Form
Exempt Organization Business lncome Tax Return
990-T
For calendar year 2014 or other tax year beginning
~
Department of the Treasury
lnternal Revenue Service
408(e)
408A
529(a)
e
'
2014
20 1 5
Check box if na me changed and see instructions.
B
3)
220(e)
530(a)
Print THE AGRI CULTURAL FOUNDATION OF
or CALIFORNIA STATE UNI VERSITY 1 FRESNO
Type 2771 EAST SHAW AVENUE
FRESN0 1 CA 93710
~en l o Public lns~ection lor
1(cX3) Organiza 'ons Only
D
Employer identification numb er
(Employees' trus!, see
mstruct1ons.)
E
Unrelated business activity
codes (See instructions.)
514281738.
H Desenbe the or_ganrzat1on's ~nma ry unrelated busmess aetrv1ty.
FLORAL SALES WINE SALES
1
1
I
94 - 6000669
4 53000
F Group exemption number (See instruetions.) ~
G Cheek organization type..... .... ~ 501 (e) eorporation
Book value of ali assets at
end of year
~
6/30
2014, and ending
lnformation about Form 990-T and its instructions is available at www.irs.gov/form990t.
~ Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c)(3).
B Exempt under seetion
~501 ( e )(
7/0 1
o
0 Check
box if
address changed
A
OMB No. 1545-0687
(and proxy tax under section 6033(e))
0501(e) trust
445200
D Other trust
0401 (a) trust
FARM MARKET
During the tax year, was the eorporation a subsidiary in an affiliated group or a parent-subsidiary eontrolled group? . . . .,. O Yes
~No
lf 'Yes,' enter the name and identifying number of the parent eorporation.. . .,.
The books are in eare of ~
J
I Part I
1 Unrelated
KATE TUCKNESS
Trade or Business lncome
1 a Gross receipts or sales .. .
7781204 .
b Less returns and allowances .. . .
e Balanee ~
2 Cost of goods sold (Sehedule A, line 7) ..... .. .. . . ...........
3 Gross profit. Subtraet li ne 2 from line 1e. . ...... . . . ..........
4 a Capital gain net ineome (attaeh Sehedule O) .. ........... ....
b Net gain (loss) (Form 4797, Part 11, li ne 17) (attach Form 4797) ............
e Capital loss deduetion for trusts ..... . . . . . . . . . .... . . ..... . . . .
5 lncome (loss) from partnerships and S eorporations
(attaeh statement). ..... . . . . ' ' . ... ' ....... ' ... . . . . . . . . . . . . . .
6 Rent ineome (Sehedule C) . . . .... .. . . . ..... . . ........... ....
7 Unrelated debt-finaneed ineome (Sehedule E).... . .. . .... . .. .
8
lnterest, annuities, royalties, and rents from controlled organizations (Schedule F)
9 lnvestment income of a section 501 (c)(7), (9), or (17) organizatíon (Sch G) . . .
10 Exploited exe mpt aetivíty ineome (Sehed ule I) .. . .. . . ........
11 Advertising ineome (Schedule J) . . . . ...... .... . . .. . . ... . . ...
12 Other ineome (See instruetions; attaeh sehedule). .. ...... ... .
13 Total. Combine lines 3 through 12 ..... ........... . . ... ..... .
IPart 11
(A) lncome
1c
2
3
Telephone numbe r ~ 559 - 278-0803
(8) Expenses
(C) Net
!
7781204.
3 151 772.
46 2 1432.
46214 3 2 .
4a
4b
4c
5
6
7
8
9
10
11
12
13
462 432 .
O.
462 432.
1Deductions
Not Taken Elsewhere <?ee instructians far limitatians an deductians) (Except far
cantnbutrans, deduct1ans must be d1rectl cannected w1th the unrelated bus1ness 1ncame.)
14 Compensation of offieers, direetors, and trustees (Sehedule K). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
Salaries and wages ....... . . . . . . . . . . ...... .. . ..... . . ....... ... . .. ...... . .. ....... .... . ....... .. ...... . .
18
lnterest (attaeh sehedule). . . . .. .. . ....... . ..... .. . . .. ... . . . . .. . . ....... ....... . ...... . .. . ..... ...... ....
14
r---r----------------
15
258 1 200.
~~----~~~~~
16 Repairs and maintenanee........ .. ..... .. ... . ....... . . ... . . ... .. ..... . . . . . . ... ....... . . . . . .... . . ... .. .. 16
32 1 398.
