all filers -
see the instructions Also, see pa g e 1, item I 1, 686, 711. 1, 666, 191. 0.L 17 Accounts payable and accrued expenses
A 18 Grants payable
B 19 Deferred revenue
L 20 Loans from officers, directors, trustees, & other disqualified persons
1 21 Mortgages and other notes payable (attach schedule)
T 22 Other liabilities (describe
ES 23 Total liabilities (add lines 17 through 22) 0. 0.
Foundations that follow SFAS 117, check here Xand complete lines 24 through 26 and lines 30 and 31.
N F 24 Unrestricted 1, 686, 711. 1,666,191.E UT N 25 Temporarily restricted
D 26 Permanently restricted
AS B Foundations that do not follow SFAS 117, check here
S A and complete lines 27 through 31.
E LA 27 Capital stock, trust principal, or current funds
TS N 28 Paid-in or capital surplus, or land, building, and equipment fund
C 29 Retained earnings, accumulated income, endowment, or other funds.O ER S 30 Total net assets or fund balances (see instructions) 1, 686, 711. 1,666,191.
31 Total liabilities and net assets/fund balances(see instructions 1,686,711. 1,666,191.
Past Ut Anal sis of Chan ges in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with
end-of-year figure reported on prior year's return) 1 1,686,711.
line 27a2 Enter amount from Part I 2 -20,519.,
3 Other increases not included in line 2 (Itemize) 3------------------------------
and 324 Add lines 1 4 1 , 666 , 192., ,
55 Decreases not included in line 2 (Itemize) ► See Statement 5 1_ _ _ _ _ _ _ _ _ _ _ _-6 Total net assets o r fund balances at end of year (line 4 minus line 5) - Part II, column (b) , line 30 6 1,666,191*
BAA TEEA0302L 07/14/11 Form 990-PF (2011)
Form 990-VF 2011 JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Page 3Pert lY Ca ital 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 shares MLC Company)
3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by thenumber of years the foundation has been in existence if less than 5 years 3 0.007320
4 Enter the net value of noncharltable-use assets for 2011 from Part X, line 5 4
5 Multiply line 4 by line 3 5
6 Enter 1 % of net investment income (1 % of Part I, line 27b) 6
7 Add lines 5 and 6 7
8 Enter qualifying distributions from Part XII, line 4 8
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a I% tax rate See thePart VI Instructions.
BAA Form 990-PF (2011)
TEEA0303L 07/14/11
Form 990-PF 2011 JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Page 4Excise Tax Based on Investment Income (Section 4940(a), 4940 (b), 4940(e) , or 4948 - see instructions)Pay t Y1
1 a 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 instrs)
b Domestic foundations that meet the section 4940(e) requirements in Part V, 1 0.check here ► RI and enter 1 % of Part I, line 27b
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, column (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxablefoundations only. Others enter -0-) 2 0.
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 0.
5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -0- 5 0.
6 Credits/Payments.
a 2011 estimated tax pmts and 2010 overpayment credited to 2011 6a
b Exempt foreign organizations - tax withheld at source 6b
c Tax paid with application for extension of time to file (Form 8868) 6c
d Backup withholding erroneously withheld 6d
7 Total credits and payments. Add lines 6a through 6d 7 0.
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 0.
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 2012 estimated tax ► Refunded ► 11
arding Activities
1 a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did itparticipate or intervene in any political campaign?
b Did it spend more than $100 during the year (either directly or indirectly) for political purposes(see the instructions for definition)7
If the answer is 'Yes' to la or 1b, attach a detailed description of the activities and copies of any materials publishedor distributed by the foundation In connection with the activities.
c Did the foundation file Form 1120-POL for this year?
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 ► $
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?
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, articlesof incorporation, or bylaws, or other similar instruments? If 'Yes,' attach a conformed copy of the changes
4a Did the foundation have unrelated business gross income of $1,000 or more during the year?
b If 'Yes,' has it filed a tax return on Form 990-T for this year?
5 Was there a liquidation, termination, dissolution, or substantial contraction during the year?
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
Yes No
1a X
1b X
1c X
0.
