(b) Net investment ) <) (c) Adjusted net (d) Disbursements 53, , , , goods sold 420 C Gross profit or (loss) (attach schedule)

Transcription

1 Form 990-PF Return of Private Foundation or Setion 4947(aXl) Trust Treated as Private Foundation Do not enter soial seurity numbers Department of on this form as it may be made publi. the Treasury Internal Revenue Servie Information about Form 990-PF and its separate instrutions is at For alendar year 2014, or tax year beginning, 2014, and ending A Employer Identifiation number THE INSTITUTE FOR SPIRITUAL RESEARCH INC P.O. BOX 3516 B Telephone number (see instrutions) SEDONA, AZ ( 928 ) OMB No to Publi Inspetion C If exemption appliation is pending, hek here (1 G Chek all that apply Initial return Initial return of a former publi harity D 1 Foreign organizations, hek here Final return Amended return Address hange Name hange 2 Foreign organizations meeting the 85% test, hek here and attah omputation H Chek type of organization: n Setion 501 ()(3) exempt private foundation Setion 4947(a)(1) nonexen p^ haritable trust Other taxable private foundation E If private foundation status was terminated I Fair market value of all assets at end of year J Aounting method: }{ Cash Arual under setion 507(b)(1)(A), hek here. LI (from Part ll, olumn (), line 16) Other (speify) F If the foundation is in a 60-month termination $ 2, 283, 615. (Part 1, olumn (d) must be on ash basis.) under setion 507(b)(1)(B), hek here FPaHT - Ana lysis O Revenue an d a Revenue and (b) Net investment ) <) () Adjusted net (d) Disbursements Ex penses (The total of amounts In e x penses per books inome inome for haritable olumns (b), (), and (d) may not nees- purposes sarily equal the amounts in olumn (a) (ash basis only) (see Instrutions) ) 1 Contributions ifts, grants, et, reeived (attah shedule) 42, Ck if the foundn is not required to attah Sh B U C C 3 Interest on savings and temporary ash investments Dividends and interest from seurities 53, , , a Gross rents b Net rental inome or (loss) R 6a Net gain or (loss) from sale of assets not on line 10 19, 191. E b Gross sales prie for all v assets on line 6a 651, 530. E 7 Capital gain net inome (from Part IV, line 2) 19, 191. N 8 Net short-term apital gain. 2, 24 2 U 9 Inome modifiations E 10a Gross sales less returns and allowanes - - N b Less Cost of -, goods sold 420 C Gross profit or (loss) (attah shedule) v 11 Other inome (attah shedule) F 12 Total. Add lines 1 through , Compensation of offiers, diretors, trustees, et 0. [ 14 Other employee salaries and wages 15 Pension plans, employee benefits. A 16a Legal fees (attah shedule) See St 1 3, 107 L D b Aounting tees (attah sh) See St 2 71 M 1, 100. N C Other prof fees (attah sh) See St 3 25, , 745. o I 17 Interest P S le See R R 18 Taxes (attah shedulexseeinstrs) S5tm 4 4, 483. s h d dep letion See Stmt 5 3, 934. A 19 Depreiation (attah T T ) an N y 20 Oupany G E 21 Travel, onferenes, and meetings A E 22 Printing and publiations ND P 23 Other expenses (attah shedule) EN See Statement 6 2, 045. S E S 24 Total operating and administrative expenses. Add lines 13 through 23 40, , Contributions, gifts, grants paid 4, 38 4, Total expenses and disbursements. Add lines 24 and , , , Subtrat line 26 from line 12: a Exess of revenue over expenses and disbursements 70, 547. b Net Investment Inome (if negative, enter -0-) 47, 29 C Adjusted net Inome (if negative, enter -0-) 56, EUAA For Paperwork Redution At Notie, see instrutions. TEEA0504L 12/10/14 Form 990-PF (2014) CA

