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y Return of Private Foundation OMB No 15450052 Form 990-PF 4 or Section 4947(a)(1) Nonexempt Charitable Trust Treated as a Private Foundation 2002 -De p2ftment or we Treasury Note: The organization may be able to use a copy of this return to satisfy state intemai kevenue Service reporting requirements. For calendar ear 2002, or tax ear beginning 9/01 2002, and endi 8/31 ,2003 G Check all that appl y Initial return Final return Amended return Address change Name change Employer identification number Use the IRS label. CHEHEBAR FAMILY FOUNDATION, INC . 13-3178015 Otherwise, Telephone number (see instructions) print 1000 PENNSYLVANIA AVENUE ortype . BROOKLYN, NY 11207-8417 (718) 485-3000 See Specific C If exemption application is pending, check here ~ I I Instructions. D 1 Foreign organizations, check here H Check type of organization . X Section 501(c)(3 exempt private foundation 2 Foreign organizations meeting the 85% test, check a Section 4947 ~a) (1) nonexempt charitable trust Other taxable private foundation here and attach computation If private foundation status was terminated rair market value or an assets at end oT year J Accounting method : U Cash uX Accrual E (from Part fl, column c, line 16) under section 507(b)(1 )(A), check here Other (specify) F If the foundation is in a 60-month termination ~ $ 2,320,960 . (Part l, column d must be on cash bass ) under section 501(b)(1)(B), check here. Pat't I Analyses 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 sanly equal the amounts in column a.) (cash basis only) (see instructions) 1 Contributions, gifts, grants, ett, received (aft sch) 1, 829 ,000 . Ck ~ ~ d the found is not req to aft Sch B 2 Distributions from split-interest trusts 3 Interest on savings and temporary cash investments . '8,`941.. 8,941 . ~, 4 Dividends andinterest from securities 22 , 286 . 22 , 286 . 5a Gross rents . ` ' : . b (Net rental income or (loss) e 6 a Net gain/(loss) from sage of assets not on brie 10 2 , 317 . STATEMENT 1 - - b Gross sales paces for all assets on brie 6a 2 , 31 7 . V 7 Capital pain net income (from Part IV, line 21 1, 2 317 . '- E 8 Net short-term capital gam N 9 Income modifications . _, g 10a Gross sales less . - . - ' . - . returns and - - ;~- - - , ` _ allowances b Less' Cost of goods sold "ib.~ f f c Gross profit/(loss) (att sch). 11 Other income (attach schedule) -a 12 Total. Add lines 1 through 11 1, 862, 544 . 33,544 . 0 . 1 3 Compensation of officers, directors, trustees, etc 14 Other employee salaries and wages . 15 Pennon plans, employee benefits m 16a Legal fees (attach schedule) b Accounting fees (attach sch) c Other prof fees (attach sch) . T17e r Interest A p 18 Taxes (attach schedule) SEE STMT 2 396 . 19 Deprecation (attach schedule) and depletion . - - ~ - 1 L11 x v 20 Occupancy . IS E 21 Travel, conferences, and meetings . ~ N x 22 Printing and publications (((~~~]]]~~~ o P 23 Other expenses (attach schedule) N 24 Total operating and administrative expenses . Add lines 13 through 23 396 . 25 Contributions, gifts, grants paid PART. XV. 948 984 . 948 984 . 26 Total expenses and disbursements . Add lines 24 and 25. 949,380 . 0 . 0 . 948,984 . 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements. 913,164 . b Net investment income (it negative, enter -o-) ' ' 33 ,544 . C Adjusted net income (if negative, enter -0-) BAA For Paperwork Reduction Act Notice, see the instructions . TEEr+oso3L ioiz2ioz Form 990-PF (2002) ,, Form 990-PF (2002) CHEHEBAR FAMILY FOUNDATION, INC . ` 13-3178015 Page 2 Attached schedules and amounts in the description Beginning of year End of year II Balance Sh column should be for end-of-year amounts only. Part eets (See instructions .) (a) Book Value (b) Book Value (c) Fair Market Value 7 Cash - non - interest -bearing 2 Savings and temporary cash investments . 1,160,572 . 1,573,879 . 1,573,879 . Ts .1 , .7.~ 3 Accounts receivable . ..rr~i r.6 y_ Less. allowance for doubtful accounts 01 ,: , t""r - s . .. 4 Pledges receivable 0-_ 1 Less. allowance for doubtful accounts 11 5 Grants receivable . 