capital gains andlossesfortaxoninvestment...

Form 990M1 PF

Department of the TreasuryInternal Revenue Service

Return of Private Foundationor Section 4947(aXl) Nonexempt Charitable Trust

Treated as a Private Foundation

Note : The organization may be able to use a copy of this return to satisfy statereporting requirements

OMB No 1545-0052

2005

For calendar year 2005 , or tax rear beginnin g , 2005 , and ending I

G Check all that apply : Initial return Final return Amended return Address change Name change

UC9VIVA

Use theA Employer identification number

IRS label . Marine Society of the City of New York 13-5643623Otherwise , 17 Battery Place Suite 714 B Telephone number (see instructions)

printor type. New York, NY 10004-1207 212-425-0448

See Specific C If exemption application is pending, check hereInstructions. D 1 Foreign organizations, check here

H Check type of organization: Section 501(c)(3 exempt private foundation 2 Foreign organizations meeting the 85% test, check

Section 4947(a) (1) nonexem p t charitable trust X Other taxable private foundation

qhere and attach computation

I Fair market value of all assets at end of year J Accounting method: X Cash Accrual E If private foundation status was terminated qunder section 507(b)( 1)(A), check here

(from Part ll, column (c), line 16) Other ( s ecif ) _ _ _ _ _ _ _ _ _ _ _ _p y F If the foundation is in a 60 - month terminationI. $ 3, 265, 862. (Part column d must be on cash basis under section 507 (b)(1)(B), check here

Ana ysis of Revenue and (a) Revenue and (b) Net investment (c) Adjusted net (d) DisbursementsExpenses (The total of amounts in expenses per books income income for charitablecolumns (b), (c), and (d) may not neces- purposessarily equal the amounts in column (a) (cash basis only)(see instructions) )1 Contributions , gifts, grants , etc, received (att sch) „ff„f

r'f s"ti ,,,,,

req to att Sch B2 Ck if the foundn is notnffffff:' f

;; ;; ::::::r:ftf, f

1""'t:.5'ff::: ?"Mff5

3 Interes on savings and temporary #ss%"""ffr'ff{3333333333 '; fffcash investments l'%s{%#%%isskss{sssis#ssss's's%:ss

4 Dividends and interest from securities 108, 993. 108, 993. 108, 993.ff,^^ffffHffff^fffffffNssf„'f'f

5 a Gross rents rf%{%fss %sss%s-ssssssss''s'sb Net rental income :'::f'f: fffs,ffxfN,fffffHffffffffff,f

6 a Net gam/Qoss) from sale of assets not on line 10 -27, 963. ffff,Y.ff.fff • fffffff'fffffYff

Eb Gross sa l es price fo r a ll 250 102.

assets on line 6a' ' ` '''" " '''''v 7 Capital gain ne (from Part IV, line 2)

55,O. "'%;''''''sN'sif`s"s s's#s's ttss s% sis i ssss

EN

8 rm ca ital gain^

;x f'ssfff fffffff....sss;ff^ff'fs'f f:^ff ssffs?^^f ''f;''`

0. s''sff;;

S ss tsss

E ss0urns and f ff

::;fNsssssis;,ffsfsszssf'fvfffff;fsffffffffffff fss^s's

N

`s'sf`s's;?ii'sMM fff:/„s

allows ^fc eff;f;f f;f^ff # ^s f,fff's i sss^#

sisfr,'ssiiiisi sis'ff fCs. of^9

;#sssssss%s%s%sss%%' ss^% i^;'ss'##%s' f s#ssisszoods sold ss^s

f ' ' ``' ` ` ' ````^dl c I att sch `ss%?isss#s #### `ss• # ss s's ;%'s `zs`z'z

ch schedule) fs,,,ff;N,,,,,,See Statement 1 55,994.

2 Total . Add lines 1 th rough 11 137 024. 108 993. 108 993. ±r''£13 Compensation of officers, directors , trustees, etc 0 .

14 Other employee salaries and wages 13, 397. 3,349. 3,349. 10,049.15 Pension plans, employee benefits

A16a Legal fees (attach schedule ) See St 2 7,745. 1, 936. 1, 936. 5,810.

N b Accounting fees (attach sch ) See St 3 6, 895. 1, 724. 1 724. _5 1` 171.0 c Other prof fees (attach sch) See St 4 120. 30. 30. 90.SP

E T

17 InterestEA 18 Taxes ( attach schedule ) See Stmt 5 7, 908. 1, 977. 1, 977. 5, 932.T T 19 Depreciation ( attach schedule ) and depletion 249. 125. 125. Nff

Nv 20 Occupancy .. 19 , 244. 4 , 811. 4 , 811. 14, 433.

G E 21 Travel, conferences, and meetings 327. 82. 82. 245.

N E 22 Printing and publications 3 , 375. 844. 844. 2 , 531.D P 23 Other expenses (attach schedule)

NSee Statement 6 74,012. 18,507. 18,498 . 55,518.

E 24 Total operating and administratives expenses . Add lines 13 through 23 133 272. 33,385. 33 , 376. 99 , 779.

25 Contributions , gifts, grants paid Stmt. 7 79 , 794. ^1 16 79 , 794.

26 Total expenses and disbursements.Add lines 24 and 25 213 066. 33,385. 33,376. 179 573.

27 Subtract line 26 from line 12: s's'sffgffffs,,,,33,3,333,3 ....#f

r^

ff,f

a Excess of revenue over expensesand disbursements 7 6 042 .

;.^ssss :sisssssf s s ss^"%s%fssffffff;'t't`s`sfffffffff, 't i# sssi'si`ts%ss%ff

b Net investment income (i f negative , enter -0-) • 75608.,r

Adjusted net income (i f negative , enter -0-)C,ff5',.' 75 , 617. ff',f3333MM,

BAA For Privacy Act and Paperwork Reduction Act Notice . see the instructions. TEEA0503L 09/19/05 Form 990-PF (2005)

a^

W

Fnrm 990-PF (2On5) Marine Society of the City of New York 13-5643623 Paae 2If.

... h Attached schedules and amounts in the description Beginning of year End of year,:R -# k## Balance Sheets column should be for end-of - year amounts only

(See InsWchons (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-Interest-bearing 97 , 684. 37, 653. 37, 653.

2 Savings and temporary cash investments

3 Accounts receivable ► #';; t:sssssss;; wssx;

;; rfss ;rf;s-- s s s

Less- allowance for doubtful accounts 10

4 Pledges receivable- - - - - - - - -

%s'`sss s f##ssi

Less: allowance for doubtful accounts----------

5 Grants receivable

6 Receivables due from officers , directors, trustees , and otherdisqualified persons ( attach schedule ) ( see instructions)

7 Other notes and loans receivable (attach schl 01 ......#...;ss;«%;s;s

Less allowance for doubtful accounts 1`Ss

----------8 Inventories for sale or use

et9 Prepaid expenses and deferred charges

s 10a Investments - U.S. and state governmentobligations (attach schedule) 837, 010. 325, 628. 359, 548.

b Investments - corporate stock (attach schedule ) 1, 549, 151. 1, 455, 687. 2,297,932.

c Investments - corporate bonds (attach schedule ) 510, 635. 475, 348.

11 Investments - land, buildin gs, and .equipment basis #,s{s,,.,,sss„ ,..,+,s ii.,,,,.N,,;: ss;f;;; :s :sz,;:;;#;:.s.,f##;####$i%,,.,,.,; ,..,., :,,,'s x;;;s.,.,,M.,,,,s ; #"i'%";;'•'ss's''s#^.w###%#;%„##^ #^#is,'• .^;#,.,.,^.

Less: accumulated depreciation(attach schedule)

--------- -12 Investments - mortgage loans

13 Investments - other (attach schedule) 73, 088. 86,050.

14 Land, buildings, and equipment: basis 01 9,787

Less: accumulated depreciation_ 9 ,78 7 .(attach schedule) See Stmt 8 ► 249._ _ _

15 Other assets (describe ► See Statement 9 )-----------

1,031. 9,331. 9,331.-----

16 Total assets (to be completed by all filers -see instructions Also, see page 1, item I 2, 485, 125. 2, 412, 022. 3, 265, 862.

