• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
t
\u2022
F o r m
9 9 0 - P F
Ret urn
o f
Privat e
Foundat ion
O M B
N o
1 5 4 5 - 0 0 5 2
o rSect ion
4 9 4 7 (a ) ( 1 )
N o n e x e m p t
Charit able
T r u s t
20 08
Depart ment
o f
t heT r e a s u r y
Treat ed
a s
a
Privat e
Foundat ion
I nt ernal
R e v e n u eS e r v i c e
Not e
T h e
foundat ion
m a y
b e
a b l e
t o
u s e
a
c o p y
of this
ret urn
t o
sat isfy
st at e
report ing
requirement s
F o r
c a l e n d a r
y e a r
2 0 0 8
,
o rt axy e a r
b e g i n n i n g
,
a n d
e n d i n g
r
r h n n b
s u
t hsf
e n n h ,
i
1
I n, 1, sI
rnt ,
, .n
1
1
C, net
rafn, n
1
1
e r n n n r l ad
rnfi, , n
F_ _ _1
t ddrn
n h e n n e
I
I
n ^ ^. . . . . . . 6. . . . . . . .
U s e
t he
I RS
N a m e
o ffoundat ion
A
E m p l o y e r
I dent ificat ion
n u m b e r
l a b e l .
H E
WE S T LA KE
F OU N D A T I ON
I NC .
Ot h e r w i s e
,
/ O
KON I GS BE R G
,
W O L F
&
C O.
1 3- 339 30 4 2
p r i n t
N u m b e r
a n d
st reet
( o rP
O
b o x
n u m b e r
ifm a i l
i s
n o t
d e l i v e r e d
t o
st reet
a d d r e s s)
R o o m /sult e
B
T e l e p h o n e
n u m b e r
ort ype.
4 4 0
P A R K
A VE N U E
S OU T H
(2 1 2
)
6 8 5 - 7 2 1 5
S e e
S p e c i f i c
I nst ruct ions
.
Cit y
o rt ow n,
st at e,
a n d
Z I Pc o d e
C
I fexempt ion
applicat ion
i sp e n d i n g
,
c h e c k
h e r e
E W
YOR K
,
N Y
1 0 0 1 6
D
1 .
F o r e i g n
organiz at ions,
c h e c k
h e r e
H
C h e c k
t ype
o f
organizat ion
X
Sect ion
5 0 1( c ) ( 3)
e x e m p t
privat efoundat ion
c h e c k
h e r e
a n d
F o r e i g n
organdat lons
meet ing
t he
8 5%
t est ,
a n d
o r g a ni zat ions
comput at ion
Sect ion
4 9 4 7(a) (1)
n o n e x e mptcharit ablet rust
0
Ot h e rt axable
privat efoundat ion
E
I fprivat efoundat ion
st at usw as
t erminat ed
I
F a i rm a r k e t
v a l u e
o f
a l lasset s
a t
e n d
o fy e a r
J
Account ing
met hod
O X
C a s h
A c c r u a l
u n d e r
sect ion5 0 7 ( b ) ( 1 ) ( A ) ,
c h e c k
h e r e
( f r o m
P a r t
ll,
c o l
(c) ,
l i n e
1 6 )
0
Ot h e r( s p e c i f y )
F
I ft hefoundat ion
i si na60-mont h
t erminat ion
^
$
25 6
94
8
.
( P a r t
1,
c o l u m n
( d )
m u s t
b e
o n
c a s h
b a s i s )
u n d e r
sect ion
5 0 7
(b) (1
B) ,
c h e c k
h e r e
^
1
A n a lys i s
o f
R e v e n u e
a n d
E xpe n s e s
( T h e
t ot al
o f
amount s
i n
c o l u m n s
( b ) ,
(c) ,
a n d
( d )
m a y
n o t
( a )
R e v e n u e
a n d
e x p e n s e s
e rb o o k s
( b )
N e t
I nvest ment
i n c o m
( c )
Adjust ed
n e t
Disbursement s
( d )
f o rchant able
p u r p o s e s
n e c e s s a r i l y
n e c e s s a r i l y
e q u a l
t he
amount s
i n
c o l u m n
(a ) )
p
e
i n c o m e
( c a s h
b a s i s
o n l y )
1
Cont ribut ions,
gift s,
grant s,
et c
,
r e c e i v e d
6 1
,
28 1
.
