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Nabors 990 2010

Nabors 990 2010

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Published by Loren Steffy

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Published by: Loren Steffy on Feb 16, 2012
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---
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DepartmentoftheTreasury
InternalRevenueService
ReturnofPrivateFoundation
orSection4947(a)(1)NonexemptCharitableTrustTreatedasaPrivateFoundationNote.Thefoundationmabeabletouseacoofthisreturnto
sans
statereOMBNo1545-0052
w
Forcalendaryear2010,ortaxyearbeginning
.
,anenmg
.
GCheckallthatapply
H
Initialreturn
U
nitialreturnofaformerpublicchanty
U
inalreturnAmendedreturn
n
Addresschange
n
NamechangeNameoffoundation
A
EmployerIdentificationnumberNABORSCHARITABLEFOUNDATION
03-0569199
Numberandstreet(orPOboxnumber
If
mallISnotdeliveredtostreetaddress)Room/suite
B
Telephonenumberseepage10ofthemsirucnoos)
515
WestGreensRoad,Suite
1200281-874-0035
Cityortown.state,andZIPcode
C
IfexemptionapplicationS
:tj
ending.checkhera
--
....
Houston,TX
77067
0
1
Foreignorganizations.heckhere
2
ForeignorganizationseellngheHChecktypeoforganization~Section
501
(c~exemptpnvatefoundation
85%
test.checkhereandattach
_~D
f"J
Section4947(a)(1)nonexemptcharitabletrustOthertaxablepnvatefoundationcomputation
........
EIfpnvatefoundationstatuswasterminated
D
IFairmarketvalueofallassetsatend
J
Accountingmethod~Cash
U
ccrualundersection507(b)(1)(A).heckhere.~ofyear
(fromPartII,col(c),Ime
D
Other(specify)______________________
F
IfthefoundationISIna6O-monthermination
n
16)~
$
406,649.00
(PartI,column(d)mustbeoncashbesis)
undersection507(b)(1)(B).heckhere•~
l:lffill
AnalysisofRevenueandExpenses
(The
(a)Revenueand(d)Disbursements
total
of
amounts
In
columns(b),(c),and(d)
(b)NetInvestment(c)Adjustednetforcharitable
maynotnecessanlyequaltheamounts
In
expensespermcorneIncomepurposes
column
(a)(see
page
11of
theinstructions))
books(cashbasisonly)1ContfibutlonOs.grants.etc.receivedattachschedule).
580,264.00
2Chk~IfthefoundationISnotrequiredtoecattachSchB.•.•••.3InterestonsavingsandtemporarycashInvestments4DIVidendsandInterestfromsecunnes5aGrossrents..............bNetrentalIncomeor(loss)
CII
6aNetgainor(loss)fromsaleofassetsnotonline10
::::J
bGrosssalespriceforall
c:
CII
assetsonline6a
>
7CapitalgamnetIncome(fromPartIV,hne2).
II
a::
RECEI
lieU
Netshort-termcapitalgain9Income
rnodrfrcatrons........
o
10aGrosssaleslessreturns
I
"¢
'ln44
0
ndallowances.....
,..
~
LessCostofgoodssold.
I
C")
AUIJ
.!!.
II<
,"U
II
b
C/)
cGrossprofitor(loss)(attachschedule)
t.{:
11OtherIncome(attachschedule)...
OGDEr
~.lH
12Total.Addlines1throuoh11....
580,264.00
13Compensationofofficers,directors,trustees.etc14Otheremployeesalariesandwages
til
CII
15Pensionplans,employeebenefits
il
c:
Legalfees(attachschedule)....16a
)(
bAccountingfees(attachschedule).
CII
cOtherprofessionalfees(attachschedule).
>
.;::l
17Interest.......•••...•.•.
II
..
-
18
!!
Taxes(attachschedule)(seepage14ofthe
mstructrons)
r:::
Depreciatron(attachschedule)anddepletion.
E
1920Occupancy............21Travel,conferences,andmeetmgs.
c:
III
22Printingandpublications
.....
Cl
Otherexpenses(attachschedule)
984.00984.00
:
23
.;::l
~24Totaloperatingandadministrativeexpenses.
CII
Addlmes13through23
984.00984.00
.
..........
25Contributions,qrfts,grantspaid...
318,824.00318,824.00
26Totalexpensesand
drsbursements
Addlines24and25
319,808.00319,808.00
27Subtractline26fromline12a
Excessofrevenueoverexpensesanddisbursements
260,456.00
bNetinvestmentincome(Ifnegative.enter-0-)cAdjustednetincome(Ifneqative,enter-0-)..2010
Form990-PF
~@10
20
"C
<t
"C
o
ForPaperworkReductionActNotice,seepage30oftheinstructions.OE1410
1
000
JSA
~Foi
S-PF
(2010)
 
