Form 990-PF Return of Private Foundation
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OMB No 1 54 5-0052 Form 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation Department of the Treasury 2009 Internal Re4enue Service Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements For calendar year 2001 or tax year beginning , and ending G Check all that apply. Initial return Initial return of a former public charity L___1 Final return Amended return X1 Address chance n Name chanoe Use the IRS Name of foundation A Employer Identification number label. HE MCCADDIN-MCQUIRK FOUNDATION, INC. Otherwise , /O O'CONNOR DAVIES MUNNS & DOBBINS, LLP 13-6134444 print Number and street (or P O box number If mall Is not delivered to street address) Room/sulte 6 Telephone number ortype . 60 EAST 42ND STREET 212-286-2600 See Specific City or town, state, and ZIP code C Instructions . If exemption application is pending , check here ► El EW YORK , NY 10165 D 1. Foreign organizations, check here 2. Foreign organizations meeting the 85% test, H Check typea of or9anizatlon Section 501 (PC)(3) exam t Pprivate foundation chock here end attach computation ► El Section 4947 (a )( 1 ) nonexem pt chartable 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 1 Cash El Accrual under section 507(b)(1)(A), check here ► OX MODIFIED (from Part ll, col. (c), line 16) Other (specify) CASH F If the foundation is in a 60-month termination $ 4 , 205 , 537 . (Part 1, column (a) must be on cash basis.) under ► section 507(b)(11)$), check here ► Analysis of Revenue and Expenses (d) Disbursements (The total of amounts In columns (b) (c), and (d) may (a) Revenue and (b) Net investment (c) Adjusted net not expenses per for chartable purposes necessarily equal the amounts in column (a)) books income income (cash basis only) 1 Contributions, gifts, grants, etc., received 2 Check [Is] Ifdefoundation Bnotmiredtoattach Sch e 3 I nterest asn and temporary 1,945 . 1,945. STATEMENT 1 4 Dividends and interest from securities 113,559 . 113, 559. TAT M NT 2 ° 5a Gross rents b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 -11,330. Gross sales puce for all b assets on line 6a 799,150. 7 Capital gain net income (from Part IV, line 2) 0. 8 Net short-term capital gain LtJ 9 Income modifications Gross sales less returns 10a and allowances a^ b Less Cost of goods sold c Gross profit or (loss) . Ito _________________________ 11 Other income 2 , 000. '1'ATJMJNT3 12 Total. Add lines 1 throw 106 , 174. 6, 5 0 0. 3, 5 0 0. 15 P nslp pmpoy efit0 _J _r 17 125 18 Taxes STMT 4 3, 2 3 4. 0. 19 Depreciation and depletion 20 Occupancy a 21 Travel, conferences, and meetings 3,609. 1, 8 0 4. 1, 8 0 5. c 22 Printing and publications 0 23 other expenses STMT 5 2 0 8 7. 249. 1 8 3 8. 24 Total operating and administrative a expenses . Add lines 13 through 23 15,430. 7 , 2 01 . 7 , 14 3 . 0 25 Contributions, gifts, grants paid 517 800. 517 800. 26 Total expenses and disbursements. Add lines 24 and 25 533 230. .7 , 201 . 524 943. 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements -427, 056. b Net Investment Income of negative, enter -0-) 8 , 3 0 3 . c Ad usted net income Cifnegative, enter-0- N/A 02302-110 LHA For Privacy Act and Paperwork Reduction Act Notice . see the Instructions . Form 990-PF l2nn91 1 13590512 756359 MCCADDIN 2009.03050 THE MCCADDIN-MCQUIRK FOUNDA MCCADDII THE MCCADDIN-MCQUIRK FOUNDATION, INC. Form 990-PF (20091 CIO O'CONNOR DAVIES MUNNS & DOBBINS. LLP 13-6134444 Pace 2 Beginning of year Balance Sheets MOedschedules andamounts inthedescrtpbon End of year column should be for end-ol-year amount only (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-Interest-bearing 12,373. 33,703. 