NIA
2
C h e c k
^
O
lit hefoundat ion
i sn o t
r e q u i r e dt oat t achS c h
B
3
I nt erest
o n
s a v i n g s
a n d
t emporary
c a s h
invest ment s
4
D i v i d e n d s
a n d
int erest
f r o m
securit ies
9, 942.
9, 942.
ST A T EM EN T
1
5 a
Gr o s s
rent s
b
N e t
rent al
i n c o m e
o r
( l o s s )
6 a
N e t
g a i n
o r( l o s s )
f r o m
s a l e
o fasset s
n o t
o n
l i n e
1 0
1 ,
332 .
b
Gr o s s
s a l e s
p r i c e
f o ra l l
8
6 ,
0 2 4 .
asset s
o n
l i n e
6 a
y
7
Capit al
g a i n
n e t
i n c o m e
( f r o m
P a r t
I V,
l i n e2 )
1 ,
332 .
\u00b0 C
8
N e t
short -t erm
capit alg a i n
9
I ncome
modificat ions
Gr o s s
s a l e s
l e s s
ret urns
1 0 a
a n d
a l l o w a n c e s
b
Le s s
C o s t
o fg o o d s
s o l d
c
Gr o s s
pr o f i t
o r( l o s s )
1 1
Ot h e ri n c o m e
1 2
Tot al
A d d
l i n e s
1
t hrough
1 1
7 2
,
5 5 5 .
1 1
,
2 7 4 .
1 3
Compensat ion
o f
o f f i c e r s ,
direct ors
,
t rust ees,
et c
0 .
0 .
0
1 4
Ot h e re m p l o y e e
s a l a r i e s - a n d :
e p
1 5
P e n s i o n
f a n s ,
ediploiee, be' 1et lt sl
E
V
1 6 a
Le g a l
f e e s
-
- - -`
U )
C L
b
Account in
e
N O
c
Ot h e r
r o f e
s f o l n a lf e 3
C C
W
p
1 7
I nt erest
' ^
1 8
T a x e s
>
`y
N
: F1
1
4 31 .
0 .
9 .
E
1 9
Depreciat ion
p
o n
E
2 0
Oc c u p a n c y
a
2 1
T r a v e l ,
c o n f e r e n c e s ,
a n d
meet ings
2 2
Print ing
a n d
publicat ions
2 3
Ot h e re x p e n s e s
2 4
Tot al
operat ing
a n d
administ rat ive
a
e x p e n s e s
.
A d d
l i n e s
1 3t hrough
2 3
43 1
0
.
0
0
2 5
Cont ribut ions,
gift s,
grant spa i d
4 0 ,
0 0 0 .
4 0
,
0 0 0 .
2 6
Tot al
e x p e n s e s
a n d
disbursement s.
A d d
l i n e s
2 4a n d
2 5
4 0
,
43 1
.
0 .
4 0
,
0 0 0 .
2 7
Subt ract
l i n e2 6f r o m
l i n e
1 2
a
E x c e s s
o f
r e v e n u e
o v e r
e x p e n s e s
a n d
disbursement s
32 ,
1 2
4
.
b
N e t
invest ment
i n c o m e
(i fnegat ive,
ent er
- 0 -)
1 1 ,
2
44
.
C
Adjust ed
n e t
i n c o m e
( i f ne gat ive,
ent er- 0 -
N / A
v U
8 2 35 0 1
Lt -t A
r o r
r r l v a c y
A n
a n e
r a p e r w o r x
Me a u c
ii o n
A C T
Not ice
,
s e et heinst ruct ions.
F o r m9 9 0 - P F
(2008 )
0 1 - 0 2 - 0 9
r k
a
^ /
T H E
W E S T L A K E
F O U N D A T I O N
I N C .
Fo r m
9 9 0 - P F( 2 0 0 8)
C / O
K O NI G S B E R G
,
W O L F
&
C O .
13- 339 30 42
P a a e 2
s " u I- - -
a n da m o u n t s
Inth ed e s c r i p t i o n
Ba l a n c e
Sh e
t
Be g i n n i n g
o fy e a r
En d
o fy e a r
p
j t
e
s
o o l u m n s h o u l d
b e
f o re n d- o i - y e a r a m o u n t so n l y
( a )
Bo o kV a lue
( b )
Bo o k
V a lue
( c )
Fa i rM a r k e t
V a lue
1
Ca s h
-n o n - In t e r e s t - b e a r i n g
3,
9 35.
