f . 990-pf return of private foundation990s.foundationcenter.org/990pf_pdf_archive/946/... ·...

F . 990-PF Return of Private Foundation OIAB No 154~0052

or Section 4947(a)(7) Nonexempt Charitable Trust e~ 0 0' UepeMim~olma7rmury Treated as a Private Foundation L L Inenw aamue senriw Note The organization may be able to use a copy of this return to satisfy stets reporting requirements

For calendar year 2002, or tax dear beginning and ending G Check all that a D Indial return 0 Final return ~ Amended velum E_J Address chan ge D Name charms

Use the IRS Name of organization A Employer Identification number

heel Otherwise, EL MONTE FOREST FOUNDATION 94-6061665

print Numtsriam..~(oraoeo.numerunest bnat adhaearo .banaeanma) FlooM"ulu 9 Telephone number artype FOREST LAKE 6 LOPEZ ROADS ( 831 ) 373-1275

See Specific Instructions City or town, state, and ZIP code C u u.nnaoon evvifoston is Willing cnsw nay

PEBBLE BEACH CA 93953 D 1 Foreign orpanizatians,check bare leo type oforganization OX Section 501(c)(3)exempt private foundation 2 Foreign organizations meeting Me BS% tot,

H Check a,,n~~aercxnmmP~muo~ 0 Section 4947(a)(1) nonexempt chantable trust 0 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 LJ Accrual under section 507(b)(1)(A), check here "D (from Part 11, cot (c), line 16) 0 Other (specify) F If the foundation is in a 60-month termination " S 9 , 778 , 037 . (Pert 1, column (co must be on cash basis) under section 507 (b )( 1 (0 ) , check here " 0 Ffei[ if Analysis of Revenue and Expenses (a) Revenue and (0) Net investment (c) Adjusted net (d) oiseunmmn

(rne mw of amounts In columns (o)~ kl~ and (C) mey not expense s per books income income

for cnenmls purposes nsmavly eQUN Ne urounb in mlu~m (111 ~ (cash emie onrp

1 Contributions, gifts, grants, etc, received 9 , 873 . cn.k "0 it aemwmemenamwseemattion scne

2 Distributions from split-interest trusts Interest on savings ena temporvy

3 cosh ImmVMenh

a Dividends andinterest from securities 64 , 850 . 64 850 . 64 B50 . TATk:Mk',NT 2 SaGross rants 8 , 082 . 8 , 082 . 8 082 . TA'TEMEIdT 3 b (Not renm inowra or poa) -1 , 879 . ) STATEMENT 4 68Napnor(Im)humulaolnwbrotan

O -108 ,868 . STATEMENT 1 t d n Grofa ~

WeDNwbrNl 356 ,917 . - > m on line ine w Q ] Gpl W gain nit Inioortr (horn Past N fro z)

8 Not short-term capital pain ~ 0 . ' 9 Income modifications 101

Gross We less, nW ma NO NIpY7nCm

b Lea cwt of pooe . wia

e Gross profit or (loss) ~ ` 11 Other income 12 Total Ad0lines 1throu gh 11 -26 , 063 . 72 , 932 . 72 , 932 . ` 13 CompemaUOnoloMcen Cnsmra business so: 0 . 0 . 0 . 0 .

14 Older employee salaries and wages 15 Pension plans, employee benefits

"$ i6a Legal fees STMT 5 8 257 . 0 . B 257 . 8 257 . $ h nceaunti as STMT 6 7 , 671 . 3 , 835 . 7 , 671 . 3, 83-6 . w" c Other pr essiona~- 42 , 491 . 1 , 05-0 . 42 , 491 . 41 441 . i 17 Interest L 1e saxes ar ~J~ STMT ~ 204 . 0 . 204 . 204 .

is oe recw lonandG~pIYhol g ZQOa 0 20 Occuva 495 . 495 . 495 . ~ 0 . a~ 21 Travel, c nleren@(30F ~s U7- c, 22 Pnnfinp

N Co 23 Other expenses STMT 9 64 , 726 . 11 180 . 64 , 726 . 53 , 546 . Q n 24 Total operating and administrative

8 expenses nadlines i3through 23 123 844 . 16 , 560 . 123 844 . 107 , 284 . 0 0 25 Contributions, pits, pants paid W 28 Total expenses and disbursements Z ndelines zaand25 123 844 . 16 560 . 123 844 . 107 284 . Q 27 Subtract line 26 from line 12

7 E-a of revenue wer eapenam end alebunemenb , - 149 , 967 .

b NetInvestment Income (if n .v.w.,eni. .-a) 56 , 372 . c Ad justed net Income of navnwe, enter a) 0 .

?zoi m LHA Far Paperwork Reduction Act Notice, yea the instructions ' Forth 990-PF (2002) 1

94-6061665 nnmp ur year Book Value IhI Book Value

483 . 1,997,459 .

7,684,134 .

9,778,037 .

J-

0 Organizations that follow SFAS 117, check here No. U and complete lines 24 through 26 and lines 30 and 31

0 24 Unrestricted Fo 25 Temporarily restncted

26 Permanency restricted Organizations that do not collar SFAS 117, cheek here 1 and complete lines 27through 31

° 27 Capital stock, trust principal, or current funds m 28 Paid-in or capital surplus, or land, bldg . and equipment fund

29 Retained earnings . accumulated income, endowment, or other funds 30 Total net assets or land balances

9 .