17 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t-17
- -t--------...;:_::'-'--=-=--=-=19 Taxes and lieenses....... ... ....... . . .... ........... .... . .. ... ... .. .. . ... .. . . . ... .. . . .... ....... ...... .
20 Charitable eontributions (See instruetions for limitation rules) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Depreeiation (attaeh Form 4562) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
19 1 8 2 4 .
22 Less depreeiation claimed on Sehedule A and elsewhere on return . . . . . . . . . . . . . 22 a
18
t----t----------------19
~~--------------
20
r--+-------------22 b
191824.
23
t----t----------------Contributions to deferred eompensation plans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
~~-------------Employee benefit programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
21 1 2 O1 .
1----t--------~'-'--~~
Exeess exempt expenses (Sehedule 1). . . . • . • • . . • • . . . . . . • • . . . . . . . . . . . • • . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Exeess readership costs (Sehedule J) . . . . . . . . . . • • . . . . . . . • . . . . . . . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~~-------------27
Other deduetions (attach sehedu le) . ... . . . . ... . . .... . . . . .. . .. ..... . .. .. . . . . ... ..... $~E;! .. S:ti?-:tE;!~E;!Pt. ) . r 2"8
';;-t- - - -- -1
::-2
;:-;;9"'"0
= -.
1 "3'"0
Total deductions. Add lines 14 through 28.......... . . . . . . .. .... ... .. .. . . . .... ...... .. ... .......... . . .... 29
460 1 923 .
Unrelated business taxable ineome before net operating loss deduction. Subtraet lin e 29 from line 13 . . .. . . . f--=30
: :--t------___::;.::_:1'-'1'--5=-=-0.::.9-'.
Net operating loss deduetion (limited to the amount on line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Unrelated business taxable ineome before speeifie deduetion. Subtraet line 31 from line 30 . . ... . . . . . ... . . .. t---::.
32
; :;-t----------::1:-1-5=-=o-=9-.
Speeifie deduetion (Generally $1,000, but see line 33 instructions for exeeptions). . . ... . .. . . . .. . .. . . . ..... .. 33
1 1 000 .
23 Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
25
26
27
28
29
30
31
32
33
34 Unrelated business taxable income. Subtract line 33 from line 32. lf line 33 is greater than line 32, enter the smaller of zero or li ne 32 . .
TEEA0205L 09/16/14
BAA For Paperwork Reduction Act Notice, see instructions.
~~--------~~~
34
5O 9 .
Form 990-T (2014)
THE AGRICULTURAL FOUNDATION OF
Computation
111
1Tax
Page 2
94 - 6000669
Form 990-T (2014)
1 Part
35 Organizations Taxable as Corporations. See instructions for tax computation.
Controlled group members (sections 1561 and 1563) check here ... O See instruetions and:
a Enter your share of the $50,000, $25,000, and $9,925,000 taxable income brackets (in that order):
I
I
c1 > I$
<2> I$
<3> I$
I
b Enter organ ization's share of: (1) Additiona l 5% tax (not more than $11 ,750).... .. I$
(2) Additional 3% tax (not more than $1 00,000) .. ... ............. .... ......... . I$
e lncome tax on the amount on line 34 .......... . .. .... .......... ..... . ........ . .. . ............. . . . .....
36 Trusts Taxable at Trust Rates. See instructions for !ax computation. lncome tax on the amount
Schedule D (Form 1041)..... . ............... .... ....
on line 34 from:
O Tax rate schedule or
37 Proxy tax. See instructions .................................................. . . . ... ..... ... . . . . ... .. ..
38 Alternative minimum tax ...... ........ ... ........................ . ....... . . . . . . . . . ..... . . . . . .. .. . ..... .
. .. .. . .. .. . . .. .. ..
39 Total. Add lines 37 and 38 lo li ne 35c or 36, whichever applies .... .. ..... .. ... . .
...
...
...
D
...
.. .
35e
76 .
36
37
38
39
76 .
40e
41
76.
42
43
76.
45
1 844 .
IPartiV I Tax and Payments
40 a Foreign tax credit (corporations attach Form 1118; trusts attach Form 1116) ... 40a
b Other credits (see instructions)........ . . ............. .... ......... ..... ..... 40b
e General business credit. Attach Form 3800 (see instructions) ... . . . . ..... . . . .. 40e
d Credit for prior year minimum tax (attach Form 8801 or 8827) ... ...... .... .. '. 40d
e Total eredits. Add lines 40a through 40d ......... . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . .. . . . . . . .