3
,
49 7 .
3, 49 7.
2
Sa v i n g s
a n d
t e m p o r a r y
c a sh
i n v e s t m e n t s
1, 0 0 0 .
3
Ac c o u n t s
r e c e i v a b l e
^
Le s s
a l l o w a n c e
f o rd o u b t f u la c c o u n t s
^
4
P l e d g e s
r e c e i v a b l e
^
Le s s
a l l o w a n c e
f o rd o u b t f u l
a c c o u n t s
^
5
Gr a n t s
r e c e i v a b l e
6
Re c e i v a b l e s
d u e
f r o m
o f f i c e r s,
d i r e c t o r s ,
t r u s t e e s ,
a n d
o t h e r
d i s q u a l i f i e d
p e r s o n s
7
Ot h e r n o t e sa n d
l o a n sr e c e i v a b l e
^
Le s s
a l l o w a n c e
f o rd o u b t f u la c c o u n t s
^
i n
8
In v e n t o r i e s
f o rs a l e
o ru s e
9
P r e p a i d
e x p e n s e s
a n d
d e f e r r e d
c h a r g e s
10 a
In v e s t m e n t s
-
US
a n d
s t a t e
g o v e r n m e n t
o b l i g a t i o n s
STM T
4
7 30 , 332 .
36 7 , 518 .
2 53
,
4 5 1 .
b
In v e s t m e n t s
-c o r p o r a t e
s t o c k
c
In v e s t m e n t s
-c o r p o r a t e
b o n d s
1 1
In v e s t .
n t s
-
l a n d .b u i l d i n g s
a n de q u i p m e n t
b a s i s
^
Le s s
a c c u m u l a t e d
d e p r o c i a b o n
^
1 2
In v e s t m e n t s
-m o r t g a g e
l o a n s
1 3
In v e s t m e n t s
-o t h e r
1 4
La n d ,
b u i l d i n g s ,
a n d
e q u i p m e n t
b a s i s
^
Le s s
a c c u m u l a t e d
d e p r e c i a t i o n
^
1 5
Ot h e ra s s e t s
( d e s c r i b e
^
)
1 6
To t a l
a s s e t s
(t o
b e
c o mpl e t e d
by
a llf i le r s)
7 35
,
2 6 7.
1
37 1
,
0 15.
2 56
,
9 48 .
1 7
Ac c o u n t s
p a y a b l e
a n d
a c c r u e d
e x p e n s e s
1 8
Gr a n t s
p a y a b l e
1 9
De f e r r e d
r e v e n u e
2 0
Lo a n s
f r o m
o f f i c e r s ,
d i r e c t o r s ,
t r u s t e e s,
a n d
o t h e r
d i s q u a l i f i e d
p e r s o n s
.Lo
2 1
M o r t g a g e s
a n d
o t h e r
n o t e s
p a y a b l e
J
2 2
Ot h e r
li a b i li t i e s
( d e s c r i b e
^
2 3
To t a l
li a b i li t i e s
(a d d
li n e s
1 7t h r o ugh
2 2)
0 .
0 .
Fo u n d a t i o n s
t h a tf o llo w
S F A S1 1 7 ,
c h e c k
h e r e
^
0
a n d
c o m p l e t e
l i n e s2 4t h r o u g h
2 6
a n d
l i n e s
3 0
a n d
3 1 .
2 4
Un r e s t r i c t e d
c c
2 5
Te m p o r a r i l y
r e s t r i c t e d
m
2 6
P e r m a n e n t l y
r e s t r i c t e d
Fo u n d a t i o n s
t h a t
d o
n o t
f o llo w
S F A S1 1 7 ,
c h e c k
h e r e
^
O X
a n d
c o m p l e t e
l i n e s
2 7t h r o u g h
3 1
M
2 7
Ca p i t a ls t o c k ,
trust principal,
o rc u r r e n tf u n d s
2 75
,
1 3 7 .
2 36
,
46 1
.
i u n
y
2 8
P a i d- i n
o rc a p i t a ls u r p l u s ,
o rl a n d ,
b l d g
,
a n d
e q u i p m e n t
f u n d
357, 70 0 .
