Form 990-PF Return of Private Foundation
Total Page：16
File Type：pdf, Size：1020Kb
OMB NO 1545-0052 Form 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Department of the Treasury Internal Revenue Treated as a Private Foundation Service Note : The organization may be able to use a copy of this return to satisfy state reporting requirements . 2003 Far calendar year 2003, or tax year beginning and endin G Check all that a I 0 Initial return ~ Final return ~ Ame Address change U Use the IRS Name of organization Employer identification number label. EX & RUTH FRUCHTHANDLER Otherwise, FOUNDATION INC 13-6156031 print Number and street (or P O box number if mail is not delivered to street address) Room suite B Telephone number or type. 111 BROADWAY 20TH FLOOR 212-266-8200 See Specific City or town, state, and ZIP code If exemption application is pending, check here Instructions . NEW YORK NY 10006 D 1 . Foreign organizations, check here 2 . Foreign organizations meeting the 85% test, , a H Check type of organization OX Section 501(c)(3) exempt private foundation check here and attach computation Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundation E If private foundation status was terminated I Fair market value of all assets at end of year J Accounting method M Cash 0 Accrual under section 507(b)(1)(A), check here " D (from Part 11, Col. (c), line 16) D Other (specify) F If the foundation is in a 60-month termination 111114 8 5 6 7 3 3 4 . (Part l, column (d) must be on cash bass s.) under section 507 b 1 B , check here part I Analysis of Revenue and Expenses (d) Disbursements (The total of amounts In columns (b), (c), end (d) may not (a) Revenue and (6) Net investment (c) Adjusted net rorchantablepurposespurposes necessarily equal the amounts in column (a) ) expenses peg books income income (cash basis onlv) 1 Contributions, gifts, grants, etc ,received 1,112,000 . Check 1 FX7 if the toundBUon is dot required t0 alfaCh $Ch B 2 Distributions from split-interest trusts Interest on savings and temporary 3 cash investments 753 . 753 . 7 5 3 . TATEN1ENT 1 a Dividends and interest from securities 26, 279 . 26,279 . 26,279 . STATEMENT 5a Gross rents 80 . 80 . 8 0 . ST.ATE,MENT 3 (Net rental income or (doss) 80 . d 6a Net gain or (loss) from sate of assets not on 7 line 10 41 , 223 . b Gross sales price for all 7 assets on line 6a d Q ) Capital gain net income (horn Part IV, line 2) 41 , 223 . 8 Net short-term capital gain N/A 9 Income modifications Gross sales less returns 10a and allowances b Less Cost of goods sold c Gross profit or (loss) O 11 Other income 20 , 836 . 20 , 836 . 2 0 8 3 6 . 5 TATBMENT 12 Total. Add lines 1 through 11 1 , 2 01 , 171 . 89 , 171 . 47 , 948 . 13 Compensation of officers, directors, trustees, etc 0 . 14 Other employee salaries and wages 15 Pension plans, employee benefits N 16a regal fees STMT 5 15,228 . 15,228 . 0 . 0 . b Accounting fees STMT 6 1, 6 8 0 . 1 , 680 . 0 . 0 . c Other profe sional 11.l fRECEIV > 17 Interest 18 Taxes ~S STMT ~ 121 . 121 . 0 . 0 . 19 DepreciaUo ~ d~6~nn 2 J 2004 ' 20 Occupancy a 21 Travel, con rence , ,~~g g~-~ LJGP~ , x.71 ~ 22 Printing an ip-h"GAMA6 X 23 Other expenses STMT 8 2 , 556 . 2 , 556 . 0 . 0 . 24 Total operating and administrative a expenses. Add lines 13 through 23 19 , 585 . 19,585 . 0 . 0 . X 25 Contributions, gifts, grants paid 1 , 489 , 578 . 1,489,578 . 26 Total expenses and disbursements. Add lines 24 and 25 1 , 509 , 163 . 19,585 .1 0 .1 1,489,578 . 27 Subtract line 26 from line 12 3 Excess of revenue over expenses and disbursements <307 992 . b Net Investment income (if negative, enter -0-) 69,586 . C Adjusted net Income (if negative, enter -0-) 7 .948 . 323501 12-05-D3 LHA For Paperwork Reduction Act Notice, see the instructions . Form 990-PF (2003) 10450806 132034 ARFDTN 2003 . 05000 ALEX & RUTH FRUCHTHANDLER ARFDTN-1 ~ Ul J ' ALEX & RUTH FRUCHTHANDLER Form 990-PF (2003) FOUNDATION INC 13-6156031 Page 2 A~,heOxheduksanAamountslnthedesc~fpno~ aao;n.;.a ofY.a. ~~d e{ a Balance Sheets column should eeloreno-oi-yearamounts only (a)Book Value (b)Book Value (c)Fair Market Value Cash - non-interest-bearing 13 r 379 . 