L 17 Accounts payable and accrued expenses #########% rrri ',r rri'''#s#?'ss

a 18 Grants payable

b 19 Deferred revenue ## # %#%# r;###

20 Loans from officers, directors, trustees , & other disqualified persons sss'

i 21 Mortgages and other notes payable (attach schedule )

t 22 Other liabilities describe 0, See Statement 10 ) 12,956. 15,895 .

s 23 Total liabilities (add lines 17 through 22) 12,956. 15,895. #f##± i"#r±## NNNrr{rr±±±rfOrganizations that follow SFAS 117, check here X ZZ:%s srs s•%s

and complete lines 24 through 26 and lines 30 and 31. #,s

N F 24 Unrestricted 2 , 472 , 169. 2 , 396 , 127.Temporarily restricted25 '{ "#;##N#s;s###

{{{,{..........t n

d 26 Permanently restricted

Organizations that do not follow SFAS 117, check here

s a and complete lines 27 through 31.` 'e Is''#s#s# ###z #s# s s#sis%%s .....'t a 27 Capital stock, trust principal, or current funds '#?#% s Ns#sss

s n 28 Paid-In or capital surplus, or land, budding , and equipment fund m 's r Ss $ fjr %i'

o e 29 Retained earnings, accumulated income, endowment, or other funds

r s 30 Total net assets or fund balances (see instructions) 2,472,169. 2,396,127. '# r# . .... .... -31 Total liabilities and net assets/fund balances ''11r110W

(see instructions ) 2,485,125 . 2 412, 022. yr%%#%{ "r##-%#%%#%r ##

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' 1694722end-of-year figure reported on prior year s return) 1 .,,

2 Enter amount from Part I, line 27a 2 -76, 042.

3 Other increases not included in line 2 ( itemize) 3

4----------------------------

Add lines 1, 2, and 3-

4 2 ,396,127.5 Decreases not included in line 2 ( itemize) 1 5

6

__________ _________________

Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30

__

6 2,396,127.BAA TEE,asou o9n9ros Form 990-PF (2005)

Form 990-PF (2005) Marine Society of the City of New York 13-5643623 Capital Gains and Losses for Tax on Investment Income

1 (a) List and describe the kind(s) of property sold (e.g., real estate,` 2-story brick warehouse, or common stock, 200 shares MLC Company)

(b) How acquiredP - PurchaseD - Donation

(c) Date acquired(month, day, year)

(d) Date sold(month, day, year)

la See Statement 11

b

c

d

e

(e) Gross sales price (f) Depreciation allowed(or allowable)

(g) Cost or other basisplus expense of sale

(h) Gain or (loss)(e) plus (f) minus (g)

a

b

c

d

e

Comp lete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Column (h)(i) Fair Market Value

as of 12/311/69(j) Adjusted basisas of 12/31/69

(k) Excess of column (i)over column (I), if any

gain minus column (k), but not lessthan -0-) or Losses (from column (h))

a

b

c

d

e

2 Capital gain net income or (net capital loss). If gain, also enter in Part I, line 7If (loss), enter -0- in Part I, line 7 2 -27 , 963.

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 instructions) If (loss), enter -0-in Part I, line 8 3 -27, 963.

" 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 period? EYes 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.

(a)Base period years

Calendar year (or tax yearbeginning in)

(b)Adjusted qualifying distributions

(c)Net value of

noncharitable-use assets

(d)Distribution ratio

(column (b) divided by column (c))

2004 188,705. 3 , 107 , 561. 0.0607242003 149, 660. 3, 118, 902. 0.0479852002 139 942. 2 , 964 , 460. 0.0472072001 153,010. 3 , 134 , 572. 0.0488142000 172,892. 3,071,005. 0.056298

2 Total of line 1, column (d) 2 0.261028

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by thenumber of years the foundation has been in existence if less than 5 years 3 0.052206

4 Enter the net value of noncharitable-use assets for 2005 from Part X, line 5 4 3 , 190 678.

5 Multiply line 4 by line 3 5 166 573.

6 Enter 1 % of net investment income (1 % of Part I, line 27b) 6 756.

7 Add lines 5 and 6 7 167, 329.

8 Enter qualifying distributions from Part XII, line 4 8 179 573.

If line 8 is equal to or greater than line 7 , check the box in Part VI, line 1 b, and complete that part using a 1 % tax rate. See thePart VI instructions

BAA Form 990-PF (2005)

TEEA0303L 09/19/05

Form 990-PF 2005 Marine Society of the City of New York 13-5643623 Excise Tax Based on Investment Income (Section 4940(a) , 4940(b) , 4940(e), or 4948 - see instructions

1 a Exempt operating foundations described in section 4940(d)(2), check here ► and enter 'N /A' on line 1 f'sisz##'s?{;$%'ss11,0111Date of ruling letter _ _ - - - - _ (attach copy of ruling letter if necessary - see instructions)

b Domestic organizations that meet the section 4940(e) requirements in Part V, 1 56.check here and enter 11% of Part I, line 27b ""

c All other domestic organizations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, column (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0.

3 Add lines 1 and 2 3

.

56.4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0.

5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- 5 56 .6 Credits/Pa ments

a 2005 estimated tax pmts and 2004 overpayment credited to 2005 6 a 1 50 0

b Exempt foreign organizations - tax withheld at source 6b #%frr%%"%%%s %i ##r !{ rr

c Tax paid with application for extension of time to file (Form 8868) 6c %%r

d Backup withholding erroneously withheld 6d

7 Total credits and payments Add lines 6a through 6d 7 1,500.

8 Enter any penalty for underpayment of estimated tax Check here if Form 2220 is attached 8

9 Tax due If the total of lines 5 and 8 is more than line 7, enter amount owed 9 0.

10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 10 744.11 Enter the amount on line 10 to be- Credited to 2006 estimated tax 744. Refunded ' 11 0.

Statements Regarding Activities

1 a During the tax year, did the organization attempt to influence any national , state, or local legislation or did it r Yes No

participate or intervene in any political campaign? 1 a X

b Did it spend more than $100 during the year ( either directly or indirectly ) for political purposes ( see instructions for definition)? 1 b X

If the answer is 'Yes' to la or 16, attach a detailed description of the activities and copies of any materials published ^ ;r:;;^f rs ror distributed by the organization in connection with the activities

c Did the organization file Form 1120-POL for this year? 1 c Xd Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year: ####'s?'s{ `;;?#'

(1) On the organization $ 0. (2) On organization managers ► $ 0.e Enter the reimbursement ( if any) paid by the organization during the year for political expenditure tax imposed onorganization managers $ 0.

2 Has the organization engaged in any activities that have not previously been reported to the IRS? 2 X

If 'Yes,' attach a detailed description of the activities # $%r

3 Has the organization made any changes , not previously reported to the IRS, in its governing instrument, articlesof incorporation , or bylaws, or other similar instruments? If 'Yes,' attach a conformed copy of the changes 3 X

4a Did the organization have unrelated business gross income of $1,000 or more during the year? 4a X

b If 'Yes,' has it filed a tax return on Form 990-T for this year? 4b N A

5 Was there a liquidation , termination, dissolution, or substantial contraction during the year? 5 X

If 'Yes,' attach the statement required by General Instruction T

6 Are the requirements of section 508 (e) (relating to sections 4941 through 4945) satisfied either :

• By language in the governing instrument , or ,,, M

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict '==== M=`"`"```"{ `"with the state law remain in the governing instrument? 6 X

7 Did the organization have at least $5,000 in assets at any time during the year? If 'Yes,' complete Part II, column (c), and PartXV 7 X

8a Enter the states to which the foundation reports or with which it is registered (see instructions)

$b If the answer is Yes' to line 7, has the organization furnished a copy of Form 990-PF to the Attorney General(or designate) of each state as required by General Instruction G? If 'No,'attach explanation 8b

9 Is the organization claiming status as a private operating foundation within the meaning of section 49420)(3) or 4942(j)(5) for calendar year 2005 or "' ' "`%the taxable year beginning in 2005 (see instructions for Fart XIV)7 If 'Yes, 'complete Part XIV 9 X

10 Did any persons become substantial contributors during the tax year? . ..

"

X

If 'Yes,' attach a schedule listing their names and addresses

t11 Did the organization comply with the public inspection requirements for its annual returns and exemption application? Xi ,Web site address ► N/A

------------------------------- ------ ---12 The books are in care of ► TAXPAYER Telephone no. ►

----------------------- ---

-

------- ---Located at ► SAME AS ABOVE, ZIP + 4 ►

13----------------------------------- ------

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here----0-

N/A

and enter the amount of tax-exempt interest received or accrued during the year 13 I N/ABAA Form 990-PF (2005)

TEEA0304l 09/19/05

Form 990-PF 2005 Marine Society of the City of New York 13-5643623 ;. ,-,.-... Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the 'Yes' column , unless an exception applies.