2 X
3 X4a X4b N A5 X
• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflictwith the state law remain in the governing instrument? 6 X
7 Did the foundation have at least $5,000 in assets at any time during the year? If Yes,' complete Part ll, column (c), and Part XV 7 X
8a Enter the states to which the foundation reports or with which it is registered (see instructions) ►N/A
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
9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(1)(3) or 49420)(5)
for calendar year 2011 or the taxable year beginning in 2011 (see instructions for Part XIV)? If 'Yes,' complete Part XIV
10 Did any persons become substantial contributors during the tax year? If 'Yes,' attach a schedule listing their names
BAA
Bbl X
9 1 1 X
1 10 1 1 XForm 990-PF (2011)
TEEA0304L 07/14111
Form 990-PF (2011 JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Pag e 5Part V -A Statements Regardin g Activities (continued)
11 At any time during the year, did the foundation, directly or indirectly, own a controlled entitywithin the meaning of section 512(b)(13)' If 'Yes', attach schedule (see instructions) 11 X
12 Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person hadadvisory privileges? If 'Yes,' attach statement (see instructions) 12 X
13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 XWebsite address ► N/A
--------------- -----------------------14 The books are in care of - JERRY GROSS Telephone no. ► 719-346-5376
----------
---
--Located at ► BANK OF BURLINGTON BURLINGTON , CO ZIP + 4 ► 78 08 0
-_ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _
15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here N/Aand enter the amount of tax-exempt interest received or accrued during the year - 15 N/A
16 At any time during calendar year 2011, did the foundation have an interest in or a signature or other authority over a Yes Nobank, securities, or other financial account in a foreign country? 16 X
See the instructions for exceptions and filing requirements for Form TD F 90-22.1. If 'Yes,' enter the name of theforeign countr 11
Part V11-8 Statements Regarding Activities for Which Form 4720 May Be RequiredFile Form 4720 if any item is checked in the 'Yes' column, unless an exception applies. Yes No
1 a 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 X No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) adisqualified person? Yes X No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? Yes X No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes X No
(5) Transfer any income or assets to a disqualified person (or make any of either availablefor the benefit or use of a dis ualified erson)? D Yes N Nopq
(6) Agree to pay money or property to a government official? (Exception . Check 'No' if thefoundation agreed to make a grant to or to employ the official for a period after terminationof government service, if terminating within 90 days) . E]Yes XN No
b If any answer is 'Yes' to la(1)-(6), did any of the acts fail to qualify under the exceptions described inRegulations section 53 4941 (d)-3 or in a current notice regarding disaster assistance (see instructions)? 1 b NkOrganizations relying on a current notice regarding disaster assistance check here ► El
c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts,that were not corrected before the first day of the tax year beginning in 2011 ? 1 c X
2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was aprivate operating foundation defined in section 49420)(3) or 49420)(5)).
a At the end of tax year 2011, did the foundation have any undistributed income (lines 6dand 6e, Part XI I I) for tax year(s) beginning before 2011 ' E]Yes X 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 N A
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 businessenterprise at any time during the year? []Yes No
b If 'Yes,' did it have excess business holdings in 2011 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 2011.) b N A
4a Did the foundation invest during the year any amount in a manner that would jeopardize its
charitable purposes? 4a X
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 beg innin g in 2011? 4b X
BAA Form 990-PF (2011)
TEF-A0305L 07114/11
1 -
Form 990-PF (2011 JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Pa g e 6Pa VU-8 Statements Regardin g Activities for Which Form 4720 May Be Required (continued)5a During the year did the foundation pay or incur any amount to:
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? Yes XJ No
(2) Influence the outcome of any specific public election (see section 4955), or to carryon, directly or indirectly, any voter registration drive? Yes X No
(3) Provide a grant to an individual for travel, study, or other similar purposes' Yes XX No
(4) Provide a grant to an organization other than a charitable, etc, organization describedt 509 1 2 3 t 4940 d 2 ? t tin sec ion (a)( ), ( ), or ( ), or sec ion ( )( ) (see ins ruc ions) Yes No
(5) Provide for any purpose other than religious, charitable, scientific, literary, ord lt f th f ltt t h ld l ? F]e uca purposes, oriona or e preven crueion o y o c i ren or anima s Yes No
b If any answer is 'Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptionsdescribed in Regulations section 53.4945 or in a current notice regarding disaster assistance(see instructions)? 5b N AOrganizations 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 thetax because it maintained expenditure responsibility for the grant? N/A []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 premiumson a personal benefit contract? 11 Yes No
b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 6b X
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? D Yes No
b If 'Yes,' did the foundation receive any proceeds or have any net income attributable to the transaction? N/A 7b
Fart Wit Information About Officers , Directors , Trustees, Foundation Managers , Highly Paid Employees,and Contractors
1 List all officers . directors . trustees . foundation manaaers and their compensation (see instructions)-
(a) Name and address
(b) Title, and averagehours per week
devoted to position
(c) Compensation(If not paid , enter -0-)
(d) Contributions toemployee benefitplans and deferred
compensation
(e) Expense account,other allowances
See Statement-6
11,213. 0. 0.