16,170 . 16 , 170 . 2 Savings and temporary cash investments 361 r 536 . 6 r 367 . 6 r 367 . 3 Accounts receivable 1 Less allowance for doubtful accounts 1 4 Pledges receivable 01 Less allowance for doubtful accounts 1 101 , 263 . 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons 7 Other noes and roans receivable " 929 ,556 . Hess allowance for doubtful accounts " 855 , 654 . 929 , 556 . 929 , 556 . .. 8 Inventories for sale or use Ny 9 Prepaid expenses and deferred charges a 10a Investments - U S and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 Investments - land, buildings, and equipment basis Less accumulated depreciation 12 Investments - mortgage loans 13 investments - other STMT 10 7 , 400 , 670 . 7 , 454 , 623 . 7 , 615 , 241 . 14 Land, buildings, and equipment basis 01 Less accumulated depreciation 1 15 Other assets (describe ~ ) 1s Total assets to be completed b all filers 8 , 732 , 502 . 8 4 0 6 716 . 8 , 567 , 334 . 17 Accounts payable and accrued expenses 18 Grants payable 19 Deferred revenue 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable J 22 Other liabilities (describe " ) 23 Total liabilities (add lines 17throuah 221 0 . ~ 0 . Organizations that follow SFAS 117, check here 1 24 through N and complete lines 26 and lines 30 and 31 . 24 Unrestricted v 25 Temporarily restricted o m 26 Permanently restricted Organizations that do not follow SFAS 117, check here 1 D and complete lines 27 through 31 . ,°~ 27 Capital stock, trust principal, or current funds 0 . 0 . 28 Paid-in or capital surplus, or land, bldg , and equipment fund 0 . 0 . earnings, funds 8 , 732 , 502 . 8 , 406,716 . ar 29 Retained accumulated income, endowment, or other z°' 30 Total net assets or fund balances 31 Total liabilities and net assets and balances p~ _~:fl Analysis of Changes in Net Assets or Fund Ba 1 Total net assets or fund balances at beginning of year- Part II, column (a), line (must agree with end-of-year figure reported on prior year's return) 2 Enter amount from Part 1, line 27a 3 Other increases not included in line 2 (itemize) 01 4 Add lines 1, 2, and 3 5 Decreases not included m line 2 (itemize) 10, 6 Total net assets or fund balances at end of veer (line 4 minus brie 5) - Part II, c~ 323511 12-OS-03 10450806 132034 ARFDTN 2003 .05000 ALEX & RUTH FRUCHTHANDLER Form 990-PF 2003 FOUNDATION INC 13-6156031 Paae 3 Pert 1#. Capital Gains and Losses for Tax on Investment Income low acquired (c) Date acquired (d) Date sold (a) List and describe the kind(s) of property sold (e g , real estate, - Purchase I (mo , day, yr ) I (mo , day, yr ) 2-story brick warehouse, or common stock, 200 shs MLC Co ) - Donation 1a b SEE ATTACHED STATEMENT (e) Gross sales price (f) Depreciation allowed I (g) Cost or other basis (h) Gam or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a b e d e 41 , 223 . Complete only for assets sh n 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) I col (k), but not less than -0-) or (i) F M V as of 12/31/69 as of 12131/69 over col (1), if any) Losses (from col (h)) a b c 41,223 . It ain, ;also enter in Part I, line 7 2 Capital 9gain net income or ( net capital loss)1 ~ f ?loss), enter -0- m Part I, line 7 1 41 , 223 . 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If gam, also enter m Part I, line 8, column (c) If (joss), enter-0- in Part 1, line 8 ) 3 41 , 223 . 1 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 organization liable for the section 4942 tax on the distnbutable amount of any year in the base period'? Yes M No If "Yes," the organization 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 period years Distribution ratio Calendar ear or tax ear beginning in Adjusted qualifying distributions Net value of noncha)ntable-use assets (col (b) divided by col (c)) 2002 592 534 . 9,000 949 . .0658302 2001 140,657 . 7 , 799 , 830 . .0180333 2000 77 554 . 5,704,589 . .0135950 1999 10 432 . 3 , 383 , 607 . .0030831 1998 809,603 . 1,891,022 . .4281299 2 Total of line 1, column (d) 2 .5286715 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 .1057343 4 Enter the net value of nonchantable-use assets for 2003 from Part X, line 5 4 8 717,471 .