Forni990-PF(2010)
Page2
limJII
AttachedschedulesandamountsIntheBeginningofyearEndofyear
BalanceSheets
descriptioncolumnshouldbeforend-of-yearamountsonly(SeeInstructions)(a)BookValue(b)BookValue(c)FairMarketValue
1
Cash-non-Interest-beanng.146,193.00406,649.00406,649.00
2
SavingsandtemporarycashInvestments
3
Accountsreceivable~________________________Lessallowancefordoubtfulaccounts~
-------------
4
Pledgesreceivable
~
------------------------
Lessallowancefordoubtfulaccounts~
-------------
5
Grantsreceivable
6
Receivablesduefromofficers,directors.trustees.andotherdisqualifiedpersons(attachschedule)(seepage
15
ofthe
mstructions)
7
Othernotesandloansreceivable(attachschedule)~_____Lessallowancefordoubtfulaccounts~
-------------
II)
8
Inventonesforsaleoruse
..
II
9
Prepaidexpensesanddeferredcharges.
I)II)
10
aInvestments-
U
Sandstategovernmentobligations(attachschedule),bInvestments-corporatestock(attachschedule)cInvestments-corporatebonds(attachschedule).
11
Investments-land,
buildmqs.
~
ndequipment
basis
------------------
Less
accumulateddepreciatron~
(attachschedule)-------------------
12
Investments-mortgageloans
13
Investments-other(attachschedule).
14
Land,
buildrnqs,
and
~
quipment
basis
------------------
Lessaccumulated
depreciation~
(attachschedule)____________________
15
Otherassets(descnbe
~---------------------)
16
Totalassets(tobecompletedbyallfilers
-
seetheinstructionsAlso,seepage
1,
ItemI).146,193.00406,649.00406,649.00
17
Accountspayableandaccruedexpenses
18
Grantspayable
II)
19
Deferredrevenue
III
E
20
Loansfromofficers,directors,trustees,andotherdisqualifiedpersons
:c
21
Mortgagesandothernotespayable(attachschedule).
'CI
:.J
22
Otherliabilities(descnbe
~
-------------------)
23
Totalliabilities(addlines
17
through
22).
FoundationsthatfollowSFAS
117,
checkhere~~andcompletelines
24
through
26
andlines
30
and
31.
II)
146,193.00406,649.00
II
24
Unrestncted.
o
:;25
Temporanlyrestncted
~26
Permanentlyrestncted
'C
FoundationsthatdonotfollowSFAS
117,
:
~D
::I
checkhereandcompletelines
27
through
31.
,
...
27
Capitalstock,trustpnncipal,orcurrentfunds
II)
28
Paid-inorcapitalsurplus,orland.bldg,andequipmentfund
.
II
:::9
Retainedearnings,accumulatedIncome,endowment,orotherfunds.
«
30
Totalnetassetsorfundbalances(seepage
17
ofthe
.
III
146,193.00406,649.00mstrucnons).
31
Totalliabilitiesandnetassets/fundbalances(seepage
17
oftheInstructions).
I~
.1i.1I1
AnalysisofChangesinNetAssetsorFundBalances
1
Totalnetassetsorfundbalancesatbeginningofyear-Part
II.
column(a).line30(mustagreeWithend-of-yearfigurereportedon
pnor
year'sreturn).
1
146,193.00
2
EnteramountfromPart
I,
line27a
2
260,456.00
3
OtherIncreasesnotIncludedInline2(Itemize)~
3
-------------------------------------
4
Addlines
1,
2,and3
4
406,649.00
5
DecreasesnotIncludedInline2(Itemize)~
5
6
Totalnetassetsorfundbalancesatendofyear-(llne4m~nU_sl;ne5)--Pa-rt-l~column(b)~lme30-.-----
6
406,649.00
Fonn
990-PF
(2010)
JSAOE14201000
 