------------------------
------------------------
-------------------------
con,nancntinn of fives hinhect-nail emnlnvees (other than those included on line 1- see instructions). If none. enter'NONE.'
(a) Name and address of each employeepaid more than $50,000
(b) Title, and averagehours per week
devoted to position
(c) Compensation (d) Contributions toemployee benefitplans and deferredcompensation
(e) Expense account,other allowances
None------------------------
------------------------
------------------------
------------------------
------------------------
Total number of other employees paid over $50,000 0
BAA TEEA0306L 12/05111 Form yyu-Pi- (ZU1 1)
Form 990-PF (2011 JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Pa g e 7Park Vllt 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) Com pensationNone--------------------------------------
--------------------------------------
--------------------------------------
--------------------------------------
--------------------------------------
Total number of others receivin g over $50,000 for professional services ► 0
P1tit ^X-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 Expenseso rg a ni zatio ns a n d other beneficiaries served, conferences convened, research papers produced, etc
1 Loans for nursing students--at_low_interest-------------------------------
Form 990-PF 2011 JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Pag e 8pOKX 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 1 a
b Average of monthly cash balances 1 b
c Fair market value of all other assets (see instructions) 1 c
d Total (add lines 1 a, b, and c) 1 d 0.
e Reduction claimed for blockage or other factors reported on lines 1a and 1c
(attach detailed explanation) 1 e
2 Acquisition indebtedness applicable to line 1 assets 2
3 Subtract line 2 from line ld 3
4 Cash deemed held for charitable activities. Enter 1-1/2% of line 3(for greater amount, see instructions) 4
5 Net value of noncharitable -use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 5 0.
6 Minimum investment return . Enter 5% of line 5 6 0.
P'a t Xl Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundationsand certain forei g n org anizations check here ► and do not com p lete this art.
1 Minimum investment return from Part X, line 6 1
2a Tax on investment income for 2011 from Part VI, line 5 2a
b Income tax for 2011. (This does not include the tax from Part VI.) 2b
c Add lines 2a and 2b 2c
3 Distributable amount before adjustments. Subtract line 2c from line 1 3
4 Recoveries of amounts treated as qualifying distributions 4
5 Add lines 3 and 4 5
6 Deduction from distributable amount (see instructions) 6
7 Distributable amount as adj usted. Subtract line 6 from line 5 Enter here and on Part XIII, line 1 7 0.
partXUJ 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 1 a
b Program-related investments - total from Part IX-B 1 b
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 thea Suitability test (prior IRS approval required) 3a
b Cash distribution test (attach the required schedule) 3b
4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XI II, line 4 4 0.
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
6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 0.
Note . The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundationqualifies for the section 4940(e) reduction of tax in those years.
BAA Form 990-PF (2011)
TEEA0308L 12/05/11
Form 990-PF (2011) JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Page 9
Pa t ^Ci ! Undistributed Income (see instructions)
(a) (b) (c) (d)Corpus Years prior to 2010 20 10 2011
1 Distributable amount for 2011 from Part XI,line 7 0.
2 Undistributed income, if any, as of the end of 2011
a Enter amount for 2010 only 0 .b Total for prior years- 20-,20-,20- 0.
3 Excess distributions carryover, if any, to 2011
a From 2006 51 , 083.b From 2007 34, 113.
c From 2008 20,552.d From 2009 6,300.
e From 2010 2,000.
f Total of lines 3a throug h e 114,048.4 Qualifying distributions for 2011 from Part
XII, line 4. 01 $
a Applied to 2010, but not more than line 2a 0.
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 2011 distributable amount 0.
e Remaining amount distributed out of corpus 0.