9 1 778 , 029 .

9,778,029 .

From 990-PF Rmz!

2

Balance Sheets °w~dm"°"°'"°'"'°'"°""°OZ"oI°" cwimmanaGe for msufjW uminswy

1 Cash -non-interest-beannp 2 Savings and temporary cash investments 3 Accounts receivable 1

Less allowance for doubtful accounts 4 Pledges receivable 1

Less allowance for doubtful accounts 1 5 Grants recervable 6 Recelvables due from officers, directors, trustees, and other

disqualified persons 7 Ooeno~suwiowmaMee

Less allowance for doubtful accounts 8 Inventories for sale or use

y 9 Prepaid expenses and deferred charges 10a Investments -U S and stale government obligations STMT 10

b investments-corporate stock STMT 11 c Investments - corporate bonds

11 imaums wuouuanmawinoWcoas 1 A

tssmmNMROmdkm 1

12 Investments " mortgage loans 13 Investments - other 14 Land, buildings, and equipment basis " 7,708,361 .

is mmbeau,motam " 24,227 . 15 Other assets (describe 1 )

17 Accounts payable and accrued expenses 18 Grants payable

0 19 Deferred revenue 20 Loenahamolfime dliecbm hualeea,en0oMaEISpuYIllaUpeivona

La 21 Mortgages and other notes payable

J 22 Other liabilities (descn6e

11

0 .

Fair Market Value 3 .007 .

p~rt1jj 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 pnoryears relum)

2 Enter amount tram Part I, line 27a 3 Other increases net included in line 2 (itemize) 10, 4 Add lines 1, 2, and 3 5 Decreases notincluded inline 2(itemize) " UNREALIZED INVESTMENT LOSS B Total net assets or fund balances at end of year (line 4 minus line 5) - Pad II, column (b), line 30

227571 01 77-03

k

.`

3

,0

Ow" -2002 , DEL MONTE FOREST FOUNDATION

Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (e q , real estate, 25tory brick warehouse, or common stack, 200 5li5 MLC Co )

is AM MUTUAL FD-REG h AM AMCAP FD-REG c CYPRESS STOCK a e

(a) Gross sales price M Depreciation allowed (p) Cost or other basis (or allowable) plus expense of sale

P

omptete only for assets showing gain in column (h) and owned by the foundation on 72/l1/69

(I) F M V as of 12/31/69 (D Adjusted basis (t) Excess of cot (i) as of 72/37/69 over cot (1),d any

2 Capital gain net income or (net capital loss) ~ It ?loss),

enter in PaR I, line 7 L It (loss), enter-0-in Part l, line 7 ~

3 Net short-term capital gain or (loss) as defined in sections 7222(5) and (6) If polo also enter in Part I, line 8, column (c) If (loss), enter-0 " in Part I, line 8 -108,868 .

I ran Y 1 4U81111C8LIOfl UIla6r 59CLIOfl 4`J4U(e) iOf HBaUC80 18J( on Net investment income (For optional use 6y domestic private foundations subject to the section 4940(a) tax on net investment income )

If secbon 4940(d)(2) applies, leave this part blank

Was the organization liable for the section 4942 tax on the distnDuU61e amount of any year in the base period? ED Yes EXI No Ii Yes ,'the ofpanl72tlOn does not Quality under section 4940(e) Do not complete this part 1 Enter the appropriate amount in each column for each year, sae instructions before making any entries

Base period years Adj usted Ibl M

Calendar year Distribution ratio

(or tax year beginning in) qualifying distributions Net value of nonchantable-use assets (cot (6) divided by cot (c)) toot 91,590 . 2,357,990 . .0388424

Fog 990-PF aooz) 3

1665

(c Date acquired (d) Date sole 1mo,0ay,yr) I (mo,day,yr)

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

-18,945 . -79,035 . -10,888 .

(1) Gams (Cod (n) gain minus cot (k), but not less than -0-) of

posses (from cal (h))

-10, 7'!J .

-79,035 . _inaua

-108,868 .

68,966

2 Total of line 1, column (d) 3 Average distribution ratio for the 5-year base period -drvi0e the total an line 2 by 5, or by the number of years

the foundation has been in existence A less than 5 years

4 Enter the net value of nonchantable-use assets for 2002 from Pad X, line 5

5 Multiply line 4 byline 3

6 Enter 7% of net investment income (1% of Part I, line 27b)

1 Add lines 5 and 6

8 Enter qualifying distributions from Part %1I, line 4

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

773521A1-27-07

4197

74,089 .

74 .653 .

107,284 .

1 a During the tax year, did the organization attempt to influence any national, state, or local legislation or did it participate or intervene in Y63 NO any political campaign? to X

6 Did it spend more than E700 dining the year (either directly or indirectly) for political purposes (see instructions for Oefindion)9 1 h X I( the answer w 'Yes' to 1 a or 10, attach a detailed description of the activities end copies of any metenels published or , , distributed by the orgen2etion m connection with the activities

c Did tie organization file Form 1120-POL for this yea( 1 C � X � 0 Enter the amount (A any) of fax on political expenditures (section 4955) Imposed during the year

(1) On the organization " S 0 . (2) On organization managers " E 0 . , ' a Enter the reimbursement (if any) paid by the organization during the year for political expenditure tax imposed on organization

managers " $ 0 . 2 Has the organisation engaged in any activities that have not previously been reported to the IRS 2 X~