33,703. 2 Savings and temporary cash investments 910,444. 731,278. 731,278. 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 7 Other notes and loans receNstile Less allowance for doubtful accounts ► . 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 4,385. 3,299. 3,299. 10a Investments - US. and state government obligations STMT 6 51,384. 45,455. 34,778. b Investments - corporate stock STMT 7 2,484,448. 1,981,519. 2,668,040. c Investments - corporate bonds STMT 8 498,565. 549,190. 5 6 6, 5 5 3. 11 Inwosbtents - land, buildings, and equipment basis ► Less. amumulaled depreciation ► 12 Investments - mortgage loans 13 Investments - other STMT 9 0. 190,099. 167,886. 14 Land, buildings, and equipment basis ► Less aoeumulateddepreciabon ► 15 Other assets (describe ► ) 16 Total assets (to be com pleted by all filers ) 3 , 961 , 599. 31534,543. 4 1 205 , 537. 17 Accounts payable and accrued expenses 1,500. 1,500. 18 Grants payable m 19 Deferred revenue 20 Loans from officers, directors, trustees, and other disqualified persons two 21 Mortgages and other notes payable 22 Other liabilities (describe ► 23 Total liabilities (add lines 17 throw h 22) 1 , 500. 1 , 500. Foundations that follow SFAS 117, check here ► 0 and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 3, 960, 099. 3,533,043. j 25 Temporarily restricted m 26 Permanently restricted C Foundations that do not follow SFAS 117, check here ► LL and complete lines 27 through 31. ,,, 27 Capital stock, trust principal, or current funds 28 Paid-in or capital surplus, or land, bldg , and equipment fund 29 Retained earnings, accumulated income, endowment, or other funds Z 30 Total net assets or fund balances 3,960,099. 3,533,043. 31 Total liabilities and net assets and balances 3 , 961 , 599. 1 3 , 534 , 543. part fib 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 pnor year's return) 3,960,099. 2 Enter amount from Part I, line 27a -427,056. 3 Other increases not included in line 2 (itemize) ► 0. 4 Add lines 1, 2, and 3 - 3,533,043. 5 Decreases not included in line 2 (itemize) ► 0. 3,533,043. Form 990-PF (2009) 923511 02-02-10 2 13590512 756359 MCCADDIN 2009.03050 THE MCCADDIN-MCQUIRK FOUNDA MCCADDI1 THE MCCADDIN-MCQUIRK FOUNDATION, INC. Form990-PF 2009) C/O O'CONNOR DAVIES MUNNS & DOBBINS , LLP 13-6134444 Page 3 part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e .g , real estate , (b How acquired (c) Date acquired ( d) Date sold 2-story brick warehouse ; or common stock , 200 shs MLC Co) D - Donation (mo , day , yr) (mo , day, yr ) la SEE ATTACHMENT E P 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 799,150. 810,480. -11,330. b C d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Gains (Col. (h) gain minus (1) Adjusted basis (k) Excess of col (i) col ( k), but not less than -0-) or Losses (from col (h)) (I) F M V. as of 12/31/69 as of 12/31/69 over col (I), if any a -11,330. b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss ) If (loss), enter -0- in Part I, line 7 2 -11,330. 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) If loss enter -0- in Part I line 8 3 N/A I Part V ] 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? =Yes 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 d Base peodri years Distribution ratio Calendar year ( or tax year be immn in Adj usted q ualify(bdistributionsing Net value of noncha)rdable-use assets (col (b ) divided by col (c)) 2008 529,443. 5,055,984. .104716 2007 460,226. 6,023,747. .076402 2006 356,999. 5,577,843. .064003 2005 332,920. 5,023,646. .066271 2004 303 497. 4 , 650 , 223. .065265 2 Total of line 1 , column (d) 2 . 3 7 6 6 5 7 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 existence if less than 5 years 3 .