1 a During the year did the organization (either directly or indirectly):

(1) Engage in the sale or exchange , or leasing of property with a disqualified person? F]Yes XJ No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) adisqualified person? Yes X No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? Yes M No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes X No

(5) Transfer any income or assets to a disqualified person (or make any of either availablefor the benefit or use of a dis ualified erson)? 1-1 Yes Noq p

(6) Agree to pay money or property to a government official? (Exception . Check 'No' if theorganization agreed to make a grant to or to employ the official for a period after terminationof government service, if terminating within 90 days.) [Yes

b If any answer is 'Yes' to la(1)-(6), did any of the acts fail to qualify under the exceptions described inRegulations section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)?

Organizations relying on a current notice regarding disaster assistance check here

c Did the organization engage in a prior year in any of the acts described in la, other than excepted acts,that were not corrected before the first day of the tax year beginning in 2005?

2 Taxes on failure to distribute income (section 4942) does not apply for years the organization was a(jprivate operating foundation defined in section 4942 )(3) or 4942(1)(5)).

a At the end of tax year 2005, did the organization have any undistributed income (lines 6d7 Xand 6e, Part XI I I) for tax year(s) beginning before 2005 [Yes j No

If 'Yes,' list the years b" 20 , 20 , 20 , 20

b Are there any years listed in 2a for which the organization is not applying the provisions of section 4942(a)(2)(relating to incorrect valuation of assets) to the year's undistributed income? ( If applying section 4942 (a)(2) toall years listed , answer 'No ' and attach statement - see instructions.)

c If the provisions of section 4942 (a)(2) are being applied to any of the years listed in 2a, list the years here.

11 20__ ,20 _ , 20_ ,20_

3a Did the organization hold more than a 2% direct or indirect interest in any businessenterprise at any time during the year? [-I Yes XM No

b If 'Yes ,' did it have excess business holdings in 2005 as a result of (1) any purchase by the organizationor disqualified persons after May 26 , 1969; (2) the lapse of the 5-year period (or longer period approvedby the Commissioner under section 4943 (c)(7)) to dispose of holdings acquired by gift or bequest, or(3) the lapse of the 10-, 15-, or 20 - year first phase holding period ? (Use Schedule C, Form 4720, todetermine if the organization had excess business holdings in 2005)

4a Did the organization invest during the year any amount in a manner that would jeopardize itscharitable purposes?

b Did the organization make any investment in a prior year (but after December 31, 1969) that couldjeopardize its charitable purpose that had not been removed from jeopardy before the first day ofthe tax year beginning in 2005?

5a During the year did the organization pay or incur any amount to,

(1) Carry on propaganda , or otherwise attempt to influence legislation (section 4945(e))9 E]Yes 71 No

(2) Influence the outcome of any specific public election (see section 4955), or to carryon, directly or indirectly , any voter registration drive?

HYes

Yes XX No

(3) Provide a grant to an individual for travel, study , or other similar purposes ? X No

(4) Provide a grant to an organization other than a charitable, etc, organization describedin section 509(a)(1), (2), or (3), or section 4940(d)(2)? [ Yes X No

(5) Provide for any purpose other than religious, charitable , scientific, literary, oreducational purposes , or for the prevention of cruelty to children or animals ? [ Yes XX No

b If any answer is 'Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptionsdescribed in Regulations section 53.4945 or in a current notice regarding disaster assistance(see instructions)?

Organizations relying on a current notice regarding disaster assistance check here El

c If the answer is 'Yes' to question 5a(4), does the organization claim exemption from thetax because it maintained expenditure responsibility for the grant? N/A F]Yes [ No

If 'Yes, 'attach the statement required by Regulations section 53 4945-5(d)

6a Did the organization, during the year, receive any funds, directly or indirectly, to pay premiumson a personal benefit contract? Yes No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?

If you answered 'Yes' to 6b. also file Form 8870

BAA TEEA0305L 09119/05

No

A

X

A

A

X

A

X

Form 990-PF (2005)

Form 990-PF 2005 Marine Society of the City of New York 13-5643623 Information About Officers , Directors, Trustees, Foundation Managers , Highly Paid Employees,and Contractors

1 I ict all officers . directors . trustees . foundation managers and their compensation (see instructions).

(a) Name and address

(b) Title and averagehours per week

devoted to position

(c) Compensation(if not paid , enter -0-)

(d) Contributions toemployee benefitplans and deferredcom pensation

(e) Expense account,other allowances

- -----------------------See Statement 12 0. 0. 0.

------------------------

------------------------

-------------------------

2 Compensation of five highest -paid emolovees (other than those included on line 1- see instructions). If none . enter'NONE.'

(a) Name and address of each employeepaid more than $50,000

(b) Title and averagehours per week

devoted to position

(c) Compensation (d) Contributions toemployee benefitplans and deferred

compensation

(e) Expense account,other allowances

None------------------------

------------------------

------------------------

------------------------

- - - - - - - - - - - - - - -

- - - - - - - - -Total number of other employees paid over $50,000

3 Five highest- paid independent contractors for professional services - (see instructions ). If none , enter 'NONE.'

(a) Name and address of each person paid more than $50.000 (b) Type of service (c) Compensation

None-------------------------------------

Total number of others receiving over $50,000 for professional services

Summary of Direct Charitable ActivitiesFEWORWList the foundation's four largest direct charitable activities during the tax year Include relevant statistical information such as the number oforganizations and other beneficiaries served , conferences convened , research papers produced, etc

Expenses

1 N/A-------------------------------------------------------------------------------------------------------

2------------------------------------------------------

------------------------------------------------------

3------------------------------------------------------------------------------------------------------------

4

------------------------------------------------------

BAA TEEaa3o6L 09n9/05 Form 99U-PF (1uu5)

Form 990-PF (2005) Marine Society of the City of New York 13-5643623

;IX Summary of Program-Related Investments (see instructions)

Describe the two largest pro gram-related investments made by the foundation during the tax year on lines 1 and 2. Amount

1 N/A------------------------------------------------------------------------------------------------------------

2 ------------------------------------------------------

------------------------------------------------------

All other program-related investments See instructions.

3 ------------------------------------------------------------------------------------------------------------

Tota l. Add lines 1 through 3 0.

Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see instructions.)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc, purposes:a Average monthly fair market value of securities 1 a 3,198,727.

b Average of monthly cash balances 1 b 31,209.

c Fair market value of all other assets (see instructions) 1 c 9, 331.

d Total (add lines 1a, b and c) 1 d 3, 239, 267.

e Reduction claimed for blockage or other factors reported on lines la and 1c

(attach detailed explanation) 1 e 0.

2 Acquisition indebtedness applicable to line 1 assets 2 0.

3 Subtract line 2 from line ld 3 3, 239, 267.

4 Cash deemed held for charitable activities. Enter 1-112% of line 3 (for greater amount, see instructions) 4 48, 589.

5 Net value of noncharitable-use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 3,190,678.

6 Minimum investment return . Enter 5% of line 5 6 159,534.

Wkiffi.a%d Distributable Amount (see instructions) (Section 4942(1)(3) and 0)(5) private operating foundations and certain

foreign organizations check here and do not complete this part )

1 Minimum investment return from Part X, line 6 1 159,534.

2a Tax on investment income for 2005 from Part VI, line 5 2a 756. 71"-b Income tax for 2005. (This does not include the tax from Part VI.) 2b

c Add lines 2a and 2b 2c 756.

3 Distributable amount before adjustments. Subtract line 2c from line 1 3 158,778.

4 Recoveries of amounts treated as qualifying distributions 4

5 Add lines 3 and 4 5 158,778.

6 Deduction from distributable amount (see instructions) 6

7 Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7 158,778.

Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc, purposes:a Expenses, contributions, gifts, etc - total from Part I, column (d), line 26 1a 179 , 573.b Program-related investments - total from Part IX-B 1 b

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc, purposes 2

3 Amounts set aside for specific charitable projects that satisfy the.a Suitability test (prior IRS approval required)

M

3a

b Cash distribution test (attach the required schedule) 3b

4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 179,573.

5 Organizations that qualify under section 4940(e) for the reduced rate of tax on net investment income.Enter I% of Part I, line 27b (see instructions) 5 756.

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 178,817.

Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whethqualifies for the section 4940(e) reduction of tax in those years

er the foundation

BAA Form 990-PF (2005)

TEEA0307L 11 /07/05


-i€ Undistributed Income (see instructions)

(a) b c (d)

Corpus Years prior to 2004 2004 2005

1 Distributable amount for 2005 from Part XI , z#:z##z#z##z## i's`,# #"%#z %### ##s s'szss##sssr### `#r

zr##zzzzz {„ N'N„ne 7l

„ „ #rx xfzizs •<zz x frrzz #zz x x xrr 158+^,+ rr^ r^zzzz 778.ss/r ,

n2 Undistributed income, if any, as of the end of 2004 zzfzz ;zz zz3z+ r x zzzzz zzz 4# #^##`tz##:z#'z ;r# ###^#'r###"####### z###/x # #z#^#####zr zz## s#x#xrx's####'s,r.^frx rrr /,zr</,zzr,zz ,zzz#sssssssssssssss+#ss # ?{+ii>iiiizzzizziiiiiir#iiJ, r xrr x ziiiizzzzzz /izzzzziz iiiiiii r rz i ii+irir/ +++r/r+x^ ^+i zz'ri' riir`zz rrzz urr/ „} r.x!r+ /+rzrr r/r+/

`îNkizzzzzzzii##zzzz zzz za Enter amount for 2004 only rrr ,#^zzzzz^/rr//rrrr ,zr^/r;x,/,»rr #z# zzzzzzzz/ zzzzzzx zz 0 zrzzzi<}vizzizzzzizii^xi r rfrx„x++x x++++++,x,xx++^x»,++^z r:+» xr rzzzzzzzzzx'+",zzz'z;;zzz ,,,»++»rrxxxxxrxrxrrrx+rrx+r++x r xzz

20 20b Total for prior years 20 0 . ######s####'s####s######s##s#'si''#s' )s##zzzr•r /xxrxxx+xx+x-carryover , if an y, to 20053 Excess distributions Y,

zz zr' zz zrz x' zzzz zz zz 'zsrs#sss# # s### s%rrrrrrssssssss#s z ?r##sszzzzzz# r f/szzzz#s''s'`ss"ss%:#;i: ìî zizzz izzzzz#'ss#s ' ' ^ xx/r/rxx+x,xxr x rr/rrr+rrrxrxx+rx»xx r#.##Y+# #r^#r ; .......rr rr/r ...... ..../rr^rrz'.zz.rrrrrrre##% : ## #' 'rom 2000a 1 226 . rr +rf /r rr rrr rr , grgr,z 5 /+5## ## zY. .{,rr /;r{'.z#######Y'####:#/r/,b,,,,:zz rfrrrrr/rr:,rrr++++,+r f•/.##z/" z zzzz < r iggggs% ssz'ss, .P

rr/r,xrrr r „r,f/ xr xrxrrrrrr f/.r< r /r„zzzzzzzzzz + /.zzzzNzzzzzzzzzzzzxxf^s /,rr/rxxxrrrxx»/rsss s% x##i## % ssfs; zzzzzz %/>;>rr</z /.... ...... s z z r zzrrsssss%ss;:sssisss s `''From 200 74 , 33 . gg""gxr r >i:zzzzzzzzi^zzzzzz, z•;< zzfz zzizzx^rzzz %s zrz^r><xxrxxr r rr#zz;<zz rr/,zzzzzz zz ^sssss%#•, rzzz, z zzzzzzz„zzrz zz,;;zzzz:,:zz `^€^5

rx>rr /, +,,+' z rr rrrr r rr;,zzz;;;,z +r> x;,;.zzr r xfr:r .rr rr^rxr,rrrrrr<z.,;;;,,r^rr+r< r f r #f x r xrrfr+rx,»x .;;rrrx '„z#r####,,xrrrrrrxrrrrr^rzz###-## xr r xxz# z z^ ####zz;,z^.,,;,: ^ ^^^ , r,ss^c From 2002 . r rrr/x++ xr /,,,x/x+ + xrrrrrr r###f## r+rrx zzz## ##/^### ##### r/;rr zrzz ;zz{z' z^fzz;<zz zzzzzz xrr/; zz'/r+'z xr^r<xz"ii%#ir^fsss ##r## r f' '.'#.####x##%#'###.N ^fNd F rom 2003 2 , 339 . !, r.+, ,++:zrr rr /,rrrr/,/+:r*f#rr^.,xr,# rrirr,rx» r xr<r+/xr/++xx ff xlf./r r f#^ss xri/r '#####

r34 705:''J'## #'^#, r,r^z

/rr r f""4200e From , . #####'.:; :z##xxrxxJ/r####;# .rn r r' / r#r+1rr ^++rr zz^" zz^zz rx/ xrrrr„#z#z xr1r/s/xrrrr x xxxrx rr ## #^'

` »frrrirr rrr;xzzzzzzz zzz+zzzzrz/ z+ z/xr x rxx+ xrx zzzzzz's ^##i# zzzzzz r rzzzzzzzzzzzzzzzzxzz ##xz zzz#z# zzzzz rxrx z #^^ i f%#zzssi:ss%%'ss##s#ss izzz, ## # ss#sz: /##f Total of lines 3a through e / /.x ,zzzrxrfr,,rx+'x^+++x;xrrr#;/x,»+x z ;»r, ,/xrrr+„+x,rr/rrxx//,######/##z. z;zzzzz;rrrrr/,rrrrrrrx,,x52 ,662 . /xrrxrxxxr /x x+x x r++++„+ x+x+r+x+r+ +rx ,x,xx»rr r/ xrx +xrx

Qualify in g distributions for 2005 from Partzss issz ssfz%###^####N#'t's## ;##zzzzzz#z,zzzz'#z+zr' zs+ ##############zzzrrr rrx ; #######z#rr/rr +f++,fr+x x ##zzzzzzzzz„zz^zzzzrz'zzzzzzzzzzzz + ``^###xrrxx+xrrzrr/rrri+r`/xxrrr+rrrrrxxxr/r/ x #### s !zz Frfx zz zzxii z zzzr ,+,+,+x:,+, ++

iiiii

xNx.....

,+'zzzi + ii#/ frrr #`r'f'r'r #`^'r'# +f+izz ` z z'ìzzzzzzzzizzzri •'zzzzzizzizzizzzzzzzz `zzz'{fizi zzz z z ^ z^'+line 4. 179 , 573 .X11

fi/r r / r. /r f....rrx+„++ : ++++++++ r xx // r r/rrfrx•;#rzN,z;'fz rr+z z;,,;;,;{,;,,; ,zz„r#„ , # ;',{rz;z:.zzzzzz' .zz„,

a Applied to 2004, but not more than line 2a{r+

xsf #'sis'ssss^#'ss######%z ss'szz^zz ##^## #####i## zz^z# rr#^^z. ##i%.

zzsssi'sssss'%s#'s zzzzzzzzz'si##zz# s..... zzzzz z zsb A plied to undistributed income of prior years r ++•, rxx /r .zz sk# z#####i?zzzf':#'s's#'sssr/xxxrxrxrrr:#sssss'ssss ;%sssssss##sss% s sssssss%- a£(Election required - see instructions) ^# # zzzzzzzxzvzzzzzzzzzzrzzzrzzz'z s%% zzfzz 0. ##s,

Treated as distributions out of corpus##^z## zzzrz ##^##/zz'z#isss`s# #z;s#%z## z s#;^ssN# z #'zssN^ssss s++^xs#ssiNz #3iz ##z #zsssssszz z{;zzzzzzzzlz ' si#>`zf^Ns ..........;zzzzz'm zzz s si#ss sz%i%" X#zzzzzzzzxzzszzzzz:

s'`''%''s ^(Election required - see instructions )

zzzzz> rzrwrzzzzzz zzz'zzzzzzzz'zzzzz: r 'r+,zeNzzz#z#z######zz#zz'zz^zzz##z### ss s0. zzzzzfz+z zzzzzzzzz'zzzzz # rz;zzzzzxzzzzz#zzzzzrz'z'xzzzzzzzz #r zza

d Applied to 2005 distributable amount#z#######s#z#zz##zzxz##s######rz#zzzz zNzzzzzzzzzr.+ zzzzzzzzzz#kzz :##zzz zzr###### z###'#zzz ##t##### ####^z##z#,z### #s sNs#zzzzzzzzN z 4111zzzzzzzs 158,778.