Form990-PF(2010)Page3
.:liTiI~'.
CapitalGainsandLossesforTaxonInvestmentIncome(a)Listanddescnbethekmdrs)ofpropertysold(eg,realestate,
~~~How
(e)Date~d)Datesold
cquired
acquired2-storybnckwarehouse,orcommonstock,
200
shsMLCCo)P-Purchase(mo,day,yr)mo,day,yr)
O-Oonatlon
1a
b
c
d
e
(elGrosssalespnce
(f)
Depreciationallowed(9)Costorotherbasis(h)Gainor(loss)(orallowable)plusexpenseofsale(e)plus
(f)
minus(g)a
b
c
d
e
Completeonlyforassetsshowmqgain
In
column(h)andownedbythefoundationon
12/31/69
(I)Gains(Col(h)gainminus
(i)
FMVasof
12/31/69
01
Adjustedbasis(k)Excessofcol(I)col(k),butnotlessthan
-0-)
orasof
12/31/69
overcol
(J),
IfanyLosses(fromcol(h))a
b
c
d
e
2
CapitalgainnetIncomeor(netcapitalloss)
{
Ifgain,alsoenterInPartI,line7
}
f(loss),enter-0-InPartI,line7
2
3
Netshort-termcapitalgainor(loss)asdefinedInsections1222(5)and(6)Ifgain,alsoenterInPartI,line8,column(c)(seepages13and17oftheInstructions)
}
If(loss),enter-0-InPartI,line8_.........................._...
..
3
..
-
QualificationUnderSection4940(e)forReducedTaxonNetInvestmentIncome(Foroptionalusebydomesticpnvatefoundationssubjecttothesection4940(a)taxonnetInvestmentIncome)Ifsection4940(d)(2)applies,leavetrnspartblankWasthefoundationliableforthesection4942taxonthedistnbutableamountofanyyearInthebasepenod?If"Yes,"thefoundationdoesnotqualifyundersection4940(e)Donotcompletethrspart
D
Yeslli]No1EtthtthIfh18fthtb
f
kereappropnaeamounIneaccoumnoreacyear,seepage
0
eInsrucIonseoremaInganyennes
(a)(b)(e)(d)
BaseperiodyearsDistributionatio
Calendaryear(ortaxyearbcqmrunq
In)
AdjustedqualifYing
istnbuuons
Netvalueofnonehantable-usessets(col(b)
divided
bycol(e))2009020080200702006020050
2
Totalofline1,column(d)
.....................................
2
0
3
Averagedistnbutronratioforthe5-yearbasepenod-divrdethetotalonline2by5,orbythenumberofyearsthefoundationhasbeenInexistenceIflessthan5years
..........
3
0
4
Enterthenetvalueofnonchantable-useassetsfor2010fromPartX,line5
4
0
..........
5
Multiplyline4byline3
5
...................
.
..................
6
Enter1%ofnetInvestmentIncome(1%ofPartI,line27b).
6
...................
7
Addlines5and6
7
0
.
.
..
.
............
........................
8
EnterqualifyingdrstnbutionsfromPartXII,line4~
........................
319,808.00
JSAOE14301000
Ifline8ISequaltoorgreaterthanline7,checktheboxInPartVI,line1b,andcompletethatpartusrnqa1%taxrateSeethePartVIInstructionsonpage18Form990-PF
(2010)

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