5 Excess distributions carryover applied to 2011 0. 0.(If an amount appears in column (d), thesame amount must be shown in column (a) )
6 Enter the net total of each column asindicated below:
a Corpus Add lines 3f, 4c, and 4e Subtract line 5 114,048.
b Prior years' undistributed income. Subtractline 4b from line 2b 0.
c Enter the amount of prior years' undistribut-ed income for which a notice of deficiencyhas been issued, or on which the section4942(a) tax has been previously assessed 0.
d Subtract line 6c from line 6b. Taxableamount - see instructions 0.
e Undistributed income for 2010. Subtract line 4a fromline 2a Taxable amount - see instructions 0.
f Undistributed income for 2011. Subtract lines4d and 5 from line 1. This amount must bedistributed in 2012 0.
7 Amounts treated as distributions out ofcorpus to satisfy requirements imposed
170 1 F 4942( (3)b t ()( )( ) or g)y sec ion(see instructions) 0.
8 Excess distributions carryover from 2006 notapplied on line 5 or line 7 (see instructions) 51,083.
9 Excess distributions carryover to 2012.Subtract lines 7 and 8 from line 6a 62,965.
10 Analysis of line 9.
a Excess from 2007 34 , 113.
b Excess from 2008 20 , 552.
c Excess from 2009 6,300.
d Excess from 2010 2 , 000.
e Excess from 2011
BAA Form 990-PF (2011)
TEEA0309L 07/14/11
Form 990-PF 2011 JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Pag e 10P it XIV Private Operatin g Foundations (see instructions and Part VII-A q uestion 9) N/A
1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the rulingis effective for 2011, enter the date of the ruling ►
b Check box to indicate whether the foundation is a private o perating foundation described in section 49420)(3) or 1 4942(j)(5)2a Enter the lesser of the adjusted net Tax year Prior 3 years
income from Part I or the minimuminvestment return from Part X for (a) 2011 (b) 2010 (c) 2009 (d) 2008 (e) Totaleach year listed
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 directlyfor active conduct of exempt activities
e Qualifying distributions made directlyfor active conduct of exempt activities.Subtract line 2d from line 2c
3 Complete 3a, b, or c for thealternative test relied upon.
a 'Assets' alternative test - enter.
(1) Value of all assets
(2) Value of assets qualifying undersection 4942(I)(3)(B)(
b 'Endowment' alternative test - enter 2/3 ofminimum investment return shown in Part X,line 6 for each year listed
c 'Support' alternative test - enter.
(1) Total support other than grossinvestment income (interest,dividends, rents, paymentson securities loans (section512(a)(5)), or royalties)
(2) Support from general public and 5 ormore exempt organizations as providedin section 4942(I)(3)(B)(iu)
(3) Largest amount of support froman exempt organization
4) Gross investment income
Part XV Supplementary Information (Complete this part only if the organization had $5,000 or more inassets 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 theclose of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2) )
None
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 ofa partnership or other entity) of which the foundation has a 10% or greater interest.
Check here ► F 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, (see instructions) to individuals or organizations under other conditions,complete items 2a, b, c, and d.
a The name, address, and telephone number 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
BAA TEEA0310L 07114/11 Form 990-PF (2011)
Form 990-PF (2011 JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Pag e 11Part XV Supplementary Information (continued)3 Grants and Contributions Paid During the Year or Approved for Future Payment N/A
RecipientIf recipient is an individual,show any relationship to
any foundation manager or
Foundationstatus of Purpose of grant or
t b t AmountName and address (home or business substantial contributor recipient con ri u ion
a Paid during the year
Total 0' 3a
b Approved for future payment
Total 0' 3bl
BAA TEF-AO50IL 07/14/1 1 Form 990-PF (2011)
Form 990-PF (2011) JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Page 12
Part XY.A, Analysis of Income-Producing Activities
Entei
1
gross amounts unless otherwise indicated Unrelated business income Excluded by section 512, 513, or 514
rogram service revenue:
(a)Businesscode
(b)Amount
(c)Exclu-Sioncode
(d)Amount
(e)
Related or exemptfunction income(See instructions)
Fees and contracts from government agencies
Membership dues and assessments
Interest on savings and temporary cash investments 14 4,349.Dividends and interest from securities 14
Net rental income or (loss) from real estate:
Debt-financed property
Not debt-financed property 16 -16,735.Net rental income or (loss) from personal property
Other investment income 15 4, 386.Gain or (loss) from sales of assets other than inventory
Net income or (loss) from special events
Gross profit or (loss) from sales of inventory
Other revenue:
Subtotal. Add columns (b), (d), and (e) -12,349. 1 4,349.
a
h
c
d
e
f
92
3
4
5
a
6
7
8
9
10
11
a
h
c
d
e
12
13 Total . Add line 12, columns (b), (d), and (e)
worksheet in line 13 instructions to verify calculations
13 -8,000.
