Form 990-PF Return of Private Foundation
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OMB No 1548-0052 Form 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Department of the TreatUry Internal Revenue Treated as a Private Foundation LOOL Service Note : The organization may be able to use a copy of this return to satisfy state reporting requirements. For calendar year 2002, or tax year beginning DEC and ending NOV 30, 2003 Use the IRS Name of organization Employer Identification number label. HE KENNETH T . AND EILEEN L . NORRIS Otherwise, FOUNDATION 95-6080374 print Number and street (or P O box number if mall Is not delivered to street address) RooMsulte B Telephone number ortype. 11 GOLDEN SHORE SUITE 450 (562) 435-8444 See Specific City or town, state, and ZIP code If exemption application Is pending, check here Instructions . ONG BEACH CA 90802 D 1 . Foreign organizations, check here 10 Z . Foreign organizations meeting the 85% test, , H Check type of organization : ~X Section 501(c)(3) exempt private foundation check here end attach computation 0 Section 4947(a)(1) nonexempt charitable trust = 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 OX Cash Accrual under section 5Q7(b)(1)(A), check here " D (/turn Pert Il, col. (c), line 16) = Other (specify) F If the foundation is in a 60-month termination 1111111 4 166 , 621 , 210 . (Part 1, column (d) must be on cash basis. under section 507(b)(1 ) ~B), check here in Pa~ [ Analysis o evenue and E xpenses (a) Revenue and (b) Net investment (d) Disbursements (The total of amounts In columns (b), (c), end (d) may not (c) Adjusted net ~rcharitable pwposes necessarily equal the amounts In column (a)) ex penses per books income income (cash basis OnN) 1 Contributions, gifts, grants, etc , received Check 1 D 11 Cm foundation is net Rquired to attach Sch B 2 Distributions from split-interest trusts " swings a"° temporary cash Investments 5 , 484 . 5 , 484 . 4 Dividends and interest from securities 6 , 570 , 312 . 6,532,712 . 5a Gross rents b (Net rental Income or (loss) Net gain or (loss) horn eels of assets not on d 6a line 10 1 , 854 , 292 . b Gross sales price (or ell assets on line 8a 1 7 Capital pain net Income (horn Part IV, line 2) 8 Net short-term capital gain 9 Income modifications Gross sales less returns [1_, 10a end allowances b Less Cost of goods sold c Gross profit or (loss) H~9 11 Other income . 112 , 379 . 104,339 . STATEMENT 3 ~' 12 Total . Add lines 1 through 11 8 , 5 42 , 4 67 . 8 496,827 . 3 Compensation of officers, directors, trustees, etc 67,000 . 67 , 000 . 14 Other employee salaries and wages (U~ y 15 Pension plans, employee benefits y 16a Legal fees b Accounting fees STMT 4 25 r 953 . 2,595 . 0 . c Other professional fees STMT 5 16 0 5 0 4 . 160,504 . 0 . 17 interest 21 , 299 . 21,299 . 0 . ~ 18 Taxes STMT 6 101 669 . 22,743 . 159 . 19 Depreciation and depletion 20 Occupancy 46 , 169 . 20,776 . 20 , 776 . a 21 Travel, conferences, and meetings 19 8 4 8 . 0 . 19 848 . 22 Priming and publications 6 126 . 0 . 6 , 126 . 29 other expenses STMT 7 883 , 737 . 393,215 . 405 629 . 24 Total operating and administrative expenses . Add lines 13 through 23 1 332 305 . 621,132 . 519 538 . X 25 Contributions, gifts, grants paid 7 786 , 550 . 7 , 786 , 550 . 26 Total expenses and disbursements . Add lines 24 and 25 9 118 855 . 621,132 . 8 , 306 , 088 . 27 Subtract line 26 from line 12 8 Excess of revenue over expenses end dlsbursemenb <576 4 3 8 8 . b Net Investment Income (If negative, enter -G-) 7 75,695 . c Adjusted net Income (if negative, enter -a) N/A of i~~°-a3 LHA Far Paperwork Reduction Act Notice, see the Instructions . Form 990-PF(2002) ~ 1 l 4 4 THE KENNETH T . AND EILEEN L . NORRIS Form 990-PF (2002) FOUNDATION 95-6080374 Page 2 dlies andamounts inCrodastApdon eeginmng of year End of year Balance Sheets column should belaen0af~yearamount only (al Book Value (b) Book Value (c) Fair Market Value 1 Cash-non-interest-bearing 2 Savings and temporary cash investments 1,801,840 . 