2 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 2 Attahed shedules and amounts in the desription Beginning of year End of year Part II Balane Sheets olumn should be for end-of-year amounts only (See instrutions) (a) Book Value (b) Book Value () Fair Market Value 1 Cash - non-interest-bearing 89, , 25 2 Savings and temporary ash investments , Aounts reeivable Less: allowane for doubtful aounts Pledges reeivable ' Less- allowane for doubtful aounts Grants reeivable. S E T S 6 Reeivables due from offiers, diretors, trustees, and other disqualified persons (attah shedule) (see instrutions). 7 Other notes and loans reeivable (attah sh) Less. allowane for doubtful aounts 1, Inventories for sale or use 9 Prepaid expenses and deferred harges 10a Investments - U.S. and state government obligations (attah shedule) b Investments - orporate stok (attah shedule) 1, 988, , 997, , Investments - orporate bonds (attah shedule) 11 Investments - land, buildings, and equipment: basis Less aumulated depreiation (attah shedule) ' Investments - mortgage loans. 13 Investments - other (attah shedule) 14 Land, buildings, and equipment: basis _ 63,941. Less: aumulated depre tlon (attah shedule) 'gee Stmt 7-49, , , , Other assets (desribe' ) 16 Total assets (to be omprtevby al1-f htrs - see the instrutions Also, see page 1, item I) 2, 234, L 17 Aounts payable and arued expenses IA 18 Grants payable B 19 Deferred revenue IL 20 Loans from offiers, diretors, trustees, & other disqualified persons 1 21 Mortgages and other notes payable (attah shedule) T 22 Other liabilities (desribe' E S 23 Total liabilities (add lines 17 through 22) Foundations that follow SFAS 117, hek here and omplete lines 24 through 26 and lines 30 and 31. N F 24 Unrestrited E U T N 25 Temporarily restrited D 26 Permanently restrited S B Foundations that do not follow SFAS 117, hek here. ' x S A and omplete lines 27 through 31. E L T A 27 Capital stok, trust prinipal, or urrent funds S N 28 Paid-in or apital surplus, or land, bldg, and equipment fund, 234, 846., 305, 393. C O E 29 Retained earnings, aumulated inome, endowment, or other funds R S 30 Total net assets or fund balanes (see instrutions) 2, 234, , 305, Total liabilities and net assets /fund balanes (see instrutions) 2, 234, , 305, 393. Part III Analy sis of Chan g es in Net Assets or Fund Balanes 1 Total net assets or fund balanes at beginning of year - Part II, olumn (a), line 30 (must agree with end-of-year figure reported on prior year's return) 1 2, 234, Enter amount from Part I, line 27a 2 70, Other inreases not inluded in line 2 (itemize) Add lines 1, 2, and 3 4 2, 305, Dereases not inluded in line 2 (itemize) 5 6 Total net assets or fund balanes at end of year (line 4 minus Ilne 5) - Part II, olumn (b), line 3Q BAA TEEA0302L 12/10/14 Form 990-PF (2014)

3 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 3 PartIV Capital Gains and Losses for Tax on Investment Inome (a) List and desribe the kind (s) of proper sold (e. g., real estate, () Date aquired (d) Date sold 2-story brik warehouse, or ommon stok, 200 shares MLC Company ) ( month, day, year ) ( month, day, year) 1a b d e a b d e a b d e (e) Gross sales prie ( f) Depreiation allowed (or allowable ) (g) Cost or other basis plus expense of sale (b) How aquired P - P urhase D - Donation (h) Gain or (loss) (e) plus ( f) minus (g) Complete only for assets showing gain in olumn ( h) and owned by the foundation on 12/31 /69 (I) Gains (Column (h) (1) Fair Market Value (j) Adjusted basis (k) Exess of olumn ( i) gain minus olumn ( k), but not less as of 12/31/69 as of 12/31/69 over olumn 0 ), if any than -0- ) or Losses ( from olumn (h)) 2 Capital gain net inome or (net apital loss). 3 Net short - term apital gain or (loss ) as defined in setions 1222 (5) and (6): If gain, also enter in Part I, line 7 If (loss ), enter - 0- in Part I, line , 191. If gain, also enter in Part I, line 8, olumn () (see instrutions ) If (loss), enter -0- in wain, I, line 8 3 2, 242. I P5(rt$,VM1 Qualifiation Under Setion 4940 (e) for Redued Tax on Net Investment Inome (For optional use by domesti private foundations subjet to the setion 4940(a) tax on net investment Inome) N/A If setion 4940(d)(2) applies, leave this part blank. Was the foundation liable for the setion 4942 tax on the distributable amount of any year in the base period? EYes No If 'Yes,' the foundation does not qualify under setion 4940 (e) Do not omplete this part 1 Enter the appropriate amount in eah olumn for eah year, see the instrutions before making any entries. Base period years Calendar year (or tax year beginning in) Adjusted quali fy ng distributions Net value of nonharitable-use assets Distributtiion ratio (olumn (b) divided by olumn ()) Total of line 1, olumn (d) 2 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years the foundation has been in existene if less than 5 years 3 4 Enter the net value of nonharitable-use assets for 2014 from Part X, line Multiply line 4 by line Enter 1 % of net investment inome (1 % of Part I, line 27b) 6 7 Add lines 5 and Enter qualifying distributions from Part XII, line 4 8 If line 8 is equal to or greater than line 7, hek the box in Part VI, line 1 b, and omplete that part using a 1 % tax rate See the Part VI instrutions. BAA TEEA0303L 06/16/14 Form 990-PF (2014)