Remaining amount distributed out of corpusezz r

20 , 795. iz# #;rr#'; ##z#### z###z#######z#xzz

+ xx5 Excess distributions carryover applied to 2005 %0. %%# s% 0(If an amount appears in column (d), the z'zzzzNZzzzszzzzzzzzzzzzz zrzz' zzz zzzzN'zN zzrszzzzzz'znzzzrzzz ' zzzi zzzzzzzzzz z zzzzzrzz: zzzzzzzzzzzzzz'zzzzzzzz;zz•r,x+^ z rrrz;r#zzzzzz zzzzzzzrzzzzzzzzzzzzzzs;z+zszzzzzzzzzzzzr z zzzzzzzzzzz#zz zz % %sss##s %:s#%s fs ` 'ame amount must be shown in column (a))

+ rr# #z ### ##########........./.zr<rr#s#N r•c• r rzzrrrrrrrrrrzrrr r zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz'xrrssi ss#s###sss%;#i## z f N# zz+#z#'zzzzzz z zrzzzzrrrrr/rrrrrrrrrrxzzzzzz;zzz' '` ### # #zzz iz:z###z, z:'zzzzzzz z 'fr zzzzzzzzzz#z###,#####s# # ###z + % rzzz s#/#zy# s#ssi# zrz/•/rrrrr /rrrz"####Nz####z######k# s zzifizzzzzzz i w zzz' ^xr rr rr r/ r rrr zz srr, rrxr #r„szz,;z#%;sN#/###s#s#`ssN#s,s#sNssss''s ''s rrr`rrr>ss^ss%s^ss zz zz rr^z,zzz;'zz '' ` ' ' Ènter the net total of each column astrrr;r zzzzzzzzz :;zzzzzzz rxx rrrrrr++++++x/+//+/xrxrrrrrrrrxr r zzzzrzzf r„iz$zz zz#zzz%f^rz rr^^z+$'zzzr±zz 'ss 's # ''##sisi#zr##'s'sii `zizrrr^rzr#s###zrN>zzzzrNzzzz#''ss#''ss`'szzzzzzzzrr zzzzzzzzzzzzzzzzzzsz+//+//+" r r zzzzzzzz.•''z z'zz`'s# z# #:i#N#% #z ss^sssssi s;;:;^'^"zzndicated below:

/ r rr r zxzzzzzzzzzzzz zzz xz zzNzzzrrzzxzzz zzz 3z s svrrrrr/ r r# : +rfxx z'z<' zxzzzzzzzzzzzzzzz z " "z#s#{zzzzsz::zzzzzzzzzzzzzz z^z zz'z ;zzzzzz##z z z r .+ + / r rr r+++xrx» ;zzz^zzzzzzzzzzzz'zzzz'Nzm'zzzz zzzNzzz # zzz^`;%%#^#%### #iCorpus Add lines 3f, 4c, and 4e Subtract line 5

rrrrrrrrrrrx , rxr ,rrrr »+ +»/rrxr ,###>######"#########zNZNrzzzzxzzzzNzz rx{r.zzzzzz73, 457 . ss' rr{x rr^r

ssssN /rz/.b Prior ears' undistributed income Subtracty

rr,xzz;#ss# ss#ss/rrr"rr rrrrr +',++r+,+ ' 'r..'r'+'+'r:'+Sr rrr/rrrxrrrrrr/rrrJil

:,.....` + rr^r.vrrSzzzzz zzzzzz '5''bline 4 from line 2b,rr#rrz #z###;###{ rrr//rrrrrrr r # ,###:/#####+ ^# #####,r rx,++rxr,,r,r+ 0 zx / r,rrrxxxrr'zzz'x rrr>/rrrrrrrrr rrxr:>z','++rr xxxxxxr++xxx /

c the amount of prior years ' undistributEnter „fz :z ; zzzzz:zzz z'zszzzzzz#zzzzzzzzzzzszzr+zzz'z.'r«^r

i#``ss;#''s#isz #zzzzzzzzzz z..#%%{%%%%%%r^^r'%%%%z z. . ^;ed income for which a notice of deficiencyr/rzzzzzzzzzz r rs. . . rf"z','zz####%#############zzrzzzzzzzz zssss"sss#sssss„s # z

or on which the sectionhas been issuedz #s##'#z#############z########### # ## isf#iiitzz`^z^zz +i$zz xrzx zzzzz xw/+zzzzzzzzzzxzz zs##%sss ssssssss#::# '< sfsss sss^'s'iis,

4942 (a) tax has been previously assessedz#zzz #rzzr zz zz'zzz##rz#;"########rNzxr rrrrrr»++ z zs # ###zzz r ######,',#% ###;;zzz;# z "" #zz#'zzzzzzzzzzzzzzzzz;;NzzzvzzNzzN,z "'0.... x rrrr+x+++x,+++xxx++xrx++xx,+ z % ;zz3/zzzzz#xzzzz#s#g###z#z#z #

6 T

..##......... zzz # ##z#£#zzN' # ####### i #####z's#######'s# z „/#zz##'z#s# ## #z#######x#?

s:z%#'s..../z+rz.'i z##z#Izzzrz zz#s#z##zz#Nzzzzzzzzzzzzzzzzzzzrzrzzzzzzzz z zsz z#zrzzzz z'##,/zzzx/ zz+x+x+, »rrrrrzrr r/z+ +++ ++++++ ++++saxabled Subtract line 6c from line b. z zr r r ;N:r zrr#xxrxxzzza#z<zzzz{ #isi# #### ###################' #zz#######z / x >r#######v zz #########z#>#% '' ` "` `'amount - see instructions r0. ,.; z#szzzzzzzs:zzzz;:,:::.::'z„z;:,;,z: zfss s?z##x^.zsxsN;:fs;.sxNss:{;^

e Undistributed income for 2004 Subtract line 4a from zzn>#Nz z zz#"szz

0.line 2a Taxable amount - see instructions ^N»,»,,,, %%x+ x„ x +, xx rrxxrrrrr r#s

f Undistributed income for 2005. Subtract lines x#'zz,#zgzzz#zzzzz#zzz' #z;zzzzzzzzzz# ,####in e 1 This amount must be4d and 5 from #######s ##rzz zzzzz'ssis#s#s:#sis s %%sss%NfN#sss's+`%ss z#%s

distributed in 2006

7 Amounts treated as distributions out ofzzz#zzzzzzzzzzzzzzszzzzzzzNz#r,zzzzzz ,z #####

s#s+'si##ss,,;s#:v # %ssrs#?%:ss^si#%:i# #r++x,.sss z###s#############N#X##z,#########;; s#zzzzzz,zzzzzzzzrzzzzzzzzzzzzzzz:?corpus to satisfy requirements imposed zzzzzz#''+i'',rzz''''',z- £z#rs zzzzzz/zzzzzzzxxzzzzzzzzzxzzzzzzz:#/ ### #{## 'rz?z#%##,z zz zz z zzz zz #;;zzszzz; r zzzzzzzzz

by section 170(1)(E) or 4942(g)(3)b (^ , ;,z z zz zz zzzzzs#####zzzzzzzzzzzzz'zzzzz'zzz zz; z Nzzxzzzzzzzzz:xz++++r+r++rr++xrr+++, x,»rrr z z r;zzzz rzzsi :r(see instructions

+ :zxxrrxrr rss##zzzzzNzzzzzzzzzzzzzzz+x+,,,;sss#%%ss#ssss0 . #'zzzz^zzzzzz{zzzzzzzzzz #z #±^#zzzkzzzzzzz^zNr#zzzzz'zz:rj x

Excess distributions car over from 2000 not

:x 'zzzzzzzzzzzzzzszzsz + . ...... .... s..M3

3

....r#zz#.... z zzzzzzzzzs:::zzz

z#zz#zzrrrzzzzzzzNr.######i##^^^z+zzzr zrxx///rrrrrr xx+++// +^'' '

ry)app li ed on line 5 o r line see instructions

+ zzzzzzzzzzzzzszzzzzzrzz zzrss; zzz:z z/ zzz :zz##szrz

zzzzzz szzzzzzz szzzz'zzzzz'zzzzz'z'z zz zszzzr'ssxrr+ xrx/rrrx xxrxrx+»/x,zzszzzzzzzzzz rrrrrr ,zz'z'z"zzzzzzzzzz;'+zz+zzzzzz#zzzzzrxzzs#ss%s# ##`sss x# rrxrrxrrfrr1 226. x+s+ +zzzzzzzzzzx'zz##zz"#zzzzzzz,zzzzzzzzzzzz zzzzzz#z#zzzz"zrzz#';'zzz zzzz; 'zzz;zzzz zz;,szrxx r/ x,+xx/r,rxr ,»/+/,.zzz#z z#### ####:z###########z##'t`s#####'