41 Subtract line 40e from line 39 .................... .... ....... . . ....... ....... ......... . .. ......... . .....
Form 4255
Form 8611
Form 8697
Form 8866
42 Other taxes. Check if from:
O Other (attach schedule) ......................................................................... . ..
43 Total tax. Add lines 41 and 42 ............... ... . . . . . . . . . . . . . . .. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...... ' .
44a Payments: A 2013 overpayment credited lo 2014 .......... . ...... .. ......... . 44a
1 844 .
b 2014 estimated tax payments ........... ......... .. ...... . ....... . ..... . . ... 44b
e Tax deposited with Form 8868 .................................. ... ......... 44e
d Foreign organizations: Tax paid or withheld at source (see instructions) . ...... 44d
e Backup withholding (see instructions)............................ . ... . . .... .. 44e
f Credit for small employer health insurance prem iums (Attach Form 8941 ) . ' ... 44f
g Other credits and payments:
0Form 2439
..
D
D
D
D
.
o.
...
44g
Total. ..
OOther
45 Total payments. Add lines 44a through 44g . . ........ . ........... . . . ... . . . ...... . ..... . . . ........... . ...
46 Estimated tax penalty (see instructions). Check if Form 2220 is attached ......................... . ..
47 Tax due. lf li ne 45 is less than the total of lines 43 and 46, enter amount owed .. .... ..... ....... . ........
48 Overpayment. lf line 45 is larger than the total of lines 43 and 46, enter amount overpaid ... ... .......... .,_
Refunded .,_
49 Enter the amount of line 48 you want: Credited to 2015 estimated tax .,_
O Form 4136
... D
...
I
46
47
48
1 768 .
1 768.
49
1
V 1 Statements Regarding Certain Activities and Other lnformation (see instructions)
At any !ime during the 2014 calendar year, did the organization have an interest in or a signature or other authority aver a
Yes
financial account (bank, securities, or other) in a foreign country? lf YES, the organization may have lo fi le FinCEN Form 114,
Report of Foreign Bank and Financial Accounts. lf YES, enter the name of the foreign country here ... _________ _ __
2
During the tax year, did the organization receive a distribution from, or was il the grantor of , or transferor to, a foreign trus!?
3
lf YES , see instructions for other forms the orga nization may have lo file .
Enter the amount of tax-exempl interest received or accrued during the tax year ...
1Part
Schedule A - Cost of Goods Sold. Enter method of 1nventory valuat1on ..,..
1 lnventory at beg inning of year..........
2 Purchases ............................
3 Cast of labor..........................
.... . .................. ' ........ .. ....
(attach sch). .
. . . ...... ... . . ...... .
... .
5 Total. Add li n~ugh 4b ..........
Sign
Here
Paid
Pre~arer
se
Only
BAA
o.
I
1
6
lnventory at end of year. ......
6
7
Cost of goods sold. Subtract
line 6 from line 5. Enter here
and in Part I, line 2 ........ ...
7
315 ,772.
4b
5
315 ,772.
Yes
4a
8
315 ,772 .
X
X
COST
2
3
4 a Additional section 263A costs (attach schedule)
b Other costs
$
No
Do the rules of section 263A (with respect to
property produced or acquired for resale) apply
ta the organization? . ........... ........... ...
No
X
Und? :al
· z r e ~~ exam1ned lhis return, 1nclud10g accompany103 schedules and statements, and to lhe best of my knowfedge and
; ( : , 1 1~ct , and e .~te. De
tian of preparer (other than taxpayer) is base on all information of which preparer has any knowledge.
•
Slgflatufe of officer
~
Date
CPA CFE
Price Paiae and Comlanv
Fausto Hinoiosa
...
Firm's address .,_
~ Chairman
"-"
ID~t~ (<_ I Lf
o
II'Aay me IHs a1scuss tn.'s return with
the preparar shown below (see
instructions)?
Yes
No
[RJ
Title
r~r~
PrinVType preparer's name
Firm's name
I JZ ·- 11- I.)-
Check
O
if
self·employed
Firm's EIN .,_
I PTIN
P00196912
77 - 0203007
677 Scott Avenue
Clovis
Phone no.
