Return of Private Foundation
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Return of Private Foundation OMB No 1545-0052 Form -PF ,990 or Section 4947(aXl) Nonexempt Charitable Trust Treated as a Private Foundation 200 6 Department of the Treasury -Note: The foundation may be able to use a copy of this return to satisfy state V Internal Revenue Service reporting requirements For calendar year 2006, or tax year beginning 9/01 , 2006, and endin g 8/31 , 2007 G Check all that aooly Initial return Final return Amended return Address chance Name chance A Employer identification number Use the IRS label . CHEHEBAR FAMILY FOUNDATION, INC. 13-3178015 Otherwise, 1000 PENNSYLVANIA AVENUE B Telephone number (see instructions) print ortype BROOKLYN, NY 11207-8417 ( 718) 485-3000 See Specific C If exemption application is pending, check here 01 Instructions D 1 Foreign organizations, check here 0. H Check type of organization Z_Section 501(6)(3) exempt private foundation 2 Foreign organizations meeting the 85% test check q here Section 4947(a)(1) nonexem pt charitable trust Other taxable p rivate foundation and attach computation E If private foundation status terminated q value Cash X Accrual was Fair market of all assets at end of year J Accounting method under section 507(b)(1)(A), check here (from Part Il, column (c), line 16) Other (specify) _ _ _ _ _ _ _ _ _ _ _ _ _ F If the foundation is in a 60-month termination 0. $ 7, 933, 559. (Part if, column (d) must be on cash basis) under section 507(b)(1)(B), check here Part I Analysis of Revenue and (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements Expenses (The total of amounts in expenses per books income income for charitable columns (b), (c), and (d) may not neces- purposes sarily equal the amounts in column (a) (cash basis only) (see Instructions) ) 1 Contributions, gifts, grants, etc, received (aft sch) 4,207,003. 2 Ck ^ if the foundn is not req to att Sch B 3 Interest on savings and temporary cash investments 337, 997. 337, 997. 4 Dividends and interest from securities 2, 014. 2,014. 5a Gross rents b Net rental income or (loss) 6a Net gainl(loss) from sale of assets not on line 10. -219,825. R b Gross sales price for all 315,849. y E assets on line 6a V 7 Capital gain net income (from Part IV, line 2) - ' N 8 Net short-term capital gain n u 9 Income modifications (A E 10a Gross sales less CT returns and eJ c 20®^ 11 allowances Nov S b Less- Cost of goods sold fl . c Gross profit/(loss) (att sch) _r 11 Other income (attach schedule) 12 Total. Add lines 1 through 11 4,327,1 9. 340,011' 0. 13 Compensation of officers, directors, trustees, etc 0. 14 Other employee salaries and wages A 15 Pension plans, employee benefits D 16a Legal fees (attach schedule) M I b Accounting fees (attach sch) o N c Other prof fees (attach sch) P E T 17 Interest A A 18 Taxes (attach schedule) SEE STMT 1 7,050. T T 19 Depreciation (attach schedule) and depletion N v 20 Occupancy G E 21 Travel, conferences, and meetings A E 22 Printing and publications N D p 23 Other expenses (attach schedule) N SEE STATEMENT 2 75. E 24 Total operating and administrative s expenses . Add lines 13 through 23 7,125. 25 Contributions, gifts, grants paid PART XV 2 , 490 , 029. 2 , 490 , 029. 26 Total expenses and disbursements. Add lines 24 and 25 2, 497, 154. 0. 0. 2, 490, 029. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 1,830,035. b Net investment income (if negative , enter -0-) 340,011. C Adjusted net income (if negative . enter -0-) 0 , 13AA For Privacy Act and Paperwork Reduction Act Notice , see the instructions . TEEAD504L 0129/07 Form 990-PF (2006) \\ i v Form gan .pr (2nnti) rNFHFRAR RAMTT.V FnfTNTIATTnT INC 13-3178015 Pane 2 Attached schedules and amounts in the description Beginning of year End of year Part II Balance Sheets column should be for end-of-year amounts only (See instructions (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing 2 Savings and temporary cash investments 4, 776, 985. 5, 655, 598. 5, 655, 598. 3 Accounts receivable ► ---------- Less allowance for doubtful accounts ► ---------- 4 Pledges receivable ► Less- allowance for doubtful accounts ► ---------- 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see instructions) 7 Other notes and loans receivable (attach sch) ► _ _2_0 0 ,_0_0 0 . STATEMENT - 3 - _ 318, 000. 