4 For m 990-PF ) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 4 Part VI Ex ise Tax Based on Investment Inome (setion 4940 (a), 4940 (b), 4940(e), or see instrutions) 1 a Exempt operating foundations desribed in setion 4940(d)(2), hek here and enter 'N/A' on line 1. Date of ruling or determination letter: _ (attah opy of letter if neessary - see instrs) b Domesti foundations that meet the setion 4940(e) requirements in Part V, hek here- 11 and enter 11% of Part I, line 27b All other domesti foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, olumn (b) 2 Tax under setion 511 (domesti setion 4947(a)(1) trusts and taxable foundations only Others enter -0-) 2 3 Add lines 1 and Subtitle A (inome) tax (domesti setion 4947(a)(1) trusts and taxable foundations only Others enter -0-) 4 5 Tax based on investment inome. Subtrat line 4 from line 3. If zero or less, enter Credits/Paymentsa 2014 estimated tax pmts and 2013 overpayment redited to a 3 24 b Exempt foreign organizations - tax withheld at soure 6 b Tax paid with appliation for extension of time to file (Form 8868) 6 d Bakup withholding erroneously withheld 6d 7 Total redits and payments. Add lines 6a through 6d 8 Enter any penalty for underpayment of estimated tax. Chek here if Form 2220 is attahed 9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed 10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 11 Enter the amount of line 10 to be: Credited to 2015 estimated tax ' 95 1 Refunded , a During the tax year, did the foundation attempt to influene any national, state, or loal legislation or did it Yes No partiipate or intervene in any politial ampaign? 1 al I X b Did it spend more than $100 during the year (either diretly or indiretly) for politial purposes (see Instrutions for the definition)? If the answer is 'Yes' to 1a or 1b, attah a detailed desription of the ativities and opies of any materials published or distributed by the foundation In onnetion with the ativities Did the foundation file Form 1120-POL for this year? d Enter the amount (if any) of tax on politial expenditures (setion 4955) imposed during the year: (1) On the foundation $ (2) On foundation managers $ e Enter the reimbursement (if any) paid by the foundation during the year for politial expenditure tax imposed on foundation managers $ 2 Has the foundation engaged in any ativities that have not previously been reported to the IRS? If 'Yes,' attah a detailed desription of the ativities. 3 Has the foundation made any hanges, not previously reported to the IRS, in its governing instrument, artiles of inorporation, or bylaws, or other similar instruments? If 'Yes,' attah a onformed opy of the hanges 4a Did the foundation have unrelated business gross inome 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 ontration during the year? If 'Yes,' attah the statement required by General Instrution T 6 Are the requirements of setion 508(e) (relating to setions 4941 through 4945) satisfied either: By language in the governing instrument, or By state legislation that effetively amends the governing instrument so that no mandatory diretions that onflit with the state law remain in the governing instrument?.. 7 Did the foundation have at least $5,000 in assets at any time during the year? If 'Yes,' omplete Part II, olumn (), and Part XV 8 a Enter the states to whih the foundation reports or with whih it is registered (see instrutions) AZ b If the answer is 'Yes' to line 7, has the foundation furnished a opy of Form 990 PF to the Attorney General (or designate) of eah state as required by General Instrution G? If 'No,' attah explanation 1 bl I X 1 X 2 X 3 x 4a X 4b N IA 5 x 6 X 7 X 9 Is the foundation laiming status as a private operating foundation within the meaning of setion 49420)(3) or 4942(1)(5) for alendar year 2014 or the taxable year beginning in 2014 (see instrutions for Part XIV)' If 'Yes,' omplete Part XIV 9 X 8b }{ 10 Did any persons beome substantial ontributors during the tax year? If 'Yes,' attah a shedule listing their names and addresses See Statement 8 BAA 1101 XI Form 990-PF (2014) TEEA0304L 06/16/14

5 I Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 5 Part VII-A Statements Reg ardin g Ativities ( ontinued) 11 At any time during the year, did the foundation, diretly or indiretly, own a ontrolled entity within the meaning of setion 512(b)(13)7 If 'Yes', attah shedule (see instrutions) 11 X 12 Did the foundation make a distribution to a donor advised fund over whih the foundation or a disqualified person had advisory privileges? If 'Yes,' attah statement (see instrutions) 12 X 13 Did the foundation omply with the publi inspetion requirements for its annual returns and exemption appliation? 13 X Website address N/A The books are in are of Telephone no Loated at 1, ZIP + 4 1, Setion 4947(a)(1) nonexempt haritable trusts filing Form 990-PF in lieu of Form Chek here N/A and enter the amount of tax-exempt interest reeived or arued during the year N/A 16 At any time during alendar year 2014, did the foundation have an interest in or a signature or other authority over a Yes No bank, seurities, or other finanial aount in a foreign ountry? 16 X See the instrutions for exeptions and filing requirements for FinCEN Form 114, (formerly TD F ). If 'Yes,' enter the name of the foreign ountry Part VII - B Statements Reg ardin g Ativities for Whih Form 4720 May Be Req uired File Form 4720 if any item is heked in the 'Yes' olumn, unless an exeption applies. Yes No 1 a During the year did the foundation (either diretly or indiretly): (1) Engage in the sale or exhange, or leasing of property with a disqualified person? [Yes No (2) Borrow money from, lend money to, or otherwise extend redit to (or aept it from) a disqualified person? Yes X No (3) Furnish goods, servies, or failities to (or aept them from) a disqualified person? Yes X No (4) Pay ompensation to, or pay or reimburse the expenses of, a disqualified person? H Yes X No (5) Transfer any inome 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 offiial? ( Exeption. Chek 'No' if the foundation agreed to make a grant to or to employ the offiial for a period after termination of government servie, if terminating within 90 days.) [Yes X No b If any answer is 'Yes' to la(1)-(6), did any of the ats fail to qualify under the exeptions desribed in Regulations setion (d)-3 or in a urrent notie regarding disaster assistane (see instrutions)? 1 b N /A Organizations relying on a urrent notie regarding disaster assistane hek here Did the foundation engage in a prior year in any of the ats desribed in 1 a, other than exepted ats, that were not orreted before the first day of the tax year beginning in 2014'. 1 X 2 Taxes on failure to distribute inome (setion 4942) (does not apply for years the foundation was a private operating foundation defined in setion 4942(1)(3) or 4942(1)(5)): a At the end of tax year 2014, did the foundation have any undistributed inome (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2014? [ Yes j No If 'Yes,' list the years 20, 20, 20, 20-- b Are there any years listed in 2a for whih the foundation is not applying the provisions of setion 4942(a)(2) (relating to inorret valuation of assets ) to the year's undistributed inome? ( If applying setion 4942 (a)(2) to all years listed, answer 'No' and attah statement - see instrutions ) If the provisions of setion 4942 ( a)(2) are being applied to any of the years listed in 2a, list the years here 2bl N 11 20,20, a Did the foundation hold more than a 2% diret or indiret interest in any business enterprise at any time during the year? b If 'Yes,' did it have exess business holdings in 2014 as a result of ( 1) any purhase 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 setion 4943 ()(7)) to dispose of holdings aquired by gift or bequest, or (3) the lapse of the 10-, 15 -, or 20 - year first phase holding period? (Use Shedule C, Form 4720, to determine i f the foundation had exess business holdings in 2014) 11 Yes No 3b N A 4a Did the foundation invest during the year any amount in a manner that would jeopardize its haritable purposes? 4al I X BAA b Did the foundation make any investment in a prior year (but after Deember 31, 1969) that ould jeopardize its haritable purpose that had not been removed from jeopardy before the first day of the tax year beamnina in 2014? 4bl I X Form 990-PF (2014) TEEA0305L 06/17/14