CA 93612
TEEA0202L
09116114
(559 ) 299-9540
Form 990-T (2014)
THE AGRICULTURAL FOUNDATION OF
94 - 6000669
Schedule C - Rent lncome (From Real Property and Personal Property Leased With Real Property) (see
Form 990-T (2014)
1
Page 3
instructions)
Description of property
(1)
(2)
(3)
(4)
2 Rent received or accrued
(a) From personal property
(if the percentage of rent for personal
property is more than 10% but not
more than 50 %)
3(a) Deductions directly connected with
the income in columns 2(a) and 2(b)
(attach schedule)
(b) From real and personal property
(if the percentage of rent for personal
property exceeds 50% or if the rent is
based on profit or income)
(1)
(2)
(3)
(4)
Total
Total
(e) Total income. Add totals of columns 2(a) and 2(b). Enter
here and on page 1, Part I, line 6, col umn (A) . . ...... .. . . . .
(b) Total deductions. Enter
líere and an page 1, Part
I, li ne 6, column (B) ..... ....
....
Schedule E - Unrelated Debt-Fmanced lncome (see
1nstruc!Jons)
3 Deductions directly connected with or allocable to
debt-financed property
2 Gross income from
or allocable to debt financed property
1 Description of debt-financed property
(a) Straight li ne
depreciation (attach sch)
(b) Other deductions
(attach schedule)
7 Gross income
reportable (column 2 x
column 6)
8 Allocable deductions
(column 6 x total of
columns 3(a) and 3(b))
(1)
(2)
(3)
(4)
4 Amount of average
acquisition debt on or
allocable to debt-financed
property (attach schedule)
5 Average adjusted basis of
or allocable to debt-financed
property (attach schedule)
6 Column 4
divided ~
column
(1)
(2)
!!o
(3)
!!-o
(4)
!!-o
!!-o
Enter here and on page 1, Enter here and on page 1,
Part I, line 7, column (A). Part I, line 7, column (B) .
Totals ... . ... ........ ........... . .. . . . ..... ........ . .. . . . . . . . . . . .. ... . .. . . ... . . .. .
....
Total dividends-received deductions included in col umn 8.. . . . . . . . . . . . . . . . . . . . . . . . . ' . . . . . . . . . . . . . . . . . .... .. ' .
Schedule F -
....
..
lnterest, Annwt1es, Royaltles, and Rents From Controlled Orgamzat1ons (see instructions)
Exempt Controlled Organizations
1 Name of controlled
organization
2 Employer
identification
number
3 Net unrelated
income (loss)
(see instructions)
4 Total of specified
payments made
5 Part of column 4
that is included in
the controlling
organization's
gross income
6 Deductions directly
connected with
income in column 5
(1)
(2)
(3)
(4)
Nonexempt Controlled Organ1zat1ons
7 Taxable lncome
8 Net unrelated
income (loss)
(see instructions)
1O Part of column 9 that is
included in the controlling
organization's gross income
11 Deductions directly
connected with income
in column 10
Add columns 5 and 1O. Enter
here and on page 1, Part I, lin e
8, column (A).
Add columns 6 and 11. Enter
here and on page 1, Part I, li ne
8, column (B) .
9 Total of specified
payments made
(1)
(2)
(3)
(4)
Totals ... ......... . .... . . .... . . ...... . . ...... ....... . . ....... .. . . ... . ..
BAA
TEEA0203L 09116114
Form 990-T (2014)
THE AGRICULTURAL FOUNDATION OF
94- 6000669
Schedule G - lnvestment lncome of a Section 501(c)(7), (9), or (17) Organization (see instructions)
Form 990-T (2014)
3 Deductions
directly connected
(attach schedule)
2 Amount of income
1 Description of income
4 Set-asides
(attach schedule)
Page 4
5 Total deductions and
set -asides (column 3
plus column 4)
(1 )
(2)
(3)
(4)
Enter here and an page 1,
Part I, line 9, column (A) .
Totals ........ .... .......... . . ...
Enter here and on page 1,
Part I, line 9, column (8 ).
...
Schedule I - Explorted Exempt Actrvrty lncome, Other Than Advertrsmg lncome (see 1nstruct1ons)
2 Gross
unrelated
business
income from
trade or
business
1 Description of exploited activity
3 Expenses directly
connected with
production
of unrelated
business income
4 Net income (loss) 5 Gross income tram 6 Expenses
tram unrelated trade activity that is nat attributable ta
column 5
or business (column unrelated business
income
2 minus column 3).
lf a gain compute
columns ~ through 7.
7 Excess exempt
expenses (column 6
minus column 5, but
nat more than
column 4).
(1)
(2)
(3)
(4)
Totals ........ .................... .
...
Enter here and Enter here and
an page 1,
an f.age 1,
Part , l1ne 1O, Part I, l1ne 10,
column (A) .
column (8).
Enter here and
on page 1,
Part 11 , line 26.