0
a
2 9
Re t a i n e d
e a r n i n g s ,
a c c u m u l a t e d
i n c o m e ,
e n d o w m e n t ,
o ro t h e rf u n d s
10 2 , 430 .
1 3 4
,
5 5 4
.
Z
3 0
To t a l
n e t
a s s e t s
o r
f u n d
b a l a n c e s
735, 2 6 7.
37 1
0 15
.
31
To t a l
li a b i li t i e s
a n d
n e ta s s e t s
a n d
b a l a n c e s
7 35
,
2 6 7.
37 1
0 15
.
pj f
An a l y s i s
o f
Ch a n g e s
i n
Ne t
As s e t s
o r
Fu n d
Ba l a n c e s
To t a ln e ta s s e t s
o rf u n d
b a l a n c e s
a tb e g i n n i n g
o fy e a r
-
P a r t
II,
c o l u m n
(a) ,
li n e
3 0
( m u s t
a g r e e
w i t h
e n d - o f - y e a r
f i g u r e
r e p o r t e d
o n
p r i o ry e a r ' s
r e t u r n )
En t e ra m o u n t
f r o m
P a r t
I ,
li n e
2 7a
Ot h e r
i n c r e a s e s
n o t
i n c l u d e d
i n
li n e
2
( i t e m i z e )
^
23
45
Ad d
li n e s
1,
2 ,
a n d
3
De c r e a s e s
n o ti n c l u d e d
i nli n e
2
(i t e m i z e)
^
M ADO F F
P ONZ
I
SCHEM E
T H E F T
L O S S
4
8 2 35 11
0 1- 0 2 - 0 9
735, 2 6 7.
32 , 12 4.
0 .

7 6 7 , 39 1. 39 6 , 37 6 . 371, 0 15.

Fo r m9 9 0 - P F( 2 0 0 8 )
T H E
W E S T L A K E
F O U N D A T I O N
I N C .
Fo r m
9 9 0 -P F( 2 0 0 8)
C /O
K O N I G S B E R G
,
W O L F
&
C O.
13- 339 30 42
P age3
P a r tI V
Ca pita l
Ga i n s
a nd
Lo sse s
f o r
Ta x
o n
Inve stm e nt
Inco m e
( a )
Li s ta ndde scr i b e
th e
k ind(s )
o fp r o p e r t y
s o l d
( e
g
r e a le sta te
,
2 - sto r y
b r i ck
w a r e h o u s e
,
o rco m m o n
s t o c k
,
2 0 0
sh s
M LC
C o
r y
)
(b
Ho w
a cq u i r e d
-
P u r ch a se
D
-
Do n a t i o n
( c)
Da t e
a cq u i r e d
( m o
,
da y
,
y r )
( d)
Da t e
s o l d
( m o
,
da y ,
y r
)
1a
S E E
A T T A C H E D
P
b
S E E
A T T A C H E D
P
C
de
( e )
Gr o s ssa le sp r i ce
(t)
De p r e c i a t i o n
a l l o w e d
( o ra llo wa b le)
(g )
Co st
o ro th e rb a sis
p l u se xpe nse
o fsa le
( h )
Ga i n
o r
( lo ss)
( e )
p l u s
(f )
m i n u s
( g )
a
18 , 8 48
.
2 2 , 9 12 .
< 4
,
0 64.
b
6 7 , 17 6 .
61, 78 0 .
5
,
39 6.
C
de
C o m p l e t e
o n l yf o ra sse tssh o w i ng
g a in
i nc o l u m n
(h )
a ndo w ne d
b y
th e
f o u n d a t i o n
o n
12 /31/6 9
( I)
Ga i n s
( Co l
( h )
g a in
m i n u s
( i)
FM
V
a so f
1 2/31/6 9
( 1)
Adj u ste d
b a sis
a s
o f
1 2/31/6 9
(k )
Exce ss
o fco l
( i)
o ve r
co l
(j) ,
i f
a ny
o r
co l
(k) ,
b ut
no t
l essth a n
(h) )
Lo sses
(f r o m
() )
a
< 4
,
0 64.
b
5
,
39 6.
C
d
e
2
Ifg a in,
a lso
e nte r
i nP a r t
I,
l i ne
7
Ca pita lg a in
ne ti nco m e
o r
(ne tca pita ll o s s )
V l
If
(lo ss) ,
e nte r- 0 -
i nP a r t
I,
l i ne
7
2
1
,
332 .
