990 ^^ Return of Private Foundation

990 ^^ Return of Private Foundation

+• .. 990_^^ Return of Private Foundation OMB No 1545-0052 Form or Section 4947 (a)(1) Nonexempt Charitable Trust 007 Department of the Treasury Treated as a Private Foundation Internal Revenue Service Note : The foundation may be able to use a copy of this return to satisfy state reporting requirements For calendar y ear 2007 , or tax y ear be Iinning , 2007 , and ending G Check all that aDDly Initial return Final return Amended return Address chance Name chance Name of foundation A Employer identification number Use the IRS label. CHARLOTTE & HARRY KATZ FOUNDATION , INC. 11-3295712 Otherwise , Number and street (or P 0 box number if mail is not delivered to street address) Room/ suite BTelephone number (see page 10 of the instructions) print or type. See S pecific 76-19 171ST STREET - City or town, state, and ZIP code C if exemption application is Instructions. pending, check here D I Foreign organizations, check here • FLUSHING NY 11366 2 Foreign organizations meeting the 85% test, check here and attach • ► H Check type of organization X Section 501 (c)(3) exempt private foundation computation . El Section 4947 ( a)( 1 ) nonexem pt charitable trust Other taxable private foundation - - - - - E If private foundation status was terminated I Fair market value of all assets at end J Accounting method X Cash Accrual under section 507(b)(1)(A) check here . 0. El of year (from Part fl, col (c), line Other (specify) _ _ _ _ _ _ _ _ _ _ _ _ _ F If th e foun d at ion is in a 60-month termination column (d) must on 16) 00, $ 529 , 253. (Part if, be cash basis) under section 507(b)(1)(B) check here . 110, F^ Ji^ Analysis of Revenue and Expenses (The (d) Disbursements total of amounts in columns (b), (c), and (d) (a) Revenue and (b) Net investment (c) Adjusted net for charitable may not necessarily equal the amounts in expenses per income income purposes books column (a) (see page 11 of the instructions)) ( cash basis only) I Contributions dts, grants etc, received (attach schedule) . 300 , 000. if the foundation is not required to Check attach Sch B Interest on savings and temporary cash investments 321. 321. STMT 1 Dividends and interest from securities . 13 , 903. 13 , 903. STMT 2 c4 a Gross rents . b Net rental income or (loss) 6 a Net gain or (loss) from sale of assets not on line 10 1 , 408. b Gross sales pnce for all assets on line 6a 395, 162 . 7 Capital gain net income (from Part IV, line 2) . 1 , 408. 8 Net short-term capital gain . Vt=U 9 Income modifications • • • • • • • • • U 10 a Gross sales less returns and allowances b Less Cost of goods sold • r c Gross profit or (loss) (attach schedule) . 11 Other income (attach schedule) , , • • , • 12 Total. Add lines 1 throu g h 11 315 632. 15 , 632. 13 Compensation of officers, directors, trustees, etc • • NON E 14 Other employee salaries and wages . , y 15 Pension plans, employee benefits • • • • • , 4) 16a Legal fees (attach schedule) • • • • • • • • • W b Accounting fees (attach schedule) • • • • • • c Other professional fees (attach schedule). v 17 Interest . , • • • . • • . • • , • . , • . a. H 18 Taxes (attach schedule) (see page 14 of the instructions 200. 19 Depreciation (attach schedule) and depletion. 20 Occupancy • . • , . • , . , . , • • . 21 Travel, conferences, and meetings • • • • • , 22 Printing and publications . , , • , • . , 23 Other expenses (attach schedule) EiTMT. 4 100. 100. 24 Total operating and administrative expenses. a Add lines 13 through 23 . 300. 100. 0 25 Contributions, gifts, grants paid . 246 , 338. 246 , 338 • 26 Total expenses and disbursements. Add lines 24 and 25 246 , 638. 246 , 438 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbursements 68 , 994. b Net investment income (if negative, enter -0-) 15 , 632. 1 c Adjusted net income ( if n egative, enter -0-) . -0- For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions . **STMT 3 Form 990 -PF (2007) JSA 7E14103000 470076 F482 05/08 / 2008 19:26 :55 V07-6.1 Form 990-PF(2007) 11 -329571 2 pane 2 Attached schedules and amounts in the Beginning of year End of year B a l ance Sh eets d escription column shou ld be for end -of-year amounts only (See instructions) (a) Book Value (b) Book Value (c) Fair Market Value I Cash - non-interest-bearing y , , , , , , , , , , , , , , , , 2 Savings and temporary cash investments , , , , , , , , , , 133 822. 190 583. 190 , 583 . 