I! 'Yes,' attach a detailed description of the activities 3 Has the organization made any changes, not previously reported to the IRS in R5 governing instrument, articles of incorporation or ,

bylaws, or other similar instruments If "Yes,' attach a conformed copy o! the changes 3 ~ X <a Did the organization have unrelated business gross income of $7,000 or more during the year? Ca X b It Yes; has it filed a tax return on Farm 990-T for this years N/A ap

5 Was there a liquidation, termination, dissolution, or substantial contraction during the yeah 5 X If 'Yes,' attach the statement required by General Instruction T

B Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied ether " By language in the governing instrument or " By state legislation teal off ectrvey amends the governing instrument so that no mandatory directions that conflict with the state law H �

remain in the governing instruments B ~ X 7 Did tie organization have at lean $5,000 In assets at any time during the year? 7 X

11 'Yes," complete Part II, cot (c), end Pert JN ` 8a Enter the states to which the foundation reports or with which it is registered (see instructions) 1

CALIFORNIA D 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 G9 11'No,"attach explanation Bh X 9 Is the organization claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar

year 2002 or the taxable year beginning in 2002 (sea instructions for Part XIV)? If "Yes,' complete Pert XIV 9 (,X , 10 Did any persons became substantial contributors during the tax year? a "ve " er~ a ~mime newo mdr n~ .~w maM�M STMT 12 10 X 11 Did the organization comply wlh tie public inspection requirements for its annual returns and exemption application? 11 X

Web site address 10- N/A 12 me books are in cereal " DEL MONTE FOREST FOUNDATION Telephone no " ( 831 ) 373 1275

Located at " FOREST LAKE 6 LOPEZ, PEBBLE BEACH, CA ziP+a "93953 13 Section 4947(a)(1) nonexempt charitable trusts tiling Form 990-PF in lieu of Foam 1041 - Check here

and enter the amount of tax-exempt interest received or accrued during the year 11.1 13 1 N/A 22~11 01 Fog 990-PF Vouz)

4

ann990-PF(2oo2) DEL MONTE FOREST FOUNDATION 94-6061665 P G M ctwn =), 4940(b), 4940(e), or 4948 - see instructions) IVI Excise Tax Based on Investment Inco 2 (S

s 1 a Exempt operating foundations described in section 4940(d)(2) . check

here '"'on

'In:),

Date of ruling letter _ (attach copy of ruling letter if necessary-see Instruction

. b Domestic organizations that meek the section 4940(e) requirements in Part V, check here 1 ~X and enter 1% 1 564

of Part I, line 27b .r c All other domestic organizations enter 2% of line 27D Exempt foreign organizations enter 4% of Part I, line 12, col (6) ` 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 2 0 .

. 9 Add lines 1 and 2 3 564 4 Subtitle A (income) tax (domestic section 4947(a)(1) truss and taxable foundations only Others enter -0-) 4 0 .

. 5 Tax based on Investment Income Subtract line 4 from line 3 II zero or less, enter-0- 5 564 B Credits/Payments a 2002 estimated tax payments and 2001 overpayment credited to 2002 So 4 , 211 . b Exempt foreign organizations -Gx withheld at source 66 c Tax paid with application for extension of time lolls (Form 8868) Bc d Backup withholding erroneously withheld 60 7 Total credits and payments Add lines 6a through 6d 7 4 , 211 . 8 Enter my penalty for underpayment of estimated tax Check here 0 if Form 2220 is attached 9 Tea due If the total of lines 5 and 8 is more than line 7, enter amount owed " 8 10 Overpayment If line 7 is more than the total of lines 5 and 8, enter the amount overpaid 10. 10 3 , 647 . 17 Enter the amount of line 70 to be Credited to 2003 estimated tai " 3 , 6 4 7 . ~ Refunded " ~ 11 ~ 0 . Part VII-A 7Statements Regarding Activities

Form 990-vk(z0o2) DEL MONTE FOREST FOUNDATION

4a Did the organization invest during the year any amount in a manner that would jeopardize its charitable purposes b Did the organization make any investment In a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2002

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 0 Yes 0 No (2) Influence the outcome of any specific public election (see section 4955), or to carry on, directly or indirectly .

any voter registration Amen 0 Yes ~ No (3) Provide a grant to an individual for travel, study, or other similar purposes ~ Yes D No (4) Provide a grant to an organization other than a charitable, etc , organization described in section

509(a)(1), (2), or (3), or section 4940(E)(2)7 ~ Yes ~ No (5) Proadetoranypurposeatherthanrelipious,chantable,scientAic,literary,oreducationalpurposes,ortor

iheprevention atcruelty tochildren oranimalsl Yes EXI No b I1 any answer is Yes'to Sa(t )-(5), did any of the transactions tail to quality under the exceptions described in Regulations

section 53 4945 or in a current notice regarding disaster assistance (sea instructions)? N/A Organizations raying an a current notice regarding disaster assistance check here

c Ii the answer is 'Yes'to question Sa(4), does the organization claim exemption from the tax because R maintained expenditure responsibility far the p rang N/A If 'Yes.' attach the statement required by Regulations section 53 4945-5(dJ

6a Did the organization, during the year, receive any funds, directly or indirectly . to pay premiums on a personal benefit contract Yes 0 No

b Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract 11 you answered 'Yes' to 66, also file Form 8870

