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Town Creek 2011 990

Town Creek 2011 990

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ReturnofPrivateFoundation
orSection4947{a)(1)NonexemptCharitableTrust
DepartmentoftheTreasury
TreatedasaPrivateFoundation
InternIRevenue
Service
NoteThefoundationmabeabletouseacoofthisreturntosansstatereortmreuirements.
OMS
No
1545·0052
Forcalendaryear2011ortaxyearbeginningandendingForm
990-PF
2011
,
NameofIoundauonAEmployerIdentificationnumber
TOWNCREEKFOUNDATIONINC.52-1227030
Numberandstreet(orPOboxnumber
If
mall
IS
notdeliveredtostreetaddress)
I
Room/suIteBTelephonenumber
121N.WESTSTREET4107638171
Cityortown,state,andZIPcode
C
Ifexemptionapplication
IS
pending,checkhere
~D
EASTON,
MD
21601
GCheckallthatapply:
CJ
Initialreturn
D
InitialreturnofaformerpubliccharityD1Foreignorganizations,checkhere
~DD
Finalreturn
D
Amendedreturn
D
Addresschange
D
Namechange2
Foreignorganizationsmeetingthe85%lest
~D
heckhereandattachcomputation
HChecktypeoforganization:
[][I
Section501(c)(3)exemptprivatefoundationEIfprivatefoundationstatuswasterminated
D
ection4947(a)(1)nonexemptcharitabletrust
D
Othertaxableprivatefoundationundersection507(b)(1)(A),checkhere
~D
IFairmarketvalueofallassetsatendofyear
J
Accountingmethod.
[X]
Cash
D
Accrual
F
IfthefoundationISrna50-monthtermrnatlon
D
fromPartII,col(c),
hne
16)
D
Other(specify)undersection507(b)(1)(B),checkhere~
~$
44295,997.
(PartI,column(d)mustbeoncashbests)
I
Part
U
AnalysisofRevenueandExpenses(a)Revenueand(b)NetInvestment(c)Adlustednet(d)DlsbuTsements(ThetotatofamountsIncolumns
(b).
(c),
and(d)maynot
forcharitablepurposes
necessaruyequaltheamountsIncolumn(a))expensesperbooksIncomeIncome(cashbaSISonly)1Contributions,giftS,grants,etc.,received
N/A
2Check~
[X]
IItheloundatlonSnotreQuiledoattachSch
B
3
Interestonsavingsandtemporary
2,071.2071.STATEMENT1
ashInvestments
4DIVidendsandInterestfromsecurmes
1,
060093.1056428.STATEMENT2
5aGrossrentsbNetrentalIncomeor(loss)
Q)
SaNetgainor(loSS)romsaleofassetsnoton
hne10
3731,568.
::l
bGrosssalespriceforall
29
1
258
1
855.
assetsonIlne6a
Q)
3731568.
7
Capital
gaInnetIncome(from
Part
IV,hne
2)
Q)
a:
8Netshort-termcapitalgam9Inco
10;...,....
Ff
i\
f
r-
10GrossaleslesRro~
I-~
aandalwances
L
_..I
bLesso~d;g;;;;~sold
I
.
\..;
,Cr.
cGross
r@
tor~a~~
26
,012
'1
11Other
na1
ne
_j9,;
32242.32242.\STATEMENT3
12Total.p,ad~through11
IT
4825974.4822309.
13Compesa"on9~1~~'M¥,u.lJ~l~
149433.
O.
149
1
433.
14Othernnproyeesalariesandwages
64,150.
O.
64
L
150.
15Pensionplans,employeebenefits
21084.
o.
21
1
084.
en
STMT42000.2000.
o.
)
1SaLegalfees
en
s:::
bAccountmgfees
STMT59900.9900.
o.
)
c.
STMT6260868.260868.
O.
(
cOtherprotessionatfees
w
~
17Interest
.~
18Taxes
STMT775375.
O.
75375.
lJ
l>
2825.
O.
n
19Deprecratronanddepletion
'c
'E
20Occupancy
21767.
o.
21767.
"1J
21Travel,conferences,andmeetmgs
13,377.
O.
13377.
"1J
22
Pnntinq
andpubucations
(lJ
CI
23Otherexpenses
STMT826776.
O.
26776.
e
;
24Totaloperatingandadministrative
...
647,555.272768.371962.
)
expenses.Addlines13through23
.
0
25Contnbunons,giftS,grantspaid
4121500.4121500.
26TotalexpensesanddisbursementsAddlines24and25
4769055.272768.4493462.
27Subtractline25fromline12:
a
Excessofrevenueoverexpensesanddisbursements
56919.
bNetinvestmentincome(If
neqatrve.
enter
·0·)
4549541.
cAdjustednetincome(I'negatIve,enter
·0·)
N/A
I
1~~gf.~
LHA
ForPaperworkReductionActNotice,seeinstructions.
1747030179666281814Q
2
2011.03001TOWNCREEKFOUNDATION,
Form
990-PF
(20~j.
INofjb1814Q1
T
 
