Fo~ It LW~~3'PF Return of Private Foundation
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OM B No 151 Fo~ It LW~~3'P F Return of Private Foundation ~ or Section 4947(a)(1) Nonexempt Charitable Trust Department 0 the Treasury Treated as a Private Foundation Internal Revenue Sen.ice Note . The aUon may be able to use a copy of this return to satisfy state reporting requirements . 2004 For calendar year 2004, or tax year bi and end G Check all that a I U Initial return U Final return U Amended return L lddi ess change U Name Name Employer identification number Use the IRS of organization label . Otherwise, HE RANDOLPH FOUNDATION 4 7-0892971 print Number and street (or P O box number if mail is not delivered to street address) Room suite B Telephone number ortype. 255 EAST 49TH STREET 23D X212)752-7148 See Specific City or town, state, and ZIP code If exemption application is pending, check here 1 Instructions . NEW YORK NY 10 017 D 1 . Foreign organizations, check here 10 2, Foreign organizations meeting the 85% test, , a H Check type of organization ~X Section 501(c)(3) exempt private foundation check here and attach computation 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundation [] Section E If private foundation status was terminated I f air market value of all assets at end of year J Accounting method =1 Cash = Accrual under section 507(b)(1)(A), check here 10, o (from Part //, cc/. (c), line 16) D Other (specify) MODIFIED CASH F If the foundation is in a 60-month termination 1111l. $ 6 8 4 9 8 0 2 2 . (Pan t, column (d) must be on cash basis.) under section 507(b)( 1 )( B), check here 10, 171 Lpg!i 1] Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (I :) Adjusted net (d) Disbursements [The total of amounts in columns (b), (c), and (d) may roc ~rcharitable purposes necessanly equal the amounts in column (a) ) expenses per books income income (cash basis only) 1 Contributions, gifts, grants, etc , received N/A Q Check ladthefounda4oni5notrequired toattach SchB Interest on savings and temporary cash investments 66 , 7 4 7 . 66 747 . Statement 2 4 Dividends and interest from securities 1,000,700 . 974 696 . Statement 3 5a Gross rents b Net rental income or (loss) Net gain or (loss) from sale of assets not on y 6a line 10 ~ 2 , 231,234 . Statement 7 Gross sales price for all y b assets on line 6a 19 , 288 , 477 . line 2, , G1 Capital gain net income (from Part IV, 2) 336 206 . 8 Net short-term capital gain 9 Income modifications Gross sales less returns a and allowances O C~1 b Less Cost of goods sold 00 c Gross profit or (loss) 11 Other income ~ 12 Total. Add lines 1 through 11 3 , 298 , 681 . 3 , 377 649 . ~ 13 Compensation of officers, directors, trustees, etc 353 , 333 . 113, 833 . 239 500 . X 14 Other employee salaries and wages 283, 770 . 25 , 639 . 258,131 . L; 15 Pension pans, employee benefits 158, 557 . 15 , 299 . 143 f 258 . 16a Legal tees Stmt 4 221,355 . 0 . 118,640 . b Accounting fees Stmt 5 73,500 . 31, 050 . 42 , 450 . c Of Rr_ofessional fees Stmt 6 564,849 . 509, 041 . 18,991 . 17 ant rest 65, 750 . 0 . 0 . R E C~ 18 Ta es E M" m 7 191 224 . 0 . 1,500 . 9 De ra tion and de letion C/) 38, 975 . 10 913 . 20 oc oNp cy~~~ ~ 7 zm ~ 67 041 . 18 547 . 48,494 . a 21 Tr vet, onferences, and meetings cz 116 , 796 . 10 119 . 106,677 . 22 Pr tmg 2 4 , 2 5 7 . 4 , 098 . 20 , 159 . a138riq UT 23 of erexp 8 107,538 . 23 899 . 83,639 . 24 Total operating and administrative c. expenses. Add lines 13 through 23 2 , 266 , 945 . 762'1 438 . 1 , 081 , 439 . X 25 Contributions, gifts, grants paid 2, 185 , 700 . 2 1 185 1 700 . 26 Total expenses and disbursements. Add lines 24 and 25 4 , 452 , 645 . 762 1 438 . 3 267 139 . 27 Subtract line 26 from line 12 8 Excess of revenue over expenses and disbursements -1 15 3 , 9 6 4 . b Net investment income (if negative, enter -0-) 2 , 615 , 211 . c Adjusted 1101 income (if negative, enter -0-) N/A LHA For Privacy Act and Paperwork Reduction Act Notice, see the instructions . Form 990-PF (2004) 423501 01-03-05 1 16231110 788682 1263 2004 .05002 THE RANDOLPH FOUNDATION 1263 2 THE RANDOLPH FOUNDATION 47-0892971 ' !A-Page'2! schedules and amounts in the descript on Beginning of year End of P#K1 11 j Balance Sheets A""' column'd should be for encl-of -year amounts only (a) Book Value b) Book Value I Fair Market Value 1 Cash - non-interest-bea ring 388,059 . 