Form B80-PF (2po2)

xx3s+i 01 zam

File Forth 47201f any item is checked m the "Yes" column, unless en exception applies TBS NO 1 a During the year did the organization (either directly or indirectly) a

(1) Engage in the sate or exchange, or leasing of properly with a disqualified Derson7 D Yes D No ,; (2) Barrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified parsons D Yes D No (3) Furnish goods, services, or facilities to (or accept them from) a disqualified persons EJ Yes D No (C) Pay compensation to, or pay or reimburse the expenses of, a disqualified persons ~ Yes ~ Na , (5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified personp Yes No (6) Agree to pay money or property to a government official? (Exception Check'No' A

d the organization agreed to make a prom to or to employ the official for a period after termination of government service, A terminating within 90 days ) 0 Yes D No

h If any answer is'Yes'to 1a(1)-(6), Aid and of the acts fail to quality under the exceptions described in Regulations section 53 4941(d)-3 or in a currant notice regarding disaster assistance (see page 19 0l the inslructions)7 N/A 1 b Organizations raying 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 1a, other than excepted acts, that were not corrected before the first day of the fax year beginning in 2002 , 1c ~ ~ X ,

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

a At the end a1 tax year 2002, did the organization have any undistributed income (lines 6d and tie, Part Xltl) far tax year(s) beginning , before 2002 E3 Yes EKI No If Yes,' list the years

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 inCOmB7 (11 applying section 4942(a)(2)10 all years listed, answer 'No' and attach statement -see instructions) N/A 2D

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

3a Did the organization hold more than a 2% duet( or indirect interest in any business enterprise at any time during the years = Yes 0 No

b It Yes,' did It have excess business holdings in 2002 as a result a1 (1) any purchase by the organization or disqualified persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose ' of holdings acquired by gift or bequest, or (3) the lapse al the 10-, 15-, or 20year first phase holding penod9 (Use Schedule C, Form 4720, to determine N the organization had errcess business holdings in 2002) N/A 36

X

Yes =1 No

6

DEL MONTE FOREST FOUNDATION 94-6061665 Information About Officers, Directors, Trustees, Foundation Managers, Highly nape s

0 Paid Employees, and Contractors

(b) (e) Name and address

I Tale hours pi

pensation of five highest-paid employees (other then those included on line 1 N none, enter "NONE " (b) Tile and average (

;R

~m (e) Expense (a) Name and address of each employee paid more than x50,000 hours per week (e) Compensation °account, other

devoted to position ym allowances

Total number of other employees paid ovor$50,000 3 Five highest-paid independent contractors for professional semees If none, enter "NONE."

(a) Name and address al each person paid more than $50,000 (b) Type of serve

List the foundation's }OUP largest direct charitable activities during the tax year Include relevant statistical information such as the I Expenses number of organizations and other beneficiaries served, conferences convened, research papers produced, etc i N/A

2

3

4

Farm 9B0-PF (2pp2)

Part IX-8 Summary of Program-Related Investments

~8tt X Minimum Investment Return (All domestic foundations must complete this part Foreign foundations, see instructions )

1 Fart 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 b Average of monthly cash balances t Fair marked value of all other assets E Total (add lines 1a, b, and c) e Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) 1e 2 Acquisition indebtedness applicable to line 1 assets 3 Subtract line 2 from line td 4 Cash deemed hold for charitable activities Enter 1 1/2% of line 3 (for greater amount, see instructions) 5 Net value of nonaharlta0le-use assets Subtract line 4 from line 3 Enter here and on Part V, line 4

0

PiR ~XA DISt11bUt8ble Amount (see instructions) (Section 4942(j)(3) and (1)(5) private operating foundations and certain foreign organizations check here 1 OX and do not complete this pad )

1 Minimum investment return from Part %, line 6 2a Tax an Investment income for 2002 from Part VI, line 5 2a b Income tax for 2002 (This does not include tie tax from Part VI ) 26 c Add lines 2a and 2b

3 Distnbutable amount baton adjustments Subtract line 2c from line 1 Oa Recoveries al amounts treated as qualifying distributions

4&a b Income distnbutionsfrom sec6on4941(a)(2)trusts irusts Ch c Add lines 4a and 4b

Add lines 3 and 4c g Deduction from dislnbuWDle amount (see instructions) 7 OISIrIGutable amount as adjusted S ubtract line 6 from line 5 Enter here and on Part XIII . line 1

Part Xll 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 ~1 a 107 , 284 . D Program-related Investments -Total from Part IX-B 1b 0 .

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable. etc , purposes 2 3 Amounts set aside far specific charitable projects that satisfy the a Suitability test (poor IRS approval required) 3a 6 Cash distribution test (attach the required schedule) 9D

4 UuaIIlyinp distributions Add lines 1a through 3D Enter here and on Part V, line 8, and Part XIII, line 4 d 107 , 284 . 5 Organizations that quaky under section 4940(e) for tie reduced rate of tax on net investment

income Enter 1 % of Part I, line 27b 5 564 . 6 Adjusted qualifying distributions Subtract line 5 from line 4 ~ 8 ~ 106, 720 .