`'ss'`` `' #sss#s ;s''''Excess distributions ca rryover to 2006.t/rrr r+,++x+szzzzzzzzzzzzszzrzz+ 'zzzzzzzzztzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzss z ss zizzzzzz}''i/ iirzi±v'i+zg'r#txxxxrxxrrx+x i zzziiziz$iiz''z'i

xz#/ /x //x//x>/rr//r+rr+++/,zzzzzzzzz # r

Subtract lines 7 and 8 from line 6ax +, /+x//x rrrxrxx+x+

72 , 231

10 Analysis o f lio e 9•z: zzzz>rzzzz"zzz'z+zzzz:zzz+zzrrrrrr ,zrrx+xxx»x+ :s``zss'xzzzz`x'zzz"zzs;sss#ss#ssss:#####sss#sssss #s###ssss#s#s``s#sss i rss %s;'' ;``''` rxr rr rr rxxxrrr s ss##### /zzzrxrrrr/ rrr / /xxx# sssss://rrr/rxrxxx rrfxrxxx/ szzzfzzzzz zzzzzzzzzzzzzzz'zzzzzzss##s'ss"s##us #'zsszzzzzzzzN

a Excess 7from 2001 14 33. zzzzzr; rr rz ,zzzzzzzzzz+zzzz ssszssxr,/ z/ z#^#z€##### ...... ..... rzzzzzzzzzzzzz zzz^ss%^%%#%%%rfrr f ` ' 'z as #sb Excess from 2002 55 .

xrxrx /zrzr z+;rzzz zz r# #z#zzz„zzzzzzzzzzz#zzzzz,+z,,,;z #zzzrz'zzrzzz/zzzrzz ;zzzzzz zz,zz # #s"

rc Excess from 2003 2 339 . zzzNzzzzzzzzzzzzz'zz'z/ zzzzzzzzzzzzzzzzzzz'zzzzzzzzz, #ss^s 'ss ssssz,

d Excess from 2004 34 705rrrzrrrrrxrr+rr+xxr+ z zzz'zzzzzzzzz/z# #s ssss ssss ssssssfrzrzzzz,zzzzzzzzzzzzzzzzzzzzzzzzz"/z';zzzzsss##ssN;#s z ########, /»x

e Excess f 2005 20 795 #####xr/rxxr /+xxxr r+x++ x+ +xr/rom , »+xx»r+» xrx+++r+++rx,+++x,x,+++ ,+x++xxxrx,x,x++x++++xx++ ++ +++ »+++ + +x+r , x,xrrrrrx rr x rrrrx +xx++xxxx,x»»r x,+x++ »rBAA Form 990-PF (2005)

TEEA0308L 09/19105


LfX Private Ot)eratina Foundations (see instructions and Part VII-A, question 9) N/A

1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the rulingis effective for 2005, enter the date of the ruling OW

b Check box to indicate whether the organization is a private operating foundation described in section n 4942(1)(3) or F14942o)(5)

2a Enter the lesser of the adjusted net Tax year Prior 3 yearsincome from Part I or the minimum

tment return from Part X for(a) 2005 (b) 2004 (c) 2003 (d) 2002 (e) Total

inveseach year listed

b 85% of line 2a

c Qualifying distributions from Part XII,line 4 for each year listed

d Amounts included in line 2c not used directlyfor active conduct of exempt activities

e Qualifying distributions made directlyfor active conduct of exempt activities.Subtract line 2d from line 2c

3 Complete 3a, b, or c for thealternative test relied upon:

a 'Assets' alternative test - enter:

(1) Value of all assets

(2) Value of assets qualifying undersection 4942(I)(3)(B)(i)

b 'Endowment' alternative test - Enter 2/3 ofminimum investment return shown in Part X,line 6 for each year listed

c 'Support' alternative test - enter:

(1) Total support other than grossinvestment income (interest,dividends, rents, paymentson securities loans ((section512(a)(5)), or royalties)

(2) Support from general public and 5 ormore exempt organizations as providedin section 4942(I)(3)(B)(iii)

(3) Largest amount of support froman exempt organization

(4) Gross investment income

< SuDDlententarv Information (Complete this Dart only if the organization had $5 .000 or more in assets at any time during the year.)

1 Information Regarding Foundation Managers:

a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before theclose of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2) )

None

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership ofa partnership or other entity) of which the foundation has a 10% or greater interest.

None

2 Information Regarding Contribution , Grant , Gift, Loan , Scholarship, etc, Programs:

Check here 'IF] if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited

requests for funds. If the organization makes gifts, grants, etc, (see instructions) to individuals or organizations under other conditions,

complete items 2a, b, c, and d

a The name, address, and telephone number of the person to whom applications should be addressed

Capt. Timothy Ferrie c/o Marine Society17 Battery Place-Suite 714New York, NY 10004

b The form in which applications should be submitted and information and materials they should include

No specific format. A letter of request on organization's letterhead alongwith the exemption purpose of the organization is sufficient.

c Any submission deadlines.

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors

BAA TEEA0309L 09119/05 Form 990-PF (2005)

Form 990-PF 2005 Marine Society of the City of New York 13-5643623 Supplementary Information (continued)

3 Grants and Contributions Paid Durinci the Year or Approved for Future Payment

RecipientIf recipient is an individual ,show any relationship to

any foundation manager or

Foundationo Purpose of grant or

contribution Amount

Name and address (home or business substantial contributor recipient

a Paid during the year

Total 3a

b Approved for future payment

Total ► 3bl

BAA TEEaoslai 09/19/05 Form 990-PF (2005)


Analysis of Income -Producing Activities1 11 1 _,

Ente

2

3

4

5

6

7

8

9

10

11

a

b

c

d

e

12 Subtotal

13 Total . Add line 12, columns (b), (d), and (e) 13 107, 798.

(See worksheet in the instructions for line 13 to verify calculations.)

Relationship of Activities to the Accomplishment of Exempt Purposes

gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514

rogram service revenue

(a)Businesscode

(b)Amount

(c)Exclu-lioncode

(d)Amount

(e)Related or exemptfunction income(see instructions)

Fees and contracts from government agencies

Membership dues and assessments -2 , 800.

Interest on savings and temporary cash investments

Dividends and interest from securities 108, 993.

Net rental income or (loss) from real estate :

Debt-financed property

's;:;;::;;;;;:xss ;;; ,,,,, •s;;s; " 's;;ssss %'s;;;s s;sssss„s;;;;sss ;s;;ss;;;; s,,,,,,,,,,.. , {..,..,..,,,.

Not debt-financed property

Net rental income or (loss ) from personal property

Other investment income

Gain or ( loss) from sales of assets other than inventory -27,963.

Net income or (loss) from special events 21 , 679.

Gross profit or (loss) from sales of inventory

Other revenue : ;'s's's`s `s's#?;,s......,,,., %; .. 1011111^11151MIR sssss sssss'."ss';s" F.'.........

Luncheon Income 1,980.

Miscellaneous Income 309.

Add columns (b), (d), and (e) %%f`'s# 107, 798.

BAA TEEAo5o1L 09/19)05 Form 990-PF (2005)

Form 990-PF 2005 Marine Society of the City of New York 13-5643623

ii'Information Regarding Transfers To and Transactions and Relationships With Noncharitable10,Exempt Organizations

sss/%r Yes NoDid the organization directly or indirectly engage in any of the following with any other organization ,,,,described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527,relating to political organizations?

a Transfers from the reporting organization to a noncharitable exempt organization of: f

(1) Cash 1 a 1 X

(2) Other assets 1 a 2 X

b Other transactions: ...E%f#E££ f:i '''`+,s

(1) Sales of assets to a noncharitable exempt organization 1 b 1 X

(2) Purchases of assets from a noncharitable exempt organization 1 b (2) X

(3) Rental of facilities, equipment, or other assets 1 b X

(4) Reimbursement arrangements 1 b (4) X

(5) Loans or loan guarantees 1 b (5) X

(6) Performance of services or membership or fundraising solicitations 1 b (6) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1 c X

d If the answer to any of the above is 'Yes,' complete the following schedule Column (b) should always show the fair market value ofthe goods, other assets, or services given by the reporting organization If the organization received less than fair market value inany transaction or sharlna arrangement. show in column (d) the value of the goods, other assets, or services received

(a) Line no. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers , transactions , and sharing arrangements

N/A

2a Is the organization directly or indirectly affiliated with , or related to, one or more tax-exempt organizationsdescribed in section 501(c) of the Code (other than section 501(c)(3)) or in section 527 []Yes XX No

b If 'Yes ' cmmnlete the fnllnwinn schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship

N/A

Under penalties of perjury I declare that I have examined this return, includingcomplete Declaration of preparer (other than taxpayer or ft dary) ed on al in orma

5

G Signature of officer or trustee

N

NE

Preparer'sPaid signature ^4q4

Re

Pre- 1 W^E carer's Firm' s name (or Geltrude & Companuse yours if self-erf), 517 Franklin AvenOnly emoi

oysIdweIP code Nutley, NJ 07110-1

an 1746Z

2005 Federal Statements Page 1

Marine Society of the City of New York 13-5643623

Statement 1Form 990 -PF, Part I , Line 11Other Income

Income From Special Events $ 50,905.Luncheon Income 1,980.Membership Dues And Assessments 2,800.Miscellaneous Income 309.