Part,XVtB Relationship of Activities to the Accomplishment of Exempt Purposes
BAA TEEA0502L 07/14/11 rorm u,u-rr t,cu i i /
Form 990-PF 2011 JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703 Pag e 13Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable
Exempt Organizations
Yes No1 Did the organization directly or indirectly engage in any of the following with any other organization
described in section 501(c) of the Code (other than section 501 (c)(3) organizations) or in section 527,relating to political organizations?
a Transfers from the reporting foundation to a noncharitable exempt organization of.
(1) Cash a 1) X(2) Other assets 1 a 2) X
b Other transactions.
(1) Sales of assets to a noncharitable exempt organization 1 b (1) X(2) Purchases of assets from a noncharitable exempt organization 1 b (2) X(3) Rental of facilities, equipment, or other assets 1 b 3) X(4) Reimbursement arrangements 1 b (4) X(5) Loans or loan guarantees 1 b (5) X(6) Performance of services or membership or fundraising solicitations 1 b (6) X
c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1 c X
d If the answer to any of the above is 'Yes,' complete the following schedule. Column (b) should always show the fair mathe goods, other assets, or services given by the reporting foundation If the foundation received less than fair marketany transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received
rket valuevalue in
of
(a) Line no . (b) Amount Involved c) Name of noncharitable exem p t organization (d) Description of transfers, transactions , and sharing arrangementsN/A
2a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizationsdescribed in section 501(c) of the Code (other than section 501 (c)(3)) or in section 527?
b If 'Yes,' complete the following schedule.1-1 Yes XX No
(a) Name of or anization b) T e of or anization c) Descrl tion of relationshl
N/A
Under penalties of perjury, I declare that I have examined this return including accocorre^t, V co le eclarattioo of pr yer (o er the taxp er ispased on all
SignHere
Signature of officer rus a Date
PnntTrype prep er's name e r rssiature
Paid Patricia Z Penny
4
Preparer Firm's name ► Patricia Z. Penny , CPA
Use Only Firm's address ► PO Box 207
Burlington, CO 80807
BAA
2011 Federal Statements Page 1
JIM HUTTON EDUCATIONAL FOUNDATION 84-1553703
Statement 1Form 990- PF, Part I , Line 11Other Income
(a) (b) Net (c)Revenue I nvestment Adjusted
per Books Income Net Income
Other Investment Income $ 4 , 386.Total 4,386. 0.$ 0.
Statement 2Form 990 -PF, Part I , Line 23Other Expenses
(a) (b) Net (c) (d)Expenses Investment Adjusted Charitableper Books Income Net Income Purposes
BANK SERVICE CHARGE $ 98. $ 98.POSTAGE/MAILING 49. 49.Rental Expenses 72,740. 72,740.SECRETARIAL 300. 300.SUPPLIES 348. 348.
Total 73,535. 73,535. 0. 0.
Statement 3Form 990-PF , Part II, Line 11Investments - Land , Buildings , and Equipment
Accum. Book Fair MarketCategory Basis Deprec. Value Value
Statement 5Form 990-PF , Part III, Line 5Other Decreases
ROUNDING $Total
Statement 6Form 990-PF, Part VIII, Line 1List of Officers, Directors, Trustees, and Key Employees
Title and Contri- ExpenseAverage Hours Compen- bution to Account/
Name and Address Per Week Devoted sation EBP & DC Other
JERRY GROSS Foundation Mana $ 9,213. $ 0. $ 0.BANK OF BURLINGTON, PO BOX 427 0BURLINGTON, CO 80807
DAN PATTEN Director 400. 0. 0.3937 CR LL.5 0HALE, CO 80735
CHARLIE BAKER Director 400. 0. 0.PO BOX 427 0BURLINGTON, CO 80807
MELISSA CLAPPER Director 400. 0. 0.7500 CR 55 0BURLINGTON, CO 80807
JANE BUCHANAN Director 400. 0. 0.437 EMERSON 0WRAY, CO 80758
GEORGIA GILLEY Director 400. 0. 0.0
BURLINGTON, CO 80807
Total $ 11,213. $ 0. $ 0. 1
Form-8868 Application for Extension of Time To File an(Rev January 2012) Exempt Organization Return OMB No 1545 1709
Department of the TreasuryInternal Revenue Service ► File a separate application for each return.
