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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>12670</OtherCostOrOtherBasis>
        <Depreciation>11579</Depreciation>
        <BookValue>1091</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>1091</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>PREPAID ENTRY FEES</Description>
        <Amount>2975</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>2975</TotalOfAmounts>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>FLY FISHING CONTEST</NameOfEvent1>
        <GrossReceiptsEvent1>400230</GrossReceiptsEvent1>
        <CharitableContributionsEvent1>120175</CharitableContributionsEvent1>
        <GrossRevenueEvent1>280055</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>209094</OtherDirectExpensesEvent1>
        <GrossReceiptsTotal>400230</GrossReceiptsTotal>
        <CharitableContributionsTotal>120175</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>280055</GrossRevenueTotalEvents>
        <OtherDirectExpensesTotalEvents>209094</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>209094</DirectExpenseSummaryEvents>
        <NetIncomeSummary>70961</NetIncomeSummary>
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    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>0</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>JACKSON HOLE ONE FLY CAPITAL FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 4158</AddressLine1>
          <City>JACKSON</City>
          <State>WY</State>
          <ZIPCode>830014158</ZIPCode>
        </AddressUS>
        <EINOfRecipient>300184388</EINOfRecipient>
        <AmountOfCashGrant>120000</AmountOfCashGrant>
        <PurposeOfGrant>TROUT AND TROUT HABITAT CONSERVATION</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>A DIRECTOR REVIEWS THE FORM 990 AND SIGNS IT PRIOR TO MAILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE JACKSON HOLE ONE FLY FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. INTERESTED PARTIES MAY WRITE TO THE ORGANIZATION AT P.O. BOX 4158, JACKSON, WY 83001 TO REQUEST COPIES OF THESE DOCUMENTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER METHOD OF ACCOUNTING</Identifier>
        <ReturnReference>FORM 990. PART XI, LINE 1</ReturnReference>
        <Explanation>ACCOUNTING METHOD IS MODIFIED ACCRUAL</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>JACKSON HOLE ONE FLY CAPITAL FOUNDATION</BusinessNameLine1>
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          <AddressLine1>PO BOX 4158</AddressLine1>
          <City>JACKSON</City>
          <State>WY</State>
          <ZIPCode>83001</ZIPCode>
        </AddressUS>
        <EIN>300184388</EIN>
        <PrimaryActivities>TO ENHANCE HABITAT FOR TROUT AND WILDFOWL IN THE SNAKE RIVER DRAINAGE</PrimaryActivities>
        <LegalDomicileState>WY</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>170(B)(1) (A)(VI)</PublicCharityStatus>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>0</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
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</Return>