Note The amount on line 6 will be used m Pert V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) induction o/ tax in those years

F,m, 990-PF Row)

zxawi 01 xa-w

Form 990-OF (2002) DEL MONTE FOREST FOUNDATION 94-6061665

Form 99o-FF(2002) 1 DEL MONTE FOREST FOUNDATION 94-6061665 Page e

Pa1t Xlll Undistributed Income (see instructions)

IU (h) 1c1 Idl Corpus Years prior to 2007 2001 2002

1 Distributable amount for 2002 from Part %I, line 7 0 .

2 UnEbtrIWbOlnooma If my as of Me anc! of 2001 a Enter amount for 2001 ony 0 . pTotal torprior years

0 . 3 Excess distributions carryover, it any, to 2002 a From 7997 h From 7998 c From 1999 d From 2000 eFrom 2001 I Total of lines 3a through e 0~ .

d Qualifying dislnDulions for 2002 from Part %Il,line 4 " = N/A

a Applied to 2001, but not more [fan line 2a 0 . , - h Applied to undistributed income of prior years (Election required -see instructions) 0 . ,

e Treated as distributions out at corpus (Electionrequired -seeinstruc6ons) 0 .

d Applied to 2002 disinDutable amount 0 . e Remaining amount distn6uted out of corpus 0 .

5 E~ nbmeuCOna cmywa eppllaa b 2002 0 . ,0 ,' (II an omounl eppwe in miurtn (Cl we tamp amount mot Manvxnlnmlumn(y) r , r

8 Enter the net total of each column as Indicated below

2 Corpus Mn Ilne JI k end b SuOtrct Ilna S 0 . 6 Prior years' undistributed income Subtract

line 4b from line 2b 0 . c Enter the amount of poor years' undistributed income for which a notice o1 ,. , deficiency has been issued, or on which tie section 4942(a) tax has been previously assessed 0 .

d Subtract line 6c from line 6D Taxable amount-see instructions 0 .

e Undistnbuted income for 2001 Subtract line 4a from line 2a Taxable amount -see instr 0 .

I Undistributed income for 2002 Subtract lines 4d and S from line 1 This amount must be disinbuted in 2003 Q ,

7 Amounts treated as distributions out of corpus t0 satisfy requirements Imposed by section 170(b)(1)(E)or4942(g)(3) 0 .

8 Excess distributions carryover from 1991 not applied on line 5 or line 7 0 . " '

9 Excess distributions carryover to 2003 Subtract lines 7 and 8 from line 6a 0 .

10 Analysis of line 9 a Excess from 1998 b Excess from 1999 e Excess from 2000 " . ` a Excess from 2007 e Excess from 2002

Poem 990-PF Row) 217571 01 23

03

8

see instructions and Part VII-A, c

D Check box to indicate whether tie a 2 a Enter the lesser of the adjusted not

income from Pad I or the minimum investment return from Part X for each year listed

D 85% of line 2a c Qualifying Olstnbuhons tram Part XII,

line 4 for each year listed d Amounts included in line 2c not uses directly for active conduct of exempt activities

e Ouahtylnp distributions made directly for active conduct of exempt activities Subtract line 2d from line 2c Complete 3a, D, or c for the alternative test retied upon

a 'Assets' attematrve test - enter (1) Value of all assets

(2) Value of assets qualifying under section 49a2(j)(3)(B)(p

h 'EnGOwmenY alternative test - Enter Z/3 of minimum investment return shown in Part X, line 6 for each year listed

c 'SupporC alternative test-enter (1) Total support other than gross

investment Income (interest, dividends, rents, payments on securities loans (section 572(a)(5)), or royalties)

(2) Support from general public and 5 or more exempt organizations as provided in section 49412(j)(3)(11)(m)

(3) Largest amount of support from

77 74,199 .1 78 .600

0 .

0 .

d My restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions . or other factors NONE

73351110 2107 Form 990-PF (2002)

1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2002, enter tie date of the ruling

107,284 .1 92 .632

1111.

16,543 99,062

Total

104 842 . 229 656 . 89 , 116 . 1-95 , 208-

68 , 966 . 3-4-8 , 211,

0 . 0 .

0 .

an exempt organization I I I I I 0 .

I Part AV j Supplementary Information (complete this part only if the organization had $5,000 or more in assets at any time during the year-see gape 25 of the instructions .)

1 Information Regarding Foundation Managers a List any managers of lie foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax

year (but only it they have contributed more than 15,000) (See section 507(d)(2) )

b List any managers of the foundation who own 10% or more of the slack of a corporation (or an equally large portion o1 the ownership of a partnership or other entity) at which the foundation has a 10% or greater interest

2 Information Regarding Contribution, Grant, Gift, Loan, Scholarship, ate,Programs . Check here 1 1:1 if the organization only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds It the organization makes gifts, grants, etc (see instructions) to individuals or organizations under other conditions, complete dams 2a, D, c, and d

a The name, address, and telephone number of the person to whom applications should be addressed DEL MONTE FOREST FOUNDATION, FOREST LAKE & LOPEZ ROADS, PEBBLE BEACH, CA 93953

b The loan in which applications should be submitted and information and materials they should include LETTER FORM

e Any submission deadlines NONE

2236otM1 23-03 Fo.980-PF Roo21 10

Analysis of Income-Producing Activities

(e) Related or exempt function income

1 Program service revenue

8

0 a e e 1 p Fees and contrails from government agencies

2 Membership dues and assessments 3 Interest on savings and temporary cash

investments 4 Dividends and interest from securities 5 Net rental income or (lass) from real estate a Debt-financed property b Not debt-financed property

6 Nat rental income or (loss) from personal property

7 Other investment income B Gain or (loss) from sales of assets other

than inventory 9 Nab income or (loss) from special events 10 Grass profit or (loss) from sales al inventory 11 Other revenue

a h

181 -108 .868 .