• If you are filing for an Automatic 3-Month Extension , complete only Part I and check this box ► X
• If you are filing for an Additional (Not Automatic ) 3-Month Extension , complete only Part 11 (on page 2 of this form).Do not complete Part //unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.
Electronic filing (e-file). You can electronically file Form 8868 if you need a 3-month automatic extension of time to file (6 months for acorporation required to file Form 990-T), or an additional (not automatic) 3-month extension of time. You can electronically file Form 8868 torequest an extension of time to file any of the forms listed in Part I or Part II with the exception of Form 8870, Information Return for TransfersAssociated With Certain Personal Benefit Contracts, which must be sent to the IRS in paper format (see instructions) For more details on theelectronic filing of this form, visit www./rs.gov/e file and click on e-file for Charities & Nonprofits
[ Partj Automatic 3-Month Extension of Time. Onl y submit ori g inal (no co p ies needed ) .A corporation required to file Form 990-T and requesting an automatic 6-month extension - check this box and complete Part I only ►All other corporations (including 1120-C filers), partnerships, REMICS, and trusts must use Form 7004 to request an extension of time to fileincome tax returns.
Enter filer ' s identifying number, see instructionsName of exempt organization or other filer, see instructions Employer identification number (EIN) or
Type orprint
JIM HUTTON EDUCATIONAL FOUNDATIONFile by the Number , street , and room or suite number If a P 0 box, see instructionsdue date forf iling yourreturn See C/O JERRY GROSS , PO BOX 429rinstructions City, town or post office, state , and ZIP code For a foreign address , see instructions
BURLINGTON, CO 80807
84-1553703Social security number (SSN)
Enter the Return code for the return that this application is for (file a separate application for each return) 04
ApplicationIs For
ReturnCode
ApplicationIs For
ReturnCode
Form 990 01 Form 990-T (corporation) 07
Form 990-BL 02 Form 1041-A 08
Form 990-EZ 01 Form 4720 09
Form 990-PF 04 Form 5227 10
Form 990-T (section 401(a or 408(atrust) 05 Form 6069 11
Form 990-T (trust other than above) 06 Form 8870 12
• The books are in the care of ► JERRY GROSS
Telephone No. ► 719-346-5376 FAX No. ►----------------- -----------------• If the organization does not have an office or place of business in the United States , check this box ► F• If this is for a Group Return, enter the organization ' s four digit Group Exemption Number (GEN) . If this is for the whole group,
check this box ► El . If it is for part of the group, check this box ► sand attach a list with the names and EINs of all members
the extension is for.
1 I request an automatic 3-month (6 months for a corporation required to file Form 990 -T) extension of time
until _ 8/1 5 _ _ , 20 1 2 _ , to file the exempt organization return for the organization named above
The extension is for the organization ' s return for.
► X calendar year 20 11 or
► tax year beginning - - - - - - - -, 20 , and endin g , 20
2 If the tax year entered in line 1 is for less than 12 months, check reason . U Initial return j Final return
n Change in accounting period
3a If this application is for Form 990 -BL, 990 -PF, 990-T, 4720, or 6069 , enter the tentative tax, less anynonrefundable credits. See instructions
b if this application is for Form 990-PF, 990-T, 4720, or 6069 , enter any refundable credits and estimated taxDavments made Include any prior year overpayment allowed as a credit
c Balance due . Subtract line 3b from line 3a. Include your payment with this form, if required, by usingEFTPS (Electronic Federal Tax Payment System) See instructions
$ 0.
$ 0.
$ 0.
Caution . If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for
payment instructions.
BAA For Paperwork Reduction Act Notice, see Instructions . Form 8868 (Rev 1-2012)