Total 55,994.

Statement 2Form 990-PF, Part I , Line 16aLegal Fees

(a) (b) Net (c) (d)Expenses Investment Adjusted CharitablePer Books Income Net Income Purposes

$ 7,745. $ 1,936. $ 1,936. $ 5,810.Total 7,745. 1,936. 1,93 5,810.

Statement 3Form 990-PF, Part I , Line 16bAccounting Fees

(a) (b) Net (c) (d)Expenses Investment Adjusted Charitableper Books Income Net Income Purposes

Accounting Fees $ 6 895.Total 6,89

$ 1 724.l,724.

$ 1 , 724.1,724.

$ 5 171.

Statement 4Form 990-PF, Part I , Line 16cOther Professional Fees


Outside Services $ 120. $ 30. $ 30. $ 90.Total 120. 30. 30. 90.



Statement 5Form 990 -PF, Part I , Line 18Taxes


990 PF $ 5,881. $ 1,470. $ 1,470. $ 4,412.Payroll Tax Expense 2,027. 507. 507. 1 520.

932Total 7,908. 1,977. 1,977. , .

Statement 6Form 990 -PF, Part I , Line 23Other Expenses


Awards $ 32. $ 8. $ 8. $ 24.Bank Service Charges 8. 2. 2. 6.Charities Registration Fees 250. 63. 62. 188.Computer Software 50. 13. 12. 38.Document Preservation 1,634. 409. 408. 1,226.Dues & Subscriptions 309. 77. 77. 233.Gifts 96. 24. 24. 72.Insurance 1,115. 279. 279. 836.Invesment Expense 30,926. 7,732. 7,731. 23,195.Luncheon Expenses 3,958. 990. 989. 2,969.Meals 573. 143. 143. 431.Membership Certificates 148. 37. 37. 111.Miscellaneous Expense 4. 1. 1. 3.Office Expense 677. 169. 169. 509.Parking and Tolls 36. 9. 9. 27.Penalties 390. 98. 97. 293.Postage & Delivery 1,171. 293. 293. 878.Safety Deposit Box rental 425. 106. 106. 320.Special Event Expenses 29,226. 7,307. 7,306. 21,920.Storage Expense 622. 156. 155. 467.Supplies 408. 102. 102. 306.Telephone 1,040. 260. 260. 780.Website Expenses 914. 229. 228. 686.

Total 74,012. 18,T-0--F 18,498. T-----55-,518.

Statement 7Form 990-PF, Part I, Line 25Contributions, Gifts , and Grants

Cash Grants and Allocation s

Class of Activity:Donee's Name : SUNY Maritime CollegeDonee's Address: 6 Pennyfiel d Avenue

Bronx, NY 1 0465Relationship of Donee:Organizational Status of Donee:



Statement 7 (continued)Form 990 -PF, Part I , Line 25Contributions , Gifts, and Grants

Amount Given: $ 260.

Class of Activity:Donee's Name: US MMA-Melville HallDonee's Address:

Kings Point, NY 11024Relationship of Donee:Organizational Status of Donee:Amount Given: 500.

Class of Activity:Donee's Name: Annette HoranDonee's Address: 218 Ege Avenue

New Jersey,Relationship of Donee: Widow Maritime EmployeeOrganizational Status of Donee:Amount Given: 6,000.

Class of Activity:Donee's Name: Claire ColumbeDonee's Address: 306 Jackson Road

Venice Florida,Relationship of Donee: Widow Maritime EmployeeOrganizational Status of Donee:Amount Given: 6,300.

Class of Activity:Donee's Name: Frances MathesDonee's Address: 84-54 159 Street

Briarwood New York,Relationship of Donee: Widow Maritime EmployeeOrganizational Status of Donee:Amount Given: 6,000.

Class of Activity:Donee's Name: Martha ChristopherDonee's Address: 110 Buttonwood Lane

Riverton New Jersey,Relationship of Donee: Widow Maritime EmployeeOrganizational Status of Donee:Amount Given: 6,000.

Class of Activity:Donee's Name : Amer Merc Marine Museum FoundaDonee's Address: 17 Battery Place Ste 914

New York, NY 10004Relationship of Donee:Organizational Status of Donee:Amount Given: 5,000.

Class of Activity:Donee's Name : AMMV-NJ Memorial FundDonee's Address: 12 Warner Court

Mt Laurel, NJ 08054Relationship of Donee:Organizational Status of Donee:



Statement 7 (continued)Form 990-PF, Part I , Line 25Contributions , Gifts, and Grants

Amount Given: $ 5,200.

Class of Activity:Donee's Name: PONY CHAPTER USMMAAFDonee's Address: 195 Broadway

New York, NY 1007Relationship of Donee:Organizational Status of Donee:Amount Given: 265.

Class of Activity:Donee's Name: United Seamen's ServiceDonee's Address: 125 Maiden Lane 14th Fl

New York, NY 10038Relationship of Donee:Organizational Status of Donee:Amount Given: 590.

Class of Activity:Donee's Name: Amer Merchant Marine MuseumDonee's Address:

Kings Point, NY 11024Relationship of Donee:Organizational Status of Donee:Amount Given: 1,000.

Class of Activity:Donee's Name: NY NJ Port Promotion AssocDonee's Address: 85 West 45th Street

Bayonne, NJ 07002Relationship of Donee:Organizational Status of Donee:Amount Given: 100.

Class of Activity:Donee's Name: Noble Maritime CollectionDonee's Address: 1000 Richmond Terrace

Staten Island, NY 10301Relationship of Donee:Organizational Status of Donee:Amount Given: 140.

Class of Activity:Donee's Name: Connie AwardsDonee's Address: 960 Holmdel Rd Bldg 2

Holmdel, NJ 07133Relationship of Donee:Organizational Status of Donee:Amount Given: 110.

Class of Activity:Donee's Name : Prospect Park YMCADonee's Address: 357 Ninth Street

Brooklyn, NY 11215Relationship of Donee:Organizational Status of Donee:

• 2005 Federal Statements

Marine Society of the City of New York

Page

1

Statement 7 (continued)Form 990 -PF, Part I , Line 25Contributions, Gifts, and Grants

Amount Given: $ 500.

Class of Activity:Donee's Name: San Francisco Film Arts AssocDonee's Address: 3252 Kempton Avenue

Oakland , CA 94611Relationship of Donee:Organizational Status of Donee:Amount Given: 1,000.

Class of Activity:Donee's Name: The Seamens Church InstituteDonee's Address:

Relationship of Donee:Organizational Status of Donee:Amount Given: 2,000.

Class of Activity:Donee's Name: Seamens International HouseDonee's Address: 123 East 15th Street


Class of Activity:Donee's Name: New York Shipping AssociationDonee's Address: 100 Wood Avenue South

Iselin, NJ 08830Relationship of Donee:Organizational Status of Donee:Amount Given: 500.

Class of Activity:Donee's Name: USMMA GraduationDonee's Address:


Class of Activity:Donee's Name: SUNY Maritime ChoraleDonee's Address: 6 Pennyfield Avenue

Bronx, NY 10465Relationship of Donee:Organizational Status of Donee:Amount Given: 200.

Class of Activity:Donee's Name: PA Scholarship AssociationDonee's Address: 259 Rockaway Street

Islip Terrace, NY 11752Relationship of Donee:Organizational Status of Donee:

• 2005 Federal Statements


Page 61

13-56436231

Statement 7 (continued)Form 990 -PF, Part I, Line 25Contributions , Gifts, and Grants


Class of Activity:Donee's Name: Maritime Assoc Found 9/11Donee's Address: 17 Battery Place Ste 913


Class of Activity:Donee's Name : Katrina Relief-Seamens ChurchDonee's Address: 241 Water Street


Class of Activity:Donee's Name: Kingsborough CC FoundationDonee's Address: 2001 Oriental Blvd

Brooklyn, NY 11235Relationship of Donee:Organizational Status of Donee:Amount Given: 3,000.