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see msVuc4onsl . - 7 Other notes and loans receivable (attach sch) ... 3§aai r :} s , Less allowance for doubtful accounts 11 S 8 Inventories for sale or use . 9 Prepaid expenses and deferred charges . 452 . 206 . 206 . 10a Investments - U.S and state government obligations (attach schedule) . STATEMENT 3 500,003 . 472,000 . b Investments - corporate stock (attach schedule) . c Investments - corporate bonds (attach schedule) . 11 Investments - land, buildings, and : eqwpment: basis ~ ---------- ' 'F " Less: accumulated depreciation (attach schedule) . 12 Investments - mortgage loans 13 Investments - other (attach schedule) STATEMENT. 4 536,024 . 536,024 . 274,875 . 14 Land, buildings, and equipment: basis 0' ------------ Less: accumulated depreciation - (attach schedule 15 Other assets (describe 0 -_ _ _ _ _ _ _ - - - _ _ _ _ _ _ _ ) 16 Total assets (to be completed by all filers - see instructions . Also, see page 1, item I). 1,697,048 . 2,610,112 . 2,320,960 . 17 Accounts payable and accrued expenses . 100 . 18 Grants payable . ', . 19 Deferred revenue . L 20 Loans from officers, directors, trustees, 8 other disqualified persons 21 Mortgages and other notes payable (attach schedule) 22 Other liabilities (describe ~ ) E 23 Total liabilities (add lines 17 through 22) 100 . Organizations that follow SFAS 117, check here 10, L and complete lines 24 through 26 and lines 30 and 31 . N F 24 Unrestricted . E U T N 25 Temporarily restricted 26 Permanently restricted . 117, check here ~ X Organizations that do not follow SFAS - .~ - S AB 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 . 2,610,112 . O E 29 Retained earnings, accumulated income, endowment, or other funds 1,69 6, 948 R S 30 Total net assets or fund balances (see instructions) 1,696,948 2,610,112 . 31 Total liabilities and net assets/fund balances (see instructions) 1,697,048 2,61 0 ,112 .--' :-.-~ Part 111 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) . 1,696,948 . 2 Enter amount from Part I, line 27a . 913 .164 . 3 Other increases not included in line 2 (itemize) . 4 Add lines 1, 2, and 3 . 2,610,112 . 5 Decreases not included m line 2 (itemize) . 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 2,610,112 . BAA TEEA0302L 10123/02 Form 990-PF (2002) Form 990-PF (2002 GHEHEBAR FAMILY FOUNDATION, INC . " 13-3378015 Paae 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) List and describe the kmd(s) of property sold (e g., real estate, D) How acquired (C) Date acquired (d) Dale sold P - Purchase (month, day, year) (month, day, year) 2-story back warehouse, or common stock, 200 shares MLC Company) D - Donation 1a CAPITAL GAINS DIVIDENDS P I 10/11/001 12/11/02 b c d e (e) Gross sales pace (f) Depredation allowed (h) Gain or (loss) (or allowable) ~plus~expense of sales (e) plus (0 minus (g) a 2,317 . 2,317 . b c d e )m lete only for assets showing gain in column (h and owned the foundation on 12/31/69 (I) Gams (Column (h) () Fair Market Value (1) 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 2 , 317 . b c d e If am, 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 2,317 . 3 Net short-term capital gain or (loss) as defined msections 1222(5) and (6): If gain, also enter m Part I, line 8, column (c) (see instructions) If(loss), enter -0- in Part I, line 8 J 3 0 . [ Part V Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject b the section 4940(a) tax on net investment income .) If section 4940(d)(2) applies, leave this part blank. Was the organization Iiablefor the section 4942 tax on the distnbutable amountof any year in the base period? . 1-1 Yes X 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 be6re making any entries a b c d Base period years Adjusted qualifying distributions Net value of Distribution ratio Calendar year (or tax year nonchantable-use assets (column (b) divided by column (c)) beginning in) 2001 1,106,813 . 854,761 . 1 .294880 2000 889 795 . 511 476 . 1 .739661 1999 714,537 . 526,993 . 1 .355876 1998 669,701 . 564 036 . 1 .187337 1997 464,317 . 653,749 . 0 .710237 2 Total of line 1, column (d) .
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