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 (attach schedule) (see page 16 of the instructions) 7 Other notes and loans receivable (attach schedule) ► _ _ _ _ _ Less allowance for doubtful accounts ► _ _ _ 8 Inventories for sale or use 9 Prepaid expenses and deferred charges , , , , , , , , , , , , in Q 10 a Investments - U S and state government obligations (attach schedule) , 70 , 000. b Investments - corporate stock (attach schedule) . STMT 5, , 255 023. 37 , 617. 38 , 670. c Investments - corporate bonds (attach schedule), STMT ,6, 300 , 000a 300 , 000 . 11 Investments - land, buildings, ► and equipment basis __________________ Less accumulated depreciation ► (attach schedule) ------------------- 12 Investments - mortgage loans , , , , , , , , , , , , , , , , 13 Investments - other (attach schedule) , , , , , , , , , , , , , 14 Land, buildings, and ► equipment basis __________________ Less accumulated depreciation ► (attach schedule) -------------------- 15 Other assets (describe ► ____________________) 361. 16 Total assets (to be completed by all filers - see the instructions Also, see page 1, item I) . 459 206. 528 200. 529 253. 17 Accounts payable and accrued expenses , , , , , , , , , , , 18 Grants payable . 19 Deferred revenue 20 Loans from officers, directors, trustees, and other disqualified persons ,v 21 Mortgages and other notes payable (attach schedule) , , , , , J 22 Other liabilities (describe ) 23 Total liabilities (add lines 17 through 22) . Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. N 24 Unrestricted . 25 Temporarily restricted , , , , , , , , , , , , , , , , , , , , m 26 Permanently restricted , , , , , , , , , , , , , , , , , , , , Foundations that do not follow SFAS 117, ti check here and complete lines 27 through 31. ► X o 27 Capital stock, trust principal, or current funds 460 , 884. 460 , 884. 28 Paid-in or capital surplus, or land, bldg , and equipment fund y 29 Retained earnings, accumulated income, endowment, or other funds , -1 , 678. 67 , 316. 30 Total net assets or fund balances (see page 17 of the z instructions),,,,,,,,,,,,,,,,,,,,,,,,, . 459 , 206. 528 200. 31 Total liabilities and net assets/fund balances (see page 17 of the instructions) . ................... 459 , 206. 528 , 200. 1 Analysis of Changes in Net Assets or Fund Balances I 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) . 1 459 206, 2 Enter amount from Part I, line 27a ...................................... 2 68 , 994 , 3 Other increases not included in line 2 (itemize) 3 ►------------------------------------- 4 Add lines 1, 2, and 3 4 528 200, 5 Decreases not included in line 2 (itemize) ► _ 5 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 . 6 528 , 200 . JSA Form 990 -PF (2007) 7E1420 2 000 470076 F482 05/08 / 2008 19:26:55 V07-6.1 Form 990-PF (2007) 11- 3 295712 Page 3 Capital Gains and Losses for Tax on Investment Income (b) How (c) Date (a) List and describe the kind(s) of property sold (e g real estate , acquired (d) Date sold acquired mo,day, yr ) 2-story brick warehouse, or common stock, 200 shs MLC Co) D -Donation (mo , day, yr) Ia SEE PART IV SCHEDULE b c d e Depreciation allowed (g) Cost or other basis (h) (loss) (e) Gross sales price (f) Gain or (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e C omplete onl y for assets showing g ain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col (h) gain minus Adjusted basis (k) Excess of col (I) col (k), but not less than -0-) or (i) F M V as of 12/31/69 (l) as of 12/31/69 over col ()), if any Losses (from col (h)) a b c d e If gain, 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 1 , 408. 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6) If gain, also enter in Part I, line 8, column (c) (see pages 13 and 17 of the instructions) If (loss), enter -0- In Part I, line 8. 3 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 foundation liable for the section 4942 tax on the distributable amount of any year in the base periods Yes No If "Yes ," the foundation does not qualify under section 4940 ( e) Do not complete this part 1I Enter the appropriate amount in each column for each year, see page 18 of the instructions before making any entries (a ) Base period years ( b) (c) Distribution ratio Calendar year (or tax year beginning in) Adjusted qualifying distributions Net value of nonchantable-use assets ( col (b) divided by col (c)) 2006 111 859. 393 544. 0.28423505377 2005 89 , 935. 402 578.

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