6 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 6 Part VII- B Statements Re g ardin g Ativities for Whih Form 4720 May Be Req uired ontinued 5a During the year did the foundation pay or inur any amount to- (1) Carry on propaganda, or otherwise attempt to influene legislation (setion 4945(e))?. [ Yes No (2) Influene the outome of any speifi publi eletion (see setion 4955); or to arry on, diretly or indiretly, any voter registration drive? Yes BX 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 haritable, et, organization desribed in se t ion 4945 ( d )( 4)( A ) ' (see ins t ru t ions) [ Yes No (5) Provide for any purpose other than religious, haritable, sientifi, literary, or eduational purposes, or for the prevention of ruelty to hildren or animals? [ Yes No b If any answer is 'Yes' to 5a(1)-(5) did any of the transations fail to qualify under the exeptions desribed in Regulations setion X or in a urrent notie regarding disaster assistane (see instrutions)? 5b N A Organizations relying on a urrent notie regarding disaster assistane hek here If the answer is 'Yes' to question 5a(4), does the foundation laim exemption from the tax beause it maintained expenditure responsibility for the grant? N/A If 'Yes,' attah the statement required by Regulations setion (d) Yes [ No 11 6 a Did the foundation, during the year, reeive any funds, diretly or indiretly, to pay premiums on a personal benefit ontrat? [Yes No b Did the foundation, during the year, pay premiums, diretly or indiretly, on a personal benefit ontrat? 6b X If 'Yes' to 6b, file Form a At any time during the tax year, was the foundation a party to a prohibited tax shelter transation? [ Yes No b If 'Yes,' did the foundation reeive any proeeds or have any net inome attributable to the transati on? N/A 7 b Part VIII Information About Offiers, Diretors, Trustees, Foundation Managers, Highly Paid Employees, and Contrators 1 List all offiers. diretors. trustees. foundation managers and their ompensation (see instrutions). (b)title, and average ()Compensation (d) Contributions to (a) Name and address hours per week ( If not paid, employee benefit devoted to position enter -0-) plans and deferred ompensation See-Statement 9 (e) Expense aount, other allowanes 2 Comoensation of five hiahest-paid emolovees (other than those inluded on line 1 - see instrutionl. If none. enter 'NONE' (a) Name and address of eah employee paid more than $50,000 (b) Title, and average () Compensation None hours per week devoted to position (d)contributions to employee benefit plans and deferred ompensation (e) Expense aount, other allowanes Total number of other employees paid over $50, AA TEEA0306L 06/17114 Form 990-PF (2014)

7 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 7 IPart Vlll Information About Offiers, Diretors, Trustees, Foundation Managers, Highly Paid Employees, and Contrators (ontinued) 3 Five highest - paid independent ontrators for professional servies (see instrutions ). If none, enter ' NONE.' (a) Name and address of eah person paid more than $50,000 (b) Type of servie () Compensation None Total number of others reeiving over $50,000 for professional servies '1 0 ^Par_tJIX^!A Summary of Diret Charitable Ativities List the foundation's four largest diret haritable ativities during the tax year Inlude relevant statistial information suh as the number of I Expenses organi z ati o n s a n d ot h er b e n efiiaries served, onferenes onvened, researh papers produed, et. 1 N/A upar^t41 :X Summary of Program - Related Investments (see instrutions) Desribe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 Amount 1 N7i All other program-related investments See instrutions Total. Add lines 1 through BAA Form 990-PF (2014) TEEA0307L 06/17/14