Form990-PF(2011)
TOWNCREEKFOUNDATIONINC.52-1227030
Page2
I
PartII
I
BalanceSheets
AttacheOcheOulesnOamounlsmIhe
descnpnon
BeginningofyearEndofyearcolumnhoulOelorenO-of-yearmountsnly(a)BookValue(b)BookValue(c)FairMarketValue
1
Cash-non-mterest-beannq
17654.23.582.23582.
2SavingsandtemporarycashInvestments
2515.535.4189512.4189512.
3Accountsreceivable~Less:allowancefordoubtfulaccounts~4Pledgesreceivable~Less:allowancefordoubtfulaccounts~5Grantsreceivable6Receivablesduefromofficers,directors,trustees,andotherdisqualifiedpersons7OtheratesnOoansecervable
~
Less:allowancefordoubtfulaccounts~
II)
8Inventoriesforsaleoruse
...
cu
9Prepaidexpensesanddeferredcharges
I)II)
<
lOaInvestments-U.S.andstategovernmentobligations
STMT9
O.
1581328.1581328.
bInvestments-corporatestock
STMT1035802,288.34,597278.34597278.
cInvestments-corporatebonds
STMT11
O.
1.578506.1578506.
11InveSlmenlSlanO.UIIOmgs.nOeQulpmenlaSIS
~
72607.
lessaccumulaleO
eprecaunn
~
66207.3225.6400.6400.
12Investments-mortgageloans
STMT12
O.
513722.513722.
13Investments-other
STMT138368391.
1.
804292.1804292.
14Land,mnldmqs,andequipment:basis~lessaccumulateO
eprecanen
~
15Otherassets(describe~
PREPAIDEXPENSE
)
1325.1377.1,_]_7.
16Totalassets(tobecompletedbvallfilers)
46708418.44.295997.44295997.
17Accountspayableandaccruedexpenses
240.
18Grantspayable
II)
19Deferredrevenue
cu
~
20
Loansfromofficers,directors,trustees,andotherdisqualifiedpersons
.s
21Mortgagesandothernotespayable
a
::i
22Otherliabilities(describe~
)
23Totalliabilities(addlines17throuah22)
240.
o.
FoundationsthatfollowSFAS117,checkhere
~[X]
II)
andcompletelines24through26andlines30and31
cu
24Unrestricted
46,708178.44295997.
c:::
25Temporarilyrestricted
a
i6
CD
26Permanentlyrestricted
'tJ
FoundationsthatdonotfollowSFAS117,checkhere
~D
:I
LL.
andcompletelines27through31
..
0
27Capitalstock,trustprincipal,orcurrentfunds
I)
...
cu
28Paid-inorcapitalsurplus,orland,bldg,andecmprnentfund
I)II)
<
29Retainedearnings,accumulatedIncome,endowment,orotherfunds
...
46,708178.44295997.
u
30Totalnetassetsorfundbalances
z
31Totalliabilitiesandnetassets/fundbalances
46708418.44295997.
I
Part
III
I
Analysis
of
ChangesinNetAssets
or
FundBalances
1Totalnetassetsorfundbalancesatbeginningofyear-PartII,column(a),line30(mustagreewithend-of-yearfigurereportedonprioryear'sreturn)
1
46708,178.
2EnteramountfromPartI,line27a2
56
1
919.
3OtherIncreasesnotIncludedInline2(Itemize)~3
o.
4Addlines1,2,and34
46,765,097.
5DecreasesnotIncludedInline2(Itemize)~
UNREALIZEDLOSSONINVESTMENTS
5
2,469100.
6
Totalnetassetsorfundbalancesatendofyear(line4minusline5)-PartIIcolumn(b).line306
44295997.
Form
990-PF
(2011)
12351112-02-11
1747030179666281814Q
3
2011.03001TOWNCREEKFOUNDATION,INC.81814Q1
 