11

Form 990-PF(2002) DEL MONTE FOREST FOUNDATION 94-6061665 Pawl

Enter gross amounts unless otherwise indicated

Busieess amount ~; Amount code

C

a a

iz Subtotal naacolumns (e),(a),and(e) ~ = 0 . ~ -45 , 897 . 1 0 . 13 Total Add line 12, columns (b), (d), and (e) 13 -45,897 . (See worksheet m line 13 instructions to verify calculations 1

Pmt XVI-B Relationship of Activities to the Accomplishment of Exempt Purposes

Line Na I Explain below how each activity for which income is reported in column (e) of Part INI-A contributed importantly to the accomplishment of tie organization's exempt purposes (other than by providing funds for such purposes)

FoRn 890-PF Row)

To and

Did the orqanrzatian directly or indirectly engage in any of the following with any other organization described in section 501(c) of YB tie Code (other than section 501(c)(3) organizations) or m section 527, relating to political organizations?

a Transfers from the reporting organization to a nonchanWDle exempt organization of (1) Cash 781 12) Olherassets 1j (2)

b Other Transactions (1) Sales of assets to a nonchantaDle exempt organization 1 D 1 , (2) Purchases of assets from a noncharrtaDle exempt organization U12) (9) Rental of facilities, equipment, or other assets 1D 3 (4) Reimbursement arrangements 1D a (5) Loans or loan guarantees ie s (6) Performance of services or membership or tundraisinp solicitations 1b (s)

e Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1 c d It the answer to any of the above is Yes: complete the folloxanp schedule Column (G) should always show the fair market value of the goods, other assets,

or services given by the reporting organization I1 the organization received less than fair market value in any transaction or sharing arrangement, show in

X

2a Is the organization directly or indirectly affiliated with, or related to, one or more tax-exempt organizations described in section 501(c) 01 the Code (other than section 501(c)(3)) or In section 527 EJ Yes [K No

b It'YOS .'COMDlete the following schedule of Name o1

:zaszi 01 zrro

Form990-PF(2002) DEL MONTE FOREST FOUNDATION 94-6061665

X

UnOSpanNYa of pe/wy I CeCere Netin w mamln Wm Indudlnp emompenylnp ~edule end sfeE>nenh w0 b Vie Dml of rty knawleEpe enE belld II InVue correct, ND compl"b Daderetlon OI D (OIL f du7ap~~ I1 UdW OA III InbmuNon of ~Ch pieipers AO tnowlaG

1

m ' 11 I

Signature of officer or e'

Preparors m

' o c signature

��,e(�� FALGE & WILSEY, CPAS aas nmdVvioem ,P .0 . BOX 7310

+"'z~~ CARMEL, CA 93921-7310

Schedule B (Form 990. 990-EZ, or

990-PF) DapNmenl of Ire Tremury

Schedule of Contributors OMB No 150S0047

LOOL Supplementary Information for

line 1 of Forth 990, 990-EZ, and 990-PF (see instructions)

Name of organization

94-6061665 DEL MONTE FOREST FOUNDATION

Caution Organizations that are not covered by the General Rule end/or the Special Rules do not rile Schedule B (Form 990, 990.Q, or 990-Ph), but they must check the box in the heading o! their Form 990, Form 990-EZ, or on line 7 0! then Form 990.PF, to certify that they do not meet the fling requirements of Schedule B (Form 990, 990-EZ, or 990-PF)

Schedule B(FOrm 9BD,890-E2,or990-PF) (2002)

223+51 01 23-03 13

Employer identification number

Organisation type check one)

Filers of, Section

Forth 990 or 990~E2 D 501(c)( ) (enter number) organization

0 4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 polhicel organization

Form 990 PF X~ 501(c)(3) exempt private foundation

D 4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3)taxable private foundatlon

Check it your organization is covered by the General Rule or e Special Rule (Note Only a section 501(c)(7), (8), or (10) organization can check boxes) (or both the General Rule end a Special Rule-see instructions )

General Rule-

[M For organizations filing Farm 990, 990~EZ, or 990 PF that received, during the year, E5,000 or more (in money or property) from anyone contributor (Complete Parts I and 11 1

Special Rules-

For a section 501(c)(3) organization filing Form 990, or Form 990~EZ, that met the 33 1/d% support test of the regulations under sections 509(a)(1)/170(b)(1)ftvq and received from any one contributor, during the year, a contribution of the greater of $5,000 or 2% of the amount on line 1 01 these forms (Complete Parts I end 11 )

0 For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990 EZ, that received from anyone contributor, during the year, aggregate contributions or bequests of more than $7,000 for use exclusively for religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelly to children or animals (Complete Parts I, II, end III )

0 For a section 501(c)(7), (8), or (10) organization filing Forth 990, or Form 990~EZ, that received from any one contributor, during the year, some contributions for use exclusively for religious, charitable, etc , purposes, but these contributions did not aggregate to more than $1 .000 (IT this box is checked, enter here the total contributions that were received during the year for en exclusively religious, charitable, etc , purpose Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusrvey, religious, charitable, etc , contributions of $5,000 or more during the year ) " $

LHA For Paperwork Reduction AM Notice, see the Instructions for Form 990 end Form B90-EZ