8 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 8 Part X Minimum Investment Return (All domesti foundations must omplete this part. Foreign foundations, see instrutions.) 1 Fair market value of assets not used (or held for use) diretly in arrying out haritable, et, purposes. a Average monthly fair market value of seurities b Average of monthly ash balanes 1 b Fair market value of all other assets (see instrutions) 1 d Total (add lines 1 a, b, and ) 1 d e Redution laimed for blokage or other fators reported on lines la and l (attah detailed explanation) 1 e 2 Aquisition indebtedness appliable to line 1 assets 2 3 Subtrat line 2 from line 1 d Cash deemed held for haritable ativities. Enter 1-1/2% of line 3 (for greater amount, see instrutions) Net value of nonharitable-use assets. Subtrat line 4 from line 3. Enter here and on Part V, line Minimum investment return. Enter 5% of line 5. 6 Part Xl Distributable Amount (see instrutions) (Setion 49420)(3) and (j)(5) private operating foundations and ertain foreign organizations hek here and do not omplete this part.) 1 Minimum investment return from Part X, line 6 1 2a Tax on investment inome for 2014 from Part VI, line 5 2a 946a b Inome tax for (This does not inlude the tax from Part VI.) 2b Add lines 2a and 2b Distributable amount before adjustments. Subtrat line 2 from line Reoveries of amounts treated as qualifying distributions Add lines 3 and Dedution from distributable amount (see instrutions) 6 7 Distributable amount as adjusted Subtrat line 6 from line 5. Enter here and on Part XIII, line 1 7 Part XII Qualifying Distributions (see instrutions) 1 Amounts paid (inluding administrative expenses) to aomplish haritable, et, purposes: a Expenses, ontributions, gifts, et - total from Part I, olumn (d), line 26 1 a 4, 38 b Program-related investments - total from Part IX-B 1 b 2 Amounts paid to aquire assets used (or held for use) diretly in arrying out haritable, et, purposes 2 3 Amounts set aside for speifi haritable projets that satisfy the: a Suitability test (prior IRS approval required) 3a b Cash distribution test (attah the required sheduled 4 Qualifying distributions. Add lines 1a through 3b Enter here and on Part V, line 8, and Part XI 11, line 4 4 4, 38 5 Foundations that qualify under setion 4940(e) for the redued rate of tax on net investment inome Enter I% of Part I, line 27b (see instrutions) 5 6 Adjusted qualifying distributions. Subtrat line 5 from line 4 6 4, 38 Note. The amount on line 6 will be used in Part V, olumn (b), in subsequent years when alulating whether the foundation qualifies for the setion 4940(e) redution of tax in those years. BAA Form 990-PF (2014) la 3b TEEA0308L 06/17/14

9 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 9 Part XIII Undistributed Inome (see instrutions) (a) I (b) I () I (d) Corpus Years p rior to Distributable amount for 2014 from Part XI, line 7 2 Undistributed inome, if any, as of the end of 2014 a Enter amount for 2013 only b Total for prior years: Exess distributions arryover, if any, to 2014: a From 2009 b From 2010 From 2011 d From , 182. e From , 906. f Total of lines 3a through e 4 Qualifying distributions for 2014 from Part XII, line 4: 1 $ 4,38 a Applied to 2013, but not more than line 2a 13, b Applied to undistributed inome of prior years (Eletion required - see instrutions) Treated as distributions out of orpus (Eletion required - see instrutions) d Applied to 2014 distributable amount e Remaining amount distributed out of orpus 5 Exess distributions arryover applied to 2014 (If an amount appears in olumn (d), the same amount must be shown in olumn (a).) 4,38 6 Enter the net total of eah olumn as indiated below: a Corpus. Add lines 3f, 4, and 4e Subtrat line 5 17,468. b Prior years' undistributed inome. Subtrat line 4b from line 2b Enter the amount of prior years' undistributed inome for whih a notie of defiieny has been issued, or on whih the setion 4942(a) tax has been previously assessed d Subtrat line 6 from line 6b Taxable amount - see instrutions e Undistributed inome for 2013 Subtrat line 4a from line 2a. Taxable amount - see instrutions f Undistributed inome for 2014 Subtrat lines 4d and 5 from line 1 This amount must be distributed in Amounts treated as distributions out of orpus to satisfy requirements imposed by setion 170(b)(1)(F) or 4942(g)(3) (Eletion may be required - see instrutions) 8 Exess distributions arryover from 2009 not applied on line 5 or line 7 (see instrutions) 9 Exess distributions arryover to Subtrat lines 7 and 8 from line 6a 10 Analysis of line 9: a Exess from 2010 BAA b Exess from 2011 Exess from , 182. d Exess from , 906. e Exess from ,38 17,468 Form 990-PF (2014) TEEA0309L 12/10/14