Schedule J - Advertrsing lncome (See instructions)
l lncome From Periodicals Reported on a Consolidated Basis
IPart I
2 Gross
advertising
income
1 Name of periodical
3 Direct
advertising
costs
4 Advertising gain or
(loss) (col 2 minus
col 3). lf a gain,
compute col 5
throuoh 7.
5 Circulation
income
6 Readership
costs
7 Excess readership
costs (col 6 minus col
5, but not more than
col4).
(1)
(2)
(3)
(4)
Totals (carry to Part li , li ne (5)) .. .. .
IPart 11
...
l lncome From Periodicals Reported on a Separate Basis (For each periodical listed in Part 11 , fi ll in columns 2 through
7 an a l1ne-by-ilne bas1s )
2 Gross
advertising
income
1 Name of periodical
3 Direct
advertising
costs
4 Advertising gain or
(loss) (col 2 minus
col 3). lf a gain,
compute cols 5
through 7.
5 Circulation
income
6 Readership
costs
7 Excess readership
costs (col 6 minus col
5, but not more than
col 4).
(1)
(2)
(3)
(4)
(5)Totals tram Part I
Totals, Part li (lines 1-5) . . ....... ...
...
Enter here and Enter here and
on page 1,
an f.age 1,
Part , li ne 11, Part I, l1ne 11 ,
column (A)
column (8 ) .
Enter here and
on page 1,
Part 11, lin e 27.
Schedule K - Compensatron of Offrcers, Drrectors, and Trustees (see mstruct10ns)
1 Name
2 Title
3 Percent of
time devoted
ta business
4 Compensation attributa ble
ta unrelated business
%
%
%
%
TotaL Enter here andan page 1, Part 11, line 14.......................... . .. _..... __ ........ . . .. . _..... . . . ...
BAA
TEEA0204 L 09116/14
Form 990-T (2014)
2014
Federal Statements
Page 1
THE AGRICULTURAL FOUNDATION OF
CALIFORNIA STATE UNIVERSITY, FRESNO
94-6000669
Statement 1
Form 990-T, Part 11, Line 28
Other Deductions
ADMINISTRATIVE FEES. ..... . . . . .... . .... . .. ..... .... ... .. .. .. . . .. . . ...... ..... .................. . . $
ADVERTISING. ....... ...... .... .... . . .. .. . .. . . . . . . . .... . ............ . . . .... . . . ...... . . . . . ... . . . . . . .. . .
CREDIT CARD EXPENSE . ... ... . .. .. . .. ......... .. . . . . ........ . . .... ........ . . .... .... . .. ... . . ... .. .
DUES ..... ..... ............... .. ...... .. .... .. . . .. . .. .. .. .. .. . . . . .. .. .. .. .. .. .. .. .. .. .. .. .. .. . .. .. .. .. .
INSURANCE.......... . . . . ........ ... . ..... . ...... .. .. ................ .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
JANITORIAL ...... .. . . . ...... .... . . ...... . ........ . ................. . ....... . . . . . ................. . ...
MISCELLANEOUS........ ....... .. . . ................ . ................ . ....... . ............... . .........
OFFICE SUPPLIES........ .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
OH ALLOCATION.... . . .. .. . .. . .. ........ .. . . . . .. .. .. . .. . . .. .. ... ........ ... ... .. ... .. ..... . .. ... .. ....
POSTAGE/ FREIGHT. . ...... .. .... . . .... . . . . ...... . ........ .. . ...... . . ... .... . . .. .... . ...... .. . . . . . . . . .
PUBLIC RELATIONS ..... ......... ....... ....... .. . . . . . . . . .. . . . . . . .. .. . . . . .. . . . . . . .. . . . . . . .. . . . . . .. . .
SHRINKAGE. ............... ..... .... . ... . . . ......... . . ... . . . . . ..... .. ........ ... .... . . . . . . . . . . .. . . . . . . .
SUPPLIES .. ....... ......... . . ..... ....... . ................ . ................. . ............... . .. . ......
TRAVEL .... ... . . ..... . ...... . .. . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
UNIFORM$ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
UTILITIES.... .. ..... . ................... . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
VEHICLE RENTAL ....... .. . ...... . ...... . ..... ...... . .... . . ... .... . .... ... . . . ..... . .... ... . ....... . . .
Total $
10 1
81
18 1
51
863.
280.
924 .
237 .
353.
4 1 335 .
7 I 696.
1 1 720.
12 1 646.
4 1 914.
1 1 200.
972.
25 1 017.
908.
28 .
24 I 7 93.
1 414.
129 1 300.
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