Payroll 0 y Noncash

(Complete Part II d there is a noncash contribution

(a) (b) (e) No Name, address, and ZIP + 4 Aggregate contributions Type of contribution

versos 0 Payroll 0

y Noncash 0

(Complete Part II A there is e noncash contribution

(e) (b) (c) No Name, address, end ZIP + 4 Aggregate contributions Type of contribution

Person Payroll

y Noncasn 0

(Complete Part II A there is a noncash contribution )

No Name, address, and ZIP f 4 Aggregate contributions Type of contribution

Person 0 Payroll

y Noncash 0

(Complete Part II A there is a noncash contribution )

(a) (b) (e) (d) No Name, address, end ZIP +4 Aggregate contributions Type of contribution

Person Payroll

y Noncesh

(Complete Part II A there is e noncash contribution

223452 0,-23 03 Schedule 8 (Form 990,990-EZ,or990~PF) (2002) 14

~adulv 8 FOrtn 9B0 YBPEZ, or BWPF) (2te) Peps 1 b 1 0l Psn I

Name of organization Employer Identification number

DEL MONTE FOREST FOUNDATION 94-6061665

08R l Contributors (See Specific Instructions )

(a) (b) (c) (d) No Name, address, and ZIP + 4 Aggregate contributions Type of contribution

COMMUNITY FOUNDATION FOR MONTEREY 1 COUNTY Person ~X

Payroll 99 PACIFIC AVE y 5,000 . Noneash

(Complete Part II dthere MONTEREY, CA 93940 is anoncashcontnbution)

(a) (b) (c) No Name, address, end ZIP +4 Aggregate contributions Type of contribution

Person


FORM 990-PF GAIN OR (LOSS) FROM SALE OF ASSETS STATEMENT 1

MANNER DATE ACQUIRED ACQUIRED DATE SOLD

PURCHASED

0 . 0 . -79,035 .

0 .

-108,868 .

CAPITAL GAINS DIVIDENDS FROM PART IV

TOTAL TO FORM 990-PF, PART I, LINE 6A

STATEMENT S) 1 15

(A) DESCRIPTION OF PROPERTY

AM MUTUAL FD-REG

GROSS COST OR SALES PRICE OTHER BASIS

148,814 . 167,759 .


AM AMCAP FD-REG

GROSS COST OR SALES PRICE OTHER BASIS

199,468 . 278,503 .


CYPRESS STOCK

(B) (C) GROSS COST OR

SALES PRICE OTHER BASIS

8,635 . 19,523 .


PURCHASED

(D) (E) (F) EXPENSE OF

SALE DEPREC . GAIN OR LOSS

0 . 0 . -18,945 .

(D) (E) EXPENSE OF

SALE DEPREC

(F)

GAIN OR LOSS


PURCHASED

(D) (E) (F) EXPENSE OF

SALE DEPREC . GAIN OR LOSS

0 . 0 . -10,888 .

FORM 990-PF RENTAL INCOME STATEMENT 3

TOTAL TO FORM 990-PF, PART I, LINE SA 8,082 .

FORM 990-PF RENTAL EXPENSES STATEMENT 4

6,506 . 1,139 . 2,316 .

MAINTENANCE UTILITIES DEPRECIATION

- SUBTOTAL - 1 9,961 .

TOTAL RENTAL EXPENSES 9,961 .

NET RENTAL INCOME TO FORM 990-PF, PART I, LINE 5B -1,879 .

FORM 990-PF LEGAL FEES STATEMENT 5

8,257 . 8,257 . 0 8,257 .

TO FM 990-PF, PG 1, LN 16A 8,257 . 0 . 8,257 . 8,257 .

16 STATEMENT S) 2, 3, 4, 5


FORM 990-PF DIVIDENDS AND INTEREST FROM SECURITIES STATEMENT 2

CAPITAL GAINS COLUMN (A) SOURCE GROSS AMOUNT DIVIDENDS AMOUNT

MERRILL LYNCH 64,850 . 0 . 64,850 .

TOTAL TO FM 990-PF, PART I, LN 4 64,850 . 0 . 64,850 .

KIND AND LOCATION OF PROPERTY

INDIAN VILLAGE,PEBBLE BEACH, CA GINGERBREAD PROPERTY,PEBBLE BEACH,CA

ACTIVITY GROSS NUMBER RENTAL INCOME

1 3,682 . 2 4,400 .

DESCRIPTION ACTIVITY NUMBER AMOUNT TOTAL

DESCRIPTION

LEGAL FEES

(A) EXPENSES PER BOOKS

(B) NET INVEST-MENT INCOME

(C) ADJUSTED NET INCOME

(D) CHARITABLE PURPOSES

FORM 990-PF TAXES STATEMENT 8

EXPENSES NET INVEST-PER BOOKS MENT INCOME

(D) CHARITABLE PURPOSES

204 .

204 .

DESCRIPTION

204

STATEMENT S) 6, 7, 8 17


FORM 990-PF ACCOUNTING FEES STATEMENT 6

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE

DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

ACCOUNTING FEES 2,932 . 1,466 . 2,932 . 1,466 . BOOKKEEPING/SECRETARIAL SVCS 4,739 . 2,369 . 4,739 . 2,370 .

TO FORM 990-PF, PG 1, LN 16B 7,671 . 3,835 . 7,671 . 3,836 .