3
Ne tsh o r t-te r m
ca pita lg a in
o r
( lo ss)
a sde f ine d
i nse ctio ns
12 2 2 ( 5 )
a nd
( 6)
Ifg a in,
a lso
e nte r
i nP a r t
1 ,
l i ne
8 ,
c o l u m n
( c)
If(l o s s) ,
e nte r
- 0-
i n
P a r t
I
l i ne
8
3
N / A
I
P a r tV
J
Q u a l i f i c a t i o n
Unde r
Se ctio n
49 40
(e )
f o r
Re d u c e d
Ta x
o n
Ne t
Inve stm e nt
Inco m e
( Fo ro p t i o na lu se
b yd o m e s t i cp r i v a t e
f o u n da t i o n ssu b j e ctt oth e
se ctio n49 40 ( a )
ta xo nne tinve stm e nti nco m e
)
Ifse ctio n
49 40 ( d ) ( 2 )
a pplie s,
le a ve
th isp a r tb la nk
Wa s
th e
f o u n da t i o n
lia b le
f o rth e
se ctio n49 42
ta xo n
th e
di s t r i b u t a b l e
a m o u nt
o fa ny
y e a r
i nth e
b a se
p e r i o d ?
Ye s
M
N o
If ' Y e s ' t h e
f o u n d a t i o ndo e s
no t
q u a l i t y
u nde r
se ctio n49 40(e )
D o
no tc o m p l e t e
th isp a r t
1
Ente rth e
a p p r o p r i a t e
a m o u nt
i ne a ch
c o l u m n
f o re a ch
y e a r
,
se e
i n s t r u c t i o n sb e f o r e
m a k ing
a ny
e ntr ie s
a
Ba s e
p e r i o dy e a r s
Ca l e nda r
ye a r
o rta xye a r
b egi n n i ng
m
Adj u ste d
u a l i( b in9
di
q
f Y
s t r i b u t i o n s
(c )
Ne tv a l u e
o fno nch a nta b l e
-u se
a sse ts
Di s t r i b u t i o n
r a tio
(co l
( b )
divide db y
co l
( c) )
2 0 0 7
4 5
,
8 0 0 .
7 34
49 3.
. 0 6 2 35 6
2 0 0 6
1 4
,
8 0 0 .
4 4 6
2 32 .
. 0 3316 7
2 0 0 5
2 2
,
5 0 0 .
37 0 , 5 2 8 .
.0 60 72 4
2 0 0 4
0 .
2 73
65 6.
.0 0 0 0 0 0
2 0 0 3
3 9
0 0 0 .
2 71
9 9 6.
. 14338 4
2
To t a l
o fl i ne
1,
c o l u m n
( d)
2
.2 9 9 631
3
Ave r a g e
di s t r i b u t i o n
r a tio
f o rth e
5-y e a r
b a se
p e r i o d
-d i v i d e
th e
to ta lo n
l i ne
2
b y
5 ,
th e
f o u n d a t i o n
h a s
b e e n
i ne xiste nce
itle ssth a n
5
y e a r s
o rb y
th e
nu m b e r
o fy e a r s
3
.
059926
4
Ente rth e
ne tv a l u e
o fno nch a nta b l e-u se
a sse tsf o r
2 0 0 8
f r o m
P a r tX
,
l i ne
5
4
2 9 1, 0 5 6 .
5
M u l t i p l y
l i ne
4b y
l i ne
3
5
17 , 442 .
6
Ente r
1 %
o fne tinve stm e nti nco m e
(1 %
o fP a r t
I,
l i ne
2 7b )
6
1 1 3 .
7
A d d
line s5
a nd6
7
17 , 5 5 5 .
8
Ente r
q u a l i f y i n g
d i s t r i b u t i o n sf r o m
P a r tX II,
l i ne
4
8
4 0
,
0 0 0 .
Ifl i ne
8
i se q u a l
t o
o rg r e a te rth a n
l i ne
7,
ch e ck
th e
b o x
i n
P a r tV I,
l i ne
1b ,
a ndc o m p l e t e
th a tp a r tu s i n g
a
1 %
ta x
r a te
Se e
th e
P a r tV Ii n s t r u c t i o n s
8 2 35 2 1
0 1- 0 2 - 0 e
Fo r m9 9 0 - P F
( 2 0 0 8 )
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...