10 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 10 ^aff OI.V Private O peratin g Foundations (see instrutions and Part VII -A, q uestion 9 ) N/A 1 a If the foundation has reeived a ruling or determination letter that it is a private operating foundation, and the ruling is effetive for 2014, enter the date of the ruling b Chek box to indiate whether the foundation is a private operating foundation desribed in setion 49420)(3) or 49420)(5) 2 a Enter the lesser of the adjusted net Tax year Prior 3 years inome from Part I or the minimum investment return from Part X for (a) 2014 (b) 2013 () 2012 (d) 2011 (e) Total eah year listed b 85% of line 2a Qualifying distributions from Part XII, line 4 for eah year listed d Amounts inluded in line 2 not used diretly for ative ondut of exempt ativities e Qualifying distributions made diretly for ative ondut of exem p t ativities. Subtrat line 2d from line 2 3 Complete 3a, b, or for the alternative test relied upon: a 'Assets ' alternative test - enter. (1) Value of all assets (2) Value of assets qualifying under setion )(3)(B)(i) b 'Endowment ' alternative test - enter 2/3 of minimum investment return shown in Part X, line 6 for eah year listed 'Support ' alternative test - enter. (1) Total support other than gross investment inome ( interest, dividends, rents, payments on seurities loans (setion 512(a)(5 )), or royalties) (2) Support from general publi and 5 or more exempt organizations as provided in setion 4942 ( I)(3)(B)(ui) (3) Largest amount of support from an exempt organization (4) Gross investment inome IPart3 Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year - see instrutions.) Information Regarding Foundation Managers: a List any managers of the foundation who have ontributed more than 2% of the total ontributions reeived by the foundation before the lose of any tax year (but only if they have ontributed more than $5,000) (See setion 507(d)(2) None b List any managers of the foundation who own 10% or more of the stok of a orporation (or an equally large portion of the ownership of a partnership or other entity) of whih the foundation has a 10% or greater interest. None 2 Information Regarding Contribution, Grant, Gift, Loan, Sholarship, et, Programs: Chek here I XX if the foundation only makes ontributions to preseleted haritable organizations and does not aept unsoliited requests for funds. If the foundation makes gifts, grants, et (see instrutions) to individuals or organizations under other onditions, omplete items 2a, b,, and d. a The name, address, and telephone number or address of the person to whom appliations should be addressed The form in whih appliations should be submitted and information and materials they should inlude: Any submission deadlines: Any restritions or limitations on awards, suh as by geographial areas, haritable fields, kinds of institutions, or other fators: BAA TEEA031OL 06117/14 Form 990-PF (2014)

11 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 11 IParltJ Supplementary Information (ontinued) 3 Grants and Contributions Paid During the Year or Approved for Future Payment If reipient is an individual, Reipient show any relationship to any Foundatio foundation manager or status of Name and address (home or business ) substantial ontributor reipient a Paid during the year Purpose of grant or ontribution Amount Total 3a b Approved for future payment Total 3 bi BAA TEEA0501L 06/17/14 Form 990-PF (2014)

12 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 12 Part XVI-A Analysis of Inome - Produing Ativities Enter gross amounts unless otherwise indiated Unrelated business inome Exluded by setion 512, 513, or 514 (e) (a) (b) () (d ) Related or exempt Business Amount Exlu- Amount funtion inome ode ode (See instrutions ) 1 Program servie revenue: a b d e If g Fees and ontrats from government agenies 2 Membership dues and assessments 3 Interest on savings and temporary ash investments Dividends and interest from seurities 53, Net rental inome or (loss) from real estate: a Debt-finaned property b Not debt-finaned property 6 Net rental inome or (loss) from personal property 7 Other investment inome 8 Gain or (loss) from sales of assets other than inventory 19, Net inome or (loss) from speial events 10 Gross profit or (loss) from sales of inventory 11 Other revenue: a b d e 12 Subtotal Add olumns (b), (d), and (e) 73, Total. Add line 12, olumns (b), (d), and (e) 13 73,035. (See worksheet in line 13 instrutions to verify alulations.) Part XV1-B Relationship of Ativities to the Aomplishment of Exempt Purposes t%aa TEEA0502L 06/17/14 Form 990-PF (2014)

13 Form 990-PF (2014) THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page 13 Part?VII Information Regarding Transfers To and Transations and Relationships With Nonharitable Exempt Organizations Yes No 1 Did the organization diretly or indiretly engage in any of the following with any other organization desribed in setion 501() of the Code (other than setion 501 ()(3) organizations) or in setion 527, relating to politial organizations? a Transfers from the reporting foundation to a nonharitable exempt organization of: (1) Cash 1 a (1) X (2) Other assets 1 a (2) X b Other transations- (1) Sales of assets to a nonharitable exempt organization 1 b (1) X (2) Purhases of assets from a nonharitable exempt organization 1 b (2) X (3) Rental of failities, 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) Performane of servies or membership or fundraising soliitations 1 b (6) X Sharing of failities, equipment, mailing lists, other assets, or paid employees 1 X d If the answer to any of the above is 'Yes,' omplete the following shedule. Column (b) should always show the fair market value of the goods, other assets, or servies given by the reporting foundation If the foundation reeived less than fair market value in J 2 a Is the foundation diretly or indiretly affiliated with, or related to, one or more tax-exempt organizations desribed in setion 501 () of the Code (other than setion 501 ()(3 )) or in setion 527? F]Yes 1XI No N/A b If 'Yes,' omplete the following shedule (a) Name of organization (b) Type of organization () Desription of relationship ign Here Under penalties of perjury, I delare that I have examined this return, inluding aompanying shedules and statements, and to the best of my knowledge and belief, it is true, orret aplete ed on all info Signature of offier or trustee ' PrinUType preparer s name P ayer's signature Paid TA M, Lf, i F Preparer Firm's name James M. Grai Use Only Firm's address 2756 W. Hwy 8 Sedona, AZ 86 BAA Date TEEA0503L