FORM 990-PF OTHER PROFESSIONAL FEES STATEMENT 7

(A) (H) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE


CONSULTING FORESTER 40,391 . 0 . 40,391 . 40,391 . CONSULTING-OTHER 2,100 . 1,050 . 2,100 . 1,050 .

TO FORM 990-PF, PG 1, LN 16C 42,491 . 1,050 . 42,491 . 41,441 .

PROPERTY TAX 204 . 0 .

TO FORM 990-PF, PG 1, LN 18 204 . 0 .

(C) ADJUSTED NET INCOME

204

FORM 990-PF U .S . AND STATE/CITY GOVERNMENT OBLIGATIONS STATEMENT 10

X

TOTAL U .S . GOVERNMENT OBLIGATIONS 475 . 483 .

FORM 990-PF CORPORATE STOCK STATEMENT 11

TOTAL TO FORM 990-PF, PART II, LINE lOH 1,997,459 . 1,997,459 .

18 STATEMENT S) 9, 10, 11


FORM 990-PF OTHER EXPENSES STATEMENT 9

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE


GENERAL MAINTENANCE 27,533 . 0 . 27,533 . 27,533 . INSURANCE,PROP & LIAB 5,741 . 0 . 5,741 . 5,741 . PITCH CANKER RESEARCH PROJECT 15,000 . 0 . 15,000 . 15,000 . DIRECTORS EXPENSES 2,107 . 0 . 2,107 . 2,107 . STATE FILING FEE 35 . 0 . 35 . 35 . OFFICE EXPENSE 1,164 . 582 . 1,164 . 582 . RENTAL EXPENSES 9,973 . 9,973 . 9,973 . 0 . D&O LIABILITY INS 2,548 . 0 . 2,548 . 2,548 . INVESTMENT COSTS 625 . 625 . 625 . 0 .

TO FORM 990-PF, PG 1, LN 23 64,726 . 11,180 . 64,726 . 53,546 .

DESCRIPTION

GNMA POOL

U .S . OTHER GOVT GOV T BOOK VALUE

475 .

FAIR MARKET VALUE

483 .

TOTAL STATE AND MUNICIPAL GOVERNMENT OBLIGATIONS

TOTAL TO FORM 990-PF, PART II, LINE 10A 475 . 483 .

DESCRIPTION

MUTUAL FUNDS CORPORATE STOCK

BOOK VALUE

1,936,946 . 60,513 .

FAIR MARKET VALUE

1,936,946 . 60,513 .


19 STATEMENT S) 12

FORM 990-PF LIST OF SUBSTANTIAL CONTRIBUTORS STATEMENT 12 PART VII-A, LINE 10

NAME OF CONTRIBUTOR ADDRESS

COMMUNITY FOUNDATION MONTEREY, CA 93940

LIST OF OFFICERS 2002

President . . . . . . . . . . . Jeff Craig Treasurer . . N.B. ANord 1st Vice President . . Ed Brown Secretary . . . Sally Kuhn 2nd Vice Presldent . . . . .June Duran Stock

HONORARY MEMBERS William C. Penick 2983 Cokon Road, PB 372-2430

f7 JTL-TOC!

James J. Hill, III PO Box 1588, Monterey 624-2719 Robert Roth 8545 Cannel Valley Road 628-4880 John L. Love PO Box 305, Pebble Beach 625-1925 Sydney Harrison 8645 Carmel Valley Road 825-0998

Cannel, CA 93923 Ruth Amonette 8545 Cannel Valley Road

Carmel, CA 93923 824-9636 Larry Seeman 95" Maple Court, 825-5211

Cannel, CA 93923 William R. Gianelli 1012 Rodeo Road, PB 849.1274 Jane Steel PO Box 915, Pebble Beach 624-7341 William T. McClintock 4139 Sunridge Road, PB 824-3985 Nancy Borland PO Box 34, Pebble Beach 625-1641

r~

TA -A n7 rr cm7 hr fia.i )cc7_c)c_tca " xaa nc) uroaqa »aaIa

r

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DEL MONTE FOREST FOUNDATION, INC. Forest take and Lopez Roads, Pebble Beach, CA 93933 (831) 373~1293 Fax (831) 373-2357

BOARD OF DIRECTOR, H,B. Alvord 1450 Oleada Road, PB 8248684 Ed Brown 4112 Pine Meadows Way, PB 82&8337 Shawn Casey PO Box 1767, Pebble Beach 625-8435 Jeff Craig 1171 Chaparral Road, PB 373-6849 John H. Davis 1000 Rodeo Road, PB 375-0804 -George Ford 1052 Rodeo Road, PS 375-6542 Ann Baumgart Gianelli 1012 Rodeo Road, PS 372-9038 Barbara McGowen PO Box 81, Pebble Beach 824 .8484 Hampton Stewart, III PO Box 153, Pebble Beach 824.1171 Jane Duran Stock PO Box 23, Pebble Beach 624-2828 Mark J . Verbonich PO Box 1767, Pebble Beach 825-8444 Paul Woudenberg PO Box 1583, Pebble Beach 825-0855

Stephen &taub 6010 Highway 9, Suite 6 335-1452-0 Fekon, CA 95018 335-1482"F

LEGAL COUNSEL Paul D . Gullion, Esq Attorney at Law 758 .1083-0

512 Pa/ero Street, Suite 12 75B-1408-F Salinas, CA 93802

f . 990-pf return of private foundation990s.foundationcenter.org/990pf_pdf_archive/946/... ·...

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