409 875 . 409 875 . 3 Accounts receivable 01 Less : allowance for doubtful accounts 41,085 . 4 Pledges receivable 1 Less allowance for doubtful accounts 1 5 Grants receivable B Receivables due from officers, directors, trustees, and other disqualified persons 7 Oft notes and loans receivable Less allowance for doubtful accounts 1 8 Inventories for sale or use dl 9 Prepaid expenses and deferred charges 14,253 . 4 , 270 . 4 , 270 . 10a Investments - U.S. and state government obligations STMT 11 665,093 . 579 f 130 . 645 f 837 . b Investments-corporate stock STMT 12 27,836,857 . 36 r 387 601 . 79 813 338 . c Investments-corporate bonds STMT 13 79,930 .110 . 70 762 225 . 78 009 565 . 11 Investments - land, buildings. and equipment basis less accumulated depreciation 12 Investments - mortgage loans STMT 14 492,939 . 360 000 . 360 000 . 13 Investments - other STMT 15 222,169 . 5 4 953 4 129 . 7 1 375 1 500 ._ 14 Land, buildings, and equipment basis " 102 , 075 . Hess. amumulated depreciation STMT 16 10o- 101 , 321 . 1 754 . 754 . 754 . 15 Other assets (descnbe " SECURITY DEPOSIT 828 . 2,071 . 2,071 . 7 024 928 . 114 459 055 . 166 621 210 . 17 Accounts payable and accrued expenses 9,242,640 . 7,721,225 . 18 Grants payable d 19 Deferred revenue 9 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable "j 22 Other liabilities (describe " ) 9,242,640 .1 7,721,225 . Organizations that follow SFAS 117, check here 1 U and complete lines 24 through 26 and lines 30 and 31 . 24 Unrestricted 25 Temporarily restricted m 26 Permanently restricted Organizations that do not follow SFAS 117, check here " 0 and complete lines 27 through 31 . u°, 27 Capital stock, trust principal, or current funds r 0 . 0 . y 28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 . 0 . 29 Retained earnings, accumulated income, endowment, or other funds 107 782 288 . 106 737 830 . z 30 Total net assets or fund balances 107,782,288 . 106,737 .830 . 131 Total liabilities and net assetsllund balances 1117,024,928 .1114,459,055 .1 ...... ........ .. , 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) 1 107 , 782 , 288 . 2 Enter amount from Part 1, line 27a 2 <576 L 388 .> 3 Other increases not included m line 2 (itemize) " SEE STATEMENT 9 9 8 , 412 , 511 . a Add dries t, 2, and 3 a 115 , 618 , 411 . 5 Decreases not included in line 2 (itemize) " SEE STATEMENT 10 5 8 , 880 , 581 . 6 Total net assets or fund balances at end of ear line 4 minus line 5 - Part II, column (b), line 30 g 106 , 737 , 830 . From 990-PF (2oo2) 223511 01-23-03 THE KENNETH T. AND EILEEN L . NORRIS FormP 990-PF 2002 FOUNDATION 95-6080374 3 a~ 1'V 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 acqui (c) Date acquired I (d) Date sold ~ - Purchas 2-story back warehouse, or common stock, 200 shs. MLC Co ) D - Donatioi (mo , day, yr.) (mo., day, yr.) 1a b SEE ATTACHED STATEMENTS (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) 18,882,206 . 17,027,914 . Complete only for assets shows m in column (h) and owned 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 (I) F.M.V. as of 12/31/69 as of 12/3t/69 over col. (j), if any Losses (from col. (h)) ~ If am, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) If loss), enter-0- m Part I, line 7 1,854,292 . 3 Net short-term capital gain or (loss) as defined m sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c). If (loss), enter -0- in Part 1, line 8 N/A I Part V I VUaIITICaiIOn Un(]er Section 4y4U(e) Tor Heducecf 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 It '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 peaod years 110 Distributon ratio Calendar ear or tax ear beginning in Adjusted qualifyingtdistributions stnbutions Net value of noncharftable-use assets (col (b) divided by col. (c)) 200 8 , 754 r 543 . 164 284 076 . .0532891 2000 9 , 649 , 684 .