14 Shedule B (Form 990, 990-EZ, or 990-PF) Department of the Treasury Internal Revenue Servie Name of the organization Shedule of Contributors Attah to Form 990, Form 990-EZ, or Form 990-PF Information about Shedule B (Form 990, 990-EZ, 990-PF ) and its instrutions is at www. irs.gov/form99 OMB No Employer Identifiation number THE INSTITUTE FOR SPIRITUAL RESEARCH INC Organization type (hek one): Filers of: Setion: Form 990 or 990-EZ 501 ()( ) (enter number ) organization U 4947( a)(1) nonexempt haritable trust not treated as a private foundation U 527 politial organization Form 990 -PF X 501 ()(3 ) exempt private foundation U 4947( a)(1) nonexempt haritable trust treated as a private foundation U 501 ()(3) taxable private foundation Chek if your organization is overed by the General Rule or a Speial Rule Note. Only a setion 501()(7), (8), or (10) organization an hek boxes for both the General Rule and a Speial Rule See Instrutions. General Rule F For an organization filing Form 990, 990-EZ, or 990-PF that reeived, during the year, ontributions totaling $5,000 or more (in money or property) from any one ontributor. Complete Parts I and II See instrutions for determining a ontributor's total ontributions Speial Rules U For an organization desribed in setion 501()(3) filing Form 990 or 990-EZ that met the 33-1/3% support test of the regulations under setions 509(a)(1) and 170(b)(1)(A)(vi), that heked Shedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that reeived from any one ontributor, during the year, total ontributions of the greater of (1) $5,000 or (2) 2% of the amount on (I) Form 990, Part VIII, line 1 h, or (ii) Form 990-EZ, line 1 Complete Parts I and II U For an organization desribed in setion 501 ( )(7), (8), or (10) filing Form 990 or EZ that reeived from any one ontributor, during the year, total ontributions of more than $ 1,000 exlus i vely for religious, haritable, sientifi, literary, or eduational purposes, or for the prevention of ruelty to hildren or animals. Complete Parts I, II, and III q For an organization desribed in setion 501()(7), (8), or (10) filing Form 990 or 990-EZ that reeived from any one ontributor, during the year, ontributions exlusively for religious, haritable, et, purposes, but no suh ontributions totaled more than $1,00 If this box is heked, enter here the total ontributions that were reeived during the year for an exlusively religious, haritable, et, purpose. Do not omplete any of the parts unless the General Rule applies to this organization be use it reeived nonexlus/vely religious, haritable, et., ontributions totaling $5,000 or more during the year M.- t Caution : An organization that is not overed by the General Rule and/or the Speial Rules does not file Shedule B (Form 990, 990-EZ, or 990-PF), but it must answer 'No' on Part IV, line 2, of its Form 990, or hek the box on line H of Its Form 990-EZ or on its Form 990-PF, Part I, line 2, to ertify that it does not meet the filing requirements of Shedule B (Form 990, 990-EZ, or 990-PF) BAA For Paperwork Redution At Notie, see the Instrutions for Form 990, 990EZ, or 990-PF. Shedule B (Form 990, 990-EZ, or 990-PF) (2014) TEEA0701L 11/13/14

15 Shedule B (Form 990, 990-EZ, or 990 -PF) ( of 1 of Part 1 Name of organization Employer identifiation number THE I NSTITUTE FOR SPIRITUAL RESEARCH INC Part I Contributors (see instrutions). Use dupliate opies of Part I if additional spae is needed a b Num ber Name, addre ss, and ZIP + 4 Total Type of ontribution ontributions Person 1 WILBERT S. -FOLDS TRUST Payroll 2785 FLORIBUNDA DR $10,000_ Nonash ^X El COLUMBUS,_OH nonashtontributions ) a Num bs ber Name, address, and ZIP + 4 () Total ontributions Type of ontribution Person 2 L.J. MUFFETT Payroll 662 MEREDITH LN Nonash 191 q CAHOLLS OH ashontributions.) a bs dn Num ber Name, addre s, and ZIP + 4 Type of o tribution Person Payroll Nonash Q a bs Num ber Name, address, and ZIP + 4 Total ontributions (Complete Part II for nonash ontributions) dn Type of ontribution Person Payroll $ Nonash El Person Payroll Li (Complete Part II for nonash ontributions (a) (b) () (d) Number Name, address, and ZIP + 4 Total Type of ontribution ontributions Nonash Li El Complete Part II for nonash ontributions.) a bs dn Num ber Name, address, and ZIP + 4 Total Type of ontribution ontributions Person Payroll Nonash Li (Complete Part II for nonash ontributions t$aa TEEA0702L 07/17/14 5neoule 8 (Form 990, 990-EZ, or 990 -PF) (2014)

16 Shedule B (Form 990, 990-EZ, or 990 -PF) (2014) Page 1 to 1 of Part II Name of organization Employer Identifiation number THE INSTITUTE FOR SPIRITUAL RESEARCH INC Part II Nonash Property (see instrutions). Use dupliate opies of Part tl if additional spae is needed (a) No. (b) () (d) from Desription of nonash property given FMV (or estimate Date reeived Part I (see instrutions) N/A $ (a) No. (b ) () (d) from Desription of nonash property given FMV (or estimate ) Date reeived Part I (see instrutions) ( a) No. (b) () (d) from Desription of nonash property given FMV (or estimate) Date reeived Part I (see instrutions) ( a) No. (b) () (d) from Desription of nonash property given FMV (or estimate ) Date reeived Part I (see instrutions) (a) No. (b) () (d) from Desription of nonash property given FMV (or estimate ) Date reeived Part I (see instrutions) (a) No. (b ) () (d) from Desription of nonash property given FMV (or estimate ) Date reeived Part I (see instrutions) BAA Shed ule B (Form EZ. or 990-PF) (2014) TEEA0703L 07/14/14

