Form 990-PF Return of Private Foundation
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• Return of Private Foundation OM B No 1545-0052 Form 990-PF or Section 4947(a)(1) Nonexempt Charitable Trust Department of the Treasury Treated as a Private Foundation Itn emaIRavenue ervice 2 0H I Note: The organization may be able to use a copy of this return to satisfy state reporting requirements. ^ For calendar year 2005 , or tax year beginning , and ending f rhn..b nu fhnr nl,, i1 In,r , ol rnfi,rn F__^ C,n,I rnh , r.. ii h,nn..And -+,,,n 7_1 ndd.......-k --- t1 ni.........6........ organization Use the IRS Name of A Employer identification number label Otherwise , T he Marc Haas Foundation, Inc. 13-3073137 print Number and street (or P 0 box number if mail is not delivered to street address) Room/suite B Telephone number ortype . /o Blank Rome LLP , 405 Lexin g ton Ave 114 FL. ( 212 ) 885-5000 See Specific City or town, state, and ZIP code If exemption Instructions C application Is pending , check here N ew York , NY 10174 D 1. Foreign organizations, check here 2. check orpan da meeting too 85% test H Check type of organization 0X Section 501 (c)(3) exempt private foundation corei Isere and attach cemputatien fl Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundation E If pnvate foundation status was terminated I Fair market value of all assets at end of year J Accounting method 0 Cash LJ Accrual under section 507(b)(1)(A), check here (from Part ll, col. (c), line 16) El Other (specify) Fndetder fsB,chea6B),chehckthrmhere CPD 10.$$ 50856566. (Part /, column (0 must be on cash basis.) under section 507(b) ( 1 10- 0 I Analysis of Revenue and part 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 charitable purposes necessanly equal the amounts in column (a)) expenses Pper books income income (cash basis only) 1 Contributions, gifts, grants, etc , received N A 2 Check ► If the foundation is not required to attach Sch B Interest on and temporary 3 42951. 42951. s tatement ^. 0 4 Dividends and interest from securities 229705. 215681. LU Z 5a Gross rents b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 1101344. Gross sales puce for all b assets on line 6a 7 Capital gain net Income (from Part IV, line 2) 738614. 8 Net short-term capital gain 9 Income modifications Gross sales less returns 1 Oa and allowances b Less Cost of goods sold c Gross profit or (loss) 11 Other income 1271841. 1290043. tat.$meft 2 12 Total. Add lines tthroug h 11 2645841. 2287289. 13 Compensation of officers, directors, trustees, etc 160000. 56000. 104000. 14 Other employee salaries and wages 15 Pension plans, employee benefits 16a Legal fees Stmt 3 8989. 3146. 5843. CL W F17 Interest 23726. 13418. 0. s ®2Stmt 4 2 5 3 512. 51017. 0. a re atlon and deple Ipg a 2rersY and m sings rs rinsing and publications 23 Other expenses Stmt 5 124993. 122427. 750. 24 Total operating and administrative as expenses Add lines 13 through 23 571220. 246008. 110593. 0 25 Contributions, gifts, grants paid 2 6 4 0 0 0 0. 2640000. 26 Total expenses and disbursements. Add lines 24 and 25 3211220. 246008. 2750593. 27 Subtract line 26 from line 12 a exams of revenue over expenses and disbursements -565379. b Net Investment income (if negative, enter -0-) 2041281. 1 c Adjusted net income pfnegative, enter -0-) N/A LHA For Privacy Act and Paperwork Reduction Act Notice , see the instructions . Form 990-PF (2005) 523501 01-05-06 1 12381107 807657 52467700003 2005.06000 The Marc Haas Foundation, 1 52467701 r Form 990-PF ( 2005) The Marc Haas Foundation. Inc. 13-3073137 Paae2 schedules andamounts Inthedesrnpbon Beginning of year End of year Balance Sheets " column should be tor eno-oFyearamounts only (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-Interest-beanng -30091. -15872. -15872. 2 Savings and temporary cash investments 1094663. 1121921. 1121921. 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 Oilier notes and loans racensbte ► Less allowance for doubtful accounts ► 8 Inventories for sale or use 9 Prepaid expenses and deterred charges 10a Investments - U S and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 Invest. nts - land buildings, and equipment bass ► Less accumulated depreciator ► 12 Investments - mortgage loans 13 Investments - other Stmt 8 27137011. 33220616. 49750517. 14 Land , buildings , and equipment basis ► Less ac umuiated depreciation ► 15 Other assets (describe ► Statement 7 6530000. 0. 0. 16 Total assets (to be coby all filers ) 34731583. 34326665. 50856566. 17 Accounts payable and accrued expenses 18 Grants payable Y) 19 Deferred revenue 20 Loans from officers, directors, trustees , and other disqualified persons 21 Mortgages and other notes payable 22 Other liabilities (descnbe ► 23 Total liabilities (add lines 17 throug h 22 ) 0. 0. Organizations that follow SFAS 117, check here ► 0 and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 34731583. 34326665. 0 25 Temporarily restricted co 26 Permanently restncted LLC Organizations that do not follow SFAS 117 , check here ► EJ and complete lines 27 through 31. y 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 34731583. 34326665. 31 Total liabilities and net assetsundbalances 34731583. 34326665 . p 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) 34731583. 2 Enter amount from Part I, line 27a -565379. 3 Other increases not included in line 2 (itemize) ► See Statement 6 160461. 4 Add lines 1, 2, and 3 34326665. 5 Decreases not included in line 2 ( itemize) ► 0. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 34326665. Form 990-PF (2005) 523511 01-05-06 2 12381107 807657 52467700003 2005.06000 The Marc Haas Foundation, 1 52467701 Form 990-PF (2005) The Marc Haas Foundation , Inc. 13-3073137 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 D - Purchase (mo yr) 2-story brick warehouse, or common stock, 200 shs MLC Co) D - Donation , day, (mo , day, yr ) 1a Share of Partnershi p s, Gains & Losses From b Schedules K-1 C d e (e) Gross sales puce (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 738614. 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 col (k), not less than (1) Adjusted basis (k) Excess of col (i) but -0-) or (i) F M V as of 12/31/69 as of 12/31/69 over col. (1), it any Losses (from col (h)) a b 738614. C d e If enter in Part I, line 7 2 Capital gain net income or (net capital loss) If ?loss),loss), enter -0- in Part I , line 7 1 2 738614. 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) It gain, also enter in Part I, line 8, column (c) If (loss), enter -0- in Part I, line 8 3 N/A 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 ) It section 4940(d)(2) applies, leave this part blank Was the organization liable for the section 4942 tax on the distributable amount of any year in the base period'? E:1 Yes EXI 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 Base period years Distribution ratio Calendar year ( or tax year beg inning in ) AdIAdjusted q uali^'(bing distributions Net value of nonchantable -use assets (col (b ) divided byy col (c)) 2004 2131163. 46688843. .045646 2003 1991520. 44550380. .044703 2002 1953923. 40535811. .048202 2001 1819245. 43208551. .042104 2000 1645449. 42506978. .038710 2 Total of line 1 , column (d) 2 .219365 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 . 0 4 3 8 7 3 4 Enter the net value of nonchantable-use assets for 2005 from Part X , line 5 4 4 9 2 8 8 2 3 6 . 5 Multiply line 4 by line 3 5 2162423. 6 Enter 1 % of net investment income ( 1% of Part I, line 27b) 6 20413. 7 Addlines5and6 7 2182836. 8 Enter qualifying distributions from Part XII, line 4 _ 8 2750593.