200, 000. 200,000. S Less allowance for doubtful accounts ► _ _ _ _ _ - _ - -- S 8 Inventories for sale or use TE 9 Prepaid expenses and deferred charges S 10a Investments - U S and state government obligations (attach schedule) 500, 003. 2, 094, 980. 2, 064, 098. b Investments - corporate stock (attach schedule) c Investments - corporate bonds (attach schedule) 11 Investments - land, buildings, and equipment basis ► ---------- Less accumulated depreciation (attach schedule) ► ---------- 12 Investments - mortgage loans 13 Investments - other (attach schedule) STATEMENT 4 536, 024. 13, 863. 13,863. 14 Land, buildings, and equipment basis _ ___ _ __ _ - _ ___ ► ---------- Less accumulated depreciation (attach schedule) ► ---------- 15 Other assets (describe ► --------------- 16 Total assets (to be completed by all filers - see instructions Also, see page 1, item I) 6, 131, 012. 7, 964, 441. 7, 933, 559. L 17 Accounts payable and accrued expenses 2,306. 5,700. AI 18 Grants payable B 19 Deferred revenue L 20 Loans from officers, directors, trustees, & other disqualified persons I 21 Mortgages and other notes payable (attach schedule) T 22 Other liabilities (describe ► ) E S 23 Total liabilities (add lines 17 through 22) 2, 306. 5 , 700. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. N F 24 Unrestricted T N T N 25 Temporarily restricted D 26 Permanently restricted AS B Foundations that do not follow SFAS 117, check here ► X S A and complete lines 27 through 31. E L T A 27 Capital stock, trust principal, or current funds S N 28 Paid-in or capital surplus, or land, building, and equipment fund C o E 29 Retained earnings, accumulated income, endowment, or other funds 6, 128, 706. 7 ,958 ,741. R S 30 Total net assets or fund balances (see instructions) - 6, 128, 706. 7,958,741. 31 Total liabilities and net assets/fund balances (see instructions) 6,131,012. 7,964,441. (Part III I Analysis of Changes 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 6, 128, 706. 2 Enter amount from Part I, line 27a 2 1,830,035. 3 Other increases not included in line 2 (itemize) 3 ► ----------------------------- - 4 Add lines 1, 2, and 3 4 7,958,741. 5 Decreases not included in line 2 (itemize) ► 5 II_ 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part column (b), line 30 6 7,958,741. BAA TEEA0302L 01/29/07 Form 990-PF (2006) Form 990-PF (2006) CHEHEBAR FAMILY FOUNDATION, INC. 13-3178015 Page 3 Part IV Capital Gains and Losses for Tax on Investment Inc ome describe the kinds() of 2 sold ( g , real at e, b How acquired (C) Date acquired (d) Date sold a List and property e est ( p - 2-story brick warehouse; or common stock, 200 shares MLC Com pany) Purchase (month , day, year) (month , day, year) D - Donation 1a SEE STATEMENT 5 b c d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e Complete only for assets showing gain in column (h) and owned b the foundation on 12/31 /69 (I) Gains (Column (h) (1) Fair Market Value (j) Adjusted basis (k) Excess of column (i) gain minus column (k), but not less as of 12/31/69 as of 12/31 /69 over column 0), if any than -0-) or Losses (from column (h)) a b c d e { lf gain, also enter in Part I, Ilne 7 2 Capital gain net income or (net capital loss) If (loss), enter -0- in Part I, Ilne 7 2 -220,175. 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If gain, also enter in Part I, line 8, column (c) (see instructions) If (loss), enter -0- in Part I, line 8 3 0. Part V I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income ) If section 4940(d)(2) applies, leave this part blank Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? n Yes XJ No If 'Yes,' the foundation does not qualify under section 4940 (e) Do not complete this part 1 Enter the appropriate amount in each column for each year , see instructions before making any entries ar (b) c Base eriod years Adjusted qualifying distributions Net value of Distribution ratio Calendar yea (or tax year noncharitable-use assets (column (b) divided by column (c)) beginning in) 2005 2, 341, 837.