17 Shedule B (Form 990, 990-EZ, or to 1 of Part III Name of organization Employer Identifiation number THE INSTITUTE FOR SPIRITUAL RESEARCH INC IPaU III Exlusively religious, haritable, et., ontributions to organizations desribed in setion 501 ()(7), (8) or (10) that total more than $1,000 for the year from any one ontributor. Complete olumns (a) through (e) and the following line entry For organizations ompleting Part III, enter the total of exlusively religious, haritable, et., ontributions of $1,000 or less for the year. (Enter this information one See instrutions) $ _ - A Use dupliate opies of Part III if additional spae is needed (a) b No. from Purpose of gift Use () d gift Desription of how gift is held Part I ---- N/A (e) Transfer of gift Transferee 's name, address, and ZIP + 4 Relationship of transferor to transferee a No. from Part I ---- b Purpose of gift (d) Useof gift Desription of how gift is held (e) Transfer of gift Transferee ' s name, address, and ZIP + 4 Relationship of transferor to transferee No. from Part I Purpose of gift Useof gift d Desription of how gift is held (e) Transfer of gift Transferee 's name, address, and ZIP + 4 Relationship of transferor to transferee (a) No. from Part 1 (b) Purpose of gift () Use of gift (d) Desription of how gift is held (e) Transfer of gift Transferee's name, address, and ZIP + 4 Relationship of transferor to transferee BAA Shedule B (Form 990, 990-EZ, or 990-PF) (2014) TEEA /13/14

18 2014 Federal Statements Page 1 THE INSTITUTE FOR SPIRITUAL RESEARCH INC Statement 1 Form PF, Part I, Legal Fees Line 16a (a) (b) Net (C) (d) Investment Adjusted Inome Net Inome Expenses Per Books Charitable Purposes $ 3, 107. Total 3,107. $ Statement 2 Form 990-PF, Part I, Aounting Fees Line 16b (a) (b) Net (C) (d) Expenses Investment Adjusted Charitable per Books Inome Net Inome Purposes $ 1, 10 Total 1,10 Statement 3 Form PF, Part I, Line 16 Other Professional Fees (a) (b) Net () (d) Expenses Investment Adjusted Charitable per Books Inome Net Inome Purposes BROKER FEES $ 25,745. $ 25,745. Total $ 25,745. $ 25,745. $ $ Statement 4 Form PF, Part I, Line 18 Taxes (a) (b) Net () (d) Expenses Investment Adjusted Charitable per Books Inome Net Inome Purposes INCOME TAXES $ 4,483. Total $ 4,483. $ $ $ Statement 5 Form PF, Part I, Line 19 Alloated Depreiation Date Cost Prior Yr Current Net Invest Adjusted Aquired Basis Depr Method Rate Life Yr Depr Inome - Net Inome LEASEHOLD IMPROVEMENTS 1/01/11 7,612 3,254 S/L 7 1, LEASEHOLD IMPROVEMENTS

19 2014 Federal Statements Page 2 THE INSTITUTE FOR SPIRITUAL RESEARCH INC Statement 5 (ontinued) Form PF, Part I, Line 19 Alloated Depreiation Date Cost Prior Yr Current Net Invest Adjusted Aquired Basis Depr Me thod Rate Life Yr Depr Inome - N et Inome 1/31/12 17,132 4,690 S/L 7 2, COMPUTER 3/03/12 2, S/L Statement 6 Form PF, Part I, Line 23 Other Expenses (a) (b) Net () (d) Expenses Investment Adjusted Charitable per Books Inome Net Inome Purposes DUES $ 1 MISCELLANEOUS 944. OUTSIDE SERVICES 30 UTILITIES 791. Total $ 2,045. $ $ $ Statement 7 Form PF, Part II, Line 14 Land, Buildings, and Equipment Aum. Book Fair Market Category Ba sis Depre. Value Value Mahinery and Equipment $ 39,197. $ 39,197. $ $ Improvements 24, , , ,133. Total $ 63,941. $ 49,808. $ 14,133. $ 14,133. Statement 8 Form PF, Part VII -A, Line 10 Substantial Contributors During the Tax Year Name of Substantial Contributor Address of Substantial Contribu tor THE WILBERT S. FOLDS TRUST 2785 FLORIBUNDA DR. COLUMBUS, OH L.J. MUFFETT 662 MEREDITH LN. CUYAHOGA FALLS, OH

20 12014 Federal Statements THE INSTITUTE FOR SPIRITUAL RESEARCH INC Page Statement 9 Form 990-PF, Part VIII, Line 1 List of Offiers, Diretors, Trustees, and Key Employees Name and Address Title and Contri- Expense Average Hours Compensation EBP & DC bution to Aount/ Per Week Devoted Other SUSAN HAWKINS President $ $ $ 151 KELLER LN SEDONA, AZ WALLY ARNOLD Vie President 224 OREGON ST EL SEGUNDO, CA ETHEL KALLENBACH Diretor 8656 E. ONYX AVE SCOTTSDALE, AZ KATHY ARNOLD Seretary 224 OREGON ST EL SEGUNDO, CA JANICE CHILDRESS Treasurer 4557 W. STONEMAN DR ANTHEM, AZ Total $ $ $ 1