Form990-PF(2011)
TOWNCREEKFOUNDATION,INC.52-1227030
Page3
I
PartIV
I
CapitalGainsandLossesforTaxonInvestmentIncome
(a)Listanddescrrbetheklnd(s)ofpropertysold(e.u.,realestate,
(b~HOW
acquired(e~Dateacquired(d)Datesold2-storybrrckwarehouse;orcommonstock,200shs.MLCCo.)-Purchaserno.,day,yr.)(mo,day,yr)0-Donation18
SEEATTACHED
p
12/31/1112/31/11
b
c
de(e)Grosssalesprrce
(I)
Depreciationallowed(g)Costorotherbasis
(h)
Garnor(loss)(orallowable)plusexpenseofsale(e)plus(f)minus(g)a
29,258,855.25527287.3,731568.
b
c
deCompleteonlyforassetsshowmogarnrncolumn(h)andownedbythefoundationon12/31/69(I)Gains(Col.(h)garnmrnus
(j)
Adlustedbasis(k)Excessofcol.(I)col.(k),butnotlessthan-0-)or
(i)
F.M.V.asof
12/31/69
asof
12/31/69
overcol.
(II,
IfanyLosses(fromcol.(h))a
3,731l568.
b
c
de
{If
garn,alsoenterInPartI,line7
}
CapitalgainnetIncomeor(netcapitalloss)
If
(loss),enter-0-InPartI,Irne7
2
3l731l568.
3Netshort-termcapitalgarnor(loss)asdefinedInsections1222(5)and(6):
}
fgarn,alsoenterInPartI,Irne8,column(c)
N/A
f(loss).enter-0-InPartIIrne83
I
PartV
I
QualificationUnderSection4940(e)forReducedTaxonNetInvestmentIncome
(Foroptionalusebydomesticprivatefoundationssublecttothesection4940(a)taxonnetrnvestmentIncome)
If
section4940(d)(2)apphes.teavenuspartblank.Wasthefoundationliableforthesection4942taxonthedistributableamountofanyyearInthebasepenod?
If
"Yes,"thefoundationdoesnotqualifyundersection4940(e).Donotcompletetrnspart.DYes
[XJ
No1EntertheapproprrateamountIneachcolumnforeachyearseeinstructionsbeforemakinganyentries(a)
(b)(e)
(d)
BaseperiodyearsDistributIOnratioCalendaryear-Cortaxyearbegrnnlngrn)AdjustedqualifyingdistributionsNetvalueofnoncnantable-useassets(col(b)diVidedbycol(c))2010
2678365.44,288287..060476
2009
2826077.39,321577..071871
2008
4883801.47609807..102580
2007
3601642.
61,332l976.
.058723
2006
2527821.58,476420..043228
2
Totalofline1,column(d)
2
.336878
3
Averagedistributionratioforthe5-yearbaseperiod-diVidethetotalonIrne2by5,orbythenumberofyearsthefoundationhasbeenrnexstenceIflessthan5years
3
.067376
4
Enterthenetvalueofnonchantable-useassetsfor2011fromPartX,line5
4
45175dJ.~
5
MultiplyIrne4byIrne3
5
3
043l747.
6
Enter1%ofnetInvestmentIncome(1%ofPartI,Irne27b)
6
45495.
7
Addlines5and6
7
~089l242.
8
EnterqualifyingdistributionsfromPartXII,Irne4
8
4493462.
If
line8ISequaltoorgreaterthanIrne7,checktheboxrnPartVI,linelb,andcompletethatpartusrnga1%taxrate.SeethePartVImstrucuons.
12352112·011
Form
990-PF
(2011)
1747030179666281814Q
4
2011.03001TOWNCREEKFOUNDATION,INC.81814Q1

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