Class of Activity:Donee's Name: Working Harbor CommitteeDonee's Address: 455 West 43rd Street


Class of Activity:Donee's Name : Tug Pegasus Preservation ProjeDonee's Address: 83 Murray Street


Class of Activity:Donee's Name: Amer Merch Marine MemorialDonee's Address: US Merchant Marine Academy


Class of Activity:Donee's Name : Norwegian Seamens ChurchDonee's Address: 1772 Britannia Street

New Orleans, LA 70131Relationship of Donee:Organizational Status of Donee:

2005 Federal Statements


Page 71

13-56436231

Statement 7 (continued)Form 990-PF, Part I , Line 25Contributions , Gifts, and Grants


Class of Activity:Donee's Name: National Maritime HistoricalDonee's Address: 5 John Walsh Blvd

Peekskill, NY 10566Relationship of Donee:Organizational Status of Donee:Amount Given: 500.

Class of Activity:Donee's Name: SUNY Maritime Pres CircleDonee's Address: 6 Pennyfield Ave

Bronx, NY 10465Relationship of Donee:Organizational Status of Donee:Amount Given: 10,000.

Class of Activity:Donee's Name: USMMA ScholarshipDonee's Address:


Class of Activity:Donee's Name : USMMA -ScholarshipsDonee's Address:


Class of Activity:Donee's Name : Misc Fund Raising EventDonee's Address:

Relationship of Donee:Organizational Status of Donee:Amount Given: 65.

Total 79,794.

Statement 8Form 990-PF, Part II, Line 14Land, Buildings, and Equipment

Accum. Book Fair MarketCategory Basis Deprec. Value Value

Miscellaneous $ 9 , 787. $ 9 , 787. $ 0. $ 0.Total 9,787. 9,787. 0. 0.

I

2005 Federal Statements


Statement 9Form 990-PF, Part II, Line 15Other Assets

Deposit on 2006 Annual DinnerDue from Mrs M BakerRent Deposit

Fair MarketBook Value Value

Statement 10Form 990-PF, Part II, Line 22Other Liabilities

INVESTMENT TRANSFER ACCOUNTPayroll Taxes PayableCash Deficit-US Trust Principal

Total 15,89 57

Statement 11Form 990-PF, Part IV, Line 1Capital Gains and Losses for Tax on Investment Income

Item (a) Description1 Tiffany & Co2 Bank of New York3 Boston Scientific4 DuPont DeNemours5 Bristol Meyers Squibb6 Pfizer7 Annaly Mtg Mgmt Inc8 Excelsior Core Bond Fund9 Excelsior Energy & Natural Resources10 Excelsior Small Cap11 Canon Inc Adr New12 Emerson Electric Co13 Pier 1 Inc14 Excelsior

Item12345678910

(e)GrossSales31,154.29,164.28,055.7,862.

47,828.25,374.11,815.

492.490.

1,188.

(f) (g)Deprec. CostAllowed Basis

32,150.33,523.42,550.6,072.

22,064.31,210.19,890.

0.0.0.

(h)Gain(Loss)

-996.-4,359.

-14,495.1,790.

25,764.-5,836.-8,075.

492.490.

1,188.

$ 5,000.3,300.1 , 031.

Total 9,331.

(b) HowAcquiredPurchasedPurchasedPurchasedPurchasedPurchasedPurchasedPurchasedPurchasedPurchasedPurchasedPurchasedPurchasedPurchasedPurchased

(c) DateAcquired

VariousVariousVariousVariousVariousVariousVariousVariousVariousVariousVariousVariousVariousVarious

Page 8

13-56436231

10,567.1,047.4,281.

(d) DateSold

2/25/20056/13/20056/13/2005

10/06/200510/07/200510/07/200510/17/200512/15/200512/15/200512/15/20058/22/20058/22/20058/22/20052/01/2005

(i) (j) (k) (1)FMV Adj. Bas. Excess Gain

12/31 /69 12 / 31/69 (i) - (j) ( Loss

-4,359.-14,495.

1,790.25,764.-5,836.-8,075.

492.490.

1,188.

$ 5,000.3,300.1,031.9,331.

1



Statement 11 (continued)Form 990-PF, Part IV, Line 1Capital Gains and Losses for Tax on Investment Income

(e) (f) (g) (h) (i) (j) (k) (1)Gross Deprec. Cost Gain FMV Adj. Bas. Excess Gain

Item Sales Allowed Basis (Loss) 12/31/69 12/31/69 (i)-(j) (Loss)11 24,801. 25,768. -967. $ -967.12 13,434. 4,740. 8,694. 8,694.13 13,984. 20,099. -6,115. -6,115.14 14,461. 39,999. -25,538.

T t l25 538.

-2 7 963o a , .

Statement 12Form 990-PF, Part VIII, Line 1List of Officers, Directors , Trustees, and Key Employees

Title and Contri- ExpenseAverage Hours Compen- bution to Account/

Name and Address Per Week Devoted sation EBP & DC Other

Captain Timothy Ferrie President $ 0. $ 0. $ 0.2611 Allen Street NonePoint Pleasant, NJ 08742

Commander Robert H. Pouch 1st Vice Pres 0. 0. 0.17 Battery Place, Ste 1230 NoneNew York, NY 10004

Captain James McNamara 2nd Vice Pres 0. 0. 0.NCB Suite 1232 NoneNew York, NY 10004

Cap Victor nt ^, 0. 0. 0.MTL or BlvdeW awken, NJ

Captain Harold Parnham Treasurer 0. 0. 0.One Toni Lane NoneYonkers, NY 10007

Captain Cynthia L. Smith Secretary 0. 0. 0.12 Bella Vista NoneLocust Valley, NY 11560

Total 0. ^--O. 0.

Form 8868

(Rev December 2004)

Department of the TreasuryInternal Revenue Service

Application for Extension of Time to File anExempt Organization Return OMB No 1545-1709

111, File a return.

• If you are filing for an Automatic 3-Month Extension , complete only Part I and check this box b-

• If you are filing for an Additional (not automatic ) 3-Month Extension , complete only Part II (on page 2 of this form).

Do not complete Part //unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.

Automatic 3-Month Extension of Time - Only submit original (no copies needed)

Form 990 -T corporations requesting an automatic 6-month extension - check this box and complete Part I only F]All other corporations (including Form 990-C filers) must use Form 7004 to request an extension of time to file income tax returnsPartnerships, REMICs and trusts must use Form 8736 to request an extension of time to file Form 1065, 1066, or 1041

Electronic Filing (e-file). Form 8868 can be filed electronically if you want a 3-month automatic extension of time to file one of the returns notedbelow (6-months for corporate Form 990-T filers). However, you cannot file it electronically if you want the additional (not automatic) 3-monthextension, instead you must submit the fully completed signed page 2 (Part II) of Form 8868. For more details on the electronic filing of thisform, visit www irs gov/efile

Name of Exempt Organization Employer identification number

Type orprintFile by thedue date forfiling yourreturn. Seeinstructions

13-5643623

state ZIP code

Check type of return to be filed (file a separate application for each return):

Form 990 Form 990-T (corporation) Form 4720

Form 990-BL Form 990-T (section 401(a) or 408(a) trust) Form 5227

Form 990-EZ Form 990-T (trust other than above) Form 6069

X Form 990-PF Form 1041-A Form 8870

• The books are in the care of ► TAXPAYER

Telephone No ^________________ FAX No 11*_____

• If the organization does not have an office or place of business in the United States , check this box F]• If this is for a Group Return , enter the organization ' s four digit Group Exemption Number (GEN) . If this is for the whole group,

check this box 01 n - If it is for part of the group , check this box and attach a list with the names and EINs of all members

the extension will cover.

1 I request an automatic 3-month (6-months for a Form 990 -T corporation) extension of time until

-

8/15_

- -

, 20 06-,

to file the exempt organization return for the organization named above. The extension is for the organization's return for:

XX calendar year 20 05 or

M tax year beginning __-___-_, 20 - - -, and ending ,20

2 If this tax year is for less than 12 months, check reason: [] Initial return Final return Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less anynonrefundable credits. See instructions $ 756.

b If this application is for Form 990-PF or 990-T, enter any refundable credits and estimated tax payments made.Include any prior year overpayment allowed as a credit $ 1,500.

c Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, if required, deposit with FTDcoupon or, if required, by using EFTPS (Electronic Federal ax Payment System). See instructions $ 0.

Caution . If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO forpayment instructions.

BAA For Privacy Act and Paperwork Reduction Act Notice , see instructions . Form 8868 (Rev 12-2004)

Marine Society of the City of New YorkNumber , street, and room or suite number If a P 0 box, see instructions

17 Battery Place Suite 714City, town or post office For a foreign address, see instructions

New York, NY 10004-1207

FIFZD501L 01/07/05

capital gains andlossesfortaxoninvestment...

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