5 4 3, 1 4 543,149 . 2 Savings and temporary cash investments 15,982 .1 -6-.174 .573 . 6,174,573 . 3 Accounts receivable 01 Less allowance for doubtful accounts 10' 4 Pledges receivable 10' Less allowance for doubtful accounts 10' 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons 7 Other notes and I oans receivable Less allowance for doubtful accounts 110- 8 Inventories for sale or use 4) 44 9 Prepaid expenses and deferred charges 10a Investments - U S and state government obligations StMt 9 4,646,584 . 5,441,443 . 5r212,876 . b Investments - corporate stock Stmt 10 18,635,130 . 23,786,193 . 30,437,848 . c Investments - corporate bonds Stmt 11 3,107, 2,890,265 . 3,805,026 . 11 Investments -land, buildings, and equipment basis Less accumulated depreciation 12 Investments - mortgage loans 13 Investments - other Stmt 12 17,915,256 . 20,712,922 . 20,208,695 . 14 Land, buildings, and equipment basis 01 1,208,479 . Less accumulated depreciation 388,878 . 847,910 . 819 .601 . 2,115,855 . 15 Other assets (describe 16 Tota I assets (to be completed by all filers) 61,522,110 .1 60,368,146 .1 68,498,022 . 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 22 Other liabilities (describe No- 0 . 0 . Organizations that follow SFAS 117, check here Io. I X and complete lines 24 through lines 30 and 31 . ta 26 and 24 Unrestricted 61,522 .110 .1 60 .368,146 . .s 25 Temporarily restricted M M 26 Permanently restricted c Organizations that do not follow SFAS 117, check here 01 F LL and complete lines 27 through 31 . 0 ,, 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 Z0 30 Total net assets or fund balances 61 .522,110 .1 60,368,146 . 31 Total liabilities and net assets/fund balances 1 61,522,110 .1 60,368r146 . pa Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part 11, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 61,522,110 . 2 Enter amount from Pad 1, line 27a -1,153,964 . 3 Other increases not included in line 2 (itemize) 10, 0 . 4 Add lines 1, 2, and 3 60,368,146 . 5 Decreases not included in line 2 (itemize) 01 0 . 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part 11, column (b), line 30 60,368LI46 . Form 990-PF (2004) 423511 01-03-05 2 16231110 788682 1263 2004 .05002 THE RANDOLPH FOUNDATION 1263 2 grffi,9-90-PF,(2004) THE RANDOLPH FOUNDATION 47-0892971 ' I-Pa-QeJ t Part JVT Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e g , real estate, How acquired I - Purchase (c) Date acquired (d) Date sold 2-story brick warehouse, or common stock, 200 shs MLC Co ) D - Donation I (m( I (mo , day, yr b See Attached Statement d (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) I (or allov I plus expense of sale (e) plus (f) minus (g) C 19,393,449 .1 1 17,057,243 . 206 . Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (1) Gains (Col (h) gain minus 1 (j) Adjusted basis (k) Excess of col (i) col (k), but not less than -0-) or (1) F M V as of 12/31/69 as of 12/31/69 over col (1), if any Losses (from col (h)) a d 2r336,206 . If ain, also enter in Pad 1, line 7 2 Capital gain net income or (net capital loss) It ?Ioss), enter -0- in Pad 1, line 7 2 2 .336,206 . 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If gain, also enter in Part 1, line 8, column (c) If (loss), enter -0- in Pad 1, line 8 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 organization liable for the section 4942 tax on the distributable amount of any year in the base penod9 Yes EX-1 No If "Yes,"the orQanization 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 (a) (d) Base period years (b) (0 Distribution ratio Calendaryear (ortaxyear beginning in) Adjusted qualifying distributions Net value of noncharitable-use assets (col (b) divided by col (c)) 2003 3,098,695 .