Return of Private Foundation Form 990-PF I
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Return of Private Foundation OMB No 1545-0052 Form 990-PF I • or Section 4947(a)(1) Nonexempt Charitable Trust Department of the Treasury Treated as a Private Foundation Internal Revenue Service Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements 2 00 8 For calendar year 2008 , or tax year beginning , and ending R ('hark au that annh, F__l Ind,sl return F__] 9:m2l rahirn I-1 e,nonnorl ratnrn 1 1 Adrlrocc nhanno hI,mn ,.h^nno Name of Use the IRS foundation A Employer identification number label Otherwise , HE DENNIS BERMAN FAMILY FOUNDATION INC 31-1684732 print Number and street (or P 0 box number if mail is not delivered to street address) Room/suite B Telephone number or type . 5410 EDSON LANE 220 301-816-1555 See Specific City or town, state , and ZIP code Instructions . C If exemption application is pending , check here OCKVILLE , MD 20852-319 5 D 1- Foreign organizations , check here ► 2. Foreignrganrzatac meetingthe85%test, H Check tYPtype oorganization 0X Section 501 (c)( 3 ) exempt Pprivate foundation check heere and atttach computation Section 4947(a )( 1 nonexempt charitable trust 0 Other taxable p rivate foundation E If private foun dation status was termina ted I Fair market value of all assets at end of year J Accounting method OX Cash Accrual under section 507(b)(1)(A), check here (from Part Il, col (c), line 16) = Other (specify ) F If the foundation is in a 60-month termination (Part I, column (d) must be on cash basis) ► $ 4 , 515 , 783 . under section 507 ( b )( 1 ) B), check here ► Pad i Analysis of Revenue and Expenses ( a) Revenue and (b) Net investment ( c) Adjusted net (d) Disbursements (The total of amounts in columns (b), (c), and (d) may not for chantable purposes necessanly equal the amounts in column (a)) expenses per books income income (cash basis only) 1 Contributions , gifts, grants, etc , received 1,701,993 . NTA 2 Check E-1 If the fountlaton is not required to attach Sch B Interest► and temporary 3 estments 37,161. 37, 161. STATEMENT 1 0 4 Dividends and interest from securities 90,159 . 90, 159. S TATEMENT 2 0 5a Gross rents b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 -58, 433. M Gross sales puce for all b assets on line 6a 1 , 389 , 611. 7 Capital gain net income (from Part IV, line 2) 0. cc 8 Net short-term capital gain w 9 Income modifications Gross sales less returns 10a and allowances b Less Cost of goods sold c Gross profit or (loss) 9 11 Other income 1,643. 1,643. S TATEMENT 3 12 Total . Add lines 1 throu g h 11 1 , 772 , 523. 128 , 963. 13 Compensation of officers, directors , trustees , etc 0. 0. 0. 14 Other employee salaries and wages N 15 Pension plans , employee benefits 16a Legal fees a b Accounting fees STMT 4 6,912. 6,912. 0. W c Other professional fees 17 Interest 18 Taxes STMT 5 9, 488. 8 ,781. 0. 19 Depreciation and depletion E 20 Occupancy a 21 Travel , conferences , and meetings 22 Printing and publ ications 23 Other expenses STMT 6 39,196. 39,196. 0 . 0 24 Total operating and administrative n expenses . Add lines 13 through 23 5 5 5 9 6. 5 4 8 89. 0. 0 25 Contributions , gifts, grants paid 1,929,048. t 9 2 9 , 0 4 8. 26 Total expenses and disbursements. Addlines 24and25 1 , 984 , 644. 54 , 889. My/ ki 929 048. 27 Subtract line 26 from line 12 k^ r a Excess of revenue over expenses and disbursements -212,121. b Net investment income (if negative, enter-o ) 7 4 , 0 7 4 . r -^ C Adjusted net income (if negative , enter-0 A,, LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions . -----.J Form 990-PF (2008) 823501 01-02-09 1 08400512 742308 1005 2008.03050 THE DENNIS BERMAN FAMILY FO 1005 1 Form 990-PF (2008) THE DENNIS BERMAN FAMILY FOUNDATION INC 31-1684732 Panel atrachedschedulesand amounts in the descnpbon Beginning of year End of year Balance Sheets column should be for end-of-yearamounts only (a) Book Value (b) Book Value ( c) Fair Market Value 1 Cash - non-interest -bearing 2 Savings and temporary cash investments 1,222,036. 408,573. 408,573. 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 nxeriable ► 365,356. Less allowance for doubtful accounts ► 532, 349. 365, 356. 365, 356. 8 Inventories for sale or use ar 9 Prepaid expenses and deferred charges 10a Investments - U S and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 Irnesbnenti - land. buildings. and equipment basis ► Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other STMT 7 3, 812, 609. 4, 247, 660. 3,741,854. 14 Land , buildings , and equipment basis ► Less accumulated depreciation 15 Other assets (describe ► ) 16 Total assets to be com p leted b all filers 5 , 566 , 994. 5 , 021 , 589. 4 , 515 , 783. 17 Accounts payable and accrued expenses 18 Grants payable u) 19 Deferred revenue 20 Loans from officers , directors , trustees , and other disqualified persons .0 21 Mortgages and other notes payable 22 Other liabilities (describe ► 23 Total liabilities (add lines 17 throug h 22 ) 0. 0. Foundations that follow SFAS 117, check here ► 0 and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 25 Temporarily restricted Ia CD 26 Permanently restricted Foundations that do not follow SFAS 117 , check here ► FRI LL and complete lines 27 through 31. °,* 27 Capital stock , trust principal , or current funds 0. 0. y 28 Paid -in or capital surplus , or land , bldg , and equipment fund 0. 0. a 29 Retained earnings, accumulated income , endowment , or other funds 5,566,994. 5,021,589. Z 30 Total net assets or fund balances 5, 566, 994. 5,021,589 31 Total liabilities and net assets and balances 5 , 566 , 994. 5 021 589. Part in 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 5,566,994. 2 Enter amount from Part I, line 27a 2 -212,121. 3 Other increases not included in line 2 (itemize) ► 3 0. 4 Add lines 1, 2, and 3 5,354,873. 5 Decreases not included in line 2 (Itemize) ► ADJUST INVESTMENTS TO COST BASIS 333,284. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II. column W. line 30 5,021,589. Form 990-PF (2008) 823511 01-02-09 2 08400512 742308 1005 2008.03050 THE DENNIS BERMAN FAMILY FO 1005 1 Form 990-PF (2008) THE DENNIS BERMAN FAMILY FOUNDATION INC 31-1684732 Page3 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 -Purchase (mo 2-story brick warehouse, or common stock, 200 shs MLC Co) D Donation , day, yr) (mo ,day, yr ) 1a b SEE ATTACHED STATEMENTS 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 1,389,611. 1 1 1,448,044. -58,433. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus Adjusted basis (k) Excess of col (i) col but less -0 -) or (1) (k), (h i) F M V as of 12/31/69 as of 12/31/69 over col (I), if any Losses (fromot col a b c d e -58,433. 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 -58,433. 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 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? 0 Yes 0 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 (b ) Base pei od years (0 Distribution ratio Calendar year or tax year beg innin g m Adjusted qualifying distributions Net value of noncharitable -use assets (col (b ) divided by col (c)) 2007 1,648,448. 4,384,708. .375954 2006 1,074,922. 4,153,605. .258793 2005 1,022,116. 3,630,378. .281545 2004 1,002,226.